VAREC
0438.592.824 · rovalta.com · 21/09/2026
ACTIVE
VAREC
Financial year 2025 · closed on 31/12/2025
Net result
288,7 k €
-72.8% YoY
Revenue
16,2 M €
-1.5% YoY
Equity
5,1 M €
+0.5% YoY
Workforce
38,6 ETP
+6.0% YoY
Overview
What does VAREC do?
VAREC 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
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
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Financials
Trend over 19 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 € | -44.8% | 26,0 M € | +17.9% | 22,1 M € | -10.1% | 24,6 M € | +121% | 11,1 M € | – | – | – | – | – | – | – | – | – | 6,4 M € | ||||||||||
| EBITDA | 1,3 M € | -12.0% | 1,5 M € | +46.7% | 1,0 M € | +1346% | 70,6 k € | -93.2% | 1,0 M € | -35.6% | 1,6 M € | +45.2% | 1,1 M € | +1044% | -117,9 k € | -112% | 958,4 k € | +0.4% | 954,3 k € | +213% | 305,3 k € | +171% | 112,7 k € | +236% | -83,1 k € | -74.7% | -47,6 k € | -135% | 136,0 k € | -83.6% | 829,4 k € | +18.4% | 700,5 k € | -7.6% | 757,8 k € | -4.8% | 795,7 k € |
| Operating result | 1,2 M € | -15.1% | 1,4 M € | +53.4% | 902,7 k € | +1675% | 50,9 k € | -92.9% | 712,8 k € | -45.9% | 1,3 M € | +32.5% | 994,2 k € | +803% | -141,4 k € | -118% | 796,3 k € | -2.5% | 816,6 k € | +243% | 238,1 k € | +340% | 54,1 k € | +138% | -140,6 k € | -7.3% | -131,0 k € | -443% | 38,2 k € | -94.4% | 683,3 k € | +22.6% | 557,3 k € | -3.2% | 575,9 k € | +4.7% | 549,9 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 € | -43.2% | 1,0 M € | +51.8% | 682,3 k € | +385% | -239,8 k € | -136% | 668,4 k € | +1.5% | 658,6 k € | +189% | 228,2 k € | +782% | -33,4 k € | +74.5% | -131,3 k € | +25.8% | -176,9 k € | -855% | 23,4 k € | -94.5% | 424,6 k € | -16.5% | 508,2 k € | +51.2% | 336,2 k € | -4.9% | 353,3 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||
| Equity | 5,1 M € | +0.5% | 5,0 M € | +12.6% | 4,5 M € | +15.1% | 3,9 M € | +3.5% | 3,8 M € | +7.8% | 3,5 M € | -23.9% | 4,6 M € | +14.6% | 4,0 M € | -5.7% | 4,2 M € | +15.5% | 3,7 M € | +18.0% | 3,1 M € | +7.9% | 2,9 M € | -1.2% | 2,9 M € | -4.3% | 3,0 M € | -5.5% | 3,2 M € | -18.5% | 3,9 M € | +2.6% | 3,8 M € | +9.7% | 3,5 M € | +10.6% | 3,2 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 € | -38.8% | 10,0 M € | -28.7% | 14,0 M € | -17.4% | 16,9 M € | +127% | 7,5 M € | +23.6% | 6,0 M € | +60.6% | 3,8 M € | +1.5% | 3,7 M € | +6.8% | 3,5 M € | -11.3% | 3,9 M € | -13.9% | 4,5 M € | -25.1% | 6,0 M € | -7.7% | 6,5 M € | +13.9% | 5,8 M € | -11.4% | 6,5 M € |
| Cash | 1,5 M € | +216% | 466,8 k € | -20.3% | 585,5 k € | -73.9% | 2,2 M € | +2.6% | 2,2 M € | -41.5% | 3,7 M € | +106% | 1,8 M € | -35.4% | 2,8 M € | +283% | 732,8 k € | -31.4% | 1,1 M € | +59.1% | 671,3 k € | -3.8% | 698,2 k € | -64.6% | 2,0 M € | +1.8% | 1,9 M € | -31.5% | 2,8 M € | -20.2% | 3,5 M € | +518% | 572,8 k € | -75.0% | 2,3 M € | +109% | 1,1 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 € | -64.6% | 6,4 M € | -30.2% | 9,2 M € | -28.4% | 12,8 M € | +312% | 3,1 M € | +38.1% | 2,3 M € | +251% | 641,4 k € | -20.6% | 807,5 k € | +47.3% | 548,1 k € | -23.9% | 719,8 k € | -25.5% | 966,0 k € | -42.5% | 1,7 M € | -19.7% | 2,1 M € | +25.7% | 1,7 M € | -41.2% | 2,8 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 | -3.2% | 44,3 ETP | +4.0% | 42,6 ETP | +4.7% | 40,7 ETP | +15.0% | 35,4 ETP | +23.3% | 28,7 ETP | +51.1% | 19,0 ETP | +5.6% | 18,0 ETP | -3.7% | 18,7 ETP | -10.5% | 20,9 ETP | -32.1% | 30,8 ETP | -8.9% | 33,8 ETP | +0.9% | 33,5 ETP | -6.9% | 36,0 ETP | -4.0% | 37,5 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 10 M€ and 25 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 3 active · 27 ended
Active mandates
Véronique Van Assche
ActiveDidier Van Assche
ActiveFerdinand Van Assche
ActiveEnded mandates
Ludwig Van Assche
EndedLudwig Van Assche
EndedDidier Van Assche
EndedFerdinand Van Assche
EndedAt this address
Other companies at this address
| Company | CBE no. |
|---|---|
AMRET● Active | 0438.592.923 |
AMRETVAREC● Active | 0695.917.194 |
Financials
Annual accounts
Full financial information
| 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 |
Ratios
Financial ratios
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| 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
Estimate
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
Governance
Board of directors
Seen on filing of 31/12/2025 · 3 active · 27 ended
Active mandates
Véronique Van Assche
ActiveDidier Van Assche
ActiveFerdinand Van Assche
ActiveEnded mandates
Ludwig Van Assche
EndedLudwig Van Assche
EndedDidier Van Assche
EndedFerdinand Van Assche
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- 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
- Other18/01/2012STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 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 20191,0 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