Varmaca

Active

Private limited companyfounded 20206 yrs activeBaan naar Bree 70, 3990 Peer, BelgiumKBO/BCE: BE 0746.919.695

The computed 12-month bankruptcy probability of Varmaca is 1.7% (moderate). The 2024 annual accounts show equity of €156k and a net result of €45k. Equity is growing by ~28.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 26046 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

79 / 100

Excellent

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100▲+7

Solvency100=

Growth78▲+26

Track record100

Bankruptcy probability, 12 months

1.7% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €12k at 30 days acceptable

Liquidity ample (current ratio 23.2 against 20.62 in 2023; short-term debt: 4.2% and cash: 16.5% of total assets), and 5.6% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-05-2025, 64 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

not confirmed

2024

64 d early

2023

20 d late

2022

21 d late

2021

16 d late

2020

10 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€156k▲ 26.5%

2023 · €124k

2020: €43k 2021: €70k 2022: €99k 2023: €124k

2020 → 2024

Total assets

€166k▲ 26.1%

2023 · €131k

2020: €49k 2021: €79k 2022: €109k 2023: €131k

2020 → 2024

Net result

€45k▲ 78.2%

2023 · €25k

2020: €40k 2021: €27k 2022: €29k 2023: €25k

2020 → 2024

Working capital

€156k▲ 25.3%

2023 · €124k

2020: €32k 2021: €64k 2022: €97k 2023: €124k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€43k-€70k▲ 62.8%€99k▲ 41.7%€124k▲ 25.5%€156k▲ 26.5%

Operating result€50k-€35k▼ 30.7%€38k▲ 9.3%€33k▼ 13.7%€54k▲ 63.5%

Net result€40k-€27k▼ 32.4%€29k▲ 8.1%€25k▼ 13.4%€45k▲ 78.2%

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result recovers in 2024; 2024 is 63% above 2023 and is the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €166k

98.3%

Fixed assets €3k▲ 296%

Current assets €163k▲ 24.6%

Equity and liabilities €166k

94.4%

Equity €156k▲ 26.5%

Debt €9k▲ 19.8%

The debt ratio falls from 5.9% to 5.6%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€55k▲

2023 · €35k

Cash flow

€46k▲

2023 · €28k

Solvency

94.4%▲

2023 · 94.1%

Current ratio

23.20▲

2023 · 20.62

Quick ratio

23.20▲

2023 · 20.62

Debt / equity

0.06▼

2023 · 0.06

ROE

28.6%▲

2023 · 20.3%

ROA

27.0%▲

2023 · 19.1%

Interest coverage

32.46▼

2023 · 590.80

Debt

€9k▲

2023 · €8k

Debt ≤ 1 year

€7k▲

2023 · €6k

Income taxes

€11k▲

2023 · €8k

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€131k€166k▲

Fixed assets21/28€715€3k▲

Tangible fixed assets22/27€715€3k▲

Plant, machinery and equipment23€715€3k▲

Furniture and vehicles24€0-

Current assets29/58€131k€163k▲

Amounts receivable within one year40/41€13k€134k▲

Trade receivables40€11k€134k▲

Other amounts receivable41€2k€42▼

Current investments50/53€60k€0▼

Cash at bank and in hand54/58€56k€27k▼

Deferred charges and accrued income490/1€1k€2k▲

Equity and liabilities

Total equity and liabilities10/49€131k€166k▲

Equity10/15€124k€156k▲

Contributions10/11€3k€3k=

Reserves13€121k€153k▲

Distributable reserves133€121k€153k▲

Profit (loss) carried forward14-€0

Amounts payable17/49€8k€9k▲

Amounts payable within one year42/48€6k€7k▲

Trade debts44€380€708▲

Suppliers440/4€380€708▲

Taxes, remuneration and social security45€6k€6k▲

Taxes450/3€4k€4k▲

Remuneration and social security454/9€2k€2k=

Other amounts payable47/48€15€41▲

Accrued charges and deferred income492/3€1k€2k▲

Income statement Code20232024

Non-recurring operating income76A-€6k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€922▼

Other operating charges640/8€854€709▼

Gross operating margin9900€36k€55k▲

Operating profit (loss)9901€33k€54k▲

Financial income75/76B€11€4k▲

Recurring financial income75€11€4k▲

Financial charges65/66B€60€2k▲

Recurring financial charges65€60€2k▲

Profit (loss) for the period before taxes9903€33k€56k▲

Income taxes67/77€8k€11k▲

Profit (loss) for the period9904€25k€45k▲

Profit (loss) for the period to be appropriated9905€25k€45k▲

Appropriation of the result

Profit (loss) to be appropriated9906€25k€45k▲

Transfer from equity791/2-€12k

Transfer to equity691/2€25k€45k▲

To other reserves6921€25k€45k▲

Profit to be distributed694/7-€12k

Return on contributions (dividend)694-€12k

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 9Financial 4Filings 5

2025

28-05

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Highest result since 2020net €45k ▲78.2%

Operating result €54k, net result €45k, both a record.

31-12

Financial Equity above €150kEq €156k ▲26.5%

5 profitable years in a row build equity to €156k.

20-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 20 days late

2023

31-12

Financial Weakest financial yearnet €25k ▼13.4%

Net result drops to €25k, the lowest in the series; recovery starts the following year.

31-12

Financial Equity above €100kEq €124k ▲25.5%

4 profitable years in a row build equity to €124k.

21-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 21 days late

2022

16-08

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 16 days late

2021

10-08

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 10 days late

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, Peer · 1 establishment unit since 2020

establishment The establishment unit on the map

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.

Baan naar Bree 703990 Peer

Ground area

1,354 m²

Building footprint

219 m²

Volume, LiDAR

1,096 m³

Parcel 72030B0762/00X000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

Varmaca

Baan naar Bree 70, 3990 PeerManufacture of chemicals and chemical products

since 20202.302.186.023

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
72030B0762/00X000	Flanders	1,353 m²	1 · 219 m²	7.9 m · 2 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.

Public money · subsidies and aid

Flemish government

2022 · 1 entry · 225 EUR awarded · 225 EUR paid

Year	Entries	awarded	paid
2022	1	225 EUR	225 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

1 entry · 225 EUR · 225 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Pharmacie du Bizet-Apoteek van Nieuwkerke

BE 0412.982.646

Comines-Warneton · Eq €156k

APOTHEEK BLINDEMAN CISKA

PHARMACIE JACQUES PENELLE

Puurs-Sint-Amands · Eq €156k

Of 5,222 companies in sector 47730 we hold annual accounts for 3,861. 3,566 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded14-05-2020

Fiscal year end31-12

Activities, NACEBEL

47730Retail sale of pharmaceutical products

21201Manufacture of basic pharmaceutical products and pharmaceutical preparations

47740Retail trade

47741Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses

47750Retail sale of cosmetics and toilet articles

Sources

Crossroads Bank for EnterprisesNational Bank · 5 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.