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LIFEWORX GROUP

Active
Kortrijksesteenweg 88 ·9830 Sint-Martens-Latem, Belgium
KBO/BCE: BE 0793.500.679
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Age3 yrs
Staff (FTE)5.5
Real estate1 parcel · 2,959 m²

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of LIFEWORX GROUP is 0.3% (very low). The 2024 annual accounts show equity of €3.62M and a net result of €961k. Its solvency ranks better than 61% of 972 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.

Signals

1 signal · with evidence
Consistently profitable
Positive net result in the two most recent financial years (2023 and 2024).
View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
Deadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 13 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-08-2025, 2 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.
How we compute the deadline
The year end is derived from 2 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 02-08-2025 2 d late 2025-00355613
31-12-2023 31-07-2024 29-07-2024 2 d early 2024-00298761

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
More than 3 years active
Founded in 2022, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
0.3% Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector −Young company +Lower-risk legal form −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

Turnover€2.58M+214.6%
EBIT margin2.9%+10.9pp
Net result€961k+33.7%
Working capital€-1.19M

Annual accounts & ratios

Source: NBB · 2024
Annual accounts filed on 02-08-2025 with the NBB · fiscal year 2024 · volledig
€-1.00M€0€1.00M€2.00M€3.00MRevenue 2023: €820k€820kOperating result 2023: €-66k€-66kNet result 2023: €719k€719kRevenue 2024: €2.58M€2.58MOperating result 2024: €75k€75kNet result 2024: €961k€961k20232024
RevenueOperating resultNet result
Sector comparison
Fiscal year 2024 · NACE 70, Head offices & management consulting · compared within the same schema type (full schema)
Metric This company Sector median Position in the sector
Solvency 52.2% 39.7%
better than 61% of 972 sector peers
Net result €961k €32k
better than 92% of 972 sector peers
Equity €3.62M €152k
better than 85% of 973 sector peers
Staff costs €395k €191k
higher than 65% of 257 sector peers
Employees (FTE) 5.5 1.9
better than 74% of 277 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Revenue
€2.58M
+214.6% 23-24
EBITDA
€131k
- 23-24
Net profit
€961k
+33.7% 23-24
Cash flow
€1.02M
+39.9% 23-24
Total assets
€6.92M
+10.8% 23-24
Equity
€3.62M
-7.4% 23-24
Working capital
€-1.19M
- 23-24
Employees (FTE)
6
- 23-24
Staff costs
€395k
- 23-24
Income taxes
€51k
- 23-24
Dividends
€1.25M
+316.7% 23-24
Debt
€3.31M
+41.0% 23-24
Debt ≤ 1y
€2.02M
+152.0% 23-24
Debt > 1y
€1.29M
-16.7% 23-24
Current ratio
0.41
-67.7% 23-24
Quick ratio
0.41
-67.7% 23-24
Solvency
52.2%
-16.4% 23-24
Debt / equity
0.91
+52.3% 23-24
ROE
26.6%
+44.3% 23-24
ROA
13.9%
+20.7% 23-24
Net margin
37.3%
-57.5% 23-24
EBITDA margin
5.1%
- 23-24
Interest coverage
2.00
- 23-24
Figures by fiscal year
Fiscal year2024
Depositvolledig
Revenue€2.58M
EBITDA€131k
Net profit€961k
Cash flow€1.02M
Staff costs€395k
Income taxes€51k
Dividends€1.25M
Total assets€6.92M
Equity€3.62M
Debt€3.31M
of which ≤ 1y€2.02M
of which > 1y€1.29M
Working capital€-1.19M
Employees (FTE)5.5
Ratios (computed)
2024
Current ratio0.41
Quick ratio0.41
Working capital ratio-17.1%
Solvency52.2%
Debt / equity0.91
Long-term debt ratio0.36
Interest coverage2.00
Gross margin-
Net margin37.3%
ROA13.9%
ROE26.6%
EBITDA margin5.1%
Days sales outstanding39d
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€6.92M
Fixed assets 21/28€6.09M
Formation expenses 20€3k
Intangible fixed assets 21€79k
Tangible fixed assets 22/27€150k
Financial fixed assets 28€5.86M
Current assets 29/58€833k
Amounts receivable within one year 40/41€608k
Cash & bank 54/58€126k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€6.92M
Equity 10/15€3.62M
Contributions / capital 10/11€3.49M
Reserves 13€84k
Accumulated profits (losses) 14€47k
Amounts payable 17/49€3.31M
Amounts payable after one year 17€1.29M
Amounts payable within one year 42/48€2.02M
Trade debts payable within one year 44€452k
Income statement
Turnover 70€2.58M
Operating result 9901€75k
Financial income 75€944k
Financial charges 65€65k
Result before taxes 9903€1.01M
Income taxes 67/77€51k
Net result for the period 9904€961k
Result to be appropriated 9905€961k
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2024 · computed
65 / 100 Healthy
050100
Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Directors

Directors & mandates

No directors on record

No directors or mandates are on record for this company in the CBE. Not every legal form publishes directors; if they appear in the Belgian State Gazette later, they show up here automatically.

Statutory auditor

1 auditor
Statutory auditor IRE/IBR number Tenure
CALLENS VANDELANOTTECurrent
Statutory auditor · represented by Jan DEGRYSE
 - 07-05-2024 → present
Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies(70200)
Legal form Public limited company(014)
Incorporation10-11-2022
StatusActive
Postal code9830

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank
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.

Kortrijksesteenweg 889830 Sint-Martens-Latem

Establishment units

1 location
LIFEWORX GROUP
Kortrijksesteenweg 88, 9830 Sint-Martens-LatemOverige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
since 20222.338.054.346
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area2,959 m²
Buildings1
Building footprint596 m²
Volume (LiDAR)4,394 m³
Tallest building12.6 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44064B0232/00L000 Flanders 2,959 m² 1 · 596 m² 12.6 m · 3 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

3 acts
All acts · 3 updated 4 months ago
2026
18-03-2026 Publication in the Belgian Official Gazette, Miscellaneous Miscellaneous·Rembert VAN BAEL
Summary: Capital increaseNotary: Rembert VAN BAEL · Tongeren-Borgloon
2024
07-05-2024 Jan DEGRYSE appointed as statutory auditor Director changes
  • Jan DEGRYSE, Commissaris
Summary: v3.2
2022
16-11-2022 Incorporation of a new NV Incorporation
Summary: oprichting

Analysis

Snowflake analysis

financial profile on 5 axes
Health65Profitability75Solvency63Growth72Stability94
74 / 100

Strong profile, led by stability.

All 5 axes are computed from data Checked has read.

Health 65
Profitability 75
Solvency 63
Growth 72
Stability 94

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Credit advice

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 15,318 of the 81,985 companies in this sector. 1,760 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220
Primary activity highlighted.
Names & trade names
Legal nameNL LIFEWORX GROUP
Registered office
Kortrijksesteenweg 88
9830 Sint-Martens-Latem, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.