THE WORKS
The computed 12-month bankruptcy probability of THE WORKS is 1.0% (low). The 2024 annual accounts show equity of €24k and a net result of €-21k. Equity is growing by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 78% of 6717 sector peers (fiscal year 2024). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €24k |
| Net result | €-21k |
| Better than sector | 78% |
| Active | 17 yrs |
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 53.8% | 20.4% | |
| Net result | €-21k | €4k | |
| Equity | €24k | €16k | |
| Gross operating margin | €-20k | €24k | |
| Total assets | €45k | €94k |
| Fiscal year | 2024 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | - |
| Net profit | €-21k |
| Cash flow | - |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €45k |
| Equity | €24k |
| Debt | €21k |
| of which ≤ 1y | €21k |
| of which > 1y | - |
| Working capital | €19k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 1.93 |
| Quick ratio | 0.38 |
| Working capital ratio | 43.1% |
| Solvency | 53.8% |
| Debt / equity | 0.86 |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | -46.9% |
| ROE | -87.2% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €45k |
| Fixed assets | 21/28 | €5k |
| Financial fixed assets | 28 | €5k |
| Current assets | 29/58 | €40k |
| Stocks & contracts in progress | 3 | €32k |
| Amounts receivable within one year | 40/41 | €8k |
| Cash & bank | 54/58 | €38 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €45k |
| Equity | 10/15 | €24k |
| Contributions / capital | 10/11 | €19k |
| Reserves | 13 | €2k |
| Accumulated profits (losses) | 14 | €4k |
| Amounts payable | 17/49 | €21k |
| Amounts payable within one year | 42/48 | €21k |
| Trade debts payable within one year | 44 | €10k |
| Income statement | ||
| Gross operating margin | 9900 | €-20k |
| Operating result | 9901 | €-20k |
| Financial income | 75 | €8 |
| Financial charges | 65 | €962 |
| Result before taxes | 9903 | €-21k |
| Net result for the period | 9904 | €-21k |
| Result to be appropriated | 9905 | €-21k |
| NACE primary | Detailhandel in kledingaccessoires(47715) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 31-07-2009 |
| Status | Active |
| Postal code | 2820 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12031B0200/00M000 | Flanders | 682 m² | 1 · 142 m² | 6.9 m · 1 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
30-05-2022 Registered office moved from Mechelen to Rijmenam
- Koningin Astridlaan 95 - 2800 Mechelen → Weynesbaan 124, 2820 Rijmenam (Bonheiden)
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Weynesbaan 124, 2820 Rijmenam (Bonheiden)",
"city": "Rijmenam",
"region": "vlaams_gewest",
"street": "Weynesbaan",
"country": "BE",
"postcode": "2820",
"box_number": null,
"street_number": "124",
"locality_suffix": "(Bonheiden)"
},
"old_address": {
"raw": "Koningin Astridlaan 95 - 2800 Mechelen",
"city": "Mechelen",
"region": "vlaams_gewest",
"street": "Koningin Astridlaan",
"country": "BE",
"postcode": "2800",
"box_number": null,
"street_number": "95",
"locality_suffix": null
},
"effective_date": "2022-03-30",
"evidence_quote": "De zetel van de vennootschap wordt met ingang van 30 maart 2022 verplaatst van Koningin Astridlaan 95, 2800 Mechelen, naar Weynesbaan 124, 2820 Rijmenam (Bonheiden).",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "act_body",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "immediate",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
},
{
"kind": "zetel_clause_amendment_no_move",
"seat_type": "unite_exploitation",
"new_address": null,
"old_address": {
"raw": "Graaf van Egmontstraat 5, 2800 Mechelen",
"city": "Mechelen",
"region": "vlaams_gewest",
"street": "Graaf van Egmontstraat",
"country": "BE",
"postcode": "2800",
"box_number": null,
"street_number": "5",
"locality_suffix": null
},
"effective_date": "2022-02-01",
"evidence_quote": "De vestigingseenheid te Graaf van Egmontstraat 5, 2800 Mechelen, is sinds 1 februari 2022 niet meer in gebruik, en zal worden afgesloten. Er komt een nieuwe vestigingseenheid op het adres van de nieuwe zetel van de vennootschap.",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "act_body",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "werkelijke",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2022-05-30",
"filing_date": "2022-05-20",
"act_kind_objet": "Zetelverplaatsing"
},
"decision": {
"body": "enige_bestuurder",
"date": "2022-03-30",
"unanimous": null
},
"subject_company": {
"kbo": "0817.608.743",
"name_full": "THE WORKS",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Verreth Rebecca",
"org_rep_person_name": null,
"person_role_at_subject": "Bestuurder"
},
"co_filed_documents": [
"Bijlagen bij het Belgisch Staatsblad - 30/05/2022 - Annexes du Moniteur belge"
]
}| Legal nameNL | THE WORKS |