Veltec
0461.951.513 · rovalta.com · 22/09/2026
ACTIVE
Veltec
Financial year 2025 · closed on 31/12/2025
Net result
39 k €
+104.4% YoY
Gross margin
3,9 M €
+32.0% YoY
Equity
717,2 k €
+5.8% YoY
Workforce
40,3 ETP
-7.8% YoY
Overview
What does Veltec do?
Veltec is a Public limited company incorporated in 1997. Its main activity is: Manufacture of central heating radiators and boilers. Its registered office is in Kapellen. It employs on average 40,3 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0461.951.513
Incorporation
21/11/1997
Legal form
Public limited company
Registered office
Starrenhoflaan 13
2950 Kapellen · FlandreSee on map
2950 Kapellen · FlandreSee on map
Contributed capital
1 325 000,00 €
Latest accounts
31/12/2025
Average workforce
40,3 ETP
Activities (NACE)
25210Manufacture of central heating radiators and boilers· main25300Manufacture of steam generators, except central heating hot water boilers28300Manufacture of agricultural and forestry machinery71121Engineering activities and related technical consultancy71121Engineering activities and related technical consultancy74203Photographic activities+6
Joint committees (2)
- 111
- 209
Signals
ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Financials
Trend over 19 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||
| Gross margin | 3,9 M € | +32.0% | 3 M € | -13.3% | 3,4 M € | +24.4% | 2,8 M € | +0.9% | 2,7 M € | +17.2% | 2,3 M € | -18.4% | 2,9 M € | – | – | – | – | – | – | – | – | – | – | – | – | ||||||||||||
| EBITDA | 580,1 k € | +231% | -443,1 k € | -284% | 241 k € | -43.4% | 425,7 k € | +6.4% | 400,3 k € | +0.7% | 397,3 k € | +1.0% | 393,3 k € | -17.2% | 475,2 k € | -10.4% | 530,3 k € | +433% | -159,3 k € | +94.4% | -2,8 M € | +43.3% | -5 M € | -231% | -1,5 M € | -181% | -537 k € | +32.9% | -800,9 k € | -999% | 89,1 k € | -89.7% | 866,5 k € | -57.6% | 2 M € | +1722% | 112 k € |
| Operating result | 177,6 k € | +123% | -770,4 k € | -24632% | 3,1 k € | -96.6% | 91,2 k € | -2.8% | 93,8 k € | +11.7% | 84 k € | -7.6% | 90,8 k € | -31.5% | 132,6 k € | +16.0% | 114,3 k € | +120% | -566 k € | +82.5% | -3,2 M € | +39.4% | -5,3 M € | -208% | -1,7 M € | -128% | -760,8 k € | +26.6% | -1 M € | -268% | -281,4 k € | -151% | 555,4 k € | -66.5% | 1,7 M € | +705% | -274,1 k € |
| Net result | 39 k € | +104% | -893 k € | -1023% | -79,5 k € | -266% | 48 k € | +21.2% | 39,6 k € | +26.5% | 31,3 k € | +53.8% | 20,4 k € | +10.6% | 18,4 k € | +20.5% | 15,3 k € | +103% | -578,3 k € | +82.3% | -3,3 M € | +38.4% | -5,3 M € | -197% | -1,8 M € | -126% | -788,8 k € | +29.8% | -1,1 M € | -339% | -256,1 k € | -181% | 317,7 k € | -27.1% | 436 k € | +174% | -586,4 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||
| Equity | 717,2 k € | +5.8% | 678,2 k € | -42.1% | 1,2 M € | -6.4% | 1,3 M € | +4.0% | 1,2 M € | +3.4% | 1,2 M € | +2.8% | 1,1 M € | +1.8% | 1,1 M € | +1.7% | 1,1 M € | -41.5% | 1,9 M € | -23.6% | 2,4 M € | +504% | 404,9 k € | -41.7% | 694,3 k € | +3.1% | 673,6 k € | -53.9% | 1,5 M € | -43.4% | 2,6 M € | -9.0% | 2,8 M € | +12.6% | 2,5 M € | +20.9% | 2,1 M € |
| Total assets | 4,8 M € | +1.3% | 4,8 M € | +3.1% | 4,6 M € | +17.4% | 3,9 M € | +3.9% | 3,8 M € | -0.4% | 3,8 M € | -6.2% | 4,1 M € | +8.5% | 3,7 M € | -14.4% | 4,4 M € | -13.5% | 5 M € | -3.1% | 5,2 M € | -25.4% | 7 M € | -7.0% | 7,5 M € | +59.3% | 4,7 M € | +45.6% | 3,2 M € | -35.3% | 5 M € | -8.9% | 5,5 M € | -0.4% | 5,5 M € | -15.4% | 6,5 M € |
| Cash | 300,2 k € | -48.7% | 585,4 k € | +204% | 192,7 k € | -82.7% | 1,1 M € | +161% | 425,8 k € | -48.8% | 832,2 k € | +20.3% | 691,9 k € | +56.7% | 441,7 k € | -13.1% | 508 k € | -63.1% | 1,4 M € | +3747% | 35,8 k € | -59.6% | 88,6 k € | +41.0% | 62,8 k € | -25.0% | 83,8 k € | +1036% | 7,4 k € | -92.0% | 91,9 k € | -86.1% | 661,2 k € | +51.8% | 435,5 k € | -36.4% | 685,1 k € |
| Debts | 4,1 M € | +0.4% | 4 M € | +17.2% | 3,4 M € | +30.0% | 2,7 M € | +4.4% | 2,5 M € | -1.9% | 2,6 M € | -9.4% | 2,9 M € | +12.7% | 2,5 M € | -9.3% | 2,8 M € | -4.6% | 2,9 M € | +34.2% | 2,2 M € | -61.5% | 5,7 M € | -11.5% | 6,4 M € | +62.1% | 4 M € | +134% | 1,7 M € | -29.0% | 2,4 M € | -8.4% | 2,6 M € | -11.7% | 2,9 M € | -14.6% | 3,4 M € |
