ACTIVE

VARDA

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Financial year 2025 · closed on 31/12/2025

Net result

819,2 k €

+16.1% YoY

Gross margin

1,8 M €

+10.5% YoY

Equity

762,9 k €

+39.1% YoY

Workforce

10,1 ETP

-1.9% YoY

What does VARDA do?

VARDA is a Private limited company incorporated in 2002. Its main activity is: Electrical installation. Its registered office is in Antwerpen. It employs on average 10,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0479.122.788

Incorporation

23/12/2002

Legal form

Private limited company

Registered office

Adolf Greinerstraat 12
2660 Antwerpen · FlandreSee on map

Contributed capital

60 000,00 €

Latest accounts

31/12/2025

Average workforce

10,1 ETP

Activities (NACE)

43211Electrical installation· main 43211Electrical installation 45310Wholesale trade of motor vehicle parts and accessories 46473Wholesale of furniture, carpets and lighting equipment 46474Wholesale of furniture, carpets and lighting equipment 46643Wholesale of machinery for the textile industry and of sewing and knitting machines+2

Joint committees (2)

14901
218

Signals

ProfitableLow riskPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

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
Gross margin	1,8 M €	+10.5%	1,7 M €	-8.9%	1,8 M €	+102%	907,4 k €	+20.3%	754 k €	+3.3%	729,8 k €	+31.7%	554 k €	+17.0%	473,6 k €	-1.4%	480,2 k €	+28.6%	373,5 k €	+14.8%	325,3 k €	+0.4%	324 k €	+1.6%	318,8 k €	-2.8%	328,2 k €	+12.9%	290,7 k €	-20.4%	365,1 k €	+14.5%	318,9 k €	+35.9%	234,7 k €	+4.9%	223,8 k €	+22.1%	183,3 k €
EBITDA	1,2 M €	+15.5%	1 M €	-12.2%	1,1 M €	+287%	294,6 k €	+60.4%	183,7 k €	-1.0%	185,6 k €	+63.1%	113,8 k €	+166%	42,8 k €	+78.5%	24 k €	-31.5%	35 k €	+550%	5,4 k €	+4.7%	5,1 k €	-77.0%	22,4 k €	+336%	5,1 k €	-29.7%	7,3 k €	-93.7%	116,2 k €	+1.7%	114,2 k €	+41.8%	80,5 k €	+6.9%	75,3 k €	-4.1%	78,5 k €
Operating result	1,1 M €	+15.5%	968,9 k €	-13.1%	1,1 M €	+306%	274,7 k €	+62.8%	168,7 k €	-7.4%	182,2 k €	+66.8%	109,2 k €	+226%	33,5 k €	+168%	12,5 k €	-48.2%	24,1 k €	+5196%	455 €	-78.5%	2,1 k €	-89.0%	19,2 k €	+456%	3,4 k €	-38.6%	5,6 k €	-94.9%	109,7 k €	+6.8%	102,8 k €	+65.5%	62,1 k €	+5.3%	59 k €	-0.3%	59,2 k €
