Equity
VARECA has made a profit without a break since 2012.
VARECA has made a profit without a break since 2012.
The result fell in 2025 from €371,921 to €96,255.
Mortgage mandates, new in 2025. 96.6% of equity · not in the 2024 accounts.
Green is investment, beige is depreciation. Machinery stands 40.0% higher than in 2024.
Latest accounts filed late: after the legal deadline.
More equity than 95% of companies in rental and leasing. Sector median €45,393 · 1,853 companies.
A confirmed filing finding caps the score at 59.
The dashed line is the sector median: 0.2% across 466 companies (NACE 77, small).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 77, small). It does better than 65% of them on solvency, 94% on liquidity, 60% on profitability and 61% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 6,049 companies had the same profile as VARECA has now. Each dot stands for 16 companies, two years later.
That fits the bankruptcy probability of VARECA itself: 0.1% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,049 companies, not a prediction for VARECA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 4.76 (14.11 in 2024), above the usual 1.5. Short-term debt is 5.7% and cash 21.5% of total assets. However, 51.2% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 62 days after the deadline. In the sector (NACE 77), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| VARECA Assenede | €2.3m | €214,989 | 48.8% | - |
| VERCRUYSSEN Evergem | €1.5m | €172,340 | 11.0% | - |
| Car Service Kleine Akker Stekene | €1.4m | €256,535 | 25.1% | - |
| BRS Rental Tielt | €3.1m | €125,410 | 75.5% | - |
| BEN-Bouw & Techniek Langemark-Poelkapelle | €1.0m | €154,411 | 31.5% | - |
| LOCA CLEAN Woluwe-Saint-Lambert | €1.0m | €170,104 | 23.5% | - |
| ALVATEC Alveringem | €1.6m | €194,736 | 46.2% | - |
These companies have the same main activity as VARECA: rental and leasing activities (NACE 77221). They are comparable in size and age: total assets between €960,000 and €3.1m, founded between 1994 and 2014.
VARECA files the micro format. That format states no turnover. The gross margin rose from €127,104 in 2009 to €214,989 in 2025.
The balance sheet grew most from 2024 to 2025 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €540,000. Estimated: probably between €360,000 and €830,000.
Higher than 67% of 1,847 companies in 2025.
Higher than 87% of 1,759 companies in 2025.
Higher than 56% of 1,776 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||
20/58 |
2.3m | 2.0m | 772,500 | 826,241 | 806,294 | 712,329 | 718,215 | 739,276 | 368,009 | 380,748 | 191,362 | 199,640 | 187,465 | 209,276 | 207,114 | 271,857 | 167,127 | |
21/28 |
1.7m | 1.2m | 186,451 | 216,023 | 272,701 | 228,022 | 236,420 | 198,583 | 184,644 | 185,850 | 59,982 | 82,942 | 97,671 | 121,331 | 119,303 | 98,035 | 94,559 | |
22/27 |
1.7m | 1.2m | 135,847 | 165,419 | 222,097 | 177,418 | 185,951 | 148,114 | 182,700 | 184,090 | 59,982 | 82,942 | 97,671 | 121,331 | 119,303 | 98,035 | 94,559 | |
22 |
1.5m | 1.1m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
23 |
