ACTIVE

Varo Energy Tankstorage

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Financial year 2025 · Closed on 31/12/2025

Net result1,6 M €+285,3 %over 1 year
Revenue15,9 M €-2,2 %over 1 year
Equity23,7 M €+7,1 %over 1 year
Workforce11,3 ETP+7,6 %over 1 year

Identity

Source · BCE/KBO

Varo Energy Tankstorage is a Public limited company incorporated in 1993. Its main activity is: Wholesale of solid, liquid and gaseous fuels and related products. Its registered office is in Gent. It employs on average 11,3 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0450.540.353
Incorporation
03/08/1993
Legal form
Public limited company
Registered office
Wiedauwkaai 75
9000 Gent · FlandreSee on map
Contributed capital
14 207 462,28 €
Latest accounts
31/12/2025
Average workforce
11,3 ETP
Joint committees (3)
  • 117
  • 211
  • 21100
Signals
ProfitableSolid equityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 21 filings

Trend over 19 financial years

20252024202320222021
Income statement
Revenue15,9 M €16,3 M €14,2 M €14,3 M €13 M €
EBITDA6,3 M €7,1 M €5,5 M €5,4 M €5,4 M €
Operating result2,3 M €955,6 k €808,2 k €807 k €735,1 k €
Net result1,6 M €410 k €432,5 k €504,7 k €112,5 k €
Balance sheet
Equity23,7 M €22,1 M €21,7 M €21,3 M €20,8 M €
Total assets32,8 M €31,4 M €30,6 M €32 M €31,4 M €
Cash66,7 €39,5 €–0 €26,4 €
Debts6 M €6,5 M €7 M €8,3 M €8,5 M €
Other
Workforce11,3 ETP10,5 ETP6,8 ETP6,8 ETP5,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 28 ended

Active mandates

Bernardus Matheus Maria Bart van den Broek

Director · since 13 novembre 2025 · until 02 juin 2031

Active
Jan Claes

Director · since 04 avril 2022 · until 13 novembre 2025

Active
Cornelis Gregory (Sacha) KONAN

Director · since 20 mai 2021 · until 31 juillet 2026

Active
Reinier Hendrik (Rene) SMAAL

Director · since 20 mai 2021 · until 31 juillet 2026

Active

Ended mandates

Jan Claes

Director · since 04 avril 2022 · until 01 juin 2027

Ended
Cornelis Gregory (Sacha) Konan

Director · since 20 mai 2021 · until 01 juin 2027

Ended
Cornelis Gregory (Sacha) KONAN

Director · since 20 mai 2021 · until 01 juin 2026

Ended
Cronelis Gregory (Sacha) KONAN

Director · since 20 mai 2021 · until 01 juin 2026

Ended

Other companies at this address

Wiedauwkaai 75 9000 Gent
CompanyCBE no.
Nefco Belgium● Active
0862.498.759
OILINMOTION● Active
0864.564.463
Varo Energy Belgium● Active
0832.275.836

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date03/08/202604/07/202510/07/202418/07/202319/07/202206/08/2021
General meeting31/07/202604/07/202528/06/202414/07/202330/06/202216/07/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202531/07/202603/08/2026DutchPDF
Full model31/12/202404/07/202504/07/2025DutchPDF
Full model31/12/202328/06/202410/07/2024DutchPDF
Full model31/12/202214/07/202318/07/2023DutchPDF
Full model31/12/202130/06/202219/07/2022DutchPDF
Full model31/12/202016/07/202106/08/2021DutchPDF
Full model31/12/201918/12/202022/01/2021DutchPDF
Full model31/12/201812/07/201917/10/2019DutchPDF
Full model31/12/201707/09/201830/10/2018DutchPDF
Full model31/12/201628/11/201719/12/2017DutchPDF
Full model31/12/201522/12/201617/01/2017DutchPDF
Full model31/12/201406/11/201513/11/2015DutchPDF
Full model31/12/201325/09/201430/09/2014DutchPDF
Full model31/12/201230/06/201404/07/2014DutchPDF
Full model31/12/201130/06/201404/07/2014DutchPDF
Full model31/12/201028/09/201214/12/2012DutchPDF
Full model31/12/200920/10/201028/10/2010DutchPDF
Full model31/12/200825/07/200925/08/2009DutchPDF
Full model31/12/200730/10/200806/11/2008DutchPDF
Full model31/12/200631/10/200709/11/2007DutchPDF
Full model31/12/200516/03/200729/03/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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.

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 28 ended

Active mandates

Bernardus Matheus Maria Bart van den Broek

Director · since 13 novembre 2025 · until 02 juin 2031

Active
Jan Claes

Director · since 04 avril 2022 · until 13 novembre 2025

Active
Cornelis Gregory (Sacha) KONAN

Director · since 20 mai 2021 · until 31 juillet 2026

Active
Reinier Hendrik (Rene) SMAAL

Director · since 20 mai 2021 · until 31 juillet 2026

Active

Ended mandates

Jan Claes

Director · since 04 avril 2022 · until 01 juin 2027

Ended
Cornelis Gregory (Sacha) Konan

Director · since 20 mai 2021 · until 01 juin 2027

Ended
Cornelis Gregory (Sacha) KONAN

Director · since 20 mai 2021 · until 01 juin 2026

Ended
Cronelis Gregory (Sacha) KONAN

Director · since 20 mai 2021 · until 01 juin 2026

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates01/12/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates14/11/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates09/02/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates19/07/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates18/06/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/08/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other03/12/2019
    DIVERSEN
    PDF
  • Mandates08/05/2018
    ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 20251,6 M €↑
  2. 13/11/2025
    nominationBernardus Matheus Maria (Bart) van den Broek — bestuurder
  3. 29/10/2025
    reconductionOlaf Janssen — commissaris
  4. 2024
    Annual accounts 2024410 k €↓
  5. 2023
    Annual accounts 2023432,5 k €↓
  6. 2022
    Annual accounts 2022504,7 k €↑
  7. 22/11/2022
    reconductionOlaf Janssen — commissaris
  8. 04/04/2022
    nominationJan Claes — bestuurder
  9. 2021
    Annual accounts 2021112,5 k €↓
  10. 2020
    Annual accounts 2020202 k €↑
  11. 2019
    Annual accounts 2019-224,3 k €↓
  12. 2018
    Annual accounts 201828,2 k €↓
  13. 2017
    Annual accounts 2017926,2 k €↓
  14. 2016
    Annual accounts 20163,7 M €↑
  15. 2016
    Name changeVaro Energy Tankstorage
  16. 2014
    Annual accounts 20141,9 M €↓
  17. 2013
    Annual accounts 20132,5 M €↑
  18. 2012
    Annual accounts 20122,4 M €↓
  19. 2011
    Annual accounts 20113 M €↑
  20. 2011
    Name changeArgos Storage Belgium
  21. 2010
    Annual accounts 2010264,9 k €↓
  22. 2010
    Name changeNORTH SEA GROUP STORAGE
  23. 2009
    Annual accounts 20097,2 M €↑
  24. 2008
    Annual accounts 20084,5 M €↓
  25. 2007
    Annual accounts 20077 M €↑
  26. 2006
    Annual accounts 2006757,8 k €
  27. 2006
    Name changeVAN DER SLUIJS GROUP BELGIUM
  28. 03/08/1993
    IncorporationPublic limited company