.werk.
ActiveSummary
.werk. has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€56,494) and a net result of -€13,741. Equity is shrinking by ~3.2% per year across the filed fiscal years. Its solvency ranks better than 8% of 9974 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability38▼-34
Solvency4▼-7
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.09 against 0.18 in 2023; short-term debt: 48.7% and cash: 0.3% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-21.4%
Return on assets
-5.2%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← 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 · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€56,494
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-07-2025, 27 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
27 d early
2023
27 d early
2022
31 d early
2021
4 d early
2020
30 d late
2019
11 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 8 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€56,494▼ 32.1%
2023 · -€42,753
Total assets
€263,667▼ 15.4%
2023 · €311,723
Net result
-€13,741
2023 · €16,788
Working capital
-€116,465▼ 7.5%
2023 · -€108,376
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€21,740▼ 63.8%-€38,320€5,685€27,830▲ 390%-€3,825
Net result€6,817within the sector's middle half▼ 84.7%-€51,433below the sector's middle half-€6,560below the sector's middle half▲ 87.2%€16,788within the sector's middle half-€13,741below the sector's middle half
Equity-€1,549below the sector's middle half▲ 81.5%-€52,982below the sector's middle half▼ 3,320%-€59,542below the sector's middle half▼ 12.4%-€42,753below the sector's middle half▲ 28.2%-€56,494below the sector's middle half▼ 32.1%
Total assets€442,451above the sector's middle half▼ 3.5%€360,044above the sector's middle half▼ 18.6%€332,712above the sector's middle half▼ 7.6%€311,723above the sector's middle half▼ 6.3%€263,667within the sector's middle half▼ 15.4%
Debt€444,001▼ 4.9%€413,027▼ 7.0%€392,253▼ 5.0%€354,477▼ 9.6%€320,162▼ 9.7%
Working capital-€74,373▼ 2.3%-€126,791▼ 70.5%-€130,844▼ 3.2%-€108,376▲ 17.2%-€116,465▼ 7.5%
Solvency-0.4%below the sector's middle half▲ 1.5pp-14.7%below the sector's middle half▼ 14.4pp-17.9%below the sector's middle half▼ 3.2pp-13.7%below the sector's middle half▲ 4.2pp-21.4%below the sector's middle half▼ 7.7pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €3,825 after €27,830 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €263,667
Fixed assets
€251,781 ▼ 12.3%
Current assets
€11,886 ▼ 51.5%
Key figures and ratios
EBITDA
€31,630▼
2023 · €63,304
Cash flow
€21,715▼
2023 · €52,263
Current ratio
0.09▼
2023 · 0.18
Debt to equity
-5.67▲
2023 · -8.29
ROA
-5.2%▼
2023 · 5.4%
Interest coverage
3.13▼
2023 · 5.61
Debt ≤ 1 year
€128,351▼
2023 · €132,862
Debt > 1 year
€191,811▼
2023 · €221,615
Income taxes
€2
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,338 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 90% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a small loss
2.5%
went bankrupt
5.6%
stopped otherwise
90%
still going
A further 1.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,338 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,058 | €34,476 | €35,139 | €35,474 | €35,456 | ▼ 0.1% |
| Other operating charges640/8 | - | €5,644 | €5,693 | €6,404 | €6,316 | ▼ 1.4% |
| Gross operating margin9900 | €60,266 | €1,800 | €46,518 | €69,708 | €37,946 | ▼ 45.6% |
| Operating profit (loss)9901 | €21,740 | -€38,320 | €5,685 | €27,830 | -€3,825 | ▼ 114% |
| Financial income75/76B | - | €351 | €145 | €238 | €201 | ▼ 15.6% |
| Recurring financial income75 | €230 | €351 | €145 | €238 | €201 | ▼ 15.6% |
| Financial charges65/66B | - | €13,464 | €12,389 | €11,280 | €10,114 | ▼ 10.3% |
| Recurring financial charges65 | €14,468 | €13,464 | €12,389 | €11,280 | €10,114 | ▼ 10.3% |
| Profit (loss) for the period before taxes9903 | €7,503 | -€51,433 | -€6,560 | €16,788 | -€13,738 | ▼ 182% |
| Income taxes67/77 | €686 | - | - | - | €2 | - |
| Profit (loss) for the period9904 | €6,817 | -€51,433 | -€6,560 | €16,788 | -€13,741 | ▼ 182% |
| Profit (loss) for the period to be appropriated9905 | €13,241 | -€51,433 | -€6,560 | €16,788 | -€13,741 | ▼ 182% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €442,451 | €360,044 | €332,712 | €311,723 | €263,667 | ▼ 15.4% |
