ACTIVE

VARINA

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Financial year 2024 · closed on 31/12/2024

Net result

213 k €

+246.1% YoY

Gross margin

631,9 k €

+13.7% YoY

Equity

862 k €

+26.7% YoY

Workforce

8,5 ETP

-21.3% YoY

What does VARINA do?

VARINA is a Public limited company incorporated in 1993. Its main activity is: Manufacture of plastic products. Its registered office is in Antoing. It employs on average 8,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0450.708.520

Incorporation

18/08/1993

Legal form

Public limited company

Registered office

Route de Ramecroix 18
7640 Antoing · WallonieSee on map

Contributed capital

100 000,00 €

Latest accounts

31/12/2024

Average workforce

8,5 ETP

Activities (NACE)

22260Manufacture of plastic products· main 22290Manufacture of other plastic products 25240Manufacture of tanks, reservoirs and containers of metal

Joint committees (2)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	631,9 k €	+13.7%	555,7 k €	-7.6%	601,5 k €	+11.4%	540 k €	-4.8%	567,3 k €	+0.9%	562,4 k €	-1.0%	568,1 k €	+9.1%	520,6 k €	+36.9%	380,4 k €	-51.0%	776,3 k €	-33.4%	1,2 M €	+80.6%	645,5 k €	-15.9%	767,8 k €	-36.8%	1,2 M €	+24.5%	976,3 k €	+23.3%	791,9 k €	-9.3%	873,3 k €	+21.2%	720,5 k €	-0.1%	720,9 k €
EBITDA	216 k €	+2111%	9,8 k €	+112%	-79 k €	-264%	-21,7 k €	+37.1%	-34,5 k €	-141%	84,5 k €	-57.9%	200,7 k €	-25.4%	269,1 k €	+148%	108,6 k €	-77.3%	477,6 k €	-43.3%	842,9 k €	+147%	340,8 k €	-29.8%	485,5 k €	-46.2%	903,2 k €	+31.4%	687,2 k €	+47.7%	465,4 k €	-9.6%	514,6 k €	+27.5%	403,6 k €	-5.4%	426,4 k €
Operating result	196,9 k €	+248%	-133,4 k €	+50.5%	-269,2 k €	-690%	-34,1 k €	+55.3%	-76,2 k €	-3334%	2,4 k €	-98.8%	197,2 k €	-5.0%	207,6 k €	+181%	73,8 k €	-82.7%	425,8 k €	-45.3%	777,9 k €	+182%	275,7 k €	-33.7%	415,9 k €	-50.0%	831,9 k €	+32.8%	626,6 k €	+47.6%	424,7 k €	-13.7%	491,9 k €	+31.9%	372,9 k €	-4.2%	389,4 k €
Net result	213 k €	+246%	-145,7 k €	+46.1%	-270,4 k €	-802%	-30 k €	+56.7%	-69,2 k €	-673%	12,1 k €	-91.6%	143,1 k €	-4.3%	149,6 k €	+56.6%	95,5 k €	-76.5%	406,7 k €	-35.7%	632,7 k €	+100%	316,1 k €	-29.5%	448,5 k €	-15.9%	533 k €	+12.1%	475,3 k €	+31.5%	361,4 k €	+6.7%	338,7 k €	+2.1%	331,7 k €	-4.5%	347,1 k €
Balance sheet
Equity	862 k €	+26.7%	680,5 k €	-18.8%	838,3 k €	-14.2%	977,1 k €	-3.6%	1 M €	-7.4%	1,1 M €	+17.8%	929,1 k €	+18.2%	786 k €	-81.0%	4,1 M €	-17.9%	5 M €	+8.8%	4,6 M €	+15.8%	4 M €	+3.0%	3,9 M €	+13.1%	3,4 M €	+12.5%	3,1 M €	+18.4%	2,6 M €	+16.3%	2,2 M €	+6.7%	2,1 M €	+19.0%	1,7 M €
Total assets	2,1 M €	+0.7%	2 M €	-22.7%	2,6 M €	+19.1%	2,2 M €	+2.5%	2,2 M €	-1.6%	2,2 M €	+18.9%	1,9 M €	-65.8%	5,4 M €	-0.0%	5,4 M €	-9.5%	6 M €	+7.2%	5,6 M €	+8.6%	5,1 M €	-0.1%	5,1 M €	+1.4%	5,1 M €	+6.9%	4,7 M €	+1.4%	4,7 M €	+9.7%	4,3 M €	+9.3%	3,9 M €	+12.7%	3,5 M €
Cash	19,9 k €	+697%	2,5 k €	-5.2%	2,6 k €	-96.4%	72,1 k €	+29.3%	55,7 k €	-59.7%	138,4 k €	+14.1%	121,3 k €	-96.6%	3,5 M €	+2089%	161,6 k €	-69.7%	534 k €	-6.1%	568,6 k €	+463%	101 k €	-28.0%	140,2 k €	-63.8%	387,2 k €	+34.1%	288,7 k €	-63.3%	787,8 k €	+18.1%	667 k €	+10.1%	605,9 k €	-16.4%	725 k €
Debts	991,6 k €	-0.3%	994,3 k €	-27.9%	1,4 M €	+73.1%	797 k €	+44.0%	553,6 k €	+34.4%	411,8 k €	+132%	177,5 k €	-95.3%	3,8 M €	+749%	446,7 k €	+639%	60,5 k €	+14.2%	53 k €	-78.9%	251,1 k €	+93.3%	129,9 k €	-60.8%	331,3 k €	+93.1%	171,6 k €	+6.7%	160,8 k €	-43.0%	282,2 k €	-23.5%	369 k €	+7.1%	344,5 k €
Other
Workforce	8,5 ETP	-21.3%	10,8 ETP	-16.3%	12,9 ETP	0.0%	12,9 ETP	-3.0%	13,3 ETP	+14.7%	11,6 ETP	+22.1%	9,5 ETP	+28.4%	7,4 ETP	+1.4%	7,3 ETP	-7.6%	7,9 ETP	-10.2%	8,8 ETP	-2.2%	9,0 ETP	+1.1%	8,9 ETP	-4.3%	9,3 ETP	-3.1%	9,6 ETP	-6.8%	10,3 ETP	-10.4%	11,5 ETP	+5.5%	10,9 ETP	+6.9%	10,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 3 active · 13 ended