| Other | |||||||||||||||||||||||||||||||||||||
| Workforce | 40,3 ETP | -7.8% | 43,7 ETP | +7.1% | 40,8 ETP | +32.5% | 30,8 ETP | -10.7% | 34,5 ETP | +4.9% | 32,9 ETP | +0.3% | 32,8 ETP | -11.8% | 37,2 ETP | -2.4% | 38,1 ETP | -21.1% | 48,3 ETP | -29.1% | 68,1 ETP | -32.7% | 101,2 ETP | +11.0% | 91,2 ETP | +15.9% | 78,7 ETP | +12.1% | 70,2 ETP | -4.4% | 73,4 ETP | +15.8% | 63,4 ETP | -2.2% | 64,8 ETP | -1.4% | 65,7 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 0 € and 100 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 43 ended
Active mandates
Ludger Kramer
ActiveJörg MARZI
ActiveEnded mandates
Ludger KRAMER
EndedMarkus ASSMANN
EndedMarkus ASSMANN
EndedDirk BOEYKENS
EndedFinancials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model |
| Start of the financial year | 01/01/2025 | 01/01/2024 | 01/01/2023 | 01/01/2022 | 01/01/2021 | 01/01/2020 |
| Closing of the financial year | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 07/05/2026 | 01/04/2025 | 03/04/2024 | 17/05/2023 | 13/06/2022 | 29/03/2021 |
| General meeting | 24/04/2026 | 28/03/2025 | 29/03/2024 | 23/03/2023 | 25/03/2022 | 26/03/2021 |
| Currency of the financial year | EUR | EUR | EUR | EUR | EUR | EUR |
| NBB quality label | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls |
Ratios
Financial ratios
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 24/04/2026 | 07/05/2026 | Dutch | |
| Abridged model | 31/12/2024 | 28/03/2025 | 01/04/2025 | Dutch | |
| Abridged model | 31/12/2023 | 29/03/2024 | 03/04/2024 | Dutch | |
| Abridged model | 31/12/2022 | 23/03/2023 | 17/05/2023 | Dutch | |
| Abridged model | 31/12/2021 | 25/03/2022 | 13/06/2022 | Dutch | |
| Abridged model | 31/12/2020 | 26/03/2021 | 29/03/2021 | Dutch | |
| Abridged model | 31/12/2019 | 03/07/2020 | 03/08/2020 | Dutch | |
| Full model | 31/12/2018 | 29/03/2019 | 04/04/2019 | Dutch | |
| Full model | 31/12/2017 | 30/03/2018 | 19/04/2018 | Dutch | |
| Full model | 31/12/2016 | 31/03/2017 | 27/04/2017 | Dutch | |
| Full model | 30/09/2015 | 18/12/2015 | 27/01/2016 | Dutch | |
| Full model | 30/09/2014 | 19/12/2014 | 26/01/2015 | Dutch | |
| Full model | 30/09/2013 | 20/12/2013 | 20/02/2014 | Dutch | |
| Full model | 30/09/2012 | 21/12/2012 | 08/02/2013 | Dutch | |
| Full model | 30/09/2011 | 16/12/2011 | 08/03/2012 | Dutch | |
| Full model | 30/09/2010 | 17/12/2010 | 23/12/2010 | Dutch | |
| Full model | 30/09/2009 | 31/03/2010 | 21/04/2010 | Dutch | |
| Full model | 30/09/2008 | 09/12/2008 | 02/03/2009 | Dutch | |
| Full model | 31/12/2007 | 06/06/2008 | 07/07/2008 | Dutch | |
| Full model | 31/12/2006 | 11/06/2007 | 22/06/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 0 € and 100 k€
The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 43 ended
Active mandates
Ludger Kramer
ActiveJörg MARZI
ActiveEnded mandates
Ludger KRAMER
EndedMarkus ASSMANN
EndedMarkus ASSMANN
EndedDirk BOEYKENS
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates13/03/2026ONTSLAGEN - BENOEMINGEN
- Capital / shares17/01/2025STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
- Mandates15/02/2023ONTSLAGEN - BENOEMINGEN
- Mandates11/09/2020STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - ONTSLAGEN - BENOEMINGEN
- Mandates03/06/2020ONTSLAGEN - BENOEMINGEN
- Mandates29/03/2019ONTSLAGEN - BENOEMINGEN
- Mandates06/11/2017ONTSLAGEN - BENOEMINGEN
- Other06/02/2017BENAMING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 202539 k €↑
- 2024Annual accounts 2024-893 k €↓
- 2023Annual accounts 2023-79,5 k €↓
- 2022Annual accounts 202248 k €↑
- 2021Annual accounts 202139,6 k €↑
- 2020Annual accounts 202031,3 k €↑
- 2019Annual accounts 201920,4 k €↑
- 2018Annual accounts 201818,4 k €↑
- 2017Annual accounts 201715,3 k €↑
- 2015Annual accounts 2015-578,3 k €↑
- 2014Annual accounts 2014-3,3 M €↑
- 2013Annual accounts 2013-5,3 M €↓
- 2012Annual accounts 2012-1,8 M €↓
- 2011Annual accounts 2011-788,8 k €↑
- 2010Annual accounts 2010-1,1 M €↓
- 2009Annual accounts 2009-256,1 k €↓
- 2008Annual accounts 2008317,7 k €↓
- 2007Annual accounts 2007436 k €↑
- 2006Annual accounts 2006-586,4 k €
- 21/11/1997IncorporationPublic limited company