VOLTTECHNIC
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 27-07-2026 at the NBB all 13 filings
Turnover
≈ €100,000
Estimated: probably between €51,000 and €210,000
Total assets
€310,291▲ 2.7%
2024 · €302,250
Net result
€7,741▼ 78.6%
2024 · €36,120
Working capital
€188,646▼ 29.6%
2024 · €267,985
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€4,077
▼ 91.1%
2025
20182025
Net result
€7,741
▼ 78.6%
2025
middle half of the sector
20182025
Equity
€301,808
▲ 2.6%
2025
highest quarter of the sector
20182025
Total assets
€310,291
▲ 2.7%
2025
middle half of the sector
20182025
Debt
€8,483
▲ 3.7%
2025
20182025
Working capital
€188,646
▼ 29.6%
2025
highest quarter of the sector
20182025
Solvency
97.3%
=
2025
highest quarter of the sector
20182025
Current ratio
23.24
▼ 10.51
2025
highest quarter of the sector
20182025
Return on assets (ROA)
2.5%
▼ 9.5pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€68,962--€13,429-€1,047▲ 92.2%-€14,127▼ 1,250%€23,901€44,238▲ 85.1%€45,817▲ 3.6%€4,077▼ 91.1%
Net result€39,046--€15,487-€1,214below the sector's middle half▲ 92.2%-€14,333below the sector's middle half▼ 1,080%€16,955within the sector's middle half€32,086within the sector's middle half▲ 89.2%€36,120within the sector's middle half▲ 12.6%€7,741within the sector's middle half▼ 78.6%
Equity€239,942-€224,455▼ 6.5%€223,241within the sector's middle half▼ 0.5%€208,907within the sector's middle half▼ 6.4%€225,862within the sector's middle half▲ 8.1%€257,948above the sector's middle half▲ 14.2%€294,067above the sector's middle half▲ 14.0%€301,808above the sector's middle half▲ 2.6%
Total assets€368,585-€229,647▼ 37.7%€224,056within the sector's middle half▼ 2.4%€217,825within the sector's middle half▼ 2.8%€230,925within the sector's middle half▲ 6.0%€265,962within the sector's middle half▲ 15.2%€302,250within the sector's middle half▲ 13.6%€310,291within the sector's middle half▲ 2.7%
Debt€128,643-€5,192▼ 96.0%€816▼ 84.3%€8,918▲ 993%€5,063▼ 43.2%€8,014▲ 58.3%€8,182▲ 2.1%€8,483▲ 3.7%
Working capital€244,012-€136,567▼ 44.0%€160,845above the sector's middle half▲ 17.8%€165,676above the sector's middle half▲ 3.0%€205,005above the sector's middle half▲ 23.7%€224,952above the sector's middle half▲ 9.7%€267,985above the sector's middle half▲ 19.1%€188,646above the sector's middle half▼ 29.6%
Solvency65.1%-97.7%▲ 32.6pp99.6%above the sector's middle half▲ 1.9pp95.9%above the sector's middle half▼ 3.7pp97.8%above the sector's middle half▲ 1.9pp97.0%above the sector's middle half▼ 0.8pp97.3%above the sector's middle half▲ 0.3pp97.3%above the sector's middle half=
Current ratio4.83-27.31▲ 22.4719.58above the sector's middle half41.49above the sector's middle half▲ 21.9129.07above the sector's middle half▼ 12.4233.75above the sector's middle half▲ 4.6823.24above the sector's middle half▼ 10.51
Return on assets (ROA)10.6%--6.7%▼ 17.3pp-0.5%below the sector's middle half▲ 6.2pp-6.6%below the sector's middle half▼ 6.0pp7.3%within the sector's middle half▲ 13.9pp12.1%within the sector's middle half▲ 4.7pp12.0%within the sector's middle half▼ 0.1pp2.5%within the sector's middle half▼ 9.5pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 91% lower than in 2024.
Turnover and EBIT margin are not published. The 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 €310,291
Fixed assets
€113,162 ▲ 334%
Current assets
€197,129 ▼ 28.6%
Equity and liabilities €310,291
Equity
€301,808 ▲ 2.6%
Debt
€8,483 ▲ 3.7%
Debt's share of the balance-sheet total stays at 2.7%.
Key figures and ratios
EBITDA
€20,763▼
2024 · €52,730
Cash flow
€24,427▼
2024 · €43,033
Debt to equity
0.03▲
2024 · 0.03
ROE
2.6%▼
2024 · 12.3%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€8,483▲
2024 · €8,182
Income taxes
€721▼
2024 · €13,459
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €4,613 | €1,140 | €23,437 | - | €103,766 |
| Depreciation and write-downs of the year | €23,777 | €23,514 | €11,298 | €6,913 | €16,686 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,617 | €58,073 | €25,493 | €23,777 | €23,514 | €11,298 | €6,913 | €16,686 | ▲ 141% |
| Other operating charges640/8 | - | - | - | €429 | €1,285 | €2,386 | €702 | €1,704 | ▲ 143% |
| Gross operating margin9900 | €91,828 | €50,508 | €26,556 | €10,078 | €48,701 | €57,923 | €53,432 | €22,468 | ▼ 58.0% |
| Operating profit (loss)9901 | €68,962 | -€13,429 | -€1,047 | -€14,127 | €23,901 | €44,238 | €45,817 | €4,077 | ▼ 91.1% |
| Financial income75/76B | - | - | - | €3 | - | €534 | €3,898 | €4,509 | ▲ 15.7% |
| Recurring financial income75 | €140 | €383 | €799 | €3 | - | €534 | €3,898 | €4,509 | ▲ 15.7% |
| Financial charges65/66B | - | - | - | €120 | €172 | €259 | €136 | €125 | ▼ 8.1% |
| Recurring financial charges65 | €3,656 | €158 | €254 | €120 | €172 | €259 | €136 | €125 | ▼ 8.1% |
| Profit (loss) for the period before taxes9903 | €65,445 | -€13,204 | -€501 | -€14,245 | €23,729 | €44,513 | €49,579 | €8,462 | ▼ 82.9% |
| Income taxes67/77 | €26,399 | €2,283 | €713 | €89 | €6,774 | €12,427 | €13,459 | €721 | ▼ 94.6% |
| Profit (loss) for the period9904 | €39,046 | -€15,487 | -€1,214 | -€14,333 | €16,955 | €32,086 | €36,120 | €7,741 | ▼ 78.6% |
| Profit (loss) for the period to be appropriated9905 | €39,046 | -€15,487 | -€1,214 | -€14,333 | €16,955 | €32,086 | €36,120 | €7,741 | ▼ 78.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €368,585 | €229,647 | €224,056 | €217,825 | €230,925 | €265,962 | €302,250 | €310,291 | ▲ 2.7% |
| Fixed assets21/28 | €60,930 | €87,888 | €62,395 | €43,232 | €20,857 | €32,995 | €26,082 | €113,162 | ▲ 334% |
| Tangible fixed assets22/27 | €60,930 | €87,888 | €62,395 | €43,232 | €20,857 | €32,995 | €26,082 | €113,162 | ▲ 334% |
| Furniture and vehicles24 | - | - | - | €43,232 | €20,857 | €32,995 | €26,082 | €113,162 | ▲ 334% |
| Current assets29/58 | €307,655 | €141,758 | €161,661 | €174,594 | €210,068 | €232,966 | €276,168 | €197,129 | ▼ 28.6% |
| Amounts receivable within one year40/41 | €9,376 | €32,028 | €39,686 | €16,073 | €32,139 | €24,392 | €32,022 | €40,616 | ▲ 26.8% |
| Trade receivables40 | - | - | - | €3,630 | €11,163 | €9,583 | €8,918 | - | - |
| Other amounts receivable41 | - | - | - | €12,443 | €20,976 | €14,809 | €23,104 | €40,616 | ▲ 75.8% |
