VARIMO
ActiveVARIMO has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.77M and a net result of €196k. Equity is growing by ~13.3% per year across the filed fiscal years. Its solvency ranks better than 45% of 9088 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
61
/ 100
Healthy▲ +17 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability55▲+10
Solvency29▲+7
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity short (current ratio 0.17 against 0.12 in 2024), and 73.5% 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○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
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
26.5%
Return on assets
2.9%
Age of the figures
11 mo
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-05-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
23 d late
2023
6 d early
2022
30 d late
2021
11 d late
2020
on the day
2019
28 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
12-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.77M▲ 12.4%
2024 · €1.57M
2018: €758k
2019: €790k
2020: €923k
2021: €1.23M
2022: €1.31M
2023: €1.43M
2024: €1.57M
2018 → 2025
Total assets
€6.69M▼ 1.4%
2024 · €6.78M
2018: €6.14M
2019: €6.00M
2020: €5.62M
2021: €7.82M
2022: €7.29M
2023: €7.18M
2024: €6.78M
2018 → 2025
Net result
€196k▲ 37.8%
2024 · €142k
2018: €-284k
2019: €32k
2020: €133k
2021: €312k
2022: €77k
2023: €120k
2024: €142k
2018 → 2025
Working capital
€-2.32M▲ 9.2%
2024 · €-2.55M
2018: €-3.33M
2019: €-3.13M
2020: €-2.75M
2021: €-2.76M
2022: €-2.85M
2023: €-2.71M
2024: €-2.55M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.23M-€1.31M▲ 6.2%€1.43M▲ 9.2%€1.57M▲ 9.9%€1.77M▲ 12.4%
Operating result€493k-€231k▼ 53.1%€293k▲ 26.6%€346k▲ 18.1%€419k▲ 21.2%
Net result€312k-€77k▼ 75.3%€120k▲ 55.9%€142k▲ 18.2%€196k▲ 37.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 21% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.69M
Fixed assets
€6.20M▼ 3.7%
Current assets
€480k▲ 43.1%
Equity and liabilities €6.69M
Equity
€1.77M▲ 12.4%
Provisions
€12k▼ 20.0%
Debt
€4.90M▼ 5.5%
The debt ratio falls from 76.6% to 73.4%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€660k▲
2024 · €610k
Cash flow
€437k▲
2024 · €406k
Solvency
26.5%▲
2024 · 23.2%
Current ratio
0.17▲
2024 · 0.12
Quick ratio
0.17▲
2024 · 0.12
Debt / equity
2.77▼
2024 · 3.30
ROE
11.1%▲
2024 · 9.0%
ROA
2.9%▲
2024 · 2.1%
Interest coverage
5.16▲
2024 · 4.50
Debt
€4.90M▼
2024 · €5.19M
Debt ≤ 1 year
€2.80M▼
2024 · €2.89M
Debt > 1 year
€1.96M▼
2024 · €2.18M
Income taxes
€100k▲
2024 · €73k
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€6.78M€6.69M▼
Fixed assets21/28€6.44M€6.20M▼
Tangible fixed assets22/27€6.27M€6.03M▼
Land and buildings22€6.26M€6.02M▼
Furniture and vehicles24€9k€10k▲
Financial fixed assets28€173k€173k=
Current assets29/58€336k€480k▲
Amounts receivable within one year40/41€107k€106k▼
Trade receivables40€107k€106k▼
Other amounts receivable41€38€39▲
Cash at bank and in hand54/58€156k€360k▲
Deferred charges and accrued income490/1€72k€14k▼
Equity and liabilities
Total equity and liabilities10/49€6.78M€6.69M▼
Equity10/15€1.57M€1.77M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Revaluation surpluses12€30k€30k=
Reserves13€275k€471k▲
Non-distributable reserves130/1€23k€23k=
Legal reserve130€12k€12k=
Reserves not available under the articles1311€11k€11k=
Tax-exempt reserves132€29k€24k▼
Distributable reserves133€222k€424k▲
Profit (loss) carried forward14€1.21M€1.21M=
Provisions and deferred taxes16€15k€12k▼
Deferred taxes168€15k€12k▼
Amounts payable17/49€5.19M€4.90M▼
Amounts payable after more than one year17€2.18M€1.96M▼
Financial debts170/4€2.18M€1.96M▼
Amounts payable within one year42/48€2.89M€2.80M▼
Current portion of amounts payable after more than one year42€216k€219k▲
Financial debts43€100k-
Credit institutions430/8€100k-
Trade debts44€73k€36k▼
Suppliers440/4€73k€36k▼
Taxes, remuneration and social security45€47k€77k▲
Taxes450/3€47k€77k▲
Other amounts payable47/48€2.45M€2.47M▲
Accrued charges and deferred income492/3€120k€142k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€264k€241k▼
Other operating charges640/8€102k€56k▼
Gross operating margin9900€712k€716k▲
Operating profit (loss)9901€346k€419k▲
Financial income75/76B€1k€1k▲
Recurring financial income75€1k€1k▲
Financial charges65/66B€135k€128k▼
Recurring financial charges65€135k€128k▼
Profit (loss) for the period before taxes9903€212k€292k▲
Transfer from deferred taxes780€3k€3k=
Income taxes67/77€73k€100k▲
Profit (loss) for the period9904€142k€196k▲
Transfer from tax-exempt reserves789€6k€6k=
Profit (loss) for the period to be appropriated9905€148k€202k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.36M€1.41M▲
Profit (loss) brought forward from the previous period14P€1.21M€1.21M=
Transfer to equity691/2€148k€202k▲
To other reserves6921€148k€202k▲
The notes to these accounts (16 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
28-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
23-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 23 days late
2024
24-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
11-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 11 days late
2021
30-09
Financial
Highest result since 2018net €312k ▲135%
Operating result €493k, net result €312k, both a record.
30-09
Financial
Equity above €1MEq €1.23M ▲33.8%
3 profitable years in a row build equity to €1.23M.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
28-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
2019
30-09
Financial
Back to profitnet €32k
Net result €32k after one loss-making year.
29-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
05-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
03-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2025
Devarisa
CurrentSole director · since 30-04-2025 · Public limited company · perm. rep.: VAN RIET Carla Alice Frans
30-04-2025
Devarisa: Resigned as Director
30-04-2025
Devarisa: Appointed as Sole director
30-04-2025
HEREMANS Hilda Josepha: Resigned as Director
Location & real-estate footprint
Registered office, Buggenhout · 1 establishment unit since 1981
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.
Bareeldreef 49255 BuggenhoutGround area
626 m²
Building footprint
475 m²
Volume, LiDAR
2,104 m³
Parcel 42004B0006/00G008, Flanders · tallest building 16.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
VARIMO
since 19812.018.261.776
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42004B0006/00G008 | Flanders | 626 m² | 1 · 475 m² | 16.1 m · 1 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.
Similar companies · same sector, comparable size
WINCHILL
BE 0750.593.027
Knokke-Heist · Eq €1.77M
IMMOATWORK
BE 0440.810.956
Oudergem · Eq €1.77M
Desrem - Invest
BE 0442.281.297
Zemst · Eq €1.77M
IMMO BEHEER ACAR
BE 0437.145.940
Waasmunster · Eq €1.77M
KARELCO
BE 0451.554.202
Genk · Eq €1.77M
Of 9,094 companies in sector 68201 we hold annual accounts for 6,725. 4,403 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded30-12-1980
Fiscal year end30-09
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 45 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.