VAREKO
ActiveVAREKO has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €289k and a net result of €33k. Equity is growing by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 69% of 11185 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
98
/ 100
Excellent▲ +12 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability58▲+34
Solvency100▲+1
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 2.75 against 2.84 in 2024), and 34.2% 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 · 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
65.8%
Return on assets
7.6%
Age of the figures
8 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
12 d late
2023
26 d early
2022
18 d late
2021
25 d late
2020
31 d late
2019
48 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€289k▼ 5.5%
2024 · €306k
2018: €174k
2019: €202k
2020: €207k
2021: €232k
2022: €233k
2023: €291k
2024: €306k
2018 → 2025
Total assets
€440k▼ 8.2%
2024 · €479k
2018: €320k
2019: €315k
2020: €351k
2021: €360k
2022: €396k
2023: €457k
2024: €479k
2018 → 2025
Net result
€33k▲ 128%
2024 · €15k
2018: €22k
2019: €28k
2020: €6k
2021: €25k
2022: €1k
2023: €58k
2024: €15k
2018 → 2025
Working capital
€251k▼ 13.5%
2024 · €290k
2018: €120k
2019: €131k
2020: €127k
2021: €154k
2022: €140k
2023: €274k
2024: €290k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€232k-€233k▲ 0.6%€291k▲ 24.7%€306k▲ 5.0%€289k▼ 5.5%
Operating result€40k-€6k▼ 86.0%€-16k€21k€55k▲ 167%
Net result€25k-€1k▼ 94.3%€58k▲ 3,987%€15k▼ 74.5%€33k▲ 128%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 167% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €440k
Fixed assets
€45k▲ 45.0%
Current assets
€394k▼ 11.9%
Equity and liabilities €440k
Equity
€289k▼ 5.5%
Debt
€150k▼ 13.1%
The debt ratio falls from 36.1% to 34.2%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€67k▲
2024 · €33k
Cash flow
€46k▲
2024 · €27k
Solvency
65.8%▲
2024 · 63.9%
Current ratio
2.75▼
2024 · 2.84
Quick ratio
1.88▼
2024 · 2.44
Debt / equity
0.52▼
2024 · 0.57
ROE
11.6%▲
2024 · 4.8%
ROA
7.6%▲
2024 · 3.1%
Interest coverage
29.77▲
2024 · 10.99
Debt
€150k▼
2024 · €173k
Debt ≤ 1 year
€143k▼
2024 · €158k
Debt > 1 year
€7k▼
2024 · €15k
Income taxes
€19k▲
2024 · €4k
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€479k€440k▼
Fixed assets21/28€31k€45k▲
Tangible fixed assets22/27€31k€45k▲
Land and buildings22€2k€2k▼
Plant, machinery and equipment23€171-
Furniture and vehicles24€29k€43k▲
Current assets29/58€448k€394k▼
Stocks and contracts in progress3€63k€124k▲
Stocks30/36€63k€124k▲
Amounts receivable within one year40/41€267k€225k▼
Trade receivables40€263k€225k▼
Other amounts receivable41€4k-
Current investments50/53€9k€9k▲
Cash at bank and in hand54/58€109k€36k▼
Deferred charges and accrued income490/1-€31
Equity and liabilities
Total equity and liabilities10/49€479k€440k▼
Equity10/15€306k€289k▼
Contributions10/11€20k€20k=
Reserves13€252k€235k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€250k€233k▼
Profit (loss) carried forward14€34k€34k=
Amounts payable17/49€173k€150k▼
Amounts payable after more than one year17€15k€7k▼
Financial debts170/4€15k€7k▼
Amounts payable within one year42/48€158k€143k▼
Current portion of amounts payable after more than one year42€8k€9k▲
Trade debts44€116k€67k▼
Suppliers440/4€116k€67k▼
Taxes, remuneration and social security45€4k€20k▲
Taxes450/3€4k€20k▲
Other amounts payable47/48€29k€48k▲
Accrued charges and deferred income492/3-€400
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€13k▼
Other operating charges640/8€1k€3k▲
Gross operating margin9900€35k€70k▲
Operating profit (loss)9901€21k€55k▲
Financial income75/76B€641€92▼
Recurring financial income75€641€92▼
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€18k€53k▲
Income taxes67/77€4k€19k▲
Profit (loss) for the period9904€15k€33k▲
Profit (loss) for the period to be appropriated9905€15k€33k▲
Appropriation of the result
Profit (loss) to be appropriated9906€49k€67k▲
Profit (loss) brought forward from the previous period14P€34k€34k=
Transfer to equity691/2€15k€33k▲
To the legal reserve6920€15k€33k▲
The notes to these accounts (6 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 12 days late
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €58k ▲3987%
Net result €58k, the highest in the series.
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 18 days late
2022
31-12
Financial
Weakest financial yearnet €1k ▼94.3%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
17-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 48 days late
2019
31-12
Financial
Equity above €200kEq €202k ▲16.1%
2 profitable years in a row build equity to €202k.
06-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 37 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
14-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 14 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
Vanbroekhoven, Koen
CurrentDirector · since 13-12-2023
13-12-2023
Appointed as Director
Location & real-estate footprint
Registered office, Retie · 2 establishment units since 2004
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.
Noordstraat 712470 RetieGround area
9,111 m²
Building footprint
414 m²
Volume, LiDAR
2,341 m³
2 parcels, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Vareko
since 20042.135.736.793
Dijkstraat 9, 2480 Dessel
since 20092.254.129.847
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13036C0390/00P000 | Flanders | 8,540 m² | 1 · 242 m² | 8.7 m · 2 fl. |
| 13006E0909/00N000 | Flanders | 571 m² | 1 · 172 m² | 9.7 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.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesRetie2.135.736.793
Dessel2.254.129.847
Similar companies · same sector, comparable size
VADIS
BE 0889.760.808
Kruisem · Eq €291k
DRAFHANDEL DECUYPER
BE 0874.709.574
Zandhoven · Eq €285k
Oost Agro
BE 0801.698.565
Lokeren · Eq €294k
NAVERAGRO
BE 0753.522.724
Halen · Eq €294k
FINVOL OMIKRON
BE 0839.316.848
Deinze · Eq €295k
Of 688 companies in sector 46216 we hold annual accounts for 475. 360 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-01-2004
Fiscal year end31-12
Activities, NACEBEL
46216Wholesale of agricultural produce and animal feed, general range
51210
46382Wholesale trade
51383
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 22 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.