VARIANIN
ActiveThe annual accounts of VARIANIN for fiscal year 2024 show a net loss of 55% of total assets. The 2024 annual accounts show equity of €13k and a net result of €-9k. Equity is shrinking by ~8.6% per year across the filed fiscal years. Its solvency ranks better than 77% of 290 sector peers (fiscal year 2024). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 3.58 against 9.12 in 2023; short-term debt: 24.8% of total assets), and 24.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 13
Relative position
BE, all sectors
reference
Sector 13
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
75.2%
Return on assets
-55.4%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-9k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-07-2025, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
8 d early
2023
15 d early
2022
31 d late
2021
31 d late
2020
29 d late
2019
21 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€13k▼ 42.4%
2023 · €22k
2018: €27k
2019: €28k
2020: €37k
2021: €33k
2022: €31k
2023: €22k
2018 → 2024
Total assets
€17k▼ 30.0%
2023 · €24k
2018: €42k
2019: €40k
2020: €47k
2021: €39k
2022: €38k
2023: €24k
2018 → 2024
Net result
€-9k▼ 8.6%
2023 · €-9k
2018: €-619
2019: €842
2020: €11k
2021: €-4k
2022: €-2k
2023: €-9k
2018 → 2024
Working capital
€11k▼ 36.0%
2023 · €17k
2018: €22k
2019: €22k
2020: €33k
2021: €31k
2022: €26k
2023: €17k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€37k-€33k▼ 10.1%€31k▼ 6.6%€22k▼ 28.1%€13k▼ 42.4%
Operating result€9k-€-9k€-343▲ 96.4%€-8k▼ 2,137%€-6k▲ 17.6%
Net result€11k-€-4k€-2k▲ 41.5%€-9k▼ 299%€-9k▼ 8.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6k in 2024 against €8k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €17k
Fixed assets
€2k▼ 63.2%
Current assets
€15k▼ 20.9%
Equity and liabilities €17k
Equity
€13k▼ 42.4%
Debt
€4k▲ 102%
The debt ratio rises from 8.6% to 24.8%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
75.2%▼
2023 · 91.4%
Current ratio
3.58▼
2023 · 9.12
Quick ratio
3.58▼
2023 · 8.54
Debt / equity
0.33▲
2023 · 0.09
ROE
-73.6%▼
2023 · -39.0%
ROA
-55.4%▼
2023 · -35.7%
Debt
€4k▲
2023 · €2k
Debt ≤ 1 year
€4k▲
2023 · €2k
Income taxes
€229▲
2023 · €223
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€24k€17k▼
Fixed assets21/28€5k€2k▼
Tangible fixed assets22/27€3k-
Furniture and vehicles24€3k-
Financial fixed assets28€2k€2k▲
Current assets29/58€19k€15k▼
Stocks and contracts in progress3€1k-
Stocks30/36€1k-
Amounts receivable within one year40/41€16k€15k▼
Trade receivables40-€5k
Other amounts receivable41€16k€10k▼
Cash at bank and in hand54/58€666-
Deferred charges and accrued income490/1€814-
Equity and liabilities
Total equity and liabilities10/49€24k€17k▼
Equity10/15€22k€13k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€14k€5k▼
Amounts payable17/49€2k€4k▲
Amounts payable within one year42/48€2k€4k▲
Financial debts43€1k€2k▲
Credit institutions430/8€1k€2k▲
Trade debts44€65€453▲
Suppliers440/4€65€453▲
Taxes, remuneration and social security45€592€2k▲
Taxes450/3€592€2k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€79-
Other operating charges640/8€323€5k▲
Gross operating margin9900€-7k€-2k▲
Operating profit (loss)9901€-8k€-6k▲
Financial income75/76B€408€4▼
Recurring financial income75€408€4▼
Financial charges65/66B€1k€3k▲
Recurring financial charges65€1k€3k▲
Profit (loss) for the period before taxes9903€-8k€-9k▼
Income taxes67/77€223€229▲
Profit (loss) for the period9904€-9k€-9k▼
Profit (loss) for the period to be appropriated9905€-9k€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€14k€5k▼
Profit (loss) brought forward from the previous period14P€23k€14k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
29-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 29 days late
2020
31-12
Financial
Highest result since 2018net €11k ▲1229%
Operating result €9k, net result €11k, both a record.
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
2019
31-12
Financial
Back to profitnet €842
Net result €842 after one loss-making year.
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
17-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ganshoren · 1 establishment unit since 2006
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.
Louis de Brouckèrelaan 491083 GanshorenGround area
253 m²
Building footprint
188 m²
Volume, LiDAR
2,966 m³
2 parcels, Brussels · tallest building 21.6 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
VARIANIN
since 20062.153.069.309
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21363B0370/00H002 | Brussels | 198 m² | 1 · 134 m² | 21.6 m · 6 fl. |
| 21008A0332/00P022 | Brussels | 55 m² | 1 · 55 m² | 11.3 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
DEWEER STEFANIE EN PIETER
BE 0430.925.369
Avelgem · Eq €12k
L'Atelier d'Emilie
BE 0790.166.651
Sint-Genesius-Rode · Eq €14k
I SLEEP COMFORT
BE 0564.805.363
Antwerpen · Eq €11k
Confectie Madéma
BE 0731.596.467
Anzegem · Eq €11k
Joaillerie Massis
BE 0507.891.703
Seneffe · Eq €15k
Of 226 companies in sector 13921 we hold annual accounts for 67. 24 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded22-03-2006
Fiscal year end31-12
Activities, NACEBEL
13921Manufacture of textiles
17401
13929Manufacture of textiles
17402
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
47512Retail sale of household textiles and bedding
51160
52410
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.