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MEN AT WORK

Active
Public limited companyfounded 200224 yrs activeRue des Semailles 22, 4400 Flémalle, BelgiumKBO/BCE: BE 0476.647.706
Summary

MEN AT WORK has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €387,201 and a net result of -€24,636. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 17% of 2204 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Risk analysisWatch ReportCompare
MEN AT WORKActiveChecked score 67/100
Risk analysis ReportCompare

Overview

Activity
Other construction installation
NACE 43240Manufacture of fabricated metal products, except machinery and equipment NACE 25999NACE 28755
#6 employer in Flémalle, Construction sector1 site
Size
€2.4mtotal assets 2025
Staff
29.3 FTE
Equity
€387,201
Loss
-€24,636
Financial health
67 Healthy Checked score 2025
Bankruptcy chance 12 m
0.7%
Structure
Parent
Fero Group · 100%
Accounts 30 d early0 of 15 deeds read
Why 67- Equity €387,201 (16.4% of total assets)- Sector Specialised construction activities (NACE 43)- Size: 29.3 FTE, total assets €2.4m+ Founded in 2002Show the evidence

Checked score

Score 2025
67 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 19% of its sector peers (NACE 43, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 41-6
equity 16.4% of total assets
Liquidity 32+9
short-term debt 50.9% · cash 6.3%
Profitability 26+23
return on assets -1.0%
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (2,627 companies)
Last 12 months 11-2025: 1.2% 12-2025: 1.2%● 0.0% vs 11-2025 01-2026: 1.2%● 0.0% vs 12-2025 02-2026: 1.2%● 0.0% vs 01-2026 03-2026: 1.2%● 0.0% vs 02-2026 04-2026: 1.3%▲ +6.9% vs 03-2026 05-2026: 1.3%▲ +2.4% vs 04-2026highest value 06-2026: 1.3%▼ -2.5% vs 05-2026 07-2026: 1.3%▲ +0.1% vs 06-2026 08-2026: 0.7%▼ -44.7% vs 07-2026lowest value 09-2026: 0.7%● 0.0% vs 08-2026lowest value 10-2026: 0.7%● 0.0% vs 09-2026lowest value
  • Equity €387,201 (16.4% of total assets) raises the probability
  • Sector Specialised construction activities (NACE 43) raises the probability
  • Size: 29.3 FTE, total assets €2.4m raises the probability for this profile
  • Founded in 2002 lowers the probability for this profile
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 1.64 against 1.04 in 2024; short-term debt: 50.9% and cash: 6.3% of total assets), but 83.6% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, small). Better than this share of them on solvency 17%, liquidity 27%, profitability 10%, growth against the median 20%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Equity €387,201 (16.4% of total assets)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Sector Specialised construction activities (NACE 43)
In the bankruptcy model this factor raises the probability.
KBO
raises risk · Size: 29.3 FTE, total assets €2.4m
In the bankruptcy model this factor raises the probability for this profile.
NBB · annual accounts
lowers risk · Founded in 2002
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1920212122232425
2019 to 2025 · latest year -€24,636
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 2204 sector peers (2025).
NBB · sector comparison
Position among 2204 sector peers
Solvency
better than 17%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
30 d early
2024
8 d early
2023
14 d early
2022
on the day
2021
30 d late
2021
56 d late
2020
151 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 26 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

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. Usually files around 23 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Annual accounts filedfiscal year 2024 · full…
  3. Equity above €200,000Eq €411,837

Key points

  • Risk: 7 loss-making years in a rowloss fiscal year 2025 -€24,636 View
  • Positive: Result rose in 2025from -€241,380 to -€24,636 ▲ 89.8% View
  • Caution: Among the weakest 14% on net resultsector median €40,844 · 2,205 companies -€24,636 View
  • Controlled by Fero Groupultimately: Ramudden Global AB 100% View
  • Positive: Always filed on timeaccounts within the deadline every year 4 years View

By topic

Financials

Fiscal year
2025
Total assets
€2.4m
Loss
-€24,636
Solvency
16.4%
Total assets▲ 23.9%
Net result
20192025
Go to Financials

Timeline

Events
12
Since
2017
Next accounts
by 31-07-2027
  1. 01-07-2026Annual accounts filed
  2. 23-07-2025Annual accounts filed
  3. 31-12-2024Equity above €200,000
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Other construction installationNACE 43240
Founded
05-02-2002
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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