Financials
Financial year 2026
VOLCKE AEROSOL BELGIUM from Kuurne, company number BE0428090989, closed financial year 2026 with a result of € 1.2 million after tax. For that financial year VOLCKE AEROSOL BELGIUM recorded revenue of € 22.7 million and equity of € 6.7 million. Compared with financial year 2025, the result moved from € 704,508 to € 1.2 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 September 30, 2026.
€ 6.7 million
▲ 12% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.2 million
▲ 70% vs 2025
Profit after tax over the fiscal year.
€ 253,232
▼ 37% vs 2025
Cash and bank balances on the last day of the fiscal year.
€ 500,000 paid out
42 % of the profit went to the shareholders, mostly to Volcke Aerosol Connection PLC (100 % of the shares). That is where the money ends up.
People and assets in 2026
46.5
▲ 3.4 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 3.3 million
▲ 12% vs 2025
€ 70,600 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.
€ 133,564
▲ 53% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 2.5 million
▼ 38% vs 2025
Loans from banks and other lenders, long and short.
€ 2 million
▲ 18% vs 2025
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 41 days on average.
€ 473,423
▼ 4% vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Revenue | € 21,889,922 | € 20,753,395 | € 22,511,748 | € 22,668,557 | ▲ 1% |
| Profit after taxes | € 102,564 | € 497,903 | € 704,508 | € 1,197,073 | ▲ 70% |
| Equity | € 4,755,534 | € 5,253,436 | € 5,957,944 | € 6,655,017 | ▲ 12% |
| Total debts | € 9,485,065 | € 8,020,261 | € 6,215,900 | € 5,004,405 | ▼ 19% |
| Cash | € 104,225 | € 103,447 | € 401,394 | € 253,232 | ▼ 37% |
| Retained profit | € 4,581,934 | € 5,079,836 | € 5,784,344 | € 6,481,417 | ▲ 12% |
| Dividend | € 0 | € 0 | € 0 | € 500,000 | |
| Bank debt | € 6,859,148 | € 5,600,384 | € 3,972,054 | € 2,463,335 | ▼ 38% |
| Balance sheet total | € 14,485,546 | € 13,477,132 | € 12,335,766 | € 11,821,344 | ▼ 4% |
| Employees (FTE) | 41.4 | 42.6 | 43.1 | 46.5 | ▲ 3.4 |
Key figures of VOLCKE AEROSOL BELGIUM, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to VOLCKE AEROSOL BELGIUM?
What happened at VOLCKE AEROSOL BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Stefaan (Stephan) Volcke stepped down as director. NBB
- Volcke Aerosol Connection PLC stepped down as director. NBB
- BARBARA GINNEBERGE stepped down as director. NBB
- D & D Management Consulting Bv stepped down as director. NBB
- B Greenfields Bv stepped down as director. NBB
- DARIO STEINER stepped down as director. NBB
- New annual accounts for financial year 2026: profit of € 1.2 million (▲ 70% vs 2025). Source: NBB ↗
- Stefaan (Stephan) Volcke became a director. NBB
In short
From € 102,564 profit in 2023 to € 1.2 million profit in 2026.
Paid € 1.2 million in corporate taxes since 2023.
Best year ever: 2026, with € 1.2 million profit.
Paid out € 500,000 in dividends to the owners in total.
Management
The shares are held by Volcke Aerosol Connection PLC (99.9%) and Jeff Volcke (0.1%). It owns 100% of Tulip Innovation BV itself.
Directors
According to the 2026 annual accounts
Stefaan (Stephan) Volcke
Director
since 2025 · until 2027
Volcke Aerosol Connection PLC
Director · represented by Stefaan Volcke
since 2024 · until 2027
BARBARA GINNEBERGE
Director
since 2024 · until 2027
D & D Management Consulting Bv
Director · represented by Dimitri Breine
since 2024 · until 2027
Director, Chairman of the board · represented by Jeff Volcke
Also active at: GOODMARK EUROPE
since 2024 · until 2027
DARIO STEINER
Director
since 2024 · until 2027
Shareholders
Volcke Aerosol Connection PLC
99.9%
Jeff Volcke
0.1%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Industrielaan 15
8520 Kuurne
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0428.090.989
- VAT number
- BE 0428.090.989
- Registered office
- Industrielaan 15, 8520 Kuurne
- Names & denominations
- VOLCKE AEROSOL BELGIUM · VAC · "Volcke Aerosol Company", afgekort "V.A.C. Aerosols"
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 November 1985
- Peppol
- Active · Active since 1 Dec 2025
- Activities · NACE
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