VELOFCOURSE
ActiveThe computed 12-month bankruptcy probability of VELOFCOURSE is 2.8% (moderate). The 2025 annual accounts show equity of €68k and a net result of €24k. Equity is growing by ~86% per year across the filed fiscal years. Its solvency ranks better than 77% of 10206 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
93
/ 100
Excellent▼ -7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100▲+4
Growth78=
Stability94
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 4.27 against 3.8 in 2024), and 34.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 47
Relative position
BE, all sectors
reference
Sector 47
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
65.1%
Return on assets
22.9%
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 · 4 filingsDeviation from the deadline
2025
31 d late
2024
44 d late
2023
273 d late
2022
30 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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€24k▼ 29.3%
2024 · €34k
2022: €-2k
2023: €11k
2024: €34k
2022 → 2025
Working capital
€71k▲ 31.4%
2024 · €54k
2022: €8k
2023: €9k
2024: €54k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€-368-€10k€44k▲ 331%€68k▲ 54.3%
Operating result€-477-€11k€35k▲ 205%€26k▼ 24.1%
Net result€-2k-€11k€34k▲ 219%€24k▼ 29.3%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 24% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €104k
Fixed assets
€11k▲ 1.9%
Current assets
€93k▲ 26.4%
Equity and liabilities €104k
Equity
€68k▲ 54.3%
Debt
€36k▼ 10.3%
The debt ratio falls from 48.0% to 34.9%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€28k▼
2024 · €36k
Cash flow
€26k▼
2024 · €35k
Solvency
65.1%▲
2024 · 52.0%
Current ratio
4.27▲
2024 · 3.80
Quick ratio
1.73▲
2024 · 1.05
Debt / equity
0.54▼
2024 · 0.92
ROE
35.2%▼
2024 · 76.8%
ROA
22.9%▼
2024 · 39.9%
Interest coverage
52.02▲
2024 · 45.50
Debt
€36k▼
2024 · €41k
Debt ≤ 1 year
€22k▲
2024 · €19k
Debt > 1 year
€15k▼
2024 · €21k
Income taxes
€2k
Staff costs
€29k▲
2024 · €9k
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€85k€104k▲
Fixed assets21/28€11k€11k▲
Tangible fixed assets22/27€8k€9k▲
Land and buildings22€5k€5k▼
Plant, machinery and equipment23€2k€2k▲
Furniture and vehicles24€1k€2k▲
Financial fixed assets28€2k€2k=
Current assets29/58€74k€93k▲
Stocks and contracts in progress3€53k€56k▲
Stocks30/36€53k€56k▲
Amounts receivable within one year40/41-€1k
Trade receivables40-€692
Other amounts receivable41-€542
Cash at bank and in hand54/58€20k€37k▲
Deferred charges and accrued income490/1€478-
Equity and liabilities
Total equity and liabilities10/49€85k€104k▲
Equity10/15€44k€68k▲
Contributions10/11€2k€2k=
Profit (loss) carried forward14€42k€66k▲
Amounts payable17/49€41k€36k▼
Amounts payable after more than one year17€21k€15k▼
Other amounts payable178/9€21k€15k▼
Amounts payable within one year42/48€19k€22k▲
Current portion of amounts payable after more than one year42€11k-
Trade debts44€1k€9k▲
Suppliers440/4€1k€9k▲
Bills of exchange payable441€209-
Taxes, remuneration and social security45€7k€13k▲
Taxes450/3€6k€10k▲
Remuneration and social security454/9€1k€3k▲
Income statement
Code20242025
Remuneration, social security and pensions62€9k€29k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€387€400▲
Gross operating margin9900€45k€57k▲
Operating profit (loss)9901€35k€26k▼
Financial income75/76B€30€0▼
Recurring financial income75€30€0▼
Financial charges65/66B€795€539▼
Recurring financial charges65€795€539▼
Profit (loss) for the period before taxes9903€34k€26k▼
Income taxes67/77-€2k
Profit (loss) for the period9904€34k€24k▼
Profit (loss) for the period to be appropriated9905€34k€24k▼
Appropriation of the result
Profit (loss) to be appropriated9906€42k€66k▲
Profit (loss) brought forward from the previous period14P€8k€42k▲
The notes to these accounts (7 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 · abbreviated schema · 31 days late
2025
13-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 44 days late
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 273 days late
2024
31-12
Financial
Highest result since 2022net €34k ▲219%
Operating result €35k, net result €34k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 3.80
Current ratio from 1.18 to 3.80; short-term debt falls from €49k to €19k.
2023
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Elsene · 1 establishment unit since 2021
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.
François Donsstraat 261050 ElseneGround area
377 m²
Building footprint
160 m²
Volume, LiDAR
2,394 m³
Parcel 21446D0012/00R008, Brussels · tallest building 17.3 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
VELOFCOURSE
since 20212.317.796.588
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21446D0012/00R008 | Brussels | 377 m² | 1 · 160 m² | 17.3 m · 5 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.
Similar companies · same sector, comparable size
TRIDOME
BE 0752.888.561
Rumst · Eq €68k
SUGG
BE 0764.738.397
Brussel · Eq €67k
VEELOO
BE 0435.952.642
Denderleeuw · Eq €66k
DR Bikes
BE 1021.702.483
Oud-Turnhout · Eq €70k
DIMAST
BE 0463.860.433
Lede · Eq €65k
Of 1,451 companies in sector 47632 we hold annual accounts for 720. 586 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-05-2021
Fiscal year end31-12
Activities, NACEBEL
47632Retail sale of bicycles
47785Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.