VENALIS
ActiveSummary
VENALIS has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €332,943 and a net result of €17,351. Equity is growing by ~10% per year across the filed fiscal years. Its solvency ranks better than 16% of 5046 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability39▲+3
Solvency39▲+3
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity short (current ratio 0.94 against 1.0 in 2024; short-term debt: 68.8% and cash: 9.1% of total assets), and 85.5% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
14.5%
Return on assets
0.8%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 5046 sector peers (2025).
NBB · sector comparisonPosition among 5046 sector peers
Solvency
better than 16%
← 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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
29 d late
2023
1 d early
2022
20 d early
2021
16 d early
2020
87 d early
2019
54 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 9 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
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. Usually files around 15 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€17,351▲ 64.6%
2024 · €10,541
Working capital
-€91,178
2024 · €4,884
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€80,686▼ 14.8%€98,545▲ 22.1%€100,343▲ 1.8%€76,696▼ 23.6%€75,736▼ 1.3%
Net result€35,670within the sector's middle half▼ 19.3%€26,194within the sector's middle half▼ 26.6%€27,441within the sector's middle half▲ 4.8%€10,541within the sector's middle half▼ 61.6%€17,351within the sector's middle half▲ 64.6%
Equity€251,416within the sector's middle half▲ 16.5%€277,609within the sector's middle half▲ 10.4%€305,051within the sector's middle half▲ 9.9%€315,592within the sector's middle half▲ 3.5%€332,943below the sector's middle half▲ 5.5%
Total assets€2.1mwithin the sector's middle half▼ 2.1%€2.1mwithin the sector's middle half▲ 0.5%€2.3mwithin the sector's middle half▲ 9.2%€2.8mabove the sector's middle half▲ 24.0%€2.3mwithin the sector's middle half▼ 18.1%
Debt€1.8m▼ 4.2%€1.8m▼ 0.9%€2.0m▲ 9.0%€2.5m▲ 27.2%€2.0m▼ 21.1%
Working capital-€85,250below the sector's middle half▼ 11.9%-€115,420below the sector's middle half▼ 35.4%€74,312within the sector's middle half€4,884below the sector's middle half▼ 93.4%-€91,178below the sector's middle half
Solvency12.2%below the sector's middle half▲ 1.9pp13.4%below the sector's middle half▲ 1.2pp13.4%below the sector's middle half▲ 0.1pp11.2%below the sector's middle half▼ 2.2pp14.5%below the sector's middle half▲ 3.2pp
Current ratio0.94below the sector's middle half▼ 0.010.91below the sector's middle half▼ 0.021.06below the sector's middle half▲ 0.141.00below the sector's middle half▼ 0.050.94below the sector's middle half▼ 0.06
Return on assets (ROA)1.7%within the sector's middle half▼ 0.4pp1.3%within the sector's middle half▼ 0.5pp1.2%within the sector's middle half▼ 0.1pp0.4%within the sector's middle half▼ 0.8pp0.8%within the sector's middle half▲ 0.4pp
Staff (FTE)8.1within the sector's middle half▼ 11.0%6.9within the sector's middle half▼ 14.8%6.3within the sector's middle half▼ 8.7%4.8within the sector's middle half▼ 23.8%5.3within the sector's middle half▲ 10.4%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 1% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.3m
Fixed assets
€810,667 ▼ 1.0%
Current assets
€1.5m ▼ 25.1%
Equity and liabilities €2.3m
Equity
€332,943 ▲ 5.5%
Debt
€2.0m ▼ 21.1%
Debt's share of the balance-sheet total falls from 88.8% to 85.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€117,147▼
2024 · €118,417
Cash flow
€58,762▲
2024 · €52,262
Quick ratio
0.64▼
2024 · 0.66
Debt to equity
5.92▼
2024 · 7.91
ROE
5.2%▲
2024 · 3.3%
Interest coverage
2.29▲
2024 · 1.97
Debt ≤ 1 year
