VARDACO
ActiveVARDACO has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €82k and a net result of €122k. Equity is growing by ~15.3% per year across the filed fiscal years. Its solvency ranks better than 18% of 31487 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency16▼-42
Growth78=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.87 against 1.53 in 2024), and 87.8% 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.
−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 70
Relative position
BE, all sectors
reference
Sector 70
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 2025Solvency, return and age of the figures
Solvency
12.2%
Return on assets
18.3%
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 18% of 31487 sector peers (2025).
NBB · sector comparisonPosition among 31487 sector peers
Solvency
better than 18%
← 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 24-07-2026, 7 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
7 d early
2024
6 d early
2023
33 d late
2022
47 d early
2021
44 d early
2020
89 d late
2019
74 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, micro schema
Equity
€82k▼ 52.5%
2024 · €173k
2018: €27k
2019: €89k
2020: €150k
2021: €237k
2022: €216k
2023: €237k
2024: €173k
2018 → 2025
Total assets
€670k▲ 14.5%
2024 · €585k
2018: €33k
2019: €165k
2020: €219k
2021: €263k
2022: €253k
2023: €274k
2024: €585k
2018 → 2025
Net result
€122k▲ 35.1%
2024 · €91k
2018: €14k
2019: €62k
2020: €62k
2021: €86k
2022: €60k
2023: €93k
2024: €91k
2018 → 2025
Working capital
€-40k
2024 · €52k
2018: €27k
2019: €56k
2020: €120k
2021: €204k
2022: €183k
2023: €200k
2024: €52k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€237k-€216k▼ 8.7%€237k▲ 9.6%€173k▼ 27.2%€82k▼ 52.5%
Operating result€110k-€75k▼ 31.8%€119k▲ 58.8%€127k▲ 6.8%€149k▲ 17.6%
Net result€86k-€60k▼ 31.0%€93k▲ 55.8%€91k▼ 2.3%€122k▲ 35.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 18% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €670k
Fixed assets
€413k▼ 5.1%
Current assets
€257k▲ 71.4%
Equity and liabilities €670k
Equity
€82k▼ 52.5%
Debt
€588k▲ 42.6%
The debt ratio rises from 70.5% to 87.8%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€186k▼
2024 · €190k
Cash flow
€159k▲
2024 · €154k
Solvency
12.2%▼
2024 · 29.5%
Current ratio
0.87▼
2024 · 1.53
Quick ratio
0.87▼
2024 · 1.53
Debt / equity
7.17▲
2024 · 2.39
ROE
149.3%▲
2024 · 52.5%
ROA
18.3%▲
2024 · 15.5%
Interest coverage
9.63▼
2024 · 14.61
Debt
€588k▲
2024 · €412k
Debt ≤ 1 year
€297k▲
2024 · €98k
Debt > 1 year
€291k▼
2024 · €314k
Income taxes
€7k▼
2024 · €23k
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€585k€670k▲
Fixed assets21/28€435k€413k▼
Tangible fixed assets22/27€400k€378k▼
Land and buildings22€356k€338k▼
Furniture and vehicles24€43k€39k▼
Financial fixed assets28€35k€35k=
Current assets29/58€150k€257k▲
Amounts receivable within one year40/41€105k€132k▲
Trade receivables40€104k€132k▲
Other amounts receivable41€1k-
Cash at bank and in hand54/58€45k€124k▲
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€585k€670k▲
Equity10/15€173k€82k▼
Contributions10/11€19k€19k=
Reserves13€63k€63k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€62k€62k=
Profit (loss) carried forward14€91k-
Amounts payable17/49€412k€588k▲
Amounts payable after more than one year17€314k€291k▼
Financial debts170/4€314k€291k▼
Amounts payable within one year42/48€98k€297k▲
Current portion of amounts payable after more than one year42€23k€24k▲
Trade debts44€17k€9k▼
Suppliers440/4€17k€9k▼
Taxes, remuneration and social security45€12k€35k▲
Taxes450/3€12k€35k▲
Other amounts payable47/48€46k€230k▲
Income statement
Code20242025
Non-recurring operating income76A€8k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€63k€37k▼
Other operating charges640/8€2k€1k▼
Gross operating margin9900€192k€187k▼
Operating profit (loss)9901€127k€149k▲
Financial income75/76B€72-
Recurring financial income75€72-
Financial charges65/66B€13k€19k▲
Recurring financial charges65€13k€19k▲
Profit (loss) for the period before taxes9903€114k€130k▲
Income taxes67/77€23k€7k▼
Profit (loss) for the period9904€91k€122k▲
Profit (loss) for the period to be appropriated9905€91k€122k▲
Appropriation of the result
Profit (loss) to be appropriated9906€183k€213k▲
Profit (loss) brought forward from the previous period14P€93k€91k▼
Transfer from equity791/2€62k-
Profit to be distributed694/7€155k€213k▲
Return on contributions (dividend)694€155k€213k▲
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
Next filing, fiscal year 2026, expected by
2026
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €122k ▲35.1%
Operating result €149k, net result €122k, both a record.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
02-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 33 days late
2023
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity quadruplescurrent ratio 15.00
Current ratio from 3.48 to 15.00; short-term debt falls from €48k to €15k.
31-12
Financial
Equity above €200kEq €237k ▲57.4%
4 profitable years in a row build equity to €237k.
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
31-12
Financial
Equity above €150kEq €150k ▲69.2%
3 profitable years in a row build equity to €150k.
13-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 74 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2023
VAREWYCK Bjorn Raoul Erik
CurrentDirector · since 06-12-2023
06-12-2023
Appointed as Director
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2017
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.
Hoogpoort 149000 GentGround area
161 m²
Building footprint
284 m²
Volume, LiDAR
3,949 m³
Parcel 44803C0361/00G000, Flanders · tallest building 28.1 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
VARDACO
since 20172.263.048.602
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44803C0361/00G000 | Flanders | 161 m² | 1 · 284 m² | 28.1 m · 5 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.
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Of 82,201 companies in sector 70200 we hold annual accounts for 52,400. 40,055 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-03-2017
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
43320Joinery installation
43410Roofing work
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.