re-work
ActiveSummary
re-work has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €224,414 and a net result of €63,593. Equity is growing by ~46.7% per year across the filed fiscal years. Its solvency ranks better than 75% of 11613 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability96▼-4
Solvency100▲+10
Growth78=
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20,000 at 30 days acceptable
Liquidity ample (current ratio 5.19 against 3.54 in 2023; short-term debt: 17.8% and cash: 87.8% of total assets), and 23.2% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-10-2025, 89 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
89 d late
2023
40 d late
2022
31 d late
2021
381 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 135 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€224,414▲ 39.5%
2023 · €160,821
Total assets
€292,289▲ 18.2%
2023 · €247,267
Net result
€63,593▼ 2.2%
2023 · €64,991
Working capital
€218,432▲ 41.6%
2023 · €154,266
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Operating result€50,580-€54,956▲ 8.7%€83,450▲ 51.8%€81,219▼ 2.7%
Net result€37,683-€40,147▲ 6.5%€64,991▲ 61.9%€63,593▼ 2.2%
Equity€55,683-€95,830▲ 72.1%€160,821▲ 67.8%€224,414▲ 39.5%
Total assets€107,128-€207,652▲ 93.8%€247,267▲ 19.1%€292,289▲ 18.2%
Debt€51,445-€111,822▲ 117%€86,446▼ 22.7%€67,875▼ 21.5%
Working capital€56,904-€88,356▲ 55.3%€154,266▲ 74.6%€218,432▲ 41.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 3% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €292,289
Fixed assets
€21,700 ▼ 33.0%
Current assets
€270,589 ▲ 25.9%
Equity and liabilities €292,289
Equity
€224,414 ▲ 39.5%
Debt
€67,875 ▼ 21.5%
Debt's share of the balance-sheet total falls from 35.0% to 23.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€91,904▼
2023 · €94,319
Cash flow
€74,278▼
2023 · €75,860
Current ratio
5.19▲
2023 · 3.54
Debt to equity
0.30▼
2023 · 0.54
ROE
28.3%▼
2023 · 40.4%
ROA
21.8%▼
2023 · 26.3%
Interest coverage
165.32▲
2023 · 47.22
Debt ≤ 1 year
€52,157▼
2023 · €60,616
Debt > 1 year
€13,218▼
2023 · €23,330
Income taxes
€17,070▲
2023 · €16,465
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €184 | €9,930 | €10,868 | €10,685 | ▼ 1.7% |
| Other operating charges640/8 | - | €1,454 | €4,513 | €1,565 | ▼ 65.3% |
| Gross operating margin9900 | €50,764 | €66,340 | €98,831 | €93,469 | ▼ 5.4% |
| Operating profit (loss)9901 | €50,580 | €54,956 | €83,450 | €81,219 | ▼ 2.7% |
| Financial income75/76B | - | - | €3 | €0 | ▼ 97.1% |
| Recurring financial income75 | - | - | €3 | €0 | ▼ 97.1% |
| Financial charges65/66B | €35 | €975 | €1,997 | €556 | ▼ 72.2% |
| Recurring financial charges65 | €35 | €975 | €1,997 | €556 | ▼ 72.2% |
| Profit (loss) for the period before taxes9903 | €50,545 | €53,981 | €81,456 | €80,663 | ▼ 1.0% |
| Income taxes67/77 | €12,862 | €13,834 | €16,465 | €17,070 | ▲ 3.7% |
| Profit (loss) for the period9904 | €37,683 | €40,147 | €64,991 | €63,593 | ▼ 2.2% |
| Profit (loss) for the period to be appropriated9905 | €37,683 | €40,147 | €64,991 | €63,593 | ▼ 2.2% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €107,128 | €207,652 | €247,267 | €292,289 | ▲ 18.2% |
| Fixed assets21/28 | €1,279 | €43,253 | €32,385 | €21,700 | ▼ 33.0% |
| Tangible fixed assets22/27 | €1,279 | €43,253 | €32,385 | €21,700 | ▼ 33.0% |
| Plant, machinery and equipment23 | €1,279 | €791 | €304 | €0 | ▼ 100% |
| Leasing and similar rights25 | - | €42,462 | €32,081 | €21,700 | ▼ 32.4% |
| Current assets29/58 | €105,849 | €164,399 | €214,882 | €270,589 | ▲ 25.9% |
| Amounts receivable within one year40/41 | €26,136 | €159,212 | €17,424 | €11,604 | ▼ 33.4% |
| Trade receivables40 | €26,136 | €159,212 | €17,424 | €11,604 | ▼ 33.4% |
