WAREGEM EXPO
ActiveSummary
WAREGEM EXPO has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.44M and a net result of €-22k. Equity is growing by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 50% of 2003 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability45▼-11
Solvency74▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity ample (current ratio 3.32 against 3.34 in 2024; short-term debt: 7.9% and cash: 4.3% of total assets), but 50.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
49.3%
Return on assets
-0.8%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 11-03-2026, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
71 d early
2023
64 d early
2022
53 d early
2021
30 d early
2020
3 d early
2019
52 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.44M▼ 1.5%
2024 · €1.46M
2018: €1.16Mlowest in 8 years
2019: €1.24M▲ +6.8% vs 2018
2020: €1.29M▲ +4.2% vs 2019
2021: €1.27M▼ -1.6% vs 2020
2022: €1.35M▲ +6.3% vs 2021
2023: €1.40M▲ +3.9% vs 2022
2024: €1.46M▲ +3.9% vs 2023highest in 8 years
2025: €1.44M▼ -1.5% vs 2024
2018 → 2025
Total assets
€2.91M▲ 0.4%
2024 · €2.90M
2018: €2.18Mlowest in 8 years
2019: €2.26M▲ +3.6% vs 2018
2020: €2.22M▼ -1.7% vs 2019
2021: €2.39M▲ +7.6% vs 2020
2022: €2.83M▲ +18.6% vs 2021
2023: €2.84M▲ +0.4% vs 2022
2024: €2.90M▲ +2.1% vs 2023
2025: €2.91M▲ +0.4% vs 2024highest in 8 years
2018 → 2025
Net result
€-22k
2024 · €55k
2018: €102khighest in 8 years
2019: €79k▼ -22.9% vs 2018
2020: €52k▼ -33.5% vs 2019
2021: €-21k▼ -141% vs 2020
2022: €80k▲ +478% vs 2021
2023: €52k▼ -35.0% vs 2022
2024: €55k▲ +5.2% vs 2023
2025: €-22k▼ -140% vs 2024lowest in 8 years
2018 → 2025
Working capital
€532k▲ 16.7%
2024 · €456k
2018: €499k
2019: €164k▼ -67.2% vs 2018
2020: €311k▲ +90.2% vs 2019
2021: €407k▲ +30.8% vs 2020
2022: €80k▼ -80.3% vs 2021lowest in 8 years
2023: €263k▲ +228% vs 2022
2024: €456k▲ +73.1% vs 2023
2025: €532k▲ +16.7% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.27M-€1.35M▲ 6.3%€1.40M▲ 3.9%€1.46M▲ 3.9%€1.44M▼ 1.5%
2021: €1.27Mlowest in 5 years
2022: €1.35M▲ +6.3% vs 2021
2023: €1.40M▲ +3.9% vs 2022
2024: €1.46M▲ +3.9% vs 2023highest in 5 years
2025: €1.44M▼ -1.5% vs 2024
Operating result€24k-€131k▲ 443%€117k▼ 10.2%€126k▲ 7.2%€66k▼ 47.5%
2021: €24klowest in 5 years
2022: €131k▲ +443% vs 2021highest in 5 years
2023: €117k▼ -10.2% vs 2022
2024: €126k▲ +7.2% vs 2023
2025: €66k▼ -47.5% vs 2024
Net result€-21k-€80k€52k▼ 35.0%€55k▲ 5.2%€-22k
2021: €-21k
2022: €80k▲ +478% vs 2021highest in 5 years
2023: €52k▼ -35.0% vs 2022
2024: €55k▲ +5.2% vs 2023
2025: €-22k▼ -140% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 48% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.91M
Fixed assets
€2.15M ▼ 4.4%
Current assets
€761k ▲ 17.0%
Equity and liabilities €2.91M
Equity
€1.44M ▼ 1.5%
Debt
€1.48M ▲ 2.3%
Debt's share of the balance-sheet total rises from 49.8% to 50.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€210k▼
2024 · €271k
Cash flow
€122k▼
2024 · €201k
Current ratio
3.32▼
2024 · 3.34
Quick ratio
3.30▼
2024 · 3.34
Debt to equity
1.03▲
2024 · 0.99
ROE
-1.5%▼
2024 · 3.8%
ROA
-0.8%▼
2024 · 1.9%
Interest coverage
3.23▼
2024 · 4.17
Debt ≤ 1 year
€229k▲
2024 · €195k
Debt > 1 year
€1.25M=
2024 · €1.25M
Income taxes
€33k▲
2024 · €11k
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 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.90M€2.91M▲
Fixed assets21/28€2.25M€2.15M▼
Tangible fixed assets22/27€2.25M€2.15M▼
Plant, machinery and equipment23€0€27k▲
Other tangible fixed assets26€2.25M€2.13M▼
Current assets29/58€651k€761k▲
Stocks and contracts in progress3-€6k
Stocks30/36-€6k
Amounts receivable within one year40/41€225k€265k▲
Trade receivables40€214k€245k▲
Other amounts receivable41€10k€20k▲
Current investments50/53€330k€350k▲
Cash at bank and in hand54/58€96k€125k▲
Deferred charges and accrued income490/1€0€15k▲
Equity and liabilities
Total equity and liabilities10/49€2.90M€2.91M▲
Equity10/15€1.46M€1.44M▼
Contributions10/11€750k€750k=
Capital10€750k€750k=
Issued capital100€750k€750k=
Reserves13€708k€686k▼
Non-distributable reserves130/1€39k€39k=
Legal reserve130€39k€39k=
Distributable reserves133€669k€647k▼
Amounts payable17/49€1.45M€1.48M▲
Amounts payable after more than one year17€1.25M€1.25M=
Financial debts170/4€1.25M€1.25M=
Amounts payable within one year42/48€195k€229k▲
Trade debts44€7k€18k▲
Suppliers440/4€7k€18k▲
Advances received on contracts in progress46€147k€173k▲
Taxes, remuneration and social security45€3k€1k▼
Taxes450/3€3k€1k▼
Other amounts payable47/48€38k€37k▼
Accrued charges and deferred income492/3€500€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€146k€144k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€14k€0▼
Other operating charges640/8€34k€39k▲
Gross operating margin9900€320k€249k▼
Operating profit (loss)9901€126k€66k▼
Financial income75/76B€6k€10k▲
Recurring financial income75€6k€10k▲
Financial charges65/66B€65k€65k=
Recurring financial charges65€65k€65k=
Profit (loss) for the period before taxes9903€66k€11k▼
Income taxes67/77€11k€33k▲
Profit (loss) for the period9904€55k€-22k▼
Profit (loss) for the period to be appropriated9905€55k€-22k▼
Appropriation of the result
Profit (loss) to be appropriated9906€55k€-22k▼
Transfer from equity791/2-€22k
Transfer to equity691/2€55k€0▼
To the legal reserve6920€3k€0▼
To other reserves6921€52k€0▼
The notes to these accounts (7 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 | €117k | €118k | €148k | €146k | €144k | ▼ 1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €0 | €5k | €14k | €0 | ▼ 100% |
| Other operating charges640/8 | - | €29k | €31k | €34k | €39k | ▲ 14.5% |
| Gross operating margin9900 | €171k | €278k | €302k | €320k | €249k | ▼ 22.1% |
| Operating profit (loss)9901 | €24k | €131k | €117k | €126k | €66k | ▼ 47.5% |
| Financial income75/76B | - | €2k | €0 | €6k | €10k | ▲ 75.9% |
| Recurring financial income75 | €20 | €2k | €0 | €6k | €10k | ▲ 75.9% |
| Financial charges65/66B | - | €52k | €65k | €65k | €65k | = |
| Recurring financial charges65 | €45k | €52k | €65k | €65k | €65k | = |
| Profit (loss) for the period before taxes9903 | €-21k | €80k | €52k | €66k | €11k | ▼ 83.9% |
| Income taxes67/77 | €0 | - | - | €11k | €33k | ▲ 188% |
| Profit (loss) for the period9904 | €-21k | €80k | €52k | €55k | €-22k | ▼ 140% |
| Profit (loss) for the period to be appropriated9905 | €-21k | €80k | €52k | €55k | €-22k | ▼ 140% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.39M | €2.83M | €2.84M | €2.90M | €2.91M | ▲ 0.4% |
| Fixed assets21/28 | €1.61M | €2.52M | €2.39M | €2.25M | €2.15M | ▼ 4.4% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €1.61M | €2.52M | €2.39M | €2.25M | €2.15M | ▼ 4.4% |
| Plant, machinery and equipment23 | - | €2k | €771 | €0 | €27k | - |
| Other tangible fixed assets26 | - | €2.52M | €2.39M | €2.25M | €2.13M | ▼ 5.6% |
| Current assets29/58 | €774k | €311k | €454k | €651k | €761k | ▲ 17.0% |
| Stocks and contracts in progress3 | - | - | - | - | €6k | - |
| Stocks30/36 | - | - | - | - | €6k | - |
| Amounts receivable within one year40/41 | €383k | €229k | €184k | €225k | €265k | ▲ 18.1% |
| Trade receivables40 | - | €192k | €162k | €214k | €245k | ▲ 14.4% |
