VOLUS
ActiveSummary
VOLUS has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.9m and a net result of €4.5m. Equity is growing by ~16.8% per year across the filed fiscal years. Its solvency ranks better than 30% of 934 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+55
Solvency48▲+13
Growth85▲+50
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500,000 at 30 days acceptable
Liquidity tight (current ratio 1.42 against 1.0 in 2024; short-term debt: 33.9% and cash: 11.2% of total assets), and 76.5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
23.5%
Return on assets
15.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
31 d early
2023
21 d early
2022
26 d early
2021
24 d early
2020
29 d early
2019
17 d 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 25 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#1 company by total assets in Aalter, Administrative and support services sector#2 company by equity in Aalter, Administrative and support services sector
Turnover
€58.4m▲ 1,040%
2024 · €5.1m
EBIT margin
9.7%▲ 8.4pp
2024 · 1.3%
Net result
€4.5m▲ 6,989%
2024 · €63,331
Working capital
€4.2m▲ 6,786%
2024 · €60,942
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€7.7m€17.6m▲ 127%€5.2m▼ 70.4%€5.1m▼ 1.7%€58.4m▲ 1,040%
Operating result€425,944▲ 71.1%€1.7m▲ 299%-€73,348€68,491€5.7m▲ 8,169%
Net result€306,050above the sector's middle half▲ 434%€926,085above the sector's middle half▲ 203%-€221,196below the sector's middle half€63,331within the sector's middle half€4.5mabove the sector's middle half▲ 6,989%
EBIT margin5.5%9.7%▲ 4.2pp-1.4%▼ 11.1pp1.3%▲ 2.7pp9.7%▲ 8.4pp
Equity€1.9mabove the sector's middle half▲ 19.5%€2.8mabove the sector's middle half▲ 49.3%€2.6mabove the sector's middle half▼ 7.9%€2.6mabove the sector's middle half▲ 2.5%€6.9mabove the sector's middle half▲ 160%
Total assets€22.1mabove the sector's middle half▲ 12.2%€19.5mabove the sector's middle half▼ 11.6%€30.8mabove the sector's middle half▲ 58.0%€27.2mabove the sector's middle half▼ 11.7%€29.3mabove the sector's middle half▲ 7.5%
Debt€20.2m▲ 12.2%€16.7m▼ 17.3%€28.2m▲ 69.1%€24.6m▼ 12.9%€22.4m▼ 8.8%
Working capital€7.4m▲ 7.5%€5.4m▼ 26.7%€2.8m▼ 48.0%€60,942▼ 97.8%€4.2m▲ 6,786%
Solvency8.5%below the sector's middle half▲ 0.5pp14.4%below the sector's middle half▲ 5.9pp8.4%below the sector's middle half▼ 6.0pp9.7%below the sector's middle half▲ 1.3pp23.5%within the sector's middle half▲ 13.7pp
Staff (FTE)2.5within the sector's middle half▲ 25.0%2.8within the sector's middle half▲ 12.0%3within the sector's middle half▲ 7.1%2.8within the sector's middle half▼ 6.7%3.1within the sector's middle half▲ 10.7%
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2021 Net result +434% on 2020. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 8,169% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €29.3m
Fixed assets
€15.2m ▲ 11.0%
Current assets
€14.1m ▲ 4.1%
Equity and liabilities €29.3m
Equity
€6.9m ▲ 160%
Debt
€22.4m ▼ 8.8%
Debt's share of the balance-sheet total falls from 90.3% to 76.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€5.7m▲
2024 · €96,263
Cash flow
€4.5m▲
2024 · €91,103
Current ratio
1.42▲
2024 · 1.00
Quick ratio
0.41▲
2024 · 0.39
Debt to equity
3.26▼
2024 · 9.29
ROE
65.3%▲
2024 · 2.4%
ROA
15.3%▲
2024 · 0.2%
Interest coverage
12.66▲
2024 · 0.21
Debt ≤ 1 year
€9.9m▼
2024 · €13.5m
Debt > 1 year
€12.5m▲
2024 · €11.1m
Income taxes
€1.3m▲
2024 · €668
Staff costs
€283,639▲
2024 · €257,058
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €11.4m | €8.4m | €16.5m | €24.6m | €28.9m | ▲ 17.3% |
