ACTIVE

Volys Star

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Financial year 2025 · closed on 31/12/2025

Net result

4,9 M €

+13.9% YoY

Revenue

155,6 M €

+4.1% YoY

Equity

23,7 M €

+4.5% YoY

Workforce

413,0 ETP

+1.4% YoY

What does Volys Star do?

Volys Star is a Public limited company incorporated in 1968. Its main activity is: Processing and preserving of poultry meat. Its registered office is in Lendelede. It employs on average 413,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0405.558.582

Incorporation

01/01/1968

Legal form

Public limited company

Registered office

Oudstrijderslaan 11
8860 Lendelede · FlandreSee on map

Contributed capital

11 612 000,00 €

Latest accounts

31/12/2025

Average workforce

413,0 ETP

Activities (NACE)

10120Processing and preserving of poultry meat· main 10120Processing and preserving of poultry meat 15121Manufacture of luggage, handbags and the like, saddlery and harness

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Revenue	155,6 M €	+4.1%	149,5 M €	+3.3%	144,7 M €	+9.1%	132,6 M €	+12.2%	118,2 M €	+3.9%	113,7 M €	+3.8%	109,5 M €	+7.0%	102,3 M €	+1.4%	100,9 M €	+0.8%	100,1 M €	+1.6%	98,5 M €	+0.9%	97,7 M €	+3.7%	94,2 M €	-0.5%	94,7 M €	+8.5%	87,3 M €	+12.4%	77,7 M €	-0.0%	77,7 M €
EBITDA	5,5 M €	-30.8%	7,9 M €	+75.5%	4,5 M €	+564%	-975,3 k €	-139%	2,5 M €	-48.2%	4,9 M €	-23.9%	6,4 M €	+20.5%	5,3 M €	-28.9%	7,5 M €	-9.7%	8,3 M €	+1.3%	8,2 M €	-2.4%	8,4 M €	+61.2%	5,2 M €	+22.0%	4,3 M €	+15.7%	3,7 M €	-36.4%	5,8 M €	+297%	1,5 M €
Operating result	2,3 M €	-45.4%	4,3 M €	+276%	1,1 M €	+123%	-5,1 M €	-237%	-1,5 M €	-244%	1 M €	-44.9%	1,9 M €	+991%	173,7 k €	-94.3%	3 M €	-21.1%	3,8 M €	-3.9%	4 M €	-15.5%	4,7 M €	+131%	2 M €	+247%	588,8 k €	-51.6%	1,2 M €	-58.1%	2,9 M €	+346%	-1,2 M €
Net result	4,9 M €	+13.9%	4,3 M €	+160%	1,7 M €	+132%	-5,1 M €	-400%	1,7 M €	-18.6%	2,1 M €	+15.4%	1,8 M €	+7.8%	1,7 M €	-51.6%	3,5 M €	+35.5%	2,6 M €	+3.2%	2,5 M €	-40.1%	4,2 M €	+156%	1,6 M €	+648%	217,6 k €	-80.1%	1,1 M €	-62.9%	2,9 M €	+171%	-4,1 M €
Balance sheet
Equity	23,7 M €	+4.5%	22,7 M €	+11.9%	20,3 M €	+8.9%	18,6 M €	-21.6%	23,8 M €	+7.8%	22,1 M €	+10.5%	20 M €	+9.9%	18,1 M €	+10.0%	16,5 M €	-35.8%	25,7 M €	-1.3%	26 M €	+1.7%	25,6 M €	+19.2%	21,5 M €	+9.7%	19,6 M €	+1.1%	19,4 M €	+6.0%	18,3 M €	+243%	5,3 M €
Total assets	59,8 M €	+1.6%	58,8 M €	+16.1%	50,6 M €	-10.1%	56,3 M €	+6.9%	52,7 M €	+3.2%	51 M €	-0.6%	51,3 M €	+8.5%	47,3 M €	-6.5%	50,6 M €	+6.1%	47,7 M €	+6.4%	44,9 M €	-11.3%	50,6 M €	-4.9%	53,2 M €	+3.5%	51,4 M €	+26.2%	40,7 M €	+18.1%	34,5 M €	-3.8%	35,8 M €
Cash	10,8 k €	-20.6%	13,6 k €	-24.5%	18 k €	-84.3%	114,7 k €	+30.7%	87,8 k €	-74.5%	344,3 k €	+242%	100,5 k €	+52.5%	65,9 k €	-0.8%	66,4 k €	+25.1%	53,1 k €	-34.2%	80,6 k €	-83.0%	474,5 k €	-25.6%	637,9 k €	+4404%	14,2 k €	+793%	1,6 k €	-97.9%	77,3 k €	-84.1%	485,2 k €
Debts	36 M €	-0.2%	36,1 M €	+19.0%	30,3 M €	-19.5%	37,7 M €	+30.5%	28,9 M €	-0.3%	29 M €	-7.1%	31,2 M €	+8.2%	28,8 M €	-14.8%	33,9 M €	+54.5%	21,9 M €	+17.1%	18,7 M €	-24.8%	24,9 M €	-21.1%	31,6 M €	-0.6%	31,7 M €	+50.1%	21,1 M €	+33.5%	15,8 M €	-47.8%	30,4 M €
Other
Workforce	413,0 ETP	+1.4%	407,1 ETP	-0.9%	410,9 ETP	+0.7%	408,0 ETP	+1.8%	400,8 ETP	+2.0%	392,8 ETP	+0.6%	390,4 ETP	+2.4%	381,2 ETP	+0.3%	380,2 ETP	+0.9%	376,8 ETP	+2.8%	366,6 ETP	+4.7%	350,2 ETP	+1.4%	345,3 ETP	+0.8%	342,4 ETP	+8.4%	315,8 ETP	+6.4%	296,7 ETP	-2.1%	303,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 37 ended

Active mandates

DINOBRYON

Director · since 10 mai 2024 · until 14 mai 2027 · 0811.331.655

Represented by Erwin WUYTS

Active

FCH CONSULTANCY

Director · since 10 mai 2024 · until 14 mai 2027 · 1005.946.913

Represented by Frank HUYGHE

Active

Hubstef

Director · since 10 mai 2024 · until 14 mai 2027 · 0427.053.584

Represented by Matthias VERSELE

Active

HELUCA

Managing director · since 28 juin 2023 · until 10 mai 2029 · 0401.058.772

Represented by Gwijde VERSELE

Active

Ended mandates

DINOBRYON

Director · since 10 mai 2024 · until 14 mai 2027 · 0811.331.655

Represented by Erwin WUYTS

Ended

DINOBRYON

Director · since 14 mai 2021 · until 10 mai 2024 · 0811.331.655

Represented by Erwin WUYTS

Ended

DINOBRYON

Director · since 14 mai 2021 · until 09 mai 2024 · 0811.331.655

Represented by Erwin WUYTS

Ended

DINOBRYON

Director · since 14 mai 2021 · until 10 mai 2024 · 0811.331.655

Represented by Erwin WUYTS

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	26/08/2026	28/08/2025	20/08/2024	17/08/2023	11/07/2022	12/07/2021
General meeting	15/05/2026	09/05/2025	10/05/2024	11/05/2023	30/05/2022	14/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	15/05/2026	26/08/2026	Dutch	PDF
Full model	31/12/2024	09/05/2025	28/08/2025	Dutch	PDF
Full model	31/12/2023	10/05/2024	20/08/2024	Dutch	PDF
Full model	31/12/2022	11/05/2023	17/08/2023	Dutch	PDF
Full model	31/12/2021	30/05/2022	11/07/2022	Dutch	PDF
Full model	31/12/2020	14/05/2021	12/07/2021	Dutch	PDF
Full model	31/12/2019	14/05/2020	04/11/2020	Dutch	PDF
Full model	31/12/2018	09/05/2019	29/07/2019	Dutch	PDF
Full model	31/12/2017	11/05/2018	19/07/2018	Dutch	PDF
Full model	31/12/2016	11/05/2017	20/07/2017	Dutch	PDF
Full model	31/12/2015	26/05/2016	27/07/2016	Dutch	PDF
Full model	31/12/2014	14/05/2015	30/06/2015	Dutch	PDF
Full model	31/12/2013	08/05/2014	03/07/2014	Dutch	PDF
Full model	31/12/2012	10/05/2013	29/07/2013	Dutch	PDF
Full model	31/12/2011	10/05/2012	26/06/2012	Dutch	PDF
Full model	31/12/2010	12/05/2011	30/08/2011	Dutch	PDF
Full model	31/12/2009	14/05/2010	16/07/2010	Dutch	PDF
Full model	31/12/2008	14/05/2009	02/06/2009	Dutch	PDF
Full model	31/12/2007	08/05/2008	24/06/2008	Dutch	PDF
Full model	31/12/2006	10/05/2007	27/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 37 ended

