Equity
-€55,564
Debts exceed assets in financial year 2025.
Warande Projects
Lifetime
1 annual account with figurespeak -€56,638 (2025)
-€56,638
lowest -€61,564 (2025)
-€61,564
peak -€55,564 (2025)
-€55,564
€93,267
Board6 names since 2024
4 directorsCHRISTOPHER KUMPEN REAL ESTATE DEVELOPMENT and 3 others
Owners3 names in the annual accounts
33.33%GINCO PROPERTIES and 2 others
Documentsfilings and deeds
24-08-202624 days late
2025abbreviated format
Loss of €61,564First year with figures
Key points
from the 2025 annual accountsDebts
€93,267 247% of the balance sheet
Position in the sector
-147.4%
Lower solvency than 95% of companies in real estate. Sector median 30.7% · 11,297 companies.
2025 accounts filed 24 days after the deadlineTurnover not published (abbreviated format)
Checked score
53
Fair
Financially stronger than 9% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
04-2025: 0.7%lowest value
05-2025: 0.7%● unchanged vs 04-2025lowest value
06-2025: 0.7%● unchanged vs 05-2025
07-2025: 0.7%● unchanged vs 06-2025
08-2025: 0.8%▲ +0.1 percentage points vs 07-2025
09-2025: 0.9%▲ +0.1 percentage points vs 08-2025
10-2025: 1.0%▲ +0.1 percentage points vs 09-2025
11-2025: 1.0%● unchanged vs 10-2025
12-2025: 0.9%▼ -0.1 percentage points vs 11-2025
01-2026: 0.9%● unchanged vs 12-2025
02-2026: 1.0%▲ +0.1 percentage points vs 01-2026
03-2026: 1.1%▲ +0.1 percentage points vs 02-2026
04-2026: 1.1%● unchanged vs 03-2026highest value
05-2026: 1.1%● unchanged vs 04-2026highest value
06-2026: 1.1%● unchanged vs 05-2026
07-2026: 1.1%● unchanged vs 06-2026
08-2026: 1.1%● unchanged vs 07-2026
09-2026: 1.0%▼ -0.1 percentage points vs 08-2026
10-2026: 1.0%● unchanged vs 09-2026
11-2026: 1.0%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€55,564
Loss of €61,564 (financial year 2025)
lowers risk
Sector: Real estate activities (NACE 68)
Size: total assets €37,703
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 5% of them on solvency, 19% on liquidity and 4% on profitability.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 7,639 companies had the same profile as Warande Projects has now. Each dot stands for 20 companies, two years later.
84.7%
were still trading
5.6%
stopped another way
8.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Warande Projects itself is lower: 1.0% within 12 months. It rests on far more data about Warande Projects than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,639 companies, not a prediction for Warande Projects. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.4, below 1. Short-term debt is 247.4% and cash 19.9% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises risk
raises risk · Young company
Founded in 2024, 2 years ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation dateAge against the risk zone
raises risk · 2025 accounts filed 24 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2025
24 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Board and ownership
CK
CHRISTOPHER KUMPEN REAL ESTATE DEVELOPMENT
Director, since 20-03-2024
- GINCO PROPERTIES 33.33%score 86equity €4.5m (2025) · 2025 annual accounts of GINCO PROPERTIES
- LIVE LAUD 33.33%score 93equity €4.4m (2025) · 2025 annual accounts of LIVE LAUD
- UNIQ WONEN 33.33%score 92equity €130,204 (2025) · 2025 annual accounts of UNIQ WONEN
Recent changes
New director
Astrid HENDRICKX appointed, UNIQ WONEN resigned · Permanent representatives: Patrick KOSTER, Olivier HENDRICKX and Christopher KUMPEN · General meeting of 31-08-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1007368853
First establishment
Kardinaal Mercierstraat 10, Diest
Incorporation
Founding capital of €6,000, 600 shares · Founders: LIVE LAUD, UNIQ WONEN and GINCO PROPERTIES · Appointments: CHRISTOPHER KUMPEN REAL ESTATE DEVELOPMENT (director), UNIQ WONEN (director), GINCO PROPERTIES (director), VERMEULEN Cathérine Mathilde (director) and CDO LEUVEN (statutory auditor) · published on 22-03-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Warande Projects Diest | €37,703 | -€56,638 | -147.4% | - |
| PRO RED Hasselt | €33,834 | -€2,841 | 29.1% | - |
| PROMO DU BULTIA Ham-sur-Heure-Nalinnes | €37,737 | -€26,865 | 28.4% | - |
| Looyens & de Koning Antwerp | €43,213 | -€224,333 | -498.3% | - |
| Thyberghien Management Schoten | €30,456 | -€32,909 | -71.9% | - |
| L’ENTRE DEUX IMMO Ciney | €47,762 | -€1,684 | 99.9% | - |
| Provyn Construct Tielt | €33,860 | -€4,416 | -123.8% | - |
These companies have the same main activity as Warande Projects: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €30,500 and €47,800, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 20-03-2024Normal situation
- Activity
- Development of residential building projectsNACE 68121
- Establishment unit
- 2.358.566.3813290 Diest, since 01-05-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 02-12-2025
Insights on Warande Projects
Warande Projects has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€55,564) and a net result of -€61,564.
Its solvency ranks better than 5% of 11,297 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Warande Projects
- What is the company number of Warande Projects?
- The company number of Warande Projects is 1007.368.853. The VAT number is the same number with BE in front: BE 1007.368.853.
- Where is Warande Projects based?
- The registered office is at Kardinaal Mercierstraat 10, 3290 Diest.Company details
- What does Warande Projects do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of Warande Projects?
- Warande Projects is a private limited company (BV).
- When was Warande Projects founded?
- Warande Projects was founded on 20-03-2024.
- Is Warande Projects still active?
- Yes, Warande Projects is an active enterprise in the KBO register.
- What is the turnover of Warande Projects?
- The annual accounts for financial year 2025 state no turnover. The abbreviated format does not require it.Financials
- Is Warande Projects profitable?
- In financial year 2025, Warande Projects made a loss of €61,564.
- Where can I find the annual accounts of Warande Projects?
- Warande Projects filed 1 annual account with the National Bank of Belgium, for financial year 2025.
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