VARKUM
ActiveVARKUM has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €329k and a net result of €421k. Equity is growing by ~17.2% per year across the filed fiscal years. Its solvency ranks better than 10% of 1696 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
65
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability78▼-5
Solvency30▲+7
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity tight (current ratio 1.04 against 0.96 in 2023; short-term debt: 90.9% and cash: 20.1% of total assets), and 94.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← fewer bankruptcies
more bankruptcies →
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 1696 sector peers (2024).
NBB · sector comparisonPosition among 1696 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 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
not confirmed
2024
28 d late
2023
30 d late
2022
30 d late
2021
5 d early
2020
1 d early
2019
61 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€329k
2023 · €-93k
2018: €85k
2019: €156k
2020: €195k
2021: €-225k
2022: €-675k
2023: €-93k
2018 → 2024
Total assets
€5.99M▲ 17.0%
2023 · €5.12M
2018: €1.40M
2019: €1.40M
2020: €1.39M
2021: €2.20M
2022: €4.14M
2023: €5.12M
2018 → 2024
Net result
€421k▼ 27.7%
2023 · €582k
2018: €81k
2019: €81k
2020: €78k
2021: €-419k
2022: €-450k
2023: €582k
2018 → 2024
Working capital
€215k
2023 · €-186k
2018: €77k
2019: €77k
2020: €149k
2021: €-263k
2022: €-733k
2023: €-186k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€195k-€-225k€-675k▼ 200%€-93k▲ 86.3%€329k
Operating result€119k-€-715k€-437k▲ 38.9%€594k€484k▼ 18.6%
Net result€78k-€-419k€-450k▼ 7.4%€582k€421k▼ 27.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 19% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €5.99M
Fixed assets
€330k▼ 12.2%
Current assets
€5.66M▲ 19.3%
Equity and liabilities €5.99M
Equity
€329k
Debt
€5.67M
Debt finances 94.5% of the balance-sheet total.
Key figures and ratios
EBITDA
€535k▼
2023 · €642k
Cash flow
€472k▼
2023 · €630k
Solvency
5.5%▲
2023 · -1.8%
Current ratio
1.04▲
2023 · 0.96
Quick ratio
0.73▲
2023 · 0.43
Debt / equity
17.25▲
2023 · -56.35
ROE
128.2%
ROA
7.0%▼
2023 · 11.4%
Interest coverage
59.41▲
2023 · 55.01
Debt
€5.67M▲
2023 · €5.22M
Debt ≤ 1 year
€5.45M▲
2023 · €4.93M
Debt > 1 year
€217k▼
2023 · €283k
Income taxes
€57k▲
2023 · €0
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€5.12M€5.99M▲
Fixed assets21/28€376k€330k▼
Intangible fixed assets21€962€587▼
Tangible fixed assets22/27€375k€330k▼
Land and buildings22€364k€321k▼
Plant, machinery and equipment23€12k€9k▼
Current assets29/58€4.75M€5.66M▲
Stocks and contracts in progress3€2.65M€1.68M▼
Stocks30/36€2.65M€1.68M▼
Amounts receivable within one year40/41€1.91M€2.78M▲
Trade receivables40€1.08M€1.69M▲
Other amounts receivable41€831k€1.09M▲
Cash at bank and in hand54/58€192k€1.20M▲
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€5.12M€5.99M▲
Equity10/15€-93k€329k▲
Contributions10/11€19k€19k=
Reserves13€176k€310k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€176k€310k▲
Profit (loss) carried forward14€-287k€44▲
Amounts payable17/49€5.22M€5.67M▲
Amounts payable after more than one year17€283k€217k▼
Financial debts170/4€283k€217k▼
Amounts payable within one year42/48€4.93M€5.45M▲
Current portion of amounts payable after more than one year42€67k€67k=
Trade debts44€4.52M€5.36M▲
Suppliers440/4€4.52M€5.36M▲
Taxes, remuneration and social security45€750€18k▲
Taxes450/3€750€18k▲
Other amounts payable47/48€341k€0▼
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€48k€51k▲
Other operating charges640/8€9k€9k▼
Gross operating margin9900€651k€544k▼
Operating profit (loss)9901€594k€484k▼
Financial income75/76B€1€3k▲
Recurring financial income75€1€3k▲
Financial charges65/66B€12k€9k▼
Recurring financial charges65€12k€9k▼
Profit (loss) for the period before taxes9903€582k€478k▼
Income taxes67/77€0€57k▲
Profit (loss) for the period9904€582k€421k▼
Profit (loss) for the period to be appropriated9905€582k€421k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-287k€134k▲
Profit (loss) brought forward from the previous period14P€-869k€-287k▲
Transfer to equity691/2-€134k
To other reserves6921-€134k
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
31-12
Financial
Equity above €200kEq €329k
2 profitable years in a row build equity to €329k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Back to profitnet €582k
Net result €582k after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet €-450k
Net result drops to €-450k, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 61 days late
2019
31-12
Financial
Equity above €150kEq €156k ▲84.3%
2 profitable years in a row build equity to €156k.
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
26-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Tienen · 1 establishment unit since 2006
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.
Hoxemsesteenweg(KMT) 2003300 TienenGround area
1,915 m²
Building footprint
193 m²
Volume, LiDAR
825 m³
Parcel 24057E0211/00A000, Flanders · tallest building 6.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
VARKUM
since 20062.156.802.621
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24057E0211/00A000 | Flanders | 1,915 m² | 1 · 193 m² | 6.2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteTienen2.156.802.621
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Of 587 companies in sector 01462 we hold annual accounts for 213. 183 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-05-2006
Fiscal year end31-12
Activities, NACEBEL
01462Crop and animal production, hunting and related service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.