€1.6m▼
2024 · €2.0m
Debt > 1 year
€383,787▼
2024 · €505,228
Income taxes
€11,608▲
2024 · €9,459
Staff costs
€200,258▼
2024 · €208,308
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,980 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 96% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.1%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,980 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €335,902 | €281,978 | €233,899 | €208,308 | €200,258 | ▼ 3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,203 | €30,430 | €33,570 | €41,721 | €41,411 | ▼ 0.7% |
| Other operating charges640/8 | €15,858 | €48,436 | €39,138 | €47,343 | €35,026 | ▼ 26.0% |
| Gross operating margin9900 | €457,649 | €459,389 | €406,950 | €374,068 | €352,431 | ▼ 5.8% |
| Operating profit (loss)9901 | €80,686 | €98,545 | €100,343 | €76,696 | €75,736 | ▼ 1.3% |
| Financial income75/76B | - | - | €19 | €3,391 | €4,441 | ▲ 31.0% |
| Recurring financial income75 | - | - | €19 | €3,391 | €4,441 | ▲ 31.0% |
| Financial charges65/66B | €25,083 | €51,697 | €50,037 | €60,087 | €51,218 | ▼ 14.8% |
| Recurring financial charges65 | €25,083 | €51,697 | €50,037 | €60,087 | €51,218 | ▼ 14.8% |
| Profit (loss) for the period before taxes9903 | €55,603 | €46,848 | €50,325 | €20,000 | €28,959 | ▲ 44.8% |
| Income taxes67/77 | €19,933 | €20,654 | €22,884 | €9,459 | €11,608 | ▲ 22.7% |
| Profit (loss) for the period9904 | €35,670 | €26,194 | €27,441 | €10,541 | €17,351 | ▲ 64.6% |
| Profit (loss) for the period to be appropriated9905 | €35,670 | €26,194 | €27,441 | €10,541 | €17,351 | ▲ 64.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.1m | €2.1m | €2.3m | €2.8m | €2.3m | ▼ 18.1% |
| Fixed assets21/28 | €813,866 | €849,654 | €843,969 | €818,908 | €810,667 | ▼ 1.0% |
| Tangible fixed assets22/27 | €807,616 | €845,904 | €840,219 | €815,158 | €806,917 | ▼ 1.0% |
| Land and buildings22 | €807,201 | €789,499 | €793,298 | €784,580 | €759,010 | ▼ 3.3% |
| Plant, machinery and equipment23 | €415 | - | - | - | €5,984 | - |
| Furniture and vehicles24 | - | €56,405 | €46,921 | €30,578 | €41,923 | ▲ 37.1% |
| Financial fixed assets28 | €6,250 | €3,750 | €3,750 | €3,750 | €3,750 | = |
| Current assets29/58 | €1.3m | €1.2m | €1.4m | €2.0m | €1.5m | ▼ 25.1% |
| Stocks and contracts in progress3 | €421,780 | €186,560 | €408,800 | €676,900 | €485,800 | ▼ 28.2% |
| Stocks30/36 | €421,780 | €186,560 | €408,800 | €676,900 | €485,800 | ▼ 28.2% |
| Amounts receivable within one year40/41 | €763,485 | €844,817 | €996,315 | €1.3m | €796,891 | ▼ 37.5% |
| Trade receivables40 | €690,249 | €701,755 | €870,328 | €1.2m | €791,528 | ▼ 35.8% |
| Other amounts receivable41 | €73,236 | €143,062 | €125,987 | €43,580 | €5,363 | ▼ 87.7% |
| Cash at bank and in hand54/58 | €68,429 | €197,067 | €19,381 | €40,744 | €210,582 | ▲ 417% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.1m | €2.1m | €2.3m | €2.8m | €2.3m | ▼ 18.1% |
| Equity10/15 | €251,416 | €277,609 | €305,051 | €315,592 | €332,943 | ▲ 5.5% |
| Contributions10/11 | €150,000 | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Capital10 | €150,000 | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Issued capital100 | €150,000 | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Reserves13 | €101,416 | €127,609 | €155,051 | €165,592 | €182,943 | ▲ 10.5% |
| Non-distributable reserves130/1 | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Legal reserve130 | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Distributable reserves133 | €86,416 | €112,609 | €140,051 | €150,592 | €167,943 | ▲ 11.5% |
| Amounts payable17/49 | €1.8m | €1.8m | €2.0m | €2.5m | €2.0m | ▼ 21.1% |
| Amounts payable after more than one year17 | €471,819 | €452,778 | €609,355 | €505,228 | €383,787 | ▼ 24.0% |
