WARNIER
ActiveSummary
WARNIER has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €361,208 and a net result of €16,554. Equity is growing by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 61% of 4209 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-1
Solvency71▼-24
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 1.75 against 3.79 in 2024; short-term debt: 50.9% and cash: 32.5% of total assets), but 54.1% 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
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
45.9%
Return on assets
2.1%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
6 d early
2023
8 d early
2022
39 d early
2020
9 d early
2019
27 d late
2018
29 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 1 day before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€16,554▲ 39.3%
2024 · €11,888
Working capital
€299,580▲ 4.3%
2024 · €287,233
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
Line20202022202320242025
Operating result€75,902▲ 328%€51,521-€8,710▼ 83.1%€20,908▲ 140%€25,195▲ 20.5%
Net result€49,383▲ 187%€35,915-€3,180▼ 91.1%€11,888▲ 274%€16,554▲ 39.3%
Equity€293,671▲ 20.2%€329,587-€332,767▲ 1.0%€344,655▲ 3.6%€361,208▲ 4.8%
Total assets€532,775▲ 18.6%€556,643-€489,432▼ 12.1%€494,315▲ 1.0%€786,373▲ 59.1%
Debt€233,297▲ 19.4%€226,330-€156,665▼ 30.8%€149,660▼ 4.5%€425,165▲ 184%
Working capital€310,147▲ 75.7%€301,818-€284,604▼ 5.7%€287,233▲ 0.9%€299,580▲ 4.3%
Staff (FTE)1=2-2=2=3.1▲ 55.0%
Why a figure moved sharply
- 2025 Total assets +59% on 2024. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 21% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €786,373
Fixed assets
€86,386 ▼ 17.2%
Current assets
€699,987 ▲ 79.5%
Equity and liabilities €786,373
Equity
€361,208 ▲ 4.8%
Debt
€425,165 ▲ 184%
Debt's share of the balance-sheet total rises from 30.3% to 54.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€64,125▲
2024 · €49,369
Cash flow
€55,483▲
2024 · €40,349
Current ratio
1.75▼
2024 · 3.79
Quick ratio
1.42▼
2024 · 3.43
Debt to equity
1.18▲
2024 · 0.43
ROE
4.6%▲
2024 · 3.4%
ROA
2.1%▼
2024 · 2.4%
Interest coverage
17.78▲
2024 · 12.98
Debt ≤ 1 year
€400,406▲
2024 · €102,774
Debt > 1 year
€24,758▼
2024 · €38,959
Income taxes
€5,175▼
2024 · €5,352
Staff costs
€158,039▲
2024 · €101,037
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 16,986 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1,357 | - | - |
| Remuneration, social security and pensions62 | - | €108,572 | €106,516 | €101,037 | €158,039 | ▲ 56.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,495 | €60,633 | €29,222 | €28,461 | €38,930 | ▲ 36.8% |
| Other operating charges640/8 | - | €11,230 | €4,683 | €3,665 | €3,591 | ▼ 2.0% |
| Gross operating margin9900 | €144,967 | €231,957 | €149,132 | €154,071 | €225,754 | ▲ 46.5% |
| Operating profit (loss)9901 | €75,902 | €51,521 | €8,710 | €20,908 | €25,195 | ▲ 20.5% |
| Financial income75/76B | - | €8 | €53 | €136 | €140 | ▲ 2.4% |
| Recurring financial income75 | €6 | €8 | €53 | €136 | €140 | ▲ 2.4% |
| Financial charges65/66B | - | €4,428 | €3,173 | €3,804 | €3,606 | ▼ 5.2% |
| Recurring financial charges65 | €2,375 | €4,428 | €3,173 | €3,804 | €3,606 | ▼ 5.2% |
| Profit (loss) for the period before taxes9903 | €73,533 | €47,101 | €5,590 | €17,240 | €21,728 | ▲ 26.0% |
| Transfer from deferred taxes780 | - | €5,080 | €726 | - | - | - |
| Income taxes67/77 | €28,098 | €16,266 | €3,136 | €5,352 | €5,175 | ▼ 3.3% |
| Profit (loss) for the period9904 | €49,383 | €35,915 | €3,180 | €11,888 | €16,554 | ▲ 39.3% |
| Transfer from tax-exempt reserves789 | - | €15,257 | €2,180 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €61,240 | €51,172 | €5,360 | €11,888 | €16,554 | ▲ 39.3% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €532,775 | €556,643 | €489,432 | €494,315 | €786,373 | ▲ 59.1% |
| Fixed assets21/28 | €61,258 | €89,695 | €73,280 | €104,307 | €86,386 | ▼ 17.2% |
| Intangible fixed assets21 | - | €1,043 | €771 | €499 | €227 | ▼ 54.5% |
| Tangible fixed assets22/27 | €61,134 | €88,528 | €72,386 | €103,684 | €86,036 | ▼ 17.0% |
| Plant, machinery and equipment23 | - | €18,163 | €15,696 | €11,259 | €19,557 | ▲ 73.7% |
| Furniture and vehicles24 | - | €41,154 | €28,591 | €72,134 | €47,556 | ▼ 34.1% |
| Leasing and similar rights25 | - | €29,212 | €28,099 | €20,291 | €12,408 | ▼ 38.9% |
| Other tangible fixed assets26 | - | - | - | - | €6,514 | - |
| Financial fixed assets28 | €124 | €124 | €124 | €124 | €124 | = |
| Current assets29/58 | €471,517 | €466,948 | €416,152 | €390,008 | €699,987 | ▲ 79.5% |
