ACTIVE

VARAK

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Financial year 2025 · closed on 31/12/2025
Net result
-85,1 k €
+34.8% YoY
Gross margin
-29,2 k €
Equity
122,3 k €
-55.3% YoY

What does VARAK do?

VARAK is a Public limited company incorporated in 1985. Its main activity is: Wholesale of other intermediate products. Its registered office is in Antwerpen.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0427.939.452
Incorporation
08/10/1985
Legal form
Public limited company
Registered office
De Keyserlei 60C box 1301
2018 Antwerpen · FlandreSee on map
Contributed capital
96 255,66 €
Latest accounts
31/12/2025
Activities (NACE)
46761Wholesale of other intermediate products· main46861Wholesale trade, except of motor vehicles and motorcycles51561Air transport
Joint committees (2)
  • 218
  • 324
Signals
Solid equityLow riskGood liquidity
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20252024200920082007
Income statement
Gross margin-29,2 k €––––
EBITDA-68,4 k €-142,7 k €210,4 k €169 k €143,7 k €
Operating result-76,6 k €-131,3 k €194 k €161 k €136,9 k €
Net result-85,1 k €-130,5 k €135,4 k €94,3 k €91,7 k €
Balance sheet
Equity122,3 k €273,7 k €2,5 M €372,1 k €277,9 k €
Total assets125,9 k €375,6 k €12,9 M €7,2 M €14,1 M €
Cash3,2 k €13,8 k €59,7 k €315,3 k €322,3 k €
Debts3,6 k €101,8 k €10,4 M €6,8 M €13,8 M €
Other
Workforce–1,1 ETP0,9 ETP0,9 ETP0,5 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 6 ended

Active mandates

ANSHUL RAJESH GANDHI

Director · since 04 février 2026

Active

Ended mandates

Choron Holdings Pte Ltd BO

Director · since 24 janvier 2023 · until 24 juin 2029

Represented by Anshul Gandhi

Ended
PARAG RAJNIKANT GANDHI

Managing director · since 07 septembre 2007 · until 24 juin 2013

Ended
CHORON (BELGIUM)

Director · since 31 août 2006 · until 25 juin 2012 · 0877.760.918

Represented by PARAG RAJNIKANT GANDHI

Ended
CHORON (BELGIUM)

Director · 0877.760.918

Represented by PARAG GANDHI

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date25/06/202622/08/202502/07/202405/07/202328/07/202230/07/2021
General meeting24/06/202624/06/202524/06/202424/06/202324/06/202230/06/2021
Currency of the financial yearEUREURUSDUSDUSDUSD
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202524/06/202625/06/2026DutchPDF
Full model31/12/202424/06/202522/08/2025DutchPDF
Full model31/12/202324/06/202402/07/2024DutchPDF
Full model31/12/202224/06/202305/07/2023DutchPDF
Full model31/12/202124/06/202228/07/2022DutchPDF
Full model31/12/202030/06/202130/07/2021DutchPDF
Full model31/12/201930/06/202006/07/2020DutchPDF
Full model31/12/201824/06/201926/06/2019DutchPDF
Full model31/12/201725/06/201811/07/2018DutchPDF
Full model31/12/201614/07/201718/07/2017DutchPDF
Full model31/12/201524/06/201618/07/2016DutchPDF
Full model31/12/201424/06/201529/06/2015DutchPDF
Full model31/12/201324/06/201401/07/2014DutchPDF
Full model31/12/201224/06/201331/08/2013DutchPDF
Full modelCorrection31/12/201125/06/201204/12/2012DutchPDF
Full model31/12/201125/06/201220/08/2012DutchPDF
Full model31/12/201024/06/201128/07/2011DutchPDF
Full model31/12/200924/06/201030/08/2010DutchPDF
Full model31/12/200824/06/200931/08/2009DutchPDF
Full model31/12/200726/11/200813/01/2009DutchPDF
Full model31/12/200625/09/200730/10/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 31/12/2025 · 1 active · 6 ended

Active mandates

ANSHUL RAJESH GANDHI

Director · since 04 février 2026

Active

Ended mandates

Choron Holdings Pte Ltd BO

Director · since 24 janvier 2023 · until 24 juin 2029

Represented by Anshul Gandhi

Ended
PARAG RAJNIKANT GANDHI

Managing director · since 07 septembre 2007 · until 24 juin 2013

Ended
CHORON (BELGIUM)

Director · since 31 août 2006 · until 25 juin 2012 · 0877.760.918

Represented by PARAG RAJNIKANT GANDHI

Ended
CHORON (BELGIUM)

Director · 0877.760.918

Represented by PARAG GANDHI

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other02/07/2026
    —
    PDF
  • Mandates15/04/2026
    BENAMING - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Registered office23/06/2025
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Capital / shares29/11/2023
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates27/03/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares24/11/2022
    KAPITAAL - AANDELEN
    PDF
  • Mandates20/10/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates26/11/2021
    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 2025-85,1 k €↑
  2. 2025
    Name changeVARAK
  3. 2024
    Annual accounts 2024-130,5 k €↓
  4. 2024
    Name changeCHORON DIAMONDS
  5. 2009
    Annual accounts 2009135,4 k €↑
  6. 2008
    Annual accounts 200894,3 k €↑
  7. 2007
    Annual accounts 200791,7 k €
  8. 08/10/1985
    IncorporationPublic limited company