VARI
InactiveOverview
Activity
Activity not known
Size
€1.0mtotal assets 2018
- Staff
- 1 FTE
- Equity
- €292,190
- Profit
- €30,293
Turnover not published (abbreviated format)
Financial health
Inactive: no score
Structure
0 of 6 deeds read
SignalsneutralPrior bankruptcyNo filing for yearsLatest accounts filed on timeShow the evidence
Signals
Three signals.
neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2018. Since then, 7 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2019 year end31-07-2020 deadline21-10-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2018 was due by 31-07-2019 and was filed on 14-07-2019, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2019
not filed
2018
17 days early
2017
22 days late
2016
5 days early
2015
2 days early
2014
7 days late
2013
8 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 2 days after the deadline; the Belgian median for financial year 2019 is on the deadline day, and 49% of all filings were late.
Searched, nothing found (1)
- Bankruptcy closure (by liquidation)Enterprise Court of Antwerp, Antwerp…
- Date of cessation of payments moved…Enterprise Court of Antwerp, Antwerp…
- OpeningEnterprise Court of Antwerp, Antwerp…
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
Fixed assets
€292,219
Current assets
€721,940
Equity and liabilities €1.0m
Equity
€292,190
Debt
€721,969
Debt finances 71.2% of the balance-sheet total.
Key figures and ratios
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
| 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.
Latest 10 of 22 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2018 | abbreviated format | 14-07-2019 | 2019-33900359 |
| 31-12-2017 | abbreviated format | 22-08-2018 | 2018-51600594 |
| 31-12-2016 | abbreviated format | 26-07-2017 | 2017-37700560 |
| 31-12-2015 | abbreviated format | 29-07-2016 | 2016-38400555 |
| 31-12-2014 | abbreviated format | 07-08-2015 | 2015-41100217 |
| 31-12-2013 | abbreviated format | 08-08-2014 | 2014-41400545 |
| 31-12-2012 | abbreviated format | 15-07-2013 | 2013-32000359 |
| 31-12-2011 | abbreviated format | 30-07-2012 | 2012-38300001 |
| 31-12-2010 | abbreviated format | 15-09-2011 | 2011-54400276 |
| 31-12-2009 | abbreviated format | 30-07-2010 | 2010-38200022 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 0 of 6 Gazette acts processed. See the directors and other office holders in the KBO →
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Thomas Niclaes Brusselstraat 7, 2000 Antwerpen 1 |
22-09-2020 → 23-05-2023 |
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
The board mandates are listed below; here you explore them as a network.
This company
Company
Director
Shareholding
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Board mandates elsewhere
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
History
Acts, filings and financial milestones
2023
13-06
Bankruptcy
Bankruptcy closure (by liquidation)
Enterprise Court of Antwerp, Antwerp division · judgment of 23-05-2023
2021
31-05
Bankruptcy
Date of cessation of payments moved back
Enterprise Court of Antwerp, Antwerp division · judgment of 15-04-2021
2020
28-09
Bankruptcy
Opening
Enterprise Court of Antwerp, Antwerp division · judgment of 22-09-2020
2019
14-07
NBB filing
Annual accounts filed
financial year 2018 · abbreviated format
2018
22-08
NBB filing
Annual accounts filed
financial year 2017 · abbreviated format · 22 days late
2017
26-07
NBB filing
Annual accounts filed
financial year 2016 · abbreviated format
2016
29-07
NBB filing
Annual accounts filed
financial year 2015 · abbreviated format
2015
07-08
NBB filing
Annual accounts filed
financial year 2014 · abbreviated format · 7 days late
2014
08-08
NBB filing
Annual accounts filed
financial year 2013 · abbreviated format · 8 days late
2013
15-07
NBB filing
Annual accounts filed
financial year 2012 · abbreviated format
2012
30-07
NBB filing
Annual accounts filed
financial year 2011 · abbreviated format
2011
15-09
NBB filing
Annual accounts filed
financial year 2010 · abbreviated format · 46 days late
2010
30-07
NBB filing
Annual accounts filed
financial year 2009 · abbreviated format
SignalNBB filingOf the 22 annual accounts filed, the latest 10 are here; all 22 are under Financials.
0 of 6 deeds read
About the unread acts
We know of 6 Belgian Official Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.