NORMAL SITUATION

VARICO

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Financial year 2023 · closed on 31/12/2023

Net result

-54,4 €

-100.0% YoY

Gross margin

422,5 €

-99.9% YoY

Equity

71,8 k €

-92.2% YoY

Company — Normal situation.

What does VARICO do?

VARICO is a company registered in Belgium.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0442.295.650

Legal form

Public limited company

Contributed capital

86 762,73 €

Latest accounts

31/12/2023

Joint committees (1)

Signals

Solid equityPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	422,5 €	-99.9%	827 k €	+872%	85,1 k €	+73.6%	49 k €	-51.3%	100,6 k €	+29.8%	77,5 k €	+6.8%	72,5 k €	-14.1%	84,5 k €	-6.1%	89,9 k €	+108%	43,2 k €	-60.1%	108,3 k €	+32.4%	81,8 k €	+44.2%	56,7 k €	-1.3%	57,5 k €	+22.5%	46,9 k €	+2.7%	45,7 k €	+106%	22,2 k €	-17.6%	26,9 k €
EBITDA	281,9 €	-100.0%	805,4 k €	+875%	82,6 k €	+80.1%	45,9 k €	-51.6%	94,7 k €	+31.9%	71,8 k €	+7.5%	66,8 k €	-15.9%	79,4 k €	-6.0%	84,5 k €	+120%	38,4 k €	-63.5%	105,4 k €	+264%	28,9 k €	+22.4%	23,6 k €	-43.8%	42,1 k €	+7.5%	39,1 k €	-0.2%	39,2 k €	+211%	12,6 k €	-19.0%	15,6 k €
Operating result	281,9 €	-100.0%	929 k €	+2083%	42,6 k €	+28.7%	33,1 k €	-52.7%	70 k €	+64.8%	42,4 k €	+21.3%	35 k €	-26.6%	47,7 k €	-6.6%	51,1 k €	+5877%	-883,8 €	-101%	94,2 k €	+431%	17,7 k €	+44.3%	12,3 k €	-48.1%	23,7 k €	+14.1%	20,8 k €	+4.6%	19,9 k €	+556%	-4,4 k €	-619%	838,3 €
Net result	-54,4 €	-100%	632,4 k €	+2012%	29,9 k €	+27.7%	23,5 k €	-48.3%	45,4 k €	+68.7%	26,9 k €	+52.5%	17,6 k €	-36.2%	27,6 k €	-15.5%	32,7 k €	+431%	-9,9 k €	-118%	55,9 k €	+821%	6,1 k €	+1706%	-377,7 €	-107%	5,4 k €	+241%	1,6 k €	+222%	-1,3 k €	+94.8%	-25 k €	-41.8%	-17,7 k €
Balance sheet
Equity	71,8 k €	-92.2%	921,1 k €	+219%	288,7 k €	+11.6%	258,8 k €	+10.0%	235,3 k €	+23.9%	189,9 k €	+16.5%	163 k €	+12.1%	145,4 k €	+23.5%	117,8 k €	+38.5%	85 k €	-10.4%	94,9 k €	+143%	39,1 k €	+18.4%	33 k €	-1.1%	33,4 k €	+19.2%	28 k €	+6.0%	26,4 k €	-4.7%	27,7 k €	-47.5%	52,7 k €
Total assets	71,8 k €	-92.4%	948,8 k €	+122%	427,1 k €	-0.7%	430 k €	-0.6%	432,8 k €	+8.1%	400,4 k €	-4.8%	420,5 k €	-5.0%	442,5 k €	-9.7%	489,9 k €	+16.5%	420,6 k €	-8.3%	458,4 k €	-0.2%	459,4 k €	-4.6%	481,3 k €	-4.4%	503,5 k €	-3.1%	519,3 k €	-4.7%	544,9 k €	-0.3%	546,4 k €	+5.3%	518,8 k €
Cash	52,2 k €	-94.5%	948,8 k €	+1062%	81,7 k €	+67.5%	48,8 k €	-21.3%	61,9 k €	+186%	21,7 k €	-5.3%	22,9 k €	+32.1%	17,3 k €	-35.6%	26,9 k €	+13.4%	23,7 k €	+13.5%	20,9 k €	+165%	7,9 k €	-43.6%	14 k €	+10.2%	12,7 k €	+839%	1,4 k €	+1236%	101,3 €	-85.8%	714 €	-61.8%	1,9 k €
Debts	–		27,7 k €	+86.2%	14,9 k €	-68.8%	47,7 k €	-35.5%	73,9 k €	-15.0%	86,9 k €	-35.1%	133,9 k €	-22.8%	173,5 k €	-30.1%	248,3 k €	+20.3%	206,4 k €	-12.3%	235,4 k €	-19.5%	292,5 k €	-21.3%	371,5 k €	-12.9%	426,6 k €	-7.3%	460,3 k €	-6.4%	491,7 k €	-0.9%	496,1 k €	+10.8%	447,8 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		0,2 ETP

