Checked.be
Active
BE 0444.705.705Private limited company
WARGEE
Neerpoortenstraat(OTT) 20 ·3040 Huldenberg, Belgium· 35 yrs active
Sector: Joinery
(43320)
Conclusion
The computed 12-month bankruptcy probability of WARGEE is 0.7% (low). The 2024 annual accounts show equity of €3.58M and a net result of €-162k. Equity is growing by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 91% of 990 sector peers (fiscal year 2024). The company has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 7 annual accounts.
Key figures
| Equity | €3.58M |
| Net result | €-162k |
| Staff (FTE) | 18.9 |
| Better than sector | 91% |
Snowflake analysis
64
/ 100
Strong profile, led by solvency.
Health
70
Profitability
0
Solvency
100
Growth
52
Stability
100
Bankruptcy probability (12 mo)
0.7%
Low
0%0,5%1,5%4%10%≥25%
Higher-failure-rate sector
+Long track record
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1991, 35 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags
No administrative flags
Health barometer
70
/ 100
Healthy
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview
Annual accounts filed on 29-08-2025 with the NBB · fiscal year 2024 · verkort
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~5.6%/year over 7 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 43, Specialised construction · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 79.5% | 35.4% | |
| Net result | €-162k | €30k | |
| Equity | €3.58M | €120k | |
| Gross operating margin | €1.43M | €170k | |
| Staff costs | €1.31M | €194k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
€112k
-78.6%
far above sector median
€-162k
-
far below sector median
€110k
-74.6%
far above sector median
€4.51M
-10.0%
far above sector median
€3.58M
-8.8%
far above sector median
€2.00M
-8.8%
far above sector median
19
-3.1%
+58% vs sector
€1.31M
+5.5%
+117% vs sector
€329
-99.6%
-97% vs sector
€556k
-21.8%
far above sector median
€162k
-39.0%
far above sector median
€395k
-11.5%
far above sector median
13.36
+44.1%
+160% vs sector
7.06
+24.2%
+37% vs sector
79.5%
+1.3%
+37% vs sector
0.16
-14.2%
-85% vs sector
-4.5%
-
far below sector median
-3.6%
-
far below sector median
7.09
-73.3%
-58% vs sector
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €112k |
| Net profit | €-162k |
| Cash flow | €110k |
| Staff costs | €1.31M |
| Income taxes | €329 |
| Dividends | - |
| Total assets | €4.51M |
| Equity | €3.58M |
| Debt | €556k |
| of which ≤ 1y | €162k |
| of which > 1y | €395k |
| Working capital | €2.00M |
| Employees (FTE) | 18.9 |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 13.36 |
| Quick ratio | 7.06 |
| Working capital ratio | 44.4% |
| Solvency | 79.5% |
| Debt / equity | 0.16 |
| Long-term debt ratio | 0.11 |
| Interest coverage | 7.09 |
| Gross margin | - |
| Net margin | - |
| ROA | -3.6% |
| ROE | -4.5% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €4.51M |
| Fixed assets | 21/28 | €2.34M |
| Tangible fixed assets | 22/27 | €2.34M |
| Financial fixed assets | 28 | €2k |
| Current assets | 29/58 | €2.16M |
| Stocks & contracts in progress | 3 | €1.02M |
| Amounts receivable within one year | 40/41 | €453k |
| Investments | 50/53 | €619k |
| Cash & bank | 54/58 | €71k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €4.51M |
| Equity | 10/15 | €3.58M |
| Contributions / capital | 10/11 | €25k |
| Reserves | 13 | €1.06M |
| Accumulated profits (losses) | 14 | €2.49M |
| Provisions & deferred taxes | 16 | €369k |
| Amounts payable | 17/49 | €556k |
| Amounts payable after one year | 17 | €395k |
| Amounts payable within one year | 42/48 | €162k |
| Trade debts payable within one year | 44 | €100k |
| Income statement | ||
| Gross operating margin | 9900 | €1.43M |
| Operating result | 9901 | €-159k |
| Financial income | 75 | €14k |
| Financial charges | 65 | €16k |
| Result before taxes | 9903 | €-161k |
| Income taxes | 67/77 | €329 |
| Net result for the period | 9904 | €-162k |
| Result to be appropriated | 9905 | €-162k |
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Legal Structure
| NACE primary | Joinery(43320) |
| Legal form | Private limited company(610) |
| Incorporation | 26-07-1991 |
| Status | Active |
| Postal code | 3040 |
Establishment units
Avenue Zénobe Gramme 32, 1300 Wavre
since 19912.053.719.830
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
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. |
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.
Updates
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
2025
29-08-2025
NBB filing
Annual accounts filed
2024
30-09-2024
NBB filing
Annual accounts filed
01-02-2024
State Gazette act
Director changes
2023
18-08-2023
NBB filing
Annual accounts filed
2022
30-08-2022
NBB filing
Annual accounts filed
2021
18-08-2021
NBB filing
Annual accounts filed
2020
09-12-2020
NBB filing
Annual accounts filed
2019
15-11-2019
NBB filing
Annual accounts filed
2018
09-08-2018
NBB filing
Annual accounts filed
2017
29-09-2017
NBB filing
Annual accounts filed
2016
28-10-2016
NBB filing
Annual accounts filed
Belgisch Staatsblad, acts
All acts · 1
updated 2 years ago
2024
01-02-2024 2 directors appointed, 2 resigning
- Philip WARGEE, Niet statutair bestuurder
- Guy WARGEE, Niet statutair bestuurder
- Philip WARGEE, Zaakvoerder
- Guy WARGEE, Zaakvoerder
Summary:
v3.2
Technical details
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Company registry (CBE)
Activities
Schrijnwerk43320Schrijnwerk43320Schrijnwerk van hout of van kunststof45421Vervaardiging van eetkamer-, zitkamer-, slaapkamer- en badkamermeubelen31004Vervaardiging van eetkamer-, zitkamer-, slaapkamer- en badkamermeubelen31091Vervaardiging van eetkamer-, zitkamer- en slaapkamermeubelen36141
Primary activity highlighted.
Names & trade names
| Legal nameNL | WARGEE |
Registered office
Neerpoortenstraat(OTT) 20
3040 Huldenberg, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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