VARPO
ActiveVARPO has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20k and a net result of €349. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 19% of 3098 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability9▼-91
Solvency1=
Growth32▼-26
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.01 against 0.41 in 2024), and 98.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← 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
1.5%
Return on assets
0%
Age of the figures
11 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 3098 sector peers (2025).
NBB · sector comparisonPosition among 3098 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
2 d early
2022
4 d early
2021
2 d early
2020
on the day
2019
22 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€20k▲ 1.8%
2024 · €19k
2018: €27k
2019: €38k
2020: €38k
2021: €38k
2022: €39k
2023: €91k
2024: €19k
2018 → 2025
Total assets
€1.30M▼ 40.5%
2024 · €2.18M
2018: €163k
2019: €40k
2020: €503k
2021: €658k
2022: €480k
2023: €1.58M
2024: €2.18M
2018 → 2025
Net result
€349▼ 100.0%
2024 · €868k
2018: €293k
2019: €11k
2020: €-625
2021: €751
2022: €272
2023: €53k
2024: €868k
2018 → 2025
Working capital
€-1.26M▲ 0.4%
2024 · €-1.27M
2018: €63k
2019: €38k
2020: €-402k
2021: €-401k
2022: €-400k
2023: €-1.20M
2024: €-1.27M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€38k-€39k▲ 0.7%€91k▲ 137%€19k▼ 78.8%€20k▲ 1.8%
Operating result€492-€256▼ 48.0%€143▼ 44.0%€-143€2k
Net result€751-€272▼ 63.8%€53k▲ 19,305%€868k▲ 1,542%€349▼ 100.0%
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 returns to profit in 2025: €2k after a loss of €143 in 2024, the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.30M
Fixed assets
€1.29M=
Current assets
€9k▼ 99.0%
Equity and liabilities €1.30M
Equity
€20k▲ 1.8%
Debt
€1.28M▼ 40.9%
The debt ratio falls from 99.1% to 98.5%: equity grows while debt is paid down.
Key figures and ratios
Solvency
1.5%▲
2024 · 0.9%
Current ratio
0.01▼
2024 · 0.41
Quick ratio
0.01▼
2024 · 0.41
Debt / equity
64.55
ROE
1.8%
ROA
0.0%▼
2024 · 39.8%
Debt
€1.28M▼
2024 · €2.16M
Debt ≤ 1 year
€1.27M▼
2024 · €2.16M
Income taxes
€131▲
2024 · €129
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€2.18M€1.30M▼
Fixed assets21/28€1.29M€1.29M=
Financial fixed assets28€1.29M€1.29M=
Current assets29/58€892k€9k▼
Amounts receivable within one year40/41€891k€6k▼
Trade receivables40€3k€6k▲
Other amounts receivable41€888k-
Cash at bank and in hand54/58-€689
Deferred charges and accrued income490/1€899€3k▲
Equity and liabilities
Total equity and liabilities10/49€2.18M€1.30M▼
Equity10/15€19k€20k▲
Contributions10/11€19k€19k=
Reserves13€824€1k▲
Distributable reserves133€824€1k▲
Amounts payable17/49€2.16M€1.28M▼
Amounts payable within one year42/48€2.16M€1.27M▼
Taxes, remuneration and social security45€273€176▼
Taxes450/3€273€176▼
Other amounts payable47/48€2.16M€1.27M▼
Accrued charges and deferred income492/3-€5k
Income statement
Code20242025
Other operating charges640/8€732€1k▲
Gross operating margin9900€588€3k▲
Operating profit (loss)9901€-143€2k▲
Financial income75/76B€869k€4k▼
Recurring financial income75€869k€4k▼
Financial charges65/66B€519€6k▲
Recurring financial charges65€519€6k▲
Profit (loss) for the period before taxes9903€868k€480▼
Income taxes67/77€129€131▲
Profit (loss) for the period9904€868k€349▼
Profit (loss) for the period to be appropriated9905€868k€349▼
Appropriation of the result
Profit (loss) to be appropriated9906€868k€349▼
Transfer from equity791/2€72k-
Transfer to equity691/2-€349
To other reserves6921-€349
Profit to be distributed694/7€940k-
Return on contributions (dividend)694€940k-
The notes to these accounts (2 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
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2018net €868k ▲1542%
Net result €868k, the highest in the series.
28-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Back to profitnet €751
Net result €751 after one loss-making year.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet €-625 ▼106%
Net result drops to €-625, the lowest in the series; recovery starts the following year.
08-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Liquidity times 18current ratio 29.61
Current ratio from 1.64 to 29.61; short-term debt falls from €100k to €1k.
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 50 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, Ravels · 1 establishment unit since 2006
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.
Hulsel 42382 RavelsGround area
8,008 m²
Building footprint
356 m²
Volume, LiDAR
1,592 m³
Parcel 13033B0111/00C000, Flanders · tallest building 7.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
VARPO
since 20062.158.435.090
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13033B0111/00C000 | Flanders | 8,008 m² | 1 · 356 m² | 7.3 m · 1 fl. |
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.
Similar companies · same sector, comparable size
Van den Eynde P.
BE 0544.543.449
Ravels · Eq €21k
MUWA
BE 0466.790.922
Bocholt · Eq €22k
DE LOCHTJES
BE 0438.471.771
Pelt · Eq €24k
VarMar
BE 1007.013.319
Aalter · Eq €26k
Bova
BE 0716.719.637
Ravels · Eq €14k
Of 585 companies in sector 01462 we hold annual accounts for 211. 66 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-10-2006
Fiscal year end30-09
Activities, NACEBEL
01462Crop and animal production, hunting and related service activities
74855
82100Office administrative and support services
82110Office administrative, office support and other business support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.