LS WORKS
ActiveThe computed 12-month bankruptcy probability of LS WORKS is 2.6% (moderate). The 2025 annual accounts show negative equity (€-68k) and a net result of €-5k. Equity is shrinking by ~29.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 454 sector peers (fiscal year 2025). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
30
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability37▼-23
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.18 against 0.2 in 2024; short-term debt: 168.8% and cash: 15% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight 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 81
Relative position
BE, all sectors
reference
Sector 81
higher
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
-111%
Return on assets
-7.9%
Age of the figures
9 mo
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
18192022232425
2018 to 2025 · latest year €-68k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 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 · 10 filingsDeviation from the deadline
2025
27 d late
2024
1 d early
2023
22 d late
2022
28 d late
2020
30 d late
2019
116 d late
2018
121 d late
← before the deadline
after the deadline →
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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€792
EBIT margin
-3549.2%
Net result
€-5k▼ 3,179%
2024 · €-147
2018: €9k
2019: €-2k
2020: €-20k
2022: €-31k
2023: €-22k
2024: €-147
2018 → 2025
Working capital
€-85k▼ 12.8%
2024 · €-75k
2018: €11k
2019: €9k
2020: €-12k
2022: €-45k
2023: €-71k
2024: €-75k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202022202320242025Trend
Turnover€792
Equity€-14k-€-41k▼ 185%€-63k▼ 54.2%€-63k▼ 0.2%€-68k▼ 7.7%
Operating result€-16k-€-28k▼ 76.1%€-19k▲ 31.1%€2k€-3k
Net result€-20k-€-31k▼ 58.0%€-22k▲ 29.5%€-147▲ 99.3%€-5k▼ 3,179%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €3k after €2k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €61k
Fixed assets
€43k▼ 17.7%
Current assets
€18k▼ 1.4%
Key figures and ratios
EBITDA
€6k▼
2024 · €11k
Cash flow
€4k▼
2024 · €9k
Solvency
-111.0%▼
2024 · -89.2%
Current ratio
0.18▼
2024 · 0.20
Quick ratio
0.18▼
2024 · 0.20
Debt / equity
-1.90▲
2024 · -2.12
ROA
-7.9%▼
2024 · -0.2%
Interest coverage
3.43▼
2024 · 5.03
Debt
€129k▼
2024 · €133k
Debt ≤ 1 year
€103k▲
2024 · €94k
Debt > 1 year
€26k▼
2024 · €40k
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€70k€61k▼
Fixed assets21/28€52k€43k▼
Tangible fixed assets22/27€52k€43k▼
Land and buildings22€52k€43k▼
Current assets29/58€19k€18k▼
Amounts receivable within one year40/41€15k€9k▼
Trade receivables40€12k€8k▼
Other amounts receivable41€3k€1k▼
Cash at bank and in hand54/58€4k€9k▲
Deferred charges and accrued income490/1€182€192▲
Equity and liabilities
Total equity and liabilities10/49€70k€61k▼
Equity10/15€-63k€-68k▼
Contributions10/11€6k€6k=
Outside capital11€6k€6k=
Other1109/19€6k€6k=
Reserves13€620€620=
Non-distributable reserves130/1€620€620=
Reserves not available under the articles1311€620€620=
Profit (loss) carried forward14€-70k€-74k▼
Amounts payable17/49€133k€129k▼
Amounts payable after more than one year17€40k€26k▼
Financial debts170/4€40k€26k▼
Amounts payable within one year42/48€94k€103k▲
Current portion of amounts payable after more than one year42€14k€14k▲
Trade debts44€2k€90▼
Suppliers440/4€2k€90▼
Other amounts payable47/48€78k€89k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€9k=
Non-recurring operating charges66A-€343
Gross operating margin9900€11k€7k▼
Operating profit (loss)9901€2k€-3k▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€-147€-5k▼
Profit (loss) for the period9904€-147€-5k▼
Profit (loss) for the period to be appropriated9905€-147€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-70k€-74k▼
Profit (loss) brought forward from the previous period14P€-70k€-70k▼
The notes to these accounts (6 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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 27 days late
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 22 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 28 days late
2022
31-12
Financial
Weakest financial yearnet €-31k
Net result drops to €-31k, the lowest in the series; recovery starts the following year.
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
24-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 116 days late
2019
29-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 121 days late
14-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 226 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 21 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 29 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, Elsene · 1 establishment unit since 2008
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.
Giststraat 331050 ElseneGround area
188 m²
Building footprint
190 m²
Volume, LiDAR
1,756 m³
2 parcels, Brussels · tallest building 15.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
LSWORKS
since 20082.175.086.428
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21443C0034/00P000 | Brussels | 121 m² | 1 · 122 m² | 15.6 m · 3 fl. |
| 21443A0113/00Z004 | Brussels | 67 m² | 1 · 68 m² | 12.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 7,008 companies in sector 81220 we hold annual accounts for 2,416. 1,029 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-06-2008
Fiscal year end31-12
Activities, NACEBEL
81220Other building cleaning and industrial cleaning
43223Specialised construction activities
43422Screed work
43910Bricklaying and masonry work
43990Other specialised construction activities
43993Specialised construction activities
43994Specialised construction activities
43999Specialised construction activities
71112Activities of interior architects
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryWebsite:www.lsworks.be