WARMAR
ActiveSummary
WARMAR has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €63k and a net result of €9k. Equity is growing by ~10.6% per year across the filed fiscal years. Its solvency ranks better than 83% of 1330 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability82▲+5
Solvency100▲+15
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 10.51 against 1.87 in 2023; short-term debt: 5.1% and cash: 32% of total assets), and 25.3% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+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 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
74.7%
Return on assets
10.3%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
31 d late
2022
32 d late
2021
31 d late
2020
61 d late
2019
153 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2024, micro schema
Equity
€63k▲ 12.4%
2023 · €56k
Total assets
€84k▼ 9.6%
2023 · €93k
Net result
€9k▲ 43.2%
2023 · €6k
Working capital
€41k▲ 74.8%
2023 · €24k
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€-2k€22k€17k▼ 24.7%€11k▼ 35.8%€14k▲ 27.8%
Net result€-3k€15k€10k▼ 31.8%€6k▼ 42.1%€9k▲ 43.2%
Equity€36k▼ 8.1%€50k▲ 38.1%€59k▲ 17.8%€56k▼ 4.2%€63k▲ 12.4%
Total assets€62k▼ 10.8%€78k▲ 26.0%€102k▲ 31.0%€93k▼ 8.3%€84k▼ 9.6%
Debt€26k▼ 14.4%€28k▲ 9.2%€43k▲ 54.3%€37k▼ 13.8%€21k▼ 42.7%
Working capital€22k▼ 12.4%€32k▲ 48.2%€22k▼ 30.8%€24k▲ 5.4%€41k▲ 74.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 28% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €84k
Fixed assets
€39k ▼ 8.8%
Current assets
€46k ▼ 10.3%
Equity and liabilities €84k
Equity
€63k ▲ 12.4%
Debt
€21k ▼ 42.7%
Debt's share of the balance-sheet total falls from 39.9% to 25.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€26k▲
2023 · €24k
Cash flow
€22k▲
2023 · €19k
Current ratio
10.51▲
2023 · 1.87
Quick ratio
10.47▲
2023 · 1.86
Debt to equity
0.34▼
2023 · 0.66
ROE
13.7%▲
2023 · 10.8%
ROA
10.3%▲
2023 · 6.5%
Interest coverage
30.20▲
2023 · 19.04
Debt ≤ 1 year
€4k▼
2023 · €27k
Debt > 1 year
€17k▲
2023 · €10k
Income taxes
€4k▲
2023 · €3k
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €9k | €14k | €13k | €13k | ▼ 1.2% |
| Other operating charges640/8 | - | €708 | €2k | €2k | €1k | ▼ 43.4% |
| Gross operating margin9900 | €12k | €32k | €32k | €25k | €28k | ▲ 7.9% |
| Operating profit (loss)9901 | €-2k | €22k | €17k | €11k | €14k | ▲ 27.8% |
| Financial income75/76B | - | €0 | €135 | €18 | €1 | ▼ 94.4% |
| Recurring financial income75 | €15 | €0 | €135 | €18 | €1 | ▼ 94.4% |
| Financial charges65/66B | - | €1k | €1k | €1k | €877 | ▼ 29.5% |
| Recurring financial charges65 | €836 | €1k | €1k | €1k | €877 | ▼ 29.5% |
| Profit (loss) for the period before taxes9903 | €-3k | €21k | €15k | €9k | €13k | ▲ 35.1% |
| Income taxes67/77 | €52 | €5k | €5k | €3k | €4k | ▲ 20.7% |
| Profit (loss) for the period9904 | €-3k | €15k | €10k | €6k | €9k | ▲ 43.2% |
| Profit (loss) for the period to be appropriated9905 | €-3k | €15k | €10k | €6k | €9k | ▲ 43.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €62k | €78k | €102k | €93k | €84k | ▼ 9.6% |
| Fixed assets21/28 | €20k | €18k | €54k | €43k | €39k | ▼ 8.8% |
| Tangible fixed assets22/27 | €19k | €17k | €53k | €41k | €38k | ▼ 9.0% |
| Plant, machinery and equipment23 | - | €4k | €26k | €20k | €15k | ▼ 23.4% |
| Furniture and vehicles24 | - | €13k | €27k | €21k | €22k | ▲ 4.3% |
| Financial fixed assets28 | €1k | €1k | €1k | €1k | €1k | = |
| Current assets29/58 | €42k | €60k | €48k | €51k | €46k | ▼ 10.3% |
| Stocks and contracts in progress3 | €186 | €83 | €331 | €147 | €183 | ▲ 24.9% |
