REWORKS
ActiveSummary
REWORKS has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €730,239 and a net result of €102,214. Equity is growing by ~54.3% per year across the filed fiscal years. Its solvency ranks better than 93% of 10485 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▼-13
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55,000 at 30 days acceptable
Liquidity ample (current ratio 7.21 against 4.49 in 2024; short-term debt: 12.7% and cash: 16.7% of total assets), and 13.7% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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 2025Solvency, return and age of the figures
Solvency
86.3%
Return on assets
12.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
8 d early
2024
7 d early
2023
on the day
2022
12 d early
2021
31 d late
2020
22 d early
2019
8 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 4 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€730,239▲ 16.3%
2024 · €628,026
Total assets
€846,336▲ 5.4%
2024 · €802,964
Net result
€102,214▼ 43.1%
2024 · €179,750
Working capital
€665,307▲ 18.5%
2024 · €561,483
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€135,538▼ 2.4%€162,304▲ 19.7%€237,143▲ 46.1%€243,955▲ 2.9%€138,254▼ 43.3%
Net result€77,878within the sector's middle half▼ 23.9%€114,560within the sector's middle half▲ 47.1%€176,924above the sector's middle half▲ 54.4%€179,750above the sector's middle half▲ 1.6%€102,214within the sector's middle half▼ 43.1%
Equity€156,791within the sector's middle half▲ 98.7%€271,351within the sector's middle half▲ 73.1%€448,276within the sector's middle half▲ 65.2%€628,026within the sector's middle half▲ 40.1%€730,239above the sector's middle half▲ 16.3%
Total assets€540,933within the sector's middle half▼ 7.1%€615,799within the sector's middle half▲ 13.8%€684,433within the sector's middle half▲ 11.1%€802,964within the sector's middle half▲ 17.3%€846,336within the sector's middle half▲ 5.4%
Debt€384,142▼ 23.7%€344,448▼ 10.3%€236,158▼ 31.4%€174,938▼ 25.9%€116,097▼ 33.6%
Working capital€104,162€196,100▲ 88.3%€366,243▲ 86.8%€561,483▲ 53.3%€665,307▲ 18.5%
Solvency29.0%within the sector's middle half▲ 15.4pp44.1%within the sector's middle half▲ 15.1pp65.5%above the sector's middle half▲ 21.4pp78.2%above the sector's middle half▲ 12.7pp86.3%above the sector's middle half▲ 8.1pp
Staff (FTE)2.6within the sector's middle half=1.6below the sector's middle half▼ 38.5%1.6within the sector's middle half=1.9within the sector's middle half▲ 18.8%1.9within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 43% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €846,336
Fixed assets
€73,939 ▼ 8.5%
Current assets
€772,397 ▲ 7.0%
Equity and liabilities €846,336
Equity
€730,239 ▲ 16.3%
Debt
€116,097 ▼ 33.6%
Debt's share of the balance-sheet total falls from 21.8% to 13.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€159,857▼
2024 · €264,997
Cash flow
€123,816▼
2024 · €200,793
Current ratio
7.21▲
2024 · 4.49
Quick ratio
2.50▲
2024 · 1.87
Debt to equity
0.16▼
2024 · 0.28
ROE
14.0%▼
2024 · 28.6%
ROA
12.1%▼
2024 · 22.4%
Interest coverage
20.65▼
2024 · 31.91
Debt ≤ 1 year
€107,090▼
2024 · €160,659
Income taxes
€28,346▼
2024 · €56,009
Staff costs
€95,229▲
2024 · €87,185
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,964 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €41 | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | €108,300 | €67,847 | €72,988 | €87,185 | €95,229 | ▲ 9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €61,109 | €47,884 | €20,049 | €21,042 | €21,603 | ▲ 2.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €819 | - |
| Other operating charges640/8 | €6,043 | €6,259 | €7,066 | €8,602 | €6,898 | ▼ 19.8% |
| Gross operating margin9900 | €310,990 | €284,294 | €337,246 | €360,785 | €262,803 | ▼ 27.2% |
| Operating profit (loss)9901 | €135,538 | €162,304 | €237,143 | €243,955 | €138,254 | ▼ 43.3% |
| Financial income75/76B | €541 | €3,669 | €208 | €109 | €47 | ▼ 57.4% |
| Recurring financial income75 | €541 | €3,669 | €208 | €109 | €47 | ▼ 57.4% |
| Financial charges65/66B | €29,119 | €11,129 | €12,377 | €8,305 | €7,741 | ▼ 6.8% |
| Recurring financial charges65 | €29,119 | €11,129 | €12,377 | €8,305 | €7,741 | ▼ 6.8% |
| Profit (loss) for the period before taxes9903 | €106,960 | €154,844 | €224,975 | €235,759 | €130,560 | ▼ 44.6% |
| Income taxes67/77 | €29,082 | €40,284 | €48,050 | €56,009 | €28,346 | ▼ 49.4% |
| Profit (loss) for the period9904 | €77,878 | €114,560 | €176,924 | €179,750 | €102,214 | ▼ 43.1% |
| Profit (loss) for the period to be appropriated9905 | €77,878 | €114,560 | €176,924 | €179,750 | €102,214 | ▼ 43.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €540,933 | €615,799 | €684,433 | €802,964 | €846,336 | ▲ 5.4% |
| Fixed assets21/28 | €134,865 | €86,981 | €83,446 | €80,823 | €73,939 | ▼ 8.5% |
| Intangible fixed assets21 | €30,804 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €104,061 | €86,981 | €83,446 | €80,823 | €73,939 | ▼ 8.5% |
| Land and buildings22 | €75,487 | €63,499 | €57,391 | €57,907 | €43,905 | ▼ 24.2% |
| Plant, machinery and equipment23 | €27,048 | €22,595 | €22,016 | €18,330 | €23,964 | ▲ 30.7% |
| Furniture and vehicles24 | €1,526 | €887 | €4,039 | €4,586 | €6,070 | ▲ 32.4% |
| Current assets29/58 | €406,068 | €528,818 | €600,987 | €722,141 | €772,397 | ▲ 7.0% |
| Stocks and contracts in progress3 | €247,705 | €322,763 | €382,438 | €421,821 | €504,196 | ▲ 19.5% |
| Stocks30/36 | €247,705 | €322,763 | €382,438 | €421,821 | €504,196 | ▲ 19.5% |
| Amounts receivable within one year40/41 | €73,583 | €99,196 | €116,137 | €92,445 | €120,527 | ▲ 30.4% |
| Trade receivables40 | €70,407 | €95,095 | €111,697 | €86,464 | €86,665 | ▲ 0.2% |
| Other amounts receivable41 | €3,176 | €4,101 | €4,440 | €5,981 | €33,862 | ▲ 466% |
| Cash at bank and in hand54/58 | €78,862 | €99,224 | €97,495 | €202,521 | €141,674 | ▼ 30.0% |
| Deferred charges and accrued income490/1 | €5,918 | €7,636 | €4,917 | €5,354 | €6,001 | ▲ 12.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €540,933 | €615,799 | €684,433 | €802,964 | €846,336 | ▲ 5.4% |
| Equity10/15 | €156,791 | €271,351 | €448,276 | €628,026 | €730,239 | ▲ 16.3% |
| Contributions10/11 | €30,000 | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Reserves13 | €126,791 | €241,351 | €418,276 | €598,026 | €700,239 | ▲ 17.1% |
| Distributable reserves133 | €126,791 | €241,351 | €418,276 | €598,026 | €700,239 | ▲ 17.1% |
| Amounts payable17/49 | €384,142 | €344,448 | €236,158 | €174,938 | €116,097 | ▼ 33.6% |
| Amounts payable after more than one year17 | €73,340 | €11,730 | €0 | - | - | - |
| Financial debts170/4 | €73,340 | €11,730 | €0 | - | - | - |
| Amounts payable within one year42/48 | €301,906 | €332,718 | €234,744 | €160,659 | €107,090 | ▼ 33.3% |
| Current portion of amounts payable after more than one year42 | €74,976 | €61,610 | €0 | - | - | - |
| Financial debts43 | €100,000 | €100,000 | €46,730 | €20,593 | €11,727 | ▼ 43.1% |
| Credit institutions430/8 | €100,000 | €100,000 | €46,730 | €20,593 | €11,727 | ▼ 43.1% |
| Trade debts44 | €28,505 | €54,430 | €75,181 | €69,622 | €52,756 | ▼ 24.2% |
| Suppliers440/4 | €28,505 | €54,430 | €75,181 | €69,622 | €52,756 | ▼ 24.2% |
| Taxes, remuneration and social security45 | €92,933 | €109,614 | €104,457 | €60,897 | €31,888 | ▼ 47.6% |
| Taxes450/3 | €86,163 | €102,834 | €95,407 | €58,138 | €30,318 | ▼ 47.9% |
| Remuneration and social security454/9 | €6,770 | €6,780 | €9,050 | €2,759 | €1,570 | ▼ 43.1% |
| Other amounts payable47/48 | €5,492 | €7,064 | €8,376 | €9,547 | €10,719 | ▲ 12.3% |
| Accrued charges and deferred income492/3 | €8,896 | €0 | €1,414 | €14,279 | €9,007 | ▼ 36.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €77,878 | €114,560 | €176,924 | €179,750 | €102,214 | ▼ 43.1% |
| + Depreciation and write-downs630 | €61,109 | €47,884 | €20,049 | €21,042 | €21,603 | ▲ 2.7% |
| Operating cash flow (approximation) | €138,987 | €162,444 | €196,974 | €200,793 | €123,816 | ▼ 38.3% |
| Investment in fixed assets (approximation) | - | €0 | -€16,514 | -€18,419 | -€14,719 | ▲ 20.1% |
| Change in cash | - | €20,361 | -€1,729 | €105,026 | -€60,847 | ▼ 158% |
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
Next filing, fiscal year 2026, expected by
2026
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €179,750 ▲1.6%
Operating result €243,955, net result €179,750, both a record.
31-12
Financial
Equity above €500,000Eq €628,026 ▲40.1%
5 profitable years in a row build equity to €628,026.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €200,000Eq €271,351 ▲73.1%
3 profitable years in a row build equity to €271,351.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Equity above €150,000Eq €156,791 ▲98.7%
2 profitable years in a row build equity to €156,791.
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €102,313
Net result €102,313 after 2 loss-making years.
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 20 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, Peer · 1 establishment unit since 2017
Ground area
655 m²
Building footprint
1,044 m²
Parcel 72030B0817/00K002, Flanders. Linked by address, not a title deed.
1 establishment unit
Baan naar Bree 21, 3990 Peer
since 20172.268.650.252
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72030B0817/00K002 | Flanders | 655 m² | 1 · 1,044 m² | - |
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.
Structure & network
Owners and holdings
1 ownerOwners 1
-
50%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 1,719 companies in sector 47521 we hold annual accounts for 1,287. 986 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
Founded27-09-2017
Fiscal year end31-12
Activities, NACEBEL 2025
47521Retail sale of hardware, building materials, paint and glass (general range)
47120Other non-specialised retail sale
E-invoicing
Reachable via Peppol
Peppol ID
0208:0681838734
Registered
31-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.