Active mandates

Arnaud STIEVENART

Director · since 03 juin 2020

Active

INDUSTRIALE

Managing director · since 03 juin 2020 · 0669.899.024

Active

Jean-François JOUVE

Director · since 03 juin 2020

Active

Ended mandates

Arnaud STIEVENART

Director · since 02 mai 2017 · until 02 mai 2023

Ended

Arnaud STIEVENART

Managing director · since 02 mai 2017 · until 02 mai 2023

Ended

INDUSTRIALE

Managing director · since 02 mai 2017 · until 02 mai 2023 · 0669.899.024

Represented by Arnaud STIEVENART

Ended

Jean-François JOUVE

Director · since 02 mai 2017 · until 02 mai 2023

Ended

At this address

Other companies at this address

Company	CBE no.
DIGITALIS● Active	0760.696.962
INDUSTRIALE● Active	0669.899.024
MOUSSE POUR FLEURS - INTERNATIONAL● Active	0862.617.139
Starting Business Associates● Active	0880.232.141

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/07/2025	03/07/2024	30/08/2023	29/07/2022	24/08/2021	04/08/2020
General meeting	26/06/2025	04/06/2024	01/06/2023	02/06/2022	03/06/2021	04/06/2020
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

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	26/06/2025	28/07/2025	French	PDF
Abridged model	31/12/2023	04/06/2024	03/07/2024	French	PDF
Abridged model	31/12/2022	01/06/2023	30/08/2023	French	PDF
Abridged model	31/12/2021	02/06/2022	29/07/2022	French	PDF
Abridged model	31/12/2020	03/06/2021	24/08/2021	French	PDF
Abridged modelCorrection	31/12/2019	04/06/2020	04/08/2020	French	PDF
Abridged model	31/12/2019	04/06/2020	22/06/2020	French	PDF
Abridged model	31/12/2018	06/06/2019	03/07/2019	French	PDF
Abridged model	31/12/2017	07/06/2018	20/07/2018	French	PDF
Abridged model	31/12/2016	02/05/2017	22/08/2017	French	PDF
Abridged model	31/12/2015	03/06/2016	15/12/2016	French	PDF
Abridged model	31/12/2014	04/06/2015	01/10/2015	French	PDF
Abridged model	31/12/2013	05/06/2014	03/12/2014	French	PDF
Abridged model	31/12/2012	06/06/2013	03/10/2013	French	PDF
Abridged model	31/12/2011	07/06/2012	26/12/2012	French	PDF
Abridged model	31/12/2010	02/06/2011	14/03/2012	French	PDF
Abridged model	31/12/2009	03/06/2010	04/02/2011	French	PDF
Abridged model	31/12/2008	04/06/2009	23/03/2010	French	PDF
Abridged model	31/12/2007	05/06/2008	06/03/2009	French	PDF
Abridged model	31/12/2006	07/06/2007	15/04/2008	French	PDF
Abridged model	31/12/2005	01/06/2006	06/03/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 31/12/2024 · 3 active · 13 ended

Active mandates

Arnaud STIEVENART

Director · since 03 juin 2020

Active

INDUSTRIALE

Managing director · since 03 juin 2020 · 0669.899.024

Active

Jean-François JOUVE

Director · since 03 juin 2020

Active

Ended mandates

Arnaud STIEVENART

Director · since 02 mai 2017 · until 02 mai 2023

Ended

Arnaud STIEVENART

Managing director · since 02 mai 2017 · until 02 mai 2023

Ended

INDUSTRIALE

Managing director · since 02 mai 2017 · until 02 mai 2023 · 0669.899.024

Represented by Arnaud STIEVENART

Ended

Jean-François JOUVE

Director · since 02 mai 2017 · until 02 mai 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/06/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates21/06/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates10/06/2020
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates15/03/2019
DEMISSIONS, NOMINATIONS
PDF
Capital / shares12/07/2017
CAPITAL, ACTIONS
PDF
Mandates01/06/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates04/05/2009
DEMISSIONS, NOMINATIONS
PDF
Capital / shares17/11/2005
CAPITAL, ACTIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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

2024
Annual accounts 2024213 k €↑
2023
Annual accounts 2023-145,7 k €↑
2022
Annual accounts 2022-270,4 k €↓
2021
Annual accounts 2021-30 k €↑
2020
Annual accounts 2020-69,2 k €↓
2019
Annual accounts 201912,1 k €↓
2018
Annual accounts 2018143,1 k €↓
2017
Annual accounts 2017149,6 k €↑
2016
Annual accounts 201695,5 k €↓
2015
Annual accounts 2015406,7 k €↓
2014
Annual accounts 2014632,7 k €↑
2013
Annual accounts 2013316,1 k €↓
2012
Annual accounts 2012448,5 k €↓
2011
Annual accounts 2011533 k €↑
2010
Annual accounts 2010475,3 k €↑
2009
Annual accounts 2009361,4 k €↑
2008
Annual accounts 2008338,7 k €↑
2007
Annual accounts 2007331,7 k €↓
2006
Annual accounts 2006347,1 k €
18/08/1993
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

VARINA

Overview

What does VARINA do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

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