ACTIVE

VARCAP

Export PDF

Financial year 2025 · closed on 31/03/2025

Net result

148,8 k €

-62.1% YoY

Gross margin

232,6 k €

-63.5% YoY

Equity

2,3 M €

+6.8% YoY

What does VARCAP do?

VARCAP is a Public limited company incorporated in 1992. Its main activity is: Growing of citrus fruits. Its registered office is in Beveren-Kruibeke-Zwijndrecht.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0448.111.987

Incorporation

27/08/1992

Legal form

Public limited company

Registered office

Borringstraat(VER) 19
9130 Beveren-Kruibeke-Zwijndrecht · FlandreSee on map

Contributed capital

179 375,75 €

Latest accounts

31/03/2025

Activities (NACE)

01232Growing of citrus fruits· main 01462Raising of swine/pigs 01462Raising of swine/pigs

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	232,6 k €	-63.5%	638 k €	+109%	304,7 k €	+125%	135,1 k €	+40.4%	96,3 k €	+249%	27,6 k €	+38.5%	19,9 k €	-80.1%	99,9 k €	-21.0%	126,5 k €	-12.4%	144,5 k €	-3.0%	149 k €	-36.9%	236 k €	+74.2%	135,5 k €	-20.3%	170 k €	+83.9%	92,5 k €	-42.5%	160,8 k €	+94.5%	82,7 k €	-71.6%	291,4 k €	+10.3%	264,2 k €
EBITDA	213 k €	-65.9%	625,1 k €	+115%	291,3 k €	+133%	124,9 k €	+48.4%	84,2 k €	+10131%	822,6 €	-89.7%	8 k €	-90.9%	87,9 k €	-23.8%	115,4 k €	-14.0%	134,3 k €	-3.5%	139,1 k €	-38.8%	227,3 k €	+79.4%	126,7 k €	-20.9%	160,2 k €	+89.3%	84,6 k €	-44.6%	152,7 k €	+105%	74,6 k €	-73.6%	282,5 k €	+11.8%	252,8 k €
Operating result	165,4 k €	-71.5%	579,7 k €	+112%	273 k €	+165%	102,9 k €	+76.8%	58,2 k €	+323%	-26,1 k €	-45.6%	-17,9 k €	-136%	49,9 k €	+6.2%	47 k €	-27.3%	64,7 k €	+224%	20 k €	-82.2%	112,2 k €	+3308%	-3,5 k €	-104%	81,4 k €	+366%	-30,6 k €	-219%	25,6 k €	+144%	-57,7 k €	-132%	178,7 k €	+20.2%	148,7 k €
Net result	148,8 k €	-62.1%	392,4 k €	+91.4%	205 k €	+106%	99,7 k €	+43.2%	69,6 k €	+2391%	2,8 k €	+128%	1,2 k €	-98.0%	62,7 k €	-2.6%	64,3 k €	+1.9%	63,1 k €	+32.2%	47,7 k €	-60.5%	120,8 k €	+291%	30,9 k €	-68.2%	97,2 k €	+736%	11,6 k €	-84.7%	75,8 k €	+729%	9,1 k €	-93.2%	135,4 k €	-9.2%	149,1 k €
Balance sheet
Equity	2,3 M €	+6.8%	2,2 M €	+22.0%	1,8 M €	+13.0%	1,6 M €	+6.7%	1,5 M €	+4.9%	1,4 M €	+0.2%	1,4 M €	+0.1%	1,4 M €	+4.7%	1,3 M €	+5.0%	1,3 M €	+5.2%	1,2 M €	+4.1%	1,2 M €	+11.5%	1,1 M €	+3.0%	1 M €	+10.5%	921,9 k €	+1.3%	910,3 k €	+9.1%	834,4 k €	+1.1%	825,3 k €	+19.6%	689,9 k €
Total assets	2,8 M €	+9.1%	2,6 M €	+32.5%	1,9 M €	+12.1%	1,7 M €	+7.7%	1,6 M €	-0.6%	1,6 M €	+5.1%	1,5 M €	+2.6%	1,5 M €	+4.7%	1,4 M €	+5.9%	1,4 M €	+3.7%	1,3 M €	-2.5%	1,3 M €	+8.2%	1,2 M €	+4.1%	1,2 M €	+9.5%	1,1 M €	-3.9%	1,1 M €	-6.1%	1,2 M €	+4.8%	1,1 M €	+11.3%	1 M €
Cash	2,1 M €	+17.5%	1,8 M €	+31.1%	1,4 M €	+10.8%	1,2 M €	-5.1%	1,3 M €	+19.5%	1,1 M €	+13.5%	965,7 k €	-15.7%	1,1 M €	-1.8%	1,2 M €	+33.4%	874,1 k €	+34.3%	651 k €	+0.3%	648,8 k €	+66.0%	390,8 k €	-18.3%	478,5 k €	+472%	83,7 k €	-78.2%	383,2 k €	+97.7%	193,8 k €	+4.1%	186,2 k €	+21.4%	153,3 k €
Debts	445 k €	+14.0%	390,4 k €	+158%	151,2 k €	-0.6%	152,2 k €	+18.7%	128,2 k €	-32.3%	189,5 k €	+46.9%	129 k €	+48.4%	86,9 k €	-1.4%	88,2 k €	+66.9%	52,8 k €	-40.0%	88,1 k €	-44.8%	159,4 k €	-14.4%	186,3 k €	+10.9%	167,9 k €	+3.9%	161,6 k €	-25.5%	216,9 k €	-36.8%	343,3 k €	+22.7%	279,8 k €	+2.6%	272,7 k €
Other
Workforce	–		–		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 1 active · 18 ended

