STEPHANE WARGINAIRE
ActiveSTEPHANE WARGINAIRE has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €42k and a net result of €213. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 89% of 1534 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability47▲+28
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 4.98 against 8.05 in 2024; short-term debt: 19.8% and cash: 88.9% of total assets), and 19.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 10
Relative position
BE, all sectors
reference
Sector 10
higher
← fewer bankruptcies
more bankruptcies →
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
80.2%
Return on assets
0.4%
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 09-04-2026, 113 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
113 d early
2024
128 d early
2023
96 d early
2022
109 d early
2021
160 d early
2020
46 d late
2019
81 d early
← 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€213▲ 1,698%
2024 · €12
2018: €107k
2019: €6k
2020: €3k
2021: €1k
2022: €12k
2023: €19k
2024: €12
2018 → 2025
Working capital
€41k▼ 4.0%
2024 · €43k
2018: €163k
2019: €100k
2020: €23k
2021: €19k
2022: €39k
2023: €59k
2024: €43k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€26k-€38k▲ 47.8%€58k▲ 49.8%€42k▼ 26.9%€42k▲ 0.5%
Operating result€4k-€17k▲ 362%€25k▲ 46.8%€-555€550
Net result€1k-€12k▲ 1,002%€19k▲ 53.9%€12▼ 99.9%€213▲ 1,698%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €550 after a loss of €555 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €53k
Fixed assets
€831
Current assets
€52k
Equity and liabilities €53k
Equity
€42k▲ 0.5%
Debt
€10k▲ 44.2%
The debt ratio rises from 14.7% to 19.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€937▲
2024 · €-534
Cash flow
€600▲
2024 · €33
Solvency
80.2%▼
2024 · 85.3%
Current ratio
4.98▼
2024 · 8.05
Quick ratio
4.98▼
2024 · 8.05
Debt / equity
0.25▲
2024 · 0.17
ROE
0.5%▲
2024 · 0.0%
ROA
0.4%▲
2024 · 0.0%
Interest coverage
3.29▲
2024 · -1.77
Debt
€10k▲
2024 · €7k
Debt ≤ 1 year
€10k▲
2024 · €6k
Income taxes
€58▲
2024 · €6
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€49k€53k▲
Fixed assets21/28-€831
Tangible fixed assets22/27-€831
Furniture and vehicles24-€831
Current assets29/58€49k€52k▲
Amounts receivable within one year40/41€14k€5k▼
Trade receivables40€5k€5k=
Other amounts receivable41€9k-
Cash at bank and in hand54/58€35k€47k▲
Equity and liabilities
Total equity and liabilities10/49€49k€53k▲
Equity10/15€42k€42k▲
Reserves13€42k€42k=
Distributable reserves133€42k€42k=
Profit (loss) carried forward14€12€225▲
Amounts payable17/49€7k€10k▲
Amounts payable within one year42/48€6k€10k▲
Trade debts44€227€2k▲
Suppliers440/4€227€2k▲
Taxes, remuneration and social security45€6k€8k▲
Taxes450/3€4k€6k▲
Remuneration and social security454/9€2k€2k=
Other amounts payable47/48€43€923▲
Accrued charges and deferred income492/3€1k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21€387▲
Other operating charges640/8€551€400▼
Gross operating margin9900€17€1k▲
Operating profit (loss)9901€-555€550▲
Financial income75/76B€874€6▼
Recurring financial income75€874€6▼
Financial charges65/66B€301€285▼
Recurring financial charges65€301€285▼
Profit (loss) for the period before taxes9903€18€271▲
Income taxes67/77€6€58▲
Profit (loss) for the period9904€12€213▲
Profit (loss) for the period to be appropriated9905€12€213▲
Appropriation of the result
Profit (loss) to be appropriated9906€12€225▲
Profit (loss) brought forward from the previous period14P-€12
Transfer from equity791/2€15k-
Profit to be distributed694/7€15k-
Return on contributions (dividend)694€15k-
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
09-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €12 ▼99.9%
Net result drops to €12, the lowest in the series; recovery starts the following year.
26-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
15-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 46 days late
2020
11-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
02-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
08-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Libramont-Chevigny · 1 establishment unit since 2009
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.
Saint-Pierre,Dessous la Ville 626800 Libramont-Chevigny1 establishment unit
Saint-Pierre,Dessous la Ville 62, 6800 Libramont-Chevigny
since 20092.180.560.988
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Of 4,227 companies in sector 10712 we hold annual accounts for 1,870. 1,499 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-05-2009
Fiscal year end31-12
Activities, NACEBEL
10712Artisanal bread and fresh pastry making
47241Retail sale of bread and pastry (bakery outlets)
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filings
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.