ACTIVE

VARUFLEX

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Financial year 2024 · closed on 31/12/2024

Net result

815,9 k €

+287.7% YoY

Gross margin

1,3 M €

+171.1% YoY

Equity

1,4 M €

+142.7% YoY

Workforce

3,0 ETP

0.0% YoY

What does VARUFLEX do?

VARUFLEX is a Public limited company incorporated in 2009. Its main activity is: Manufacture of other fabricated metal products n.e.c.. Its registered office is in Sint-Katelijne-Waver. It employs on average 3,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0819.076.809

Incorporation

28/09/2009

Legal form

Public limited company

Registered office

Drevendaal 32
2860 Sint-Katelijne-Waver · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2024

Average workforce

3,0 ETP

Activities (NACE)

25999Manufacture of other fabricated metal products n.e.c.· main 25999Manufacture of other fabricated metal products n.e.c.46649Wholesale of machinery for the textile industry and of sewing and knitting machines 46699Wholesale of other machinery and equipment 28293Manufacture of other general-purpose machinery n.e.c.28293Manufacture of other general-purpose machinery n.e.c.+8

Joint committees (5)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	1,3 M €	+171%	484,2 k €	+55.5%	311,4 k €	+23.3%	252,7 k €	-8.7%	276,8 k €	+29.3%	214,1 k €	-0.4%	215,1 k €	+30.0%	165,5 k €	+45.3%	113,9 k €	-39.8%	189,1 k €	-7.9%	205,3 k €	-44.2%	368 k €	+33.2%	276,3 k €	+10.6%	249,8 k €	+21.0%	206,6 k €
EBITDA	1,1 M €	+280%	297,7 k €	+115%	138,7 k €	+42.2%	97,5 k €	-32.4%	144,3 k €	+81.2%	79,6 k €	-2.3%	81,5 k €	+142%	33,6 k €	+32.5%	25,4 k €	-71.6%	89,5 k €	+301%	22,3 k €	-65.7%	65 k €	+160%	25 k €	-59.9%	62,2 k €	+33.2%	46,7 k €
Operating result	1,1 M €	+288%	290,2 k €	+132%	125,3 k €	+54.6%	81 k €	-34.1%	122,9 k €	+86.4%	65,9 k €	+5.2%	62,7 k €	+208%	20,3 k €	+29.6%	15,7 k €	-81.2%	83,4 k €	+1398%	5,6 k €	-87.3%	43,8 k €	+682%	-7,5 k €	-125%	30 k €	+260%	8,3 k €
Net result	815,9 k €	+288%	210,4 k €	+157%	82 k €	+47.1%	55,7 k €	-31.4%	81,2 k €	+74.5%	46,5 k €	+25.3%	37,1 k €	+170%	13,8 k €	+184%	4,8 k €	-84.9%	32 k €	+638%	-5,9 k €	-17960%	33,3 €	+100%	-24,8 k €	-181%	-8,8 k €	+39.3%	-14,5 k €
Balance sheet
Equity	1,4 M €	+143%	571,6 k €	+58.3%	361,2 k €	+29.3%	279,2 k €	+24.9%	223,5 k €	+57.1%	142,3 k €	+48.6%	95,7 k €	+63.4%	58,6 k €	+30.7%	44,8 k €	+12.1%	40 k €	+403%	8 k €	-42.8%	13,9 k €	+0.2%	13,9 k €	-64.1%	38,6 k €	-18.6%	47,5 k €
Total assets	2,9 M €	+36.6%	2,2 M €	+24.3%	1,7 M €	+0.5%	1,7 M €	+38.6%	1,2 M €	-5.1%	1,3 M €	+6.4%	1,2 M €	-7.3%	1,3 M €	+6.8%	1,2 M €	+23.2%	1 M €	-17.4%	1,2 M €	+55.9%	786,7 k €	+14.6%	686,2 k €	+9.3%	628,1 k €	-8.8%	688,9 k €
Cash	1,2 M €	+15.4%	1 M €	+153%	397,1 k €	+20.8%	328,7 k €	+18.9%	276,6 k €	-16.8%	332,2 k €	+23.2%	269,6 k €	+87.7%	143,6 k €	+33.0%	108 k €	+32.0%	81,8 k €	-14.2%	95,4 k €	-4.0%	99,3 k €	+194%	33,8 k €	+8796%	380,4 €	-99.7%	114,6 k €
Debts	1,6 M €	-1.7%	1,6 M €	+15.4%	1,4 M €	-5.0%	1,4 M €	+41.6%	1 M €	-12.7%	1,2 M €	+2.8%	1,1 M €	-10.6%	1,3 M €	+5.9%	1,2 M €	+23.7%	973,1 k €	-20.1%	1,2 M €	+57.7%	772,6 k €	+15.0%	672 k €	+14.0%	589,4 k €	-8.1%	641,4 k €
Other
Workforce	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	+7.1%	2,8 ETP	+40.0%	2,0 ETP	0.0%	2,0 ETP	+42.9%	1,4 ETP	-75.9%	5,8 ETP	+16.0%	5,0 ETP	+19.0%	4,2 ETP	+10.5%	3,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 8 ended

