TotalWorks
ActiveTotalWorks has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €423k and a net result of €-44k. Equity is growing by ~8.4% per year across the filed fiscal years. Its solvency ranks better than 84% of 190 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
60
/ 100
Healthy▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 5.28 against 4.44 in 2024), and 17.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 27
Relative position
BE, all sectors
reference
Sector 27
higher
← 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 (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€44k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 d early
2024
35 d early
2023
33 d early
2022
1 d late
2021
45 d early
2020
59 d early
2019
56 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€423k▼ 9.5%
2024 · €467k
2018: €264k
2019: €282k
2020: €342k
2021: €425k
2022: €445k
2023: €514k
2024: €467k
2018 → 2025
Total assets
€510k▼ 14.8%
2024 · €599k
2018: €363k
2019: €357k
2020: €414k
2021: €539k
2022: €655k
2023: €669k
2024: €599k
2018 → 2025
Net result
€-44k▲ 4.2%
2024 · €-46k
2018: €16k
2019: €18k
2020: €60k
2021: €83k
2022: €20k
2023: €68k
2024: €-46k
2018 → 2025
Working capital
€295k▼ 8.5%
2024 · €322k
2018: €99k
2019: €90k
2020: €149k
2021: €239k
2022: €264k
2023: €297k
2024: €322k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€425k-€445k▲ 4.7%€514k▲ 15.4%€467k▼ 9.0%€423k▼ 9.5%
Operating result€109k-€22k▼ 79.4%€96k▲ 328%€-45k€-43k▲ 3.1%
Net result€83k-€20k▼ 75.7%€68k▲ 239%€-46k€-44k▲ 4.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €43k in 2025 against €45k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €510k
Fixed assets
€146k▼ 19.8%
Current assets
€364k▼ 12.5%
Equity and liabilities €510k
Equity
€423k▼ 9.5%
Debt
€87k▼ 33.5%
The debt ratio falls from 21.9% to 17.1%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€-7k▲
2024 · €-9k
Cash flow
€-8k▲
2024 · €-10k
Solvency
82.9%▲
2024 · 78.1%
Current ratio
5.28▲
2024 · 4.44
Quick ratio
5.28▲
2024 · 4.44
Debt / equity
0.21▼
2024 · 0.28
ROE
-10.5%▼
2024 · -9.9%
ROA
-8.7%▼
2024 · -7.7%
Interest coverage
-3.36▼
2024 · -2.92
Debt
€87k▼
2024 · €131k
Debt ≤ 1 year
€69k▼
2024 · €94k
Debt > 1 year
€18k▼
2024 · €38k
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€599k€510k▼
Fixed assets21/28€183k€146k▼
Tangible fixed assets22/27€183k€146k▼
Plant, machinery and equipment23€176k€142k▼
Furniture and vehicles24€6k€4k▼
Current assets29/58€416k€364k▼
Amounts receivable within one year40/41€317k€324k▲
Trade receivables40€23k€23k=
Other amounts receivable41€295k€301k▲
Cash at bank and in hand54/58€99k€35k▼
Deferred charges and accrued income490/1-€5k
Equity and liabilities
Total equity and liabilities10/49€599k€510k▼
Equity10/15€467k€423k▼
Contributions10/11€19k€19k=
Reserves13€371k€371k=
Distributable reserves133€371k€371k=
Profit (loss) carried forward14€78k€33k▼
Amounts payable17/49€131k€87k▼
Amounts payable after more than one year17€38k€18k▼
Financial debts170/4€38k€18k▼
Amounts payable within one year42/48€94k€69k▼
Current portion of amounts payable after more than one year42€19k€19k▲
Taxes, remuneration and social security45€75k€50k▼
Taxes450/3€75k€50k▼
Income statement
Code20242025
Non-recurring operating income76A€3k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€36k=
Other operating charges640/8€62-
Non-recurring operating charges66A€16k-
Gross operating margin9900€8k€-7k▼
Operating profit (loss)9901€-45k€-43k▲
Financial income75/76B€1k€1k▼
Recurring financial income75€1k€1k▼
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€-46k€-44k▲
Profit (loss) for the period9904€-46k€-44k▲
Profit (loss) for the period to be appropriated9905€-46k€-44k▲
Appropriation of the result
Profit (loss) to be appropriated9906€78k€33k▼
Profit (loss) brought forward from the previous period14P€124k€78k▼
The notes to these accounts (5 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
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-46k ▼168%
Net result drops to €-46k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €500kEq €514k ▲15.4%
6 profitable years in a row build equity to €514k.
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €83k ▲37.5%
Operating result €109k, net result €83k, both a record.
02-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
05-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
07-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
08-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro 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, Lommel · 1 establishment unit since 2011
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.
Konijnenpijp 673920 LommelGround area
3,207 m²
Building footprint
197 m²
Parcel 72345B0792/00A000, Flanders. Linked by address, not a title deed.
1 establishment unit
TotalWorks
since 20112.204.366.768
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72345B0792/00A000 | Flanders | 3,207 m² | 1 · 197 m² | - |
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
Recognised contractor
1 categoryTotalWorks BV42151
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Beveren-Kruibeke-Zwijndrecht · Eq €426k
Sunlogics
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IMPS AIGRISSE
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Fleurus · Eq €379k
Of 260 companies in sector 27110 we hold annual accounts for 171. 121 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-11-2011
Fiscal year end31-12
Activities, NACEBEL
27110Manufacture of electrical equipment
41001General construction of residential buildings
43211General electrical installation work
43240Other construction installation
43299Specialised construction activities
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.