Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 46 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
VELTIOS from Glabbeek, company number BE0685945495, closed financial year 2025 with a result of € 83,941 after tax. For that financial year VELTIOS recorded a gross margin of € 146,762 and equity of € 79,593. Compared with financial year 2024, the result moved from € 64,146 to € 83,941. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 24, 2025.
€ 79,593
▲ 84% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 83,941
▲ 31% vs 2024
Profit after tax over the fiscal year.
€ 92,710
▲ 162% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 47,500 paid out
57 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 33,257
▲ € 31,957 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 328,796
▼ 19% vs 2024
€ 38,180 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 6,991
▲ 227% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 136,280 | € 92,238 | € 121,800 | € 146,762 | ▲ 20% |
| Profit after taxes | € 63,464 | € 32,402 | € 64,146 | € 83,941 | ▲ 31% |
| Equity | € 71,258 | € 43,152 | € 43,152 | € 79,593 | ▲ 84% |
| Total debts | € 513,867 | € 528,865 | € 640,840 | € 546,918 | ▼ 15% |
| Cash | € 13,974 | € 1,391 | € 35,375 | € 92,710 | ▲ 162% |
| Land & buildings | € 529,916 | € 503,589 | € 484,524 | € 457,701 | ▼ 6% |
| Retained profit | € 52,658 | € 24,552 | € 24,552 | € 60,993 | ▲ 148% |
| Dividend | € 45,000 | € 60,508 | € 64,146 | € 47,500 | ▼ 26% |
| Bank debt | € 470,091 | € 457,299 | € 408,343 | € 328,796 | ▼ 19% |
| Balance sheet total | € 585,125 | € 572,016 | € 683,992 | € 626,511 | ▼ 8% |
Key figures of VELTIOS, 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 October 2026.
What happened to VELTIOS?
What happened at VELTIOS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 83,941 (▲ 31% vs 2024). Source: NBB ↗
- Els Goossens became a director. NBB
- New establishment in Glabbeek. KBO
- Start of the company according to the CBE. KBO
In short
From € 63,464 profit in 2022 to € 83,941 profit in 2025.
Paid € 69,002 in corporate taxes since 2022.
Best year ever: 2025, with € 83,941 profit.
Paid out € 217,154 in dividends to the owners in total.
Management
Behind VELTIOS are Jan Billen and Els Goossens. It owns 45% of ADSCENDO itself.
Directors
According to the 2025 annual accounts
Els Goossens
Director
since 2024
Establishments
Establishment units
Physical locations of this company
Vissenakensesteenweg 17 box A
3380 Glabbeek
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0685.945.495
- VAT number
- BE 0685.945.495
- Registered office
- Vissenakensesteenweg 17 bus A, 3380 Glabbeek
- Names & denominations
- VELTIOS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 December 2017
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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