Active mandates

Bettina Triest

Managing director

Active

Marcella Thijs

Director

Active

Ended mandates

Bettina TRIEST

Managing director · since 27 janvier 2014 · until 27 janvier 2020

Ended

Hubert TRIEST

Director · since 27 janvier 2014 · until 27 janvier 2020

Ended

Marcella THIJS

Director · since 27 janvier 2014 · until 27 janvier 2020

Ended

Erik Covers

Managing director · since 18 août 2011 · until 18 juin 2016

Ended

At this address

Other companies at this address

Company	CBE no.
GENERAL EQUIPMENTS● Active	0432.672.359

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	25/09/2025	28/08/2024	06/07/2023	29/08/2022	30/08/2021	28/08/2020
General meeting	21/06/2025	15/06/2024	17/06/2023	18/06/2022	19/06/2021	20/06/2020
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

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	21/06/2025	25/09/2025	Dutch	PDF
Abridged model	31/12/2023	15/06/2024	28/08/2024	Dutch	PDF
Abridged model	31/12/2022	17/06/2023	06/07/2023	Dutch	PDF
Abridged model	31/12/2021	18/06/2022	29/08/2022	Dutch	PDF
Abridged model	31/12/2020	19/06/2021	30/08/2021	Dutch	PDF
Abridged model	31/12/2019	20/06/2020	28/08/2020	Dutch	PDF
Abridged model	31/12/2018	15/06/2019	28/08/2019	Dutch	PDF
Abridged model	31/12/2017	16/06/2018	29/08/2018	Dutch	PDF
Abridged model	31/12/2016	17/06/2017	21/08/2017	Dutch	PDF
Abridged model	31/12/2015	18/06/2016	11/07/2016	Dutch	PDF
Abridged model	31/12/2014	06/06/2015	07/08/2015	Dutch	PDF
Abridged model	31/12/2013	05/02/2014	06/02/2014	Dutch	PDF
Abridged model	31/12/2012	15/06/2013	30/07/2013	Dutch	PDF
Abridged model	31/12/2011	16/06/2012	17/07/2012	Dutch	PDF
Abridged model	31/12/2010	18/02/2011	14/03/2011	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 · 2 active · 8 ended

Active mandates

Bettina Triest

Managing director

Active

Marcella Thijs

Director

Active

Ended mandates

Bettina TRIEST

Managing director · since 27 janvier 2014 · until 27 janvier 2020

Ended

Hubert TRIEST

Director · since 27 janvier 2014 · until 27 janvier 2020

Ended

Marcella THIJS

Director · since 27 janvier 2014 · until 27 janvier 2020

Ended

Erik Covers

Managing director · since 18 août 2011 · until 18 juin 2016

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other02/10/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates16/12/2021
ONTSLAGEN - BENOEMINGEN
PDF
Registered office08/05/2014
MAATSCHAPPELIJKE ZETEL
PDF
Mandates11/02/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/10/2011
ONTSLAGEN - BENOEMINGEN
PDF
Other09/10/2009
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

2024
Annual accounts 2024815,9 k €↑
2023
Annual accounts 2023210,4 k €↑
2022
Annual accounts 202282 k €↑
2021
Annual accounts 202155,7 k €↓
2020
Annual accounts 202081,2 k €↑
2019
Annual accounts 201946,5 k €↑
2018
Annual accounts 201837,1 k €↑
2017
Annual accounts 201713,8 k €↑
2016
Annual accounts 20164,8 k €↓
2015
Annual accounts 201532 k €↑
2014
Annual accounts 2014-5,9 k €↓
2013
Annual accounts 201333,3 €↑
2012
Annual accounts 2012-24,8 k €↓
2011
Annual accounts 2011-8,8 k €↑
2010
Annual accounts 2010-14,5 k €
28/09/2009
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

VARUFLEX

Overview

What does VARUFLEX do?

Trend over 15 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