Velleman Group
The file of Velleman Group contains 1 judicial reorganisation, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is ≥ 25% (high). The 2024 annual accounts show negative equity (€-3.30M) and a net result of €-3.52M. Equity is shrinking by ~81.2% per year across the filed fiscal years. Its solvency ranks better than 10% of 548 sector peers (fiscal year 2024).
| Equity | €-3.30M |
| Net result | €-3.52M |
| Staff (FTE) | 85.7 |
| Better than sector | 10% |
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -19.5% | 31.0% | |
| Net result | €-3.52M | €47k | |
| Equity | €-3.30M | €469k | |
| Staff costs | €5.80M | €494k | |
| Employees (FTE) | 85.7 | 7.5 |
| Fiscal year | 2024 |
|---|---|
| Deposit | volledig |
| Revenue | €26.42M |
| EBITDA | €-883k |
| Net profit | €-3.52M |
| Cash flow | €-2.50M |
| Staff costs | €5.80M |
| Income taxes | €10k |
| Dividends | - |
| Total assets | €16.91M |
| Equity | €-3.30M |
| Debt | €20.12M |
| of which ≤ 1y | €19.23M |
| of which > 1y | €521k |
| Working capital | €-4.88M |
| Employees (FTE) | 85.7 |
| 2024 | |
|---|---|
| Current ratio | 0.75 |
| Quick ratio | 0.28 |
| Working capital ratio | -28.8% |
| Solvency | -19.5% |
| Debt / equity | -6.09 |
| Long-term debt ratio | -0.16 |
| Interest coverage | -1.89 |
| Gross margin | 45.5% |
| Net margin | -13.3% |
| ROA | -20.8% |
| ROE | 106.5% |
| EBITDA margin | -3.3% |
| Days sales outstanding | 56d |
| Days payable outstanding | 202d |
| Inventory turnover | 1.61 |
| Days inventory (DSI) | 227d |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €16.91M |
| Fixed assets | 21/28 | €2.56M |
| Intangible fixed assets | 21 | €1.11M |
| Tangible fixed assets | 22/27 | €625k |
| Financial fixed assets | 28 | €825k |
| Current assets | 29/58 | €14.35M |
| Stocks & contracts in progress | 3 | €8.94M |
| Amounts receivable within one year | 40/41 | €4.10M |
| Cash & bank | 54/58 | €1.14M |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €16.91M |
| Equity | 10/15 | €-3.30M |
| Contributions / capital | 10/11 | €1.43M |
| Reserves | 13 | €1.42M |
| Accumulated profits (losses) | 14 | €-6.17M |
| Provisions & deferred taxes | 16 | €102k |
| Amounts payable | 17/49 | €20.12M |
| Amounts payable after one year | 17 | €521k |
| Amounts payable within one year | 42/48 | €19.23M |
| Trade debts payable within one year | 44 | €7.98M |
| Income statement | ||
| Turnover | 70 | €26.42M |
| Operating result | 9901 | €-1.90M |
| Financial income | 75 | €44k |
| Financial charges | 65 | €986k |
| Result before taxes | 9903 | €-3.51M |
| Income taxes | 67/77 | €10k |
| Net result for the period | 9904 | €-3.52M |
| Result to be appropriated | 9905 | €-3.52M |
-
Current24-02-2025 → present
-
William MynckeDirectorState Gazette act 23155875 (06-12-2023)Current06-12-2023 → present
Permanent representatives (4)
-
ENJOY Real Estate BVLegal entityPermanent representative· perm. rep.: Guido VerswijvelState Gazette act 25052141 (22-04-2025)Permanent representative22-04-2025 → present
-
GUCY MANAGEMENT BVLegal entityPermanent representative· perm. rep.: Cynthia CornelissenState Gazette act 25052141 (22-04-2025)Permanent representative22-04-2025 → present
-
Vroegvogel bvbaLegal entityPermanent representative· perm. rep.: Delbecque PeterState Gazette act 23155875 (06-12-2023)Permanent representative06-12-2023 → present
-
Philippe VandeurzenPermanent representativeState Gazette act 23155875 (06-12-2023)Permanent representative- → 06-12-2023
Former directors (7)
-
ACSE BVLegal entityDirector· perm. rep.: Alexander DewulfState Gazette act 24140169 (27-09-2024)Former24-04-2024 → 11-04-2025
2 events
- 11-04-2025 Resigned· Director
- 24-04-2024 Appointed· Director
-
CENTYMES CommVDirectorState Gazette act 25052141 (22-04-2025)Former- → 11-04-2025
2 events
- 11-04-2025 Resigned· Director
- 11-04-2025 Resigned· Managing director
-
De Eik NVLegal entityDirectorState Gazette act 25052141 (22-04-2025)Former- → 11-04-2025
-
WIM DUBOISDirectorState Gazette act 25052141 (22-04-2025)Former- → 11-04-2025
-
Vroegvogel BVLegal entityDirector· perm. rep.: Peter DelbecqueState Gazette act 25025064 (24-02-2025)Former- → 13-01-2025
-
Operon One Comm. V.Legal entityDirector· perm. rep.: Wiliam MynckeState Gazette act 24140169 (27-09-2024)Former- → 12-06-2024
-
de Eik NvLegal entityDirector· perm. rep.: Klara Van WaeyenbergeState Gazette act 23155875 (06-12-2023)Former06-12-2023 → present
| NACE primary | Groothandel in elektrisch materiaal, inclusief installatiemateriaal(46643) |
| Legal form | Public limited company(014) |
| Incorporation | 28-05-2021 |
| Status | Active |
| Postal code | 9890 |
| First BS signal | 23-06-2026 |
| Latest BS signal | 23-06-2026 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44003A0197/00W000 | Flanders | 1.8 ha | 1 · 1.3 ha | 15.1 m · 4 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
22-04-2025 10 directors appointed, 5 resigning
- Guido Verswijvel, Vaste vertegenwoordiger
- Cynthia Cornelissen, Vaste vertegenwoordiger
- Bart Heynickx, Bestuurder
- Tom Vantroyen, Bestuurder
- Richard Liu, Bestuurder
- Robbe Van Mieghem, Bestuurder
- Olivier Cuti, Bestuurder
- Hugo Gigounon, Bestuurder
Technical details
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}24-02-2025 2 directors appointed, 1 resigning
- Centymes SCS, Gedelegeerd bestuurder
- Centymes SCS, Dagelijks bestuur
- Peter Delbecque, Bestuurder
Technical details
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}27-09-2024 2 directors appointed, 2 resigning
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}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | Velleman Group |