Equity
€158,402 from €343,639 in 2019
Equity fell by 54% in 6 years.
VAARTS
Part of the group
24 companies in 4 countries
Lifetime
20 annual accounts with figures on one time axis, 25 filings since 2001peak €453,785 (2011)
-not published
lowest -€50,007 (2009)
€2,994▼ 93.4%
peak €343,639 (2019)
€158,402▲ 1.9%
€193,414▲ 88.7%
peak 8.6 FTE (2008)
3.8 FTE
Board7 names since 2021
2 directors and 1 other
Owners2 names in the annual accounts
100% and 1 other
Documentsfilings and deeds
28-08-202628 days late
2025financial year
Result from €45,258 to €2,9942 directors appointed, 2 resignations 17-03Debts from €102,524 to €193,414Cash from €20,401 to €11,092
Key points
from the 2025 annual accountsDebts
€193,414 ▲ 88.7%
Debts rose by €90,890 in 2025.
Staff
3.8 FTE from 8.6 in 2008
Between 2008 and 2025, 56% of the full-time equivalents disappeared.
2025 accounts filed 28 days after the deadline
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 17,044 companies had the same profile as VAARTS has now. Each dot stands for 43 companies, two years later.
94.3%
were still trading
5.0%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,044 companies, not a prediction for VAARTS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Board and ownership
Director, since 07-02-2025
Director, since 07-02-2025
- 100%score equity -€1.3m (2025) · 2025 annual accounts of
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0472693173
2 directors appointed, 2 resignations
Resignations: and · Appointments: and · Permanent representative: · General meeting of 07-02-2025 · Gazette deed
Changes of role: (director) and (director)
Permanent representative: · Director discharge: · Director discharge: · Gazette deed
Registered office moved from Soumagne to Visé
New registered office: Rue de Maestricht 98, 4600 Visé · Previous registered office: Rue Saint-Fiacre 10, 4630 Soumagne · General meeting of 18-05-2018 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VAARTS Charleroi | €0.4m | 1.5% | 45.0% | 3.8 |
| ERIPM Eupen | €0.5m | 5.3% | 3.6% | 4 |
| les Ateliers HMC Herstal | €0.3m | -1.3% | 39.7% | 1.9 |
| COTIMA Temse | €0.3m | 10.4% | 10.9% | - |
| ROOSEN NC Arendonk | €1.6m | 1.1% | 15.7% | 2 |
| METAL-GENT Merelbeke-Melle | €1.5m | 0.1% | 85.5% | 7.7 |
| ETABLISSEMENTS A.MENGEOT Gerpinnes | €0.6m | -1.0% | 73.3% | - |
Grey: the largest companies of the sector (fabricated metal products (NACE 25)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as VAARTS: machining of metals (NACE 25530). They are comparable in size and age: total assets between €338,000 and €838,000, founded between 1985 and 2013.
Official details
Source: KBO- Status
- Active since 01-09-2000Normal situation
- Registered office
- 23 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 13 November 2026.
- Activity
- Machining of metalsNACE 25530and 2 others
- Joint committee
- 111Metal, mechanical and electrical engineering · annual accounts 2025
- Establishment unit
- 2.131.413.8604600 Visé, since 22-09-2000
- Financial year end
- 31 December
- Peppol
- Reachable since 11-12-2025
Annual accounts 2025
- €351,816▲ 36.4%
- Employeeson 31-12-2025
- 4▲ 33.3%
- Filing
- Filed on 28-08-2026
Companies linked to VAARTS
Parent and group
Insights on VAARTS
Solvency fell in 2025 from 60.3% to 45.0% because of higher debts to suppliers.
holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VAARTS
- What is the company number of VAARTS?
- The company number of VAARTS is 0472.693.173. The VAT number is the same number with BE in front: BE 0472.693.173.
- Where is VAARTS based?
- The registered office is at Rue Bernipré 30, 6041 Charleroi.Company details
- What does VAARTS do?
- According to the KBO register, the main activity is machining of metals (NACE 25530).
- What is the legal form of VAARTS?
- VAARTS is a private limited company (BV).
- When was VAARTS founded?
- VAARTS was founded on 01-09-2000.
- Is VAARTS still active?
- Yes, VAARTS is an active enterprise in the KBO register.
- How many employees does VAARTS have?
- VAARTS had an average of 3.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does VAARTS fall under?
- In its 2025 annual accounts, VAARTS states joint committee 111 (Metal, mechanical and electrical engineering).
- What is the turnover of VAARTS?
- The turnover of VAARTS was €395,289 in financial year 2025, according to the filed annual accounts.
- Is VAARTS profitable?
- In financial year 2025, VAARTS made a profit of €2,994.
- Where can I find the annual accounts of VAARTS?
- VAARTS filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VAARTS due?
- VAARTS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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