Step2Work
ActiveSummary
Step2Work has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €15k and a net result of €-245. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 19% of 353 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
47
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability47▲+20
Solvency27▼-1
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.96 against 0.92 in 2023; short-term debt: 81.6% and cash: 12.5% of total assets), and 97.7% 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
2.3%
Return on assets
0%
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 78
Relative position
BE, all sectors
reference
Sector 78
lower
← fewer bankruptcies
more bankruptcies →
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
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-245
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 353 sector peers (2024).
NBB · sector comparisonPosition among 353 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-06-2025, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
51 d early
2023
47 d early
2022
18 d late
2021
31 d late
2020
89 d late
2019
31 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€15k▼ 1.6%
2023 · €16k
2018: €-37k
2019: €-27k
2020: €15k
2021: €39k
2022: €42k
2023: €16k
2018 → 2024
Total assets
€662k▲ 24.2%
2023 · €533k
2018: €15k
2019: €101k
2020: €105k
2021: €526k
2022: €657k
2023: €533k
2018 → 2024
Net result
€-245▲ 99.1%
2023 · €-27k
2018: €-15k
2019: €10k
2020: €14k
2021: €24k
2022: €3k
2023: €-27k
2018 → 2024
Working capital
€-23k▲ 31.6%
2023 · €-34k
2018: €-37k
2019: €-62k
2020: €-10k
2021: €-70k
2022: €-3k
2023: €-34k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€15k-€39k▲ 158%€42k▲ 7.9%€16k▼ 63.3%€15k▼ 1.6%
Operating result€16k-€36k▲ 126%€13k▼ 64.9%€-19k€391
Net result€14k-€24k▲ 67.2%€3k▼ 87.2%€-27k€-245▲ 99.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €391 after a loss of €19k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €662k
Fixed assets
€145k ▲ 3.9%
Current assets
€517k ▲ 31.4%
Equity and liabilities €662k
Equity
€15k ▼ 1.6%
Debt
€647k ▲ 25.0%
Debt's share of the balance-sheet total rises from 97.1% to 97.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€29k▲
2023 · €14k
Cash flow
€28k▲
2023 · €6k
Current ratio
0.96▲
2023 · 0.92
Debt to equity
42.20▲
2023 · 33.23
ROE
-1.6%▲
2023 · -172.6%
ROA
0.0%▲
2023 · -5.0%
Interest coverage
3.35▲
2023 · 1.80
Debt ≤ 1 year
€540k▲
2023 · €427k
Debt > 1 year
€106k▲
2023 · €90k
Income taxes
€405▼
2023 · €459
Staff costs
€1.85M▲
2023 · €1.55M
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 · 2024 against 2023 · 47 lines
Balance sheet
Code20232024
Assets
Total assets20/58€533k€662k▲
Fixed assets21/28€139k€145k▲
Tangible fixed assets22/27€135k€142k▲
Furniture and vehicles24€9k€5k▼
Leasing and similar rights25€118k€117k▼
Other tangible fixed assets26€8k€19k▲
Financial fixed assets28€5k€3k▼
Current assets29/58€394k€517k▲
Amounts receivable within one year40/41€383k€432k▲
Trade receivables40€383k€432k▲
Other amounts receivable41€256€341▲
Cash at bank and in hand54/58€9k€83k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€533k€662k▲
Equity10/15€16k€15k▼
Contributions10/11€34k€34k=
Profit (loss) carried forward14€-19k€-19k▼
Amounts payable17/49€517k€647k▲
Amounts payable after more than one year17€90k€106k▲
Financial debts170/4€90k€106k▲
Amounts payable within one year42/48€427k€540k▲
Current portion of amounts payable after more than one year42€49k€62k▲
Trade debts44€104k€123k▲
Suppliers440/4€104k€123k▲
Taxes, remuneration and social security45€132k€245k▲
Taxes450/3€81k€98k▲
Remuneration and social security454/9€51k€147k▲
Other amounts payable47/48€142k€110k▼
Accrued charges and deferred income492/3€570€570=
Income statement
Code20232024
Non-recurring operating income76A€3k-
Remuneration, social security and pensions62€1.55M€1.85M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€28k▼
Other operating charges640/8€5k€9k▲
Non-recurring operating charges66A-€6k
Gross operating margin9900€1.57M€1.89M▲
Operating profit (loss)9901€-19k€391▲
Financial income75/76B€463€8k▲
Recurring financial income75€463€8k▲
Financial charges65/66B€8k€9k▲
Recurring financial charges65€8k€9k▲
Profit (loss) for the period before taxes9903€-26k€160▲
Income taxes67/77€459€405▼
Profit (loss) for the period9904€-27k€-245▲
Profit (loss) for the period to be appropriated9905€-27k€-245▲
Appropriation of the result
Profit (loss) to be appropriated9906€-19k€-19k▼
Profit (loss) brought forward from the previous period14P€8k€-19k▼
Social balance
Average headcount (FTE)908726.926.4▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-27k ▼970%
Net result drops to €-27k, the lowest in the series; recovery starts the following year.
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 18 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €24k ▲67.2%
Operating result €36k, net result €24k, both a record.
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
03-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Genk · 2 establishment units since 2022
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.
Troisdorflaan 83600 GenkGround area
4,296 m²
Building footprint
800 m²
Volume, LiDAR
6,364 m³
2 parcels, Flanders · tallest building 13.0 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Step2Work
since 20222.337.921.516
Troisdorflaan 8, 3600 Genk
since 20242.362.064.816
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71304E0735/00L013 | Flanders | 4,208 m² | 1 · 712 m² | 9.3 m · 3 fl. |
| 71053H0502/00B000 | Flanders | 88 m² | 1 · 88 m² | 13.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 59 EUR awarded · 59 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 59 EUR | 59 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 1,014 companies in sector 78200 we hold annual accounts for 645. 319 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
Founded26-04-2011
Fiscal year end31-12
Activities, NACEBEL 2025
78200Temporary employment agencies and other provision of personnel
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.