Real Workers
ActiveSummary
The computed 12-month bankruptcy probability of Real Workers is 1.8% (moderate). The 2024 annual accounts show equity of €555k and a net result of €135k. Equity is growing by ~77.3% per year across the filed fiscal years. Its solvency ranks better than 87% of 9982 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability93▼-7
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days only on tighter terms
Liquidity ample (current ratio 5.01 against 3.64 in 2023; short-term debt: 17.4% and cash: 11.7% of total assets), and 21.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
78.9%
Return on assets
19.2%
Age of the figures
21 mo
raises risk · Filed more than 90 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: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
170 d late
2023
159 d late
2022
79 d late
2021
29 d late
2020
67 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€555k▲ 25.1%
2023 · €444k
Total assets
€704k▲ 18.7%
2023 · €593k
Net result
€135k▼ 32.3%
2023 · €200k
Working capital
€492k▲ 25.1%
2023 · €394k
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
Line20202021202220232024
Operating result€57k-€128k▲ 125%€183k▲ 43.2%€266k▲ 45.1%€180k▼ 32.4%
Net result€46k-€100k▲ 116%€139k▲ 38.5%€200k▲ 43.7%€135k▼ 32.3%
Equity€47k-€148k▲ 212%€268k▲ 81.4%€444k▲ 65.6%€555k▲ 25.1%
Total assets€117k-€316k▲ 170%€354k▲ 12.0%€593k▲ 67.6%€704k▲ 18.7%
Debt€69k-€168k▲ 142%€86k▼ 49.0%€149k▲ 73.8%€149k▼ 0.2%
Working capital€15k-€119k▲ 708%€211k▲ 76.9%€394k▲ 86.7%€492k▲ 25.1%
Staff (FTE)0.20.8▲ 300%1.6▲ 100%2▲ 25.0%
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 32% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €704k
Fixed assets
€89k ▲ 76.4%
Current assets
€615k ▲ 13.4%
Equity and liabilities €704k
Equity
€555k ▲ 25.1%
Debt
€149k ▼ 0.2%
Debt's share of the balance-sheet total falls from 25.1% to 21.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€206k▼
2023 · €284k
Cash flow
€161k▼
2023 · €218k
Current ratio
5.01▲
2023 · 3.64
Debt to equity
0.27▼
2023 · 0.34
ROE
24.4%▼
2023 · 45.0%
ROA
19.2%▼
2023 · 33.7%
Interest coverage
72.39▼
2023 · 211.58
Debt ≤ 1 year
€123k▼
2023 · €149k
Debt > 1 year
€26k
Income taxes
€42k▼
2023 · €66k
Staff costs
€134k▲
2023 · €92k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €10k | - |
| Remuneration, social security and pensions62 | - | €17k | €44k | €92k | €134k | ▲ 45.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €10k | €9k | €18k | €26k | ▲ 47.1% |
| Other operating charges640/8 | - | €2k | €4k | €3k | €6k | ▲ 149% |
| Non-recurring operating charges66A | - | - | €6k | - | - | - |
| Gross operating margin9900 | €71k | €156k | €245k | €378k | €347k | ▼ 8.4% |
| Operating profit (loss)9901 | €57k | €128k | €183k | €266k | €180k | ▼ 32.4% |
| Financial income75/76B | - | €15 | €2 | €2k | €0 | ▼ 100.0% |
| Recurring financial income75 | €250 | €15 | €2 | €2k | €0 | ▼ 100.0% |
| Financial charges65/66B | - | €1k | €2k | €1k | €3k | ▲ 112% |
| Recurring financial charges65 | €899 | €1k | €2k | €1k | €3k | ▲ 112% |
| Profit (loss) for the period before taxes9903 | €56k | €127k | €181k | €266k | €177k | ▼ 33.5% |
| Income taxes67/77 | €10k | €27k | €42k | €66k | €42k | ▼ 37.2% |
| Profit (loss) for the period9904 | €46k | €100k | €139k | €200k | €135k | ▼ 32.3% |
| Profit (loss) for the period to be appropriated9905 | €46k | €100k | €139k | €200k | €135k | ▼ 32.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €117k | €316k | €354k | €593k | €704k | ▲ 18.7% |
| Fixed assets21/28 | €33k | €34k | €57k | €50k | €89k | ▲ 76.4% |
| Intangible fixed assets21 | - | - | €811 | €407 | €2 | ▼ 99.5% |
| Tangible fixed assets22/27 | €33k | €34k | €56k | €50k | €89k | ▲ 77.9% |
| Land and buildings22 | - | - | - | - | €17k | - |
