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Complete company report
Generated 16-08-2026
Active BE 0450.781.566Public limited company

NEWWORK BELGIUM

Rue Trois Bourdons 31 ·4840 Welkenraedt, Belgium· 32 yrs active
Sector: Vervaardiging van bovenkleding (14210)
Conclusion Checked

The KBO register records legal situation 050 for NEWWORK BELGIUM (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2023 annual accounts show negative equity (€-55k) and a net result of €-63k.

Based on the State Gazette, CBE and 6 annual accounts.
Key figures
Equity €-55k
Net result €-63k
Staff (FTE) 5.3
Better than sector 25%
Financial profile 5 of 5 axes measured · computed by Checked
Health0Profitability100Solvency51Growth32Stability0
37 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0
Profitability 100
Solvency 51
Growth 32
Stability 0
Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based
0 / 100
High riskRegister: open bankruptcy
This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Trust signals 1 signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Administrative Flags0 events
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.
Health barometer FY 2023 · computed
0 / 100 Critical
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2023 and the legal situation the KBO register itself records. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 10-10-2024 with the NBB · fiscal year 2023 · micro
€-200k€-100k€0€100k€200kOperating result 2019: €-12k€-12kNet result 2019: €-61k€-61kOperating result 2020: €150k€150kNet result 2020: €65k€65kOperating result 2021: €-16k€-16kNet result 2021: €-24k€-24kOperating result 2022: €-83k€-83kNet result 2022: €-101k€-101kOperating result 2023: €-21k€-21kNet result 2023: €-63k€-63k20192020202120222023
Operating resultNet result
Sector comparison
Fiscal year 2023 · NACE 14 · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency -6.2% 22.3%
better than 25% of 36 sector peers
Net result €-63k €4k
better than 6% of 36 sector peers
Equity €-55k €9k
better than 10% of 36 sector peers
Gross operating margin €224k €14k
better than 95% of 36 sector peers
Total assets €887k €54k
better than 95% of 36 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€29k
- 18-23
Net profit
€-63k
+37.5% 18-23
Cash flow
€-13k
+81.1% 18-23
Total assets
€887k
+8.9% 18-23
Equity
€-55k
- 18-23
Working capital
€174k
+0.1% 18-23
Employees (FTE)
5
+32.5% 18-23
Staff costs
€192k
+44.7% 18-23
Show 11 other metrics
Income taxes
€4k
- 18-23
Debt
€942k
+16.8% 18-23
Debt ≤ 1y
€576k
+40.5% 18-23
Debt > 1y
€367k
-7.6% 18-23
Current ratio
1.30
-8.6% 18-23
Quick ratio
0.74
+47.0% 18-23
Solvency
-6.2%
- 18-23
Debt / equity
-17.05
- 18-23
ROE
114.7%
- 18-23
ROA
-7.2%
+42.6% 18-23
Interest coverage
0.77
- 18-23
Figures by fiscal year
Fiscal year2023
Depositmicro
Revenue-
EBITDA€29k
Net profit€-63k
Cash flow€-13k
Staff costs€192k
Income taxes€4k
Dividends-
Total assets€887k
Equity€-55k
Debt€942k
of which ≤ 1y€576k
of which > 1y€367k
Working capital€174k
Employees (FTE)5.3
Ratios (computed)
2023
Current ratio1.30
Quick ratio0.74
Working capital ratio19.7%
Solvency-6.2%
Debt / equity-17.05
Long-term debt ratio-6.63
Interest coverage0.77
Gross margin-
Net margin-
ROA-7.2%
ROE114.7%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts (26 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€887k
Fixed assets 21/28€137k
Intangible fixed assets 21€15k
Tangible fixed assets 22/27€122k
Financial fixed assets 28€335
Current assets 29/58€750k
Stocks & contracts in progress 3€326k
Amounts receivable within one year 40/41€410k
Cash & bank 54/58€12k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€887k
Equity 10/15€-55k
Contributions / capital 10/11€65k
Reserves 13€44k
Accumulated profits (losses) 14€-165k
Amounts payable 17/49€942k
Amounts payable after one year 17€367k
Amounts payable within one year 42/48€576k
Trade debts payable within one year 44€180k
Income statement
Gross operating margin 9900€224k
Operating result 9901€-21k
Financial income 75€74
Financial charges 65€38k
Result before taxes 9903€-59k
Income taxes 67/77€4k
Net result for the period 9904€-63k
Result to be appropriated 9905€-63k
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Vervaardiging van bovenkleding(14210)
Legal form Public limited company(014)
Incorporation28-08-1993
StatusActive
Postal code4840
Establishment units 1 location
Rue de l'Avenir 10, 4890 Thimister-Clermont
Vervaardiging van overige bovenkleding
since 19932.063.514.850
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

