VARE
VARE is an AI-native business valuation platform from Belgian publisher PODAS. It turns company figures into a digital dossier and a white-label report in Dutch, French or English, for accountants, auditors, M&A and legal advisers.
What is VARE?
VARE, whose name stands for Valuation Reporting Engine, is a web platform for business valuation published by PODAS, a Belgian company whose name abbreviates Provider of Digital Automation Solutions. VARE is presented by its publisher as its first platform. The site introduces it under the heading AI-native platform, with a two-word promise: business valuation.
The stated principle is agentic automation under human supervision: an AI that does the work while the user stays in control, from data to report to knowledge. Three pillars are named: technology combined with domain expertise, the accumulation of a firm's own knowledge from one engagement to the next, and an AI said to grow sharper and more personalised for each office.
Six building blocks are advertised on a single platform. A digital dossier holds each client's reports, documents and data. A valuation attestation adds digital signing, described as verifiable and legally valid. Collaboration lets a dossier be shared with another firm under controlled access. Professional reporting produces white-label output in Dutch, French and English. Smart valuation has the AI guide the process. Security covers GDPR compliance, client isolation and a full audit trail.
Four levels of complexity are documented as worked examples: a single operating company; a management company combined with a real estate company; a natural person holding several subsidiaries; and a complete holding with twenty-one subsidiaries across four activities. The platform applies pro-rata ownership automatically, eliminates intragroup flows and rolls figures up to holding level in one step, with foreign account codes mapped automatically. The valuation methods cited are discounted cash flow, EBITDA multiples and comparables, weighted together. The output is one holding report plus every underlying valuation in a ZIP file, described as reconstructable to the cent and marked auditable.
The intended users are named by the site: anyone who prepares or reviews business valuations, meaning accountants, auditors, M&A professionals, private equity teams and lawyers. The commercial context is explicit and dated, the Belgian capital gains tax in force since 1 January 2026. All figures shown in the four scenarios are demonstration data.
What it does
- Produce a business valuation guided by AI while the user keeps control of the assumptions
- Generate a professional white-label valuation report in Dutch, French or English
- Consolidate several entities into a single dossier, with intragroup flows eliminated automatically
- Apply and weight several valuation methods: discounted cash flow, EBITDA multiple and comparables
- Digitally sign and attest a valuation, presented by the publisher as verifiable and legally valid
- Maintain a living digital dossier per client, holding its reports, documents and figures
- Share a dossier with another firm under controlled access and full traceability
When to use VARE / When not to
A quick filter to help you decide if VARE is the right fit.
When to use VARE
- Accountancy firms preparing business valuations for owner-managed companies, particularly around the Belgian capital gains tax in force since 1 January 2026
- Auditors who need a valuation file with a full audit trail and underlying calculations that can be reconstructed to the cent
- M&A and corporate finance advisers working on groups made of several entities, holdings and cross-shareholdings
- Private equity teams that revalue portfolio companies repeatedly and want each engagement to build on the previous one
- Lawyers and tax advisers who commission or review valuations and need a digitally signed attestation alongside the report
When not to use VARE
- Buyers who require a published price list before engaging: all three language versions of the pricing page show only Pricing on request
- Development teams wanting to embed valuation into their own systems: there is no public API and no API documentation
- Professionals who work mainly from a phone or tablet: no iOS or Android application exists for the product
- Procurement and security teams requiring formal assurance: no certification, data processing agreement, sub-processor list or retention commitment is published
- Anyone seeking a valuation that stands alone as professional advice: the terms state that VARE reports are supporting and do not replace it
How to use VARE
A typical end-to-end flow, from setup to results.
