WAREP
ActiveSummary
WAREP has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €16,736 and a net result of -€7,271. Equity is shrinking by ~16.2% per year across the filed fiscal years. Its solvency ranks better than 24% of 14173 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability34▼-3
Solvency28▼-1
Growth32=
Track record94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 4.06 against 3.98 in 2024; short-term debt: 24.6% and cash: 2.1% of total assets), but 97% of the assets are financed with debt.
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Signals
Six 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 · 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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
3%
Return on assets
-1.3%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
232425
2023 to 2025 · latest year -€7,271
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 14173 sector peers (2025).
NBB · sector comparisonPosition among 14173 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
31 d late
2024
125 d late
2023
40 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 39 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€16,736▼ 30.3%
2024 · €24,007
Total assets
€562,895▲ 1.4%
2024 · €555,033
Net result
-€7,271▼ 1,286%
2024 · -€525
Working capital
€424,236▲ 2.1%
2024 · €415,625
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€18,102-€12,183▼ 32.7%-€5,239
Net result€818--€525-€7,271▼ 1,286%
Equity€24,532-€24,007▼ 2.1%€16,736▼ 30.3%
Total assets€471,679-€555,033▲ 17.7%€562,895▲ 1.4%
Debt€447,147-€531,026▲ 18.8%€546,159▲ 2.8%
Working capital€351,308-€415,625▲ 18.3%€424,236▲ 2.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €5,239 after €12,183 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €562,895
Equity
€16,736 ▼ 30.3%
Debt
€546,159 ▲ 2.8%
Debt's share of the balance-sheet total rises from 95.7% to 97.0%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
4.06▲
2024 · 3.98
Quick ratio
0.18▼
2024 · 0.24
Debt to equity
32.63▲
2024 · 22.12
ROE
-43.4%▼
2024 · -2.2%
ROA
-1.3%▼
2024 · -0.1%
Debt ≤ 1 year
€138,659▼
2024 · €139,408
Debt > 1 year
€407,500▲
2024 · €378,430
Income taxes
€45
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Other operating charges640/8 | €1,554 | €463 | €1,482 | ▲ 220% |
| Gross operating margin9900 | €19,655 | €12,646 | -€3,757 | ▼ 130% |
| Operating profit (loss)9901 | €18,102 | €12,183 | -€5,239 | ▼ 143% |
| Financial income75/76B | - | - | €240 | - |
| Recurring financial income75 | - | - | €240 | - |
| Financial charges65/66B | €17,065 | €12,707 | €2,227 | ▼ 82.5% |
| Recurring financial charges65 | €17,065 | €12,707 | €2,227 | ▼ 82.5% |
| Profit (loss) for the period before taxes9903 | €1,037 | -€525 | -€7,226 | ▼ 1,278% |
| Income taxes67/77 | €218 | - | €45 | - |
| Profit (loss) for the period9904 | €818 | -€525 | -€7,271 | ▼ 1,286% |
| Profit (loss) for the period to be appropriated9905 | €818 | -€525 | -€7,271 | ▼ 1,286% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €471,679 | €555,033 | €562,895 | ▲ 1.4% |
| Current assets29/58 | €471,679 | €555,033 | €562,895 | ▲ 1.4% |
| Stocks and contracts in progress3 | €442,040 | €521,133 | €537,947 | ▲ 3.2% |
| Stocks30/36 | €442,040 | €521,133 | €537,947 | ▲ 3.2% |
| Amounts receivable within one year40/41 | €9,910 | €10,593 | €10,525 | ▼ 0.6% |
| Trade receivables40 | €6,702 | €10,561 | €9,813 | ▼ 7.1% |
| Other amounts receivable41 | €3,208 | €32 | €712 | ▲ 2,156% |
| Cash at bank and in hand54/58 | €18,143 | €21,546 | €11,859 | ▼ 45.0% |
| Deferred charges and accrued income490/1 | €1,586 | €1,761 | €2,564 | ▲ 45.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €471,679 | €555,033 | €562,895 | ▲ 1.4% |
| Equity10/15 | €24,532 | €24,007 | €16,736 | ▼ 30.3% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | = |
| Profit (loss) carried forward14 | -€468 | -€993 | -€8,264 | ▼ 732% |
| Amounts payable17/49 | €447,147 | €531,026 | €546,159 | ▲ 2.8% |
| Amounts payable after more than one year17 | €326,777 | €378,430 | €407,500 | ▲ 7.7% |
| Financial debts170/4 | €326,777 | €378,430 | €407,500 | ▲ 7.7% |
| Amounts payable within one year42/48 | €120,370 | €139,408 | €138,659 | ▼ 0.5% |
| Trade debts44 | €3,347 | €5,978 | €7,308 | ▲ 22.2% |
| Suppliers440/4 | €3,347 | €5,978 | €7,308 | ▲ 22.2% |
| Taxes, remuneration and social security45 | €218 | €1,924 | €1,904 | ▼ 1.0% |
| Taxes450/3 | €218 | €1,924 | €104 | ▼ 94.6% |
| Remuneration and social security454/9 | - | - | €1,800 | - |
| Other amounts payable47/48 | €116,805 | €131,505 | €129,447 | ▼ 1.6% |
| Accrued charges and deferred income492/3 | - | €13,188 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €818 | -€525 | -€7,271 | ▼ 1,286% |
| Operating cash flow (approximation) | €818 | -€525 | -€7,271 | ▼ 1,286% |
| Change in cash | - | €3,404 | -€9,687 | ▼ 385% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet -€7,271
Net result drops to -€7,271, the lowest in the series.
03-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 125 days late
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro 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, Grimbergen · 1 establishment unit since 2022
Ground area
596 m²
Building footprint
115 m²
Volume, LiDAR
793 m³
Parcel 23005B0421/00T004, Flanders · tallest building 12.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
WAREP
since 20222.328.830.240
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23005B0421/00T004 | Flanders | 596 m² | 1 · 115 m² | 12.3 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.
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Of 9,698 companies in sector 68121 we hold annual accounts for 7,385. 3,813 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
Founded07-03-2022
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
43211General electrical installation work
43221Plumbing work
43320Joinery installation
43410Roofing work
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.