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WARSADIS

Active
Public limited companyfounded 200817 yrs activeRue Joseph Muller(WAR) 27, 4608 Dalhem, BelgiumKBO/BCE: BE 0808.011.285
Summary

WARSADIS has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€239,422) and a net result of -€454,133. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 8% of 3799 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).

Risk analysisWatch ReportCompare
WARSADISActiveChecked score 53/100
Risk analysis ReportCompare

Overview

Activity
Activities of head offices
NACE 70100Non-specialised retail sale with food, beverages or tobacco predominating NACE 47110Supermarkets NACE 47114
#1 company by staff growth in the province of Liège, Head offices and management consultancy sector1 site
Size
€4.7mtotal assets 2025
Staff
27.1 FTE
Equity
-€239,422
Loss
-€454,133
Financial health
53 Fair Checked score 2025
Bankruptcy chance 12 m
0.9%
Structure
Parent
4LNC · 99.95%
Accounts 31 d early0 of 6 deeds read
Why 53Capped at 59: negative equity- Negative equity -€239,422- Loss of €454,133 (FY 2025)+ Sector Activities of head offices; management consultancy activities (NACE 70)+ Size: 27.1 FTE, total assets €4.7mShow the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 11% of its sector peers (NACE 70, small)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 20-21
equity -5.1% of total assets
Liquidity 47-3
short-term debt 29.9% · cash 7.9%
Profitability 7-45
return on assets -9.7%
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%

About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (4,516 companies)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● 0.0% vs 11-2024 01-2025: 0.2%▼ -0.8% vs 12-2024lowest value 02-2025: 0.3%▲ +7.3% vs 01-2025 03-2025: 0.2%▼ -2.4% vs 02-2025 04-2025: 0.2%▼ -0.4% vs 03-2025 05-2025: 0.2%▼ -2.9% vs 04-2025 06-2025: 0.2%● 0.0% vs 05-2025 07-2025: 0.3%▲ +27.0% vs 06-2025 08-2025: 0.4%▲ +33.2% vs 07-2025 09-2025: 0.5%▲ +13.7% vs 08-2025 10-2025: 0.3%▼ -42.3% vs 09-2025 11-2025: 0.3%● 0.0% vs 10-2025 12-2025: 0.3%● 0.0% vs 11-2025 01-2026: 0.3%▼ -0.8% vs 12-2025 02-2026: 0.3%▲ +3.8% vs 01-2026 03-2026: 0.3%▼ -2.6% vs 02-2026 04-2026: 0.3%▼ -0.4% vs 03-2026 05-2026: 0.3%▼ -2.7% vs 04-2026 06-2026: 0.2%▼ -3.5% vs 05-2026 07-2026: 0.9%▲ +283% vs 06-2026highest value 08-2026: 0.9%● 0.0% vs 07-2026highest value 09-2026: 0.9%● 0.0% vs 08-2026highest value 10-2026: 0.9%● 0.0% vs 09-2026highest value
  • Negative equity -€239,422 raises the probability
  • Loss of €454,133 (FY 2025) raises the probability
  • Sector Activities of head offices; management consultancy activities (NACE 70) lowers the probability
  • Size: 27.1 FTE, total assets €4.7m lowers the probability for this profile
No credit on open account
Liquidity short (current ratio 0.98 against 1.34 in 2024; short-term debt: 29.9% and cash: 7.9% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 70, small). Better than this share of them on solvency 3%, liquidity 38%, profitability 2%, growth against the median 1%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Negative equity -€239,422
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Loss of €454,133 (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Sector Activities of head offices; management consultancy activities (NACE 70)
In the bankruptcy model this factor lowers the probability.
KBO
lowers risk · Size: 27.1 FTE, total assets €4.7m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€239,422
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
31 d early
2024
29 d late
2023
13 d early
2022
31 d late
2021
62 d early
2020
32 d early
2019
39 d early
← 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 17 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (2)
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. Usually files around 19 July (4 of the last 5 filed years within 43 days of that day).
Companies Code · seven months
Position in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Weakest financial yearnet -€454,133
  3. Annual accounts filedfiscal year 2024 · full…

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€239,422 View
  • Caution: From profit to loss in 2025after €15,836 in 2024 -€454,133 View
  • Caution: Among the weakest 5% on equitysector median €1.1m · 3,799 companies -€239,422 View
  • Controlled by 4LNC 99.95% View

By topic

Financials

Fiscal year
2025
Total assets
€4.7m
Loss
-€454,133
Solvency
-5.1%
Total assets▲ 246%
Net result
20182025
Go to Financials

Timeline

Events
16
Since
2017
Next accounts
by 31-07-2027
  1. 30-06-2026Annual accounts filed
  2. 31-12-2025Weakest financial year
  3. 29-08-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Activities of head officesNACE 70100
Founded
26-11-2008
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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