WAREHOUSE
ActiveSummary
WAREHOUSE has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €669k and a net result of €6k. Equity is growing by ~3.5% per year across the filed fiscal years. Its solvency ranks better than 62% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability55▼-2
Solvency71▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 1.78 against 2.22 in 2024; short-term debt: 7% and cash: 10% of total assets), but 54.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
45.8%
Return on assets
0.4%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 09-01-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
31 d early
2023
43 d early
2022
21 d early
2021
167 d early
2020
48 d early
2019
43 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€669k▲ 1.0%
2024 · €663k
2019: €500klowest in 7 years
2020: €577k▲ +15.3% vs 2019
2021: €595k▲ +3.1% vs 2020
2022: €637k▲ +7.2% vs 2021
2023: €644k▲ +1.0% vs 2022
2024: €663k▲ +2.9% vs 2023
2025: €669k▲ +1.0% vs 2024highest in 7 years
2019 → 2025
Total assets
€1.46M▼ 7.5%
2024 · €1.58M
2019: €1.82Mhighest in 7 years
2020: €1.74M▼ -4.0% vs 2019
2021: €1.68M▼ -3.6% vs 2020
2022: €1.65M▼ -2.1% vs 2021
2023: €1.61M▼ -2.1% vs 2022
2024: €1.58M▼ -2.2% vs 2023
2025: €1.46M▼ -7.5% vs 2024lowest in 7 years
2019 → 2025
Net result
€6k▼ 66.7%
2024 · €19k
2019: €33k
2020: €77k▲ +130% vs 2019highest in 7 years
2021: €18k▼ -76.6% vs 2020
2022: €43k▲ +137% vs 2021
2023: €7k▼ -84.5% vs 2022
2024: €19k▲ +187% vs 2023
2025: €6k▼ -66.7% vs 2024lowest in 7 years
2019 → 2025
Working capital
€80k▼ 47.4%
2024 · €151k
2019: €-21klowest in 7 years
2020: €36k▲ +271% vs 2019
2021: €54k▲ +51.3% vs 2020
2022: €88k▲ +63.0% vs 2021
2023: €104k▲ +17.5% vs 2022
2024: €151k▲ +45.8% vs 2023highest in 7 years
2025: €80k▼ -47.4% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€595k-€637k▲ 7.2%€644k▲ 1.0%€663k▲ 2.9%€669k▲ 1.0%
2021: €595klowest in 5 years
2022: €637k▲ +7.2% vs 2021
2023: €644k▲ +1.0% vs 2022
2024: €663k▲ +2.9% vs 2023
2025: €669k▲ +1.0% vs 2024highest in 5 years
Operating result€39k-€70k▲ 77.6%€42k▼ 40.5%€59k▲ 42.8%€42k▼ 28.4%
2021: €39klowest in 5 years
2022: €70k▲ +77.6% vs 2021highest in 5 years
2023: €42k▼ -40.5% vs 2022
2024: €59k▲ +42.8% vs 2023
2025: €42k▼ -28.4% vs 2024
Net result€18k-€43k▲ 137%€7k▼ 84.5%€19k▲ 187%€6k▼ 66.7%
2021: €18k
2022: €43k▲ +137% vs 2021highest in 5 years
2023: €7k▼ -84.5% vs 2022
2024: €19k▲ +187% vs 2023
2025: €6k▼ -66.7% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 28% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.46M
Fixed assets
€1.28M ▼ 1.8%
Current assets
€181k ▼ 34.2%
Equity and liabilities €1.46M
Equity
€669k ▲ 1.0%
Debt
€790k ▼ 13.6%
Debt's share of the balance-sheet total falls from 58.0% to 54.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€149k▼
2024 · €162k
Cash flow
€112k▼
2024 · €122k
Current ratio
1.78▼
2024 · 2.22
Debt to equity
1.18▼
2024 · 1.38
ROE
0.9%▼
2024 · 2.9%
ROA
0.4%▼
2024 · 1.2%
Interest coverage
4.23▼
2024 · 4.45
Debt ≤ 1 year
€102k▼
2024 · €124k
Debt > 1 year
€688k▼
2024 · €790k
Income taxes
€1k▼
2024 · €4k
Staff costs
€1k▼
2024 · €85k
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 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.58M€1.46M▼
Fixed assets21/28€1.30M€1.28M▼
Tangible fixed assets22/27€1.30M€1.28M▼
Land and buildings22€1.30M€1.28M▼
Current assets29/58€275k€181k▼
Amounts receivable within one year40/41€233k€35k▼
Trade receivables40€232k€16k▼
Other amounts receivable41€1k€19k▲
Cash at bank and in hand54/58€42k€146k▲
Equity and liabilities
Total equity and liabilities10/49€1.58M€1.46M▼
Equity10/15€663k€669k▲
Contributions10/11€615k€615k=
Reserves13€48k€54k▲
Distributable reserves133€48k€54k▲
Amounts payable17/49€914k€790k▼
Amounts payable after more than one year17€790k€688k▼
Financial debts170/4€790k€688k▼
Amounts payable within one year42/48€124k€102k▼
Current portion of amounts payable after more than one year42€98k€102k▲
Taxes, remuneration and social security45€26k-
Taxes450/3€26k-
Income statement
Code20242025
Non-recurring operating income76A-€2
Remuneration, social security and pensions62€85k€1k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€103k€106k▲
Other operating charges640/8€22k€23k▲
Gross operating margin9900€270k€173k▼
Operating profit (loss)9901€59k€42k▼
Financial income75/76B-€83
Recurring financial income75-€83
Financial charges65/66B€37k€35k▼
Recurring financial charges65€37k€35k▼
Profit (loss) for the period before taxes9903€23k€7k▼
Income taxes67/77€4k€1k▼
Profit (loss) for the period9904€19k€6k▼
Profit (loss) for the period to be appropriated9905€19k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€19k€6k▼
Transfer to equity691/2€19k€6k▼
To other reserves6921€19k€6k▼
Social balance
Average headcount (FTE)90871.7-
The notes to these accounts (15 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €2 | - |
| Remuneration, social security and pensions62 | - | €59k | €164k | €85k | €1k | ▼ 98.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €87k | €80k | €85k | €103k | €106k | ▲ 3.0% |
