Vélolo

Active

Private limited companyfounded 20224 yrs activePeterseliestraat 102, 8000 Brugge, BelgiumKBO/BCE: BE 0779.948.195

The computed 12-month bankruptcy probability of Vélolo is 2.6% (moderate). The 2025 annual accounts show negative equity (€-123k) and a net result of €-314k. Its solvency ranks better than 10% of 10242 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

22 / 100

Critical▲ +2 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100▲+100

Solvency54▲+40

Growth32

Stability94

Bankruptcy probability, 12 months

2.6% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity tight (current ratio 1.43 against 1.02 in 2023), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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 →

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

-10.4%

Return on assets

-26.7%

Age of the figures

14 mo

Negative equity

Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).

NBB · annual accounts 2025

Equity per financial year

2325

2023 to 2025 · latest year -€123k

Latest accounts filed on time

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.

NBB · 2 filings

Deviation from the deadline

2025

2 d early

2023

68 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Equity

€-123k

2023 · €41k

2023: €41k

2023 → 2025

Total assets

€1.18M▲ 10.2%

2023 · €1.07M

2023: €1.07M

2023 → 2025

Net result

€-314k▼ 187%

2023 · €-109k

2023: €-109k

2023 → 2025

Working capital

€284k▲ 1,411%

2023 · €19k

2023: €19k

2023 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20232025Trend

Equity€41k-€-123k

Operating result€-95k-€-265k▼ 180%

Net result€-109k-€-314k▼ 187%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €265k in 2025 against €95k in 2023; the loss grows.

Balance-sheet composition

2025 in colour, 2023 as the grey bar beneath

Assets €1.17M

19.3%

80.7%

Fixed assets €225k▼ 8.7%

Current assets €945k▲ 16.7%

Key figures and ratios

2025 value · change against 2023

EBITDA

€-196k▼

2023 · €-55k

Cash flow

€-244k▼

2023 · €-70k

Solvency

-10.4%▼

2023 · 3.8%

Current ratio

1.43▲

2023 · 1.02

Quick ratio

0.28▲

2023 · 0.09

Debt / equity

-10.57▼

2023 · 25.18

ROE

255.3%▲

2023 · -268.1%

ROA

-26.7%▼

2023 · -10.2%

Interest coverage

-3.64▼

2023 · -1.89

Debt

€1.30M▲

2023 · €1.03M

Debt ≤ 1 year

€661k▼

2023 · €790k

Debt > 1 year

€634k▲

2023 · €236k

Staff costs

€307k▲

2023 · €103k

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 2023

Balance sheet Code20232025

Assets

Total assets20/58€1.07M€1.18M▲

Formation expenses20€11k€5k▼

Fixed assets21/28€247k€225k▼

Intangible fixed assets21€8k€5k▼

Tangible fixed assets22/27€238k€220k▼

Land and buildings22€147k€0▼

Plant, machinery and equipment23€76k€48k▼

Furniture and vehicles24€15k€48k▲

Other tangible fixed assets26-€123k

Current assets29/58€809k€945k▲

Stocks and contracts in progress3€738k€758k▲

Stocks30/36€738k€758k▲

Amounts receivable within one year40/41€42k€53k▲

Trade receivables40€42k€53k▲

Other amounts receivable41€357€380▲

Cash at bank and in hand54/58€27k€127k▲

Deferred charges and accrued income490/1€3k€6k▲

Equity and liabilities

Total equity and liabilities10/49€1.07M€1.18M▲

Equity10/15€41k€-123k▼

Contributions10/11€150k€300k▲

Profit (loss) carried forward14€-109k€-423k▼

Amounts payable17/49€1.03M€1.30M▲

Amounts payable after more than one year17€236k€634k▲

Financial debts170/4€236k€634k▲

Amounts payable within one year42/48€790k€661k▼

Current portion of amounts payable after more than one year42€39k€49k▲

Financial debts43€260k€300k▲

Credit institutions430/8€260k€300k▲

Trade debts44€161k€233k▲

Suppliers440/4€161k€233k▲

Advances received on contracts in progress46-€510

Taxes, remuneration and social security45€28k€75k▲

Taxes450/3€5k€46k▲

Remuneration and social security454/9€23k€29k▲

Other amounts payable47/48€302k€4k▼

Accrued charges and deferred income492/3-€4k

Income statement Code20232025

Non-recurring operating income76A-€221

Remuneration, social security and pensions62€103k€307k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40k€69k▲

Other operating charges640/8€1k€863▼

Gross operating margin9900€49k€112k▲

Operating profit (loss)9901€-95k€-265k▼

Financial income75/76B€15k€6k▼

Recurring financial income75€15k€6k▼

Financial charges65/66B€29k€54k▲

Recurring financial charges65€29k€54k▲

Profit (loss) for the period before taxes9903€-109k€-314k▼

Profit (loss) for the period9904€-109k€-314k▼

Profit (loss) for the period to be appropriated9905€-109k€-314k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-109k€-423k▼

Profit (loss) brought forward from the previous period14P-€-109k

Social balance

Average headcount (FTE)90870.82.2▲

The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 2Filings 2

2026

29-01

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2024

24-05

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

NBB filing

Directors · office · real estate

Directors

no sitting director, no change since 2024

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

01-01-2024 Resigned as Managing director

Location & real-estate footprint

Registered office, Brugge · 1 establishment unit since 2022

establishment The establishment unit on the map

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.

Peterseliestraat 1028000 Brugge

Ground area

300 m²

Building footprint

236 m²

Parcel 31806F0027/00L002, Flanders. Linked by address, not a title deed.