MOUNTWORK
ActiveSummary
MOUNTWORK has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €56k and a net result of €3k. Equity is shrinking by ~10% per year across the filed fiscal years. Its solvency ranks better than 94% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▲+57
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 21.14 against 51.49 in 2024; short-term debt: 4.6% and cash: 1.6% of total assets), and 8.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
91.3%
Return on assets
4.7%
Age of the figures
9 mo
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 02-06-2026, 59 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
59 d early
2024
29 d late
2023
18 d late
2022
2 d early
2021
46 d early
2020
1 d early
2019
90 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€56k▲ 5.5%
2024 · €54k
2018: €88k
2019: €103k▲ +16.6% vs 2018highest in 8 years
2020: €86k▼ -16.3% vs 2019
2021: €77k▼ -10.4% vs 2020
2022: €67k▼ -12.5% vs 2021
2023: €54k▼ -20.0% vs 2022
2024: €54k▼ -0.7% vs 2023lowest in 8 years
2025: €56k▲ +5.5% vs 2024
2018 → 2025
Total assets
€62k▲ 4.1%
2024 · €59k
2018: €154khighest in 8 years
2019: €136k▼ -11.6% vs 2018
2020: €94k▼ -30.7% vs 2019
2021: €85k▼ -10.1% vs 2020
2022: €75k▼ -11.3% vs 2021
2023: €61k▼ -19.4% vs 2022
2024: €59k▼ -2.2% vs 2023lowest in 8 years
2025: €62k▲ +4.1% vs 2024
2018 → 2025
Net result
€3k
2024 · €-370
2018: €5k
2019: €15k▲ +191% vs 2018highest in 8 years
2020: €-17k▼ -215% vs 2019lowest in 8 years
2021: €-9k▲ +46.7% vs 2020
2022: €-10k▼ -7.9% vs 2021
2023: €-13k▼ -39.8% vs 2022
2024: €-370▲ +97.3% vs 2023
2025: €3k▲ +889% vs 2024
2018 → 2025
Working capital
€57k▲ 2.6%
2024 · €55k
2018: €99khighest in 8 years
2019: €91k▼ -7.7% vs 2018
2020: €70k▼ -23.5% vs 2019
2021: €70k▲ +0.6% vs 2020
2022: €70k▼ -0.5% vs 2021
2023: €57k▼ -18.3% vs 2022
2024: €55k▼ -2.9% vs 2023lowest in 8 years
2025: €57k▲ +2.6% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€77k-€67k▼ 12.5%€54k▼ 20.0%€54k▼ 0.7%€56k▲ 5.5%
2021: €77khighest in 5 years
2022: €67k▼ -12.5% vs 2021
2023: €54k▼ -20.0% vs 2022
2024: €54k▼ -0.7% vs 2023lowest in 5 years
2025: €56k▲ +5.5% vs 2024
Operating result€-10k-€-12k▼ 15.4%€-15k▼ 29.7%€-2k▲ 84.6%€1k
2021: €-10k
2022: €-12k▼ -15.4% vs 2021
2023: €-15k▼ -29.7% vs 2022lowest in 5 years
2024: €-2k▲ +84.6% vs 2023
2025: €1k▲ +145% vs 2024highest in 5 years
Net result€-9k-€-10k▼ 7.9%€-13k▼ 39.8%€-370▲ 97.3%€3k
2021: €-9k
2022: €-10k▼ -7.9% vs 2021
2023: €-13k▼ -39.8% vs 2022lowest in 5 years
2024: €-370▲ +97.3% vs 2023
2025: €3k▲ +889% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €1k after a loss of €2k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €62k
Fixed assets
€2k ▼ 25.0%
Current assets
€60k ▲ 5.6%
Equity and liabilities €62k
Equity
€56k ▲ 5.5%
Debt
€5k ▼ 8.8%
Debt's share of the balance-sheet total falls from 9.9% to 8.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2k▲
2024 · €-2k
Cash flow
€4k▲
2024 · €379
Current ratio
21.14▼
2024 · 51.49
Debt to equity
0.09▼
2024 · 0.11
ROE
5.2%▲
2024 · -0.7%
ROA
4.7%▲
2024 · -0.6%
Interest coverage
24.90▲
2024 · -23.65
Debt ≤ 1 year
€3k▲
2024 · €1k
Income taxes
€292
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€59k€62k▲
Fixed assets21/28€3k€2k▼
Tangible fixed assets22/27€3k€2k▼
Other tangible fixed assets26€3k€2k▼
Current assets29/58€56k€60k▲
Amounts receivable within one year40/41€56k€59k▲
Trade receivables40€14k€15k▲
Other amounts receivable41€43k€43k▲
Cash at bank and in hand54/58€6€976▲
Equity and liabilities
Total equity and liabilities10/49€59k€62k▲
Equity10/15€54k€56k▲
Contributions10/11€6k€6k=
Reserves13€47k€50k▲
Distributable reserves133€47k€50k▲
Amounts payable17/49€6k€5k▼
Amounts payable within one year42/48€1k€3k▲
Trade debts44€327€3k▲
Suppliers440/4€327€3k▲
Taxes, remuneration and social security45-€292
Taxes450/3-€292
Other amounts payable47/48€768-
Accrued charges and deferred income492/3€5k€3k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€749€749=
Other operating charges640/8€387€175▼
Gross operating margin9900€-1k€2k▲
Operating profit (loss)9901€-2k€1k▲
Financial income75/76B€2k€2k▲
Recurring financial income75€2k€2k▲
Financial charges65/66B€67€72▲
Recurring financial charges65€67€72▲
Profit (loss) for the period before taxes9903€-370€3k▲
Income taxes67/77-€292
Profit (loss) for the period9904€-370€3k▲
Profit (loss) for the period to be appropriated9905€-370€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-370€3k▲
Transfer from equity791/2€370-
Transfer to equity691/2-€3k
To other reserves6921-€3k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €9k | €749 | €749 | €749 | = |
| Other operating charges640/8 | €504 | €978 | €11k | €387 | €175 | ▼ 54.8% |
