Equity
Equity rose in 2025 from €15,327 to €93,410.
Equity rose in 2025 from €15,327 to €93,410.
Of this, €351,657 falls due within a year.
In 2025, 1,065 short contracts started and 1,078 ended, on average 43 hours worked per contract. Staff averaged 20 full-time equivalents.
The dashed line is the sector median: 0.2% across 195 companies (NACE 78, small).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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 78, small). It does better than 38% of them on solvency, 20% on liquidity, 80% on profitability and 99% on growth.
The bankruptcy probability was computed on 07-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 2,609 companies had the same profile as Step2Work has now. Each dot stands for 7 companies, two years later.
That fits the bankruptcy probability of Step2Work itself: 0.6% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,609 companies, not a prediction for Step2Work. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is tight, with a current ratio of 1.16 (0.96 in 2024), below the usual 1.5. Short-term debt is 68.4% and cash 8.9% of total assets. 81.8% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 4 days before the deadline. In the sector (NACE 78), the median for financial year 2024 was 14 days before the deadline, and 30% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Step2Work Genk | €514,332 | €1.6m | 18.2% | 19.9 |
| Go4Jobs (Tielt) Antwerp | €466,485 | €1.7m | 30.7% | 22.3 |
| SMART TEAM Charleroi | €672,387 | €1.2m | 23.3% | 35.2 |
| TRAXION Kontich | €768,614 | €1.2m | 15.0% | 11.2 |
| ABALONE TT LIEGE Liège | €460,595 | €1.6m | -45.8% | 27 |
| ABSOLUTE@CONSTRUCT Roeselare | €971,883 | €2.0m | 13.4% | 26.3 |
| FLEXORIUS Lummen | €771,973 | €0.8m | 51.5% | 14.1 |
These companies have the same main activity as Step2Work: temporary employment agencies and other provision of personnel (NACE 78200). They are comparable in size and age: total assets between €461,000 and €972,000, founded between 2008 and 2017.
Step2Work files the abbreviated format. That format states no turnover. The gross margin rose from €1,517 in 2012 to €1.6m in 2025.
VENU holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €2.7m. Estimated: probably between €1.8m and €4.4m.
Higher than 43% of 377 companies in 2025.
Higher than 41% of 367 companies in 2025.
Higher than 71% of 371 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: middle half
Staff costs divided by the average number of full-time equivalents.
In 2025, 1,065 short contracts started and 1,078 ended, on average 43 hours worked per contract. Staff averaged 20 full-time equivalents. Training hours in 2025: 24.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||
20/58 |
514,332 | 662,213 | 533,057 | 656,943 | 525,558 | 105,347 | 101,332 | 15,011 | 43,037 | 326,867 | 158,951 | 16,472 | 16,589 | 59,264 | |
21/28 |
108,022 | 144,843 | 139,453 | 82,293 | 131,489 | 30,087 | 90,741 | - | 1,361 | 61,115 | 73,228 | - | - | - | |
22/27 |
105,022 | 141,843 | 134,653 | 72,493 | 53,489 | 5,087 | 90,741 | - | 1,361 | 61,115 | 73,228 | - | - | - | |
23 |
- | - | - | - | - | - | 13,830 | - | - | 1,100 | - | - | - | - | |
24 |