- Read the approach page to see how VARE handles a single company, a management structure or a full holding
- Choose one of the two published entry points: book a demonstration, or request a trial
- For a demonstration, pick the 30-minute introduction or the 60-minute extended session, then select a slot in three steps
- For a trial, submit the form with your name, e-mail and telephone, plus your firm and a message
- Ask for pricing during that contact: no rate is published and the site invites you to get in touch
- Receive access to the web application and sign in; there is nothing to install or download
- Open a digital dossier for the client company and load its figures
- Add the related entities where the valuation covers a group, letting the platform apply pro-rata and eliminate intragroup flows
- Review the weighting of the discounted cash flow, EBITDA multiple and comparable methods before validating
- Generate the white-label report in Dutch, French or English, export the underlying valuations as a ZIP, sign the attestation, and update the same dossier in later financial years
Pros & Cons
Pros
- Broad functional scope on a single platform: dossier, valuation, attestation, collaboration and reporting
- Group structures handled up to a twenty-one subsidiary holding, with consolidation and pro-rata applied automatically
- Traceability is a stated design goal: full audit trail, auditable scenarios, and underlying valuations exported as a ZIP described as reconstructable to the cent
- Reports delivered white label in the three languages used in Belgian practice, Dutch, French and English
- The interface is genuinely served in three locales, not merely advertised as multilingual
- The publisher is identifiable: a Belgian company registered under enterprise number 1012.312.190, with its director named on the site
- The digital attestation is presented as legally valid, which few valuation tools offer
Cons
- No public pricing: all three language versions show only Pricing on request
- No free plan, and the trial that is offered is never described as free
- The legal documents are very short, three sections each, and are served in Dutch even on the English URLs
- No data processing agreement, no sub-processor list and no retention period are published
- No hosting country or region is disclosed, and no certification is displayed anywhere on the site
- Neither an API nor a mobile application exists
- No named customer, reference or testimonial: every figure on the site is demonstration data, and the publisher is a young company with a small team
Pricing & Plans
No free plan is offered. VARE publishes no rate: the pricing page of all three language versions concludes with Pricing on request. Two commercial models are named. The first is a subscription, described as a fixed monthly or annual fee for platform access. The second is a fee per client dossier, charged once per company, with follow-ups and updates included. On commitment, the site states that the monthly option is flexible and cancellable while the annual option carries a better rate, without quantifying either. The publisher argues that the platform is profitable from the very first dossier, again without figures. Since no entry price is published, the starting price, the currency and the billing unit have been left empty rather than inferred.
- a fixed monthly or annual fee for platform access
- giving everything needed to work efficiently. No amount published.
- a fee per client dossier
- charged once per company
- with follow-ups and updates included. No amount published.
Data, GDPR & hosting
A consolidated view of how VARE handles your data.
GDPR overview
VARE claims compliance in a single homepage line, stating that the platform is GDPR-compliant, that each client is isolated and that a full audit trail is kept; its privacy statement opens by saying that PODAS processes personal data in accordance with the Regulation. Beyond that, what is published is thin. The statement runs to three short sections, is served in Dutch even on the English URLs, and carries no effective date. It names the categories collected at sign-up and demo booking, the purposes, and a contact for data subject requests (vincent.vantilborg@podas.eu, +32 479 94 52 09). There is no data protection officer, no data processing agreement, no sub-processor list, no retention period and no transfer clause. An Article 27 representative is not required, the publisher being established in Belgium. The separate PODAS statement, last updated April 2026, covers only data collected through podas.eu.
Who owns the data?
PODAS, the Belgian publisher of VARE, is named as the controller in the platform's privacy statement, which covers the personal data collected when an account is created (first name, surname, e-mail, telephone, company name) and when a demonstration is booked. On ownership of the valuation content itself the terms of use say nothing: no clause assigns or reserves rights over the dossiers, financial data and reports a firm uploads or generates. The site addresses the question only in marketing language, promising that a firm's accumulated knowledge remains entirely its own and that each client is isolated, with no contractual counterpart. No data protection officer and no sub-processor is named.
Reuse rights
The privacy statement limits the use of personal data to one purpose: delivering the service, creating the account, scheduling demonstration appointments and answering questions. Nothing in the published documents restricts what a firm may do with the valuation dossiers and reports it produces, and the publisher claims no licence over them, so a customer can reasonably reuse its own output without asking permission. That is an absence of restriction rather than an express grant, and it should be confirmed contractually. The documents are silent on model training. The homepage nevertheless advertises an AI that learns, whose analyses become sharper for each office and where every engagement builds on what came before. The tension is unresolved: no clause states whether customer content feeds any learning process, and no opt-out mechanism is mentioned anywhere on the site. Rights of access, rectification, erasure and portability are exercised by e-mail with the publisher.