Net result	819,2 k €	+16.1%	705,7 k €	-14.7%	827,7 k €	+331%	191,9 k €	+47.6%	130 k €	-18.4%	159,3 k €	+112%	75,1 k €	+346%	16,8 k €	+978%	1,6 k €	-80.9%	8,2 k €	+1309%	580 €	-39.9%	965 €	-91.0%	10,7 k €	+121%	4,8 k €	+207%	1,6 k €	-98.5%	103,7 k €	+5.8%	98,1 k €	+94.2%	50,5 k €	+2.2%	49,4 k €	-11.4%	55,8 k €
Balance sheet
Equity	762,9 k €	+39.1%	548,5 k €	+1.0%	542,8 k €	-29.1%	765,1 k €	+33.5%	573,2 k €	+14.6%	500,2 k €	+5.1%	475,9 k €	+5.6%	450,8 k €	+3.9%	434 k €	+0.4%	432,4 k €	+1.9%	424,3 k €	+0.1%	423,7 k €	+0.2%	422,7 k €	+2.6%	412 k €	+1.2%	407,2 k €	+0.4%	405,6 k €	+34.4%	301,9 k €	+48.1%	203,9 k €	+32.9%	153,4 k €	+47.2%	104,2 k €
Total assets	3,2 M €	+9.7%	2,9 M €	-13.2%	3,4 M €	+27.3%	2,7 M €	+60.9%	1,7 M €	+5.8%	1,6 M €	+36.9%	1,1 M €	-15.8%	1,4 M €	+55.2%	872,9 k €	-11.8%	989,9 k €	-9.4%	1,1 M €	+33.5%	818,2 k €	-14.0%	951 k €	+10.7%	858,9 k €	+14.0%	753,6 k €	-25.8%	1 M €	+32.2%	768,5 k €	+12.2%	684,7 k €	+17.3%	584 k €	+39.3%	419,2 k €
Cash	741,8 k €	+0.8%	735,8 k €	-16.0%	875,6 k €	+25.3%	698,5 k €	+59.4%	438,1 k €	+14.2%	383,7 k €	+30.0%	295,1 k €	+78.7%	165,1 k €	-15.3%	194,9 k €	-30.8%	281,8 k €	-23.0%	366,1 k €	+177%	132,4 k €	-67.5%	406,9 k €	+255%	114,7 k €	-55.9%	260,3 k €	+6.4%	244,7 k €	-9.1%	269,1 k €	+162%	102,7 k €	-28.8%	144,4 k €	+133%	61,9 k €
Debts	2,5 M €	+2.9%	2,4 M €	-15.9%	2,8 M €	+50.1%	1,9 M €	+75.4%	1,1 M €	+1.6%	1,1 M €	+59.6%	664,1 k €	-26.5%	903,8 k €	+106%	438,9 k €	-21.3%	557,5 k €	-11.0%	626,7 k €	+62.3%	386,2 k €	-26.9%	528,3 k €	+18.2%	446,8 k €	+29.0%	346,4 k €	-43.2%	610,1 k €	+30.8%	466,6 k €	+9.8%	425,1 k €	+16.0%	366,4 k €	+22.3%	299,7 k €
Other
Workforce	10,1 ETP	-1.9%	10,3 ETP	+3.0%	10,0 ETP	+8.7%	9,2 ETP	-9.8%	10,2 ETP	+1.0%	10,1 ETP	+34.7%	7,5 ETP	-5.1%	7,9 ETP		–		7,0 ETP	+20.7%	5,8 ETP	0.0%	5,8 ETP	0.0%	5,8 ETP	0.0%	5,8 ETP	+26.1%	4,6 ETP	0.0%	4,6 ETP	0.0%	4,6 ETP	+21.1%	3,8 ETP	0.0%	3,8 ETP	+40.7%	2,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 17 ended

Active mandates

ACS Consulting

Director · since 10 février 2025 · 0465.086.492

Represented by Hoste Stephan

Active

ELTO 73

Director · since 12 juin 2023 · 0895.787.575

Represented by Van den Bergh Tom

Active

ES CONSULTING

Director · since 12 juin 2023 · 0521.782.893

Represented by Vandevenne Patrick

Active

Nearo

Director · since 12 juin 2023 · 0825.842.261

Represented by Karl Creemers

Active

Ended mandates

S3-GEVITEC

Director · since 12 juin 2023 · 0787.552.205

Represented by Jan De Groof

Ended

S3-GEVITEC

Director · since 12 juin 2023 · until 10 février 2025 · 0787.552.205

Represented by Jan De Groof

Ended

ELTO 73

Director · since 01 juin 2020 · 0895.787.575

Represented by Tom Van den Bergh

Ended

ELTO 73

Director · since 01 juin 2020 · 0895.787.575

Represented by Tom Van den Bergh

Ended

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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	01/01/2025	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	07/04/2026	03/07/2025	02/07/2024	22/06/2023	29/07/2022	30/07/2021
General meeting	31/03/2026	02/06/2025	03/06/2024	05/06/2023	30/06/2022	30/06/2021
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 model	31/12/2025	31/03/2026	07/04/2026	Dutch	PDF
Abridged model	31/12/2024	02/06/2025	03/07/2025	Dutch	PDF
Abridged model	31/12/2023	03/06/2024	02/07/2024	Dutch	PDF
Abridged model	31/12/2022	05/06/2023	22/06/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	29/07/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	30/07/2021	Dutch	PDF
Abridged model	31/12/2019	30/06/2020	30/09/2020	Dutch	PDF
Abridged model	31/12/2018	03/06/2019	26/06/2019	Dutch	PDF
Abridged model	31/12/2017	21/06/2018	21/08/2018	Dutch	PDF
Abridged model	31/12/2016	20/09/2017	28/09/2017	Dutch	PDF
Abridged model	31/12/2015	29/08/2016	30/08/2016	Dutch	PDF
Abridged model	31/12/2014	28/08/2015	30/09/2015	Dutch	PDF
Abridged model	31/12/2013	29/08/2014	30/09/2014	Dutch	PDF
Abridged modelCorrection	31/12/2012	30/08/2013	09/10/2013	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	31/08/2013	Dutch	PDF
Abridged model	31/12/2011	28/09/2012	28/10/2012	Dutch	PDF
Abridged model	31/12/2010	01/09/2011	30/09/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	30/07/2010	Dutch	PDF
Abridged model	31/12/2008	01/06/2009	31/08/2009	Dutch	PDF
Abridged model	31/12/2007	27/06/2008	29/08/2008	Dutch	PDF
Abridged model	31/12/2006	05/06/2007	24/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 31/12/2025 · 4 active · 17 ended

Active mandates

ACS Consulting

Director · since 10 février 2025 · 0465.086.492

Represented by Hoste Stephan

Active

ELTO 73

Director · since 12 juin 2023 · 0895.787.575

Represented by Van den Bergh Tom

Active

ES CONSULTING

Director · since 12 juin 2023 · 0521.782.893

Represented by Vandevenne Patrick

Active

Nearo

Director · since 12 juin 2023 · 0825.842.261

Represented by Karl Creemers

Active

Ended mandates

S3-GEVITEC

Director · since 12 juin 2023 · 0787.552.205

Represented by Jan De Groof

Ended

S3-GEVITEC

Director · since 12 juin 2023 · until 10 février 2025 · 0787.552.205

Represented by Jan De Groof

Ended

ELTO 73

Director · since 01 juin 2020 · 0895.787.575

Represented by Tom Van den Bergh

Ended

ELTO 73

Director · since 01 juin 2020 · 0895.787.575

Represented by Tom Van den Bergh

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/06/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/12/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/07/2020
ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
PDF
Mandates24/12/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/05/2008
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/10/2005
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 2025819,2 k €↑
2024
Annual accounts 2024705,7 k €↓
2023
Annual accounts 2023827,7 k €↑
2022
Annual accounts 2022191,9 k €↑
2021
Annual accounts 2021130 k €↓
2020
Annual accounts 2020159,3 k €↑
2019
Annual accounts 201975,1 k €↑
2018
Annual accounts 201816,8 k €↑
2017
Annual accounts 20171,6 k €↓
2016
Annual accounts 20168,2 k €↑
2015
Annual accounts 2015580 €↓
2014
Annual accounts 2014965 €↓
2013
Annual accounts 201310,7 k €↑
2012
Annual accounts 20124,8 k €↑
2011
Annual accounts 20111,6 k €↓
2010
Annual accounts 2010103,7 k €↑
2009
Annual accounts 200998,1 k €↑
2008
Annual accounts 200850,5 k €↑
2007
Annual accounts 200749,4 k €↓
2006
Annual accounts 200655,8 k €
23/12/2002
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

VARDA

Overview

What does VARDA 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