Starting capital
€15,000 100 shares
VARII
Overview
Lifetime
1 annual account with figurespeak €1.9m (2025)
€1.9m
peak €50,510 (2025)
€50,510
peak €55,510 (2025)
€55,510
€82,463
Board2 names since 2024
2 directorsSINGH Varinder and 1 other
Documentsfilings and deeds
23-06-202638 days before the deadline
2025micro format
Registered office moved from Puurs-Sint-Amands to Grobbendonk 31-01First year with figures
Key points
from the 2025 annual accountsPosition in the sector
€50,510
Higher net result than 88% of companies in retail trade. Sector median €5,048 · 22,907 companies.
Checked score
64
Healthy
Financially stronger than 61% of micro companies in retail trade (NACE 47)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
08-2025: 3.8%
09-2025: 3.8%● unchanged vs 08-2025
10-2025: 3.9%▲ +0.1 percentage points vs 09-2025
11-2025: 4.3%▲ +0.4 percentage points vs 10-2025
12-2025: 4.5%▲ +0.2 percentage points vs 11-2025
01-2026: 4.9%▲ +0.4 percentage points vs 12-2025
02-2026: 5.1%▲ +0.2 percentage points vs 01-2026
03-2026: 5.1%● unchanged vs 02-2026
04-2026: 5.0%▼ -0.1 percentage points vs 03-2026
05-2026: 5.0%● unchanged vs 04-2026
06-2026: 5.4%▲ +0.4 percentage points vs 05-2026highest value
07-2026: 1.6%▼ -3.8 percentage points vs 06-2026lowest value
08-2026: 1.6%● unchanged vs 07-2026lowest value
09-2026: 1.6%● unchanged vs 08-2026lowest value
10-2026: 1.6%● unchanged vs 09-2026lowest value
11-2026: 1.6%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Founded in 2024
1 change of registered office in 24 months
Size: turnover €1.9m, total assets €137,973
lowers risk
Liquidity: current ratio 1.33, cash €38,714
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 47, micro). It does better than 55% of them on solvency, 59% on liquidity and 69% on profitability.
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 moderate class on 30-06-2025, 2.4% 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, 39,278 companies had the same profile as VARII has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VARII itself: 1.6% 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 39,278 companies, not a prediction for VARII. 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 €3,500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.33, below the usual 1.5. Short-term debt is 59.8% and cash 28.1% of total assets. 59.8% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 23-06-2026, 38 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
38 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
Board and ownership
- SINGH Varinder founderdeed of 22-07-2024
- XXX Navdeep Kaur founderdeed of 22-07-2024
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1011743355
Registered office moved from Puurs-Sint-Amands to Grobbendonk
New registered office: Leopoldstraat 123, 2280 Grobbendonk · Previous registered office: St.-Katharinastraat, 2870 Puurs-Sint-Amands · General meeting of 21-01-2025 · Gazette deed
Incorporation
Founding capital of €15,000, 100 shares · Founders: SINGH Varinder (comparant) and XXX Navdeep Kaur (comparant) · Appointments: SINGH Varinder (director) and XXX Navdeep Kaur (director) · published on 22-07-2024 · Gazette deed
First establishment
Leopoldstraat 123, Grobbendonk
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VARII Grobbendonk | €1.9m | 3.9% | 40.2% | - |
| MI RETAIL GROUP Houyet | - | - | 7.8% | - |
| JBBE Mouscron | - | - | 18.9% | - |
| L.A.P. Bruges | - | - | 40.4% | - |
| ERQUELINNES SHOPS Erquelinnes | €2.7m | 0.0% | 0.6% | - |
| LUCK 786 Charleroi | - | - | 44.6% | - |
| DAGDEINZE Deinze | - | - | 24.7% | - |
Grey: the largest companies of the sector (retail trade (NACE 47)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as VARII: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €118,000 and €145,000, founded in 2024.
Official details
Source: KBO- Status
- Active since 18-07-2024Normal situation
- Activity
- Non-specialised retail sale with food, beverages or tobacco predominatingNACE 47110
- Establishment unit
- 2.363.045.5062280 Grobbendonk, since 18-07-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 01-05-2025
Annual accounts 2025
- €1.9m
- €50,510
- €55,510
- €137,973
- Filing
- Filed on 23-06-2026, 38 days before the end of the filing period
Insights on VARII
The computed 12-month bankruptcy probability of VARII is 1.6% (moderate). The 2025 annual accounts show equity of €55,510 and a net result of €50,510.
