Equity
€122,335 from €22.6m in 2016
Equity fell by 99% in 9 years.
VARAK
Lifetime
19 annual accounts with figures on one time axis, 38 filings since 1986peak €162.7m (2016)
-not published
lowest -€1.6m (2017)
-€85,066▲ €45,401
peak €22.6m (2016)
€122,335▼ 55.3%
€3,560▼ 96.5%
peak 5 FTE (2013)
-not published
Board14 names since 2006all names
2 directors and 1 other
Owners3 names in the annual accounts
Documentsfilings and deeds
25-06-202636 days before the deadline
2025abbreviated format
Loss of €85,066Registered office moved within Antwerp 23-06Dividend €66,319Equity from €273,720 to €122,335Debts from €101,838 to €3,560Cash from €13,795 to €3,161
Key points
from the 2025 annual accountsLosses
-€215,533 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Liquidity
33.57 was 16.20 in 2024
Short-term debts rose from €3,176 to €3,560.
At the same address
177 companies
Board
1 joined · 1 left
Board changed. Latest change 15-04-2026 · 1 in office.
Position in the sector
-€85,066
Lower net result than 91% of companies in wholesale trade. Sector median €26,728 · 9,880 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 5,831 companies had the same profile as VARAK has now. Each dot stands for 15 companies, two years later.
84.5%
were still trading
13.4%
stopped another way
1.7%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,448 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 5,831 companies, not a prediction for VARAK. 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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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Board and ownership
Director, since 04-02-2026
Auditor,
- consolidatesannual accounts 2024
Recent changes
Company renamed from to Varak
Capital decrease of USD 20,000 to USD 80,000 · Capital from USD 100,000 to USD 80,000 · Resignation: (director) · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0427939452
Registered office moved within Antwerp
New registered office: De Keyserlei 60C bus 1301, 2018 Antwerpen · Previous registered office: Hoveniersstraat 2, 2018 Antwerpen · Gazette deed
Capital decrease of USD 4,900,000 to USD 100,000
Capital from USD 5,000,000 to USD 100,000, 10,060 shares cancelled · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VARAK Antwerp | €125,895 | -€29,183 | 97.2% | - |
| A. ZEIDAN'S SONS Antwerp | €131,816 | -€30,541 | -92.3% | - |
| SMETS DIAMANT Grobbendonk | €123,320 | -€6,624 | -498.8% | - |
| LAZARE KAPLAN BELGIUM Sint-Niklaas | €138,095 | €1,145 | 94.6% | - |
| DHAVAL GEMS Antwerp | €125,466 | -€637,313 | -124.6% | - |
| White Diamonds Antwerp | €159,073 | -€26,322 | 37.9% | - |
| J & D DIAMONDS Antwerp | €98,977 | -€10,587 | 98.4% | - |
These companies have the same main activity as VARAK: wholesale of diamonds and other precious stones (NACE 46861). They are comparable in size and age: total assets between €99,000 and €159,000, founded between 1981 and 1991.
Official details
Source: KBO- Status
- Active since 08-10-1985Normal situation
- Registered office
- 178 active companies are registered at this address17 started in the 12 months before. Source: KBO register, as of 11 November 2026.
- Activity
- Wholesale of diamonds and other precious stonesNACE 46861
- Establishment unit
- 2.028.763.9082018 Antwerp, since 01-12-1985
- Financial year end
- 31 December
- Peppol
- Reachable since 10-04-2026
Annual accounts 2025
- €125,895▼ 66.5%
- Filing
- Filed on 25-06-2026, 36 days before the end of the filing period
Insights on VARAK
VARAK has existed since 1985. Turnover fell from €52.8m in 2022 to €1,501 in 2024 and staff from 4.5 to 1.1 full-time equivalents.
Solvency rose in 2025 from 72.9% to 97.2% because of lower debts.
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 VARAK
- What is the company number of VARAK?
- The company number of VARAK is 0427.939.452. The VAT number is the same number with BE in front: BE 0427.939.452.
- Where is VARAK based?
- The registered office is at De Keyserlei 60C, 2018 Antwerp.Company details
- What does VARAK do?
- According to the KBO register, the main activity is wholesale of diamonds and other precious stones (NACE 46861).
- What is the legal form of VARAK?
- VARAK is a public limited company (NV).
- When was VARAK founded?
- VARAK was founded on 08-10-1985.
- Is VARAK still active?
- Yes, VARAK is an active enterprise in the KBO register.
- How many employees does VARAK have?
- VARAK had an average of 1.1 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of VARAK?
- The annual accounts for financial year 2025 state no turnover. In financial year 2024 turnover was €1,501.
- Is VARAK profitable?
- In financial year 2025, VARAK made a loss of €85,066.
- Where can I find the annual accounts of VARAK?
- VARAK filed 38 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VARAK due?
- VARAK must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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