ACTIVE

VAARWEG

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Financial year 2025 · closed on 31/12/2025

Net result

6,8 k €

-53.1% YoY

Gross margin

197,8 k €

+4.3% YoY

Equity

1,1 M €

+0.6% YoY

What does VAARWEG do?

VAARWEG is a Private limited company incorporated in 2006. Its registered office is in Begijnendijk.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0879.575.907

Incorporation

20/02/2006

Legal form

Private limited company

Registered office

Tremelosesteenweg 75
3130 Begijnendijk · FlandreSee on map

Contributed capital

1 315 700,00 €

Latest accounts

31/12/2025

Contacts

1 public detail availableLog in to view

Signals

ProfitablePositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	197,8 k €	+4.3%	189,7 k €	+20.0%	158 k €	-0.7%	159,1 k €	+11.2%	143,1 k €	+1.8%	140,5 k €	-4.4%	146,9 k €	-4.0%	153 k €	-11.5%	172,9 k €	+30.8%	132,2 k €	+35.4%	97,6 k €	+15.9%	84,2 k €	+76.7%	47,7 k €	+28.1%	37,2 k €	+146%	15,1 k €	+324%	-6,7 k €	+85.6%	-46,9 k €	-172%	-17,3 k €	-5843%	300,4 €	-95.0%	6 k €
EBITDA	178,6 k €	+3.2%	173,1 k €	+22.7%	141,1 k €	-1.1%	142,7 k €	+14.0%	125,2 k €	-0.4%	125,7 k €	-5.6%	133,1 k €	-4.6%	139,5 k €	-12.6%	159,6 k €	+30.6%	122,2 k €	+39.4%	87,7 k €	+13.2%	77,5 k €	+93.4%	40 k €	+19.4%	33,5 k €	+170%	12,4 k €	+256%	-8 k €	+84.8%	-52,2 k €	-176%	-18,9 k €	-6615%	290 €	-94.3%	5,1 k €
Operating result	10,2 k €	-44.8%	18,5 k €	+226%	5,7 k €	+58.0%	3,6 k €	+132%	-11,4 k €	-200%	11,4 k €	-34.1%	17,2 k €	-33.2%	25,8 k €	-43.9%	46 k €	+438%	8,5 k €	+213%	-7,5 k €	-2396%	-302 €	+98.1%	-16,1 k €	+5.2%	-16,9 k €	-858%	-1,8 k €	+95.9%	-42,8 k €	+59.5%	-105,8 k €	-9.5%	-96,7 k €	-561%	-14,6 k €	-153%	-5,8 k €
Net result	6,8 k €	-53.1%	14,5 k €	+966%	1,4 k €	+195%	-1,4 k €	+87.5%	-11,4 k €	-230%	8,8 k €	-57.2%	20,6 k €	-8.2%	22,4 k €	-51.3%	46 k €	+439%	8,5 k €	+214%	-7,5 k €	-5335%	142,5 €	+101%	-15,5 k €	-1.2%	-15,3 k €	-2559%	622,4 €	+102%	-41 k €	+71.0%	-141,2 k €	-50.3%	-93,9 k €	-541%	-14,6 k €	-158%	-5,7 k €
Balance sheet
Equity	1,1 M €	+0.6%	1,1 M €	+1.3%	1,1 M €	+0.1%	1,1 M €	-0.1%	1,1 M €	+88.1%	572,5 k €	+1.6%	563,7 k €	+3.8%	543,1 k €	+4.3%	520,7 k €	+9.7%	474,7 k €	+1.8%	466,2 k €	-1.6%	473,6 k €	+0.0%	473,5 k €	-3.2%	489 k €	-3.0%	504,3 k €	+0.1%	503,7 k €	-7.5%	544,6 k €	-20.6%	685,8 k €	-12.0%	779,7 k €	+5.7%	737,3 k €
Total assets	7,1 M €	-2.0%	7,2 M €	-1.0%	7,3 M €	+0.9%	7,2 M €	+5.7%	6,8 M €	+8.2%	6,3 M €	+0.5%	6,3 M €	+2.6%	6,1 M €	-0.8%	6,2 M €	-0.5%	6,2 M €	+1.8%	6,1 M €	+7.8%	5,7 M €	+17.8%	4,8 M €	+11.9%	4,3 M €	+29.3%	3,3 M €	+18.3%	2,8 M €	+70.5%	1,6 M €	-12.9%	1,9 M €	+104%	927,4 k €	+24.3%	746,1 k €
Cash	57,6 k €	+83.8%	31,3 k €	+9.9%	28,5 k €	-85.3%	194,4 k €	+300%	48,6 k €	+11.7%	43,5 k €	-32.6%	64,4 k €	-46.2%	119,9 k €	+31.8%	90,9 k €	+665%	11,9 k €	-47.4%	22,6 k €	-86.7%	170,1 k €	+151%	67,8 k €	-10.6%	75,8 k €	+1450%	4,9 k €	-96.9%	157,2 k €	-28.5%	219,8 k €	-4.4%	230 k €	+4851%	4,6 k €	+2547%	175,5 €
Debts	6 M €	-2.4%	6,1 M €	-1.4%	6,2 M €	+1.1%	6,1 M €	+6.8%	5,7 M €	+0.2%	5,7 M €	+0.3%	5,7 M €	+2.5%	5,6 M €	-1.2%	5,7 M €	-1.4%	5,7 M €	+1.8%	5,6 M €	+8.7%	5,2 M €	+19.8%	4,3 M €	+13.8%	3,8 M €	+35.1%	2,8 M €	+22.2%	2,3 M €	+109%	1,1 M €	-8.5%	1,2 M €	+714%	147,8 k €	+1587%	8,8 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 7 ended

Active mandates

Ginny De Ryck

Director · since 01 juin 2026

Active

Wim Van Pee

Director · since 31 mars 2021

Active

Joseph Van Pee

Director · since 20 février 2006

Active

Greta Borremans

Director · since 20 février 2000

Active

Ended mandates

BOVAR BV

Director · since 05 avril 2018 · until 31 mars 2021 · 0693.942.651

Represented by WIM VAN PEE

Ended

BOVAR BV

Director · since 05 avril 2018 · 0693.942.651

Represented by WIM VAN PEE

Ended

GRETA BORREMANS

Director

Ended

GRETA BORREMANS

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro 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	20/07/2026	25/07/2025	25/07/2024	31/07/2023	30/08/2022	20/08/2021
General meeting	08/06/2026	10/06/2025	30/06/2024	12/06/2023	13/06/2022	14/06/2021
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

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	08/06/2026	20/07/2026	Dutch	PDF
Micro model	31/12/2024	10/06/2025	25/07/2025	Dutch	PDF
Micro model	31/12/2023	30/06/2024	25/07/2024	Dutch	PDF
Micro model	31/12/2022	12/06/2023	31/07/2023	Dutch	PDF
Micro model	31/12/2021	13/06/2022	30/08/2022	Dutch	PDF
Micro model	31/12/2020	14/06/2021	20/08/2021	Dutch	PDF
Micro model	31/12/2019	08/06/2020	30/07/2020	Dutch	PDF
Micro model	31/12/2018	30/06/2019	27/08/2019	Dutch	PDF
Micro model	31/12/2017	11/06/2018	12/07/2018	Dutch	PDF
Micro model	31/12/2016	12/06/2017	24/07/2017	Dutch	PDF
Abridged model	31/12/2015	13/06/2016	30/06/2016	Dutch	PDF
Abridged model	31/12/2014	08/06/2015	25/06/2015	Dutch	PDF
Abridged model	31/12/2013	10/06/2014	04/07/2014	Dutch	PDF
Abridged model	31/12/2012	10/06/2013	04/07/2013	Dutch	PDF
Abridged model	31/12/2011	11/06/2012	12/06/2012	Dutch	PDF
Abridged model	31/12/2010	14/06/2011	08/07/2011	Dutch	PDF
Abridged model	31/12/2009	14/06/2010	30/06/2010	Dutch	PDF
Abridged modelCorrection	31/12/2008	08/06/2009	23/09/2009	Dutch	PDF
Abridged model	31/12/2008	08/06/2009	03/07/2009	Dutch	PDF
Abridged model	31/12/2007	09/06/2008	03/07/2008	Dutch	PDF
Abridged modelCorrection	31/12/2006	11/06/2007	04/10/2007	Dutch	PDF
Abridged model	31/12/2006	11/06/2007	06/07/2007	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 7 ended

Active mandates

Ginny De Ryck

Director · since 01 juin 2026

Active

Wim Van Pee

Director · since 31 mars 2021

Active

Joseph Van Pee

Director · since 20 février 2006

Active

Greta Borremans

Director · since 20 février 2000

Active

Ended mandates

BOVAR BV

Director · since 05 avril 2018 · until 31 mars 2021 · 0693.942.651

Represented by WIM VAN PEE

Ended

BOVAR BV

Director · since 05 avril 2018 · 0693.942.651

Represented by WIM VAN PEE

Ended

GRETA BORREMANS

Director

Ended

GRETA BORREMANS

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/06/2026
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring15/04/2021
DOEL - ONTSLAGEN - BENOEMINGEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates08/04/2021
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Restructuring18/02/2021
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates17/05/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/05/2018
ONTSLAGEN - BENOEMINGEN
PDF
Other07/03/2006
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

2025
Annual accounts 20256,8 k €↓
2024
Annual accounts 202414,5 k €↑
2023
Annual accounts 20231,4 k €↑
2022
Annual accounts 2022-1,4 k €↑
2021
Annual accounts 2021-11,4 k €↓
2020
Annual accounts 20208,8 k €↓
2019
Annual accounts 201920,6 k €↓
2018
Annual accounts 201822,4 k €↓
2017
Annual accounts 201746 k €↑
2016
Annual accounts 20168,5 k €↑
2015
Annual accounts 2015-7,5 k €↓
2014
Annual accounts 2014142,5 €↑
2013
Annual accounts 2013-15,5 k €↓
2012
Annual accounts 2012-15,3 k €↓
2011
Annual accounts 2011622,4 €↑
2010
Annual accounts 2010-41 k €↑
2009
Annual accounts 2009-141,2 k €↓
2008
Annual accounts 2008-93,9 k €↓
2007
Annual accounts 2007-14,6 k €↓
2006
Annual accounts 2006-5,7 k €
20/02/2006
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

VAARWEG

Overview

What does VAARWEG do?

Trend over 20 financial years

Indicative valuation

Board of directors

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