re-work
ActiveSummary
re-work has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €82,726 and a net result of €90,073. Equity has been growing by about 48% per year since 2021. Its solvency ranks better than 23% of 11,772 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 07-05-2021 Normal situation
- Registered office
- 11 active companies are registered at this address Source: KBO register, as of 4 November 2026.
- Activity
- Engineering and related technical consultancy, excluding land surveyors NACE 71121and 4 others
- Establishment unit
- 2.319.048.680 2018 Antwerpen, since 07-05-2021
- Financial year end
- 31 December
- Peppol
- Reachable
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.4%
- Gross margin
- €128,898
- ▲ 37.9%
- Turnover
- ≈ €260,000
- estimated
- Profit
- €90,073
- ▲ 41.6%
- Equity
- €82,726
- ▼ 63.1%
- Total assets
- €385,764
- ▲ 32.0%
- 2025 accounts filed 75 days after the deadline
Score breakdownraises riskLast filed accounts filed 75 days late; 3 of the last 3 accounts late1 change of registered office in 24 monthslowers riskSector: Architectural and engineering activities; technical testing and analysis (NACE 71)Liquidity: current ratio 1.26, cash €307,329Show the evidence
Checked score
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 03-11-2026 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.
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).
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
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)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 75 days after the deadline Filed on 14 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00556574.
Annual accounts 2025 filed on 14-10-2026 at the NBB all 5 filings
Every figure per financial year
The operating result for 2025 is 43% higher than in 2024 and the highest since 2021. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,463 | €51,904 | - | - | - |
| Depreciation and write-downs of the year | €184 | €9,930 | €10,868 | €10,685 | €10,381 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €184 | €9,930 | €10,868 | €10,685 | €10,381 | ▼ 2.8% |
| Other operating charges640/8 | - | €1,454 | €4,513 | €1,565 | €2,087 | ▲ 33.3% |
| Gross operating margin9900 | €50,764 | €66,340 | €98,831 | €93,469 | €128,898 | ▲ 37.9% |
| Operating profit (loss)9901 | €50,580 | €54,956 | €83,450 | €81,219 | €116,430 | ▲ 43.4% |
| Financial income75/76B | - | - | €3 | €0 | €579 | ▲ 7,234× |
| Recurring financial income75 | - | - | €3 | €0 | €579 | ▲ 7,234× |
| Financial charges65/66B | €35 | €975 | €1,997 | €556 | €587 | ▲ 5.6% |
| Recurring financial charges65 | €35 | €975 | €1,997 | €556 | €587 | ▲ 5.6% |
| Profit (loss) for the period before taxes9903 | €50,545 | €53,981 | €81,456 | €80,663 | €116,421 | ▲ 44.3% |
| Income taxes67/77 | €12,862 | €13,834 | €16,465 | €17,070 | €26,349 | ▲ 54.4% |
| Profit (loss) for the period9904 | €37,683 | €40,147 | €64,991 | €63,593 | €90,073 | ▲ 41.6% |
| Profit (loss) for the period to be appropriated9905 | €37,683 | €40,147 | €64,991 | €63,593 | €90,073 | ▲ 41.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €107,128 | €207,652 | €247,267 | €292,289 | €385,764 | ▲ 32.0% |
| Fixed assets21/28 | €1,279 | €43,253 | €32,385 | €21,700 | €11,319 | ▼ 47.8% |
| Tangible fixed assets22/27 | €1,279 | €43,253 | €32,385 | €21,700 | €11,319 | ▼ 47.8% |
| Plant, machinery and equipment23 | €1,279 | €791 | €304 | €0 | - | - |
| Leasing and similar rights25 | - | €42,462 | €32,081 | €21,700 | €11,319 | ▼ 47.8% |
| Current assets29/58 | €105,849 | €164,399 | €214,882 | €270,589 | €374,444 | ▲ 38.4% |
| Amounts receivable within one year40/41 | €26,136 | €159,212 | €17,424 | €11,604 | €63,925 | ▲ 451% |
| Trade receivables40 | €26,136 | €159,212 | €17,424 | €11,604 | €44,004 | ▲ 279% |
| Other amounts receivable41 | - | - | - | - | €19,921 | - |
| Cash at bank and in hand54/58 | €79,713 | €5,187 | €196,358 | €256,632 | €307,329 | ▲ 19.8% |
| Deferred charges and accrued income490/1 | - | - | €1,100 | €2,353 | €3,191 | ▲ 35.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €107,128 | €207,652 | €247,267 | €292,289 | €385,764 | ▲ 32.0% |
| Equity10/15 | €55,683 | €95,830 | €160,821 | €224,414 | €82,726 | ▼ 63.1% |
| Contributions10/11 | €18,000 | €18,000 | €18,000 | €18,000 | €18,000 | = |
| Reserves13 | €37,683 | €77,830 | €142,821 | €206,414 | €64,726 | ▼ 68.6% |
| Distributable reserves133 | €37,683 | €77,830 | €142,821 | €206,414 | €64,726 | ▼ 68.6% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €51,445 | €111,822 | €86,446 | €67,875 | €303,038 | ▲ 346% |
| Amounts payable after more than one year17 | - | €33,280 | €23,330 | €13,218 | €2,940 | ▼ 77.8% |
| Financial debts170/4 | - | €33,280 | €23,330 | €13,218 | €2,940 | ▼ 77.8% |
| Amounts payable within one year42/48 | €48,945 | €76,043 | €60,616 | €52,157 | €297,597 | ▲ 471% |
| Current portion of amounts payable after more than one year42 | - | €9,789 | €9,949 | €10,112 | €10,278 | ▲ 1.6% |
| Trade debts44 | - | €1,644 | €1,873 | €2,460 | €4,704 | ▲ 91.2% |
| Suppliers440/4 | - | €1,644 | €1,873 | €2,460 | €4,704 | ▲ 91.2% |
| Taxes, remuneration and social security45 | €38,439 | €53,077 | €39,183 | €34,425 | €50,855 | ▲ 47.7% |
| Taxes450/3 | €34,444 | €53,077 | €39,183 | €33,173 | €50,855 | ▲ 53.3% |
| Remuneration and social security454/9 | €3,995 | €0 | - | €1,251 | €0 | ▼ 100% |
| Other amounts payable47/48 | €10,505 | €11,532 | €9,610 | €5,160 | €231,761 | ▲ 45× |
| Accrued charges and deferred income492/3 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37,683 | €40,147 | €64,991 | €63,593 | €90,073 | ▲ 41.6% |
| + Depreciation and write-downs630 | €184 | €9,930 | €10,868 | €10,685 | €10,381 | ▼ 2.8% |
| Operating cash flow (approximation) | €37,866 | €50,077 | €75,860 | €74,278 | €100,454 | ▲ 35.2% |
| Investment in fixed assets (approximation) | - | -€51,904 | €0 | €0 | €0 | - |
| Change in cash | - | -€74,525 | €191,171 | €60,274 | €50,697 | ▼ 15.9% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,713 companies had the same profile as re-work has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
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 497,446 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.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 14-10-2026 | 2026-00556574 | |
| 31-12-2024 | micro format | 28-10-2025 | 2025-00554325 | |
| 31-12-2023 | micro format | 09-09-2024 | 2024-00458006 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00411048 | |
| 31-12-2021 | micro format | 16-08-2023 | 2023-00330222 |
Board & ownership
Directors
Owners and capital
Owners
Network & group
re-work shares no director with another company.
Companies at the same address
10 other companies- Bear Peak Projects Registered office · since 2024 1012600519
- OPINO LEGAL Registered office · since 2023 1002575964
- De Wispelaere, Anthony (sole trader) Establishment · since 2023 0795782456
- Scott, Allison (sole trader) Establishment · since 2022 0789505269
- Vereniging van Mede-Eigenaars van het gebouw te 2018 Antwerpen, Mechelsesteenweg 150 Registered office · since 2018 0717883835
- N&N Immo Registered office · since 2017 0684992422
- N & N Registered office · since 2016 0657852614
- Canale-vervliet Registered office · since 2015 0642720416
- CANALE Establishment · since 2015 0641915811
- Association of Random Ltd. Branch · since 1968 0404542854
Connections & network
1 current directorThe network starts from the directors of re-work. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
02-10
Gazette deed
Registered office moved from Gent to AntwerpenNew seat: 2018 Antwerpen, Mechelsesteenweg 150 bus 1.01 · Previous seat: 9000 Gent, Jozef Kluyskensstraat 3 bus 0102 · Power of attorney3 points ▸
- Board meeting, 01-03-2026
- Registered-office move, 2018 Antwerpen, Mechelsesteenweg 150 bus 1.01
- Power of attorney
29-02
Gazette deed
Registered office moved from Antwerpen to GentNew seat: Jozef Kluyskensstraat 3 bus 0102, 9000 Gent · Previous seat: Mechelsesteenweg 150 bus 1.01, 2018 Antwerpen2 points ▸
- Board meeting, 27-02-2024
- Registered-office move, Jozef Kluyskensstraat 3 bus 0102,9000 Gent
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
2 former offices
- 9000 Gent until 01-03-2026 · act of 02-10-2026
- Mechelsesteenweg 150 bus 1.01, 2018 Antwerpen until 27-02-2024 · act of 29-02-2024
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0767.975.130
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11810K1543/00C043 | Flanders | 722 m² | 1 · 316 m² | 30.0 m · 9 |