| Turnover70 | €7.7m | €17.6m | €5.2m | €5.1m | €58.4m | ▲ 1,040% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | €3.6m | -€9.6m | €11.2m | €19.4m | -€29.7m | ▼ 253% |
| Own construction capitalised72 | - | €11,834 | €0 | - | - | - |
| Other operating income74 | €108,811 | €408,655 | €125,148 | €39,155 | €46,205 | ▲ 18.0% |
| Non-recurring operating income76A | - | - | - | - | €126,840 | - |
| Operating charges60/66A | €11.0m | €6.7m | €16.6m | €24.5m | €23.2m | ▼ 5.4% |
| Goods for resale, raw materials and consumables60 | €9.0m | €4.5m | €13.4m | €22.0m | €20.8m | ▼ 5.5% |
| Purchases600/8 | €9.0m | €3.4m | €15.5m | €21.5m | €23.3m | ▲ 8.2% |
| Change in stocks: decrease (increase)609 | €5,180 | €1.0m | -€2.1m | €452,592 | -€2.5m | ▼ 655% |
| Services and other goods61 | €1.9m | €1.4m | €2.8m | €2.2m | €2.1m | ▼ 3.3% |
| Remuneration, social security and pensions62 | €174,101 | €195,102 | €317,414 | €257,058 | €283,639 | ▲ 10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,668 | €32,012 | €30,609 | €27,772 | €30,396 | ▲ 9.4% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | -€100,000 | €0 | - | - | - | - |
| Other operating charges640/8 | €109,223 | €562,755 | €18,892 | €24,338 | €6,910 | ▼ 71.6% |
| Non-recurring operating charges66A | €861 | €8,789 | €338 | €60,770 | €0 | ▼ 100% |
| Operating profit (loss)9901 | €425,944 | €1.7m | -€73,348 | €68,491 | €5.7m | ▲ 8,169% |
| Financial income75/76B | €295,611 | €144,223 | €410,956 | €457,091 | €562,060 | ▲ 23.0% |
| Recurring financial income75 | €292,311 | €143,292 | €400,997 | €457,091 | €560,648 | ▲ 22.7% |
| Income from financial fixed assets750 | €206,818 | €0 | €113,170 | €0 | €200,000 | - |
| Income from current assets751 | €85,492 | €143,260 | €284,730 | €456,256 | €359,178 | ▼ 21.3% |
| Other financial income752/9 | €1 | €31 | €3,097 | €835 | €1,470 | ▲ 76.0% |
| Non-recurring financial income76B | €3,301 | €931 | €9,959 | €0 | €1,412 | - |
| Financial charges65/66B | €375,057 | €601,330 | €558,134 | €461,583 | €455,550 | ▼ 1.3% |
| Recurring financial charges65 | €375,057 | €601,330 | €558,134 | €461,583 | €455,550 | ▼ 1.3% |
| Debt charges650 | €354,180 | €597,061 | €539,143 | €454,823 | €449,761 | ▼ 1.1% |
| Other financial charges652/9 | €20,877 | €4,269 | €18,992 | €6,760 | €5,789 | ▼ 14.4% |
| Non-recurring financial charges66B | €0 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €346,499 | €1.2m | -€220,526 | €63,999 | €5.8m | ▲ 8,916% |
| Income taxes67/77 | €40,449 | €318,131 | €670 | €668 | €1.3m | ▲ 191,678% |
| Taxes670/3 | €40,450 | €318,150 | €670 | €668 | €1.3m | ▲ 191,678% |
| Tax adjustments and reversals of tax provisions77 | €1 | €19 | €0 | - | €2 | - |
| Profit (loss) for the period9904 | €306,050 | €926,085 | -€221,196 | €63,331 | €4.5m | ▲ 6,989% |
| Profit (loss) for the period to be appropriated9905 | €306,050 | €926,085 | -€221,196 | €63,331 | €4.5m | ▲ 6,989% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €22.1m | €19.5m | €30.8m | €27.2m | €29.3m | ▲ 7.5% |
| Fixed assets21/28 | €9.4m | €11.8m | €9.9m | €13.7m | €15.2m | ▲ 11.0% |
| Intangible fixed assets21 | €26,504 | €81,864 | €61,522 | €75,595 | €55,195 | ▼ 27.0% |
| Tangible fixed assets22/27 | €17,314 | €15,626 | €13,869 | €12,735 | €7,869 | ▼ 38.2% |
| Furniture and vehicles24 | €17,314 | €15,626 | €13,869 | €12,735 | €7,869 | ▼ 38.2% |
| Financial fixed assets28 | €9.3m | €11.7m | €9.8m | €13.6m | €15.1m | ▲ 11.2% |
| Affiliated companies280/1 | €8.1m | €8.3m | €9.7m | €12.8m | €14.8m | ▲ 15.8% |
| Participating interests280 | €1.8m | €1.9m | €2.2m | €2.2m | €1.6m | ▼ 25.5% |