Active mandates

Jerome Cap

Director · since 29 août 2016

Active

Ended mandates

JEROME CAP

Managing director · since 29 août 2022 · until 29 août 2028

Ended

NATHALIE CAP

Director · since 29 août 2022 · until 29 août 2028

Ended

JEROME CAP

Managing director · since 29 août 2016 · until 29 août 2022

Ended

NATHALIE CAP

Director · since 29 août 2016 · until 29 août 2022

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/10/2025	31/10/2024	31/10/2023	31/01/2023	04/11/2021	30/11/2020
General meeting	28/10/2025	26/08/2024	28/08/2023	29/08/2022	30/08/2021	30/10/2020
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 days

Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/03/2025	28/10/2025	30/10/2025	Dutch	PDF
Abridged model	31/03/2024	26/08/2024	31/10/2024	Dutch	PDF
Abridged model	31/03/2023	28/08/2023	31/10/2023	Dutch	PDF
Abridged model	31/03/2022	29/08/2022	31/01/2023	Dutch	PDF
Abridged model	31/03/2021	30/08/2021	04/11/2021	Dutch	PDF
Abridged model	31/03/2020	30/10/2020	30/11/2020	Dutch	PDF
Abridged model	31/03/2019	26/08/2019	24/10/2019	Dutch	PDF
Abridged model	31/03/2018	27/08/2018	30/09/2018	Dutch	PDF
Abridged model	31/03/2017	28/08/2017	29/09/2017	Dutch	PDF
Abridged model	31/03/2016	29/08/2016	27/10/2016	Dutch	PDF
Abridged model	31/03/2015	31/08/2015	27/10/2015	Dutch	PDF
Abridged model	31/03/2014	29/09/2014	22/10/2014	Dutch	PDF
Abridged model	31/03/2013	26/08/2013	31/10/2013	Dutch	PDF
Abridged model	31/03/2012	27/08/2012	27/11/2012	Dutch	PDF
Abridged model	31/03/2011	29/08/2011	28/10/2011	Dutch	PDF
Abridged model	31/03/2010	30/08/2010	29/10/2010	Dutch	PDF
Abridged model	31/03/2009	01/06/2009	28/10/2009	Dutch	PDF
Abridged model	31/03/2008	02/06/2008	24/10/2008	Dutch	PDF
Abridged model	31/03/2007	04/06/2007	13/11/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 31/03/2025 · 1 active · 18 ended

Active mandates

Jerome Cap

Director · since 29 août 2016

Active

Ended mandates

JEROME CAP

Managing director · since 29 août 2022 · until 29 août 2028

Ended

NATHALIE CAP

Director · since 29 août 2022 · until 29 août 2028

Ended

JEROME CAP

Managing director · since 29 août 2016 · until 29 août 2022

Ended

NATHALIE CAP

Director · since 29 août 2016 · until 29 août 2022

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates01/03/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/01/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/03/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/06/2006
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates10/11/2004
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares16/10/2002
ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BOEKJAAR
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

2025
Annual accounts 2025148,8 k €↓
2024
Annual accounts 2024392,4 k €↑
2023
Annual accounts 2023205 k €↑
2022
Annual accounts 202299,7 k €↑
2021
Annual accounts 202169,6 k €↑
2020
Annual accounts 20202,8 k €↑
2019
Annual accounts 20191,2 k €↓
2018
Annual accounts 201862,7 k €↓
2017
Annual accounts 201764,3 k €↑
2016
Annual accounts 201663,1 k €↑
2015
Annual accounts 201547,7 k €↓
2014
Annual accounts 2014120,8 k €↑
2013
Annual accounts 201330,9 k €↓
2012
Annual accounts 201297,2 k €↑
2011
Annual accounts 201111,6 k €↓
2010
Annual accounts 201075,8 k €↑
2009
Annual accounts 20099,1 k €↓
2008
Annual accounts 2008135,4 k €↓
2007
Annual accounts 2007149,1 k €
27/08/1992
IncorporationPublic limited company

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

VARCAP

Overview

What does VARCAP do?

Trend over 19 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline