TotalWorks

Active

Private limited companyfounded 2011active for 14 yearsKonijnenpijp 67, 3920 Lommel, BelgiumKBO/BCE: BE 0840.823.417

Summary

TotalWorks has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €423,039 and a net result of -€44,395. Equity is growing by about 8.4% per year across the filed financial years. Its solvency ranks better than 85% of 254 sector peers (NACE 27, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Risk analysisFollow Report Compare

TotalWorksActiveChecked score 83/100

Risk analysis Report Compare

Activity

Manufacture of electrical equipment

NACE 27110

1 site

Size

€510,403total assets 2025

Equity: €423,039
Loss: -€44,395

Turnover not published (micro format)

Financial health

83 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.4%

Structure

Largest shareholder: VP BouwTech · 28.33%

2025 accounts 52 days early6 deeds in the Belgian Official Gazette

Why 83raises riskLoss of €44,395, the second in a row (financial year 2025)Sector: Manufacture of electrical equipment (NACE 27)lowers riskSize: total assets €510,403Equity €423,039 (82.9% of total assets)Show the evidence

Checked score

Score 2025

83 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 48% of its sector peers (NACE 27, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Average

Solvency 100=

equity 82.9% of total assets

Liquidity 56-11

short-term debt 13.5% · cash 6.9%

Profitability 8-1

return on assets -8.7%

Bankruptcy probability, 12 months

0.4% Very low

0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (438 companies, NACE 27, micro)

Last 24 months 11-2024: 0.1%lowest value 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.2%▲ +0.1 percentage points vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.4%▲ +0.2 percentage points vs 06-2026highest value 08-2026: 0.4%● unchanged vs 07-2026highest value 09-2026: 0.4%● unchanged vs 08-2026highest value 10-2026: 0.4%● unchanged vs 09-2026highest value

Credit of up to €35,000 on 30-day terms is acceptable

Liquidity ample (current ratio 5.28, compared with 4.44 in 2024, above the usual 1.5; short-term debt: 13.5% and cash: 6.9% of total assets), and 17.1% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 27, micro): better than 89% on solvency, 58% on liquidity, 17% on profitability and 28% on growth.

The bankruptcy probability was computed on 30-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskraises riskneutral

Loss of €44,395, the second in a row (financial year 2025)

NBB · annual accounts

Sector: Manufacture of electrical equipment (NACE 27)

KBO

Size: total assets €510,403

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Equity €423,039 (82.9% of total assets)

NBB · annual accounts

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

1819202122232425

2018 to 2025 · latest year -€44,395

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 filings

Deviation from the deadline

2025

52 days early

2024

35 days early

2023

33 days early

2022

1 day late

2021

45 days early

2020

59 days early

2019

56 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 40 days before the deadline; the sector median (NACE 27) for financial year 2024 is 6 days before the deadline, and 37% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 26 June (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

31-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

09-06-2026 Annual accounts filedfinancial year 2025 · micro…
26-06-2025 Annual accounts filedfinancial year 2024 · micro…
31-12-2024 Weakest financial yearnet -€46,359

Key points

Caution: Among the weakest 9% on net resultsector median €7,479 · 254 companies -€44,395 View
Caution: 2 loss-making years in a rowloss financial year 2025 -€44,395 View
Total assets 20256 financial years filed €510,403 View

By topic

Financials

Financial year: 2025
Total assets: €510,403
Loss: -€44,395
Solvency: 82.9%

Total assets▼ 14.8%

Net result

20182025

Go to Financials

Board & ownership

Largest shareholder: VP BouwTech · 28.33%

Go to Board & ownership

Timeline

Events: 17
Since: 2013
Next accounts: by 31-07-2027

28-06-2024Annual accounts filed
31-12-2023Equity above €500,000
01-08-2023Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: Manufacture of electrical equipmentNACE 27110
Founded: 04-11-2011
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Key facts about TotalWorks

What is the company number of TotalWorks?: 0840.823.417. In Belgium the VAT number is the company number with BE in front: BE 0840.823.417.
Where is TotalWorks based?: The registered office is at Konijnenpijp 67, 3920 Lommel.Company details
What does TotalWorks do?: According to the KBO register, the main activity is manufacture of electrical equipment (NACE 27110).
What is the legal form of TotalWorks?: Private limited company (BV).
When was TotalWorks founded?: On 04-11-2011.
Is TotalWorks still active?: Yes, TotalWorks is an active enterprise in the KBO register.
What is the turnover of TotalWorks?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is TotalWorks profitable?: In financial year 2025, TotalWorks made a loss of €44,395.
Where can I find the annual accounts of TotalWorks?: TotalWorks filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of TotalWorks due?: By 31-07-2027, for financial year 2026.Timeline