Result
-€1.3m -€1.3m
From profit to loss in 2025, after a profit of €178,861 in 2024.
WorxEstate
Part of the group
36 companies in 5 countries
Lifetime
20 annual accounts with figures on one time axis, 22 filings since 2004peak €9.5m (2025)
€9.5m▲ 61.3%
lowest -€1.3m (2025)
-€1.3m▼ €1.5m
peak €43.0m (2022)
€41.7m▼ 3.0%
€70.1m▼ 13.4%
peak 109.1 FTE (2014)
2.5 FTE▲ 25.0%
Board19 names since 2016all names
4 directors and 3 others
Owners4 names in the annual accounts
100%
Documentsfilings and deeds
16-06-202645 days before the deadline
2025financial year
Turnover from €5.9m to €9.5mLoss of €1.3mStaff from 2 FTE to 2.5 FTECompany renamed from SD Worx Real Estate to WorxEstate 28-08Cash from €104,163 to €6.3m
Key points
from the 2025 annual accountsSecurities
€68.9m
Mortgages, new in 2025. 1.7 times equity · not in the 2024 accounts.
Staff
2.5 FTE from 109.1 in 2014
Between 2014 and 2025, 98% of the full-time equivalents disappeared.
Payment terms
105 days to suppliers
WorxEstate pays its suppliers 11 days earlier than in 2024. Customers pay 32 days later.
Liquidity
2.10 was 0.42 in 2024
Short-term debts fell from €48.8m to €4.9m.
Position in the sector
-€1.3m
Lower net result than 95% of companies in real estate. Sector median €31,544 · 2,104 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 12,322 companies had the same profile as WorxEstate has now. Each dot stands for 31 companies, two years later.
90.3%
were still trading
8.5%
stopped another way
0.7%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
Test of the method
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 WorxEstate. 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
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Signals
Board and ownership
Chair,
Chair,
Managing director,
Director, since 01-01-2022
Director,
Auditor,
- 100%equity €1.15bn (2025) · 2025 annual accounts of
- 100%score equity €1.15bn (2025) · annual accounts 2025
Recent changes
1 director appointed, 4 reappointments
Reappointments: , , and · Appointment: · Permanent representative: · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0861022775
Company renamed from SD Worx Real Estate to WorxEstate
Gazette deed
2 directors appointed, 2 resignations
Resignations: (chair of the board) and · Appointments: (chair of the board) and (managing director) · Permanent representatives: , and · Board meeting of 18-11-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| WorxEstate Antwerp | €9.5m | 5.5% | 37.3% | 2.5 |
| Bermaso Schilde | €7.5m | -34.9% | 44.4% | 2.7 |
| IMMO EURO Roeselare | €5.5m | 85.2% | 44.6% | 2.5 |
| Q-PARK REAL ESTATE BELGIUM Zaventem | €11.2m | 55.2% | 41.6% | 2 |
| Alkimmo Antwerp | €14.1m | 29.8% | 7.2% | 3.2 |
| KALLO INDUSTRIES Antwerp | €21.8m | 48.2% | 21.3% | 4.2 |
| WILLY TANS Woluwe-Saint-Lambert | €8.6m | 18.9% | 22.7% | 3 |
Grey: the largest companies of the sector (real estate (NACE 68)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as WorxEstate: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €135m and €165m, founded between 1978 and 2013.
Official details
Source: KBO- Status
- Active since 13-10-2003Normal situation
- Registered office
- 19 active companies are registered at this address5 started in the 12 months before. Source: KBO register, as of 12 November 2026.
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203and 3 others
- Joint committee
- 323Building management, estate agents and domestic staff · annual accounts 2025
- Establishment units
- 2.287.365.8092800 Mechelen, since 28-03-2019
- 2.372.443.5192000 Antwerp, since 01-12-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 20-11-2025
Annual accounts 2025
- €111.7m▼ 9.8%
- Employeeson 31-12-2025
- 3
- Filing
- Filed on 16-06-2026, 45 days before the end of the filing period
Companies linked to WorxEstate
Parent and group
Insights on WorxEstate
WorxEstate has existed since 2003. The present size dates from 2022. Turnover rose that year from €365,007 to €5.7m. On 1 December 2022 a site was added.
Turnover has grown every year since.
holds all the shares. In December 2024, the Official Gazette published the appointment of as managing director.
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 WorxEstate
- What is the company number of WorxEstate?
- The company number of WorxEstate is 0861.022.775. The VAT number is the same number with BE in front: BE 0861.022.775.
- Where is WorxEstate based?
- The registered office is at 29, 2000 Antwerp.Company details
- What does WorxEstate do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of WorxEstate?
- WorxEstate is a public limited company (NV).
- When was WorxEstate founded?
- WorxEstate was founded on 13-10-2003.
- Is WorxEstate still active?
- Yes, WorxEstate is an active enterprise in the KBO register.
- How many employees does WorxEstate have?
- WorxEstate had an average of 2.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does WorxEstate fall under?
- In its 2025 annual accounts, WorxEstate states joint committee 323 (Building management, estate agents and domestic staff).
- What is the turnover of WorxEstate?
- The turnover of WorxEstate was €9.5m in financial year 2025, according to the filed annual accounts.
- Is WorxEstate profitable?
- In financial year 2025, WorxEstate made a loss of €1.3m.
- Where can I find the annual accounts of WorxEstate?
- WorxEstate filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of WorxEstate due?
- WorxEstate must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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