Investments
€1,046 18.2 × depreciation
Green is investment, beige is depreciation.
WORK CONSTRUCTION
Lifetime
9 annual accounts with figures on one time axisGross marginpeak €14,978 (2025)
€14,978▲ 124%
Resultlowest -€15,270 (2019)
€14,149▲ 225%
Equitypeak €19,642 (2017)
€13,020▲ €14,149
Debts
€29,058▲ 78.0%
Board2 names since 2020
-
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Gross margin from €6,672 to €14,978Result from €4,354 to €14,149Equity from -€1,129 to €13,020Debts from €16,323 to €29,058
Key points
from the 2025 annual accountsFilings
9 annual accounts 7 late
The 2022 accounts came latest: 153 days after the end of the period.
At the same address
312 companies
Checked score
52
Fair
Financially stronger than 62% of micro companies in building services and landscaping (NACE 81)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.9% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.9% across 7,710 companies (NACE 81, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.2%
01-2025: 4.8%▲ +1.6 percentage points vs 12-2024
02-2025: 4.8%● unchanged vs 01-2025
03-2025: 4.8%● unchanged vs 02-2025
04-2025: 5.0%▲ +0.2 percentage points vs 03-2025
05-2025: 5.0%● unchanged vs 04-2025
06-2025: 4.9%▼ -0.1 percentage points vs 05-2025
07-2025: 5.1%▲ +0.2 percentage points vs 06-2025
08-2025: 6.1%▲ +1.0 percentage point vs 07-2025highest value
09-2025: 3.4%▼ -2.7 percentage points vs 08-2025
10-2025: 3.4%● unchanged vs 09-2025
11-2025: 3.3%▼ -0.1 percentage points vs 10-2025
12-2025: 3.2%▼ -0.1 percentage points vs 11-2025
01-2026: 3.2%● unchanged vs 12-2025
02-2026: 3.2%● unchanged vs 01-2026
03-2026: 3.2%● unchanged vs 02-2026
04-2026: 3.4%▲ +0.2 percentage points vs 03-2026
05-2026: 3.9%▲ +0.5 percentage points vs 04-2026
06-2026: 3.8%▼ -0.1 percentage points vs 05-2026
07-2026: 4.0%▲ +0.2 percentage points vs 06-2026
08-2026: 4.8%▲ +0.8 percentage points vs 07-2026
09-2026: 2.9%▼ -1.9 percentage points vs 08-2026lowest value
10-2026: 2.9%● unchanged vs 09-2026lowest value
11-2026: 2.9%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 1.41
Last filed accounts filed 31 days late; 1 of the last 3 accounts late
1 change of registered office in 24 months
Sector: Services to buildings and landscape activities (NACE 81)
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 81, micro). It does better than 38% of them on solvency, 18% on liquidity, 92% on profitability and 99% 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 moderate class on 30-06-2025, 2.4% 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, 26,972 companies had the same profile as WORK CONSTRUCTION has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of WORK CONSTRUCTION itself is higher: 2.9% within 12 months. It rests on far more data about WORK CONSTRUCTION than the profile alone.
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 26,972 companies, not a prediction for WORK CONSTRUCTION. 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 €500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.41 (0.93 in 2024), below the usual 1.5. Short-term debt is 69.1% of total assets. 69.1% 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
Five signals.
raises risk
raises risk · 2025 accounts filed 31 days late
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. 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
31 days late
2024
28 days late
2023
30 days late
2022
153 days late
2021
22 days late
2020
4 days early
2019
91 days late
← 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 50 days after the deadline. In the sector (NACE 81), the median for financial year 2024 was 1 day before the deadline, and 43% 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 31 August (4 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
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0672608490
Company renamed from RAYAN GARDEN to WORK CONSTRUCTION
Resignation: BENOMAR Louisa (manager) · Appointment: SAVCIUC Ion (director) · Legal-form conversion: from private limited company (pre-2019) to private limited company · Gazette deed
First establishment
Jean Robiestraat 59, Sint-Gillis (bij-Brussel)
Incorporation
published on 14-03-2017 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| WORK CONSTRUCTION Overijse | €42,078 | €14,978 | 30.9% | - |
| S.W. Constructing Aalst | €42,375 | €13,490 | 98.7% | - |
| ARBORECO Uccle | €37,692 | €13,176 | 55.6% | - |
| Dierckx Dessel | €41,959 | €18,334 | 89.2% | - |
| CREALANDSCAPE Nivelles | €46,345 | €12,971 | -23.6% | - |
| SANDER HERMANS Zemst | €47,489 | €17,019 | -41.3% | - |
| Dereze Carl Laakdal | €38,498 | €12,086 | -105.9% | - |
These companies have the same main activity as WORK CONSTRUCTION: landscape service activities (NACE 81300). They are comparable in size and age: total assets between €37,700 and €47,500, founded between 2015 and 2020.
Official details
Source: KBO- Status
- Active since 10-03-2017Normal situation
- Registered office
- 313 active companies are registered at this address34 started in the 12 months before. Source: KBO register, as of 5 November 2026.
- Activity
- Landscape service activitiesNACE 81300
- Establishment unit
- 2.265.295.1411060 Sint-Gillis (bij-Brussel), since 15-04-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 13-10-2025
Annual accounts 2025
- Turnover
- ≈ €110,000estimated
- Total assets
- €42,078▲ 177%
- Filing
- Filed on 31-08-2026
Insights on WORK CONSTRUCTION
WORK CONSTRUCTION files the micro format. That format states no turnover. The gross margin rose from €3,975 in 2017 to €14,978 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 WORK CONSTRUCTION
- What is the company number of WORK CONSTRUCTION?
- The company number of WORK CONSTRUCTION is 0672.608.490. The VAT number is the same number with BE in front: BE 0672.608.490.
- Where is WORK CONSTRUCTION based?
- The registered office is at Brusselsesteenweg 292, 3090 Overijse.Company details
- What does WORK CONSTRUCTION do?
- According to the KBO register, the main activity is landscape service activities (NACE 81300).
- What is the legal form of WORK CONSTRUCTION?
- WORK CONSTRUCTION is a private limited company (BV).
- When was WORK CONSTRUCTION founded?
- WORK CONSTRUCTION was founded on 10-03-2017.
- Is WORK CONSTRUCTION still active?
- Yes, WORK CONSTRUCTION is an active enterprise in the KBO register.
- What is the turnover of WORK CONSTRUCTION?
- The turnover in financial year 2025 is ≈ €110,000. This figure is estimated from the gross margin of €14,978 and 35 comparable companies (NACE 81300). It probably lies between €72,000 and €220,000. It is a rough estimate.Financials
- Is WORK CONSTRUCTION profitable?
- In financial year 2025, WORK CONSTRUCTION made a profit of €14,149.
- Where can I find the annual accounts of WORK CONSTRUCTION?
- WORK CONSTRUCTION filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of WORK CONSTRUCTION due?
- WORK CONSTRUCTION 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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