VARCOFISC
ActiveVARCOFISC has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €387k and a net result of €35k. Equity is growing by ~35.5% per year across the filed fiscal years. Its solvency ranks better than 40% of 109 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2026
76
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2025
Profitability74▼-3
Solvency75▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity tight (current ratio 1.3 against 1.75 in 2025; short-term debt: 25% and cash: 14.1% of total assets), and 49.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Sector 69
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
50.2%
Return on assets
4.6%
Age of the figures
6 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 24-08-2026, 68 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
68 d early
2025
45 d late
2024
on the day
2023
30 d late
2022
31 d late
2021
80 d late
2020
75 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-03-2027 close31-10-2027 deadline
Financials · fiscal year 2026, micro schema
Equity
€387k▼ 3.0%
2025 · €399k
2019: €15k
2020: €47k
2021: €115k
2022: €164k
2023: €157k
2024: €342k
2025: €399k
2019 → 2026
Total assets
€771k▼ 8.6%
2025 · €843k
2019: €91k
2020: €101k
2021: €178k
2022: €292k
2023: €615k
2024: €652k
2025: €843k
2019 → 2026
Net result
€35k▼ 38.2%
2025 · €57k
2019: €24k
2020: €32k
2021: €68k
2022: €58k
2023: €67k
2024: €196k
2025: €57k
2019 → 2026
Working capital
€57k▼ 58.5%
2025 · €139k
2019: €19k
2020: €44k
2021: €108k
2022: €152k
2023: €-40k
2024: €24k
2025: €139k
2019 → 2026
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420252026Trend
Equity€164k-€157k▼ 4.0%€342k▲ 117%€399k▲ 16.8%€387k▼ 3.0%
Operating result€79k-€106k▲ 34.8%€112k▲ 5.4%€85k▼ 24.1%€60k▼ 29.6%
Net result€58k-€67k▲ 15.7%€196k▲ 193%€57k▼ 70.8%€35k▼ 38.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2026 is 30% below 2025 and is the lowest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €771k
Fixed assets
€520k▲ 0.1%
Current assets
€250k▼ 22.7%
Equity and liabilities €771k
Equity
€387k▼ 3.0%
Debt
€384k▼ 13.7%
The debt ratio falls from 52.7% to 49.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€85k▼
2025 · €107k
Cash flow
€60k▼
2025 · €79k
Solvency
50.2%▲
2025 · 47.3%
Current ratio
1.30▼
2025 · 1.75
Quick ratio
1.30▼
2025 · 1.75
Debt / equity
0.99▼
2025 · 1.11
ROE
9.2%▼
2025 · 14.4%
ROA
4.6%▼
2025 · 6.8%
Interest coverage
8.04▼
2025 · 10.58
Debt
€384k▼
2025 · €444k
Debt ≤ 1 year
€193k▲
2025 · €185k
Debt > 1 year
€191k▼
2025 · €259k
Income taxes
€14k▼
2025 · €18k
Staff costs
€155k▼
2025 · €175k
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 · 2026 against 2025
Balance sheet
Code20252026
Assets
Total assets20/58€843k€771k▼
Fixed assets21/28€520k€520k▲
Tangible fixed assets22/27€138k€139k▲
Plant, machinery and equipment23€104k€109k▲
Furniture and vehicles24€34k€29k▼
Financial fixed assets28€382k€382k=
Current assets29/58€324k€250k▼
Amounts receivable within one year40/41€201k€138k▼
Trade receivables40€173k€132k▼
Other amounts receivable41€27k€6k▼
Cash at bank and in hand54/58€119k€109k▼
Deferred charges and accrued income490/1€4k€4k▼
Equity and liabilities
Total equity and liabilities10/49€843k€771k▼
Equity10/15€399k€387k▼
Contributions10/11€20k€20k=
Reserves13€378k€365k▼
Distributable reserves133€378k€365k▼
Profit (loss) carried forward14€1k€2k▲
Amounts payable17/49€444k€384k▼
Amounts payable after more than one year17€259k€191k▼
Financial debts170/4€259k€191k▼
Amounts payable within one year42/48€185k€193k▲
Current portion of amounts payable after more than one year42€116k€87k▼
Trade debts44€19k€8k▼
Suppliers440/4€19k€8k▼
Taxes, remuneration and social security45€50k€56k▲
Taxes450/3€24k€35k▲
Remuneration and social security454/9€26k€21k▼
Other amounts payable47/48€413€42k▲
Income statement
Code20252026
Remuneration, social security and pensions62€175k€155k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€25k▲
Other operating charges640/8€9k€6k▼
Gross operating margin9900€290k€245k▼
Operating profit (loss)9901€85k€60k▼
Financial income75/76B€6€21▲
Recurring financial income75€6€21▲
Financial charges65/66B€10k€11k▲
Recurring financial charges65€10k€11k▲
Profit (loss) for the period before taxes9903€75k€50k▼
Income taxes67/77€18k€14k▼
Profit (loss) for the period9904€57k€35k▼
Profit (loss) for the period to be appropriated9905€57k€35k▼
Appropriation of the result
Profit (loss) to be appropriated9906€61k€37k▼
Profit (loss) brought forward from the previous period14P€4k€1k▼
Transfer from equity791/2-€13k
Transfer to equity691/2€60k-
To other reserves6921€60k-
Profit to be distributed694/7-€48k
Return on contributions (dividend)694-€48k
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2027, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
2025
15-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 45 days late
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Highest result since 2019net €196k ▲193%
Operating result €112k, net result €196k, both a record.
31-03
Financial
Equity above €200kEq €342k ▲117%
6 profitable years in a row build equity to €342k.
2023
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2022
01-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
31-03
Financial
Equity above €150kEq €164k ▲42.9%
4 profitable years in a row build equity to €164k.
19-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 80 days late
2021
31-03
Financial
Equity above €100kEq €115k ▲145%
3 profitable years in a row build equity to €115k.
14-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 75 days late
2019
16-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2023
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
22-09-2023
Resigned as Director
Location & real-estate footprint
Registered office, Mons · 2 establishment units since 2015
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.
Chemin des Tuileries 47030 MonsGround area
5,244 m²
Building footprint
435 m²
Volume, LiDAR
3,294 m³
2 parcels, Wallonia · tallest building 12.9 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Varcofisc
since 20152.241.965.354
VARCOFISC
since 20162.253.073.240
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53059A0239/00H000 | Wallonia | 4,638 m² | 1 · 397 m² | 12.8 m · 3 fl. |
| 53071A0388/00K003 | Wallonia | 606 m² | 1 · 37 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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ACCOUNTANTSKANTOOR V. SNYERS
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umain Gent
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AD HOC TAX CONSULTING
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Of 12,173 companies in sector 69201 we hold annual accounts for 7,637. 5,803 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-05-2015
Fiscal year end31-03
Activities, NACEBEL
69201Certified accountants and tax accountants
69202Legal and accounting activities
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:info@varcofisc.be
Phone:065954958
Fax:065954958