WORK IN PROGRESS
ActiveSummary
For WORK IN PROGRESS, one filing cycle of the annual accounts is missing. The 2024 annual accounts show equity of €118,007 and a net result of €5,845. Equity is growing by about 15% per year across the filed financial years. Its solvency ranks better than 58% of 37,596 sector peers (NACE 70, financial year 2024). The company has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Activity
Business and other management consultancy
NACE 70200
1 site
Size
€180,876total assets 2024
- Equity
- €118,007
- Profit
- €5,845
Turnover not published (micro format)
Financial health
- Bankruptcy probabilitywithin 12 months
- 0.4%
2024 figures too old to score
Structure
Accounts 177 days overdue0 of 1 deed read
Signalsraises riskFigures for financial year 2024 (filed 30-04-2025)1 financial year not filed after the legal deadlineAnnual accounts not filedlowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Liquidity: current ratio 2.16, cash €85,274neutralLatest accounts filed on timeShow the evidence
Bankruptcy probability
No current score
Figures too old
The available figures for FY 2024 are too old to assess current financial health.
Filing: One filing cycle is missing
Financial strength, FY 2024 · tick = 2023
Strong
Solvency
90+15
equity 65.2% of total assets
Liquidity
92+4
short-term debt 23.6% · cash 47.1%
Profitability
73-5
return on assets 3.2%
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: < 0.1%
12-2024: < 0.1%● unchanged vs 11-2024
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025lowest value
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: 0.1%▲ +0.1 percentage points vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.2%▲ +0.1 percentage points vs 08-2026
10-2026: 0.4%▲ +0.2 percentage points vs 09-2026highest value
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Annual accounts not filed
The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record, 177 days later.
NBB · 10 filingsPosition against the passed deadline
30-09-2025 year end30-04-2026 deadline24-10-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 30-04-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
on the day
2023
on the day
2022
5 days early
2021
33 days early
2020
11 days early
2019
41 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 15 days before the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2024 · micro…
- Weakest financial yearnet €5,845 ▼64.9%
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 30 April 2026 Financial year closed on 30 September 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 24 October 2026.
Equity
€118,007▲ 5.2%
2023 · €112,162
Total assets
€180,876▼ 18.6%
2023 · €222,252
Net result
€5,845▼ 64.9%
2023 · €16,629
Working capital
€49,293▼ 6.6%
2023 · €52,802
Trend over the years
2020 to 2024, 5 financial years 2019 to 2024, 6 financial years
The operating result falls in 2024; 2024 is 59% below 2023 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€10,058
2024
Net result€5,845
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€180,876
2024
Equity€118,007
2024
Debt€62,870
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€49,293
2024
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)3.2%
2024
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency65.2%
2024
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio2.16
2024
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line201920202021202220232024
Operating result€22,364-€22,071▼ 1.3%€20,972▼ 5.0%€16,322▼ 22.2%€24,488▲ 50.0%€10,058▼ 58.9%
