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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Tight liquidity NBB
Cash and receivables cover 21 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
16 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Waregem RE from Waregem, company number BE0737385684, closed financial year 2025 with a result of € -196,296 after tax. For that financial year Waregem RE recorded a gross margin of € -79,007 and equity of € 1.2 million. Compared with financial year 2024, the result moved from € 247,530 to € -196,296. The company made a loss. 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 13, 2026.
€ 1.2 million
▼ 14% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -196,296
▼ still € 247,530 profit in 2024
Profit after tax over the fiscal year.
€ 346,487
▲ € 320,336 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -48,862.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 21,934
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,599,514 | € 2,651,968 | € 2,590,389 | € -79,007 | ▼ € 2.7 million |
| Profit after taxes | € 723,714 | € 1,487,255 | € 247,530 | € -196,296 | ▼ € 443,826 |
| Equity | € 2,676,490 | € 2,563,746 | € 1,405,569 | € 1,209,273 | ▼ 14% |
| Total debts | € 1,635,759 | € 2,377,564 | € 0 | € 1,689,806 | |
| Cash | € 24,252 | € 58,479 | € 26,151 | € 346,487 | ▲ € 320,336 |
| Land & buildings | € 3,206,716 | € 2,947,427 | € 1,359,500 | € 2,552,592 | ▲ 88% |
| Retained profit | € 1,635,200 | € 1,522,456 | € 147,434 | € -48,862 | ▼ € 196,296 |
| Dividend | € 1,500,000 | € 1,600,000 | € 0 | € 0 | |
| Balance sheet total | € 4,341,367 | € 4,957,964 | € 1,405,569 | € 2,899,079 | ▲ 106% |
Key figures of Waregem RE, 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 Waregem RE?
What happened at Waregem RE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Echlin Invest NV stepped down as director. NBB
- Welako BV stepped down as director. NBB
- Arma Consult BV stepped down as director. NBB
- Ann Thermote stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 196,296 (▼ € 443,826 vs 2024). Source: NBB ↗
- Echlin Invest NV became a director. NBB
- Welako BV became a director. NBB
- Arma Consult BV became a director. NBB
In short
From € 723,714 profit in 2022 to € 196,296 loss in 2025.
Paid € 966,274 in corporate taxes since 2022.
Best year ever: 2023, with € 1.5 million profit.
Paid out € 3.1 million in dividends to the owners in total.
Management
The stake of SOVANEST, ECHLIN INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Waregem REThe shares are held by SOVANEST (100%) and ECHLIN INVEST (100%).
Directors
According to the 2025 annual accounts
since 2025 · until 2031
Director · represented by Laebens John
Also active at: TVH EQUIPMENT, MIDEX INTERNATIONAL, VINTEOR, Fremato Equipment, ECHLIN INVEST, TNFO, QUVADEC
since 2025 · until 2031
Director · represented by Lampole Claude
Also active at: VINTEOR, COSY, ECHLIN INVEST, CAMINO
since 2025 · until 2031
Ann Thermote
Director
Also active at: MIDEX INTERNATIONAL, THERIMO, BERAN MANAGEMENT, HM COLLECTION, TVH Global, ECHLIN INVEST
since 2025 · until 2031
Shareholders
100%
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Brabantstraat 15
8790 Waregem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 16 companies are registered at this address.
All companies at this address →TVH PARTS
€ 825.1 million revenue · 2025
FREMATO GROUP
€ 34 million revenue · 2025
MIDEX INTERNATIONAL same network
€ 118,004 gross margin · 2025
BERAN MANAGEMENT same network
€ 98,637 gross margin · 2025
Hano
+11 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0737.385.684
- VAT number
- BE 0737.385.684
- Registered office
- Brabantstraat 15, 8790 Waregem
- Names & denominations
- Waregem RE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 4 November 2019
- Peppol
- Active · Active since 4 Dec 2025
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen