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Generated 04-08-2026
Active BE 0841.268.726Private limited company (pre-2019)Open bankruptcy

TP WORX

Meulesteedsesteenweg 48 ·9000 Gent, Belgium· 14 yrs active
Conclusion Checked

A bankruptcy procedure is open for TP WORX according to publications in the Belgian State Gazette. The 2021 annual accounts show equity of €56k and a net result of €-17k.

Based on the State Gazette, CBE and 3 annual accounts.
Key figures
Equity €56k
Net result €-17k
Active 14 yrs
Locations 1
Snowflake analysis 5 axes · computed by Checked
Health0Profitability0Solvency100Growth24Stability0
25 / 100

Fragile profile, watch health in particular.

Health 0
Profitability 0
Solvency 100
Growth 24
Stability 0
Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based
50 / 100
High risk
Components
· Open bankruptcy (+50)
Trust signals 1 signals
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags 0 events
No administrative flags
Health barometer FY 2021 · computed
0 / 100 Critical
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 03-05-2023 with the NBB · fiscal year 2021 · micro
€-50k€0€50k€100k€150kOperating result 2018: €-20k€-20kNet result 2018: €19k€19kRevenue 2019: €129k€129kOperating result 2019: €-10k€-10kNet result 2019: €-16k€-16kRevenue 2021: €119k€119kOperating result 2021: €-16k€-16kNet result 2021: €-17k€-17k201820192021
RevenueOperating resultNet result
Revenue
€119k
-8.3% 18-21
EBITDA
€-15k
-84.0% 18-21
Net profit
€-17k
-3.3% 18-21
Cash flow
€-15k
-5.2% 18-21
Total assets
€77k
-24.4% 18-21
Equity
€56k
-16.0% 18-21
Working capital
€52k
-20.4% 18-21
Income taxes
€6k
+2.6% 18-21
Debt
€22k
-39.7% 18-21
Debt ≤ 1y
€22k
-39.7% 18-21
Current ratio
3.36
+20.5% 18-21
Quick ratio
3.36
+20.5% 18-21
Solvency
71.8%
+11.1% 18-21
Debt / equity
0.39
-28.2% 18-21
ROE
-29.9%
-23.0% 18-21
ROA
-21.5%
-36.6% 18-21
Net margin
-14.0%
-12.6% 18-21
EBITDA margin
-12.3%
-100.6% 18-21
Interest coverage
-28.41
+68.3% 18-21
Figures by fiscal year
Fiscal year2021
Revenue€119k
EBITDA€-15k
Net profit€-17k
Cash flow€-15k
Staff costs-
Income taxes-
Dividends-
Total assets€77k
Equity€56k
Debt€22k
of which ≤ 1y€22k
of which > 1y-
Working capital€52k
Employees (FTE)-
Ratios (computed)
2021
Current ratio3.36
Quick ratio3.36
Working capital ratio66.7%
Solvency71.8%
Debt / equity0.39
Long-term debt ratio-
Interest coverage-28.41
Gross margin-11.4%
Net margin-14.0%
ROA-21.5%
ROE-29.9%
EBITDA margin-12.3%
Days sales outstanding37d
Days payable outstanding56d
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2021
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2021
Balance sheet, Assets
TOTAL ASSETS 20/58€77k
Fixed assets 21/28€4k
Tangible fixed assets 22/27€4k
Current assets 29/58€74k
Amounts receivable within one year 40/41€67k
Cash & bank 54/58€6k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€77k
Equity 10/15€56k
Contributions / capital 10/11€21k
Reserves 13€43k
Accumulated profits (losses) 14€-8k
Amounts payable 17/49€22k
Amounts payable within one year 42/48€22k
Trade debts payable within one year 44€20k
Income statement
Turnover 70€119k
Gross operating margin 9900€-14k
Operating result 9901€-16k
Financial charges 65€514
Result before taxes 9903€-17k
Net result for the period 9904€-17k
Result to be appropriated 9905€-17k
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates1 person
Role Name Tenure Source
Curator ANTHONY VAN DER HAUWAERT
BERNARD SPAE- LAAN 30, 9000 GENT
 23-04-2024 → present Belgian State Gazette
Legal Structure
NACE primary -
Legal form Private limited company (pre-2019)(015)
Incorporation18-11-2011
StatusActive
Postal code9000
First BS signal 29-04-2024
Latest BS signal 29-04-2024
Company structure, linked entities1 linked entities
TP WORXBE 0841.268.726ANTHONY VAN DER HAUWA…Receiver
Mandates
Establishment units 1 location
Ombeekhof 13, 9040 Gent
Activiteiten van systeemintegrators
since 20112.204.772.089
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

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.

Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44061B1613/00G004 Flanders 555 m² 1 · 68 m² 9.9 m · 3 fl.
44021A3233/00D002 Flanders 384 m² 1 · 250 m² 12.8 m · 4 fl.
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.
Updates 13 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2024
29-04-2024
Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Gent · TP WORX BV MEULESTEEDSE- STEENWEG 48, 9000 GENT · event 23-04-2024
2023
19-12-2023
State Gazette act Capital & shares
22-11-2023
State Gazette act Director changes
03-05-2023
NBB filing Annual accounts filed
fiscal year 2021 · micro
03-05-2023
NBB filing Annual accounts filed
fiscal year 2020 · micro
03-05-2023
NBB filing Annual accounts filed
fiscal year 2019 · micro
2019
06-11-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
19-02-2019
NBB filing Annual accounts filed
fiscal year 2017 · micro
2017
31-08-2017
NBB filing Annual accounts filed
fiscal year 2016 · micro
2016
31-08-2016
NBB filing Annual accounts filed
fiscal year 2015 · verkort
31-08-2016
NBB filing Annual accounts filed
fiscal year 2014 · verkort
2014
30-09-2014
NBB filing Annual accounts filed
fiscal year 2013 · verkort
2013
26-08-2013
NBB filing Annual accounts filed
fiscal year 2012 · verkort
Lifecycle & Insolvency Signals 1 events
29-04-2024
Bankruptcy Opening
Date: 23-04-2024 · Ondernemingsrechtbank Gent, afdeling Gent · TP WORX BV MEULESTEEDSE- STEENWEG 48, 9000 GENT · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262024-04-29 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad, acts 2 acts
Capital history · 1
19-12-2023
Capital change
All acts · 2 updated 2 years ago
2023
19-12-2023 All shares are now held by a single shareholder Capital & shares
Technical details 
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  "act_meta": {
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    "act_date": "2023-12-05",
    "unanimous": null,
    "under_authorized_capital": false,
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  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0841.268.726",
    "name_full": "TP WORK",
    "legal_form": "B.V.",
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22-11-2023 2 directors appointed, 1 resigning Director changes
  • Yankov Fidan Metodiev, Zaakvoerder
  • Yankov Fidan Metodiev, Dagelijks bestuur
  • Todorov Martin Savov, Zaakvoerder
Technical details 
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      },
      "reason": "de_plein_droit_dissolution",
      "subkind": "regular",
      "via_org": null,
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      "evidence_quote": "Tijdens de bijzondere algemene vergadering van 10 oktober 2023 wordt beslist om het ontslag als zaakvoerder van de heer Todorov Martin Savov te aanvaarden. Hij krijgt volledige kwijting voor zijn uitgeoefende mandaat als zaakvoerder.",
      "decharge_status": "granted",
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  "act_meta": {
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Names & trade names
Legal nameNL TP WORX
Registered office
Meulesteedsesteenweg 48
9000 Gent, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative