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 12 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
WAASVAR from Waasmunster, company number BE0883975945, closed financial year 2025 with a result of € 112,407 after tax. For that financial year WAASVAR recorded a gross margin of € 216,163 and equity of € 221,620. Compared with financial year 2024, the result moved from € 716,354 to € 112,407. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on December 24, 2025.
€ 221,620
▲ 103% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 112,407
▼ 84% vs 2024
Profit after tax over the fiscal year.
€ 22,192
▲ 28% 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 € 146,620.
People and assets in 2025
€ 53,383
▲ € 51,046 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 827,482
▼ 28% vs 2024
€ 209,090 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 1.3 million
Supplier invoices still open on the last day of the fiscal year.
€ 24,379
▲ € 23,060 vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -679,945 | € 182,463 | € 774,339 | € 216,163 | ▼ 72% |
| Profit after taxes | € -740,574 | € 128,663 | € 716,354 | € 112,407 | ▼ 84% |
| Equity | € -735,804 | € -607,141 | € 109,214 | € 221,620 | ▲ 103% |
| Total debts | € 3,146,773 | € 3,390,298 | € 2,444,658 | € 2,150,027 | ▼ 12% |
| Cash | € 237,764 | € 183,742 | € 17,281 | € 22,192 | ▲ 28% |
| Land & buildings | € 195,554 | € 173,055 | € 150,687 | € 128,804 | ▼ 15% |
| Retained profit | € -810,804 | € -682,141 | € 34,214 | € 146,620 | ▲ € 112,407 |
| Bank debt | € 1,357,011 | € 1,406,681 | € 1,144,186 | € 827,482 | ▼ 28% |
| Balance sheet total | € 2,410,969 | € 2,783,157 | € 2,553,871 | € 2,371,647 | ▼ 7% |
Key figures of WAASVAR, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to WAASVAR?
What happened at WAASVAR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 112,407 (▼ 84% vs 2024). Source: NBB ↗
- New establishment in Lokeren. KBO
- Start of the company according to the CBE. KBO
- New establishment in Waasmunster. KBO
In short
From € 740,574 loss in 2022 to € 112,407 profit in 2025.
Paid € 33,964 in corporate taxes since 2022.
Best year ever: 2024, with € 716,354 profit.
Management
Behind WAASVAR are NATHALIE DE CRAENE and JOZEF GOETHALS. It owns 97% of Govar and 29.6% of Algo itself.
Establishments
Establishment units
Physical locations of this company
Dauwstraat 26
9250 Waasmunster
Nieuwe baan 13
9160 Lokeren
Active since 31 August 2007
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0883.975.945
- VAT number
- BE 0883.975.945
- Registered office
- Dauwstraat 26, 9250 Waasmunster
- Names & denominations
- WAASVAR
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 October 2006
- Peppol
- Active · Active since 31 Dec 2025
- Activities · NACE
Fokvarkenshouderijen
Fokvarkenshouderij