| Amounts receivable281 | €6.3m | €6.3m | €7.6m | €10.7m | €13.2m | ▲ 24.1% |
| Companies linked by participating interests282/3 | €69,600 | €124,800 | €73,219 | €256,443 | €68,943 | ▼ 73.1% |
| Participating interests282 | €36,000 | €36,000 | €36,000 | €36,000 | €36,000 | = |
| Amounts receivable283 | €33,600 | €88,800 | €37,219 | €220,443 | €32,943 | ▼ 85.1% |
| Other financial fixed assets284/8 | €1.1m | €3.4m | €31,000 | €503,646 | €193,688 | ▼ 61.5% |
| Amounts receivable and cash guarantees285/8 | €1.1m | €3.4m | €31,000 | €503,646 | €193,688 | ▼ 61.5% |
| Current assets29/58 | €12.7m | €7.7m | €20.9m | €13.6m | €14.1m | ▲ 4.1% |
| Stocks and contracts in progress3 | €8.7m | €5.2m | €7.6m | €8.3m | €10.1m | ▲ 21.7% |
| Stocks30/36 | €8.7m | €5.2m | €7.6m | €8.3m | €10.1m | ▲ 21.7% |
| Property held for sale35 | €8.7m | €5.2m | €7.6m | €8.3m | €10.1m | ▲ 21.7% |
| Contracts in progress37 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €1.4m | €1.2m | €2.5m | €639,775 | €618,351 | ▼ 3.3% |
| Trade receivables40 | €567,833 | €575,758 | €2.3m | €435,385 | €539,485 | ▲ 23.9% |
| Other amounts receivable41 | €860,322 | €594,076 | €205,263 | €204,389 | €78,867 | ▼ 61.4% |
| Current investments50/53 | - | - | €8.0m | €130,000 | €137,500 | ▲ 5.8% |
| Other investments51/53 | - | - | €8.0m | €130,000 | €137,500 | ▲ 5.8% |
| Cash at bank and in hand54/58 | €2.6m | €1.3m | €2.8m | €4.5m | €3.3m | ▼ 27.4% |
| Deferred charges and accrued income490/1 | €7,612 | €7,698 | €12,094 | €6,791 | €4,518 | ▼ 33.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €22.1m | €19.5m | €30.8m | €27.2m | €29.3m | ▲ 7.5% |
| Equity10/15 | €1.9m | €2.8m | €2.6m | €2.6m | €6.9m | ▲ 160% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €1.9m | €2.8m | €2.6m | €2.6m | €6.9m | ▲ 161% |
| Non-distributable reserves130/1 | €0 | - | - | - | - | - |
| Reserves not available under the articles1311 | €0 | - | - | - | - | - |
| Distributable reserves133 | €1.9m | €2.8m | €2.6m | €2.6m | €6.9m | ▲ 161% |
| Profit (loss) carried forward14 | €668 | €754 | €558 | €889 | €575 | ▼ 35.4% |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - |
| Provisions for liabilities and charges160/5 | €0 | - | - | - | - | - |
| Other liabilities and charges164/5 | €0 | - | - | - | - | - |
| Amounts payable17/49 | €20.2m | €16.7m | €28.2m | €24.6m | €22.4m | ▼ 8.8% |
| Amounts payable after more than one year17 | €14.7m | €14.4m | €10.1m | €11.1m | €12.5m | ▲ 12.8% |
| Financial debts170/4 | €435,000 | €0 | - | - | €2.1m | - |
| Credit institutions173 | €435,000 | €0 | - | - | €2.1m | - |
| Other amounts payable178/9 | €14.3m | €14.4m | €10.1m | €11.1m | €10.3m | ▼ 6.5% |
| Amounts payable within one year42/48 | €5.3m | €2.2m | €18.1m | €13.5m | €9.9m | ▼ 26.5% |
| Current portion of amounts payable after more than one year42 | €334,643 | €0 | - | - | - | - |
| Financial debts43 | €257,000 | €551,861 | €1.9m | €1.4m | €402,682 | ▼ 71.5% |
| Credit institutions430/8 | €257,000 | €551,861 | €1.9m | €1.4m | €402,682 | ▼ 71.5% |
| Trade debts44 | €2.2m | €1.2m | €2.1m | €1.8m | €7.4m | ▲ 318% |
| Suppliers440/4 | €2.2m | €1.2m | €2.1m | €1.8m | €7.4m | ▲ 318% |
| Advances received on contracts in progress46 | €2.0m | €62,264 | €12.9m | €9.6m | €729,688 | ▼ 92.4% |
| Taxes, remuneration and social security45 | €290,938 | €112,572 | €708,583 | €194,917 | €240,258 | ▲ 23.3% |
| Taxes450/3 | €267,863 | €77,953 | €681,188 | €159,656 | €201,765 | ▲ 26.4% |
| Remuneration and social security454/9 | €23,075 | €34,619 | €27,395 | €35,261 | €38,493 | ▲ 9.2% |
