K2@WORK
ActiveSummary
K2@WORK has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €181k and a net result of €63k. Equity is growing by ~15.3% per year across the filed fiscal years. Its solvency ranks better than 56% of 7500 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability90▼-7
Solvency74▼-26
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 1.57 against 4.06 in 2024; short-term debt: 50.8% and cash: 13.2% of total assets), but 50.8% of the assets are financed with debt.
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Signals
Three 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← 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
49.2%
Return on assets
17%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 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 · 8 filingsDeviation from the deadline
2025
6 d late
2024
18 d late
2023
69 d early
2022
4 d early
2021
30 d early
2020
86 d early
2019
173 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark
Financials · fiscal year 2025, micro schema
Equity
€181k▼ 28.2%
2024 · €253k
Total assets
€369k▲ 21.0%
2024 · €305k
Net result
€63k▼ 10.2%
2024 · €70k
Working capital
€107k▼ 32.8%
2024 · €159k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€75k▲ 26.2%€56k▼ 25.0%€57k▲ 1.5%€89k▲ 57.2%€87k▼ 3.1%
Net result€53k▲ 26.9%€40k▼ 24.5%€41k▲ 1.9%€70k▲ 72.4%€63k▼ 10.2%
Equity€198k▲ 36.3%€238k▲ 20.1%€218k▼ 8.5%€253k▲ 16.1%€181k▼ 28.2%
Total assets€291k▲ 66.2%€312k▲ 7.5%€314k▲ 0.7%€305k▼ 3.1%€369k▲ 21.0%
Debt€92k▲ 214%€74k▼ 19.6%€97k▲ 30.2%€52k▼ 46.3%€187k▲ 260%
Working capital€156k▲ 13.3%€134k▼ 14.4%€105k▼ 21.3%€159k▲ 51.1%€107k▼ 32.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 3% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €369k
Fixed assets
€74k ▼ 20.4%
Current assets
€294k ▲ 39.3%
Equity and liabilities €369k
Equity
€181k ▼ 28.2%
Debt
€187k ▲ 260%
Debt's share of the balance-sheet total rises from 17.1% to 50.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€109k▼
2024 · €112k
Cash flow
€85k▼
2024 · €92k
Current ratio
1.57▼
2024 · 4.06
Debt to equity
1.03▲
2024 · 0.21
ROE
34.6%▲
2024 · 27.7%
ROA
17.0%▼
2024 · 23.0%
Interest coverage
38.91▼
2024 · 57.59
Debt ≤ 1 year
€187k▲
2024 · €52k
Income taxes
€25k▼
2024 · €26k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15k | €19k | €22k | €22k | €22k | ▲ 0.5% |
| Other operating charges640/8 | €165 | €567 | €141 | €72 | €87 | ▲ 20.9% |
| Gross operating margin9900 | €90k | €75k | €79k | €112k | €109k | ▼ 2.4% |
| Operating profit (loss)9901 | €75k | €56k | €57k | €89k | €87k | ▼ 3.1% |
| Financial income75/76B | €317 | €685 | €822 | €8k | €4k | ▼ 46.0% |
| Recurring financial income75 | €317 | €685 | €822 | €8k | €4k | ▼ 46.0% |
| Financial charges65/66B | €930 | €1k | €1k | €2k | €3k | ▲ 44.4% |
| Recurring financial charges65 | €930 | €1k | €1k | €2k | €3k | ▲ 44.4% |
| Profit (loss) for the period before taxes9903 | €74k | €55k | €57k | €96k | €88k | ▼ 7.8% |
| Income taxes67/77 | €21k | €16k | €16k | €26k | €25k | ▼ 1.1% |
| Profit (loss) for the period9904 | €53k | €40k | €41k | €70k | €63k | ▼ 10.2% |
| Profit (loss) for the period to be appropriated9905 | €53k | €40k | €41k | €70k | €63k | ▼ 10.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €291k | €312k | €314k | €305k | €369k | ▲ 21.0% |
| Fixed assets21/28 | €80k | €125k | €116k | €93k | €74k | ▼ 20.4% |
| Tangible fixed assets22/27 | €80k | €125k | €116k | €93k | €74k | ▼ 20.4% |
| Land and buildings22 | €11k | €73k | €77k | €72k | €70k | ▼ 3.1% |
| Furniture and vehicles24 | €69k | €52k | €39k | €22k | €5k | ▼ 78.0% |
| Current assets29/58 | €210k | €187k | €199k | €211k | €294k | ▲ 39.3% |
| Amounts receivable within one year40/41 | €57k | €51k | €28k | €22k | €16k | ▼ 28.8% |
| Trade receivables40 | €53k | €42k | €16k | €14k | €14k | = |
| Other amounts receivable41 | €4k | €9k | €12k | €8k | €1k | ▼ 81.9% |
| Current investments50/53 | €10k | €10k | €80k | €154k | €230k | ▲ 49.1% |
| Cash at bank and in hand54/58 | €143k | €126k | €90k | €35k | €49k | ▲ 40.4% |
| Deferred charges and accrued income490/1 | €1k | €202 | €270 | €423 | €218 | ▼ 48.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €291k | €312k | €314k | €305k | €369k | ▲ 21.0% |
| Equity10/15 | €198k | €238k | €218k | €253k | €181k | ▼ 28.2% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €192k | €232k | €212k | €247k | €175k | ▼ 28.9% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €190k | €230k | €210k | €245k | €173k | ▼ 29.1% |
| Amounts payable17/49 | €92k | €74k | €97k | €52k | €187k | ▲ 260% |
| Amounts payable after more than one year17 | €38k | €21k | €3k | - | - | - |
| Financial debts170/4 | €38k | €21k | €3k | - | - | - |
| Amounts payable within one year42/48 | €54k | €53k | €93k | €52k | €187k | ▲ 260% |
| Current portion of amounts payable after more than one year42 | €17k | €17k | €17k | €3k | €464 | ▼ 86.5% |
| Trade debts44 | €2k | €8k | €241 | - | €522 | - |
| Suppliers440/4 | €2k | €8k | €241 | - | €522 | - |
| Taxes, remuneration and social security45 | €34k | €28k | €14k | €14k | €22k | ▲ 58.3% |
| Taxes450/3 | €34k | €28k | €11k | €14k | €22k | ▲ 58.3% |
| Remuneration and social security454/9 | - | - | €3k | - | - | - |
| Other amounts payable47/48 | - | - | €62k | €35k | €165k | ▲ 371% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €53k | €40k | €41k | €70k | €63k | ▼ 10.2% |
| + Depreciation and write-downs630 | €15k | €19k | €22k | €22k | €22k | ▲ 0.5% |
| Operating cash flow (approximation) | €68k | €59k | €63k | €92k | €85k | ▼ 7.7% |
| Investment in fixed assets (approximation) | - | €-64k | €-13k | €0 | €-3k | - |
| Change in cash | - | €-17k | €-36k | €-55k | €14k | ▲ 125% |
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
Next filing, fiscal year 2026, expected by
2026
06-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 6 days late
2025
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 18 days late
2024
31-12
Financial
Highest result since 2018net €70k ▲72.4%
Net result €70k, the highest in the series.
23-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €238k ▲20.1%
5 profitable years in a row build equity to €238k.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150kEq €198k ▲36.3%
4 profitable years in a row build equity to €198k.
06-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
20-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 173 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 5.69
Current ratio from 2.73 to 5.69; short-term debt falls from €55k to €29k.
2019
31-12
Financial
Weakest financial yearnet €35k ▼44.3%
Net result drops to €35k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €100kEq €104k ▲50.7%
2 profitable years in a row build equity to €104k.
07-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Sint-Truiden
Ground area
222 m²
Building footprint
82 m²
Volume, LiDAR
887 m³
Parcel 71352D0746/00F002, Flanders · tallest building 13.6 m, ±4 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71352D0746/00F002 | Flanders | 222 m² | 1 · 82 m² | 13.6 m · 4 fl. |
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
2024 · 1 entry · 555 EUR awarded · 555 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 555 EUR | 555 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
9845005C74FCNBC08631
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Of 2,454 companies in sector 41003 we hold annual accounts for 1,055. 720 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
Founded30-01-2017
Fiscal year end31-12
Activities, NACEBEL 2025
41003General construction of other non-residential buildings
43410Roofing work
56309Food and beverage service activities
Scores and ratios are computed by Checked and are not a credit decision.