VARAK
ActiveSummary
The annual accounts of VARAK for financial year 2025 show a net loss of 68% of total assets. The 2025 annual accounts show equity of €122,335 and a net result of -€85,066. Equity is shrinking by about 37% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2026. Its solvency ranks better than 95% of 9,701 sector peers (NACE 46, financial year 2025). The company has been active since 1985 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.8% (low).
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Bewerken en doen bewerken, de handel, de in- en uitvoer, het in consignatie geven en nemen, de vertegenwoordiging en de commissiehandel van…” (deed in Dutch)
2 activities (deed in Dutch)
- Bewerken en doen bewerken, de handel, de in- en uitvoer, het in consignatie geven en nemen, de vertegenwoordiging en de commissiehandel van ruwe en geslepen diamant, edelstenen, juwelen, edele metalen en alle aanverwante artikelen
- Alle roerende en onroerende handelingen die rechtstreeks of onrechtstreeks in verband staan met haar voorwerp
- Name clauseThe name the company operates under according to its articles.
- Varak
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- The sole director
- Board ruleHow the board is made up, meets and takes decisions.
- “Bevoegdheden van de enige bestuurder, oefent het geheel van de bestuursbevoegdheden uit” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam” (deed in Dutch)
Meetings and financial year
- Meeting accessWho may attend the meeting and what is needed to be admitted.
- “Indien enkel de stemrechten geschorst zijn, mag hij nog steeds deelnemen aan de algemene vergadering zonder te kunnen deelnemen aan de…” (deed in Dutch)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Beraadslaagt zoals inzake statutenwijziging, besluit van de algemene vergadering” (deed in Dutch)“De vennootschap kan op elk moment worden ontbonden door beslissing van de algemene vergadering beslissende in de vormen vereist voor de…” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed