Debts
€52,593 86% of the balance sheet
Financial debts 23%Suppliers 4%Taxes and wages 11%Other 62%
Of this, €40,393 falls due within a year.
W-WORK
Lifetime
5 annual accounts with figures on one time axispeak €38,743 (2024)
€14,801▼ 61.8%
lowest -€24,693 (2023)
€5,370▼ 81.8%
peak €8,466 (2025)
€8,466▲ 173%
€52,593▼ 28.6%
Board1 name since 2020
1 directorPaulussen Toon
Documentsfilings and deeds
02-06-202633 days late
2025micro format
Gross margin from €38,743 to €14,801Result from €29,565 to €5,370Equity from €3,096 to €8,466Debts from €73,654 to €52,593Cash from €29,100 to €15,409
Key points
from the 2025 annual accountsFilings
5 annual accounts 3 late
The 2025 accounts came latest: 33 days after the end of the period.
Position in the sector
€8,466
Less equity than 84% of companies in specialised construction. Sector median €57,691 · 35,148 companies.
Checked score
64
Healthy
Financially stronger than 52% of micro companies in specialised construction (NACE 43)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.5% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.6%
01-2025: 2.6%● unchanged vs 12-2024
02-2025: 2.7%▲ +0.1 percentage points vs 01-2025
03-2025: 2.8%▲ +0.1 percentage points vs 02-2025
04-2025: 2.9%▲ +0.1 percentage points vs 03-2025highest value
05-2025: 1.0%▼ -1.9 percentage points vs 04-2025
06-2025: 1.0%● unchanged vs 05-2025
07-2025: 1.0%● unchanged vs 06-2025
08-2025: 1.0%● unchanged vs 07-2025
09-2025: 1.0%● unchanged vs 08-2025
10-2025: 1.0%● unchanged vs 09-2025
11-2025: 0.9%▼ -0.1 percentage points vs 10-2025
12-2025: 0.9%● unchanged vs 11-2025lowest value
01-2026: 1.0%▲ +0.1 percentage points vs 12-2025
02-2026: 1.0%● unchanged vs 01-2026
03-2026: 1.0%● unchanged vs 02-2026
04-2026: 1.1%▲ +0.1 percentage points vs 03-2026
05-2026: 1.6%▲ +0.5 percentage points vs 04-2026
06-2026: 1.9%▲ +0.3 percentage points vs 05-2026
07-2026: 1.5%▼ -0.4 percentage points vs 06-2026
08-2026: 1.5%● unchanged vs 07-2026
09-2026: 1.5%● unchanged vs 08-2026
10-2026: 1.5%● unchanged vs 09-2026
11-2026: 1.5%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Last filed accounts filed 33 days late; 1 of the last 3 accounts late
Founded in 2020
Equity €8,466 (13.9% of total assets)
lowers risk
Liquidity: current ratio 1.36, cash €15,409
Calculation
The band follows from the bankruptcy probability. 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 43, micro). It does better than 17% of them on solvency, 37% on liquidity, 59% on profitability and 95% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,713 companies had the same profile as W-WORK has now. Each dot stands for 17 companies, two years later.
95.8%
were still trading
2.2%
stopped another way
1.8%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of W-WORK itself: 1.5% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,713 companies, not a prediction for W-WORK. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.36 (1.29 in 2024), below the usual 1.5. Short-term debt is 66.2% and cash 25.2% of total assets. 86.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 35136 sector peers (2025).
NBB · sector comparisonPosition among 35136 sector peers
Solvency
better than 17%
← weakest
strongest →
raises risk · 2025 accounts filed 33 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 5 filingsDeviation from the deadline
2025
33 days late
2024
16 days early
2023
16 days late
2022
11 days late
2021
2 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 8 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 11 May (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end11-11-2026 today30-04-2027 deadline
Board and ownership
- Paulussen Wim 1 sharedeed of 12-10-2020
- Paulussen Toon 99 sharesdeed of 12-10-2020
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0755902687
Registered office moved from Kasterlee to Geel
New registered office: Retieseweg 152, 2440 Geel · Previous registered office: Kloosterstraat 1A/6, 2460 Kasterlee · Board meeting of 24-06-2021 · Gazette deed
Incorporation
Founding capital of €2,500, 100 shares · Founders: Paulussen Wim and Paulussen Toon · Appointment: Paulussen Toon (sole director) · published on 12-10-2020 · Gazette deed
First establishment
Retieseweg 152, Geel
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| W-WORK Geel | €61,059 | €14,801 | 13.9% | - |
| Tom Vos Algemene Werken Balen | €55,600 | €15,720 | 84.2% | - |
| DANEELS INTERIEUR Kasterlee | €77,203 | €13,461 | -6.9% | - |
| ACF PROJECT Asse | €60,942 | €13,023 | 21.5% | - |
| City Construct Anderlecht | €58,828 | €13,295 | 53.0% | - |
| BMA COMPANY Beringen | €54,894 | €15,062 | 54.0% | - |
| Roof Commando Stekene | €59,083 | €16,813 | 85.0% | - |
These companies have the same main activity as W-WORK: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €54,900 and €77,200, founded between 2020 and 2021.
Official details
Source: KBO- Status
- Active since 08-10-2020Normal situation
- Activity
- Other specialised construction activitiesNACE 43990and 2 others
- Establishment unit
- 2.308.454.8942440 Geel, since 08-10-2020
- Financial year end
- 30 September
- Peppol
- Reachable since 28-04-2025
Annual accounts to 30-09-2025
- ≈ €200,000estimated
- €61,059▼ 20.4%
- Filing
- Filed on 02-06-2026
Insights on W-WORK
W-WORK files the micro format. That format states no turnover. The gross margin rose from -€8,209 in 2021 to €14,801 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about W-WORK
- What is the company number of W-WORK?
- The company number of W-WORK is 0755.902.687. The VAT number is the same number with BE in front: BE 0755.902.687.
- Where is W-WORK based?
- The registered office is at Retieseweg 152, 2440 Geel.Company details
- What does W-WORK do?
- According to the KBO register, the main activity is other specialised construction activities (NACE 43990).
- What is the legal form of W-WORK?
- W-WORK is a private limited company (BV).
- When was W-WORK founded?
- W-WORK was founded on 08-10-2020.
- Is W-WORK still active?
- Yes, W-WORK is an active enterprise in the KBO register.
- What is the turnover of W-WORK?
- The turnover in financial year 2025 is ≈ €200,000. This figure is estimated from the gross margin of €14,801 and 201 comparable companies (NACE 43990). It probably lies between €110,000 and €380,000. It is a rough estimate.Financials
- Is W-WORK profitable?
- In financial year 2025, W-WORK made a profit of €5,370.
- Where can I find the annual accounts of W-WORK?
- W-WORK filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of W-WORK due?
- W-WORK must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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