VARITAPE
ActiveSummary
VARITAPE has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.3m and a net result of €196,544. Equity is growing by ~9.9% per year across the filed fiscal years. Its solvency ranks better than 85% of 159 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
What stands out
Overview
0 of 5 deeds readAccounts 93 d earlyTurnover not published (abridged schema)
Why 89- Higher-failure-rate sector+ Long track record+ Annual accounts: healthy financial profileLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability84▲+9
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110,000 at 30 days acceptable
Liquidity ample (current ratio 4.69 against 3.48 in 2024; short-term debt: 19.6% and cash: 29% of total assets), and 19.6% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 22
Relative position
BE, all sectors
reference
Manufacture of rubber and plastic products (NACE 22)
about 50% more bankruptcies
← 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
80.4%
Return on assets
12.4%
Age of the figures
9 mo
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 29-04-2026, 93 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
93 d early
2024
121 d early
2023
13 d early
2022
7 d early
2021
24 d early
2020
19 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 40 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 34% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 7 July (4 of the last 5 filed years within 69 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Annual accounts filedfiscal year 2024 · abbreviated…
- Annual accounts filedfiscal year 2023 · abbreviated…
Financials
Fiscal year 2025Total assets €1.6mProfit €196,544Solvency 80.4%Liquidity 4.69
Total assets
€1.6m▼ 22.5%
2018 - 2025
Net result
€196,544▲ 96.1%
2018 - 2025
Equity
€1.3m▼ 23.0%
2018 - 2025
Staff (FTE)
6.8▲ 1.5%
2018 - 2025
Financials · fiscal year 2025, abbreviated schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 22, Manufacture of rubber and plastic products, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€0.2m▲ 88.4%€0.3m▲ 60.3%€0.09m▼ 71.5%€0.1m▲ 49.1%€0.3m▲ 87.1%
Net result€0.2mwithin the sector's middle half▲ 90.3%€0.2mabove the sector's middle half▲ 54.8%€0.07mwithin the sector's middle half▼ 71.9%€0.1mwithin the sector's middle half▲ 50.8%€0.2mwithin the sector's middle half▲ 96.1%
Equity€1.3mwithin the sector's middle half▲ 13.2%€1.5mwithin the sector's middle half▲ 18.2%€1.6mwithin the sector's middle half▲ 4.1%€1.7mwithin the sector's middle half▲ 6.2%€1.3mwithin the sector's middle half▼ 23.0%
Total assets€1.7mwithin the sector's middle half▲ 21.8%€1.9mwithin the sector's middle half▲ 13.3%€1.9mwithin the sector's middle half▼ 0.7%€2.1mwithin the sector's middle half▲ 7.2%€1.6mwithin the sector's middle half▼ 22.5%
Debt€0.4m▲ 56.7%€0.4m▼ 1.0%€0.4m▼ 17.6%€0.4m▲ 11.4%€0.3m▼ 20.8%
Working capital€1.1mabove the sector's middle half▲ 25.6%€1.2mabove the sector's middle half▲ 14.5%€0.9mwithin the sector's middle half▼ 28.9%€1.0mwithin the sector's middle half▲ 11.7%€1.2mabove the sector's middle half▲ 18.1%
Solvency74.5%above the sector's middle half▼ 5.7pp77.7%above the sector's middle half▲ 3.2pp81.5%above the sector's middle half▲ 3.8pp80.8%above the sector's middle half▼ 0.7pp80.4%above the sector's middle half▼ 0.4pp
Current ratio3.81above the sector's middle half▼ 0.283.86above the sector's middle half▲ 0.053.47above the sector's middle half▼ 0.393.48above the sector's middle half▲ 0.014.69above the sector's middle half▲ 1.21
Return on assets (ROA)9.0%within the sector's middle half▲ 3.2pp12.3%above the sector's middle half▲ 3.3pp3.5%within the sector's middle half▼ 8.8pp4.9%within the sector's middle half▲ 1.4pp12.4%above the sector's middle half▲ 7.5pp
Staff (FTE)7within the sector's middle half▼ 21.3%6.9within the sector's middle half▼ 1.4%8within the sector's middle half▲ 15.9%6.7within the sector's middle half▼ 16.3%6.8within the sector's middle half▲ 1.5%
above
within
below
the middle half (P25 to P75) of NACE 22, Manufacture of rubber and plastic products, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 87% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€125,394 ▼ 81.6%
Current assets
€1.5m ▲ 6.9%
Equity and liabilities €1.6m
Equity
€1.3m ▼ 23.0%
Debt
€312,334 ▼ 20.8%
Debt's share of the balance-sheet total rises from 19.2% to 19.6%. Equity and debt are lower.