| Other amounts receivable41 | - | €37k | €22k | €10k | €20k | ▲ 95.3% |
| Current investments50/53 | - | - | €100k | €330k | €350k | ▲ 6.1% |
| Cash at bank and in hand54/58 | €386k | €76k | €170k | €96k | €125k | ▲ 30.0% |
| Deferred charges and accrued income490/1 | - | €7k | €686 | €0 | €15k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.39M | €2.83M | €2.84M | €2.90M | €2.91M | ▲ 0.4% |
| Equity10/15 | €1.27M | €1.35M | €1.40M | €1.46M | €1.44M | ▼ 1.5% |
| Contributions10/11 | €750k | €750k | €750k | €750k | €750k | = |
| Capital10 | - | €750k | €750k | €750k | €750k | = |
| Issued capital100 | - | €750k | €750k | €750k | €750k | = |
| Reserves13 | €520k | €601k | €653k | €708k | €686k | ▼ 3.1% |
| Non-distributable reserves130/1 | - | €33k | €36k | €39k | €39k | = |
| Legal reserve130 | - | €33k | €36k | €39k | €39k | = |
| Distributable reserves133 | - | €567k | €617k | €669k | €647k | ▼ 3.3% |
| Amounts payable17/49 | €1.12M | €1.48M | €1.44M | €1.45M | €1.48M | ▲ 2.3% |
| Amounts payable after more than one year17 | €750k | €1.25M | €1.25M | €1.25M | €1.25M | = |
| Financial debts170/4 | - | €1.25M | €1.25M | €1.25M | €1.25M | = |
| Amounts payable within one year42/48 | €367k | €231k | €191k | €195k | €229k | ▲ 17.5% |
| Trade debts44 | €15k | €25k | €63k | €7k | €18k | ▲ 172% |
| Suppliers440/4 | - | €25k | €63k | €7k | €18k | ▲ 172% |
| Advances received on contracts in progress46 | - | €179k | €103k | €147k | €173k | ▲ 17.4% |
| Taxes, remuneration and social security45 | - | - | - | €3k | €1k | ▼ 52.4% |
| Taxes450/3 | - | - | - | €3k | €1k | ▼ 52.4% |
| Other amounts payable47/48 | - | €27k | €25k | €38k | €37k | ▼ 3.5% |
| Accrued charges and deferred income492/3 | - | - | €500 | €500 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-21k | €80k | €52k | €55k | €-22k | ▼ 140% |
| + Depreciation and write-downs630 | €117k | €118k | €148k | €146k | €144k | ▼ 1.1% |
| Operating cash flow (approximation) | €96k | €199k | €201k | €201k | €122k | ▼ 39.1% |
| Investment in fixed assets (approximation) | - | €-1.03M | €-18k | €-8k | €-45k | ▼ 461% |
| Change in cash | - | €-310k | €94k | €-74k | €29k | ▲ 139% |
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
11-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €-22k
Net result drops to €-22k, the lowest in the series.
18-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
08-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €80k
Net result €80k after one loss-making year.
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
09-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
08-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-03
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 7 acts read
About the unread acts
We know of 7 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
7 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, Waregem · 1 establishment unit since 2006
Ground area
1.2 ha
Building footprint
4,541 m²
Volume, LiDAR
47,886 m³
Parcel 34040C1357/00D000, Flanders · tallest building 12.3 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
WAREGEM EXPO
since 20062.151.245.115
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34040C1357/00D000 | Flanders | 1.2 ha | 1 · 4,541 m² | 12.3 m · 4 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 641 companies in sector 90312 we hold annual accounts for 227. 146 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded18-01-2006
Fiscal year end30-09
Activities, NACEBEL 2025
90312Arts creation and performing arts activities
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.