Veltech Projects

Active

Private limited companyfounded 20206 yrs activePoeierstraat 13, 2490 Balen, BelgiumKBO/BCE: BE 0741.724.950

The computed 12-month bankruptcy probability of Veltech Projects is 3.5% (moderate). The 2025 annual accounts show negative equity (€-21k) and a net result of €-80k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 7673 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

7 / 100

Critical▼ -28 vs 2024

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

Axes · tick = 2024

Profitability100▲+100

Solvency40▼-26

Growth32▼-20

Stability100

Bankruptcy probability, 12 months

3.5% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.79 against 1.48 in 2024), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven 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 43

Relative position

BE, all sectors

reference

Sector 43

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

-23.5%

Return on assets

-88.5%

Age of the figures

8 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

202122232425

2020 to 2025 · latest year -€21k

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.

NBB · 6 filings

Deviation from the deadline

2025

1 d early

2024

1 d early

2023

on the day

2022

21 d late

2021

29 d late

2020

11 d late

← before the deadline after the deadline →

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 months

Position in the running window

12-09-2026 today31-12-2026 close31-07-2027 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

€-21k

2024 · €58k

2020: €15k 2021: €45k 2022: €70k 2023: €96k 2024: €58k

2020 → 2025

Total assets

€90k▼ 45.8%

2024 · €166k

2020: €73k 2021: €117k 2022: €127k 2023: €178k 2024: €166k

2020 → 2025

Net result

€-80k▼ 112%

2024 · €-38k

2020: €10k 2021: €29k 2022: €26k 2023: €26k 2024: €-38k

2020 → 2025

Working capital

€-23k

2024 · €52k

2020: €19k 2021: €38k 2022: €64k 2023: €91k 2024: €52k

2020 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€45k-€70k▲ 57.6%€96k▲ 36.4%€58k▼ 39.1%€-21k

Operating result€44k-€34k▼ 23.4%€40k▲ 17.7%€-30k€-75k▼ 146%

Net result€29k-€26k▼ 12.3%€26k▼ 0.5%€-38k€-80k▼ 112%

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 €75k in 2025 against €30k in 2024; the loss grows and 2025 is the lowest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €90k

97.7%

Fixed assets €2k▼ 68.3%

Current assets €88k▼ 44.9%

Key figures and ratios

2025 value · change against 2024

EBITDA

€-72k▼

2024 · €-29k

Cash flow

€-77k▼

2024 · €-36k

Solvency

-23.5%▼

2024 · 35.2%

Current ratio

0.79▼

2024 · 1.48

Quick ratio

0.33▼

2024 · 0.99

Debt / equity

-5.26▼

2024 · 1.84

ROE

376.5%▲

2024 · -64.2%

ROA

-88.5%▼

2024 · -22.6%

Interest coverage

-15.09▼

2024 · -8.55

Debt

€111k▲

2024 · €108k

Debt ≤ 1 year

€111k▲

2024 · €108k

Staff costs

€158k▼

2024 · €225k

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€166k€90k▼

Fixed assets21/28€7k€2k▼

Tangible fixed assets22/27€7k€2k▼

Land and buildings22€2k€1k▼

Plant, machinery and equipment23€521€249▼

Furniture and vehicles24€4k€354▼

Current assets29/58€159k€88k▼

Stocks and contracts in progress3€53k€51k▼

Stocks30/36€53k€51k▼

Amounts receivable within one year40/41€97k€19k▼

Trade receivables40€54k€5k▼

Other amounts receivable41€43k€14k▼

Cash at bank and in hand54/58€7k€11k▲

Deferred charges and accrued income490/1€2k€7k▲

Equity and liabilities

Total equity and liabilities10/49€166k€90k▼

Equity10/15€58k€-21k▼

Contributions10/11€5k€5k=

Reserves13€91k€91k=

Distributable reserves133€91k€91k=

Profit (loss) carried forward14€-38k€-117k▼

Amounts payable17/49€108k€111k▲

Amounts payable within one year42/48€108k€111k▲

Financial debts43€71k€68k▼

Credit institutions430/8€71k€68k▼

Trade debts44€13k€38k▲

Suppliers440/4€13k€38k▲

Taxes, remuneration and social security45€23k€5k▼

Taxes450/3€3k€181▼

Remuneration and social security454/9€19k€4k▼

Other amounts payable47/48€1k€67▼

Income statement Code20242025

Remuneration, social security and pensions62€225k€158k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€3k▲

Other operating charges640/8€1k€3k▲

Gross operating margin9900€198k€89k▼

Operating profit (loss)9901€-30k€-75k▼

Financial income75/76B€1-

Recurring financial income75€1-

Financial charges65/66B€3k€5k▲

Recurring financial charges65€3k€5k▲

Profit (loss) for the period before taxes9903€-34k€-80k▼

Income taxes67/77€4k-

Profit (loss) for the period9904€-38k€-80k▼

Profit (loss) for the period to be appropriated9905€-38k€-80k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-38k€-117k▼

Profit (loss) brought forward from the previous period14P-€-38k

Social balance

Average headcount (FTE)90873.72.8▼

The notes to these accounts (6 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 8Financial 2Filings 6

Next filing, fiscal year 2026, expected by 31-07-2027

2026

30-07

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

31-12

Financial Weakest financial yearnet €-80k

Net result drops to €-80k, the lowest in the series.

30-07

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-07

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

21-08

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 21 days late

2022

29-08

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 29 days late

2021

31-12

Financial Highest result since 2020net €29k ▲184%

Operating result €44k, net result €29k, both a record.

11-08

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 11 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Balen · 1 establishment unit since 2020

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.

Poeierstraat 132490 Balen

Ground area

2,501 m²

Building footprint

1,056 m²

Volume, LiDAR

1 m³

Parcel 13342B1320/00K006, Flanders · tallest building 0.1 m. Linked by address, not a title deed.

1 establishment unit

Veltech Projects

Poeierstraat 13, 2490 BalenManufacture of fabricated metal products, except machinery and equipment

since 20202.298.599.595

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
13342B1320/00K006	Flanders	2,501 m²	1 · 1,055 m²	0.1 m

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

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Of 9,478 companies in sector 43222 we hold annual accounts for 5,626. 4,638 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded17-01-2020

Fiscal year end31-12

Activities, NACEBEL

43222Installation of electric heating, air conditioning, cooling and ventilation

Sources

Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers

Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.