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EQ Works

Active
Private limited companyfounded 2023active for 3 yearsWeversstraat(Kor) 17, 8500 Kortrijk, BelgiumKBO/BCE: BE 0805.551.049
Summary

The computed 12-month bankruptcy probability of EQ Works is 1.7% (moderate). The 2025 annual accounts show equity of €19,570 and a net result of €7,576. Its solvency ranks better than 28% of 1,679 sector peers (NACE 33, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.

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EQ WorksActiveChecked score 55/100
Risk analysis ReportCompare

Overview

Activity
Installation of industrial machinery and equipment
NACE 33200
1 site
Size
€75,314total assets 2025
Equity
€19,570
Profit
€7,576
Turnover not published (micro format)
Financial health
55 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.7%
Structure
2025 accounts filed 17 days late
Why 55raises riskFounded in 2023Size: total assets €75,314Sector: Repair, maintenance and installation of machinery and equipment (NACE 33)lowers riskLiquidity: current ratio 0.82, cash €10,885Show the evidence

Checked score

Score 2025
55 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 51% of its sector peers (NACE 33, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Average
Solvency 51-34
equity 26.0% of total assets
Liquidity 45-26
short-term debt 46.7% · cash 14.5%
Profitability 81-19
return on assets 10.1%
Bankruptcy probability, 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (2,387 companies, NACE 33, micro)
Last 24 months 11-2024: 1.9% 12-2024: 1.9%● unchanged vs 11-2024 01-2025: 2.4%▲ +0.5 percentage points vs 12-2024 02-2025: 2.7%▲ +0.3 percentage points vs 01-2025 03-2025: 2.7%● unchanged vs 02-2025 04-2025: 2.9%▲ +0.2 percentage points vs 03-2025 05-2025: 3.0%▲ +0.1 percentage points vs 04-2025highest value 06-2025: 2.9%▼ -0.1 percentage points vs 05-2025 07-2025: 2.9%● unchanged vs 06-2025 08-2025: 0.7%▼ -2.2 percentage points vs 07-2025lowest value 09-2025: 0.8%▲ +0.1 percentage points vs 08-2025 10-2025: 0.8%● unchanged vs 09-2025 11-2025: 0.8%● unchanged vs 10-2025 12-2025: 0.8%● unchanged vs 11-2025 01-2026: 0.8%● unchanged vs 12-2025 02-2026: 0.8%● unchanged vs 01-2026 03-2026: 0.8%● unchanged vs 02-2026 04-2026: 0.8%● unchanged vs 03-2026 05-2026: 0.8%● unchanged vs 04-2026 06-2026: 0.8%● unchanged vs 05-2026 07-2026: 0.9%▲ +0.1 percentage points vs 06-2026 08-2026: 1.3%▲ +0.4 percentage points vs 07-2026 09-2026: 1.7%▲ +0.4 percentage points vs 08-2026 10-2026: 1.7%● unchanged vs 09-2026
Credit of up to €1,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.82, compared with 1.87 in 2024, below 1; short-term debt: 46.7% and cash: 14.5% of total assets), and 74% 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 33, micro): better than 29% on solvency, 36% on liquidity, 55% on profitability and 84% on growth.

The bankruptcy probability was computed on 24-10-2026 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

Five signals.
lowers riskraises risk
raises risk · Founded in 2023
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
raises risk · Size: total assets €75,314
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Liquidity: current ratio 0.82, cash €10,885
NBB · annual accounts
raises risk · Sector: Repair, maintenance and installation of machinery and equipment (NACE 33)
KBO
raises risk · 2025 accounts filed 17 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 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 · 2 filings
Deviation from the deadline
2025
17 days late
2024
8 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 5 days after the deadline; the sector median (NACE 33) for financial year 2024 is 3 days before the deadline, and 39% 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.
Companies Code · seven months
Where today falls in the filing period
24-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2023.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Annual accounts filedfinancial year 2024 · micro…
  3. IncorporationAppointment: VANHERWEGHE Jonas Michiel (statutory…

Key points

  • Board2 directors in office 2 View
  • Total assets 20252 financial years filed €75,314 View
  • Active since 2023founded 06-09-2023 3 years View

By topic

Financials

Financial year
2025
Total assets
€75,314
Profit
€7,576
Solvency
26.0%
Total assets▲ 278%
Net result
20242025
Go to Financials

Company details

Sites
1
Legal form
Private limited company
Activity
Installation of industrial machinery and equipmentNACE 33200
Founded
06-09-2023
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
18
Annual meeting
Last Friday of June at 17:00
Statutory auditor
No statutory auditor
Go to Articles of association

Key facts about EQ Works

What is the company number of EQ Works?
0805.551.049. In Belgium the VAT number is the company number with BE in front: BE 0805.551.049.
Where is EQ Works based?
The registered office is at Weversstraat(Kor) 17, 8500 Kortrijk.Company details
What does EQ Works do?
According to the KBO register, the main activity is installation of industrial machinery and equipment (NACE 33200).
What is the legal form of EQ Works?
Private limited company (BV).
When was EQ Works founded?
On 06-09-2023.
Is EQ Works still active?
Yes, EQ Works is an active enterprise in the KBO register.
What is the turnover of EQ Works?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is EQ Works profitable?
In financial year 2025, EQ Works made a profit of €7,576.
Where can I find the annual accounts of EQ Works?
EQ Works filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of EQ Works due?
By 31-07-2027, for financial year 2026.Timeline

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