Equity
€384,104 from €647,041 in 2013
Equity fell by 41% in 12 years.
Work-Around Gent
Lifetime
20 annual accounts with figures on one time axis, 49 filings since 1977peak €304,063 (2006)
€164,056▲ 0.6%
lowest -€83,216 (2018)
€73,185▲ 3.6%
peak €647,041 (2013)
€384,104▲ 23.5%
€494,348▼ 17.8%
peak 3.8 FTE (2006)
-not published
Board3 names since 2021
1 directorARCASIS BV
Owners3 names in the annual accounts
33.33%ARCASIS and 2 others
Documentsfilings and deeds
27-05-202665 days before the deadline
2025micro format
Equity from €310,919 to €384,104Debts from €601,312 to €494,348
Key points
from the 2025 annual accountsTurnover
≈ €410,000 estimated
The micro format states no turnover.
Securities
€415,000
Mortgages, new in 2025. 1.1 times equity · not in the 2024 accounts.
Filings
49 annual accounts since 1977
The 2016 accounts came 28 days late. The other nine of the last ten were filed on time.
At the same address
5 companies
Position in the sector
€73,185
Higher net result than 94% of companies in printing. Sector median €5,881 · 1,123 companies.
Checked score
94
Excellent
Financially stronger than 61% of micro companies in printing (NACE 18)
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: 0.3% across 1,614 companies (NACE 18, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%lowest value
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
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: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026highest value
11-2026: 0.1%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 1.07, cash €66,162
Sector: Printing and reproduction of recorded media (NACE 18)
lowers risk
Size: total assets €878,452
Figures for financial year 2025 (filed on 27-05-2026)
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 18, micro). It does better than 46% of them on solvency, 55% on liquidity, 65% on profitability and 78% on growth.
The bankruptcy probability was computed on 06-11-2026 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, 20,137 companies had the same profile as Work-Around Gent has now. Each dot stands for 51 companies, two years later.
95.0%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of Work-Around Gent itself: 0.1% within 12 months.
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 20,137 companies, not a prediction for Work-Around Gent. 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 €35,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.07 (1.17 in 2024), below the usual 1.5. Short-term debt is 10.1% and cash 7.5% of total assets. 56.3% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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.
Signals
Five signals.
lowers riskraises riskneutral
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 27-05-2026, 65 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
65 days early
2024
34 days early
2023
53 days early
2022
54 days early
2021
14 days early
2020
36 days early
2019
22 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 40 days before the deadline. In the sector (NACE 18), the median for financial year 2024 was 5 days before the deadline, and 38% 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 9 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- ARCASIS 33.33%score 98equity €2.4m (2025) · 31-05-2025 annual accounts of ARCASIS
- Bishamon 33.2%score 94equity €1.2m (2025) · 2025 annual accounts of Bishamon
- CAMILLELOT 0.33%equity €35.1m (2025) · 2025 annual accounts of CAMILLELOT
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0412879807
Company renamed from Drukkerij Drubbel to Work-Around Gent
Permanent representative: Francis Gevaert · Resignations: Simonne Jolie (statutory manager) and Willy Willaert (statutory manager) · “De vennootschap mag alle verrichtingen stellen van commerciële,industriële,onroerende,roerende of financiële…” (deed in Dutch) · General meeting of 28-12-2023 · Gazette deed
First establishment
Maaltebruggestraat 169, Ghent
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Work-Around Gent Ghent | €0.9m | €164,056 | 43.7% | - |
| DELE PRINTING Roeselare | €1.0m | €145,708 | 54.7% | 0.9 |
| Drukkerij van Hoeilaart Hoeilaart | €0.8m | €254,890 | 78.9% | 1 |
| PHILENOR Uccle | €0.6m | €144,236 | 59.1% | - |
| HENROPRINT Juprelle | €0.7m | €156,822 | 17.1% | 1 |
| Imprimerie Schmitz et Gofflot Bastogne | €0.6m | €223,366 | 13.2% | - |
| VANDENDRIESSCHE DRUKKERIJ EN BOEKBINDERIJ Bruges | €0.8m | €289,597 | 86.0% | - |
These companies have the same main activity as Work-Around Gent: other printing (NACE 18120). They are comparable in size and age: total assets between €599,000 and €1m, founded between 1968 and 1982.
Official details
Source: KBO- Status
- Active since 21-12-1972Normal situation
- Activity
- Other printingNACE 18120
- Establishment unit
- 2.008.154.8719000 Ghent, since 01-01-1973
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- €878,452▼ 3.7%
- Filing
- Filed on 27-05-2026, 65 days before the end of the filing period
Insights on Work-Around Gent
Work-Around Gent files the micro format. That format states no turnover. The gross margin fell from €304,063 in 2006 to €164,056 in 2025.
The balance sheet grew most from 2018 to 2020 through fixed assets.
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 Work-Around Gent
- What is the company number of Work-Around Gent?
- The company number of Work-Around Gent is 0412.879.807. The VAT number is the same number with BE in front: BE 0412.879.807.
- Where is Work-Around Gent based?
- The registered office is at Maaltebruggestraat 169, 9000 Ghent.Company details
- What does Work-Around Gent do?
- According to the KBO register, the main activity is other printing (NACE 18120).
- What is the legal form of Work-Around Gent?
- Work-Around Gent is a private limited company (BV).
- When was Work-Around Gent founded?
- Work-Around Gent was founded on 21-12-1972.
- Is Work-Around Gent still active?
- Yes, Work-Around Gent is an active enterprise in the KBO register.
- What is the turnover of Work-Around Gent?
- The turnover in financial year 2025 is ≈ €410,000. This figure is estimated from the gross margin of €164,056 and 2,207 comparable companies of the same size. It probably lies between €270,000 and €630,000. It is a rough estimate.Financials
- Is Work-Around Gent profitable?
- In financial year 2025, Work-Around Gent made a profit of €73,185.
- Where can I find the annual accounts of Work-Around Gent?
- Work-Around Gent filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Work-Around Gent due?
- Work-Around Gent must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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