VOLDHO
ActiveSummary
VOLDHO has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €320k and a net result of €49k. Equity is growing by ~23.8% per year across the filed fiscal years. Its solvency ranks better than 61% of 10407 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+2
Solvency72▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity ample (current ratio 3.18 against 2.17 in 2024; short-term debt: 14.7% and cash: 15.7% of total assets), but 52.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
47.3%
Return on assets
7.3%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 22-09-2025, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 d early
2024
on the day
2023
4 d early
2022
32 d early
2021
31 d early
2020
6 d late
2019
8 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€320k▲ 11.9%
2024 · €286k
2019: €66klowest in 7 years
2020: €84k▲ +28.0% vs 2019
2021: €142k▲ +69.0% vs 2020
2022: €194k▲ +35.9% vs 2021
2023: €271k▲ +40.0% vs 2022
2024: €286k▲ +5.5% vs 2023
2025: €320k▲ +11.9% vs 2024highest in 7 years
2019 → 2025
Total assets
€677k▼ 10.8%
2024 · €759k
2019: €325k
2020: €271k▼ -16.6% vs 2019lowest in 7 years
2021: €502k▲ +85.0% vs 2020
2022: €677k▲ +34.9% vs 2021
2023: €731k▲ +8.0% vs 2022
2024: €759k▲ +3.9% vs 2023highest in 7 years
2025: €677k▼ -10.8% vs 2024
2019 → 2025
Net result
€49k▲ 9.3%
2024 · €45k
2019: €36k
2020: €18k▼ -48.7% vs 2019lowest in 7 years
2021: €58k▲ +216% vs 2020
2022: €53k▼ -9.4% vs 2021
2023: €77k▲ +46.9% vs 2022highest in 7 years
2024: €45k▼ -41.9% vs 2023
2025: €49k▲ +9.3% vs 2024
2019 → 2025
Working capital
€216k▲ 8.3%
2024 · €200k
2019: €39klowest in 7 years
2020: €49k▲ +25.7% vs 2019
2021: €94k▲ +91.8% vs 2020
2022: €151k▲ +59.8% vs 2021
2023: €170k▲ +12.7% vs 2022
2024: €200k▲ +17.6% vs 2023
2025: €216k▲ +8.3% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€142k-€194k▲ 35.9%€271k▲ 40.0%€286k▲ 5.5%€320k▲ 11.9%
2021: €142klowest in 5 years
2022: €194k▲ +35.9% vs 2021
2023: €271k▲ +40.0% vs 2022
2024: €286k▲ +5.5% vs 2023
2025: €320k▲ +11.9% vs 2024highest in 5 years
Operating result€83k-€77k▼ 7.6%€111k▲ 45.0%€73k▼ 34.3%€80k▲ 9.6%
2021: €83k
2022: €77k▼ -7.6% vs 2021
2023: €111k▲ +45.0% vs 2022highest in 5 years
2024: €73k▼ -34.3% vs 2023lowest in 5 years
2025: €80k▲ +9.6% vs 2024
Net result€58k-€53k▼ 9.4%€77k▲ 46.9%€45k▼ 41.9%€49k▲ 9.3%
2021: €58k
2022: €53k▼ -9.4% vs 2021
2023: €77k▲ +46.9% vs 2022highest in 5 years
2024: €45k▼ -41.9% vs 2023lowest in 5 years
2025: €49k▲ +9.3% 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 recovers in 2025; 2025 is 10% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €677k
Fixed assets
€361k ▼ 7.1%
Current assets
€316k ▼ 14.8%
Equity and liabilities €677k
Equity
€320k ▲ 11.9%
Debt
€357k ▼ 24.6%
Debt's share of the balance-sheet total falls from 62.3% to 52.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€109k▲
2024 · €103k
Cash flow
€78k▲
2024 · €74k
Current ratio
3.18▲
2024 · 2.17
Quick ratio
1.98▲
2024 · 1.52
Debt to equity
1.11▼
2024 · 1.65
ROE
15.3%▼
2024 · 15.7%
ROA
7.3%▲
2024 · 5.9%
Interest coverage
8.85▲
2024 · 8.32
Debt ≤ 1 year
€99k▼
2024 · €171k
Debt > 1 year
€257k▼
2024 · €303k
Income taxes
€23k▲
2024 · €21k
Staff costs
€117k▼
2024 · €137k
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 · 59 lines
Balance sheet
Code20242025
Assets
Total assets20/58€759k€677k▼
Fixed assets21/28€389k€361k▼
Tangible fixed assets22/27€386k€359k▼
Land and buildings22€334k€317k▼
Plant, machinery and equipment23€51k€40k▼
Furniture and vehicles24€2k€2k▲
Financial fixed assets28€2k€2k=
Current assets29/58€370k€316k▼
Stocks and contracts in progress3€112k€119k▲
Stocks30/36€112k€119k▲
Amounts receivable within one year40/41€81k€49k▼
Trade receivables40€1k€968▼
Other amounts receivable41€80k€48k▼
Current investments50/53€29k€29k=
Cash at bank and in hand54/58€140k€106k▼
Deferred charges and accrued income490/1€7k€12k▲
Equity and liabilities
Total equity and liabilities10/49€759k€677k▼
Equity10/15€286k€320k▲
Contributions10/11€75k€75k=
Reserves13€149k€183k▲
Non-distributable reserves130/1€29k€29k=
Own shares acquired1312€29k€29k=
