VOLTRON
ActiveSummary
VOLTRON has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €181,450 and a net result of -€7,617. Equity is shrinking by about 3.8% per year across the filed financial years. Its solvency ranks better than 81% of 13,692 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Activity
Wholesale trade
NACE 46474
1 site
Size
≈ €310,000turnover 2025, estimated
- Staff
- 1 FTE
- Equity
- €181,450
- Loss
- -€7,617
Turnover estimated from the gross margin
Structure
- Largest shareholder
- ELM - CONSULT · 18.31%
- Didier GLORIEUXDirector
2025 accounts filed 49 days late3 of 9 deeds summarised
Why 88raises risk1 change of registered office in 24 monthsLast filed accounts filed 49 days late; 1 of the last 3 latelowers riskLiquidity: current ratio 4.99, cash €145,430Equity €181,450 (78.2% of total assets)Show the evidence
Checked score
Score 2025
88
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 59% of its sector peers (NACE 46, micro)
Financial strength · tick = 2024
Strong
Solvency
100+7
equity 78.2% of total assets
Liquidity
95+55
short-term debt 18.7% · cash 62.7%
Profitability
25-55
return on assets -3.3%
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.4%
12-2024: 0.4%● unchanged vs 11-2024
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.4%● unchanged vs 06-2025
08-2025: 0.4%● unchanged vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.3%▼ -0.1 percentage points vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.4%▲ +0.1 percentage points vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.3%▼ -0.1 percentage points vs 06-2026
08-2026: 0.7%▲ +0.4 percentage points vs 07-2026
09-2026: 2.0%▲ +1.3 percentage points vs 08-2026highest value
10-2026: 0.3%▼ -1.7 percentage points vs 09-2026lowest value
Credit of up to €15,000 on 30-day terms is acceptable
Liquidity ample (current ratio 4.99, compared with 3.18 in 2024, above the usual 1.5; short-term debt: 18.7% and cash: 62.7% of total assets), and 21.8% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro): better than 90% on solvency, 92% on liquidity, 24% on profitability and 32% on growth.
The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 49 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-09-2026, 49 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
49 days late
2024
77 days early
2023
21 days late
2022
28 days early
2021
29 days late
2020
342 days late
2019
60 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 39 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 22 August (4 of the last 5 filed years within 50 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
31-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · micro…
- Registered officeRegistered-office move · Director in…
- Resignation: Corpora Finance (director)Permanent representative: Andries Busschaert ·…
Financials · financial year 2025, micro format
2025 annual accounts filed late (49 days) Filed on 18 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00516388.
Turnover
≈ €310,000
Estimated: probably between €160,000 and €430,000
Total assets
€231,891▼ 16.1%
2024 · €276,254
Net result
-€7,617
2024 · €24,887
Working capital
€173,429=
2024 · €173,386
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result turns negative in 2025: a loss of €3,805 after €30,172 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€3,805
2025
Net result-€7,617
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€231,891
2025
Equity€181,450
2025
Debt€50,442
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€173,429
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-3.3%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency78.2%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio4.99
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)1
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€14,805-€17,924▲ 21.1%€10,959▼ 38.9%-€32,421€13,034-€39,025€30,172-€3,805