| Other amounts payable47/48 | €200,345 | €311,966 | €561,283 | €483,807 | €1.2m | ▲ 142% |
| Accrued charges and deferred income492/3 | €136,441 | €30,901 | €18,738 | €8,860 | €6,446 | ▼ 27.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €306,050 | €926,085 | -€221,196 | €63,331 | €4.5m | ▲ 6,989% |
| + Depreciation and write-downs630 | €22,668 | €32,012 | €30,609 | €27,772 | €30,396 | ▲ 9.4% |
| Operating cash flow (approximation) | €328,718 | €958,098 | -€190,587 | €91,103 | €4.5m | ▲ 4,861% |
| Investment in fixed assets (approximation) | - | -€2.5m | €1.9m | -€3.8m | -€1.5m | ▲ 59.7% |
| Change in cash | - | -€1.3m | €1.5m | €1.7m | -€1.2m | ▼ 174% |
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
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €4.5m ▲6,989%
Operating result €5.7m, net result €4.5m, both a record.
31-12
Financial
Equity above €5mEq €6.9m ▲160%
2 profitable years in a row build equity to €6.9m.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €63,331
Net result €63,331 after one loss-making year.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet -€221,196
Net result drops to -€221,196, the lowest in the series; recovery starts the following year.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €2mEq €2.8m ▲49.3%
5 profitable years in a row build equity to €2.8m.
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
31-12
Financial
Equity above €1mEq €1.5m ▲106%
2 profitable years in a row build equity to €1.5m.
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-07
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 11 acts read
About the unread acts
We know of 11 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
11 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, Aalter · 1 establishment unit since 2015
Ground area
6,015 m²
Building footprint
1,020 m²
Volume, LiDAR
12,405 m³
Parcel 44503H0075/00K000, Flanders · tallest building 16.1 m, ±4 floors. Linked by address, not a title deed.
29
companies at this address
See who is registered here
1 establishment unit
Volus
since 20152.283.362.776
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44503H0075/00K000 | Flanders | 6,015 m² | 1 · 1,020 m² | 16.1 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Part of the group
VT-INVEST
24 companies
Group, risk and exposure
Owners and holdings
2 owners · 8 holdingsChain of control
- VT-INVEST
- VOLUS
Highest known parent: VT-INVEST. The sources do not say who stands above it.
Owners 2
- VT-INVESTparentSourceaccounts VT-INVEST 202590%
- Sourceaccounts VOORMAN 202510%
Holdings 8
-
100%
-
100%
-
100%
-
99.9%
-
50%
-
50%
-
50%
-
12%
According to the 2025 annual accounts of VOLUS and those of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 109,539 EUR awarded · 90,414 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 0 EUR | 33,218 EUR |
| 2023 | 1 | 0 EUR | 18,645 EUR |
| 2022 | 1 | 109,539 EUR | 38,551 EUR |
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Of 11,218 companies in sector 82100 we hold annual accounts for 3,509. 547 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
Founded04-06-2015
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
82100Office administrative and support services
Contact
E-mail
boekhouding@vantornhaut.be
E-mail
marika.carette@vt-invest.beAalter
E-invoicing
Reachable via Peppol
Peppol ID
0208:0631754961
Also
9925:BE0631754961
Registered
22-08-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Business parks
1 parkDevelops business zone:South Point Business Park