Data retention & training
Hosting summary
VARE publishes no hosting information. Neither the product site nor the publisher's own site names a hosting country, a region, a cloud provider or a data centre, and no such term appears anywhere in the pages collected. The only adjacent statement is a homepage line claiming GDPR compliance, client isolation and a full audit trail, which speaks to segregation rather than to jurisdiction. No sub-processor list, no data processing agreement and no transfer clause is offered, so the chain of processing behind the platform cannot be established from published sources. What can be observed technically about where the site and the application are served is not a commitment by the publisher, and has deliberately not been reported here as one. The only jurisdictional anchors actually published are the identity and the law of the publisher: a Belgian company, with Belgian law and the courts of its registered office governing the terms. A firm planning to process client accounts through the platform should obtain the hosting location, the sub-processor list and a data processing agreement directly from the publisher before onboarding.
Things to keep in mind
Risks and trade-offs to weigh before adopting VARE.
- Over-reliance on the output: the terms state that VARE reports are supporting documents that do not replace professional advice, while the site simultaneously presents the attestation as verifiable and legally valid. A practitioner who signs off without re-performing the reasoning carries a risk the platform does not absorb.
- Erosion of professional judgement: when pro-rata, intragroup eliminations and method weighting are applied automatically, the assumptions that drive the result become less visible. An audit trail records what was done, not whether it was appropriate.
- Errors inherited from the input: the terms place responsibility for the accuracy of the data entered on the user. An automated report inherits any mistake in the figures and lends it an authoritative format.
- Unclear position on model training: the site advertises an AI that learns and that every engagement builds on what came before, while also promising that a firm's knowledge stays entirely its own and that each client is isolated. No clause resolves the tension and no opt-out is mentioned, so a firm cannot verify what happens to its client data.
- Confidential client financials with no published safeguards: no hosting country, sub-processor list, data processing agreement, retention period or certification is published, on a product that by design holds complete company accounts.
- Demonstration figures read as real: the four worked scenarios show precise valuations of fictitious companies. Taken out of context, in a pitch, a screenshot or a comparison, they can easily be mistaken for customer results.
- Commercial opacity and lock-in: no price is published, the trial is never stated to be free, and the client knowledge is said to compound inside the platform, which raises the cost of leaving it later.
Setup & Integrations
Technical difficulty
Low, technically. VARE is a web platform: there is nothing to install, download or configure, and no third-party integration to set up, since none is offered. No technical skill is advertised as necessary and the product targets finance professionals rather than IT teams. The friction is commercial rather than technical. Access runs through a sales contact, either a 30 or 60 minute demonstration or a trial requested by form, so the time to a first dossier depends on the publisher's response rather than on any setup work by the user.
Deployment
Supported languages
Behind VARE
Social
Resources
All the official URLs gathered for verification and reference.
Frequently asked questions
What is VARE?
Who is VARE for?
How much does VARE cost?
How does the trial work?
Is there a commitment?
Which languages does VARE support?
Can VARE handle a group of companies?
Is the valuation report legally binding?
Does VARE offer an API or a mobile app?
Who publishes VARE?
Should you pick VARE?
VARE arrives with a clear market and a clear date. The Belgian capital gains tax in force since 1 January 2026 has turned business valuation into a recurring exercise for accountancy and advisory firms, and the publisher's nine blog articles show the product was built around that demand. The functional promise matches it: a digital dossier per client, group consolidation up to a twenty-one subsidiary holding, weighted discounted cash flow, multiple and comparable methods, a white-label report in the three working languages, and a digitally signed attestation.
What is missing is evidence. No customer is named, no testimonial is published, and every figure on the site belongs to a demonstration scenario. No certification is displayed, no data processing agreement or sub-processor list is offered, no hosting country is disclosed, and the legal documents run to three short sections each, served in Dutch even on the English pages. The claim of GDPR compliance rests on a marketing line rather than on a document. Pricing is withheld altogether: both commercial models are named, neither is quantified, and the trial on offer is never described as free.
The publisher is young and small. The legal entity dates from 8 August 2024, was originally incorporated under a different name, and the domain itself was only registered on 15 April 2026, with no archived capture at all. VARE is described as the first platform of PODAS.
For a Belgian or European practice that already knows it needs a structured valuation workflow, VARE deserves a demonstration: the group handling and the audit trail are the substance of the offer. For anyone comparing tools on published price, security paperwork or customer references, there is currently nothing to compare, and the conversation has to start with a sales contact.
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