Net result€10,333-€10,472▲ 1.3%€5,219within the sector's middle half▼ 50.2%-€34,886below the sector's middle half€9,996within the sector's middle half-€44,686below the sector's middle half€24,887within the sector's middle half-€7,617below the sector's middle half
Equity€218,064-€228,536▲ 4.8%€233,755above the sector's middle half▲ 2.3%€198,869above the sector's middle half▼ 14.9%€208,865above the sector's middle half▲ 5.0%€164,180within the sector's middle half▼ 21.4%€189,066within the sector's middle half▲ 15.2%€181,450above the sector's middle half▼ 4.0%
Total assets€369,170-€432,692▲ 17.2%€302,037within the sector's middle half▼ 30.2%€536,911above the sector's middle half▲ 77.8%€441,748above the sector's middle half▼ 17.7%€236,665within the sector's middle half▼ 46.4%€276,254below the sector's middle half▲ 16.7%€231,891within the sector's middle half▼ 16.1%
Debt€141,241-€185,193▲ 31.1%€50,374▼ 72.8%€322,436▲ 540%€232,882▼ 27.8%€72,485▼ 68.9%€87,187▲ 20.3%€50,442▼ 42.1%
Working capital€195,850-€212,502▲ 8.5%€223,626above the sector's middle half▲ 5.2%€448,444above the sector's middle half▲ 101%€227,056above the sector's middle half▼ 49.4%€150,166above the sector's middle half▼ 33.9%€173,386within the sector's middle half▲ 15.5%€173,429above the sector's middle half=
Solvency59.1%-52.8%▼ 6.3pp77.4%above the sector's middle half▲ 24.6pp37.0%within the sector's middle half▼ 40.4pp47.3%within the sector's middle half▲ 10.2pp69.4%above the sector's middle half▲ 22.1pp68.4%above the sector's middle half▼ 0.9pp78.2%above the sector's middle half▲ 9.8pp
Current ratio2.64-2.21▼ 0.435.44above the sector's middle half▲ 3.237.10above the sector's middle half▲ 1.662.35within the sector's middle half▼ 4.753.73above the sector's middle half▲ 1.383.18within the sector's middle half▼ 0.554.99above the sector's middle half▲ 1.82
Return on assets (ROA)2.8%-2.4%▼ 0.4pp1.7%within the sector's middle half▼ 0.7pp-6.5%below the sector's middle half▼ 8.2pp2.3%within the sector's middle half▲ 8.8pp-18.9%below the sector's middle half▼ 21.1pp9.0%within the sector's middle half▲ 27.9pp-3.3%within the sector's middle half▼ 12.3pp
Staff (FTE)1-1within the sector's middle half1=1=1=1within the sector's middle half=1=
above
within
below
the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €231,891
Fixed assets
€15,050 ▼ 35.3%
Current assets
€216,841 ▼ 14.3%
Equity and liabilities €231,891
Equity
€181,450 ▼ 4.0%
Debt
€50,442 ▼ 42.1%
Debt's share of the balance-sheet total falls from 31.6% to 21.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€4,415▼
2024 · €38,392
Cash flow
€603▼
2024 · €33,107
Quick ratio
3.44▲
2024 · 2.09
Debt to equity
0.28▼
2024 · 0.46
ROE
-4.2%▼
2024 · 13.2%
Interest coverage
1.24▼
2024 · 7.73
Debt ≤ 1 year
€43,412▼
2024 · €79,597
Income taxes
€1,293▲
2024 · €830
Staff costs
€84,445▲
2024 · €80,679
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,908 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 90.9% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
90.9%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,908 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €58,751 | €64,237 | €66,826 | €82,887 | €80,679 | €84,445 | ▲ 4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,186 | €16,652 | €16,273 | €13,106 | €8,966 | €15,685 | €8,220 | €8,220 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €16,648 | €7,011 | €17,823 | €20,847 | €16,521 | -€9,661 | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | -€1,055 | -€2,302 | -€15,606 | - | - | - | - |
| Other operating charges640/8 | - | - | €811 | €842 | €4,837 | €1,273 | €717 | €445 | ▼ 37.9% |
| Gross operating margin9900 | €88,485 | €109,613 | €102,387 | €50,474 | €95,880 | €81,668 | €136,308 | €79,644 | ▼ 41.6% |
| Operating profit (loss)9901 | €14,805 | €17,924 | €10,959 | -€32,421 | €13,034 | -€39,025 | €30,172 | -€3,805 | - |
| Financial income75/76B | - | - | - | €1,446 | €344 | €273 | €511 | €1,039 | ▲ 103% |
| Recurring financial income75 | €1,007 | - | - | €1,446 | €344 | €273 | €511 | €1,039 | ▲ 103% |
| Financial charges65/66B | - | - | €629 | €3,409 | €3,178 | €5,727 | €4,966 | €3,559 | ▼ 28.3% |
| Recurring financial charges65 | €2,916 | €3,077 | €629 | €3,409 | €3,178 | €5,727 | €4,966 | €3,559 | ▼ 28.3% |
| Profit (loss) for the period before taxes9903 | €12,895 | €14,848 | €10,329 | -€34,384 | €10,200 | -€44,479 | €25,717 | -€6,324 | - |
| Income taxes67/77 | €2,562 | €4,376 | €5,110 | €502 | €204 | €207 | €830 | €1,293 | ▲ 55.8% |
| Profit (loss) for the period9904 | €10,333 | €10,472 | €5,219 | -€34,886 | €9,996 | -€44,686 | €24,887 | -€7,617 | - |
| Profit (loss) for the period to be appropriated9905 | €10,333 | €10,472 | €5,219 | -€34,886 | €9,996 | -€44,686 | €24,887 | -€7,617 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €369,170 | €432,692 | €302,037 | €536,911 | €441,748 | €236,665 | €276,254 | €231,891 | ▼ 16.1% |
| Fixed assets21/28 | €53,635 | €44,310 | €28,037 | €14,931 | €46,786 | €31,490 | €23,270 | €15,050 | ▼ 35.3% |
| Intangible fixed assets21 | €30,000 | €24,000 | €18,000 | €12,000 | €6,000 | €334 | €279 | €223 | ▼ 20.0% |
| Tangible fixed assets22/27 | €23,635 | €20,310 | €10,037 | €2,931 | €40,786 | €31,156 | €22,992 | €14,828 | ▼ 35.5% |
| Plant, machinery and equipment23 | - | - | €500 | - | - | - | - | - | - |
| Furniture and vehicles24 | - | - | €6,650 | €1,006 | €39,823 | €31,156 | €22,992 | €14,828 | ▼ 35.5% |
| Other tangible fixed assets26 | - | - | €2,887 | €1,925 | €962 | - | - | - | - |
| Current assets29/58 | €315,535 | €388,382 | €274,000 | €521,980 | €394,962 | €205,175 | €252,983 | €216,841 | ▼ 14.3% |
| Amounts receivable after more than one year29 | - | - | - | €58,133 | €25,133 | - | - | - | - |
| Other amounts receivable291 | - | - | - | €58,133 | €25,133 | - | - | - | - |
| Stocks and contracts in progress3 | €281,357 | €257,420 | €147,327 | €168,516 | €248,248 | €130,528 | €86,274 | €67,397 | ▼ 21.9% |
| Stocks30/36 | - | - | €147,327 | €168,516 | €248,248 | €130,528 | €86,274 | €67,397 | ▼ 21.9% |
| Amounts receivable within one year40/41 | €23,393 | €70,576 | €18,999 | €271,579 | €52,396 | €28,634 | €147,744 | €4,014 | ▼ 97.3% |
| Trade receivables40 | - | - | €18,999 | €271,579 | €52,396 | €28,634 | €147,744 | €4,014 | ▼ 97.3% |
| Cash at bank and in hand54/58 | €10,785 | €60,386 | €107,674 | €23,753 | €69,185 | €46,014 | €3,965 | €145,430 | ▲ 37× |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €15,000 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €369,170 | €432,692 | €302,037 | €536,911 | €441,748 | €236,665 | €276,254 | €231,891 | ▼ 16.1% |
| Equity10/15 | €218,064 | €228,536 | €233,755 | €198,869 | €208,865 | €164,180 | €189,066 | €181,450 | ▼ 4.0% |
| Contributions10/11 | €198,600 | €198,600 | €198,600 | €198,600 | €198,600 | €198,600 | €198,600 | €198,600 | = |
| Capital10 | - | - | €198,600 | - | - | - | - | - | - |
| Issued capital100 | - | - | €198,600 | - | - | - | - | - | - |
| Contributions outside capital11 | - | - | - | €198,600 | €198,600 | €198,600 | - | - | - |
| Share premium1100/10 | - | - | - | €162,000 | €162,000 | €162,000 | - | - | - |
| Other1109/19 | - | - | - | €36,600 | €36,600 | €36,600 | - | - | - |
| Reserves13 | €868 | €1,391 | €1,652 | €1,652 | €1,652 | €1,652 | €1,652 | €1,652 | = |
| Non-distributable reserves130/1 | - | - | €1,652 | €1,652 | €1,652 | €1,652 | €1,652 | €1,652 | = |
| Legal reserve130 | - | - | €1,652 | €1,652 | €1,652 | €1,652 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | - | - | €1,652 | €1,652 | = |
| Profit (loss) carried forward14 | €18,596 | €28,545 | €33,503 | -€1,383 | €8,613 | -€36,073 | -€11,186 | -€18,803 | ▼ 68.1% |
| Provisions and deferred taxes16 | €9,865 | €18,963 | €17,908 | €15,606 | - | - | - | - | - |
| Provisions for liabilities and charges160/5 | - | - | €17,908 | €15,606 | - | - | - | - | - |
