Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 16.5 to 13.3.
Financials
Financial year 2025
Firma M. Velghe from Avelgem, company number BE0405454654, closed financial year 2025 with a result of € 88,305 after tax. For that financial year Firma M. Velghe recorded a gross margin of € 811,228 and equity of € 1.2 million. Compared with financial year 2024, the result moved from € 148,752 to € 88,305. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 26, 2026.
€ 1.2 million
▲ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 88,305
▼ 41% vs 2024
Profit after tax over the fiscal year.
€ 591,098
▼ 21% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 42,100 paid out
48 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
13.3
▼ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 578,833
▼ 4% vs 2024
€ 43,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 43,171
▼ 36% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 73,642
▼ 44% vs 2024
€ 30,506 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 114,460
▲ € 92,204 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 59,841
▼ 26% vs 2024
Taxes, VAT and social contributions still to pay.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2021 | 2022 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 736,630 | € 789,017 | € 881,091 | € 811,228 | ▼ 8% |
| Profit after taxes | € -4,641 | € 64,111 | € 148,752 | € 88,305 | ▼ 41% |
| Equity | € 851,728 | € 915,839 | € 1,109,644 | € 1,155,849 | ▲ 4% |
| Total debts | € 731,565 | € 797,362 | € 532,104 | € 462,078 | ▼ 13% |
| Cash | € 282,469 | € 387,291 | € 748,379 | € 591,098 | ▼ 21% |
| Land & buildings | € 2,951 | € 1,638 | € 271 | € 0 | ▼ 100% |
| Retained profit | € 108,048 | € 172,159 | € 353,564 | € 399,769 | ▲ 13% |
| Dividend | € 0 | € 0 | € 74,885 | € 42,100 | ▼ 44% |
| Bank debt | € 98,825 | € 215,835 | € 130,485 | € 73,642 | ▼ 44% |
| Balance sheet total | € 1,583,293 | € 1,713,201 | € 1,641,748 | € 1,617,927 | ▼ 1% |
| Employees (FTE) | 15.9 | 16.5 | 13.8 | 13.3 | ▼ 0.5 |
Key figures of Firma M. Velghe, fiscal years 2021 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Firma M. Velghe?
What happened at Firma M. Velghe in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Martine Velghe stepped down as director. NBB
- Maurice Velghe stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 88,305 (▼ 41% vs 2024). filed late Source: NBB ↗
- Martine Velghe became a director. NBB
- Maurice Velghe became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Avelgem. KBO
In short
From € 4,641 loss in 2021 to € 88,305 profit in 2025.
Paid € 90,598 in corporate taxes since 2021.
Best year ever: 2024, with € 148,752 profit.
On average € 61,000 of value added per employee in 2025.
A new publication or filing at Firma M. Velghe? We notify you, reason included.
Follow Firma M. VelgheDatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
Martine Velghe
Director
since 2022 · until 2028
since 2022 · until 2028
Establishments
Establishment units
Physical locations of this company
Doorniksesteenweg 184
8580 Avelgem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0405.454.654
- VAT number
- BE 0405.454.654
- Registered office
- Doorniksesteenweg 184, 8580 Avelgem
- Names & denominations
- Firma M. Velghe · M.V.A.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1968
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Vervaardiging van metalen deuren en vensters
Vervaardiging van metalen ramen, deuren, wanden en dergelijke
Schrijnwerk
Schrijnwerk van hout of van kunststof
Metaalschrijnwerk