CHECK WORKS
ActiveThe computed 12-month bankruptcy probability of CHECK WORKS is 2.2% (moderate). The 2024 annual accounts show equity of €450k and a net result of €123k. Equity is growing by ~18.8% per year across the filed fiscal years. Its solvency ranks better than 80% of 7447 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability93▼-7
Solvency95▲+29
Growth52▲+10
Track record94
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days only on tighter terms
Liquidity ample (current ratio 2.99 against 1.68 in 2023; short-term debt: 29.9% and cash: 24.2% of total assets), and 29.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
70.1%
Return on assets
19.2%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-01-2026, 183 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
183 d late
2023
61 d late
2022
295 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€450k▲ 37.6%
2023 · €327k
2022: €327k
2023: €327k
2022 → 2024
Total assets
€642k▼ 18.6%
2023 · €789k
2022: €499k
2023: €789k
2022 → 2024
Net result
€123k▼ 39.0%
2023 · €202k
2022: €305k
2023: €202k
2022 → 2024
Working capital
€382k▲ 22.1%
2023 · €313k
2022: €304k
2023: €313k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€327k-€327k=€450k▲ 37.6%
Operating result€446k-€273k▼ 38.8%€215k▼ 21.1%
Net result€305k-€202k▼ 34.0%€123k▼ 39.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 21% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €642k
Fixed assets
€68k▲ 295%
Current assets
€574k▼ 25.6%
Equity and liabilities €642k
Equity
€450k▲ 37.6%
Debt
€192k▼ 58.5%
The debt ratio falls from 58.5% to 29.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€233k▼
2023 · €282k
Cash flow
€140k▼
2023 · €211k
Solvency
70.1%▲
2023 · 41.5%
Current ratio
2.99▲
2023 · 1.68
Quick ratio
2.99▲
2023 · 1.68
Debt / equity
0.43▼
2023 · 1.41
ROE
27.3%▼
2023 · 61.6%
ROA
19.2%▼
2023 · 25.6%
Interest coverage
74.26▲
2023 · 47.03
Debt
€192k▼
2023 · €462k
Debt ≤ 1 year
€192k▼
2023 · €459k
Income taxes
€91k▲
2023 · €67k
Staff costs
€12k▲
2023 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€789k€642k▼
Fixed assets21/28€17k€68k▲
Tangible fixed assets22/27€17k€68k▲
Plant, machinery and equipment23€3k€3k▼
Furniture and vehicles24€14k€65k▲
Current assets29/58€772k€574k▼
Amounts receivable after more than one year29-€134k
Other amounts receivable291-€134k
Amounts receivable within one year40/41€578k€285k▼
Trade receivables40€408k€280k▼
Other amounts receivable41€170k€5k▼
Cash at bank and in hand54/58€194k€155k▼
Equity and liabilities
Total equity and liabilities10/49€789k€642k▼
Equity10/15€327k€450k▲
Contributions10/11€22k€22k=
Reserves13€305k€428k▲
Distributable reserves133€305k€428k▲
Amounts payable17/49€462k€192k▼
Amounts payable within one year42/48€459k€192k▼
Trade debts44€41k€20k▼
Suppliers440/4€41k€20k▼
Taxes, remuneration and social security45€216k€172k▼
Taxes450/3€216k€171k▼
Remuneration and social security454/9-€1k
Other amounts payable47/48€202k€487▼
Accrued charges and deferred income492/3€3k-
Income statement
Code20232024
Remuneration, social security and pensions62€11k€12k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€17k▲
Other operating charges640/8€9k€8k▼
Gross operating margin9900€302k€253k▼
Operating profit (loss)9901€273k€215k▼
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€493▼
Non-recurring financial income76B-€1k
Financial charges65/66B€6k€3k▼
Recurring financial charges65€6k€3k▼
Profit (loss) for the period before taxes9903€268k€214k▼
Income taxes67/77€67k€91k▲
Profit (loss) for the period9904€202k€123k▼
Profit (loss) for the period to be appropriated9905€202k€123k▼
Appropriation of the result
Profit (loss) to be appropriated9906€202k€123k▼
Transfer to equity691/2-€123k
To other reserves6921-€123k
Profit to be distributed694/7€202k-
Return on contributions (dividend)694€202k-
Social balance
Average headcount (FTE)90870.40.5▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 183 days late
2024
31-12
Financial
Weakest financial yearnet €123k ▼39%
Net result drops to €123k, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
21-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 295 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are 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, Maaseik · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Ziepstraat 53680 MaaseikGround area
1,482 m²
Building footprint
378 m²
Volume, LiDAR
1,789 m³
Parcel 72024C0044/00B002, Flanders · tallest building 10.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
CHECK WORKS
since 20212.317.190.834
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72024C0044/00B002 | Flanders | 1,482 m² | 1 · 378 m² | 10.6 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 730 EUR awarded · 730 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 730 EUR | 730 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
CH-Construct
BE 0808.130.655
Assenede · Eq €450k
ADESKO
BE 0445.020.558
Dessel · Eq €450k
D - INTERIEUR
BE 0463.050.284
Estaimpuis · Eq €451k
ALUMINIUMCONSTRUCTIE VANDEMAELE
BE 0425.697.267
Wevelgem · Eq €450k
ALGEMENE ONDERNEMINGEN SCHOLLIER
BE 0419.043.859
Nieuwpoort · Eq €449k
Of 20,030 companies in sector 43320 we hold annual accounts for 9,135. 6,188 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-04-2021
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
68122Development of non-residential building projects
43230Insulation installation
43291Specialised construction activities
43310Plastering work
43331Floor and wall tiling
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:joris.checkworks@gmail.com