VAREFA
Annual accounts 2025
micro format, filed on 20-12-2025, 42 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €240,000. Estimated: probably between €200,000 and €280,000.
Balance sheet
balance sheet total €278,471 on 30-06-2025in euro
in euro
Position in the sector
82.8%
Higher than 81% of 41,211 companies in 2025.
9.11
Higher than 88% of 39,782 companies in 2025.
34.6%
Higher than 76% of 40,303 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
278,471 | 201,695 | 96,306 | |
21/28 |
36,772 | 49,374 | 61,977 | |
22/27 |
36,772 | 49,374 | 61,977 | |
24 |
36,772 | 49,374 | 61,977 | |
29/58 |
241,700 | 152,321 | 34,330 | |
40/41 |
23,046 | 22,540 | 24,078 | |
40 |
23,046 | 22,540 | 24,008 | |
41 |
- | 0 | 70 | |
54/58 |
213,690 | 125,069 | 5,935 | |
490/1 |
4,964 | 4,712 | 4,317 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
278,471 | 201,695 | 96,306 | |
10/15 |
230,644 | 134,343 | 36,541 | |
10/11 |
3,000 | 3,000 | 3,000 | |
13 |
227,644 | 131,000 | 33,500 | |
133 |
227,644 | 131,000 | 33,500 | |
14 |
0 | 343 | 41 | |
17/49 |
47,828 | 67,352 | 59,765 | |
17 |
21,243 | 31,226 | 40,806 | |
170/4 |
21,243 | 31,226 | 40,806 | |
42/48 |
26,543 | 36,085 | 17,547 | |
42 |
9,983 | 9,580 | 9,194 | |
44 |
688 | 922 | 3,462 | |
440/4 |
688 | 922 | 3,462 | |
45 |
15,873 | 25,583 | 3,748 | |
450/3 |
15,703 | 25,583 | 3,748 | |
454/9 |
169 | - | - | |
47/48 |
- | 0 | 1,143 | |
492/3 |
41 | 40 | 1,411 | |
| Income statement | ||||
9900 |
140,690 | 144,194 | 49,723 | |
630 |
12,602 | 12,602 | 1,036 | |
640/8 |
627 | 1,845 | 866 | |
66A |
- | 0 | 4,018 | |
9901 |
127,461 | 129,747 | 43,803 | |
75/76B |
0 | 0 | 0 | |
75 |
0 | 0 | 0 | |
65/66B |
1,754 | 2,131 | 285 | |
65 |
1,754 | 2,131 | 285 | |
9903 |
125,707 | 127,617 | 43,518 | |
67/77 |
29,406 | 29,814 | 9,977 | |
9904 |
96,300 | 97,802 | 33,541 | |
9905 |
96,300 | 97,802 | 33,541 | |
| Appropriation of the result | ||||
9906 |
96,644 | 97,843 | 33,541 | |
14P |
343 | 41 | - | |
691/2 |
96,644 | 97,500 | 33,500 | |
6921 |
96,644 | 97,500 | 33,500 | |
| Document | ||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 20-12-2025.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 140,063 | 142,350 | 44,839 | ||
| 108,903 | 110,405 | 34,577 | ||
| 0 | 0 | 89,861 | ||
| 88,621 | 119,134 | - | ||
| 215,156 | 116,235 | 16,782 | ||
| 82.8% | 66.6% | 37.9% | ||
| 9.11 | 4.22 | 1.96 | ||
| 0.21 | 0.50 | 1.64 | ||
| 41.8% | 72.8% | 91.8% | ||
| 34.6% | 48.5% | 34.8% | ||
| 79.85 | 66.81 | over 100 |
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.
Investments
fixed assets acquired| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 |
|---|---|---|---|
| Tangible fixed assets | - | - | €89,861 |
| €12,602 | €12,602 | €1,036 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on VAREFA
The operating result for 2025 is 2% lower than in 2024.
Debt's share of the balance-sheet total falls from 33.4% to 17.2%. Equity is higher and debt is lower.