ACTIVE

VARACO

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Financial year 2024 · closed on 31/12/2024

Net result

516,9 k €

-38.4% YoY

Gross margin

879,2 k €

-31.0% YoY

Equity

3,6 M €

-15.0% YoY

What does VARACO do?

VARACO is a Private limited company incorporated in 2010. Its main activity is: Management consultancy activities. Its registered office is in Wevelgem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0831.575.753

Incorporation

02/12/2010

Legal form

Private limited company

Registered office

Kozakstraat 50
8560 Wevelgem · FlandreSee on map

Contributed capital

98 600,00 €

Latest accounts

31/12/2024

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2011
Income statement
Gross margin	879,2 k €	-31.0%	1,3 M €	-35.4%	2 M €	-2.2%	2 M €	+341%	457 k €	+9.7%	416,8 k €	+49.4%	278,9 k €	+259%	77,7 k €	+37.0%	56,7 k €	-26.3%	76,9 k €	+137%	32,4 k €	+19.1%	27,2 k €	+33.9%	20,3 k €
EBITDA	871,7 k €	-29.7%	1,2 M €	-36.8%	2 M €	-2.1%	2 M €	+348%	448,1 k €	+9.4%	409,7 k €	+49.7%	273,7 k €	+270%	73,9 k €	+39.0%	53,2 k €	-27.6%	73,4 k €	+142%	30,3 k €	+18.6%	25,6 k €	+36.7%	18,7 k €
Operating result	706,5 k €	-37.6%	1,1 M €	-40.7%	1,9 M €	-2.8%	2 M €	+383%	406,7 k €	+11.5%	364,9 k €	+1869%	18,5 k €	-57.5%	43,6 k €	+135%	18,6 k €	-57.7%	43,9 k €	+2554%	1,7 k €	-88.8%	14,8 k €	+209%	-13,5 k €
Net result	516,9 k €	-38.4%	839,3 k €	-41.1%	1,4 M €	-2.1%	1,5 M €	+403%	289,6 k €	+25.4%	231 k €	+6075%	3,7 k €	-80.9%	19,6 k €	+752%	2,3 k €	-91.5%	27 k €	+403%	-8,9 k €	-229%	6,9 k €	+131%	-22 k €
Balance sheet
Equity	3,6 M €	-15.0%	4,2 M €	+21.2%	3,5 M €	+65.9%	2,1 M €	+226%	644,7 k €	+81.5%	355,1 k €	+186%	124,1 k €	+3.1%	120,4 k €	+19.4%	100,8 k €	+2.3%	98,5 k €	+37.8%	71,5 k €	+16493%	431,1 €	+113%	-3,4 k €
Total assets	6 M €	+2.1%	5,8 M €	+9.7%	5,3 M €	+29.6%	4,1 M €	+45.0%	2,8 M €	+4.2%	2,7 M €	-1.0%	2,7 M €	+415%	533,8 k €	-4.3%	557,7 k €	-3.7%	578,8 k €	-0.5%	581,8 k €	+213%	185,8 k €	-10.1%	206,7 k €
Cash	101 k €	-83.3%	603,1 k €	+181%	214,8 k €	+74.6%	123 k €	+39.4%	88,3 k €	+358%	19,3 k €	-1.9%	19,6 k €	+205%	6,4 k €	+42832%	15 €	-99.8%	7,8 k €	+187%	2,7 k €		–		2,4 k €
Debts	2,4 M €	+46.8%	1,6 M €	-12.1%	1,8 M €	-8.4%	2 M €	-8.2%	2,2 M €	-7.4%	2,4 M €	-9.7%	2,6 M €	+540%	409,6 k €	-9.6%	453,2 k €	-5.0%	476,8 k €	-6.4%	509,3 k €	+179%	182,3 k €	-12.1%	207,3 k €

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 31/12/2024 · 1 active · 2 ended

Active mandates

Thomas Vanderstichele

Director · since 28 décembre 2010

Active

Ended mandates

Thomas Vanderstichele

Administrator - manager · since 28 décembre 2010

Ended

Thomas Vanderstichele

Manager · since 28 décembre 2010

Ended

At this address

Other companies at this address

Company	CBE no.
FAMILIE VDS● Active	0726.463.781

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Micro model	Micro 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	23/09/2025	11/10/2024	11/09/2023	13/10/2022	27/08/2021	29/10/2020
General meeting	19/09/2025	30/09/2024	30/06/2023	08/09/2022	25/06/2021	30/06/2020
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

13 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	19/09/2025	23/09/2025	Dutch	PDF
Abridged model	31/12/2023	30/09/2024	11/10/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	11/09/2023	Dutch	PDF
Abridged model	31/12/2021	08/09/2022	13/10/2022	Dutch	PDF
Micro model	31/12/2020	25/06/2021	27/08/2021	Dutch	PDF
Micro model	31/12/2019	30/06/2020	29/10/2020	Dutch	PDF
Micro model	31/12/2018	31/05/2019	16/07/2019	Dutch	PDF
Micro model	31/12/2017	25/05/2018	20/08/2018	Dutch	PDF
Micro model	31/12/2016	26/05/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	27/05/2016	23/08/2016	Dutch	PDF
Abridged model	31/12/2014	29/05/2015	23/07/2015	Dutch	PDF
Abridged model	31/12/2013	30/05/2014	11/09/2014	Dutch	PDF
Abridged model	31/12/2011	25/05/2012	27/09/2012	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 31/12/2024 · 1 active · 2 ended

Active mandates

Thomas Vanderstichele

Director · since 28 décembre 2010

Active

Ended mandates

Thomas Vanderstichele

Administrator - manager · since 28 décembre 2010

Ended

Thomas Vanderstichele

Manager · since 28 décembre 2010

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares22/12/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other13/12/2010
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 2024516,9 k €↓
2023
Annual accounts 2023839,3 k €↓
2022
Annual accounts 20221,4 M €↓
2021
Annual accounts 20211,5 M €↑
2020
Annual accounts 2020289,6 k €↑
2019
Annual accounts 2019231 k €↑
2018
Annual accounts 20183,7 k €↓
2017
Annual accounts 201719,6 k €↑
2016
Annual accounts 20162,3 k €↓
2015
Annual accounts 201527 k €↑
2014
Annual accounts 2014-8,9 k €↓
2013
Annual accounts 20136,9 k €↑
2011
Annual accounts 2011-22 k €
02/12/2010
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

VARACO

Overview

What does VARACO do?

Trend over 13 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