S-WORKS
ActiveS-WORKS has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9.00M and a net result of €746k. Equity is growing by ~6.6% per year across the filed fiscal years. Its solvency ranks better than 69% of 4827 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▼-4
Solvency88▼-3
Growth41=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €240k at 30 days acceptable
Liquidity short (current ratio 0.43 against 0.43 in 2024; short-term debt: 28.6% and cash: 1.5% of total assets), and 37.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
62.6%
Return on assets
5.2%
Age of the figures
12 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
on the day
2022
2 d early
2021
2 d early
2020
on the day
2019
30 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€2.47M▼ 5.2%
2024 · €2.61M
2018: €3.42M
2019: €3.23M
2020: €2.77M
2021: €2.59M
2022: €3.42M
2023: €2.78M
2024: €2.61M
2018 → 2025
EBIT margin
18.6%▲ 5.9pp
2024 · 12.7%
2018: 15.1%
2019: 14.9%
2020: 20.8%
2021: 10.2%
2022: 17.8%
2023: -14.1%
2024: 12.7%
2018 → 2025
Net result
€746k▼ 58.2%
2024 · €1.79M
2018: €2.21M
2019: €521k
2020: €359k
2021: €450k
2022: €488k
2023: €-846k
2024: €1.79M
2018 → 2025
Working capital
€-2.33M▼ 3.6%
2024 · €-2.25M
2018: €506k
2019: €1.32M
2020: €306k
2021: €1.08M
2022: €418k
2023: €-440k
2024: €-2.25M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€2.59M-€3.42M▲ 32.1%€2.78M▼ 18.6%€2.61M▼ 6.2%€2.47M▼ 5.2%
Equity€6.95M-€7.41M▲ 6.6%€6.56M▼ 11.4%€8.30M▲ 26.5%€9.00M▲ 8.4%
Operating result€263k-€608k▲ 131%€-391k€330k€460k▲ 39.2%
Net result€450k-€488k▲ 8.5%€-846k€1.79M€746k▼ 58.2%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 39% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €14.37M
Fixed assets
€12.59M▲ 14.7%
Current assets
€1.78M▲ 5.7%
Equity and liabilities €14.37M
Equity
€9.00M▲ 8.4%
Provisions
€179k▼ 6.3%
Debt
€5.20M▲ 24.6%
The debt ratio rises from 32.9% to 36.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€601k▲
2024 · €447k
Cash flow
€887k▼
2024 · €1.90M
Solvency
62.6%▼
2024 · 65.6%
Current ratio
0.43▲
2024 · 0.43
Quick ratio
0.43▲
2024 · 0.43
Debt / equity
0.58▲
2024 · 0.50
ROE
8.3%▼
2024 · 21.5%
ROA
5.2%▼
2024 · 14.1%
Interest coverage
3.84▼
2024 · 3.85
Debt
€5.20M▲
2024 · €4.17M
Debt ≤ 1 year
€4.11M▲
2024 · €3.94M
Debt > 1 year
€1.05M▲
2024 · €229k
Income taxes
€103k▲
2024 · €85k
Staff costs
€240k▲
2024 · €221k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€12.66M€14.37M▲
Fixed assets21/28€10.98M€12.59M▲
Tangible fixed assets22/27€3.00M€3.41M▲
Land and buildings22€2.96M€3.38M▲
Plant, machinery and equipment23€42k€29k▼
Financial fixed assets28€7.98M€9.18M▲
Affiliated companies280/1€3.92M€3.92M=
Participating interests280€2.92M€2.92M=
Amounts receivable281€1.00M€1.00M=
Companies linked by participating interests282/3€4.06M€5.26M▲
Participating interests282€64k€64k=
Amounts receivable283€4.00M€5.20M▲
Current assets29/58€1.68M€1.78M▲
Stocks and contracts in progress3€0€10k▲
Stocks30/36€0€10k▲
Goods purchased for resale34€0€10k▲
Amounts receivable within one year40/41€1.36M€1.43M▲
Trade receivables40€765k€268k▼
Other amounts receivable41€594k€1.16M▲
Current investments50/53€209k€105k▼
Other investments51/53€209k€105k▼
Cash at bank and in hand54/58€101k€218k▲
Deferred charges and accrued income490/1€16k€16k▲
Equity and liabilities
Total equity and liabilities10/49€12.66M€14.37M▲
Equity10/15€8.30M€9.00M▲
Contributions10/11€160k€160k=
Capital10€160k€160k=
Issued capital100€160k€160k=
Revaluation surpluses12€810k€810k=
Reserves13€7.33M€8.00M▲
Non-distributable reserves130/1€16k€16k=
Legal reserve130€16k€16k=
Tax-exempt reserves132€371k€438k▲
Distributable reserves133€6.94M€7.55M▲
Profit (loss) carried forward14€4k€24k▲
Provisions and deferred taxes16€191k€179k▼
Provisions for liabilities and charges160/5€150k€143k▼
Pensions and similar obligations160€114k€114k=
Major repairs and maintenance162€36k€30k▼
Deferred taxes168€41k€35k▼
Amounts payable17/49€4.17M€5.20M▲
Amounts payable after more than one year17€229k€1.05M▲
