Velicon
ActiveThe computed 12-month bankruptcy probability of Velicon is 2.5% (moderate). The 2025 annual accounts show equity of €22k and a net result of €12k. Its solvency ranks better than 34% of 27358 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
86
/ 100
Excellent▲ +18 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency62▲+40
Growth78
Stability94
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.48 against 1.05 in 2024), and 66.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
33.1%
Return on assets
18.2%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filingsDeviation from the deadline
2025
31 d late
2024
11 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€22k▲ 123%
2024 · €10k
2024: €10k
2024 → 2025
Total assets
€67k▲ 2.6%
2024 · €65k
2024: €65k
2024 → 2025
Net result
€12k▲ 36.7%
2024 · €9k
2024: €9k
2024 → 2025
Working capital
€14k▲ 769%
2024 · €2k
2024: €2k
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€10k-€22k▲ 123%
Operating result€15k-€18k▲ 17.7%
Net result€9k-€12k▲ 36.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2025; 2025 is 18% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €67k
Fixed assets
€26k▼ 26.7%
Current assets
€42k▲ 35.9%
Equity and liabilities €67k
Equity
€22k▲ 123%
Debt
€45k▼ 19.0%
The debt ratio falls from 84.8% to 66.9%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€29k▼
2024 · €31k
Cash flow
€23k▼
2024 · €25k
Solvency
33.1%▲
2024 · 15.2%
Current ratio
1.48▲
2024 · 1.05
Quick ratio
1.48▲
2024 · 1.05
Debt / equity
2.03▼
2024 · 5.57
ROE
55.1%▼
2024 · 90.0%
ROA
18.2%▲
2024 · 13.7%
Interest coverage
17.88▲
2024 · 10.61
Debt
€45k▼
2024 · €56k
Debt ≤ 1 year
€28k▼
2024 · €29k
Debt > 1 year
€15k▼
2024 · €25k
Income taxes
€4k▲
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€65k€67k▲
Fixed assets21/28€35k€26k▼
Tangible fixed assets22/27€35k€26k▼
Furniture and vehicles24€35k€26k▼
Current assets29/58€31k€42k▲
Amounts receivable within one year40/41€9k€13k▲
Trade receivables40€9k€13k▲
Cash at bank and in hand54/58€22k€28k▲
Deferred charges and accrued income490/1-€531
Equity and liabilities
Total equity and liabilities10/49€65k€67k▲
Equity10/15€10k€22k▲
Contributions10/11€1k€1k=
Profit (loss) carried forward14€9k€21k▲
Amounts payable17/49€56k€45k▼
Amounts payable after more than one year17€25k€15k▼
Financial debts170/4€25k€15k▼
Amounts payable within one year42/48€29k€28k▼
Current portion of amounts payable after more than one year42€9k€10k▲
Trade debts44€1k€592▼
Suppliers440/4€1k€592▼
Taxes, remuneration and social security45€15k€16k▲
Taxes450/3€12k€13k▲
Remuneration and social security454/9€3k€3k=
Other amounts payable47/48€4k€2k▼
Accrued charges and deferred income492/3€2k€2k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€11k▼
Other operating charges640/8€733€605▼
Gross operating margin9900€32k€30k▼
Operating profit (loss)9901€15k€18k▲
Financial income75/76B€283€115▼
Recurring financial income75€283€115▼
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€13k€17k▲
Income taxes67/77€4k€4k▲
Profit (loss) for the period9904€9k€12k▲
Profit (loss) for the period to be appropriated9905€9k€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€9k€21k▲
Profit (loss) brought forward from the previous period14P-€9k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 11 days late
NBB filing
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Merchtem · 1 establishment unit since 2023
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Wolvertemsesteenweg 61785 MerchtemGround area
539 m²
Building footprint
131 m²
Volume, LiDAR
779 m³
Parcel 23602H0567/00M000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Velicon
since 20232.345.340.729
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23602H0567/00M000 | Flanders | 539 m² | 1 · 131 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 22,728 companies in sector 43211 we hold annual accounts for 10,270. 7,354 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-05-2023
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
41003General construction of other non-residential buildings
42110Construction of roads and motorways
43212Electrical installation work in industrial facilities
43221Plumbing work
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.