WAREC
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 26-06-2026 at the NBB all 6 filings
2021 to 2025, 5 financial years 2020 to 2025, 6 financial years
The operating result for 2025 is a loss of €49,804, after a profit of €107,712 in 2024. It is the lowest result since 2021.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Other mining and quarrying (NACE 08). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 3 | 3 | 4 | 4 | 4 |
| full-time | 3 | 3 | 4 | 4 | 4 |
| part-time | 0 | 0 | 0 | 0 | 0 |
| in full-time equivalents | 3 | 3 | 4 | 4 | 4 |
| Average over the year, in full-time equivalents | 2.9 | 4.9 | 3.8 | 4 | 4 |
| On a permanent contract | 3 | 3 | 4 | 4 | 4 |
| Joined | 1 | 10 | 1 | - | - |
| Left | 1 | 10 | 0 | - | - |
| Training hours | 17 | 32 | 132 | 130 | 24 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Subsidies and aid
Flemish government
2022 to 2025 · 3 entries · €5,044 awarded · €5,043 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €3,900 | €3,900 |
| 2023 | 1 | €0 | €105 |
| 2022 | 1 | €1,144 | €1,038 |
Comparable companies
These companies have the same main activity as WAREC: other mining and quarrying (NACE 08112). They are comparable in size and age: total assets between €3.1m and €8.5m, founded between 1994 and 2023.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|---|
| WAREC Waregem | 2020 | €19.3m | €18.3m | - | €0.5m | -€0.05m | 4 | 2025 |
| ENTRE TERRE ET PIERRE Huy | 2023 | €7.6m | €7.3m | -€0.04m | - | €0.01m | - | 2025 |
| Calcaires de la Rive Gauche I Nivelles | 2011 | €7.7m | €2.1m | - | - | -€0.4m | - | 2025 |
| HMC Riemst | 2020 | €3.1m | €0.7m | €0.9m | - | €0.2m | 0 | 2025 |
| LABEYE Services Saint-Georges-sur-Meuse | 2009 | €4.2m | €1.4m | €2.0m | - | €0.3m | 12.9 | 2025 |
| FRECAMAT Bastogne | 1994 | €8.5m | €3.4m | €2.0m | - | €0.2m | 2 | 2025 |
| CARRIERE DU BAY-BONNET Trooz | 2021 | €7.4m | €1.6m | €3.4m | €7.9m | €0.3m | 15 | 2025 |
They were chosen from the 48 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €665,592 | €645,934 | €475,318 | ▼ 26.4% |
| Turnover70 | - | - | - | €664,823 | €645,491 | €467,644 | ▼ 27.6% |
| Other operating income74 | - | - | - | €769 | €443 | €7,674 | ▲ 17× |
| Operating charges60/66A | - | - | - | €538,562 | €538,222 | €525,122 | ▼ 2.4% |
| Goods for resale, raw materials and consumables60 | - | - | - | €5,212 | €0 | €7,786 | - |
| Purchases600/8 | - | - | - | €5,212 | €0 | €7,786 | - |
| Services and other goods61 | - | - | - | €218,167 | €223,762 | €185,784 | ▼ 17.0% |
| Remuneration, social security and pensions62 | - | €181,243 | €273,591 | €314,108 | €313,285 | €330,425 | ▲ 5.5% |
| Other operating charges640/8 | - | €459 | €1,144 | €1,075 | €1,176 | €1,126 | ▼ 4.2% |
| Gross operating margin9900 | €208,346 | €380,298 | €412,998 | - | - | - | - |
| Operating profit (loss)9901 | €27,453 | €198,596 | €138,263 | €127,029 | €107,712 | -€49,804 | - |
| Financial charges65/66B | - | €2,358 | €787 | €1,246 | €39 | €85 | ▲ 118% |
| Recurring financial charges65 | €24 | €2,358 | €787 | €1,246 | €39 | €85 | ▲ 118% |
| Other financial charges652/9 | - | - | - | €1,246 | €39 | €85 | ▲ 118% |
| Profit (loss) for the period before taxes9903 | €27,428 | €196,238 | €137,476 | €125,783 | €107,672 | -€49,889 | - |
| Income taxes67/77 | €7,265 | €50,418 | €34,585 | €32,062 | €27,733 | €165 | ▼ 99.4% |
| Taxes670/3 | - | - | - | €32,062 | €27,733 | €165 | ▼ 99.4% |
