Equity
€23,779 from €79,114 in 2023
Equity fell by 70% in 2 years.
Human@Work
Lifetime
4 annual accounts with figures on one time axispeak €90,907 (2024)
-€22,758▼ €113,665
peak €56,726 (2024)
€10,828▼ 80.9%
peak €79,114 (2023)
€23,779▼ 17.5%
€161,824▼ 60.9%
Board1 name since 2017
1 directorBOLSENS Vanessa Gerard Josephina
Documentsfilings and deeds
28-06-202633 days before the deadline
2025micro format
Gross margin from €90,907 to -€22,758Result from €56,726 to €10,828Dividend €15,859Equity from €28,810 to €23,779Debts from €413,924 to €161,824Cash from €42,254 to €144,371
Key points
from the 2025 annual accountsDebts
€161,824 87% of the balance sheet
Investments
€10,266 8.9 × depreciation
Green is investment, beige is depreciation.
Turnover not published (micro format)
Checked score
90
Excellent
Financially stronger than 30% of micro companies in research and development (NACE 72)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 932 companies (NACE 72, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025lowest value
03-2025: 0.1%● unchanged vs 02-2025lowest value
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025
08-2025: 0.2%● unchanged 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 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.4%▲ +0.2 percentage points vs 07-2026
09-2026: 0.4%● unchanged vs 08-2026highest value
10-2026: 0.1%▼ -0.3 percentage points vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Equity €23,779 (12.8% of total assets)
lowers risk
Liquidity: current ratio 1.08, cash €144,371
Sector: Scientific research and development (NACE 72)
Size: total assets €185,603
Calculation
The band follows from the bankruptcy probability. 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 72, micro). It does better than 25% of them on solvency, 35% on liquidity, 30% on profitability and 28% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,713 companies had the same profile as Human@Work has now. Each dot stands for 17 companies, two years later.
95.8%
were still trading
2.2%
stopped another way
1.8%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Human@Work itself is lower: 0.1% within 12 months. It rests on far more data about Human@Work than the profile alone.
Test of the method
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 6,713 companies, not a prediction for Human@Work. 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.
Credit verdict
Credit of up to €2,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.08 (0.25 in 2024), below the usual 1.5. Short-term debt is 87.2% and cash 77.8% of total assets. 87.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 619 sector peers (2025).
NBB · sector comparisonPosition among 619 sector peers
Solvency
better than 21%
← weakest
strongest →
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 28-06-2026, 33 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
33 days early
2024
33 days early
2023
42 days early
2022
44 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 38 days before the deadline. In the sector (NACE 72), the median for financial year 2024 was 13 days before the deadline, and 32% 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 24 June (4 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0668698994
Change of role: BOLSENS Vanessa Gerard Josephina, from manager to director
Permanent representative: BOLSENS Vanessa Gerard Josephina · Legal-form conversion: from limited partnership to private limited company · General meeting of 23-03-2022 · Gazette deed
Incorporation
published on 17-01-2017 · Gazette deed
First establishment
The Power of People, Kapelstraat 26A, Lochristi
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Human@Work Lochristi | €185,603 | -€22,758 | 12.8% | - |
| CARDIO OV Brakel | €273,597 | -€15,007 | 60.2% | - |
| ISAPHAN Villers-la-Ville | €112,633 | -€1,951 | 80.4% | - |
| LBG Grimbergen | €297,675 | -€1,696 | 85.8% | - |
| ODIX Thimister-Clermont | €639,567 | -€84,558 | 63.8% | - |
| LISN Hélécine | €51,223 | -€6,075 | 43.3% | - |
| BREACH Brussels | €905,331 | -€286,586 | 83.3% | - |
These companies have the same main activity as Human@Work: scientific research and development (NACE 72200). They are comparable in size and age: total assets between €51,200 and €905,000, founded between 2008 and 2020.
Official details
Source: KBO- Status
- Active since 04-01-2017Normal situation
- Activity
- Scientific research and developmentNACE 72200and 2 others
- Establishment unit
- 2.260.726.4419080 Lochristi, since 04-01-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2023
Annual accounts 2025
- €185,603▼ 58.1%
- Filing
- Filed on 28-06-2026, 33 days before the end of the filing period
Insights on Human@Work
Human@Work files the micro format. That format states no turnover. The gross margin fell from €66,921 in 2022 to -€22,758 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Human@Work
- What is the company number of Human@Work?
- The company number of Human@Work is 0668.698.994. The VAT number is the same number with BE in front: BE 0668.698.994.
- Where is Human@Work based?
- The registered office is at Kapelstraat 26A, 9080 Lochristi.Company details
- What does Human@Work do?
- According to the KBO register, the main activity is scientific research and development (NACE 72200).
- What is the legal form of Human@Work?
- Human@Work is a private limited company (BV).
- When was Human@Work founded?
- Human@Work was founded on 04-01-2017.
- Is Human@Work still active?
- Yes, Human@Work is an active enterprise in the KBO register.
- What is the turnover of Human@Work?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is Human@Work profitable?
- In financial year 2025, Human@Work made a profit of €10,828.
- Where can I find the annual accounts of Human@Work?
- Human@Work filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Human@Work due?
- Human@Work must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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