ACTIVE

VARNIC

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Financial year 2025 · closed on 30/06/2025
Net result
18,2 k €
-22.7% YoY
Gross margin
39,4 k €
+16.1% YoY
Equity
30,9 k €
-24.3% YoY

What does VARNIC do?

VARNIC is a Private limited company incorporated in 2011. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Koksijde.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0838.786.021
Incorporation
25/08/2011
Legal form
Private limited company
Registered office
P.P. Rubenslaan(Kok) 13
8670 Koksijde · FlandreSee on map
Contributed capital
1 000,00 €
Latest accounts
30/06/2025
Activities (NACE)
71121Engineering activities and related technical consultancy· main71121Engineering activities and related technical consultancy
Signals
ProfitableLow riskPositive cashflowPositive EBITDA
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✦ Verdict · Analyst summary
Financials

Trend over 13 financial years

2025202420232022202120202019201820172016201520142013
Income statement
Gross margin39,4 k €34,0 k €21,2 k €12,6 k €18,6 k €29,1 k €9,5 k €10,8 k €-1,1 k €27,8 k €10,8 k €15,7 k €32,3 k €
EBITDA39,4 k €33,1 k €20,6 k €12,1 k €17,8 k €28,1 k €8,9 k €10,2 k €-1,7 k €26,4 k €10,2 k €15,2 k €29,7 k €
Operating result26,6 k €31,2 k €19,3 k €11,0 k €17,0 k €17,1 k €-1,4 k €-120,6 €-12,4 k €14,6 k €-67,8 €4,6 k €9,4 k €
Net result18,2 k €23,6 k €12,5 k €6,9 k €11,7 k €11,5 k €-3,2 k €-823,6 €-12,5 k €12,3 k €-1,6 k €4,4 k €3,8 k €
Balance sheet
Equity30,9 k €40,9 k €24,3 k €12,6 k €12,6 k €13,4 k €2,7 k €5,9 k €6,8 k €19,3 k €7,0 k €8,6 k €10,0 k €
Total assets133,1 k €58,9 k €40,3 k €32,9 k €39,4 k €34,1 k €30,7 k €42,6 k €45,5 k €78,2 k €17,0 k €30,7 k €40,1 k €
Cash3,2 k €16,6 k €8,4 k €2,4 k €241,1 €144,5 €620,6 €–3,5 k €29,7 k €2,4 k €48,1 €4,3 k €
Debts102,2 k €18,0 k €16,0 k €19,9 k €24,8 k €18,0 k €27,4 k €36,7 k €38,8 k €58,9 k €10,1 k €21,9 k €30,1 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation
Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 1 ended

Active mandates

Varin Pinoie

Director · since 25 août 2011

Active

Ended mandates

VARIN PINOIE

Manager · since 25 août 2011

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/07/202401/07/202301/07/202201/07/202101/07/202001/07/2019
Closing of the financial year30/06/202530/06/202430/06/202330/06/202230/06/202130/06/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date16/12/202517/12/202414/12/202320/12/202223/12/202116/12/2020
General meeting01/12/202501/12/202401/12/202301/12/202201/12/202101/12/2020
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

13 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model30/06/202501/12/202516/12/2025DutchPDF
Micro model30/06/202401/12/202417/12/2024DutchPDF
Micro model30/06/202301/12/202314/12/2023DutchPDF
Micro model30/06/202201/12/202220/12/2022DutchPDF
Micro model30/06/202101/12/202123/12/2021DutchPDF
Micro model30/06/202001/12/202016/12/2020DutchPDF
Micro model30/06/201901/12/201917/12/2019DutchPDF
Micro model30/06/201801/12/201820/12/2018DutchPDF
Micro model30/06/201701/12/201721/12/2017DutchPDF
Abridged model30/06/201601/12/201605/12/2016DutchPDF
Abridged model30/06/201511/12/201518/12/2015DutchPDF
Abridged model30/06/201429/12/201409/01/2015DutchPDF
Abridged model30/06/201326/09/201321/10/2013DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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.

Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 1 ended

Active mandates

Varin Pinoie

Director · since 25 août 2011

Active

Ended mandates

VARIN PINOIE

Manager · since 25 août 2011

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates17/01/2024
    WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office23/10/2019
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other29/08/2011
    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. 2025
    Annual accounts 202518,2 k €↓
  2. 2024
    Annual accounts 202423,6 k €↑
  3. 2023
    Annual accounts 202312,5 k €↑
  4. 2022
    Annual accounts 20226,9 k €↓
  5. 2021
    Annual accounts 202111,7 k €↑
  6. 2020
    Annual accounts 202011,5 k €↑
  7. 2019
    Annual accounts 2019-3,2 k €↓
  8. 2018
    Annual accounts 2018-823,6 €↑
  9. 2017
    Annual accounts 2017-12,5 k €↓
  10. 2016
    Annual accounts 201612,3 k €↑
  11. 2015
    Annual accounts 2015-1,6 k €↓
  12. 2014
    Annual accounts 20144,4 k €↑
  13. 2013
    Annual accounts 20133,8 k €
  14. 25/08/2011
    IncorporationPrivate limited company