Governance

Board of directors

Seen on filing of 31/12/2023 · 2 active · 16 ended

Active mandates

Advocatenkantoor Nathalie Brys

Managing director · since 28 mai 2021 · until 28 mai 2027 · 0476.510.025

Represented by Nathalie BRYS

Active

Anne-Sophie Pringuet

Director · since 20 janvier 2021 · until 20 janvier 2027

Active

Ended mandates

Advocatenkantoor Nathalie Brys

Managing director · since 28 mai 2021 · until 28 mai 2027 · 0476.510.025

Represented by Nathalie BRYS

Ended

Advocatenkantoor Nathalie Brys

Managing director · since 28 mai 2021 · until 28 mai 2027 · 0476.510.025

Represented by Nathalie Brys

Ended

Advocatenkantoor Nathalie Brys

Managing director · since 29 mai 2015 · until 29 mai 2021 · 0476.510.025

Represented by Eric PRINGUET

Ended

Advocatenkantoor Nathalie Brys

Managing director · since 22 septembre 2014 · until 22 septembre 2020 · 0476.510.025

Represented by Eric Pringuet

Ended

Annual accounts

Full financial information

	2023	2022	2021	2020	2019	2018
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018
Closing of the financial year	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	27/06/2024	23/06/2023	30/05/2022	31/05/2021	16/09/2020	11/09/2019
General meeting	31/05/2024	24/04/2023	27/05/2022	28/05/2021	31/08/2020	29/08/2019
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

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Filings

Annual accounts filings

36 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2023	31/05/2024	27/06/2024	Dutch	PDF
Micro model	31/12/2022	24/04/2023	23/06/2023	Dutch	PDF
Micro model	31/12/2021	27/05/2022	30/05/2022	Dutch	PDF
Micro model	31/12/2020	28/05/2021	31/05/2021	Dutch	PDF
Micro model	31/12/2019	31/08/2020	16/09/2020	Dutch	PDF
Micro model	31/12/2018	29/08/2019	11/09/2019	Dutch	PDF
Micro model	31/12/2017	30/06/2018	19/07/2018	Dutch	PDF
Micro model	31/12/2016	31/08/2017	21/09/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	26/07/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	29/07/2014	26/08/2014	Dutch	PDF
Abridged model	31/12/2012	27/07/2013	26/08/2013	Dutch	PDF
Abridged model	31/12/2011	31/07/2012	30/08/2012	Dutch	PDF
Abridged model	31/12/2010	27/05/2011	29/11/2011	Dutch	PDF
Abridged model	31/12/2009	28/05/2010	24/11/2010	Dutch	PDF
Abridged model	31/12/2008	29/05/2009	30/10/2009	Dutch	PDF
Abridged model	31/12/2007	30/05/2008	31/10/2008	Dutch	PDF
Abridged model	31/12/2006	25/05/2007	31/10/2007	Dutch	PDF
Abridged model	31/12/2005	26/05/2006	03/11/2006	Dutch	PDF
Abridged modelCorrection	31/12/2004	29/06/2005	28/11/2005	Dutch	PDF
Abridged model	31/12/2004	29/06/2005	30/09/2005	Dutch	PDF
Abridged modelCorrection	31/12/2003	28/06/2004	30/09/2004	Dutch	PDF
Abridged model	31/12/2003	28/06/2004	26/07/2004	Dutch	PDF
Abridged modelCorrection	31/12/2002	30/06/2003	23/10/2003	Dutch	PDF

View all 36 filings

Estimate

Indicative valuation

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 31/12/2023 · 2 active · 16 ended

Active mandates

Advocatenkantoor Nathalie Brys

Managing director · since 28 mai 2021 · until 28 mai 2027 · 0476.510.025

Represented by Nathalie BRYS

Active

Anne-Sophie Pringuet

Director · since 20 janvier 2021 · until 20 janvier 2027

Active

Ended mandates

Advocatenkantoor Nathalie Brys

Managing director · since 28 mai 2021 · until 28 mai 2027 · 0476.510.025

Represented by Nathalie BRYS

Ended

Advocatenkantoor Nathalie Brys

Managing director · since 28 mai 2021 · until 28 mai 2027 · 0476.510.025

Represented by Nathalie Brys

Ended

Advocatenkantoor Nathalie Brys

Managing director · since 29 mai 2015 · until 29 mai 2021 · 0476.510.025

Represented by Eric PRINGUET

Ended

Advocatenkantoor Nathalie Brys

Managing director · since 22 septembre 2014 · until 22 septembre 2020 · 0476.510.025

Represented by Eric Pringuet

Ended

Shareholders

Ownership and network

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Competition

Similar companies

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

See the Business plan

2023
Annual accounts 2023-54,4 €↓
2022
Annual accounts 2022632,4 k €↑
2021
Annual accounts 202129,9 k €↑
2020
Annual accounts 202023,5 k €↓
2019
Annual accounts 201945,4 k €↑
2018
Annual accounts 201826,9 k €↑
2017
Annual accounts 201717,6 k €↓
2016
Annual accounts 201627,6 k €↓
2015
Annual accounts 201532,7 k €↑
2014
Annual accounts 2014-9,9 k €↓
2013
Annual accounts 201355,9 k €↑
2012
Annual accounts 20126,1 k €↑
2011
Annual accounts 2011-377,7 €↓
2010
Annual accounts 20105,4 k €↑
2009
Annual accounts 20091,6 k €↑
2008
Annual accounts 2008-1,3 k €↑
2007
Annual accounts 2007-25 k €↓
2006
Annual accounts 2006-17,7 k €

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

VARICO

Overview

What does VARICO do?

Trend over 18 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline