VELO PLUS
ActiveSummary
VELO PLUS has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €244,684 and a net result of €13,301. Equity is growing by ~26.3% per year across the filed fiscal years. Its solvency ranks better than 68% of 11547 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability64▲+26
Solvency89▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity ample (current ratio 3.3 against 2.92 in 2024; short-term debt: 25% and cash: 4.1% of total assets), and 35.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
64.3%
Return on assets
3.5%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-08-2026, 5 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
5 d late
2024
21 d early
2023
1 d early
2022
14 d early
2021
10 d late
2020
31 d late
2019
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 1 day after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 31 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#10 oldest company in Lede, Wholesale and retail trade sector
Equity
€244,684▼ 0.2%
2024 · €245,097
Total assets
€380,594▼ 2.4%
2024 · €389,820
Net result
€13,301▲ 112%
2024 · €6,260
Working capital
€218,488▼ 3.6%
2024 · €226,561
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€109,038▲ 128%€91,097▼ 16.5%€94,447▲ 3.7%€18,685▼ 80.2%€24,749▲ 32.5%
Net result€68,301above the sector's middle half▲ 164%€56,161above the sector's middle half▼ 17.8%€59,209above the sector's middle half▲ 5.4%€6,260within the sector's middle half▼ 89.4%€13,301within the sector's middle half▲ 112%
Equity€156,610above the sector's middle half▲ 77.3%€207,056above the sector's middle half▲ 32.2%€252,551above the sector's middle half▲ 22.0%€245,097above the sector's middle half▼ 3.0%€244,684above the sector's middle half▼ 0.2%
Total assets€278,566within the sector's middle half▼ 14.5%€333,707within the sector's middle half▲ 19.8%€378,192within the sector's middle half▲ 13.3%€389,820within the sector's middle half▲ 3.1%€380,594within the sector's middle half▼ 2.4%
Debt€121,956▼ 48.6%€126,651▲ 3.8%€125,641▼ 0.8%€144,724▲ 15.2%€135,910▼ 6.1%
Working capital€156,034above the sector's middle half▼ 16.1%€206,677above the sector's middle half▲ 32.5%€252,369above the sector's middle half▲ 22.1%€226,561above the sector's middle half▼ 10.2%€218,488above the sector's middle half▼ 3.6%
Solvency56.2%within the sector's middle half▲ 29.1pp62.0%within the sector's middle half▲ 5.8pp66.8%within the sector's middle half▲ 4.7pp62.9%within the sector's middle half▼ 3.9pp64.3%within the sector's middle half▲ 1.4pp
Current ratio2.28within the sector's middle half▼ 0.072.63within the sector's middle half▲ 0.353.01within the sector's middle half▲ 0.382.92within the sector's middle half▼ 0.093.30within the sector's middle half▲ 0.38
Return on assets (ROA)24.5%above the sector's middle half▲ 16.6pp16.8%above the sector's middle half▼ 7.7pp15.7%above the sector's middle half▼ 1.2pp1.6%within the sector's middle half▼ 14.0pp3.5%within the sector's middle half▲ 1.9pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 32% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €380,594
Fixed assets
€67,013 ▲ 47.7%
Current assets
€313,581 ▼ 9.0%
Equity and liabilities €380,594
Equity
€244,684 ▼ 0.2%
Debt
€135,910 ▼ 6.1%
Debt's share of the balance-sheet total falls from 37.1% to 35.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€32,776▲
2024 · €21,905
Cash flow
€21,329▲
2024 · €9,480
Quick ratio
0.68▼
2024 · 0.69
Debt to equity
0.56▼
2024 · 0.59
ROE
5.4%▲
2024 · 2.6%
Interest coverage
4.93▲
2024 · 2.04
Debt ≤ 1 year
€95,093▼
2024 · €117,880
Debt > 1 year
€40,818▲
2024 · €26,844
Income taxes
€4,805▲
2024 · €1,840
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,040 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,040 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,684 | €197 | €197 | €3,220 | €8,027 | ▲ 149% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €7,727 | €3,630 | €0 | - | €10,883 | - |
| Other operating charges640/8 | €1,555 | €617 | €930 | €826 | €1,876 | ▲ 127% |
| Non-recurring operating charges66A | - | - | €10,336 | €0 | - | - |
| Gross operating margin9900 | €120,003 | €95,540 | €105,910 | €22,731 | €45,535 | ▲ 100% |
| Operating profit (loss)9901 | €109,038 | €91,097 | €94,447 | €18,685 | €24,749 | ▲ 32.5% |
| Financial income75/76B | €724 | €0 | - | €147 | €4 | ▼ 97.1% |
| Recurring financial income75 | €724 | €0 | - | €147 | €4 | ▼ 97.1% |
| Financial charges65/66B | €16,176 | €11,900 | €11,480 | €10,731 | €6,647 | ▼ 38.1% |
| Recurring financial charges65 | €16,176 | €11,900 | €11,480 | €10,731 | €6,647 | ▼ 38.1% |
| Profit (loss) for the period before taxes9903 | €93,585 | €79,197 | €82,968 | €8,100 | €18,106 | ▲ 124% |
| Income taxes67/77 | €25,284 | €23,037 | €23,759 | €1,840 | €4,805 | ▲ 161% |
| Profit (loss) for the period9904 | €68,301 | €56,161 | €59,209 | €6,260 | €13,301 | ▲ 112% |
