WARNOTTE DIFFUSION
ActiveSummary
WARNOTTE DIFFUSION has been active since 1986 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€106,377) and a net result of €2,716. Equity is shrinking by about 4.7% per year across the filed financial years. Its solvency ranks better than 7% of 22,153 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Overview
- Staff
- 0.8 FTE
- Equity
- -€106,377
- Profit
- €2,716
Why 54raises riskCapped at 59: negative equitySector: Retail trade (NACE 47)Negative equity -€106,377lowers riskSize: total assets €73,331Founded in 1986Show the evidence
Checked score
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 47, micro): better than 6% on solvency, 10% on liquidity, 27% on profitability and 46% on growth.
The bankruptcy probability was computed on 16-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 1 day before the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Back to profitnet €2,716
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (28 days) Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00444297.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 146% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 1,448 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 92.2% are still going.
- Micro
- 20 years or older
- negative equity
- a profit under 5% of the balance sheet
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 1,448 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €6,156 | €10,540 | €13,772 | €14,771 | €15,822 | ▲ 7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €441 | €441 | €94 | €94 | €94 | €94 | €94 | €94 | = |
| Other operating charges640/8 | - | - | - | €2,352 | €2,324 | €3,312 | €2,588 | €2,717 | ▲ 5.0% |
| Gross operating margin9900 | €30,715 | €16,669 | €34,795 | €9,828 | €10,208 | €20,837 | €21,623 | €28,899 | ▲ 33.6% |
| Operating profit (loss)9901 | €10,736 | -€3,015 | €13,085 | €1,226 | -€2,751 | €3,658 | €4,170 | €10,267 | ▲ 146% |
| Financial income75/76B | - | - | - | - | €25 | €1 | €1 | €1 | ▼ 15.4% |
| Recurring financial income75 | - | - | - | - | €25 | €1 | €1 | €1 | ▼ 15.4% |
| Financial charges65/66B | - | - | - | €7,724 | €7,062 | €7,221 | €7,692 | €7,551 | ▼ 1.8% |
| Recurring financial charges65 | €7,242 | €7,838 | €7,990 | €7,724 | €7,062 | €7,221 | €7,692 | €7,551 | ▼ 1.8% |
| Profit (loss) for the period before taxes9903 | €70,660 | -€10,853 | €5,095 | -€6,498 | -€9,788 | -€3,562 | -€3,522 | €2,716 | - |
| Income taxes67/77 | - | €8,073 | - | - | - | €0 | - | €0 | - |
| Profit (loss) for the period9904 | €70,660 | -€18,926 | €5,095 | -€6,498 | -€9,788 | -€3,562 | -€3,522 | €2,716 | - |
| Profit (loss) for the period to be appropriated9905 | €70,660 | -€18,926 | €5,095 | -€6,498 | -€9,788 | -€3,562 | -€3,522 | €2,716 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €93,780 | €85,651 | €86,100 | €81,261 | €87,849 | €79,612 | €74,919 | €73,331 | ▼ 2.1% |
| Fixed assets21/28 | €16,590 | €16,149 | €16,055 | €15,961 | €15,866 | €15,772 | €15,678 | €15,584 | ▼ 0.6% |
| Tangible fixed assets22/27 | €16,590 | €16,149 | €16,055 | €15,961 | €15,866 | €15,772 | €15,678 | €15,584 | ▼ 0.6% |
| Land and buildings22 | - | - | - | €15,395 | €15,395 | €15,395 | €15,395 | €15,395 | = |
| Plant, machinery and equipment23 | - | - | - | €566 | €472 | €377 | €283 | €189 | ▼ 33.3% |
| Current assets29/58 | €77,190 | €69,502 | €70,044 | €65,301 | €71,983 | €63,840 | €59,241 | €57,748 | ▼ 2.5% |
| Stocks and contracts in progress3 | €52,271 | €50,465 | €49,492 | €47,009 | €45,957 | €47,299 | €47,958 | €44,308 | ▼ 7.6% |
| Stocks30/36 | - | - | - | €47,009 | €45,957 | €47,299 | €47,958 | €44,308 | ▼ 7.6% |
| Amounts receivable within one year40/41 | €13,970 | €12,617 | €14,635 | €11,692 | €12,093 | €11,813 | €9,070 | €8,328 | ▼ 8.2% |
| Trade receivables40 | - | - | - | €11,003 | €12,002 | €10,597 | €8,635 | €8,145 | ▼ 5.7% |
| Other amounts receivable41 | - | - | - | €690 | €91 | €1,216 | €435 | €183 | ▼ 57.9% |
| Cash at bank and in hand54/58 | €10,949 | €2,565 | €4,463 | €5,108 | €13,933 | €4,728 | €2,212 | €5,112 | ▲ 131% |
| Deferred charges and accrued income490/1 | - | - | - | €1,491 | - | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €93,780 | €85,651 | €86,100 | €81,261 | €87,849 | €79,612 | €74,919 | €73,331 | ▼ 2.1% |
| Equity10/15 | -€71,891 | -€90,816 | -€85,722 | -€92,220 | -€102,008 | -€105,570 | -€109,092 | -€106,377 | ▲ 2.5% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | - | - | - | €18,592 | €18,592 | €18,592 | - | - | - |
| Issued capital100 | - | - | - | €18,592 | €18,592 | €18,592 | - | - | - |
| Contributions outside capital11 | - | - | - | - | - | - | €18,592 | - | - |
| Other1109/19 | - | - | - | - | - | - | €18,592 | - | - |
