WARM-UP
ActiveSummary
The computed 12-month bankruptcy probability of WARM-UP is 1.6% (moderate). The 2024 annual accounts show equity of €72k and a net result of €8k. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 70% of 36375 sector peers (fiscal year 2024). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability78▲+70
Solvency90▲+11
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 2.61 against 2.08 in 2023; short-term debt: 35.4% and cash: 84.3% of total assets), and 35.4% of the assets are financed with debt.
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Signals
Five 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
64.6%
Return on assets
7.5%
Age of the figures
21 mo
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 12-06-2025, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
49 d early
2023
57 d early
2022
54 d early
2021
54 d early
2020
54 d early
2019
56 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€8k
2023 · €-10k
Working capital
€63k▲ 17.8%
2023 · €54k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€-1k€8k€-1k€-10k▼ 661%€10k
Net result€-1k€6k€-2k€-10k▼ 413%€8k
Equity€69k▼ 1.9%€75k▲ 8.8%€73k▼ 2.6%€63k▼ 13.5%€72k▲ 13.0%
Total assets€105k▲ 31.9%€127k▲ 20.6%€120k▼ 5.5%€117k▼ 2.9%€111k▼ 4.8%
Debt€36k▲ 285%€52k▲ 43.1%€47k▼ 9.8%€53k▲ 13.7%€39k▼ 26.1%
Working capital€63k▼ 4.4%€64k▲ 2.0%€63k▼ 2.3%€54k▼ 13.9%€63k▲ 17.8%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €10k after a loss of €10k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €111k
Fixed assets
€8k ▼ 34.7%
Current assets
€103k ▼ 1.2%
Equity and liabilities €111k
Equity
€72k ▲ 13.0%
Debt
€39k ▼ 26.1%
Debt's share of the balance-sheet total falls from 45.6% to 35.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€15k▲
2023 · €-3k
Cash flow
€14k▲
2023 · €-3k
Current ratio
2.61▲
2023 · 2.08
Debt to equity
0.55▼
2023 · 0.84
ROE
11.5%▲
2023 · -15.6%
ROA
7.5%▲
2023 · -8.5%
Interest coverage
63.42▲
2023 · -8.44
Debt ≤ 1 year
€39k▼
2023 · €50k
Income taxes
€1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €360 | €220 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €7k | €8k | €7k | €6k | ▼ 22.8% |
| Other operating charges640/8 | - | €1k | €934 | €1k | €727 | ▼ 30.3% |
| Gross operating margin9900 | €2k | €17k | €8k | €-2k | €16k | ▲ 1,155% |
| Operating profit (loss)9901 | €-1k | €8k | €-1k | €-10k | €10k | ▲ 197% |
| Financial income75/76B | - | €38 | €36 | €228 | €41 | ▼ 82.0% |
| Recurring financial income75 | €93 | €38 | €36 | €228 | €41 | ▼ 82.0% |
| Financial charges65/66B | - | €497 | €601 | €302 | €239 | ▼ 20.9% |
| Recurring financial charges65 | €151 | €497 | €601 | €302 | €239 | ▼ 20.9% |
| Profit (loss) for the period before taxes9903 | €-1k | €8k | €-2k | €-10k | €9k | ▲ 194% |
| Income taxes67/77 | - | €2k | €75 | - | €1k | - |
| Profit (loss) for the period9904 | €-1k | €6k | €-2k | €-10k | €8k | ▲ 184% |
| Profit (loss) for the period to be appropriated9905 | €-1k | €6k | €-2k | €-10k | €8k | ▲ 184% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €105k | €127k | €120k | €117k | €111k | ▼ 4.8% |
| Fixed assets21/28 | €6k | €26k | €20k | €13k | €8k | ▼ 34.7% |
| Tangible fixed assets22/27 | €6k | €26k | €20k | €13k | €8k | ▼ 34.7% |
| Furniture and vehicles24 | - | €26k | €20k | €13k | €8k | ▼ 34.7% |
| Current assets29/58 | €99k | €101k | €100k | €104k | €103k | ▼ 1.2% |
| Amounts receivable within one year40/41 | €11k | €10k | €9k | €9k | €8k | ▼ 12.3% |
| Trade receivables40 | - | €3k | €860 | €696 | €2k | ▲ 127% |
| Other amounts receivable41 | - | €7k | €8k | €9k | €7k | ▼ 23.3% |
| Cash at bank and in hand54/58 | €87k | €90k | €91k | €94k | €93k | ▼ 0.1% |
| Deferred charges and accrued income490/1 | - | €28 | €720 | €769 | €824 | ▲ 7.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €105k | €127k | €120k | €117k | €111k | ▼ 4.8% |
| Equity10/15 | €69k | €75k | €73k | €63k | €72k | ▲ 13.0% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €21k | €21k | €21k | €21k | €21k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | - | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €30k | €36k | €34k | €24k | €32k | ▲ 34.2% |
| Amounts payable17/49 | €36k | €52k | €47k | €53k | €39k | ▼ 26.1% |
| Amounts payable after more than one year17 | - | €15k | €9k | €3k | - | - |
| Financial debts170/4 | - | €15k | €9k | €3k | - | - |
| Amounts payable within one year42/48 | €36k | €37k | €38k | €50k | €39k | ▼ 21.5% |
| Current portion of amounts payable after more than one year42 | - | €6k | €6k | €7k | €3k | ▼ 53.3% |
| Trade debts44 | €33k | €29k | €29k | €38k | €34k | ▼ 11.6% |
| Suppliers440/4 | - | €29k | €29k | €38k | €34k | ▼ 11.6% |
| Advances received on contracts in progress46 | - | - | €1k | €5k | - | - |
| Taxes, remuneration and social security45 | - | €2k | €2k | €94 | €1k | ▲ 1,063% |
| Taxes450/3 | - | €2k | €2k | €94 | €1k | ▲ 1,063% |
| Other amounts payable47/48 | - | - | - | - | €1k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-1k | €6k | €-2k | €-10k | €8k | ▲ 184% |
| + Depreciation and write-downs630 | €3k | €7k | €8k | €7k | €6k | ▼ 22.8% |
| Operating cash flow (approximation) | €1k | €13k | €6k | €-3k | €14k | ▲ 630% |
| Investment in fixed assets (approximation) | - | €-27k | €-1k | €0 | €-1k | - |
| Change in cash | - | €4k | €319 | €3k | €-84 | ▼ 103% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
12-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €8k
Net result €8k after 2 loss-making years.
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
05-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
04-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
06-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Etterbeek · 1 establishment unit since 2004
Ground area
1.3 ha
Building footprint
1.1 ha
Volume, LiDAR
121,616 m³
Parcel 21362B0253/02F000, Brussels · tallest building 34.4 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
WARM-UP
since 20042.142.485.025
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21362B0253/02F000 | Brussels | 1.3 ha | 1 · 1.1 ha | 34.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 7,044 companies in sector 43221 we hold annual accounts for 3,473. 3,050 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded11-10-2004
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
Contact
Phone
0475/331 143Etterbeek
Scores and ratios are computed by Checked and are not a credit decision.