Active BE 0444.705.705Private limited company

WARGEE

Neerpoortenstraat(OTT) 20 ·3040 Huldenberg, Belgium· 35 yrs active

Sector: Schrijnwerk (43320)

Conclusion Checked

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 997 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%

Financial profile 5 of 5 axes measured · computed by Checked

64 / 100

Strong profile, led by solvency.

All 5 axes are computed from data Checked has read.

Health 70

Profitability 0

Solvency 100

Growth 52

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

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 rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 1991, 35 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2024 · computed

70 / 100 Healthy

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 29-08-2025 with the NBB · fiscal year 2024 · verkort

Operating resultNet result

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%	better than 91% of 997 sector peers
Net result	€-162k	€30k	better than 5% of 996 sector peers
Equity	€3.58M	€122k	better than 95% of 997 sector peers
Gross operating margin	€1.43M	€174k	better than 95% of 996 sector peers
Staff costs	€1.31M	€197k	higher than 95% of 624 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€112k

-78.6% 18-24

Net profit

€-162k

- 18-24

Cash flow

€110k

-74.6% 18-24

Total assets

€4.51M

-10.0% 18-24

Equity

€3.58M

-8.8% 18-24

Working capital

€2.00M

-8.8% 18-24

Employees (FTE)

19

-3.1% 18-24

Staff costs

€1.31M

+5.5% 18-24

Show 11 other metrics

Income taxes

€329

-99.6% 18-24

Debt

€556k

-21.8% 18-24

Debt ≤ 1y

€162k

-39.0% 18-24

Debt > 1y

€395k

-11.5% 18-24

Current ratio

13.36

+44.1% 18-24

Quick ratio

7.06

+24.2% 18-24

Solvency

79.5%

+1.3% 18-24

Debt / equity

0.16

-14.2% 18-24

ROE

-4.5%

- 18-24

ROA

-3.6%

- 18-24

Interest coverage

7.09

-73.3% 18-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	verkort
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

Assets

Fixed assets €2.34M · 52.0% Current assets €2.16M · 48.0%

Equity & liabilities

Equity €3.58M · 79.5% Provisions €369k · 8.2% Debt €556k · 12.4%

Full annual accounts (27 line items)

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

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates 2 directors

Current directors & mandates

Guy WARGEE
Niet statutair bestuurder
State Gazette act 24350408 (01-02-2024)

Current
01-02-2024 → present
2 events
- 01-02-2024 Resigned· Manager
- 01-02-2024 Appointed· Niet statutair bestuurder
Philip WARGEE
Niet statutair bestuurder
State Gazette act 24350408 (01-02-2024)

Current
01-02-2024 → present
2 events
- 01-02-2024 Resigned· Manager
- 01-02-2024 Appointed· Niet statutair bestuurder

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Legal Structure

NACE primary	Schrijnwerk(43320)
Legal form	Private limited company(610)
Incorporation	26-07-1991
Status	Active
Postal code	3040

Establishment units 1 location

Avenue Zénobe Gramme 32, 1300 Wavre

Vervaardiging van meubelen

since 19912.053.719.830

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

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 11 events

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

fiscal year 2024 · verkort

2024

30-09-2024

NBB filing Annual accounts filed

fiscal year 2023 · verkort

01-02-2024

State Gazette act Director changes

v3.2

2023

18-08-2023

NBB filing Annual accounts filed

fiscal year 2022 · verkort

2022

30-08-2022

NBB filing Annual accounts filed

fiscal year 2021 · verkort

2021

18-08-2021

NBB filing Annual accounts filed

fiscal year 2020 · verkort

2020

09-12-2020

NBB filing Annual accounts filed

fiscal year 2019 · micro

2019

15-11-2019

NBB filing Annual accounts filed

fiscal year 2018 · micro

2018

09-08-2018

NBB filing Annual accounts filed

fiscal year 2017 · micro

2017

29-09-2017

NBB filing Annual accounts filed

fiscal year 2016 · micro

2016

28-10-2016

NBB filing Annual accounts filed

fiscal year 2015 · verkort

Belgian State Gazette reading coverage 0 of 1 acts read

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.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 2 years ago

2024

01-02-2024 2 directors appointed, 2 resigning Director changes

Philip WARGEE, Niet statutair bestuurder
Guy WARGEE, Niet statutair bestuurder
Philip WARGEE, Zaakvoerder
Guy WARGEE, Zaakvoerder

Summary: v3.2

Original publication ↗

Technical details

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      "role": "zaakvoerder",
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      }
    },
    {
      "kind": "director_out",
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      "person": {
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      }
    },
    {
      "kind": "director_in",
      "role": "niet-statutair bestuurder",
      "person": {
        "rrn": null,
        "name": "Philip WARGEE",
        "address": null,
        "birth_date": null
      }
    },
    {
      "kind": "director_in",
      "role": "niet-statutair bestuurder",
      "person": {
        "rrn": null,
        "name": "Guy WARGEE",
        "address": null,
        "birth_date": null
      }
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "extractor": "qwen3-30b-a3b"
  },
  "subject_company": {
    "kbo": "0444.705.705",
    "name_full": "Warg\u00E9e"
  }
}

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

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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