VARAG
Bankruptcy closedInactive since 16-09-2026; last annual accounts for fiscal year 2022.
Summary
VARAG was declared bankrupt on 28-10-2024 (Ondernemingsrechtbank Antwerpen, afdeling Mechelen); the bankruptcy was closed for insufficient assets by judgment of 14-09-2026, published in the Belgian State Gazette on 17-09-2026.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 06-10-2023, 67 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filingDeviation from the deadline
2022
67 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its 2022 accounts 67 days after the deadline; the Belgian median for financial year 2022 is 3 days before the deadline, and 42% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2022, micro schema
Equity
-€59,896
Total assets
€54,272
Net result
-€61,646
Working capital
-€51,670
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €51,109
Fixed assets
€24,020
Current assets
€27,090
Key figures and ratios
EBITDA
-€54,966
Cash flow
-€57,631
Solvency
-110.4%
Current ratio
0.34
Quick ratio
0.24
Debt to equity
-1.91
ROA
-113.6%
Interest coverage
-18.18
Debt
€114,169
Debt ≤ 1 year
€78,760
Debt > 1 year
€32,363
Staff costs
€158,453
Annual accounts
| Line | 2022 |
|---|---|
| Remuneration, social security and pensions62 | €158,453 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,015 |
| Other operating charges640/8 | €1,434 |
| Gross operating margin9900 | €104,921 |
| Operating profit (loss)9901 | -€58,981 |
| Financial income75/76B | €358 |
| Recurring financial income75 | €358 |
| Financial charges65/66B | €3,023 |
| Recurring financial charges65 | €3,023 |
| Profit (loss) for the period before taxes9903 | -€61,646 |
| Profit (loss) for the period9904 | -€61,646 |
| Profit (loss) for the period to be appropriated9905 | -€61,646 |
| Line | 2022 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €54,272 | |
| Formation expenses20 | €3,163 | |
| Fixed assets21/28 | €24,020 | |
| Tangible fixed assets22/27 | €24,020 | |
| Plant, machinery and equipment23 | €5,151 | |
| Furniture and vehicles24 | €4,127 | |
| Other tangible fixed assets26 | €14,741 | |
| Current assets29/58 | €27,090 | |
| Stocks and contracts in progress3 | €8,220 | |
| Stocks30/36 | €8,220 | |
| Amounts receivable within one year40/41 | €5,762 | |
| Trade receivables40 | €1,488 | |
| Other amounts receivable41 | €4,274 | |
| Cash at bank and in hand54/58 | €10,477 | |
| Deferred charges and accrued income490/1 | €2,631 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €54,272 | |
| Equity10/15 | -€59,896 | |
| Contributions10/11 | €1,750 | |
| Profit (loss) carried forward14 | -€61,646 | |
| Amounts payable17/49 | €114,169 | |
| Amounts payable after more than one year17 | €32,363 | |
| Other amounts payable178/9 | €32,363 | |
| Amounts payable within one year42/48 | €78,760 | |
| Trade debts44 | €47,900 | |
| Suppliers440/4 | €47,900 | |
| Taxes, remuneration and social security45 | €30,703 | |
| Taxes450/3 | €23,876 | |
| Remuneration and social security454/9 | €6,827 | |
| Other amounts payable47/48 | €156 | |
| Accrued charges and deferred income492/3 | €3,046 | |
| Line | 2022 |
|---|---|
| Profit (loss) for the period9904 | -€61,646 |
| + Depreciation and write-downs630 | €4,015 |
| Operating cash flow (approximation) | -€57,631 |
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
2026
17-09
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · event 14-09-2026
2024
04-11
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · event 28-10-2024
2023
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 67 days late
SignalNBB filing
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, Sint-Katelijne-Waver
Ground area
351 m²
Building footprint
349 m²
Volume, LiDAR
1,961 m³
Parcel 12027E0183/00D000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12027E0183/00D000 | Flanders | 351 m² | 1 · 349 m² | 8.6 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | GEERT VAN DEYCK CELLEBROEDERSSTRAAT 13,
2800 MECHELEN |
28-10-2024 → 14-09-2026 |