Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 45.6 to 36.1.
Financials
Financial year 2025
Varia-Pack from Leuven, company number BE0407977446, closed financial year 2025 with a result of € 594,838 after tax. For that financial year Varia-Pack recorded revenue of € 23.1 million and equity of € 6.6 million. Compared with financial year 2024, the result moved from € 774,241 to € 594,838. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 12, 2026.
€ 6.6 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 594,838
▼ 23% vs 2024
Profit after tax over the fiscal year.
€ 443,615
▼ 90% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 594,800 paid out
100 % of the profit went to the shareholders, mostly to KING BELGIUM (100 % of the shares). That is where the money ends up.
People and assets in 2025
36.1
▼ 4.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.1 million
▼ 3% vs 2024
€ 86,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 4,650
▼ 89% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 4.3 million
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 83 days on average.
€ 785,136
▼ 12% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 29,132,669 | € 25,374,246 | € 23,149,776 | € 23,056,460 | |
| Profit after taxes | € 1,230,727 | € 764,994 | € 774,241 | € 594,838 | ▼ 23% |
| Equity | € 8,764,860 | € 6,779,854 | € 6,554,096 | € 6,554,133 | |
| Total debts | € 9,069,862 | € 7,044,188 | € 6,247,567 | € 5,732,339 | ▼ 8% |
| Cash | € 7,051,126 | € 4,773,343 | € 4,433,350 | € 443,615 | ▼ 90% |
| Land & buildings | € 595,942 | € 552,187 | € 508,431 | € 464,676 | ▼ 9% |
| Retained profit | € 6,943,593 | € 4,958,588 | € 4,732,829 | € 4,732,867 | |
| Dividend | € 1,200,000 | € 2,750,000 | € 1,000,000 | € 594,800 | ▼ 41% |
| Balance sheet total | € 17,834,722 | € 13,824,043 | € 12,801,662 | € 12,286,472 | ▼ 4% |
| Employees (FTE) | 48 | 45.6 | 40.5 | 36.1 | ▼ 4.4 |
Key figures of Varia-Pack, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Varia-Pack?
What happened at Varia-Pack in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Walter Gillijns stepped down as director. NBB
- George Tarratt stepped down as director. NBB
- King Belgium SA stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 594,838 (▼ 23% vs 2024). Source: NBB ↗
- King Belgium SA became a director. NBB
- George Tarratt became a director. NBB
- Walter Gillijns became a director. NBB
- New establishment in Leuven. KBO
In short
From € 1.2 million profit in 2022 to € 594,838 profit in 2025.
Paid € 1.3 million in corporate taxes since 2022.
Best year ever: 2022, with € 1.2 million profit.
Paid out € 5.5 million in dividends to the owners in total.
Management
The stake of KING BELGIUM comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Varia-PackThe shares are held by KING BELGIUM (100%).
Directors
According to the 2025 annual accounts
since 2021 · until 2027
George Tarratt
Director
since 2022 · until 2027
Director · represented by Werner Meuleman
since 2022 · until 2027
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Aarschotsesteenweg 114
3012 Leuven
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Self-hosted
Hosting
NL-BIT BIT BV, NL
Website info
Features
Security
Details
- Company number
- 0407.977.446
- VAT number
- BE 0407.977.446
- Registered office
- Aarschotsesteenweg 114, 3012 Leuven
- Names & denominations
- Varia-Pack
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 18 January 1971
- Peppol
- Active · Active since 27 Nov 2024
- Contact
- variapack.be
- Activities · NACE
Groothandel in andere machines en werktuigen, neg
Groothandel in papier- en kartonwaren
Groothandel in andere machines en werktuigen, n.e.g.
Niet-gespecialiseerde groothandel
Overige groothandel