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AS WORKS

Active
Private limited companyfounded 2016active for 10 yearsRue Warfusée 8, 4470 Saint-Georges-sur-Meuse, BelgiumKBO/BCE: BE 0663.603.823
Summary

AS WORKS has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €155,915 and a net result of €21,344. Equity is growing by about 20% per year across the filed financial years. Its solvency ranks better than 47% of 9,049 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Overview

Activity
General construction of other non-residential buildings
NACE 41003General construction of residential buildings NACE 41001
5th largest company by equity in Saint-Georges-sur-Meuse, Construction sector2 sites
Size
€382,539total assets 2025
Staff
4.1 FTE
Equity
€155,915
Profit
€21,344
Turnover not published (micro format)
Financial health
83 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.4%
Structure
Accounts 118 days early0 of 3 deeds read
Why 83raises riskSector: Construction of residential and non-residential buildings (NACE 41)Size: total assets €382,539lowers riskLiquidity: current ratio 1.81, cash €146,345Figures for financial year 2025 (filed 08-04-2026)Show the evidence

Checked score

Score 2025
83 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 49% of its sector peers (NACE 41, micro)
Financial strength · tick = 2024
Strong
Solvency 66-20
equity 40.8% of total assets
Liquidity 78+7
short-term debt 41.3% · cash 38.3%
Profitability 76+1
return on assets 5.6%
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.5% (13,400 companies, NACE 41, micro)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.4%▲ +0.1 percentage points vs 06-2025 08-2025: 0.2%▼ -0.2 percentage points vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026lowest value 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.4%▲ +0.2 percentage points vs 04-2026highest value 06-2026: 0.4%● unchanged vs 05-2026highest value 07-2026: 0.4%● unchanged vs 06-2026highest value 08-2026: 0.4%● unchanged vs 07-2026highest value 09-2026: 0.4%● unchanged vs 08-2026highest value 10-2026: 0.4%● unchanged vs 09-2026highest value
Credit of up to €12,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.81, compared with 4.0 in 2024, above the usual 1.5; short-term debt: 41.3% and cash: 38.3% of total assets), but 59.2% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro): better than 49% on solvency, 82% on liquidity, 53% on profitability and 13% on growth.

The bankruptcy probability was computed on 12-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Sector: Construction of residential and non-residential buildings (NACE 41)
KBO
lowers risk · Liquidity: current ratio 1.81, cash €146,345
NBB · annual accounts
raises risk · Size: total assets €382,539
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed 08-04-2026)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-04-2026, 118 days ahead of the deadline.
NBB · 9 filings
Deviation from the deadline
2025
118 days early
2024
23 days early
2023
15 days early
2022
21 days early
2021
37 days early
2020
19 days early
2019
16 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 36 days before the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 8 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
13-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Annual accounts filedfinancial year 2024 · micro…
  3. Annual accounts filedfinancial year 2023 · micro…

Key points

  • Positive: 5th largest company by equity in Saint-Georges-sur-Meuse, Construction sectorin the Checked rankings No. 5 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Caution: Equity fell in 2025from €259,632 to €155,915 ▼ 39.9% View
  • Positive: 7 profitable years in a rowprofit 2025: €21,344 7 years View

By topic

Financials

Financial year
2025
Total assets
€382,539
Profit
€21,344
Solvency
40.8%
Turnover▲ 39.0%
Net result
20182019
Go to Financials

Timeline

Events
14
Since
2018
Next accounts
by 31-07-2027
  1. 10-07-2023Annual accounts filed
  2. 31-12-2022Equity above €200,000
  3. 24-06-2022Annual accounts filed
Go to Timeline

Company details

Sites
2
Legal form
Private limited company
Activity
General construction of other non-residential buildingsNACE 41003
Founded
29-09-2016
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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