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 63 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
CIVAR from Waregem, company number BE0423648290, closed financial year 2025 with a result of € 175,432 after tax. For that financial year CIVAR recorded a gross margin of € 238,614 and equity of € 665,728. Compared with financial year 2024, the result moved from € 597,173 to € 175,432. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 26, 2026.
€ 665,728
▲ 23% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 175,432
▼ 71% vs 2024
Profit after tax over the fiscal year.
€ 108,471
▲ 152% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 50,000 paid out
29 % of the profit went to the shareholders, mostly to LYSINVEST (100 % of the shares). That is where the money ends up.
Debts at end 2025
€ 1 million
▲ € 1 million vs 2024
€ 179,838 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 1.7 million
▼ 27% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 41,554
▲ 39% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -154,769 | € 589,205 | € 693,836 | € 238,614 | ▼ 66% |
| Profit after taxes | € -221,061 | € 509,813 | € 597,173 | € 175,432 | ▼ 71% |
| Equity | € -566,690 | € -56,877 | € 540,296 | € 665,728 | ▲ 23% |
| Total debts | € 1,694,936 | € 3,008,641 | € 2,377,213 | € 2,809,101 | ▲ 18% |
| Cash | € 74,554 | € 29,656 | € 43,035 | € 108,471 | ▲ 152% |
| Retained profit | € -1,183,690 | € -673,877 | € -76,704 | € 48,728 | ▲ € 125,432 |
| Dividend | € 0 | € 0 | € 0 | € 50,000 | |
| Bank debt | € 228,917 | € 157,000 | € 8,000 | € 1,026,770 | ▲ € 1 million |
| Balance sheet total | € 1,128,246 | € 2,951,764 | € 2,917,509 | € 3,474,829 | ▲ 19% |
Key figures of CIVAR, 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 CIVAR?
What happened at CIVAR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Marnik Vanrolleghem stepped down as director. NBB
- Lysinvest NV stepped down as director. NBB
- Francis Vandeputte stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 175,432 (▼ 71% vs 2024). Source: NBB ↗
- Rik Vandeputte stepped down as director. NBB
- Lysinvest NV became a director. NBB
- Rik Vandeputte became a director. NBB
- Marnik Vanrolleghem became a director. NBB
In short
From € 221,061 loss in 2022 to € 175,432 profit in 2025.
Paid € 62,869 in corporate taxes since 2022.
Best year ever: 2024, with € 597,173 profit.
Paid out € 50,000 in dividends to the owners in total.
Management
The stake of LYSINVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
CIVARThe shares are held by LYSINVEST (100%).
Directors
According to the 2025 annual accounts
Rik Vandeputte
Director
Also active at: Belgian Feed Association, LEIEVOEDERS, DELTRAN, ULYSSE, BIO'OR, DEL'OR, LYSINVEST, AgriKracht
since 2019 · until 2025
since 2025 · until 2030
Francis Vandeputte
Director
Also active at: LEIEVOEDERS, LARIMOVA, DELTRAN, BIO'OR, DEL'OR, LYSINVEST, AgriKracht
since 2019 · until 2030
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Emiel Clausstraat 23
8793 Waregem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0423.648.290
- VAT number
- BE 0423.648.290
- Registered office
- Emiel Clausstraat 23, 8793 Waregem
- Names & denominations
- CIVAR
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 November 1982
- Peppol
- Active · Active since 2 Apr 2026
- Activities · NACE
Varkensvetmesterijen
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen