NORMAL SITUATION

VOO S.A.

Financial year 2025 · closed on 30/06/2025
Net result
29,7 M €
+165.2% YoY
Revenue
271 M €
-52.4% YoY
Equity
734,7 M €
+4.1% YoY
Workforce
724,4 ETP
-1.1% YoY

Company — Normal situation.

What does VOO S.A. do?

VOO S.A. is a company registered in Belgium. It employs on average 724,4 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0696.668.549
Legal form
Public limited company
Contributed capital
687 361 196,00 €
Latest accounts
30/06/2025
Average workforce
724,4 ETP
Signals
ProfitableSolid equityPositive cashflowPositive EBITDAHigh revenue
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 8 financial years

20252024202320222021202020192018
Income statement
Revenue271 M €569,5 M €555,7 M €400,7 M €386,5 M €379,1 M €372,2 M €
EBITDA60,1 M €121,6 M €109,1 M €155,1 M €151,1 M €131 M €131,9 M €-9,7 k €
Operating result35,1 M €22,8 M €-51,9 M €20 M €35,5 M €14,2 M €7,4 M €-9,7 k €
Net result29,7 M €11,2 M €-70,1 M €11,8 M €30,6 M €9,9 M €2 M €-9,9 k €
Balance sheet
Equity734,7 M €706 M €679,9 M €677,6 M €665,8 M €635,2 M €625,3 M €51,6 k €
Total assets1 Md €1,1 Md €1,1 Md €1 Md €1 Md €1,1 Md €997,3 M €58,1 k €
Cash9,8 M €21,8 M €4,4 M €19,7 M €27,3 M €19,2 M €29,1 M €57,6 k €
Debts266,5 M €328,1 M €370,5 M €335,3 M €335 M €408 M €364,1 M €6,5 k €
Other
Workforce724,4 ETP732,7 ETP737,2 ETP538,3 ETP538,7 ETP491,0 ETP410,0 ETP
Governance

Board of directors

Seen on filing of 31/12/2023 · 11 active · 32 ended

Active mandates

Antoines CHOUC

Director · since 02 juin 2023 · until 12 mai 2027

Active
Bertrand DEMONCEAU

Vice-chairman of the board of directors · since 02 juin 2023 · until 12 mai 2027

Active
Christian LUGINBÜHL

Director · since 02 juin 2023 · until 12 mai 2027

Active
Christophe DUJARDIN

Director · since 02 juin 2023 · until 12 mai 2027

Active
Julie FERNANDEZ FERNANDEZ

Vice-chairman of the board of directors · since 02 juin 2023 · until 12 mai 2027

Active
Letitia DUMONT

Director · since 02 juin 2023 · until 12 mai 2027

Active
NETHYS

Director · since 02 juin 2023 · until 12 mai 2027 · 0465.607.720

Represented by Renaud WITMEUR

Active
Paul Marie DESSART

Chairman of the board of directors · since 02 juin 2023 · until 12 mai 2027

Active
Paul Marie DESSART

Managing director · since 02 juin 2023 · until 12 mai 2027

Active
SOCIETE DE CONSEIL EN GESTION ET STRATEGIE D'ENTREPRISES

Director · since 02 juin 2023 · until 12 mai 2027 · 0834.585.822

Represented by Nadine ROZENCWEIG

Active
Xavier PICHON

Director · since 02 juin 2023 · until 12 mai 2027

Active

Ended mandates

Bertrand DEMONCEAU

Vice-chairman of the board of directors · since 18 octobre 2022 · until 25 mai 2023

Ended
Letitia DUMONT

Director · since 18 octobre 2022 · until 25 mai 2023

Ended
Julie FERNANDEZ FERNANDEZ

Chairman of the board of directors · since 15 mars 2022 · until 25 mai 2023

Ended
Julie FERNANDEZ FERNANDEZ

Director · since 15 mars 2022 · until 17 juin 2022

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year30/06/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year6 months12 months12 months12 months12 months12 months
Filing date08/10/202523/05/202529/05/202404/09/202323/06/202227/07/2021
General meeting30/09/202514/05/202508/05/202425/05/202317/06/202227/07/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

8 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model30/06/202530/09/202508/10/2025FrenchPDF
Full model31/12/202414/05/202523/05/2025FrenchPDF
Full model31/12/202308/05/202429/05/2024FrenchPDF
Full model31/12/202225/05/202304/09/2023FrenchPDF
Full model31/12/202117/06/202223/06/2022FrenchPDF
Full model31/12/202027/07/202127/07/2021FrenchPDF
Full model31/12/201914/08/202026/08/2020FrenchPDF
Full model31/12/201831/05/201924/06/2019FrenchPDF
Estimate

Indicative valuation

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 31/12/2023 · 11 active · 32 ended

Active mandates

Antoines CHOUC

Director · since 02 juin 2023 · until 12 mai 2027

Active
Bertrand DEMONCEAU

Vice-chairman of the board of directors · since 02 juin 2023 · until 12 mai 2027

Active
Christian LUGINBÜHL

Director · since 02 juin 2023 · until 12 mai 2027

Active
Christophe DUJARDIN

Director · since 02 juin 2023 · until 12 mai 2027

Active
Julie FERNANDEZ FERNANDEZ

Vice-chairman of the board of directors · since 02 juin 2023 · until 12 mai 2027

Active
Letitia DUMONT

Director · since 02 juin 2023 · until 12 mai 2027

Active
NETHYS

Director · since 02 juin 2023 · until 12 mai 2027 · 0465.607.720

Represented by Renaud WITMEUR

Active
Paul Marie DESSART

Chairman of the board of directors · since 02 juin 2023 · until 12 mai 2027

Active
Paul Marie DESSART

Managing director · since 02 juin 2023 · until 12 mai 2027

Active
SOCIETE DE CONSEIL EN GESTION ET STRATEGIE D'ENTREPRISES

Director · since 02 juin 2023 · until 12 mai 2027 · 0834.585.822

Represented by Nadine ROZENCWEIG

Active
Xavier PICHON

Director · since 02 juin 2023 · until 12 mai 2027

Active

Ended mandates

Bertrand DEMONCEAU

Vice-chairman of the board of directors · since 18 octobre 2022 · until 25 mai 2023

Ended
Letitia DUMONT

Director · since 18 octobre 2022 · until 25 mai 2023

Ended
Julie FERNANDEZ FERNANDEZ

Chairman of the board of directors · since 15 mars 2022 · until 25 mai 2023

Ended
Julie FERNANDEZ FERNANDEZ

Director · since 15 mars 2022 · until 17 juin 2022

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Dissolution03/11/2025
    RUBRIQUE FIN (CESSATION, ANNULATION CESSATION, NULLITE, CONC, REORGANISATION JUDICIAIRE, ETC...) - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Restructuring29/08/2025
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Mandates26/06/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Restructuring08/02/2024
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...) - DIVERS
    PDF
  • Registered office07/12/2023
    SIEGE SOCIAL
    PDF
  • Restructuring21/11/2023
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Mandates30/10/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates20/09/2023
    DEMISSIONS, NOMINATIONS
    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

Timeline

  1. 2025
    Annual accounts 202529,7 M €
  2. 2024
    Annual accounts 202411,2 M €
  3. 2023
    Annual accounts 2023-70,1 M €
  4. 2022
    Annual accounts 202211,8 M €
  5. 2021
    Annual accounts 202130,6 M €
  6. 2020
    Annual accounts 20209,9 M €
  7. 2019
    Annual accounts 20192 M €
  8. 2018
    Annual accounts 2018-9,9 k €