ACTIVE

VARASSE

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Financial year 2024 · closed on 31/12/2024
Net result
44,7 k €
-41.8% YoY
Gross margin
1,6 M €
-6.0% YoY
Equity
1,2 M €
+3.8% YoY
Workforce
22,1 ETP
+0.9% YoY

What does VARASSE do?

VARASSE is a Private limited company incorporated in 2009. Its main activity is: Manufacture of veneer sheets and wood-based panels. Its registered office is in Ieper. It employs on average 22,1 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0810.674.926
Incorporation
25/03/2009
Legal form
Private limited company
Registered office
Paddevijverstraat 60
8900 Ieper · FlandreSee on map
Contributed capital
20 000,00 €
Latest accounts
31/12/2024
Average workforce
22,1 ETP
Activities (NACE)
16210Manufacture of veneer sheets and wood-based panels· main16210Manufacture of veneer sheets and wood-based panels16240Manufacture of wooden containers16240Manufacture of wooden containers16230Manufacture of other builders' carpentry and joinery16230Manufacture of other builders' carpentry and joinery+4
Joint committees (4)
  • 126
  • 12600
  • 12603
  • 200
Signals
ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 6 financial years

202420232022202120192018
Income statement
Gross margin1,6 M €1,7 M €2,4 M €1,8 M €1,3 M €2,2 M €
EBITDA503,5 k €553,9 k €1,2 M €694 k €299,2 k €368,2 k €
Operating result216,8 k €271,8 k €910,4 k €489,9 k €149,8 k €143,1 k €
Net result44,7 k €76,8 k €585,3 k €272,6 k €58,2 k €6,1 k €
Balance sheet
Equity1,2 M €1,2 M €1,1 M €525,7 k €205,8 k €147,5 k €
Total assets4,1 M €4,2 M €5,5 M €4,4 M €3 M €2,6 M €
Cash106,8 k €130,7 k €236,7 k €298,6 k €7,6 k €47,1 k €
Debts2,8 M €3 M €4,4 M €3,9 M €2,8 M €2,4 M €
Other
Workforce22,1 ETP21,9 ETP22,1 ETP22,4 ETP20,8 ETP20,9 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 3 ended

Active mandates

VEHALISU

Director · since 01 janvier 2023 · 0795.359.121

Represented by Varasse VÉRONIQUE

Active

Ended mandates

VEHALISU

Director · since 01 janvier 2023 · 0795.359.121

Represented by Varasse VÉRONIQUE

Ended
Véronique Varasse

Director · since 23 mars 2009

Ended
Véronique Varasse

Manager · since 23 mars 2009

Ended
Annual accounts

Full financial information

202420232022202120202019
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202401/01/202301/01/202201/01/202101/01/202001/01/2019
Closing of the financial year31/12/202431/12/202331/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date29/08/202531/07/202401/09/202312/10/202215/07/202118/09/2020
General meeting14/06/202508/06/202410/06/202311/06/202226/06/202121/08/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

7 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202414/06/202529/08/2025DutchPDF
Abridged model31/12/202308/06/202431/07/2024DutchPDF
Abridged model31/12/202210/06/202301/09/2023DutchPDF
Abridged model31/12/202111/06/202212/10/2022DutchPDF
Abridged model31/12/202026/06/202115/07/2021DutchPDF
Abridged model31/12/201921/08/202018/09/2020DutchPDF
Abridged model31/12/201829/06/201926/07/2019DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/12/2024 · 1 active · 3 ended

Active mandates

VEHALISU

Director · since 01 janvier 2023 · 0795.359.121

Represented by Varasse VÉRONIQUE

Active

Ended mandates

VEHALISU

Director · since 01 janvier 2023 · 0795.359.121

Represented by Varasse VÉRONIQUE

Ended
Véronique Varasse

Director · since 23 mars 2009

Ended
Véronique Varasse

Manager · since 23 mars 2009

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates14/12/2023
    WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/02/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/01/2018
    BENAMING - ONTSLAGEN - BENOEMINGEN - BOEKJAAR - WIJZIGING RECHTSVORM
    PDF
  • Mandates30/11/2016
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates10/01/2013
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other02/04/2009
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2024
    Annual accounts 202444,7 k €↓
  2. 2023
    Annual accounts 202376,8 k €↓
  3. 2022
    Annual accounts 2022585,3 k €↑
  4. 2021
    Annual accounts 2021272,6 k €↑
  5. 2019
    Annual accounts 201958,2 k €↑
  6. 2018
    Annual accounts 20186,1 k €
  7. 25/03/2009
    IncorporationPrivate limited company