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Belgian WORKSHOP

Active
Private limited companyfounded 20241 yr activeRue des Hotlîs 20, 4920 Aywaille, BelgiumKBO/BCE: BE 1017.200.990
Summary

Belgian WORKSHOP has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€6,683) and a net result of -€9,683. Its solvency ranks better than 10% of 94 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).

Checked score

Score 2025
Axes
Profitability0
Solvency0
Growth-
Track record67
Bankruptcy probability, 12 months
1.5% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.26; short-term debt: 127.9% and cash: 0% of total assets), and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
-27.9%
Return on assets
-40.4%
Age of the figures
9 mo
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 29
Relative position
BE, all sectors
reference
Manufacture of motor vehicles, trailers and semi-trailers (NACE 29)
about 8% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filing
Deviation from the deadline
2025
31 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

Belgian WORKSHOP was incorporated on 11 December 2024 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
-€6,683
Total assets
€23,982
Net result
-€9,683
Working capital
-€22,842

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €22,874
Fixed assets €15,050
Current assets €7,823
Key figures and ratios
2025 value
EBITDA
-€8,551
Cash flow
-€8,607
Solvency
-27.9%
Current ratio
0.26
Debt to equity
-4.59
ROA
-40.4%
Interest coverage
-152.69
Debt
€30,665
Debt ≤ 1 year
€30,665

Peer companies

Historical observation

Of the 1,323 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 90% are still going.

  • Micro
  • under 2 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
3.6% went bankrupt
5.6% stopped otherwise
90% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.5% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 1,323 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 29 lines
Balance sheet Code2025
Assets
Total assets20/58€23,982
Formation expenses20€1,109
Fixed assets21/28€15,050
Tangible fixed assets22/27€15,050
Furniture and vehicles24€15,050
Current assets29/58€7,823
Amounts receivable within one year40/41€7,814
Trade receivables40€7,500
Other amounts receivable41€314
Cash at bank and in hand54/58€9
Equity and liabilities
Total equity and liabilities10/49€23,982
Equity10/15-€6,683
Contributions10/11€3,000
Profit (loss) carried forward14-€9,683
Amounts payable17/49€30,665
Amounts payable within one year42/48€30,665
Trade debts44€12,395
Suppliers440/4€12,395
Other amounts payable47/48€18,270
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,076
Non-recurring operating charges66A€2,500
Gross operating margin9900-€6,051
Operating profit (loss)9901-€9,627
Financial charges65/66B€56
Recurring financial charges65€56
Profit (loss) for the period before taxes9903-€9,683
Profit (loss) for the period9904-€9,683
Profit (loss) for the period to be appropriated9905-€9,683
Appropriation of the result
Profit (loss) to be appropriated9906-€9,683

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,076
Non-recurring operating charges66A€2,500
Gross operating margin9900-€6,051
Operating profit (loss)9901-€9,627
Financial charges65/66B€56
Recurring financial charges65€56
Profit (loss) for the period before taxes9903-€9,683
Profit (loss) for the period9904-€9,683
Profit (loss) for the period to be appropriated9905-€9,683
Line2025
Assets
Total assets20/58€23,982
Formation expenses20€1,109
Fixed assets21/28€15,050
Tangible fixed assets22/27€15,050
Furniture and vehicles24€15,050
Current assets29/58€7,823
Amounts receivable within one year40/41€7,814
Trade receivables40€7,500
Other amounts receivable41€314
Cash at bank and in hand54/58€9
Equity and liabilities
Total equity and liabilities10/49€23,982
Equity10/15-€6,683
Contributions10/11€3,000
Profit (loss) carried forward14-€9,683
Amounts payable17/49€30,665
Amounts payable within one year42/48€30,665
Trade debts44€12,395
Suppliers440/4€12,395
Other amounts payable47/48€18,270
Line2025
Profit (loss) for the period9904-€9,683
+ Depreciation and write-downs630€1,076
Operating cash flow (approximation)-€8,607

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Aywaille · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
1,152 m²
Building footprint
104 m²
Volume, LiDAR
532 m³
Parcel 61026A0785/00G000, Wallonia · tallest building 6.4 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Belgian Wokrshop
Rue des Hotlîs 20, 4920 AywailleManufacture of motor vehicles, trailers and semi-trailers
since 20242.368.172.945
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
61026A0785/00G000 Wallonia 1,152 m² 1 · 103 m² 6.4 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 114 companies in sector 29100 we hold annual accounts for 71. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded11-12-2024
Fiscal year end31-12
Activities, NACEBEL 2025
29100Manufacture of motor vehicles, trailers and semi-trailers
46711Wholesale of cars and light vans (up to 3.5 tonnes)
47811Retail sale of cars and light vans (up to 3.5 tonnes)
46712Wholesale trade
47812Retail trade
46180Agents specialised in the wholesale of other particular products
E-invoicing
Reachable via Peppol
Peppol ID 0208:1017200990
Also 9925:BE1017200990
Registered 08-12-2025

Register as of 26 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.