VAREC is a plastics manufacturer in Mechelen. Public Limited, started on 5 October 1989, 1 establishment.

What is the address of VAREC?

The registered office of VAREC is located at Antwerpsesteenweg 106, 2800 Mechelen.

Is VAREC still active?

Yes. According to the CBE (31 October 2026) VAREC is active, legal situation “Normale toestand”, started on 5 October 1989.

Is VAREC registered on Peppol?

Yes, VAREC is registered on the Peppol network with ID 0208:0438592824.

What is the enterprise number of VAREC?

The enterprise number of VAREC is BE0438592824.

When was VAREC founded?

VAREC was founded on 5 October 1989.

Who are the directors of VAREC?

According to the 2025 annual accounts, the directors of VAREC are: Ferdinand Van Assche, Didier Van Assche, Véronique Van Assche.

Is VAREC a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 5 October 1989; 5 annual accounts filed, latest fiscal year 2025; 3 directors known from the annual account.

How much profit did VAREC make in 2025?

VAREC posted a profit after taxes of € 288,681 in financial year 2025.

What is the revenue of VAREC?

In its most recent annual accounts (2025), VAREC reported revenue of € 16,182,057.

How much does an employee at VAREC earn?

The average wage cost per full-time employee at VAREC was € 58,800 in 2025: staff costs of € 2.3 million for 38.6 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does VAREC have?

According to the 2025 annual accounts, VAREC has 38.6 full-time equivalents (FTE).

Does VAREC have a website?

Yes, VAREC has a website at varec.be.

VAREC (Public Limited) - Mechelen - BE0438592824

Dossier VAREC, printed on 31 October 2026 from databakkes.be/en/0438592824/varec. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

VAREC from Mechelen, company number BE0438592824, closed financial year 2025 with a result of € 288,681 after tax. For that financial year VAREC recorded revenue of € 16.2 million and equity of € 5.1 million. Compared with financial year 2024, the result moved from € 1.1 million to € 288,681. 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 July 27, 2026.

What it is worth Growing

€ 5.1 million

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 288,681

▼ 73% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 1.5 million

▲ 216% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 264,510 paid out

92 % of the profit went to the shareholders, mostly to AMRET (96 % of the shares). That is where the money ends up.

People and assets in 2025

Full-time equivalents

38.6

▲ 2.2 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 2.6 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 2.3 million

▲ 13% vs 2024

€ 58,800 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.

Vehicles and equipment

€ 18,761

▼ 18% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 5 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 500,772

▼ 57% vs 2024

€ 40,927 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.

Owed to suppliers

€ 1.2 million

▼ 57% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 35 days on average.

Taxes and wages

€ 605,544

▼ 23% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 5,947,351 Revenue 2022: € 5,947,351 First fiscal year in the series	€ 14,395,350 Revenue 2023: € 14,395,350 ▲ 142% vs 2022 (€ 5,947,351) Favourable step	€ 16,436,205 Revenue 2024: € 16,436,205 ▲ 14% vs 2023 (€ 14,395,350) Favourable step	€ 16,182,057 Revenue 2025: € 16,182,057 ▼ 2% vs 2024 (€ 16,436,205) Unfavourable step	▼ 2%
Profit after taxes	€ 128,454 Profit after taxes 2022: € 128,454 First fiscal year in the series	€ 585,840 Profit after taxes 2023: € 585,840 ▲ € 457,386 vs 2022 (€ 128,454) Favourable step	€ 1,061,045 Profit after taxes 2024: € 1,061,045 ▲ 81% vs 2023 (€ 585,840) Favourable step	€ 288,681 Profit after taxes 2025: € 288,681 ▼ 73% vs 2024 (€ 1,061,045) Unfavourable step	▼ 73%
Equity	€ 3,883,102 Equity 2022: € 3,883,102 First fiscal year in the series	€ 4,468,942 Equity 2023: € 4,468,942 ▲ 15% vs 2022 (€ 3,883,102) Favourable step	€ 5,034,059 Equity 2024: € 5,034,059 ▲ 13% vs 2023 (€ 4,468,942) Favourable step	€ 5,058,230 Equity 2025: € 5,058,230 Unchanged (€ 5,034,059) Favourable step
Total debts	€ 2,031,780 Total debts 2022: € 2,031,780 First fiscal year in the series	€ 3,834,762 Total debts 2023: € 3,834,762 ▲ 89% vs 2022 (€ 2,031,780) Unfavourable step	€ 5,367,024 Total debts 2024: € 5,367,024 ▲ 40% vs 2023 (€ 3,834,762) Unfavourable step	€ 2,631,770 Total debts 2025: € 2,631,770 ▼ 51% vs 2024 (€ 5,367,024) Favourable step	▼ 51%
Cash	€ 2,244,798 Cash 2022: € 2,244,798 First fiscal year in the series	€ 585,533 Cash 2023: € 585,533 ▼ 74% vs 2022 (€ 2,244,798) Unfavourable step	€ 466,837 Cash 2024: € 466,837 ▼ 20% vs 2023 (€ 585,533) Unfavourable step	€ 1,475,483 Cash 2025: € 1,475,483 ▲ 216% vs 2024 (€ 466,837) Favourable step	▲ 216%
Retained profit	€ 3,481,102 Retained profit 2022: € 3,481,102 First fiscal year in the series	€ 4,066,942 Retained profit 2023: € 4,066,942 ▲ 17% vs 2022 (€ 3,481,102) Favourable step	€ 4,632,059 Retained profit 2024: € 4,632,059 ▲ 14% vs 2023 (€ 4,066,942) Favourable step	€ 4,656,230 Retained profit 2025: € 4,656,230 ▲ 1% vs 2024 (€ 4,632,059) Favourable step	▲ 1%
Dividend	€ 0 Dividend 2022: € 0 First fiscal year in the series	€ 0 Dividend 2023: € 0 Unchanged (€ 0) Unchanged	€ 495,928 Dividend 2024: € 495,928 Unchanged (€ 0) Unchanged	€ 264,510 Dividend 2025: € 264,510 ▼ 47% vs 2024 (€ 495,928) Unchanged	▼ 47%
Bank debt	€ 358,552 Bank debt 2022: € 358,552 First fiscal year in the series	€ 517,718 Bank debt 2023: € 517,718 ▲ 44% vs 2022 (€ 358,552) Unfavourable step	€ 1,165,314 Bank debt 2024: € 1,165,314 ▲ 125% vs 2023 (€ 517,718) Unfavourable step	€ 500,772 Bank debt 2025: € 500,772 ▼ 57% vs 2024 (€ 1,165,314) Favourable step	▼ 57%
Balance sheet total	€ 5,934,885 Balance sheet total 2022: € 5,934,885 First fiscal year in the series	€ 8,318,707 Balance sheet total 2023: € 8,318,707 ▲ 40% vs 2022 (€ 5,934,885) Unchanged	€ 10,411,085 Balance sheet total 2024: € 10,411,085 ▲ 25% vs 2023 (€ 8,318,707) Unchanged	€ 7,695,000 Balance sheet total 2025: € 7,695,000 ▼ 26% vs 2024 (€ 10,411,085) Unchanged	▼ 26%
Employees (FTE)	37.6 Employees (FTE) 2022: 37.6 First fiscal year in the series	35.2 Employees (FTE) 2023: 35.2 ▼ 2.4 vs 2022 (37.6) Unchanged	36.4 Employees (FTE) 2024: 36.4 ▲ 1.2 vs 2023 (35.2) Unchanged	38.6 Employees (FTE) 2025: 38.6 ▲ 2.2 vs 2024 (36.4) Unchanged	▲ 2.2

