ACTIVE

VOSE SOFTWARE

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Financial year 2025 · closed on 30/06/2025

Net result

205,2 k €

+22.9% YoY

Gross margin

694,2 k €

+13.8% YoY

Equity

774,3 k €

+34.6% YoY

What does VOSE SOFTWARE do?

VOSE SOFTWARE is a Private company with limited liability incorporated in 2008. Its registered office is in Gent.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0895.601.691

Incorporation

08/02/2008

Legal form

Private company with limited liability

Registered office

Kompasplein 14
9000 Gent · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

30/06/2025

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 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	694,2 k €	+13.8%	609,9 k €	+80.9%	337,1 k €	+38.9%	242,7 k €	+15.5%	210,1 k €	+87.0%	112,4 k €	-31.5%	164 k €	+4046%	-4,2 k €	-103%	131,6 k €	-15.7%	156 k €	-28.5%	218,2 k €	+101%	108,8 k €	+3.8%	104,8 k €	-19.9%	130,8 k €	-13.1%	150,5 k €	-24.2%	198,6 k €	-4.9%	208,8 k €
EBITDA	331,3 k €	+16.1%	285,4 k €	+23.3%	231,4 k €	+13.5%	203,9 k €	+15.4%	176,8 k €	+130%	76,7 k €	-29.4%	108,6 k €	+282%	-59,7 k €	-186%	69,5 k €	-24.4%	91,9 k €	-40.6%	154,6 k €	+264%	42,5 k €	+203%	14 k €	-60.2%	35,3 k €	+56.4%	22,6 k €	+184%	-26,8 k €	-208%	-8,7 k €
Operating result	290 k €	+24.2%	233,5 k €	+51.3%	154,4 k €	+16.0%	133 k €	+28.2%	103,8 k €	+1314%	7,3 k €	-85.3%	50 k €	+159%	-84,8 k €	-274%	48,8 k €	-39.6%	80,7 k €	-47.4%	153,6 k €	+268%	41,8 k €	+219%	13,1 k €	-58.9%	31,8 k €	+54.1%	20,7 k €	+173%	-28,4 k €	-194%	-9,7 k €
Net result	205,2 k €	+22.9%	167 k €	+62.4%	102,8 k €	+2.4%	100,4 k €	+17.8%	85,3 k €	+2120%	3,8 k €	-90.8%	41,7 k €	+144%	-94,1 k €	-681%	16,2 k €	-19.4%	20,1 k €	-85.6%	139,2 k €	+695%	-23,4 k €	-228%	18,4 k €	+0.5%	18,3 k €	+5.2%	17,4 k €	+149%	-35,6 k €	-72.1%	-20,7 k €
Balance sheet
Equity	774,3 k €	+34.6%	575,3 k €	+40.9%	408,3 k €	+33.7%	305,5 k €	+49.0%	205 k €	+71.2%	119,8 k €	+3.3%	115,9 k €	+56.2%	74,2 k €	-55.9%	168,3 k €	+10.6%	152,1 k €	+15.2%	132 k €	+1948%	-7,1 k €	-144%	16,3 k €	+876%	-2,1 k €	+89.7%	-20,4 k €	+46.0%	-37,7 k €	-1703%	-2,1 k €
Total assets	871,4 k €	+16.9%	745,3 k €	+31.9%	564,9 k €	+15.0%	491,1 k €	+35.9%	361,4 k €	+25.5%	288 k €	-5.0%	303,1 k €	+8.2%	280,1 k €	+5.3%	266,1 k €	+14.1%	233,2 k €	+7.7%	216,6 k €	+152%	85,9 k €	-48.9%	168,1 k €	-32.4%	248,7 k €	+25.8%	197,7 k €	+92.1%	102,9 k €	-35.7%	160,2 k €
Cash	591,8 k €	+27.1%	465,6 k €	+40.3%	331,8 k €	+25.9%	263,5 k €	+112%	124,1 k €	+270%	33,6 k €	-48.8%	65,6 k €	-44.2%	117,5 k €	+14.2%	102,9 k €	+117%	47,4 k €	-19.5%	58,8 k €	+142%	24,3 k €	-75.1%	97,4 k €	+103%	48 k €	+28.1%	37,5 k €	-28.1%	52,1 k €	-48.1%	100,5 k €
Debts	97,1 k €	-42.7%	169,4 k €	+8.2%	156,7 k €	-15.6%	185,6 k €	+18.7%	156,4 k €	-7.0%	168,2 k €	-10.1%	187,2 k €	-9.1%	205,9 k €	+111%	97,7 k €	+20.5%	81,1 k €	-4.0%	84,4 k €	-9.3%	93,1 k €	-38.7%	151,9 k €	-39.4%	250,8 k €	+15.0%	218,1 k €	+55.1%	140,6 k €	-13.3%	162,3 k €
Other
Workforce	–		–		–		–		–		–		–		1,1 ETP	-21.4%	1,4 ETP	+16.7%	1,2 ETP	-14.3%	1,4 ETP	0.0%	1,4 ETP	-12.5%	1,6 ETP	-20.0%	2,0 ETP	0.0%	2,0 ETP	-33.3%	3,0 ETP	-25.0%	4,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 5 ended

