NORMAL SITUATION

VARIAN

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Financial year 2025 · closed on 31/12/2025

Net result

1 M €

+90.4% YoY

Gross margin

17,3 k €

+82.7% YoY

Equity

4,4 M €

+10.0% YoY

Company — Normal situation.

Strike-off: 04 septembre 2026

What does VARIAN do?

VARIAN is a Public limited company incorporated in 1992.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0449.098.320

Incorporation

18/12/1992

Legal form

Public limited company

Contributed capital

1 250 000,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ 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	17,3 k €	+82.7%	9,5 k €	+131%	-30,2 k €	-147%	64,4 k €	-58.9%	156,7 k €	-20.0%	195,8 k €	+57.4%	124,4 k €	-1.8%	126,6 k €	+2051%	5,9 k €	+7.5%	5,5 k €	-80.9%	28,7 k €	+43.0%	20 k €	-88.5%	174,8 k €	+20.8%	144,7 k €	+2709%	-5,5 k €	-117%	33,3 k €	-59.9%	83,1 k €	-1.7%	84,5 k €	-2.8%	86,9 k €
EBITDA	17,3 k €	+107%	8,4 k €	+125%	-33,9 k €	-154%	63 k €	-59.3%	154,8 k €	-20.4%	194,3 k €	+58.0%	123 k €	-1.8%	125,2 k €	+2681%	4,5 k €	+9.8%	4,1 k €	-84.8%	27 k €	+41.4%	19,1 k €	-88.9%	171,7 k €	+19.9%	143,2 k €	+1550%	-9,9 k €	-131%	31,8 k €	-61.1%	81,8 k €	-1.7%	83,2 k €	-2.4%	85,3 k €
Operating result	17,3 k €	+107%	8,4 k €	+125%	-33,9 k €	-154%	63 k €	-58.9%	153,5 k €	-20.5%	193 k €	+58.6%	121,7 k €	-1.8%	123,9 k €	+3786%	3,2 k €	-22.3%	4,1 k €	-84.8%	27 k €	+41.4%	19,1 k €	-88.9%	171,7 k €	+19.9%	143,2 k €	+1130%	-13,9 k €	-144%	31,8 k €	-61.1%	81,8 k €	-1.7%	83,2 k €	-2.4%	85,3 k €
Net result	1 M €	+90.4%	526,3 k €	+4530%	11,4 k €	-93.9%	185 k €	-38.7%	301,8 k €	-60.7%	768,5 k €	+189%	265,8 k €	+30.2%	204,1 k €	+7273%	2,8 k €	-68.6%	8,8 k €	-63.7%	24,3 k €	+155%	-43,8 k €	-109%	502,2 k €	+134%	214,6 k €	+356%	-84 k €	+36.2%	-131,6 k €	-1966%	7,1 k €	+101%	3,5 k €	-30.0%	5 k €
Balance sheet
Equity	4,4 M €	+10.0%	4 M €	+15.1%	3,5 M €	+0.3%	3,5 M €	+5.6%	3,3 M €	+10.1%	3 M €	+34.6%	2,2 M €	+13.6%	2 M €	+11.7%	1,8 M €	+0.2%	1,7 M €	+0.5%	1,7 M €	+1.4%	1,7 M €	-2.5%	1,8 M €	+998%	160,2 k €	+395%	-54,3 k €	-283%	29,6 k €	-81.6%	161,2 k €	+4.6%	154,1 k €	+2.3%	150,6 k €
Total assets	4,6 M €	-3.7%	4,7 M €	-21.5%	6 M €	-5.3%	6,4 M €	+1.8%	6,2 M €	+0.8%	6,2 M €	+2.5%	6 M €	+2.1%	5,9 M €	+5.7%	5,6 M €	+30.8%	4,3 M €	+0.5%	4,3 M €	+11.3%	3,8 M €	+0.5%	3,8 M €	+29.2%	2,9 M €	+0.2%	2,9 M €	+8.8%	2,7 M €	+3.2%	2,6 M €	+7.2%	2,4 M €	+6.0%	2,3 M €
Cash	115,4 k €	-59.8%	286,8 k €	+247%	82,8 k €	-33.7%	124,8 k €	+916%	12,3 k €	-89.4%	115,6 k €	+1265%	8,5 k €	+331%	2 k €	-94.8%	37,8 k €	-40.7%	63,7 k €	+30.3%	48,8 k €	-46.1%	90,5 k €	+23594%	382,1 €	-87.2%	3 k €	+72182%	4,1 €	-95.7%	95,5 €	+8.4%	88,1 €	-69.6%	289,5 €	-2.2%	296 €
Debts	138,7 k €	-80.6%	715,2 k €	-71.8%	2,5 M €	-10.0%	2,8 M €	-4.5%	3 M €	-7.8%	3,2 M €	-16.1%	3,8 M €	-3.6%	4 M €	+3.0%	3,8 M €	+52.1%	2,5 M €	+0.5%	2,5 M €	+19.3%	2,1 M €	+3.0%	2 M €	-26.5%	2,8 M €	-7.0%	3 M €	+18.4%	2,5 M €	+9.3%	2,3 M €	+4.5%	2,2 M €	+6.5%	2,1 M €

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 20 ended

Active mandates

VAJAMA

Director · since 26 juillet 2024 · 0448.969.349

Represented by Jaak Vandekerckhove

Active

VAPAMA

Director · since 26 juillet 2024 · 0448.986.076

Represented by Paul Vandekerckhove

Active

Ended mandates

Laurens Vandekerckhove

Director · since 23 mars 2022

Ended

Ghekiere Marie

Director · since 03 juin 2017 · until 03 juin 2023

Ended

Marie-Elisabeth Ghekiere

Director · since 03 juin 2017 · until 23 mars 2022

Ended

Marie-Elisabeth Ghekiere

Director · since 03 juin 2017 · until 03 juin 2023

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Micro model	Micro model	Micro model	Abridged 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	06/08/2026	30/08/2025	01/07/2024	08/06/2023	30/06/2022	09/07/2021
General meeting	06/06/2026	07/06/2025	26/06/2024	03/06/2023	04/06/2022	05/06/2021
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

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged modelCorrection	31/12/2025	06/06/2026	06/08/2026	Dutch	PDF
Abridged model	31/12/2025	06/06/2026	27/07/2026	Dutch	PDF
Abridged model	31/12/2024	07/06/2025	30/08/2025	Dutch	PDF
Micro model	31/12/2023	26/06/2024	01/07/2024	Dutch	PDF
Micro model	31/12/2022	03/06/2023	08/06/2023	Dutch	PDF
Micro model	31/12/2021	04/06/2022	30/06/2022	Dutch	PDF
Abridged model	31/12/2020	05/06/2021	09/07/2021	Dutch	PDF
Abridged model	31/12/2019	06/06/2020	28/08/2020	Dutch	PDF
Abridged model	31/12/2018	01/06/2019	22/08/2019	Dutch	PDF
Abridged model	31/12/2017	02/06/2018	29/08/2018	Dutch	PDF
Abridged model	31/12/2016	03/06/2017	25/08/2017	Dutch	PDF
Abridged model	31/12/2015	04/06/2016	24/08/2016	Dutch	PDF
Abridged model	31/12/2014	06/06/2015	13/08/2015	Dutch	PDF
Abridged model	31/12/2013	07/06/2014	26/08/2014	Dutch	PDF
Abridged model	31/12/2012	01/06/2013	10/07/2013	Dutch	PDF
Abridged model	31/12/2011	02/06/2012	31/08/2012	Dutch	PDF
Abridged model	30/09/2010	02/05/2011	31/08/2011	Dutch	PDF
Abridged model	30/09/2009	06/03/2010	02/04/2010	Dutch	PDF
Abridged model	30/09/2008	07/03/2009	29/04/2009	Dutch	PDF
Abridged model	30/09/2007	01/03/2008	29/04/2008	Dutch	PDF
Abridged model	30/09/2006	03/03/2007	30/03/2007	Dutch	PDF

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 31/12/2025 · 2 active · 20 ended

Active mandates

VAJAMA

Director · since 26 juillet 2024 · 0448.969.349

Represented by Jaak Vandekerckhove

Active

VAPAMA

Director · since 26 juillet 2024 · 0448.986.076

Represented by Paul Vandekerckhove

Active

Ended mandates

Laurens Vandekerckhove

Director · since 23 mars 2022

Ended

Ghekiere Marie

Director · since 03 juin 2017 · until 03 juin 2023

Ended

Marie-Elisabeth Ghekiere

Director · since 03 juin 2017 · until 23 mars 2022

Ended

Marie-Elisabeth Ghekiere

Director · since 03 juin 2017 · until 03 juin 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Restructuring15/09/2026
SPLITSING VAN "VARIAN" NV DOOR OVERNEMING DOOR "VAJAMA" NV
PDF
Other10/08/2026
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other22/07/2026
DIVERSEN
PDF
Other09/06/2026
DIVERSEN
PDF
Mandates17/10/2024
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/09/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - MAATSCHAPPELIJKE ZETEL - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/04/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/09/2017
ONTSLAGEN - BENOEMINGEN
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 20251 M €↑
2024
Annual accounts 2024526,3 k €↑
2023
Annual accounts 202311,4 k €↓
2022
Annual accounts 2022185 k €↓
2021
Annual accounts 2021301,8 k €↓
2020
Annual accounts 2020768,5 k €↑
2019
Annual accounts 2019265,8 k €↑
2018
Annual accounts 2018204,1 k €↑
2017
Annual accounts 20172,8 k €↓
2016
Annual accounts 20168,8 k €↓
2015
Annual accounts 201524,3 k €↑
2014
Annual accounts 2014-43,8 k €↓
2013
Annual accounts 2013502,2 k €↑
2012
Annual accounts 2012214,6 k €↑
2011
Annual accounts 2011-84 k €↑
2010
Annual accounts 2010-131,6 k €↓
2009
Annual accounts 20097,1 k €↑
2008
Annual accounts 20083,5 k €↓
2007
Annual accounts 20075 k €
18/12/1992
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

VARIAN

Overview

What does VARIAN do?

Trend over 19 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

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline