ACTIVE

VOLA

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Financial year 2025 · closed on 31/12/2025

Net result

341,5 k €

-25.1% YoY

Gross margin

880,4 k €

-12.3% YoY

Equity

401,1 k €

+573.8% YoY

Workforce

4,0 ETP

0.0% YoY

What does VOLA do?

VOLA is a Private company with limited liability incorporated in 2004. Its registered office is in Bruxelles. It employs on average 4,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0867.111.110

Incorporation

07/09/2004

Legal form

Private company with limited liability

Registered office

Avenue du Port 86C box 2b
1000 Bruxelles · BruxellesSee on map

Contributed capital

20 000,00 €

Latest accounts

31/12/2025

Average workforce

4,0 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2015		2014		2010		2009		2008		2007		2006
Income statement
Gross margin	880,4 k €	-12.3%	1 M €	-5.9%	1,1 M €	-36.4%	1,7 M €	-4.7%	1,8 M €	+7.5%	1,6 M €		–		–		–		–		–		–		–		–		–		–
EBITDA	454 k €	-24.0%	597,2 k €	-9.6%	660,4 k €	-49.1%	1,3 M €	-3.2%	1,3 M €	+6.8%	1,3 M €	-3.7%	1,3 M €	+2.9%	1,3 M €	-4.4%	1,3 M €	+21.0%	1,1 M €	+26.2%	866,2 k €	+174%	316,2 k €	+71.0%	184,9 k €	-13.4%	213,6 k €	-0.4%	214,4 k €	+186%	74,9 k €
Operating result	444,7 k €	-25.3%	595,2 k €	-8.0%	646,7 k €	-49.6%	1,3 M €	-2.6%	1,3 M €	+7.4%	1,2 M €	-3.7%	1,3 M €	+3.4%	1,2 M €	-4.7%	1,3 M €	+25.9%	1 M €	+23.5%	831,3 k €	+177%	300,5 k €	+73.7%	173,1 k €	-12.9%	198,6 k €	+2.6%	193,5 k €	+417%	37,4 k €
Net result	341,5 k €	-25.1%	456 k €	-5.9%	484,7 k €	-49.3%	955,5 k €	-8.4%	1 M €	+22.3%	853,3 k €	-4.2%	890,5 k €	+3.1%	863,8 k €	+2.4%	843,4 k €	+19.9%	703,4 k €	+28.4%	547,8 k €	+191%	188,4 k €	+68.7%	111,7 k €	-8.1%	121,5 k €	-21.1%	154 k €	+532%	24,4 k €
Balance sheet
Equity	401,1 k €	+574%	59,5 k €	-80.4%	303,6 k €	+38.7%	218,8 k €	+34.0%	163,3 k €	+36.2%	119,9 k €	-74.3%	466,5 k €	-19.0%	576 k €	+2.4%	562,3 k €	+15.9%	485,1 k €	+0.7%	481,7 k €	+152%	191,2 k €	-36.9%	302,8 k €	+58.4%	191,1 k €	+175%	69,6 k €	+182%	-84,4 k €
Total assets	711,1 k €	-34.7%	1,1 M €	+10.0%	989,6 k €	-29.1%	1,4 M €	-7.0%	1,5 M €	-13.8%	1,7 M €	-5.4%	1,8 M €	+3.9%	1,8 M €	-3.4%	1,8 M €	+19.4%	1,5 M €	+21.4%	1,3 M €	+61.1%	786,9 k €	+60.8%	489,5 k €	+31.5%	372,3 k €	-5.1%	392,4 k €	+45.5%	269,6 k €
Cash	450,9 k €	-41.7%	773 k €	+62.3%	476,4 k €	-39.1%	782,5 k €	-4.5%	819,7 k €	-33.8%	1,2 M €	+9.9%	1,1 M €	+1.4%	1,1 M €	-6.5%	1,2 M €	+28.4%	925,5 k €	+25.4%	738,1 k €	+54.1%	479 k €	+320%	114,2 k €	+60.3%	71,2 k €	+189%	24,6 k €	+80.7%	13,6 k €
Debts	298,1 k €	-70.8%	1 M €	+51.5%	674 k €	-42.3%	1,2 M €	-12.1%	1,3 M €	-17.6%	1,6 M €	+18.0%	1,4 M €	+14.9%	1,2 M €	-5.4%	1,3 M €	+20.8%	1 M €	+35.1%	770,7 k €	+32.4%	581,9 k €	+235%	173,9 k €	+0.9%	172,2 k €	-45.3%	314,8 k €	-8.8%	345 k €
Other
Workforce	4,0 ETP	0.0%	4,0 ETP	0.0%	4,0 ETP	-7.0%	4,3 ETP	-14.0%	5,0 ETP	0.0%	5,0 ETP	+35.1%	3,7 ETP	+12.1%	3,3 ETP	-25.0%	4,4 ETP	+10.0%	4,0 ETP	+8.1%	3,7 ETP	+106%	1,8 ETP	-33.3%	2,7 ETP	-10.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 11 ended

