Work-Around Gent
ActiveSummary
Work-Around Gent has been active since 1972 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €384k and a net result of €73k. Equity is growing by ~29.6% per year across the filed fiscal years. Its solvency ranks better than 43% of 956 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▲+1
Solvency69▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity tight (current ratio 1.07 against 1.17 in 2024; short-term debt: 10.1% and cash: 7.5% of total assets), and 56.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
43.7%
Return on assets
8.3%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 18
Relative position
BE, all sectors
reference
Sector 18
lower
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-05-2026, 65 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
65 d early
2024
34 d early
2023
53 d early
2022
54 d early
2021
14 d early
2020
36 d early
2019
22 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 31-12-2026 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
€384k▲ 23.5%
2024 · €311k
2018: €17k
2019: €70k
2020: €94k
2021: €142k
2022: €189k
2023: €240k
2024: €311k
2018 → 2025
Total assets
€878k▼ 3.7%
2024 · €912k
2018: €518k
2019: €933k
2020: €952k
2021: €948k
2022: €932k
2023: €964k
2024: €912k
2018 → 2025
Net result
€73k▲ 3.6%
2024 · €71k
2018: €-83k
2019: €53k
2020: €24k
2021: €48k
2022: €47k
2023: €51k
2024: €71k
2018 → 2025
Working capital
€6k▼ 60.1%
2024 · €15k
2018: €1k
2019: €9k
2020: €-23k
2021: €5k
2022: €29k
2023: €49k
2024: €15k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€142k-€189k▲ 33.2%€240k▲ 26.9%€311k▲ 29.4%€384k▲ 23.5%
Operating result€68k-€66k▼ 2.5%€81k▲ 21.5%€109k▲ 35.0%€105k▼ 3.7%
Net result€48k-€47k▼ 2.5%€51k▲ 7.8%€71k▲ 38.9%€73k▲ 3.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 4% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €878k
Fixed assets
€784k ▼ 2.6%
Current assets
€95k ▼ 11.7%
Equity and liabilities €878k
Equity
€384k ▲ 23.5%
Debt
€494k ▼ 17.8%
Debt's share of the balance-sheet total falls from 65.9% to 56.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€153k▲
2024 · €152k
Cash flow
€121k▲
2024 · €114k
Current ratio
1.07▼
2024 · 1.17
Quick ratio
1.07▼
2024 · 1.17
Debt to equity
1.29▼
2024 · 1.93
ROE
19.1%▼
2024 · 22.7%
ROA
8.3%▲
2024 · 7.7%
Interest coverage
13.69▲
2024 · 10.00
Debt ≤ 1 year
€88k▼
2024 · €92k
Debt > 1 year
€401k▼
2024 · €501k
Income taxes
€24k▲
2024 · €23k
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 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€912k€878k▼
Fixed assets21/28€805k€784k▼
Tangible fixed assets22/27€805k€783k▼
Land and buildings22€721k€705k▼
Plant, machinery and equipment23€62k€60k▼
Furniture and vehicles24€21k€18k▼
Financial fixed assets28€664€627▼
Current assets29/58€107k€95k▼
Stocks and contracts in progress3€242€140▼
Stocks30/36€242€140▼
Amounts receivable within one year40/41€16k€23k▲
Trade receivables40€16k€20k▲
Other amounts receivable41-€2k
Cash at bank and in hand54/58€84k€66k▼
Deferred charges and accrued income490/1€7k€6k▼
Equity and liabilities
Total equity and liabilities10/49€912k€878k▼
Equity10/15€311k€384k▲
Contributions10/11€31k€31k=
Reserves13€280k€353k▲
Distributable reserves133€280k€353k▲
Amounts payable17/49€601k€494k▼
Amounts payable after more than one year17€501k€401k▼
Financial debts170/4€406k€353k▼
Other amounts payable178/9€95k€48k▼
Amounts payable within one year42/48€92k€88k▼
Current portion of amounts payable after more than one year42€52k€53k▲
Trade debts44€10k€23k▲
Suppliers440/4€10k€23k▲
Taxes, remuneration and social security45€27k€12k▼
Taxes450/3€27k€12k▼
Other amounts payable47/48€3k€0▼
Accrued charges and deferred income492/3€9k€5k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€48k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-2k€0▲
Other operating charges640/8€13k€12k▼
Gross operating margin9900€163k€164k▲
Operating profit (loss)9901€109k€105k▼
Financial income75/76B€143€3k▲
Recurring financial income75€143€3k▲
Financial charges65/66B€15k€11k▼
Recurring financial charges65€15k€11k▼
Profit (loss) for the period before taxes9903€94k€97k▲
Income taxes67/77€23k€24k▲
Profit (loss) for the period9904€71k€73k▲
Profit (loss) for the period to be appropriated9905€71k€73k▲
Appropriation of the result
Profit (loss) to be appropriated9906€71k€73k▲
Transfer to equity691/2€71k€73k▲
To other reserves6921€71k€73k▲
The notes to these accounts (13 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
27-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €73k ▲3.6%
Net result €73k, the highest in the series.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
08-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200kEq €240k ▲26.9%
5 profitable years in a row build equity to €240k.
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150kEq €189k ▲33.2%
4 profitable years in a row build equity to €189k.
17-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100kEq €142k ▲51.6%
3 profitable years in a row build equity to €142k.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €53k
Net result €53k after one loss-making year.
Show earlier events
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Gent · 1 establishment unit since 1973
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.
Maaltebruggestraat 1699000 GentGround area
906 m²
Building footprint
832 m²
Volume, LiDAR
3,545 m³
Parcel 44809I0574/00E002, Flanders · tallest building 8.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Maaltebruggestraat 169, 9000 Gent
since 19732.008.154.871
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44809I0574/00E002 | Flanders | 906 m² | 1 · 832 m² | 8.8 m · 1 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
PRINT&CO
BE 0893.897.956
Lochristi · Eq €386k
DRUKKERIJ COPPENS
BE 0440.099.886
Lochristi · Eq €388k
FOTONS
BE 0806.553.218
Antwerpen · Eq €380k
JP
BE 0753.872.914
Heist-op-den-Berg · Eq €389k
BLONDÉ
BE 0828.409.791
Kontich · Eq €379k
Of 1,600 companies in sector 18120 we hold annual accounts for 808. 595 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
Founded21-12-1972
Fiscal year end31-12
Activities, NACEBEL 2025
18120Other printing
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.