FV WORKS

Active

Private limited companyfounded 20215 yrs activeGeneraal Lemanlaan 80, 8310 Brugge, BelgiumKBO/BCE: BE 0764.788.481

The computed 12-month bankruptcy probability of FV WORKS is 1.7% (moderate). The 2024 annual accounts show equity of €44k and a net result of €21k. Equity is shrinking by ~5.7% per year across the filed fiscal years. Its solvency ranks better than 49% of 9039 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

64 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability95▲+95

Solvency68▲+14

Growth32=

Track record94

Bankruptcy probability, 12 months

1.7% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €2.5k at 30 days acceptable

Liquidity ample (current ratio 2.21 against 1.17 in 2023; short-term debt: 41% and cash: 3.2% of total assets), but 56.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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 →

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 2024

Solvency, return and age of the figures

Solvency

43.2%

Return on assets

21.1%

Age of the figures

21 mo

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-07-2025, 10 days ahead of the deadline.

NBB · 3 filings

Deviation from the deadline

2025

not confirmed

2024

10 d early

2023

69 d late

2022

13 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Source amounts without an identifiable currency are assumed to be EUR.

Equity

€44k▲ 88.0%

2023 · €23k

2022: €49k 2023: €23k

2022 → 2024

Total assets

€101k▲ 26.5%

2023 · €80k

2022: €97k 2023: €80k

2022 → 2024

Net result

€21k

2023 · €-25k

2022: €44k 2023: €-25k

2022 → 2024

Working capital

€50k▲ 422%

2023 · €10k

2022: €38k 2023: €10k

2022 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202220232024Trend

Equity€49k-€23k▼ 52.2%€44k▲ 88.0%

Operating result€61k-€-23k€28k

Net result€44k-€-25k€21k

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 returns to profit in 2024: €28k after a loss of €23k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €101k

10%

90.4%

Fixed assets €10k▼ 29.0%

Current assets €92k▲ 38.0%

Equity and liabilities €101k

43.2%

56.8%

Equity €44k▲ 88.0%

Debt €57k▲ 1.3%

The debt ratio falls from 70.9% to 56.8%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€32k▲

2023 · €-18k

Cash flow

€25k▲

2023 · €-21k

Solvency

43.2%▲

2023 · 29.1%

Current ratio

2.21▲

2023 · 1.17

Quick ratio

2.21▲

2023 · 1.17

Debt / equity

1.31▼

2023 · 2.44

ROE

48.8%▲

2023 · -109.3%

ROA

21.1%▲

2023 · -31.8%

Interest coverage

17.12▲

2023 · -6.24

Debt

€57k▲

2023 · €57k

Debt ≤ 1 year

€41k▼

2023 · €57k

Income taxes

€5k▲

2023 · €330

Staff costs

€37k▲

2023 · €23k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€80k€101k▲

Fixed assets21/28€14k€10k▼

Intangible fixed assets21€10k€7k▼

Tangible fixed assets22/27€3k€1k▼

Plant, machinery and equipment23€3k€1k▼

Financial fixed assets28€858€858=

Current assets29/58€66k€92k▲

Amounts receivable within one year40/41€65k€88k▲

Trade receivables40€2k€17k▲

Other amounts receivable41€63k€71k▲

Current investments50/53€0-

Cash at bank and in hand54/58€2k€3k▲

Deferred charges and accrued income490/1€0€270▲

Equity and liabilities

Total equity and liabilities10/49€80k€101k▲

Equity10/15€23k€44k▲

Contributions10/11€5k€5k=

Reserves13€18k€39k▲

Distributable reserves133€18k€39k▲

Profit (loss) carried forward14€0€0=

Amounts payable17/49€57k€57k▲

Amounts payable within one year42/48€57k€41k▼

Financial debts43€74€2k▲

Credit institutions430/8€74€2k▲

Trade debts44€24k€20k▼

Suppliers440/4€24k€20k▼

Taxes, remuneration and social security45€25k€16k▼

Taxes450/3€19k€11k▼

Remuneration and social security454/9€7k€5k▼

Other amounts payable47/48€7k€4k▼

Accrued charges and deferred income492/3-€16k

Income statement Code20232024

Remuneration, social security and pensions62€23k€37k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▼

Other operating charges640/8€2k€4k▲

Gross operating margin9900€7k€73k▲

Operating profit (loss)9901€-23k€28k▲

Financial income75/76B€333€75▼

Recurring financial income75€333€75▼

Financial charges65/66B€3k€2k▼

Recurring financial charges65€3k€2k▼

Profit (loss) for the period before taxes9903€-25k€26k▲

Income taxes67/77€330€5k▲

Profit (loss) for the period9904€-25k€21k▲

Profit (loss) for the period to be appropriated9905€-25k€21k▲

Appropriation of the result

Profit (loss) to be appropriated9906€18k€21k▲

Profit (loss) brought forward from the previous period14P€44k€0▼

Transfer to equity691/2€18k€20k▲

To other reserves6921€18k€20k▲

Profit to be distributed694/7-€859

Return on contributions (dividend)694-€859

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 5Financial 2Filings 3

2025

21-07

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-12

Financial Back to profitnet €21k

Net result €21k after one loss-making year.

08-10

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 69 days late

2023

31-12

Financial Weakest financial yearnet €-25k ▼158%

Net result drops to €-25k, the lowest in the series; recovery starts the following year.

18-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

5 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, Brugge · 1 establishment unit since 2021

establishment The establishment unit on the map

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.

Generaal Lemanlaan 808310 Brugge

Ground area

470 m²

Building footprint

216 m²

Volume, LiDAR

1,610 m³

Parcel 31002A0055/00E006, Flanders · tallest building 12.7 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

FV WORKS

Generaal Lemanlaan 80, 8310 BruggeAgents specialised in the wholesale of other particular products

since 20212.314.256.088

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
31002A0055/00E006	Flanders	470 m²	1 · 216 m²	12.7 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.

Public money · subsidies and aid

Flemish government

2023 · 1 entry · 477 EUR awarded · 477 EUR paid

Year	Entries	awarded	paid
2023	1	477 EUR	477 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

1 entry · 477 EUR · 477 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

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BE 0634.586.767

Braine-l'Alleud · Eq €44k

2Go4Green

BE 0765.411.558

Mont-Saint-Guibert · Eq €44k

DISTRALLE MARKETING

BE 0883.958.030

Colfontaine · Eq €44k

Of 4,422 companies in sector 46180 we hold annual accounts for 1,886. 1,326 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded08-03-2021

Fiscal year end31-12

Activities, NACEBEL

46180Agents specialised in the wholesale of other particular products

46643Wholesale of electrical equipment, including installation materials

82990Other business support services

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.