Key figures of VAREC, 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 VAREC?

What happened at VAREC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2031 Véronique Van Assche stepped down as director. NBB
2029 Ferdinand Van Assche stepped down as director. NBB
2029 Didier Van Assche stepped down as director. NBB
Jul 27, 2026 New annual accounts for financial year 2025: profit of € 288,681 (▼ 73% vs 2024). Source: NBB ↗
2025 Véronique Van Assche became a director. NBB
2023 Ferdinand Van Assche became a director. NBB
2023 Didier Van Assche became a director. NBB
Nov 2, 1989 New establishment in Mechelen. KBO

In short

From € 128,454 profit in 2022 to € 288,681 profit in 2025.

Paid € 823,141 in corporate taxes since 2022.

Best year ever: 2024, with € 1.1 million profit.

Paid out € 760,438 in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

AMRET 96.4%

Anne de Meurichy 1.8%

Ferdinand Van Assche 0.9%

Didier Van Assche 0.9%

VAREC

The shares are held by AMRET (96.4%), Anne de Meurichy (1.8%), Ferdinand Van Assche (0.9%), Didier Van Assche (0.9%), Caroline Van Assche (0%) and Véronique Van Assche (0%).

Directors

According to the 2025 annual accounts

Ferdinand Van Assche

Managing director

Owns 0.9% directly

Also active at: AMRET

since 2023 · until 2029

Didier Van Assche

Managing director

Owns 0.9% directly

Also active at: AMRET

since 2023 · until 2029

Véronique Van Assche

Director

Owns 0% directly

since 2025 · until 2031

Shareholders

AMRET

96.4%

Anne de Meurichy

1.8%

Ferdinand Van Assche · director

0.9%

Didier Van Assche · director

0.9%

Caroline Van Assche

Véronique Van Assche · director

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Antwerpsesteenweg 106

2800 Mechelen

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 →

AMRET same network

€ 508,596 gross margin · 2025

AMRETVAREC

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Website

HTTP varec.be

Technologies

Nginx

Hosting & Email

Email provider

Microsoft 365

Hosting

COMBELL-AS, BE

Website info

HTTPS Nee

Features

Security

✗ HTTPS

✓ SPF

✓ DMARC

Network

✓ IPv6

Details

Company number

0438.592.824

VAT number

BE 0438.592.824

Registered office

Antwerpsesteenweg 106, 2800 Mechelen

Names & denominations

VAREC

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

5 October 1989

Peppol

Active · Active since 15 Sept 2025

Contact

varec.be

Activities · NACE

Vervaardiging en loopvlakvernieuwing van rubberbanden en vervaardiging van binnenbanden

Loopvlakvernieuwing

Vervaardiging van andere producten van rubber

View on CBE Public ↗ Annual accounts (NBB) ↗

VAREC

Financials

What happened to VAREC?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Website

Technologies

Hosting & Email

Website info

Features

Security

Network

Details

Frequently asked questions