CABLE@WORK
ActiveSummary
CABLE@WORK has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.1m and a net result of -€414,158. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 34% of 5,766 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €3.1m
- Loss
- -€414,158
- Parent
- IRET INVESTMENT · 100%
Why 90raises riskLiquidity: current ratio 0.01, cash €106,952Loss of €414,158, the second in a row (financial year 2025)lowers riskSize: total assets €14.9mFigures for financial year 2025 (filed 01-07-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 68, medium-sized): better than 43% on solvency, 8% on liquidity, 15% on profitability and 19% on growth.
The bankruptcy probability was computed on 26-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 33 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Annual accounts filedfinancial year 2024 · abbreviated…
- Appointments: EY Bedrijfsrevisoren BV (statutory auditor)…Permanent representatives: Ömer Turna and…
Financials · financial year 2025, full format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result turns negative in 2025: a loss of €59,068 after €87,931 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
- 2025 Net result -59% on 2024. The accounts now follow the full format, last year the abbreviated format.
Peer companies
Historical observationOf the 371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 97.3% are still going.
- Medium-sized
- 20 years or older
- solvency 10 to 30%
- a small loss
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 371 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €0.2m | €0.1m | ▼ 54.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.1m | €0.03m | €0.03m | €0.03m | €0.2m | €0.3m | €0.3m | €0.3m | ▲ 1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | - | €0.007m | - |
| Other operating charges640/8 | - | - | - | €0.09m | €0.1m | €0.07m | €0.08m | €0.1m | ▲ 18.9% |
| Gross operating margin9900 | €0.04m | €0.2m | €204 | €0.05m | €0.001m | €0.06m | €0.5m | €0.3m | ▼ 25.6% |
| Operating profit (loss)9901 | -€0.1m | €0.1m | -€2.0m | -€0.07m | -€0.3m | -€0.3m | €0.09m | -€0.06m | - |
| Financial income75/76B | - | - | - | €85 | €0 | - | - | - | - |
| Recurring financial income75 | €0.001m | €0.001m | - | €85 | €0 | - | - | - | - |
| Financial charges65/66B | - | - | - | €0.1m | €0.5m | €0.6m | €0.3m | €0.4m | ▲ 1.9% |
| Recurring financial charges65 | €0.2m | €0.05m | €0.1m | €0.1m | €0.5m | €0.6m | €0.3m | €0.4m | ▲ 1.9% |
| Profit (loss) for the period before taxes9903 | -€0.3m | €0.06m | -€2.1m | -€0.2m | -€0.7m | -€0.9m | -€0.3m | -€0.4m | ▼ 58.9% |
| Profit (loss) for the period9904 | -€0.3m | €0.06m | -€2.1m | -€0.2m | -€0.7m | -€0.9m | -€0.3m | -€0.4m | ▼ 58.9% |
| Profit (loss) for the period to be appropriated9905 | -€0.3m | €0.06m | -€2.1m | -€0.2m | -€0.7m | -€0.9m | -€0.3m | -€0.4m | ▼ 58.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €3.9m | €4.3m | €2.9m | €3.7m | €15.0m | €14.8m | €15.1m | €14.9m | ▼ 1.4% |
| Fixed assets21/28 | €3.9m | €0.7m | €0.5m | €3.7m | €15.0m | €14.8m | €15.0m | €14.8m | ▼ 1.7% |
| Tangible fixed assets22/27 | €3.9m | €0.7m | €0.5m | €3.7m | €15.0m | €14.8m | €15.0m | €14.8m | ▼ 1.7% |
| Land and buildings22 | - | - | - | €0.8m | €13.1m | €12.9m | €13.0m | €12.7m | ▼ 2.4% |
| Assets under construction and advance payments27 | - | - | - | €2.9m | €1.8m | €1.9m | €2.0m | €2.1m | ▲ 2.4% |
| Current assets29/58 | €0.009m | €3.6m | €2.4m | €0.004m | €0.04m | €0.01m | €0.08m | €0.1m | ▲ 51.0% |
| Stocks and contracts in progress3 | - | €3.6m | €2.4m | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | - | - | - | - | €0.001m | - | €0.02m | €0.02m | ▼ 1.0% |
| Trade receivables40 | - | - | - | - | - | - | €0.02m | €0.02m | ▼ 1.0% |
| Other amounts receivable41 | - | - | - | - | €0.001m | - | - | - | - |
| Cash at bank and in hand54/58 | €0.008m | €0.008m | €0.009m | €0.004m | €0.04m | €0.01m | €0.06m | €0.1m | ▲ 65.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €3.9m | €4.3m | €2.9m | €3.7m | €15.0m | €14.8m | €15.1m | €14.9m | ▼ 1.4% |
| Equity10/15 | -€2.3m | -€2.3m | -€4.4m | -€4.5m | -€5.3m | €3.8m | €3.5m | €3.1m | ▼ 11.7% |
| Contributions10/11 | €2.0m | €2.0m | €2.0m | €2.0m | €2.0m | €12.0m | €12.0m | €12.0m | = |
| Capital10 | - | - | - | €2.0m | €2.0m | €12.0m | €12.0m | €12.0m | = |
| Issued capital100 | - | - | - | €2.0m | €2.0m | €12.0m | €12.0m | €12.0m | = |
| Profit (loss) carried forward14 | -€4.3m | -€4.3m | -€6.4m | -€6.6m | -€7.3m | -€8.2m | -€8.5m | -€8.9m | ▼ 4.9% |
| Amounts payable17/49 | €6.2m | €6.6m | €7.3m | €8.3m | €20.3m | €11.1m | €11.6m | €11.8m | ▲ 1.7% |
| Amounts payable within one year42/48 | €6.2m | €6.6m | €7.3m | €8.3m | €20.3m | €11.1m | €11.6m | €11.8m | ▲ 1.7% |
| Trade debts44 | €0.03m | €0.006m | €0.006m | €0.006m | €0.04m | €0.08m | €0.06m | €0.07m | ▲ 22.7% |
