VELOPHIL · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of VELOPHIL is 2.7% (moderate). The 2024 annual accounts show equity of €722k and a net result of €218k. Equity is growing by ~26.1% per year across the filed fiscal years. Its solvency ranks better than 83% of 6722 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 6 annual accounts.

Signals

3 signals · with evidence

Strong solvency vs sector

Solvency is in the sector's strongest quartile: better than 83% of 6722 peers (2024). A comfortable equity buffer.

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2023 and 2024).

View the result trend

Growing equity

Equity grew over 2022-2024. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 28 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-06-2026, 326 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

How we compute the deadline

The year end is derived from 6 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	22-06-2026	326 d late	2026-00198082
31-12-2023	31-07-2024	22-08-2024	22 d late	2024-00361843
31-12-2022	31-07-2023	28-08-2023	28 d late	2023-00358854
31-12-2021	31-07-2022	26-08-2022	26 d late	2022-20321243
31-12-2020	31-07-2021	30-08-2021	30 d late	2021-59500189
31-12-2019	31-07-2020	24-11-2020	116 d late	2020-72100544

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2019, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

2.7% Moderate

0%0,5%1,5%4%10%≥25%

Young company +Higher-failure-rate region +Higher-failure-rate sector +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

Turnover€2.13M+45.7%

EBIT margin8.0%-3.2pp

Net result€218k+1541.1%

Working capital€673k+45.9%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 22-06-2026 with the NBB · fiscal year 2024 · micro

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Gross margin: growth of ~20.7%/year over 6 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

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).

Sector comparison

Fiscal year 2024 · NACE 47, Retail trade · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	61.9%	20.4%	better than 83% of 6722 sector peers
Net result	€218k	€4k	better than 95% of 6703 sector peers
Equity	€722k	€16k	better than 95% of 6737 sector peers
Gross operating margin	€805k	€24k	better than 95% of 6682 sector peers
Staff costs	€460k	€33k	higher than 95% of 3049 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P83

Improving position over 2020-2024 · n=1505-6722

Net result P95

Stable position over 2020-2024 · n=1499-6703

Equity P95

Stable position over 2020-2024 · n=1508-6737

Gross operating margin P95

Stable position over 2020-2024 · n=1494-6682

Describes the position versus peers, not a forecast.

Revenue

€2.13M

+45.7% 19-24

EBITDA

€343k

+772.4% 19-24

Net profit

€218k

+1541.1% 19-24

Cash flow

€220k

+1353.0% 19-24

Total assets

€1.16M

+9.0% 19-24

Equity

€722k

+43.4% 19-24

Working capital

€673k

+45.9% 19-24

Employees (FTE)

3

0.0% 19-24

Show 13 other metrics

Staff costs

€460k

-2.7% 19-24

Income taxes

€111k

+1408.1% 19-24

Debt

€443k

-21.7% 19-24

Debt ≤ 1y

€443k

-21.7% 19-24

Current ratio

2.52

+38.8% 19-24

Quick ratio

0.93

+86.1% 19-24

Solvency

61.9%

+31.6% 19-24

Debt / equity

0.61

-45.4% 19-24

ROE

30.3%

+1044.3% 19-24

ROA

18.7%

+1406.1% 19-24

Net margin

5.3%

-27.4% 19-24

EBITDA margin

8.0%

-28.4% 19-24

Interest coverage

30.37

+1195.3% 19-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro
Revenue	-
EBITDA	€343k
Net profit	€218k
Cash flow	€220k
Staff costs	€460k
Income taxes	€111k
Dividends	-
Total assets	€1.16M
Equity	€722k
Debt	€443k
of which ≤ 1y	€443k
of which > 1y	-
Working capital	€673k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	2.52
Quick ratio	0.93
Working capital ratio	57.8%
Solvency	61.9%
Debt / equity	0.61
Long-term debt ratio	-
Interest coverage	30.37
Gross margin	-
Net margin	-
ROA	18.7%
ROE	30.3%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €48k · 4.1% Current assets €1.12M · 95.9%

Equity & liabilities

Equity €722k · 61.9% Debt €443k · 38.1%

Full annual accounts (23 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.16M
Fixed assets	21/28	€48k
Tangible fixed assets	22/27	€22k
Financial fixed assets	28	€26k
Current assets	29/58	€1.12M
Stocks & contracts in progress	3	€704k
Amounts receivable within one year	40/41	€148k
Cash & bank	54/58	€265k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.16M
Equity	10/15	€722k
Contributions / capital	10/11	€12k
Reserves	13	€610k
Accumulated profits (losses)	14	€100k
Amounts payable	17/49	€443k
Amounts payable within one year	42/48	€443k
Trade debts payable within one year	44	€41k
Income statement
Gross operating margin	9900	€805k
Operating result	9901	€341k
Financial charges	65	€11k
Result before taxes	9903	€330k
Income taxes	67/77	€111k
Net result for the period	9904	€218k
Result to be appropriated	9905	€218k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

96 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Directors

Directors & mandates

2 directors

4 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.

Current directors & mandates

ALLARD Charlotte Olivia Anne Benedicte Cecile Ghislaine
Director
State Gazette act 23486490 (28-12-2023)

Current
28-12-2023 → present
COURTOIS Philippe
Director
State Gazette act 23486490 (28-12-2023)

Current
28-12-2023 → present

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	Detailhandel in fietsen(47632)
Legal form	Private limited company(610)
Incorporation	12-02-2019
Status	Active
Postal code	1040

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

4 companies at this address See who is registered here

Establishment units

1 location

VELOPHIL

Keltenlaan 12, 1040 EtterbeekDetailhandel in fietsen in gespecialiseerde winkels

since 20192.285.632.279

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area514 m²

Buildings1

Building footprint448 m²

Volume (LiDAR)5,114 m³

Tallest building26.1 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

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.

Brussels 1 (100%)