VARDA
ActiveVARDA has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €763k and a net result of €819k. Equity is growing by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 25% of 7673 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
76
/ 100
Excellent▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency38▲+13
Growth78=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity tight (current ratio 1.16 against 1.09 in 2024), and 76.3% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
23.7%
Return on assets
25.5%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 7673 sector peers (2025).
NBB · sector comparisonPosition among 7673 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-04-2026, 115 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
115 d early
2024
28 d early
2023
29 d early
2022
39 d early
2021
2 d early
2020
1 d early
2019
61 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€763k▲ 39.1%
2024 · €549k
2018: €451k
2019: €476k
2020: €500k
2021: €573k
2022: €765k
2023: €543k
2024: €549k
2018 → 2025
Total assets
€3.22M▲ 9.7%
2024 · €2.93M
2018: €1.35M
2019: €1.14M
2020: €1.56M
2021: €1.65M
2022: €2.65M
2023: €3.38M
2024: €2.93M
2018 → 2025
Net result
€819k▲ 16.1%
2024 · €706k
2018: €17k
2019: €75k
2020: €159k
2021: €130k
2022: €192k
2023: €828k
2024: €706k
2018 → 2025
Working capital
€383k▲ 92.1%
2024 · €199k
2018: €309k
2019: €322k
2020: €293k
2021: €302k
2022: €505k
2023: €209k
2024: €199k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€573k-€765k▲ 33.5%€543k▼ 29.1%€549k▲ 1.0%€763k▲ 39.1%
Operating result€169k-€275k▲ 62.8%€1.11M▲ 306%€969k▼ 13.1%€1.12M▲ 15.5%
Net result€130k-€192k▲ 47.6%€828k▲ 331%€706k▼ 14.7%€819k▲ 16.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 15% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.22M
Fixed assets
€460k▲ 17.1%
Current assets
€2.76M▲ 8.5%
Equity and liabilities €3.22M
Equity
€763k▲ 39.1%
Debt
€2.45M▲ 2.9%
The debt ratio falls from 81.3% to 76.3%: equity grows faster than debt.
Key figures and ratios
EBITDA
€1.16M▲
2024 · €1.00M
Cash flow
€857k▲
2024 · €738k
Solvency
23.7%▲
2024 · 18.7%
Current ratio
1.16▲
2024 · 1.09
Quick ratio
1.12▲
2024 · 1.00
Debt / equity
3.22▼
2024 · 4.35
ROE
107.4%▼
2024 · 128.7%
ROA
25.5%▲
2024 · 24.1%
Interest coverage
57.45▼
2024 · 61.36
Debt
€2.45M▲
2024 · €2.38M
Debt ≤ 1 year
€2.37M▲
2024 · €2.34M
Debt > 1 year
€80k▲
2024 · €44k
Income taxes
€280k▲
2024 · €247k
Staff costs
€674k▲
2024 · €657k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.93M€3.22M▲
Fixed assets21/28€393k€460k▲
Intangible fixed assets21-€99k
Tangible fixed assets22/27€96k€146k▲
Plant, machinery and equipment23€505€0▼
Furniture and vehicles24€95k€146k▲
Financial fixed assets28€298k€216k▼
Current assets29/58€2.54M€2.76M▲
Stocks and contracts in progress3€198k€101k▼
Stocks30/36€198k€101k▼
Amounts receivable within one year40/41€1.60M€1.91M▲
Trade receivables40€1.54M€1.18M▼
Other amounts receivable41€57k€730k▲
Cash at bank and in hand54/58€736k€742k▲
Deferred charges and accrued income490/1€9k€8k▼
Equity and liabilities
Total equity and liabilities10/49€2.93M€3.22M▲
Equity10/15€549k€763k▲
Contributions10/11€60k€60k=
Reserves13€489k€703k▲
Non-distributable reserves130/1€6k€6k=
Reserves not available under the articles1311€6k€6k=
Tax-exempt reserves132€368k€368k=
Distributable reserves133€114k€329k▲
Profit (loss) carried forward14-€0
Amounts payable17/49€2.38M€2.45M▲
Amounts payable after more than one year17€44k€80k▲
Financial debts170/4€44k€80k▲
Amounts payable within one year42/48€2.34M€2.37M▲
Current portion of amounts payable after more than one year42€665k€621k▼
Trade debts44€1.48M€1.07M▼
Suppliers440/4€1.48M€1.07M▼
Taxes, remuneration and social security45€62k€75k▲
Taxes450/3€4k€549▼
Remuneration and social security454/9€58k€75k▲
Other amounts payable47/48€133k€605k▲
Income statement
Code20242025
Remuneration, social security and pensions62€657k€674k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€38k▲
Other operating charges640/8€8k€10k▲
Gross operating margin9900€1.67M€1.84M▲
Operating profit (loss)9901€969k€1.12M▲
Financial income75/76B€0€33▲
Recurring financial income75€0€33▲
Financial charges65/66B€16k€20k▲
Recurring financial charges65€16k€20k▲
Profit (loss) for the period before taxes9903€953k€1.10M▲
Income taxes67/77€247k€280k▲
Profit (loss) for the period9904€706k€819k▲
Profit (loss) for the period to be appropriated9905€706k€819k▲
Appropriation of the result
Profit (loss) to be appropriated9906€706k€819k▲
Transfer to equity691/2€6k€214k▲
To other reserves6921€6k€214k▲
Profit to be distributed694/7€700k€605k▼
Return on contributions (dividend)694€700k€605k▼
Social balance
Average headcount (FTE)908710.310.1▼
The notes to these accounts (22 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 2026, expected by
2026
07-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €828k ▲331%
Net result €828k, the highest in the series.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €500kEq €500k ▲5.1%
3 profitable years in a row build equity to €500k.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 61 days late
2019
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 21 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2025
ACS Consulting BV
CurrentDirector · since 06-10-2025 · Legal entity
06-10-2025
ACS Consulting BV: Appointed as Director
06-10-2025
S3-GEVITEC NV: Resigned as Director
10-02-2025
Stephan Hoste: Appointed as Permanent representative
10-02-2025
Jan De Groof: Resigned as Permanent representative
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2003
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.
Adolf Greinerstraat 122660 AntwerpenGround area
8,658 m²
Building footprint
1,015 m²
Volume, LiDAR
12,658 m³
Parcel 11382C0243/00F003, Flanders · tallest building 17.5 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
VARDA
since 20032.114.827.454
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11382C0243/00F003 | Flanders | 8,658 m² | 1 · 1,015 m² | 17.4 m · 4 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.
Similar companies · same sector, comparable size
BART VANDERSTRAETEN
BE 0878.047.067
Oudenaarde · Eq €763k
R & S SERVICE
BE 0452.635.850
As · Eq €762k
Luco
BE 0456.185.258
Houthalen-Helchteren · Eq €761k
ESD SOLUTIONS
BE 0704.577.811
Houthalen-Helchteren · Eq €765k
STEEN MULTITECH
BE 0638.771.427
Gistel · Eq €765k
Of 22,731 companies in sector 43211 we hold annual accounts for 10,271. 5,406 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-12-2002
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
45310
46474Wholesale trade
46643Wholesale of electrical equipment, including installation materials
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.