ACTIVE

Happy Volcano

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Financial year 2025 · Closed on 31/12/2025

Net result-37,6 k €+93,6 %over 1 year

Gross margin432,1 k €+91,1 %over 1 year

Equity802,3 k €-4,5 %over 1 year

Workforce2,0 ETP-55,6 %over 1 year

Identity

Source · BCE/KBO

Happy Volcano is a Private limited company incorporated in 2015. Its main activity is: Computer programming activities. Its registered office is in Leuven. It employs on average 2,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0638.852.391
Incorporation: 25/09/2015
Legal form: Private limited company
Registered office: Sluisstraat 79
3000 Leuven · FlandreSee on map
Contributed capital: 1 818 600,12 €
Latest accounts: 31/12/2025
Average workforce: 2,0 ETP

Activities (NACE)

62010Computer programming activities· main 62100Computer programming, consultancy and related activities 62020Computer consultancy activities 62200Computer programming, consultancy and related activities 72109Research and experimental development on natural sciences and engineering 72190Other research and experimental development on natural sciences and engineering

Joint committees (2)

Contacts

2 public details availableLog in to view

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 12 filings

Trend over 10 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	432,1 k €	+91.1%	226,2 k €	+147%	-477,7 k €	-125%	1,9 M €	+368%	412,4 k €
EBITDA	341,1 k €	+1334%	-27,6 k €	+97.0%	-930,9 k €	-162%	1,5 M €	+622%	207,9 k €
Operating result	-6,5 k €	+98.9%	-612,1 k €	+60.4%	-1,5 M €	-239%	1,1 M €	+697%	139 k €
Net result	-37,6 k €	+93.6%	-591,5 k €	+62.6%	-1,6 M €	-254%	1 M €	+673%	132,5 k €
Balance sheet
Equity	802,3 k €	-4.5%	839,9 k €	-41.3%	1,4 M €	-52.5%	3 M €	+51.5%	2 M €
Total assets	951,5 k €	+0.3%	948,4 k €	-40.1%	1,6 M €	-52.6%	3,3 M €	+59.8%	2,1 M €
Cash	257,6 k €	-21.7%	328,9 k €	-40.8%	556 k €	-68.1%	1,7 M €	+7.7%	1,6 M €
Debts	149,2 k €	+37.5%	108,5 k €	-28.5%	151,8 k €	-53.4%	325,6 k €	+224%	100,6 k €
Other
Workforce	2,0 ETP	-55.6%	4,5 ETP	-50.0%	9,0 ETP	+1.1%	8,9 ETP		–

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Willig Jason Howard	Directorsince 31/07/2024
David Prinsmel	Directorsince 04/01/2017Manager22/09/2015 → 2019 accountsended
Jeroen Janssen	Managing directorsince 10/03/2021Director04/01/2017 → 10/03/2021endedManager22/09/2015 → 2019 accountsended
Peter Maasen	Directorsince 04/01/2017Manager22/09/2015 → 2019 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Cherry Freeman	Director10/03/2021 → 31/07/2024
Cherry Louise Freeman	Director10/03/2021 → 2023 accounts
David Christof PRINSMEL	Director10/03/2021 → 2021 accounts
Jeroen Jannsen	Manager22/09/2015 → 2016 accounts

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Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Micro model	Micro 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	10/09/2026	19/08/2025	22/07/2024	05/07/2023	30/08/2022	06/10/2021
General meeting	26/08/2026	10/06/2025	28/06/2024	13/06/2023	14/06/2022	08/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 12 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/08/2026	10/09/2026	Dutch	PDF
Abridged model	31/12/2025	26/08/2026	28/08/2026	English	PDF
Abridged model	31/12/2024	10/06/2025	19/08/2025	Dutch	PDF
Abridged model	31/12/2024	10/06/2025	30/07/2025	English	PDF
Abridged model	31/12/2023	28/06/2024	22/07/2024	Dutch	PDF
Abridged model	31/12/2022	13/06/2023	05/07/2023	Dutch	PDF
Micro model	31/12/2021	14/06/2022	30/08/2022	Dutch	PDF
Micro model	31/12/2020	08/06/2021	06/10/2021	Dutch	PDF
Micro model	31/12/2019	23/03/2020	22/04/2020	Dutch	PDF
Micro model	31/12/2018	29/05/2019	25/06/2019	Dutch	PDF
Micro model	31/12/2017	02/03/2018	22/03/2018	Dutch	PDF
Abridged model	31/12/2016	23/03/2017	21/04/2017	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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.

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Willig Jason Howard	Directorsince 31/07/2024
David Prinsmel	Directorsince 04/01/2017Manager22/09/2015 → 2019 accountsended
Jeroen Janssen	Managing directorsince 10/03/2021Director04/01/2017 → 10/03/2021endedManager22/09/2015 → 2019 accountsended
Peter Maasen	Directorsince 04/01/2017Manager22/09/2015 → 2019 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Cherry Freeman	Director10/03/2021 → 31/07/2024
Cherry Louise Freeman	Director10/03/2021 → 2023 accounts
David Christof PRINSMEL	Director10/03/2021 → 2021 accounts
Jeroen Jannsen	Manager22/09/2015 → 2016 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates23/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Registered office16/03/2022
MAATSCHAPPELIJKE ZETEL
PDF
Mandates26/04/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/03/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office29/11/2019
MAATSCHAPPELIJKE ZETEL
PDF
Other26/01/2017
OMZETTING van VOF naar BVBA met nieuwe statuten
PDF
Other06/10/2015
Oprichting
PDF

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings10 filings

Mandates

Willig Jason Howard

Jeroen Janssen

David Prinsmel

Peter Maasen

Cherry Louise Freeman

David Christof PRINSMEL

Cherry Freeman

Jeroen Jannsen

201520162017201820192020202120222023202420252026

Happy Volcano

Sluisstraat 79, 3000 Leuven

Director

Managing directorDirectorManager

DirectorManager

Director

Manager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Sluisstraat 79, 3000 LeuvenCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00512707

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Happy VolcanoCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00512707

Events

2025
Annual accounts 2025-37,6 k €↑
2024
Annual accounts 2024-591,5 k €↑
2023
Annual accounts 2023-1,6 M €↓
2022
Annual accounts 20221 M €↑
2021
Annual accounts 2021132,5 k €↑
2020
Annual accounts 2020398 €↓
2019
Annual accounts 20195,9 k €↓
2018
Annual accounts 201811,4 k €↑
2017
Annual accounts 20173,2 k €↓
2016
Annual accounts 201615,8 k €
25/09/2015
IncorporationPrivate limited company

Happy Volcano

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

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

Timeline

Registered offices

Company names

Events