VOSE SOFTWARE
ActiveThe computed 12-month bankruptcy probability of VOSE SOFTWARE is 1.5% (moderate). The 2025 annual accounts show equity of €774k and a net result of €205k. Equity is growing by ~41% per year across the filed fiscal years. Its solvency ranks better than 93% of 17540 sector peers (fiscal year 2025). The company has been active since 2008 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).
Checked score
Score 2025
100
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Stability84
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity ample (current ratio 9.56 against 4.37 in 2024), and 11.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
88.9%
Return on assets
23.6%
Age of the figures
14 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
1 d early
2022
on the day
2021
on the day
2020
3 d early
2019
on the day
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Address struckAddress strikeout annulled
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close07-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€774k▲ 34.6%
2024 · €575k
2020: €120k
2021: €205k
2022: €305k
2023: €408k
2024: €575k
2020 → 2025
Total assets
€871k▲ 16.9%
2024 · €745k
2020: €288k
2021: €361k
2022: €491k
2023: €565k
2024: €745k
2020 → 2025
Net result
€205k▲ 22.9%
2024 · €167k
2020: €99k
2021: €185k
2022: €100k
2023: €103k
2024: €167k
2020 → 2025
Working capital
€743k▲ 44.4%
2024 · €515k
2020: €-96k
2021: €32k
2022: €148k
2023: €305k
2024: €515k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€205k-€305k▲ 49.0%€408k▲ 33.7%€575k▲ 40.9%€774k▲ 34.6%
Operating result€104k-€133k▲ 28.2%€154k▲ 16.0%€234k▲ 51.3%€290k▲ 24.2%
Net result€185k-€100k▼ 45.6%€103k▲ 2.4%€167k▲ 62.4%€205k▲ 22.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 24% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €871k
Fixed assets
€41k▼ 46.7%
Current assets
€830k▲ 24.3%
Equity and liabilities €871k
Equity
€774k▲ 34.6%
Debt
€97k▼ 42.9%
The debt ratio falls from 22.8% to 11.1%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€331k▲
2024 · €285k
Cash flow
€247k▲
2024 · €219k
Solvency
88.9%▲
2024 · 77.2%
Current ratio
9.56▲
2024 · 4.37
Quick ratio
9.56▲
2024 · 4.37
Debt / equity
0.13▼
2024 · 0.30
ROE
26.5%▼
2024 · 29.0%
ROA
23.6%▲
2024 · 22.4%
Interest coverage
22.60▲
2024 · 22.48
Debt
€97k▼
2024 · €170k
Debt ≤ 1 year
€87k▼
2024 · €153k
Debt > 1 year
€10k▼
2024 · €16k
Income taxes
€71k▲
2024 · €59k
Staff costs
€362k▲
2024 · €324k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Total assets20/58€745k€871k▲
Fixed assets21/28€77k€41k▼
Intangible fixed assets21€46k€19k▼
Tangible fixed assets22/27€24k€13k▼
Financial fixed assets28€7k€9k▲
Current assets29/58€668k€830k▲
Amounts receivable within one year40/41€199k€234k▲
Cash & bank54/58€466k€592k▲
Total equity & liabilities10/49€745k€871k▲
Equity10/15€575k€774k▲
Contributions / capital10/11€19k€19k=
Reserves13€2k€2k=
Accumulated profits (losses)14€555k€754k▲
Amounts payable17/49€170k€97k▼
Amounts payable after one year17€16k€10k▼
Amounts payable within one year42/48€153k€87k▼
Trade debts payable within one year44€19k€39k▲
Income statement
Code20242025
Gross operating margin9900€610k€694k▲
Operating result9901€234k€290k▲
Financial income75€5k€667▼
Financial charges65€13k€15k▲
Result before taxes9903€226k€276k▲
Income taxes67/77€59k€71k▲
Net result for the period9904€167k€205k▲
Result to be appropriated9905€167k€205k▲
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
03-10
KBO administration
Address strikeout annulled
02-10
State Gazette act
Registered-office change
08-08
KBO administration
Address struck
Antwerpsesteenweg Die Sitzadresse Antwerpsesteenweg 489 9040
9040 Gent · event 01-06-2025
30-06
Financial
Highest result since 2020net €205k ▲22.9%
Operating result €290k, net result €205k, both a record.
30-06
Financial
Liquidity doublescurrent ratio 9.56
Current ratio from 4.37 to 9.56; short-term debt falls from €153k to €87k.
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
09-09
State Gazette act
Director changes
30-06
Financial
Equity above €500kEq €575k ▲40.9%
5 profitable years in a row build equity to €575k.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Liquidity triplescurrent ratio 1.20
Current ratio from 0.43 to 1.20; short-term debt falls from €168k to €156k.
30-06
Financial
Equity above €200kEq €205k ▲71.2%
2 profitable years in a row build equity to €205k.
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
21-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 21 days late
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, last change in 2024
Taimuraz Kupeev
CurrentDirector · since 19-07-2024
19-07-2024
Taimuraz Kupeev: Appointed as Director
18-07-2024
David Vose: Resigned as Director
Not every act has been read: a resignation may be missing here
4 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2008
Ground area
1,872 m²
Building footprint
318 m²
Volume, LiDAR
57 m³
Parcel 44807G0918/00W000, Flanders · tallest building 4.8 m. Linked by address, not a title deed.
1 establishment unit
VOSE SOFTWARE
since 20082.170.573.651
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44807G0918/00W000 | Flanders | 1,872 m² | 1 · 318 m² | 4.8 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,213 companies in sector 47400 we hold annual accounts for 1,785. 932 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded08-02-2008
Fiscal year end30-06
Activities, NACEBEL
47400Retail sale of information and communication equipment
47410Retail trade
71121Engineering and related technical consultancy, excluding land surveyors
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 12-08-2026. Scores and ratios are computed by Checked and are not a credit decision.