PERFECT WORKING GROUP

Active

Private limited companyfounded 20223 yrs activeHoge Buizen 17/101, 1980 Zemst, BelgiumKBO/BCE: BE 0791.246.519

The computed 12-month bankruptcy probability of PERFECT WORKING GROUP is 2.7% (moderate). The 2024 annual accounts show equity of €18k and a net result of €766. Its solvency ranks better than 28% of 9980 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

69 / 100

Healthy▲ +41 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability21▼-79

Solvency30▼-4

Growth78

Stability94

Bankruptcy probability, 12 months

2.7% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €1k at 30 days acceptable

Liquidity tight (current ratio 1.11 against 0.51 in 2023), and 79.1% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 41

Relative position

BE, all sectors

reference

Sector 41

higher

← fewer bankruptcies more bankruptcies →

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 2024

Solvency, return and age of the figures

Solvency

20.9%

Return on assets

0.9%

Age of the figures

20 mo

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-08-2025, 13 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 · 2 filings

Deviation from the deadline

2025

not confirmed

2024

13 d late

2023

30 d late

← before the deadline after the deadline →

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

Financials · fiscal year 2024, micro schema

Equity

€18k

2023 · €-1k

2023: €-1k

2023 → 2024

Total assets

€86k▲ 163%

2023 · €33k

2023: €33k

2023 → 2024

Net result

€766

2023 · €-1k

2023: €-1k

2023 → 2024

Working capital

€7k

2023 · €-17k

2023: €-17k

2023 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20232024Trend

Equity€-1k-€18k

Operating result€-1k-€837

Net result€-1k-€766

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2024: €837 after a loss of €1k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €86k

12.3%

87.7%

Fixed assets €11k▼ 30.4%

Current assets €76k▲ 331%

Equity and liabilities €86k

20.9%

79.1%

Equity €18k

Debt €68k

Debt finances 79.1% of the balance-sheet total.

Key figures and ratios

2024 value · change against 2023

EBITDA

€6k▲

2023 · €3k

Cash flow

€5k▲

2023 · €3k

Solvency

20.9%▲

2023 · -4.0%

Current ratio

1.11▲

2023 · 0.51

Quick ratio

1.11▲

2023 · 0.51

Debt / equity

3.79▲

2023 · -26.17

ROE

4.2%▼

2023 · 100.0%

ROA

0.9%▲

2023 · -4.0%

Interest coverage

77.75▼

2023 · 99.49

Debt

€68k▲

2023 · €34k

Debt ≤ 1 year

€68k▲

2023 · €34k

Staff costs

€232▲

2023 · €52

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€33k€86k▲

Fixed assets21/28€15k€11k▼

Tangible fixed assets22/27€15k€11k▼

Furniture and vehicles24€15k€11k▼

Current assets29/58€18k€76k▲

Amounts receivable within one year40/41€14k€76k▲

Trade receivables40€13k€73k▲

Other amounts receivable41€990€2k▲

Cash at bank and in hand54/58€3k€133▼

Equity and liabilities

Total equity and liabilities10/49€33k€86k▲

Equity10/15€-1k€18k▲

Contributions10/11€0€19k▲

Profit (loss) carried forward14€-1k€-541▲

Amounts payable17/49€34k€68k▲

Amounts payable within one year42/48€34k€68k▲

Trade debts44€20k€28k▲

Suppliers440/4€20k€28k▲

Other amounts payable47/48€14k€41k▲

Income statement Code20232024

Goods, raw materials, services and sundry goods60/61€160k€243k▲

Remuneration, social security and pensions62€52€232▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k=

Other operating charges640/8€2k€3k▲

Gross operating margin9900€5k€9k▲

Operating profit (loss)9901€-1k€837▲

Financial charges65/66B€34€71▲

Recurring financial charges65€34€71▲

Profit (loss) for the period before taxes9903€-1k€766▲

Profit (loss) for the period9904€-1k€766▲

Profit (loss) for the period to be appropriated9905€-1k€766▲

Appropriation of the result

Profit (loss) to be appropriated9906€-1k€-541▲

Profit (loss) brought forward from the previous period14P-€-1k

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 4Financial 2Filings 2

2025

13-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 13 days late

2024

31-12

Financial Back to profitnet €766

Net result €766 after one loss-making year.

31-12

Financial Liquidity doublescurrent ratio 1.11

Current ratio from 0.51 to 1.11.

30-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 30 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, Zemst · 1 establishment unit since 2022

establishment The establishment unit on the map

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.

Hoge Buizen 17/1011980 Zemst

Ground area

409 m²

Building footprint

305 m²

Volume, LiDAR

2,940 m³

Parcel 23020D0342/00S000, Flanders · tallest building 11.4 m, ±4 floors. Linked by address, not a title deed.

1 establishment unit

PERFECT WORKING GROUP

Hoge Buizen 17, 1980 ZemstManufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials

since 20222.335.689.625

1 parcel

Flanders 1 (100%)