Distributable reserves133€120k€154k▲
Profit (loss) carried forward14€62k€62k=
Amounts payable17/49€473k€357k▼
Amounts payable after more than one year17€303k€257k▼
Financial debts170/4€303k€257k▼
Amounts payable within one year42/48€171k€99k▼
Current portion of amounts payable after more than one year42€44k€45k▲
Financial debts43€23k€24k▲
Credit institutions430/8€20k€21k▲
Other loans439€3k€3k=
Trade debts44€56k€3k▼
Suppliers440/4€56k€3k▼
Taxes, remuneration and social security45€19k€12k▼
Taxes450/3€4k€64▼
Remuneration and social security454/9€15k€12k▼
Other amounts payable47/48€29k€15k▼
Income statement
Code20242025
Remuneration, social security and pensions62€137k€117k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€29k▼
Other operating charges640/8€9k€11k▲
Gross operating margin9900€248k€237k▼
Operating profit (loss)9901€73k€80k▲
Financial income75/76B€5k€4k▼
Recurring financial income75€5k€4k▼
Financial charges65/66B€12k€12k=
Recurring financial charges65€12k€12k=
Profit (loss) for the period before taxes9903€65k€72k▲
Income taxes67/77€21k€23k▲
Profit (loss) for the period9904€45k€49k▲
Profit (loss) for the period to be appropriated9905€45k€49k▲
Appropriation of the result
Profit (loss) to be appropriated9906€107k€111k▲
Profit (loss) brought forward from the previous period14P€62k€62k=
Transfer from equity791/2€30k€15k▼
Transfer to equity691/2€45k€49k▲
To other reserves6921€45k€49k▲
Profit to be distributed694/7€30k€15k▼
Return on contributions (dividend)694€30k€15k▼
Social balance
Average headcount (FTE)90873.74.8▲
The notes to these accounts (20 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €100k | €91k | €137k | €117k | ▼ 14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €44k | €38k | €29k | €29k | €29k | ▼ 1.9% |
| Other operating charges640/8 | - | €10k | €9k | €9k | €11k | ▲ 29.1% |
| Gross operating margin9900 | €220k | €224k | €240k | €248k | €237k | ▼ 4.4% |
| Operating profit (loss)9901 | €83k | €77k | €111k | €73k | €80k | ▲ 9.6% |
| Financial income75/76B | - | €2k | €2k | €5k | €4k | ▼ 18.9% |
| Recurring financial income75 | €669 | €2k | €2k | €5k | €4k | ▼ 18.9% |
| Financial charges65/66B | - | €9k | €11k | €12k | €12k | = |
| Recurring financial charges65 | €6k | €9k | €11k | €12k | €12k | = |
| Profit (loss) for the period before taxes9903 | €78k | €70k | €102k | €65k | €72k | ▲ 9.4% |
| Income taxes67/77 | €20k | €17k | €25k | €21k | €23k | ▲ 9.7% |
| Profit (loss) for the period9904 | €58k | €53k | €77k | €45k | €49k | ▲ 9.3% |
| Profit (loss) for the period to be appropriated9905 | €58k | €53k | €77k | €45k | €49k | ▲ 9.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €502k | €677k | €731k | €759k | €677k | ▼ 10.8% |
| Fixed assets21/28 | €291k | €376k | €416k | €389k | €361k | ▼ 7.1% |
| Tangible fixed assets22/27 | €289k | €374k | €414k | €386k | €359k | ▼ 7.1% |
| Land and buildings22 | - | €360k | €351k | €334k | €317k | ▼ 5.1% |
| Plant, machinery and equipment23 | - | €11k | €61k | €51k | €40k | ▼ 21.0% |
| Furniture and vehicles24 | - | €3k | €2k | €2k | €2k | ▲ 6.7% |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €210k | €301k | €315k | €370k | €316k | ▼ 14.8% |
| Stocks and contracts in progress3 | €92k | €102k | €110k | €112k | €119k | ▲ 6.2% |
| Stocks30/36 | - | €102k | €110k | €112k | €119k | ▲ 6.2% |
| Amounts receivable within one year40/41 | €3k | €55k | €59k | €81k | €49k | ▼ 39.8% |
| Trade receivables40 | - | €0 | €23 | €1k | €968 | ▼ 28.6% |
| Other amounts receivable41 | - | €55k | €59k | €80k | €48k | ▼ 40.0% |
| Current investments50/53 | - | €29k | €29k | €29k | €29k | = |
| Cash at bank and in hand54/58 | €112k | €106k | €111k | €140k | €106k | ▼ 24.4% |
| Deferred charges and accrued income490/1 | - | €8k | €5k | €7k | €12k | ▲ 68.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €502k | €677k | €731k | €759k | €677k | ▼ 10.8% |
| Equity10/15 | €142k | €194k | €271k | €286k | €320k | ▲ 11.9% |
| Contributions10/11 | - | €75k | €75k | €75k | €75k | = |
| Reserves13 | €60k | €119k | €134k | €149k | €183k | ▲ 22.9% |
| Non-distributable reserves130/1 | - | €29k | €29k | €29k | €29k | = |
