Financials
- Fiscal year
- 2025
- Total assets
- €112,077
- Loss
- -€18,704
- Solvency
- 25.8%
Total assets▲ 12.6%
Net result
20182025
VARESE
ActiveSummary
VARESE has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €28,890 and a net result of -€18,704. Equity is shrinking by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 43% of 20110 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Overview
Activity
Retail sale of footwear
NACE 47721NACE 52431
#9 oldest company in Châtelet, Wholesale and retail trade sector1 site
Size
€112,077total assets 2025
- Equity
- €28,890
- Loss
- -€18,704
Structure
Accounts 19 d early0 of 2 deeds read
Why 65- Loss of €18,704, the second in a row (FY 2025)- Sector Retail trade (NACE 47)+ Size: total assets €112,077+ Founded in 1984Show the evidence
Checked score
Score 2025
65
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 21% of its sector peers (NACE 47, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
51-22
equity 25.8% of total assets
Liquidity
26-2
short-term debt 52.9% · cash 2.5%
Profitability
0-4
return on assets -16.7%
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 5 months
06-2026: 0.7%lowest value
07-2026: 0.7%▲ +6.2% vs 06-2026
08-2026: 1.0%▲ +33.3% vs 07-2026highest value
09-2026: 1.0%● 0.0% vs 08-2026highest value
10-2026: 1.0%● 0.0% vs 09-2026highest value
- Loss of €18,704, the second in a row (FY 2025) raises the probability
- Sector Retail trade (NACE 47) raises the probability
- Size: total assets €112,077 lowers the probability for this profile
- Founded in 1984 lowers the probability for this profile
Credit up to €1,500 at 30 days acceptable
Liquidity tight (current ratio 1.33 against 1.52 in 2024; short-term debt: 52.9% and cash: 2.5% of total assets), and 74.2% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 47, micro). Better than this share of them on solvency 41%, liquidity 24%, profitability 6%, growth against the median 13%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
1819202122232425
2018 to 2025 · latest year -€18,704
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 12-07-2026, 19 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
19 d early
2024
27 d early
2023
on the day
2022
12 d early
2021
6 d early
2020
17 d early
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 1 day after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 19 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Weakest financial yearnet -€18,704
- Annual accounts filedfiscal year 2024 · micro…
Key points
By topic
Timeline
- Events
- 14
- Since
- 2017
- Next accounts
- by 31-07-2027
- 12-07-2026Annual accounts filed
- 31-12-2025Weakest financial year
- 04-07-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Retail sale of footwearNACE 47721
- Founded
- 07-08-1984
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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