| Profit (loss) for the period9904 | €20,163 | €145,820 | €102,891 | €93,721 | €79,940 | -€50,054 | - |
| Profit (loss) for the period to be appropriated9905 | €20,163 | €145,820 | €102,891 | €93,721 | €79,940 | -€50,054 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €18.0m | €18.4m | €18.7m | €18.9m | €19.2m | €19.3m | ▲ 0.7% |
| Fixed assets21/28 | €17.9m | €17.9m | €17.9m | €17.9m | €17.9m | €17.9m | = |
| Financial fixed assets28 | €17.9m | €17.9m | €17.9m | €17.9m | €17.9m | €17.9m | = |
| Affiliated companies280/1 | - | - | - | €17.9m | €17.9m | €17.9m | = |
| Participating interests280 | - | - | - | €17.9m | €17.9m | €17.9m | = |
| Other financial fixed assets284/8 | - | - | - | €363 | €363 | €0 | ▼ 100% |
| Amounts receivable and cash guarantees285/8 | - | - | - | €363 | €363 | €0 | ▼ 100% |
| Current assets29/58 | €0.06m | €0.5m | €0.8m | €0.9m | €1.2m | €1.4m | ▲ 10.4% |
| Stocks and contracts in progress3 | - | - | - | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €0.03m | €0.3m | €0.8m | €0.9m | €1.2m | €1.3m | ▲ 12.1% |
| Trade receivables40 | - | €0.04m | €0.1m | €0.02m | €0.05m | €0.05m | ▼ 6.9% |
| Other amounts receivable41 | - | €0.3m | €0.7m | €0.9m | €1.1m | €1.3m | ▲ 13.0% |
| Cash at bank and in hand54/58 | €0.03m | €0.2m | €0.03m | €0.008m | €0.02m | €0.005m | ▼ 77.1% |
| Deferred charges and accrued income490/1 | - | €269 | €0.003m | €0.003m | €0.004m | €0.004m | ▲ 8.1% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €18.0m | €18.4m | €18.7m | €18.9m | €19.2m | €19.3m | ▲ 0.7% |
| Equity10/15 | €18.0m | €18.1m | €18.2m | €18.3m | €18.4m | €18.3m | ▼ 0.3% |
| Contributions10/11 | - | €17.9m | €17.9m | €17.9m | €17.9m | €17.9m | = |
| Reserves13 | €0.02m | €0.2m | €0.3m | €0.4m | €0.4m | €0.4m | ▼ 11.3% |
| Distributable reserves133 | - | €0.2m | €0.3m | €0.4m | €0.4m | €0.4m | ▼ 11.3% |
| Amounts payable17/49 | €0.04m | €0.3m | €0.5m | €0.6m | €0.8m | €1.0m | ▲ 22.5% |
| Amounts payable within one year42/48 | €0.04m | €0.3m | €0.5m | €0.6m | €0.8m | €1.0m | ▲ 22.5% |
| Financial debts43 | - | - | - | - | - | €0.02m | - |
| Credit institutions430/8 | - | - | - | - | - | €0.02m | - |
| Trade debts44 | €0.02m | €0.05m | €0.09m | €0.05m | €0.3m | €0.02m | ▼ 93.5% |
| Suppliers440/4 | - | €0.05m | €0.09m | €0.05m | €0.3m | €0.02m | ▼ 93.5% |
| Taxes, remuneration and social security45 | - | €0.01m | €0.05m | €0.03m | €0.04m | €0.03m | ▼ 19.2% |
| Taxes450/3 | - | €0.004m | €0.04m | €0.002m | €0.001m | €0.01m | ▲ 694% |
| Remuneration and social security454/9 | - | €0.01m | €0.02m | €0.03m | €0.04m | €0.02m | ▼ 44.4% |
| Other amounts payable47/48 | - | €0.2m | €0.4m | €0.5m | €0.5m | €0.9m | ▲ 88.3% |
| Accrued charges and deferred income492/3 | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,163 | €145,820 | €102,891 | €93,721 | €79,940 | -€50,054 | - |
| Operating cash flow (approximation) | €20,163 | €145,820 | €102,891 | €93,721 | €79,940 | -€50,054 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €363 | - |
| Change in cash | - | €136,523 | -€133,875 | -€24,987 | €15,598 | -€18,008 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 26-06-2026 | 2026-00216958 | NBB |
| 31-12-2024 | full format | 29-08-2025 | 2025-00445915 | |
| 31-12-2023 | full format | 29-07-2024 | 2024-00299962 | |
| 31-12-2022 | abbreviated format | 24-07-2023 | 2023-00263590 | |
| 31-12-2021 | abbreviated format | 18-07-2022 | 2022-20194898 | |
| 31-12-2020 | abbreviated format | 13-07-2021 | 2021-34700497 |