| Stocks30/36 | - | €83 | €331 | €147 | €183 | ▲ 24.9% |
| Amounts receivable within one year40/41 | €21k | €10k | €6k | €29k | €15k | ▼ 49.1% |
| Trade receivables40 | - | €345 | €26 | €19k | €659 | ▼ 96.4% |
| Other amounts receivable41 | - | €9k | €6k | €10k | €14k | ▲ 38.5% |
| Cash at bank and in hand54/58 | €19k | €47k | €38k | €19k | €27k | ▲ 42.5% |
| Deferred charges and accrued income490/1 | - | €2k | €3k | €3k | €4k | ▲ 19.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €62k | €78k | €102k | €93k | €84k | ▼ 9.6% |
| Equity10/15 | €36k | €50k | €59k | €56k | €63k | ▲ 12.4% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Capital10 | - | €6k | €6k | - | - | - |
| Issued capital100 | - | €19k | €19k | - | - | - |
| Uncalled capital101 | - | €12k | €12k | - | - | - |
| Reserves13 | €33k | €44k | €52k | €50k | €57k | ▲ 13.9% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Legal reserve130 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €42k | €50k | €50k | €57k | ▲ 13.9% |
| Profit (loss) carried forward14 | €-3k | - | - | - | - | - |
| Amounts payable17/49 | €26k | €28k | €43k | €37k | €21k | ▼ 42.7% |
| Amounts payable after more than one year17 | €6k | €869 | €18k | €10k | €17k | ▲ 69.8% |
| Financial debts170/4 | - | €869 | €18k | €10k | €17k | ▲ 69.8% |
| Amounts payable within one year42/48 | €20k | €27k | €25k | €27k | €4k | ▼ 84.1% |
| Current portion of amounts payable after more than one year42 | - | €5k | €13k | €8k | €928 | ▼ 88.4% |
| Trade debts44 | €6k | €14k | €2k | €6k | €2k | ▼ 73.3% |
| Suppliers440/4 | - | €14k | €2k | €6k | €2k | ▼ 73.3% |
| Advances received on contracts in progress46 | - | - | €1k | - | - | - |
| Taxes, remuneration and social security45 | - | €6k | €7k | €4k | - | - |
| Taxes450/3 | - | €6k | €7k | €4k | - | - |
| Other amounts payable47/48 | - | €2k | €2k | €9k | €2k | ▼ 79.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-3k | €15k | €10k | €6k | €9k | ▲ 43.2% |
| + Depreciation and write-downs630 | €14k | €9k | €14k | €13k | €13k | ▼ 1.2% |
| Operating cash flow (approximation) | €11k | €24k | €24k | €19k | €22k | ▲ 12.9% |
| Investment in fixed assets (approximation) | - | €-7k | €-50k | €-1k | €-9k | ▼ 611% |
| Change in cash | - | €29k | €-9k | €-19k | €8k | ▲ 142% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Liquidity times 6current ratio 10.51
Current ratio from 1.87 to 10.51; short-term debt falls from €27k to €4k.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
31-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 153 days late
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 92 days late
2017
30-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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, Antwerpen · 1 establishment unit since 2015
Ground area
1,410 m²
Building footprint
138 m²
Volume, LiDAR
765 m³
Parcel 11820B0277/00K000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
warmar
since 20152.245.488.236
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11820B0277/00K000 | Flanders | 1,410 m² | 1 · 138 m² | 8.2 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.
Recognitions · licences · registrations
Legal Entity Identifier
254900RLRIO14JQRRQ85
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Of 2,325 companies in sector 42110 we hold annual accounts for 1,096. 694 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
Founded08-09-2015
Fiscal year end31-12
Activities, NACEBEL 2025
42110Construction of roads and motorways
Scores and ratios are computed by Checked and are not a credit decision.