Varec SA
36.4 FTEVarec reported revenue of €16.4m for the 2024 financial year (annual accounts filed with the NBB on 24 Jul 2025), with 36.4 full-time equivalents.
The score of Varec shows with a free account.
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- Balance sheet strength
- Liquidity
- Repayment capacity
- Profitability
- Trajectory
- Compliance and register
- Position in its sectorvs peers
- Supplier creditat 30 d
- Borrowing capacityborrowable
- Valuationcentral
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Key figures 2024
Change 2021 → 2024: Revenue +14 % Equity +34 % Total assets +70 % Headcount (avg FTE) -15 %
Accounts of the company itself (not consolidated).
The full file covers 9 financial years; a free account shows 2. →Deterministic calculation on the filed accounts, no AI. Dispute the score or report an error
Varec's annual accounts
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Revenue | €16.4m | ||||
| Net result | €1.06m | ||||
| Equity | €5.03m | ||||
| Cash | 466,837 € | ||||
| EBITDA | €1.50m | ||||
| Total assets | €10.4m |
Filed annual accounts
- Year ended 31 Dec 2024filed on 24 Jul 2025
- Year ended 31 Dec 2023filed on 23 Jul 2024
- Year ended 31 Dec 2022filed on 22 Jun 2023
- Year ended 31 Dec 2021filed on 26 Aug 2022
- Year ended 31 Dec 2020filed on 30 Aug 2021
Varec's financial analysis
- Solvency48.4%sector median: 55.5%
- Current ratio
- Net margin
- ROE
- Financial debt / EBITDA
- Interest coverage
- Days sales outstanding (DSO)
Management and control of Varec
Varec's publications in the Belgian Gazette
Company number, VAT number and registered office
- Company number (CBE)
- 0438.592.824
- VAT number
- BE0438592824
- Peppol
- Registered · 0208:0438592824 · as of 10 Nov 2026
- Legal form
- SA
- Incorporated
- 05 Oct 1989
- Registered office
- 2800 Mechelen
- Size
- Small · 36.4 FTE
- Latest accounts
- 2024 · filed on 24 Jul 2025
- Activity
- Manufacture, retreading and rebuilding of rubber tyres and manufacture of tubes (NACE 22110)
Varec (SA) has been based in Mechelen since 1989, active in: manufacture, retreading and rebuilding of rubber tyres and manufacture of tubes. For 2024, it reports revenue of €16.4m, a net profit of €1.06m and equity of €5.03m. With 36.4 full-time equivalents, it is a small enterprise by headcount. Its solvency stands at 48.4%, below the median of its sector (55.5%).
Companies similar to Varec
Companies in the same business, of comparable size and area, outside its group.
- ITC International Tire Manufacture, retreading and rebuilding of rubber tyres and manufacture of tubes Wommelgem · balance sheet €13.7m
- Bandag-Europe Manufacture, retreading and rebuilding of rubber tyres and manufacture of tubes Dilsen-Stokkem · balance sheet €57.9m
- Bridgestone Aircraft Tire (Europe) Manufacture, retreading and rebuilding of rubber tyres and manufacture of tubes Frameries · balance sheet €112.4m
- Hercorub Manufacture of other rubber products Lanaken · balance sheet €9.21m
- Continental Benelux Manufacture, retreading and rebuilding of rubber tyres and manufacture of tubes Machelen (Brab.) · balance sheet €173.9m
- Tente Manufacture, retreading and rebuilding of rubber tyres and manufacture of tubes Kruisem · balance sheet €10.9m
- Artilat Manufacture of other rubber products Nijlen · balance sheet €18.6m
- Tyre Plan Europe Manufacture, retreading and rebuilding of rubber tyres and manufacture of tubes Kalmthout · balance sheet 735,080 €
Frequently asked questions about Varec
What is the revenue of Varec?
According to the 2024 annual accounts filed with the NBB, the revenue of Varec amounts to 16,436,205 €.
What is the VAT number of Varec?
In Belgium, the VAT number is the company number prefixed with BE: BE0438592824 for Varec, if the company is VAT-registered. Its company number (CBE) is 0438.592.824.
Where is the registered office of Varec?
According to the CBE register, the registered office of Varec is in 2800 Mechelen.
What is the equity of Varec?
At the close of the 2024 financial year, the equity of Varec amounts to 5,034,059 €, a solvency of 48.4% of total assets.
How many people work at Varec?
36.4 full-time equivalents on average according to the 2024 social balance sheet.
Who manages Varec?
The register lists 5 active mandates at Varec. Names and roles are in the full file, with the deeds published in the Belgian Gazette.
The full file of Varec
Directors and mandates, ownership network, Gazette deeds, ten years of accounts and ratios, Excel export, and Idonis's analysis in one question.
Open the full file →