CRAFTWORKZ
InactiveInactive; last annual accounts for fiscal year 2024.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€1,970
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-07-2025, 24 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
24 d early
2023
20 d early
2022
2 d late
2021
2 d late
2020
26 d early
2019
22 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 15 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Turnover
€132,008▼ 73.8%
2023 · €503,924
EBIT margin
-61.8%▼ 70.6pp
2023 · 8.8%
Net result
-€82,380
2023 · €44,887
Working capital
-€8,882
2023 · €198,250
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€2.4m▲ 2.6%€1.0m▼ 58.2%€475,379▼ 53.2%€503,924▲ 6.0%€132,008▼ 73.8%
Operating result€69,013▼ 65.3%-€64,499-€25,849▲ 59.9%€44,204-€81,562
Net result€39,254▼ 73.8%-€68,165-€26,932▲ 60.5%€44,887-€82,380
EBIT margin2.8%▼ 5.6pp-6.4%▼ 9.2pp-5.4%▲ 0.9pp8.8%▲ 14.2pp-61.8%▼ 70.6pp
Equity€260,620▲ 17.7%€192,455▼ 26.2%€165,523▼ 14.0%€210,410▲ 27.1%-€1,970
Total assets€1.0m▲ 28.2%€336,205▼ 67.5%€210,687▼ 37.3%€335,834▲ 59.4%€27,409▼ 91.8%
Debt€773,077▲ 32.2%€143,750▼ 81.4%€45,164▼ 68.6%€125,423▲ 178%€29,379▼ 76.6%
Working capital€254,279▲ 7.2%€186,287▼ 26.7%€163,042▼ 12.5%€198,250▲ 21.6%-€8,882
Staff (FTE)11.7▼ 24.5%5.8▼ 50.4%3.6▼ 37.9%2▼ 44.4%1▼ 50.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €81,562 after €44,204 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €27,409
Fixed assets
€6,912 ▼ 43.2%
Current assets
€20,497 ▼ 93.7%
Key figures and ratios
EBITDA
-€76,314▼
2023 · €47,786
Cash flow
-€77,132▼
2023 · €48,469
Solvency
-7.2%▼
2023 · 62.7%
Current ratio
0.70▼
2023 · 2.58
Debt to equity
-14.91▼
2023 · 0.60
ROA
-300.6%▼
2023 · 13.4%
Interest coverage
-46.39▼
2023 · 24.36
Debt ≤ 1 year
€29,379▼
2023 · €125,423
Income taxes
€222▼
2023 · €230
Staff costs
€69,286▼
2023 · €110,873
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €2.4m | €1.0m | €475,379 | €503,924 | €132,008 | ▼ 73.8% |
| Non-recurring operating income76A | - | €455 | €137 | - | €124 | - |
| Goods, raw materials, services and sundry goods60/61 | - | €851,365 | €250,898 | €355,858 | €139,968 | ▼ 60.7% |
| Remuneration, social security and pensions62 | - | €254,628 | €176,548 | €110,873 | €69,286 | ▼ 37.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,350 | €4,235 | €2,211 | €3,582 | €5,248 | ▲ 46.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €61,401 | -€61,401 | - | - | - |
| Other operating charges640/8 | - | €2,055 | €2,335 | €1,183 | €1,735 | ▲ 46.6% |
| Gross operating margin9900 | €685,503 | €257,820 | €93,844 | €159,842 | -€5,293 | ▼ 103% |
| Operating profit (loss)9901 | €69,013 | -€64,499 | -€25,849 | €44,204 | -€81,562 | ▼ 285% |
| Financial income75/76B | - | €405 | €213 | €2,874 | €1,049 | ▼ 63.5% |
| Recurring financial income75 | €482 | €405 | €213 | €2,874 | €1,049 | ▼ 63.5% |
| Financial charges65/66B | - | €3,240 | €2,287 | €1,961 | €1,645 | ▼ 16.1% |
| Recurring financial charges65 | €8,880 | €3,240 | €2,287 | €1,961 | €1,645 | ▼ 16.1% |
| Profit (loss) for the period before taxes9903 | €60,616 | -€67,335 | -€27,923 | €45,117 | -€82,159 | ▼ 282% |
| Income taxes67/77 | €21,362 | €831 | -€991 | €230 | €222 | ▼ 3.7% |
| Profit (loss) for the period9904 | €39,254 | -€68,165 | -€26,932 | €44,887 | -€82,380 | ▼ 284% |
| Profit (loss) for the period to be appropriated9905 | €39,254 | -€68,165 | -€26,932 | €44,887 | -€82,380 | ▼ 284% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.0m | €336,205 | €210,687 | €335,834 | €27,409 | ▼ 91.8% |
| Fixed assets21/28 | €6,341 | €6,168 | €2,481 | €12,160 | €6,912 | ▼ 43.2% |
| Tangible fixed assets22/27 | €6,341 | €6,168 | €2,481 | €12,160 | €6,912 | ▼ 43.2% |
