ACTIVE

Varbell

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Financial year 2025 · closed on 30/06/2025
Net result
282,6 k €
-29.5% YoY
Gross margin
609,6 k €
-26.0% YoY
Equity
1,8 M €
+27.0% YoY
Workforce
1,0 ETP
0.0% YoY

What does Varbell do?

Varbell is a Private limited company incorporated in 1967. Its main activity is: Growing of citrus fruits. Its registered office is in Aalter. It employs on average 1,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0401.050.557
Incorporation
08/11/1967
Legal form
Private limited company
Registered office
Spenningstraat 1 box A
9881 Aalter · FlandreSee on map
Contributed capital
163 961,06 €
Latest accounts
30/06/2025
Average workforce
1,0 ETP
Activities (NACE)
01231Growing of citrus fruits· main01232Growing of citrus fruits01461Raising of swine/pigs01461Raising of swine/pigs01462Raising of swine/pigs01462Raising of swine/pigs+3
Joint committees (3)
  • 144
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 12 financial years

202520242023202220142013201220112009200820072006
Income statement
Gross margin609,6 k €824,2 k €695,1 k €309 k €187,8 k €142,6 k €125,3 k €215 k €174,7 k €69 k €43 k €96,8 k €
EBITDA519,7 k €736,8 k €497,1 k €239,7 k €152,3 k €105,8 k €95,9 k €175,6 k €148,3 k €43,5 k €31,6 k €58,7 k €
Operating result352,4 k €562,1 k €358 k €137,5 k €87,2 k €40,8 k €30,5 k €59,1 k €61 k €-2 k €-15,1 k €12,2 k €
Net result282,6 k €401,1 k €297,6 k €100,2 k €45,4 k €7,1 k €8,4 k €9,6 k €39,4 k €-12,8 k €-11,6 k €548 €
Balance sheet
Equity1,8 M €1,4 M €1 M €723,1 k €197,5 k €152,1 k €145 k €136,6 k €127 k €87,6 k €100,4 k €112,1 k €
Total assets4,1 M €4,3 M €4,8 M €3,3 M €847,6 k €885 k €928,6 k €958,4 k €1,1 M €945,8 k €420,5 k €485 k €
Cash275,1 k €174,7 k €141,4 k €58,3 k €21,4 k €16,5 k €73,9 k €35,5 k €188,5 k €19,6 k €95,8 k €188,3 k €
Debts2,3 M €2,9 M €3,7 M €2,6 M €644,9 k €727,9 k €780,5 k €817,3 k €939,5 k €772,4 k €317,3 k €347,2 k €
Other
Workforce1,0 ETP1,0 ETP––0,5 ETP0,5 ETP0,5 ETP0,5 ETP0,5 ETP0,5 ETP0,5 ETP0,5 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 9 ended

Active mandates

Louis Verschelde

Director · since 12 avril 2021

Active

Ended mandates

Angelique Dobbels

Director · since 17 mars 2017 · until 12 avril 2021

Ended
Angelique Dobbels

Director · since 17 mars 2017 · until 09 décembre 2022

Ended
Agribeheer Verschelde BVBA

Director · since 25 février 2014 · until 17 mars 2017 · 0545.802.766

Represented by Kristof Verschelde

Ended
Agribeheer Verschelde BVBA

Director · since 25 février 2014 · until 13 décembre 2019 · 0545.802.766

Represented by Kristof Verschelde

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/07/202401/07/202301/07/202201/07/202101/07/202001/07/2019
Closing of the financial year30/06/202530/06/202430/06/202330/06/202230/06/202130/06/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/12/202512/11/202415/01/202430/01/202325/02/202229/10/2020
General meeting12/12/202525/10/202419/12/202309/12/202210/12/202115/10/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/06/202512/12/202530/12/2025DutchPDF
Abridged model30/06/202425/10/202412/11/2024DutchPDF
Abridged model30/06/202319/12/202315/01/2024DutchPDF
Abridged model30/06/202209/12/202230/01/2023DutchPDF
Abridged model30/06/202110/12/202125/02/2022DutchPDF
Abridged model30/06/202015/10/202029/10/2020DutchPDF
Abridged model30/06/201928/10/201929/10/2019DutchPDF
Abridged model30/06/201820/11/201819/12/2018DutchPDF
Abridged model30/06/201704/01/201809/01/2018DutchPDF
Abridged model30/06/201624/10/201622/11/2016DutchPDF
Abridged model30/06/201525/09/201506/10/2015DutchPDF
Abridged model30/06/201412/12/201413/01/2015DutchPDF
Abridged model30/06/201313/12/201310/01/2014DutchPDF
Abridged model30/06/201209/12/201211/02/2013DutchPDF
Abridged model30/06/201109/12/201106/02/2012DutchPDF
Abridged model31/12/200910/06/201028/06/2010DutchPDF
Abridged model31/12/200810/06/200929/06/2009DutchPDF
Abridged model31/12/200710/06/200802/07/2008DutchPDF
Abridged model31/12/200610/06/200724/08/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 9 ended

Active mandates

Louis Verschelde

Director · since 12 avril 2021

Active

Ended mandates

Angelique Dobbels

Director · since 17 mars 2017 · until 12 avril 2021

Ended
Angelique Dobbels

Director · since 17 mars 2017 · until 09 décembre 2022

Ended
Agribeheer Verschelde BVBA

Director · since 25 février 2014 · until 17 mars 2017 · 0545.802.766

Represented by Kristof Verschelde

Ended
Agribeheer Verschelde BVBA

Director · since 25 février 2014 · until 13 décembre 2019 · 0545.802.766

Represented by Kristof Verschelde

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates15/04/2021
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - DOEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates19/07/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates09/04/2014
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates21/02/2014
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates30/06/2010
    ONTSLAGEN - BENOEMINGEN - BOEKJAAR
    PDF
  • Mandates09/06/2004
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates02/04/2004
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/08/2003
    ONTSLAGEN - BENOEMINGEN
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025282,6 k €↓
  2. 2024
    Annual accounts 2024401,1 k €↑
  3. 2023
    Annual accounts 2023297,6 k €↑
  4. 2022
    Annual accounts 2022100,2 k €↑
  5. 2014
    Annual accounts 201445,4 k €↑
  6. 2013
    Annual accounts 20137,1 k €↓
  7. 2012
    Annual accounts 20128,4 k €↓
  8. 2011
    Annual accounts 20119,6 k €↓
  9. 2009
    Annual accounts 200939,4 k €↑
  10. 2008
    Annual accounts 2008-12,8 k €↓
  11. 2007
    Annual accounts 2007-11,6 k €↓
  12. 2006
    Annual accounts 2006548 €
  13. 08/11/1967
    IncorporationPrivate limited company