VOLTRON
ActiveVOLTRON has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €189k and a net result of €25k. Equity is shrinking by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 75% of 9017 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
100
/ 100
Excellent▲ +48 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability66▲+66
Solvency100=
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 3.18 against 3.73 in 2023), and 31.6% of the assets are financed with debt.
Credit advice 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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-05-2025, 77 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
77 d early
2023
21 d late
2022
28 d early
2021
29 d late
2020
342 d late
2019
60 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€189k▲ 15.2%
2023 · €164k
2018: €218k
2019: €229k
2020: €234k
2021: €199k
2022: €209k
2023: €164k
2018 → 2024
Total assets
€276k▲ 16.7%
2023 · €237k
2018: €369k
2019: €433k
2020: €302k
2021: €537k
2022: €442k
2023: €237k
2018 → 2024
Net result
€25k
2023 · €-45k
2018: €10k
2019: €10k
2020: €5k
2021: €-35k
2022: €10k
2023: €-45k
2018 → 2024
Working capital
€173k▲ 15.5%
2023 · €150k
2018: €196k
2019: €213k
2020: €224k
2021: €448k
2022: €227k
2023: €150k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€234k-€199k▼ 14.9%€209k▲ 5.0%€164k▼ 21.4%€189k▲ 15.2%
Operating result€11k-€-32k€13k€-39k€30k
Net result€5k-€-35k€10k€-45k€25k
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 returns to profit in 2024: €30k after a loss of €39k in 2023, the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €276k
Fixed assets
€23k▼ 26.1%
Current assets
€253k▲ 23.3%
Equity and liabilities €276k
Equity
€189k▲ 15.2%
Debt
€87k▲ 20.3%
The debt ratio rises from 30.6% to 31.6%: debt grows faster than equity.
Key figures and ratios
EBITDA
€38k▲
2023 · €-23k
Cash flow
€33k▲
2023 · €-29k
Solvency
68.4%▼
2023 · 69.4%
Current ratio
3.18▼
2023 · 3.73
Quick ratio
2.09▲
2023 · 1.36
Debt / equity
0.46▲
2023 · 0.44
ROE
13.2%▲
2023 · -27.2%
ROA
9.0%▲
2023 · -18.9%
Interest coverage
7.73▲
2023 · -4.08
Debt
€87k▲
2023 · €72k
Debt ≤ 1 year
€80k▲
2023 · €55k
Debt > 1 year
€8k▼
2023 · €17k
Income taxes
€830▲
2023 · €207
Staff costs
€81k▼
2023 · €83k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€237k€276k▲
Fixed assets21/28€31k€23k▼
Intangible fixed assets21€334€279▼
Tangible fixed assets22/27€31k€23k▼
Furniture and vehicles24€31k€23k▼
Current assets29/58€205k€253k▲
Stocks and contracts in progress3€131k€86k▼
Stocks30/36€131k€86k▼
Amounts receivable within one year40/41€29k€148k▲
Trade receivables40€29k€148k▲
Cash at bank and in hand54/58€46k€4k▼
Deferred charges and accrued income490/1-€15k
Equity and liabilities
Total equity and liabilities10/49€237k€276k▲
Equity10/15€164k€189k▲
Contributions10/11€199k€199k=
Outside capital11€199k-
Share premium1100/10€162k-
Other1109/19€37k-
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k-
Reserves not available under the articles1311-€2k
Profit (loss) carried forward14€-36k€-11k▲
Amounts payable17/49€72k€87k▲
Amounts payable after more than one year17€17k€8k▼
Financial debts170/4€17k€8k▼
Amounts payable within one year42/48€55k€80k▲
Current portion of amounts payable after more than one year42€22k€10k▼
Trade debts44€5k€33k▲
Suppliers440/4€5k€33k▲
Taxes, remuneration and social security45€28k€36k▲
Taxes450/3€16k€26k▲
Remuneration and social security454/9€13k€10k▼
Income statement
Code20232024
Remuneration, social security and pensions62€83k€81k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€8k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€21k€17k▼
Other operating charges640/8€1k€717▼
Gross operating margin9900€82k€136k▲
Operating profit (loss)9901€-39k€30k▲
Financial income75/76B€273€511▲
Recurring financial income75€273€511▲
Financial charges65/66B€6k€5k▼
Recurring financial charges65€6k€5k▼
Profit (loss) for the period before taxes9903€-44k€26k▲
Income taxes67/77€207€830▲
Profit (loss) for the period9904€-45k€25k▲
Profit (loss) for the period to be appropriated9905€-45k€25k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-36k€-11k▲
Profit (loss) brought forward from the previous period14P€9k€-36k▼
Social balance
Average headcount (FTE)9087-1.0
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
13-08
State Gazette act
Registered officeBoard meeting · Registered-office move2 facts ▸
State Gazette act
Registered office
Board meeting · Registered-office move2 facts ▸
- Board meeting, 01/07/2026
- Registered-office move, Waterhoennest 53, 8501 Bissegem
2025
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €25k
Net result €25k after one loss-making year.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
31-12
Financial
Weakest financial yearnet €-45k ▼547%
Net result drops to €-45k, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
31-12
Financial
Equity above €200kEq €209k ▲5%
Equity rises from €199k to €209k.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 342 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 5.44
Current ratio from 2.21 to 5.44; short-term debt falls from €176k to €50k.
01-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
01-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 32 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
2016
26-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 57 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2025
Didier Glorieux
CurrentDirector · since 26-05-2025
26-05-2025
Didier Glorieux: Appointed as Director
01-04-2025
Andries Busschaert: Resigned as Director
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 2014
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.
Waterhoennest(Bis) 538501 KortrijkGround area
1.6 ha
Building footprint
2,942 m²
Volume, LiDAR
13,225 m³
2 parcels, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LEDHANDEL
since 20142.236.004.804
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23086A0676/00G000 | Flanders | 1.4 ha | 1 · 2,672 m² | 8.1 m · 2 fl. |
| 34007A0154/00A002 | Flanders | 1,046 m² | 1 · 271 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
549300G3N2X4R3M4SX76
Similar companies · same sector, comparable size
A LED VISION
BE 0832.742.327
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IMPOLES
BE 0834.316.695
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PHONALYSE
BE 0475.820.236
Zaventem · Eq €182k
Dickson General Engineering
BE 0455.109.647
Vorst · Eq €198k
LICHT + VORM
BE 0870.863.426
Jabbeke · Eq €203k
Of 266 companies in sector 46474 we hold annual accounts for 180. 134 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-09-2014
Fiscal year end31-12
Activities, NACEBEL
46474Wholesale trade
47512Retail sale of household textiles and bedding
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.