ACTIVE

VARY

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Financial year 2025 · closed on 30/06/2025
Net result
321,9 k €
-10.5% YoY
Gross margin
1,1 M €
+17.8% YoY
Equity
1,6 M €
+25.3% YoY
Workforce
8,0 ETP
+33.3% YoY

What does VARY do?

VARY is a Private limited company incorporated in 1988. Its main activity is: Computer programming activities. Its registered office is in Wavre. It employs on average 8,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0436.288.677
Incorporation
29/12/1988
Legal form
Private limited company
Registered office
Avenue Zénobe Gramme 27
1300 Wavre · WallonieSee on map
Contributed capital
160 000,00 €
Latest accounts
30/06/2025
Average workforce
8,0 ETP
Activities (NACE)
62010Computer programming activities· main62090Other information technology and computer service activities62100Computer programming, consultancy and related activities62900Computer programming, consultancy and related activities72220Research and experimental development on social sciences and humanities72600Scientific research and development
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Health score
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin1,1 M €969,1 k €1,1 M €794,9 k €265,6 k €383,5 k €426,4 k €217,5 k €239,5 k €284,8 k €210,1 k €263,9 k €249,1 k €193,6 k €184,6 k €161,2 k €167,6 k €154 k €128,5 k €105,9 k €
EBITDA473,3 k €510,4 k €628,4 k €352,9 k €167,7 k €195,9 k €226,4 k €35,5 k €73,2 k €128,7 k €38,8 k €62,1 k €97 k €80,8 k €108,1 k €73,9 k €81 k €99,3 k €87,6 k €79,5 k €
Operating result436,8 k €477,6 k €586 k €306,4 k €137,5 k €129,8 k €157,5 k €-11,4 k €29,2 k €107,4 k €23,2 k €19,3 k €37,5 k €43,6 k €33,6 k €14,6 k €21,6 k €46,6 k €51,1 k €30,7 k €
Net result321,9 k €359,7 k €504,5 k €224,8 k €95,3 k €88,1 k €132,5 k €-1,6 k €14,4 k €90,2 k €14,4 k €12,7 k €19,6 k €30,2 k €12,2 k €11,4 k €9,4 k €30,4 k €27 k €10,6 k €
Balance sheet
Equity1,6 M €1,3 M €912,9 k €698,4 k €473,6 k €378,3 k €290,2 k €257,7 k €259,3 k €244,8 k €224,6 k €210,2 k €207,5 k €207,1 k €196,1 k €183,9 k €172,6 k €163,2 k €132,8 k €105,8 k €
Total assets2,1 M €2,1 M €1,5 M €1 M €843,9 k €667,7 k €642,6 k €555 k €499,2 k €415,9 k €368,4 k €297,8 k €374,4 k €351,5 k €401,3 k €373 k €419,6 k €426,2 k €377,5 k €394,4 k €
Cash1,1 M €1,3 M €739,6 k €162,2 k €249 k €193,6 k €137,4 k €145,7 k €78,6 k €94,1 k €105 k €12,3 k €41,8 k €99,2 k €76,6 k €45 k €65,8 k €53 k €69,4 k €33,3 k €
Debts204,1 k €501,6 k €383,2 k €115,8 k €192,5 k €288,1 k €349,3 k €295,3 k €234,9 k €160,4 k €140,6 k €87,6 k €166,8 k €144,3 k €205,2 k €189 k €247 k €263,1 k €244,7 k €268,6 k €
Other
Workforce8,0 ETP6,0 ETP6,0 ETP3,0 ETP2,9 ETP3,0 ETP––––3,0 ETP3,8 ETP4,0 ETP2,3 ETP1,9 ETP1,6 ETP2,0 ETP1,0 ETP1,0 ETP1,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation
Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 7 ended

