ACTIVE

WARCO

Export PDF

Financial year 2025 · Closed on 31/12/2025

Net result142,8 k €+735,0 %over 1 year

Gross margin1,1 M €+3,6 %over 1 year

Equity774,9 k €+22,6 %over 1 year

Workforce14,1 ETP-9,6 %over 1 year

Identity

Source · BCE/KBO

WARCO is a Private limited company incorporated in 1989. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Waregem. It employs on average 14,1 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0437.143.069
Incorporation: 13/03/1989
Legal form: Private limited company
Registered office: Desselgemseweg 52
8790 Waregem · FlandreSee on map
Contributed capital: 22 310,42 €
Latest accounts: 31/12/2025
Average workforce: 14,1 ETP

Activities (NACE)

43221Plumbing, heat and air-conditioning installation· main 43221Plumbing, heat and air-conditioning installation 43222Plumbing, heat and air-conditioning installation 43222Plumbing, heat and air-conditioning installation 45331Sale of motor vehicle parts and accessories 45332Sale of motor vehicle parts and accessories+2

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	1,1 M €	+3.6%	1,1 M €	-16.4%	1,3 M €	+32.2%	981,6 k €	-40.0%	1,6 M €
EBITDA	269,2 k €	+61.5%	166,7 k €	-44.3%	299,3 k €	+258%	-189,8 k €	-134%	560 k €
Operating result	222,7 k €	+120%	101,2 k €	-55.3%	226,2 k €	+180%	-284,4 k €	-163%	448,4 k €
Net result	142,8 k €	+735%	17,1 k €	-88.1%	144,2 k €	+140%	-358,8 k €	-266%	216,2 k €
Balance sheet
Equity	774,9 k €	+22.6%	632,1 k €	+2.8%	615 k €	+30.6%	470,8 k €	-43.2%	829,6 k €
Total assets	1,8 M €	-9.7%	2 M €	+7.9%	1,8 M €	-7.2%	1,9 M €	-18.6%	2,4 M €
Cash	226,4 k €	-62.5%	603,7 k €	+98.4%	304,2 k €	-20.6%	383,4 k €	-36.6%	604,6 k €
Debts	964,6 k €	-26.3%	1,3 M €	+10.8%	1,2 M €	-19.3%	1,5 M €	+7.3%	1,4 M €
Other
Workforce	14,1 ETP	-9.6%	15,6 ETP	-11.9%	17,7 ETP	-14.5%	20,7 ETP	-2.8%	21,3 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
JELYS0848.188.190Represented by Rudy Pannecoucke	Bestuurdersince 01/09/2012Manager01/09/2012 → 2012 accountsendedDirector2022 accountsended
PCA-INVEST0846.529.292Represented by Wim Pannecoucke	Bestuurdersince 01/09/2012Manager01/09/2012 → 2012 accountsendedDirector2022 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Rudy Pannecoucke	Manageruntil 01/09/2012
Wim Pannecoucke	Manageruntil 01/09/2012

Other companies at this address

Desselgemseweg 52 8790 Waregem

Company	CBE no.
Huger-Patrimo● Active	0426.324.205
HUWAMA● Active	0552.547.929
MALCO-INVEST● Active	0543.673.221

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	02/07/2026	24/07/2025	14/05/2024	31/08/2023	25/07/2022	23/07/2021
General meeting	19/06/2026	30/06/2025	15/04/2024	31/07/2023	30/06/2022	25/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

Looking for more information about this company?

Try for free

Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	19/06/2026	02/07/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	24/07/2025	Dutch	PDF
Abridged model	31/12/2023	15/04/2024	14/05/2024	Dutch	PDF
Abridged model	31/12/2022	31/07/2023	31/08/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	25/07/2022	Dutch	PDF
Abridged model	31/12/2020	25/06/2021	23/07/2021	Dutch	PDF
Abridged model	31/12/2019	30/06/2020	23/07/2020	Dutch	PDF
Abridged model	31/12/2018	21/06/2019	19/07/2019	Dutch	PDF
Abridged model	31/12/2017	15/06/2018	13/07/2018	Dutch	PDF
Abridged model	31/12/2016	20/06/2017	20/07/2017	Dutch	PDF
Abridged model	31/12/2015	17/06/2016	15/07/2016	Dutch	PDF
Abridged model	31/12/2014	19/06/2015	24/06/2015	Dutch	PDF
Abridged model	31/12/2013	20/06/2014	23/07/2014	Dutch	PDF
Abridged model	31/12/2012	21/06/2013	11/07/2013	Dutch	PDF
Abridged model	31/12/2011	26/06/2012	20/07/2012	Dutch	PDF
Abridged model	31/12/2010	17/06/2011	30/06/2011	Dutch	PDF
Abridged model	31/12/2009	18/06/2010	24/06/2010	Dutch	PDF
Abridged model	31/12/2008	19/06/2009	17/07/2009	Dutch	PDF
Abridged model	31/12/2007	20/06/2008	17/07/2008	Dutch	PDF
Abridged model	31/12/2006	15/06/2007	21/06/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
JELYS0848.188.190Represented by Rudy Pannecoucke	Bestuurdersince 01/09/2012Manager01/09/2012 → 2012 accountsendedDirector2022 accountsended
PCA-INVEST0846.529.292Represented by Wim Pannecoucke	Bestuurdersince 01/09/2012Manager01/09/2012 → 2012 accountsendedDirector2022 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Rudy Pannecoucke	Manageruntil 01/09/2012
Wim Pannecoucke	Manageruntil 01/09/2012

Ownership and network

Looking for more information about this company?

Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates21/10/2026
Ontslag bestuurders - benoeming bestuurders - neerlegging cf. artikel 2:8,
PDF
Mandates13/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Registered office03/12/2014
WIJZIGING ADRES MAATSCHAPPELIJKE ZETEL
PDF
Mandates26/10/2012
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

PCA-INVEST

JELYS

Rudy Pannecoucke

Wim Pannecoucke

19891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

WARCO

Desselgemseweg 52, 8790 Waregem

Bestuurder

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Desselgemseweg 52, 8790 WaregemCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00242314

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
WARCOCurrent	accounts 2006 → 2025	Accounts 2025 · 2026-00242314

Events

2025
Annual accounts 2025142,8 k €↑
2024
Annual accounts 202417,1 k €↓
2023
Annual accounts 2023144,2 k €↑
2022
Annual accounts 2022-358,8 k €↓
2021
Annual accounts 2021216,2 k €↑
2020
Annual accounts 2020151,4 k €↑
2019
Annual accounts 201966 k €↑
2018
Annual accounts 20181,4 k €↓
2017
Annual accounts 2017180,1 k €↑
2016
Annual accounts 201610,8 k €↑
2015
Annual accounts 2015-27,2 k €↓
2014
Annual accounts 2014148,5 k €↑
2013
Annual accounts 201376,5 k €↑
2012
Annual accounts 201268,5 k €↑
2011
Annual accounts 201133,2 k €↑
2010
Annual accounts 201017,7 k €↓
2009
Annual accounts 200926,8 k €↓
2008
Annual accounts 200851,9 k €↑
2007
Annual accounts 20078,8 k €↓
2006
Annual accounts 200612,7 k €
13/03/1989
IncorporationPrivate limited company

WARCO

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline

Registered offices

Company names

Events