VARCAP
The computed 12-month bankruptcy probability of VARCAP is 0.1% (very low). The 2025 annual accounts show equity of €2.33M and a net result of €149k. Equity is growing by ~9.1% per year across the filed fiscal years. Its solvency ranks better than 87% of 76 sector peers (fiscal year 2025). The company has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €2.33M |
| Net result | €149k |
| Better than sector | 87% |
| Active | 33 yrs |
Strong profile, led by solvency.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 82.9% | 31.7% | |
| Net result | €149k | €105k | |
| Equity | €2.33M | €612k | |
| Gross operating margin | €233k | €494k | |
| Total assets | €2.81M | €1.90M |
| Fiscal year | 2025 |
|---|---|
| Revenue | - |
| EBITDA | €213k |
| Net profit | €149k |
| Cash flow | €196k |
| Staff costs | - |
| Income taxes | €60k |
| Dividends | - |
| Total assets | €2.81M |
| Equity | €2.33M |
| Debt | €481k |
| of which ≤ 1y | €445k |
| of which > 1y | - |
| Working capital | €2.21M |
| Employees (FTE) | - |
| 2025 | |
|---|---|
| Current ratio | 5.96 |
| Quick ratio | 5.43 |
| Working capital ratio | 78.6% |
| Solvency | 82.9% |
| Debt / equity | 0.21 |
| Long-term debt ratio | - |
| Interest coverage | 699.61 |
| Gross margin | - |
| Net margin | - |
| ROA | 5.3% |
| ROE | 6.4% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €2.81M |
| Fixed assets | 21/28 | €157k |
| Tangible fixed assets | 22/27 | €149k |
| Financial fixed assets | 28 | €9k |
| Current assets | 29/58 | €2.65M |
| Stocks & contracts in progress | 3 | €236k |
| Amounts receivable within one year | 40/41 | €292k |
| Cash & bank | 54/58 | €2.12M |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.81M |
| Equity | 10/15 | €2.33M |
| Contributions / capital | 10/11 | €179k |
| Reserves | 13 | €2.15M |
| Accumulated profits (losses) | 14 | €0 |
| Amounts payable | 17/49 | €481k |
| Amounts payable within one year | 42/48 | €445k |
| Trade debts payable within one year | 44 | €69k |
| Income statement | ||
| Gross operating margin | 9900 | €233k |
| Operating result | 9901 | €165k |
| Financial income | 75 | €44k |
| Financial charges | 65 | €304 |
| Result before taxes | 9903 | €209k |
| Income taxes | 67/77 | €60k |
| Net result for the period | 9904 | €149k |
| Result to be appropriated | 9905 | €149k |
| NACE primary | Agriculture(01462) |
| Legal form | Public limited company(014) |
| Incorporation | 27-08-1992 |
| Status | Active |
| Postal code | 9130 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46027C0094/00A000 | Flanders | 1,630 m² | 1 · 179 m² | 7.7 m · 2 fl. |
| 92053A0076/00M000indicative | Wallonia | 816 m² | 1 · 79 m² | - |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
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| Legal nameNL | VARCAP |