VAREC
0438.592.824 · rovalta.com · 05/11/2026
ACTIVE
VAREC
Financial year 2025 · Closed on 31/12/2025
Net result288,7 k €-72,8 %over 1 year
Revenue16,2 M €-1,5 %over 1 year
Equity5,1 M €+0,5 %over 1 year
Workforce38,6 ETP+6,0 %over 1 year
Overview
Identity
Source · BCE/KBOVAREC is a Public limited company incorporated in 1989. Its main activity is: Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres. Its registered office is in Mechelen. It employs on average 38,6 ETP workers (FTE).
- Legal situation
- Normal situation
- BCE/KBO no. / VAT
- BE 0438.592.824
- Incorporation
- 05/10/1989
- Legal form
- Public limited company
- Registered office
- Antwerpsesteenweg 106
2800 Mechelen · FlandreSee on map - Contributed capital
- 402 000,00 €
- Latest accounts
- 31/12/2025
- Average workforce
- 38,6 ETP
Activities (NACE)
22110Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres· main22110Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres22120Manufacture of rubber products25120Manufacture of doors and windows of metal22110Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres
Joint committees (4)
- 116
- 1160
- 207
- 2070
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
Financials
Source · NBB, 20 filingsTrend over 19 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Revenue | 16,2 M € | -1.5% | 16,4 M € | +14.2% | 14,4 M € | +142% | 5,9 M € | -58.6% | 14,4 M € |
| EBITDA | 1,3 M € | -12.0% | 1,5 M € | +46.7% | 1 M € | +1346% | 70,6 k € | -93.2% | 1 M € |
| Operating result | 1,2 M € | -15.1% | 1,4 M € | +53.4% | 902,7 k € | +1675% | 50,9 k € | -92.9% | 712,8 k € |
| Net result | 288,7 k € | -72.8% | 1,1 M € | +81.1% | 585,8 k € | +356% | 128,5 k € | -78.2% | 588,8 k € |
| Balance sheet | |||||||||
| Equity | 5,1 M € | +0.5% | 5 M € | +12.6% | 4,5 M € | +15.1% | 3,9 M € | +3.5% | 3,8 M € |
| Total assets | 7,7 M € | -26.1% | 10,4 M € | +25.2% | 8,3 M € | +40.2% | 5,9 M € | -2.9% | 6,1 M € |
| Cash | 1,5 M € | +216% | 466,8 k € | -20.3% | 585,5 k € | -73.9% | 2,2 M € | +2.6% | 2,2 M € |
| Debts | 2,6 M € | -50.7% | 5,2 M € | +38.1% | 3,8 M € | +98.9% | 1,9 M € | -16.0% | 2,3 M € |
| Other | |||||||||
| Workforce | 38,6 ETP | +6.0% | 36,4 ETP | +3.4% | 35,2 ETP | -6.4% | 37,6 ETP | -12.4% | 42,9 ETP |
Valuation
Indicative valuation
As an indication, this company is worth
between 10 M€ and 25 M€
See the valuationBoard of directors
Source · NBB, accounts to 31/12/20253 active · 4 ended
Active mandates
| Director | Mandates in this company | Period | Other mandatescurrentendedstruck offbankruptcies |
|---|---|---|---|
Véronique Van Assche | Director01/05/2025 → 27/06/2031 | ||
Didier Van Assche | Managing director30/05/2014 → 31/12/2029Director28/05/2010 → 2012 accountsended | ||
Ferdinand Van Assche | Managing director30/05/2014 → 31/12/2029 |
Ended mandates
| Director | Mandates in this company | Period | Other mandatescurrentendedstruck offbankruptcies |
|---|---|---|---|
Ludwig Van Assche | Director30/05/2015 → 2024 accounts |
Other companies at this address
Antwerpsesteenweg 106 2800 Mechelen| Company | CBE no. |
|---|---|
AMRET● Active | 0438.592.923 |
AMRETVAREC● Active | 0695.917.194 |
Financials
Full financial information
Source · NBB| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Full model | Full model | Full model | Full model | Full model | Full model |
| Start of the financial year | 01/01/2025 | 01/01/2024 | 01/01/2023 | 01/01/2022 | 01/01/2021 | 01/01/2020 |
| Closing of the financial year | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 27/07/2026 | 24/07/2025 | 23/07/2024 | 22/06/2023 | 26/08/2022 | 30/08/2021 |
| General meeting | 10/07/2026 | 27/06/2025 | 28/06/2024 | 26/05/2023 | 29/07/2022 | 30/07/2021 |
| Currency of the financial year | EUR | EUR | EUR | EUR | EUR | EUR |
| NBB quality label | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls |
Financial ratios
Source · NBBLooking for more information about this company?
