VaRaCo
ActiveSummary
VaRaCo has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €57,279 and a net result of €7,818. Equity is growing by ~21.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability66▲+5
Solvency42▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity tight (current ratio 1.38 against 1.38 in 2024; short-term debt: 6% and cash: 8.1% of total assets), and 83.2% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
16.8%
Return on assets
2.3%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-05-2026, 80 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
80 d early
2024
24 d early
2023
6 d late
2022
13 d early
2021
19 d early
2020
32 d early
2019
24 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 27 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 12 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€57,279▲ 15.8%
2024 · €49,461
Total assets
€340,560▼ 3.4%
2024 · €352,673
Net result
€7,818▲ 14.3%
2024 · €6,840
Working capital
€7,893▲ 2.5%
2024 · €7,700
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
Line20212022202320242025
Operating result€15,542▲ 30.8%€15,288▼ 1.6%€16,892▲ 10.5%€14,703▼ 13.0%€15,541▲ 5.7%
Net result€8,272▲ 129%€7,169▼ 13.3%€8,174▲ 14.0%€6,840▼ 16.3%€7,818▲ 14.3%
Equity€27,279▲ 43.5%€34,447▲ 26.3%€42,621▲ 23.7%€49,461▲ 16.0%€57,279▲ 15.8%
Total assets€389,846▼ 2.0%€378,943▼ 2.8%€365,302▼ 3.6%€352,673▼ 3.5%€340,560▼ 3.4%
Debt€362,568▼ 4.2%€344,496▼ 5.0%€322,681▼ 6.3%€303,212▼ 6.0%€283,281▼ 6.6%
Working capital€6,029▲ 146%€6,889▲ 14.3%€8,135▲ 18.1%€7,700▼ 5.3%€7,893▲ 2.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 6% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €340,560
Fixed assets
€312,093 ▼ 3.9%
Current assets
€28,467 ▲ 1.9%
Equity and liabilities €340,560
Equity
€57,279 ▲ 15.8%
Debt
€283,281 ▼ 6.6%
Debt's share of the balance-sheet total falls from 86.0% to 83.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€28,198▲
2024 · €27,360
Cash flow
€20,475▲
2024 · €19,496
Current ratio
1.38▲
2024 · 1.38
Debt to equity
4.95▼
2024 · 6.13
ROE
13.6%▼
2024 · 13.8%
ROA
2.3%▲
2024 · 1.9%
Interest coverage
5.31▲
2024 · 4.84
Debt ≤ 1 year
€20,574▲
2024 · €20,222
Debt > 1 year
€262,707▼
2024 · €282,989
Income taxes
€2,734▲
2024 · €2,327
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,273 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
2.1%
went bankrupt
2.5%
stopped otherwise
95%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,273 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,657 | €12,657 | €12,657 | €12,657 | €12,657 | = |
| Other operating charges640/8 | €2,220 | €2,201 | €2,711 | €2,728 | €2,882 | ▲ 5.6% |
| Gross operating margin9900 | €30,419 | €30,146 | €32,260 | €30,087 | €31,079 | ▲ 3.3% |
| Operating profit (loss)9901 | €15,542 | €15,288 | €16,892 | €14,703 | €15,541 | ▲ 5.7% |
| Financial income75/76B | - | - | €0 | €118 | €320 | ▲ 171% |
| Recurring financial income75 | - | - | €0 | €118 | €320 | ▲ 171% |
| Financial charges65/66B | €6,006 | €6,317 | €5,994 | €5,654 | €5,309 | ▼ 6.1% |
| Recurring financial charges65 | €6,006 | €6,317 | €5,994 | €5,654 | €5,309 | ▼ 6.1% |
| Profit (loss) for the period before taxes9903 | €9,536 | €8,971 | €10,899 | €9,167 | €10,552 | ▲ 15.1% |
| Income taxes67/77 | €1,264 | €1,803 | €2,725 | €2,327 | €2,734 | ▲ 17.5% |
| Profit (loss) for the period9904 | €8,272 | €7,169 | €8,174 | €6,840 | €7,818 | ▲ 14.3% |
| Profit (loss) for the period to be appropriated9905 | €8,272 | €7,169 | €8,174 | €6,840 | €7,818 | ▲ 14.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €389,846 | €378,943 | €365,302 | €352,673 | €340,560 | ▼ 3.4% |
