Human@Work
ActiveSummary
Human@Work has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €29k and a net result of €57k. Equity is shrinking by ~17.2% per year across the filed fiscal years. Its solvency ranks better than 16% of 637 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability85▼-15
Solvency32▼-33
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity short (current ratio 0.25 against 1.09 in 2023; short-term debt: 51.8% and cash: 9.5% of total assets), and 93.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 72
Relative position
BE, all sectors
reference
Scientific research and development (NACE 72)
about 30% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · 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 2024Solvency, return and age of the figures
Solvency
6.5%
Return on assets
12.8%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 637 sector peers (2024).
NBB · sector comparisonPosition among 637 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-06-2025, 33 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
33 d early
2023
42 d early
2022
44 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€29k▼ 63.6%
2023 · €79k
2022: €44k
2023: €79k▲ +79.9% vs 2022highest in 3 years
2024: €29k▼ -63.6% vs 2023lowest in 3 years
2022 → 2024
Total assets
€443k▲ 126%
2023 · €196k
2022: €204k
2023: €196k▼ -3.8% vs 2022lowest in 3 years
2024: €443k▲ +126% vs 2023highest in 3 years
2022 → 2024
Net result
€57k▲ 13.1%
2023 · €50k
2022: €43klowest in 3 years
2023: €50k▲ +17.4% vs 2022
2024: €57k▲ +13.1% vs 2023highest in 3 years
2022 → 2024
Working capital
€-172k
2023 · €5k
2022: €-19k
2023: €5k▲ +128% vs 2022highest in 3 years
2024: €-172k▼ -3394% vs 2023lowest in 3 years
2022 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€44k-€79k▲ 79.9%€29k▼ 63.6%
2022: €44k
2023: €79k▲ +79.9% vs 2022highest in 3 years
2024: €29k▼ -63.6% vs 2023lowest in 3 years
Operating result€62k-€77k▲ 23.0%€89k▲ 16.7%
2022: €62klowest in 3 years
2023: €77k▲ +23.0% vs 2022
2024: €89k▲ +16.7% vs 2023highest in 3 years
Net result€43k-€50k▲ 17.4%€57k▲ 13.1%
2022: €43klowest in 3 years
2023: €50k▲ +17.4% vs 2022
2024: €57k▲ +13.1% vs 2023highest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2024 is 17% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €443k
Fixed assets
€386k ▲ 189%
Current assets
€57k ▼ 8.4%
Equity and liabilities €443k
Equity
€29k ▼ 63.6%
Debt
€414k ▲ 254%
Debt's share of the balance-sheet total rises from 59.6% to 93.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€90k▲
2023 · €79k
Cash flow
€58k▲
2023 · €53k
Current ratio
0.25▼
2023 · 1.09
Debt to equity
14.37▲
2023 · 1.48
ROE
196.9%▲
2023 · 63.4%
ROA
12.8%▼
2023 · 25.6%
Interest coverage
8.74▼
2023 · 24.68
Debt ≤ 1 year
€229k▲
2023 · €57k
Debt > 1 year
€183k▲
2023 · €58k
Income taxes
€22k▼
2023 · €23k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€196k€443k▲
Fixed assets21/28€134k€386k▲
Tangible fixed assets22/27€4k€3k▼
Plant, machinery and equipment23€3k€3k▼
Furniture and vehicles24€325€0▼
Financial fixed assets28€130k€383k▲
Current assets29/58€62k€57k▼
Amounts receivable within one year40/41€19k€13k▼
Trade receivables40€19k€12k▼
Other amounts receivable41-€2k
Cash at bank and in hand54/58€43k€42k▼
Deferred charges and accrued income490/1€308€1k▲
Equity and liabilities
Total equity and liabilities10/49€196k€443k▲
Equity10/15€79k€29k▼
Contributions10/11€250€250=
Reserves13€79k€29k▼
Distributable reserves133€79k€29k▼
Profit (loss) carried forward14€5€31▲
Amounts payable17/49€117k€414k▲
Amounts payable after more than one year17€58k€183k▲
Financial debts170/4€58k€183k▲
Amounts payable within one year42/48€57k€229k▲
Current portion of amounts payable after more than one year42€14k€38k▲
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Taxes, remuneration and social security45€18k€28k▲
Taxes450/3€18k€28k▲
Other amounts payable47/48€21k€162k▲
Accrued charges and deferred income492/3€1k€1k=
Income statement
Code20232024
Non-recurring operating income76A€5k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€1k▼
Other operating charges640/8€772€488▼
Gross operating margin9900€80k€91k▲
Operating profit (loss)9901€77k€89k▲
Financial income75/76B€205€92▼
Recurring financial income75€205€92▼
Financial charges65/66B€3k€10k▲
Recurring financial charges65€3k€10k▲
Profit (loss) for the period before taxes9903€74k€79k▲
Income taxes67/77€23k€22k▼
Profit (loss) for the period9904€50k€57k▲
Profit (loss) for the period to be appropriated9905€50k€57k▲
Appropriation of the result
Profit (loss) to be appropriated9906€50k€57k▲
Profit (loss) brought forward from the previous period14P€1€5▲
Transfer from equity791/2€14k€55k▲