Try for freeAnnual accounts filings
Source · NBB, 20 filings| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2025 | 10/07/2026 | 27/07/2026 | Dutch | |
| Full model | 31/12/2024 | 27/06/2025 | 24/07/2025 | Dutch | |
| Full model | 31/12/2023 | 28/06/2024 | 23/07/2024 | Dutch | |
| Full model | 31/12/2022 | 26/05/2023 | 22/06/2023 | Dutch | |
| Full model | 31/12/2021 | 29/07/2022 | 26/08/2022 | Dutch | |
| Full model | 31/12/2020 | 30/07/2021 | 30/08/2021 | Dutch | |
| Full model | 31/12/2019 | 06/07/2020 | 20/07/2020 | Dutch | |
| Full model | 31/12/2018 | 21/06/2019 | 13/08/2019 | Dutch | |
| Full model | 31/12/2017 | 31/08/2018 | 31/08/2018 | Dutch | |
| Full model | 31/12/2016 | 26/06/2017 | 18/07/2017 | Dutch | |
| Abridged model | 31/12/2015 | 27/05/2016 | 23/06/2016 | Dutch | |
| Abridged model | 31/12/2014 | 29/05/2015 | 11/06/2015 | Dutch | |
| Abridged model | 31/12/2013 | 30/05/2014 | 02/07/2014 | Dutch | |
| Abridged model | 31/12/2012 | 31/05/2013 | 18/06/2013 | Dutch | |
| Abridged model | 31/12/2011 | 25/05/2012 | 06/06/2012 | Dutch | |
| Abridged model | 31/12/2010 | 27/05/2011 | 07/06/2011 | Dutch | |
| Abridged model | 31/12/2009 | 28/05/2010 | 18/06/2010 | Dutch | |
| Abridged model | 31/12/2008 | 29/05/2009 | 17/06/2009 | Dutch | |
| Abridged model | 31/12/2007 | 30/05/2008 | 11/06/2008 | Dutch | |
| Full model | 31/12/2006 | 25/05/2007 | 03/07/2007 | Dutch |
Valuation
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 10 M€ and 25 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Board of directors
Source · NBB, accounts to 31/12/20253 active · 4 ended
Active mandates
| Director | Mandates in this company | Period | Other mandatescurrentendedstruck offbankruptcies |
|---|---|---|---|
Véronique Van Assche | Director01/05/2025 → 27/06/2031 | ||
Didier Van Assche | Managing director30/05/2014 → 31/12/2029Director28/05/2010 → 2012 accountsended | ||
Ferdinand Van Assche | Managing director30/05/2014 → 31/12/2029 |
Ended mandates
| Director | Mandates in this company | Period | Other mandatescurrentendedstruck offbankruptcies |
|---|---|---|---|
Ludwig Van Assche | Director30/05/2015 → 2024 accounts |
Ownership and network
Looking for more information about this company?
Try for freePublications
Belgian Official Gazette publications
Source · Belgian Official Gazette- Mandates22/07/2026ONTSLAGEN, BENOEMINGEN
- Mandates22/07/2025ONTSLAGEN - BENOEMINGEN
- Mandates19/12/2023STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
- Mandates03/07/2023ONTSLAGEN - BENOEMINGEN
- Mandates05/04/2022ONTSLAGEN - BENOEMINGEN
- Mandates16/09/2020ONTSLAGEN - BENOEMINGEN
- Mandates09/01/2018ONTSLAGEN - BENOEMINGEN
- Mandates07/08/2014ONTSLAGEN - BENOEMINGEN
Similar companies
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
Source · CBE, NBB annual accountsYear
Identity
Incorporation
Name
Registered office
Annual accounts
Filings19 filings
Mandates
Véronique Van Assche
Didier Van Assche
Ferdinand Van Assche
Ludwig Van Assche
AMRET
Ferdinand Van Ascche
F.V.A. CONSULTING
1989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028202920302031
VAREC
Antwerpsesteenweg 106, 2800 Mechelen
Director
Managing directorDirector
Managing director
DirectorManaging director
Director
Managing director
Managing director
CurrentPlanned, not yet servedEndedAccounts filedToday
Registered offices
Source · NBB annual accounts, CBE| Registered address | Period | Source |
|---|---|---|
| Antwerpsesteenweg 106, 2800 MechelenCurrent | accounts 2021 → 2025 | Accounts 2025 · 2026-00339075 |
Company names
Source · NBB annual accounts, CBE| Name | Period | Source |
|---|---|---|
| VARECCurrent | accounts 2006 → 2025 | Accounts 2025 · 2026-00339075 |
Events
- 2025Annual accounts 2025288,7 k €↓
- 2024Annual accounts 20241,1 M €↑
- 2023Annual accounts 2023585,8 k €↑
- 2022Annual accounts 2022128,5 k €↓
- 2021Annual accounts 2021588,8 k €↓
- 2019Annual accounts 20191 M €↑
- 2018Annual accounts 2018682,3 k €↑
- 2017Annual accounts 2017-239,8 k €↓
- 2016Annual accounts 2016668,4 k €↑
- 2015Annual accounts 2015658,6 k €↑
- 2014Annual accounts 2014228,2 k €↑
- 2013Annual accounts 2013-33,4 k €↑
- 2012Annual accounts 2012-131,3 k €↑
- 2011Annual accounts 2011-176,9 k €↓
- 2010Annual accounts 201023,4 k €↓
- 2009Annual accounts 2009424,6 k €↓
- 2008Annual accounts 2008508,2 k €↑
- 2007Annual accounts 2007336,2 k €↓
- 2006Annual accounts 2006353,3 k €
- 05/10/1989IncorporationPublic limited company