DE WARANDE
ActiveSummary
DE WARANDE has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €849k and a net result of €193k. Equity is growing by ~34.4% per year across the filed fiscal years. Its solvency ranks better than 38% of 1059 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▼-4
Solvency44▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity short (current ratio 0.94 against 0.82 in 2024; short-term debt: 39% and cash: 14.6% of total assets), and 81.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
18.8%
Return on assets
4.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-05-2026, 63 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
63 d early
2024
73 d early
2023
34 d early
2022
88 d early
2021
40 d early
2020
53 d early
2019
63 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€849k▲ 19.0%
2024 · €714k
2018: €68k
2019: €-168k
2020: €-387k
2021: €-561k
2023: €447k
2024: €714k
2018 → 2025
Total assets
€4.52M▲ 3.3%
2024 · €4.38M
2018: €4.72M
2019: €4.36M
2020: €2.93M
2021: €2.92M
2023: €4.10M
2024: €4.38M
2018 → 2025
Net result
€193k▼ 40.9%
2024 · €327k
2018: €20k
2019: €27k
2020: €43k
2021: €88k
2023: €75k
2024: €327k
2018 → 2025
Working capital
€-112k▲ 67.5%
2024 · €-344k
2018: €262k
2019: €-104k
2020: €-406k
2021: €-441k
2023: €-391k
2024: €-344k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202320242025Trend
Equity€-387k-€-561k▼ 44.9%€447k€714k▲ 59.7%€849k▲ 19.0%
Operating result€94k-€179k▲ 91.3%€148k▼ 17.5%€305k▲ 106%€152k▼ 50.3%
Net result€43k-€88k▲ 106%€75k▼ 14.7%€327k▲ 335%€193k▼ 40.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 50% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.52M
Fixed assets
€2.87M ▲ 1.2%
Current assets
€1.65M ▲ 7.0%
Equity and liabilities €4.52M
Equity
€849k ▲ 19.0%
Provisions
€125k
Debt
€3.55M ▼ 3.2%
Debt's share of the balance-sheet total falls from 83.7% to 78.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€307k▼
2024 · €422k
Cash flow
€349k▼
2024 · €444k
Current ratio
0.94▲
2024 · 0.82
Quick ratio
0.88▲
2024 · 0.78
Debt to equity
4.18▼
2024 · 5.14
ROE
22.7%▼
2024 · 45.8%
ROA
4.3%▼
2024 · 7.5%
Interest coverage
62.11▼
2024 · 87.38
Debt ≤ 1 year
€1.76M▼
2024 · €1.89M
Debt > 1 year
€1.73M▲
2024 · €1.73M
Income taxes
€415▲
2024 · €283
Staff costs
€473k▼
2024 · €585k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 59 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.38M€4.52M▲
Fixed assets21/28€2.84M€2.87M▲
Intangible fixed assets21€2k€1k▼
Tangible fixed assets22/27€481k€517k▲
Land and buildings22€183k€133k▼
Plant, machinery and equipment23€228k€330k▲
Furniture and vehicles24€70k€53k▼
Financial fixed assets28€2.35M€2.35M=
Current assets29/58€1.54M€1.65M▲
Stocks and contracts in progress3€73k€108k▲
Stocks30/36€73k€108k▲
Amounts receivable within one year40/41€724k€601k▼
Trade receivables40€711k€597k▼
Other amounts receivable41€13k€4k▼
Current investments50/53€254k€254k=
Cash at bank and in hand54/58€469k€659k▲
Deferred charges and accrued income490/1€25k€31k▲
Equity and liabilities
Total equity and liabilities10/49€4.38M€4.52M▲
Equity10/15€714k€849k▲
Contributions10/11€1.08M€1.08M=
Capital10€1.08M€1.08M=
Revaluation surpluses12€1.26M€1.26M=
Profit (loss) carried forward14€-1.74M€-1.55M▲
Investment grants15€110k€53k▼
Provisions and deferred taxes16-€125k
Provisions for liabilities and charges160/5-€125k
Major repairs and maintenance162-€125k
Amounts payable17/49€3.67M€3.55M▼
Amounts payable after more than one year17€1.73M€1.73M▲
Advances received on contracts in progress176€1.25M€1.31M▲
Other amounts payable178/9€475k€421k▼
Amounts payable within one year42/48€1.89M€1.76M▼
Current portion of amounts payable after more than one year42€250k€0▼
Trade debts44€544k€641k▲
Suppliers440/4€544k€641k▲
Advances received on contracts in progress46€984k€1.08M▲
Taxes, remuneration and social security45€46k€43k▼
Taxes450/3€543€958▲
Remuneration and social security454/9€46k€42k▼
Accrued charges and deferred income492/3€54k€58k▲
Income statement
Code20242025
Remuneration, social security and pensions62€585k€473k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€117k€156k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€19k€16k▼
Other operating charges640/8€65k€16k▼
Non-recurring operating charges66A-€7k
Gross operating margin9900€1.09M€944k▼
Operating profit (loss)9901€305k€152k▼
Financial income75/76B€81k€47k▼
Recurring financial income75€81k€47k▼
Financial charges65/66B€60k€5k▼
Recurring financial charges65€5k€5k▲
Non-recurring financial charges66B€55k€0▼
Profit (loss) for the period before taxes9903€327k€194k▼
Income taxes67/77€283€415▲
Profit (loss) for the period9904€327k€193k▼
Profit (loss) for the period to be appropriated9905€327k€193k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1.74M€-1.55M▲
Profit (loss) brought forward from the previous period14P€-2.07M€-1.74M▲
Social balance
Average headcount (FTE)90876.64.9▼
The notes to these accounts (20 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
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
19-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €327k ▲335%
Operating result €305k, net result €327k, both a record.
31-12
Financial
Equity above €500kEq €714k ▲59.7%
6 profitable years in a row build equity to €714k.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
23-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2023
31-12
Financial
Equity above €200kEq €447k
5 profitable years in a row build equity to €447k.
04-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 63 days late
2019
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
07-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 24 acts read
About the unread acts
We know of 24 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
24 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, Brussel · 1 establishment unit since 2006
Ground area
959 m²
Building footprint
253 m²
Volume, LiDAR
3,249 m³
Parcel 21804D0174/00E000, Brussels · tallest building 18.3 m, ±5 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
DE WARANDE
since 20062.155.766.107
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21804D0174/00E000 | Brussels | 959 m² | 1 · 253 m² | 18.3 m · 5 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
Food safety, FASFC
1 siteBrussel2.155.766.107
Dual-learning approval
4 endedHulpkok (so)
Keukenmedewerker (so)
Keukenmedewerker (vwo)
Keukenmedewerker duaal (so)
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Of 7,005 companies in sector 96999 we hold annual accounts for 602. 252 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded08-12-1986
Fiscal year end31-12
Activities, NACEBEL 2025
94992Activities of membership organisations
96999Other personal services
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.