Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
WARO from Wortegem-Petegem, company number BE0454670078, closed financial year 2025 with a result of € 248,016 after tax. For that financial year WARO recorded a gross margin of € -4,961 and equity of € 59,575. Compared with financial year 2024, the result moved from € 137,374 to € 248,016. Profitable, and profit is growing. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 22, 2026.
€ 59,575
▼ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 248,016
▲ 81% vs 2024
Profit after tax over the fiscal year.
€ 3,575
▲ € 2,889 vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 250,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 209
▲ 19% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -650 | € -516 | € -91 | € -4,961 | ▼ € 4,870 |
| Profit after taxes | € 129,858 | € 159,316 | € 137,374 | € 248,016 | ▲ 81% |
| Equity | € 67,369 | € 64,185 | € 61,559 | € 59,575 | ▼ 3% |
| Total debts | € 0 | € 85 | € 176 | € 5,049 | ▲ € 4,873 |
| Cash | € 6,320 | € 3,221 | € 686 | € 3,575 | ▲ € 2,889 |
| Retained profit | € 36,382 | € 33,199 | € 30,572 | € 28,588 | ▼ 6% |
| Dividend | € 126,087 | € 162,500 | € 140,000 | € 250,000 | ▲ 79% |
| Balance sheet total | € 67,369 | € 64,270 | € 61,735 | € 64,624 | ▲ 5% |
Key figures of WARO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to WARO?
What happened at WARO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 248,016 (▲ 81% vs 2024). Source: NBB ↗
- Mecrea BV became a director. NBB
- Serge Braun became a director. NBB
- New establishment in Wortegem-Petegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 129,858 profit in 2022 to € 248,016 profit in 2025.
Best year ever: 2025, with € 248,016 profit.
Paid out € 678,587 in dividends to the owners in total.
Management
The stake of MECREA, AGRIMAT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
WAROBehind WARO are Serge Braun and Mecrea BV. The shares are held by MECREA (60%) and AGRIMAT (40%). It owns 100% of MOERMAN AMERICAS INC. itself.
Directors
According to the 2025 annual accounts
since 2007
Director · represented by Guy Vande Vyvere
Also active at: MOERMAN, VISION FUSED PRODUCTS, Vybros, VYMBROMO, IMMO BRUSH, P.D.C. BRUSH, LOUISE 475
since 2012
Participations
MOERMAN AMERICAS INC.
100%
Establishments
Establishment units
Physical locations of this company
Kasteelstraat (W.) 14
9790 Wortegem-Petegem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0454.670.078
- VAT number
- BE 0454.670.078
- Registered office
- Kasteelstraat (W.) 14, 9790 Wortegem-Petegem
- Names & denominations
- WARO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 3 March 1995
- Peppol
- Not registered