ACTIVE

VAARTS

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Financial year 2025 · closed on 31/12/2025

Net result

3 k €

-93.4% YoY

Revenue

395,3 k €

Equity

158,4 k €

+1.9% YoY

Workforce

3,8 ETP

What does VAARTS do?

VAARTS is a Private limited company incorporated in 2000. Its main activity is: Manufacture of doors and windows of metal. Its registered office is in Charleroi. It employs on average 3,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0472.693.173

Incorporation

01/09/2000

Legal form

Private limited company

Registered office

Rue Bernipré 30
6041 Charleroi · WallonieSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

3,8 ETP

Activities (NACE)

25120Manufacture of doors and windows of metal· main 25120Manufacture of doors and windows of metal 25530Forging, pressing, stamping and roll-forming of metal; powder metallurgy 25620Machining 28120Manufacture of fluid power equipment 28520Manufacture of machinery and equipment n.e.c.+3

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	395,3 k €		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	27 k €	-66.0%	79,4 k €	-6.3%	84,7 k €	+20.6%	70,2 k €	+1420%	4,6 k €	-90.8%	50,1 k €	-50.9%	102 k €	-33.6%	153,5 k €	+32.7%	115,7 k €	-8.3%	126,2 k €	-14.9%	148,3 k €	+13.2%	131 k €	+21.7%	107,6 k €	-52.5%	226,7 k €	-3.9%	235,9 k €	+139%	98,8 k €	-15.0%	116,2 k €	+52.5%	76,2 k €	+37.8%	55,3 k €	+0.3%	55,2 k €
Operating result	5,8 k €	-90.0%	58,4 k €	-1.6%	59,4 k €	+33.0%	44,6 k €	+304%	-21,9 k €	-232%	16,5 k €	-74.8%	65,7 k €	-40.3%	110,1 k €	+80.8%	60,9 k €	-30.1%	87,1 k €	-16.3%	104 k €	+18.2%	88 k €	-5.8%	93,5 k €	-55.3%	208,9 k €	+2.9%	203,1 k €	+179%	72,7 k €	-16.7%	87,3 k €	+76.7%	49,4 k €	+124%	22 k €	-34.1%	33,5 k €
Net result	3 k €	-93.4%	45,3 k €	+1.5%	44,6 k €	+60.3%	27,8 k €	+186%	-32,4 k €	-1278%	-2,4 k €	-107%	32,2 k €	-47.4%	61,2 k €	+115%	28,5 k €	-29.0%	40,1 k €	+53.6%	26,1 k €	-38.7%	42,6 k €	-14.0%	49,5 k €	-59.2%	121,5 k €	+4.7%	116,1 k €	+312%	28,2 k €	+156%	-50 k €	-331%	21,7 k €	+127%	9,6 k €	-32.2%	14,1 k €
Balance sheet
Equity	158,4 k €	+1.9%	155,4 k €	+41.1%	110,2 k €	-13.1%	126,7 k €	-59.0%	308,8 k €	-9.5%	341,3 k €	-0.7%	343,6 k €	+10.3%	311,4 k €	+24.5%	250,2 k €	+12.8%	221,8 k €	+22.1%	181,7 k €	+0.6%	180,5 k €	+7.5%	168 k €	+13.2%	148,4 k €	+93.0%	76,9 k €	+269%	20,8 k €	+384%	-7,3 k €	-117%	42,7 k €	-57.8%	101 k €	-52.2%	211,4 k €
Total assets	351,8 k €	+36.4%	257,9 k €	-45.0%	468,7 k €	-7.2%	504,9 k €	+6.8%	472,8 k €	-12.5%	540,7 k €	-14.6%	633,3 k €	+7.3%	590,3 k €	-6.3%	630,3 k €	+8.5%	580,7 k €	-6.9%	623,8 k €	-10.1%	694 k €	+45.3%	477,6 k €	-11.4%	539,2 k €	+0.7%	535,2 k €	+34.7%	397,2 k €	-1.7%	403,9 k €	+5.2%	384,1 k €	-10.6%	429,7 k €	+5.7%	406,4 k €
Cash	11,1 k €	-45.6%	20,4 k €	-76.1%	85,5 k €	-23.9%	112,3 k €	+158%	43,4 k €	-16.2%	51,8 k €	-45.1%	94,4 k €	+71.2%	55,1 k €	-11.6%	62,4 k €	+474%	10,9 k €	+69.3%	6,4 k €	-70.1%	21,5 k €	+27.2%	16,9 k €	-72.1%	60,7 k €	+14.7%	52,9 k €	+4502%	1,1 k €	+76.4%	651,6 €	-96.5%	18,6 k €	-51.6%	38,4 k €	+287%	9,9 k €
Debts	193,4 k €	+90.1%	101,7 k €	-71.4%	355,6 k €	-2.1%	363,2 k €	+126%	161,1 k €	-18.0%	196,4 k €	-31.5%	286,7 k €	+3.9%	275,9 k €	-26.8%	377,1 k €	+5.9%	356 k €	-18.9%	439,1 k €	-13.7%	508,6 k €	+171%	187,8 k €	-30.2%	268,9 k €	-20.1%	336,4 k €	+32.2%	254,5 k €	-23.2%	331,3 k €	+10.4%	300,1 k €	-8.3%	327,3 k €	+68.3%	194,5 k €
Other
Workforce	3,8 ETP		–		–		–		–		–		–		4,9 ETP	-18.3%	6,0 ETP	+15.4%	5,2 ETP	-1.9%	5,3 ETP	+6.0%	5,0 ETP	-20.6%	6,3 ETP	-16.0%	7,5 ETP	-11.8%	8,5 ETP	+18.1%	7,2 ETP	+14.3%	6,3 ETP	-26.7%	8,6 ETP	+32.3%	6,5 ETP	+44.4%	4,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 7 ended

Active mandates

Finance et Entreprises

Director · since 07 février 2025 · 0403.353.912

Represented by Eric HESELMANS

Active

Henri DE COCK

Managing director · since 07 février 2025

Active

Ended mandates

Michelle Laval

Manager · since 01 janvier 2009

Ended

Henri Vaarts

Director

Ended

Henri Vaarts

Administrator - manager

Ended

Henri Vaarts

Manager

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Micro model	Micro model	Micro model	Micro model	Micro 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	28/08/2026	25/08/2025	14/06/2024	22/08/2023	27/07/2022	29/07/2021
General meeting	19/06/2026	20/06/2025	17/05/2024	19/05/2023	20/05/2022	21/05/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	19/06/2026	28/08/2026	French	PDF
Micro model	31/12/2024	20/06/2025	25/08/2025	French	PDF
Micro model	31/12/2023	17/05/2024	14/06/2024	French	PDF
Micro model	31/12/2022	19/05/2023	22/08/2023	French	PDF
Micro model	31/12/2021	20/05/2022	27/07/2022	French	PDF
Micro model	31/12/2020	21/05/2021	29/07/2021	French	PDF
Micro model	31/12/2019	15/05/2020	10/09/2020	French	PDF
Abridged model	31/12/2018	17/05/2019	08/07/2019	French	PDF
Abridged model	31/12/2017	18/05/2018	17/07/2018	French	PDF
Abridged model	31/12/2016	19/05/2017	12/06/2017	French	PDF
Abridged model	31/12/2015	20/05/2016	16/08/2016	French	PDF
Abridged model	31/12/2014	15/05/2015	30/07/2015	French	PDF
Abridged model	31/12/2013	16/05/2014	27/08/2014	French	PDF
Abridged model	31/12/2012	17/05/2013	29/08/2013	French	PDF
Abridged model	31/12/2011	18/05/2012	31/07/2012	French	PDF
Abridged model	31/12/2010	20/05/2011	28/07/2011	French	PDF
Abridged model	31/12/2009	21/05/2010	31/08/2010	French	PDF
Abridged model	31/12/2008	15/05/2009	09/07/2009	French	PDF
Abridged model	31/12/2007	16/05/2008	26/05/2008	French	PDF
Abridged model	31/12/2006	18/05/2007	12/12/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 31/12/2025 · 2 active · 7 ended

Active mandates

Finance et Entreprises

Director · since 07 février 2025 · 0403.353.912

Represented by Eric HESELMANS

Active

Henri DE COCK

Managing director · since 07 février 2025

Active

Ended mandates

Michelle Laval

Manager · since 01 janvier 2009

Ended

Henri Vaarts

Director

Ended

Henri Vaarts

Administrator - manager

Ended

Henri Vaarts

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/03/2025
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates17/04/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Registered office16/08/2018
SIEGE SOCIAL
PDF
Mandates16/12/2008
DEMISSIONS, NOMINATIONS
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 20253 k €↓
2024
Annual accounts 202445,3 k €↑
2023
Annual accounts 202344,6 k €↑
2022
Annual accounts 202227,8 k €↑
2021
Annual accounts 2021-32,4 k €↓
2020
Annual accounts 2020-2,4 k €↓
2019
Annual accounts 201932,2 k €↓
2018
Annual accounts 201861,2 k €↑
2017
Annual accounts 201728,5 k €↓
2016
Annual accounts 201640,1 k €↑
2015
Annual accounts 201526,1 k €↓
2014
Annual accounts 201442,6 k €↓
2013
Annual accounts 201349,5 k €↓
2012
Annual accounts 2012121,5 k €↑
2011
Annual accounts 2011116,1 k €↑
2010
Annual accounts 201028,2 k €↑
2009
Annual accounts 2009-50 k €↓
2008
Annual accounts 200821,7 k €↑
2007
Annual accounts 20079,6 k €↓
2006
Annual accounts 200614,1 k €
01/09/2000
IncorporationPrivate 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

VAARTS

Overview

What does VAARTS do?

Trend over 20 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