FS Workx
Annual accounts 2025
abbreviated format, filed on 15-07-2026, 16 days before the deadline€1.4m
▲ 17.1%
€240,163
▲ 8.5%
€149,306
▲ 9.3%
€240,388
▲ 38.9%
34.0%
▲ 4.4 percentage points
1.39
▲ 0.12
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €2.4m. Estimated: probably between €1.6m and €3.9m.
Balance sheet
balance sheet total €1.7m on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
34.0%
Higher than 47% of 2,651 companies in 2025.
1.39
Higher than 43% of 2,603 companies in 2025.
8.9%
Higher than 71% of 2,630 companies in 2025.
FS Workx
Middle half of the sector
80% of the sector
Abbreviated accounts in construction of buildings (NACE 41)
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: top quarter
Staff
€67,532
Staff costs divided by the average number of full-time equivalents.
level
people who joined
people who left
In 2025, 6 people joined and 6 left. Training hours in 2025: 520.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||
20/58 |
1.7m | 1.8m | 1.6m | 942,907 | 1.0m | 671,542 | 226,613 | 286,610 | 315,539 | |
21/28 |
817,394 | 945,204 | 921,682 | 749,128 | 751,309 | 516,046 | 172,500 | 159,938 | 68,240 | |
22/27 |
817,394 | 945,204 | 921,682 | 749,128 | 751,309 | 513,546 | 172,500 | 159,938 | 68,240 | |
22 |
359,213 | 377,995 | 396,778 | 415,560 | 434,342 | 374,519 | 56,919 | - | - | |
23 |
121,609 | 153,064 | 156,558 | 162,583 | 136,813 | 40,215 | 43,779 | 50,196 | 15,286 | |
24 |
58,280 | 79,359 | 69,100 | 87,457 | 84,357 | 94,090 | 64,720 | 100,299 | 52,954 | |
25 |
278,293 | 334,786 | 299,246 | 83,528 | 95,797 | - | - | - | - | |
28 |
- | - | - | - | - | 2,500 | - | - | - | |
29/58 |
856,583 | 809,046 | 666,263 | 193,780 | 255,829 | 155,496 | 54,113 | 126,672 | 247,299 | |
3 |
315,403 | 297,287 | 281,850 | - | - | - | - | - | 134,951 | |
30/36 |
315,403 | 297,287 | 281,850 | - | - | - | - | - | 134,951 | |
40/41 |
376,509 | 73,732 | 215,706 | 100,813 | 63,968 | 22,052 | 6,524 | 46,795 | 77,651 | |
40 |
298,889 | 41,570 | 211,399 | 85,660 | 38,147 | 9,078 | 48 | - | 74,442 | |
41 |
77,620 | 32,162 | 4,307 | 15,153 | 25,821 | 12,974 | 6,476 | 46,795 | 3,209 | |
54/58 |
120,485 | 413,850 | 167,123 | 92,161 | 189,925 | 123,344 | 47,093 | 76,652 | 34,696 | |
490/1 |
44,186 | 24,177 | 1,585 | 806 | 1,936 | 10,101 | 495 | 3,225 | - | |
| Balance sheet: equity and liabilities | ||||||||||
10/49 |
1.7m | 1.8m | 1.6m | 942,907 | 1.0m | 671,542 | 226,613 | 286,610 | 315,539 | |
10/15 |
568,647 | 519,341 | 382,678 | 233,487 | 150,713 | 123,852 | 28,267 | 24,429 | 13,112 | |
10/11 |
18,600 | 18,600 | 18,600 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | |
13 |
550,047 | 500,741 | 364,078 | 227,287 | 144,513 | 117,652 | 22,067 | 18,229 | 6,912 | |
130/1 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | |
133 |
550,047 | 500,741 | 364,078 | 225,427 | 142,653 | 115,792 | 20,207 | 16,369 | 5,052 | |
17/49 |