2,471 | 5,326 | 8,650 | 12,123 | 10,529 | - | - | - | 1,361 | 36,683 | 42,118 | - | - | - | |
25 |
87,319 | 117,081 | 118,155 | 48,908 | 27,884 | - | - | - | - | - | - | - | - | - | |
26 |
15,231 | 19,435 | 7,848 | 11,462 | 15,077 | 5,087 | - | - | - | - | - | - | - | - | |
28 |
3,000 | 3,000 | 4,800 | 9,800 | 78,000 | 25,000 | - | - | - | - | - | - | - | - | |
29/58 |
406,310 | 517,370 | 393,604 | 574,649 | 394,069 | 75,260 | 10,591 | 15,011 | 41,676 | 265,752 | 85,723 | 16,472 | 16,589 | 59,264 | |
40/41 |
356,344 | 431,990 | 382,795 | 441,535 | 258,412 | 71,938 | 9,615 | 2,283 | 8,775 | 265,425 | 85,147 | 16,472 | 16,566 | 59,213 | |
40 |
350,675 | 431,649 | 382,539 | 440,408 | 258,206 | 41,497 | 1,214 | - | 8,370 | 265,425 | 81,010 | 8,570 | 8,570 | 51,269 | |
41 |
5,668 | 341 | 256 | 1,127 | 206 | 30,441 | 8,401 | 2,283 | 405 | - | 4,137 | 7,902 | 7,996 | 7,944 | |
54/58 |
45,636 | 82,986 | 8,800 | 133,115 | 132,222 | 2,618 | 188 | 12,728 | 32,901 | 271 | 332 | - | 23 | 51 | |
490/1 |
4,330 | 2,394 | 2,008 | - | 3,435 | 704 | 788 | - | - | 56 | 244 | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||
10/49 |
514,332 | 662,213 | 533,057 | 656,943 | 525,558 | 105,347 | 101,332 | 15,011 | 43,037 | 326,867 | 158,951 | 16,472 | 16,589 | 59,264 | |
10/15 |
93,410 | 15,327 | 15,572 | 42,446 | 39,356 | 15,234 | -27,190 | -37,200 | -22,386 | -11,206 | -41,059 | 3,354 | 4,390 | 4,724 | |
10/11 |
34,200 | 34,200 | 34,200 | 34,200 | 34,200 | 34,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
59,210 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
59,210 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
- | -18,873 | -18,628 | 8,246 | 5,156 | -18,966 | -33,390 | -43,400 | -28,586 | -17,406 | -47,259 | -2,846 | -1,810 | -1,476 | |
17/49 |
420,922 | 646,886 | 517,485 | 614,497 | 486,202 | 90,113 | 128,523 | 52,211 | 65,423 | 338,073 | 200,011 | 13,118 | 12,200 | 54,539 | |
17 |
68,445 | 105,989 | 89,769 | 36,388 | 21,462 | - | 55,650 | - | - | 20,143 | 34,126 | - | - | - | |
170/4 |
68,445 | 105,989 | 89,769 | 36,388 | 21,462 | - | 55,650 | - | - | 20,143 | 34,126 | - | - | - | |
42/48 |
351,657 | 540,327 | 427,146 | 577,419 | 463,820 | 85,100 | 72,873 | 52,211 | 65,423 | 317,931 | 165,885 | 13,118 | 12,200 | 54,539 | |
42 |
64,162 | 61,893 | 49,087 | 11,896 | 6,054 | - | 15,116 | - | - | 27,248 | 18,184 | - | - | - | |
43 |
- | - | - | - | - | - | - | - | - | 3,721 | 395 | 20 | - | - | |
430/8 |
- | - | - | - | - | - | - | - | - | 3,721 | 395 | 20 | - | - | |
44 |
26,166 | 123,328 | 103,640 | 83,977 | 46,669 | 7,417 | 1,718 | - | 54,902 | 197,118 | 79,801 | 1,977 | 11,117 | 53,456 | |
440/4 |
26,166 | 123,328 | 103,640 | 83,977 | 46,669 | 7,417 | 1,718 | - | 54,902 | 197,118 | 79,801 | 1,977 | 11,117 | 53,456 | |
45 |
170,471 | 245,106 | 132,020 | 149,901 | 169,271 | 538 | - | - | - | 69,323 | 47,074 | - | - | - | |
450/3 |
74,976 | 98,065 | 81,284 | 97,201 | 104,025 | - | - | - | - | 14,339 | 1,947 | - | - | - | |
454/9 |
95,495 | 147,041 | 50,736 | 52,700 | 65,246 | 538 | - | - | - | 54,984 | 45,127 | - | - | - | |
47/48 |
90,858 | 110,000 | 142,400 | 331,644 | 241,825 | 77,144 | 56,039 | 52,211 | 10,521 | 20,521 | 20,431 | 11,121 | 1,083 | 1,083 | |
492/3 |
