VAROO
ActiveSummary
VAROO has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €105,987 and a net result of €31,257. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 86% of 2438 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability99▼-1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 3.82 against 6.45 in 2023; short-term debt: 13.4% and cash: 8.5% of total assets), and 17.5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← 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
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €105,987
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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
8 d early
2023
37 d early
2022
20 d early
2021
18 d early
2020
12 d early
2019
21 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 19 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€105,987▲ 41.8%
2023 · €74,730
Total assets
€128,449▲ 37.6%
2023 · €93,322
Net result
€31,257▼ 10.6%
2023 · €34,979
Working capital
€48,615▼ 31.8%
2023 · €71,289
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€2,840▼ 82.5%€29,227▲ 929%€25,695▼ 12.1%€50,793▲ 97.7%€45,012▼ 11.4%
Net result€275within the sector's middle half▼ 96.9%€20,615within the sector's middle half▲ 7,385%€19,437within the sector's middle half▼ 5.7%€34,979above the sector's middle half▲ 80.0%€31,257within the sector's middle half▼ 10.6%
Equity-€152below the sector's middle half▲ 64.4%€20,315below the sector's middle half€39,752within the sector's middle half▲ 95.7%€74,730within the sector's middle half▲ 88.0%€105,987within the sector's middle half▲ 41.8%
Total assets€11,499below the sector's middle half▼ 33.4%€43,041below the sector's middle half▲ 274%€61,696below the sector's middle half▲ 43.3%€93,322within the sector's middle half▲ 51.3%€128,449within the sector's middle half▲ 37.6%
Debt€11,652▼ 34.1%€22,727▲ 95.0%€21,944▼ 3.4%€18,591▼ 15.3%€22,462▲ 20.8%
Working capital€5,030€23,703▲ 371%€34,624▲ 46.1%€71,289▲ 106%€48,615▼ 31.8%
Solvency-1.3%below the sector's middle half▲ 1.2pp47.2%within the sector's middle half▲ 48.5pp64.4%within the sector's middle half▲ 17.2pp80.1%above the sector's middle half▲ 15.6pp82.5%above the sector's middle half▲ 2.4pp
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
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 falls in 2024; 2024 is 11% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €128,449
Fixed assets
€62,598 ▲ 599%
Current assets
€65,851 ▼ 21.9%
Equity and liabilities €128,449
Equity
€105,987 ▲ 41.8%
Debt
€22,462 ▲ 20.8%
Debt's share of the balance-sheet total falls from 19.9% to 17.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€49,500▼
2023 · €53,420
Cash flow
€35,744▼
2023 · €37,606
Current ratio
3.82▼
2023 · 6.45
Quick ratio
3.56▼
2023 · 6.22
Debt to equity
0.21▼
2023 · 0.25
ROE
29.5%▼
2023 · 46.8%
ROA
24.3%▼
2023 · 37.5%
Interest coverage
24.71▼
2023 · 50.22
Debt ≤ 1 year
€17,236▲
2023 · €13,072
Debt > 1 year
€5,226▼
2023 · €5,471
Income taxes
€11,860▼
2023 · €14,771
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,672 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | - | - | €3,310 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,632 | €1,884 | €2,537 | €2,627 | €4,487 | ▲ 70.8% |
| Other operating charges640/8 | - | €236 | €541 | €798 | €714 | ▼ 10.4% |
| Non-recurring operating charges66A | - | - | €668 | €0 | €326 | - |
| Gross operating margin9900 | €5,687 | €31,347 | €29,441 | €54,218 | €50,540 | ▼ 6.8% |
| Operating profit (loss)9901 | €2,840 | €29,227 | €25,695 | €50,793 | €45,012 | ▼ 11.4% |
| Financial income75/76B | - | €14 | €126 | €20 | €108 | ▲ 427% |
| Recurring financial income75 | €92 | €14 | €126 | €20 | €108 | ▲ 427% |
| Financial charges65/66B | - | €1,071 | €695 | €1,064 | €2,003 | ▲ 88.3% |
| Recurring financial charges65 | €1,360 | €1,071 | €695 | €1,064 | €2,003 | ▲ 88.3% |
| Profit (loss) for the period before taxes9903 | €1,572 | €28,169 | €25,126 | €49,750 | €43,116 | ▼ 13.3% |
| Income taxes67/77 | €1,297 | €7,554 | €5,689 | €14,771 | €11,860 | ▼ 19.7% |
| Profit (loss) for the period9904 | €275 | €20,615 | €19,437 | €34,979 | €31,257 | ▼ 10.6% |
| Profit (loss) for the period to be appropriated9905 | €275 | €20,615 | €19,437 | €34,979 | €31,257 | ▼ 10.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €11,499 | €43,041 | €61,696 | €93,322 | €128,449 | ▲ 37.6% |
| Fixed assets21/28 | €3,548 | €5,521 | €10,349 | €8,961 | €62,598 | ▲ 599% |
| Tangible fixed assets22/27 | €3,548 | €5,521 | €10,349 | €8,961 | €62,598 | ▲ 599% |
| Plant, machinery and equipment23 | - | €1,956 | €2,799 | €3,091 | €56,807 | ▲ 1,738% |
| Furniture and vehicles24 | - | €3,565 | €3,188 | €1,977 | €2,366 | ▲ 19.7% |
