Reworx Development
ActiveSummary
Reworx Development has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €59,128 and a net result of -€45,872. Its solvency ranks better than 24% of 16,985 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Overview
- Staff
- 1 FTE
- Equity
- €59,128
- Loss
- -€45,872
- ReworxDirector · permanent representative GOEN Matthieu Paul Caroline
- MGOENDirector
Why 62raises riskLiquidity: current ratio 3.27, cash €305Latest accounts 75 days late; 1 of the last 3 latelowers riskSector: Real estate activities (NACE 68)Size: total assets €2.5mShow the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 68, small): better than 19% on solvency, 30% on liquidity and 26% on profitability.
The bankruptcy probability was computed on 21-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · micro…
- IncorporationAppointment: MGOEN (statutory director) ·…
Financials · financial year 2025, micro format
2025 annual accounts filed late (75 days) 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, 2026-00556345.
Turnover and EBIT margin not published: the micro format does not require them.
Peer companies
Historical observationOf the 280 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 95.7% are still going.
- Micro
- under 2 years old
- solvency under 10%
- a small loss
For this company itself Checked computes a higher bankruptcy probability: 1.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 280 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.
| Line | 2025 |
|---|---|
| Remuneration, social security and pensions62 | €7,822 |
| Other operating charges640/8 | €422 |
| Gross operating margin9900 | -€3,331 |
| Operating profit (loss)9901 | -€11,575 |
| Financial charges65/66B | €34,297 |
| Recurring financial charges65 | €34,297 |
| Profit (loss) for the period before taxes9903 | -€45,872 |
| Profit (loss) for the period9904 | -€45,872 |
| Profit (loss) for the period to be appropriated9905 | -€45,872 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €2.5m | |
| Current assets29/58 | €2.5m | |
| Stocks and contracts in progress3 | €2.5m | |
| Stocks30/36 | €2.5m | |
| Cash at bank and in hand54/58 | €305 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €2.5m | |
| Equity10/15 | €0.06m | |
| Contributions10/11 | €0.1m | |
| Profit (loss) carried forward14 | -€0.05m | |
| Amounts payable17/49 | €2.4m | |
| Amounts payable after more than one year17 | €1.6m | |
| Financial debts170/4 | €1.6m | |
| Amounts payable within one year42/48 | €0.8m | |
| Financial debts43 | €0.5m | |
| Credit institutions430/8 | €0.5m | |
| Trade debts44 | €0.1m | |
| Suppliers440/4 | €0.1m | |
| Taxes, remuneration and social security45 | €0.002m | |
| Remuneration and social security454/9 | €0.002m | |
| Other amounts payable47/48 | €0.2m | |
| Accrued charges and deferred income492/3 | €0.02m | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | -€45,872 |
| Operating cash flow (approximation) | -€45,872 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 14-10-2026 | 2026-00556345 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 2
Permanent representatives 1
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| MGOENfrom an act |
|
| Reworx |
|
Owners and capital
Capital and shareholders
- MAATSCHAP MIDELCO (BE 0723.886.551) 20 shares (20%)
- WILEMM (BE 0759.960.752) 10 shares (10%)
- GOEN Matthieu Paul Caroline 70 shares (70%)
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 29-01-2025 Incorporation · €105,000 · 100 shares
Group and network
Connections & network
1 connected companyThe connected companies are in the list below.
History
Reworx Development was incorporated on 27 January 2025 as a private limited company by MAATSCHAP MIDELCO, WILEMM and one natural person, with a starting capital of €105,000.12 The board currently has 2 members; 2 of them have served since 2025.2 The company has filed annual accounts once, for financial year 2025.3
Acts, filings and financial milestones
29-01
Gazette deed
IncorporationAppointment: MGOEN (statutory director) · Permanent representative: GOEN Matthieu Paul Caroline · Founder10 facts ▸
- Incorporation, 27-01-2025
- Founder, MAATSCHAP MIDELCO
- Founder, WILEMM
- Founder, GOEN Matthieu Paul Caroline
- Founding capital, €105,000
- Director appointment, MGOEN (statutory director)
- Permanent representative, GOEN Matthieu Paul Caroline
- Registered office clause, “2650 Edegem,Leopold III-lei 11” (deed in Dutch)
- Pre-incorporation commitments, “takeover, alle verbintenissen en verplichtingen die eruit voortvloeien en alle activiteiten ondernomen sinds 01-06-2024 in naam en voor rekening vennootschap i…” (deed in Dutch)
- Other provision, “neerlegging tekst statuten, partijen gaven opdracht aan notaris om tekst statuten neer te leggen” (deed in Dutch)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 21 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11472B0127/00R006 | Flanders | 586 m² | 1 · 132 m² | 8.3 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De aan- en verkoop van alle ongebouwde en gebouwde onroerende goederen van alle aard en voor alle bestemmingen; het…” (deed in Dutch)
7 activities (deed in Dutch)
- De aan- en verkoop van alle ongebouwde en gebouwde onroerende goederen van alle aard en voor alle bestemmingen; het verkavelen,uitrusten,inrichten en tot waarde brengen op alle mogelijke wijzen van alle onroerende goederen en het in optie nemen en geven van onroerende goederen.
- Het huren,verhuren,leasen op alle mogelijke wijzen van alle mogelijke onbebouwde en gebouwde onroerende goederen
- Het in bewaring nemen van onroerende goederen.
- Alle activiteiten van een houdstermaatschappij en namelijk verwerven,aan- en verkopen,beheren en tot waarde brengen van alle participaties en deelbewijzen van en in alle vennootschappen en ondernemingen,het beheren van eigen onroerende goederen
- De studie,financiering en ontwikkeling van roerende en onroerende projecten
- Bemiddeling van financieringen,kredieten,hypotheken,verkopingen en verzekeringen
- Het aanvaarden en uitoefenen van alle mandaten en opdrachten,het uitvoeren van alle onderzoeken en studies en het verstrekken van alle adviezen en het verlenen van alle bijstand inzake de inrichting,de planning en het beheer van ondernemingen en bedrijven in verband met de bouwnijverheid en aanverwante.
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Artikel 11 – Bestuursorgaan, TITEL IV: BESTUUR en CONTROLE” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Artikel 5 – Aandelen, TITEL II: EIGEN VERMOGEN en INBRENGEN” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Monday of June at 18:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor