Financials
Financial year 2025
Volys Star from Lendelede, company number BE0405558582, closed financial year 2025 with a result of € 4.9 million after tax. For that financial year Volys Star recorded revenue of € 155.6 million and equity of € 23.7 million. Compared with financial year 2024, the result moved from € 4.3 million to € 4.9 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 26, 2026.
€ 23.7 million
▲ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 4.9 million
▲ 14% vs 2024
Profit after tax over the fiscal year.
€ 10,815
▼ 21% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 3.9 million paid out
79 % of the profit went to the shareholders, mostly to HELUCA (100 % of the shares). That is where the money ends up.
People and assets in 2025
413
▲ 5.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 27.7 million
▲ 3% vs 2024
€ 67,100 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 154,831
▼ 34% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 6.4 million
▼ 9% vs 2024
€ 639,055 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 23.1 million
▼ 5% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 69 days on average.
€ 4.7 million
▲ 2% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 132,614,243 | € 144,710,318 | € 149,505,196 | € 155,641,529 | ▲ 4% |
| Profit after taxes | € -5,136,513 | € 1,662,466 | € 4,322,607 | € 4,921,503 | ▲ 14% |
| Equity | € 18,622,148 | € 20,282,150 | € 22,702,292 | € 23,721,754 | ▲ 4% |
| Total debts | € 37,712,776 | € 30,336,652 | € 36,086,400 | € 36,029,397 | |
| Cash | € 114,742 | € 18,025 | € 13,613 | € 10,815 | ▼ 21% |
| Land & buildings | € 5,239,205 | € 4,604,188 | € 4,014,167 | € 3,560,558 | ▼ 11% |
| Retained profit | € 7,000,057 | € 8,662,523 | € 11,085,130 | € 12,106,427 | ▲ 9% |
| Dividend | € 0 | € 0 | € 1,900,000 | € 3,900,206 | ▲ 105% |
| Bank debt | € 16,200,417 | € 7,705,275 | € 7,066,220 | € 6,427,165 | ▼ 9% |
| Balance sheet total | € 56,334,923 | € 50,618,802 | € 58,788,693 | € 59,751,152 | ▲ 2% |
| Employees (FTE) | 408 | 410.9 | 407.1 | 413 | ▲ 5.9 |
Key figures of Volys Star, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Volys Star?
What happened at Volys Star in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- HELUCA NV stepped down as director. NBB
- DYNOBRYON BV stepped down as director. NBB
- FCH CONSULTANCY Comm. VA stepped down as director. NBB
- HUBSTEF NV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 4.9 million (▲ 14% vs 2024). filed late Source: NBB ↗
- DYNOBRYON BV became a director. NBB
- FCH CONSULTANCY Comm. VA became a director. NBB
- HUBSTEF NV became a director. NBB
In short
From € 5.1 million loss in 2022 to € 4.9 million profit in 2025.
Paid € 2.2 million in corporate taxes since 2022.
Best year ever: 2025, with € 4.9 million profit.
Paid out € 5.8 million in dividends to the owners in total.
Management
The stake of HELUCA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Volys StarThe shares are held by HELUCA (100%). It owns 100% of VOLYS STAR and 32.3% of DUVACO itself.
Directors
According to the 2025 annual accounts
Director · represented by Erwin WUYTS
since 2024 · until 2027
Managing director · represented by Gwijde VERSELE
Also active at: VERLINFO, VERLA-SEEDS, Versele-Laga, Verlacor, ORLUX, A.D.S., BK, SOFINDEV IV
since 2023 · until 2029
Director · represented by Frank HUYGHE
since 2024 · until 2027
Director · represented by Matthias VERSELE
since 2024 · until 2027
Shareholders
100%
Participations
VOLYS STAR
100%
32.3%
Establishments
Establishment units
Physical locations of this company
Oudstrijderslaan 11
8860 Lendelede
Wittestraat(Heu) 10
8501 Kortrijk
Active since 1 April 2019
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0405.558.582
- VAT number
- BE 0405.558.582
- Registered office
- Oudstrijderslaan 11, 8860 Lendelede
- Names & denominations
- Volys Star
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1968
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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