Financial debts170/4€17k€1.05M▲
Credit institutions173€17k€1.05M▲
Other amounts payable178/9€212k€8k▼
Amounts payable within one year42/48€3.94M€4.11M▲
Current portion of amounts payable after more than one year42€276k€436k▲
Financial debts43€719k€721k▲
Credit institutions430/8€719k€721k▲
Trade debts44€360k€33k▼
Suppliers440/4€360k€33k▼
Taxes, remuneration and social security45€111k€45k▼
Taxes450/3€93k€26k▼
Remuneration and social security454/9€19k€19k▲
Other amounts payable47/48€2.47M€2.88M▲
Accrued charges and deferred income492/3€6k€29k▲
Income statement
Code20242025
Operating income70/76A€2.70M€2.57M▼
Turnover70€2.61M€2.47M▼
Other operating income74€91k€101k▲
Operating charges60/66A€2.37M€2.11M▼
Goods for resale, raw materials and consumables60€1.67M€1.48M▼
Purchases600/8€1.64M€1.49M▼
Change in stocks: decrease (increase)609€37k€-10k▼
Services and other goods61€249k€185k▼
Remuneration, social security and pensions62€221k€240k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€117k€141k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€0€-6k▼
Other operating charges640/8€107k€73k▼
Operating profit (loss)9901€330k€460k▲
Financial income75/76B€1.65M€531k▼
Recurring financial income75€1.65M€531k▼
Income from financial fixed assets750€1.60M€448k▼
Income from current assets751€44k€81k▲
Other financial income752/9€5k€2k▼
Financial charges65/66B€113k€147k▲
Recurring financial charges65€113k€147k▲
Debt charges650€116k€157k▲
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€-179k€-64k▲
Other financial charges652/9€176k€54k▼
Profit (loss) for the period before taxes9903€1.87M€844k▼
Transfer from deferred taxes780€6k€6k=
Income taxes67/77€85k€103k▲
Taxes670/3€85k€103k▲
Profit (loss) for the period9904€1.79M€746k▼
Transfer from tax-exempt reserves789€17k€101k▲
Transfer to tax-exempt reserves689-€168k
Profit (loss) for the period to be appropriated9905€1.80M€679k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.80M€684k▼
Profit (loss) brought forward from the previous period14P€219€4k▲
Transfer from equity791/2€0-
From reserves792€0-
Transfer to equity691/2€1.75M€610k▼
To other reserves6921€1.75M€610k▼
Profit to be distributed694/7€50k€50k=
Other beneficiaries697€50k€50k=
Social balance
Average headcount (FTE)90873.03.0=
The notes to these accounts (88 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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-09
Financial
Back to profitnet €1.79M
Net result €1.79M after one loss-making year.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-09
Financial
Weakest financial yearnet €-846k ▼273%
Net result drops to €-846k, the lowest in the series; recovery starts the following year.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
30-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Wingene · 1 establishment unit since 1984
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.
Beernemsteenweg 618750 WingeneGround area
2.2 ha
Building footprint
8,715 m²
Volume, LiDAR
75,388 m³
Parcel 37018C0216/00S002, Flanders · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Beernemsteenweg 61, 8750 Wingene
since 19842.026.422.149
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37018C0216/00S002 | Flanders | 2.2 ha | 1 · 8,715 m² | 10.2 m · 3 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.
Recognitions · licences · registrations
Legal Entity Identifier
5493007QOKPHWDIWUN75
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DOCKX & COMPANY
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Of 841 companies in sector 46810 we hold annual accounts for 473. 178 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded27-12-1984
Fiscal year end30-09
Activities, NACEBEL
46810Wholesale of solid, liquid and gaseous fuels and related products
49410Freight transport by road
68203Renting and operating of own or leased non-residential real estate, excluding land
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 40 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.