| Other liabilities and charges164/5 | - | - | €17,908 | €15,606 | - | - | - | - | - |
| Amounts payable17/49 | €141,241 | €185,193 | €50,374 | €322,436 | €232,882 | €72,485 | €87,187 | €50,442 | ▼ 42.1% |
| Amounts payable after more than one year17 | €21,556 | €9,313 | - | €142,133 | €64,976 | €17,476 | €7,590 | - | - |
| Financial debts170/4 | - | - | - | €142,133 | €64,976 | €17,476 | €7,590 | - | - |
| Amounts payable within one year42/48 | €119,686 | €175,880 | €50,374 | €73,536 | €167,906 | €55,009 | €79,597 | €43,412 | ▼ 45.5% |
| Current portion of amounts payable after more than one year42 | - | - | €9,297 | €11,974 | €25,800 | €21,674 | €9,878 | €7,590 | ▼ 23.2% |
| Financial debts43 | - | - | - | - | €50,000 | - | - | - | - |
| Credit institutions430/8 | - | - | - | - | €50,000 | - | - | - | - |
| Trade debts44 | €79,352 | €151,850 | €248 | - | €46,821 | €5,004 | €33,341 | €10,091 | ▼ 69.7% |
| Suppliers440/4 | - | - | €248 | - | €46,821 | €5,004 | €33,341 | €10,091 | ▼ 69.7% |
| Taxes, remuneration and social security45 | - | - | €40,829 | €61,562 | €45,285 | €28,330 | €36,379 | €25,731 | ▼ 29.3% |
| Taxes450/3 | - | - | €33,229 | €53,160 | €36,127 | €15,520 | €25,954 | €15,536 | ▼ 40.1% |
| Remuneration and social security454/9 | - | - | €7,600 | €8,402 | €9,158 | €12,810 | €10,425 | €10,195 | ▼ 2.2% |
| Accrued charges and deferred income492/3 | - | - | - | €106,767 | - | - | - | €7,030 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,333 | €10,472 | €5,219 | -€34,886 | €9,996 | -€44,686 | €24,887 | -€7,617 | - |
| + Depreciation and write-downs630 | €15,186 | €16,652 | €16,273 | €13,106 | €8,966 | €15,685 | €8,220 | €8,220 | = |
| Operating cash flow (approximation) | €25,519 | €27,123 | €21,493 | -€21,780 | €18,962 | -€29,000 | €33,107 | €603 | ▼ 98.2% |
| Investment in fixed assets (approximation) | - | -€7,327 | €0 | €0 | -€40,821 | -€390 | €0 | €0 | - |
| Change in cash | - | €49,601 | €47,288 | -€83,921 | €45,432 | -€23,171 | -€42,048 | €141,464 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 18-09-2026 | 2026-00516388 |
| 31-12-2024 | abbreviated format | 15-05-2025 | 2025-00095132 |
| 31-12-2023 | micro format | 21-08-2024 | 2024-00356577 |
| 31-12-2022 | micro format | 03-07-2023 | 2023-00198418 |
| 31-12-2021 | micro format | 29-08-2022 | 2022-20334606 |
| 31-12-2020 | micro format | 08-07-2022 | 2022-20170842 |
| 31-12-2019 | micro format | 01-06-2020 | 2020-13900485 |
| 31-12-2018 | micro format | 30-05-2019 | 2019-15600197 |
| 31-12-2017 | micro format | 01-09-2018 | 2018-61000078 |
| 31-12-2016 | micro format | 28-08-2017 | 2017-49800560 |
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Of the 266 active companies whose main activity is wholesale trade (NACE 46474), figures are known for 187. 137 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
1 director, last change in 2025
Didier GLORIEUX
CurrentDirector · since 25-10-2023
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
6 of this company's 9 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
Mandate history
2 people since 2023, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Didier GLORIEUX |
|
| CORPORA FINANCE |
|
Owners and capital
Owners
9 ownersOwners 9
- Didier Glorieuxnatural personSourceown accounts 201625%
- Andries Busschaertnatural personSourceown accounts 201618.9%
- Jean-Marie Sienaertnatural personSourceown accounts 201618.9%
- Jurgen Vandenbroekenatural personSourceown accounts 201618.9%
-
18.31%
-
18.31%
- Rita Debruynnatural personSourceown accounts 20166.1%
- Sabine Rahenatural personSourceown accounts 20166.1%
- Shirley Devosnatural personSourceown accounts 20166.1%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
Capital over the years
- 25-10-2023 Converted to unavailable equity · €200,252.35
Group and network
Connections & network
1 connected companyThe connected companies are in the list below.