| Plant, machinery and equipment23 | - | €9k | €11k | €11k | €9k | ▼ 21.7% |
| Furniture and vehicles24 | - | €25k | €45k | €39k | €63k | ▲ 62.6% |
| Current assets29/58 | €84k | €281k | €296k | €542k | €615k | ▲ 13.4% |
| Amounts receivable within one year40/41 | €49k | €275k | €284k | €410k | €528k | ▲ 28.9% |
| Trade receivables40 | - | €271k | €269k | €338k | €397k | ▲ 17.5% |
| Other amounts receivable41 | - | €4k | €15k | €72k | €131k | ▲ 82.4% |
| Cash at bank and in hand54/58 | €32k | €2k | €8k | €128k | €82k | ▼ 35.8% |
| Deferred charges and accrued income490/1 | - | €4k | €5k | €5k | €5k | ▼ 0.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €117k | €316k | €354k | €593k | €704k | ▲ 18.7% |
| Equity10/15 | €47k | €148k | €268k | €444k | €555k | ▲ 25.1% |
| Contributions10/11 | - | €1k | €1k | €1k | €1k | = |
| Reserves13 | €46k | €147k | €267k | €443k | €554k | ▲ 25.1% |
| Distributable reserves133 | - | €147k | €267k | €443k | €554k | ▲ 25.1% |
| Amounts payable17/49 | €69k | €168k | €86k | €149k | €149k | ▼ 0.2% |
| Amounts payable after more than one year17 | - | €6k | - | - | €26k | - |
| Financial debts170/4 | - | €6k | - | - | €26k | - |
| Amounts payable within one year42/48 | €69k | €162k | €86k | €149k | €123k | ▼ 17.6% |
| Current portion of amounts payable after more than one year42 | - | €5k | - | - | €10k | - |
| Trade debts44 | €47k | €113k | €17k | €58k | €34k | ▼ 42.1% |
| Suppliers440/4 | - | €113k | €17k | €58k | €34k | ▼ 42.1% |
| Taxes, remuneration and social security45 | - | €37k | €69k | €91k | €59k | ▼ 35.2% |
| Taxes450/3 | - | €36k | €69k | €79k | €30k | ▼ 61.6% |
| Remuneration and social security454/9 | - | €455 | - | €11k | €28k | ▲ 147% |
| Other amounts payable47/48 | - | €8k | - | - | €20k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €46k | €100k | €139k | €200k | €135k | ▼ 32.3% |
| + Depreciation and write-downs630 | €2k | €10k | €9k | €18k | €26k | ▲ 47.1% |
| Operating cash flow (approximation) | €49k | €110k | €148k | €218k | €161k | ▼ 25.8% |
| Investment in fixed assets (approximation) | - | €-11k | €-32k | €-11k | €-65k | ▼ 501% |
| Change in cash | - | €-29k | €5k | €120k | €-46k | ▼ 138% |
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
2026
17-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 170 days late
2025
06-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 159 days late
2024
31-12
Financial
Equity above €500kEq €555k ▲25.1%
5 profitable years in a row build equity to €555k.
2023
31-12
Financial
Highest result since 2020net €200k ▲43.7%
Operating result €266k, net result €200k, both a record.
18-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 79 days late
2022
31-12
Financial
Equity above €200kEq €268k ▲81.4%
3 profitable years in a row build equity to €268k.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Equity above €100kEq €148k ▲212%
2 profitable years in a row build equity to €148k.
06-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 67 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Hamme (Vl.) · 1 establishment unit since 2019
Ground area
825 m²
Building footprint
168 m²
Volume, LiDAR
754 m³
Parcel 42008A1659/00F002, Flanders · tallest building 7.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Real Workers
since 20192.292.551.547
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42008A1659/00F002 | Flanders | 825 m² | 1 · 168 m² | 7.2 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,036. 8,806 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
Founded18-07-2019
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
42120Civil engineering
43120Site preparation
Scores and ratios are computed by Checked and are not a credit decision.