| Cash at bank and in hand54/58 | €79,713 | €5,187 | €196,358 | €256,632 | ▲ 30.7% |
| Deferred charges and accrued income490/1 | - | - | €1,100 | €2,353 | ▲ 114% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €107,128 | €207,652 | €247,267 | €292,289 | ▲ 18.2% |
| Equity10/15 | €55,683 | €95,830 | €160,821 | €224,414 | ▲ 39.5% |
| Contributions10/11 | €18,000 | €18,000 | €18,000 | €18,000 | = |
| Reserves13 | €37,683 | €77,830 | €142,821 | €206,414 | ▲ 44.5% |
| Distributable reserves133 | €37,683 | €77,830 | €142,821 | €206,414 | ▲ 44.5% |
| Amounts payable17/49 | €51,445 | €111,822 | €86,446 | €67,875 | ▼ 21.5% |
| Amounts payable after more than one year17 | - | €33,280 | €23,330 | €13,218 | ▼ 43.3% |
| Financial debts170/4 | - | €33,280 | €23,330 | €13,218 | ▼ 43.3% |
| Amounts payable within one year42/48 | €48,945 | €76,043 | €60,616 | €52,157 | ▼ 14.0% |
| Current portion of amounts payable after more than one year42 | - | €9,789 | €9,949 | €10,112 | ▲ 1.6% |
| Trade debts44 | - | €1,644 | €1,873 | €2,460 | ▲ 31.4% |
| Suppliers440/4 | - | €1,644 | €1,873 | €2,460 | ▲ 31.4% |
| Taxes, remuneration and social security45 | €38,439 | €53,077 | €39,183 | €34,425 | ▼ 12.1% |
| Taxes450/3 | €34,444 | €53,077 | €39,183 | €33,173 | ▼ 15.3% |
| Remuneration and social security454/9 | €3,995 | €0 | - | €1,251 | - |
| Other amounts payable47/48 | €10,505 | €11,532 | €9,610 | €5,160 | ▼ 46.3% |
| Accrued charges and deferred income492/3 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37,683 | €40,147 | €64,991 | €63,593 | ▼ 2.2% |
| + Depreciation and write-downs630 | €184 | €9,930 | €10,868 | €10,685 | ▼ 1.7% |
| Operating cash flow (approximation) | €37,866 | €50,077 | €75,860 | €74,278 | ▼ 2.1% |
| Investment in fixed assets (approximation) | - | -€51,904 | €0 | €0 | - |
| Change in cash | - | -€74,525 | €191,171 | €60,274 | ▼ 68.5% |
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
2025
28-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 89 days late
2024
31-12
Financial
Equity above €200,000Eq €224,414 ▲39.5%
4 profitable years in a row build equity to €224,414.
09-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 40 days late
2023
31-12
Financial
Highest result since 2021net €64,991 ▲61.9%
Operating result €83,450, net result €64,991, both a record.
31-12
Financial
Equity above €150,000Eq €160,821 ▲67.8%
3 profitable years in a row build equity to €160,821.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 381 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Gent · 1 establishment unit since 2021
Ground area
1,702 m²
Building footprint
806 m²
Volume, LiDAR
10,381 m³
2 parcels, Flanders · tallest building 30.0 m, ±9 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
re-work
since 20212.319.048.680
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44806F0661/00H002 ProtectedMonument · Townscape or village viewBlindenhuis Van Caeneghemgesticht en Pharmacodynamisch Instituut met omgevingSource ↗ |
Flanders | 981 m² | 1 · 490 m² | 14.0 m · 3 fl. |
| 11810K1543/00C043 | Flanders | 722 m² | 1 · 316 m² | 30.0 m · 9 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 11,571 companies in sector 71121 we hold annual accounts for 6,563. 5,058 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
Founded07-05-2021
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
68121Development of residential building projects
68122Development of non-residential building projects
82100Office administrative and support services
82990Other business support services
Contact
E-mail
rubenvandaele@hotmail.comAntwerpen
Phone
0474474052Antwerpen
Scores and ratios are computed by Checked and are not a credit decision.