VARAMAR
ActiveThe computed 12-month bankruptcy probability of VARAMAR is 2.0% (moderate). The annual accounts of VARAMAR for fiscal year 2024 show a net loss of 90% of the equity at the start of that year. The 2024 annual accounts show equity of €3k and a net result of €-30k. Equity is shrinking by ~25.9% per year across the filed fiscal years. Its solvency ranks better than 10% of 9040 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
31
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability25▼-30
Solvency26▼-20
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.97 against 1.14 in 2023; short-term debt: 99.4% and cash: 0.4% of total assets), and 99.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
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 2024Solvency, return and age of the figures
Solvency
0.6%
Return on assets
-5.1%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 9040 sector peers (2024).
NBB · sector comparisonPosition among 9040 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-07-2025, 30 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
30 d early
2023
23 d early
2022
16 d late
2021
12 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€3k▼ 89.8%
2023 · €33k
2021: €22k
2022: €22k
2023: €33k
2021 → 2024
Total assets
€589k▲ 262%
2023 · €163k
2021: €839k
2022: €895k
2023: €163k
2021 → 2024
Net result
€-30k
2023 · €11k
2021: €12k
2022: €409
2023: €11k
2021 → 2024
Working capital
€-15k
2023 · €18k
2021: €22k
2022: €10k
2023: €18k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€22k-€22k▲ 1.9%€33k▲ 50.9%€3k▼ 89.8%
Operating result€33k-€-4k€19k€-45k
Net result€12k-€409▼ 96.5%€11k▲ 2,656%€-30k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €45k after €19k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €589k
Fixed assets
€19k▲ 19.2%
Current assets
€570k▲ 288%
Equity and liabilities €589k
Equity
€3k▼ 89.8%
Debt
€585k▲ 353%
The debt ratio rises from 79.4% to 99.4%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
0.6%▼
2023 · 20.6%
Current ratio
0.97▼
2023 · 1.14
Quick ratio
0.97▼
2023 · 1.14
ROE
-884.7%▼
2023 · 33.7%
ROA
-5.1%▼
2023 · 6.9%
Debt
€585k▲
2023 · €129k
Debt ≤ 1 year
€585k▲
2023 · €129k
Income taxes
€198▼
2023 · €4k
Staff costs
€123k▲
2023 · €96k
A ratio outside any meaningful range has been withheld (balance sheet total €589k, equity €3k).
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€163k€589k▲
Fixed assets21/28€16k€19k▲
Financial fixed assets28€16k€19k▲
Current assets29/58€147k€570k▲
Amounts receivable within one year40/41€140k€542k▲
Trade receivables40€4k€170▼
Other amounts receivable41€136k€542k▲
Cash at bank and in hand54/58€4k€2k▼
Deferred charges and accrued income490/1€3k€26k▲
Equity and liabilities
Total equity and liabilities10/49€163k€589k▲
Equity10/15€33k€3k▼
Contributions10/11€10k€10k=
Reserves13€23k€23k=
Distributable reserves133€23k€23k=
Profit (loss) carried forward14-€-30k
Amounts payable17/49€129k€585k▲
Amounts payable within one year42/48€129k€585k▲
Trade debts44€1k€2k▲
Suppliers440/4€1k€2k▲
Taxes, remuneration and social security45€9k€14k▲
Taxes450/3€6k€4k▼
Remuneration and social security454/9€3k€10k▲
Other amounts payable47/48€119k€569k▲
Income statement
Code20232024
Remuneration, social security and pensions62€96k€123k▲
Other operating charges640/8€1k€3k▲
Gross operating margin9900€116k€81k▼
Operating profit (loss)9901€19k€-45k▼
Financial income75/76B€87k€34k▼
Recurring financial income75€87k€34k▼
Financial charges65/66B€91k€19k▼
Recurring financial charges65€91k€19k▼
Profit (loss) for the period before taxes9903€15k€-30k▼
Income taxes67/77€4k€198▼
Profit (loss) for the period9904€11k€-30k▼
Profit (loss) for the period to be appropriated9905€11k€-30k▼
Appropriation of the result
Profit (loss) to be appropriated9906€11k€-30k▼
Transfer to equity691/2€11k€0▼
To other reserves6921€11k€0▼
Social balance
Average headcount (FTE)90871.82.5▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-30k ▼366%
Net result drops to €-30k, the lowest in the series.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 16 days late
2022
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Antwerpen · 1 establishment unit since 2021
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.
Generaal Lemanstraat 742600 AntwerpenGround area
924 m²
Building footprint
562 m²
Volume, LiDAR
9,099 m³
Parcel 11303B0436/00P013, Flanders · tallest building 24.3 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
VARAMAR
since 20212.314.627.262
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11303B0436/00P013 | Flanders | 924 m² | 1 · 562 m² | 24.3 m · 7 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 4,500 EUR awarded · 4,500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 4,500 EUR | 4,500 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 6,156 companies in sector 46190 we hold annual accounts for 2,571. 779 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-03-2021
Fiscal year end31-12
Activities, NACEBEL
46190Agents in non-specialised wholesale trade
52250Logistics services
52290Warehousing and support activities for transportation
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.