200,552 | 143,278 | 135,847 | 152,120 | 195,498 | 131,316 | 104,667 | 97,166 | 108,071 | 116,793 | 52,227 | 66,948 | 63,957 | 65,446 | 48,963 | 70,153 | 86,324 | |
24 |
4,087 | 5,287 | - | 13,299 | 26,599 | 46,102 | 81,285 | 50,948 | 74,629 | 67,297 | 7,755 | 15,995 | 33,714 | 55,885 | 70,340 | 27,882 | 8,235 | |
28 |
604 | 604 | 50,604 | 50,604 | 50,604 | 50,604 | 50,469 | 50,469 | 1,944 | 1,760 | - | - | - | - | - | - | - | |
29/58 |
637,460 | 738,818 | 586,049 | 610,218 | 533,593 | 484,307 | 481,795 | 540,693 | 183,365 | 194,898 | 131,380 | 116,698 | 89,794 | 87,945 | 87,811 | 173,822 | 72,568 | |
29 |
- | - | - | - | 405,708 | 420,875 | 420,875 | 439,833 | - | - | - | - | - | - | - | - | - | |
291 |
- | - | - | - | 405,708 | 420,875 | 420,875 | 439,833 | - | - | - | - | - | - | - | - | - | |
3 |
- | - | - | - | - | - | - | - | - | 5,200 | 7,900 | 18,000 | - | - | - | - | - | |
37 |
- | - | - | - | - | - | - | - | - | 5,200 | 7,900 | 18,000 | - | - | - | - | - | |
40/41 |
134,707 | 55,778 | 175,528 | 362,464 | 35,695 | 9,464 | 42,572 | 67,959 | 69,475 | 122,856 | 39,585 | 93,181 | 28,256 | 61,881 | 70,224 | 115,201 | 52,300 | |
40 |
101,847 | 39,443 | 171,959 | 193,600 | 29,200 | 9,162 | 5,000 | 27,185 | 17,417 | 65,979 | 34,586 | 81,373 | 23,905 | 48,468 | 48,885 | 91,885 | 52,269 | |
41 |
32,861 | 16,334 | 3,569 | 168,864 | 6,495 | 301 | 37,572 | 40,774 | 52,059 | 56,877 | 4,999 | 11,808 | 4,351 | 13,413 | 21,340 | 23,316 | 31 | |
54/58 |
501,231 | 672,333 | 394,388 | 231,752 | 28,371 | 43,769 | 7,576 | 32,901 | 110,273 | 66,842 | 80,311 | 5,517 | 58,435 | 16,053 | 17,586 | 58,621 | 20,268 | |
490/1 |
1,521 | 10,708 | 16,133 | 16,003 | 63,819 | 10,200 | 10,772 | - | 3,617 | - | 3,584 | - | 3,103 | 10,011 | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||||
10/49 |
2.3m | 2.0m | 772,500 | 826,241 | 806,294 | 712,329 | 718,215 | 739,276 | 368,009 | 380,748 | 191,362 | 199,640 | 187,465 | 209,276 | 207,114 | 271,857 | 167,127 | |
10/15 |
1.1m | 1.0m | 670,009 | 604,980 | 538,862 | 461,052 | 342,990 | 255,990 | 165,049 | 145,385 | 135,064 | 118,069 | 109,734 | 96,320 | 61,021 | 120,525 | 43,223 | |
10/11 |
10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | |
100 |
- | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | 8,600 | 8,600 | 8,600 | 8,600 | 8,600 | 8,600 | 8,600 | 8,600 | 8,600 | 8,600 | 8,600 | 8,600 | |
13 |
441,985 | 391,985 | 341,985 | 276,985 | 211,985 | 136,985 | 136,985 | 86,985 | 36,985 | 17,321 | 7,000 | 7,000 | 7,000 | 7,000 | 1,000 | 1,000 | 1,000 | |
130/1 |
- | - | - | 1,000 | 1,000 | 1,000 | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | |
1311 |
- | - | - | 1,000 | 1,000 | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
441,985 | 391,985 | 341,985 | 275,985 | 210,985 | 135,985 | 135,985 | 85,985 | 35,985 | 16,321 | 6,000 | 6,000 | 6,000 | 6,000 | - | - | - | |
14 |
686,199 | 639,944 | 318,023 | 317,995 | 316,876 | 314,066 | 196,005 | 159,004 | 118,064 | 118,064 | 118,064 | 101,069 | 92,734 | 79,320 | 50,021 | 109,525 | 32,223 | |
17/49 |
1.2m | 936,416 | 102,492 | 221,261 | 267,432 | 251,278 | 375,225 | 483,286 | 202,960 | 235,363 | 56,298 | 81,571 | 77,731 | 112,956 | 146,093 | 151,331 | 123,904 | |
17 |
1.1m | 884,067 | - | 77,303 | 137,969 | 133,929 | 169,643 | 205,357 | 1,154 | 14,808 | - | - | 5,298 | 27,408 | 35,845 | 33,479 | 34,750 | |
170/4 |
1.1m | 884,067 | - | 77,303 | 137,969 | 133,929 | 169,643 | 205,357 | 1,154 | 14,808 | - | - | 5,298 | 27,408 | 35,845 | 33,479 | 34,750 | |
42/48 |
133,853 | 52,349 | 102,492 | 143,958 | 127,403 | 117,341 | 204,345 | 261,276 | 197,388 | 220,211 | 56,298 | 81,571 | 72,433 | 85,548 | 110,224 | 112,685 | 89,154 | |
42 |
66,616 | - | 14,803 | 62,922 | 64,889 | 35,714 | 35,714 | 86,868 | 13,654 | 13,301 | - | 5,298 | 22,111 | 33,725 | 39,133 | 28,476 | 21,430 | |
44 |
10,163 | 7,365 | 13,345 | 5,096 | 8,013 | 22,135 | 64,598 | 37,289 | 141,192 | 162,704 | 23,452 | 29,579 | 9,608 | 22,937 | 16,620 | 30,513 | 29,389 | |
440/4 |
10,163 | 7,365 | 13,345 | 5,096 | 8,013 | 22,135 | 64,598 | 37,289 | 141,192 | 162,704 | 23,452 | 29,579 | 9,608 | 22,937 | 16,620 | 30,513 | 29,389 | |
45 |
13,808 | 1,727 | 32,062 | 40,231 | 19,955 | 26,791 | 49,543 | 86,030 | 14,739 | 17,885 | 5,522 | 21,910 | 18,137 | 10,002 | 32,594 | 32,508 | 19,684 | |
450/3 |
13,808 | 1,727 | 29,742 | 37,897 | 17,642 | 23,481 | 48,734 | 63,038 | 8,234 | 4,461 | 1,570 | 15,545 | - | 5,507 | 26,895 | 30,032 | 8,783 | |
454/9 |
- | - | 2,320 | 2,334 | 2,313 | 3,310 | 809 | 22,992 | 6,505 | 13,424 | 3,952 | 6,365 | 18,137 | 4,495 | 5,698 | 2,476 | 10,901 | |
47/48 |
43,266 | 43,256 | 42,281 | 35,708 | 34,545 | 32,701 | 54,490 | 51,088 | 27,803 | 26,322 | 27,324 | 24,785 | 22,578 | 18,884 | 21,878 | 21,188 | 18,651 | |
492/3 |
- | - | - | - | 2,059 | 8 | 1,237 | 16,654 | 4,418 | 344 | - | - | - | - | 24 | 5,167 | - | |
| Income statement | ||||||||||||||||||
76A |
- | - | - | - | 1,900 | - | 5,500 | - | - | 125 | - | - | - | - | - | - | - | |
9900 |
214,989 | 577,090 | 154,041 | 159,958 | 175,432 | 228,258 | 253,687 | 399,791 | 232,977 | 223,919 | 176,088 | 235,452 | 205,926 | 177,335 | 75,349 | 180,210 | 127,104 | |
62 |
- | - | - | - | - | - | 50,559 | 186,462 | 135,932 | 148,209 | 123,675 | 181,246 | 136,636 | 82,191 | 79,865 | 27,622 | 34,165 | |
630 |
77,994 | 56,914 | 64,110 | 72,638 | 79,347 | 92,947 | 85,613 | 68,739 | 67,716 | 59,039 | 32,952 | 42,691 | 50,340 | 60,471 | 49,964 | 34,788 | 40,525 | |
631/4 |
- | - | - | - | - | - | - | 14,880 | - | - | - | - | - | - | - | - | - | |
640/8 |
562 | 135,769 | 718 | 1,059 | 1,070 | 2,266 | 1,639 | 2,768 | 674 | 643 | 666 | 2,334 | 2,520 | 1,855 | 1,953 | 701 | 1,982 | |
66A |
- | - | - | - | - | - | - | - | - | - | - | - | 734 | - | - | - | - | |
9901 |
136,433 | 384,407 | 89,214 | 86,262 | 95,015 | 133,045 | 115,877 | 126,942 | 28,654 | 16,028 | 18,796 | 9,181 | 16,430 | 32,818 | -56,434 | 117,099 | 50,432 | |
75/76B |
3,198 | 3,251 | 1,189 | 7,144 | 8,418 | 17,747 | 0 | 10 | 3 | 31 | 37 | 97 | 154 | 161 | 287 | 242 | 1,717 | |
75 |
3,198 | 3,251 | 1,189 | 7,144 | 8,418 | 17,747 | 0 | 10 | 3 | 31 | 37 | 97 | 154 | 161 | 287 | 242 | 1,717 | |
65/66B |
33,943 | 10,737 | 2,085 | 3,362 | 4,316 | 4,363 | 5,332 | 2,416 | 759 | 1,278 | 267 | 944 | 2,436 | 3,680 | 3,358 | 3,143 | 5,790 | |
65 |
33,943 | 10,737 | 2,085 | 3,362 | 4,316 | 4,363 | 5,332 | 2,416 | 759 | 1,278 | 267 | 944 | 2,436 | 3,680 | 3,358 | 3,143 | 5,790 | |
9903 |
105,689 | 376,921 | 88,318 | 90,044 | 99,117 | 146,429 | 110,545 | 124,536 | 27,899 | 14,782 | 18,566 | 8,334 | 13,414 | 29,299 | -59,504 | 114,198 | 46,359 | |
67/77 |
9,433 | 5,000 | 23,290 | 23,926 | 21,307 | 28,368 | 23,544 | 33,596 | 8,234 | 4,461 | 1,570 | - | - | - | - | 36,895 | 13,136 | |
9904 |
96,255 | 371,921 | 65,029 | 66,118 | 77,810 | 118,061 | 87,001 | 90,940 | 19,664 | 10,321 | 16,995 | 8,334 | 13,414 | 29,299 | -59,504 | 77,302 | 33,223 | |
9905 |
96,255 | 371,921 | 65,029 | 66,118 | 77,810 | 118,061 | 87,001 | 90,940 | 19,664 | 10,321 | 16,995 | 8,334 | 13,414 | 29,299 | -59,504 | 77,302 | 33,223 | |
| Appropriation of the result | ||||||||||||||||||
9906 |
736,199 | 689,944 | 383,023 | 382,995 | 391,876 | 314,066 | 246,005 | 209,004 | 137,728 | 128,385 | 118,064 | 101,069 | 92,734 | 79,320 | 50,021 | 109,525 | 33,223 | |
14P |
639,944 | 318,023 | 317,995 | 316,876 | 314,066 | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
50,000 | 50,000 | 65,000 | 65,000 | 75,000 | - | 50,000 | 50,000 | 19,664 | 10,321 | - | - | - | - | - | - | 1,000 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,000 | |
6921 |
50,000 | 50,000 | 65,000 | 65,000 | 75,000 | - | 50,000 | 50,000 | 19,664 | 10,321 | - | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||||||||||
9087 |
- | - | - | - | - | - | 1.3 | 4.8 | 3.5 | 5 | 3.8 | 4.6 | 3.8 | 2.1 | 2.3 | 2.6 | 0.8 | |
Hours worked1013 |
- | - | - | - | - | - | 1,696 | - | 3,736 | 5,712 | 4,232 | 6,536 | 5,152 | 2,564 | 3,104 | 1,840 | 896 | |
| Document | ||||||||||||||||||
The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-10-2026.
2025 annual accounts filed 91 days after the deadline. Filed on 30 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00603265.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-10-2026 | 2026-00603265 | |
| 31-12-2024 | micro format | 30-12-2025 | 2026-00002980 | |
| 31-12-2023 | micro format | 12-08-2024 | 2024-00340280 | |
| 31-12-2022 | micro format | 28-09-2023 | 2023-00462324 | |
| 31-12-2021 | abbreviated format | 31-08-2022 | 2022-20401727 | |
| 31-12-2020 | abbreviated format | 29-07-2021 | 2021-43000245 | |
| 31-12-2019 | micro format | 30-10-2020 | 2020-66900560 | |
| 31-12-2018 | abbreviated format | 30-08-2019 | 2019-60300154 | |
| 31-12-2017 | abbreviated format | 28-05-2018 | 2018-15200550 | |
| 31-12-2016 | abbreviated format | 29-08-2017 | 2017-53200464 | |
| 31-12-2015 | abbreviated format | 26-08-2016 | 2016-48900534 | |
| 31-12-2014 | abbreviated format | 09-09-2015 | 2015-58300315 | |
| 31-12-2013 | abbreviated format | 01-07-2014 | 2014-25200398 | |
| 31-12-2012 | abbreviated format | 07-10-2013 | 2013-62200463 | |
| 31-12-2011 | abbreviated format | 18-09-2012 | 2012-56700188 | |
| 31-12-2010 | abbreviated format | 30-08-2011 | 2011-48900226 | |