Net result€18,204-€16,054within the sector's middle half▼ 11.8%€14,072within the sector's middle half▼ 12.3%€10,777within the sector's middle half▼ 23.4%€16,629within the sector's middle half▲ 54.3%€5,845within the sector's middle half▼ 64.9%
Equity€54,630-€70,684within the sector's middle half▲ 29.4%€84,756within the sector's middle half▲ 19.9%€95,533within the sector's middle half▲ 12.7%€112,162within the sector's middle half▲ 17.4%€118,007within the sector's middle half▲ 5.2%
Total assets€257,483-€242,925within the sector's middle half▼ 5.7%€240,374within the sector's middle half▼ 1.1%€214,958within the sector's middle half▼ 10.6%€222,252within the sector's middle half▲ 3.4%€180,876within the sector's middle half▼ 18.6%
Debt€202,853-€172,241▼ 15.1%€155,617▼ 9.7%€119,425▼ 23.3%€110,090▼ 7.8%€62,870▼ 42.9%
Working capital€40,352-€47,962within the sector's middle half▲ 18.9%€52,463within the sector's middle half▲ 9.4%€45,777within the sector's middle half▼ 12.7%€52,802within the sector's middle half▲ 15.3%€49,293within the sector's middle half▼ 6.6%
Solvency21.2%-29.1%within the sector's middle half▲ 7.9pp35.3%within the sector's middle half▲ 6.2pp44.4%within the sector's middle half▲ 9.2pp50.5%within the sector's middle half▲ 6.0pp65.2%within the sector's middle half▲ 14.8pp
Current ratio2.07-2.34within the sector's middle half▲ 0.282.27within the sector's middle half▼ 0.072.14within the sector's middle half▼ 0.131.88within the sector's middle half▼ 0.262.16within the sector's middle half▲ 0.28
Return on assets (ROA)7.1%-6.6%within the sector's middle half▼ 0.5pp5.9%within the sector's middle half▼ 0.8pp5.0%within the sector's middle half▼ 0.8pp7.5%within the sector's middle half▲ 2.5pp3.2%within the sector's middle half▼ 4.3pp
above
within
below
the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €180,876
Fixed assets
€88,905 ▼ 18.7%
Current assets
€91,971 ▼ 18.5%
Equity and liabilities €180,876
Equity
€118,007 ▲ 5.2%
Debt
€62,870 ▼ 42.9%
Debt's share of the balance-sheet total falls from 49.5% to 34.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€30,555▼
2023 · €45,519
Cash flow
€26,343▼
2023 · €37,660
Debt to equity
0.53▼
2023 · 0.98
ROE
5.0%▼
2023 · 14.8%
Interest coverage
19.28▼
2023 · 23.27
Debt ≤ 1 year
€42,678▼
2023 · €60,047
Debt > 1 year
€20,192▼
2023 · €50,044
Income taxes
€2,628▼
2023 · €5,903
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,405 | €20,660 | €20,542 | €20,802 | €21,032 | €20,498 | ▼ 2.5% |
| Other operating charges640/8 | - | - | - | €2,573 | €2,824 | €2,915 | ▲ 3.2% |
| Gross operating margin9900 | €46,103 | €45,182 | €44,016 | €39,696 | €48,343 | €33,470 | ▼ 30.8% |
| Operating profit (loss)9901 | €22,364 | €22,071 | €20,972 | €16,322 | €24,488 | €10,058 | ▼ 58.9% |
| Financial income75/76B | - | - | - | - | €1 | €0 | ▼ 75.0% |
| Recurring financial income75 | €2 | €72 | €0 | - | €1 | €0 | ▼ 75.0% |
| Non-recurring financial income76B | - | - | - | - | €1 | €0 | ▼ 75.0% |
| Financial charges65/66B | - | - | - | €2,459 | €1,956 | €1,585 | ▼ 19.0% |
| Recurring financial charges65 | €3,922 | €3,429 | €2,919 | €2,459 | €1,956 | €1,585 | ▼ 19.0% |
| Profit (loss) for the period before taxes9903 | €18,443 | €18,714 | €18,052 | €13,862 | €22,532 | €8,473 | ▼ 62.4% |
| Income taxes67/77 | €239 | €2,660 | €3,980 | €3,086 | €5,903 | €2,628 | ▼ 55.5% |
| Profit (loss) for the period9904 | €18,204 | €16,054 | €14,072 | €10,777 | €16,629 | €5,845 | ▼ 64.9% |
