VELVET CONCEPT
ActiveSummary
The computed 12-month bankruptcy probability of VELVET CONCEPT is 4.6% (elevated). The 2025 annual accounts show negative equity (€-17k) and a net result of €2k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 17% of 13305 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
39
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69▲+69
Solvency0▼-8
Growth32=
Track record100
Bankruptcy probability, 12 months
4.6%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.48 against 0.79 in 2024; short-term debt: 131.7% and cash: 48.7% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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 · 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 2025Solvency, return and age of the figures
Solvency
-32.5%
Return on assets
3.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 13305 sector peers (2025).
NBB · sector comparisonPosition among 13305 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
22 d early
2024
7 d early
2023
57 d late
2022
29 d late
2021
52 d late
2020
207 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-17k▲ 9.2%
2024 · €-18k
2020: €14k
2021: €64k
2022: €48k
2023: €48k
2024: €-18k
2020 → 2025
Total assets
€51k▼ 52.6%
2024 · €108k
2020: €73k
2021: €107k
2022: €112k
2023: €157k
2024: €108k
2020 → 2025
Net result
€2k
2024 · €-66k
2020: €8k
2021: €50k
2022: €-16k
2023: €-21
2024: €-66k
2020 → 2025
Working capital
€-35k▼ 30.2%
2024 · €-27k
2020: €22k
2021: €58k
2022: €33k
2023: €36k
2024: €-27k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€64k-€48k▼ 24.8%€48k=€-18k€-17k▲ 9.2%
Operating result€58k-€-14k€3k€-63k€3k
Net result€50k-€-16k€-21▲ 99.9%€-66k▼ 321,124%€2k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €3k after a loss of €63k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €51k
Fixed assets
€18k ▲ 121%
Current assets
€33k ▼ 67.2%
Key figures and ratios
EBITDA
€5k▲
2024 · €-59k
Cash flow
€4k▲
2024 · €-63k
Solvency
-32.5%▼
2024 · -17.0%
Current ratio
0.48▼
2024 · 0.79
Quick ratio
0.45▼
2024 · 0.77
Debt to equity
-4.08▲
2024 · -6.90
ROA
3.3%▲
2024 · -61.5%
Interest coverage
5.55▲
2024 · -15.22
Debt
€68k▼
2024 · €126k
Debt ≤ 1 year
€67k▼
2024 · €126k
Staff costs
€26k▲
2024 · €18k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€108k€51k▼
Formation expenses20€0-
Fixed assets21/28€8k€18k▲
Tangible fixed assets22/27€8k€18k▲
Plant, machinery and equipment23€0€2k▲
Furniture and vehicles24€1k€520▼
Other tangible fixed assets26€7k€15k▲
Financial fixed assets28€363€363=
Current assets29/58€100k€33k▼
Stocks and contracts in progress3€3k€3k▲
Stocks30/36€3k€3k▲
Amounts receivable within one year40/41€92k€5k▼
Trade receivables40€82k€0▼
Other amounts receivable41€11k€5k▼
Cash at bank and in hand54/58€5k€25k▲
Equity and liabilities
Total equity and liabilities10/49€108k€51k▼
Equity10/15€-18k€-17k▲
Contributions10/11€6k€6k=
Profit (loss) carried forward14€-24k€-23k▲
Amounts payable17/49€126k€68k▼
Amounts payable within one year42/48€126k€67k▼
Trade debts44€106k€42k▼
Suppliers440/4€106k€42k▼
Taxes, remuneration and social security45€6k€7k▲
Taxes450/3€5k€6k▲
Remuneration and social security454/9€1k€2k▲
Other amounts payable47/48€14k€18k▲
Accrued charges and deferred income492/3-€400
Income statement
Code20242025
Remuneration, social security and pensions62€18k€26k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€3k▼
Other operating charges640/8€9k€16k▲
Gross operating margin9900€-32k€47k▲
Operating profit (loss)9901€-63k€3k▲
Financial income75/76B€6€80▲
Recurring financial income75€6€80▲
Financial charges65/66B€4k€922▼
Recurring financial charges65€4k€922▼
Profit (loss) for the period before taxes9903€-66k€2k▲
Profit (loss) for the period9904€-66k€2k▲
Profit (loss) for the period to be appropriated9905€-66k€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-24k€-23k▲
Profit (loss) brought forward from the previous period14P€42k€-24k▼
The notes to these accounts (12 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
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €2k
Net result €2k after 3 loss-making years.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-66k
Net result drops to €-66k, the lowest in the series; recovery starts the following year.
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 57 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
21-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 52 days late
23-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 207 days late
2021
31-12
Financial
Highest result since 2020net €50k ▲535%
Operating result €58k, net result €50k, both a record.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Mouscron · 1 establishment unit since 2019
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.
Marktplein 287700 MouscronGround area
277 m²
Building footprint
90 m²
Volume, LiDAR
1,280 m³
Parcel 54432C0049/00M000, Wallonia · tallest building 17.9 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
VELVET CONCEPT
since 20192.290.696.273
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54432C0049/00M000 | Wallonia | 277 m² | 1 · 90 m² | 17.9 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteMouscron/Moeskroen2.290.696.273
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Of 20,493 companies in sector 56111 we hold annual accounts for 11,461. 9,825 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-03-2019
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56301Cafés and bars
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.