| Other operating charges640/8 | - | €20k | €20k | €22k | €23k | ▲ 3.4% |
| Gross operating margin9900 | €146k | €229k | €310k | €270k | €173k | ▼ 35.8% |
| Operating profit (loss)9901 | €39k | €70k | €42k | €59k | €42k | ▼ 28.4% |
| Financial income75/76B | - | €8 | €8 | - | €83 | - |
| Recurring financial income75 | - | €8 | €8 | - | €83 | - |
| Financial charges65/66B | - | €19k | €31k | €37k | €35k | ▼ 3.7% |
| Recurring financial charges65 | €21k | €19k | €31k | €37k | €35k | ▼ 3.7% |
| Profit (loss) for the period before taxes9903 | €18k | €51k | €10k | €23k | €7k | ▼ 67.6% |
| Income taxes67/77 | - | €9k | €4k | €4k | €1k | ▼ 71.7% |
| Profit (loss) for the period9904 | €18k | €43k | €7k | €19k | €6k | ▼ 66.7% |
| Profit (loss) for the period to be appropriated9905 | €18k | €43k | €7k | €19k | €6k | ▼ 66.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.68M | €1.65M | €1.61M | €1.58M | €1.46M | ▼ 7.5% |
| Fixed assets21/28 | €1.53M | €1.45M | €1.37M | €1.30M | €1.28M | ▼ 1.8% |
| Tangible fixed assets22/27 | €1.53M | €1.45M | €1.37M | €1.30M | €1.28M | ▼ 1.8% |
| Land and buildings22 | - | €1.45M | €1.37M | €1.30M | €1.28M | ▼ 1.8% |
| Current assets29/58 | €151k | €196k | €246k | €275k | €181k | ▼ 34.2% |
| Amounts receivable within one year40/41 | €127k | €104k | €232k | €233k | €35k | ▼ 84.8% |
| Trade receivables40 | - | €103k | €232k | €232k | €16k | ▼ 92.9% |
| Other amounts receivable41 | - | €1k | - | €1k | €19k | ▲ 1,265% |
| Cash at bank and in hand54/58 | €23k | €92k | €15k | €42k | €146k | ▲ 247% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.68M | €1.65M | €1.61M | €1.58M | €1.46M | ▼ 7.5% |
| Equity10/15 | €595k | €637k | €644k | €663k | €669k | ▲ 1.0% |
| Contributions10/11 | - | €615k | €615k | €615k | €615k | = |
| Reserves13 | - | €22k | €29k | €48k | €54k | ▲ 13.2% |
| Distributable reserves133 | - | €22k | €29k | €48k | €54k | ▲ 13.2% |
| Profit (loss) carried forward14 | €-20k | - | - | - | - | - |
| Amounts payable17/49 | €1.09M | €1.01M | €969k | €914k | €790k | ▼ 13.6% |
| Amounts payable after more than one year17 | €990k | €902k | €827k | €790k | €688k | ▼ 12.9% |
| Financial debts170/4 | - | €902k | €827k | €790k | €688k | ▼ 12.9% |
| Amounts payable within one year42/48 | €97k | €107k | €142k | €124k | €102k | ▼ 18.0% |
| Current portion of amounts payable after more than one year42 | - | €88k | €82k | €98k | €102k | ▲ 4.0% |
| Trade debts44 | - | €1k | €6k | - | - | - |
| Suppliers440/4 | - | €1k | €6k | - | - | - |
| Taxes, remuneration and social security45 | - | €18k | €55k | €26k | - | - |
| Taxes450/3 | - | €12k | €25k | €26k | - | - |
| Remuneration and social security454/9 | - | €6k | €30k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18k | €43k | €7k | €19k | €6k | ▼ 66.7% |
| + Depreciation and write-downs630 | €87k | €80k | €85k | €103k | €106k | ▲ 3.0% |
| Operating cash flow (approximation) | €105k | €122k | €91k | €122k | €112k | ▼ 7.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-38k | €-82k | ▼ 117% |
| Change in cash | - | €68k | €-77k | €27k | €104k | ▲ 279% |
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
09-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Weakest financial yearnet €6k ▼66.7%
Net result drops to €6k, the lowest in the series.
2024
31-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
19-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
10-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
14-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
30-06
Financial
Highest result since 2019net €77k ▲130%
Operating result €100k, net result €77k, both a record.
2019
19-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
07-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
15-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
15-11
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 3 acts read
About the unread acts
We know of 3 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
3 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, Antwerpen · 1 establishment unit since 2007
Ground area
5,859 m²
Building footprint
6,095 m²
Volume, LiDAR
33,872 m³
Parcel 11463D0410/00R000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Warehouse
since 20072.169.561.089
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11463D0410/00R000 | Flanders | 5,859 m² | 1 · 6,095 m² | 8.2 m · 2 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 878 EUR awarded · 878 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 878 EUR | 878 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,041 companies in sector 68203 we hold annual accounts for 5,989. 4,331 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
Founded10-10-2007
Fiscal year end30-06
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
68110Buying and selling of own real estate
68204Real estate activities
Scores and ratios are computed by Checked and are not a credit decision.