Result
€105,763 ▲ 569%
The result rose in 2025 from €15,809 to €105,763.
WARLING
Lifetime
16 annual accounts with figures on one time axispeak €838,311 (2025)
€838,311▲ 24.9%
lowest -€114,538 (2019)
€105,763▲ 569%
peak €104,422 (2018)
€68,378▲ €105,763
€978,608▼ 16.6%
peak 11.5 FTE (2018)
10.8 FTE▲ 4.9%
Board2 names since 2021
1 directorStéphane WARLING
Documentsfilings and deeds
24-09-202655 days late
2025financial year
Gross margin from €671,259 to €838,311Result from €15,809 to €105,763Equity from -€37,386 to €68,378Debts from €1.2m to €978,608
Key points
from the 2025 annual accountsTurnover
≈ €7.3m estimated
The accounts state no turnover.
Debts
€978,608 93% of the balance sheet
Financial debts 56%Suppliers 15%Taxes and wages 18%Other 11%
Of this, €681,732 falls due within a year.
Staff
13 employees on 31-12-2025
In 2025, 11 people joined and 10 left.
Filings
16 annual accounts since 2010
Eight of the last ten came late. The 2017 accounts came latest: 121 days after the end of the period.
Position in the sector
6.5%
Lower solvency than 82% of companies in retail trade. Sector median 36.2% · 5,069 companies.
Checked score
69
Healthy
Financially stronger than 59% of small companies in retail trade (NACE 47)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 3,697 companies (NACE 47, small).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.8%
01-2025: 1.8%● unchanged vs 12-2024
02-2025: 1.9%▲ +0.1 percentage points vs 01-2025
03-2025: 1.9%● unchanged vs 02-2025
04-2025: 1.8%▼ -0.1 percentage points vs 03-2025
05-2025: 1.8%● unchanged vs 04-2025
06-2025: 1.7%▼ -0.1 percentage points vs 05-2025
07-2025: 2.1%▲ +0.4 percentage points vs 06-2025
08-2025: 2.9%▲ +0.8 percentage points vs 07-2025highest value
09-2025: 1.5%▼ -1.4 percentage points vs 08-2025
10-2025: 1.5%● unchanged vs 09-2025
11-2025: 1.5%● unchanged vs 10-2025
12-2025: 1.5%● unchanged vs 11-2025
01-2026: 1.5%● unchanged vs 12-2025
02-2026: 1.5%● unchanged vs 01-2026
03-2026: 1.5%● unchanged vs 02-2026
04-2026: 1.5%● unchanged vs 03-2026
05-2026: 1.5%● unchanged vs 04-2026
06-2026: 1.4%▼ -0.1 percentage points vs 05-2026
07-2026: 1.6%▲ +0.2 percentage points vs 06-2026
08-2026: 2.3%▲ +0.7 percentage points vs 07-2026
09-2026: 2.5%▲ +0.2 percentage points vs 08-2026
10-2026: 0.8%▼ -1.7 percentage points vs 09-2026lowest value
11-2026: 0.8%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Equity €68,378 (6.5% of total assets)
Last filed accounts filed 55 days late; 1 of the last 3 accounts late
lowers risk
Founded in 2010
Profit of €105,763 (financial year 2025)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, small). It does better than 18% of them on solvency, 41% on liquidity, 80% on profitability and 98% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 536 companies had the same profile as WARLING has now. Each dot stands for 2 companies, two years later.
95.9%
were still trading
3.4%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of WARLING itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 536 companies, not a prediction for WARLING. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €4,500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.01 (0.92 in 2024), below the usual 1.5. Short-term debt is 65.1% and cash 17.8% of total assets. 93.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 5069 sector peers (2025).
NBB · sector comparisonPosition among 5069 sector peers
Solvency
better than 17%
← weakest
strongest →
raises risk · 2025 accounts filed 55 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-09-2026, 55 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
55 days late
2024
29 days late
2023
30 days early
2022
24 days late
2021
31 days early
2020
53 days late
2019
84 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 26 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 24 August (4 of the last 5 accounts filed within 53 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0821958697
Change of role: Stéphane WARLING, from manager to director
Resignation: HEUVENEERS Marie (gérant suppléante) · “L’exploitation de garages,d’ateliers de réparation de tous véhicules de tout type de motorisation(en ce…” (deed in French) · Director discharge: Stéphane WARLING · General meeting of 11-04-2024 · Gazette deed
New establishment in Aubange
Site Halanzy, Rue de la Forge - AIX-s-CLOIE 43
Incorporation
published on 14-01-2010 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| WARLING Virton | €1.0m | €838,311 | 6.5% | 10.8 |
| AR AUTOMOBILE Chiny | €1.6m | €930,760 | 49.6% | 12.9 |
| GAUMAUTO Tintigny | €0.9m | €469,500 | 2.2% | 8.3 |
| STYLCAR 2 Florennes | €1.1m | €572,492 | 16.0% | 8.7 |
| GARAGE VANDENDRIESCH Wezembeek-Oppem | €1.4m | €877,840 | 12.4% | 11.7 |
| BLITS Beveren-Kruibeke-Zwijndrecht | €1.4m | €875,291 | -7.7% | 11.1 |
| RUN ART AUTOMOBILE Ottignies-Louvain-la-Neuve | €1.5m | €534,091 | 24.4% | 10 |
These companies have the same main activity as WARLING: retail sale of cars and light vans (up to 3.5 tonnes) (NACE 47811). They are comparable in size and age: total assets between €915,000 and €1.6m, founded between 2004 and 2013.
Official details
Source: KBO- Status
- Active since 05-01-2010Normal situation
- Activity
- Retail sale of cars and light vans (up to 3.5 tonnes)NACE 47811and 2 others
- Joint committee
- 112Garages · annual accounts 2025
- Establishment units
- 2.185.428.0146760 Virton, since 01-01-2010
- 2.273.708.2096792 Aubange, since 01-01-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Insights on WARLING
WARLING has existed since 2010. In 2017 the gross margin rose from €256,386 to €569,414 and staff from 5 to 11.4 full-time equivalents. On 1 January 2017 a site was added.
Solvency rose in 2025 from -3.3% to 6.5% because of the retained profit and lower debts.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about WARLING
- What is the company number of WARLING?
- The company number of WARLING is 0821.958.697. The VAT number is the same number with BE in front: BE 0821.958.697.
- Where is WARLING based?
- The registered office is at Avenue de la Grange-au-Bois 20, 6760 Virton.Company details
- What does WARLING do?
- According to the KBO register, the main activity is retail sale of cars and light vans (up to 3.5 tonnes) (NACE 47811).
- What is the legal form of WARLING?
- WARLING is a private limited company (BV).
- When was WARLING founded?
- WARLING was founded on 05-01-2010.
- Is WARLING still active?
- Yes, WARLING is an active enterprise in the KBO register.
- How many employees does WARLING have?
- WARLING had an average of 10.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does WARLING fall under?
- In its 2025 annual accounts, WARLING states joint committee 112 (Garages).
- What is the turnover of WARLING?
- The turnover in financial year 2025 is ≈ €7.3m. This figure is estimated from the gross margin of €838,311 and 30 comparable companies (NACE 47811). It probably lies between €4.1m and €11.0m.
- Is WARLING profitable?
- In financial year 2025, WARLING made a profit of €105,763.
- Where can I find the annual accounts of WARLING?
- WARLING filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of WARLING due?
- WARLING must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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