WAREC
ActiveSummary
WAREC has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €18.37M and a net result of €80k. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 95% of 95 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability39=
Solvency100=
Growth60▼-18
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 1.56 against 1.65 in 2023; short-term debt: 4.1% and cash: 0.1% of total assets), and 4.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
95.9%
Return on assets
0.4%
Age of the figures
21 mo
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
2 d early
2022
7 d early
2021
13 d early
2020
18 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€645k▼ 2.9%
2023 · €665k
2023: €665k
2023 → 2024
EBIT margin
16.7%▼ 2.4pp
2023 · 19.1%
2023: 19.1%
2023 → 2024
Net result
€80k▼ 14.7%
2023 · €94k
2020: €20k
2021: €146k
2022: €103k
2023: €94k
2020 → 2024
Working capital
€444k▲ 21.9%
2023 · €364k
2020: €22k
2021: €168k
2022: €271k
2023: €364k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€665k€645k▼ 2.9%
Equity€17.95M-€18.10M▲ 0.8%€18.20M▲ 0.6%€18.29M▲ 0.5%€18.37M▲ 0.4%
Operating result€27k-€199k▲ 623%€138k▼ 30.4%€127k▼ 8.1%€108k▼ 15.2%
Net result€20k-€146k▲ 623%€103k▼ 29.4%€94k▼ 8.9%€80k▼ 14.7%
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 15% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €19.16M
Fixed assets
€17.93M =
Current assets
€1.23M ▲ 33.0%
Equity and liabilities €19.16M
Equity
€18.37M ▲ 0.4%
Debt
€789k ▲ 40.0%
Debt's share of the balance-sheet total rises from 3.0% to 4.1%. Equity and debt are higher.
Key figures and ratios
Current ratio
1.56▼
2023 · 1.65
Debt to equity
0.04▲
2023 · 0.03
ROE
0.4%▼
2023 · 0.5%
ROA
0.4%▼
2023 · 0.5%
Debt ≤ 1 year
€787k▲
2023 · €562k
Income taxes
€28k▼
2023 · €32k
Staff costs
€313k▼
2023 · €314k
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 · 2024 against 2023 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€18.86M€19.16M▲
Fixed assets21/28€17.93M€17.93M=
Financial fixed assets28€17.93M€17.93M=
Affiliated companies280/1€17.93M€17.93M=
Participating interests280€17.93M€17.93M=
Other financial fixed assets284/8€363€363=
Amounts receivable and cash guarantees285/8€363€363=
Current assets29/58€926k€1.23M▲
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€915k€1.20M▲
Trade receivables40€16k€54k▲
Other amounts receivable41€899k€1.15M▲
Cash at bank and in hand54/58€8k€23k▲
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€18.86M€19.16M▲
Equity10/15€18.29M€18.37M▲
Contributions10/11€17.93M€17.93M=
Reserves13€363k€443k▲
Distributable reserves133€363k€443k▲
Amounts payable17/49€564k€789k▲
Amounts payable within one year42/48€562k€787k▲
Trade debts44€51k€273k▲
Suppliers440/4€51k€273k▲
Taxes, remuneration and social security45€35k€38k▲
Taxes450/3€2k€1k▼
Remuneration and social security454/9€33k€37k▲
Other amounts payable47/48€476k€476k=
Accrued charges and deferred income492/3€2k€2k=
Income statement
Code20232024
Operating income70/76A€666k€646k▼
Turnover70€665k€645k▼
Other operating income74€769€443▼
Operating charges60/66A€539k€538k▼
Goods for resale, raw materials and consumables60€5k€0▼
Purchases600/8€5k€0▼
Services and other goods61€218k€224k▲
Remuneration, social security and pensions62€314k€313k▼
Other operating charges640/8€1k€1k▲
Operating profit (loss)9901€127k€108k▼
Financial charges65/66B€1k€39▼
Recurring financial charges65€1k€39▼
Other financial charges652/9€1k€39▼
Profit (loss) for the period before taxes9903€126k€108k▼
Income taxes67/77€32k€28k▼
Taxes670/3€32k€28k▼
Profit (loss) for the period9904€94k€80k▼
Profit (loss) for the period to be appropriated9905€94k€80k▼
Appropriation of the result
Profit (loss) to be appropriated9906€94k€80k▼
Transfer to equity691/2€94k€80k▼
To other reserves6921€94k€80k▼
Social balance
Average headcount (FTE)90873.84.0▲
The notes to these accounts (34 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2020net €146k ▲623%
Operating result €199k, net result €146k, both a record.
13-07
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 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Waregem · 1 establishment unit since 2020
Ground area
9,373 m²
Building footprint
151 m²
Volume, LiDAR
466 m³
Parcel 34010A0865/00D000, Flanders · tallest building 3.4 m, ±1 floor. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
WAREC
since 20202.298.204.073
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34010A0865/00D000 | Flanders | 9,373 m² | 1 · 150 m² | 3.4 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 5,044 EUR awarded · 5,043 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 3,900 EUR | 3,900 EUR |
| 2023 | 1 | 0 EUR | 105 EUR |
| 2022 | 1 | 1,144 EUR | 1,038 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
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ENTRE TERRE ET PIERRE
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Of 57 companies in sector 08112 we hold annual accounts for 49. 20 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 formPrivate limited company
Founded17-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
08112Other mining and quarrying
42110Construction of roads and motorways
08121Other mining and quarrying
23610Manufacture of other non-metallic mineral products
23630Manufacture of other non-metallic mineral products
38330Waste collection, recovery and disposal activities
39000Remediation activities and other waste management service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.