V.O.C.S.
ActiveSummary
V.O.C.S. has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €175k and a net result of €89k. Equity is growing by ~6% per year across the filed fiscal years. Its solvency ranks better than 77% of 968 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency99▲+33
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity short (current ratio 0.89 against 0.62 in 2024; short-term debt: 25.7% and cash: 8.9% of total assets), and 25.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
74.3%
Return on assets
37.8%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-04-2026, 101 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
101 d early
2024
27 d early
2023
21 d early
2022
31 d early
2021
6 d early
2020
36 d early
2019
11 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€175k▲ 40.0%
2024 · €125k
2018: €88k
2019: €124k▲ +41.1% vs 2018
2020: €97k▼ -22.2% vs 2019
2021: €97k● 0.0% vs 2020
2022: €113k▲ +17.1% vs 2021
2023: €86k▼ -24.1% vs 2022lowest in 8 years
2024: €125k▲ +45.5% vs 2023
2025: €175k▲ +40.0% vs 2024highest in 8 years
2018 → 2025
Total assets
€236k▼ 22.0%
2024 · €302k
2018: €142k
2019: €140k▼ -1.7% vs 2018
2020: €139k▼ -0.4% vs 2019lowest in 8 years
2021: €152k▲ +8.9% vs 2020
2022: €179k▲ +18.0% vs 2021
2023: €207k▲ +15.6% vs 2022
2024: €302k▲ +45.9% vs 2023highest in 8 years
2025: €236k▼ -22.0% vs 2024
2018 → 2025
Net result
€89k▼ 52.9%
2024 · €189k
2018: €30k
2019: €37k▲ +24.2% vs 2018
2020: €26k▼ -28.9% vs 2019lowest in 8 years
2021: €41k▲ +56.8% vs 2020
2022: €77k▲ +86.0% vs 2021
2023: €102k▲ +33.1% vs 2022
2024: €189k▲ +85.4% vs 2023highest in 8 years
2025: €89k▼ -52.9% vs 2024
2018 → 2025
Working capital
€-7k▲ 90.1%
2024 · €-68k
2018: €48k
2019: €89k▲ +84.8% vs 2018highest in 8 years
2020: €65k▼ -26.6% vs 2019
2021: €71k▲ +8.9% vs 2020
2022: €-24k▼ -134% vs 2021
2023: €-58k▼ -140% vs 2022
2024: €-68k▼ -15.7% vs 2023lowest in 8 years
2025: €-7k▲ +90.1% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€97k-€113k▲ 17.1%€86k▼ 24.1%€125k▲ 45.5%€175k▲ 40.0%
2021: €97k
2022: €113k▲ +17.1% vs 2021
2023: €86k▼ -24.1% vs 2022lowest in 5 years
2024: €125k▲ +45.5% vs 2023
2025: €175k▲ +40.0% vs 2024highest in 5 years
Operating result€53k-€96k▲ 83.5%€139k▲ 44.4%€219k▲ 57.5%€126k▼ 42.7%
2021: €53klowest in 5 years
2022: €96k▲ +83.5% vs 2021
2023: €139k▲ +44.4% vs 2022
2024: €219k▲ +57.5% vs 2023highest in 5 years
2025: €126k▼ -42.7% vs 2024
Net result€41k-€77k▲ 86.0%€102k▲ 33.1%€189k▲ 85.4%€89k▼ 52.9%
2021: €41klowest in 5 years
2022: €77k▲ +86.0% vs 2021
2023: €102k▲ +33.1% vs 2022
2024: €189k▲ +85.4% vs 2023highest in 5 years
2025: €89k▼ -52.9% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 43% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €236k
Fixed assets
€182k ▼ 5.6%
Current assets
€54k ▼ 50.8%
Equity and liabilities €236k
Equity
€175k ▲ 40.0%
Debt
€61k ▼ 65.8%
Debt's share of the balance-sheet total falls from 58.6% to 25.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€139k▼
2024 · €230k
Cash flow
€102k▼
2024 · €199k
Current ratio
0.89▲
2024 · 0.62
Debt to equity
0.35▼
2024 · 1.42
ROE
50.9%▼
2024 · 151.3%
ROA
37.8%▼
2024 · 62.6%
Interest coverage
36.94▼
2024 · 228.27
Debt ≤ 1 year
€61k▼
2024 · €177k
Income taxes
€33k▼
2024 · €55k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€302k€236k▼
Fixed assets21/28€193k€182k▼
Tangible fixed assets22/27€55k€44k▼
Plant, machinery and equipment23€2k€4k▲
Furniture and vehicles24€47k€36k▼
Other tangible fixed assets26€6k€5k▼
Financial fixed assets28€138k€138k=
Current assets29/58€110k€54k▼
Amounts receivable within one year40/41€2k€25k▲
Trade receivables40€2k€23k▲
Other amounts receivable41€207€2k▲
Current investments50/53-€487
Cash at bank and in hand54/58€99k€21k▼
Deferred charges and accrued income490/1€9k€7k▼
Equity and liabilities
Total equity and liabilities10/49€302k€236k▼
Equity10/15€125k€175k▲
Contributions10/11€19k€19k=
Reserves13€106k€156k▲
Distributable reserves133€106k€156k▲
Amounts payable17/49€177k€61k▼
Amounts payable within one year42/48€177k€61k▼
Trade debts44€4k€1k▼
Suppliers440/4€4k€1k▼
Taxes, remuneration and social security45€10k€12k▲
Taxes450/3€10k€12k▲
Other amounts payable47/48€163k€48k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€13k▲
Other operating charges640/8€632€684▲
Gross operating margin9900€230k€139k▼
Operating profit (loss)9901€219k€126k▼
Financial income75/76B€26k-
Recurring financial income75€26k-
Financial charges65/66B€1k€4k▲
Recurring financial charges65€1k€4k▲
Profit (loss) for the period before taxes9903€245k€122k▼
Income taxes67/77€55k€33k▼
Profit (loss) for the period9904€189k€89k▼
Profit (loss) for the period to be appropriated9905€189k€89k▼
Appropriation of the result
Profit (loss) to be appropriated9906€189k€89k▼
Transfer from equity791/2-€39k
Transfer to equity691/2€39k€89k▲
To other reserves6921€39k€89k▲
Profit to be distributed694/7€150k€39k▼
Return on contributions (dividend)694€150k€39k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €383 | €770 | €10k | €13k | ▲ 26.0% |
| Other operating charges640/8 | €1k | €926 | €746 | €632 | €684 | ▲ 8.3% |
| Gross operating margin9900 | €60k | €98k | €141k | €230k | €139k | ▼ 39.5% |
| Operating profit (loss)9901 | €53k | €96k | €139k | €219k | €126k | ▼ 42.7% |
| Financial income75/76B | €2k | €11k | €715 | €26k | - | - |
| Recurring financial income75 | €2k | €11k | €715 | €26k | - | - |
| Financial charges65/66B | €793 | €755 | €1k | €1k | €4k | ▲ 273% |
| Recurring financial charges65 | €793 | €755 | €1k | €1k | €4k | ▲ 273% |
| Profit (loss) for the period before taxes9903 | €54k | €107k | €139k | €245k | €122k | ▼ 50.2% |
| Income taxes67/77 | €13k | €30k | €37k | €55k | €33k | ▼ 41.0% |
| Profit (loss) for the period9904 | €41k | €77k | €102k | €189k | €89k | ▼ 52.9% |
| Profit (loss) for the period to be appropriated9905 | €41k | €77k | €102k | €189k | €89k | ▼ 52.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €152k | €179k | €207k | €302k | €236k | ▼ 22.0% |
| Fixed assets21/28 | €25k | €138k | €144k | €193k | €182k | ▼ 5.6% |
| Tangible fixed assets22/27 | €401 | €18 | €7k | €55k | €44k | ▼ 19.7% |
| Plant, machinery and equipment23 | - | - | - | €2k | €4k | ▲ 59.7% |
| Furniture and vehicles24 | €401 | €18 | - | €47k | €36k | ▼ 23.8% |
| Other tangible fixed assets26 | - | - | €7k | €6k | €5k | ▼ 18.9% |
| Financial fixed assets28 | €25k | €138k | €138k | €138k | €138k | = |
| Current assets29/58 | €127k | €42k | €63k | €110k | €54k | ▼ 50.8% |
| Amounts receivable within one year40/41 | €57k | €2k | €4k | €2k | €25k | ▲ 1,231% |
| Trade receivables40 | €15k | €1k | €3k | €2k | €23k | ▲ 1,252% |
| Other amounts receivable41 | €42k | €1k | €921 | €207 | €2k | ▲ 1,057% |
| Current investments50/53 | - | - | - | - | €487 | - |
