Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 17 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
VARECO from Hove, company number BE0423324430, closed financial year 2025 with a result of € 591 after tax. For that financial year VARECO recorded a gross margin of € 6,324 and equity of € 279,808. Compared with financial year 2024, the result moved from € -9,156 to € 591. Profitable, and profit is growing. 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 19, 2026.
€ 279,808
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 591
▲ still € 9,156 loss in 2024
Profit after tax over the fiscal year.
€ 16,688
▲ 54% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 11,607.
Debts at end 2025
€ 50,000
Loans from banks and other lenders, long and short.
€ 3,933
▲ 163% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 6,890 | € 9,058 | € 10,235 | € 6,324 | ▼ 38% |
| Profit after taxes | € -16,974 | € -7,475 | € -9,156 | € 591 | ▲ € 9,747 |
| Equity | € 295,847 | € 288,373 | € 279,216 | € 279,808 | |
| Total debts | € 151,350 | € 151,459 | € 153,746 | € 155,347 | ▲ 1% |
| Cash | € 2,147 | € 7,346 | € 10,833 | € 16,688 | ▲ 54% |
| Land & buildings | € 393,581 | € 381,029 | € 371,213 | € 358,276 | ▼ 3% |
| Retained profit | € 27,646 | € 20,172 | € 11,016 | € 11,607 | ▲ 5% |
| Bank debt | € 50,000 | € 50,000 | € 50,000 | € 50,000 | |
| Balance sheet total | € 447,198 | € 439,831 | € 432,963 | € 435,154 | ▲ 1% |
Key figures of VARECO, 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 VARECO?
What happened at VARECO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 591. Source: NBB ↗
- STANISLAS VANHOVE stepped down as director. NBB
- ANNICK VANHOVE stepped down as director. NBB
- NATHALIE VANHOVE stepped down as director. NBB
- PHILLIPPE VANHOVE stepped down as director. NBB
- STANISLAS VANHOVE became a director. NBB
- ANNICK VANHOVE became a director. NBB
- NATHALIE VANHOVE became a director. NBB
In short
From € 16,974 loss in 2022 to € 591 profit in 2025.
Best year ever: 2025, with € 591 profit.
Management
Directors
According to the 2025 annual accounts
since 2020 · until 2026
ANNICK VANHOVE
Director
since 2020 · until 2026
NATHALIE VANHOVE
Director
since 2020 · until 2026
PHILLIPPE VANHOVE
Director
since 2020 · until 2026
Establishments
Establishment units
Physical locations of this company
Boechoutsesteenweg 136 box 8
2540 Hove
Bist 14-16
2630 Aartselaar
Active since 1 January 1983
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0423.324.430
- VAT number
- BE 0423.324.430
- Registered office
- Boechoutsesteenweg 136 bus 8, 2540 Hove
- Names & denominations
- VARECO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 December 1982
- Peppol
- Active · Active since 3 Dec 2025