WARCO
0437.143.069 · rovalta.com · 23/09/2026
ACTIVE
WARCO
Financial year 2025 · closed on 31/12/2025
Net result
142,8 k €
+735.0% YoY
Gross margin
1,1 M €
+3.6% YoY
Equity
774,9 k €
+22.6% YoY
Workforce
14,1 ETP
-9.6% YoY
Overview
What does WARCO do?
WARCO is a Private limited company incorporated in 1989. 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
8790 Waregem · FlandreSee on map
Contributed capital
22 310,42 €
Latest accounts
31/12/2025
Average workforce
14,1 ETP
Joint committees (1)
- 124
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Available with a Rovalta subscriptionTry for 7 days
Financials
Trend over 20 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 € | +11.4% | 1,5 M € | -14.9% | 1,7 M € | +9.3% | 1,6 M € | -1.3% | 1,6 M € | +29.3% | 1,2 M € | +19.4% | 1 M € | -2.6% | 1,1 M € | +1.9% | 1 M € | +27.0% | 821,8 k € | +18.0% | 696,3 k € | +44.9% | 480,7 k € | +65.7% | 290,1 k € | -0.1% | 290,4 k € | +15.9% | 250,7 k € | -13.3% | 289 k € |
| EBITDA | 269,2 k € | +61.5% | 166,7 k € | -44.3% | 299,3 k € | +258% | -189,8 k € | -134% | 560 k € | +54.1% | 363,4 k € | +28.0% | 283,9 k € | +59.3% | 178,2 k € | -57.9% | 423,2 k € | +144% | 173,4 k € | +30.5% | 132,9 k € | -5.1% | 140 k € | -45.6% | 257,5 k € | +29.3% | 199,2 k € | +31.9% | 151,1 k € | +92.1% | 78,6 k € | +49.1% | 52,8 k € | -58.0% | 125,5 k € | +34.9% | 93,1 k € | +14.3% | 81,4 k € |
| Operating result | 222,7 k € | +120% | 101,2 k € | -55.3% | 226,2 k € | +180% | -284,4 k € | -163% | 448,4 k € | +70.8% | 262,6 k € | +39.1% | 188,8 k € | +84.5% | 102,3 k € | -68.2% | 321,3 k € | +315% | 77,3 k € | +255% | 21,8 k € | -47.0% | 41,1 k € | -75.6% | 168,2 k € | +36.8% | 122,9 k € | +39.4% | 88,2 k € | +143% | 36,3 k € | +4.1% | 34,8 k € | -58.4% | 83,7 k € | +192% | 28,7 k € | -3.7% | 29,8 k € |
| Net result | 142,8 k € | +735% | 17,1 k € | -88.1% | 144,2 k € | +140% | -358,8 k € | -266% | 216,2 k € | +42.8% | 151,4 k € | +130% | 66 k € | +4658% | 1,4 k € | -99.2% | 180,1 k € | +1563% | 10,8 k € | +140% | -27,2 k € | -118% | 148,5 k € | +94.1% | 76,5 k € | +11.7% | 68,5 k € | +107% | 33,2 k € | +87.0% | 17,7 k € | -33.8% | 26,8 k € | -48.4% | 51,9 k € | +488% | 8,8 k € | -30.5% | 12,7 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 € | +37.5% | 603,5 k € | +20.2% | 502 k € | +3.3% | 486 k € | +0.3% | 484,7 k € | +19.8% | 404,6 k € | +2.7% | 393,8 k € | -6.5% | 421 k € | +54.5% | 272,6 k € | +39.0% | 196,1 k € | -13.8% | 227,5 k € | +1.4% | 224,4 k € | +8.6% | 206,7 k € | +14.9% | 179,9 k € | +1.0% | 178 k € | +5.2% | 169,2 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 € | +5.6% | 2,3 M € | +44.9% | 1,6 M € | -24.0% | 2,1 M € | +26.2% | 1,6 M € | +13.4% | 1,4 M € | +21.4% | 1,2 M € | -2.0% | 1,2 M € | +55.7% | 776,5 k € | +2.0% | 761 k € | +21.8% | 624,6 k € | +23.4% | 506,2 k € | +28.7% | 393,2 k € | -1.3% | 398,6 k € | -2.1% | 407,2 k € | -10.7% | 456 k € |
| Cash | 226,4 k € | -62.5% | 603,7 k € | +98.4% | 304,2 k € | -20.6% | 383,4 k € | -36.6% | 604,6 k € | +130% | 262,8 k € | -16.7% | 315,5 k € | +56.4% | 201,7 k € | -55.1% | 449,3 k € | +88.2% | 238,7 k € | +113% | 112 k € | -18.6% | 137,5 k € | +53.9% | 89,4 k € | -59.3% | 219,7 k € | -24.0% | 288,9 k € | +33.3% | 216,8 k € | +34.3% | 161,4 k € | +17.1% | 137,9 k € | +35.6% | 101,7 k € | -35.6% | 158 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 € | -8.6% | 1,5 M € | +66.3% | 897,1 k € | -35.3% | 1,4 M € | +45.4% | 953,9 k € | +14.9% | 830,1 k € | +44.3% | 575,1 k € | +3.8% | 553,9 k € | +59.9% | 346,4 k € | -10.5% | 386,9 k € | +80.3% | 214,6 k € | +72.7% | 124,2 k € | +16.0% | 107,1 k € | -22.0% | 137,3 k € | -15.9% | 163,3 k € | -26.1% | 221 k € |
| 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 | -7.4% | 23,0 ETP | -22.0% | 29,5 ETP | +2.4% | 28,8 ETP | +18.0% | 24,4 ETP | +10.4% | 22,1 ETP | +15.1% | 19,2 ETP | -10.3% | 21,4 ETP | +15.7% | 18,5 ETP | +31.2% | 14,1 ETP | +24.8% | 11,3 ETP | +31.4% | 8,6 ETP | +53.6% | 5,6 ETP | +47.4% | 3,8 ETP | -20.8% | 4,8 ETP | +60.0% | 3,0 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 1 M€ and 2,5 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 16 ended
Active mandates
Active
Active
Ended mandates
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
Huger-Patrimo● Active | 0426.324.205 |
HUWAMA● Active | 0552.547.929 |
MALCO-INVEST● Active | 0543.673.221 |
Financials
Annual accounts
Full financial information
| 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 |
Ratios
Financial ratios
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 19/06/2026 | 02/07/2026 | Dutch | |
| Abridged model | 31/12/2024 | 30/06/2025 | 24/07/2025 | Dutch | |
| Abridged model | 31/12/2023 | 15/04/2024 | 14/05/2024 | Dutch | |
| Abridged model | 31/12/2022 | 31/07/2023 | 31/08/2023 | Dutch | |
| Abridged model | 31/12/2021 | 30/06/2022 | 25/07/2022 | Dutch | |
| Abridged model | 31/12/2020 | 25/06/2021 | 23/07/2021 | Dutch | |
| Abridged model | 31/12/2019 | 30/06/2020 | 23/07/2020 | Dutch | |
| Abridged model | 31/12/2018 | 21/06/2019 | 19/07/2019 | Dutch | |
| Abridged model | 31/12/2017 | 15/06/2018 | 13/07/2018 | Dutch | |
| Abridged model | 31/12/2016 | 20/06/2017 | 20/07/2017 | Dutch | |
| Abridged model | 31/12/2015 | 17/06/2016 | 15/07/2016 | Dutch | |
| Abridged model | 31/12/2014 | 19/06/2015 | 24/06/2015 | Dutch | |
| Abridged model | 31/12/2013 | 20/06/2014 | 23/07/2014 | Dutch | |
| Abridged model | 31/12/2012 | 21/06/2013 | 11/07/2013 | Dutch | |
| Abridged model | 31/12/2011 | 26/06/2012 | 20/07/2012 | Dutch | |
| Abridged model | 31/12/2010 | 17/06/2011 | 30/06/2011 | Dutch | |
| Abridged model | 31/12/2009 | 18/06/2010 | 24/06/2010 | Dutch | |
| Abridged model | 31/12/2008 | 19/06/2009 | 17/07/2009 | Dutch | |
| Abridged model | 31/12/2007 | 20/06/2008 | 17/07/2008 | Dutch | |
| Abridged model | 31/12/2006 | 15/06/2007 | 21/06/2007 | Dutch |
Valuation
Estimate
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 16 ended
Active mandates
Active
Active
Ended mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025142,8 k €↑
- 2024Annual accounts 202417,1 k €↓
- 2023Annual accounts 2023144,2 k €↑
- 2022Annual accounts 2022-358,8 k €↓
- 2021Annual accounts 2021216,2 k €↑
- 2020Annual accounts 2020151,4 k €↑
- 2019Annual accounts 201966 k €↑
- 2018Annual accounts 20181,4 k €↓
- 2017Annual accounts 2017180,1 k €↑
- 2016Annual accounts 201610,8 k €↑
- 2015Annual accounts 2015-27,2 k €↓
- 2014Annual accounts 2014148,5 k €↑
- 2013Annual accounts 201376,5 k €↑
- 2012Annual accounts 201268,5 k €↑
- 2011Annual accounts 201133,2 k €↑
- 2010Annual accounts 201017,7 k €↓
- 2009Annual accounts 200926,8 k €↓
- 2008Annual accounts 200851,9 k €↑
- 2007Annual accounts 20078,8 k €↓
- 2006Annual accounts 200612,7 k €
- 13/03/1989IncorporationPrivate limited company