HEALTH2WORK
ActiveHEALTH2WORK has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €134k and a net result of €41k. Equity is growing by ~33.7% per year across the filed fiscal years. Its solvency ranks better than 30% of 237 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
68
/ 100
Healthy▲ +46 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency36▼-1
Growth78=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity tight (current ratio 1.25 against 1.22 in 2024), and 77.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 31
Relative position
BE, all sectors
reference
Sector 31
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
22.2%
Return on assets
6.7%
Age of the figures
8 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 19-05-2026, 73 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
73 d early
2024
71 d early
2023
36 d early
2022
47 d early
2021
52 d early
2020
96 d early
2019
64 d early
← before the deadline
after the deadline →
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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€134k=
2024 · €134k
2018: €-82k
2019: €-82k
2020: €39k
2021: €76k
2022: €158k
2023: €158k
2024: €134k
2018 → 2025
Total assets
€607k▲ 3.1%
2024 · €588k
2018: €360k
2019: €377k
2020: €542k
2021: €440k
2022: €575k
2023: €632k
2024: €588k
2018 → 2025
Net result
€41k
2024 · €-23k
2018: €-57k
2019: €45k
2020: €76k
2021: €37k
2022: €81k
2023: €32k
2024: €-23k
2018 → 2025
Working capital
€112k▲ 19.1%
2024 · €94k
2018: €23k
2019: €-33k
2020: €769
2021: €23k
2022: €63k
2023: €73k
2024: €94k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€76k-€158k▲ 107%€158k=€134k▼ 14.8%€134k=
Operating result€58k-€122k▲ 111%€58k▼ 52.3%€-22k€61k
Net result€37k-€81k▲ 121%€32k▼ 60.1%€-23k€41k
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 2025: €61k after a loss of €22k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €607k
Fixed assets
€52k▼ 24.4%
Current assets
€555k▲ 6.8%
Equity and liabilities €607k
Equity
€134k=
Debt
€472k▲ 4.1%
The debt ratio rises from 77.2% to 77.8%: debt grows faster than equity.
Key figures and ratios
EBITDA
€78k▲
2024 · €-1k
Cash flow
€58k▲
2024 · €-2k
Solvency
22.2%▼
2024 · 22.8%
Current ratio
1.25▲
2024 · 1.22
Quick ratio
0.60▼
2024 · 0.67
Debt / equity
3.51▲
2024 · 3.38
ROE
30.4%▲
2024 · -17.3%
ROA
6.7%▲
2024 · -4.0%
Interest coverage
23.84▲
2024 · -1.31
Debt
€472k▲
2024 · €454k
Debt ≤ 1 year
€443k▲
2024 · €425k
Debt > 1 year
€29k▲
2024 · €28k
Income taxes
€17k▲
2024 · €446
Staff costs
€355k▲
2024 · €325k
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€588k€607k▲
Fixed assets21/28€69k€52k▼
Intangible fixed assets21€5k€4k▼
Tangible fixed assets22/27€64k€48k▼
Plant, machinery and equipment23€6k€6k▼
Furniture and vehicles24€12k€4k▼
Other tangible fixed assets26€46k€39k▼
Current assets29/58€519k€555k▲
Stocks and contracts in progress3€236k€288k▲
Stocks30/36€236k€288k▲
Amounts receivable within one year40/41€252k€244k▼
Trade receivables40€252k€241k▼
Other amounts receivable41€245€3k▲
Cash at bank and in hand54/58€11k€19k▲
Deferred charges and accrued income490/1€21k€3k▼
Equity and liabilities
Total equity and liabilities10/49€588k€607k▲
Equity10/15€134k€134k=
Contributions10/11€19k€19k=
Reserves13€116k€116k=
Distributable reserves133€116k€116k=
Amounts payable17/49€454k€472k▲
Amounts payable after more than one year17€28k€29k▲
Other amounts payable178/9€28k€29k▲
Amounts payable within one year42/48€425k€443k▲
Trade debts44€271k€236k▼
Suppliers440/4€271k€236k▼
Advances received on contracts in progress46€33k€21k▼
Taxes, remuneration and social security45€122k€144k▲
Taxes450/3€71k€89k▲
Remuneration and social security454/9€50k€55k▲
Other amounts payable47/48-€41k
Accrued charges and deferred income492/3€786€816▲
Income statement
Code20242025
Remuneration, social security and pensions62€325k€355k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€17k▼
Other operating charges640/8€1k€2k▲
Gross operating margin9900€325k€435k▲
Operating profit (loss)9901€-22k€61k▲
Financial income75/76B€311-
Recurring financial income75€311-
Financial charges65/66B€922€3k▲
Recurring financial charges65€922€3k▲
Profit (loss) for the period before taxes9903€-23k€58k▲
Income taxes67/77€446€17k▲
Profit (loss) for the period9904€-23k€41k▲
Profit (loss) for the period to be appropriated9905€-23k€41k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-23k€41k▲
Transfer from equity791/2€23k-
Profit to be distributed694/7-€41k
Return on contributions (dividend)694-€41k
Social balance
Average headcount (FTE)90875.05.0=
The notes to these accounts (8 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
19-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €41k
Net result €41k after one loss-making year.
21-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €81k ▲121%
Operating result €122k, net result €81k, both a record.
31-12
Financial
Equity above €150kEq €158k ▲107%
4 profitable years in a row build equity to €158k.
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
26-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
28-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €45k
Net result €45k after one loss-making year.
06-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-06
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
2 directors, no change since 2022
New Concept Group b.v.
CurrentDirector · since 21-04-2022 · Legal entity · perm. rep.: Boersma Douwe Jan
De Bruin Beheer B.V
CurrentDirector · since 15-02-2022 · Legal entity · perm. rep.: De Bruin Heine
21-04-2022
New Concept Group b.v.: Appointed as Director
15-02-2022
De Bruin Beheer B.V: Appointed as Director
Location & real-estate footprint
Registered office, Gent · 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.
Korte Magerstraat 49050 GentGround area
641 m²
Building footprint
385 m²
Volume, LiDAR
1,618 m³
Parcel 44362B0216/00Z004, Flanders · tallest building 5.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
HEALTH2WORK
since 20162.254.952.367
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44362B0216/00Z004 | Flanders | 641 m² | 1 · 385 m² | 5.5 m · 1 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
2022 to 2025 · 2 entries · 8,398 EUR awarded · 8,398 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 7,290 EUR | 7,290 EUR |
| 2022 | 1 | 1,108 EUR | 1,108 EUR |
Schemes
Subsidies ter ondersteuning van de professionele integratie van personen met een arbeidsbeperking
Similar companies · same sector, comparable size
MIRABLAU
BE 0895.661.277
Bilzen-Hoeselt · Eq €135k
DAVID S.
BE 0578.944.795
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Divanu
BE 0864.261.882
Dilsen-Stokkem · Eq €135k
Kunstwerkstede ter Schoote
BE 0415.329.155
Dendermonde · Eq €134k
Les Etablissements J.D.V.
BE 0401.823.191
Sint-Gillis (bij-Brussel) · Eq €135k
Of 1,496 companies in sector 31004 we hold annual accounts for 614. 465 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-07-2016
Fiscal year end31-12
Activities, NACEBEL
31004Manufacture of dining room, living room, bedroom and bathroom furniture
46472Wholesale trade
46650Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.