CWORKS
ActiveThe computed 12-month bankruptcy probability of CWORKS is 1.6% (moderate). The 2025 annual accounts show equity of €103k and a net result of €-43k. Equity is growing by ~38.1% per year across the filed fiscal years. Its solvency ranks better than 14% of 7955 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
42
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability66▼-11
Solvency30▼-6
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days only on tighter terms
Liquidity tight (current ratio 1.01 against 1.08 in 2024; short-term debt: 91.8% and cash: 0.6% of total assets), and 95% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 7955 sector peers (2025).
NBB · sector comparisonPosition among 7955 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 12-06-2026, 43 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
43 d late
2024
405 d late
2023
on the day
2022
225 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€103k▼ 29.3%
2024 · €145k
2022: €20k
2023: €52k
2024: €145k
2022 → 2025
Total assets
€2.07M▲ 50.7%
2024 · €1.37M
2022: €3.80M
2023: €1.47M
2024: €1.37M
2022 → 2025
Net result
€-43k
2024 · €93k
2022: €10k
2023: €32k
2024: €93k
2022 → 2025
Working capital
€25k▼ 73.2%
2024 · €92k
2022: €-92k
2023: €-100k
2024: €92k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€20k-€52k▲ 154%€145k▲ 180%€103k▼ 29.3%
Operating result€21k-€86k▲ 306%€95k▲ 10.9%€-41k
Net result€10k-€32k▲ 202%€93k▲ 196%€-43k
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 2025: a loss of €41k after €95k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.07M
Fixed assets
€144k▲ 38.7%
Current assets
€1.92M▲ 51.7%
Equity and liabilities €2.07M
Equity
€103k▼ 29.3%
Debt
€1.97M▲ 60.2%
The debt ratio rises from 89.4% to 95.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€8k▼
2024 · €119k
Cash flow
€7k▼
2024 · €117k
Solvency
5.0%▼
2024 · 10.6%
Current ratio
1.01▼
2024 · 1.08
Quick ratio
0.66▼
2024 · 0.74
Debt / equity
19.12▲
2024 · 8.44
ROE
-41.4%▼
2024 · 64.3%
ROA
-2.1%▼
2024 · 6.8%
Interest coverage
6.20▼
2024 · 57.72
Debt
€1.97M▲
2024 · €1.23M
Debt ≤ 1 year
€1.90M▲
2024 · €1.18M
Debt > 1 year
€26k▼
2024 · €50k
Income taxes
€189
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.37M€2.07M▲
Formation expenses20-€308
Fixed assets21/28€104k€144k▲
Intangible fixed assets21€845€463▼
Tangible fixed assets22/27€100k€140k▲
Plant, machinery and equipment23€10k€11k▲
Furniture and vehicles24€45k€89k▲
Other tangible fixed assets26€45k€40k▼
Financial fixed assets28€4k€4k=
Current assets29/58€1.27M€1.92M▲
Stocks and contracts in progress3€400k€680k▲
Stocks30/36€400k€680k▲
Amounts receivable within one year40/41€775k€1.23M▲
Trade receivables40€775k€783k▲
Other amounts receivable41-€448k
Cash at bank and in hand54/58€94k€13k▼
Deferred charges and accrued income490/1€551€551=
Equity and liabilities
Total equity and liabilities10/49€1.37M€2.07M▲
Equity10/15€145k€103k▼
Contributions10/11€10k€10k=
Outside capital11€10k€10k=
Other1109/19€10k€10k=
Profit (loss) carried forward14€135k€93k▼
Amounts payable17/49€1.23M€1.97M▲
Amounts payable after more than one year17€50k€26k▼
Financial debts170/4€50k€26k▼
Amounts payable within one year42/48€1.18M€1.90M▲
Current portion of amounts payable after more than one year42€20k€15k▼
Trade debts44€1.10M€1.30M▲
Suppliers440/4€1.10M€1.30M▲
Taxes, remuneration and social security45€58k€577k▲
Taxes450/3€29k€547k▲
Remuneration and social security454/9€29k€31k▲
Other amounts payable47/48€4k€4k=
Accrued charges and deferred income492/3-€40k
Income statement
Code20242025
Remuneration, social security and pensions62€24k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€49k▲
Other operating charges640/8€18k€7k▼
Gross operating margin9900€161k€15k▼
Operating profit (loss)9901€95k€-41k▼
Financial income75/76B€78€90▲
Recurring financial income75€78€90▲
Non-recurring financial income76B€78-
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€93k€-42k▼
Income taxes67/77-€189
Profit (loss) for the period9904€93k€-43k▼
Profit (loss) for the period to be appropriated9905€93k€-43k▼
Appropriation of the result
Profit (loss) to be appropriated9906€135k€93k▼
Profit (loss) brought forward from the previous period14P€42k€135k▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
12-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 43 days late
09-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 405 days late
2025
30-09
Financial
Weakest financial yearnet €-43k ▼146%
Net result drops to €-43k, the lowest in the series.
2024
30-09
Financial
Highest result since 2022net €93k ▲196%
Operating result €95k, net result €93k, both a record.
30-09
Financial
Equity above €100kEq €145k ▲180%
3 profitable years in a row build equity to €145k.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
11-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 225 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Lokeren · 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.
Kruinstraat 8C9160 LokerenGround area
8,460 m²
Building footprint
3,696 m²
Volume, LiDAR
21,521 m³
Parcel 46382B0840/00G000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CWORKS
since 20212.331.099.248
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46382B0840/00G000 | Flanders | 8,460 m² | 1 · 3,696 m² | 8.3 m · 2 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.
Similar companies · same sector, comparable size
DEMIC
BE 0632.916.189
Rijkevorsel · Eq €99k
TAILOR MADE SERVICES
BE 0879.481.875
Assenede · Eq €107k
TEXTILES DEBRUXELLES
BE 0560.893.095
Fleurus · Eq €111k
Bitco Be
BE 0737.698.658
Elsene · Eq €95k
VEVA SAFETY
BE 0447.830.390
Mouscron · Eq €116k
Of 192 companies in sector 46421 we hold annual accounts for 129. 96 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-02-2021
Fiscal year end30-09
Activities, NACEBEL
46421Wholesale trade
46419Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:cworksbv@gmail.com