VAROCLEAN · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of VAROCLEAN is 1.0% (low). The 2024 annual accounts show equity of €38k and a net result of €14k. Equity is shrinking by ~18.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 1972 sector peers (fiscal year 2024). The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Signals

3 signals · with evidence

Strong solvency vs sector

Solvency is in the sector's strongest quartile: better than 95% of 1972 peers (2024). A comfortable equity buffer.

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2023 and 2024).

View the result trend

Growing equity

Equity grew over 2022-2024. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 15 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	30-09-2025	61 d late	2025-00517215
31-12-2023	31-07-2024	29-09-2024	60 d late	2024-00477776
31-12-2022	31-07-2023	31-08-2023	31 d late	2023-00395224
31-12-2021	31-07-2022	31-08-2022	31 d late	2022-20373262
31-12-2020	31-07-2021	14-07-2021	17 d early	2021-35200526
31-12-2019	31-07-2020	09-10-2020	70 d late	2020-60100441
31-12-2018	31-07-2019	31-08-2019	31 d late	2019-60600045
31-12-2017	31-07-2018	21-08-2018	21 d late	2018-47000181
31-12-2016	31-07-2017	15-09-2017	46 d late	2017-61100133
31-12-2015	31-07-2016	28-09-2016	59 d late	2016-62300213

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Long-established

Founded in 1999, 27 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

1.0% Low

0%0,5%1,5%4%10%≥25%

Higher-failure-rate sector +Long track record −Multiple establishment units +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

Turnover€98k-12.8%

EBIT margin-5.2%-15.0pp

Net result€14k+328.5%

Working capital€37k+61.2%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 30-09-2025 with the NBB · fiscal year 2024 · micro

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

volatile Too volatile to project: the yearly deviation from the trend is ~81% of the level (threshold 35%). We therefore deliberately show no projection line.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 81, Cleaning & landscape services · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	83.0%	36.6%	better than 95% of 1972 sector peers
Net result	€14k	€10k	better than 57% of 1964 sector peers
Equity	€38k	€29k	better than 58% of 1973 sector peers
Gross operating margin	€42k	€39k	better than 52% of 1962 sector peers
Staff costs	€20k	€34k	higher than 39% of 903 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P95

Stable position over 2020-2024 · n=270-1972

Net result P57

Improving position over 2020-2024 · n=270-1964

Equity P58

Weakening position over 2020-2024 · n=271-1973

Gross operating margin P52

Improving position over 2020-2024 · n=269-1962

Describes the position versus peers, not a forecast.

Revenue

€98k

-12.8% 18-24

EBITDA

€21k

+181.3% 18-24

Net profit

€14k

+328.5% 18-24

Cash flow

€16k

+231.1% 18-24

Total assets

€46k

+22.9% 18-24

Equity

€38k

+48.4% 18-24

Working capital

€37k

+61.2% 18-24

Staff costs

€20k

-17.9% 18-24

Income taxes

€4k

+126.0% 18-24

Dividends

€3k

0.0% 18-24

Debt

€8k

-33.2% 18-24

Debt ≤ 1y

€8k

-33.2% 18-24

Debt > 1y

€7k

0.0% 18-24

Current ratio

5.74

+93.6% 18-24

Quick ratio

5.74

+93.6% 18-24

Solvency

83.0%

+20.7% 18-24

Debt / equity

0.20

-55.0% 18-24

ROE

37.9%

+188.7% 18-24

ROA

31.5%

+248.6% 18-24

Net margin

-6.5%

- 18-24

EBITDA margin

4.1%

-77.1% 18-24

Interest coverage

31.17

+175.7% 18-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro
Revenue	-
EBITDA	€21k
Net profit	€14k
Cash flow	€16k
Staff costs	€20k
Income taxes	€4k
Dividends	-
Total assets	€46k
Equity	€38k
Debt	€8k
of which ≤ 1y	€8k
of which > 1y	-
Working capital	€37k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	5.74
Quick ratio	5.74
Working capital ratio	80.5%
Solvency	83.0%
Debt / equity	0.20
Long-term debt ratio	-
Interest coverage	31.17
Gross margin	-
Net margin	-
ROA	31.5%
ROE	37.9%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €1k · 2.5% Current assets €44k · 97.5%

Equity & liabilities

Equity €38k · 83.0% Debt €8k · 17.0%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€46k
Fixed assets	21/28	€1k
Tangible fixed assets	22/27	€1k
Financial fixed assets	28	€144
Current assets	29/58	€44k
Amounts receivable within one year	40/41	€17k
Cash & bank	54/58	€27k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€46k
Equity	10/15	€38k
Contributions / capital	10/11	€18k
Accumulated profits (losses)	14	€20k
Amounts payable	17/49	€8k
Amounts payable within one year	42/48	€8k
Income statement
Gross operating margin	9900	€42k
Operating result	9901	€19k
Financial income	75	€187
Financial charges	65	€666
Result before taxes	9903	€19k
Income taxes	67/77	€4k
Net result for the period	9904	€14k
Result to be appropriated	9905	€14k

You are seeing the latest fiscal year only. 4 prior years (figures + ratios) are in a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

100 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

Establishment units

2 locations

Rue Pré d'Awans(ARG) 3, 4601 Visé

het reinigen van nieuwe gebouwen na beëindiging van de bouwwerkzaamheden

since 19992.092.192.109

Amazonenlaan 31, 1800 Vilvoorde

Overige reiniging van gebouwen; industriële reiniging

since 20212.325.384.364

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels2

Ground area279 m²

Buildings2

Building footprint123 m²

Volume (LiDAR)573 m³

Tallest building11.2 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (50%) Wallonia 1 (50%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23088A0106/00E002	Flanders	227 m²	1 · 65 m²	11.2 m · 3 fl.
62005A0371/00S000	Wallonia	51 m²	1 · 58 m²	-

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.