Equity
€554,992 ▲ 25.1%
Real Workers paid out €24,000 in dividends. That is 18% of the 2024 profit.
Real Workers
Lifetime
5 annual accounts with figures on one time axispeak €378,495 (2023)
€346,716▼ 8.4%
peak €199,772 (2023)
€135,253▼ 32.3%
peak €554,992 (2024)
€554,992▲ 25.1%
€148,514▼ 0.2%
Board2 names since 2019
2 directorsÖZTÜRK Mustafa and 1 other
Documentsfilings and deeds
17-01-2026170 days late
2024micro format
Result from €199,772 to €135,253Dividend €24,000Equity from €443,739 to €554,992Investments €64,502Cash from €128,051 to €82,205
Key points
from the 2024 annual accountsResult
€135,253 ▼ 32.3%
The result fell in 2024 from €199,772 to €135,253.
Investments
€64,502 2.5 × depreciation
Green is investment, beige is depreciation.
Filings
5 annual accounts 102 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Board
1 left
A director left. Latest change 01-02-2026 · 1 in office.
Position in the sector
€135,253
Higher net result than 95% of companies in construction of buildings. Sector median €7,912 · 9,823 companies.
Checked score
42
Weak
Financially stronger than 75% of micro companies in construction of buildings (NACE 41)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
4.6% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 11.1%
01-2025: 13.8%▲ +2.7 percentage points vs 12-2024highest value
02-2025: 2.4%▼ -11.4 percentage points vs 01-2025lowest value
03-2025: 2.5%▲ +0.1 percentage points vs 02-2025
04-2025: 2.5%● unchanged vs 03-2025
05-2025: 2.7%▲ +0.2 percentage points vs 04-2025
06-2025: 2.8%▲ +0.1 percentage points vs 05-2025
07-2025: 2.8%● unchanged vs 06-2025
08-2025: 3.7%▲ +0.9 percentage points vs 07-2025
09-2025: 4.2%▲ +0.5 percentage points vs 08-2025
10-2025: 6.3%▲ +2.1 percentage points vs 09-2025
11-2025: 2.7%▼ -3.6 percentage points vs 10-2025
12-2025: 3.4%▲ +0.7 percentage points vs 11-2025
01-2026: 4.8%▲ +1.4 percentage points vs 12-2025
02-2026: 2.9%▼ -1.9 percentage points vs 01-2026
03-2026: 3.0%▲ +0.1 percentage points vs 02-2026
04-2026: 3.0%● unchanged vs 03-2026
05-2026: 2.8%▼ -0.2 percentage points vs 04-2026
06-2026: 2.8%● unchanged vs 05-2026
07-2026: 3.0%▲ +0.2 percentage points vs 06-2026
08-2026: 3.5%▲ +0.5 percentage points vs 07-2026
09-2026: 3.6%▲ +0.1 percentage points vs 08-2026
10-2026: 4.6%▲ +1.0 percentage point vs 09-2026
11-2026: 4.6%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 financial year not filed after the legal deadline; last filed accounts filed 170 days late; 3 of the last 3 accounts late
Figures for financial year 2024 (filed on 19-01-2026)
Founded in 2019
lowers risk
Equity €554,992 (78.9% of total assets)
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 41, micro). It does better than 92% of them on solvency, 65% on liquidity, 77% on profitability and 68% 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 31-12-2024.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% 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, 26,972 companies had the same profile as Real Workers has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Real Workers itself is higher: 4.6% within 12 months. It rests on far more data about Real Workers than the profile alone.
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 26,972 companies, not a prediction for Real Workers. 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 €23,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is ample, with a current ratio of 5.01 (3.64 in 2023), above the usual 1.5. Short-term debt is 17.4% and cash 11.7% of total assets. 21.1% 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 · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 102 days later.
NBB · 5 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline10-11-2026 today
raises risk · 2024 accounts filed 170 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-01-2026, 170 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 5 filingsDeviation from the deadline
2025
not filed
2024
170 days late
2023
159 days late
2022
79 days late
2021
29 days late
2020
67 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 101 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (1)
Recent changes
Resignation: Ekici Nuh (director)
General meeting of 01-02-2026 · Gazette deed
Registered office moved from Ghent to Hamme
New registered office: Sportpleinstraat 13, 9220 Hamme · Previous registered office: Afrikalaan 48, 9000 Gent · Gazette deed
Appointment: Ekici Nuh (director)
General meeting of 22-01-2021 · Gazette deed
Incorporation
Founder: ÖZTÜRK Mustafa · Founding capital of €1,000, 100 shares · Appointment: ÖZTÜRK Mustafa (director) · published on 22-07-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Real Workers Hamme (Vl.) | €703,507 | €346,716 | 78.9% | - |
| PIETJE PEK PROJECTS Ghent | €781,777 | €383,183 | 8.8% | - |
| Humphry's Gavere | €623,979 | €294,071 | 64.3% | 3 |
| BETOQAD Aalter | €747,439 | €406,932 | 73.6% | 0.3 |
| Bruggeman Bouwt Ghent | €737,582 | €280,072 | 36.6% | 1 |
| PRO SIM Aalst | €693,171 | €277,510 | 14.2% | - |
| WIDABO BOUW Maldegem | €776,424 | €279,558 | 13.7% | 1 |
These companies have the same main activity as Real Workers: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €624,000 and €782,000, founded between 2019 and 2020.
Official details
Source: KBO- Status
- Active since 18-07-2019Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 2 others
- Establishment unit
- 2.292.551.5479220 Hamme (Vl.), since 18-07-2019
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2024
- ≈ €780,000estimated
- €703,507▲ 18.7%
- Employeeson 31-12-2024
- 2=
- Filing
- Filed on 17-01-2026
Insights on Real Workers
Real Workers files the micro format. That format states no turnover. The gross margin rose from €71,291 in 2020 to €346,716 in 2024.
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 Real Workers
- What is the company number of Real Workers?
- The company number of Real Workers is 0730.848.577. The VAT number is the same number with BE in front: BE 0730.848.577.
- Where is Real Workers based?
- The registered office is at Sportpleinstraat 13, 9220 Hamme (Vl.).Company details
- What does Real Workers do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of Real Workers?
- Real Workers is a private limited company (BV).
- When was Real Workers founded?
- Real Workers was founded on 18-07-2019.
- Is Real Workers still active?
- Yes, Real Workers is an active enterprise in the KBO register.
- How many employees does Real Workers have?
- Real Workers had an average of 2 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of Real Workers?
- The turnover in financial year 2024 is ≈ €780,000. This figure is estimated from the gross margin of €346,716 and 56 comparable companies (NACE 41001). It probably lies between €630,000 and €1.2m.
- Is Real Workers profitable?
- In financial year 2024, Real Workers made a profit of €135,253.
- Where can I find the annual accounts of Real Workers?
- Real Workers filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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