WORK AND ART
ActiveSummary
WORK AND ART has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-573) and a net result of €-9k. Equity is shrinking by ~58.1% per year across the filed fiscal years. Its solvency ranks better than 9% of 17043 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
29
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency21▼-37
Growth32=
Track record94
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.63 against 1.17 in 2024; short-term debt: 76.1% and cash: 0% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
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 · 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
-3.9%
Return on assets
-62.2%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year €-573
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 4 filingsDeviation from the deadline
2025
31 d late
2024
30 d late
2023
61 d late
2022
32 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-573
2024 · €9k
2022: €18k
2023: €37k
2024: €9k
2022 → 2025
Total assets
€15k▼ 43.2%
2024 · €26k
2022: €38k
2023: €63k
2024: €26k
2022 → 2025
Net result
€-9k▲ 66.6%
2024 · €-28k
2022: €18k
2023: €17k
2024: €-28k
2022 → 2025
Working capital
€-4k
2024 · €3k
2022: €20k
2023: €29k
2024: €3k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€18k-€37k▲ 109%€9k▼ 76.7%€-573
Operating result€22k-€24k▲ 7.6%€-26k€-8k▲ 69.7%
Net result€18k-€17k▼ 2.0%€-28k€-9k▲ 66.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8k in 2025 against €26k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €15k
Fixed assets
€8k ▲ 29.6%
Current assets
€7k ▼ 64.5%
Key figures and ratios
EBITDA
€-4k▲
2024 · €-23k
Cash flow
€-6k▲
2024 · €-25k
Solvency
-3.9%▼
2024 · 33.2%
Current ratio
0.63▼
2024 · 1.17
ROA
-62.2%▲
2024 · -105.8%
Interest coverage
-3.47▲
2024 · -12.85
Debt
€15k▼
2024 · €17k
Debt ≤ 1 year
€11k▼
2024 · €17k
Debt > 1 year
€4k▲
2024 · €188
Income taxes
€162=
2024 · €162
Equity ratios withheld: equity of €-573 is too small for a meaningful ratio.
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 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€26k€15k▼
Fixed assets21/28€6k€8k▲
Tangible fixed assets22/27€6k€7k▲
Plant, machinery and equipment23€4k€2k▼
Furniture and vehicles24€2k€5k▲
Financial fixed assets28€420€420=
Current assets29/58€20k€7k▼
Amounts receivable within one year40/41€3k€5k▲
Trade receivables40€3k€5k▲
Cash at bank and in hand54/58€17k€0▼
Deferred charges and accrued income490/1€910€2k▲
Equity and liabilities
Total equity and liabilities10/49€26k€15k▼
Equity10/15€9k€-573▼
Contributions10/11€2k€2k=
Profit (loss) carried forward14€7k€-3k▼
Amounts payable17/49€17k€15k▼
Amounts payable after more than one year17€188€4k▲
Financial debts170/4-€4k
Other amounts payable178/9€188€235▲
Amounts payable within one year42/48€17k€11k▼
Current portion of amounts payable after more than one year42-€1k
Financial debts43€247€2k▲
Credit institutions430/8€247€2k▲
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Taxes, remuneration and social security45€13k€6k▼
Taxes450/3€13k€6k▼
Other amounts payable47/48€558€0▼
Accrued charges and deferred income492/3-€50
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▲
Other operating charges640/8€238€1k▲
Non-recurring operating charges66A-€63
Gross operating margin9900€-23k€-3k▲
Operating profit (loss)9901€-26k€-8k▲
Financial income75/76B€4€8▲
Recurring financial income75€4€8▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€-27k€-9k▲
Income taxes67/77€162€162=
Profit (loss) for the period9904€-28k€-9k▲
Profit (loss) for the period to be appropriated9905€-28k€-9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€8k€-3k▼
Profit (loss) brought forward from the previous period14P€35k€7k▼
Profit to be distributed694/7€833€0▼
Return on contributions (dividend)694€833€0▼
The notes to these accounts (7 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
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Weakest financial yearnet €-28k ▼259%
Net result drops to €-28k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
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, Tienen · 1 establishment unit since 2022
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.
Oplintersesteenweg(OPL) 213300 TienenGround area
354 m²
Building footprint
102 m²
Volume, LiDAR
672 m³
Parcel 24107B0318/00H005, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
WORK AND ART
since 20222.332.398.058
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24107B0318/00H005 | Flanders | 354 m² | 1 · 102 m² | 10.9 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
SERENTICE
BE 0600.879.663
Kortrijk · Eq €8,657
XIMMA
BE 0752.862.530
Beveren-Kruibeke-Zwijndrecht · Eq €8,678
KRYPTO
BE 0681.890.402
Wetteren · Eq €8,678
INTEGRICTY
BE 0472.901.625
Pepingen · Eq €8,644
MAP-S
BE 1018.518.014
Marche-en-Famenne · Eq €8,695
Of 29,996 companies in sector 62200 we hold annual accounts for 18,393. 8,813 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
Founded07-06-2022
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
66199Other activities auxiliary to financial services, excluding insurance and pension funding
70200Business and other management consultancy
82990Other business support services
90202Performing arts by artistic ensembles
90399Other support activities for arts and performing arts
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:+32499568460