Waarom
ActiveSummary
Waarom is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €72k and a net result of €-17k. Equity is shrinking by ~21.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 95% of 8048 sector peers (fiscal year 2025). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
34 d early
2023
22 d late
2022
49 d early
2021
53 d early
2020
45 d early
2019
18 d early
← 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, micro schema
Equity
€72k▼ 19.3%
2024 · €90k
2019: €423k
2020: €513k▲ +21.3% vs 2019
2021: €732k▲ +42.5% vs 2020highest in 7 years
2022: €45k▼ -93.8% vs 2021lowest in 7 years
2023: €310k▲ +583% vs 2022
2024: €90k▼ -71.0% vs 2023
2025: €72k▼ -19.3% vs 2024
2019 → 2025
Net result
€-17k
2024 · €158
2019: €8k
2020: €90k▲ +1063% vs 2019
2021: €218k▲ +143% vs 2020
2022: €-686k▼ -414% vs 2021lowest in 7 years
2023: €264k▲ +139% vs 2022highest in 7 years
2024: €158▼ -99.9% vs 2023
2025: €-17k▼ -11120% vs 2024
2019 → 2025
Total assets
€72k▼ 19.8%
2024 · €90k
2019: €2.17Mhighest in 7 years
2020: €2.11M▼ -3.1% vs 2019
2021: €1.96M▼ -6.9% vs 2020
2022: €378k▼ -80.7% vs 2021
2023: €310k▼ -18.1% vs 2022
2024: €90k▼ -70.8% vs 2023
2025: €72k▼ -19.8% vs 2024lowest in 7 years
2019 → 2025
Solvency
100.0%▲ 0.5pp
2024 · 99.4%
2019: 19.5%
2020: 24.4%▲ +25.2% vs 2019
2021: 37.3%▲ +53.1% vs 2020
2022: 12.0%▼ -67.9% vs 2021lowest in 7 years
2023: 99.9%▲ +734% vs 2022
2024: 99.4%▼ -0.5% vs 2023
2025: 100.0%▲ +0.5% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€732k-€45k▼ 93.8%€310k▲ 583%€90k▼ 71.0%€72k▼ 19.3%
2021: €732khighest in 5 years
2022: €45k▼ -93.8% vs 2021lowest in 5 years
2023: €310k▲ +583% vs 2022
2024: €90k▼ -71.0% vs 2023
2025: €72k▼ -19.3% vs 2024
Operating result€300k-€335k▲ 11.6%€216k▼ 35.5%€4▼ 100.0%€-17k
2021: €300k
2022: €335k▲ +11.6% vs 2021highest in 5 years
2023: €216k▼ -35.5% vs 2022
2024: €4▼ -100.0% vs 2023
2025: €-17k▼ -461686% vs 2024lowest in 5 years
Net result€218k-€-686k€264k€158▼ 99.9%€-17k
2021: €218k
2022: €-686k▼ -414% vs 2021lowest in 5 years
2023: €264k▲ +139% vs 2022highest in 5 years
2024: €158▼ -99.9% vs 2023
2025: €-17k▼ -11120% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €17k after €4 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €72k
Fixed assets
€53k ▼ 4.5%
Current assets
€20k ▼ 43.5%
Equity and liabilities €72k
Equity
€72k ▼ 19.3%
Debt
€32 ▼ 93.9%
Debt's share of the balance-sheet total falls from 0.6% to 0.0%. Equity and debt are lower.
Key figures and ratios
ROE
-24.0%▼
2024 · 0.2%
ROA
-24.0%▼
2024 · 0.2%
Debt ≤ 1 year
€32▼
2024 · €521
Income taxes
€173▼
2024 · €1k
A ratio outside any meaningful range has been withheld (balance sheet total €72k, equity €72k).
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 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€90k€72k▼
Fixed assets21/28€55k€53k▼
Tangible fixed assets22/27€2k€0▼
Plant, machinery and equipment23€569€0▼
Furniture and vehicles24€1k€0▼
Other tangible fixed assets26€411€0▼
Financial fixed assets28€53k€53k=
Current assets29/58€35k€20k▼
Amounts receivable within one year40/41€23k€3k▼
Trade receivables40€0-
Other amounts receivable41€23k€3k▼
Current investments50/53€9k€9k=
Cash at bank and in hand54/58€4k€8k▲
Equity and liabilities
Total equity and liabilities10/49€90k€72k▼
Equity10/15€90k€72k▼
Contributions10/11€19k€19k=
Reserves13€207k€207k=
Distributable reserves133€207k€207k=
Profit (loss) carried forward14€-136k€-153k▼
Amounts payable17/49€521€32▼
Amounts payable within one year42/48€521€32▼
Trade debts44€489€0▼
Suppliers440/4€489€0▼
Taxes, remuneration and social security45€32€32=
Taxes450/3€32€32=
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€2k▼
Other operating charges640/8€819€478▼
Gross operating margin9900€15k€-14k▼
Operating profit (loss)9901€4€-17k▼
Financial income75/76B€2k€0▼
Recurring financial income75€2k€0▼
Financial charges65/66B€273€214▼
Recurring financial charges65€273€214▼
Profit (loss) for the period before taxes9903€1k€-17k▼
Income taxes67/77€1k€173▼
Profit (loss) for the period9904€158€-17k▼
Profit (loss) for the period to be appropriated9905€158€-17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-136k€-153k▼
Profit (loss) brought forward from the previous period14P€-136k€-136k▲
Transfer from equity791/2€220k€0▼
Profit to be distributed694/7€220k€0▼
Return on contributions (dividend)694€220k€0▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €125k | €186k | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21k | €9k | €22k | €15k | €2k | ▼ 83.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €10k | €0 | - | - | - |
| Other operating charges640/8 | - | €23k | €8k | €819 | €478 | ▼ 41.6% |
| Gross operating margin9900 | €328k | €377k | €246k | €15k | €-14k | ▼ 191% |
| Operating profit (loss)9901 | €300k | €335k | €216k | €4 | €-17k | ▼ 461,686% |
| Financial income75/76B | - | - | €105k | €2k | €0 | ▼ 100% |
| Recurring financial income75 | - | - | €105k | €2k | €0 | ▼ 100% |
| Financial charges65/66B | - | €940k | €2k | €273 | €214 | ▼ 21.5% |
| Recurring financial charges65 | €7k | €940k | €2k | €273 | €214 | ▼ 21.5% |
| Profit (loss) for the period before taxes9903 | €292k | €-606k | €320k | €1k | €-17k | ▼ 1,305% |
| Income taxes67/77 | €74k | €80k | €55k | €1k | €173 | ▼ 86.4% |
| Profit (loss) for the period9904 | €218k | €-686k | €264k | €158 | €-17k | ▼ 11,120% |
| Profit (loss) for the period to be appropriated9905 | €218k | €-686k | €264k | €158 | €-17k | ▼ 11,120% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.96M | €378k | €310k | €90k | €72k | ▼ 19.8% |
| Fixed assets21/28 | €1.77M | €319k | €70k | €55k | €53k | ▼ 4.5% |
| Tangible fixed assets22/27 | €787k | €261k | €17k | €2k | €0 | ▼ 100% |
| Land and buildings22 | - | €222k | €0 | - | - | - |
| Plant, machinery and equipment23 | - | €11k | €5k | €569 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | €24k | €10k | €1k | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | €4k | €2k | €411 | €0 | ▼ 100% |
| Financial fixed assets28 | €979k | €59k | €53k | €53k | €53k | = |
| Current assets29/58 | €195k | €59k | €240k | €35k | €20k | ▼ 43.5% |
| Amounts receivable within one year40/41 | €84k | €20k | €63k | €23k | €3k | ▼ 88.4% |
| Trade receivables40 | - | €20k | €510 | €0 | - | - |
| Other amounts receivable41 | - | - | €62k | €23k | €3k | ▼ 88.4% |
| Current investments50/53 | - | €5k | €9k | €9k | €9k | = |
| Cash at bank and in hand54/58 | €111k | €34k | €168k | €4k | €8k | ▲ 133% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.96M | €378k | €310k | €90k | €72k | ▼ 19.8% |
| Equity10/15 | €732k | €45k | €310k | €90k | €72k | ▼ 19.3% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €713k | €429k | €427k | €207k | €207k | = |
