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 31 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
VARACO from Wevelgem, company number BE0831575753, closed financial year 2024 with a result of € 516,898 after tax. For that financial year VARACO recorded a gross margin of € 879,164 and equity of € 3.6 million. Compared with financial year 2023, the result moved from € 839,301 to € 516,898. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 23, 2025.
€ 3.6 million
▼ 15% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 516,898
▼ 38% vs 2023
Profit after tax over the fiscal year.
€ 101,006
▼ 83% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 1.2 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2024
€ 315,061
▲ 7% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 734,445
▼ 23% vs 2023
€ 193,333 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 43,827
▲ € 42,543 vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 37,954
▼ 33% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 2,016,158 | € 1,971,331 | € 1,273,555 | € 879,164 | ▼ 31% |
| Profit after taxes | € 1,455,260 | € 1,424,064 | € 839,301 | € 516,898 | ▼ 38% |
| Equity | € 2,099,934 | € 3,483,998 | € 4,223,299 | € 3,590,197 | ▼ 15% |
| Total debts | € 2,010,907 | € 1,841,891 | € 1,621,586 | € 2,378,323 | ▲ 47% |
| Cash | € 123,033 | € 214,771 | € 603,110 | € 101,006 | ▼ 83% |
| Land & buildings | € 2,434,575 | € 3,030,114 | € 4,491,493 | € 4,637,139 | ▲ 3% |
| Retained profit | € 2,001,334 | € 3,385,398 | € 4,124,699 | € 3,491,597 | ▼ 15% |
| Dividend | € 0 | € 40,000 | € 100,000 | € 1,150,000 | ▲ € 1.1 million |
| Bank debt | € 1,396,945 | € 1,173,611 | € 950,278 | € 734,445 | ▼ 23% |
| Balance sheet total | € 4,110,841 | € 5,325,889 | € 5,844,885 | € 5,968,521 | ▲ 2% |
Key figures of VARACO, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to VARACO?
What happened at VARACO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 516,898 (▼ 38% vs 2023). filed late Source: NBB ↗
- Thomas Vanderstichele became a director. NBB
- New establishment in Wevelgem. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.5 million profit in 2021 to € 516,898 profit in 2024.
Paid € 1.4 million in corporate taxes since 2021.
Best year ever: 2021, with € 1.5 million profit.
Paid out € 1.3 million in dividends to the owners in total.
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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 VARACO is Thomas Vanderstichele. Thomas Vanderstichele is also behind TOP MOTORS WAREGEM, TOP MOTORS ROESELARE, TOP MOTORS OUDENAARDE, TOP MOTORS INVEST and TOP MOTORS KORTRIJK.
Directors
According to the 2024 annual accounts
Thomas Vanderstichele
Director
Also active at: TOP MOTORS WAREGEM, TOP MOTORS ROESELARE, TOP MOTORS OUDENAARDE, TOP MOTORS INVEST, TOP MOTORS KORTRIJK, EURO-VEG Belgium, TOP MOTORS SERVICES, TOP MOTORS WEVELGEM +2 more
since 2010
Establishments
Establishment units
Physical locations of this company
Kozakstraat 50
8560 Wevelgem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0831.575.753
- VAT number
- BE 0831.575.753
- Registered office
- Kozakstraat 50, 8560 Wevelgem
- Names & denominations
- VARACO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 December 2010
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
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