VELINCK
ActiveVELINCK has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €82k and a net result of €228k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 22% of 9389 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency45▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.22 against 1.16 in 2024; short-term debt: 79.5% and cash: 2.4% of total assets), and 79.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
20.5%
Return on assets
57.3%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 9389 sector peers (2025).
NBB · sector comparisonPosition among 9389 sector peers
Solvency
better than 22%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €82k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
1 d early
2023
on the day
2022
1 d late
2021
36 d early
2020
56 d early
2019
58 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€82k▲ 10.6%
2024 · €74k
2018: €-234k
2019: €-125k
2020: €-86k
2021: €-570
2022: €66k
2023: €66k
2024: €74k
2018 → 2025
Total assets
€398k▼ 21.8%
2024 · €509k
2018: €25k
2019: €26k
2020: €329
2021: €57k
2022: €141k
2023: €280k
2024: €509k
2018 → 2025
Net result
€228k▼ 25.9%
2024 · €308k
2018: €106k
2019: €110k
2020: €39k
2021: €85k
2022: €128k
2023: €156k
2024: €308k
2018 → 2025
Working capital
€71k▼ 0.6%
2024 · €71k
2018: €-232k
2019: €-125k
2020: €-86k
2021: €-570
2022: €66k
2023: €66k
2024: €71k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-570-€66k€66k▲ 1.0%€74k▲ 11.4%€82k▲ 10.6%
Operating result€115k-€167k▲ 45.4%€205k▲ 22.2%€407k▲ 98.7%€299k▼ 26.6%
Net result€85k-€128k▲ 50.5%€156k▲ 21.5%€308k▲ 97.6%€228k▼ 25.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 27% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €398k
Fixed assets
€10k▲ 369%
Current assets
€387k▼ 23.5%
Equity and liabilities €398k
Equity
€82k▲ 10.6%
Debt
€316k▼ 27.3%
The debt ratio falls from 85.5% to 79.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€300k▼
2024 · €407k
Cash flow
€229k▼
2024 · €308k
Solvency
20.5%▲
2024 · 14.5%
Current ratio
1.22▲
2024 · 1.16
Quick ratio
1.22▲
2024 · 1.16
Debt / equity
3.88▼
2024 · 5.90
ROE
279.4%▼
2024 · 417.1%
ROA
57.3%▼
2024 · 60.4%
Interest coverage
756.38▲
2024 · 715.49
Debt
€316k▼
2024 · €435k
Debt ≤ 1 year
€316k▼
2024 · €435k
Income taxes
€86k▼
2024 · €113k
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€509k€398k▼
Fixed assets21/28€2k€10k▲
Tangible fixed assets22/27€2k€10k▲
Furniture and vehicles24€2k€10k▲
Current assets29/58€507k€387k▼
Amounts receivable within one year40/41€350k€360k▲
Trade receivables40€53k€110k▲
Other amounts receivable41€297k€250k▼
Cash at bank and in hand54/58€157k€10k▼
Deferred charges and accrued income490/1€86€17k▲
Equity and liabilities
Total equity and liabilities10/49€509k€398k▼
Equity10/15€74k€82k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€12k€20k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€6k€13k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€435k€316k▼
Amounts payable within one year42/48€435k€316k▼
Trade debts44€3k€3k▲
Suppliers440/4€3k€3k▲
Taxes, remuneration and social security45€132k€93k▼
Taxes450/3€132k€93k▼
Other amounts payable47/48€300k€220k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€212€1k▲
Other operating charges640/8€826€734▼
Gross operating margin9900€408k€300k▼
Operating profit (loss)9901€407k€299k▼
Financial income75/76B€15k€16k▲
Recurring financial income75€15k€16k▲
Financial charges65/66B€569€396▼
Recurring financial charges65€569€396▼
Profit (loss) for the period before taxes9903€420k€314k▼
Income taxes67/77€113k€86k▼
Profit (loss) for the period9904€308k€228k▼
Profit (loss) for the period to be appropriated9905€308k€228k▼
Appropriation of the result
Profit (loss) to be appropriated9906€308k€228k▼
Transfer to equity691/2€8k€8k▲
To the legal reserve6920€0-
To other reserves6921€8k€8k▲
Profit to be distributed694/7€300k€220k▼
Return on contributions (dividend)694€300k€220k▼
The notes to these accounts (5 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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2018net €308k ▲97.6%
Operating result €407k, net result €308k, both a record.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
01-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
25-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
05-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet €39k ▼64.5%
Net result drops to €39k, the lowest in the series; recovery starts the following year.
03-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
05-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are 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, Lokeren · 1 establishment unit since 1994
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.
Kwartelweg 39160 LokerenGround area
576 m²
Building footprint
81 m²
Volume, LiDAR
418 m³
Parcel 46007D1799/00C002, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kwartelweg 3, 9160 Lokeren
since 19942.065.059.526
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46007D1799/00C002 | Flanders | 576 m² | 1 · 81 m² | 7.4 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 1,759 companies in sector 71122 we hold annual accounts for 768. 664 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded06-12-1993
Fiscal year end30-09
Activities, NACEBEL
71122Land surveying
42220Construction of utility projects for electricity and telecommunications
45215
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.