GH-works
ActiveGH-works has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €116k and a net result of €10k. Equity is growing by ~14.2% per year across the filed fiscal years. Its solvency ranks better than 62% of 27787 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
81
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▲+6
Solvency83▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 3.16 against 2.77 in 2024; short-term debt: 18.8% and cash: 54.4% of total assets), and 42.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
57.9%
Return on assets
5%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 01-02-2026, 1 day later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
1 d late
2024
28 d late
2023
29 d late
2022
on the day
2021
1 d early
2020
5 d late
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close23-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€116k▲ 9.5%
2024 · €106k
2019: €33k
2020: €65k
2021: €77k
2022: €92k
2023: €105k
2024: €106k
2019 → 2025
Total assets
€201k▼ 6.5%
2024 · €215k
2019: €45k
2020: €82k
2021: €91k
2022: €108k
2023: €122k
2024: €215k
2019 → 2025
Net result
€10k▲ 732%
2024 · €1k
2019: €-9k
2020: €32k
2021: €12k
2022: €15k
2023: €13k
2024: €1k
2019 → 2025
Working capital
€81k▲ 7.3%
2024 · €76k
2019: €25k
2020: €59k
2021: €73k
2022: €88k
2023: €103k
2024: €76k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€77k-€92k▲ 19.2%€105k▲ 14.2%€106k▲ 1.2%€116k▲ 9.5%
Operating result€17k-€21k▲ 22.6%€18k▼ 14.0%€5k▼ 74.8%€17k▲ 275%
Net result€12k-€15k▲ 20.9%€13k▼ 11.7%€1k▼ 90.7%€10k▲ 732%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 275% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €201k
Fixed assets
€82k▼ 14.9%
Current assets
€119k▲ 0.4%
Equity and liabilities €201k
Equity
€116k▲ 9.5%
Debt
€85k▼ 22.1%
The debt ratio falls from 50.6% to 42.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€32k▲
2024 · €21k
Cash flow
€25k▲
2024 · €18k
Solvency
57.9%▲
2024 · 49.4%
Current ratio
3.16▲
2024 · 2.77
Quick ratio
3.16▲
2024 · 2.77
Debt / equity
0.73▼
2024 · 1.02
ROE
8.7%▲
2024 · 1.1%
ROA
5.0%▲
2024 · 0.6%
Interest coverage
11.77▲
2024 · 8.12
Debt
€85k▼
2024 · €109k
Debt ≤ 1 year
€38k▼
2024 · €43k
Debt > 1 year
€45k▼
2024 · €64k
Income taxes
€4k▲
2024 · €765
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€215k€201k▼
Fixed assets21/28€96k€82k▼
Tangible fixed assets22/27€96k€82k▼
Plant, machinery and equipment23€485€706▲
Furniture and vehicles24€96k€81k▼
Current assets29/58€119k€119k▲
Amounts receivable within one year40/41€7k€10k▲
Trade receivables40€6k€6k▲
Other amounts receivable41€2k€3k▲
Cash at bank and in hand54/58€111k€109k▼
Equity and liabilities
Total equity and liabilities10/49€215k€201k▼
Equity10/15€106k€116k▲
Contributions10/11€6k€6k=
Reserves13€100k€110k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€98k€108k▲
Amounts payable17/49€109k€85k▼
Amounts payable after more than one year17€64k€45k▼
Financial debts170/4€64k€45k▼
Amounts payable within one year42/48€43k€38k▼
Current portion of amounts payable after more than one year42€18k€19k▲
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Taxes, remuneration and social security45€7k€1k▼
Taxes450/3€7k€1k▼
Other amounts payable47/48€16k€14k▼
Accrued charges and deferred income492/3€2k€2k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€15k▼
Other operating charges640/8€1k€1k▲
Gross operating margin9900€23k€34k▲
Operating profit (loss)9901€5k€17k▲
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€2k€15k▲
Income taxes67/77€765€4k▲
Profit (loss) for the period9904€1k€10k▲
Profit (loss) for the period to be appropriated9905€1k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1k€10k▲
Transfer to equity691/2€1k€10k▲
To other reserves6921€1k€10k▲
The notes to these accounts (7 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
01-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 1 day late
2025
28-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
29-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
30-06
Financial
Equity above €100kEq €105k ▲14.2%
4 profitable years in a row build equity to €105k.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
05-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 5 days late
2020
30-06
Financial
Back to profitnet €32k
Net result €32k after one loss-making year.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
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, Lille · 1 establishment unit since 2002
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.
Den Bosberg 32275 LilleGround area
1,066 m²
Building footprint
305 m²
Volume, LiDAR
1,467 m³
2 parcels, Flanders · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GEVELRENOVATIE RENOTOP
since 20022.101.765.019
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13032B0326/00Z005 | Flanders | 775 m² | 1 · 196 m² | 10.3 m · 3 fl. |
| 13009D0024/00F002 | Flanders | 291 m² | 1 · 109 m² | 2.1 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
MBM IMMO developpements
BE 0783.743.073
Sint-Pieters-Leeuw · Eq €116k
CLEFAN
BE 0480.202.161
Lanaken · Eq €116k
L&D ENERGY
BE 0896.780.638
Mons · Eq €116k
NRS CONSTRUCT
BE 0735.852.787
Drogenbos · Eq €116k
BEL POWER
BE 0715.706.184
Sint-Lambrechts-Woluwe · Eq €116k
Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 6,208 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-04-2002
Fiscal year end30-06
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
45250
43120Site preparation
45112
45500
71401
77221Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.