VAR DEVELOPMENT
ActiveSummary
The computed 12-month bankruptcy probability of VAR DEVELOPMENT is 3.7% (moderate). The 2024 annual accounts show negative equity (-€1,620) and a net result of -€127. Equity is shrinking by ~4.1% per year across the filed fiscal years. The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0
Solvency0=
Growth78=
Track record100
Bankruptcy probability, 12 months
3.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Age of the figures
Age of the figures
21 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
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€1,620
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
35 d early
2022
40 d early
2021
33 d early
2020
108 d late
2019
45 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€1,620▼ 8.5%
2023 · -€1,493
Total assets
€7=
2023 · €7
Net result
-€127▼ 124%
2022 · -€57
Working capital
-€1,620▼ 8.5%
2023 · -€1,493
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€390-€57▲ 85.4%-€127
Net result-€10-€390▼ 3,884%-€57▲ 85.4%-€127
Equity-€1,045▼ 0.9%-€1,436▼ 37.4%-€1,493▼ 4.0%-€1,493=-€1,620▼ 8.5%
Total assets€82▼ 99.2%€82=€7▼ 92.0%€7=€7=
Debt€1,127▼ 90.0%€1,517▲ 34.6%€1,499▼ 1.2%€1,499=€1,626▲ 8.5%
Working capital-€1,045▼ 0.9%-€1,436▼ 37.4%-€1,493▼ 4.0%-€1,493=-€1,620▼ 8.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is -€127 in 2024, compared with -€57 in 2022. Comparable figures for the intervening years are unavailable.
Key figures and ratios
Debt ≤ 1 year
€1,626▲
2023 · €1,499
Ratios withheld: a balance sheet total of €7 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €101 | - | - | - | - |
| Gross operating margin9900 | - | -€289 | -€57 | - | -€127 | - |
| Operating profit (loss)9901 | - | -€390 | -€57 | - | -€127 | - |
| Recurring financial charges65 | €10 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€10 | -€390 | -€57 | - | -€127 | - |
| Profit (loss) for the period9904 | -€10 | -€390 | -€57 | - | -€127 | - |
| Profit (loss) for the period to be appropriated9905 | -€10 | -€390 | -€57 | - | -€127 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €82 | €82 | €7 | €7 | €7 | = |
| Current assets29/58 | €82 | €82 | €7 | €7 | €7 | = |
| Amounts receivable within one year40/41 | €75 | €75 | - | - | - | - |
| Other amounts receivable41 | - | €75 | - | - | - | - |
| Cash at bank and in hand54/58 | €7 | €7 | €7 | €7 | €7 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €82 | €82 | €7 | €7 | €7 | = |
| Equity10/15 | -€1,045 | -€1,436 | -€1,493 | -€1,493 | -€1,620 | ▼ 8.5% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€19,645 | -€20,036 | -€20,093 | -€20,093 | -€20,220 | ▼ 0.6% |
| Amounts payable17/49 | €1,127 | €1,517 | €1,499 | €1,499 | €1,626 | ▲ 8.5% |
| Amounts payable within one year42/48 | €1,127 | €1,517 | €1,499 | €1,499 | €1,626 | ▲ 8.5% |
| Trade debts44 | - | €235 | - | - | - | - |
| Suppliers440/4 | - | €235 | - | - | - | - |
| Other amounts payable47/48 | - | €1,283 | €1,499 | €1,499 | €1,626 | ▲ 8.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10 | -€390 | -€57 | - | -€127 | - |
| Operating cash flow (approximation) | -€10 | -€390 | -€57 | - | -€127 | - |
| Change in cash | - | €0 | €0 | €0 | €0 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
16-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 108 days late
2020
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €34,961
Net result €34,961 after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
08-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Wuustwezel · 1 establishment unit since 2014
Ground area
6,309 m²
Building footprint
724 m²
Volume, LiDAR
306 m³
Parcel 11053D0929/00S000, Flanders · tallest building 11.3 m. Linked by address, not a title deed.
1 establishment unit
VAR DEVELOPMENT
since 20142.231.670.486
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11053D0929/00S000 | Flanders | 6,309 m² | 1 · 724 m² | 11.3 m |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded05-06-2014
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.