WARGEE
ActiveWARGEE has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.82M and a net result of €240k. Equity is growing by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 89% of 2041 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▲+11
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €290k at 30 days acceptable
Liquidity ample (current ratio 11.64 against 13.36 in 2024; short-term debt: 4.8% and cash: 2.4% of total assets), and 19.8% 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+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
80.2%
Return on assets
5%
Age of the figures
9 mo
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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
61 d late
2022
18 d late
2021
30 d late
2020
18 d late
2019
131 d late
← before the deadline
after the deadline →
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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€240k
2024 · €-162k
2018: €-121k
2019: €194k
2020: €138k
2021: €278k
2022: €228k
2023: €170k
2024: €-162k
2018 → 2025
Working capital
€2.45M▲ 22.5%
2024 · €2.00M
2018: €1.27M
2019: €1.51M
2020: €1.60M
2021: €1.87M
2022: €2.15M
2023: €2.19M
2024: €2.00M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.53M-€3.76M▲ 6.4%€3.93M▲ 4.5%€3.58M▼ 8.8%€3.82M▲ 6.7%
Operating result€392k-€302k▼ 23.0%€261k▼ 13.4%€-159k€309k
Net result€278k-€228k▼ 18.0%€170k▼ 25.4%€-162k€240k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €309k after a loss of €159k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.76M
Fixed assets
€2.08M▼ 11.2%
Current assets
€2.68M▲ 24.0%
Equity and liabilities €4.76M
Equity
€3.82M▲ 6.7%
Provisions
€369k=
Debt
€572k▲ 2.8%
The debt ratio falls from 12.3% to 12.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€572k▲
2024 · €112k
Cash flow
€503k▲
2024 · €110k
Solvency
80.2%▲
2024 · 79.5%
Current ratio
11.64▼
2024 · 13.36
Quick ratio
7.85▲
2024 · 7.06
Debt / equity
0.15▼
2024 · 0.16
ROE
6.3%▲
2024 · -4.5%
ROA
5.0%▲
2024 · -3.6%
Interest coverage
33.81▲
2024 · 7.09
Debt
€572k▲
2024 · €556k
Debt ≤ 1 year
€230k▲
2024 · €162k
Debt > 1 year
€342k▼
2024 · €395k
Income taxes
€66k▲
2024 · €329
Staff costs
€1.14M▼
2024 · €1.31M
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€4.51M€4.76M▲
Fixed assets21/28€2.34M€2.08M▼
Tangible fixed assets22/27€2.34M€2.08M▼
Land and buildings22€1.47M€1.38M▼
Plant, machinery and equipment23€774k€635k▼
Furniture and vehicles24€103k€65k▼
Financial fixed assets28€2k€2k=
Current assets29/58€2.16M€2.68M▲
Stocks and contracts in progress3€1.02M€873k▼
Stocks30/36€1.02M€873k▼
Amounts receivable within one year40/41€453k€1.02M▲
Trade receivables40€406k€944k▲
Other amounts receivable41€47k€80k▲
Current investments50/53€619k€555k▼
Cash at bank and in hand54/58€71k€113k▲
Deferred charges and accrued income490/1-€116k
Equity and liabilities
Total equity and liabilities10/49€4.51M€4.76M▲
Equity10/15€3.58M€3.82M▲
Contributions10/11€25k€25k=
Capital10€25k-
Issued capital100€25k-
Outside capital11-€25k
Other1109/19-€25k
Reserves13€1.06M€1.31M▲
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k-
Reserves not available under the articles1311-€2k
Distributable reserves133€1.06M€1.30M▲
Profit (loss) carried forward14€2.49M€2.49M=
Provisions and deferred taxes16€369k€369k=
Provisions for liabilities and charges160/5€369k€369k=
Other liabilities and charges164/5€369k€369k=
Amounts payable17/49€556k€572k▲
Amounts payable after more than one year17€395k€342k▼
Financial debts170/4€395k€342k▼
Amounts payable within one year42/48€162k€230k▲
Current portion of amounts payable after more than one year42€51k€53k▲
Trade debts44€100k€110k▲
Suppliers440/4€100k€110k▲
Advances received on contracts in progress46€3k€3k=
Taxes, remuneration and social security45€7k€65k▲
Taxes450/3€7k€65k▲
Other amounts payable47/48€866-
Income statement
Code20242025
Remuneration, social security and pensions62€1.31M€1.14M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€271k€263k▼
Other operating charges640/8€14k€16k▲
Gross operating margin9900€1.43M€1.73M▲
Operating profit (loss)9901€-159k€309k▲
Financial income75/76B€14k€14k▲
Recurring financial income75€14k€14k▲
Financial charges65/66B€16k€17k▲
Recurring financial charges65€16k€17k▲
Profit (loss) for the period before taxes9903€-161k€306k▲
Income taxes67/77€329€66k▲
Profit (loss) for the period9904€-162k€240k▲
Profit (loss) for the period to be appropriated9905€-162k€240k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2.49M€2.73M▲
Profit (loss) brought forward from the previous period14P€2.65M€2.49M▼
Transfer to equity691/2-€240k
To other reserves6921-€240k
Social balance
Average headcount (FTE)9087-17.0
The notes to these accounts (9 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
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
31-12
Financial
Back to profitnet €240k
Net result €240k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €-162k ▼195%
Net result drops to €-162k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 18 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-12
Financial
Highest result since 2018net €278k ▲102%
Operating result €392k, net result €278k, both a record.
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 18 days late
2020
09-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 131 days late
2019
31-12
Financial
Back to profitnet €194k
Net result €194k after one loss-making year.
15-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 107 days late
2018
09-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 9 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Huldenberg · 1 establishment unit since 1991
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.
Neerpoortenstraat(OTT) 203040 HuldenbergGround area
4,596 m²
Building footprint
2,140 m²
Volume, LiDAR
16,190 m³
2 parcels, Flanders, Wallonia · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Avenue Zénobe Gramme 32, 1300 Wavre
since 19912.053.719.830
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25006A0145/00C002 | Wallonia | 4,183 m² | 1 · 1,992 m² | 10.6 m · 3 fl. |
| 24085A0255/00D000 | Flanders | 412 m² | 1 · 149 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 · 3 entries · 2,828 EUR awarded · 2,395 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 383 EUR | 890 EUR |
| 2024 | 1 | 2,112 EUR | 1,505 EUR |
| 2022 | 1 | 333 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
1 categoryWARGEE BV41646
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Of 20,026 companies in sector 43320 we hold annual accounts for 9,137. 1,678 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-07-1991
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
45421
31004Manufacture of dining room, living room, bedroom and bathroom furniture
36141
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:contact@wargee.be
Phone:010889201