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.

Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
63084A0343/00V000 Wallonia 865 m² 1 · 97 m² 7.5 m · 2 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.
Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2024
10-10-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
2023
31-10-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
2022
06-12-2022
State Gazette act Director changes
31-08-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
2021
30-07-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
29-07-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
2019
27-08-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
2018
31-08-2018
NBB filing Annual accounts filed
fiscal year 2017 · micro
2017
19-06-2017
NBB filing Annual accounts filed
fiscal year 2016 · micro
2016
31-05-2016
NBB filing Annual accounts filed
fiscal year 2015 · volledig
2015
21-08-2015
NBB filing Annual accounts filed
fiscal year 2014 · volledig
Belgian State Gazette reading coverage 0 of 6 acts read

We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 3 years ago
2022
06-12-2022 2 reappointed Director changes
  • Richard ORINEL, Commissaris
  • Laurence GROGNA, Commissaris
Technical details 
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    {
      "kind": "commissaris_renew",
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        "name": "Richard ORINEL",
        "address": "Rue Trois Bourdons 31 \u00E0 4840 Welkenraedt",
        "birth_date": null,
        "profession": "administrateur",
        "birth_place": null
      },
      "reason": null,
      "subkind": "renewal",
      "via_org": {
        "kbo": "0861.522.425",
        "name": "SPRL ORITEX",
        "address": "rue Trois Bourdons n\u00B0 31 \u00E0 4840 Welkenraedt",
        "country": "BE",
        "legal_form": "SPRL"
      },
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "n_years",
        "value": "6"
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "commissaris_renew",
      "role": "commissaris",
      "person": {
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        "name": "Laurence GROGNA",
        "address": "\u00E0 la m\u00EAme adresse",
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "renewal",
      "via_org": {
        "kbo": "0861.522.425",
        "name": "SPRL ORITEX",
        "address": "rue Trois Bourdons n\u00B0 31 \u00E0 4840 Welkenraedt",
        "country": "BE",
        "legal_form": "SPRL"
      },
      "statutory": null,
      "compensated": null,
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      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "n_years",
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      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": "2022-12-06",
    "filing_date": "2022-11-24",
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decisions": [
    {
      "body": "buitengewone_algemene_vergadering",
      "date": "2022-05-06",
      "unanimous": true
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0450.781.566",
    "name_full": "NEWWORK BELGIUM",
    "legal_form": "SA"
  },
  "publication_proxy": {
    "kind": "org",
    "org_kbo": "0861.522.425",
    "org_name": "ORITEX",
    "person_name": null,
    "org_rep_person_name": "Richard ORINEL",
    "person_role_at_subject": null
  },
  "co_filed_documents": [
    "PV d\u0027AGO du 06/05/2022"
  ],
  "corrected_publication_numac": null
}
Credit advice verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Activities
Vervaardiging van andere bovenkleding14130Vervaardiging van bovenkleding14210Confectie van bovenkleding voor heren, dames en kinderen18221Groothandel in kleding, met uitzondering van werk- en onderkleding46423Groothandel in kleding, met uitzondering van werk- en onderkleding46423Groothandel in kleding, kledingtoebehoren en bontartikelen51421
Primary activity highlighted.
Names & trade names
Legal nameFR NEWWORK BELGIUM
Registered office
Rue Trois Bourdons 31
4840 Welkenraedt, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative