RETROWORKS
ActiveSummary
RETROWORKS has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €211k and a net result of €58k. Equity is growing by ~7.3% per year across the filed fiscal years. Its solvency ranks better than 47% of 3480 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability85▲+14
Solvency72▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity tight (current ratio 1.04 against 1.98 in 2024; short-term debt: 25.6% and cash: 13.7% of total assets), and 52.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Sector 74
lower
← 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 2025Solvency, return and age of the figures
Solvency
47.3%
Return on assets
13.1%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 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 · 10 filingsDeviation from the deadline
2025
20 d late
2024
3 d early
2023
18 d late
2022
53 d early
2021
3 d early
2020
2 d early
2019
3 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€211k▲ 13.0%
2024 · €187k
2019: €122k
2020: €148k
2021: €174k
2022: €184k
2023: €189k
2024: €187k
2019 → 2025
Total assets
€446k▲ 9.3%
2024 · €408k
2019: €330k
2020: €330k
2021: €360k
2022: €353k
2023: €406k
2024: €408k
2019 → 2025
Net result
€58k▲ 725%
2024 · €7k
2019: €80k
2020: €80k
2021: €27k
2022: €11k
2023: €5k
2024: €7k
2019 → 2025
Working capital
€4k▼ 94.2%
2024 · €69k
2019: €67k
2020: €67k
2021: €57k
2022: €30k
2023: €27k
2024: €69k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€174k-€184k▲ 6.0%€189k▲ 2.3%€187k▼ 1.1%€211k▲ 13.0%
Operating result€35k-€15k▼ 58.1%€11k▼ 25.8%€14k▲ 25.1%€78k▲ 469%
Net result€27k-€11k▼ 57.9%€5k▼ 55.4%€7k▲ 41.4%€58k▲ 725%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 469% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €446k
Fixed assets
€328k ▲ 22.3%
Current assets
€118k ▼ 15.6%
Equity and liabilities €446k
Equity
€211k ▲ 13.0%
Debt
€235k ▲ 6.1%
Debt's share of the balance-sheet total falls from 54.2% to 52.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€118k▲
2024 · €46k
Cash flow
€99k▲
2024 · €40k
Current ratio
1.04▼
2024 · 1.98
Quick ratio
0.84▼
2024 · 1.95
Debt to equity
1.11▼
2024 · 1.19
ROE
27.7%▲
2024 · 3.8%
ROA
13.1%▲
2024 · 1.7%
Interest coverage
24.18▲
2024 · 10.64
Debt ≤ 1 year
€114k▲
2024 · €71k
Debt > 1 year
€121k▲
2024 · €110k
Income taxes
€14k▲
2024 · €2k
Staff costs
€75k▲
2024 · €48k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€408k€446k▲
Fixed assets21/28€268k€328k▲
Tangible fixed assets22/27€268k€328k▲
Land and buildings22€203k€227k▲
Plant, machinery and equipment23€19k€24k▲
Furniture and vehicles24€46k€77k▲
Current assets29/58€140k€118k▼
Stocks and contracts in progress3€2k€22k▲
Stocks30/36€2k€22k▲
Amounts receivable within one year40/41€98k€33k▼
Trade receivables40€95k€25k▼
Other amounts receivable41€4k€8k▲
Cash at bank and in hand54/58€37k€61k▲
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€408k€446k▲
Equity10/15€187k€211k▲
Contributions10/11€19k€19k=
Reserves13€168k€192k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€166k€190k▲
Amounts payable17/49€221k€235k▲
Amounts payable after more than one year17€110k€121k▲
Financial debts170/4€110k€121k▲
Amounts payable within one year42/48€71k€114k▲
Current portion of amounts payable after more than one year42€22k€25k▲
Trade debts44€18k€63k▲
Suppliers440/4€18k€63k▲
Taxes, remuneration and social security45€31k€24k▼
Taxes450/3€20k€5k▼
Remuneration and social security454/9€10k€19k▲
Other amounts payable47/48€826€2k▲
Accrued charges and deferred income492/3€41k-
Income statement
Code20242025
Remuneration, social security and pensions62€48k€75k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€40k▲
Other operating charges640/8€997€1k▲
Gross operating margin9900€95k€194k▲
Operating profit (loss)9901€14k€78k▲
Financial charges65/66B€4k€5k▲
Recurring financial charges65€4k€5k▲
Profit (loss) for the period before taxes9903€9k€73k▲
Income taxes67/77€2k€14k▲
Profit (loss) for the period9904€7k€58k▲
Profit (loss) for the period to be appropriated9905€7k€58k▲
Appropriation of the result
Profit (loss) to be appropriated9906€7k€58k▲
Transfer from equity791/2€8k€34k▲
Transfer to equity691/2€6k€58k▲
To other reserves6921€6k€58k▲
Profit to be distributed694/7€9k€34k▲
Return on contributions (dividend)694€9k€34k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 20 days late
2025
31-12
Financial
Equity above €200kEq €211k ▲13%
7 profitable years in a row build equity to €211k.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 18 days late
2023
31-12
Financial
Weakest financial yearnet €5k ▼55.4%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
2022
09-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Equity above €150kEq €174k ▲17.6%
3 profitable years in a row build equity to €174k.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Oudsbergen · 1 establishment unit since 2014
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Weg naar As 1553660 OudsbergenGround area
1,321 m²
Building footprint
154 m²
Volume, LiDAR
815 m³
Parcel 71047A1440/00E010, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Retroworks
since 20142.280.444.264
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71047A1440/00E010 | Flanders | 1,321 m² | 1 · 154 m² | 7.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
NOTICED COMMUNICATIEBUREAU
BE 0806.663.876
Lier · Eq €210,793
SPOTDESIGN
BE 0841.742.145
Wervik · Eq €211,322
Rocas
BE 1001.363.167
Elsene · Eq €210,039
Terrain
BE 0715.658.674
Gent · Eq €215,482
Uncompressed
BE 0787.368.103
Herent · Eq €206,307
Of 6,295 companies in sector 74120 we hold annual accounts for 1,011. 677 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-11-2014
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
74120Graphic design and visual communication
95316Washing and cleaning of motor vehicles
47820Retail sale of motor vehicle parts and accessories
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.