Its solvency ranks better than 56% of 22,924 sector peers (NACE 47, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 23-06-2026, 38 days before the deadline€1.9m
€72,915
€75,872
€53,467
40.2%
1.33
Money flows
of every €100 of turnover, €2.72 remains as profit in 2025Balance sheet
balance sheet total €137,973 on 31-12-2025What the company ownsHow it is paid for
Position in the sector
40.2%
Higher than 56% of 22,924 companies in 2025.
1.33
Higher than 46% of 22,052 companies in 2025.
36.6%
Higher than 94% of 22,202 companies in 2025.
VARII
Middle half of the sector
80% of the sector
Micro accounts in retail trade (NACE 47)
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
137,973 | |
21/28 |
28,068 | |
21 |
3,542 | |
22/27 |
4,525 | |
24 |
4,525 | |
28 |
20,000 | |
29/58 |
109,905 | |
3 |
58,095 | |
30/36 |
58,095 | |
40/41 |
12,270 | |
40 |
8,484 | |
41 |
3,785 | |
54/58 |
38,714 | |
490/1 |
827 | |
| Balance sheet: equity and liabilities | ||
10/49 |
137,973 | |
10/15 |
55,510 | |
10/11 |
5,000 | |
14 |
50,510 | |
17/49 |
82,463 | |
42/48 |
82,463 | |
42 |
17,912 | |
44 |
49,499 | |
440/4 |
49,499 | |
45 |
14,432 | |
450/3 |
12,882 | |
454/9 |
1,550 | |
47/48 |
619 | |
| Income statement | ||
70 |
1.9m | |
9900 |
77,602 | |
60/61 |
1.9m | |
630 |
2,957 | |
640/8 |
1,015 | |
66A |
715 | |
9901 |
72,915 | |
75/76B |
18 | |
75 |
18 | |
65/66B |
9,743 | |
65 |
9,743 | |
9903 |
63,190 | |
67/77 |
12,680 | |
9904 |
50,510 | |
9905 |
50,510 | |
| Appropriation of the result | ||
9906 |
50,510 | |
| Document | ||
The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 23-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 23-06-2026 | 2026-00188425 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| 75,872 | ||
| 53,467 | ||
| 31,025 | ||
| 27,443 | ||
| 3.9% | ||
| 40.2% | ||
| 1.33 | ||
| 0.63 | ||
| 1.49 | ||
| 91.0% | ||
| 36.6% | ||
| 7.79 | ||
| 2 days | ||
| 10 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 |
|---|---|
| Tangible fixed assets | €6,025 |
| Intangible fixed assets | €5,000 |
| Financial fixed assets | €20,000 |
| €2,957 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Insights on VARII
Debt's share of the balance-sheet total is 59.8%.
Board & ownership
Board
2 directors, since incorporationDirector (not named in the articles)
appointed by deed of 22-07-2024
term without a fixed end
listed in the 2025 annual accounts, filed on 23-06-2026
Director (not named in the articles)
appointed by deed of 22-07-2024
term without a fixed end
listed in the 2025 annual accounts, filed on 23-06-2026
Mandates through the years
2 names, the dashed line is todaySINGH Varinder
Director (not named in the articles)
Director (not named in the articles)
XXX Navdeep Kaur
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- SINGH Varinder
- Director (not named in the articles), appointed by deed of 22-07-2024, still in office
- XXX Navdeep Kaur
- Director (not named in the articles), appointed by deed of 22-07-2024, still in office
Control
Capital
- Contribution
- €5,000
- Shares
- 100
- Contribution per share
- €50
- Equity per share
- €555 in 2025
- Source
- 2025 annual accounts
Articles of association
deed of 22-07-2024 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Op algemene kosten los van representatie-reis-en verplaatsingskosten, algemene vergadering beslist of mandaat al dan niet ten kosteloze…”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Tegen weigering geen beroep op rechter, procedure-en expertisekosten voor helft ten laste overdrager en helft ten laste koper(s) naar…”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- “TITRE V. ALGEMENE VERGADERING Artikel 15. Organisatie en bijeenroeping Ieder jaar wordt een gewone algemene vergadering van aandeelhouders…”
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Om welke reden en op welk ogenblik ook, één of meerdere vereffenaars aanduiden,bevoegdheden omlijnen,vergoeding bepalen”
Founders
At incorporation
deed of 22-07-2024 ↗
- SINGH Varinder founder
- XXX Navdeep Kaur founder
Network & group
No group
VARII has no parent and no holdings in its annual accounts. VARII shares no director with another company.
Timeline
Timeline
5 events since 2024Filings
Establishments
Address
202420252026
2026
Annual accounts 2025 filed NBBmicro format · 38 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:1011743355
Registered office moved from Puurs-Sint-Amands to GrobbendonkNew registered office: Leopoldstraat 123, 2280 Grobbendonk · Previous registered office: St.-Katharinastraat, 2870 Puurs-Sint-Amands · General meeting of 21-01-20252 points ▸
- General meeting, 21-01-2025
- Registered-office move, Leopoldstraat 123, 2280 Grobbendonk
2024
IncorporationFounding capital of €15,000, 100 shares · Founders: SINGH Varinder (comparant) and XXX Navdeep Kaur (comparant) · Appointments: SINGH Varinder (director) and XXX Navdeep Kaur (director) · published on 22-07-20248 points ▸
- Founder, SINGH Varinder (comparant)
- Founder, XXX Navdeep Kaur (comparant)
- Founding capital, €15,000, 100 shares
- 100 shares
- Registered office clause, Sint-Katharinastraat 56, 2870 Puurs
- Board rule, 2
- Director appointment, SINGH Varinder (director (not named in the articles))
- Director appointment, XXX Navdeep Kaur (director (not named in the articles))
- The deed holds 1 more point.
First establishment Leopoldstraat 123, Grobbendonk
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 1011.743.355
- VAT number
- BE 1011.743.355
- Peppol ID
- 0208:1011743355
- Other Peppol ID
- 9925:BE1011743355
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 18-07-2024
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- “TITRE V. ALGEMENE VERGADERING Artikel 15. Organisatie en bijeenroeping Ieder jaar wordt een gewone algemene vergadering van aandeelhouders…”deed of 22-07-2024 (in Dutch)
- Peppol
- Reachable since 01-05-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- VARII in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 22-07-2024 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 22-07-2024 (in Dutch)
Activities
NACEBEL 202547110
Non-specialised retail sale with food, beverages or tobacco predominating main activity
Codes under NACEBEL 2008
47112
Retail trade main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Krantenwinkel - loterijspelen – kansspelen; Alle voedingswaren zoals droge voeding,vlees,fruit,groenten,conserven,melkproducten,producten…”deed of 22-07-2024 (in Dutch)
3 activities
- Krantenwinkel - loterijspelen – kansspelen.
- Alle voedingswaren zoals droge voeding,vlees,fruit,groenten,conserven,melkproducten,producten van de zee,vishandel,beenhouwerij,huishoudartikelen,cadeauartikelen,kruiden,specerijen,
- Alle algemene handelingen kunnen uitvoeren die direct of indirect verband houden met de handel,de productie,de verhuur,de aankoop,verkoop in groot of kleinhandel,vertegenwoordiging,distributie,diensten,verpakkingen,makelaardij,import en export,voor eigen rekening of voor rekening van een derde,internationaal transport van goederen en van personen,voor eigen rekening en voor rekening van een derde.
Registered office and establishments
1 establishment| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| Leopoldstraat 123 registered office 2280 Grobbendonk | 18-07-2024 | 2.363.045.506 | Retail trade |
1 former office
- 2870 Puurs-Sint-Amands until the deed of 31-01-2025
Buildings and parcels at the address
- Ground area
- 640 m²
- Buildings
- 236 m²
- Volume, LiDAR
- 1,053 m³
- Tallest building
- 9.2 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 13010A0452/00T000 | 640 m² | 1 · 236 m² | 9.2 m · 1 |
Recognitions
Food safety, FASFC
1 siteGrobbendonkunit number 2.363.045.506