| 31-12-2009 | abbreviated format | 30-09-2010 | 2010-56300563 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 214,427 | 441,321 | 153,323 | 158,899 | 174,361 | 225,992 | 201,490 | 195,681 | 96,370 | 75,067 | 51,747 | 51,872 | 66,771 | 93,289 | -6,469 | 151,887 | 90,958 | ||
| 174,249 | 428,834 | 129,138 | 138,756 | 157,157 | 211,008 | 172,614 | 159,680 | 87,380 | 69,360 | 49,947 | 51,025 | 63,755 | 89,770 | -9,540 | 112,090 | 73,748 | ||
| 532,405 | 1.2m | 34,538 | 15,960 | 124,026 | 84,549 | 123,451 | 84,153 | 66,510 | 184,782 | 9,991 | 27,963 | 27,828 | 62,498 | 71,232 | 38,264 | 135,084 | ||
| -171,101 | 277,945 | 162,636 | 203,381 | -15,398 | 36,193 | -25,325 | -77,372 | 43,431 | -13,470 | 74,795 | -52,918 | 42,382 | -1,533 | -41,034 | 38,352 | - | ||
| 503,607 | 686,469 | 483,558 | 466,260 | 406,190 | 366,966 | 277,451 | 279,418 | -14,023 | -25,314 | 75,082 | 35,126 | 17,361 | 2,398 | -22,413 | 61,136 | -16,586 | ||
| 48.8% | 52.7% | 86.7% | 73.2% | 66.8% | 64.7% | 47.8% | 34.6% | 44.8% | 38.2% | 70.6% | 59.1% | 58.5% | 46.0% | 29.5% | 44.3% | 25.9% | ||
| 4.76 | 14.11 | 5.72 | 4.24 | 4.19 | 4.13 | 2.36 | 2.07 | 0.93 | 0.89 | 2.33 | 1.43 | 1.24 | 1.03 | 0.80 | 1.54 | 0.81 | ||
| 4.76 | 14.11 | 5.72 | 4.24 | 4.19 | 4.13 | 2.36 | 2.07 | 0.93 | 0.86 | 2.19 | 1.21 | 1.24 | 1.03 | 0.80 | 1.54 | 0.81 | ||
| 1.05 | 0.90 | 0.15 | 0.37 | 0.50 | 0.55 | 1.09 | 1.89 | 1.23 | 1.62 | 0.42 | 0.69 | 0.71 | 1.17 | 2.39 | 1.26 | 2.87 | ||
| 8.5% | 35.7% | 9.7% | 10.9% | 14.4% | 25.6% | 25.4% | 35.5% | 11.9% | 7.1% | 12.6% | 7.1% | 12.2% | 30.4% | -97.5% | 64.1% | 76.9% | ||
| 4.1% | 18.8% | 8.4% | 8.0% | 9.7% | 16.6% | 12.1% | 12.3% | 5.3% | 2.7% | 8.9% | 4.2% | 7.2% | 14.0% | -28.7% | 28.4% | 19.9% | ||
| 6.32 | 41.10 | 73.55 | 47.26 | 40.40 | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €100,000 | - | - | - | - |
| €1.1m | - | - | - | - | |
| Carrying value of the mortgaged assets | €1.5m | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €532,405 | €1.2m | €34,538 | €15,960 | €124,026 |
| €77,994 | €56,914 | €64,110 | €72,638 | €79,347 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 65% lower than in 2024.
Debt's share of the balance-sheet total rises from 47.3% to 51.2%. Equity and debt are higher.
VARECA has no parent and no holdings in its annual accounts. VARECA shares no director with another company.
| Vareca Aannemingen
registered office since 20-02-2019 · founded in 2019 |
total assets €574,658 (2025) 0720.963.485 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| VARECA - ALGEMENE BOUWWERKEN registered office Kapellestraat 12, 9960 Assenede | 22-08-2008 | 2.172.520.381 |
| 17-03-2025 | Granted | Bouwen of herbouwen; Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen submitted 26-01-2025 · project 2025010135 | Evergem |
| 09-01-2025 | Discontinued | Bouwen of herbouwen; Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen submitted 31-10-2024 · project 2024114270 | Evergem |
Source: Omgevingsloket Vlaanderen.
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 43002F0475/00D000 | 2,520 m² | 1 · 189 m² | 6.4 m |
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