PS WORKS

Active

Private limited companyfounded 20224 yrs activeGeralaan 19, 8310 Brugge, BelgiumKBO/BCE: BE 0784.857.286

Summary

The computed 12-month bankruptcy probability of PS WORKS is 10.7% (high). The 2023 annual accounts show equity of €2,321 and a net result of €321. Its solvency ranks better than 26% of 8991 sector peers (fiscal year 2023). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch Report Compare

PS WORKSActive

Risk analysis Report Compare

Activity

General construction of residential buildings

NACE 41001General construction of buildings NACE 41201

1 site

Size

€12,781total assets 2023

Equity: €2,321
Profit: €321

Turnover not published (abridged schema)

Financial health

Bankruptcy chance 12 m: 10.7%

2023 figures too old to score

Structure

Accounts on time0 of 3 deeds read

Signals- 2 financial years not filed after the legal deadline- No filing in 24 months (latest 30-04-2024)- Founded in 2022- Liquidity: current ratio 1.22, cash €3Latest accounts filed on timeShow the evidence

Checked score

No current score

Figures too old

The available figures for FY 2023 are too old to assess current financial health.

Bankruptcy probability: High

Financial strength, FY 2023

Weak

Solvency 43

equity 18.2% of total assets

Liquidity 5

short-term debt 81.8% · cash 0.0%

Profitability 72

return on assets 2.5%

Bankruptcy probability, 12 months

10.7% High

0%0.5%1.5%4%10%≥ 25%

About 1 in 9 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.5% (13,373 companies)

Last 24 months 11-2024: 12.1% 12-2024: 11.9%▼ -1.3% vs 11-2024 01-2025: 12.9%▲ +7.9% vs 12-2024 02-2025: 13.1%▲ +1.7% vs 01-2025 03-2025: 13.0%▼ -0.4% vs 02-2025 04-2025: 13.1%▲ +0.5% vs 03-2025 05-2025: 13.4%▲ +2.1% vs 04-2025highest value 06-2025: 8.6%▼ -36.0% vs 05-2025 07-2025: 10.6%▲ +24.1% vs 06-2025 08-2025: 10.6%▲ +0.1% vs 07-2025 09-2025: 10.9%▲ +2.9% vs 08-2025 10-2025: 11.9%▲ +8.8% vs 09-2025 11-2025: 11.9%● 0.0% vs 10-2025 12-2025: 11.2%▼ -5.8% vs 11-2025 01-2026: 10.5%▼ -5.9% vs 12-2025 02-2026: 10.5%● 0.0% vs 01-2026 03-2026: 10.4%▼ -1.5% vs 02-2026 04-2026: 6.9%▼ -33.3% vs 03-2026lowest value 05-2026: 10.7%▲ +54.4% vs 04-2026 06-2026: 10.7%● 0.0% vs 05-2026 07-2026: 10.7%● 0.0% vs 06-2026 08-2026: 10.7%● 0.0% vs 07-2026 09-2026: 10.7%● 0.0% vs 08-2026 10-2026: 10.7%● 0.0% vs 09-2026

2 financial years not filed after the legal deadline raises the probability
No filing in 24 months (latest 30-04-2024) raises the probability
Founded in 2022 raises the probability for this profile
Liquidity: current ratio 1.22, cash €3 raises the probability

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Signals

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

+raises risk○neutral

2 financial years not filed after the legal deadline

In the bankruptcy model this factor raises the probability.

NBB · filings

No filing in 24 months (latest 30-04-2024)

In the bankruptcy model this factor raises the probability.

NBB · filings

Founded in 2022

In the bankruptcy model this factor raises the probability for this profile.

KBO

Liquidity: current ratio 1.22, cash €3

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Latest accounts filed on time

The financial year that closed on 30-09-2023 was due by 30-04-2024 and was filed on 30-04-2024, 0 days ahead of the deadline.

NBB · 1 filing

Deviation from the deadline

2023

on the day

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its 2023 accounts on the deadline day; the sector median for financial year 2023 is on the deadline day, and 47% of the sector filed late.

Checked, nothing found (1)

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

30-04-24 Annual accounts filedfiscal year 2023 · micro…

Key points

Caution: Among the weakest 15% on equitysector median €44,712 · 9,003 companies €2,321 View
Active since 2022founded 14-04-2022 4 years View
Total assets 2023first fiscal year filed €12,781 View