This company
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Shareholding
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Linked via shared directors
TECHNI - CAL
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History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
18-09
NBB filing
Annual accounts filed
financial year 2025 · micro format · 49 days late
13-08
Gazette deed
Registered officeRegistered-office move · Director in office3 facts ▸
Gazette deed
Registered office
Registered-office move · Director in office3 facts ▸
- Board meeting, 01-07-2026
- Registered-office move, Waterhoennest 53,8501 Bissegem
- Director in office, Glorieux Didier (director)
2025
26-05
Gazette deed
Resignation: Corpora Finance (director)Permanent representative: Andries Busschaert · Director discharge5 facts ▸
Gazette deed
Resignation: Corpora Finance (director)
Permanent representative: Andries Busschaert · Director discharge5 facts ▸
- General meeting, 01-04-2025
- Director resignation, Corpora Finance (director)
- Director discharge, Corpora Finance (director)
- Permanent representative, Andries Busschaert (director)
- Director in office, Didier Glorieux (director)
15-05
NBB filing
Annual accounts filed
financial year 2024 · abbreviated format
2024
31-12
Financial
Back to profitnet €24,887
Net result €24,887 after one loss-making year.
21-08
NBB filing
Annual accounts filed
financial year 2023 · micro format · 21 days late
2023
31-12
Financial
Weakest financial yearnet -€44,686
Net result drops to -€44,686, the lowest in the series; recovery starts the following year.
25-10
Gazette deed
Resignations: Didier GLORIEUX (manager) and CORPORA FINANCE (manager)Appointments: Didier GLORIEUX (director) and CORPORA FINANCE (director) · Permanent representative: Andries BUSSCHAERT · Amendment of the articles13 facts ▸
Gazette deed
Resignations: Didier GLORIEUX (manager) and CORPORA FINANCE (manager)
Appointments: Didier GLORIEUX (director) and CORPORA FINANCE (director) · Permanent representative: Andries BUSSCHAERT · Amendment of the articles13 facts ▸
- General meeting, 18-10-2023
- Amendment of the articles (2 times)
- Legal form clause, “behouden, besloten vennootschap (afgekort BV)” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “geldig voor eventuele toekomstige bijstortingen van het deel van het in het verleden geplaatste kapitaal dat op heden nog niet werd gestort en dat werd geboekt…” (deed in Dutch)
- Capital
- Director resignation, Didier GLORIEUX (manager)
- Director resignation, CORPORA FINANCE (manager)
- Director appointment, Didier GLORIEUX (director)
- Director appointment, CORPORA FINANCE (director)
- Permanent representative, Andries BUSSCHAERT
- Power of attorney
- +1 further fact in this act
03-07
NBB filing
Annual accounts filed
financial year 2022 · micro format
2022
31-12
Financial
Back to profitnet €9,996
Net result €9,996 after one loss-making year.
31-12
Financial
Equity above €200,000equity €208,865 ▲5%
Equity rises from €198,869 to €208,865.
29-08
NBB filing
Annual accounts filed
financial year 2021 · micro format · 29 days late
Show earlier events
08-07
NBB filing
Annual accounts filed
financial year 2020 · micro format · 342 days late
2020
31-12
Financial
Liquidity more than doubledcurrent ratio 5.44
Current ratio from 2.21 to 5.44; short-term debt falls from €175,880 to €50,374.
01-06
NBB filing
Annual accounts filed
financial year 2019 · micro format
2019
30-05
NBB filing
Annual accounts filed
financial year 2018 · micro format
2018
01-09
NBB filing
Annual accounts filed
financial year 2017 · micro format · 32 days late
2017
28-08
NBB filing
Annual accounts filed
financial year 2016 · micro format · 28 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 11 annual accounts filed, the latest 10 are here; all 11 are under Financials.
3 of 9 deeds read
About the unread acts
Of the 9 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formPrivate limited company
Founded18-09-2014
Financial year end31-12
Activities, NACEBEL 2025
46474Wholesale trade
47512Retail sale of household textiles and bedding
E-invoicing
Left the Peppol register
Left the register on 8 October 2026.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Legal Entity Identifier
549300G3N2X4R3M4SX76
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 2014
Ground area
1.6 ha
Building footprint
2,942 m²
Building volume
13,225 m³
2 parcels, Flanders · tallest building 8.1 m. Linked by address, not a title deed.
