Equity
Equity fell by 56% in 3 years.
Equity fell by 56% in 3 years.
Every financial year from 2023 to 2025 closed with a loss. 2023 was the heaviest.
Short-term debts fell from €31,770 to €8,524.
In July 2024, 12,322 companies had the same profile as Atwork Projects has now. Each dot stands for 31 companies, two years later.
Another 0.4% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 12,322 companies, not a prediction for Atwork Projects. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Atwork Projects files the micro format. That format states no turnover. The gross margin fell from €8,918 in 2007 to -€3,837 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||
20/58 |
39,027 | 64,370 | 65,202 | 70,939 | 83,334 | 70,077 | 62,574 | 47,075 | 46,599 | 59,738 | 62,307 | 70,473 | 71,100 | 81,163 | 61,301 | 95,309 | 77,710 | 63,432 | |
21/28 |
- | - | - | - | - | - | - | - | - | 26,154 | 24,240 | 30,842 | 29,244 | 34,109 | 45,417 | 57,460 | 48,358 | 28,434 | |
22/27 |
- | - | - | - | - | - | - | - | - | 25,508 | 23,595 | 30,196 | 28,598 | 33,464 | 44,771 | 56,814 | 42,233 | 22,308 | |
23 |
- | - | - | - | - | - | - | - | - | 10,715 | 11,700 | 14,253 | 8,726 | 10,471 | 12,217 | 13,962 | 15,707 | - | |
24 |
- | - | - | - | - | - | - | - | - | 741 | 1,690 | 3,329 | 7,946 | 13,424 | 19,040 | 25,391 | 5,118 | 3,090 | |
26 |
- | - | - | - | - | - | - | - | - | 14,052 | 10,205 | 12,615 | 11,927 | 9,568 | 13,515 | 17,461 | 21,408 | 19,218 | |
28 |
- | - | - | - | - | - | - | - | - | 646 | 646 | 646 | 646 | 646 | 646 | 646 | 6,126 | 6,126 | |
29/58 |
39,027 | 64,370 | 65,202 | 70,939 | 83,334 | 70,077 | 62,574 | 47,075 | 46,599 | 33,584 | 38,067 | 39,631 | 41,856 | 47,053 | 15,884 | 37,849 | 29,352 | 34,998 | |
29 |
0 | 18,000 | 18,000 | 10,000 | 10,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
291 |
0 | 18,000 | 18,000 | 10,000 | 10,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
40/41 |
38,971 | 46,370 | 46,828 | 60,175 | 66,400 | 60,422 | 59,386 | 46,786 | 44,677 | 33,182 | 38,067 | 36,990 | 35,755 | 35,266 | 15,884 | 34,833 | 21,870 | 13,435 | |
40 |
0 | 61 | 41,442 | 41,382 | 54,450 | 12,100 | 15,769 | - | - | 16,329 | 6,973 | 9,964 | 17,443 | 17,711 | 11,985 | 24,206 | 12,696 | 10,746 | |
41 |
38,971 | 46,309 | 5,387 | 18,793 | 11,950 | 48,322 | 43,617 | 46,786 | 44,677 | 16,853 | 31,094 | 27,025 | 18,312 | 17,555 | 3,899 | 10,627 | 9,174 | 2,689 | |
54/58 |
57 | 0 | 374 | 765 | 6,933 | 9,325 | 2,857 | 289 | 1,922 | - | - | 2,642 | 2,816 | 9,307 | - | - | 2,999 | 10,103 | |
490/1 |
- | - | - | - | - | 331 | 331 | - | - | 403 | - | - | 3,285 | 2,481 | - | 3,016 | 4,483 | 11,460 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||
10/49 |
39,027 | 64,370 | 65,202 | 70,939 | 83,334 | 70,077 | 62,574 | 47,075 | 46,599 | 59,738 | 62,307 | 70,473 | 71,100 | 81,163 | 61,301 | 95,309 | 77,710 | 63,432 | |
10/15 |
30,504 | 32,600 | 65,202 | 69,794 | 68,958 | 60,039 | 56,539 | 47,075 | 46,599 | 52,927 | 54,089 | 60,834 | 56,666 | 59,509 | 35,541 | 58,896 | 57,703 | 45,650 | |
10/11 |
13,500 | 13,500 | 13,500 | 13,500 | 13,500 | - | 13,500 | 13,500 | 13,500 | 13,500 | 13,500 | 13,500 | 13,500 | 13,500 | 13,500 | 13,500 | 13,500 | 13,500 | |
100 |
- | - | - | - | - | - | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
101 |
- | - | - | - | - | - | 6,500 | 6,500 | 6,500 | 6,500 | 6,500 | 6,500 | 6,500 | 6,500 | 6,500 | 6,500 | 6,500 | 6,500 | |
11 |
- | - | - | - | - | 13,500 | - | - | - | - | - | - | - | - | - | - | - | - | |
1100/10 |
- | - | - | - | - | 13,500 | - | - | - | - | - | - | - | - | - | - | - | - | |
13 |
17,004 | 19,100 | 51,702 | 56,294 | 55,458 | 46,539 | 43,039 | 33,575 | 33,099 | 38,800 | 40,000 | 47,000 | 46,009 | 46,009 | 22,041 | 45,396 | 44,203 | 32,150 | |
130/1 |
- | - | - | - | - | 2,000 | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | |
1319 |
- | - | - | - | - | 2,000 | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
17,004 | 19,100 | 51,702 | 56,294 | 55,458 | 44,539 | 41,039 | 31,575 | 31,099 | 36,800 | 38,000 | 45,000 | 44,009 | 44,009 | 20,041 | 43,396 | 42,203 | 30,150 | |
14 |
0 | 0 | - | - | - | - | - | - | - | 627 | 589 | 334 | -2,843 | - | - | - | - | - | |
17/49 |
8,524 | 31,770 | - | 1,146 | 14,376 | 10,038 | 6,034 | - | - | 6,811 | 8,218 | 9,639 | 14,433 | 21,653 | 25,760 | 36,412 | 20,007 | 17,782 | |
17 |
- | - | - | - | - | - | - | - | - | - | - | - | 4,230 | 9,126 | 13,832 | 18,356 | - | - | |
170/4 |
- | - | - | - | - | - | - | - | - | - | - | - | 4,230 | 9,126 | 13,832 | 18,356 | - | - | |
42/48 |
8,524 | 31,770 | - | 1,146 | 14,376 | 10,038 | 6,034 | - | - | 6,811 | 8,218 | 9,639 | 10,203 | 12,528 | 11,928 | 18,056 | 20,007 | 17,782 | |
42 |
- | - | - | - | - | - | - | - | - | - | - | 4,230 | 4,896 | 4,706 | 4,524 | 4,349 | - | - | |
43 |
0 | 56 | - | - | - | - | - | - | - | 874 | 5,565 | - | - | - | 2,988 | 4,257 | - | - | |
430/8 |
0 | 56 | - | - | - | - | - | - | - | 874 | 5,565 | - | - | - | 2,988 | 4,257 | - | - | |
44 |
135 | 213 | - | - | 957 | 191 | 383 | - | - | 2,250 | 1,061 | 1,557 | 1,684 | 3,286 | 3,779 | 2,370 | 11,332 | 14,340 | |
440/4 |
135 | 213 | - | - | 957 | 191 | 383 | - | - | 2,250 | 1,061 | 1,557 | 1,684 | 3,286 | 3,779 | 2,370 | 11,332 | 14,340 | |
45 |
- | - | - | 434 | 12,506 | 9,846 | 5,652 | - | - | 3,686 | 1,593 | 3,852 | 3,624 | 4,536 | 637 | 7,080 | 8,675 | 3,442 | |
450/3 |
- | - | - | 434 | 10,051 | 2,453 | 3,384 | - | - | 3,686 | 1,593 | 3,852 | 3,624 | 4,536 | 637 | 7,080 | 8,675 | 3,442 | |
454/9 |
- | - | - | - | 2,455 | 7,394 | 2,267 | - | - | - | - | - | - | - | - | - | - | - | |
47/48 |
8,389 | 31,500 | - | 712 | 912 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Income statement | |||||||||||||||||||
76A |
- | - | - | - | - | - | - | - | 278 | - | - | - | - | - | - | - | - | - | |
9900 |
-3,837 | -1,767 | -4,202 | 34,628 | 160,977 | 103,599 | 14,611 | -922 | -137 | 5,604 | 440 | 15,578 | 6,892 | 38,604 | -8,708 | 16,875 | 28,237 | 8,918 | |
62 |
0 | 184 | 431 | 33,264 | 148,583 | 99,980 | 5,715 | - | - | - | - | - | - | - | - | - | - | - | |
630 |
- | - | - | - | - | - | - | - | - | 6,842 | 8,311 | 10,037 | 10,329 | 12,104 | 12,043 | 10,830 | 7,743 | 4,685 | |
640/8 |
150 | 469 | 411 | 405 | 421 | 432 | 1,341 | 512 | 348 | 1,475 | 794 | 783 | 408 | 784 | 789 | 1,581 | 349 | 693 | |
9901 |
-3,987 | -2,420 | -5,045 | 960 | 11,973 | 3,188 | 7,555 | -1,434 | -484 | -2,713 | -8,665 | 4,758 | -3,844 | 25,715 | -21,540 | 4,464 | 20,145 | 3,541 | |
75/76B |
2,181 | 1,529 | 701 | 604 | 1,041 | 1,533 | 2,098 | 2,098 | 1,981 | 2,149 | 2,449 | 2,061 | 1,536 | 790 | 1 | 175 | 21 | 35 | |
75 |
2,181 | 1,529 | 701 | 604 | 1,041 | 1,533 | 2,098 | 2,098 | 1,981 | 2,149 | 2,449 | 2,061 | 1,536 | 790 | 1 | 175 | 21 | 35 | |
65/66B |
291 | 211 | 248 | 278 | 341 | 239 | 189 | 188 | 204 | 536 | 531 | 650 | 847 | 1,087 | 1,745 | 1,805 | 1,534 | 1,412 | |
65 |
291 | 211 | 248 | 278 | 341 | 239 | 189 | 188 | 204 | 536 | 531 | 650 | 847 | 1,087 | 1,745 | 1,805 | 1,534 | 1,412 | |
9903 |
-2,096 | -1,102 | -4,591 | 1,286 | 12,673 | 4,482 | 9,464 | 476 | 1,293 | -1,100 | -6,747 | 6,169 | -3,155 | 25,418 | -23,284 | 2,833 | 18,632 | 2,163 | |
67/77 |
- | - | - | 450 | 3,755 | 982 | - | - | - | 61 | -2 | 2,001 | -312 | 1,450 | 71 | 1,640 | 6,579 | 116 | |
9904 |
-2,096 | -1,102 | -4,591 | 836 | 8,919 | 3,500 | 9,464 | 476 | 1,293 | -1,162 | -6,745 | 4,168 | -2,843 | 23,968 | -23,355 | 1,193 | 12,053 | 2,048 | |
9905 |
-2,096 | -1,102 | -4,591 | 836 | 8,919 | 3,500 | 9,464 | 476 | 1,293 | -1,162 | -6,745 | 4,168 | -2,843 | 23,968 | -23,355 | 1,193 | 12,053 | 2,048 | |
| Appropriation of the result | |||||||||||||||||||
9906 |
-2,096 | -1,102 | -4,591 | 836 | 8,919 | 3,500 | 9,464 | 476 | -5,701 | -573 | -6,411 | 1,325 | -2,843 | 23,968 | -23,355 | 1,193 | 12,053 | 2,048 | |
791/2 |
2,096 | 32,602 | 4,591 | - | - | - | - | - | 5,701 | 1,200 | 7,000 | - | - | - | 23,355 | - | - | - | |
691/2 |
- | - | - | 836 | 8,919 | 3,500 | 9,464 | 476 | - | - | - | 991 | - | 23,968 | - | 1,193 | 12,053 | 2,048 | |
6921 |
- | - | - | 836 | 8,919 | 3,500 | 9,464 | 476 | - | - | - | 991 | - | 23,968 | - | 1,193 | 12,053 | 2,048 | |
694/7 |
0 | 31,500 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
694 |
0 | 31,500 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||||||
9087 |
- | - | - | 0.8 | 3.1 | 2.3 | 0.2 | - | - | - | - | - | - | - | - | - | - | - | |
Hours worked1013 |
- | - | - | 1,401 | 5,611 | 4,004 | 304 | - | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||
The accounts for 5 older financial years (2002-2006) were filed as documents without figures as data, scans for example.
