VAROS
ActiveVAROS has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €178k and a net result of €51k. Equity is growing by ~10.5% per year across the filed fiscal years. Its solvency ranks better than 27% of 27319 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
83
/ 100
Excellent▲ +2 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency52▲+2
Growth78=
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 1.64 against 1.79 in 2024), but 74.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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 · 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
25.3%
Return on assets
7.3%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
31 d late
2023
29 d late
2022
32 d late
2021
31 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€178k▲ 30.8%
2024 · €136k
2018: €72k
2019: €91k
2020: €101k
2021: €85k
2022: €106k
2023: €96k
2024: €136k
2018 → 2025
Total assets
€702k▲ 17.7%
2024 · €597k
2018: €119k
2019: €152k
2020: €155k
2021: €128k
2022: €162k
2023: €194k
2024: €597k
2018 → 2025
Net result
€51k▼ 11.8%
2024 · €58k
2018: €22k
2019: €18k
2020: €10k
2021: €-16k
2022: €21k
2023: €12k
2024: €58k
2018 → 2025
Working capital
€119k▲ 53.2%
2024 · €78k
2018: €71k
2019: €84k
2020: €90k
2021: €81k
2022: €99k
2023: €83k
2024: €78k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€85k-€106k▲ 25.4%€96k▼ 9.5%€136k▲ 42.0%€178k▲ 30.8%
Operating result€-13k-€34k€24k▼ 30.0%€103k▲ 328%€94k▼ 8.0%
Net result€-16k-€21k€12k▼ 42.9%€58k▲ 377%€51k▼ 11.8%
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 8% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €702k
Fixed assets
€396k▼ 5.9%
Current assets
€307k▲ 74.1%
Equity and liabilities €702k
Equity
€178k▲ 30.8%
Debt
€524k▲ 13.8%
The debt ratio falls from 77.2% to 74.7%: equity grows faster than debt.
Key figures and ratios
EBITDA
€148k▼
2024 · €168k
Cash flow
€105k▼
2024 · €124k
Solvency
25.3%▲
2024 · 22.8%
Current ratio
1.64▼
2024 · 1.79
Quick ratio
1.64▼
2024 · 1.79
Debt / equity
2.95▼
2024 · 3.38
ROE
28.9%▼
2024 · 42.9%
ROA
7.3%▼
2024 · 9.8%
Interest coverage
10.06▼
2024 · 11.80
Debt
€524k▲
2024 · €461k
Debt ≤ 1 year
€188k▲
2024 · €98k
Debt > 1 year
€337k▼
2024 · €361k
Income taxes
€28k▼
2024 · €32k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€597k€702k▲
Fixed assets21/28€421k€396k▼
Tangible fixed assets22/27€421k€396k▼
Land and buildings22€373k€347k▼
Plant, machinery and equipment23€6k€6k▲
Furniture and vehicles24€42k€42k▲
Current assets29/58€176k€307k▲
Amounts receivable within one year40/41€88k€199k▲
Trade receivables40€85k€190k▲
Other amounts receivable41€2k€9k▲
Cash at bank and in hand54/58€85k€104k▲
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€597k€702k▲
Equity10/15€136k€178k▲
Contributions10/11€6k€6k=
Reserves13€102k€143k▲
Distributable reserves133€102k€143k▲
Profit (loss) carried forward14€27k€29k▲
Amounts payable17/49€461k€524k▲
Amounts payable after more than one year17€361k€337k▼
Financial debts170/4€361k€337k▼
Amounts payable within one year42/48€98k€188k▲
Current portion of amounts payable after more than one year42€28k€23k▼
Trade debts44€16k€83k▲
Suppliers440/4€16k€83k▲
Taxes, remuneration and social security45€36k€65k▲
Taxes450/3€36k€61k▲
Remuneration and social security454/9-€4k
Other amounts payable47/48€18k€16k▼
Accrued charges and deferred income492/3€1k€51▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€65k€53k▼
Other operating charges640/8€2k€2k▲
Non-recurring operating charges66A€7-
Gross operating margin9900€170k€150k▼
Operating profit (loss)9901€103k€94k▼
Financial income75/76B€2k€43▼
Recurring financial income75€2k€43▼
Financial charges65/66B€14k€15k▲
Recurring financial charges65€14k€15k▲
Profit (loss) for the period before taxes9903€90k€80k▼
Income taxes67/77€32k€28k▼
Profit (loss) for the period9904€58k€51k▼
Profit (loss) for the period to be appropriated9905€58k€51k▼
Appropriation of the result
Profit (loss) to be appropriated9906€85k€79k▼
Profit (loss) brought forward from the previous period14P€27k€27k▲
Transfer from equity791/2€18k€10k▼
Transfer to equity691/2€58k€50k▼
To other reserves6921€58k€50k▼
Profit to be distributed694/7€18k€10k▼
Return on contributions (dividend)694€18k€10k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Equity above €150kEq €178k ▲30.8%
4 profitable years in a row build equity to €178k.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Highest result since 2018net €58k ▲377%
Operating result €103k, net result €58k, both a record.
31-12
Financial
Equity above €100kEq €136k ▲42%
3 profitable years in a row build equity to €136k.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
31-12
Financial
Equity above €100kEq €106k ▲25.4%
Equity rises from €85k to €106k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-16k ▼261%
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Equity above €100kEq €101k ▲11%
3 profitable years in a row build equity to €101k.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Dilbeek · 1 establishment unit since 2010
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.
Kattebroekstraat 2721700 DilbeekGround area
4,502 m²
Building footprint
131 m²
Volume, LiDAR
683 m³
2 parcels, Flanders · tallest building 11.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kattebroekstraat 272, 1700 Dilbeek
since 20102.186.716.728
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23016C0220/00B000 | Flanders | 4,083 m² | - | - |
| 23016C0093/00V000 | Flanders | 419 m² | 1 · 131 m² | 11.7 m · 2 fl. |
Linked by address, not proof of ownership
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.
Similar companies · same sector, comparable size
SI-PROS
BE 0837.179.680
Asse · Eq €178k
DMV CONSTRUCT
BE 0885.062.642
Lebbeke · Eq €177k
D.D.C. CONSTRUCTIONS
BE 0883.757.991
Bornem · Eq €179k
LAMBRECHT MARIO
BE 0808.878.149
Brugge · Eq €179k
BOSTYL
BE 0860.767.607
Bastogne · Eq €179k
Of 3,987 companies in sector 43310 we hold annual accounts for 1,736. 1,395 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-03-2010
Fiscal year end31-12
Activities, NACEBEL
43310Plastering work
43230Insulation installation
43291Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.