BENWAR
ActiveBENWAR has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-255k) and a net result of €7k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 27787 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
53
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability98▲+48
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.32 against 0.44 in 2024; short-term debt: 293.2% and cash: 53.2% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-895.4%
Return on assets
23.1%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 27787 sector peers (2025).
NBB · sector comparisonPosition among 27787 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
30 d late
2023
26 d late
2022
5 d early
2021
30 d late
2020
26 d late
2019
32 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-255k▲ 2.5%
2024 · €-262k
2018: €92k
2019: €99k
2020: €93k
2021: €131k
2022: €179k
2023: €175k
2024: €-262k
2018 → 2025
Total assets
€28k▼ 50.0%
2024 · €57k
2018: €523k
2019: €503k
2020: €479k
2021: €497k
2022: €514k
2023: €501k
2024: €57k
2018 → 2025
Net result
€7k
2024 · €-437k
2018: €22k
2019: €7k
2020: €-6k
2021: €38k
2022: €48k
2023: €-4k
2024: €-437k
2018 → 2025
Working capital
€-57k▲ 14.7%
2024 · €-67k
2018: €-89k
2019: €-92k
2020: €-124k
2021: €-103k
2022: €-79k
2023: €-62k
2024: €-67k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€131k-€179k▲ 36.6%€175k▼ 2.2%€-262k€-255k▲ 2.5%
Operating result€53k-€67k▲ 24.7%€-3k€14k€7k▼ 48.3%
Net result€38k-€48k▲ 27.9%€-4k€-437k▼ 11,052%€7k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 48% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €28k
Fixed assets
€2k▼ 63.1%
Current assets
€27k▼ 48.7%
Key figures and ratios
EBITDA
€10k▼
2024 · €18k
Cash flow
€9k▲
2024 · €-433k
Solvency
-895.4%▼
2024 · -458.8%
Current ratio
0.32▼
2024 · 0.44
Quick ratio
0.32▼
2024 · 0.44
Debt / equity
-1.11▲
2024 · -1.22
ROA
23.1%▲
2024 · -765.8%
Interest coverage
25.53▼
2024 · 51.01
Debt
€284k▼
2024 · €319k
Debt ≤ 1 year
€84k▼
2024 · €119k
Debt > 1 year
€200k=
2024 · €200k
Income taxes
€291▲
2024 · €280
Staff costs
€85k▼
2024 · €115k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€57k€28k▼
Formation expenses20€0€0=
Fixed assets21/28€5k€2k▼
Tangible fixed assets22/27€5k€2k▼
Plant, machinery and equipment23€607€0▼
Furniture and vehicles24€4k€2k▼
Financial fixed assets28€160€160=
Current assets29/58€52k€27k▼
Amounts receivable within one year40/41€29k€9k▼
Trade receivables40€21k€1k▼
Other amounts receivable41€9k€8k▼
Cash at bank and in hand54/58€21k€15k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€57k€28k▼
Equity10/15€-262k€-255k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-282k€-275k▲
Amounts payable17/49€319k€284k▼
Amounts payable after more than one year17€200k€200k=
Other amounts payable178/9€200k€200k=
Amounts payable within one year42/48€119k€84k▼
Trade debts44€5k€2k▼
Suppliers440/4€5k€2k▼
Taxes, remuneration and social security45€7k€7k▲
Taxes450/3€609€2k▲
Remuneration and social security454/9€6k€6k▼
Other amounts payable47/48€107k€74k▼
Income statement
Code20242025
Non-recurring operating income76A-€59k
Remuneration, social security and pensions62€115k€85k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€3k▼
Other operating charges640/8€1k€61k▲
Gross operating margin9900€134k€156k▲
Operating profit (loss)9901€14k€7k▼
Financial income75/76B€359€218▼
Recurring financial income75€359€218▼
Financial charges65/66B€450k€386▼
Recurring financial charges65€343€386▲
Non-recurring financial charges66B€450k-
Profit (loss) for the period before taxes9903€-436k€7k▲
Income taxes67/77€280€291▲
Profit (loss) for the period9904€-437k€7k▲
Profit (loss) for the period to be appropriated9905€-437k€7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-282k€-275k▲
Profit (loss) brought forward from the previous period14P€155k€-282k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Back to profitnet €7k
Net result €7k after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Weakest financial yearnet €-437k
Net result drops to €-437k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €48k ▲27.9%
Operating result €67k, net result €48k, both a record.
31-12
Financial
Equity above €150kEq €179k ▲36.6%
2 profitable years in a row build equity to €179k.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Back to profitnet €38k
Net result €38k after one loss-making year.
31-12
Financial
Equity above €100kEq €131k ▲40.1%
Equity rises from €93k to €131k.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 32 days late
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Fleurus · 1 establishment unit since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Arthur Oleffe(H) 1306220 FleurusGround area
2,537 m²
Building footprint
130 m²
Volume, LiDAR
1,178 m³
Parcel 52032A0390/00M000, Wallonia · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
BENWAR
since 20112.201.579.009
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52032A0390/00M000 | Wallonia | 2,537 m² | 1 · 130 m² | 10.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
20 categoriesBENWAR SRL33330
Similar companies · same sector, comparable size
RYBA
BE 0433.557.732
Schoten · Eq €175k
Yann Antoine & Co
BE 0830.970.294
Kapellen · Eq €175k
PLUMBING SERVICE
BE 0821.803.497
Braine-le-Comte · Eq €175k
MAXIM'S
BE 0424.344.613
Brugge · Eq €175k
TW Klimatics
BE 0641.880.771
Arendonk · Eq €175k
Of 7,042 companies in sector 43221 we hold annual accounts for 3,471. 2,947 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-08-2011
Fiscal year end31-12
Activities, NACEBEL
43221Plumbing work
43990Other specialised construction activities
43995Specialised construction activities
33110Repair and maintenance of fabricated metal products
43230Insulation installation
43291Specialised construction activities
43331Floor and wall tiling
43343Specialised construction activities
43410Roofing work
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.