The notes to these accounts have 1 item. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 30-01-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 30-01-2026 | 2026-00031584 | |
| 30-06-2024 | micro format | 28-01-2025 | 2025-00012043 | |
| 30-06-2023 | abbreviated format | 20-12-2023 | 2023-00532161 | |
| 30-06-2022 | micro format | 31-01-2023 | 2023-00013505 | |
| 30-06-2021 | micro format | 28-01-2022 | 2022-02300531 | |
| 30-06-2020 | abbreviated format | 28-01-2021 | 2021-02500271 | |
| 30-06-2019 | abbreviated format | 23-12-2019 | 2019-76700245 | |
| 30-06-2018 | abbreviated format | 30-11-2018 | 2018-73100409 | |
| 30-06-2017 | abbreviated format | 18-12-2017 | 2017-72000076 | |
| 30-06-2015 | abbreviated format | 10-12-2015 | 2015-68500230 | |
| 30-06-2014 | abbreviated format | 04-12-2014 | 2014-68300163 | |
| 30-06-2013 | abbreviated format | 08-01-2014 | 2014-00400244 | |
| 30-06-2012 | abbreviated format | 15-02-2013 | 2013-03700461 | |
| 30-06-2011 | abbreviated format | 31-01-2012 | 2012-02100060 | |
| 30-06-2010 | abbreviated format | 31-01-2011 | 2011-02200011 | |
| 30-06-2009 | abbreviated format | 05-01-2010 | 2010-00300265 | |
| 30-06-2008 | abbreviated format | 23-02-2009 | 2009-05500045 | |
| 30-06-2007 | abbreviated format | 31-01-2008 | 2008-03600142 | |
| 30-06-2006 | abbreviated format | 12-01-2007 | 2007-01300325 | |
| 30-06-2005 | abbreviated format | 06-01-2006 | 2006-00502899 | |
| 30-06-2004 | abbreviated format | 31-12-2004 | 2004-89701382 | |
| 30-06-2003 | abbreviated format | 22-12-2003 | 2003-85101728 | |
| 30-06-2002 | abbreviated format | 16-12-2002 | 2002-76801705 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | - | - | - | - | - | - | - | 4,129 | -355 | 14,794 | 6,485 | 37,819 | -9,497 | 15,294 | 27,887 | 8,226 | ||
| - | - | - | - | - | - | - | - | - | 5,681 | 1,566 | 14,204 | 7,486 | 36,072 | -11,312 | 12,023 | 19,795 | 6,733 | ||
| - | - | - | - | - | - | - | - | - | 8,654 | 1,709 | 11,634 | 5,464 | 797 | 0 | 25,411 | 27,667 | 20,131 | ||
| 57 | -374 | -391 | -6,169 | -2,392 | 6,468 | 2,568 | -1,633 | - | - | - | -175 | -6,490 | - | - | - | -7,104 | - | ||
| 30,504 | 32,600 | - | 69,794 | 68,958 | 60,039 | 56,539 | - | - | 26,773 | 29,849 | 29,992 | 31,652 | 34,526 | 3,956 | 19,793 | 9,344 | 17,216 | ||
| 78.2% | 50.6% | 100.0% | 98.4% | 82.7% | 85.7% | 90.4% | 100.0% | 100.0% | 88.6% | 86.8% | 86.3% | 79.7% | 73.3% | 58.0% | 61.8% | 74.3% | 72.0% | ||
| 4.58 | 2.03 | - | 61.92 | 5.80 | 6.98 | 10.37 | - | - | 4.93 | 4.63 | 4.11 | 4.10 | 3.76 | 1.33 | 2.10 | 1.47 | 1.97 | ||