| Profit (loss) for the period to be appropriated9905 | €68,301 | €56,161 | €59,209 | €6,260 | €13,301 | ▲ 112% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €278,566 | €333,707 | €378,192 | €389,820 | €380,594 | ▼ 2.4% |
| Fixed assets21/28 | €576 | €379 | €182 | €45,379 | €67,013 | ▲ 47.7% |
| Tangible fixed assets22/27 | €576 | €379 | €182 | €45,379 | €67,013 | ▲ 47.7% |
| Plant, machinery and equipment23 | - | - | - | €45,379 | €40,537 | ▼ 10.7% |
| Furniture and vehicles24 | €576 | €379 | €182 | €0 | €26,476 | - |
| Current assets29/58 | €277,990 | €333,328 | €378,010 | €344,441 | €313,581 | ▼ 9.0% |
| Stocks and contracts in progress3 | €193,753 | €224,618 | €237,810 | €263,192 | €249,043 | ▼ 5.4% |
| Stocks30/36 | €193,753 | €224,618 | €237,810 | €263,192 | €249,043 | ▼ 5.4% |
| Amounts receivable within one year40/41 | €30,035 | €17,543 | €30,263 | €30,558 | €48,913 | ▲ 60.1% |
| Trade receivables40 | €30,035 | €17,543 | €30,263 | €19,498 | €45,013 | ▲ 131% |
| Other amounts receivable41 | - | - | - | €11,060 | €3,900 | ▼ 64.7% |
| Cash at bank and in hand54/58 | €54,202 | €91,167 | €109,937 | €50,692 | €15,625 | ▼ 69.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €278,566 | €333,707 | €378,192 | €389,820 | €380,594 | ▼ 2.4% |
| Equity10/15 | €156,610 | €207,056 | €252,551 | €245,097 | €244,684 | ▼ 0.2% |
| Contributions10/11 | €18,750 | €18,750 | €18,750 | €18,750 | €18,750 | = |
| Reserves13 | €93,422 | €93,422 | €93,422 | €179,707 | €165,993 | ▼ 7.6% |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €0 | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €0 | - | - |
| Distributable reserves133 | €91,562 | €91,562 | €91,562 | €179,707 | €165,993 | ▼ 7.6% |
| Profit (loss) carried forward14 | €44,438 | €94,885 | €140,379 | €46,639 | €59,941 | ▲ 28.5% |
| Amounts payable17/49 | €121,956 | €126,651 | €125,641 | €144,724 | €135,910 | ▼ 6.1% |
| Amounts payable after more than one year17 | €0 | - | - | €26,844 | €40,818 | ▲ 52.1% |
| Financial debts170/4 | €0 | - | - | €26,844 | €40,818 | ▲ 52.1% |
| Amounts payable within one year42/48 | €121,956 | €126,651 | €125,641 | €117,880 | €95,093 | ▼ 19.3% |
| Current portion of amounts payable after more than one year42 | €18,000 | €18,000 | €0 | €6,894 | €12,907 | ▲ 87.2% |
| Trade debts44 | €22,788 | €33,304 | €28,387 | €27,222 | €18,247 | ▼ 33.0% |
| Suppliers440/4 | €22,788 | €33,304 | €28,387 | €27,222 | €18,247 | ▼ 33.0% |
| Taxes, remuneration and social security45 | €36,883 | €31,613 | €53,520 | €38,802 | €17,869 | ▼ 53.9% |
| Taxes450/3 | €31,031 | €31,613 | €53,520 | €38,802 | €17,869 | ▼ 53.9% |
| Remuneration and social security454/9 | €5,852 | €0 | - | - | - | - |
| Other amounts payable47/48 | €44,284 | €43,734 | €43,734 | €44,962 | €46,070 | ▲ 2.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €68,301 | €56,161 | €59,209 | €6,260 | €13,301 | ▲ 112% |
| + Depreciation and write-downs630 | €1,684 | €197 | €197 | €3,220 | €8,027 | ▲ 149% |
| Operating cash flow (approximation) | €69,985 | €56,358 | €59,406 | €9,480 | €21,329 | ▲ 125% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€48,417 | -€29,662 | ▲ 38.7% |
| Change in cash | - | €36,965 | €18,770 | -€59,245 | -€35,066 | ▲ 40.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
05-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 5 days late
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200,000Eq €207,056 ▲32.2%
3 profitable years in a row build equity to €207,056.
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 10 days late
2021
31-12
Financial
Highest result since 2018net €68,301 ▲164%
Operating result €109,038, net result €68,301, both a record.
31-12
Financial
Equity above €150,000Eq €156,610 ▲77.3%
2 profitable years in a row build equity to €156,610.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €25,917
Net result €25,917 after 2 loss-making years.
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€7,373
Net result drops to -€7,373, the lowest in the series; recovery starts the following year.
Show earlier events
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Lede · 1 establishment unit since 1989
Ground area
5,767 m²
Building footprint
736 m²
Volume, LiDAR
906 m³
2 parcels, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
BVBA VELO PLUS IMPORT-EXPORT G
since 19892.041.803.478
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41032D0137/00D000 | Flanders | 5,195 m² | 1 · 584 m² | - |
| 41015B0055/00F000 | Flanders | 571 m² | 1 · 151 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 583 companies in sector 46496 we hold annual accounts for 384. 276 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-01-1989
Fiscal year end31-12
Activities, NACEBEL 2025
46496Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0436322133
Also
9925:BE0436322133
Registered
02-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.