WAREXCO
ActiveWAREXCO has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €508k and a net result of €134k. Equity is growing by ~24.8% per year across the filed fiscal years. Its solvency ranks better than 63% of 15368 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
84
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability92▲+2
Solvency95▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 3.26 against 2.9 in 2023; short-term debt: 29.2% and cash: 6.6% of total assets), and 29.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Sector 69
lower
← 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 2024Solvency, return and age of the figures
Solvency
70.2%
Return on assets
18.6%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
35 d early
2022
31 d early
2021
43 d early
2020
22 d early
2019
3 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€508k▲ 16.7%
2023 · €435k
2018: €79k
2019: €141k
2020: €223k
2021: €290k
2022: €367k
2023: €435k
2018 → 2024
Total assets
€723k▲ 12.2%
2023 · €644k
2018: €275k
2019: €314k
2020: €381k
2021: €467k
2022: €536k
2023: €644k
2018 → 2024
Net result
€134k▲ 20.0%
2023 · €112k
2018: €53k
2019: €62k
2020: €82k
2021: €68k
2022: €77k
2023: €112k
2018 → 2024
Working capital
€478k▲ 20.4%
2023 · €397k
2018: €-18k
2019: €57k
2020: €145k
2021: €231k
2022: €319k
2023: €397k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€223k-€290k▲ 30.4%€367k▲ 26.4%€435k▲ 18.6%€508k▲ 16.7%
Operating result€117k-€102k▼ 12.8%€105k▲ 3.0%€158k▲ 50.4%€192k▲ 21.0%
Net result€82k-€68k▼ 17.1%€77k▲ 13.2%€112k▲ 46.3%€134k▲ 20.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 21% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €723k
Fixed assets
€34k▼ 11.8%
Current assets
€689k▲ 13.7%
Equity and liabilities €723k
Equity
€508k▲ 16.7%
Debt
€215k▲ 2.9%
The debt ratio falls from 32.5% to 29.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€203k▲
2023 · €171k
Cash flow
€145k▲
2023 · €124k
Solvency
70.2%▲
2023 · 67.5%
Current ratio
3.26▲
2023 · 2.90
Quick ratio
3.26▲
2023 · 2.90
Debt / equity
0.42▼
2023 · 0.48
ROE
26.5%▲
2023 · 25.7%
ROA
18.6%▲
2023 · 17.4%
Interest coverage
91.70▲
2023 · 86.30
Debt
€215k▲
2023 · €209k
Debt ≤ 1 year
€211k▲
2023 · €209k
Income taxes
€56k▲
2023 · €45k
Staff costs
€47k▲
2023 · €42k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€644k€723k▲
Fixed assets21/28€39k€34k▼
Tangible fixed assets22/27€38k€34k▼
Land and buildings22€16k€14k▼
Plant, machinery and equipment23€21k€14k▼
Furniture and vehicles24€2k€6k▲
Financial fixed assets28€244€244=
Current assets29/58€606k€689k▲
Amounts receivable within one year40/41€112k€126k▲
Trade receivables40€112k€125k▲
Other amounts receivable41€486€2k▲
Current investments50/53€422k€495k▲
Cash at bank and in hand54/58€66k€48k▼
Deferred charges and accrued income490/1€6k€20k▲
Equity and liabilities
Total equity and liabilities10/49€644k€723k▲
Equity10/15€435k€508k▲
Contributions10/11€19k€19k=
Reserves13€416k€489k▲
Distributable reserves133€416k€489k▲
Amounts payable17/49€209k€215k▲
Amounts payable within one year42/48€209k€211k▲
Financial debts43€226€134▼
Credit institutions430/8€226€134▼
Trade debts44€8k€2k▼
Suppliers440/4€8k€2k▼
Advances received on contracts in progress46€112k€108k▼
Taxes, remuneration and social security45€47k€41k▼
Taxes450/3€40k€35k▼
Remuneration and social security454/9€7k€6k▼
Other amounts payable47/48€42k€60k▲
Accrued charges and deferred income492/3€29€4k▲
Income statement
Code20232024
Remuneration, social security and pensions62€42k€47k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€11k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€9k
Other operating charges640/8€2k€3k▲
Gross operating margin9900€215k€262k▲
Operating profit (loss)9901€158k€192k▲
Financial income75/76B€550€1k▲
Recurring financial income75€550€1k▲
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€157k€191k▲
Income taxes67/77€45k€56k▲
Profit (loss) for the period9904€112k€134k▲
Profit (loss) for the period to be appropriated9905€112k€134k▲
Appropriation of the result
Profit (loss) to be appropriated9906€112k€134k▲
Transfer from equity791/2€44k€62k▲
Transfer to equity691/2€112k€134k▲
To other reserves6921€112k€134k▲
Profit to be distributed694/7€44k€62k▲
Return on contributions (dividend)694€44k€62k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
14-01
State Gazette act
Merger · Capital
Corporate purpose · Board composition
14-01
State Gazette act
Merger · Accounting effect
Real estate
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €134k ▲20%
Operating result €192k, net result €134k, both a record.
31-12
Financial
Equity above €500kEq €508k ▲16.7%
7 profitable years in a row build equity to €508k.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
18-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €200kEq €223k ▲57.7%
3 profitable years in a row build equity to €223k.
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100kEq €141k ▲77.8%
2 profitable years in a row build equity to €141k.
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneState Gazette actNBB 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, Mont-de-l'Enclus · 1 establishment unit since 2001
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.
Route provinciale(AN) 737750 Mont-de-l'EnclusGround area
2,914 m²
Building footprint
121 m²
Volume, LiDAR
649 m³
Parcel 57002B0430/00E000, Wallonia · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Route provinciale(AN) 73, 7750 Mont-de-l'Enclus
since 20012.103.228.036
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57002B0430/00E000 | Wallonia | 2,914 m² | 1 · 121 m² | 7.6 m · 2 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.
Recognitions · licences · registrations
Legal Entity Identifier
64884D36O3B8TF8J3N87
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Of 12,175 companies in sector 69201 we hold annual accounts for 7,638. 5,483 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-04-2001
Fiscal year end31-12
Activities, NACEBEL
69201Certified accountants and tax accountants
69202Legal and accounting activities
74121
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryWebsite:www.warexco.be