Result
-€626,353 ▲ 67.0%
The result rose in 2025 from -€1.9m to -€626,353.
VARELLA
Lifetime
2 annual accounts with figures on one time axispeak €1.3m (2025)
€1.3m▲ €2.3m
lowest -€1.9m (2024)
-€626,353▲ €1.3m
peak €8.1m (2024)
€7.5m▼ 7.7%
€27.8m▲ 50.8%
Board3 names since 2023
2 directorsLife tree and 1 other
Documentsfilings and deeds
28-07-20263 days before the deadline
2025abbreviated format
Gross margin from -€1.0m to €1.3mLoss of €626,353Registered office moved to Antwerp 19-08Powers of attorney: Bruno Vanwelsenaers, Pieter Wagemans and… 24-01Debts from €18.4m to €27.8mInvestments €6.6m
Key points
from the 2025 annual accountsTurnover
≈ €1.5m estimated
The abbreviated format states no turnover.
Debts
€27.8m 79% of the balance sheet
Financial debts 99%Suppliers 1%
€27.3m of the debts are secured on the company's own assets.
Investments
€6.6m 6.6 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 160.7% higher than in 2024.
At the same address
31 companies
Position in the sector
-€626,353
Lower net result than 95% of companies in real estate. Sector median €9,997 · 11,290 companies.
Checked score
62
Healthy
Financially stronger than 25% of medium-sized companies in real estate (NACE 68)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.5% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 1,720 companies (NACE 68, medium-sized).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.1%lowest value
01-2025: 1.1%● unchanged vs 12-2024lowest value
02-2025: 1.1%● unchanged vs 01-2025
03-2025: 1.2%▲ +0.1 percentage points vs 02-2025
04-2025: 1.3%▲ +0.1 percentage points vs 03-2025
05-2025: 1.4%▲ +0.1 percentage points vs 04-2025
06-2025: 1.4%● unchanged vs 05-2025
07-2025: 1.6%▲ +0.2 percentage points vs 06-2025highest value
08-2025: 1.6%● unchanged vs 07-2025
09-2025: 1.4%▼ -0.2 percentage points vs 08-2025
10-2025: 1.4%● unchanged vs 09-2025
11-2025: 1.5%▲ +0.1 percentage points vs 10-2025
12-2025: 1.5%● unchanged vs 11-2025
01-2026: 1.5%● unchanged vs 12-2025
02-2026: 1.5%● unchanged vs 01-2026
03-2026: 1.5%● unchanged vs 02-2026
04-2026: 1.5%● unchanged vs 03-2026
05-2026: 1.5%● unchanged vs 04-2026
06-2026: 1.5%● unchanged vs 05-2026
07-2026: 1.5%● unchanged vs 06-2026
08-2026: 1.5%● unchanged vs 07-2026
09-2026: 1.5%● unchanged vs 08-2026
10-2026: 1.5%● unchanged vs 09-2026
11-2026: 1.5%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 0.15
1 change of registered office in 24 months
lowers risk
Sector: Real estate activities (NACE 68)
Size: total assets €35.3m
Calculation
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 68, medium-sized). It does better than 43% of them on solvency, 11% on liquidity, 22% on profitability and 23% 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 low class on 30-06-2025, 0.8% 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).
Comparable companies, two years later
In July 2024, 137 companies had the same profile as VARELLA has now. Each dot is one company, two years later.
95.6%
were still trading
2.2%
stopped another way
2.2%
went bankrupt
That fits the bankruptcy probability of VARELLA itself: 1.5% within 12 months.
Test of the method
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 137 companies, not a prediction for VARELLA. 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.
Credit verdict
Credit of up to €460,000 on 30-day terms, only on tighter conditions: young company (under 3 years) without a track record
Liquidity is insufficient, with a current ratio of 0.15 (0.06 in 2024), below 1. Short-term debt is 78.8% of total assets. 78.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
2425
2024 to 2025 · latest year -€626,353
raises risk · Young company
Founded in 2023, 2 years ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation dateAge against the risk zone
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 28-07-2026, 3 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
3 days early
2024
13 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 5 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1002515091
Registered office moved to Antwerp
New registered office: Kattendijkdok-Westkaai 12.001, 2000 Antwerpen · Permanent representatives: Michiel Beers and Manu Beers · Gazette deed
Environmental permit granted
Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Antwerpen
Incorporation
Founding capital of €10,000,000, €1,000,000 paid up · Founders: viLdiS and Life tree · Appointments: viLdiS (director), Life tree (director) and PwC Bedrijfsrevisoren (statutory auditor) · published on 23-11-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VARELLA Antwerp | €35.3m | €1.3m | 21.2% | - |
| EFIMO FP Paliseul | €20.8m | €1.1m | 78.6% | 21.6 |
| PROPEO Lasne | €23.6m | €2.5m | 9.1% | 4.5 |
| SAM Estates Antwerp | €26.6m | €1.1m | -1.6% | 3.9 |
| BOSUIL Antwerp | €12.6m | €1.3m | -1.8% | 1.5 |
| Heres Gryson Anderlecht | €24.3m | €1.9m | -3.6% | - |
| EEIC Belgium Sint Truiden Saint-Josse-ten-Noode | €12.3m | €0.7m | -4.1% | - |
These companies have the same main activity as VARELLA: property management for co-owned buildings (syndics) (NACE 68321). They are comparable in size and age: total assets between €12m and €27m, founded between 2019 and 2023.
Official details
Source: KBO- Status
- Active since 21-11-2023Normal situation
- Registered office
- 32 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- Property management for co-owned buildings (syndics)NACE 68321
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- €35.3m▲ 32.9%
- Filing
- Filed on 28-07-2026, 3 days before the end of the filing period
Insights on VARELLA
VARELLA has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.5m and a net result of -€626,353.
Its solvency ranks better than 40% of 11,299 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VARELLA
- What is the company number of VARELLA?
- The company number of VARELLA is 1002.515.091. The VAT number is the same number with BE in front: BE 1002.515.091.
- Where is VARELLA based?
- The registered office is at Kattendijkdok-Westkaai 12, 2000 Antwerp.Company details
- What does VARELLA do?
- According to the KBO register, the main activity is property management for co-owned buildings (syndics) (NACE 68321).
- What is the legal form of VARELLA?
- VARELLA is a private limited company (BV).
- When was VARELLA founded?
- VARELLA was founded on 21-11-2023.
- Is VARELLA still active?
- Yes, VARELLA is an active enterprise in the KBO register.
- What is the turnover of VARELLA?
- The turnover in financial year 2025 is ≈ €1.5m. This figure is estimated from the gross margin of €1.3m and 148 comparable companies (NACE 68). It probably lies between €1.3m and €2.0m.Financials
- Is VARELLA profitable?
- In financial year 2025, VARELLA made a loss of €626,353.
- Where can I find the annual accounts of VARELLA?
- VARELLA filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VARELLA due?
- VARELLA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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