VaRi-A
ActiveVaRi-A has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €56k and a net result of €96k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 29% of 7709 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency49▼-51
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity tight (current ratio 1.29 against 4.56 in 2024; short-term debt: 75.9% and cash: 14.7% of total assets), and 76.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
23.6%
Return on assets
41%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-05-2026, 88 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
88 d early
2024
59 d early
2023
58 d early
2022
35 d early
2021
51 d early
2020
37 d early
2019
79 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€56k▼ 58.6%
2024 · €134k
2018: €67k
2019: €20k
2020: €20k
2021: €67k
2022: €20k
2023: €57k
2024: €134k
2018 → 2025
Total assets
€235k▲ 37.4%
2024 · €171k
2018: €104k
2019: €161k
2020: €97k
2021: €110k
2022: €130k
2023: €153k
2024: €171k
2018 → 2025
Net result
€96k▲ 24.3%
2024 · €78k
2018: €58k
2019: €64k
2020: €60k
2021: €77k
2022: €54k
2023: €37k
2024: €78k
2018 → 2025
Working capital
€52k▼ 60.6%
2024 · €132k
2018: €57k
2019: €22k
2020: €18k
2021: €49k
2022: €10k
2023: €54k
2024: €132k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€67k-€20k▼ 69.7%€57k▲ 178%€134k▲ 137%€56k▼ 58.6%
Operating result€98k-€77k▼ 21.3%€36k▼ 53.1%€77k▲ 115%€123k▲ 58.8%
Net result€77k-€54k▼ 30.1%€37k▼ 30.9%€78k▲ 109%€96k▲ 24.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 59% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €235k
Fixed assets
€5k▲ 87.6%
Current assets
€231k▲ 36.7%
Equity and liabilities €235k
Equity
€56k▼ 58.6%
Debt
€180k▲ 386%
The debt ratio rises from 21.6% to 76.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€124k▲
2024 · €78k
Cash flow
€98k▲
2024 · €79k
Solvency
23.6%▼
2024 · 78.4%
Current ratio
1.29▼
2024 · 4.56
Quick ratio
1.29▼
2024 · 4.56
Debt / equity
3.23▲
2024 · 0.28
ROE
173.3%▲
2024 · 57.8%
ROA
41.0%▼
2024 · 45.3%
Interest coverage
87.35▼
2024 · 342.56
Debt
€180k▲
2024 · €37k
Debt ≤ 1 year
€179k▲
2024 · €37k
Income taxes
€27k▲
2024 · €21k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€171k€235k▲
Fixed assets21/28€3k€5k▲
Tangible fixed assets22/27€3k€5k▲
Land and buildings22-€2k
Furniture and vehicles24€3k€2k▼
Current assets29/58€169k€231k▲
Amounts receivable within one year40/41€20k€56k▲
Trade receivables40€20k€56k▲
Other amounts receivable41€294€0▼
Current investments50/53€114k€135k▲
Cash at bank and in hand54/58€31k€35k▲
Deferred charges and accrued income490/1€4k€5k▲
Equity and liabilities
Total equity and liabilities10/49€171k€235k▲
Equity10/15€134k€56k▼
Contributions10/11€19k€19k=
Reserves13€116k€37k▼
Distributable reserves133€116k€37k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€37k€180k▲
Amounts payable within one year42/48€37k€179k▲
Current portion of amounts payable after more than one year42-€8k
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€1k€425▼
Suppliers440/4€1k€425▼
Taxes, remuneration and social security45€6k€8k▲
Taxes450/3€6k€8k▲
Remuneration and social security454/9€168€137▼
Other amounts payable47/48€30k€162k▲
Accrued charges and deferred income492/3€15€1k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€80k€126k▲
Operating profit (loss)9901€77k€123k▲
Financial income75/76B€21k€2k▼
Recurring financial income75€21k€2k▼
Financial charges65/66B€229€1k▲
Recurring financial charges65€229€1k▲
Profit (loss) for the period before taxes9903€99k€123k▲
Income taxes67/77€21k€27k▲
Profit (loss) for the period9904€78k€96k▲
Profit (loss) for the period to be appropriated9905€78k€96k▲
Appropriation of the result
Profit (loss) to be appropriated9906€78k€96k▲
Transfer from equity791/2€0€79k▲
Transfer to equity691/2€78k€0▼
To other reserves6921€78k€0▼
Profit to be distributed694/7€0€175k▲
Return on contributions (dividend)694€0€175k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
State Gazette act
Registered officeBoard meeting · Registered-office move · Power of attorney3 facts ▸
State Gazette act
Registered office
Board meeting · Registered-office move · Power of attorney3 facts ▸
- Board meeting, 2026-07-14
- Registered-office move, Tuinwijk Jan Verhaegen 23, 9820 Merelbeke-Melle
- Power of attorney, BV A&B Partners Waregem
04-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €96k ▲24.3%
Operating result €123k, net result €96k, both a record.
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity triplescurrent ratio 4.56
Current ratio from 1.56 to 4.56; short-term debt falls from €96k to €37k.
31-12
Financial
Equity above €100kEq €134k ▲137%
7 profitable years in a row build equity to €134k.
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €37k ▼30.9%
Net result drops to €37k, the lowest in the series; recovery starts the following year.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
13-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
07-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Merelbeke-Melle · 1 establishment unit since 2015
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Tuinwijk Jan Verhaegen 239820 Merelbeke-MelleGround area
74 m²
Building footprint
74 m²
Volume, LiDAR
475 m³
Parcel 44043A0154/00P000, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Tuinwijk Jan Verhaegen 23, 9820 Merelbeke-Melle
since 20152.243.724.123
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44043A0154/00P000 | Flanders | 74 m² | 1 · 74 m² | 9.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,501 companies in sector 82990 we hold annual accounts for 9,398. 6,981 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-07-2015
Fiscal year end31-12
Activities, NACEBEL
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.