| Cash at bank and in hand54/58 | €67k | €29k | €49k | €99k | €21k | ▼ 78.8% |
| Deferred charges and accrued income490/1 | €3k | €11k | €10k | €9k | €7k | ▼ 21.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €152k | €179k | €207k | €302k | €236k | ▼ 22.0% |
| Equity10/15 | €97k | €113k | €86k | €125k | €175k | ▲ 40.0% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €78k | €95k | €67k | €106k | €156k | ▲ 47.0% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €76k | €93k | €67k | €106k | €156k | ▲ 47.0% |
| Amounts payable17/49 | €55k | €66k | €121k | €177k | €61k | ▼ 65.8% |
| Amounts payable within one year42/48 | €55k | €66k | €121k | €177k | €61k | ▼ 65.8% |
| Trade debts44 | €1k | €2k | €3k | €4k | €1k | ▼ 68.8% |
| Suppliers440/4 | €1k | €2k | €3k | €4k | €1k | ▼ 68.8% |
| Taxes, remuneration and social security45 | €4k | €17k | €7k | €10k | €12k | ▲ 12.8% |
| Taxes450/3 | €4k | €17k | €7k | €10k | €12k | ▲ 12.8% |
| Other amounts payable47/48 | €49k | €48k | €111k | €163k | €48k | ▼ 70.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €41k | €77k | €102k | €189k | €89k | ▼ 52.9% |
| + Depreciation and write-downs630 | €6k | €383 | €770 | €10k | €13k | ▲ 26.0% |
| Operating cash flow (approximation) | €47k | €77k | €103k | €199k | €102k | ▼ 48.8% |
| Investment in fixed assets (approximation) | - | €-113k | €-8k | €-59k | €-2k | ▲ 96.4% |
| Change in cash | - | €-39k | €20k | €50k | €-78k | ▼ 256% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €150kEq €175k ▲40%
8 profitable years in a row build equity to €175k.
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €189k ▲85.4%
Operating result €219k, net result €189k, both a record.
31-12
Financial
Equity above €100kEq €125k ▲45.5%
7 profitable years in a row build equity to €125k.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €113k ▲17.1%
5 profitable years in a row build equity to €113k.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €26k ▼28.9%
Net result drops to €26k, the lowest in the series; recovery starts the following year.
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
31-12
Financial
Liquidity quadruplescurrent ratio 7.57
Current ratio from 2.03 to 7.57; short-term debt falls from €47k to €14k.
31-12
Financial
Equity above €100kEq €124k ▲41.1%
2 profitable years in a row build equity to €124k.
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Wuustwezel · 1 establishment unit since 2015
Ground area
543 m²
Building footprint
147 m²
Volume, LiDAR
536 m³
Parcel 11053C0470/00T002, Flanders · tallest building 5.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
V.O.C.S.
since 20152.241.493.420
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11053C0470/00T002 | Flanders | 542 m² | 1 · 147 m² | 5.3 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Luik Natie Forwarding
BE 0448.793.066
Beveren · Eq €175,057
CLASQUIN BELGIUM
BE 0764.600.817
Tournai · Eq €174,506
FP TRANS EXPRESS
BE 0842.013.349
Sint-Agatha-Berchem · Eq €176,123
DRANKENCENTRALE DECUYPERE
BE 0870.845.313
Harelbeke · Eq €176,213
YARUPTRA
BE 0838.770.183
Merelbeke-Melle · Eq €176,633
Of 3,188 companies in sector 52250 we hold annual accounts for 1,954. 1,447 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-04-2015
Fiscal year end31-12
Activities, NACEBEL 2025
52250Logistics services
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.