ACTIVE

VARO-IMMO

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Financial year 2025 · closed on 31/12/2025

Net result

109,9 k €

+4.0% YoY

Gross margin

613,2 k €

+2.0% YoY

Equity

255,5 k €

0.0% YoY

Workforce

0,0 ETP

-100.0% YoY

What does VARO-IMMO do?

VARO-IMMO is a Private limited company incorporated in 2010. Its registered office is in Lummen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0823.347.084

Incorporation

23/02/2010

Legal form

Private limited company

Registered office

Processieweg 67
3560 Lummen · FlandreSee on map

Contributed capital

75 000,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Joint committees (2)

307
30700

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 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	613,2 k €	+2.0%	601,2 k €	+25.7%	478,3 k €	+2.8%	465,1 k €	+12.6%	413,1 k €	-6.6%	442,2 k €	+8.4%	408 k €	-5.4%	431,4 k €	-4.2%	450,2 k €	+19.8%	375,6 k €	+5.8%	355,1 k €	+21.0%	293,5 k €	+57.0%	186,9 k €	+72.7%	108,2 k €	+35.5%	79,9 k €	+5.3%	75,9 k €
EBITDA	226,2 k €	-8.0%	245,8 k €	+206%	80,4 k €	-29.0%	113,2 k €	-20.7%	142,9 k €	-19.3%	177,1 k €	+8.7%	162,9 k €	-7.2%	175,6 k €	-27.8%	243,2 k €	+32.3%	183,8 k €	+19.4%	153,9 k €	+13.6%	135,5 k €	+7.9%	125,6 k €	+103%	62 k €	+60.7%	38,6 k €	+2.8%	37,5 k €
Operating result	181,4 k €	+3.5%	175,2 k €	+629%	24 k €	+12.9%	21,3 k €	-23.7%	27,9 k €	-55.4%	62,5 k €	+32.9%	47 k €	-15.4%	55,6 k €	-54.4%	122,1 k €	+81.5%	67,3 k €	+50.3%	44,8 k €	-5.9%	47,6 k €	+33.5%	35,6 k €	+127%	15,7 k €	+46.4%	10,7 k €	+65.3%	6,5 k €
Net result	109,9 k €	+4.0%	105,6 k €	+55024%	191,6 €	-90.0%	1,9 k €	-74.8%	7,6 k €	-75.7%	31,2 k €	+63.1%	19,1 k €	-12.1%	21,8 k €	-60.7%	55,3 k €	+169%	20,6 k €	+122%	9,3 k €	+446%	1,7 k €	-90.0%	17,1 k €	+436%	3,2 k €	+220%	-2,6 k €	+77.0%	-11,5 k €
Balance sheet
Equity	255,5 k €	0.0%	255,5 k €	+2.3%	249,8 k €	+0.1%	249,6 k €	+0.8%	247,7 k €	+3.2%	240,1 k €	+14.9%	208,9 k €	+10.1%	189,8 k €	+13.0%	168 k €	+49.1%	112,7 k €	+22.4%	92,1 k €	+11.2%	82,8 k €	+2.1%	81,1 k €	+26.6%	64 k €	+5.2%	60,8 k €	-4.2%	63,5 k €
Total assets	898,3 k €	-7.3%	969,4 k €	+7.7%	900,1 k €	+52.4%	590,5 k €	-10.5%	659,8 k €	-9.8%	731,5 k €	-8.1%	795,9 k €	-15.1%	937,8 k €	-11.8%	1,1 M €	-3.6%	1,1 M €	-7.6%	1,2 M €	+54.0%	775,6 k €	-8.0%	842,7 k €	+70.9%	493,1 k €	+35.6%	363,5 k €	-8.5%	397,3 k €
Cash	135,6 k €	-27.1%	185,9 k €	+530%	29,5 k €	-13.3%	34 k €	-26.3%	46,2 k €	-56.4%	106 k €	+87.1%	56,6 k €	-37.5%	90,7 k €	-8.9%	99,5 k €	+126%	44 k €	-13.2%	50,7 k €	+237%	15,1 k €	-56.4%	34,6 k €	+212%	11,1 k €	-44.8%	20 k €	-13.5%	23,2 k €
Debts	642,9 k €	-10.0%	714 k €	+9.8%	650,3 k €	+90.8%	340,9 k €	-17.3%	412,1 k €	-16.1%	491,4 k €	-16.3%	587 k €	-21.5%	748 k €	-16.4%	895,1 k €	-9.6%	990,3 k €	-10.1%	1,1 M €	+59.1%	692,8 k €	-9.0%	761,6 k €	+77.5%	429 k €	+41.7%	302,7 k €	-5.2%	319,4 k €
Other
Workforce	0,0 ETP	-100%	4,8 ETP		0,0 ETP	-100%	4,8 ETP	+4.3%	4,6 ETP		–		–		–		–		4,2 ETP	+16.7%	3,6 ETP	+2.9%	3,5 ETP	+106%	1,7 ETP	+41.7%	1,2 ETP	+33.3%	0,9 ETP	0.0%	0,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 19 ended