| Suppliers440/4 | - | - | - | €0.006m | €0.04m | €0.08m | €0.06m | €0.07m | ▲ 22.7% |
| Advances received on contracts in progress46 | - | - | - | - | - | - | - | €0.009m | - |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.03m | €0.02m | €0.02m | €0.03m | ▲ 17.0% |
| Taxes450/3 | - | - | - | €0.02m | €0.03m | €0.02m | €0.02m | €0.03m | ▲ 17.0% |
| Other amounts payable47/48 | - | - | - | €8.3m | €20.2m | €11.0m | €11.5m | €11.7m | ▲ 1.5% |
| Accrued charges and deferred income492/3 | - | - | - | €0.001m | - | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.3m | €0.06m | -€2.1m | -€0.2m | -€0.7m | -€0.9m | -€0.3m | -€0.4m | ▼ 58.9% |
| + Depreciation and write-downs630 | €0.1m | €0.03m | €0.03m | €0.03m | €0.2m | €0.3m | €0.3m | €0.3m | ▲ 1.3% |
| Operating cash flow (approximation) | -€0.2m | €0.09m | -€2.1m | -€0.2m | -€0.6m | -€0.6m | €0.04m | -€0.1m | - |
| Investment in fixed assets (approximation) | - | €3.2m | €0.1m | -€3.2m | -€11.4m | -€0.2m | -€0.5m | -€0.05m | ▲ 90.1% |
| Change in cash | - | -€353 | €0.001m | -€0.006m | €0.03m | -€0.02m | €0.05m | €0.04m | ▼ 15.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 23 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 01-07-2026 | 2026-00247955 |
| 31-12-2024 | abbreviated format | 03-07-2025 | 2025-00240102 |
| 31-12-2023 | abbreviated format | 28-06-2024 | 2024-00203089 |
| 31-12-2022 | abbreviated format | 07-06-2023 | 2023-00116543 |
| 31-12-2021 | abbreviated format | 06-07-2022 | 2022-20180752 |
| 31-12-2020 | abbreviated format | 21-06-2021 | 2021-22000151 |
| 31-12-2019 | abbreviated format | 09-07-2020 | 2020-28000450 |
| 31-12-2018 | abbreviated format | 11-07-2019 | 2019-31500281 |
| 31-12-2017 | full format | 31-08-2018 | 2018-60700554 |
| 31-12-2016 | full format | 31-08-2017 | 2017-59300470 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Day-to-day management 1
Permanent representatives 1
Statutory auditor 1
Not every act has been read: a resignation may still be missing
Mandate history
- Day-to-day management
- Statutory auditor
| Name | Functions and periods |
|---|---|
| INTERGERIM |
|
| Ernst et Young Reviseurs d'Entreprises |
|
Owners and capital
Owners
1 ownerChain of control
- IRET INVESTMENT
- CABLE@WORK
Highest known parent: IRET INVESTMENT. The sources do not say who stands above it.
Owners 1
- IRET INVESTMENTparent100%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- IRET INVESTMENT (BE 0447.846.129) €10,000,000 · deel schuldvordering
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 28-12-2023 Capital increase of €10,000,000 · no new shares · in kind
Group and network
Connections & network
38 connected companiesShow 34 more companies with a shared director
History
Acts, filings and financial milestones
13-08
Gazette deed
Appointments: EY Bedrijfsrevisoren BV (statutory auditor) and INTERGERIM NV (managing director)Permanent representatives: Ömer Turna and Eric DE VOCHT · Power of attorney7 facts ▸
- General meeting, 04-06-2024
- Auditor appointment, EY Bedrijfsrevisoren BV (statutory auditor)
- Permanent representative, Ömer Turna
- Power of attorney
- Board meeting, 07-05-2024
- Director appointment, INTERGERIM NV (managing director)
- Permanent representative, Eric DE VOCHT
28-12
Gazette deed
Amendment of the articlesAuditor report · Approval · Capital increase13 facts ▸
- General meeting, 20-12-2023
- Other provision, “aanpassing statuten aan WVV met behoud rechtsvorm NV, statuten aanpassen aan WVV” (deed in Dutch)
- Other provision, “kennisname verslagen inbreng in natura schuldvordering, bijzonder verslag raad van bestuur artikelen 7:179 juncto 7:197 WVV” (deed in Dutch)
- Auditor report, “Diegem, neerlegging griffie ondernemingsrechtbank en bekendmaking” (deed in Dutch)
- Approval, “bijzonder verslag raad van bestuur en verslag bedrijfsrevisor” (deed in Dutch)
- Capital increase, €10,000,000
- Capital contribution, €10,000,000
- Capital, €12,020,000 (2 times)
- Amendment of the articles, 5
- Amendment of the articles
- Power of attorney, Matthias Moortgat
- Registered office clause, “Lange Gasthuisstraat 35-37, Zevende besluit” (deed in Dutch)
- +1 further fact in this act
Show earlier events
About the unread acts
Of the 10 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11803C2473/00B000 | Flanders | 3,340 m² | 1 · 558 m² | 16.5 m · 4 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- CABLE@WORK
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “3, algemene vergadering kan mandaat elke bestuurder te allen tijde zonder opgave van redenen met onmiddellijke ingang beëindigen” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, register van aandelen op naam op vennootschapszetel” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Tuesday of June at 11:30
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Algemene vergadering, zoals inzake statutenwijziging” (deed in Dutch)