ACTIVE

WARQ

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Financial year 2025 · closed on 31/12/2025
Net result
-83,6 k €
-39.7% YoY
Gross margin
-8 k €
-130.4% YoY
Equity
-10 k €
-113.5% YoY
Workforce
0,0 ETP

What does WARQ do?

WARQ is a Public limited company incorporated in 2016. Its main activity is: Other amusement and recreation activities. Its registered office is in Ecaussinnes.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0653.875.119
Incorporation
10/05/2016
Legal form
Public limited company
Registered office
Rue Victor Cuvelier 18
7190 Ecaussinnes · WallonieSee on map
Contributed capital
662 445,00 €
Latest accounts
31/12/2025
Average workforce
0,0 ETP
Activities (NACE)
93299Other amusement and recreation activities· main93299Other amusement and recreation activities
Joint committees (1)
  • 116
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✦ Verdict · Analyst summary
Financials

Trend over 9 financial years

202520242023202220212020201920182017
Income statement
Gross margin-8 k €26,3 k €355,1 k €60,4 k €20,1 k €167,5 k €-31,8 k €3,2 k €-214,6 k €
EBITDA-8,8 k €7,7 k €337,8 k €53,1 k €19,5 k €155,3 k €-79,4 k €-29,2 k €-233,6 k €
Operating result-68,9 k €-52,5 k €269,3 k €-18,5 k €-44,2 k €68 k €-168,6 k €-116,2 k €-385,2 k €
Net result-83,6 k €-59,9 k €248,8 k €-12,2 k €-67 k €41 k €-195,3 k €-146,3 k €-397,9 k €
Balance sheet
Equity-10 k €73,7 k €133,5 k €-115,3 k €-103,1 k €-36,1 k €-77 k €118,3 k €43,8 k €
Total assets1,2 M €825,3 k €1,1 M €491,8 k €615 k €629,1 k €750,9 k €791,6 k €740,8 k €
Cash220,1 k €20,8 k €22,3 k €36,2 k €7,9 k €121,1 k €5,6 k €130 k €83,5 k €
Debts1,2 M €749,6 k €914 k €607,1 k €718,1 k €665,2 k €827,9 k €673,3 k €697 k €
Other
Workforce0,0 ETP0,0 ETP0,0 ETP––––––
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 9 ended

Active mandates

Blockhouse Europe

Director · since 01 janvier 2024 · 0798.542.305

Represented by Absil Zoé

Active
Michael Klein

Director

Active
Quentin Mulders

Director

Active

Ended mandates

Blockhouse Europe

Director · since 01 janvier 2024 · 0798.542.305

Represented by Absil ZOÉ

Ended
Blockhouse Europe

Managing director · since 20 février 2023 · until 20 février 2029 · 0798.542.305

Represented by Armon Vaziri

Ended
Mike Klein

Managing director · since 20 février 2023 · until 20 février 2029

Ended
Quentin Mulders

Managing director · since 20 février 2023 · until 20 février 2029

Ended
At this address

Other companies at this address

CompanyCBE no.
Blockhouse Europe● Active
0798.542.305
SPC Project● Active
0801.094.195
TAM TARGET● Active
1024.606.644
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date23/06/202626/08/202530/08/202425/08/202330/06/202228/10/2021
General meeting12/06/202630/06/202514/06/202409/06/202310/06/202220/09/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

9 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202512/06/202623/06/2026FrenchPDF
Abridged model31/12/202430/06/202526/08/2025FrenchPDF
Abridged model31/12/202314/06/202430/08/2024FrenchPDF
Micro model31/12/202209/06/202325/08/2023FrenchPDF
Micro model31/12/202110/06/202230/06/2022FrenchPDF
Micro model31/12/202020/09/202128/10/2021FrenchPDF
Micro model31/12/201912/06/202001/11/2020FrenchPDF
Micro model31/12/201814/06/201919/11/2019FrenchPDF
Abridged model31/12/201720/04/201830/08/2018FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 31/12/2025 · 3 active · 9 ended

Active mandates

Blockhouse Europe

Director · since 01 janvier 2024 · 0798.542.305

Represented by Absil Zoé

Active
Michael Klein

Director

Active
Quentin Mulders

Director

Active

Ended mandates

Blockhouse Europe

Director · since 01 janvier 2024 · 0798.542.305

Represented by Absil ZOÉ

Ended
Blockhouse Europe

Managing director · since 20 février 2023 · until 20 février 2029 · 0798.542.305

Represented by Armon Vaziri

Ended
Mike Klein

Managing director · since 20 février 2023 · until 20 février 2029

Ended
Quentin Mulders

Managing director · since 20 février 2023 · until 20 février 2029

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates08/02/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates20/03/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DENOMINATION - CAPITAL, ACTIONS
    PDF
  • Mandates20/03/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office15/03/2021
    SIEGE SOCIAL
    PDF
  • Mandates03/07/2020
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates06/12/2018
    CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
    PDF
  • Mandates15/02/2017
    CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - MODIFICATION FORME JURIDIQUE
    PDF
  • Registered office21/11/2016
    SIEGE SOCIAL
    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

Timeline

  1. 2025
    Annual accounts 2025-83,6 k €↓
  2. 2024
    Annual accounts 2024-59,9 k €↓
  3. 2023
    Annual accounts 2023248,8 k €↑
  4. 2022
    Annual accounts 2022-12,2 k €↑
  5. 2022
    Name changeWarq
  6. 2021
    Annual accounts 2021-67 k €↓
  7. 2021
    Name changeQUIZO
  8. 2020
    Annual accounts 202041 k €↑
  9. 2019
    Annual accounts 2019-195,3 k €↓
  10. 2018
    Annual accounts 2018-146,3 k €↑
  11. 2017
    Annual accounts 2017-397,9 k €
  12. 10/05/2016
    IncorporationPublic limited company