What does VEL - OIL do?

VEL - OIL is a petrol station in Lummen. Public Limited, started on 22 June 1998, 20 establishments.

What is the address of VEL - OIL?

The registered office of VEL - OIL is located at Lindekensveld 5 box 1.1, 3560 Lummen.

Is VEL - OIL still active?

Yes. According to the CBE (30 October 2026) VEL - OIL is active, legal situation “Normale toestand”, started on 22 June 1998.

Is VEL - OIL registered on Peppol?

Yes, VEL - OIL is registered on the Peppol network with ID 0208:0463616052.

What is the enterprise number of VEL - OIL?

The enterprise number of VEL - OIL is BE0463616052.

When was VEL - OIL founded?

VEL - OIL was founded on 22 June 1998.

Who are the directors of VEL - OIL?

According to the 2025 annual accounts, the directors of VEL - OIL are: Erik Aaftink, Sven Van den Branden.

Is VEL - OIL a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 22 June 1998; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account; 20 establishments in the CBE.

How much profit did VEL - OIL make in 2025?

VEL - OIL posted a profit after taxes of € 1,469,582 in financial year 2025.

What is the revenue of VEL - OIL?

In its most recent annual accounts (2025), VEL - OIL reported revenue of € 39,554,633.

How much does an employee at VEL - OIL earn?

The average wage cost per full-time employee at VEL - OIL was € 78,100 in 2024: staff costs of € 78,106 for 1 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does VEL - OIL have?

According to the 2025 annual accounts, VEL - OIL has 0.9 full-time equivalents (FTE).

VEL - OIL (Public Limited) - Lummen - BE0463616052

Dossier VEL - OIL, printed on 30 October 2026 from databakkes.be/en/0463616052/vel-oil. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

VEL - OIL from Lummen, company number BE0463616052, closed financial year 2025 with a result of € 1.5 million after tax. For that financial year VEL - OIL recorded revenue of € 39.6 million and equity of € 12.5 million. Compared with financial year 2024, the result moved from € 1.3 million to € 1.5 million. Profitable, and profit is growing. 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 May 20, 2026.

What it is worth Growing

€ 12.5 million

▲ 13% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 1.5 million

▲ 17% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 555,068

▼ 74% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 12.3 million.

People and assets in 2025

Full-time equivalents

0.9

▼ 0.1 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 893,751 in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 73,226

▼ 6% vs 2024

Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 20,445

▼ 22% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 1.2 million

▼ 37% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 11 days on average.

