WARAS
ActiveWARAS has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €120k and a net result of €-36k. Equity is shrinking by ~22.5% per year across the filed fiscal years. Its solvency ranks better than 21% of 10310 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
47
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability30▲+25
Solvency36▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.05 against 1.04 in 2024; short-term debt: 71.2% and cash: 10.9% of total assets), and 89.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 47
Relative position
BE, all sectors
reference
Sector 47
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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-36k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 10310 sector peers (2025).
NBB · sector comparisonPosition among 10310 sector peers
Solvency
better than 21%
← weakest
strongest →
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
14 d early
2023
30 d late
2022
31 d early
2021
3 d early
2020
31 d early
2019
48 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€120k▼ 22.9%
2024 · €155k
2018: €565k
2019: €613k
2020: €582k
2021: €421k
2022: €289k
2023: €302k
2024: €155k
2018 → 2025
Total assets
€1.11M▼ 7.8%
2024 · €1.20M
2018: €1.27M
2019: €1.23M
2020: €1.38M
2021: €1.38M
2022: €1.28M
2023: €1.27M
2024: €1.20M
2018 → 2025
Net result
€-36k▲ 72.2%
2024 · €-128k
2018: €51k
2019: €47k
2020: €39k
2021: €65k
2022: €-112k
2023: €49k
2024: €-128k
2018 → 2025
Working capital
€42k▲ 21.6%
2024 · €34k
2018: €124k
2019: €206k
2020: €146k
2021: €246k
2022: €81k
2023: €160k
2024: €34k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€421k-€289k▼ 31.4%€302k▲ 4.7%€155k▼ 48.6%€120k▼ 22.9%
Operating result€118k-€-85k€78k€-126k€26k
Net result€65k-€-112k€49k€-128k€-36k▲ 72.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €26k after a loss of €126k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.11M
Fixed assets
€277k▼ 23.6%
Current assets
€828k▼ 0.9%
Equity and liabilities €1.11M
Equity
€120k▼ 22.9%
Debt
€986k▼ 5.6%
The debt ratio rises from 87.0% to 89.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€128k▲
2024 · €-25k
Cash flow
€67k▲
2024 · €-28k
Solvency
10.8%▼
2024 · 13.0%
Current ratio
1.05▲
2024 · 1.04
Quick ratio
0.44▼
2024 · 0.45
Debt / equity
8.23▲
2024 · 6.72
ROE
-29.7%▲
2024 · -82.4%
ROA
-3.2%▲
2024 · -10.7%
Interest coverage
1.89▲
2024 · -6.36
Debt
€986k▼
2024 · €1.04M
Debt ≤ 1 year
€787k▼
2024 · €802k
Debt > 1 year
€77k▼
2024 · €97k
Income taxes
€376▼
2024 · €429
Staff costs
€499k▼
2024 · €606k
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€1.20M€1.11M▼
Fixed assets21/28€363k€277k▼
Tangible fixed assets22/27€359k€273k▼
Land and buildings22€74k€48k▼
Plant, machinery and equipment23€200k€172k▼
Furniture and vehicles24€85k€53k▼
Financial fixed assets28€4k€4k=
Current assets29/58€836k€828k▼
Amounts receivable after more than one year29€74k€14k▼
Other amounts receivable291€74k€14k▼
Stocks and contracts in progress3€474k€482k▲
Stocks30/36€474k€482k▲
Amounts receivable within one year40/41€157k€183k▲
Trade receivables40€97k€132k▲
Other amounts receivable41€60k€50k▼
Cash at bank and in hand54/58€107k€120k▲
Deferred charges and accrued income490/1€24k€29k▲
Equity and liabilities
Total equity and liabilities10/49€1.20M€1.11M▼
Equity10/15€155k€120k▼
Contributions10/11€19k€19k=
Reserves13€269k€269k=
Tax-exempt reserves132€3k€3k=
Distributable reserves133€266k€266k=
Profit (loss) carried forward14€-132k€-168k▼
Amounts payable17/49€1.04M€986k▼
Amounts payable after more than one year17€97k€77k▼
Financial debts170/4€97k€77k▼
Amounts payable within one year42/48€802k€787k▼
Current portion of amounts payable after more than one year42€17k€20k▲
Trade debts44€660k€680k▲
Suppliers440/4€660k€680k▲
Taxes, remuneration and social security45€105k€82k▼
Taxes450/3€8k€10k▲
Remuneration and social security454/9€97k€72k▼
Other amounts payable47/48€19k€5k▼
Accrued charges and deferred income492/3€145k€122k▼
Income statement
Code20242025
Remuneration, social security and pensions62€606k€499k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€101k€102k▲
Other operating charges640/8€3k€3k▲
Gross operating margin9900€583k€630k▲
Operating profit (loss)9901€-126k€26k▲
Financial income75/76B€2k€7k▲
Recurring financial income75€2k€7k▲
Financial charges65/66B€4k€68k▲
Recurring financial charges65€4k€68k▲
Profit (loss) for the period before taxes9903€-128k€-35k▲
Income taxes67/77€429€376▼
Profit (loss) for the period9904€-128k€-36k▲
Profit (loss) for the period to be appropriated9905€-128k€-36k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-132k€-168k▼
Profit (loss) brought forward from the previous period14P€-4k€-132k▼
Transfer from equity791/2€19k€0▼
Profit to be distributed694/7€19k€0▼
Return on contributions (dividend)694€19k€0▼
Social balance
Average headcount (FTE)908714.711.9▼
The notes to these accounts (21 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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-128k ▼364%
Net result drops to €-128k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Back to profitnet €49k
Net result €49k after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €65k ▲66.9%
Operating result €118k, net result €65k, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
17-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 48 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Brugge · 1 establishment unit since 2006
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.
Baron Ruzettelaan 2988310 BruggeGround area
603 m²
Building footprint
1,059 m²
Volume, LiDAR
4,303 m³
Parcel 31434C0515/02D000, Flanders · tallest building 12.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
AD-Assebroek
since 20062.160.109.232
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31434C0515/02D000 | Flanders | 603 m² | 1 · 1,059 m² | 12.5 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 1,271 EUR awarded · 1,271 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 191 EUR | 191 EUR |
| 2024 | 1 | 1,080 EUR | 1,080 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 site · 1 with a smileyBrugge2.160.109.232
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DistriMetro
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TASKEEN
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RAGHAV
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Liège · Eq €120k
Of 10,527 companies in sector 47110 we hold annual accounts for 5,862. 4,582 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-06-2006
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47114Supermarkets
52114
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.