VOLGUS
ActiveVOLGUS has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €123k and a net result of €1k. Equity is growing by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 45% of 679 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability6▼-94
Solvency18▼-70
Growth32▼-46
Stability100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days only on tighter terms
Liquidity short (current ratio 0.54 against 2.88 in 2024), and 78.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Sector 55
higher
← fewer bankruptcies
more bankruptcies →
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 15-10-2025, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
79 d early
2023
4 d early
2022
76 d early
2021
45 d early
2020
59 d early
2019
1 d early
← before the deadline
after the deadline →
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 close14-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€123k▼ 78.1%
2024 · €562k
2019: €338k
2020: €395k
2021: €404k
2022: €424k
2023: €501k
2024: €562k
2019 → 2025
Total assets
€575k▼ 55.6%
2024 · €1.30M
2019: €541k
2020: €1.13M
2021: €1.23M
2022: €1.25M
2023: €1.36M
2024: €1.30M
2019 → 2025
Net result
€1k▼ 99.1%
2024 · €153k
2019: €96k
2020: €56k
2021: €25k
2022: €65k
2023: €147k
2024: €153k
2019 → 2025
Working capital
€-46k
2024 · €474k
2019: €354k
2020: €289k
2021: €253k
2022: €306k
2023: €391k
2024: €474k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€404k-€424k▲ 5.1%€501k▲ 18.0%€562k▲ 12.2%€123k▼ 78.1%
Operating result€218k-€221k▲ 1.2%€330k▲ 49.4%€379k▲ 14.9%€7k▼ 98.1%
Net result€25k-€65k▲ 161%€147k▲ 126%€153k▲ 4.3%€1k▼ 99.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 98% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €575k
Fixed assets
€521k▼ 8.5%
Current assets
€55k▼ 92.5%
Equity and liabilities €575k
Equity
€123k▼ 78.1%
Debt
€452k▼ 38.3%
The debt ratio rises from 56.6% to 78.6%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€32k▼
2024 · €429k
Cash flow
€26k▼
2024 · €203k
Solvency
21.4%▼
2024 · 43.4%
Current ratio
0.54▼
2024 · 2.88
Quick ratio
0.54▼
2024 · 2.85
Debt / equity
3.67▲
2024 · 1.30
ROE
1.2%▼
2024 · 27.2%
ROA
0.2%▼
2024 · 11.8%
Interest coverage
6.71▲
2024 · 2.71
Debt
€452k▼
2024 · €733k
Debt ≤ 1 year
€101k▼
2024 · €252k
Debt > 1 year
€352k▼
2024 · €389k
Income taxes
€995▼
2024 · €68k
Staff costs
€5k▼
2024 · €248k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.30M€575k▼
Fixed assets21/28€569k€521k▼
Tangible fixed assets22/27€569k€521k▼
Land and buildings22€530k€510k▼
Plant, machinery and equipment23€11k€8k▼
Furniture and vehicles24€23k€2k▼
Other tangible fixed assets26€5k-
Current assets29/58€726k€55k▼
Stocks and contracts in progress3€7k-
Stocks30/36€7k-
Amounts receivable within one year40/41€497k€31k▼
Trade receivables40€464k€2k▼
Other amounts receivable41€32k€29k▼
Current investments50/53€52k-
Cash at bank and in hand54/58€157k€23k▼
Deferred charges and accrued income490/1€12k€730▼
Equity and liabilities
Total equity and liabilities10/49€1.30M€575k▼
Equity10/15€562k€123k▼
Contributions10/11€19k€5k▼
Reserves13€489k€105k▼
Distributable reserves133€489k€105k▼
Profit (loss) carried forward14€55k€13k▼
Amounts payable17/49€733k€452k▼
Amounts payable after more than one year17€389k€352k▼
Financial debts170/4€389k€352k▼
Amounts payable within one year42/48€252k€101k▼
Current portion of amounts payable after more than one year42€37k€38k▲
Trade debts44€157k€20k▼
Suppliers440/4€157k€20k▼
Taxes, remuneration and social security45€48k-
Taxes450/3€29k-
Remuneration and social security454/9€19k-
Other amounts payable47/48€10k€43k▲
Accrued charges and deferred income492/3€92k-
Income statement
Code20242025
Remuneration, social security and pensions62€248k€5k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€50k€25k▼
Other operating charges640/8€17k€7k▼
Gross operating margin9900€694k€44k▼
Operating profit (loss)9901€379k€7k▼
Financial income75/76B€425-
Recurring financial income75€425-
Financial charges65/66B€158k€5k▼
Recurring financial charges65€158k€5k▼
Profit (loss) for the period before taxes9903€221k€2k▼
Income taxes67/77€68k€995▼
Profit (loss) for the period9904€153k€1k▼
Profit (loss) for the period to be appropriated9905€153k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€153k€16k▼
Profit (loss) brought forward from the previous period14P-€14k
Transfer from equity791/2€92k€25k▼
Transfer to equity691/2€98k€2k▼
To other reserves6921€98k€2k▼
Profit to be distributed694/7€92k€25k▼
Return on contributions (dividend)694€92k€25k▼
Social balance
Average headcount (FTE)90873.6-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
15-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Weakest financial yearnet €1k ▼99.1%
Net result drops to €1k, the lowest in the series.
2024
13-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Highest result since 2019net €153k ▲4.3%
Operating result €379k, net result €153k, both a record.
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Equity above €500kEq €501k ▲18%
5 profitable years in a row build equity to €501k.
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
16-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
02-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
25-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
13-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
18-10
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.
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, Oostende · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Velodroomstraat 438400 OostendeGround area
172 m²
Building footprint
85 m²
Volume, LiDAR
996 m³
Parcel 35386D0041/00Z005, Flanders · tallest building 17.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
VOLGUS
since 20192.295.708.601
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35386D0041/00Z005 | Flanders | 172 m² | 1 · 85 m² | 17.0 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
2022 to 2024 · 3 entries · 10,733 EUR awarded · 10,733 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 4,384 EUR | 4,384 EUR |
| 2023 | 1 | 2,599 EUR | 2,599 EUR |
| 2022 | 1 | 3,750 EUR | 3,750 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteOostende2.295.708.601
Legal Entity Identifier
529900XRPNY7WX3AOS77
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Of 1,849 companies in sector 55204 we hold annual accounts for 444. 357 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-11-2006
Fiscal year end31-03
Activities, NACEBEL
55204Guest rooms (bed and breakfast)
55100Hotels and similar accommodation
55209Other holiday and short-stay accommodation
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:059410440