1 establishment unit
LEDHANDEL
since 2014unit no. 2.236.004.804
2 parcels
Flanders
2
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23086A0676/00G000 | Flanders | 1.4 ha | 1 · 2,672 m² | 8.1 m · 2 |
| 34007A0154/00A002 | Flanders | 1,046 m² | 1 · 271 m² | - |
How the parcels are linked
Good to know
Both parcels match the address exactly.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Zowel in België als in het buitenland, onder eender welke vorm, participaties te verwerven en aan te houden in om het even welke onderneming…” (deed in Dutch)
9 activities (deed in Dutch)
- Zowel in België als in het buitenland, onder eender welke vorm, participaties te verwerven en aan te houden in om het even welke onderneming of vennootschap actief in de ontwikkeling, bouw en exploitatie van projecten of installaties voor verlichting met LED-technologie of vergelijkbare technologie voor zuinige en duurzame verlichting
- Zowel in België als in het buitenland, onder eender welke vorm, initiatieven en projecten opstarten in het domein van verlichting met LED-technologie of vergelijkbare technologieën voor zuinige en duurzame verlichting, hiervoor juridische structuren opzetten en financiering aantrekken
- Zowel in België als in het buitenland, het handel drijven in grondstoffen, half-afgewerkte en afgewerkte producten die worden aangewend in de bouw van verlichtings- en signalisatie-installaties in het domein van verlichting met LED-technologie of vergelijkbare technologieën voor zuinige en duurzame verlichting
- Zowel in België als in het buitenland, het uitvoeren van studies, onderzoek, analyses en plaatsbeschrijvingen van technische installaties
- Zowel in België als in het buitenland, het uitvoeren van elektriciteits- en bekabelingswerken in gebouwen en op publieke en private plaatsen
- Het besturen van of de directie voeren in ondernemingen en vennootschappen
- Het verlenen van technische, administratieve, commerciële, financiële en/of juridische bijstand aan alle Belgische en buitenlandse ondernemingen
- Haar patrimonium, bestaande uit onroerende en roerende goederen te behouden, in de ruimste zin van het woord te beheren en oordeelkundig uit te breiden
- Het aanvragen, verwerven, verhandelen en exploiteren van licenties, octrooien, merken en dergelijke
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Binnen de beperkingen opgelegd door de wet, in één of meer malen nieuwe aandelen uit te geven van dezelfde soort als de bestaande aandelen…” (deed in Dutch)“Vergoeding bestuurders, geboekt op algemene kosten, los van representatie-, reis- en verplaatsingskosten” (deed in Dutch)“Bestuursorgaan bepaalt of alleen of gezamenlijk optreden, dagelijks bestuur” (deed in Dutch)3 more provisions on this in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- 7 provisions in the deed
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Elke overdracht onder levenden, ten bezwarende of kosteloze titel, vrijwillig of gedwongen, in vruchtgebruik, blote eigendom of volle…” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- “Aandelen moeten bij hun uitgifte niet worden volgestort, tenzij het bevoegde orgaan er anders over beslist, stortingsplicht” (deed in Dutch)“Recht van voorkeur, te rekenen van de dag van de openstelling van de intekening” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Friday of May at 17:00
- Meeting accessWho may attend the meeting and what is needed to be admitted.
- One provision in the deed
- Written decisionsDecisions without a meeting, when everyone involved agrees in writing.
- One provision in the deed
- Electronic meetingWhether meetings may be held by video or another electronic means.
- “Elektronische algemene vergadering, intern reglement kan voorwaarden stellen aan gebruik” (deed in Dutch)
Oversight and winding up
- Auditor ruleHow a statutory auditor is appointed and what they check, if the company has one.
- “Commissarissen, controle vennootschap” (deed in Dutch)
- Dissolution ruleWhen and by whom the company can be dissolved.
- “De vennootschap kan op elk moment worden ontbonden door een beslissing van de algemene vergadering beslissende in de vormen vereist voor de…” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Bij ontbinding van de vennootschap, om welke reden en op welk ogenblik het ook zij, is/zijn de bestuurder(s) in functie, aangewezen als…” (deed in Dutch)