Halfwerk
ActiveSummary
Halfwerk has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €89,212 and a net result of €58,106. Its solvency ranks better than 91% of 4,331 sector peers (NACE 74, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €89,212
- Profit
- €58,106
Why 94raises riskFounded in 2024lowers riskSector: Other professional, scientific and technical activities (NACE 74)Liquidity: current ratio 7.36, cash €29,422Equity €89,212 (89.5% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 74, micro): better than 88% on solvency, 79% on liquidity, 28% on profitability and 20% on growth.
The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 2 accounts on average 4 days before the deadline; the sector median (NACE 74) for financial year 2024 is 3 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Back to profitnet €58,106
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2024 to 2025, 2 financial years
The operating result stays negative: a loss of €34,384 in 2025 against €15,137 in 2024; the loss grows.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 74, Other professional, scientific and technical activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.9% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a lower bankruptcy probability: 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 39,278 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,614 | €2,504 | ▲ 55.2% |
| Other operating charges640/8 | €225 | €0 | ▼ 100% |
| Gross operating margin9900 | -€13,298 | -€31,880 | ▼ 140% |
| Operating profit (loss)9901 | -€15,137 | -€34,384 | ▼ 127% |
| Financial income75/76B | €12,500 | €93,600 | ▲ 649% |
| Recurring financial income75 | €12,500 | €93,600 | ▲ 649% |
| Financial charges65/66B | €258 | €1,109 | ▲ 330% |
| Recurring financial charges65 | €258 | €1,109 | ▲ 330% |
| Profit (loss) for the period before taxes9903 | -€2,895 | €58,106 | - |
| Profit (loss) for the period9904 | -€2,895 | €58,106 | - |
| Profit (loss) for the period to be appropriated9905 | -€2,895 | €58,106 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €149,746 | €99,708 | ▼ 33.4% |
| Fixed assets21/28 | €6,851 | €22,439 | ▲ 228% |
| Tangible fixed assets22/27 | €6,851 | €19,139 | ▲ 179% |
| Plant, machinery and equipment23 | €6,851 | €19,139 | ▲ 179% |
| Financial fixed assets28 | - | €3,300 | - |
| Current assets29/58 | €142,895 | €77,269 | ▼ 45.9% |
| Stocks and contracts in progress3 | €8,318 | €9,753 | ▲ 17.2% |
| Stocks30/36 | €8,318 | €9,753 | ▲ 17.2% |
| Amounts receivable within one year40/41 | €121,009 | €36,547 | ▼ 69.8% |
| Trade receivables40 | €16,009 | €10,527 | ▼ 34.2% |
| Other amounts receivable41 | €105,000 | €26,020 | ▼ 75.2% |
| Cash at bank and in hand54/58 | €12,334 | €29,422 | ▲ 139% |
| Deferred charges and accrued income490/1 | €1,232 | €1,547 | ▲ 25.6% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €149,746 | €99,708 | ▼ 33.4% |
| Equity10/15 | €124,606 | €89,212 | ▼ 28.4% |
| Contributions10/11 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | -€2,895 | €55,212 | - |
| Investment grants15 | €117,500 | €24,000 | ▼ 79.6% |
| Amounts payable17/49 | €25,141 | €10,497 | ▼ 58.2% |
| Amounts payable within one year42/48 | €25,141 | €10,497 | ▼ 58.2% |
| Trade debts44 | €12,417 | €3,214 | ▼ 74.1% |
| Suppliers440/4 | €12,417 | €3,214 | ▼ 74.1% |
| Advances received on contracts in progress46 | €1,780 | €3,255 | ▲ 82.9% |
| Taxes, remuneration and social security45 | €5,101 | €4,027 | ▼ 21.0% |
| Taxes450/3 | €593 | €4,027 | ▲ 580% |
| Remuneration and social security454/9 | €4,508 | €0 | ▼ 100% |
| Other amounts payable47/48 | €5,844 | €0 | ▼ 100% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€2,895 | €58,106 | - |
| + Depreciation and write-downs630 | €1,614 | €2,504 | ▲ 55.2% |
| Operating cash flow (approximation) | -€1,281 | €60,610 | - |
| Investment in fixed assets (approximation) | - | -€18,091 | - |
| Change in cash | - | €17,087 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 31-07-2026 | 2026-00362343 |
| 31-12-2024 | micro format | 23-07-2025 | 2025-00298197 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2024 to 2025 · 3 entries · €50,000 awarded · €50,000 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €0 | €25,000 |
| 2024 | 1 | €50,000 | €25,000 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| GIELEN Maarten Diederik Joannes |
|
Owners and capital
Capital and shareholders
- GIELEN Maarten Diederik Joannes 100 shares (100%) · €10,000
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 28-06-2024 Incorporation · 100 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
28-06
Gazette deed
IncorporationAppointment: GIELEN Maarten Diederik Joannes (director) · Founder · Founding capital7 facts ▸
- Incorporation, “Halfwerk” (deed in Dutch)
- Founder, GIELEN Maarten Diederik Joannes
- Founding capital
- Capital
- Registered office clause, “1800 Vilvoorde,Jan Frans Willemsstraat 13” (deed in Dutch)
- Director appointment, GIELEN Maarten Diederik Joannes (director (not named in the articles))
- Pre-incorporation commitments, “takeover, alle verbintenissen,verplichtingen en activiteiten in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
2 establishment units
3 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23643E0006/00P000 | Flanders | 5.8 ha | 1 · 110 m² | 10.3 m · 3 |
| 21813E0071/03K003 | Brussels | 2,107 m² | 1 · 121 m² | 15.7 m · 4 |
| 23643G0489/00V000 | Flanders | 134 m² | 1 · 58 m² | 9.2 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Aankoop,ontwerp,vervaardiging,verkoop,verhuur,van verlichtingstoestellen,meubels,bouwmaterialen,en decoratie-artikelen…” (deed in Dutch)
14 activities (deed in Dutch)
- Aankoop,ontwerp,vervaardiging,verkoop,verhuur,van verlichtingstoestellen,meubels,bouwmaterialen,en decoratie-artikelen;
- Interieurontwerp,zakelijk advies,advies en studies rond duurzaamheid;
- Diensten met betrekking tot het beheer,inrichten en uitrusten van gebouwen.
- Zij heeft in het algemeen de volle rechtsbekwaamheid om alle handelingen en verrichtingen te voltrekken die een rechtstreeks of onrechtstreeks verband houden met haar voorwerp of welke van die aard zouden zijn dat zij de verwezenlijking van dit voorwerp,rechtstreeks of onrechtstreeks,geheel of ten dele vergemakkelijken.
- Zij kan belangen nemen door associatie,inbreng,fusie,financiële tussenkomst of op gelijk welke andere wijze,in alle vennootschappen,verenigingen of ondernemingen met een identiek,gelijklopend of samenhangend voorwerp met het hare of die van aard kunnen zijn de ontwikkeling van haar onderneming te begunstigen of een bron van afzetten te vormen.
- Zij kan de functies van bestuurder of vereffenaar uitoefenen in andere vennootschappen.
- De vennootschap mag zich borgstellen of zakelijke zekerheden verlenen ten voordele van vennootschappen of particulieren,in de meest ruime zin.
- In het geval de verrichting van bepaalde handelingen zou onderworpen zijn aan voorafgaande voorwaarden inzake toegang tot het beroep,zal de vennootschap haar optreden,wat betreft de verrichting van deze handelingen,aan de vervulling van deze voorwaarden ondergeschikt maken.
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen;alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten(vruchtgebruik,recht van opstal,erfpacht,…),zoals de huurfinanciering van onroerend goederen aan derden,het aankopen,verkopen,ruilen,bouwen,verbouwen,onderhouden,verhuren,huren,verkavelen,prospecteren en uitbaten van onroerende goederen,het ontwerpen en opvolgen van projecten,en het maken van studies met betrekking tot immobiliën;de aan-en verkoop,huur en verhuur van roerende goederen betreffende de inrichting en uitrusting van onroerende goederen,alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de onroerende goederen te bevorderen;alsmede zich borg stellen voor het goede verloop van verbintenissen,door derde personen aangegaan,die het genot zouden hebben van voormelde roerende en onroerende goederen.
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend vermogen;alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard ook,zoals het verwerven door inschrijving of aankoop,het beheren van aandelen,aandelenopties,obligaties,kasbons,afgeleide producten of andere roerende waarden,van welke vorm ook,uitgegeven door Belgische of buitenlandse emittenten.
- Het toestaan van leningen en kredietopeningen aan rechtspersonen en ondernemingen of particulieren,in eender welke vorm;het zich borg stellen of aval verlenen,in de meest ruime zin;alle handelsoperaties en financiële operaties verrichten,behalve deze die wettelijk voorbehouden zijn aan depositobanken,houders van deposito’s op korte termijn,spaarkassen,hypotheekmaatschappijen en kapitalisatieondernemingen.
- Het aangaan van leningen of schulden bij derden(met inbegrip van haar vennoten en haar zaakvoerders)en het maken van alle kosten en doen van alle investeringen die zij nodig of wenselijk acht.
- Het zich borg stellen en/of het verlenen van zakelijke en/of persoonlijke zekerheden tot waarborg van eigen verbintenissen of tot waarborg van verbintenissen van derden,onder meer door haar goederen in hypotheek of in pand te geven,inclusief de eigen handelszaak.
- Dit alles te interpreteren in de meest ruime zin.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Halfwerk
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, voor zover geen wijziging van toepasselijk taalregime” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Het bestuursorgaan is bevoegd om alle handelingen te verrichten die nodig of dienstig zijn tot verwezenlijking van het voorwerp van de…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, natuurlijke personen of rechtspersonen,al dan niet aandeelhouder” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Thursday of June at 14:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Een of meerdere vereffenaars aanduiden,bevoegdheden omlijnen,vergoeding bepalen, op elk moment door algemene vergadering in vormen…” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Aanzuivering schulden,lasten,kosten of consignatie nodige sommen, netto-actief onder alle aandeelhouders naar verhouding aantal…” (deed in Dutch)