ID Works

Active

Private limited companyfounded 20224 yrs activePetrus Van Nuffelstraat 88, 9300 Aalst, BelgiumKBO/BCE: BE 0787.650.985

Summary

The computed 12-month bankruptcy probability of ID Works is 4.8% (elevated). For ID Works, one filing cycle of the annual accounts is missing. The 2024 annual accounts show equity of €790 and a net result of -€3,807. Its solvency ranks better than 21% of 9971 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch Report Compare

ID WorksActive

Risk analysis Report Compare

Activity

General construction of residential buildings

NACE 41001General construction of buildings NACE 41201

1 site

Size

€6,023total assets 2024

Equity: €790
Loss: -€3,807

Turnover not published (abridged schema)

Financial health

Bankruptcy chance 12 m: 4.8%

2024 figures too old to score

Structure

Accounts 245 d overdue0 of 2 deeds read

Signals- Figures for FY 2024 (filed 27-02-2025)- 1 financial year not filed after the legal deadline; latest accounts 28 days late- Annual accounts not filed+ Liquidity: current ratio 1.15, cash €4,389+ Size: total assets €6,023Filed after the deadlineShow the evidence

Checked score

No current score

Figures too old

The available figures for FY 2024 are too old to assess current financial health.

Bankruptcy probability: Elevated

Filing: One filing cycle is missing

Financial strength, FY 2024 · tick = 2023

Weak

Solvency 38-25

equity 13.1% of total assets

Liquidity 52-15

short-term debt 86.9% · cash 72.9%

Profitability 0-70

return on assets -63.2%

Bankruptcy probability, 12 months

4.8% Elevated

0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.6% (13,187 companies)

Last 24 months 11-2024: 1.2%lowest value 12-2024: 1.2%▲ +4.1% vs 11-2024 01-2025: 1.3%▲ +6.7% vs 12-2024 02-2025: 1.8%▲ +38.2% vs 01-2025 03-2025: 2.3%▲ +25.6% vs 02-2025 04-2025: 2.3%● 0.0% vs 03-2025 05-2025: 2.3%● 0.0% vs 04-2025 06-2025: 2.3%● 0.0% vs 05-2025 07-2025: 2.2%▼ -0.9% vs 06-2025 08-2025: 2.2%● 0.0% vs 07-2025 09-2025: 2.2%▼ -0.2% vs 08-2025 10-2025: 2.3%▲ +3.0% vs 09-2025 11-2025: 2.3%● -0.0% vs 10-2025 12-2025: 2.3%▼ -0.2% vs 11-2025 01-2026: 2.5%▲ +9.7% vs 12-2025 02-2026: 3.1%▲ +24.6% vs 01-2026 03-2026: 2.8%▼ -9.4% vs 02-2026 04-2026: 3.5%▲ +22.6% vs 03-2026 05-2026: 3.5%▲ +0.2% vs 04-2026 06-2026: 4.2%▲ +20.1% vs 05-2026 07-2026: 5.1%▲ +21.7% vs 06-2026 08-2026: 5.1%● 0.0% vs 07-2026 09-2026: 5.2%▲ +2.3% vs 08-2026highest value 10-2026: 4.8%▼ -7.5% vs 09-2026

Figures for FY 2024 (filed 27-02-2025) raises the probability
1 financial year not filed after the legal deadline; latest accounts 28 days late raises the probability
Liquidity: current ratio 1.15, cash €4,389 lowers the probability
Size: total assets €6,023 lowers the probability for this profile

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Signals

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

−lowers risk+raises risk○neutral

Figures for FY 2024 (filed 27-02-2025)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

1 financial year not filed after the legal deadline; latest accounts 28 days late

In the bankruptcy model this factor raises the probability.

NBB · filings

Liquidity: current ratio 1.15, cash €4,389

In the bankruptcy model this factor lowers the probability.

NBB · annual accounts

Size: total assets €6,023

In the bankruptcy model this factor lowers the probability for this profile.

NBB · annual accounts

Annual accounts not filed

The financial year that closed on 30-06-2025 was due at the National Bank by 31-01-2026. Nothing is on record, 245 days later.

NBB · 2 filings

Position against the passed deadline

30-06-2025 close31-01-2026 deadline03-10-2026 today

Filed after the deadline

The financial year that closed on 30-06-2024 was due by 31-01-2025 and was filed on 27-02-2025, 27 days 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 · 2 filings

Deviation from the deadline

2025

not filed

2024

27 d late

2023

on the day

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 14 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

Checked, nothing found (1)

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

27-02-25 Annual accounts filedfiscal year 2024 · micro…
31-01-24 Annual accounts filedfiscal year 2023 · micro…

Key points

Risk: Accounts not fileddeadline was 31-01-2026 245 d late View
Caution: Among the weakest 14% on equitysector median €45,256 · 9,985 companies €790 View
Total assets 20242 fiscal years filed €6,023 View