W-WORK

Active

Private limited companyfounded 20205 yrs activeRetieseweg 152, 2440 Geel, BelgiumKBO/BCE: BE 0755.902.687

Summary

The computed 12-month bankruptcy probability of W-WORK is 2.2% (moderate). The 2025 annual accounts show equity of €8k and a net result of €5k. Equity is growing by ~56.9% per year across the filed fiscal years. Its solvency ranks better than 17% of 27786 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

55 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability80▼-20

Solvency39▲+10

Growth78=

Track record94

Bankruptcy probability, 12 months

2.2% Moderate

0%0.5%1.5%4%10%≥ 25%

How do we compute the score and the probability?

Credit check for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 27786 sector peers (2025).

NBB · sector comparison

Position among 27786 sector peers

Solvency

better than 17%

← weakest strongest →

Filed after the deadline

The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 02-06-2026, 33 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 5 filings

Deviation from the deadline

2025

33 d late

2024

16 d early

2023

16 d late

2022

11 d late

2021

2 d early

← before the deadline after the deadline →

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

24-09-2026 today30-09-2026 close30-04-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€8k▲ 173%

2024 · €3k

2021: €-6k 2022: €-2k 2023: €-26k 2024: €3k

2021 → 2025

Total assets

€61k▼ 20.4%

2024 · €77k

2021: €30k 2022: €28k 2023: €42k 2024: €77k

2021 → 2025

Net result

€5k▼ 81.8%

2024 · €30k

2021: €-9k 2022: €4k 2023: €-25k 2024: €30k

2021 → 2025

Working capital

€14k▼ 1.2%

2024 · €15k

2021: €18k 2022: €19k 2023: €-8k 2024: €15k

2021 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€-6k-€-2k▲ 71.5%€-26k▼ 1,390%€3k€8k▲ 173%

Operating result€-9k-€5k€-25k€31k€8k▼ 74.9%

Net result€-9k-€4k€-25k€30k€5k▼ 81.8%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 75% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €61k

10%

89.8%

Fixed assets €6k ▼ 49.9%

Current assets €55k ▼ 14.7%

Equity and liabilities €61k

13.9%

86.1%

Equity €8k ▲ 173%

Debt €53k ▼ 28.6%

Debt's share of the balance-sheet total falls from 96.0% to 86.1%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€14k▼

2024 · €38k

Cash flow

€12k▼

2024 · €36k

Current ratio

1.36▲

2024 · 1.29

Debt to equity

6.21▼

2024 · 23.79

ROE

63.4%▼

2024 · 955.0%

ROA

8.8%▼

2024 · 38.5%

Interest coverage

11.91▼

2024 · 18.81

Debt ≤ 1 year

€40k▼

2024 · €50k

Debt > 1 year

€12k▼

2024 · €21k

Income taxes

€2k▲

2024 · €450

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines

Balance sheet Code20242025

Assets

Total assets20/58€77k€61k▼

Fixed assets21/28€12k€6k▼

Tangible fixed assets22/27€12k€6k▼

Plant, machinery and equipment23€0-

Furniture and vehicles24€12k€6k▼

Current assets29/58€64k€55k▼

Amounts receivable within one year40/41€34k€38k▲

Trade receivables40€23k€31k▲

Other amounts receivable41€10k€7k▼

Cash at bank and in hand54/58€29k€15k▼

Deferred charges and accrued income490/1€1k€1k=

Equity and liabilities

Total equity and liabilities10/49€77k€61k▼

Equity10/15€3k€8k▲

Contributions10/11€3k€3k=

Reserves13€596€6k▲

Distributable reserves133€596€6k▲

Profit (loss) carried forward14€0-

Amounts payable17/49€74k€53k▼

Amounts payable after more than one year17€21k€12k▼

Financial debts170/4€21k€12k▼

Amounts payable within one year42/48€50k€40k▼

Current portion of amounts payable after more than one year42€13k€9k▼

Financial debts43€183€0▼

Credit institutions430/8€183€0▼

Trade debts44€12k€2k▼

Suppliers440/4€12k€2k▼

Taxes, remuneration and social security45€2k€6k▲

Taxes450/3€2k€6k▲

Other amounts payable47/48€24k€24k=

Accrued charges and deferred income492/3€3k€24▼

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k▲

Other operating charges640/8€934€672▼

Non-recurring operating charges66A€165€0▼

Gross operating margin9900€39k€15k▼

Operating profit (loss)9901€31k€8k▼

Financial income75/76B€560€410▼

Recurring financial income75€560€410▼

Financial charges65/66B€2k€1k▼

Recurring financial charges65€2k€1k▼

Profit (loss) for the period before taxes9903€30k€7k▼

Income taxes67/77€450€2k▲

Profit (loss) for the period9904€30k€5k▼

Profit (loss) for the period to be appropriated9905€30k€5k▼

Appropriation of the result

Profit (loss) to be appropriated9906€596€5k▲

Profit (loss) brought forward from the previous period14P€-29k€0▲

Transfer to equity691/2€596€5k▲

To other reserves6921€596€5k▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 8Financial 3Filings 5

Next filing, fiscal year 2026, expected by 30-04-2027

2026

02-06

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 33 days late

2025

14-04

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

30-09

Financial Back to profitnet €30k

Net result €30k after one loss-making year.

16-05

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 16 days late

2023

30-09

Financial Weakest financial yearnet €-25k ▼655%

Net result drops to €-25k, the lowest in the series; recovery starts the following year.

11-05

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 11 days late

2022

30-09

Financial Back to profitnet €4k

Net result €4k after one loss-making year.

28-04

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 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, Geel · 1 establishment unit since 2020

establishment The establishment unit on the map

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.

Retieseweg 1522440 Geel

Ground area

2,395 m²

Building footprint

286 m²

Volume, LiDAR

1,567 m³

Parcel 13372A0902/00T011, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

W-WORK

Retieseweg 152, 2440 GeelManufacture of metal structures and parts of structures

since 20202.308.454.894

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
13372A0902/00T011	Flanders	2,395 m²	1 · 286 m²	8.8 m · 2 fl.

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.

Similar companies · same sector, comparable size

Linkebeek · Eq €8,492

ARC Construct

BE 0784.549.757

Beringen · Eq €8,427

Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 3,747 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded08-10-2020

Fiscal year end30-09

Activities, NACEBEL 2025

43990Other specialised construction activities

25510Coating of metals

25530Machining of metals

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.