| Plant, machinery and equipment23 | - | €6,168 | €2,481 | €12,160 | €6,912 | ▼ 43.2% |
| Current assets29/58 | €1.0m | €330,037 | €208,206 | €323,674 | €20,497 | ▼ 93.7% |
| Stocks and contracts in progress3 | €9,206 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €979,170 | €306,097 | €200,256 | €315,787 | €12,909 | ▼ 95.9% |
| Trade receivables40 | - | €116,646 | €83,357 | €91,647 | €4,529 | ▼ 95.1% |
| Other amounts receivable41 | - | €189,451 | €116,899 | €224,140 | €8,380 | ▼ 96.3% |
| Cash at bank and in hand54/58 | €29,865 | €22,020 | €5,360 | €6,701 | €6,754 | ▲ 0.8% |
| Deferred charges and accrued income490/1 | - | €1,920 | €2,591 | €1,186 | €835 | ▼ 29.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.0m | €336,205 | €210,687 | €335,834 | €27,409 | ▼ 91.8% |
| Equity10/15 | €260,620 | €192,455 | €165,523 | €210,410 | -€1,970 | ▼ 101% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €198,200 | €131,200 | €103,200 | €148,200 | €6,200 | ▼ 95.8% |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | - | €125,000 | €97,000 | €142,000 | - | - |
| Profit (loss) carried forward14 | €420 | -€745 | €323 | €210 | -€70,170 | ▼ 33,452% |
| Amounts payable17/49 | €773,077 | €143,750 | €45,164 | €125,423 | €29,379 | ▼ 76.6% |
| Amounts payable within one year42/48 | €773,077 | €143,750 | €45,164 | €125,423 | €29,379 | ▼ 76.6% |
| Trade debts44 | €620,371 | €125,357 | €21,046 | €106,769 | €11,716 | ▼ 89.0% |
| Suppliers440/4 | - | €125,357 | €21,046 | €106,769 | €11,716 | ▼ 89.0% |
| Advances received on contracts in progress46 | - | €2,922 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €15,471 | €24,118 | €18,654 | €11,825 | ▼ 36.6% |
| Taxes450/3 | - | - | €3,696 | €2,591 | €218 | ▼ 91.6% |
| Remuneration and social security454/9 | - | €15,471 | €20,422 | €16,063 | €11,607 | ▼ 27.7% |
| Other amounts payable47/48 | - | - | - | - | €5,838 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,254 | -€68,165 | -€26,932 | €44,887 | -€82,380 | ▼ 284% |
| + Depreciation and write-downs630 | €11,350 | €4,235 | €2,211 | €3,582 | €5,248 | ▲ 46.5% |
| Operating cash flow (approximation) | €50,603 | -€63,930 | -€24,721 | €48,469 | -€77,132 | ▼ 259% |
| Investment in fixed assets (approximation) | - | -€4,062 | €1,477 | -€13,261 | €0 | ▲ 100% |
| Change in cash | - | -€7,845 | -€16,660 | €1,341 | €52 | ▼ 96.1% |
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
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €44,887
Net result €44,887 after 2 loss-making years.
31-12
Financial
Equity above €200,000Eq €210,410 ▲27.1%
Equity rises from €165,523 to €210,410.
02-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 2 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 4.61
Current ratio from 2.30 to 4.61; short-term debt falls from €143,750 to €45,164.
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 2 days late
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €149,723
Net result €149,723 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €221,367 ▲209%
Equity rises from €71,643 to €221,367.
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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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Structure & network
Owners and holdings
Owners 0
No owner stated in the accounts, acts or LEI register we read.
Stated earlier (1)
An older source named these owners; newer accounts no longer list them.
- Sourceown accounts 2024100%
Holdings 0
The accounts to 31-12-2024 list no holdings, and no other source names one.
According to the 2024 annual accounts of CRAFTWORKZ and those of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.