Active mandates

Bithé TOFTING

Director · since 08 janvier 2010

Active

Johannes SAUGBERG

Director · since 08 janvier 2010

Active

Ended mandates

Birthe Tofting

Manager · since 08 janvier 2010

Ended

Bithé TOFTING

Manager · since 08 janvier 2010

Ended

Johannes SAUGBERG

Manager · since 08 janvier 2010

Ended

Johannes Saugbjerg

Manager · since 08 janvier 2010

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	10/08/2026	03/07/2025	02/07/2024	14/06/2023	22/06/2022	01/07/2021
General meeting	10/08/2026	20/06/2025	28/06/2024	12/06/2023	08/06/2022	25/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	10/08/2026	10/08/2026	Dutch	PDF
Abridged model	31/12/2024	20/06/2025	03/07/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	02/07/2024	Dutch	PDF
Abridged model	31/12/2022	12/06/2023	14/06/2023	Dutch	PDF
Abridged model	31/12/2021	08/06/2022	22/06/2022	Dutch	PDF
Abridged model	31/12/2020	25/06/2021	01/07/2021	Dutch	PDF
Full model	31/12/2019	03/07/2020	23/07/2020	Dutch	PDF
Full model	31/12/2018	21/06/2019	14/08/2019	Dutch	PDF
Full model	31/12/2017	09/03/2018	27/07/2018	Dutch	PDF
Full model	31/12/2016	16/06/2017	19/07/2017	Dutch	PDF
Full model	31/12/2015	17/06/2016	04/01/2017	Dutch	PDF
Full model	31/12/2014	19/06/2015	28/07/2015	Dutch	PDF
Full model	31/12/2013	09/05/2014	05/06/2014	Dutch	PDF
Full model	31/12/2012	28/06/2013	31/07/2013	Dutch	PDF
Full model	31/12/2011	14/11/2012	21/12/2012	Dutch	PDF
Full model	31/12/2010	30/06/2011	21/09/2011	Dutch	PDF
Full model	31/12/2009	30/06/2010	30/07/2010	Dutch	PDF
Full model	31/12/2008	30/06/2009	28/07/2009	Dutch	PDF
Full model	31/12/2007	30/06/2008	12/08/2008	Dutch	PDF
Full model	31/12/2006	29/06/2007	28/01/2008	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 11 ended

Active mandates

Bithé TOFTING

Director · since 08 janvier 2010

Active

Johannes SAUGBERG

Director · since 08 janvier 2010

Active

Ended mandates

Birthe Tofting

Manager · since 08 janvier 2010

Ended

Bithé TOFTING

Manager · since 08 janvier 2010

Ended

Johannes SAUGBERG

Manager · since 08 janvier 2010

Ended

Johannes Saugbjerg

Manager · since 08 janvier 2010

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates18/08/2026
Herbenoeming van commissaris
PDF
Mandates26/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/01/2021
ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
PDF
Mandates13/02/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/08/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/05/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/11/2011
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/03/2010
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 2025341,5 k €↓
2024
Annual accounts 2024456 k €↓
2023
Annual accounts 2023484,7 k €↓
2022
Annual accounts 2022955,5 k €↓
2021
Annual accounts 20211 M €↑
2020
Annual accounts 2020853,3 k €↓
2019
Annual accounts 2019890,5 k €↑
2018
Annual accounts 2018863,8 k €↑
2017
Annual accounts 2017843,4 k €↑
2015
Annual accounts 2015703,4 k €↑
2014
Annual accounts 2014547,8 k €↑
2010
Annual accounts 2010188,4 k €↑
2009
Annual accounts 2009111,7 k €↓
2008
Annual accounts 2008121,5 k €↓
2007
Annual accounts 2007154 k €↑
2006
Annual accounts 200624,4 k €
07/09/2004
IncorporationPrivate company with limited liability

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

VOLA

Overview

What does VOLA do?

Trend over 16 financial years

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