| Other tangible fixed assets26 | - | - | €4,362 | €3,893 | €3,425 | ▼ 12.0% |
| Current assets29/58 | €7,951 | €37,520 | €51,347 | €84,361 | €65,851 | ▼ 21.9% |
| Stocks and contracts in progress3 | - | €832 | €28,145 | €3,073 | €4,438 | ▲ 44.4% |
| Stocks30/36 | - | €832 | €28,145 | €3,073 | €4,438 | ▲ 44.4% |
| Amounts receivable within one year40/41 | €7,642 | €35,257 | €19,467 | €65,821 | €49,353 | ▼ 25.0% |
| Trade receivables40 | - | €35,257 | €19,467 | €60,821 | €40,587 | ▼ 33.3% |
| Other amounts receivable41 | - | €0 | - | €5,000 | €8,766 | ▲ 75.3% |
| Cash at bank and in hand54/58 | €0 | €1,105 | €2,951 | €14,682 | €10,969 | ▼ 25.3% |
| Deferred charges and accrued income490/1 | - | €325 | €784 | €784 | €1,091 | ▲ 39.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €11,499 | €43,041 | €61,696 | €93,322 | €128,449 | ▲ 37.6% |
| Equity10/15 | -€152 | €20,315 | €39,752 | €74,730 | €105,987 | ▲ 41.8% |
| Contributions10/11 | - | €55,000 | €55,000 | €55,000 | €55,000 | = |
| Reserves13 | €5,500 | €5,500 | €5,500 | €19,730 | €50,987 | ▲ 158% |
| Non-distributable reserves130/1 | - | €5,500 | €5,500 | €0 | - | - |
| Reserves not available under the articles1311 | - | €5,500 | €5,500 | €0 | - | - |
| Distributable reserves133 | - | - | - | €19,730 | €50,987 | ▲ 158% |
| Profit (loss) carried forward14 | -€60,652 | -€40,185 | -€20,748 | €0 | - | - |
| Amounts payable17/49 | €11,652 | €22,727 | €21,944 | €18,591 | €22,462 | ▲ 20.8% |
| Amounts payable after more than one year17 | €8,483 | €8,599 | €4,967 | €5,471 | €5,226 | ▼ 4.5% |
| Other amounts payable178/9 | - | €8,599 | €4,967 | €5,471 | €5,226 | ▼ 4.5% |
| Amounts payable within one year42/48 | €2,921 | €13,817 | €16,722 | €13,072 | €17,236 | ▲ 31.9% |
| Financial debts43 | - | €1,678 | €1,640 | €1,712 | €0 | ▼ 100% |
| Credit institutions430/8 | - | €1,678 | €1,640 | €1,712 | €0 | ▼ 100% |
| Trade debts44 | €309 | €532 | €7,430 | €1,602 | €11,005 | ▲ 587% |
| Suppliers440/4 | - | €532 | €7,430 | €1,602 | €11,005 | ▲ 587% |
| Taxes, remuneration and social security45 | - | €11,607 | €7,653 | €9,758 | €6,230 | ▼ 36.2% |
| Taxes450/3 | - | €11,607 | €7,653 | €9,758 | €4,220 | ▼ 56.8% |
| Remuneration and social security454/9 | - | - | - | - | €2,010 | - |
| Accrued charges and deferred income492/3 | - | €311 | €255 | €49 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €275 | €20,615 | €19,437 | €34,979 | €31,257 | ▼ 10.6% |
| + Depreciation and write-downs630 | €1,632 | €1,884 | €2,537 | €2,627 | €4,487 | ▲ 70.8% |
| Operating cash flow (approximation) | €1,908 | €22,499 | €21,974 | €37,606 | €35,744 | ▼ 5.0% |
| Investment in fixed assets (approximation) | - | -€3,857 | -€7,365 | -€1,239 | -€58,124 | ▼ 4,591% |
| Change in cash | - | €1,105 | €1,845 | €11,732 | -€3,713 | ▼ 132% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100,000Eq €105,987 ▲41.8%
7 profitable years in a row build equity to €105,987.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €34,979 ▲80%
Operating result €50,793, net result €34,979, both a record.
31-12
Financial
Liquidity doublescurrent ratio 6.45
Current ratio from 3.07 to 6.45; short-term debt falls from €16,722 to €13,072.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €275 ▼96.9%
Net result drops to €275, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 2.72
Current ratio from 0.90 to 2.72; short-term debt falls from €13,465 to €2,921.
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 24 days late
2016
12-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 12 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 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, Pelt · 1 establishment unit since 2007
Ground area
1,126 m²
Building footprint
165 m²
Parcel 72502E0102/00Z095, Flanders. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
VAROO
since 20072.165.166.692
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72502E0102/00Z095 | Flanders | 1,126 m² | 1 · 165 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
MAXX ACTIVITIES
BE 0822.612.854
Antwerpen · Eq €105,972
NELSON WELDING
BE 0650.749.739
Ranst · Eq €105,900
HERREBOSCH CONSTRUCT
BE 0685.925.107
Asse · Eq €106,094
A & A Services
BE 0633.623.596
Antwerpen · Eq €106,163
DE SMESSE
BE 0465.434.506
Anzegem · Eq €105,796
Of 3,462 companies in sector 25530 we hold annual accounts for 1,655. 1,258 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-06-2007
Fiscal year end31-12
Activities, NACEBEL 2025
25530Machining of metals
33120Repair and maintenance of machinery
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0890234524
Also
9925:BE0890234524
Registered
04-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.