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WARMAR

Active
Private limited companyfounded 201511 yrs activeBrazilianenstraat 45, 2040 Antwerpen, BelgiumKBO/BCE: BE 0636.875.076
Summary

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 2024
Solvency, 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 filings
Deviation 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)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 8 September 2015, WARMAR was incorporated.1 Total assets went from EUR 82,820 in 2018 to EUR 84,445 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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
€-10k€0€10k€20kOperating result 2020: €-2k€-2kNet result 2020: €-3k€-3kOperating result 2021: €22k€22kNet result 2021: €15k€15kOperating result 2022: €17k€17kNet result 2022: €10k€10kOperating result 2023: €11k€11kNet result 2023: €6k€6kOperating result 2024: €14k€14kNet result 2024: €9k€9k20202021202220232024€0€5k€10k€15kOperating result 2022: €17k€17kNet result 2022: €10k€10kOperating result 2023: €11k€11kNet result 2023: €6k€6kOperating result 2024: €14k€14kNet result 2024: €9k€8.7k202220232024
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
2024 value · change against 2023
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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 47 lines
Balance sheet Code20232024
Assets
Total assets20/58€93k€84k▼
Fixed assets21/28€43k€39k▼
Tangible fixed assets22/27€41k€38k▼
Plant, machinery and equipment23€20k€15k▼
Furniture and vehicles24€21k€22k▲
Financial fixed assets28€1k€1k=
Current assets29/58€51k€46k▼
Stocks and contracts in progress3€147€183▲
Stocks30/36€147€183▲
Amounts receivable within one year40/41€29k€15k▼
Trade receivables40€19k€659▼
Other amounts receivable41€10k€14k▲
Cash at bank and in hand54/58€19k€27k▲
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€93k€84k▼
Equity10/15€56k€63k▲
Contributions10/11€6k€6k=
Reserves13€50k€57k▲
Distributable reserves133€50k€57k▲
Amounts payable17/49€37k€21k▼
Amounts payable after more than one year17€10k€17k▲
Financial debts170/4€10k€17k▲
Amounts payable within one year42/48€27k€4k▼
Current portion of amounts payable after more than one year42€8k€928▼
Trade debts44€6k€2k▼
Suppliers440/4€6k€2k▼
Taxes, remuneration and social security45€4k-
Taxes450/3€4k-
Other amounts payable47/48€9k€2k▼
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€13k▼
Other operating charges640/8€2k€1k▼
Gross operating margin9900€25k€28k▲
Operating profit (loss)9901€11k€14k▲
Financial income75/76B€18€1▼
Recurring financial income75€18€1▼
Financial charges65/66B€1k€877▼
Recurring financial charges65€1k€877▼
Profit (loss) for the period before taxes9903€9k€13k▲
Income taxes67/77€3k€4k▲
Profit (loss) for the period9904€6k€9k▲
Profit (loss) for the period to be appropriated9905€6k€9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€6k€9k▲
Transfer from equity791/2€7k-
Transfer to equity691/2€4k€7k▲
To other reserves6921€4k€7k▲
Profit to be distributed694/7€9k€2k▼
Return on contributions (dividend)694€9k€2k▼

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
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%
Line20202021202220232024Change
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%
Line20202021202220232024Change
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.

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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
seat establishment The establishment unit on the map
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
Brazilianenstraat 45, 2040 AntwerpenManufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
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
live in the LEI register

Similar companies · same sector, comparable size

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.