WARZEE
ActiveWARZEE has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.92M and a net result of €79k. Equity is growing by ~11.7% per year across the filed fiscal years. Its solvency ranks better than 44% of 670 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
69
/ 100
Healthy▼ -8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability21▼-4
Solvency72▲+11
Growth52=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130k at 30 days acceptable
Liquidity tight (current ratio 1.38 against 1.29 in 2024), and 58.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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 25
Relative position
BE, all sectors
reference
Sector 25
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
41.3%
Return on assets
1.7%
Age of the figures
8 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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
2 d early
2023
29 d late
2022
30 d late
2021
26 d late
2020
32 d early
2019
26 d late
← 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
15-09-2026 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
€79k▼ 12.6%
2024 · €90k
2018: €112k
2019: €108k
2020: €42k
2021: €233k
2022: €281k
2023: €-19k
2024: €90k
2018 → 2025
Working capital
€587k▲ 17.0%
2024 · €501k
2018: €147k
2019: €191k
2020: €191k
2021: €285k
2022: €321k
2023: €502k
2024: €501k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.37M-€1.60M▲ 17.5%€1.75M▲ 8.8%€1.79M▲ 2.7%€1.92M▲ 7.0%
Operating result€262k-€321k▲ 22.7%€24k▼ 92.5%€124k▲ 411%€89k▼ 28.5%
Net result€233k-€281k▲ 20.7%€-19k€90k€79k▼ 12.6%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 29% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.64M
Fixed assets
€2.53M▼ 12.5%
Current assets
€2.12M▼ 6.1%
Equity and liabilities €4.64M
Equity
€1.92M▲ 7.0%
Debt
€2.73M▼ 18.7%
The debt ratio falls from 65.1% to 58.7%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€471k▼
2024 · €539k
Cash flow
€461k▼
2024 · €506k
Solvency
41.3%▲
2024 · 34.9%
Current ratio
1.38▲
2024 · 1.29
Quick ratio
0.69▲
2024 · 0.64
Debt / equity
1.42▼
2024 · 1.87
ROE
4.1%▼
2024 · 5.0%
ROA
1.7%▼
2024 · 1.8%
Interest coverage
7.57▲
2024 · 6.47
Debt
€2.73M▼
2024 · €3.35M
Debt ≤ 1 year
€1.53M▼
2024 · €1.75M
Debt > 1 year
€1.19M▼
2024 · €1.56M
Income taxes
€11k▲
2024 · €1k
Staff costs
€428k▲
2024 · €354k
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€5.14M€4.64M▼
Fixed assets21/28€2.89M€2.53M▼
Intangible fixed assets21€64k€42k▼
Tangible fixed assets22/27€2.43M€2.09M▼
Land and buildings22€1.34M€1.16M▼
Plant, machinery and equipment23€953k€822k▼
Furniture and vehicles24€144k€108k▼
Financial fixed assets28€391k€391k=
Current assets29/58€2.25M€2.12M▼
Stocks and contracts in progress3€1.13M€1.06M▼
Stocks30/36€1.13M€1.06M▼
Amounts receivable within one year40/41€953k€734k▼
Trade receivables40€521k€294k▼
Other amounts receivable41€432k€440k▲
Cash at bank and in hand54/58€160k€314k▲
Deferred charges and accrued income490/1€11k€5k▼
Equity and liabilities
Total equity and liabilities10/49€5.14M€4.64M▼
Equity10/15€1.79M€1.92M▲
Contributions10/11€100k€100k=
Capital10€100k€100k=
Issued capital100€100k€100k=
Reserves13€65k€65k=
Non-distributable reserves130/1€10k€10k=
Legal reserve130€10k€10k=
Tax-exempt reserves132€55k€55k=
Profit (loss) carried forward14€1.34M€1.42M▲
Investment grants15€287k€333k▲
Amounts payable17/49€3.35M€2.73M▼
Amounts payable after more than one year17€1.56M€1.19M▼
Financial debts170/4€1.56M€1.19M▼
Amounts payable within one year42/48€1.75M€1.53M▼
Current portion of amounts payable after more than one year42€346k€421k▲
Financial debts43€600k€550k▼
Credit institutions430/8€600k€550k▼
Trade debts44€544k€309k▼
Suppliers440/4€544k€309k▼
Taxes, remuneration and social security45€73k€67k▼
Taxes450/3€30k€20k▼
Remuneration and social security454/9€43k€47k▲
Other amounts payable47/48€191k€183k▼
Accrued charges and deferred income492/3€39k€8k▼
Income statement
Code20242025
Remuneration, social security and pensions62€354k€428k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€416k€382k▼
Other operating charges640/8€21k€21k▲
Gross operating margin9900€914k€920k▲
Operating profit (loss)9901€124k€89k▼
Financial income75/76B€51k€63k▲
Recurring financial income75€51k€63k▲
Financial charges65/66B€83k€62k▼
Recurring financial charges65€83k€62k▼
Profit (loss) for the period before taxes9903€91k€89k▼
Income taxes67/77€1k€11k▲
Profit (loss) for the period9904€90k€79k▼
Profit (loss) for the period to be appropriated9905€90k€79k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.34M€1.42M▲
Profit (loss) brought forward from the previous period14P€1.25M€1.34M▲
Social balance
Average headcount (FTE)908717.917.9=
The notes to these accounts (13 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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
18-06
State Gazette act
RestructuringMerger · Accounting effect · Ownership4 facts ▸
State Gazette act
Restructuring
Merger · Accounting effect · Ownership4 facts ▸
- Merger, absorption
- Accounting effect, 2025-12-31
- Ownership, 100%
- Subcontracting, sous-traitant exclusif
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €90k
Net result €90k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet €-19k ▼107%
Net result drops to €-19k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
31-12
Financial
Highest result since 2018net €281k ▲20.7%
Operating result €321k, net result €281k, both a record.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 26 days late
2021
31-12
Financial
Equity above €1MEq €1.37M ▲45%
4 profitable years in a row build equity to €1.37M.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 26 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 27 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 25 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Hamois · 2 establishment units since 2000
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.
Tige de Buresse 955360 HamoisGround area
1.3 ha
2 parcels, Wallonia. Linked by address, not a title deed.
2 establishment units
Tige de Buresse 95, 5360 Hamois
since 20002.096.739.231
WARZEE
since 20222.337.491.548
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91059A0140/00W002 | Wallonia | 7,541 m² | - | - |
| 91059A0005/00L000 | Wallonia | 4,996 m² | - | - |
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.
Structure & network
Acquisitions and mergers
1 transactionTook over:BATYMO
Recognitions · licences · registrations
Food safety, FASFC
1 siteHamois2.096.739.231
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Of 3,964 companies in sector 25110 we hold annual accounts for 2,133. 1,060 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-09-2000
Fiscal year end31-12
Activities, NACEBEL
25110Manufacture of metal structures and parts of structures
25530Machining of metals
28110
28520
47789Other retail sale of new goods
52498
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
5 entriesE-mail:michel.warzee@warzee-sa.be
Phone:083/61.23.93
Fax:083/61.29.14
E-mail:cb@warzee-sa.be
Phone:+3283612393