VAROPE
ActiveSummary
VAROPE has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5,154 and a net result of €1,990. Equity is shrinking by ~10.8% per year across the filed fiscal years. Its solvency ranks better than 21% of 14173 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability35=
Solvency25▼-2
Growth32▼-46
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
0.3%
Return on assets
0.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 14173 sector peers (2025).
NBB · sector comparisonPosition among 14173 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-08-2026, 22 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 · 4 filingsDeviation from the deadline
2025
22 d late
2024
21 d late
2023
19 d late
2022
29 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 23 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator 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 How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
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 2025, micro schema
Equity
€5,154▼ 81.0%
2024 · €27,164
Total assets
€1.6m▼ 1.6%
2024 · €1.7m
Net result
€1,990▼ 89.5%
2024 · €18,994
Working capital
-€169,658▼ 32.0%
2024 · -€128,502
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€40,771-€30,761▼ 24.6%€55,794▲ 81.4%€44,157▼ 20.9%
Net result€3,796--€626€18,994€1,990▼ 89.5%
Equity€8,796-€8,170▼ 7.1%€27,164▲ 232%€5,154▼ 81.0%
Total assets€1.4m-€1.4m▼ 1.7%€1.7m▲ 20.1%€1.6m▼ 1.6%
Debt€1.4m-€1.4m▼ 1.7%€1.6m▲ 18.8%€1.6m▼ 0.2%
Working capital-€80,041--€106,117▼ 32.6%-€128,502▼ 21.1%-€169,658▼ 32.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 21% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€1.6m ▼ 2.3%
Current assets
€18,568 ▲ 198%
Equity and liabilities €1.6m
Equity
€5,154 ▼ 81.0%
Debt
€1.6m ▼ 0.2%
Debt's share of the balance-sheet total rises from 98.4% to 99.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€82,422▲
2024 · €65,581
Cash flow
€40,255▲
2024 · €28,781
Current ratio
0.10▲
2024 · 0.05
ROE
38.6%▼
2024 · 69.9%
ROA
0.1%▼
2024 · 1.1%
Interest coverage
1.95▲
2024 · 1.78
Debt ≤ 1 year
€188,226▲
2024 · €134,729
Debt > 1 year
€1.4m▼
2024 · €1.5m
A ratio outside any meaningful range has been withheld (balance sheet total €1.6m, equity €5,154).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,578 | €3,089 | €9,787 | €38,265 | ▲ 291% |
| Other operating charges640/8 | €3,458 | €3,781 | €3,936 | €4,056 | ▲ 3.0% |
| Gross operating margin9900 | €59,807 | €37,631 | €69,517 | €86,478 | ▲ 24.4% |
| Operating profit (loss)9901 | €40,771 | €30,761 | €55,794 | €44,157 | ▼ 20.9% |
| Financial charges65/66B | €36,975 | €31,383 | €36,800 | €42,167 | ▲ 14.6% |
| Recurring financial charges65 | €36,975 | €31,383 | €36,800 | €42,167 | ▲ 14.6% |
| Profit (loss) for the period before taxes9903 | €3,796 | -€622 | €18,994 | €1,990 | ▼ 89.5% |
| Income taxes67/77 | - | €4 | - | - | - |
| Profit (loss) for the period9904 | €3,796 | -€626 | €18,994 | €1,990 | ▼ 89.5% |
| Profit (loss) for the period to be appropriated9905 | €3,796 | -€626 | €18,994 | €1,990 | ▼ 89.5% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €1.4m | €1.4m | €1.7m | €1.6m | ▼ 1.6% |
| Fixed assets21/28 | €1.4m | €1.4m | €1.7m | €1.6m | ▼ 2.3% |
| Tangible fixed assets22/27 | €1.4m | €1.4m | €1.7m | €1.6m | ▼ 2.3% |
| Land and buildings22 | €1.4m | €1.4m | €1.4m | €1.4m | ▼ 0.3% |
| Plant, machinery and equipment23 | €22,331 | €22,046 | €298,433 | €263,784 | ▼ 11.6% |
| Current assets29/58 | €31,024 | €9,831 | €6,227 | €18,568 | ▲ 198% |
| Amounts receivable within one year40/41 | €20,933 | €4,235 | - | €12,619 | - |
| Trade receivables40 | €20,933 | €4,235 | - | €12,619 | - |
| Cash at bank and in hand54/58 | €10,091 | €4,785 | €4,749 | €5,949 | ▲ 25.3% |
| Deferred charges and accrued income490/1 | - | €811 | €1,478 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €1.4m | €1.4m | €1.7m | €1.6m | ▼ 1.6% |
| Equity10/15 | €8,796 | €8,170 | €27,164 | €5,154 | ▼ 81.0% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €3,796 | €3,170 | €22,164 | €154 | ▼ 99.3% |
| Amounts payable17/49 | €1.4m | €1.4m | €1.6m | €1.6m | ▼ 0.2% |
| Amounts payable after more than one year17 | €1.3m | €1.2m | €1.5m | €1.4m | ▼ 5.3% |
| Financial debts170/4 | €1.3m | €1.2m | €1.5m | €1.4m | ▼ 5.3% |
| Amounts payable within one year42/48 | €111,065 | €115,948 | €134,729 | €188,226 | ▲ 39.7% |
| Current portion of amounts payable after more than one year42 | €57,288 | €58,077 | €56,932 | €78,631 | ▲ 38.1% |
| Trade debts44 | €4,223 | €4,730 | €7,045 | €999 | ▼ 85.8% |
| Suppliers440/4 | €4,223 | €4,730 | €7,045 | €999 | ▼ 85.8% |
| Taxes, remuneration and social security45 | €1,472 | €2,659 | €4,362 | €8,195 | ▲ 87.9% |
| Taxes450/3 | €1,472 | €2,659 | €4,362 | €8,195 | ▲ 87.9% |
| Other amounts payable47/48 | €48,082 | €50,482 | €66,390 | €100,401 | ▲ 51.2% |
| Accrued charges and deferred income492/3 | €21,351 | €39,353 | €57,318 | €76,742 | ▲ 33.9% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,796 | -€626 | €18,994 | €1,990 | ▼ 89.5% |
| + Depreciation and write-downs630 | €15,578 | €3,089 | €9,787 | €38,265 | ▲ 291% |
| Operating cash flow (approximation) | €19,374 | €2,463 | €28,781 | €40,255 | ▲ 39.9% |
| Investment in fixed assets (approximation) | - | €0 | -€292,291 | €0 | ▲ 100% |
| Change in cash | - | -€5,306 | -€36 | €1,200 | ▲ 3,433% |
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
Next filing, fiscal year 2026, expected by
2026
22-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 22 days late
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
31-12
Financial
Back to profitnet €18,994
Net result €18,994 after one loss-making year.
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 19 days late
2023
31-12
Financial
Weakest financial yearnet -€626
Net result drops to -€626, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not 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
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, Brecht · 1 establishment unit since 2021
Ground area
2,740 m²
Building footprint
1,222 m²
Volume, LiDAR
10,330 m³
Parcel 11043D0310/00Z000, Flanders · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
VAROPE
since 20212.319.242.086
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11043D0310/00Z000 | Flanders | 2,740 m² | 1 · 1,222 m² | 10.2 m · 3 fl. |
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
Immo AnnaBo
BE 0802.765.961
Gistel · Eq €5,158
DCVG
BE 1015.370.660
Peer · Eq €5,168
JE T'AIME
BE 0454.465.586
Elsene · Eq €5,126
DOKTER COETSIER TOM GYN.
BE 0461.291.814
Gent · Eq €5,061
IMMODELNA
BE 0760.485.740
Namur · Eq €5,054
Of 9,143 companies in sector 68201 we hold annual accounts for 6,769. 1,102 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
Founded06-07-2021
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.