| Reserves13 | €179,103 | €179,103 | €179,103 | €179,103 | €1,859 | €1,859 | - | - | - |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | €1,859 | - | - | - |
| Legal reserve130 | - | - | - | €1,859 | €1,859 | €1,859 | - | - | - |
| Distributable reserves133 | - | - | - | €177,244 | - | - | - | - | - |
| Profit (loss) carried forward14 | -€269,586 | -€288,512 | -€283,417 | -€289,915 | -€122,459 | -€126,022 | -€127,684 | -€124,969 | ▲ 2.1% |
| Amounts payable17/49 | €165,670 | €176,467 | €171,821 | €173,481 | €189,857 | €185,182 | €184,011 | €179,708 | ▼ 2.3% |
| Amounts payable within one year42/48 | €165,670 | €176,467 | €171,821 | €173,481 | €189,857 | €185,182 | €184,011 | €179,708 | ▼ 2.3% |
| Financial debts43 | - | - | - | €26,247 | €28,277 | €28,192 | €26,675 | €27,938 | ▲ 4.7% |
| Credit institutions430/8 | - | - | - | €26,247 | €28,277 | €28,192 | €26,675 | €27,938 | ▲ 4.7% |
| Trade debts44 | €36,517 | €40,247 | €41,867 | €28,047 | €27,401 | €26,742 | €28,171 | €25,607 | ▼ 9.1% |
| Suppliers440/4 | - | - | - | €28,047 | €27,401 | €26,742 | €28,171 | €25,607 | ▼ 9.1% |
| Taxes, remuneration and social security45 | - | - | - | €2,515 | €1,368 | €1,861 | €1,914 | €189 | ▼ 90.1% |
| Remuneration and social security454/9 | - | - | - | €2,515 | €1,368 | €1,861 | €1,914 | €189 | ▼ 90.1% |
| Other amounts payable47/48 | - | - | - | €116,673 | €132,812 | €128,388 | €127,251 | €125,974 | ▼ 1.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €70,660 | -€18,926 | €5,095 | -€6,498 | -€9,788 | -€3,562 | -€3,522 | €2,716 | - |
| + Depreciation and write-downs630 | €441 | €441 | €94 | €94 | €94 | €94 | €94 | €94 | = |
| Operating cash flow (approximation) | €71,101 | -€18,485 | €5,189 | -€6,404 | -€9,694 | -€3,468 | -€3,428 | €2,810 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€8,384 | €1,898 | €645 | €8,825 | -€9,205 | -€2,515 | €2,900 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 39 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 28-08-2026 | 2026-00444297 |
| 31-12-2024 | micro format | 30-07-2025 | 2025-00327361 |
| 31-12-2023 | micro format | 25-07-2024 | 2024-00281442 |
| 31-12-2022 | micro format | 16-06-2023 | 2023-00131282 |
| 31-12-2021 | micro format | 01-07-2022 | 2022-20118515 |
| 31-12-2020 | micro format | 19-08-2021 | 2021-50700373 |
| 31-12-2019 | micro format | 31-08-2020 | 2020-47000415 |
| 31-12-2018 | micro format | 30-08-2019 | 2019-55300516 |
| 31-12-2017 | micro format | 30-08-2018 | 2018-53300452 |
| 31-12-2016 | micro format | 02-06-2017 | 2017-14800165 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
26-02
Gazette deed
Resignation: Louis WARNOTTE (manager)Appointment: Louis WARNOTTE (director) · Amendment of the articles · Legal-form conversion10 facts ▸
- General meeting, “4300 Waremme, Avenue Edmond Leburton 14, unanimité” (deed in French)
- Amendment of the articles (2 times)
- Legal-form conversion, “société à responsabilité limitée” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Other provision, “formes et majorités de la modification des statuts, limitation du compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “133000 – Réserve disponible” (deed in French)
- Registered office clause, “4300 Waremme, Avenue Edmond Leburton 14” (deed in French)
- Director resignation, Louis WARNOTTE (manager)
- Director appointment, Louis WARNOTTE (director (not named in the articles))
- Director discharge, Louis WARNOTTE
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 16 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
2 establishment units
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 64074C0527/00B000 | Wallonia | 428 m² | 1 · 216 m² | 14.9 m · 4 |
| 64074C0653/00R000 | Wallonia | 234 m² | 1 · 74 m² | 11.8 m · 3 |
How the parcels are linked
Articles of association
What the company does
- Name clauseThe name the company operates under according to its articles.
- WARNOTTE DIFFUSION
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, sièges administratifs, agences, ateliers, dépôts et succursales, tant en Belgique qu'à l'étranger, par simple décision de…” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation de durée, assemblée qui nomme fixe nombre,durée du mandat et,en cas de pluralité,pouvoirs” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “100, Chaque action donne un droit égal dans la répartition des bénéfices et des produits de la liquidation” (deed in French)“Nominatives, numéro d’ordre” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Fourth Thursday of June at 15:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Décision de l’assemblée générale, prévues pour modifications aux statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Dissolution pour quelque cause et à quelque moment, désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments” (deed in French)