Equity
€82,726 ▼ 63.1%
re-work paid out €231,761 in dividends. That is 257% of the 2025 profit.
re-work
Lifetime
5 annual accounts with figures on one time axispeak €128,898 (2025)
€128,898▲ 37.9%
peak €90,073 (2025)
€90,073▲ 41.6%
peak €224,414 (2024)
€82,726▼ 63.1%
€303,038▲ 346%
Board1 name since 2021
1 directorVan Daele Ruben
Documentsfilings and deeds
14-10-202675 days late
2025micro format
Gross margin from €93,469 to €128,898Result from €63,593 to €90,073Dividend €231,761Equity from €224,414 to €82,726Debts from €67,875 to €303,038
Key points
from the 2025 annual accountsTurnover
≈ €260,000 estimated
The micro format states no turnover.
Debts
€303,038 ▲ 346%
Debts rose by €235,163 in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
Liquidity
1.26 was 5.19 in 2024
Short-term debts rose from €52,157 to €297,597.
Filings
5 annual accounts 75 days
Latest accounts filed late: after the legal deadline.
Position in the sector
€90,073
Higher net result than 91% of companies in architecture and engineering. Sector median €16,709 · 11,795 companies.
Checked score
82
Excellent
Financially stronger than 37% of micro companies in architecture and engineering (NACE 71)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 14,828 companies (NACE 71, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.2%▲ +0.1 percentage points vs 07-2025
09-2025: 0.3%▲ +0.1 percentage points vs 08-2025
10-2025: 0.7%▲ +0.4 percentage points vs 09-2025highest value
11-2025: 0.2%▼ -0.5 percentage points vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.1%▼ -0.1 percentage points vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026lowest value
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.4%▲ +0.2 percentage points vs 09-2026
11-2026: 0.4%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 75 days late; 3 of the last 3 accounts late
1 change of registered office in 24 months
lowers risk
Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
Liquidity: current ratio 1.26, cash €307,329
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, micro). It does better than 23% of them on solvency, 44% on liquidity, 73% on profitability and 8% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,713 companies had the same profile as re-work has now. Each dot stands for 17 companies, two years later.
95.8%
were still trading
2.2%
stopped another way
1.8%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of re-work itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,713 companies, not a prediction for re-work. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €6,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.26 (5.19 in 2024), below the usual 1.5. Short-term debt is 77.1% and cash 79.7% of total assets. 78.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 11794 sector peers (2025).
NBB · sector comparisonPosition among 11794 sector peers
Solvency
better than 23%
← weakest
strongest →
raises risk · 2025 accounts filed 75 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-10-2026, 75 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 5 filingsDeviation from the deadline
2025
75 days late
2024
89 days late
2023
40 days late
2022
31 days late
2021
381 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 123 days after the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 14 October (4 of the last 5 accounts filed within 44 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved from Ghent to Antwerp
New registered office: Mechelsesteenweg 150 bus 1.01, 2018 Antwerpen · Previous registered office: Jozef Kluyskensstraat 3 bus 0102, 9000 Gent · Board meeting of 01-03-2026 · Gazette deed
Registered office moved from Antwerp to Ghent
New registered office: Jozef Kluyskensstraat 3 bus 0102, 9000 Gent · Previous registered office: Mechelsesteenweg 150 bus 1.01, 2018 Antwerpen · Board meeting of 27-02-2024 · Gazette deed
Incorporation
Name clause: re-work · published on 11-05-2021 · Gazette deed
First establishment
Mechelsesteenweg 150, Antwerp
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| re-work Antwerp | €385,764 | €128,898 | 21.4% | - |
| Timber Support Kapellen | €360,500 | €147,771 | 82.7% | - |
| VGP Projects Kasterlee | €404,340 | €147,322 | 86.2% | - |
| AVENTUS CONSULTING Assesse | €418,511 | €140,339 | 95.2% | - |
| Civil Project Management Smolders Tessenderlo-Ham | €444,654 | €125,372 | 43.9% | - |
| DDI ELECTRICAL SERVICES Beveren-Kruibeke-Zwijndrecht | €367,356 | €142,839 | 86.1% | - |
| SICCARD PROJECTS Zonnebeke | €337,176 | €138,617 | 57.3% | - |
These companies have the same main activity as re-work: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €337,000 and €445,000, founded between 2021 and 2022.
Official details
Source: KBO- Status
- Active since 07-05-2021Normal situation
- Registered office
- 11 active companies are registered at this addressSource: KBO register, as of 10 November 2026.
- Activity
- Engineering and related technical consultancy, excluding land surveyorsNACE 71121and 4 others
- Establishment unit
- 2.319.048.6802018 Antwerp, since 07-05-2021
- Financial year end
- 31 December
- Peppol
- Reachable
Insights on re-work
re-work files the micro format. That format states no turnover. The gross margin rose from €50,764 in 2021 to €128,898 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about re-work
- What is the company number of re-work?
- The company number of re-work is 0767.975.130. The VAT number is the same number with BE in front: BE 0767.975.130.
- Where is re-work based?
- The registered office is at Mechelsesteenweg 150, 2018 Antwerp.Company details
- What does re-work do?
- According to the KBO register, the main activity is engineering and related technical consultancy, excluding land surveyors (NACE 71121).
- What is the legal form of re-work?
- re-work is a private limited company (BV).
- When was re-work founded?
- re-work was founded on 07-05-2021.
- Is re-work still active?
- Yes, re-work is an active enterprise in the KBO register.
- What is the turnover of re-work?
- The turnover in financial year 2025 is ≈ €260,000. This figure is estimated from the gross margin of €128,898 and 36 comparable companies (NACE 711). It probably lies between €200,000 and €330,000.Financials
- Is re-work profitable?
- In financial year 2025, re-work made a profit of €90,073.
- Where can I find the annual accounts of re-work?
- re-work filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of re-work due?
- re-work must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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