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Warehouse 44

Active
KBO/BCE: BE 0804.957.468
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Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.

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Age2 yrs
Real estate1 parcel · 1.8 ha

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of Warehouse 44 is 0.7% (low). The 2024 annual accounts show equity of €4.03M and a net result of €20k. Its solvency ranks better than 94% of 776 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.

Signals

2 signals · with evidence
Strong solvency vs sector
Solvency is in the sector's strongest quartile: better than 94% of 776 peers (2024). A comfortable equity buffer.
View the sector comparison
Consistently profitable
Positive net result in the two most recent financial years (2023 and 2024).
View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
Deadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 14 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
How we compute the deadline
The year end is derived from 2 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 28-08-2025 28 d late 2025-00439616
31-12-2023 31-07-2024 26-09-2024 57 d late 2024-00488694

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
Young company
Founded in 2023, under 3 years, statistically higher risk.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
0.7% Low
0%0,5%1,5%4%10%≥25%
Young company +Lower-failure-rate sector −Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€20k-54.0%
Working capital€36k-81.7%

Annual accounts & ratios

Source: NBB · 2024
Annual accounts filed on 28-08-2025 with the NBB · fiscal year 2024 · volledig
€0€25k€50k€75k€100kOperating result 2023: €56k€56kNet result 2023: €44k€44kOperating result 2024: €89k€89kNet result 2024: €20k€20k20232024
Operating resultNet result
Sector comparison
Fiscal year 2024 · NACE 68, Real estate activities · compared within the same schema type (full schema)
Metric This company Sector median Position in the sector
Solvency 96.7% 16.5%
better than 94% of 776 sector peers
Net result €20k €-2k
better than 66% of 774 sector peers
Equity €4.03M €136k
better than 86% of 776 sector peers
Gross operating margin €353k €45k
better than 83% of 609 sector peers
Total assets €4.17M €1.72M
better than 68% of 776 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€326k
+13.5% 23-24
Net profit
€20k
-54.0% 23-24
Cash flow
€257k
-6.4% 23-24
Total assets
€4.17M
+0.6% 23-24
Equity
€4.03M
0.0% 23-24
Working capital
€36k
-81.7% 23-24
Employees (FTE)
0
- 23-24
Income taxes
€119
-99.2% 23-24
Debt
€137k
+20.8% 23-24
Debt ≤ 1y
€116k
+95.4% 23-24
Debt > 1y
€0
-100.0% 23-24
Current ratio
1.31
-69.7% 23-24
Quick ratio
1.31
-69.7% 23-24
Solvency
96.7%
-0.6% 23-24
Debt / equity
0.03
+20.7% 23-24
ROE
0.5%
-54.0% 23-24
ROA
0.5%
-54.3% 23-24
Interest coverage
3.25
-99.5% 23-24
Figures by fiscal year
Fiscal year2024
Depositvolledig
Revenue-
EBITDA€326k
Net profit€20k
Cash flow€257k
Staff costs-
Income taxes€119
Dividends-
Total assets€4.17M
Equity€4.03M
Debt€137k
of which ≤ 1y€116k
of which > 1y€0
Working capital€36k
Employees (FTE)-
Ratios (computed)
2024
Current ratio1.31
Quick ratio1.31
Working capital ratio0.9%
Solvency96.7%
Debt / equity0.03
Long-term debt ratio0.00
Interest coverage3.25
Gross margin-
Net margin-
ROA0.5%
ROE0.5%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€4.17M
Fixed assets 21/28€4.02M
Tangible fixed assets 22/27€3.65M
Financial fixed assets 28€366k
Current assets 29/58€152k
Amounts receivable within one year 40/41€34k
Cash & bank 54/58€116k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€4.17M
Equity 10/15€4.03M
Contributions / capital 10/11€2.71M
Reserves 13€271k
Accumulated profits (losses) 14€794k
Provisions & deferred taxes 16€454
Amounts payable 17/49€137k
Amounts payable after one year 17€0
Amounts payable within one year 42/48€116k
Trade debts payable within one year 44€100k
Income statement
Gross operating margin 9900€353k
Operating result 9901€89k
Financial income 75€32k
Financial charges 65€100k
Result before taxes 9903€20k
Income taxes 67/77€119
Net result for the period 9904€20k
Result to be appropriated 9905€20k
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2024 · computed
81 / 100 Excellent
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register
exact location from the address register On OpenStreetMap
10 companies at this address See who is registered here

Establishment units

1 location
WAREHOUSE 44
Rue de la Drève 44, 6600 BastogneHandel in eigen onroerend goed
since 20232.350.081.455
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area1.8 ha
Buildings1
Building footprint5,325 m²
Volume (LiDAR)42,158 m³
Tallest building9.6 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
82003E1182/00K000 Wallonia 1.8 ha 1 · 5,325 m² 9.6 m · 3 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes
Health81Profitability3Solvency85Growth52Stability82
61 / 100

Strong profile, led by solvency.

All 5 axes are computed from data Checked has read.

Health 81
Profitability 3
Solvency 85
Growth 52
Stability 82

Ask AI about this company

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Soon: ask questions about this dossier, risks, curator, sector comparison, answered from the official data on this page.

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AI due-diligence brief

Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works

Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 1,139 of the 9,069 companies in this sector. 367 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Verhuur en exploitatie van eigen of geleasd residentieel onroerend goed, exclusief sociale woningen68201Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen68201Verhuur en exploitatie van eigen of geleasd niet-residentieel onroerend goed, exclusief terreinen68203Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen68203Verhuur en exploitatie van terreinen68204Verhuur en exploitatie van terreinen68204Overige gespecialiseerde wetenschappelijke en technische activiteiten74909Overige activiteiten van vrije beroepen en andere wetenschappelijke en technische activiteiten, neg74999Overige zakelijke dienstverlening, n.e.g.82990Overige zakelijke dienstverlening, neg82990
Primary activity highlighted.
Names & trade names
Legal nameFR Warehouse 44
Registered office
Rue de la Drève 44
6600 Bastogne, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.