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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Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 13 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Warre 2020 from Bertem, company number BE0748487236, closed financial year 2025 with a result of € -7,127 after tax. For that financial year Warre 2020 recorded a gross margin of € 8,930 and equity of € -6,760. Compared with financial year 2024, the result moved from € -10,709 to € -7,127. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 8, 2026.
€ -6,760
▼ € 7,127 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -7,127
▲ 33 % less loss than in 2024
Profit after tax over the fiscal year.
€ 4,178
▲ € 3,275 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -9,760.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 42,793
▼ 24% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1,684
▲ € 1,634 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 4,919 | € 3,733 | € -114 | € 8,930 | ▲ € 9,044 |
| Profit after taxes | € 2,122 | € 146 | € -10,709 | € -7,127 | ▲ € 3,582 |
| Equity | € 10,931 | € 11,077 | € 367 | € -6,760 | ▼ € 7,127 |
| Total debts | € 3,323 | € 1,199 | € 64,039 | € 60,607 | ▼ 5% |
| Cash | € 110 | € 2,070 | € 904 | € 4,178 | ▲ € 3,275 |
| Retained profit | € 7,931 | € 8,077 | € -2,633 | € -9,760 | ▼ € 7,127 |
| Balance sheet total | € 14,254 | € 12,276 | € 64,406 | € 53,847 | ▼ 16% |
Key figures of Warre 2020, 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 Warre 2020?
What happened at Warre 2020 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 7,127. Source: NBB ↗
- New establishment in Bertem. KBO
- Start of the company according to the CBE. KBO
In short
From € 2,122 profit in 2022 to € 7,127 loss in 2025.
Paid € 822 in corporate taxes since 2022.
Best year ever: 2022, with € 2,122 profit.
Management
Behind Warre 2020 is Ward Masschelin.
Directors
According to the 2025 annual accounts
Ward Masschelin
Director
Establishments
Establishment units
Physical locations of this company
Paardenstraat 28
3060 Bertem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0748.487.236
- VAT number
- BE 0748.487.236
- Registered office
- Paardenstraat 28, 3060 Bertem
- Names & denominations
- Warre 2020
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 June 2020
- Peppol
- Active · Active since 6 Feb 2026
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