LB-WORKS
ActiveLB-WORKS has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €74k and a net result of €10k. Equity is growing by ~12.2% per year across the filed fiscal years. Its solvency ranks better than 32% of 27676 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▲+2
Solvency55▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity short (current ratio 0.38 against 0.35 in 2024; short-term debt: 64.2% and cash: 10.1% of total assets), and 69.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
30.4%
Return on assets
4.3%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-01-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
4 d late
2023
22 d early
2022
on the day
2021
26 d early
2020
5 d early
2018
6 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close20-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€74k▲ 16.4%
2024 · €64k
2018: €699
2020: €43k
2021: €60k
2022: €61k
2023: €57k
2024: €64k
2018 → 2025
Total assets
€244k▼ 2.9%
2024 · €251k
2018: €2k
2020: €329k
2021: €329k
2022: €253k
2023: €272k
2024: €251k
2018 → 2025
Net result
€10k▲ 51.1%
2024 · €7k
2018: €-624
2020: €43k
2021: €43k
2022: €964
2023: €-4k
2024: €7k
2018 → 2025
Working capital
€-97k▲ 4.1%
2024 · €-101k
2018: €699
2020: €22k
2021: €22k
2022: €-62k
2023: €-106k
2024: €-101k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€60k-€61k▲ 1.6%€57k▼ 6.9%€64k▲ 12.2%€74k▲ 16.4%
Operating result€50k-€2k▼ 95.2%€1k▼ 40.3%€13k▲ 815%€18k▲ 36.6%
Net result€43k-€964▼ 97.7%€-4k€7k€10k▲ 51.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 37% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €244k
Fixed assets
€184k▼ 5.8%
Current assets
€59k▲ 7.4%
Equity and liabilities €244k
Equity
€74k▲ 16.4%
Debt
€170k▼ 9.4%
The debt ratio falls from 74.7% to 69.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€47k▲
2024 · €39k
Cash flow
€39k▲
2024 · €33k
Solvency
30.4%▲
2024 · 25.3%
Current ratio
0.38▲
2024 · 0.35
Quick ratio
0.38▲
2024 · 0.35
Debt / equity
2.29▼
2024 · 2.95
ROE
14.1%▲
2024 · 10.9%
ROA
4.3%▲
2024 · 2.8%
Interest coverage
9.89▲
2024 · 6.92
Debt
€170k▼
2024 · €187k
Debt ≤ 1 year
€156k=
2024 · €156k
Debt > 1 year
€13k▼
2024 · €31k
Income taxes
€3k▲
2024 · €643
Staff costs
€3k
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€251k€244k▼
Fixed assets21/28€195k€184k▼
Tangible fixed assets22/27€194k€183k▼
Land and buildings22€73k€69k▼
Plant, machinery and equipment23€10k€23k▲
Furniture and vehicles24€111k€92k▼
Financial fixed assets28€1k€1k=
Current assets29/58€55k€59k▲
Amounts receivable within one year40/41€40k€30k▼
Trade receivables40€36k€29k▼
Other amounts receivable41€4k€2k▼
Cash at bank and in hand54/58€11k€25k▲
Deferred charges and accrued income490/1€4k€4k▲
Equity and liabilities
Total equity and liabilities10/49€251k€244k▼
Equity10/15€64k€74k▲
Contributions10/11€6k€6k=
Reserves13€57k€68k▲
Distributable reserves133€57k€68k▲
Amounts payable17/49€187k€170k▼
Amounts payable after more than one year17€31k€13k▼
Financial debts170/4€31k€13k▼
Amounts payable within one year42/48€156k€156k=
Current portion of amounts payable after more than one year42€17k€18k▲
Trade debts44€13k€9k▼
Suppliers440/4€13k€9k▼
Taxes, remuneration and social security45€1k€4k▲
Taxes450/3€1k€4k▲
Other amounts payable47/48€125k€126k▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62-€3k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€29k▲
Other operating charges640/8€2k€965▼
Gross operating margin9900€41k€50k▲
Operating profit (loss)9901€13k€18k▲
Financial income75/76B€84€114▲
Recurring financial income75€84€114▲
Financial charges65/66B€6k€5k▼
Recurring financial charges65€6k€5k▼
Profit (loss) for the period before taxes9903€8k€13k▲
Income taxes67/77€643€3k▲
Profit (loss) for the period9904€7k€10k▲
Profit (loss) for the period to be appropriated9905€7k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€7k€10k▲
Transfer from equity791/2€0-
Transfer to equity691/2€7k€10k▲
To the legal reserve6920€7k€10k▲
The notes to these accounts (13 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
27-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
04-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
30-06
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
09-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet €-4k ▼537%
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
05-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Back to profitnet €43k
Net result €43k after one loss-making year.
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
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, Hulshout · 1 establishment unit since 2013
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.
Jozef Michielsstraat 332235 HulshoutGround area
1,220 m²
Building footprint
105 m²
Volume, LiDAR
534 m³
Parcel 13050A0252/00H000, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Jozef Michielsstraat 33, 2235 Hulshout
since 20132.220.874.089
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13050A0252/00H000 | Flanders | 1,220 m² | 1 · 105 m² | 7.4 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 242 EUR awarded · 242 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 242 EUR | 242 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
WHB Schrijnwerken
BE 0803.894.428
Roeselare · Eq €74k
CAMI MARIO
BE 1003.950.097
Deinze · Eq €74k
AC TEAM
BE 0775.535.388
Destelbergen · Eq €74k
Euro Gevel
BE 0798.146.979
Nijlen · Eq €74k
COLOR & AMOR
BE 0847.656.670
Brussel · Eq €74k
Of 15,529 companies in sector 43990 we hold annual accounts for 7,421. 6,237 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-08-2013
Fiscal year end30-06
Activities, NACEBEL
43310Plastering work
43990Other specialised construction activities
43995Specialised construction activities
01610Support activities for crop production
43350Other building finishing work
68110Buying and selling of own real estate
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.