Equity
Equity rose in 2025 from €38,394 to €89,093.
Equity rose in 2025 from €38,394 to €89,093.
The micro format states no turnover.
In 2025, nobody joined and 1 person left.
Short-term debts fell from €111,248 to €102,414.
Higher net result than 87% of companies in construction of buildings. Sector median €8,543 · 9,442 companies.
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 55% of them on solvency, 77% on liquidity, 91% on profitability and 91% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 39,278 companies had the same profile as Warnier Construct has now. Each dot stands for 99 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Warnier Construct itself: 0.5% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for Warnier Construct. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 1.64 (1.16 in 2024), above the usual 1.5. Short-term debt is 53.5% and cash 83.6% of total assets. However, 53.5% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 2 accounts on average 19 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Warnier Construct Awans | €191,508 | €129,853 | 46.5% | - |
| BeOne Waterloo | €184,415 | €122,784 | 60.8% | - |
| PUKA-AL Ostend | €191,712 | €121,261 | 40.6% | - |
| INSIDE HOME CONSTRUCT Beloeil | €169,246 | €126,822 | 70.3% | - |
| GORA Group Antwerp | €209,505 | €146,139 | 71.6% | - |
| GEORGES CONSTRUCT Dilbeek | €204,463 | €115,025 | 67.0% | - |
| JCAG Ghent | €166,534 | €133,746 | 71.9% | - |
These companies have the same main activity as Warnier Construct: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €167,000 and €210,000, founded between 2023 and 2024.
Warnier Construct has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €89,093 and a net result of €50,699.
Its solvency ranks better than 54% of 9,452 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €430,000. Estimated: probably between €300,000 and €660,000.
Higher than 54% of 9,452 companies in 2025.
Higher than 48% of 9,200 companies in 2025.
Higher than 82% of 9,272 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Staff costs divided by the average number of full-time equivalents.
In 2025, nobody joined and 1 person left. Training hours in 2025: 136.
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
191,508 | 149,642 | |
21/28 |
24,048 | 21,122 | |
22/27 |
24,048 | 21,122 | |
23 |
1,672 | 922 | |
24 |
22,376 | 20,199 | |
29/58 |
167,459 | 128,521 | |
40/41 |
7,168 | 18,057 | |
40 |
2,638 | 18,035 | |
41 |
4,530 | 22 | |
54/58 |
160,191 | 110,277 | |
490/1 |
100 | 187 | |
| Balance sheet: equity and liabilities | |||
10/49 |
191,508 | 149,642 | |
10/15 |
89,093 | 38,394 | |
10/11 |
2,000 | 2,000 | |
14 |
87,093 | 36,394 | |
17/49 |
102,414 | 111,248 | |
42/48 |
102,414 | 111,248 | |
44 |
0 | 5,282 | |
440/4 |
0 | 5,282 | |
45 |
22,902 | 10,902 | |
450/3 |
22,848 | 10,723 | |
454/9 |
54 | 179 | |
47/48 |
79,512 | 95,064 | |
| Income statement | |||
76A |
0 | 11,183 | |
9900 |
129,853 | 111,709 | |
62 |
54,807 | 51,637 | |
630 |
10,405 | 9,954 | |
640/8 |
236 | 170 | |
9901 |
64,404 | 49,948 | |
75/76B |
94 | 57 | |
75 |
94 | 57 | |
65/66B |
305 | 4,268 | |
65 |
305 | 4,268 | |
9903 |
64,193 | 45,737 | |
67/77 |
13,494 | 9,343 | |
9904 |
50,699 | 36,394 | |
9905 |
50,699 | 36,394 | |
| Appropriation of the result | |||
9906 |
87,093 | 36,394 | |
14P |
36,394 | - | |
| Social balance sheet | |||
9087 |
1 | 1.5 | |
Hours worked1013 |
- | 2,016 | |
| Document | |||
The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 10-06-2026.
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 74,810 | 59,902 | ||
| 61,104 | 46,348 | ||
| 13,332 | 30,062 | ||
| 49,915 | - | ||
| 65,045 | 17,273 | ||
| 46.5% | 25.7% | ||
| 1.64 | 1.16 | ||
| 1.15 | 2.90 | ||
| 56.9% | 94.8% | ||
| 26.5% | 24.3% | ||
| over 100 | 14.04 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 |
|---|---|---|
| Employees at the balance-sheet date | 1 | 2 |
| full-time | 1 | 2 |
| part-time | 0 | 0 |
| in full-time equivalents | 1 | 2 |
| 1 | 1.5 | |
| On a permanent contract | 1 | 1 |
| Joined | 0 | 3 |
| Left | 1 | 1 |
| Training hours | 136 | 416 |
Source: social balance sheet in the 2024 to 2025 annual accounts
| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | €13,332 | €30,062 |
| Financial fixed assets | €0 | - |
| €10,405 | €9,954 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 29% higher than in 2024.
Debt's share of the balance-sheet total falls from 74.3% to 53.5%. Equity is higher and debt is lower.
Warnier Construct has no parent and no holdings in its annual accounts. WARNIER Antoine Didier Claudy is the only director. Warnier Construct shares no director with another company.
| ANDRE WARNIER-PAQUE
registered office since 22-11-1984 · founded in 1984 |
4.4 FTE (2025) 0426.528.301 |
Deadline for the 2026 accounts: 31-07-2027
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 19 December 2023, Warnier Construct was incorporated as a private limited company by one natural person, with a starting capital of €2,000.12 WARNIER Antoine Didier Claudy is director of the company, appointed by deed of 21-12-2023.2 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
| Establishment | Since | Unit number |
|---|---|---|
| Rue Englebert Lescrenier 25 registered office 4340 Awans 4100101 General construction of residential buildings | 19-12-2023 | 2.353.218.119 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 62077B0298/00R000 | 2,690 m² | 1 · 75 m² | 6.9 m · 2 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 1003.620.297
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