| 0.28 | 0.97 | - | 0.02 | 0.21 | 0.17 | 0.11 | - | - | 0.13 | 0.15 | 0.16 | 0.25 | 0.36 | 0.72 | 0.62 | 0.35 | 0.39 | ||
| -6.9% | -3.4% | -7.0% | 1.2% | 12.9% | 5.8% | 16.7% | 1.0% | 2.8% | -2.2% | -12.5% | 6.9% | -5.0% | 40.3% | -65.7% | 2.0% | 20.9% | 4.5% | ||
| -5.4% | -1.7% | -7.0% | 1.2% | 10.7% | 5.0% | 15.1% | 1.0% | 2.8% | -1.9% | -10.8% | 5.9% | -4.0% | 29.5% | -38.1% | 1.3% | 15.5% | 3.2% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 30-06-2022 |
|---|---|
| 0.8 | |
| Joined | 0 |
| Left | 2 |
Source: social balance sheet in the 2022 annual accounts
The operating result for 2025 is a loss of €3,987, larger than the loss of €2,420 in 2024.
Debt's share of the balance-sheet total falls from 49.4% to 21.8%. Equity and debt are lower.
Atwork Projects has no parent and no holdings in its annual accounts. is the only director.
| THIL
registered office since 01-10-2002 · founded in 2002 |
total assets €974,083 (2025) 0478.281.660 |
| B.G.
registered office since 28-05-2003 · founded in 2003 |
total assets €567,953 (2025) 0480.406.356 |
| BURO DESIGN
registered office since 26-06-2003 · founded in 2002 · accounts filed late |
total assets €124,694 (2025) 0476.635.234 |
| De Rauw, Sandy (sole trader)
establishment since 01-10-2026 |
founded in 2026 0769.545.639 |
via , at Atwork Projects, last mentioned in 2020 · Sole director · deed of 13-07-2026 founded in 1996 · negative equity (2025) |
7.7 FTE (2025) |
via , at Atwork Projects, last mentioned in 2020 · Director (not named in the articles) · deed of 05-05-2020 founded in 2002 · accounts filed late |
total assets €124,694 (2025) |
The network starts from the earlier ties.
Deadline for the 2026 accounts: 31-01-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Atwork Projects was incorporated on 11 April 2001.1 The registered office moved to Groot-Bijgaarden in 2016 and to Halle in 2019.23 The name was changed to Atwork Projects in 2019.3 Since 2020, has served as manager.4 Total assets fell from €62,574 in 2019 to €39,027 in 2025 and headcount from 0.2 full-time equivalents in 2019 to 0.8 in 2022.5
| Establishment | Since | Unit number |
|---|---|---|
| Lenniksesteenweg 496 registered office 1500 Halle | ||
| Humaniteitslaan 435 1620 Drogenbos 26200 Manufacture of computer, electronic and optical products | 26-04-2001 | 2.101.274.475 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 23027B0023/00H000 | 7,864 m² | 1 · 614 m² | 17.4 m · 2 |
| 22001A0031/00T000 | 1,633 m² | 1 · 978 m² | 8.8 m · 2 |
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