EURO WORK
ActiveSummary
EURO WORK has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €31k and a net result of €-4k. Equity is growing by ~26.1% per year across the filed fiscal years. Its solvency ranks better than 48% of 7780 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability11▼-77
Solvency73▲+15
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 1.93 against 1.45 in 2024; short-term debt: 47.2% and cash: 0.1% of total assets), but 51.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
48.3%
Return on assets
-6.5%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
on the day
2024
36 d early
2023
309 d late
2022
81 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€31k▼ 11.8%
2024 · €35k
2022: €12klowest in 4 years
2023: €18k▲ +54.7% vs 2022
2024: €35k▲ +93.3% vs 2023highest in 4 years
2025: €31k▼ -11.8% vs 2024
2022 → 2025
Total assets
€64k▼ 40.7%
2024 · €107k
2022: €58k
2023: €44k▼ -23.9% vs 2022lowest in 4 years
2024: €107k▲ +145% vs 2023highest in 4 years
2025: €64k▼ -40.7% vs 2024
2022 → 2025
Net result
€-4k
2024 · €17k
2022: €9k
2023: €6k▼ -26.4% vs 2022
2024: €17k▲ +164% vs 2023highest in 4 years
2025: €-4k▼ -124% vs 2024lowest in 4 years
2022 → 2025
Working capital
€28k▼ 10.4%
2024 · €31k
2022: €12klowest in 4 years
2023: €17k▲ +46.6% vs 2022
2024: €31k▲ +83.1% vs 2023highest in 4 years
2025: €28k▼ -10.4% vs 2024
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€12k-€18k▲ 54.7%€35k▲ 93.3%€31k▼ 11.8%
2022: €12klowest in 4 years
2023: €18k▲ +54.7% vs 2022
2024: €35k▲ +93.3% vs 2023highest in 4 years
2025: €31k▼ -11.8% vs 2024
Operating result€12k-€10k▼ 14.7%€25k▲ 157%€-4k
2022: €12k
2023: €10k▼ -14.7% vs 2022
2024: €25k▲ +157% vs 2023highest in 4 years
2025: €-4k▼ -116% vs 2024lowest in 4 years
Net result€9k-€6k▼ 26.4%€17k▲ 164%€-4k
2022: €9k
2023: €6k▼ -26.4% vs 2022
2024: €17k▲ +164% vs 2023highest in 4 years
2025: €-4k▼ -124% vs 2024lowest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €4k after €25k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €64k
Fixed assets
€6k ▼ 20.7%
Current assets
€58k ▼ 42.1%
Equity and liabilities €64k
Equity
€31k ▼ 11.8%
Debt
€33k ▼ 54.6%
Debt's share of the balance-sheet total falls from 67.5% to 51.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-3k▼
2024 · €27k
Cash flow
€-3k▼
2024 · €18k
Current ratio
1.93▲
2024 · 1.45
Debt to equity
1.07▼
2024 · 2.08
ROE
-13.4%▼
2024 · 48.3%
ROA
-6.5%▼
2024 · 15.7%
Interest coverage
-1.05▼
2024 · 19.96
Debt ≤ 1 year
€30k▼
2024 · €69k
Debt > 1 year
€3k▼
2024 · €3k
Income taxes
€15▼
2024 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€107k€64k▼
Formation expenses20€0-
Fixed assets21/28€7k€6k▼
Tangible fixed assets22/27€5k€3k▼
Furniture and vehicles24€5k€3k▼
Financial fixed assets28€2k€2k=
Current assets29/58€100k€58k▼
Amounts receivable within one year40/41€99k€58k▼
Trade receivables40€56k€13k▼
Other amounts receivable41€43k€45k▲
Cash at bank and in hand54/58€648€83▼
Deferred charges and accrued income490/1€499-
Equity and liabilities
Total equity and liabilities10/49€107k€64k▼
Equity10/15€35k€31k▼
Contributions10/11€3k€3k=
Reserves13€23k€23k=
Distributable reserves133€23k€23k=
Profit (loss) carried forward14€9k€5k▼
Amounts payable17/49€72k€33k▼
Amounts payable after more than one year17€3k€3k▼
Financial debts170/4€3k€3k▼
Amounts payable within one year42/48€69k€30k▼
Current portion of amounts payable after more than one year42€2k-
Trade debts44€36k€857▼
Suppliers440/4€36k€857▼
Taxes, remuneration and social security45€29k€29k▲
Taxes450/3€29k€29k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€2k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k=
Other operating charges640/8€3k€4k▲
Gross operating margin9900€30k€1k▼
Operating profit (loss)9901€25k€-4k▼
Financial income75/76B-€2k
Recurring financial income75-€2k
Financial charges65/66B€1k€3k▲
Recurring financial charges65€1k€3k▲
Profit (loss) for the period before taxes9903€24k€-4k▼
Income taxes67/77€7k€15▼
Profit (loss) for the period9904€17k€-4k▼
Profit (loss) for the period to be appropriated9905€17k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€26k€5k▼
Profit (loss) brought forward from the previous period14P€9k€9k▲
Transfer to equity691/2€17k-
To other reserves6921€17k-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €33k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €1k | €1k | €1k | = |
| Other operating charges640/8 | €3k | €5k | €3k | €4k | ▲ 31.3% |
| Gross operating margin9900 | €48k | €17k | €30k | €1k | ▼ 96.2% |
| Operating profit (loss)9901 | €12k | €10k | €25k | €-4k | ▼ 116% |
| Financial income75/76B | €0 | - | - | €2k | - |
| Recurring financial income75 | €0 | - | - | €2k | - |
| Financial charges65/66B | €0 | €646 | €1k | €3k | ▲ 86.1% |
| Recurring financial charges65 | €0 | €646 | €1k | €3k | ▲ 86.1% |
| Profit (loss) for the period before taxes9903 | €12k | €9k | €24k | €-4k | ▼ 117% |
| Income taxes67/77 | €3k | €3k | €7k | €15 | ▼ 99.8% |
| Profit (loss) for the period9904 | €9k | €6k | €17k | €-4k | ▼ 124% |
| Profit (loss) for the period to be appropriated9905 | €9k | €6k | €17k | €-4k | ▼ 124% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €58k | €44k | €107k | €64k | ▼ 40.7% |
| Formation expenses20 | €0 | €0 | €0 | - | - |
| Fixed assets21/28 | - | €6k | €7k | €6k | ▼ 20.7% |
| Tangible fixed assets22/27 | - | €6k | €5k | €3k | ▼ 31.5% |
| Furniture and vehicles24 | - | €6k | €5k | €3k | ▼ 31.5% |
| Financial fixed assets28 | - | - | €2k | €2k | = |
| Current assets29/58 | €58k | €38k | €100k | €58k | ▼ 42.1% |
| Amounts receivable within one year40/41 | €54k | €37k | €99k | €58k | ▼ 41.5% |
| Trade receivables40 | €23k | €5k | €56k | €13k | ▼ 76.0% |
| Other amounts receivable41 | €31k | €32k | €43k | €45k | ▲ 2.7% |
| Cash at bank and in hand54/58 | €4k | €191 | €648 | €83 | ▼ 87.1% |
| Deferred charges and accrued income490/1 | €350 | €815 | €499 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €58k | €44k | €107k | €64k | ▼ 40.7% |
| Equity10/15 | €12k | €18k | €35k | €31k | ▼ 11.8% |
| Contributions10/11 | €3k | €3k | €3k | €3k | = |
| Outside capital11 | €3k | - | - | - | - |
| Other1109/19 | €3k | - | - | - | - |
| Reserves13 | - | €6k | €23k | €23k | = |
| Distributable reserves133 | - | €6k | €23k | €23k | = |
| Profit (loss) carried forward14 | €9k | €9k | €9k | €5k | ▼ 47.3% |
| Amounts payable17/49 | €46k | €26k | €72k | €33k | ▼ 54.6% |
| Amounts payable after more than one year17 | - | €5k | €3k | €3k | ▼ 17.1% |
| Financial debts170/4 | - | €5k | €3k | €3k | ▼ 17.1% |
| Amounts payable within one year42/48 | €46k | €21k | €69k | €30k | ▼ 56.5% |
| Current portion of amounts payable after more than one year42 | - | €2k | €2k | - | - |
| Trade debts44 | €42k | €5k | €36k | €857 | ▼ 97.6% |
| Suppliers440/4 | €42k | €5k | €36k | €857 | ▼ 97.6% |
| Taxes, remuneration and social security45 | €4k | €14k | €29k | €29k | ▲ 0.8% |
| Taxes450/3 | €4k | €14k | €29k | €29k | ▲ 0.8% |
| Remuneration and social security454/9 | - | - | €0 | - | - |
| Other amounts payable47/48 | - | - | €2k | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9k | €6k | €17k | €-4k | ▼ 124% |
| + Depreciation and write-downs630 | €1k | €1k | €1k | €1k | = |
| Operating cash flow (approximation) | €10k | €8k | €18k | €-3k | ▼ 115% |
| Investment in fixed assets (approximation) | - | - | €-2k | €0 | ▲ 100% |
| Change in cash | - | €-3k | €457 | €-564 | ▼ 223% |
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
Next filing, fiscal year 2026, expected by
2026
10-09
State Gazette act
Registered officeRegistered-office move · Director in office3 facts ▸
State Gazette act
Registered office
Registered-office move · Director in office3 facts ▸
- General meeting, 11-07-2026
- Registered-office move, Elslo 32a, 9940 Evergem
- Director in office, Mehmedov Dincher (director)
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series.
25-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
05-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 309 days late
2024
30-09
Financial
Highest result since 2022net €17k ▲164%
Operating result €25k, net result €17k, both a record.
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 81 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Evergem · 1 establishment unit since 2021
Ground area
2,112 m²
Building footprint
183 m²
Volume, LiDAR
668 m³
2 parcels, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
EURO WORK
since 20212.322.328.765
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44019C1160/00K000 | Flanders | 2,059 m² | 1 · 130 m² | 7.5 m · 2 fl. |
| 44807G0552/00Z006 | Flanders | 53 m² | 1 · 53 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,497 companies in sector 82990 we hold annual accounts for 9,406. 6,402 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-09-2021
Fiscal year end30-09
Activities, NACEBEL 2025
82990Other business support services
47811Retail sale of cars and light vans (up to 3.5 tonnes)
49410Freight transport by road
52250Logistics services
Scores and ratios are computed by Checked and are not a credit decision.