WAREGEMSE RIJSCHOOL
ActiveWAREGEMSE RIJSCHOOL has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.00M and a net result of €308k. Equity is growing by ~20.5% per year across the filed fiscal years. Its solvency ranks better than 84% of 674 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
100
/ 100
Excellent▲ +7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▲+4
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €200k at 30 days acceptable
Liquidity ample (current ratio 5.1 against 4.54 in 2024), and 16.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 85
Relative position
BE, all sectors
reference
Sector 85
lower
← 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
83.4%
Return on assets
12.8%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 14-10-2025, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
28 d early
2023
20 d early
2022
5 d early
2021
34 d early
2020
10 d late
2019
38 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close15-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.00M▲ 18.2%
2024 · €1.70M
2019: €609k
2020: €753k
2021: €983k
2022: €1.14M
2023: €1.45M
2024: €1.70M
2019 → 2025
Total assets
€2.40M▲ 16.0%
2024 · €2.07M
2019: €776k
2020: €873k
2021: €1.25M
2022: €1.44M
2023: €1.73M
2024: €2.07M
2019 → 2025
Net result
€308k▲ 24.6%
2024 · €247k
2019: €191k
2020: €144k
2021: €230k
2022: €271k
2023: €311k
2024: €247k
2019 → 2025
Working capital
€1.63M▲ 22.8%
2024 · €1.33M
2019: €494k
2020: €623k
2021: €745k
2022: €884k
2023: €1.09M
2024: €1.33M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€983k-€1.14M▲ 15.7%€1.45M▲ 27.3%€1.70M▲ 17.1%€2.00M▲ 18.2%
Operating result€309k-€386k▲ 24.8%€430k▲ 11.5%€342k▼ 20.4%€381k▲ 11.3%
Net result€230k-€271k▲ 17.9%€311k▲ 14.6%€247k▼ 20.4%€308k▲ 24.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 11% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.40M
Fixed assets
€371k▲ 1.4%
Current assets
€2.03M▲ 19.1%
Equity and liabilities €2.40M
Equity
€2.00M▲ 18.2%
Debt
€399k▲ 6.2%
The debt ratio falls from 18.1% to 16.6%: equity grows faster than debt.
Key figures and ratios
EBITDA
€464k▲
2024 · €429k
Cash flow
€391k▲
2024 · €334k
Solvency
83.4%▲
2024 · 81.9%
Current ratio
5.10▲
2024 · 4.54
Quick ratio
5.09▲
2024 · 4.54
Debt / equity
0.20▼
2024 · 0.22
ROE
15.4%▲
2024 · 14.6%
ROA
12.8%▲
2024 · 11.9%
Interest coverage
61.37▼
2024 · 64.76
Debt
€399k▲
2024 · €375k
Debt ≤ 1 year
€399k▲
2024 · €375k
Income taxes
€130k▲
2024 · €106k
Staff costs
€637k▲
2024 · €550k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.07M€2.40M▲
Fixed assets21/28€366k€371k▲
Tangible fixed assets22/27€364k€369k▲
Furniture and vehicles24€358k€364k▲
Other tangible fixed assets26€5k€5k▼
Financial fixed assets28€2k€2k▲
Current assets29/58€1.71M€2.03M▲
Stocks and contracts in progress3€1k€1k▼
Stocks30/36€1k€1k▼
Amounts receivable within one year40/41€59k€61k▲
Trade receivables40€59k€61k▲
Other amounts receivable41€359€186▼
Current investments50/53€1.23M€1.68M▲
Cash at bank and in hand54/58€399k€265k▼
Deferred charges and accrued income490/1€20k€23k▲
Equity and liabilities
Total equity and liabilities10/49€2.07M€2.40M▲
Equity10/15€1.70M€2.00M▲
Contributions10/11€25k€25k=
Reserves13€1.67M€1.98M▲
Tax-exempt reserves132€11k€11k=
Distributable reserves133€1.66M€1.97M▲
Amounts payable17/49€375k€399k▲
Amounts payable within one year42/48€375k€399k▲
Trade debts44€135k€121k▼
Suppliers440/4€135k€121k▼
Advances received on contracts in progress46€100k€76k▼
Taxes, remuneration and social security45€141k€201k▲
Taxes450/3€47k€82k▲
Remuneration and social security454/9€94k€119k▲
Income statement
Code20242025
Non-recurring operating income76A€3k€583▼
Remuneration, social security and pensions62€550k€637k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€86k€83k▼
Other operating charges640/8€6k€6k▲
Non-recurring operating charges66A€4k€15k▲
Gross operating margin9900€988k€1.12M▲
Operating profit (loss)9901€342k€381k▲
Financial income75/76B€18k€65k▲
Recurring financial income75€17k€64k▲
Non-recurring financial income76B€155€1k▲
Financial charges65/66B€7k€8k▲
Recurring financial charges65€7k€8k▲
Profit (loss) for the period before taxes9903€353k€439k▲
Income taxes67/77€106k€130k▲
Profit (loss) for the period9904€247k€308k▲
Profit (loss) for the period to be appropriated9905€247k€308k▲
Appropriation of the result
Profit (loss) to be appropriated9906€247k€308k▲
Transfer to equity691/2€247k€308k▲
To other reserves6921€247k€308k▲
Social balance
Average headcount (FTE)90878.79.5▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
14-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Equity above €2MEq €2.00M ▲18.2%
7 profitable years in a row build equity to €2.00M.
2024
03-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
11-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Highest result since 2019net €311k ▲14.6%
Operating result €430k, net result €311k, both a record.
2022
26-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Equity above €1MEq €1.14M ▲15.7%
4 profitable years in a row build equity to €1.14M.
2021
27-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
10-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 10 days late
31-03
Financial
Weakest financial yearnet €144k ▼24.6%
Net result drops to €144k, the lowest in the series; recovery starts the following year.
2019
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
19-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
23-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
21-09
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.
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, Waregem · 1 establishment unit since 2006
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Zuiderlaan 448790 WaregemGround area
3,843 m²
Building footprint
253 m²
Volume, LiDAR
2,486 m³
Parcel 34040C1381/00N002, Flanders · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Waregemse Rijschool
since 20062.153.007.644
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34040C1381/00N002 | Flanders | 3,842 m² | 1 · 252 m² | 10.8 m · 3 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 · 4 entries · 2,563 EUR awarded · 2,563 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,023 EUR | 1,023 EUR |
| 2024 | 1 | 470 EUR | 470 EUR |
| 2023 | 1 | 638 EUR | 638 EUR |
| 2022 | 1 | 432 EUR | 432 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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A.H.
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Of 1,034 companies in sector 85531 we hold annual accounts for 345. 82 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-04-2006
Fiscal year end31-03
Activities, NACEBEL
85531Driving schools for cars and motorcycles
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.waregemserijschool.be
E-mail:info@waregemserijschool.be