| Gross operating margin9900 | €-297 | €-1k | €-4k | €-1k | €2k | ▲ 264% |
| Operating profit (loss)9901 | €-10k | €-12k | €-15k | €-2k | €1k | ▲ 145% |
| Financial income75/76B | €1k | €2k | €2k | €2k | €2k | ▲ 9.7% |
| Recurring financial income75 | €1k | €2k | €2k | €2k | €2k | ▲ 9.7% |
| Financial charges65/66B | €36 | €48 | €55 | €67 | €72 | ▲ 7.4% |
| Recurring financial charges65 | €36 | €48 | €55 | €67 | €72 | ▲ 7.4% |
| Profit (loss) for the period before taxes9903 | €-9k | €-10k | €-13k | €-370 | €3k | ▲ 968% |
| Income taxes67/77 | - | - | - | - | €292 | - |
| Profit (loss) for the period9904 | €-9k | €-10k | €-13k | €-370 | €3k | ▲ 889% |
| Profit (loss) for the period to be appropriated9905 | €-9k | €-10k | €-13k | €-370 | €3k | ▲ 889% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €85k | €75k | €61k | €59k | €62k | ▲ 4.1% |
| Fixed assets21/28 | €14k | €4k | €4k | €3k | €2k | ▼ 25.0% |
| Tangible fixed assets22/27 | €14k | €4k | €4k | €3k | €2k | ▼ 25.0% |
| Furniture and vehicles24 | €9k | - | - | - | - | - |
| Other tangible fixed assets26 | €5k | €4k | €4k | €3k | €2k | ▼ 25.0% |
| Current assets29/58 | €71k | €71k | €57k | €56k | €60k | ▲ 5.6% |
| Amounts receivable within one year40/41 | €70k | €70k | €56k | €56k | €59k | ▲ 3.9% |
| Trade receivables40 | €37k | €41k | €19k | €14k | €15k | ▲ 11.9% |
| Other amounts receivable41 | €33k | €29k | €37k | €43k | €43k | ▲ 1.3% |
| Cash at bank and in hand54/58 | - | - | - | €6 | €976 | ▲ 16,847% |
| Deferred charges and accrued income490/1 | €605 | €630 | €469 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €85k | €75k | €61k | €59k | €62k | ▲ 4.1% |
| Equity10/15 | €77k | €67k | €54k | €54k | €56k | ▲ 5.5% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €71k | €61k | €48k | €47k | €50k | ▲ 6.2% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €2k | - | - | - |
| Distributable reserves133 | €69k | €59k | €46k | €47k | €50k | ▲ 6.2% |
| Amounts payable17/49 | €8k | €8k | €7k | €6k | €5k | ▼ 8.8% |
| Amounts payable within one year42/48 | €980 | €1k | €5 | €1k | €3k | ▲ 157% |
| Financial debts43 | - | - | €5 | - | - | - |
| Credit institutions430/8 | - | - | €5 | - | - | - |
| Trade debts44 | €976 | €1k | - | €327 | €3k | ▲ 673% |
| Suppliers440/4 | €976 | €1k | - | €327 | €3k | ▲ 673% |
| Taxes, remuneration and social security45 | - | - | - | - | €292 | - |
| Taxes450/3 | - | - | - | - | €292 | - |
| Other amounts payable47/48 | €3 | €4 | - | €768 | - | - |
| Accrued charges and deferred income492/3 | €7k | €7k | €7k | €5k | €3k | ▼ 46.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-9k | €-10k | €-13k | €-370 | €3k | ▲ 889% |
| + Depreciation and write-downs630 | €9k | €9k | €749 | €749 | €749 | = |
| Operating cash flow (approximation) | €388 | €-322 | €-13k | €379 | €4k | ▲ 867% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | - | - | - | €970 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €3k
Net result €3k after 5 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
18-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 18 days late
2023
31-12
Financial
Liquidity times 164current ratio 10847.93
Current ratio from 65.99 to 10847.93; short-term debt falls from €1k to €5.
29-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-17k
Net result drops to €-17k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 5current ratio 44.28
Current ratio from 8.27 to 44.28; short-term debt falls from €13k to €2k.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 90 days late
2019
31-12
Financial
Highest result since 2018net €15k ▲191%
Operating result €27k, net result €15k, both a record.
Show earlier events
31-12
Financial
Equity above €100kEq €103k ▲16.6%
2 profitable years in a row build equity to €103k.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
09-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 9 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Grobbendonk · 1 establishment unit since 2004
Ground area
1,273 m²
Building footprint
195 m²
Volume, LiDAR
1,090 m³
Parcel 13010A0471/00G002, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Mountwork
since 20042.136.247.628
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13010A0471/00G002 | Flanders | 1,273 m² | 1 · 194 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 4,096 companies in sector 43240 we hold annual accounts for 1,633. 1,346 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-03-2004
Fiscal year end31-12
Activities, NACEBEL 2025
43240Other construction installation
43222Installation of electric heating, air conditioning, cooling and ventilation
81300Landscape service activities
Scores and ratios are computed by Checked and are not a credit decision.