1.1m | 1.2m | 1.2m | 709,420 | 856,424 | 547,690 | 198,345 | 262,181 | 302,426 | |
17 |
488,775 | 589,513 | 639,671 | 530,683 | 591,394 | 416,981 | 73,236 | 109,943 | 173,945 | |
170/4 |
488,775 | 589,513 | 639,671 | 530,683 | 591,394 | 416,981 | 73,236 | 109,943 | 173,945 | |
42/48 |
616,195 | 635,985 | 565,595 | 178,737 | 265,030 | 130,113 | 125,034 | 152,239 | 128,481 | |
42 |
100,738 | 111,159 | 88,401 | 78,182 | 83,703 | 42,932 | 36,706 | 44,279 | 18,262 | |
43 |
200,000 | 200,000 | 200,000 | - | - | - | 257 | - | - | |
430/8 |
200,000 | 200,000 | 200,000 | - | - | - | 257 | - | - | |
44 |
226,797 | 321,107 | 210,932 | 90,968 | 179,717 | 62,937 | 65,519 | 101,458 | 73,444 | |
440/4 |
226,797 | 321,107 | 210,932 | 90,968 | 179,717 | 62,937 | 65,519 | 101,458 | 73,444 | |
45 |
13,661 | 3,719 | 64,128 | 9,587 | 1,610 | 24,107 | 22,420 | 6,502 | 18,469 | |
450/3 |
13,653 | 258 | 63,478 | 9,357 | 1,610 | 24,107 | 6,780 | 3,813 | 13,614 | |
454/9 |
8 | 3,460 | 650 | 230 | - | - | 15,640 | 2,689 | 4,856 | |
47/48 |
75,000 | - | 2,135 | - | - | 137 | 131 | - | 18,306 | |
492/3 |
360 | 9,411 | - | - | - | 597 | 76 | - | - | |
| Income statement | ||||||||||
76A |
41,000 | 207 | - | 8,889 | 5,500 | - | - | - | - | |
9900 |
1.4m | 1.2m | 971,206 | 702,625 | 580,308 | 491,306 | 350,893 | 237,991 | 276,309 | |
62 |
931,941 | 789,682 | 656,372 | 491,089 | 452,256 | 325,484 | 281,922 | 161,574 | 203,295 | |
630 |
166,594 | 143,149 | 99,169 | 100,806 | 84,330 | 60,424 | 62,319 | 60,569 | 55,599 | |
640/8 |
29,201 | 14,434 | 5,468 | 10,927 | 7,486 | 2,482 | 615 | 774 | 1,010 | |
66A |
- | - | 4,598 | - | - | 588 | - | - | - | |
9901 |
240,163 | 221,372 | 205,599 | 99,803 | 36,237 | 102,328 | 6,037 | 15,074 | 16,405 | |
75/76B |
6,067 | 8,687 | 6,095 | 1,747 | 2,992 | 1,421 | 416 | 3,120 | 757 | |
75 |
6,067 | 8,687 | 6,095 | 1,747 | 2,992 | 1,421 | 416 | 3,120 | 757 | |
65/66B |
43,530 | 53,139 | 18,804 | 9,419 | 12,367 | 6,554 | 2,615 | 3,065 | 8,273 | |
65 |
43,530 | 53,139 | 18,804 | 9,419 | 12,367 | 6,554 | 2,615 | 3,065 | 8,273 | |
9903 |
202,701 | 176,921 | 192,889 | 92,131 | 26,862 | 97,195 | 3,838 | 15,129 | 8,888 | |
67/77 |
53,394 | 40,258 | 40,798 | 9,357 | - | 1,610 | - | 3,813 | 1,976 | |
9904 |
149,306 | 136,662 | 152,091 | 82,774 | 26,862 | 95,584 | 3,838 | 11,317 | 6,912 | |
9905 |
149,306 | 136,662 | 152,091 | 82,774 | 26,862 | 95,584 | 3,838 | 11,317 | 6,912 | |
| Appropriation of the result | ||||||||||
9906 |
149,306 | 136,662 | 152,091 | 82,774 | 26,862 | 95,584 | 3,838 | 11,317 | 6,912 | |
791/2 |
100,000 | - | - | - | - | - | - | - | - | |
691/2 |
149,306 | 136,662 | 152,091 | 82,774 | 26,862 | 95,584 | 3,838 | 11,317 | 6,912 | |
6920 |
- | - | - | - | - | - | - | - | 1,860 | |
6921 |
149,306 | 136,662 | 152,091 | 82,774 | 26,862 | 95,584 | 3,838 | 11,317 | 5,052 | |
694/7 |
100,000 | - | - | - | - | - | - | - | - | |
694 |
100,000 | - | - | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||
