Losses
-€14,885 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Vark
Lifetime
15 annual accounts with figures on one time axis, 25 filings since 1996peak €74,794 (2023)
-€1,247▼ €9,242
lowest -€32,713 (2014)
-€10,114▼ €5,343
peak €86,108 (2023)
€71,223▼ 12.4%
€10,975▲ 20.3%
Board2 names since 1996
2 directorsGEELEN Koen and 1 other
Documentsfilings and deeds
30-09-202661 days late
2025micro format
Gross margin from €7,995 to -€1,247Loss of €10,114Equity from €81,337 to €71,223Debts from €9,125 to €10,975
Key points
from the 2025 annual accountsFilings
25 annual accounts 61 days
Latest accounts filed late: after the legal deadline.
Position in the sector
86.6%
Higher solvency than 91% of companies in crop and animal production. Sector median 32.2% · 3,723 companies.
Turnover not published (micro format)
Checked score
69
Healthy
Financially stronger than 47% of micro companies in crop and animal production (NACE 01)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 5,696 companies (NACE 01, micro).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025lowest value
03-2025: < 0.1%● unchanged vs 02-2025lowest value
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: 0.1%▲ +0.1 percentage points vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.2%▲ +0.1 percentage points vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.3%▲ +0.1 percentage points vs 04-2026
06-2026: 0.2%▼ -0.1 percentage points vs 05-2026
07-2026: 0.3%▲ +0.1 percentage points vs 06-2026
08-2026: 0.4%▲ +0.1 percentage points vs 07-2026
09-2026: 0.4%● unchanged vs 08-2026
10-2026: 0.7%▲ +0.3 percentage points vs 09-2026highest value
11-2026: 0.7%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Last filed accounts filed 61 days late; 2 of the last 3 accounts late
Loss of €10,114, the second in a row (financial year 2025)
lowers risk
Sector: Crop and animal production, hunting and related service activities (NACE 01)
Equity €71,223 (86.6% of total assets)
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 01, micro). It does better than 92% of them on solvency, 70% on liquidity, 9% on profitability and 19% on growth.
The bankruptcy probability was computed on 10-11-2026 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 low class on 30-06-2025, 0.8% 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, 5,831 companies had the same profile as Vark has now. Each dot stands for 15 companies, two years later.
84.5%
were still trading
13.4%
stopped another way
1.7%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Vark itself: 0.7% 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 5,831 companies, not a prediction for Vark. 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 €4,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.83 (5.99 in 2024), above the usual 1.5. Short-term debt is 13.4% and cash 10.7% of total assets. 13.4% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€10,114
raises risk · 2025 accounts filed 61 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 61 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
61 days late
2024
61 days late
2023
28 days early
2022
1 day late
2021
3 days early
2020
62 days late
2019
17 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 24 days after the deadline. In the sector (NACE 01), the median for financial year 2024 was 3 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 1 August (5 of the last 5 accounts filed within 60 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0458440608
Change of role: GEELEN Koen, from manager to director
Director discharge: GEELEN Koen · Legal-form conversion: from private limited company (pre-2019) to private limited company · Gazette deed
New establishment in Nijlen
Steynehofweg (Bevel) 9
Company renamed from LUKO to Vark
Appointment: Koen Willy Leonie Geelen (manager) · “De vennootschap heeft tot doel de uitbouw van activiteiten in de land-tuin- en bosbouw en dit in de ruimste…” (deed in Dutch) · Capital of €19,831.48, 400 shares · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Vark Nijlen | €82,198 | -€1,247 | 86.6% | - |
| ROOSTHOF Pajottegem | €97,590 | -€4,494 | 26.7% | - |
| J EN M DOCKX Putte | €82,739 | -€14,057 | -18.8% | - |
| AFAMA PITTEM Pittem | €64,689 | €91 | 55.0% | - |
| HENDRIK AMELOOT Alveringem | €77,193 | -€290 | 97.8% | - |
| ENTREPRISES MEDA Tubize | €112,380 | -€2,343 | -87.8% | - |
| FORESTREE Schelle | €46,249 | -€1,289 | -29.6% | 0.3 |
These companies have the same main activity as Vark: mixed farming (NACE 01500). They are comparable in size and age: total assets between €46,200 and €112,000, founded between 1988 and 1998.
Official details
Source: KBO- Status
- Active since 10-07-1996Normal situation
- Activity
- Mixed farmingNACE 01500and 2 others
- Establishment units
- 2.077.476.3182560 Nijlen, since 24-07-1996
- 2.344.878.2952560 Nijlen, since 01-03-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 18-06-2025
Insights on Vark
Vark files the micro format. That format states no turnover. The gross margin fell from €28,377 in 2008 to -€1,247 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Vark
- What is the company number of Vark?
- The company number of Vark is 0458.440.608. The VAT number is the same number with BE in front: BE 0458.440.608.
- Where is Vark based?
- The registered office is at Herdersstraat (Bevel) 29, 2560 Nijlen.Company details
- What does Vark do?
- According to the KBO register, the main activity is mixed farming (NACE 01500).
- What is the legal form of Vark?
- Vark is a private limited company (BV).
- When was Vark founded?
- Vark was founded on 10-07-1996.
- Is Vark still active?
- Yes, Vark is an active enterprise in the KBO register.
- What is the turnover of Vark?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is Vark profitable?
- In financial year 2025, Vark made a loss of €10,114.
- Where can I find the annual accounts of Vark?
- Vark filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Vark due?
- Vark must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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