VARADO
ActiveVARADO has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-39k) and a net result of €-22k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 7% of 31544 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability54▲+35
Solvency4▼-13
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.04 against 0.03 in 2024; short-term debt: 120.6% and cash: 1.7% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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 · 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 2025Solvency, return and age of the figures
Solvency
-20.6%
Return on assets
-11.8%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-39k
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
19 d late
2023
26 d late
2022
35 d early
2021
44 d early
2020
33 d early
2019
15 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-39k▼ 134%
2024 · €-17k
2018: €-21k
2019: €11k
2020: €-3k
2021: €-26k
2022: €-2k
2023: €8k
2024: €-17k
2018 → 2025
Total assets
€188k▼ 9.2%
2024 · €207k
2018: €350k
2019: €322k
2020: €298k
2021: €274k
2022: €263k
2023: €237k
2024: €207k
2018 → 2025
Net result
€-22k▲ 10.6%
2024 · €-25k
2018: €-16k
2019: €32k
2020: €-14k
2021: €-23k
2022: €24k
2023: €10k
2024: €-25k
2018 → 2025
Working capital
€-218k▼ 3.9%
2024 · €-210k
2018: €-299k
2019: €-263k
2020: €-274k
2021: €-277k
2022: €-249k
2023: €-215k
2024: €-210k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-26k-€-2k▲ 92.5%€8k€-17k€-39k▼ 134%
Operating result€-14k-€32k€17k▼ 46.8%€-18k€-22k▼ 18.5%
Net result€-23k-€24k€10k▼ 57.6%€-25k€-22k▲ 10.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €22k in 2025 against €18k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €188k
Fixed assets
€180k▼ 10.1%
Current assets
€8k▲ 15.9%
Key figures and ratios
EBITDA
€2k▼
2024 · €12k
Cash flow
€1k▼
2024 · €5k
Solvency
-20.6%▼
2024 · -8.0%
Current ratio
0.04▲
2024 · 0.03
Quick ratio
0.04▲
2024 · 0.03
Debt / equity
-5.86▲
2024 · -13.53
ROA
-11.8%▲
2024 · -12.0%
Interest coverage
6.31▲
2024 · 1.86
Debt
€226k▲
2024 · €223k
Debt ≤ 1 year
€226k▲
2024 · €217k
Income taxes
€295▲
2024 · €121
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
Assets
Total assets20/58€207k€188k▼
Fixed assets21/28€200k€180k▼
Tangible fixed assets22/27€200k€180k▼
Land and buildings22€200k€176k▼
Plant, machinery and equipment23-€3k
Furniture and vehicles24€0-
Current assets29/58€7k€8k▲
Cash at bank and in hand54/58€3k€3k▲
Deferred charges and accrued income490/1€4k€5k▲
Equity and liabilities
Total equity and liabilities10/49€207k€188k▼
Equity10/15€-17k€-39k▼
Contributions10/11€20k€20k=
Reserves13€19k€19k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€17k€17k=
Profit (loss) carried forward14€-56k€-78k▼
Amounts payable17/49€223k€226k▲
Amounts payable within one year42/48€217k€226k▲
Financial debts43€213k€221k▲
Other loans439€213k€221k▲
Trade debts44€380€5k▲
Suppliers440/4€380€5k▲
Taxes, remuneration and social security45€4k€615▼
Taxes450/3€4k€615▼
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€6k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€24k▼
Other operating charges640/8€5k€5k▲
Gross operating margin9900€17k€7k▼
Operating profit (loss)9901€-18k€-22k▼
Financial charges65/66B€6k€313▼
Recurring financial charges65€6k€313▼
Profit (loss) for the period before taxes9903€-25k€-22k▲
Income taxes67/77€121€295▲
Profit (loss) for the period9904€-25k€-22k▲
Profit (loss) for the period to be appropriated9905€-25k€-22k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-56k€-78k▼
Profit (loss) brought forward from the previous period14P€-31k€-56k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
31-12
Financial
Weakest financial yearnet €-25k ▼342%
Net result drops to €-25k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €24k
Net result €24k after 2 loss-making years.
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €32k
Net result €32k after one loss-making year.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Sint-Niklaas · 1 establishment unit since 1997
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Callaertstraat 69100 Sint-NiklaasGround area
7,955 m²
Building footprint
402 m²
Volume, LiDAR
2,355 m³
Parcel 46446B0925/00A000, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Callaertstraat 6, 9100 Sint-Niklaas
since 19972.084.258.301
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46446B0925/00A000 | Flanders | 7,955 m² | 1 · 401 m² | 10.4 m · 2 fl. |
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 82,524 companies in sector 70200 we hold annual accounts for 52,566. 20,840 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-11-1997
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
47789Other retail sale of new goods
52494
71340
77399Renting and leasing of other machinery, equipment and tangible goods
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.