Active BE 0773.858.971Private limited company

WARNE

Marktplein 19 ·1880 Kapelle-op-den-Bos, Belgium· 4 yrs active

Sector: Activities of holding companies (64210)

Conclusion Checked

WARNE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €85k and a net result of €54k. Equity is shrinking by ~17.4% per year across the filed fiscal years. Its solvency ranks better than 13% of 5424 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€85k
Net result	€54k
Better than sector	13%
Active	4 yrs

Financial profile 4 of 5 axes measured · computed by Checked

60 / 100

Strong profile, led by profitability.

Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.

Health -

Profitability 100

Solvency 12

Growth 32

Stability 94

Bankruptcy probability (12 mo) Checked model v1 · free

This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2021, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score

Model not applicable to financial institutions

The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here.

Financial overview4 NBB filings

Annual accounts filed on 01-07-2026 with the NBB · fiscal year 2025 · abbreviated schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Net result: declining trend of ~3%/year over 4 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 64, Financial service activities, except insurance and pension funding · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	10.9%	51.8%	better than 13% of 5424 sector peers
Net result	€54k	€53k	better than 50% of 5425 sector peers
Equity	€85k	€622k	better than 16% of 5425 sector peers
Gross operating margin	€71k	€87k	better than 45% of 5421 sector peers
Total assets	€779k	€1.54M	better than 31% of 5425 sector peers

Net profit

€54k

+8.8% 22-25

Total assets

€779k

+1.3% 22-25

Equity

€85k

-23.2% 22-25

Income taxes

€569

+63.7% 22-25

Dividends

€80k

+2.6% 22-25

Debt

€694k

+5.4% 22-25

Debt ≤ 1y

€198k

+49.2% 22-25

Debt > 1y

€493k

-5.8% 22-25

Solvency

10.9%

-24.2% 22-25

ROE

64.1%

+41.7% 22-25

ROA

7.0%

+7.4% 22-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022
Deposit	abbreviated schema	abbreviated schema	abbreviated schema	abbreviated schema
Revenue	n/a	n/a	n/a	n/a
EBITDA	n/a	n/a	n/a	n/a
Net profit	€54k	€50k	€1k	€77k
Cash flow	n/a	n/a	n/a	n/a
Staff costs	-	-	-	-
Income taxes	€569	€347	€110	€26k
Dividends	€80k	€78k	-	-
Total assets	€779k	€769k	€697k	€170k
Equity	€85k	€110k	€138k	€137k
Debt	€694k	€659k	€558k	€33k
of which ≤ 1y	€198k	€132k	€64k	€33k
of which > 1y	€493k	€523k	€494k	-
Working capital	n/a	n/a	n/a	n/a
Employees (FTE)	-	-	-	-

Ratios (computed)

	2025	2024	2023	2022
Current ratio	n/a	n/a	n/a	n/a
Quick ratio	n/a	n/a	n/a	n/a
Working capital ratio	n/a	n/a	n/a	n/a
Solvency	10.9%	14.4%	19.9%	80.7%
Debt / equity	n/a	n/a	n/a	n/a
Long-term debt ratio	n/a	n/a	n/a	n/a
Interest coverage	n/a	n/a	n/a	n/a
Gross margin	n/a	n/a	n/a	n/a
Net margin	n/a	n/a	n/a	n/a
ROA	7.0%	6.5%	0.2%	45.4%
ROE	64.1%	45.3%	1.0%	56.2%
EBITDA margin	n/a	n/a	n/a	n/a
Days sales outstanding	n/a	n/a	n/a	n/a
Days payable outstanding	n/a	n/a	n/a	n/a
Inventory turnover	n/a	n/a	n/a	n/a
Days inventory (DSI)	n/a	n/a	n/a	n/a

Balance-sheet composition 2025

Assets

Fixed assets €638k · 81.9% Current assets €141k · 18.1%

Equity & liabilities

Equity €85k · 10.9% Debt €694k · 89.1%

Full annual accounts (24 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€779k	€769k	€697k	€170k
Fixed assets	21/28	€638k	€698k	€619k	€70k
Tangible fixed assets	22/27	€578k	€638k	€559k	€10k
Financial fixed assets	28	€60k	€60k	€60k	€60k
Current assets	29/58	€141k	€72k	€77k	€100k
Amounts receivable within one year	40/41	€45k	€26k	€26k	€6k
Investments	50/53	€90k	€41k	€18k	€34k
Cash & bank	54/58	€4k	€3k	€32k	€59k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€779k	€769k	€697k	€170k
Equity	10/15	€85k	€110k	€138k	€137k
Contributions / capital	10/11	€60k	€60k	€60k	€60k
Reserves	13	€25k	€50k	€78k	€77k
Amounts payable	17/49	€694k	€659k	€558k	€33k
Amounts payable after one year	17	€493k	€523k	€494k	-
Amounts payable within one year	42/48	€198k	€132k	€64k	€33k
Trade debts payable within one year	44	€3k	€4k	€26k	-
Income statement
Gross operating margin	9900	€71k	€62k	€20k	€107k
Operating result	9901	€13k	€10k	€-60k	€103k
Financial income	75	€66k	€66k	€62k	€638
Financial charges	65	€24k	€26k	€1k	€1k
Result before taxes	9903	€55k	€50k	€2k	€103k
Income taxes	67/77	€569	€347	€110	€26k
Net result for the period	9904	€54k	€50k	€1k	€77k
Result to be appropriated	9905	€54k	€50k	€1k	€77k

Legal Structure

NACE primary	Activities of holding companies(64210)
Legal form	Private limited company(610)
Incorporation	14-09-2021
Status	Active
Postal code	1880

Establishment units 1 location

WARNE

Marktplein 19, 1880 Kapelle-op-den-BosFinancial service activities, except insurance and pension funding

since 20212.321.832.679

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23039A0163/00G002	Flanders	260 m²	1 · 145 m²	10.6 m · 2 fl.

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.

Updates 4 events

All 5Financial 1Filings 4

Next filing, fiscal year 2026, expected by 31-07-2027

2026

01-07

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

30-06

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

05-07

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

31-12

Financial Weakest financial yearnet €1k ▼98.2%

Net result drops to €1k, the lowest in the series; recovery starts the following year.

30-06

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 1 acts read

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Holdings64200Activities of holding companies64210Renting and operating of own or leased residential real estate, excluding social housing68201Renting and operating of own or leased non-residential real estate, excluding land68203Other business support services82990

Names & trade names

Legal nameNL

WARNE

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