FS Workx
ActiveSummary
FS Workx has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €569k and a net result of €149k. Equity is growing by ~55.8% per year across the filed fiscal years. Its solvency ranks better than 46% of 2179 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80▲+2
Solvency59▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity tight (current ratio 1.39 against 1.27 in 2024; short-term debt: 36.8% and cash: 7.2% of total assets), and 66% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
34%
Return on assets
8.9%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-07-2026, 16 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
16 d early
2024
33 d early
2023
26 d early
2022
17 d early
2021
27 d early
2020
19 d late
2019
6 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€569k▲ 9.5%
2024 · €519k
2018: €24k
2019: €28k
2020: €124k
2021: €151k
2022: €233k
2023: €383k
2024: €519k
2018 → 2025
Total assets
€1.67M▼ 4.6%
2024 · €1.75M
2018: €287k
2019: €227k
2020: €672k
2021: €1.01M
2022: €943k
2023: €1.59M
2024: €1.75M
2018 → 2025
Net result
€149k▲ 9.3%
2024 · €137k
2018: €11k
2019: €4k
2020: €96k
2021: €27k
2022: €83k
2023: €152k
2024: €137k
2018 → 2025
Working capital
€240k▲ 38.9%
2024 · €173k
2018: €-26k
2019: €-71k
2020: €25k
2021: €-9k
2022: €15k
2023: €101k
2024: €173k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€151k-€233k▲ 54.9%€383k▲ 63.9%€519k▲ 35.7%€569k▲ 9.5%
Operating result€36k-€100k▲ 175%€206k▲ 106%€221k▲ 7.7%€240k▲ 8.5%
Net result€27k-€83k▲ 208%€152k▲ 83.7%€137k▼ 10.1%€149k▲ 9.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 8% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.67M
Fixed assets
€817k ▼ 13.5%
Current assets
€857k ▲ 5.9%
Equity and liabilities €1.67M
Equity
€569k ▲ 9.5%
Debt
€1.11M ▼ 10.5%
Debt's share of the balance-sheet total falls from 70.4% to 66.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€407k▲
2024 · €365k
Cash flow
€316k▲
2024 · €280k
Current ratio
1.39▲
2024 · 1.27
Quick ratio
0.88▲
2024 · 0.80
Debt to equity
1.94▼
2024 · 2.38
ROE
26.3%▼
2024 · 26.3%
ROA
8.9%▲
2024 · 7.8%
Interest coverage
9.34▲
2024 · 6.86
Debt ≤ 1 year
€616k▼
2024 · €636k
Debt > 1 year
€489k▼
2024 · €590k
Income taxes
€53k▲
2024 · €40k
Staff costs
€932k▲
2024 · €790k
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 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.75M€1.67M▼
Fixed assets21/28€945k€817k▼
Tangible fixed assets22/27€945k€817k▼
Land and buildings22€378k€359k▼
Plant, machinery and equipment23€153k€122k▼
Furniture and vehicles24€79k€58k▼
Leasing and similar rights25€335k€278k▼
Current assets29/58€809k€857k▲
Stocks and contracts in progress3€297k€315k▲
Stocks30/36€297k€315k▲
Amounts receivable within one year40/41€74k€377k▲
Trade receivables40€42k€299k▲
Other amounts receivable41€32k€78k▲
Cash at bank and in hand54/58€414k€120k▼
Deferred charges and accrued income490/1€24k€44k▲
Equity and liabilities
Total equity and liabilities10/49€1.75M€1.67M▼
Equity10/15€519k€569k▲
Contributions10/11€19k€19k=
Reserves13€501k€550k▲
Distributable reserves133€501k€550k▲
Amounts payable17/49€1.23M€1.11M▼
Amounts payable after more than one year17€590k€489k▼
Financial debts170/4€590k€489k▼
Amounts payable within one year42/48€636k€616k▼
Current portion of amounts payable after more than one year42€111k€101k▼
Financial debts43€200k€200k=
Credit institutions430/8€200k€200k=
Trade debts44€321k€227k▼
Suppliers440/4€321k€227k▼
Taxes, remuneration and social security45€4k€14k▲
Taxes450/3€258€14k▲
Remuneration and social security454/9€3k€8▼
Other amounts payable47/48-€75k
Accrued charges and deferred income492/3€9k€360▼
Income statement
Code20242025
Non-recurring operating income76A€207€41k▲
Remuneration, social security and pensions62€790k€932k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€143k€167k▲
Other operating charges640/8€14k€29k▲
Gross operating margin9900€1.17M€1.37M▲
Operating profit (loss)9901€221k€240k▲
Financial income75/76B€9k€6k▼
Recurring financial income75€9k€6k▼
Financial charges65/66B€53k€44k▼
Recurring financial charges65€53k€44k▼
Profit (loss) for the period before taxes9903€177k€203k▲
Income taxes67/77€40k€53k▲
Profit (loss) for the period9904€137k€149k▲
Profit (loss) for the period to be appropriated9905€137k€149k▲
Appropriation of the result
Profit (loss) to be appropriated9906€137k€149k▲
Transfer from equity791/2-€100k
Transfer to equity691/2€137k€149k▲
To other reserves6921€137k€149k▲
Profit to be distributed694/7-€100k
Return on contributions (dividend)694-€100k
The notes to these accounts (10 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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
28-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €500kEq €519k ▲35.7%
7 profitable years in a row build equity to €519k.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €152k ▲83.7%
Net result €152k, the highest in the series.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €200kEq €233k ▲54.9%
5 profitable years in a row build equity to €233k.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150kEq €151k ▲21.7%
4 profitable years in a row build equity to €151k.
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 1.20
Current ratio from 0.43 to 1.20.
31-12
Financial
Equity above €100kEq €124k ▲338%
3 profitable years in a row build equity to €124k.
Show earlier events
25-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €4k ▼66.1%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
02-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 33 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Veurne · 1 establishment unit since 2016
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.
Monnikshoekstraat 128630 VeurneGround area
864 m²
Building footprint
374 m²
Volume, LiDAR
19 m³
Parcel 38025C0568/00S003, Flanders · tallest building 7.0 m. Linked by address, not a title deed.
1 establishment unit
FS Workx
since 20162.248.830.182
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38025C0568/00S003 | Flanders | 864 m² | 1 · 374 m² | 7.0 m |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 8,360 EUR awarded · 8,449 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 2,168 EUR | 2,159 EUR |
| 2024 | 2 | 3,281 EUR | 3,202 EUR |
| 2023 | 1 | 692 EUR | 966 EUR |
| 2022 | 2 | 2,219 EUR | 2,122 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Premie kwalificerend werkplekleren
Stagebonus (stopgezet)
Recognitions · licences · registrations
Dual-learning approval
4 live approvals · 3 endedMedewerker ruwbouw (vwo)
Medewerker ruwbouw duaal (so)
Metselaar (vwo)
Ruwbouw duaal (so)
Show 3 ended approvals
Metselaar (so)
Metselaar (vwo)
Ruwbouw duaal (so)
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Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 8,728 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-01-2016
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
81210General cleaning of buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.