Turnover
≈ €410,000 estimated
The micro format states no turnover.
Werkpaard
Lifetime
9 annual accounts with figures on one time axisGross marginpeak €78,080 (2025)
€78,080▲ 5.6%
Resultlowest -€21,788 (2017)
€5,955▼ 9.7%
Equitypeak €43,350 (2022)
€36,438▲ 19.5%
Debts
€172,921▼ 67.1%
Board2 names since 2021
2 directorsBeview and 1 other
Documentsfilings and deeds
18-08-202618 days late
2025micro format
Equity from €30,483 to €36,438Debts from €525,054 to €172,921Cash from €49,762 to €12,903
Key points
from the 2025 annual accountsChecked score
63
Healthy
Financially stronger than 37% of micro companies in construction of buildings (NACE 41)
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: 1.5% across 13,457 companies (NACE 41, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.6%
01-2025: 1.3%▼ -0.3 percentage points vs 12-2024
02-2025: 1.3%● unchanged vs 01-2025
03-2025: 1.3%● unchanged vs 02-2025
04-2025: 1.3%● unchanged vs 03-2025
05-2025: 1.3%● unchanged vs 04-2025
06-2025: 1.3%● unchanged vs 05-2025
07-2025: 1.4%▲ +0.1 percentage points vs 06-2025
08-2025: 1.9%▲ +0.5 percentage points vs 07-2025highest value
09-2025: 0.7%▼ -1.2 percentage points vs 08-2025lowest value
10-2025: 0.7%● unchanged vs 09-2025lowest value
11-2025: 0.7%● unchanged vs 10-2025lowest value
12-2025: 0.7%● unchanged vs 11-2025lowest value
01-2026: 0.7%● unchanged vs 12-2025lowest value
02-2026: 0.7%● unchanged vs 01-2026
03-2026: 0.7%● unchanged vs 02-2026
04-2026: 0.7%● unchanged vs 03-2026
05-2026: 0.8%▲ +0.1 percentage points vs 04-2026
06-2026: 0.8%● unchanged vs 05-2026
07-2026: 0.9%▲ +0.1 percentage points vs 06-2026
08-2026: 1.3%▲ +0.4 percentage points vs 07-2026
09-2026: 1.5%▲ +0.2 percentage points 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
Sector: Construction of residential and non-residential buildings (NACE 41)
Liquidity: current ratio 1.20, cash €12,903, halved
Equity €36,438 (17.4% of total assets)
lowers risk
Figures for financial year 2025 (filed on 18-08-2026)
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 41, micro). It does better than 24% of them on solvency, 14% on liquidity, 46% on profitability and 64% on growth.
The bankruptcy probability was computed on 04-11-2026 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 31-12-2025.
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, 3,274 companies had the same profile as Werkpaard has now. Each dot stands for 9 companies, two years later.
94.7%
were still trading
2.5%
stopped another way
2.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Werkpaard itself: 1.5% within 12 months.
Test of the method
The method was tested on the 497,446 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 3,274 companies, not a prediction for Werkpaard. 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 €2,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.2 (1.03 in 2024), below the usual 1.5. Short-term debt is 74.6% and cash 6.2% of total assets. 82.6% 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 24% of 9415 sector peers (2025).
NBB · sector comparisonPosition among 9415 sector peers
Solvency
better than 24%
← weakest
strongest →
raises risk · 2025 accounts filed 18 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 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 · 9 filingsDeviation from the deadline
2025
18 days late
2024
28 days late
2023
2 days early
2022
13 days late
2021
11 days late
2020
25 days early
2019
11 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 5 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · 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 13 August (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
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Environmental permit refused
Bouwen of herbouwen, Slopen van niet vrijstaande gebouwen of constructies · Antwerpen
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0665785036
Environmental permit refused
Bouwen of herbouwen, Slopen van niet vrijstaande gebouwen of constructies · Provincie Antwerpen
Environmental permit granted
Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Schilde
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| Werkpaard Brasschaat | €209,359 | €78,080 | 17.4% | - |
| Osaj Bouwwerken Antwerp | €225,049 | €72,966 | 54.6% | - |
| B.O.R. Interieur Antwerp | €246,742 | €95,796 | 87.8% | - |
| Vloer -en tegelwerken Donckers Tom Malle | €180,262 | €81,241 | 56.1% | - |
| BVL Bouwwerken Brecht | €199,029 | €59,608 | 40.2% | - |
| ASB-BURO Dilbeek | €209,073 | €75,426 | 75.1% | - |
| IGMA Buggenhout | €196,970 | €71,833 | 37.7% | - |
These companies have the same main activity as Werkpaard: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €180,000 and €247,000, founded between 2016 and 2018.
Official details
Source: KBO- Status
- Active since 07-11-2016Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 5 others
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.258.404.8742930 Brasschaat, since 07-11-2016
- Financial year end
- 31 December
- Peppol
- Reachable since 02-01-2026
Annual accounts 2025
- Total assets
- €209,359▼ 62.3%
- Employeeson 31-12-2025
- 1=
- Filing
- Filed on 18-08-2026
Insights on Werkpaard
Werkpaard files the micro format. That format states no turnover. The gross margin rose from -€19,752 in 2017 to €78,080 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 Werkpaard
- What is the company number of Werkpaard?
- The company number of Werkpaard is 0665.785.036. The VAT number is the same number with BE in front: BE 0665.785.036.
- Where is Werkpaard based?
- The registered office is at Lage Kaart 79, 2930 Brasschaat.Company details
- What does Werkpaard do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of Werkpaard?
- Werkpaard is a private limited company (BV).
- When was Werkpaard founded?
- Werkpaard was founded on 07-11-2016.
- Is Werkpaard still active?
- Yes, Werkpaard is an active enterprise in the KBO register.
- How many employees does Werkpaard have?
- Werkpaard had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Werkpaard fall under?
- In its 2025 annual accounts, Werkpaard states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of Werkpaard?
- The turnover in financial year 2025 is ≈ €410,000. This figure is estimated from the gross margin of €78,080 and 108 comparable companies (NACE 41001). It probably lies between €290,000 and €710,000.
- Is Werkpaard profitable?
- In financial year 2025, Werkpaard made a profit of €5,955.
- Where can I find the annual accounts of Werkpaard?
- Werkpaard filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Werkpaard due?
- Werkpaard must file the annual accounts for financial year 2026 by 31-07-2027.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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