Active BE 0838.254.105Private limited company (pre-2019)

Contract Workers

Koekelbronstraat 29 ·3840 Tongeren-Borgloon, Belgium· 15 yrs active

Sector: Joinery installation (43320)

Conclusion Checked

Contract Workers has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €35k and a net result of €44k. Its solvency ranks better than 42% of 11123 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€35k
Net result	€44k
Better than sector	42%
Active	15 yrs

Financial profile 5 of 5 axes measured · computed by Checked

88 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 86

Profitability 100

Solvency 76

Growth 78

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

1.0% Low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Established

Founded in 2011, 15 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2024 · computed

86 / 100 Excellent

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview13 NBB filings

Annual accounts filed on 30-09-2025 with the NBB · fiscal year 2024 · micro schema

Operating resultNet result

Sector comparison

Fiscal year 2024 · NACE 43, Specialised construction activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	34.6%	40.8%	better than 42% of 11123 sector peers
Net result	€44k	€11k	better than 84% of 11107 sector peers
Equity	€35k	€34k	better than 51% of 11128 sector peers
Gross operating margin	€52k	€35k	better than 64% of 11096 sector peers
Total assets	€102k	€94k	better than 53% of 11123 sector peers

EBITDA

€26k

- 23-24

Net profit

€44k

+91.3% 23-24

Cash flow

€23k

- 23-24

Total assets

€102k

+46.4% 23-24

Equity

€35k

+122.8% 23-24

Working capital

€56k

+80.7% 23-24

Income taxes

€6k

+318.9% 23-24

Debt

€66k

+23.9% 23-24

Debt ≤ 1y

€46k

+19.1% 23-24

Debt > 1y

€20k

+36.4% 23-24

Current ratio

2.21

+22.9% 23-24

Quick ratio

2.21

+22.9% 23-24

Solvency

34.6%

+52.2% 23-24

Debt / equity

1.89

-44.4% 23-24

ROE

126.0%

-14.1% 23-24

ROA

43.6%

+30.7% 23-24

Interest coverage

13.76

- 23-24

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro schema
Revenue	-
EBITDA	-
Net profit	€44k
Cash flow	-
Staff costs	-
Income taxes	€6k
Dividends	-
Total assets	€102k
Equity	€35k
Debt	€66k
of which ≤ 1y	€46k
of which > 1y	€20k
Working capital	€56k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	2.21
Quick ratio	2.21
Working capital ratio	54.7%
Solvency	34.6%
Debt / equity	1.89
Long-term debt ratio	0.58
Interest coverage	-
Gross margin	-
Net margin	-
ROA	43.6%
ROE	126.0%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

This table shows the latest fiscal year. 1 prior year, with figures and ratios, belongs to a paid plan. See plans →

Balance-sheet composition 2024

Equity & liabilities

Equity €35k · 34.6% Debt €66k · 65.4%

Full annual accounts (21 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€102k
Current assets	29/58	€102k
Amounts receivable within one year	40/41	€58k
Cash & bank	54/58	€7k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€102k
Equity	10/15	€35k
Contributions / capital	10/11	€19k
Reserves	13	€3k
Accumulated profits (losses)	14	€14k
Amounts payable	17/49	€66k
Amounts payable after one year	17	€20k
Amounts payable within one year	42/48	€46k
Trade debts payable within one year	44	€27k
Income statement
Gross operating margin	9900	€52k
Operating result	9901	€50k
Financial income	75	€2k
Financial charges	65	€2k
Result before taxes	9903	€50k
Income taxes	67/77	€6k
Net result for the period	9904	€44k
Result to be appropriated	9905	€44k

Legal Structure

NACE primary	Joinery installation(43320)
Legal form	Private limited company (pre-2019)(015)
Incorporation	01-08-2011
Status	Active
Postal code	3840

Establishment units 1 location

Koekelbronstraat 29, 3840 Tongeren-Borgloon

Manufacture of fabricated metal products, except machinery and equipment

since 20112.201.244.160

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
73010A0407/00N000	Flanders	547 m²	1 · 134 m²	7.0 m · 1 fl.

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.

Updates 10 events

All 10Filings 10

2025

30-09