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 14 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
VELSA from Lokeren, company number BE0736830509, closed financial year 2025 with a result of € 51,872 after tax. For that financial year VELSA recorded a gross margin of € 129,581 and equity of € 433,831. Compared with financial year 2024, the result moved from € 77,757 to € 51,872. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 433,831
▲ 14% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 51,872
▼ 33% vs 2024
Profit after tax over the fiscal year.
€ 5,990
▼ 71% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 431,831.
Debts at end 2025
€ 795,978
▼ 14% vs 2024
€ 80,004 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 30,530
▲ € 29,977 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 69,445
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 147,704 | € 147,156 | € 138,190 | € 129,581 | ▼ 6% |
| Profit after taxes | € 112,775 | € 86,408 | € 77,757 | € 51,872 | ▼ 33% |
| Equity | € 232,854 | € 314,875 | € 381,959 | € 433,831 | ▲ 14% |
| Total debts | € 1,132,768 | € 1,077,066 | € 993,443 | € 924,953 | ▼ 7% |
| Cash | € 6,736 | € 7,301 | € 20,710 | € 5,990 | ▼ 71% |
| Retained profit | € 230,854 | € 312,875 | € 379,959 | € 431,831 | ▲ 14% |
| Dividend | € 0 | € 4,387 | € 10,673 | € 0 | ▼ 100% |
| Bank debt | € 1,049,990 | € 969,986 | € 923,281 | € 795,978 | ▼ 14% |
| Balance sheet total | € 1,365,622 | € 1,391,941 | € 1,375,402 | € 1,358,784 | ▼ 1% |
Key figures of VELSA, 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 VELSA?
What happened at VELSA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 51,872 (▼ 33% vs 2024). filed late Source: NBB ↗
- New establishment in Lokeren. KBO
- Start of the company according to the CBE. KBO
In short
From € 112,775 profit in 2022 to € 51,872 profit in 2025.
Paid € 122,242 in corporate taxes since 2022.
Best year ever: 2022, with € 112,775 profit.
Paid out € 15,060 in dividends to the owners in total.
A new publication or filing at VELSA? We notify you, reason included.
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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
Behind VELSA are Hakki Gürbüzer, Aykut Gürbüzer and Joris Boone. It owns 100% of Rentag itself.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Kruinstraat 8A
9160 Lokeren
Kruinstraat 8 box A
9160 Lokeren
Active since 28 October 2019
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
DNS
Cloudflare DNS
Website info
Features
Security
Details
- Company number
- 0736.830.509
- VAT number
- BE 0736.830.509
- Registered office
- Kruinstraat 8A, 9160 Lokeren
- Names & denominations
- VELSA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 October 2019
- Peppol
- Active · Active since 3 Apr 2025
- Contact
- givana.be
- Activities · NACE
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