WARDEN
ActiveSummary
WARDEN has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3k and a net result of €82k. Equity is shrinking by ~36.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 10% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency28▼-14
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
3%
Return on assets
79%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 17090 sector peers (2025).
NBB · sector comparisonPosition among 17090 sector peers
Solvency
better than 10%
← weakest
strongest →
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 23-04-2026, 99 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
99 d early
2024
35 d early
2023
6 d early
2022
32 d early
2021
4 d early
2020
31 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
€3k▼ 89.0%
2024 · €28k
2020: €57k
2021: €108k▲ +91.6% vs 2020
2022: €146k▲ +34.9% vs 2021highest in 6 years
2023: €81k▼ -44.5% vs 2022
2024: €28k▼ -65.4% vs 2023
2025: €3k▼ -89.0% vs 2024lowest in 6 years
2020 → 2025
Total assets
€104k▼ 36.5%
2024 · €164k
2020: €77klowest in 6 years
2021: €128k▲ +66.0% vs 2020
2022: €160k▲ +24.6% vs 2021
2023: €92k▼ -42.6% vs 2022
2024: €164k▲ +79.3% vs 2023highest in 6 years
2025: €104k▼ -36.5% vs 2024
2020 → 2025
Net result
€82k▲ 25.5%
2024 · €66k
2020: €54k
2021: €52k▼ -3.3% vs 2020lowest in 6 years
2022: €63k▲ +21.3% vs 2021
2023: €55k▼ -12.5% vs 2022
2024: €66k▲ +19.6% vs 2023
2025: €82k▲ +25.5% vs 2024highest in 6 years
2020 → 2025
Working capital
€-591
2024 · €29k
2020: €56k
2021: €106k▲ +88.3% vs 2020
2022: €145k▲ +36.7% vs 2021highest in 6 years
2023: €79k▼ -45.1% vs 2022
2024: €29k▼ -63.1% vs 2023
2025: €-591▼ -102% vs 2024lowest in 6 years
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€108k-€146k▲ 34.9%€81k▼ 44.5%€28k▼ 65.4%€3k▼ 89.0%
2021: €108k
2022: €146k▲ +34.9% vs 2021highest in 5 years
2023: €81k▼ -44.5% vs 2022
2024: €28k▼ -65.4% vs 2023
2025: €3k▼ -89.0% vs 2024lowest in 5 years
Operating result€66k-€79k▲ 20.9%€72k▼ 8.9%€83k▲ 15.1%€104k▲ 24.7%
2021: €66klowest in 5 years
2022: €79k▲ +20.9% vs 2021
2023: €72k▼ -8.9% vs 2022
2024: €83k▲ +15.1% vs 2023
2025: €104k▲ +24.7% vs 2024highest in 5 years
Net result€52k-€63k▲ 21.3%€55k▼ 12.5%€66k▲ 19.6%€82k▲ 25.5%
2021: €52klowest in 5 years
2022: €63k▲ +21.3% vs 2021
2023: €55k▼ -12.5% vs 2022
2024: €66k▲ +19.6% vs 2023
2025: €82k▲ +25.5% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 25% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €104k
Fixed assets
€6k ▲ 155%
Current assets
€98k ▼ 39.2%
Equity and liabilities €104k
Equity
€3k ▼ 89.0%
Debt
€101k ▼ 25.6%
Debt's share of the balance-sheet total rises from 82.9% to 97.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€106k▲
2024 · €84k
Cash flow
€84k▲
2024 · €67k
Current ratio
0.99▼
2024 · 1.22
Debt to equity
32.88▲
2024 · 4.85
ROA
79.0%▲
2024 · 40.0%
Interest coverage
759.31▲
2024 · 126.37
Debt ≤ 1 year
€99k▼
2024 · €133k
Income taxes
€21k▲
2024 · €17k
A ratio outside any meaningful range has been withheld (balance sheet total €104k, equity €3k).