Active mandates

DINOBRYON

Director · since 10 mai 2024 · until 14 mai 2027 · 0811.331.655

Represented by Erwin WUYTS

Active

FCH CONSULTANCY

Director · since 10 mai 2024 · until 14 mai 2027 · 1005.946.913

Represented by Frank HUYGHE

Active

Hubstef

Director · since 10 mai 2024 · until 14 mai 2027 · 0427.053.584

Represented by Matthias VERSELE

Active

HELUCA

Managing director · since 28 juin 2023 · until 10 mai 2029 · 0401.058.772

Represented by Gwijde VERSELE

Active

Ended mandates

DINOBRYON

Director · since 10 mai 2024 · until 14 mai 2027 · 0811.331.655

Represented by Erwin WUYTS

Ended

DINOBRYON

Director · since 14 mai 2021 · until 10 mai 2024 · 0811.331.655

Represented by Erwin WUYTS

Ended

DINOBRYON

Director · since 14 mai 2021 · until 09 mai 2024 · 0811.331.655

Represented by Erwin WUYTS

Ended

DINOBRYON

Director · since 14 mai 2021 · until 10 mai 2024 · 0811.331.655

Represented by Erwin WUYTS

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/01/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/07/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/08/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/06/2020
ONTSLAGEN - BENOEMINGEN
PDF
Other24/12/2019
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates12/09/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/07/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/07/2017
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 20254,9 M €↑
2024
Annual accounts 20244,3 M €↑
10/05/2024
reconductionNV Hubstef — niet-statutaire bestuurder
10/05/2024
reconductionMatthias Versele — vaste vertegenwoordiger van de rechtspersoon NV Hubstef
10/05/2024
reconductionBV DinoBryon — niet-statutaire bestuurder
10/05/2024
reconductionErwin Wuyts — vaste vertegenwoordiger van de rechtspersoon BV DinoBryon
10/05/2024
demissionFrank Huyghe — niet-statutaire bestuurder
10/05/2024
nominationCommV FCH Consultancy — niet-statutaire bestuurder
10/05/2024
nominationFrank Huyghe — vaste vertegenwoordiger van de rechtspersoon CommV FCH Consultancy
10/05/2024
reconductionBV VRC Bedrijfsrevisoren — commissaris
10/05/2024
nominationSteven T'Jollyn — vaste vertegenwoordiger van de rechtspersoon BV VRC Bedrijfsrevisoren
2023
Annual accounts 20231,7 M €↑
28/06/2023
nominationnv HELUCA — bestuurder
28/06/2023
nominationVERSELE Gwijde — vaste vertegenwoordiger
2022
Annual accounts 2022-5,1 M €↓
2021
Annual accounts 20211,7 M €↓
2020
Annual accounts 20202,1 M €↑
2019
Annual accounts 20191,8 M €↑
2018
Annual accounts 20181,7 M €↓
2017
Annual accounts 20173,5 M €↑
2016
Annual accounts 20162,6 M €↑
2015
Annual accounts 20152,5 M €↓
2014
Annual accounts 20144,2 M €↑
2013
Annual accounts 20131,6 M €↑
2012
Annual accounts 2012217,6 k €↓
2011
Annual accounts 20111,1 M €↓
2010
Annual accounts 20102,9 M €↑
2009
Annual accounts 2009-4,1 M €
01/01/1968
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Volys Star

Overview

What does Volys Star do?

Trend over 17 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline