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Contract Workers

Active
Private limited company (pre-2019)founded 2011active for 15 yearsKoekelbronstraat 29, 3840 Tongeren-Borgloon, BelgiumKBO/BCE: BE 0838.254.105
Summary

Contract Workers has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €56,451 and a net result of €42,513. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 48% of 34,483 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 1.4% (low).

Overview

Activity
Joinery installation
NACE 43320
1 site
Size
€124,560total assets 2025
Equity
€56,451
Profit
€42,513
Turnover not published (micro format)
Financial health
65 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
1.4%
Structure
Accounts filed 60 days late0 of 6 deeds read
Why 65raises riskLatest accounts 60 days late; 3 of the last 3 lateSize: total assets €124,560Sector: Specialised construction activities (NACE 43)lowers riskFounded in 2011Show the evidence

Checked score

Score 2025
65 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 62% of its sector peers (NACE 43, micro)
Financial strength · tick = 2024
Strong
Solvency 70+10
equity 45.3% of total assets
Liquidity 33-4
short-term debt 42.0% · cash 2.5%
Profitability 100=
return on assets 34.1%
Bankruptcy probability, 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,585 companies, NACE 43, micro)
Last 24 months 11-2024: 1.9% 12-2024: 1.9%● unchanged vs 11-2024 01-2025: 1.9%● unchanged vs 12-2024 02-2025: 1.7%▼ -0.2 percentage points vs 01-2025 03-2025: 1.7%● unchanged vs 02-2025 04-2025: 1.7%● unchanged vs 03-2025 05-2025: 1.7%● unchanged vs 04-2025 06-2025: 1.7%● unchanged vs 05-2025 07-2025: 1.9%▲ +0.2 percentage points vs 06-2025 08-2025: 2.3%▲ +0.4 percentage points vs 07-2025 09-2025: 2.7%▲ +0.4 percentage points vs 08-2025 10-2025: 3.1%▲ +0.4 percentage points vs 09-2025highest value 11-2025: 1.1%▼ -2.0 percentage points vs 10-2025 12-2025: 1.1%● unchanged vs 11-2025 01-2026: 1.1%● unchanged vs 12-2025 02-2026: 1.0%▼ -0.1 percentage points vs 01-2026 03-2026: 1.0%● unchanged vs 02-2026 04-2026: 1.0%● unchanged vs 03-2026 05-2026: 1.0%● unchanged vs 04-2026 06-2026: 1.0%● unchanged vs 05-2026lowest value 07-2026: 1.0%● unchanged vs 06-2026 08-2026: 1.6%▲ +0.6 percentage points vs 07-2026 09-2026: 1.8%▲ +0.2 percentage points vs 08-2026 10-2026: 1.4%▼ -0.4 percentage points vs 09-2026
Credit of up to €3,500 on 30-day terms is acceptable
Liquidity ample (current ratio 2.38, compared with 2.21 in 2024, above the usual 1.5; short-term debt: 42% and cash: 2.5% of total assets), but 54.7% of the assets are financed with debt and provisions.
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 43, micro): better than 49% on solvency, 21% on liquidity, 92% on profitability and 86% on growth.

The bankruptcy probability was computed on 20-10-2026 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

Six signals.
lowers riskraises riskneutral
raises risk · Latest accounts 60 days late; 3 of the last 3 late
NBB · filings
raises risk · Size: total assets €124,560
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Founded in 2011
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €56,451
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-09-2026, 60 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
60 days late
2024
61 days late
2023
61 days late
2022
87 days late
2021
75 days late
2020
82 days late
2019
90 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 74 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% 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 1 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
21-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Annual accounts filedfinancial year 2024 · micro…
  3. Highest result from 2018 to 2025net €44,253 ▲91.3%

Key points

  • Positive: Among the best 17% on net resultsector median €10,252 · 34,470 companies €42,513 View
  • Total assets 20256 financial years filed €124,560 View
  • Active since 2011founded 01-08-2011 15 years View

By topic

Financials

Financial year
2025
Total assets
€124,560
Profit
€42,513
Solvency
45.3%
Total assets▲ 22.6%
Net result
20182025
Go to Financials

Timeline

Events
17
Since
2013
Next accounts
by 31-07-2027
  1. 30-09-2024Annual accounts filed
  2. 26-10-2023Annual accounts filed
  3. 31-12-2022Back to profit
Go to Timeline

Company details

Sites
1
Legal form
Private limited company (pre-2019)
Activity
Joinery installationNACE 43320
Founded
01-08-2011
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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