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 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€164k€104k▼
Fixed assets21/28€2k€6k▲
Tangible fixed assets22/27€2k€6k▲
Plant, machinery and equipment23-€3k
Furniture and vehicles24€2k€3k▲
Current assets29/58€162k€98k▼
Amounts receivable within one year40/41€20k€14k▼
Trade receivables40€17k€14k▼
Other amounts receivable41€3k-
Cash at bank and in hand54/58€141k€83k▼
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€164k€104k▼
Equity10/15€28k€3k▼
Contributions10/11€3k€3k=
Reserves13€25k-
Distributable reserves133€25k-
Profit (loss) carried forward14€78€78=
Amounts payable17/49€136k€101k▼
Amounts payable within one year42/48€133k€99k▼
Trade debts44€173€1k▲
Suppliers440/4€173€1k▲
Taxes, remuneration and social security45€30k€14k▼
Taxes450/3€30k€14k▼
Other amounts payable47/48€103k€83k▼
Accrued charges and deferred income492/3€3k€2k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€2k▲
Other operating charges640/8€387€400▲
Gross operating margin9900€85k€106k▲
Operating profit (loss)9901€83k€104k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€668€139▼
Recurring financial charges65€668€139▼
Profit (loss) for the period before taxes9903€83k€104k▲
Income taxes67/77€17k€21k▲
Profit (loss) for the period9904€66k€82k▲
Profit (loss) for the period to be appropriated9905€66k€82k▲
Appropriation of the result
Profit (loss) to be appropriated9906€66k€82k▲
Profit (loss) brought forward from the previous period14P€78€78=
Transfer from equity791/2€53k€25k▼
Profit to be distributed694/7€119k€107k▼
Return on contributions (dividend)694€119k€107k▼
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €815 | €1k | €1k | €1k | €2k | ▲ 65.5% |
| Other operating charges640/8 | - | - | €384 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | €67k | €80k | €74k | €85k | €106k | ▲ 25.1% |
| Operating profit (loss)9901 | €66k | €79k | €72k | €83k | €104k | ▲ 24.7% |
| Financial income75/76B | - | €1 | €0 | €0 | - | - |
| Recurring financial income75 | - | €1 | €0 | €0 | - | - |
| Financial charges65/66B | €363 | €726 | €4k | €668 | €139 | ▼ 79.2% |
| Recurring financial charges65 | €363 | €726 | €4k | €668 | €139 | ▼ 79.2% |
| Profit (loss) for the period before taxes9903 | €65k | €79k | €69k | €83k | €104k | ▲ 25.6% |
| Income taxes67/77 | €14k | €16k | €14k | €17k | €21k | ▲ 26.0% |
| Profit (loss) for the period9904 | €52k | €63k | €55k | €66k | €82k | ▲ 25.5% |
| Profit (loss) for the period to be appropriated9905 | €52k | €63k | €55k | €66k | €82k | ▲ 25.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €128k | €160k | €92k | €164k | €104k | ▼ 36.5% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €3k | €2k | €2k | €2k | €6k | ▲ 155% |
| Tangible fixed assets22/27 | €3k | €2k | €2k | €2k | €6k | ▲ 155% |
| Plant, machinery and equipment23 | - | - | - | - | €3k | - |
| Furniture and vehicles24 | €3k | €2k | €2k | €2k | €3k | ▲ 13.8% |
| Current assets29/58 | €126k | €158k | €90k | €162k | €98k | ▼ 39.2% |
| Amounts receivable within one year40/41 | €13k | €35k | €3k | €20k | €14k | ▼ 30.8% |
| Trade receivables40 | €13k | €35k | €0 | €17k | €14k | ▼ 17.6% |
| Other amounts receivable41 | €30 | €30 | €3k | €3k | - | - |
| Cash at bank and in hand54/58 | €112k | €123k | €84k | €141k | €83k | ▼ 41.1% |
| Deferred charges and accrued income490/1 | - | - | €3k | €1k | €2k | ▲ 37.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €128k | €160k | €92k | €164k | €104k | ▼ 36.5% |
| Equity10/15 | €108k | €146k | €81k | €28k | €3k | ▼ 89.0% |
| Contributions10/11 | €3k | €3k | €3k | €3k | €3k | = |
| Reserves13 | €105k | €143k | €78k | €25k | - | - |
| Distributable reserves133 | €105k | €143k | €78k | €25k | - | - |
| Profit (loss) carried forward14 | €312 | €137 | €78 | €78 | €78 | = |
| Amounts payable17/49 | €20k | €13k | €10k | €136k | €101k | ▼ 25.6% |
| Amounts payable within one year42/48 | €20k | €13k | €10k | €133k | €99k | ▼ 25.3% |
| Trade debts44 | €65 | €2k | €86 | €173 | €1k | ▲ 670% |
| Suppliers440/4 | €65 | €2k | €86 | €173 | €1k | ▲ 670% |
| Taxes, remuneration and social security45 | €20k | €11k | €10k | €30k | €14k | ▼ 51.8% |
| Taxes450/3 | €20k | €11k | €10k | €30k | €14k | ▼ 51.8% |
| Other amounts payable47/48 | - | - | - | €103k | €83k | ▼ 18.9% |
| Accrued charges and deferred income492/3 | - | - | - | €3k | €2k | ▼ 35.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €52k | €63k | €55k | €66k | €82k | ▲ 25.5% |
| + Depreciation and write-downs630 | €815 | €1k | €1k | €1k | €2k | ▲ 65.5% |
| Operating cash flow (approximation) | €53k | €64k | €56k | €67k | €84k | ▲ 26.1% |
| Investment in fixed assets (approximation) | - | €0 | €-1k | €-2k | €-5k | ▼ 232% |
| Change in cash | - | €11k | €-40k | €57k | €-58k | ▼ 202% |
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
23-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2020net €82k ▲25.5%
Operating result €104k, net result €82k, both a record.
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €52k ▼3.3%
Net result drops to €52k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €100kEq €108k ▲91.6%
2 profitable years in a row build equity to €108k.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Sint-Genesius-Rode · 1 establishment unit since 2020
Ground area
396 m²
Building footprint
71 m²
Volume, LiDAR
657 m³
Parcel 22004A0033/00A004, Flanders · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
WARDEN
since 20202.300.160.010
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22004A0033/00A004 | Flanders | 396 m² | 1 · 71 m² | 11.5 m · 3 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.
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Of 29,993 companies in sector 62200 we hold annual accounts for 18,396. 4,349 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
Founded18-02-2020
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.