Active mandates

Timour Koupeev

Director · since 24 janvier 2008

Active

Ended mandates

David Vose

Director · since 24 janvier 2008

Ended

David Vose

Manager · since 24 janvier 2008

Ended

DAVID VOSE

Manager

Ended

GROENENDAAL LLC

Mandate

Ended

At this address

Other companies at this address

Company	CBE no.
Risk Solutions Holding● Active	1039.107.451

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/01/2026	30/01/2025	30/01/2024	31/01/2023	31/01/2022	28/01/2021
General meeting	30/12/2025	27/12/2024	29/12/2023	30/12/2022	31/12/2021	25/12/2020
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	30/12/2025	30/01/2026	Dutch	PDF
Micro model	30/06/2024	27/12/2024	30/01/2025	Dutch	PDF
Micro model	30/06/2023	29/12/2023	30/01/2024	Dutch	PDF
Micro model	30/06/2022	30/12/2022	31/01/2023	Dutch	PDF
Micro model	30/06/2021	31/12/2021	31/01/2022	Dutch	PDF
Micro model	30/06/2020	25/12/2020	28/01/2021	Dutch	PDF
Micro model	30/06/2019	27/12/2019	31/01/2020	Dutch	PDF
Abridged model	30/06/2018	22/02/2019	28/02/2019	Dutch	PDF
Abridged model	30/06/2017	15/02/2018	21/02/2018	Dutch	PDF
Abridged model	30/06/2016	17/01/2017	31/01/2017	Dutch	PDF
Abridged model	30/06/2015	28/12/2015	12/01/2016	Dutch	PDF
Abridged model	30/06/2014	12/01/2015	12/02/2015	Dutch	PDF
Abridged model	30/06/2013	27/12/2013	14/02/2014	Dutch	PDF
Abridged model	30/06/2012	28/12/2012	08/02/2013	Dutch	PDF
Abridged model	30/06/2011	30/12/2011	09/02/2012	Dutch	PDF
Abridged model	30/06/2010	31/12/2010	26/01/2011	Dutch	PDF
Abridged model	30/06/2009	28/12/2009	23/02/2010	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 30/06/2025 · 1 active · 5 ended

Active mandates

Timour Koupeev

Director · since 24 janvier 2008

Active

Ended mandates

David Vose

Director · since 24 janvier 2008

Ended

David Vose

Manager · since 24 janvier 2008

Ended

DAVID VOSE

Manager

Ended

GROENENDAAL LLC

Mandate

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office02/10/2025
MAATSCHAPPELIJKE ZETEL
PDF
Mandates09/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Registered office27/10/2016
MAATSCHAPPELIJKE ZETEL
PDF
Registered office01/08/2013
MAATSCHAPPELIJKE ZETEL
PDF
Other19/02/2008
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 2025205,2 k €↑
2024
Annual accounts 2024167 k €↑
2023
Annual accounts 2023102,8 k €↑
2022
Annual accounts 2022100,4 k €↑
2021
Annual accounts 202185,3 k €↑
2020
Annual accounts 20203,8 k €↓
2019
Annual accounts 201941,7 k €↑
2018
Annual accounts 2018-94,1 k €↓
2017
Annual accounts 201716,2 k €↓
2016
Annual accounts 201620,1 k €↓
2015
Annual accounts 2015139,2 k €↑
2014
Annual accounts 2014-23,4 k €↓
2013
Annual accounts 201318,4 k €↑
2012
Annual accounts 201218,3 k €↑
2011
Annual accounts 201117,4 k €↑
2010
Annual accounts 2010-35,6 k €↓
2009
Annual accounts 2009-20,7 k €
08/02/2008
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

VOSE SOFTWARE

Overview

What does VOSE SOFTWARE do?

Trend over 17 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