Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Shrinking team NBB
FTE fell two years in a row, from 9 to 2.
-
Busy address KBO
63 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Happy Volcano from Leuven, company number BE0638852391, closed financial year 2025 with a result of € -37,581 after tax. For that financial year Happy Volcano recorded a gross margin of € 432,144 and equity of € 802,323. Compared with financial year 2024, the result moved from € -591,515 to € -37,581. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 10, 2026.
€ 802,323
▼ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -37,581
▲ 94 % less loss than in 2024
Profit after tax over the fiscal year.
€ 257,600
▼ 22% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1 million.
People and assets in 2025
2
▼ 2.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 91,076
▼ 64% vs 2024
€ 45,500 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.
Debts at end 2025
€ 1,990
▼ 69% vs 2024
Loans from banks and other lenders, long and short.
€ 138,897
▲ 45% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 6,807
▲ 46% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,928,555 | € -477,741 | € 226,177 | € 432,144 | ▲ 91% |
| Profit after taxes | € 1,023,674 | € -1,579,975 | € -591,515 | € -37,581 | ▲ € 553,933 |
| Equity | € 3,011,393 | € 1,431,419 | € 839,904 | € 802,323 | ▼ 4% |
| Total debts | € 325,884 | € 151,808 | € 108,516 | € 149,189 | ▲ 37% |
| Cash | € 1,742,964 | € 555,986 | € 328,938 | € 257,600 | ▼ 22% |
| Retained profit | € 1,192,793 | € -387,181 | € -978,696 | € -1,016,277 | ▼ € 37,581 |
| Bank debt | € 28,822 | € 17,665 | € 6,508 | € 1,990 | ▼ 69% |
| Balance sheet total | € 3,337,278 | € 1,583,227 | € 948,420 | € 951,512 | |
| Employees (FTE) | 8.9 | 9 | 4.5 | 2 | ▼ 2.5 |
Key figures of Happy Volcano, 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 Happy Volcano?
What happened at Happy Volcano in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 37,581. filed late Source: NBB ↗
- Willig Jason Howard became a director. NBB
- Peter Maasen became a director. NBB
- Jeroen Janssen became a director. NBB
- David Prinsmel became a director. NBB
- New establishment in Leuven. KBO
- Start of the company according to the CBE. KBO
In short
From € 1 million profit in 2022 to € 37,581 loss in 2025.
Paid € 0 in corporate taxes since 2022.
Best year ever: 2022, with € 1 million profit.
On average € 216,100 of value added per employee in 2025.
Management
Behind Happy Volcano are Peter Maasen, Jeroen Janssen, Willig Jason Howard and David Prinsmel.
Directors
According to the 2025 annual accounts
Peter Maasen
Director
since 2021
Jeroen Janssen
Managing director
since 2021
Willig Jason Howard
Director
since 2024
David Prinsmel
Director
since 2021
Establishments
Establishment units
Physical locations of this company
Sluisstraat 79
3000 Leuven
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 63 companies are registered at this address.
All companies at this address →Landelijke Vereniging Outward Bound School België
€ 231,684 gross margin · 2025
ALTERA
€ 77,593 gross margin · 2025
OUTWARD BOUND TRAINING CENTER
€ 395,615 gross margin · 2025
TENFORCE
€ 7.8 million revenue · 2025
VECTOR BROSS
€ 563,585 gross margin · 2025
+58 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Google Workspace
Hosting
LEVEL27-AS * Please direct all complaints to [email protected] *, BE
Domain
Domain
happyvolcano.com
Registered
2015-05-20
Registrar
Key-Systems GmbH
Expires
2026-05-20
Website info
Features
Security
Details
- Company number
- 0638.852.391
- VAT number
- BE 0638.852.391
- Registered office
- Sluisstraat 79, 3000 Leuven
- Names & denominations
- Happy Volcano
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 September 2015
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- happyvolcano.com [email protected]
- Activities · NACE
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