VARO & CO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €40k and a net result of €20k. Equity is growing by ~47.3% per year across the filed fiscal years. Its solvency ranks better than 70% of 9864 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-07-2025, 8 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
8 d early
2023
42 d early
2022
31 d early
2021
31 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€40k▲ 98.9%
2023 · €20k
2021: €11k
2022: €21k
2023: €20k
2021 → 2024
Net result
€20k
2023 · €-640
2021: €6k
2022: €10k
2023: €-640
2021 → 2024
Total assets
€54k▲ 18.6%
2023 · €45k
2021: €34k
2022: €53k
2023: €45k
2021 → 2024
Solvency
74.4%▲ 30.0pp
2023 · 44.4%
2021: 32.4%
2022: 39.6%
2023: 44.4%
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€11k-€21k▲ 91.8%€20k▼ 3.1%€40k▲ 98.9%
Operating result€10k-€17k▲ 64.3%€462▼ 97.2%€33k▲ 6,972%
Net result€6k-€10k▲ 70.1%€-640€20k
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 6,972% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €54k
Fixed assets
€2k▼ 47.3%
Current assets
€52k▲ 26.1%
Equity and liabilities €54k
Equity
€40k▲ 98.9%
Debt
€14k▼ 45.4%
The debt ratio falls from 55.6% to 25.6%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
74.4%▲
2023 · 44.4%
ROE
49.7%▲
2023 · -3.2%
ROA
37.0%▲
2023 · -1.4%
Debt
€14k▼
2023 · €25k
Debt ≤ 1 year
€14k▲
2023 · €12k
Income taxes
€9k▲
2023 · €970
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€45k€54k▲
Fixed assets21/28€5k€2k▼
Tangible fixed assets22/27€5k€2k▼
Plant, machinery and equipment23€5k€2k▼
Current assets29/58€41k€52k▲
Amounts receivable within one year40/41€16k€16k▲
Trade receivables40€12k€16k▲
Other amounts receivable41€4k-
Cash at bank and in hand54/58€3k€34k▲
Deferred charges and accrued income490/1€21k€939▼
Equity and liabilities
Total equity and liabilities10/49€45k€54k▲
Equity10/15€20k€40k▲
Contributions10/11€5k€5k=
Outside capital11-€5k
Share premium1100/10-€5k
Reserves13€16k€36k▲
Distributable reserves133€16k€36k▲
Profit (loss) carried forward14€-640€-640=
Amounts payable17/49€25k€14k▼
Amounts payable after more than one year17€10k-
Other amounts payable178/9€10k-
Amounts payable within one year42/48€12k€14k▲
Trade debts44€5k€63▼
Suppliers440/4€5k€63▼
Taxes, remuneration and social security45€7k€14k▲
Taxes450/3€5k€12k▲
Remuneration and social security454/9€2k€2k▼
Other amounts payable47/48€192-
Accrued charges and deferred income492/3€3k-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€21k€306▼
Gross operating margin9900€23k€35k▲
Operating profit (loss)9901€462€33k▲
Financial income75/76B€954-
Recurring financial income75€954-
Financial charges65/66B€1k€4k▲
Recurring financial charges65€1k€4k▲
Profit (loss) for the period before taxes9903€330€29k▲
Income taxes67/77€970€9k▲
Profit (loss) for the period9904€-640€20k▲
Profit (loss) for the period to be appropriated9905€-640€20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-640€19k▲
Profit (loss) brought forward from the previous period14P-€-640
Transfer to equity691/2-€20k
To other reserves6921-€20k
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-640 ▼106%
Net result drops to €-640, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Genk · 1 establishment unit since 2021
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.
Hoogveldstraat 43600 GenkGround area
1,576 m²
Building footprint
206 m²
Volume, LiDAR
949 m³
Parcel 71303C0556/00B000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VARO & CO
since 20212.312.172.073
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71303C0556/00B000 | Flanders | 1,576 m² | 1 · 206 m² | 8.8 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.
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Of 24,728 companies in sector 64210 we hold annual accounts for 19,762. 9,711 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-01-2021
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70220Business consulting
82100Office administrative and support services
82110Office administrative, office support and other business support activities
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.