VARGEN
ActiveVARGEN has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19k and a net result of €55k. Equity is shrinking by ~12.9% per year across the filed fiscal years. Its solvency ranks better than 15% of 16759 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
78
/ 100
Excellent▲ +5 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency36▲+1
Growth58=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 1.81 against 1.58 in 2024), but 89.4% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
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
10.6%
Return on assets
31.3%
Age of the figures
8 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 16759 sector peers (2025).
NBB · sector comparisonPosition among 16759 sector peers
Solvency
better than 15%
← weakest
strongest →
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 18-03-2026, 135 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
135 d early
2024
20 d late
2023
30 d late
2022
30 d late
2021
38 d early
2020
30 d early
2019
84 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
08-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€19k=
2024 · €19k
2018: €40k
2019: €91k
2020: €145k
2021: €21k
2022: €22k
2023: €19k
2024: €19k
2018 → 2025
Total assets
€176k▲ 7.7%
2024 · €163k
2018: €74k
2019: €130k
2020: €192k
2021: €107k
2022: €110k
2023: €164k
2024: €163k
2018 → 2025
Net result
€55k▲ 19.5%
2024 · €46k
2018: €28k
2019: €51k
2020: €53k
2021: €54k
2022: €50k
2023: €52k
2024: €46k
2018 → 2025
Working capital
€60k▲ 51.5%
2024 · €40k
2018: €25k
2019: €78k
2020: €127k
2021: €8k
2022: €18k
2023: €22k
2024: €40k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€21k-€22k▲ 4.3%€19k▼ 15.6%€19k▲ 0.5%€19k=
Operating result€69k-€65k▼ 6.7%€72k▲ 11.8%€68k▼ 5.8%€81k▲ 18.4%
Net result€54k-€50k▼ 7.2%€52k▲ 2.7%€46k▼ 10.9%€55k▲ 19.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 18% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €176k
Fixed assets
€42k▼ 25.2%
Current assets
€134k▲ 25.1%
Equity and liabilities €176k
Equity
€19k=
Provisions
€83k▲ 8.0%
Debt
€74k▲ 9.6%
The debt ratio rises from 41.4% to 42.1%: debt grows faster than equity.
Key figures and ratios
EBITDA
€97k▲
2024 · €84k
Cash flow
€71k▲
2024 · €62k
Solvency
10.6%▼
2024 · 11.4%
Current ratio
1.81▲
2024 · 1.58
Quick ratio
1.81▲
2024 · 1.58
Debt / equity
3.96▲
2024 · 3.61
ROE
294.6%▲
2024 · 246.5%
ROA
31.3%▲
2024 · 28.2%
Interest coverage
15.40▲
2024 · 14.42
Debt
€74k▲
2024 · €68k
Debt ≤ 1 year
€74k▲
2024 · €68k
Income taxes
€19k▲
2024 · €16k
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€163k€176k▲
Fixed assets21/28€56k€42k▼
Tangible fixed assets22/27€56k€42k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€52k€39k▼
Other tangible fixed assets26€2k€2k▼
Current assets29/58€107k€134k▲
Amounts receivable within one year40/41€16k€23k▲
Trade receivables40€12k€22k▲
Other amounts receivable41€4k€1k▼
Cash at bank and in hand54/58€89k€109k▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€163k€176k▲
Equity10/15€19k€19k=
Contributions10/11€19k€19k=
Reserves13€100€100=
Distributable reserves133€100€100=
Provisions and deferred taxes16€77k€83k▲
Provisions for liabilities and charges160/5€77k€83k▲
Other liabilities and charges164/5€77k€83k▲
Amounts payable17/49€68k€74k▲
Amounts payable within one year42/48€68k€74k▲
Trade debts44€4k€4k▼
Suppliers440/4€4k€4k▼
Taxes, remuneration and social security45€4k€4k▼
Taxes450/3€4k€4k▼
Other amounts payable47/48€59k€66k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€16k▼
Other operating charges640/8€515€567▲
Non-recurring operating charges66A€5€6▲
Gross operating margin9900€85k€97k▲
Operating profit (loss)9901€68k€81k▲
Financial charges65/66B€6k€6k▲
Recurring financial charges65€6k€6k▲
Profit (loss) for the period before taxes9903€62k€74k▲
Income taxes67/77€16k€19k▲
Profit (loss) for the period9904€46k€55k▲
Profit (loss) for the period to be appropriated9905€46k€55k▲
Appropriation of the result
Profit (loss) to be appropriated9906€46k€55k▲
Transfer to equity691/2€100-
To other reserves6921€100-
Profit to be distributed694/7€46k€55k▲
Return on contributions (dividend)694€46k€55k▲
The notes to these accounts (7 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
18-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €55k ▲19.5%
Operating result €81k, net result €55k, both a record.
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100kEq €145k ▲58.4%
3 profitable years in a row build equity to €145k.
23-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 84 days late
2019
09-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 9 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
CANT Nils
CurrentSole director · since 19-04-2023
19-04-2023
Resigned as Sole director
19-04-2023
Appointed as Sole director
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2018
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.
Zeelandstraat 492660 AntwerpenGround area
420 m²
Building footprint
87 m²
Volume, LiDAR
554 m³
Parcel 11019B0035/00E007, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VARGEN
since 20182.274.136.888
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11019B0035/00E007 | Flanders | 420 m² | 1 · 87 m² | 10.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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BE 0689.803.127
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ByteBurst
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EXCELLO
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Of 29,863 companies in sector 62200 we hold annual accounts for 18,314. 12,672 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-03-2018
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 08-09-2026. Scores and ratios are computed by Checked and are not a credit decision.