ACTIVE

Varo Energy Belgium

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Financial year 2025 · Closed on 31/12/2025

Net result-731,3 k €-8,1 %over 1 year
Revenue1,5 Md €-0,6 %over 1 year
Equity-8,5 M €-9,4 %over 1 year
Workforce10,6 ETP-10,9 %over 1 year

Identity

Source · BCE/KBO

Varo Energy Belgium is a Public limited company incorporated in 2010. Its main activity is: Wholesale of solid, liquid and gaseous fuels and related products. Its registered office is in Gent. It employs on average 10,6 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0832.275.836
Incorporation
28/12/2010
Legal form
Public limited company
Registered office
Wiedauwkaai 75
9000 Gent · FlandreSee on map
Contributed capital
32 828 270,00 €
Latest accounts
31/12/2025
Average workforce
10,6 ETP
Joint committees (2)
  • 226
  • 22600
Signals
Positive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 15 filings

Trend over 15 financial years

20252024202320222021
Income statement
Revenue1,5 Md €1,5 Md €1,5 Md €2,2 Md €1,2 Md €
EBITDA247,8 k €252,4 k €263,7 k €472,9 k €510,3 k €
Operating result231,1 k €235,7 k €247,1 k €456,3 k €259,6 k €
Net result-731,3 k €-676,7 k €-16,7 M €-18,2 M €154 k €
Balance sheet
Equity-8,5 M €-7,8 M €-7,1 M €9,7 M €27,8 M €
Total assets252,9 M €201,1 M €174,6 M €347,4 M €299,3 M €
Cash0,5 €150 €372,7 k €444,5 k €236,6 €
Debts256,8 M €204,2 M €177,7 M €332,8 M €268,4 M €
Other
Workforce10,6 ETP11,9 ETP12,6 ETP12,3 ETP12,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 15 ended

Active mandates

Cornelis Gregory (Sacha) Konan

Director · since 20 mai 2021 · until 30 juillet 2026

Active
Olivier VANBIERVLIET

Director · since 20 mai 2021 · until 30 juillet 2026

Active
Reinier Hendrik (Rene) SMAAL

Director · since 20 mai 2021 · until 30 juillet 2026

Active

Ended mandates

Cornelis Gregory (Sacha) Konan

Director · since 20 mai 2021 · until 02 juin 2026

Ended
Olivier VANBIERVLIET

Director · since 20 mai 2021 · until 02 juin 2026

Ended
Reinier Hendrik (Rene) SMAAL

Director · since 20 mai 2021 · until 02 juin 2026

Ended
Olivier Vanbiervliet

Director · since 11 septembre 2017 · until 01 juin 2023

Ended

Other companies at this address

Wiedauwkaai 75 9000 Gent
CompanyCBE no.
Nefco Belgium● Active
0862.498.759
OILINMOTION● Active
0864.564.463
Varo Energy Tankstorage● Active
0450.540.353

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date03/08/202631/07/202531/07/202418/07/202319/07/202223/09/2021
General meeting30/07/202623/07/202530/07/202414/07/202308/07/202231/08/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 15 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202530/07/202603/08/2026DutchPDF
Full model31/12/202423/07/202531/07/2025DutchPDF
Full model31/12/202330/07/202431/07/2024DutchPDF
Full model31/12/202214/07/202318/07/2023DutchPDF
Full model31/12/202108/07/202219/07/2022DutchPDF
Full model31/12/202031/08/202123/09/2021DutchPDF
Full model31/12/201929/12/202021/01/2021DutchPDF
Full model31/12/201812/07/201926/09/2019DutchPDF
Full model31/12/201705/07/201830/10/2018DutchPDF
Full model31/12/201625/09/201717/10/2017DutchPDF
Full model31/12/201520/12/201609/01/2017DutchPDF
Full model31/12/201429/09/201515/10/2015DutchPDF
Full model31/12/201329/09/201417/10/2014DutchPDF
Full model31/12/201214/07/201423/07/2014DutchPDF
Full model31/12/201114/07/201423/07/2014DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 15 ended

Active mandates

Cornelis Gregory (Sacha) Konan

Director · since 20 mai 2021 · until 30 juillet 2026

Active
Olivier VANBIERVLIET

Director · since 20 mai 2021 · until 30 juillet 2026

Active
Reinier Hendrik (Rene) SMAAL

Director · since 20 mai 2021 · until 30 juillet 2026

Active

Ended mandates

Cornelis Gregory (Sacha) Konan

Director · since 20 mai 2021 · until 02 juin 2026

Ended
Olivier VANBIERVLIET

Director · since 20 mai 2021 · until 02 juin 2026

Ended
Reinier Hendrik (Rene) SMAAL

Director · since 20 mai 2021 · until 02 juin 2026

Ended
Olivier Vanbiervliet

Director · since 11 septembre 2017 · until 01 juin 2023

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates14/11/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates09/02/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates18/06/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other03/12/2019
    DIVERSEN
    PDF
  • Other29/01/2018
    DIVERSEN
    PDF
  • Mandates30/10/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/02/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other18/07/2016
    DIVERSEN
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025-731,3 k €↓
  2. 2024
    Annual accounts 2024-676,7 k €↑
  3. 2023
    Annual accounts 2023-16,7 M €↑
  4. 2022
    Annual accounts 2022-18,2 M €↓
  5. 22/11/2022
    reconductionOlaf Janssen — commissaris
  6. 2021
    Annual accounts 2021154 k €↓
  7. 2020
    Annual accounts 2020221,3 k €↓
  8. 2019
    Annual accounts 2019554,7 k €↑
  9. 2018
    Annual accounts 2018207,6 k €↑
  10. 2017
    Annual accounts 2017109,9 k €↓
  11. 2016
    Annual accounts 20166,9 M €↑
  12. 2015
    Annual accounts 20157,3 k €↑
  13. 2014
    Annual accounts 2014-2,9 M €↑
  14. 2013
    Annual accounts 2013-3,6 M €↑
  15. 2012
    Annual accounts 2012-4,6 M €↓
  16. 2011
    Annual accounts 2011-2,1 M €
  17. 28/12/2010
    IncorporationPublic limited company