Key figures and ratios
Key figures and ratios
EBITDA
€290,259▲
2024 · €205,750
Cash flow
€232,919▲
2024 · €170,264
Quick ratio
3.36▲
2024 · 2.26
Debt to equity
0.24▲
2024 · 0.24
ROE
15.4%▲
2024 · 6.0%
Interest coverage
223.30▼
2024 · 348.86
Debt ≤ 1 year
€312,334▼
2024 · €394,191
Income taxes
€66,883▲
2024 · €34,896
Staff costs
€430,891▼
2024 · €442,884
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,371 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €393,598 | €454,072 | €501,997 | €442,884 | €430,891 | ▼ 2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46,118 | €47,813 | €58,018 | €70,056 | €36,375 | ▼ 48.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €600 | €0 | - | - | €2,636 | - |
| Other operating charges640/8 | €16,260 | €15,765 | €18,824 | €21,573 | €22,536 | ▲ 4.5% |
| Gross operating margin9900 | €655,520 | €836,645 | €669,843 | €670,207 | €746,322 | ▲ 11.4% |
| Operating profit (loss)9901 | €198,943 | €318,996 | €91,005 | €135,694 | €253,884 | ▲ 87.1% |
| Financial income75/76B | €6,912 | €6 | €366 | €0 | €10,843 | ▲ 15,490,600% |
| Recurring financial income75 | €1,287 | €6 | €8 | €0 | €6,602 | ▲ 9,431,829% |
| Non-recurring financial income76B | €5,625 | €0 | €357 | €0 | €4,241 | - |
| Financial charges65/66B | €209 | €695 | €791 | €590 | €1,300 | ▲ 120% |
| Recurring financial charges65 | €209 | €695 | €791 | €590 | €1,300 | ▲ 120% |
| Profit (loss) for the period before taxes9903 | €205,647 | €318,307 | €90,580 | €135,104 | €263,427 | ▲ 95.0% |
| Income taxes67/77 | €52,923 | €81,960 | €24,110 | €34,896 | €66,883 | ▲ 91.7% |
| Profit (loss) for the period9904 | €152,724 | €236,346 | €66,470 | €100,208 | €196,544 | ▲ 96.1% |
| Profit (loss) for the period to be appropriated9905 | €152,724 | €236,346 | €66,470 | €100,208 | €196,544 | ▲ 96.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.7m | €1.9m | €1.9m | €2.1m | €1.6m | ▼ 22.5% |
| Fixed assets21/28 | €0.2m | €0.3m | €0.7m | €0.7m | €0.1m | ▼ 81.6% |
| Tangible fixed assets22/27 | €0.2m | €0.3m | €0.7m | €0.7m | €0.1m | ▼ 81.6% |
| Land and buildings22 | €0.2m | €0.2m | €0.6m | €0.6m | €0.04m | ▼ 93.3% |
| Plant, machinery and equipment23 | €0.04m | €0.06m | €0.05m | €0.04m | €0.03m | ▼ 8.9% |
| Furniture and vehicles24 | €0.04m | €0.03m | €0.03m | €0.07m | €0.05m | ▼ 22.1% |
| Financial fixed assets28 | €364 | €364 | €0 | - | - | - |
| Current assets29/58 | €1.5m | €1.7m | €1.2m | €1.4m | €1.5m | ▲ 6.9% |
| Stocks and contracts in progress3 | €0.5m | €0.5m | €0.5m | €0.5m | €0.4m | ▼ 13.7% |
| Stocks30/36 | €0.5m | €0.5m | €0.5m | €0.5m | €0.4m | ▼ 13.7% |
| Amounts receivable within one year40/41 | €0.6m | €0.6m | €0.5m | €0.6m | €0.6m | ▲ 3.7% |
| Trade receivables40 | €0.5m | €0.6m | €0.5m | €0.5m | €0.6m | ▲ 9.6% |
| Other amounts receivable41 | €0.09m | €0.04m | €0.03m | €0.04m | €0.006m | ▼ 84.2% |
| Cash at bank and in hand54/58 | €0.4m | €0.5m | €0.2m | €0.3m | €0.5m | ▲ 43.6% |
| Deferred charges and accrued income490/1 | €0.003m | €0.003m | €0.003m | €0.005m | €0.005m | ▼ 2.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.7m | €1.9m | €1.9m | €2.1m | €1.6m | ▼ 22.5% |
| Equity10/15 | €1.3m | €1.5m | €1.6m | €1.7m | €1.3m | ▼ 23.0% |
| Contributions10/11 | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 34.8% |
| Reserves13 | €0.2m | €0.2m | €1.4m | €1.5m | €1.2m | ▼ 21.8% |
| Non-distributable reserves130/1 | €0.02m | €0.02m | €0 | - | - | - |
| Reserves not available under the articles1311 | €0.02m | €0.02m | €0 | - | - | - |
| Distributable reserves133 | €0.2m | €0.2m | €1.4m | €1.5m | €1.2m | ▼ 21.8% |
| Profit (loss) carried forward14 | €0.9m | €1.1m | €0 | €0 | €0 | - |
| Amounts payable17/49 | €0.4m | €0.4m | €0.4m | €0.4m | €0.3m | ▼ 20.8% |
| Amounts payable within one year42/48 | €0.4m | €0.4m | €0.4m | €0.4m | €0.3m | ▼ 20.8% |
| Trade debts44 | €0.3m | €0.3m | €0.3m | €0.3m | €0.2m | ▼ 28.9% |
| Suppliers440/4 | €0.3m | €0.3m | €0.3m | €0.3m | €0.2m | ▼ 28.9% |
| Taxes, remuneration and social security45 | €0.06m | €0.09m | €0.07m | €0.06m | €0.05m | ▼ 23.2% |
| Taxes450/3 | €0.003m | €0.03m | €0.002m | €263 | €0.007m | ▲ 2,633% |
| Remuneration and social security454/9 | €0.06m | €0.06m | €0.07m | €0.06m | €0.04m | ▼ 35.2% |
| Other amounts payable47/48 | €0.005m | €0.005m | €0.004m | €0.003m | €0.03m | ▲ 901% |
| Accrued charges and deferred income492/3 | €0.05m | €0 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €152,724 | €236,346 | €66,470 | €100,208 | €196,544 | ▲ 96.1% |
| + Depreciation and write-downs630 | €46,118 | €47,813 | €58,018 | €70,056 | €36,375 | ▼ 48.1% |
| Operating cash flow (approximation) | €198,842 | €284,160 | €124,489 | €170,264 | €232,919 | ▲ 36.8% |
| Investment in fixed assets (approximation) | - | -€71,807 | -€474,810 | -€65,297 | €520,884 | ▲ 898% |
| Change in cash | - | €143,995 | -€322,655 | €122,889 | €140,017 | ▲ 13.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
REMOTEC
BE 0423.853.178
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STOCKPLASTICS - VORMSPUITWERK
BE 0451.604.779
Wingene · Eq €1,250,313
ACE
BE 0413.199.511
Liège · Eq €1,324,985
MERTENS PLASTIQUE
BE 0456.115.378
Thimister-Clermont · Eq €1,360,334
ROWMARK EMEA
BE 0807.909.040
Beveren-Kruibeke-Zwijndrecht · Eq €1,177,956
Of 602 companies in this sector we hold annual accounts for 286. 187 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Board & ownership
Parent FIMEX · 75.08%
Directors
Directors
No directors read yet: 0 of 5 Gazette acts processed. See the function holders in the CBE →
Structure & network
Owners and holdings
1 ownerChain of control
- FIMEX
- VARITAPE
Highest known parent: FIMEX. The sources do not say who stands above it.
Owners 1
- FIMEXparentSourceaccounts FIMEX 202575.08%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No directors read yet: 0 of 5 Gazette acts processed.
Timeline
13 eventsLatest 29-04-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
01-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €66,470 ▼71.9%
Net result drops to €66,470, the lowest in the series; recovery starts the following year.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €236,346 ▲54.8%
Operating result €318,996, net result €236,346, both a record.
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €1mEq €1.0m ▲12%
2 profitable years in a row build equity to €1.0m.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
11-07
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.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Support & recognitions
1 funding sourceFlanders €4,792
Flemish government
€4,792
awarded · 2022 - 2025
Subsidies and aid
Flemish government
2022 to 2025 · 6 entries · €4,792 awarded · €4,792 paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | €1,690 | €1,690 |
| 2024 | 2 | €2,770 | €2,770 |
| 2023 | 1 | €62 | €62 |
| 2022 | 1 | €270 | €270 |
Company details
Private limited company · founded 14-09-1989Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded14-09-1989
Fiscal year end31-12
Activities, NACEBEL 2025
22260Manufacture of rubber and plastic products
46499Wholesale of other household goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0438355767
Registered
02-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Temse · 1 establishment unit since 1994
Ground area
5,474 m²
Building footprint
2,495 m²
Volume, LiDAR
15,169 m³
Parcel 46025B0522/00D000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
VARITAPE BVBA
since 1994unit no. 2.045.091.085
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46025B0522/00D000 | Flanders | 5,474 m² | 1 · 2,495 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies How does this company compare with its sector?Sector benchmark
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