| Fixed assets21/28 | €363,000 | €350,063 | €337,407 | €324,750 | €312,093 | ▼ 3.9% |
| Tangible fixed assets22/27 | €362,720 | €350,063 | €337,407 | €324,750 | €312,093 | ▼ 3.9% |
| Land and buildings22 | €362,720 | €350,063 | €337,407 | €324,750 | €312,093 | ▼ 3.9% |
| Financial fixed assets28 | €280 | €0 | - | - | - | - |
| Current assets29/58 | €26,846 | €28,879 | €27,895 | €27,923 | €28,467 | ▲ 1.9% |
| Amounts receivable within one year40/41 | €3,000 | €1,344 | €3,619 | €1,647 | €759 | ▼ 53.9% |
| Trade receivables40 | €3,000 | €0 | - | - | - | - |
| Other amounts receivable41 | - | €1,344 | €3,619 | €1,647 | €759 | ▼ 53.9% |
| Cash at bank and in hand54/58 | €23,163 | €26,785 | €23,482 | €26,276 | €27,708 | ▲ 5.5% |
| Deferred charges and accrued income490/1 | €683 | €751 | €794 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €389,846 | €378,943 | €365,302 | €352,673 | €340,560 | ▼ 3.4% |
| Equity10/15 | €27,279 | €34,447 | €42,621 | €49,461 | €57,279 | ▲ 15.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €8,679 | €15,847 | €24,021 | €30,861 | €38,679 | ▲ 25.3% |
| Distributable reserves133 | €8,679 | €15,847 | €24,021 | €30,861 | €38,679 | ▲ 25.3% |
| Amounts payable17/49 | €362,568 | €344,496 | €322,681 | €303,212 | €283,281 | ▼ 6.6% |
| Amounts payable after more than one year17 | €341,751 | €322,505 | €302,920 | €282,989 | €262,707 | ▼ 7.2% |
| Financial debts170/4 | €341,751 | €322,505 | €302,920 | €282,989 | €262,707 | ▼ 7.2% |
| Amounts payable within one year42/48 | €20,817 | €21,990 | €19,761 | €20,222 | €20,574 | ▲ 1.7% |
| Current portion of amounts payable after more than one year42 | €18,912 | €19,246 | €19,585 | €19,931 | €20,282 | ▲ 1.8% |
| Trade debts44 | - | €840 | €175 | €0 | - | - |
| Suppliers440/4 | - | €840 | €175 | €0 | - | - |
| Taxes, remuneration and social security45 | €1,905 | €1,905 | €0 | €292 | €292 | = |
| Taxes450/3 | €1,905 | €1,905 | €0 | €292 | €292 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,272 | €7,169 | €8,174 | €6,840 | €7,818 | ▲ 14.3% |
| + Depreciation and write-downs630 | €12,657 | €12,657 | €12,657 | €12,657 | €12,657 | = |
| Operating cash flow (approximation) | €20,928 | €19,825 | €20,831 | €19,496 | €20,475 | ▲ 5.0% |
| Investment in fixed assets (approximation) | - | €280 | €0 | €0 | €0 | - |
| Change in cash | - | €3,621 | -€3,303 | €2,794 | €1,432 | ▼ 48.7% |
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
Next filing, fiscal year 2026, expected by
2026
12-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
06-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 6 days late
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2019net €8,272 ▲129%
Net result €8,272, the highest in the series.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €3,609
Net result €3,609 after one loss-making year.
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
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, Genk · 1 establishment unit since 2018
Ground area
355 m²
Building footprint
259 m²
Volume, LiDAR
1,692 m³
Parcel 71016I0964/00K002, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
VaRaCo
since 20182.275.681.267
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71016I0964/00K002 | Flanders | 355 m² | 1 · 259 m² | 10.9 m · 2 fl. |
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
Founded08-05-2018
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0695780109
Also
9925:BE0695780109
Registered
02-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.