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 40 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
VARS from Tubize, company number BE0568973195, closed financial year 2025 with a result of € 19,174 after tax. For that financial year VARS recorded a gross margin of € 46,614 and equity of € 367,426. Compared with financial year 2024, the result moved from € 18,493 to € 19,174. 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 April 28, 2026.
€ 367,426
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 19,174
▲ 4% vs 2024
Profit after tax over the fiscal year.
€ 16,535
▲ € 13,233 vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 18,000 paid out
94 % of the profit went to the shareholders, the rest stayed in the company.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 8,289
▼ 39% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 15,512
▲ 103% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | € 42,330 | - | - | |
| Gross margin | € 32,163 | € 43,138 | € 46,708 | € 46,614 | |
| Profit after taxes | € 7,867 | € 15,749 | € 18,493 | € 19,174 | ▲ 4% |
| Equity | € 365,011 | € 364,760 | € 366,253 | € 367,426 | |
| Total debts | € 82,647 | € 62,700 | € 46,140 | € 41,154 | ▼ 11% |
| Cash | € 3,796 | € 1,324 | € 3,302 | € 16,535 | ▲ € 13,233 |
| Land & buildings | € 443,182 | € 426,136 | € 409,091 | € 392,046 | ▼ 4% |
| Retained profit | € 15,011 | € 14,760 | € 16,253 | € 17,426 | ▲ 7% |
| Dividend | € 17,000 | € 16,000 | € 17,000 | € 18,000 | ▲ 6% |
| Bank debt | € 45,244 | € 26,762 | € 7,943 | € 0 | ▼ 100% |
| Balance sheet total | € 447,658 | € 427,460 | € 412,393 | € 408,581 | ▼ 1% |
Key figures of VARS, 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 VARS?
What happened at VARS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 19,174 (▲ 4% vs 2024). Source: NBB ↗
- New establishment in Tubize. KBO
- Start of the company according to the CBE. KBO
In short
From € 7,867 profit in 2022 to € 19,174 profit in 2025.
Paid € 22,503 in corporate taxes since 2022.
Best year ever: 2025, with € 19,174 profit.
Paid out € 68,000 in dividends to the owners in total.
A new publication or filing at VARS? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind VARS is Arnaud Van Mieghem. Arnaud Van Mieghem is also behind C.T.S.I..
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Rue Julien Marsille 187
1480 Tubize
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0568.973.195
- VAT number
- BE 0568.973.195
- Registered office
- Rue Julien Marsille 187, 1480 Tubize
- Names & denominations
- VARS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 January 2015
- Peppol
- Active · Active since 5 Jan 2026
- Activities · NACE
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