WARINSART
ActiveWARINSART has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €11.27M and a net result of €-544k. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 84% of 9713 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
63
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability14▼-1
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €700k at 30 days acceptable
Liquidity short (current ratio 0.03 against 0.01 in 2023; short-term debt: 21.6% and cash: 0% of total assets), and 21.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-544k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-06-2025, 36 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
42 d early
2022
54 d early
2021
47 d early
2020
46 d early
2019
46 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€11.27M▼ 4.6%
2023 · €11.82M
2018: €12.86M
2019: €12.69M
2020: €12.50M
2021: €12.31M
2022: €12.21M
2023: €11.82M
2018 → 2024
Total assets
€14.37M▲ 1.1%
2023 · €14.22M
2018: €13.11M
2019: €13.28M
2020: €13.41M
2021: €13.44M
2022: €14.11M
2023: €14.22M
2018 → 2024
Net result
€-544k▼ 38.8%
2023 · €-392k
2018: €-42k
2019: €-164k
2020: €-194k
2021: €-189k
2022: €-103k
2023: €-392k
2018 → 2024
Working capital
€-3.02M▼ 26.8%
2023 · €-2.38M
2018: €-234k
2019: €-570k
2020: €-899k
2021: €-1.07M
2022: €-1.90M
2023: €-2.38M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€12.50M-€12.31M▼ 1.5%€12.21M▼ 0.8%€11.82M▼ 3.2%€11.27M▼ 4.6%
Operating result€-176k-€-171k▲ 2.7%€-54k▲ 68.5%€-322k▼ 497%€-441k▼ 36.9%
Net result€-194k-€-189k▲ 2.4%€-103k▲ 45.4%€-392k▼ 279%€-544k▼ 38.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €441k in 2024 against €322k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €14.37M
Fixed assets
€14.29M▲ 0.7%
Current assets
€79k▲ 329%
Equity and liabilities €14.37M
Equity
€11.27M▼ 4.6%
Debt
€3.10M▲ 29.1%
The debt ratio rises from 16.9% to 21.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-334k▼
2023 · €-202k
Cash flow
€-437k▼
2023 · €-272k
Solvency
78.4%▼
2023 · 83.1%
Current ratio
0.03▲
2023 · 0.01
Quick ratio
0.03▲
2023 · 0.01
Debt / equity
0.27▲
2023 · 0.20
ROE
-4.8%▼
2023 · -3.3%
ROA
-3.8%▼
2023 · -2.8%
Interest coverage
-3.33▼
2023 · -2.98
Debt
€3.10M▲
2023 · €2.40M
Debt ≤ 1 year
€3.10M▲
2023 · €2.40M
Income taxes
€3k▲
2023 · €2k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€14.22M€14.37M▲
Fixed assets21/28€14.20M€14.29M▲
Tangible fixed assets22/27€14.20M€14.29M▲
Land and buildings22€14.19M€14.28M▲
Plant, machinery and equipment23€9k€9k▼
Current assets29/58€18k€79k▲
Amounts receivable within one year40/41€16k€74k▲
Trade receivables40€15k€5k▼
Other amounts receivable41€852€69k▲
Cash at bank and in hand54/58€3k€5k▲
Equity and liabilities
Total equity and liabilities10/49€14.22M€14.37M▲
Equity10/15€11.82M€11.27M▼
Contributions10/11€12.90M€12.90M=
Profit (loss) carried forward14€-1.08M€-1.63M▼
Amounts payable17/49€2.40M€3.10M▲
Amounts payable within one year42/48€2.40M€3.10M▲
Trade debts44€145k€258k▲
Suppliers440/4€145k€258k▲
Taxes, remuneration and social security45-€728
Taxes450/3-€728
Other amounts payable47/48€2.26M€2.84M▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€120k€107k▼
Other operating charges640/8€22k€45k▲
Gross operating margin9900€-180k€-289k▼
Operating profit (loss)9901€-322k€-441k▼
Financial charges65/66B€68k€100k▲
Recurring financial charges65€68k€100k▲
Profit (loss) for the period before taxes9903€-390k€-541k▼
Income taxes67/77€2k€3k▲
Profit (loss) for the period9904€-392k€-544k▼
Profit (loss) for the period to be appropriated9905€-392k€-544k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1.08M€-1.63M▼
Profit (loss) brought forward from the previous period14P€-692k€-1.08M▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-544k
Net result drops to €-544k, the lowest in the series.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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 2017
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.
De Gerlachekaai 202000 AntwerpenGround area
3,310 m²
Building footprint
1,463 m²
Volume, LiDAR
33,042 m³
Parcel 11811L3947/00N000, Flanders · tallest building 29.4 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
WARINSART
since 20172.266.396.783
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3947/00N000 | Flanders | 3,310 m² | 1 · 1,463 m² | 29.4 m · 8 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
G & C HOLDING
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SERVICES TECHNIQUES D'IMMEUBLES
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Liège · Eq €11.72M
DOVY CONSTRUCT
BE 0827.907.569
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NATAB
BE 0817.385.742
Antwerpen · Eq €11.82M
Of 3,765 companies in sector 68321 we hold annual accounts for 1,390. 248 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-04-2017
Fiscal year end31-12
Activities, NACEBEL
68321Property management for co-owned buildings (syndics)
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:corporate@exmar.be
Phone:03/247.56.88