VARI

Inactive

KBO/BCE: BE 0457.616.405

VARI was declared bankrupt on 22-09-2020 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed by liquidation by judgment of 23-05-2023, published in the Belgian Official Gazette on 13-06-2023.

Summary

Inactive; last annual accounts for financial year 2018.

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VARIInactive

Report

Financials · financial year 2018, abbreviated format

Equity

€292,190

Total assets

€1.0m

Net result

€30,293

Working capital

€27,808

Turnover and EBIT margin not published: the abbreviated format does not require them.

Balance-sheet composition

Assets €1.0m

28.8%

71.2%

Fixed assets €292,219

Current assets €721,940

Equity and liabilities €1.0m

28.8%

71.2%

Equity €292,190

Debt €721,969

Debt finances 71.2% of the balance-sheet total.

Key figures and ratios

2018 value

EBITDA

€193,460

Cash flow

€179,821

Current ratio

1.04

Quick ratio

0.20

Debt to equity

0.10

ROE

10.4%

ROA

3.0%

Debt ≤ 1 year

€694,132

Debt > 1 year

€27,837

Income taxes

€3,544

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Last 5 years All years

Filed annual accounts As filed with the NBB · 2018 · 27 lines

Balance sheet Code2018

Assets

Total assets20/58€1.0m

Fixed assets21/28€0.3m

Intangible fixed assets21€0.2m

Tangible fixed assets22/27€0.05m

Financial fixed assets28€80

Current assets29/58€0.7m

Stocks and contracts in progress3€0.6m

Amounts receivable within one year40/41€0.1m

Cash at bank and in hand54/58€0.001m

Equity and liabilities

Total equity and liabilities10/49€1.0m

Equity10/15€0.3m

Contributions10/11€0.04m

Reserves13€0.2m

Profit (loss) carried forward14€0.09m

Amounts payable17/49€0.7m

Amounts payable after more than one year17€0.03m

Amounts payable within one year42/48€0.7m

Trade debts44€0.2m

Income statement Code2018

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.1m

Gross operating margin9900€0.2m

Operating profit (loss)9901€0.04m

Recurring financial income75€286

Recurring financial charges65€0.01m

Profit (loss) for the period before taxes9903€0.03m

Income taxes67/77€0.004m

Profit (loss) for the period9904€0.03m

Profit (loss) for the period to be appropriated9905€0.03m

Line	2018
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€149,528
Gross operating margin9900	€227,273
Operating profit (loss)9901	€43,931
Recurring financial income75	€286
Recurring financial charges65	€10,381
Profit (loss) for the period before taxes9903	€33,837
Income taxes67/77	€3,544
Profit (loss) for the period9904	€30,293
Profit (loss) for the period to be appropriated9905	€30,293

Line	2018
Assets
Total assets20/58	€1.0m
Fixed assets21/28	€0.3m
Intangible fixed assets21	€0.2m
Tangible fixed assets22/27	€0.05m
Financial fixed assets28	€80
Current assets29/58	€0.7m
Stocks and contracts in progress3	€0.6m
Amounts receivable within one year40/41	€0.1m
Cash at bank and in hand54/58	€0.001m
Equity and liabilities
Total equity and liabilities10/49	€1.0m
Equity10/15	€0.3m
Contributions10/11	€0.04m
Reserves13	€0.2m
Profit (loss) carried forward14	€0.09m
Amounts payable17/49	€0.7m
Amounts payable after more than one year17	€0.03m
Amounts payable within one year42/48	€0.7m
Trade debts44	€0.2m

Line	2018
Profit (loss) for the period9904	€30,293
+ Depreciation and write-downs630	€149,528
Operating cash flow (approximation)	€179,821

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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