820 | 570 | 570 | 690 | 920 | 5,013 | - | - | - | - | - | - | - | - | |
| Income statement | |||||||||||||||
76A |
- | - | 2,624 | - | - | 12,500 | - | - | 5,602 | - | - | - | - | - | |
9900 |
1.6m | 1.9m | 1.6m | 1.2m | 807,695 | 33,854 | 19,134 | -10,699 | 26,491 | 429,027 | 144,744 | 223 | -250 | 1,517 | |
62 |
1.4m | 1.9m | 1.5m | 1.2m | 760,125 | 8,149 | - | 2,209 | 30,993 | 372,857 | 167,293 | - | - | - | |
630 |
36,821 | 28,184 | 33,074 | 19,699 | 10,812 | 18 | 7,667 | 1,361 | 2,618 | 21,847 | 18,936 | - | - | 900 | |
631/4 |
30,931 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
640/8 |
8,625 | 9,109 | 4,858 | 4,364 | 898 | 2,604 | 558 | 495 | 474 | 3,709 | 2,330 | 1,181 | 62 | 1,092 | |
66A |
- | 6,234 | - | - | - | 7,213 | - | - | 3,554 | - | - | - | - | - | |
9901 |
116,353 | 391 | -19,095 | 12,593 | 35,860 | 15,869 | 10,909 | -14,764 | -11,147 | 30,615 | -43,816 | -958 | -312 | -475 | |
75/76B |
1,527 | 8,293 | 463 | 611 | 10 | - | - | - | 313 | 15 | 1 | - | - | 1 | |
75 |
1,527 | 8,293 | 463 | 611 | 10 | - | - | - | 313 | 15 | 1 | - | - | 1 | |
65/66B |
10,465 | 8,524 | 7,783 | 2,211 | 2,015 | 1,445 | 899 | 50 | 346 | 777 | 599 | 78 | 22 | 1,001 | |
65 |
10,465 | 8,524 | 7,783 | 2,211 | 2,015 | 1,445 | 899 | 50 | 346 | 777 | 599 | 78 | 22 | 1,001 | |
9903 |
107,414 | 160 | -26,415 | 10,993 | 33,856 | 14,425 | 10,010 | -14,814 | -11,180 | 29,853 | -44,413 | -1,036 | -334 | -1,476 | |
67/77 |
29,332 | 405 | 459 | 7,903 | 9,734 | - | - | - | - | - | - | - | - | - | |
9904 |
78,083 | -245 | -26,874 | 3,090 | 24,122 | 14,425 | 10,010 | -14,814 | -11,180 | 29,853 | -44,413 | -1,036 | -334 | -1,476 | |
9905 |
78,083 | -245 | -26,874 | 3,090 | 24,122 | 14,425 | 10,010 | -14,814 | -11,180 | 29,853 | -44,413 | -1,036 | -334 | -1,476 | |
| Appropriation of the result | |||||||||||||||
9906 |
59,210 | -18,873 | -18,628 | 8,246 | 5,156 | -18,966 | -33,390 | -43,400 | -28,586 | -17,406 | -47,259 | -2,846 | -1,810 | -1,476 | |
14P |
-18,873 | -18,628 | 8,246 | 5,156 | -18,966 | - | - | - | - | - | - | - | - | - | |
691/2 |
59,210 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
6921 |
59,210 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||
9087 |
19.9 | 26.4 | 26.9 | 23.1 | 14.4 | 0.2 | - | - | 6.5 | 10.3 | 5 | - | - | - | |
Hours worked1013 |
45,978 | 63,563 | 56,292 | 51,554 | 36,996 | 255 | - | - | 1,592 | 15,416 | 6,703 | - | - | - | |
| Document | |||||||||||||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 25-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 25-06-2026 | 2026-00199148 | |
| 31-12-2024 | abbreviated format | 10-06-2025 | 2025-00129487 | |
| 31-12-2023 | abbreviated format | 14-06-2024 | 2024-00130793 | |
| 31-12-2022 | micro format | 18-08-2023 | 2023-00334888 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20389694 | |
| 31-12-2020 | micro format | 28-10-2021 | 2021-74100366 | |
| 31-12-2019 | micro format | 30-06-2020 | 2020-23100400 | |
| 31-12-2018 | micro format | 03-06-2019 | 2019-15400133 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-59200055 | |
| 31-12-2016 | micro format | 29-09-2017 | 2017-65800167 | |
| 31-12-2015 | abbreviated format | 31-08-2016 | 2016-59100387 | |