| Profit (loss) for the period to be appropriated9905 | €18,204 | €16,054 | €14,072 | €10,777 | €16,629 | €5,845 | ▼ 64.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €257,483 | €242,925 | €240,374 | €214,958 | €222,252 | €180,876 | ▼ 18.6% |
| Fixed assets21/28 | €179,313 | €159,262 | €146,577 | €129,135 | €109,403 | €88,905 | ▼ 18.7% |
| Tangible fixed assets22/27 | €179,313 | €159,262 | €146,577 | €129,135 | €109,403 | €88,905 | ▼ 18.7% |
| Land and buildings22 | - | - | - | €2,102 | €1,831 | €1,559 | ▼ 14.8% |
| Plant, machinery and equipment23 | - | - | - | €4,384 | €3,595 | €2,805 | ▼ 22.0% |
| Furniture and vehicles24 | - | - | - | €1,068 | €1,222 | €611 | ▼ 50.0% |
| Leasing and similar rights25 | - | - | - | €121,580 | €102,755 | €83,929 | ▼ 18.3% |
| Current assets29/58 | €78,171 | €83,663 | €93,797 | €85,823 | €112,849 | €91,971 | ▼ 18.5% |
| Amounts receivable within one year40/41 | €20,401 | €17,170 | €40,418 | €18,696 | €20,174 | €4,899 | ▼ 75.7% |
| Trade receivables40 | - | - | - | €12,962 | €18,713 | €4,464 | ▼ 76.1% |
| Other amounts receivable41 | - | - | - | €5,734 | €1,461 | €435 | ▼ 70.2% |
| Cash at bank and in hand54/58 | €53,636 | €61,010 | €47,628 | €61,204 | €86,936 | €85,274 | ▼ 1.9% |
| Deferred charges and accrued income490/1 | - | - | - | €5,922 | €5,739 | €1,799 | ▼ 68.7% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €257,483 | €242,925 | €240,374 | €214,958 | €222,252 | €180,876 | ▼ 18.6% |
| Equity10/15 | €54,630 | €70,684 | €84,756 | €95,533 | €112,162 | €118,007 | ▲ 5.2% |
| Contributions10/11 | €18,600 | - | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €36,360 | €36,360 | €36,360 | €36,360 | €36,360 | €42,205 | ▲ 16.1% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €34,500 | €34,500 | €40,345 | ▲ 16.9% |
| Profit (loss) carried forward14 | -€330 | €15,724 | €29,796 | €40,573 | €57,202 | €57,202 | = |
| Amounts payable17/49 | €202,853 | €172,241 | €155,617 | €119,425 | €110,090 | €62,870 | ▼ 42.9% |
| Amounts payable after more than one year17 | €165,035 | €136,540 | €108,209 | €79,380 | €50,044 | €20,192 | ▼ 59.7% |
| Financial debts170/4 | - | - | - | €79,380 | €50,044 | €20,192 | ▼ 59.7% |
| Amounts payable within one year42/48 | €37,819 | €35,701 | €41,333 | €40,046 | €60,047 | €42,678 | ▼ 28.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €28,829 | €29,339 | €29,859 | ▲ 1.8% |
| Financial debts43 | - | - | - | - | - | €1,125 | - |
| Credit institutions430/8 | - | - | - | - | - | €1,125 | - |
| Trade debts44 | €2,497 | €3,794 | €6,736 | €4,179 | €17,525 | €6,915 | ▼ 60.5% |
| Suppliers440/4 | - | - | - | €4,179 | €17,525 | €6,915 | ▼ 60.5% |
| Taxes, remuneration and social security45 | - | - | - | €4,024 | €5,903 | - | - |
| Taxes450/3 | - | - | - | €4,024 | €5,903 | - | - |
| Other amounts payable47/48 | - | - | - | €3,014 | €7,279 | €4,779 | ▼ 34.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,204 | €16,054 | €14,072 | €10,777 | €16,629 | €5,845 | ▼ 64.9% |
| + Depreciation and write-downs630 | €21,405 | €20,660 | €20,542 | €20,802 | €21,032 | €20,498 | ▼ 2.5% |
| Operating cash flow (approximation) | €39,609 | €36,714 | €34,614 | €31,578 | €37,660 | €26,343 | ▼ 30.1% |
| Investment in fixed assets (approximation) | - | -€609 | -€7,857 | -€3,360 | -€1,299 | €0 | - |
| Change in cash | - | €7,374 | -€13,382 | €13,576 | €25,732 | -€1,662 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 21 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2024 | micro format | 30-04-2025 | 2025-00082217 |