| Fixed assets21/28 | €376,798 | €351,456 | €321,512 | €287,237 | €251,781 | ▼ 12.3% |
| Tangible fixed assets22/27 | €376,798 | €351,456 | €321,512 | €287,237 | €251,781 | ▼ 12.3% |
| Land and buildings22 | - | €331,368 | €302,316 | €273,265 | €244,605 | ▼ 10.5% |
| Plant, machinery and equipment23 | - | €11,773 | €9,141 | €6,537 | €2,361 | ▼ 63.9% |
| Other tangible fixed assets26 | - | €8,315 | €10,055 | €7,435 | €4,815 | ▼ 35.2% |
| Current assets29/58 | €65,653 | €8,589 | €11,200 | €24,486 | €11,886 | ▼ 51.5% |
| Amounts receivable within one year40/41 | €10,239 | €342 | €590 | €8,447 | €11,093 | ▲ 31.3% |
| Trade receivables40 | - | - | - | €8,434 | €11,080 | ▲ 31.4% |
| Other amounts receivable41 | - | €342 | €590 | €13 | €13 | ▼ 2.0% |
| Cash at bank and in hand54/58 | €55,414 | €8,246 | €10,610 | €15,982 | €793 | ▼ 95.0% |
| Deferred charges and accrued income490/1 | - | - | - | €57 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €442,451 | €360,044 | €332,712 | €311,723 | €263,667 | ▼ 15.4% |
| Equity10/15 | -€1,549 | -€52,982 | -€59,542 | -€42,753 | -€56,494 | ▼ 32.1% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €6,107 | €6,107 | €6,107 | €6,107 | €6,107 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €4,247 | €4,247 | €6,107 | €6,107 | = |
| Profit (loss) carried forward14 | -€26,256 | -€77,689 | -€84,248 | -€67,460 | -€81,201 | ▼ 20.4% |
| Amounts payable17/49 | €444,001 | €413,027 | €392,253 | €354,477 | €320,162 | ▼ 9.7% |
| Amounts payable after more than one year17 | €303,974 | €277,647 | €250,210 | €221,615 | €191,811 | ▼ 13.4% |
| Financial debts170/4 | - | €277,647 | €250,210 | €221,615 | €191,811 | ▼ 13.4% |
| Amounts payable within one year42/48 | €140,027 | €135,380 | €142,044 | €132,862 | €128,351 | ▼ 3.4% |
| Current portion of amounts payable after more than one year42 | - | €26,327 | €27,437 | €28,595 | €29,803 | ▲ 4.2% |
| Financial debts43 | - | - | - | - | €234 | - |
| Credit institutions430/8 | - | - | - | - | €234 | - |
| Trade debts44 | €19,998 | €19,581 | €20,973 | €20,665 | €24,565 | ▲ 18.9% |
| Suppliers440/4 | - | €19,581 | €20,973 | €20,665 | €24,565 | ▲ 18.9% |
| Taxes, remuneration and social security45 | - | €765 | €256 | €2,069 | €648 | ▼ 68.7% |
| Taxes450/3 | - | €765 | €256 | €2,069 | €648 | ▼ 68.7% |
| Other amounts payable47/48 | - | €88,707 | €93,377 | €81,533 | €73,100 | ▼ 10.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,817 | -€51,433 | -€6,560 | €16,788 | -€13,741 | ▼ 182% |
| + Depreciation and write-downs630 | €33,058 | €34,476 | €35,139 | €35,474 | €35,456 | ▼ 0.1% |
| Operating cash flow (approximation) | €39,875 | -€16,957 | €28,580 | €52,263 | €21,715 | ▼ 58.5% |
| Investment in fixed assets (approximation) | - | -€9,133 | -€5,196 | -€1,200 | €0 | ▲ 100% |
| Change in cash | - | -€47,168 | €2,364 | €5,372 | -€15,189 | ▼ 383% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €16,788
Net result €16,788 after 2 loss-making years.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€51,433
Net result drops to -€51,433, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
11-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 11 days late
2019
31-12
Financial
Back to profitnet €44,494
Net result €44,494 after one loss-making year.
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
19-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Bonheiden · 1 establishment unit since 2010
Ground area
4,471 m²
Building footprint
871 m²
Volume, LiDAR
3,148 m³
Parcel 12031B0660/00K000, Flanders · tallest building 13.1 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Meiboomstraat 9, 2820 Bonheiden
since 20102.185.024.275
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12031B0660/00K000 | Flanders | 4,471 m² | 1 · 871 m² | 13.1 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 29,787 companies in sector 41001 we hold annual accounts for 16,042. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-01-2010
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
42990Civil engineering
43320Joinery installation
43331Floor and wall tiling
43341Painting of buildings
47742Retail sale of prescription glasses, lenses and sunglasses
86993Human health activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0822357684
Registered
29-07-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.