KC-WORKS
ActiveThe computed 12-month bankruptcy probability of KC-WORKS is 3.0% (moderate). The 2024 annual accounts show equity of €51k and a net result of €20k. Equity is growing by ~54.6% per year across the filed fiscal years. The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
51
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability89▼-5
Solvency65▼-8
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days only on tighter terms
Liquidity ample (current ratio 1.51 against 1.43 in 2023; short-term debt: 59.8% and cash: 2% of total assets), but 60.1% 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.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
39.9%
Return on assets
15.9%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-12-2025, 123 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
123 d late
2023
88 d late
2022
451 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€51k▲ 66.5%
2023 · €31k
2022: €18k
2023: €31k
2022 → 2024
Total assets
€128k▲ 100%
2023 · €64k
2022: €23k
2023: €64k
2022 → 2024
Net result
€20k▲ 56.0%
2023 · €13k
2022: €16k
2023: €13k
2022 → 2024
Working capital
€39k▲ 182%
2023 · €14k
2022: €14k
2023: €14k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€18k-€31k▲ 74.3%€51k▲ 66.5%
Operating result€20k-€17k▼ 12.4%€27k▲ 57.8%
Net result€16k-€13k▼ 18.7%€20k▲ 56.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 58% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €128k
Fixed assets
€12k▼ 29.5%
Current assets
€116k▲ 148%
Equity and liabilities €128k
Equity
€51k▲ 66.5%
Debt
€77k▲ 132%
The debt ratio rises from 52.0% to 60.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€32k▲
2023 · €20k
Cash flow
€25k▲
2023 · €16k
Solvency
39.9%▼
2023 · 48.0%
Current ratio
1.51▲
2023 · 1.43
Quick ratio
1.51▲
2023 · 1.43
Debt / equity
1.51▲
2023 · 1.08
ROE
39.9%▼
2023 · 42.6%
ROA
15.9%▼
2023 · 20.5%
Interest coverage
77.11▲
2023 · 34.08
Debt
€77k▲
2023 · €33k
Debt ≤ 1 year
€76k▲
2023 · €33k
Income taxes
€8k▲
2023 · €4k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€64k€128k▲
Fixed assets21/28€17k€12k▼
Tangible fixed assets22/27€17k€12k▼
Plant, machinery and equipment23€3k€1k▼
Furniture and vehicles24€14k€11k▼
Current assets29/58€47k€116k▲
Amounts receivable within one year40/41€41k€113k▲
Trade receivables40€31k€66k▲
Other amounts receivable41€10k€47k▲
Cash at bank and in hand54/58€4k€3k▼
Deferred charges and accrued income490/1€1k-
Equity and liabilities
Total equity and liabilities10/49€64k€128k▲
Equity10/15€31k€51k▲
Contributions10/11€2k€2k=
Reserves13€29k€49k▲
Distributable reserves133€29k€49k▲
Amounts payable17/49€33k€77k▲
Amounts payable within one year42/48€33k€76k▲
Trade debts44€20k€39k▲
Suppliers440/4€20k€39k▲
Advances received on contracts in progress46€5k€21k▲
Taxes, remuneration and social security45€8k€16k▲
Taxes450/3€8k€16k▲
Accrued charges and deferred income492/3€386€386=
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€5k▲
Other operating charges640/8€200€491▲
Gross operating margin9900€20k€33k▲
Operating profit (loss)9901€17k€27k▲
Financial income75/76B€372€1k▲
Recurring financial income75€372€1k▲
Financial charges65/66B€589€421▼
Recurring financial charges65€589€421▼
Profit (loss) for the period before taxes9903€17k€28k▲
Income taxes67/77€4k€8k▲
Profit (loss) for the period9904€13k€20k▲
Profit (loss) for the period to be appropriated9905€13k€20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€13k€20k▲
Transfer to equity691/2€13k€20k▲
To other reserves6921€13k€20k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
01-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 123 days late
2024
31-12
Financial
Highest result since 2022net €20k ▲56%
Operating result €27k, net result €20k, both a record.
27-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 88 days late
24-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 451 days late
2023
31-12
Financial
Weakest financial yearnet €13k ▼18.7%
Net result drops to €13k, the lowest in the series; recovery starts the following year.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Temse · 1 establishment unit since 2022
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.
Parklaan 609140 TemseGround area
1,385 m²
Building footprint
257 m²
Volume, LiDAR
1,827 m³
Parcel 46302D1387/00H002, Flanders · tallest building 13.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Parklaan 60, 9140 Temse
since 20222.326.808.581
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46302D1387/00H002 | Flanders | 1,385 m² | 1 · 257 m² | 13.3 m · 2 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.
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-01-2022
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.