| 30-09-2023 | micro format | 30-04-2024 | 2024-00075524 |
| 30-09-2022 | micro format | 25-04-2023 | 2023-00064665 |
| 30-09-2021 | micro format | 28-03-2022 | 2022-08600496 |
| 30-09-2020 | micro format | 19-04-2021 | 2021-10500506 |
| 30-09-2019 | micro format | 20-03-2020 | 2020-07000453 |
| 30-09-2018 | micro format | 21-03-2019 | 2019-07400254 |
| 30-09-2017 | micro format | 28-03-2018 | 2018-07900330 |
| 30-09-2016 | abbreviated format | 07-03-2017 | 2017-05800202 |
| 30-09-2015 | abbreviated format | 25-03-2016 | 2016-07300158 |
Similar companies · same sector, comparable size
Gaby Business Solutions
BE 1006.743.895
Avelgem · equity €118,014
JAKE CONSULT & MANAGEMENT
BE 0469.666.278
Keerbergen · equity €117,987
JH Training & Consulting
BE 0474.865.676
Bierbeek · equity €118,035
Dari Resources
BE 1009.996.464
Antwerpen · equity €118,039
Saastup
BE 0790.994.121
Cerfontaine · equity €117,973
Of the 82,449 active companies whose main activity is business and other management consultancy (NACE 70200), figures are known for 53,936. 41,881 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 0 of 1 Gazette act processed. See the directors and other office holders in the KBO →
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
2025
30-04
NBB filing
Annual accounts filed
financial year 2024 · micro format
2024
30-09
Financial
Weakest financial yearnet €5,845 ▼64.9%
Net result drops to €5,845, the lowest in the series.
30-04
NBB filing
Annual accounts filed
financial year 2023 · micro format
2023
30-09
Financial
Equity above €100,000equity €112,162 ▲17.4%
A profit in every financial year since 2019 builds equity to €112,162.
25-04
NBB filing
Annual accounts filed
financial year 2022 · micro format
2022
28-03
NBB filing
Annual accounts filed
financial year 2021 · micro format
2021
19-04
NBB filing
Annual accounts filed
financial year 2020 · micro format
2020
20-03
NBB filing
Annual accounts filed
financial year 2019 · micro format
2019
21-03
NBB filing
Annual accounts filed
financial year 2018 · micro format
2018
28-03
NBB filing
Annual accounts filed
financial year 2017 · micro format
2017
07-03
NBB filing
Annual accounts filed
financial year 2016 · abbreviated format
2016
25-03
NBB filing
Annual accounts filed
financial year 2015 · abbreviated format
Financial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 21 annual accounts filed, the latest 10 are here; all 21 are under Financials.
0 of 1 deed read
About the unread acts
We know of 1 Belgian Official Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Register details
Identification
Legal formPrivate limited company
Founded03-10-2003
Financial year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
73200Market research and public opinion polling
82300Organisation of conventions and trade shows
E-invoicing
Reachable via Peppol
Peppol ID
0208:0860855697
Also
9925:BE0860855697
Registered
26-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 24 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Grimbergen · 1 establishment unit since 2003
Ground area
1,070 m²
Building footprint
200 m²
Building volume
985 m³
Parcel 23036B0349/00D000, Flanders · tallest building 9.8 m. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
WORK IN PROGRESS
since 2003unit no. 2.133.672.475
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23036B0349/00D000 | Flanders | 1,070 m² | 1 · 200 m² | 9.8 m · 1 |
How the parcels are linked
Good to know
The parcel matches the address exactly.