WARNIER
ActiveWARNIER has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €170k and a net result of €81k. Equity is growing by ~7.5% per year across the filed fiscal years. Its solvency ranks better than 25% of 2037 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83▲+30
Solvency50▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity short (current ratio 0.73 against 0.79 in 2024; short-term debt: 46.8% and cash: 7.3% of total assets), and 75.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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
Sector 43
higher
← 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
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
24.6%
Return on assets
11.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-05-2026, 88 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
88 d early
2024
94 d early
2023
86 d early
2022
133 d early
2021
100 d early
2020
127 d early
2019
77 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€81k
2024 · €-58
2018: €-50k
2019: €-801
2020: €32k
2021: €38k
2022: €24k
2023: €3k
2024: €-58
2018 → 2025
Working capital
€-88k▼ 32.4%
2024 · €-66k
2018: €-35k
2019: €-50k
2020: €-25k
2021: €-65k
2022: €-54k
2023: €-46k
2024: €-66k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€128k-€151k▲ 17.8%€153k▲ 1.2%€151k▼ 1.1%€170k▲ 12.6%
Operating result€57k-€42k▼ 25.3%€30k▼ 30.0%€31k▲ 5.2%€132k▲ 325%
Net result€38k-€24k▼ 36.4%€3k▼ 85.7%€-58€81k
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 325% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €693k
Fixed assets
€456k▼ 1.6%
Current assets
€237k▼ 7.9%
Equity and liabilities €693k
Equity
€170k▲ 12.6%
Provisions
€49k▲ 2.0%
Debt
€473k▼ 9.2%
The debt ratio falls from 72.3% to 68.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€215k▲
2024 · €107k
Cash flow
€164k▲
2024 · €76k
Solvency
24.6%▲
2024 · 21.0%
Current ratio
0.73▼
2024 · 0.79
Quick ratio
0.51▼
2024 · 0.55
Debt / equity
2.77▼
2024 · 3.44
ROE
47.4%▲
2024 · 0.0%
ROA
11.7%▲
2024 · 0.0%
Interest coverage
10.02▲
2024 · 4.16
Debt
€473k▼
2024 · €521k
Debt ≤ 1 year
€325k▲
2024 · €323k
Debt > 1 year
€143k▼
2024 · €191k
Income taxes
€41k▲
2024 · €15k
Staff costs
€606k▲
2024 · €518k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€721k€693k▼
Fixed assets21/28€464k€456k▼
Tangible fixed assets22/27€464k€456k▼
Land and buildings22€214k€196k▼
Plant, machinery and equipment23€38k€30k▼
Furniture and vehicles24€168k€191k▲
Leasing and similar rights25€45k€39k▼
Financial fixed assets28€288€288=
Current assets29/58€257k€237k▼
Stocks and contracts in progress3€79k€71k▼
Stocks30/36€79k€71k▼
Contracts in progress37-€575
Amounts receivable within one year40/41€88k€100k▲
Trade receivables40€63k€80k▲
Other amounts receivable41€25k€20k▼
Cash at bank and in hand54/58€73k€51k▼
Deferred charges and accrued income490/1€17k€14k▼
Equity and liabilities
Total equity and liabilities10/49€721k€693k▼
Equity10/15€151k€170k▲
Contributions10/11€47k€47k=
Reserves13€159k€180k▲
Tax-exempt reserves132€7k€6k▼
Distributable reserves133€153k€174k▲
Profit (loss) carried forward14€-74k€-73k▲
Investment grants15€18k€17k▼
Provisions and deferred taxes16€49k€49k▲
Provisions for liabilities and charges160/5€45k€46k▲
Environmental obligations163€45k€46k▲
Deferred taxes168€3k€3k▼
Amounts payable17/49€521k€473k▼
Amounts payable after more than one year17€191k€143k▼
Financial debts170/4€166k€143k▼
Other amounts payable178/9€25k-
Amounts payable within one year42/48€323k€325k▲
Current portion of amounts payable after more than one year42€67k€175k▲
Financial debts43€100k-
Credit institutions430/8€100k-
Trade debts44€78k€52k▼
Suppliers440/4€78k€52k▼
Taxes, remuneration and social security45€45k€55k▲
Taxes450/3€9k€20k▲
Remuneration and social security454/9€36k€35k▼
Other amounts payable47/48€34k€43k▲
Accrued charges and deferred income492/3€6k€5k▼
Income statement
Code20242025
Remuneration, social security and pensions62€518k€606k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€76k€83k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€5k€1k▼
Other operating charges640/8€11k€11k▲
Gross operating margin9900€641k€834k▲
Operating profit (loss)9901€31k€132k▲
Financial income75/76B€9k€11k▲
Recurring financial income75€9k€11k▲
Financial charges65/66B€26k€22k▼
Recurring financial charges65€26k€22k▼
Profit (loss) for the period before taxes9903€15k€121k▲
Transfer from deferred taxes780€440€440=
Income taxes67/77€15k€41k▲
Profit (loss) for the period9904€-58€81k▲
Transfer from tax-exempt reserves789€855€855=
Profit (loss) for the period to be appropriated9905€798€82k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-73k€8k▲
Profit (loss) brought forward from the previous period14P€-74k€-74k▲
Transfer from equity791/2-€60k
Transfer to equity691/2€700€82k▲
To the legal reserve6920€700€82k▲
Profit to be distributed694/7-€60k
Return on contributions (dividend)694-€60k
Social balance
Average headcount (FTE)908710.814.0▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
04-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €81k
Net result €81k after one loss-making year.
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
06-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
20-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €150kEq €151k ▲17.8%
3 profitable years in a row build equity to €151k.
22-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
26-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €32k
Net result €32k after 2 loss-making years.
31-12
Financial
Equity above €100kEq €127k ▲31.1%
Equity rises from €97k to €127k.
15-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
04-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Welkenraedt · 2 establishment units since 1992
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de la Croix 64840 WelkenraedtGround area
815 m²
Building footprint
104 m²
Volume, LiDAR
639 m³
2 parcels, Wallonia · tallest building 9.7 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Rue de la Croix 6, 4840 Welkenraedt
since 19922.055.465.632
WARNIER
since 20202.300.492.481
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63084A0286/00S002 | Wallonia | 539 m² | 1 · 62 m² | 9.7 m · 3 fl. |
| 63084A0190/00N000 | Wallonia | 276 m² | 1 · 42 m² | 3.6 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
6 categoriesWARNIER SRL23204
Similar companies · same sector, comparable size
H & L ROOF CONSTRUCT
BE 0466.461.716
Duffel · Eq €170k
COX Houtprojecten
BE 0672.923.048
Hamont-Achel · Eq €170k
Dakwerken R Brouwers
BE 0760.697.556
Dessel · Eq €171k
WIDAN TOITURES
BE 0442.012.667
Villers-le-Bouillet · Eq €171k
FRANCOIS CHARPENTE
BE 0877.936.607
Pont-à-Celles · Eq €171k
Of 8,564 companies in sector 43410 we hold annual accounts for 4,354. 3,700 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-10-1991
Fiscal year end31-12
Activities, NACEBEL
43410Roofing work
45220
43221Plumbing work
45332
46831Wholesale of construction materials, general range
47521Retail sale of hardware, building materials, paint and glass (general range)
51532
52461
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info@warnier-ts.be