| 31-12-2014 | abbreviated format | 28-08-2015 | 2015-52200327 | |
| 31-12-2013 | abbreviated format | 29-08-2014 | 2014-57000569 | |
| 31-12-2012 | abbreviated format | 30-08-2013 | 2013-56200107 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 153,174 | 28,576 | 13,980 | 32,292 | 46,672 | 15,888 | 18,576 | -13,403 | -8,529 | 52,462 | -24,880 | - | - | 425 | ||
| 114,904 | 27,940 | 6,201 | 22,789 | 34,934 | 14,443 | 17,677 | -13,453 | -8,562 | 51,700 | -25,478 | - | - | -576 | ||
| 0 | 113,229 | 116,418 | 40,504 | 112,214 | 30,106 | 98,408 | 0 | -57,136 | 9,733 | 92,164 | - | - | - | ||
| -37,350 | 74,185 | -124,314 | 892 | 129,604 | 2,430 | -12,539 | -20,173 | 32,629 | -60 | - | - | -28 | - | ||
| 54,653 | -22,957 | -33,542 | -2,769 | -69,751 | -9,840 | -62,281 | -37,200 | -23,747 | -52,178 | -80,162 | 3,354 | 4,390 | 4,724 | ||
| 18.2% | 2.3% | 2.9% | 6.5% | 7.5% | 14.5% | -26.8% | -247.8% | -52.0% | -3.4% | -25.8% | 20.4% | 26.5% | 8.0% | ||
| 1.16 | 0.96 | 0.92 | 1.00 | 0.85 | 0.88 | 0.15 | 0.29 | 0.64 | 0.84 | 0.52 | 1.26 | 1.36 | 1.09 | ||
| 4.51 | 42.20 | 33.23 | 14.48 | 12.35 | 5.92 | - | - | - | - | - | 3.91 | 2.78 | 11.54 | ||
| 83.6% | -1.6% | -172.6% | 7.3% | 61.3% | 94.7% | - | - | - | - | - | -30.9% | -7.6% | -31.2% | ||
| 15.2% | 0.0% | -5.0% | 0.5% | 4.6% | 13.7% | 9.9% | -98.7% | -26.0% | 9.1% | -27.9% | -6.3% | -2.0% | -2.5% | ||
| 14.64 | 3.35 | 1.80 | 14.60 | 23.17 | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 4 | 7 | 4 | 11 | 21 |
| full-time | 4 | 7 | 4 | 7 | 14 |
| part-time | - | - | - | 4 | 7 |
| in full-time equivalents | 4 | 7 | 4 | 9.8 | 20.6 |
| 19.9 | 26.4 | 26.9 | 23.1 | 14.4 | |
| On a permanent contract | 3 | 5 | 4 | 4 | 2 |
| Joined | 1,065 | 1,191 | 1,014 | 2,495 | 1,734 |
| Left | 1,078 | 1,197 | 999 | 2,505 | 1,713 |
| Training hours | 24 | - | 8 | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €113,229 | €116,418 | €38,704 | €59,214 |
| Financial fixed assets | - | - | - | €1,800 | €53,000 |
| €36,821 | €28,184 | €33,074 | €19,699 | €10,812 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 297 times that of 2024 and the highest since 2012. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total falls from 97.7% to 81.8%. Equity is higher and debt is lower.
Source: lists of holdings in the owners' accounts
Source: list of holdings in the 2025 accounts of VENU. Every holding stands with its own latest accounts.
| SOCALIM
registered office since 01-02-2008 · founded in 2006 |
114 FTE (2025) 0879.643.906 |
| LIMBURGSE BORINGEN
registered office since 11-02-1997 · founded in 1990 |
5.5 FTE (2025) 0440.762.852 |
| E.P.A.
registered office since 13-10-1989 · founded in 1989 |
12 FTE (2025) 0438.558.675 |
| Vanloffelt, Stephan (sole trader)
establishment since 01-01-2000 |
founded in 2000 0730.482.056 |
The board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Diesterstraat 55 3800 Sint-Truiden | 02-11-2022 | 2.337.921.516 |
| Troisdorflaan 8 registered office 3600 Genk | 29-05-2024 | 2.362.064.816 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 71304E0735/00L013 | 4,208 m² | 1 · 712 m² | 9.3 m · 3 |
| 71053H0502/00B000 | 88 m² | 1 · 88 m² | 13.0 m · 3 |
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