VAROMAC
Open bankruptcyA bankruptcy procedure is open for VAROMAC according to publications in the Belgian State Gazette; curator: TOM HERMANS. The 2020 annual accounts show equity of €63k and a net result of €10k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 30-08-2021, 30 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
30 d late
2019
90 d late
← before the deadline
after the deadline →
Financials · fiscal year 2020, abbreviated schema
Equity
€63k▲ 19.8%
2019 · €53k
2018: €50k
2019: €53k
2018 → 2020
Total assets
€905k▲ 216%
2019 · €287k
2018: €360k
2019: €287k
2018 → 2020
Net result
€10k▲ 261%
2019 · €3k
2018: €7k
2019: €3k
2018 → 2020
Working capital
€15k▼ 73.9%
2019 · €58k
2018: €51k
2019: €58k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€50k-€53k▲ 5.8%€63k▲ 19.8%
Operating result€17k-€7k▼ 58.0%€20k▲ 180%
Net result€7k-€3k▼ 55.4%€10k▲ 261%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2020; 2020 is 180% above 2019 and is the highest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €905k
Fixed assets
€48k▲ 588%
Current assets
€857k▲ 207%
Equity and liabilities €905k
Equity
€63k▲ 19.8%
Debt
€842k▲ 260%
The debt ratio rises from 81.6% to 93.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€24k▲
2019 · €11k
Cash flow
€14k▲
2019 · €6k
Solvency
7.0%▼
2019 · 18.4%
Current ratio
1.02▼
2019 · 1.26
Quick ratio
1.02▼
2019 · 1.11
ROE
16.6%▲
2019 · 5.5%
ROA
1.2%▲
2019 · 1.0%
Debt
€842k▲
2019 · €234k
Debt ≤ 1 year
€842k▲
2019 · €221k
Income taxes
€7k▲
2019 · €673
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 · 2020 against 2019
Balance sheet
Code20192020
Assets
Total assets20/58€287k€905k▲
Fixed assets21/28€7k€48k▲
Tangible fixed assets22/27€5k€13k▲
Financial fixed assets28€2k€35k▲
Current assets29/58€280k€857k▲
Stocks and contracts in progress3€34k-
Amounts receivable within one year40/41€226k€820k▲
Cash at bank and in hand54/58€4k€21k▲
Equity and liabilities
Total equity and liabilities10/49€287k€905k▲
Equity10/15€53k€63k▲
Contributions10/11€19k-
Reserves13€34k€45k▲
Amounts payable17/49€234k€842k▲
Amounts payable after more than one year17€12k-
Amounts payable within one year42/48€221k€842k▲
Trade debts44€119k€694k▲
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲
Gross operating margin9900€472k€477k▲
Operating profit (loss)9901€7k€20k▲
Recurring financial income75€5€224▲
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€4k€17k▲
Income taxes67/77€673€7k▲
Profit (loss) for the period9904€3k€10k▲
Profit (loss) for the period to be appropriated9905€3k€10k▲
Timeline · acts, filings and financial milestones
2021
09-11
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · VAROMAC BV HAMINA- STRAAT 15, 2030 ANTWERPEN 3 · event 28-10-2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
31-12
Financial
Highest result since 2018net €10k ▲261%
Operating result €20k, net result €10k, both a record.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 90 days late
2019
31-12
Financial
Weakest financial yearnet €3k ▼55.4%
Net result drops to €3k, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 23 days late
SignalFinancial 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, Antwerpen · 1 establishment unit since 2016
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.
Haminastraat 152030 AntwerpenGround area
6,928 m²
Building footprint
6,855 m²
Parcel 11807G1333/00L035, Flanders. Linked by address, not a title deed.
1 establishment unit
VM Logistics
since 20162.256.037.678
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11807G1333/00L035 | Flanders | 6,928 m² | 1 · 6,855 m² | - |
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | TOM HERMANS AMERIKALEI 122, 2000 ANTWERPEN 1- |
28-10-2021 → present |
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Of 2,128 companies in sector 46711 we hold annual accounts for 1,126. 751 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded29-06-2016
Fiscal year end31-12
Activities, NACEBEL
46711Wholesale of cars and light vans (up to 3.5 tonnes)
45112
47811Retail sale of cars and light vans (up to 3.5 tonnes)
46180Agents specialised in the wholesale of other particular products
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.