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 55 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
VARASSE from Ieper, company number BE0810674926, closed financial year 2025 with a result of € 22,025 after tax. For that financial year VARASSE recorded a gross margin of € 1.5 million and equity of € 1.3 million. Compared with financial year 2024, the result moved from € 44,731 to € 22,025. 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 September 30, 2026.
€ 1.3 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 22,025
▼ 51% vs 2024
Profit after tax over the fiscal year.
€ 95,583
▼ 10% 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 € 1.2 million.
People and assets in 2025
20.4
▼ 1.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.1 million
▲ 2% vs 2024
€ 51,600 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.
€ 467,482
▼ 27% vs 2024
Of which on lease € 459,020.
Debts at end 2025
€ 1.5 million
▼ 25% vs 2024
€ 251,331 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 1 million
▲ 47% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 278,118
▲ 50% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,388,726 | € 1,674,645 | € 1,573,863 | € 1,505,179 | ▼ 4% |
| Profit after taxes | € 585,268 | € 76,805 | € 44,731 | € 22,025 | ▼ 51% |
| Equity | € 1,110,997 | € 1,187,802 | € 1,232,533 | € 1,254,558 | ▲ 2% |
| Total debts | € 4,384,484 | € 3,049,365 | € 2,833,351 | € 2,789,370 | ▼ 2% |
| Cash | € 236,695 | € 130,734 | € 106,768 | € 95,583 | ▼ 10% |
| Land & buildings | € 155,016 | € 159,774 | € 148,739 | € 116,360 | ▼ 22% |
| Retained profit | € 1,090,997 | € 1,167,802 | € 1,212,533 | € 1,234,558 | ▲ 2% |
| Bank debt | € 2,654,853 | € 2,307,071 | € 1,948,809 | € 1,460,069 | ▼ 25% |
| Balance sheet total | € 5,495,481 | € 4,237,167 | € 4,065,884 | € 4,043,928 | ▼ 1% |
| Employees (FTE) | 22.1 | 21.9 | 22.1 | 20.4 | ▼ 1.7 |
By gross margin, VARASSE ranks 3rd of 9 companies with main activity “Vervaardiging van houten emballage” in West Flanders that publish figures (fiscal year 2025).
Key figures of VARASSE, 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.
Ask about VARASSE the way you would ask their accountant.
Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.
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What happened to VARASSE?
What happened at VARASSE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 22,025 (▼ 51% vs 2024). filed late Source: NBB ↗
- VEHALISU BV became a director. NBB
- New establishment in Ieper. KBO
- New establishment in Ieper. KBO
- Incorporation, published in the Gazette. Source: Staatsblad ↗
In short
From € 585,268 profit in 2022 to € 22,025 profit in 2025.
Paid € 306,329 in corporate taxes since 2022.
Best year ever: 2022, with € 585,268 profit.
On average € 73,800 of value added per employee in 2025.
Management
Behind VARASSE is VEHALISU BV.
Directors
According to the 2025 annual accounts
Director · represented by Varasse Véronique
since 2023
Establishments
Establishment units
Physical locations of this company
Paddevijverstraat 60
8900 Ieper
Oostkaai 38
8900 Ieper
Active since 1 January 2020
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Similar companies in West Flanders
Same main activity (Vervaardiging van houten emballage), 14 active companies in West Flanders, largest first.
€ 50.5 million revenue · 2025 · Gistel
€ 49.3 million revenue · 2025 · Gistel
€ 12.5 million revenue · 2025 · Gistel
€ 2.3 million gross margin · 2025 · Gistel
€ 1.8 million gross margin · 2025 · Ieper
€ 1 million gross margin · 2025 · Harelbeke
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- Varasse Yannis(vennoot-oprichter, zaakvoerder) 50%
- Varasse Véronique(vennoot-oprichter, zaakvoerder) 50%
Details
- Company number
- 0810.674.926
- VAT number
- BE 0810.674.926
- Registered office
- Paddevijverstraat 60, 8900 Ieper
- Names & denominations
- VARASSE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 March 2009
- Peppol
- Active · Active since 17 Oct 2025
- Activities · NACE
Vervaardiging van houten emballage
Vervaardiging van fineer en van panelen op basis van hout
Vervaardiging van ander schrijn- en timmerwerk
Handelsbemiddeling in de niet-gespecialiseerde groothandel