9087 |
13.8 | 13.1 | 10.6 | 9.9 | 9.7 | 7.8 | 7.2 | 3.3 | 2.3 | |
Hours worked1013 |
23,177 | 21,620 | 17,571 | 14,413 | 14,494 | 11,540 | 10,561 | 5,731 | 5,092 | |
| Document | ||||||||||
The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 15-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 15-07-2026 | 2026-00301060 | |
| 31-12-2024 | abbreviated format | 28-06-2025 | 2025-00201349 | |
| 31-12-2023 | abbreviated format | 05-07-2024 | 2024-00237395 | |
| 31-12-2022 | abbreviated format | 14-07-2023 | 2023-00242477 | |
| 31-12-2021 | micro format | 04-07-2022 | 2022-20134526 | |
| 31-12-2020 | micro format | 19-08-2021 | 2021-50200588 | |
| 31-12-2019 | micro format | 25-07-2020 | 2020-34900238 | |
| 31-12-2018 | micro format | 02-09-2019 | 2019-61800231 | |
| 31-12-2017 | micro format | 29-06-2018 | 2018-27300247 |
Subsidies and aid
Flemish government 2022 to 2025, 7 entries, €8,360 awarded, €8,449 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €2,168 | €2,159 |
| 2024 | 2 | €3,281 | €3,202 |
| 2023 | 1 | €692 | €966 |
| 2022 | 2 | €2,219 | €2,122 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| 406,757 | 364,521 | 304,768 | 200,608 | 120,567 | 162,752 | 68,355 | 75,643 | 72,004 | ||
| 315,900 | 279,811 | 251,260 | 183,580 | 111,192 | 156,009 | 66,157 | 71,885 | 62,511 | ||
| 38,784 | 166,671 | 277,412 | 100,985 | 322,094 | 404,558 | 74,880 | 152,267 | 123,839 | ||
| -293,365 | 246,727 | 74,962 | -97,764 | 66,581 | 76,250 | -29,559 | 41,956 | - | ||
| 240,388 | 173,061 | 100,668 | 15,043 | -9,202 | 25,383 | -70,921 | -25,567 | 118,817 | ||
| 34.0% | 29.6% | 24.1% | 24.8% | 15.0% | 18.4% | 12.5% | 8.5% | 4.2% | ||
| 1.39 | 1.27 | 1.18 | 1.08 | 0.97 | 1.20 | 0.43 | 0.83 | 1.92 | ||
| 0.88 | 0.80 | 0.68 | 1.08 | 0.97 | 1.20 | 0.43 | 0.83 | 0.87 | ||
| 1.94 | 2.38 | 3.15 | 3.04 | 5.68 | 4.42 | 7.02 | 10.73 | 23.06 | ||
| 26.3% | 26.3% | 39.7% | 35.5% | 17.8% | 77.2% | 13.6% | 46.3% | 52.7% | ||
| 8.9% | 7.8% | 9.6% | 8.8% | 2.7% | 14.2% | 1.7% | 3.9% | 2.2% | ||
| 9.34 | 6.86 | 16.21 | 21.30 | 9.75 | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 13 | 13 | 13 | 9 | 10 |
| full-time | 13 | 12 | 11 | 9 | 9 |
| part-time | - | 1 | 2 | - | 1 |
| in full-time equivalents | 13 | 13 | 12.6 | 9 | 10 |
| 13.8 | 13.1 | 10.6 | 9.9 | 9.7 | |
| On a permanent contract | 12 | 11 | 10 | 8 | 9 |
| Joined | 6 | 4 | 6 | 4 | 4 |
| Left | 6 | 4 | 2 | 5 | 3 |
| Training hours | 520 | 1,704 | - | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €38,784 | €166,671 | €277,412 | €100,985 | €322,094 |
| €166,594 | €143,149 | €99,169 | €100,806 | €84,330 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on FS Workx
The operating result for 2025 is 8% higher than in 2024 and the highest since 2017. It is the fourth rise in a row, after the fall in 2021.
Debt's share of the balance-sheet total falls from 70.4% to 66.0%. Equity is higher and debt is lower.