Active mandates

VARO

Director · since 22 février 2010 · 0822.253.657

Represented by Rob VANWEZEMAEL

Active

HEIDI WUESTENBERGS

Director · 0553.653.927

Represented by Heidi Wuestenbergs

Active

Ended mandates

HEIDI WUESTENBERGS

Director · since 01 janvier 2015 · 0553.653.927

Represented by Heidi WUESTENBERGS

Ended

Robert VANWEZEMAEL

Director · since 01 janvier 2013

Ended

VARO

Director · since 22 février 2010 · 0822.253.657

Represented by Vanwezenmael ROB

Ended

VARO

Manager · since 22 février 2010 · 0822.253.657

Represented by Rob Vanwezemael

Ended

At this address

Other companies at this address

Company	CBE no.
VARO● Active	0822.253.657

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	26/08/2026	08/08/2025	31/07/2024	24/10/2023	23/11/2022	30/10/2021
General meeting	30/06/2026	27/06/2025	28/06/2024	30/06/2023	08/07/2022	18/06/2021
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

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	26/08/2026	Dutch	PDF
Abridged model	31/12/2024	27/06/2025	08/08/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	31/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	24/10/2023	Dutch	PDF
Abridged model	31/12/2021	08/07/2022	23/11/2022	Dutch	PDF
Micro model	31/12/2020	18/06/2021	30/10/2021	Dutch	PDF
Micro model	31/12/2019	19/06/2020	03/09/2020	Dutch	PDF
Micro model	31/12/2018	21/06/2019	19/05/2020	Dutch	PDF
Micro model	31/12/2017	15/06/2018	30/09/2018	Dutch	PDF
Abridged model	31/12/2016	16/06/2017	30/08/2017	Dutch	PDF
Abridged model	31/12/2015	17/06/2016	30/08/2016	Dutch	PDF
Abridged model	31/12/2014	19/06/2015	07/08/2015	Dutch	PDF
Abridged model	31/12/2013	20/06/2014	29/07/2014	Dutch	PDF
Abridged model	31/12/2012	21/06/2013	29/08/2013	Dutch	PDF
Abridged model	31/12/2011	15/06/2012	25/07/2012	Dutch	PDF
Abridged model	31/12/2010	30/08/2011	31/08/2011	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 2 active · 19 ended

Active mandates

VARO

Director · since 22 février 2010 · 0822.253.657

Represented by Rob VANWEZEMAEL

Active

HEIDI WUESTENBERGS

Director · 0553.653.927

Represented by Heidi Wuestenbergs

Active

Ended mandates

HEIDI WUESTENBERGS

Director · since 01 janvier 2015 · 0553.653.927

Represented by Heidi WUESTENBERGS

Ended

Robert VANWEZEMAEL

Director · since 01 janvier 2013

Ended

VARO

Director · since 22 février 2010 · 0822.253.657

Represented by Vanwezenmael ROB

Ended

VARO

Manager · since 22 février 2010 · 0822.253.657

Represented by Rob Vanwezemael

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/08/2026
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/07/2026
ONTSLAGEN - BENOEMINGEN
PDF
Other30/03/2026
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - DOEL
PDF
Other07/12/2023
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates26/04/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/12/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/03/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/09/2014
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 2025109,9 k €↑
2025
Name changeVARO-IMMO
2024
Annual accounts 2024105,6 k €↑
2023
Annual accounts 2023191,6 €↓
2022
Annual accounts 20221,9 k €↓
2021
Annual accounts 20217,6 k €↓
2021
Name changeW & V Verzekeringen
2020
Annual accounts 202031,2 k €↑
2019
Annual accounts 201919,1 k €↓
2018
Annual accounts 201821,8 k €↓
2017
Annual accounts 201755,3 k €↑
2016
Annual accounts 201620,6 k €↑
2015
Annual accounts 20159,3 k €↑
2014
Annual accounts 20141,7 k €↓
2013
Annual accounts 201317,1 k €↑
2012
Annual accounts 20123,2 k €↑
2011
Annual accounts 2011-2,6 k €↑
2010
Annual accounts 2010-11,5 k €
23/02/2010
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

VARO-IMMO

Overview

What does VARO-IMMO do?

Trend over 16 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