| Amounts receivable after more than one year29 | - | - | - | - | €180,988 | - |
| Other amounts receivable291 | - | - | - | - | €180,988 | - |
| Stocks and contracts in progress3 | €24,024 | €52,576 | €36,596 | €37,415 | €132,986 | ▲ 255% |
| Stocks30/36 | - | €52,576 | €36,596 | €37,415 | €132,986 | ▲ 255% |
| Amounts receivable within one year40/41 | €336,931 | €263,498 | €271,789 | €263,916 | €130,325 | ▼ 50.6% |
| Trade receivables40 | - | €46,863 | €79,527 | €82,281 | €122,005 | ▲ 48.3% |
| Other amounts receivable41 | - | €216,635 | €192,262 | €181,636 | €8,320 | ▼ 95.4% |
| Cash at bank and in hand54/58 | €87,691 | €143,232 | €103,194 | €76,113 | €255,688 | ▲ 236% |
| Deferred charges and accrued income490/1 | - | €7,642 | €4,572 | €12,563 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €532,775 | €556,643 | €489,432 | €494,315 | €786,373 | ▲ 59.1% |
| Equity10/15 | €293,671 | €329,587 | €332,767 | €344,655 | €361,208 | ▲ 4.8% |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €80,536 | €116,451 | €114,272 | €326,063 | €342,572 | ▲ 5.1% |
| Tax-exempt reserves132 | - | €2,180 | - | - | - | - |
| Distributable reserves133 | - | €114,272 | €114,272 | €326,063 | €342,572 | ▲ 5.1% |
| Profit (loss) carried forward14 | €194,543 | €194,543 | €199,903 | - | €44 | - |
| Provisions and deferred taxes16 | €5,806 | €726 | - | - | - | - |
| Deferred taxes168 | - | €726 | - | - | - | - |
| Amounts payable17/49 | €233,297 | €226,330 | €156,665 | €149,660 | €425,165 | ▲ 184% |
| Amounts payable after more than one year17 | - | €19,755 | €16,103 | €38,959 | €24,758 | ▼ 36.5% |
| Financial debts170/4 | - | €19,755 | €16,103 | €38,959 | €24,758 | ▼ 36.5% |
| Amounts payable within one year42/48 | €161,370 | €165,130 | €131,547 | €102,774 | €400,406 | ▲ 290% |
| Current portion of amounts payable after more than one year42 | - | €36,122 | €37,847 | €15,364 | €15,721 | ▲ 2.3% |
| Trade debts44 | €109,984 | €104,178 | €60,297 | €59,865 | €248,032 | ▲ 314% |
| Suppliers440/4 | - | €104,178 | €60,297 | €59,865 | €248,032 | ▲ 314% |
| Advances received on contracts in progress46 | - | €16,181 | €10,763 | €11,240 | €108,972 | ▲ 870% |
| Taxes, remuneration and social security45 | - | €8,649 | €19,268 | €15,488 | €27,606 | ▲ 78.2% |
| Taxes450/3 | - | - | €8,061 | €1,262 | - | - |
| Remuneration and social security454/9 | - | €8,649 | €11,207 | €14,226 | €27,606 | ▲ 94.0% |
| Other amounts payable47/48 | - | - | €3,372 | €817 | €76 | ▼ 90.7% |
| Accrued charges and deferred income492/3 | - | €41,445 | €9,015 | €7,926 | - | - |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €49,383 | €35,915 | €3,180 | €11,888 | €16,554 | ▲ 39.3% |
| + Depreciation and write-downs630 | €27,495 | €60,633 | €29,222 | €28,461 | €38,930 | ▲ 36.8% |
| Operating cash flow (approximation) | €76,878 | €96,548 | €32,403 | €40,349 | €55,483 | ▲ 37.5% |
| Investment in fixed assets (approximation) | - | - | -€12,808 | -€59,488 | -€21,009 | ▲ 64.7% |
| Change in cash | - | - | -€40,038 | -€27,081 | €179,575 | ▲ 763% |
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
Next filing, fiscal year 2026, expected by
2026
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
24-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
22-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-09
Financial
Weakest financial yearnet €3,180 ▼91.1%
Net result drops to €3,180, the lowest in the series; recovery starts the following year.
22-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €49,383 ▲187%
Operating result €75,902, net result €49,383, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 27 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
2016
25-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Sambreville · 1 establishment unit since 1980
Ground area
7,057 m²
Building footprint
1,876 m²
Volume, LiDAR
8,761 m³
2 parcels, Wallonia · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue Bois Sainte Marie(AUV) 170, 5060 Sambreville
since 19802.018.915.537
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92041B0579/00H000 | Wallonia | 3,561 m² | 1 · 122 m² | - |
| 92007A0520/00G002 | Wallonia | 3,496 m² | 1 · 1,753 m² | 7.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,513 companies in sector 47540 we hold annual accounts for 805. 639 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
Founded28-03-1980
Fiscal year end30-09
Activities, NACEBEL 2025
47540Retail sale of electrical household appliances
E-invoicing
Reachable via Peppol
Peppol ID
0208:0420260616
Also
9925:BE0420260616
Registered
17-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.