COMMERCEWORKS
ActiveSummary
COMMERCEWORKS has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-12k) and a net result of €24k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.25 against 0.14 in 2024; short-term debt: 289.3% and cash: 38.4% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-189.7%
Return on assets
394.3%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 31791 sector peers (2025).
NBB · sector comparisonPosition among 31791 sector peers
Solvency
better than 5%
← 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 24-04-2026, 98 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
98 d early
2024
64 d early
2023
30 d late
2022
30 d late
2020
61 d late
2019
35 d early
2018
69 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-12k▲ 67.5%
2024 · €-36k
2018: €3khighest value
2019: €-5k▼ -278% vs 2018
2020: €-26k▼ -390% vs 2019
2022: €-45klowest value
2023: €-43k▲ +3.5% vs 2022
2024: €-36k▲ +16.8% vs 2023
2025: €-12k▲ +67.5% vs 2024
2018 → 2025
Total assets
€6k▲ 1.3%
2024 · €6k
2018: €59khighest value
2019: €10k▼ -82.8% vs 2018
2020: €44k▲ +333% vs 2019
2022: €11k
2023: €3k▼ -75.7% vs 2022lowest value
2024: €6k▲ +125% vs 2023
2025: €6k▲ +1.3% vs 2024
2018 → 2025
Net result
€24k▲ 234%
2024 · €7k
2018: €-18k
2019: €-8k▲ +53.7% vs 2018
2020: €-21k▼ -150% vs 2019lowest value
2022: €-6k
2023: €2k▲ +125% vs 2022
2024: €7k▲ +360% vs 2023
2025: €24k▲ +234% vs 2024highest value
2018 → 2025
Working capital
€-13k▲ 63.1%
2024 · €-36k
2018: €3khighest value
2019: €-8k▼ -372% vs 2018
2020: €-27k▼ -239% vs 2019
2022: €-45klowest value
2023: €-43k▲ +4.2% vs 2022
2024: €-36k▲ +17.5% vs 2023
2025: €-13k▲ +63.1% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202022202320242025Trend
Equity€-26k-€-45k▼ 71.1%€-43k▲ 3.5%€-36k▲ 16.8%€-12k▲ 67.5%
2020: €-26k
2022: €-45klowest value
2023: €-43k▲ +3.5% vs 2022
2024: €-36k▲ +16.8% vs 2023
2025: €-12k▲ +67.5% vs 2024highest value
Operating result€-17k-€-6k▲ 65.0%€2k€8k▲ 233%€25k▲ 224%
2020: €-17klowest value
2022: €-6k
2023: €2k▲ +139% vs 2022
2024: €8k▲ +233% vs 2023
2025: €25k▲ +224% vs 2024highest value
Net result€-21k-€-6k▲ 69.6%€2k€7k▲ 360%€24k▲ 234%
2020: €-21klowest value
2022: €-6k
2023: €2k▲ +125% vs 2022
2024: €7k▲ +360% vs 2023
2025: €24k▲ +234% vs 2024highest value
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2025 is 224% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6k
Fixed assets
€2k ▲ 3,564%
Current assets
€5k ▼ 24.9%
Key figures and ratios
EBITDA
€25k▲
2024 · €8k
Cash flow
€25k▲
2024 · €7k
Solvency
-189.7%▲
2024 · -591.5%
Current ratio
0.25▲
2024 · 0.14
Debt to equity
-1.53▼
2024 · -1.17
ROA
394.3%▲
2024 · 119.5%
Interest coverage
67.64▲
2024 · 25.63
Debt
€18k▼
2024 · €42k
Debt ≤ 1 year
€18k▼
2024 · €42k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€6k€6k▲
Fixed assets21/28€44€2k▲
Tangible fixed assets22/27€44€2k▲
Furniture and vehicles24€44€2k▲
Current assets29/58€6k€5k▼
Amounts receivable within one year40/41€5k€2k▼
Trade receivables40€5k€2k▼
Other amounts receivable41-€26
Cash at bank and in hand54/58€1k€2k▲
Deferred charges and accrued income490/1€82-
Equity and liabilities
Total equity and liabilities10/49€6k€6k▲
Equity10/15€-36k€-12k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Profit (loss) carried forward14€-98k€-74k▲
Amounts payable17/49€42k€18k▼
Amounts payable within one year42/48€42k€18k▼
Financial debts43-€2k
Credit institutions430/8-€2k
Trade debts44€6k€3k▼
Suppliers440/4€6k€3k▼
Taxes, remuneration and social security45€1k€373▼
Taxes450/3€1k€373▼
Other amounts payable47/48€35k€13k▼
Accrued charges and deferred income492/3-€22
Income statement
Code20242025
Remuneration, social security and pensions62€119-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€102€337▲
Other operating charges640/8€533€400▼
Gross operating margin9900€8k€25k▲
Operating profit (loss)9901€8k€25k▲
Financial income75/76B€103-
Recurring financial income75€103-
Financial charges65/66B€299€368▲
Recurring financial charges65€299€368▲
Profit (loss) for the period before taxes9903€7k€24k▲
Income taxes67/77€137-
Profit (loss) for the period9904€7k€24k▲
Profit (loss) for the period to be appropriated9905€7k€24k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-98k€-74k▲
Profit (loss) brought forward from the previous period14P€-105k€-98k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €4k | €111 | €119 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €328 | €328 | €102 | €337 | ▲ 231% |
| Other operating charges640/8 | - | €674 | €384 | €533 | €400 | ▼ 25.1% |
| Gross operating margin9900 | €-15k | €-496 | €3k | €8k | €25k | ▲ 204% |
| Operating profit (loss)9901 | €-17k | €-6k | €2k | €8k | €25k | ▲ 224% |
| Financial income75/76B | - | - | - | €103 | - | - |
| Recurring financial income75 | €18 | - | - | €103 | - | - |
| Financial charges65/66B | - | €296 | €462 | €299 | €368 | ▲ 22.9% |
| Recurring financial charges65 | €4k | €296 | €462 | €299 | €368 | ▲ 22.9% |
| Profit (loss) for the period before taxes9903 | €-21k | €-6k | €2k | €7k | €24k | ▲ 228% |
| Income taxes67/77 | €71 | €198 | €236 | €137 | - | - |
| Profit (loss) for the period9904 | €-21k | €-6k | €2k | €7k | €24k | ▲ 234% |
| Profit (loss) for the period to be appropriated9905 | €-21k | €-6k | €2k | €7k | €24k | ▲ 234% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €44k | €11k | €3k | €6k | €6k | ▲ 1.3% |
| Fixed assets21/28 | €1k | €720 | €392 | €44 | €2k | ▲ 3,564% |
| Tangible fixed assets22/27 | €1k | €620 | €292 | €44 | €2k | ▲ 3,564% |
| Furniture and vehicles24 | - | €620 | €292 | €44 | €2k | ▲ 3,564% |
| Financial fixed assets28 | - | €100 | €100 | - | - | - |
| Current assets29/58 | €43k | €10k | €2k | €6k | €5k | ▼ 24.9% |
| Stocks and contracts in progress3 | €814 | €1k | €885 | - | - | - |
| Stocks30/36 | - | €1k | €885 | - | - | - |
| Amounts receivable within one year40/41 | €1k | €3k | €928 | €5k | €2k | ▼ 53.4% |
| Trade receivables40 | - | €491 | €508 | €5k | €2k | ▼ 54.0% |
| Other amounts receivable41 | - | €3k | €420 | - | €26 | - |
| Cash at bank and in hand54/58 | €40k | €6k | €259 | €1k | €2k | ▲ 83.4% |
| Deferred charges and accrued income490/1 | - | €213 | €222 | €82 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €44k | €11k | €3k | €6k | €6k | ▲ 1.3% |
| Equity10/15 | €-26k | €-45k | €-43k | €-36k | €-12k | ▲ 67.5% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | - | €62k | €62k | €62k | €62k | = |
| Issued capital100 | - | €62k | €62k | €62k | €62k | = |
| Profit (loss) carried forward14 | €-88k | €-107k | €-105k | €-98k | €-74k | ▲ 24.7% |
| Amounts payable17/49 | €70k | €56k | €46k | €42k | €18k | ▼ 57.6% |
| Amounts payable within one year42/48 | €70k | €56k | €46k | €42k | €18k | ▼ 57.6% |
| Financial debts43 | - | - | - | - | €2k | - |
| Credit institutions430/8 | - | - | - | - | €2k | - |
| Trade debts44 | €2k | €10k | €8k | €6k | €3k | ▼ 49.9% |
| Suppliers440/4 | - | €10k | €8k | €6k | €3k | ▼ 49.9% |
| Taxes, remuneration and social security45 | - | €362 | €453 | €1k | €373 | ▼ 68.0% |
| Taxes450/3 | - | €362 | €453 | €1k | €373 | ▼ 68.0% |
| Other amounts payable47/48 | - | €45k | €38k | €35k | €13k | ▼ 63.3% |
| Accrued charges and deferred income492/3 | - | - | - | - | €22 | - |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-21k | €-6k | €2k | €7k | €24k | ▲ 234% |
| + Depreciation and write-downs630 | €1k | €328 | €328 | €102 | €337 | ▲ 231% |
| Operating cash flow (approximation) | €-19k | €-6k | €2k | €7k | €25k | ▲ 234% |
| Investment in fixed assets (approximation) | - | - | €0 | €246 | €-2k | ▼ 876% |
| Change in cash | - | - | €-6k | €1k | €1k | ▲ 4.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €24k ▲234%
Operating result €25k, net result €24k, both a record.
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €2k
Net result €2k after 4 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Weakest financial yearnet €-21k
Net result drops to €-21k, the lowest in the series; recovery starts the following year.
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
23-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 2 days late
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Waterloo · 1 establishment unit since 2020
Ground area
1,042 m²
Building footprint
179 m²
Volume, LiDAR
1,041 m³
Parcel 25764N0708/00_000, Wallonia · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Simply Hooked
since 20202.306.190.044
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25764N0708/00_000 | Wallonia | 1,042 m² | 1 · 179 m² | 7.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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SYLVESTRIS
BE 1023.951.596
Dinant · Eq €2,979
DJAZINVEST
BE 0755.927.235
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LINGUANA
BE 0848.657.651
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 11,165 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded02-01-2001
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.