Financials
Financial year 2025
VARDECO from Tielt, company number BE0893782348, closed financial year 2025 with a result of € 189,043 after tax. For that financial year VARDECO recorded a gross margin of € 688,717 and equity of € 1.8 million. Compared with financial year 2024, the result moved from € 498,444 to € 189,043. The company is profitable. 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 February 3, 2026.
€ 1.8 million
▲ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 189,043
▼ 62% vs 2024
Profit after tax over the fiscal year.
€ 648,625
▲ 244% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 50,000 paid out
26 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
0.7
▲ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 34,788
▲ 31% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 239,136
▲ 47% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.7 million
▼ 7% vs 2024
€ 457,589 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 496,944
▲ 22% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 30,626
▼ 62% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 355,958 | € 685,920 | € 1,151,821 | € 688,717 | ▼ 40% |
| Profit after taxes | € -16,943 | € 211,788 | € 498,444 | € 189,043 | ▼ 62% |
| Equity | € 1,133,056 | € 1,215,854 | € 1,677,397 | € 1,799,758 | ▲ 7% |
| Total debts | € 2,985,524 | € 2,858,495 | € 2,301,796 | € 2,238,484 | ▼ 3% |
| Cash | € 154,013 | € 219,589 | € 188,713 | € 648,625 | ▲ 244% |
| Land & buildings | € 2,251,213 | € 2,009,560 | € 1,785,162 | € 1,781,757 | |
| Retained profit | € 573,186 | € 634,975 | € 1,133,419 | € 1,272,462 | ▲ 12% |
| Dividend | € 0 | € 150,000 | € 0 | € 50,000 | |
| Bank debt | € 2,319,654 | € 2,157,081 | € 1,787,345 | € 1,660,913 | ▼ 7% |
| Balance sheet total | € 4,136,438 | € 4,091,236 | € 3,993,869 | € 4,050,710 | ▲ 1% |
| Employees (FTE) | 0.5 | 0.5 | 0.6 | 0.7 | ▲ 0.1 |
Key figures of VARDECO, 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 VARDECO?
What happened at VARDECO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 189,043 (▼ 62% vs 2024). filed late Source: NBB ↗
- New establishment in Tielt. KBO
- Start of the company according to the CBE. KBO
- Kristof De Roo became a director. NBB
- Isabelle Cocquyt became a director. NBB
In short
From € 16,943 loss in 2022 to € 189,043 profit in 2025.
Paid € 364,695 in corporate taxes since 2022.
Best year ever: 2024, with € 498,444 profit.
Paid out € 200,000 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 VARDECO are Kristof De Roo and Isabelle Cocquyt. It owns 49.9% of Bioverti itself.
Directors
According to the 2025 annual accounts
since 2007
Isabelle Cocquyt
Director
since 2007
Establishments
Establishment units
Physical locations of this company
Lammekensstraat 17B
8700 Tielt
Lammekensstraat 17 box B
8700 Tielt
Active since 17 December 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
- 0893.782.348
- VAT number
- BE 0893.782.348
- Registered office
- Lammekensstraat 17B, 8700 Tielt
- Names & denominations
- VARDECO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 November 2007
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
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