WF WORKS
ActiveSummary
The computed 12-month bankruptcy probability of WF WORKS is 2.5% (moderate). The 2025 annual accounts show equity of €24k and a net result of €14k. Equity is shrinking by ~8% per year across the filed fiscal years. Its solvency ranks better than 24% of 27786 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
53
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▲+23
Solvency48▲+12
Growth78▲+46
Track record94
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.95 against 0.65 in 2024; short-term debt: 64.5% and cash: 8.8% of total assets), and 77% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · 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 →
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 2025Solvency, return and age of the figures
Solvency
23%
Return on assets
13.5%
Age of the figures
18 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 27786 sector peers (2025).
NBB · sector comparisonPosition among 27786 sector peers
Solvency
better than 24%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year €24k
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 29-09-2025, 32 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
32 d early
2024
31 d early
2023
4 d early
2022
31 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close24-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€24k▲ 141%
2024 · €10k
2022: €18k
2023: €14k
2024: €10k
2022 → 2025
Total assets
€105k▲ 13.5%
2024 · €93k
2022: €78k
2023: €101k
2024: €93k
2022 → 2025
Net result
€14k
2024 · €-4k
2022: €13k
2023: €-4k
2024: €-4k
2022 → 2025
Working capital
€-4k▲ 84.4%
2024 · €-23k
2022: €-1k
2023: €-9k
2024: €-23k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€18k-€14k▼ 23.1%€10k▼ 28.3%€24k▲ 141%
Operating result€18k-€-3k€-2k▲ 19.3%€19k
Net result€13k-€-4k€-4k▲ 5.7%€14k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €19k after a loss of €2k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €105k
Fixed assets
€41k ▼ 17.1%
Current assets
€64k ▲ 48.2%
Equity and liabilities €105k
Equity
€24k ▲ 141%
Debt
€81k ▼ 2.1%
Debt's share of the balance-sheet total falls from 89.2% to 77.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€34k▲
2024 · €12k
Cash flow
€30k▲
2024 · €10k
Current ratio
0.95▲
2024 · 0.65
Quick ratio
0.77▲
2024 · 0.54
Debt to equity
3.34▼
2024 · 8.22
ROE
58.5%▲
2024 · -39.5%
ROA
13.5%▲
2024 · -4.3%
Interest coverage
26.35▲
2024 · 7.60
Debt ≤ 1 year
€68k▲
2024 · €66k
Debt > 1 year
€13k▼
2024 · €16k
Income taxes
€3k▲
2024 · €163
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 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€93k€105k▲
Fixed assets21/28€49k€41k▼
Tangible fixed assets22/27€49k€41k▼
Plant, machinery and equipment23€6k€13k▲
Furniture and vehicles24€23k€13k▼
Leasing and similar rights25€21k€15k▼
Current assets29/58€43k€64k▲
Stocks and contracts in progress3€8k€12k▲
Stocks30/36€8k€12k▲
Amounts receivable within one year40/41€25k€43k▲
Trade receivables40€19k€41k▲
Other amounts receivable41€7k€2k▼
Cash at bank and in hand54/58€10k€9k▼
Deferred charges and accrued income490/1€243-
Equity and liabilities
Total equity and liabilities10/49€93k€105k▲
Equity10/15€10k€24k▲
Contributions10/11€5k€5k=
Reserves13€13k€13k=
Distributable reserves133€13k€13k=
Profit (loss) carried forward14€-8k€6k▲
Amounts payable17/49€83k€81k▼
Amounts payable after more than one year17€16k€13k▼
Financial debts170/4€16k€13k▼
Amounts payable within one year42/48€66k€68k▲
Current portion of amounts payable after more than one year42€8k€8k▲
Trade debts44€26k€26k▲
Suppliers440/4€26k€26k▲
Taxes, remuneration and social security45€2k€3k▲
Taxes450/3€160€3k▲
Remuneration and social security454/9€2k-
Other amounts payable47/48€31k€31k▼
Income statement
Code20242025
Non-recurring operating income76A-€11k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€15k▲
Other operating charges640/8€465€1k▲
Gross operating margin9900€13k€35k▲
Operating profit (loss)9901€-2k€19k▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€-4k€17k▲
Income taxes67/77€163€3k▲
Profit (loss) for the period9904€-4k€14k▲
Profit (loss) for the period to be appropriated9905€-4k€14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-8k€6k▲
Profit (loss) brought forward from the previous period14P€-4k€-8k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Back to profitnet €14k
Net result €14k after 2 loss-making years.
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Weakest financial yearnet €-4k ▼132%
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Merchtem · 1 establishment unit since 2021
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.
Kleistraat 511785 MerchtemGround area
596 m²
Parcel 23052G0136/00N000, Flanders. Linked by address, not a title deed.
1 establishment unit
WF WORKS
since 20212.315.762.756
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23052G0136/00N000 | Flanders | 596 m² | - | - |
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
NAUTITECH
BE 1005.524.566
Machelen (Brab.) · Eq €24,176
Arnould Grégoire Services
BE 1000.626.165
Seneffe · Eq €24,002
AK Building Solutions
BE 0778.810.129
Grimbergen · Eq €23,809
ND1 TECH
BE 1010.123.653
Lokeren · Eq €24,811
REAL ELEKTRISCH
BE 0801.613.938
Sint-Joost-ten-Node · Eq €24,900
Of 1,123 companies in sector 43212 we hold annual accounts for 420. 328 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
Founded31-03-2021
Fiscal year end31-03
Activities, NACEBEL 2025
43212Electrical installation work in industrial facilities
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43331Floor and wall tiling
43422Screed work
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.