VARS
ActiveVARS has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €367k and a net result of €19k. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 88% of 31540 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
83
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▲+1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity short (current ratio 0.4 against 0.07 in 2024; short-term debt: 10.1% and cash: 4% of total assets), and 10.1% 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 70
Relative position
BE, all sectors
reference
Sector 70
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
89.9%
Return on assets
4.7%
Age of the figures
9 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
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 28-04-2026, 94 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
94 d early
2024
94 d early
2023
95 d early
2022
96 d early
2021
99 d early
2020
95 d early
2019
96 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
Turnover
€42k
EBIT margin
52.4%
Net result
€19k▲ 3.7%
2024 · €18k
2018: €8k
2019: €4k
2020: €8k
2021: €9k
2022: €8k
2023: €16k
2024: €18k
2018 → 2025
Working capital
€-25k▲ 42.5%
2024 · €-43k
2018: €-60k
2019: €-51k
2020: €-40k
2021: €-41k
2022: €-51k
2023: €-53k
2024: €-43k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€42k
Equity€374k-€365k▼ 2.4%€365k▼ 0.1%€366k▲ 0.4%€367k▲ 0.3%
Operating result€14k-€12k▼ 13.5%€22k▲ 87.9%€26k▲ 16.3%€26k▲ 1.6%
Net result€9k-€8k▼ 12.5%€16k▲ 100%€18k▲ 17.4%€19k▲ 3.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 2% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €409k
Fixed assets
€392k▼ 4.2%
Current assets
€17k▲ 401%
Equity and liabilities €409k
Equity
€367k▲ 0.3%
Debt
€41k▼ 10.8%
The debt ratio falls from 11.2% to 10.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€43k▲
2024 · €43k
Cash flow
€36k▲
2024 · €36k
Solvency
89.9%▲
2024 · 88.8%
Current ratio
0.40▲
2024 · 0.07
Quick ratio
0.40▲
2024 · 0.07
Debt / equity
0.11▼
2024 · 0.13
ROE
5.2%▲
2024 · 5.0%
ROA
4.7%▲
2024 · 4.5%
Interest coverage
588.74▲
2024 · 110.56
Debt
€41k▼
2024 · €46k
Debt ≤ 1 year
€41k▼
2024 · €46k
Income taxes
€7k▲
2024 · €7k
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€412k€409k▼
Fixed assets21/28€409k€392k▼
Tangible fixed assets22/27€409k€392k▼
Land and buildings22€409k€392k▼
Current assets29/58€3k€17k▲
Cash at bank and in hand54/58€3k€17k▲
Equity and liabilities
Total equity and liabilities10/49€412k€409k▼
Equity10/15€366k€367k▲
Contributions10/11€350k€350k=
Reserves13€794€794=
Distributable reserves133€794€794=
Profit (loss) carried forward14€15k€17k▲
Amounts payable17/49€46k€41k▼
Amounts payable within one year42/48€46k€41k▼
Current portion of amounts payable after more than one year42€8k-
Trade debts44€14k€8k▼
Suppliers440/4€14k€8k▼
Taxes, remuneration and social security45€8k€16k▲
Taxes450/3€8k€16k▲
Other amounts payable47/48€17k€17k▲
Accrued charges and deferred income492/3€7-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€17k=
Other operating charges640/8€4k€3k▼
Gross operating margin9900€47k€47k▼
Operating profit (loss)9901€26k€26k▲
Financial charges65/66B€388€74▼
Recurring financial charges65€388€74▼
Profit (loss) for the period before taxes9903€25k€26k▲
Income taxes67/77€7k€7k▲
Profit (loss) for the period9904€18k€19k▲
Profit (loss) for the period to be appropriated9905€18k€19k▲
Appropriation of the result
Profit (loss) to be appropriated9906€32k€35k▲
Profit (loss) brought forward from the previous period14P€14k€15k▲
Profit to be distributed694/7€17k€18k▲
Return on contributions (dividend)694€17k€18k▲
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
Next filing, fiscal year 2026, expected by
2026
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €19k ▲3.7%
Operating result €26k, net result €19k, both a record.
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €4k ▼45.1%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
08-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
03-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Tubize · 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.
Rue Julien Marsille 1871480 TubizeGround area
4,593 m²
Building footprint
279 m²
Volume, LiDAR
1,689 m³
Parcel 25097B0031/00R000, Wallonia · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VARS
since 20152.241.596.952
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25097B0031/00R000 | Wallonia | 4,593 m² | 1 · 279 m² | 9.6 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.
Similar companies · same sector, comparable size
SCHEPEX
BE 0461.303.096
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STE-LO
BE 0695.454.366
Schilde · Eq €368k
DOCHAIN NICOLAS
BE 0680.955.935
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TRANSFORMATIS
BE 0741.865.896
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BOUWMANAGEMENT TEAM
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Of 82,546 companies in sector 70200 we hold annual accounts for 52,574. 36,888 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-01-2015
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 11 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.
Contact details
2 entriesE-mail:beatrice@vanmieghem.com
Phone:02/397.95.21