| Financial debts170/4 | €471,819 | €452,778 | €609,355 | €505,228 | €383,787 | ▼ 24.0% |
| Amounts payable within one year42/48 | €1.3m | €1.3m | €1.4m | €2.0m | €1.6m | ▼ 20.3% |
| Current portion of amounts payable after more than one year42 | €68,706 | €62,193 | €114,636 | €144,263 | €145,441 | ▲ 0.8% |
| Financial debts43 | €500,000 | €500,000 | €500,000 | €500,000 | €500,000 | = |
| Credit institutions430/8 | €500,000 | €500,000 | €500,000 | €500,000 | €500,000 | = |
| Trade debts44 | €297,587 | €521,170 | €575,628 | €1.2m | €561,483 | ▼ 54.3% |
| Suppliers440/4 | €297,587 | €521,170 | €575,628 | €1.2m | €561,483 | ▼ 54.3% |
| Taxes, remuneration and social security45 | €173,334 | €180,330 | €107,564 | €113,967 | €118,962 | ▲ 4.4% |
| Taxes450/3 | €95,037 | €109,817 | €50,547 | €83,490 | €77,059 | ▼ 7.7% |
| Remuneration and social security454/9 | €78,297 | €70,513 | €57,017 | €30,477 | €41,903 | ▲ 37.5% |
| Other amounts payable47/48 | €299,317 | €80,171 | €52,356 | €2,311 | €258,565 | ▲ 11,088% |
| Accrued charges and deferred income492/3 | €5,381 | €3,847 | €3,875 | €2,972 | €2,759 | ▼ 7.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35,670 | €26,194 | €27,441 | €10,541 | €17,351 | ▲ 64.6% |
| + Depreciation and write-downs630 | €25,203 | €30,430 | €33,570 | €41,721 | €41,411 | ▼ 0.7% |
| Operating cash flow (approximation) | €60,873 | €56,624 | €61,011 | €52,262 | €58,762 | ▲ 12.4% |
| Investment in fixed assets (approximation) | - | -€66,218 | -€27,885 | -€16,660 | -€33,170 | ▼ 99.1% |
| Change in cash | - | €128,638 | -€177,686 | €21,363 | €169,838 | ▲ 695% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
05-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €44,216 ▲640%
Net result €44,216, the highest in the series.
31-12
Financial
Equity above €200,000Eq €215,745 ▲25.8%
3 profitable years in a row build equity to €215,745.
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 54 days late
2019
31-12
Financial
Weakest financial yearnet €5,975 ▼44.7%
Net result drops to €5,975, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Roeselare · 2 establishment units since 2004
Ground area
3,615 m²
Building footprint
1,832 m²
Volume, LiDAR
11,899 m³
2 parcels, Flanders · tallest building 20.6 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
VENALIS
since 20042.233.590.690
VENALIS
since 20232.347.431.870
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36502B1248/00C000 | Flanders | 3,268 m² | 1 · 1,191 m² | 7.9 m · 2 fl. |
| 35386D0035/00B004 | Flanders | 347 m² | 1 · 641 m² | 20.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 4,632 EUR awarded · 4,632 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 2,087 EUR | 2,087 EUR |
| 2022 | 1 | 2,545 EUR | 2,545 EUR |
Schemes
Recognitions · licences · registrations
Food safety, FASFC
2 sitesOostende2.347.431.870
Roeselare2.233.590.690
Similar companies · same sector, comparable size
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AX CAPITAL INVEST
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Matrexys
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MANUFACTURE ET SERVICE
BE 0457.917.105
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Of 4,414 companies in sector 46180 we hold annual accounts for 1,892. 1,286 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded05-04-2004
Fiscal year end31-12
Activities, NACEBEL 2025
46180Agents specialised in the wholesale of other particular products
82990Other business support services
46711Wholesale of cars and light vans (up to 3.5 tonnes)
47811Retail sale of cars and light vans (up to 3.5 tonnes)
46712Wholesale trade
47812Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0864526455
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.