Financials
Financial year 2025
VARDACO from Gent, company number BE0672891572, closed financial year 2025 with a result of € 122,390 after tax. For that financial year VARDACO recorded a gross margin of € 186,929 and equity of € 81,975. Compared with financial year 2024, the result moved from € 90,600 to € 122,390. Profitable, and profit is growing. The buffer shrank hard: equity is 52 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 24, 2026.
€ 81,975
▼ 52% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 122,390
▲ 35% vs 2024
Profit after tax over the fiscal year.
€ 124,319
▲ 177% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 212,990 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 39,422
▼ 9% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 314,415
▼ 7% vs 2024
€ 23,743 is repaid this year. At this pace the long-term loan is gone in ≈ 13 years.
€ 8,685
▼ 49% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 35,228
▲ 203% 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 | € 83,038 | € 121,434 | € 192,015 | € 186,929 | ▼ 3% |
| Profit after taxes | € 59,541 | € 92,765 | € 90,600 | € 122,390 | ▲ 35% |
| Equity | € 216,172 | € 236,954 | € 172,575 | € 81,975 | ▼ 52% |
| Total debts | € 36,829 | € 37,456 | € 412,372 | € 587,846 | ▲ 43% |
| Cash | € 145,845 | € 140,461 | € 44,845 | € 124,319 | ▲ 177% |
| Land & buildings | - | - | € 356,424 | € 338,111 | ▼ 5% |
| Retained profit | € 197,572 | € 218,354 | € 153,975 | € 63,375 | ▼ 59% |
| Dividend | € 86,335 | € 71,983 | € 154,979 | € 212,990 | ▲ 37% |
| Bank debt | € 12,039 | € 4,038 | € 337,220 | € 314,415 | ▼ 7% |
| Balance sheet total | € 253,001 | € 274,411 | € 584,947 | € 669,821 | ▲ 15% |
Key figures of VARDACO, 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 VARDACO?
What happened at VARDACO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 122,390 (▲ 35% vs 2024). Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
- Bjorn Varewyck became a director. NBB
In short
From € 59,541 profit in 2022 to € 122,390 profit in 2025.
Paid € 71,405 in corporate taxes since 2022.
Best year ever: 2025, with € 122,390 profit.
Paid out € 526,287 in dividends to the owners in total.
Management
Behind VARDACO is Bjorn Varewyck. It owns 50% of GIELEN SERVICE itself.
Directors
According to the 2025 annual accounts
Bjorn Varewyck
Director
since 2017
Establishments
Establishment units
Physical locations of this company
Hoogpoort 14
9000 Gent
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
- 0672.891.572
- VAT number
- BE 0672.891.572
- Registered office
- Hoogpoort 14, 9000 Gent
- Names & denominations
- VARDACO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 March 2017
- Peppol
- Active · Active since 24 Oct 2025
- Activities · NACE
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