Transfer to equity691/2€49k€5k▼
To other reserves6921€49k€5k▼
Profit to be distributed694/7€15k€107k▲
Return on contributions (dividend)694€15k€107k▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | €5k | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €2k | €1k | ▼ 55.1% |
| Other operating charges640/8 | €1k | €772 | €488 | ▼ 36.7% |
| Gross operating margin9900 | €67k | €80k | €91k | ▲ 13.9% |
| Operating profit (loss)9901 | €62k | €77k | €89k | ▲ 16.7% |
| Financial income75/76B | €0 | €205 | €92 | ▼ 55.2% |
| Recurring financial income75 | €0 | €205 | €92 | ▼ 55.2% |
| Financial charges65/66B | €2k | €3k | €10k | ▲ 223% |
| Recurring financial charges65 | €2k | €3k | €10k | ▲ 223% |
| Profit (loss) for the period before taxes9903 | €60k | €74k | €79k | ▲ 7.5% |
| Income taxes67/77 | €18k | €23k | €22k | ▼ 4.7% |
| Profit (loss) for the period9904 | €43k | €50k | €57k | ▲ 13.1% |
| Profit (loss) for the period to be appropriated9905 | €43k | €50k | €57k | ▲ 13.1% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €204k | €196k | €443k | ▲ 126% |
| Fixed assets21/28 | €135k | €134k | €386k | ▲ 189% |
| Tangible fixed assets22/27 | €5k | €4k | €3k | ▼ 30.8% |
| Plant, machinery and equipment23 | - | €3k | €3k | ▼ 24.0% |
| Furniture and vehicles24 | €5k | €325 | €0 | ▼ 100% |
| Financial fixed assets28 | €130k | €130k | €383k | ▲ 195% |
| Current assets29/58 | €69k | €62k | €57k | ▼ 8.4% |
| Amounts receivable within one year40/41 | €14k | €19k | €13k | ▼ 28.6% |
| Trade receivables40 | €14k | €19k | €12k | ▼ 37.5% |
| Other amounts receivable41 | - | - | €2k | - |
| Cash at bank and in hand54/58 | €55k | €43k | €42k | ▼ 2.1% |
| Deferred charges and accrued income490/1 | €176 | €308 | €1k | ▲ 348% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €204k | €196k | €443k | ▲ 126% |
| Equity10/15 | €44k | €79k | €29k | ▼ 63.6% |
| Contributions10/11 | €250 | €250 | €250 | = |
| Reserves13 | €44k | €79k | €29k | ▼ 63.8% |
| Distributable reserves133 | €44k | €79k | €29k | ▼ 63.8% |
| Profit (loss) carried forward14 | €1 | €5 | €31 | ▲ 514% |
| Amounts payable17/49 | €160k | €117k | €414k | ▲ 254% |
| Amounts payable after more than one year17 | €73k | €58k | €183k | ▲ 213% |
| Financial debts170/4 | €73k | €58k | €183k | ▲ 213% |
| Amounts payable within one year42/48 | €87k | €57k | €229k | ▲ 302% |
| Current portion of amounts payable after more than one year42 | €14k | €14k | €38k | ▲ 169% |
| Trade debts44 | €3k | €3k | €2k | ▼ 50.9% |
| Suppliers440/4 | €3k | €3k | €2k | ▼ 50.9% |
| Taxes, remuneration and social security45 | €16k | €18k | €28k | ▲ 53.1% |
| Taxes450/3 | €16k | €18k | €28k | ▲ 53.1% |
| Remuneration and social security454/9 | €0 | - | - | - |
| Other amounts payable47/48 | €54k | €21k | €162k | ▲ 659% |
| Accrued charges and deferred income492/3 | - | €1k | €1k | = |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €43k | €50k | €57k | ▲ 13.1% |
| + Depreciation and write-downs630 | €4k | €2k | €1k | ▼ 55.1% |
| Operating cash flow (approximation) | €46k | €53k | €58k | ▲ 9.9% |
| Investment in fixed assets (approximation) | - | €-1k | €-253k | ▼ 23,259% |
| Change in cash | - | €-11k | €-903 | ▲ 92.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
28-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2022net €57k ▲13.1%
Operating result €89k, net result €57k, both a record.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
17-06
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.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Lochristi · 1 establishment unit since 2017
Ground area
830 m²
Building footprint
136 m²
Parcel 44076F0772/00D000, Flanders. Linked by address, not a title deed.
1 establishment unit
The Power of People
since 20172.260.726.441
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44076F0772/00D000 | Flanders | 830 m² | 1 · 136 m² | - |
Linked by address, not proof of ownership
Good to know
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 · 4 entries · 13,552 EUR awarded · 13,552 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 7,140 EUR | 7,140 EUR |
| 2024 | 1 | 2,984 EUR | 2,984 EUR |
| 2023 | 1 | 825 EUR | 825 EUR |
| 2022 | 1 | 2,603 EUR | 2,603 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 423 companies in sector 72200 we hold annual accounts for 145. 75 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-01-2017
Fiscal year end31-12
Activities, NACEBEL 2025
72200Scientific research and development
73200Market research and public opinion polling
78200Temporary employment agencies and other provision of personnel
Scores and ratios are computed by Checked and are not a credit decision.