| Cash at bank and in hand54/58 | €295,477 | €107,155 | €119,217 | €155,423 | €175,158 | €204,373 | €238,695 | €154,328 | ▼ 35.3% |
| Deferred charges and accrued income490/1 | - | - | - | €3,098 | €2,771 | €4,201 | €5,451 | €2,185 | ▼ 59.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €368,585 | €229,647 | €224,056 | €217,825 | €230,925 | €265,962 | €302,250 | €310,291 | ▲ 2.7% |
| Equity10/15 | €239,942 | €224,455 | €223,241 | €208,907 | €225,862 | €257,948 | €294,067 | €301,808 | ▲ 2.6% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €40,906 | €40,906 | €40,906 | €40,906 | €40,906 | €40,906 | €40,906 | €40,906 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €39,046 | €39,046 | €39,046 | €39,046 | €39,046 | = |
| Profit (loss) carried forward14 | €180,437 | €164,949 | €163,735 | €149,401 | €166,356 | €198,442 | €234,561 | €242,302 | ▲ 3.3% |
| Amounts payable17/49 | €128,643 | €5,192 | €816 | €8,918 | €5,063 | €8,014 | €8,182 | €8,483 | ▲ 3.7% |
| Amounts payable after more than one year17 | €65,000 | - | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €63,643 | €5,192 | €816 | €8,918 | €5,063 | €8,014 | €8,182 | €8,483 | ▲ 3.7% |
| Trade debts44 | €2,307 | €1,443 | €102 | €8,918 | €1,166 | €1,424 | €415 | €8,483 | ▲ 20× |
| Suppliers440/4 | - | - | - | €8,918 | €1,166 | €1,424 | €415 | €8,483 | ▲ 20× |
| Taxes, remuneration and social security45 | - | - | - | - | €3,897 | €6,590 | €7,768 | - | - |
| Taxes450/3 | - | - | - | - | €3,897 | €6,590 | €7,768 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,046 | -€15,487 | -€1,214 | -€14,333 | €16,955 | €32,086 | €36,120 | €7,741 | ▼ 78.6% |
| + Depreciation and write-downs630 | €21,617 | €58,073 | €25,493 | €23,777 | €23,514 | €11,298 | €6,913 | €16,686 | ▲ 141% |
| Operating cash flow (approximation) | €60,663 | €42,586 | €24,279 | €9,443 | €40,469 | €43,384 | €43,033 | €24,427 | ▼ 43.2% |
| Investment in fixed assets (approximation) | - | -€85,031 | €0 | -€4,613 | -€1,140 | -€23,437 | €0 | -€103,766 | - |
| Change in cash | - | -€188,322 | €12,062 | €36,206 | €19,735 | €29,215 | €34,322 | -€84,366 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 10,904 companies had the same profile as VOLTTECHNIC has now. Two years later, 95.1% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
95.1%
was still going
4.0%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of VOLTTECHNIC itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 10,904 companies, not a prediction for VOLTTECHNIC. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 27-07-2026 | 2026-00382655 | |
| 31-12-2024 | micro format | 28-08-2025 | 2025-00441076 | |
| 31-12-2023 | micro format | 11-06-2024 | 2024-00138233 | |
| 31-12-2022 | micro format | 28-06-2023 | 2023-00193643 | |
| 31-12-2021 | micro format | 22-08-2022 | 2022-20312488 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-56200399 | |
| 31-12-2019 | micro format | 30-11-2020 | 2020-73700220 | |
| 31-12-2018 | micro format | 29-08-2019 | 2019-53300399 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-60900406 | |
| 31-12-2016 | micro format | 30-08-2017 | 2017-55500115 |