ACTIVE

WARREGAREN

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Financial year 2025 · closed on 31/03/2025

Net result

1,7 k €

-87.4% YoY

Gross margin

61,9 k €

-13.9% YoY

Equity

395,4 k €

-49.4% YoY

What does WARREGAREN do?

WARREGAREN is a Public limited company incorporated in 1992. Its registered office is in Bornem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0447.509.993

Incorporation

27/05/1992

Legal form

Public limited company

Registered office

Lodderstraat(EIK) 20
2880 Bornem · FlandreSee on map

Contributed capital

62 460,00 €

Latest accounts

31/03/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	61,9 k €	-13.9%	71,8 k €	+27.6%	56,3 k €	-37.5%	90,1 k €	+17.9%	76,4 k €	+21.3%	63 k €	-26.2%	85,3 k €	-48.7%	166,2 k €	+23.6%	134,4 k €	-9.0%	147,7 k €	+19.5%	123,6 k €	+22.6%	100,8 k €	+15.2%	87,5 k €	-29.7%	124,4 k €	+7.4%	115,8 k €	-4.7%	121,6 k €	-12.7%	139,3 k €	+33.1%	104,7 k €
EBITDA	46,6 k €	-19.8%	58,1 k €	+35.5%	42,9 k €	-44.4%	77,1 k €	+21.2%	63,6 k €	+25.9%	50,5 k €	-30.9%	73,1 k €	-52.6%	154,2 k €	+31.1%	117,6 k €	-13.4%	135,8 k €	+21.3%	112 k €	+25.3%	89,3 k €	+88.3%	47,4 k €	-57.2%	110,9 k €	+8.0%	102,7 k €	-6.4%	109,7 k €	-14.7%	128,6 k €	+35.5%	94,9 k €
Operating result	248,3 €	-98.4%	15,3 k €	+291%	3,9 k €	-89.7%	38,1 k €	+80.8%	21,1 k €	+278%	5,6 k €	-80.2%	28,1 k €	-74.2%	109,2 k €	+64.7%	66,3 k €	-18.4%	81,2 k €	+61.1%	50,4 k €	+79.7%	28,1 k €	+358%	-10,9 k €	-112%	88,9 k €	+12.8%	78,8 k €	-5.9%	83,7 k €	-19.5%	104 k €	+46.2%	71,2 k €
Net result	1,7 k €	-87.4%	13,6 k €	+173%	5 k €	-84.1%	31,2 k €	+52.2%	20,5 k €	+79.7%	11,4 k €	-54.8%	25,2 k €	-65.9%	73,9 k €	+89.9%	38,9 k €	-13.4%	44,9 k €	+89.2%	23,7 k €	+153%	9,4 k €	+133%	-28,4 k €	-150%	56,3 k €	+12.6%	50 k €	-19.7%	62,3 k €	-11.7%	70,5 k €	+75.8%	40,1 k €
Balance sheet
Equity	395,4 k €	-49.4%	781,2 k €	+1.8%	767,7 k €	+0.7%	762,7 k €	+4.3%	731,5 k €	+7.0%	683,7 k €	+1.7%	672,3 k €	+3.9%	647,1 k €	+12.9%	573,2 k €	+7.3%	534,3 k €	+9.2%	489,4 k €	-3.7%	508,3 k €	+1.9%	498,9 k €	-5.4%	527,3 k €	+7.5%	490,3 k €	+6.9%	458,8 k €	+10.3%	416,1 k €	+13.9%	365,2 k €
Total assets	527,2 k €	-33.3%	790,5 k €	+1.7%	777,7 k €	+0.1%	776,9 k €	+3.9%	748 k €	-24.8%	995 k €	+2.0%	975,7 k €	-2.2%	997,6 k €	-4.9%	1 M €	+1.9%	1 M €	-23.6%	1,3 M €	+36.0%	991,8 k €	-2.3%	1 M €	-1.1%	1 M €	+7.3%	956,2 k €	+13.7%	841,3 k €	+3.6%	811,8 k €	+19.2%	681,3 k €
Cash	264,5 k €	-19.7%	329,3 k €	+0.9%	326,2 k €	+10.8%	294,5 k €	+31.1%	224,6 k €	+211%	72,3 k €	+83.0%	39,5 k €	-73.8%	150,8 k €	+49.1%	101,1 k €	-32.0%	148,7 k €	-69.6%	488,6 k €	+1563%	29,4 k €	+327%	6,9 k €	-98.8%	593,1 k €	+35.6%	437,5 k €	+608%	61,8 k €	+41.9%	43,5 k €	+156%	17 k €
Debts	131,8 k €	+1325%	9,2 k €	-3.6%	9,6 k €	-32.4%	14,2 k €	+33.1%	10,7 k €	-96.3%	292 k €	+2.7%	284,4 k €	-12.7%	325,9 k €	-27.2%	447,5 k €	-3.2%	462,1 k €	-44.4%	831,6 k €	+83.2%	453,8 k €	-6.6%	486 k €	+3.4%	470,1 k €	+7.6%	437 k €	+20.8%	361,7 k €	-4.2%	377,7 k €	+25.0%	302,2 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 5 active · 20 ended

Active mandates

Rik Muyshondt

Director · since 11 avril 2024

Active

Jan Muyshondt

Director

Active

Karel Muyshondt

Director

Active

M2MJR

Director · until 11 avril 2024 · 0644.787.506

Represented by Jan Muyshondt

Active

MUSCANIS

Director · 0837.747.725

Represented by Maxim Muyshondt

Active

Ended mandates

Karel Muyshondt

Managing director · since 29 septembre 2017 · until 29 septembre 2023

Ended

M2MJR

Director · since 29 septembre 2017 · until 29 septembre 2023 · 0644.787.506

Represented by Jan Muyshondt

Ended

M2MJR

Director · since 29 septembre 2017 · until 29 septembre 2023 · 0644.787.506

Represented by Jan Muyshondt

Ended

M2MJR

Director · since 29 septembre 2017 · 0644.787.506

Represented by Jan Muyshondt

Ended

At this address

Other companies at this address

Company	CBE no.
MUYSHONDT CONSUMER ELECTRONICS● Active	0505.879.447
MUYSHONDT ELECTRO SERVICE● Active	0425.084.880
MUYSHONDT INVEST● Active	0443.288.020
MUYSHONDT SECURITY SOLUTIONS● Active	0506.826.978

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/10/2025	31/10/2024	03/11/2023	28/10/2022	05/11/2021	03/11/2020
General meeting	26/09/2025	27/09/2024	29/09/2023	30/09/2022	24/09/2021	25/09/2020
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

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/03/2025	26/09/2025	29/10/2025	Dutch	PDF
Micro model	31/03/2024	27/09/2024	31/10/2024	Dutch	PDF
Micro model	31/03/2023	29/09/2023	03/11/2023	Dutch	PDF
Micro model	31/03/2022	30/09/2022	28/10/2022	Dutch	PDF
Micro model	31/03/2021	24/09/2021	05/11/2021	Dutch	PDF
Micro model	31/03/2020	25/09/2020	03/11/2020	Dutch	PDF
Micro model	31/03/2019	27/09/2019	31/10/2019	Dutch	PDF
Micro model	31/03/2018	28/09/2018	02/10/2018	Dutch	PDF
Abridged model	31/03/2017	29/09/2017	03/10/2017	Dutch	PDF
Abridged model	31/03/2016	30/09/2016	10/11/2016	Dutch	PDF
Abridged model	31/03/2015	25/09/2015	14/10/2015	Dutch	PDF
Abridged model	31/03/2014	26/09/2014	26/09/2014	Dutch	PDF
Abridged model	31/03/2013	27/09/2013	30/10/2013	Dutch	PDF
Abridged model	31/03/2012	28/09/2012	01/10/2012	Dutch	PDF
Abridged model	31/03/2011	16/09/2011	20/09/2011	Dutch	PDF
Abridged model	31/03/2010	24/09/2010	27/09/2010	Dutch	PDF
Abridged model	31/03/2009	25/09/2009	29/09/2009	Dutch	PDF
Abridged model	31/03/2008	12/09/2008	18/09/2008	Dutch	PDF
Abridged model	31/03/2007	15/09/2007	20/09/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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.

Governance

Board of directors

Seen on filing of 31/03/2025 · 5 active · 20 ended

Active mandates

Rik Muyshondt

Director · since 11 avril 2024

Active

Jan Muyshondt

Director

Active

Karel Muyshondt

Director

Active

M2MJR

Director · until 11 avril 2024 · 0644.787.506

Represented by Jan Muyshondt

Active

MUSCANIS

Director · 0837.747.725

Represented by Maxim Muyshondt

Active

Ended mandates

Karel Muyshondt

Managing director · since 29 septembre 2017 · until 29 septembre 2023

Ended

M2MJR

Director · since 29 septembre 2017 · until 29 septembre 2023 · 0644.787.506

Represented by Jan Muyshondt

Ended

M2MJR

Director · since 29 septembre 2017 · until 29 septembre 2023 · 0644.787.506

Represented by Jan Muyshondt

Ended

M2MJR

Director · since 29 septembre 2017 · 0644.787.506

Represented by Jan Muyshondt

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other18/12/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates10/05/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/10/2017
ONTSLAGEN - BENOEMINGEN
PDF
Registered office17/05/2017
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares14/05/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other27/04/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates10/11/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/11/2004
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 20251,7 k €↓
2024
Annual accounts 202413,6 k €↑
2023
Annual accounts 20235 k €↓
2022
Annual accounts 202231,2 k €↑
2021
Annual accounts 202120,5 k €↑
2019
Annual accounts 201911,4 k €↓
2018
Annual accounts 201825,2 k €↓
2017
Annual accounts 201773,9 k €↑
2016
Annual accounts 201638,9 k €↓
2015
Annual accounts 201544,9 k €↑
2014
Annual accounts 201423,7 k €↑
2013
Annual accounts 20139,4 k €↑
2012
Annual accounts 2012-28,4 k €↓
2011
Annual accounts 201156,3 k €↑
2010
Annual accounts 201050 k €↓
2009
Annual accounts 200962,3 k €↓
2008
Annual accounts 200870,5 k €↑
2007
Annual accounts 200740,1 k €
27/05/1992
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

WARREGAREN

Overview

What does WARREGAREN do?

Trend over 18 financial years

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