| Non-distributable reserves130/1 | - | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €0 | - | - | - |
| Distributable reserves133 | - | €427k | €427k | €207k | €207k | = |
| Profit (loss) carried forward14 | - | €-402k | €-136k | €-136k | €-153k | ▼ 12.8% |
| Amounts payable17/49 | €1.23M | €333k | €199 | €521 | €32 | ▼ 93.9% |
| Amounts payable after more than one year17 | €893k | €244k | €0 | - | - | - |
| Financial debts170/4 | - | €244k | €0 | - | - | - |
| Amounts payable within one year42/48 | €317k | €88k | €199 | €521 | €32 | ▼ 93.9% |
| Current portion of amounts payable after more than one year42 | - | €15k | €0 | - | - | - |
| Trade debts44 | €4k | €3k | €199 | €489 | €0 | ▼ 100% |
| Suppliers440/4 | - | €3k | €199 | €489 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | €24k | €0 | €32 | €32 | = |
| Taxes450/3 | - | €24k | €0 | €32 | €32 | = |
| Other amounts payable47/48 | - | €47k | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €218k | €-686k | €264k | €158 | €-17k | ▼ 11,120% |
| + Depreciation and write-downs630 | €21k | €9k | €22k | €15k | €2k | ▼ 83.1% |
| Operating cash flow (approximation) | €240k | €-677k | €286k | €15k | €-15k | ▼ 201% |
| Investment in fixed assets (approximation) | - | €1.44M | €228k | €0 | €0 | - |
| Change in cash | - | €-77k | €135k | €-165k | €5k | ▲ 103% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity times 9current ratio 631.84
Current ratio from 67.95 to 631.84; short-term debt falls from €521 to €32.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 22 days late
2023
31-12
Financial
Back to profitnet €264k
Net result €264k after one loss-making year.
31-12
Financial
Liquidity times 1812current ratio 1206.75
Current ratio from 0.67 to 1206.75; short-term debt falls from €88k to €199.
31-12
Financial
Equity above €200kEq €310k ▲583%
Equity rises from €45k to €310k.
2022
13-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
30-06
Financial
Weakest financial yearnet €-686k
Net result drops to €-686k, the lowest in the series; recovery starts the following year.
2021
09-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
17-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Equity above €500kEq €513k ▲21.3%
2 profitable years in a row build equity to €513k.
Show earlier events
13-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
09-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
27-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
23-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
6 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, Kasterlee · 1 establishment unit since 2008
Ground area
2.5 ha
Building footprint
297 m²
Volume, LiDAR
1,869 m³
Parcel 13017C0875/00A000, Flanders · tallest building 11.3 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Waarom
since 20082.173.637.267
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13017C0875/00A000 | Flanders | 2.5 ha | 1 · 297 m² | 11.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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
Legal Entity Identifier
967600O7CY9Z8PVTKM11
Similar companies · same sector, comparable size
BMC SERVICE
BE 0776.514.494
Brasschaat · Eq €72,437
LIGHTHOUSE TRADE
BE 0720.569.745
Haaltert · Eq €72,435
Jalono
BE 0557.944.790
Retie · Eq €72,392
Jes
BE 0773.668.040
Temse · Eq €72,495
Victor Boxus
BE 0778.936.229
Brugge · Eq €72,514
Of 24,727 companies in sector 64210 we hold annual accounts for 19,768. 11,487 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-09-2008
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
47400Retail sale of information and communication equipment
62200Computer consultancy and computer facilities management
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
95100Repair and maintenance of computers and communication equipment
Scores and ratios are computed by Checked and are not a credit decision.