Taxes and wages

€ 18,094

▼ 23% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 43,218,295 Revenue 2022: € 43,218,295 First fiscal year in the series	€ 38,828,821 Revenue 2023: € 38,828,821 ▼ 10% vs 2022 (€ 43,218,295) Unfavourable step	€ 39,742,172 Revenue 2024: € 39,742,172 ▲ 2% vs 2023 (€ 38,828,821) Favourable step	€ 39,554,633 Revenue 2025: € 39,554,633 Unchanged (€ 39,742,172) Unfavourable step
Profit after taxes	€ 1,623,889 Profit after taxes 2022: € 1,623,889 First fiscal year in the series	€ 1,416,172 Profit after taxes 2023: € 1,416,172 ▼ 13% vs 2022 (€ 1,623,889) Unfavourable step	€ 1,252,787 Profit after taxes 2024: € 1,252,787 ▼ 12% vs 2023 (€ 1,416,172) Unfavourable step	€ 1,469,582 Profit after taxes 2025: € 1,469,582 ▲ 17% vs 2024 (€ 1,252,787) Favourable step	▲ 17%
Equity	€ 8,381,770 Equity 2022: € 8,381,770 First fiscal year in the series	€ 9,797,943 Equity 2023: € 9,797,943 ▲ 17% vs 2022 (€ 8,381,770) Favourable step	€ 11,050,729 Equity 2024: € 11,050,729 ▲ 13% vs 2023 (€ 9,797,943) Favourable step	€ 12,520,312 Equity 2025: € 12,520,312 ▲ 13% vs 2024 (€ 11,050,729) Favourable step	▲ 13%
Total debts	€ 1,170,912 Total debts 2022: € 1,170,912 First fiscal year in the series	€ 1,845,747 Total debts 2023: € 1,845,747 ▲ 58% vs 2022 (€ 1,170,912) Unfavourable step	€ 1,871,466 Total debts 2024: € 1,871,466 ▲ 1% vs 2023 (€ 1,845,747) Unfavourable step	€ 1,178,628 Total debts 2025: € 1,178,628 ▼ 37% vs 2024 (€ 1,871,466) Favourable step	▼ 37%
Cash	€ 602,231 Cash 2022: € 602,231 First fiscal year in the series	€ 4,390,015 Cash 2023: € 4,390,015 ▲ € 3.8 million vs 2022 (€ 602,231) Favourable step	€ 2,124,629 Cash 2024: € 2,124,629 ▼ 52% vs 2023 (€ 4,390,015) Unfavourable step	€ 555,068 Cash 2025: € 555,068 ▼ 74% vs 2024 (€ 2,124,629) Unfavourable step	▼ 74%
Land & buildings	€ 1,996,743 Land & buildings 2022: € 1,996,743 First fiscal year in the series	€ 1,954,847 Land & buildings 2023: € 1,954,847 ▼ 2% vs 2022 (€ 1,996,743) Unchanged	€ 2,257,142 Land & buildings 2024: € 2,257,142 ▲ 15% vs 2023 (€ 1,954,847) Unchanged	€ 1,864,799 Land & buildings 2025: € 1,864,799 ▼ 17% vs 2024 (€ 2,257,142) Unchanged	▼ 17%
Retained profit	€ 8,170,770 Retained profit 2022: € 8,170,770 First fiscal year in the series	€ 9,586,943 Retained profit 2023: € 9,586,943 ▲ 17% vs 2022 (€ 8,170,770) Favourable step	€ 10,839,729 Retained profit 2024: € 10,839,729 ▲ 13% vs 2023 (€ 9,586,943) Favourable step	€ 12,309,312 Retained profit 2025: € 12,309,312 ▲ 14% vs 2024 (€ 10,839,729) Favourable step	▲ 14%
Balance sheet total	€ 9,552,682 Balance sheet total 2022: € 9,552,682 First fiscal year in the series	€ 11,643,690 Balance sheet total 2023: € 11,643,690 ▲ 22% vs 2022 (€ 9,552,682) Unchanged	€ 12,922,196 Balance sheet total 2024: € 12,922,196 ▲ 11% vs 2023 (€ 11,643,690) Unchanged	€ 13,698,940 Balance sheet total 2025: € 13,698,940 ▲ 6% vs 2024 (€ 12,922,196) Unchanged	▲ 6%
Employees (FTE)	1 Employees (FTE) 2022: 1 First fiscal year in the series	1 Employees (FTE) 2023: 1 Unchanged (1) Unchanged	1 Employees (FTE) 2024: 1 Unchanged (1) Unchanged	0.9 Employees (FTE) 2025: 0.9 ▼ 0.1 vs 2024 (1) Unchanged	▼ 0.1

Key figures of VEL - OIL, fiscal years 2022 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 VEL - OIL?

What happened at VEL - OIL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

May 20, 2026 New annual accounts for financial year 2025: profit of € 1.5 million (▲ 17% vs 2024). Source: NBB ↗
2025 Erik Aaftink became a director. NBB
Sep 20, 2013 New establishment in Vorselaar. KBO
Sep 20, 2013 New establishment in Westerlo. KBO
Sep 20, 2013 New establishment in Zandhoven. KBO
Sep 20, 2013 New establishment in Lille. KBO
Sep 20, 2013 New establishment in Mol. KBO
Sep 20, 2013 New establishment in Mol. KBO

In short

From € 1.6 million profit in 2022 to € 1.5 million profit in 2025.

Paid € 2 million in corporate taxes since 2022.

Best year ever: 2022, with € 1.6 million profit.

Pays suppliers within 11 days on average.

Original PDFs at the National Bank ↗

Management

Erik Aaftink

Sven Van den Branden

VEL - OIL

Enviem Retail France SAS 100%

Behind VEL - OIL are Erik Aaftink and Sven Van den Branden. It owns 100% of Enviem Retail France SAS itself.

Directors

According to the 2025 annual accounts

Erik Aaftink

Managing director

Also active at: IMMO JOLNIE, SPINDLETOP

since 2025

Sven Van den Branden

Director

Also active at: SPINDLETOP, Demarol België

Establishments

Establishment units

Physical locations of this company

Registered office

Lindekensveld 5 box 1.1

3560 Lummen

2.087.548.282

Geelseweg 78

2250 Olen

Active since 2 July 1998

2.223.581.676

Sassenhout 21A

2290 Vorselaar