Active mandates

FRAEYE GROUP

Administrator - manager · since 14 avril 2021 · 0859.708.327

Active

Ended mandates

BIGBEN CONSULTING

Mandate · 0464.984.445

Ended
BIGBEN CONSULTING

Manager · 0464.984.445

Represented by BENOIT NEVE

Ended
BIGBEN CONSULTING

Manager · 0464.984.445

Ended
BIGBEN CONSULTING

Administrator - manager · until 14 avril 2021 · 0464.984.445

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/07/202401/07/202301/07/202201/07/202101/01/202101/01/2020
Closing of the financial year30/06/202530/06/202430/06/202330/06/202230/06/202131/12/2020
Length of the financial year12 months12 months12 months12 months6 months12 months
Filing date29/01/202631/01/202511/01/202431/01/202331/01/202230/04/2021
General meeting26/12/202527/12/202429/12/202330/12/202231/12/202112/04/2021
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

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/06/202526/12/202529/01/2026FrenchPDF
Abridged model30/06/202427/12/202431/01/2025FrenchPDF
Abridged model30/06/202329/12/202311/01/2024FrenchPDF
Abridged model30/06/202230/12/202231/01/2023FrenchPDF
Abridged model30/06/202131/12/202131/01/2022FrenchPDF
Abridged model31/12/202012/04/202130/04/2021FrenchPDF
Micro model31/12/201908/09/202008/10/2020FrenchPDF
Micro model31/12/201813/06/201930/08/2019FrenchPDF
Micro model31/12/201714/06/201817/08/2018FrenchPDF
Micro model31/12/201608/06/201711/07/2017FrenchPDF
Abridged model31/12/201509/06/201631/08/2016FrenchPDF
Abridged model31/12/201407/05/201511/06/2015FrenchPDF
Abridged model31/12/201308/05/201413/06/2014FrenchPDF
Abridged model31/12/201202/05/201318/06/2013FrenchPDF
Abridged model31/12/201110/05/201215/05/2012FrenchPDF
Abridged model31/12/201005/05/201104/07/2011FrenchPDF
Abridged model31/12/200906/05/201014/06/2010FrenchPDF
Abridged model31/12/200807/05/200923/06/2009FrenchPDF
Abridged model31/12/200706/06/200806/07/2008FrenchPDF
Abridged model31/12/200608/06/200728/06/2007FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 7 ended

Active mandates

FRAEYE GROUP

Administrator - manager · since 14 avril 2021 · 0859.708.327

Active

Ended mandates

BIGBEN CONSULTING

Mandate · 0464.984.445

Ended
BIGBEN CONSULTING

Manager · 0464.984.445

Represented by BENOIT NEVE

Ended
BIGBEN CONSULTING

Manager · 0464.984.445

Ended
BIGBEN CONSULTING

Administrator - manager · until 14 avril 2021 · 0464.984.445

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office25/08/2025
    SIEGE SOCIAL
    PDF
  • Mandates04/08/2021
    DENOMINATION - ANNEE COMPTABLE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE
    PDF
  • Mandates31/05/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates14/03/2017
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates04/03/2013
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares06/01/2012
    CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Registered office10/04/2006
    SIEGE SOCIAL - CAPITAL, ACTIONS - OBJET - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DIVERS
    PDF
  • Mandates25/08/2003
    DEMISSIONS, NOMINATIONS
    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 2025321,9 k €↓
  2. 2024
    Annual accounts 2024359,7 k €↓
  3. 2023
    Annual accounts 2023504,5 k €↑
  4. 2022
    Annual accounts 2022224,8 k €↑
  5. 2021
    Annual accounts 202195,3 k €↑
  6. 2020
    Annual accounts 202088,1 k €↓
  7. 2019
    Annual accounts 2019132,5 k €↑
  8. 2018
    Annual accounts 2018-1,6 k €↓
  9. 2017
    Annual accounts 201714,4 k €↓
  10. 2016
    Annual accounts 201690,2 k €↑
  11. 2015
    Annual accounts 201514,4 k €↑
  12. 2014
    Annual accounts 201412,7 k €↓
  13. 2013
    Annual accounts 201319,6 k €↓
  14. 2012
    Annual accounts 201230,2 k €↑
  15. 2011
    Annual accounts 201112,2 k €↑
  16. 2010
    Annual accounts 201011,4 k €↑
  17. 2009
    Annual accounts 20099,4 k €↓
  18. 2008
    Annual accounts 200830,4 k €↑
  19. 2007
    Annual accounts 200727 k €↑
  20. 2006
    Annual accounts 200610,6 k €
  21. 29/12/1988
    IncorporationPrivate limited company