VEZELS
ActiveVEZELS has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-3k) and a net result of €-20k. Equity is shrinking by ~4% per year across the filed fiscal years. Its solvency ranks better than 19% of 11185 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
22
/ 100
Critical▼ -44 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+35
Solvency44▲+10
Growth32▼-20
Stability100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.0 against 1.47 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
-2.6%
Return on assets
-20.3%
Age of the figures
11 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
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · 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 2025Equity per financial year
18202122232425
2018 to 2025 · latest year -€3k
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 26-05-2026, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
26 d late
2024
6 d early
2023
27 d early
2022
22 d late
2021
3 d early
2020
31 d late
2018
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-3k
2024 · €17k
2018: €12k
2020: €19k
2021: €16k
2022: €13k
2023: €15k
2024: €17k
2018 → 2025
Total assets
€97k▲ 2.9%
2024 · €94k
2018: €24k
2020: €22k
2021: €20k
2022: €16k
2023: €72k
2024: €94k
2018 → 2025
Net result
€-20k
2024 · €2k
2018: €4k
2020: €3k
2021: €-1k
2022: €-3k
2023: €2k
2024: €2k
2018 → 2025
Working capital
€110▼ 99.6%
2024 · €25k
2018: €12k
2020: €18k
2021: €16k
2022: €14k
2023: €21k
2024: €25k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€16k-€13k▼ 18.4%€15k▲ 13.4%€17k▲ 15.1%€-3k
Operating result€-1k-€-1k▼ 20.3%€-2k▼ 56.9%€3k€-17k
Net result€-1k-€-3k▼ 177%€2k€2k▲ 27.4%€-20k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €17k after €3k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €94k
Fixed assets
€8k▼ 20.9%
Current assets
€86k▲ 8.6%
Key figures and ratios
EBITDA
€-13k▼
2024 · €5k
Cash flow
€-16k▼
2024 · €4k
Solvency
-2.6%▼
2024 · 18.2%
Current ratio
1.00▼
2024 · 1.47
Quick ratio
0.26▼
2024 · 0.31
Debt / equity
-39.72▼
2024 · 4.49
ROE
785.0%▲
2024 · 13.1%
ROA
-20.3%▼
2024 · 2.4%
Interest coverage
-4.29▼
2024 · 21.58
Debt
€100k▲
2024 · €77k
Debt ≤ 1 year
€86k▲
2024 · €54k
Debt > 1 year
€14k▼
2024 · €23k
Income taxes
€0▼
2024 · €1k
Staff costs
€37k▲
2024 · €33k
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€94k€97k▲
Formation expenses20€5k€3k▼
Fixed assets21/28€10k€8k▼
Tangible fixed assets22/27€10k€8k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€5k€4k▼
Other tangible fixed assets26€3k€2k▼
Current assets29/58€79k€86k▲
Stocks and contracts in progress3€63k€63k▲
Stocks30/36€63k€63k▲
Amounts receivable within one year40/41€16k€13k▼
Trade receivables40€4k€4k▲
Other amounts receivable41€12k€9k▼
Cash at bank and in hand54/58€490€9k▲
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€94k€97k▲
Equity10/15€17k€-3k▼
Contributions10/11€6k€6k=
Reserves13€11k€7k▼
Distributable reserves133€11k€7k▼
Profit (loss) carried forward14-€-16k
Amounts payable17/49€77k€100k▲
Amounts payable after more than one year17€23k€14k▼
Financial debts170/4€23k€14k▼
Amounts payable within one year42/48€54k€86k▲
Current portion of amounts payable after more than one year42-€18k
Trade debts44€16k€22k▲
Suppliers440/4€16k€22k▲
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€28k€35k▲
Taxes450/3€10k€7k▼
Remuneration and social security454/9€19k€28k▲
Other amounts payable47/48€10k€11k▲
Income statement
Code20242025
Remuneration, social security and pensions62€33k€37k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€4k▲
Other operating charges640/8€2k€652▼
Gross operating margin9900€40k€25k▼
Operating profit (loss)9901€3k€-17k▼
Financial income75/76B€165€0▼
Recurring financial income75€165€0▼
Non-recurring financial income76B€0-
Financial charges65/66B€227€3k▲
Recurring financial charges65€227€3k▲
Profit (loss) for the period before taxes9903€3k€-20k▼
Income taxes67/77€1k€0▼
Profit (loss) for the period9904€2k€-20k▼
Profit (loss) for the period to be appropriated9905€2k€-20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2k€-20k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2-€4k
Transfer to equity691/2€2k€0▼
To other reserves6921€2k€0▼
The notes to these accounts (7 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
26-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
30-09
Financial
Weakest financial yearnet €-20k ▼976%
Net result drops to €-20k, the lowest in the series.
24-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
22-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
27-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-09
Financial
Liquidity triplescurrent ratio 6.90
Current ratio from 2.03 to 6.90; short-term debt falls from €11k to €3k.
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2023
Aendenboom Guido
CurrentDirector · since 03-03-2023
03-03-2023
Appointed as Director
Location & real-estate footprint
Registered office, Stabroek · 2 establishment units since 2016
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.
Kleine Molenweg 2202940 StabroekGround area
2.3 ha
Building footprint
1.1 ha
Volume, LiDAR
63,594 m³
2 parcels, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
VEZELS
since 20162.255.745.193
VEZELS
since 20232.342.502.686
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11682F0048/00S017 | Flanders | 2.2 ha | 1 · 1.1 ha | 9.2 m · 2 fl. |
| 11044C0448/00W000 | Flanders | 1,091 m² | 1 · 208 m² | 7.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
SOPHIS
BE 0859.703.773
Antwerpen · Eq €17k
SOCOM TRADING
BE 0894.528.060
Ath · Eq €18k
LORINE GOLD
BE 0730.668.039
Machelen (Brab.) · Eq €19k
S & L
BE 0784.605.581
Anderlecht · Eq €14k
An Group Textiles
BE 0801.545.048
Temse · Eq €22k
Of 235 companies in sector 46419 we hold annual accounts for 129. 75 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-08-2016
Fiscal year end30-09
Activities, NACEBEL
46419Wholesale trade
47513Retail trade
47519Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.