| Own shares acquired1312 | - | €29k | €29k | €29k | €29k | = |
| Distributable reserves133 | - | €90k | €105k | €120k | €154k | ▲ 28.4% |
| Profit (loss) carried forward14 | €7k | €-722 | €62k | €62k | €62k | = |
| Amounts payable17/49 | €359k | €483k | €460k | €473k | €357k | ▼ 24.6% |
| Amounts payable after more than one year17 | €243k | €333k | €315k | €303k | €257k | ▼ 14.9% |
| Financial debts170/4 | - | €333k | €315k | €303k | €257k | ▼ 14.9% |
| Amounts payable within one year42/48 | €116k | €150k | €145k | €171k | €99k | ▼ 41.7% |
| Current portion of amounts payable after more than one year42 | - | €57k | €49k | €44k | €45k | ▲ 1.8% |
| Financial debts43 | - | €13k | €13k | €23k | €24k | ▲ 5.0% |
| Credit institutions430/8 | - | €13k | €13k | €20k | €21k | ▲ 5.6% |
| Other loans439 | - | - | - | €3k | €3k | = |
| Trade debts44 | €42k | €62k | €68k | €56k | €3k | ▼ 93.8% |
| Suppliers440/4 | - | €62k | €68k | €56k | €3k | ▼ 93.8% |
| Taxes, remuneration and social security45 | - | €19k | €15k | €19k | €12k | ▼ 37.9% |
| Taxes450/3 | - | €2k | €2k | €4k | €64 | ▼ 98.5% |
| Remuneration and social security454/9 | - | €17k | €14k | €15k | €12k | ▼ 19.7% |
| Other amounts payable47/48 | - | - | - | €29k | €15k | ▼ 47.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €58k | €53k | €77k | €45k | €49k | ▲ 9.3% |
| + Depreciation and write-downs630 | €44k | €38k | €29k | €29k | €29k | ▼ 1.9% |
| Operating cash flow (approximation) | €103k | €90k | €106k | €74k | €78k | ▲ 4.9% |
| Investment in fixed assets (approximation) | - | €-122k | €-69k | €-2k | €-1k | ▲ 40.3% |
| Change in cash | - | €-6k | €5k | €29k | €-34k | ▼ 218% |
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
2025
22-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Highest result since 2019net €77k ▲46.9%
Operating result €111k, net result €77k, both a record.
31-03
Financial
Equity above €200kEq €271k ▲40%
5 profitable years in a row build equity to €271k.
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Equity above €150kEq €194k ▲35.9%
4 profitable years in a row build equity to €194k.
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Equity above €100kEq €142k ▲69%
3 profitable years in a row build equity to €142k.
2020
06-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 6 days late
31-03
Financial
Weakest financial yearnet €18k ▼48.7%
Net result drops to €18k, the lowest in the series; recovery starts the following year.
2019
08-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 8 days late
Show earlier events
2018
02-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
12-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
29-08
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 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Gavere · 1 establishment unit since 2012
Ground area
3,609 m²
Building footprint
1,357 m²
Volume, LiDAR
6,428 m³
2 parcels, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
VOLDHO
since 20122.209.552.409
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44003A0234/00K000 | Flanders | 2,466 m² | 1 · 804 m² | 5.0 m · 1 fl. |
| 44003A0305/00M000 | Flanders | 1,143 m² | 1 · 552 m² | 9.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 6 entries · 7,675 EUR awarded · 7,974 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 3,987 EUR | 3,987 EUR |
| 2024 | 3 | 3,688 EUR | 3,688 EUR |
| 2023 | 1 | 0 EUR | 299 EUR |
Schemes
Hinderpremie bij openbare werken
Vlaams opleidingsverlof (VOV)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteGavere2.209.552.409
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,851. 3,701 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
Founded08-05-2012
Fiscal year end31-03
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
47221Retail sale of meat and meat products, excluding game and poultry
47241Retail sale of bread and pastry (bakery outlets)
47260Retail trade
47621Retail sale of newspapers and periodicals
92000Gambling and betting activities
Scores and ratios are computed by Checked and are not a credit decision.