Work@Nicoleta
ActiveSummary
Work@Nicoleta has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.14M and a net result of €507k. Equity is growing by ~73.4% per year across the filed fiscal years. Its solvency ranks better than 80% of 315 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency85▲+5
Growth78=
Track record94
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity ample (current ratio 2.46 against 2.24 in 2024; short-term debt: 36.9% and cash: 3.7% of total assets), and 39.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
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
60.1%
Return on assets
26.6%
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 78
Relative position
BE, all sectors
reference
Employment activities (NACE 78)
about 17% fewer bankruptcies
← 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 02-07-2026, 29 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
29 d early
2024
37 d early
2023
33 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.14M▲ 79.4%
2024 · €638k
Total assets
€1.90M▲ 64.7%
2024 · €1.16M
Net result
€507k▲ 17.6%
2024 · €431k
Working capital
€1.02M▲ 69.0%
2024 · €605k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€250k-€585k▲ 134%€685k▲ 17.1%
Net result€182k-€431k▲ 136%€507k▲ 17.6%
Equity€207k-€638k▲ 208%€1.14M▲ 79.4%
Total assets€629k-€1.16M▲ 83.8%€1.90M▲ 64.7%
Debt€421k-€518k▲ 22.8%€759k▲ 46.7%
Working capital€170k-€605k▲ 257%€1.02M▲ 69.0%
Staff (FTE)17.8-66.3▲ 272%64.3▼ 3.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 17% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.90M
Fixed assets
€180k ▲ 189%
Current assets
€1.72M ▲ 57.7%
Equity and liabilities €1.90M
Equity
€1.14M ▲ 79.4%
Debt
€759k ▲ 46.7%
Debt's share of the balance-sheet total falls from 44.8% to 39.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€715k▲
2024 · €590k
Cash flow
€536k▲
2024 · €436k
Current ratio
2.46▲
2024 · 2.24
Debt to equity
0.66▼
2024 · 0.81
ROE
44.3%▼
2024 · 67.5%
ROA
26.6%▼
2024 · 37.3%
Interest coverage
74.19▲
2024 · 70.72
Debt ≤ 1 year
€702k▲
2024 · €488k
Debt > 1 year
€57k▲
2024 · €29k
Income taxes
€176k▲
2024 · €148k
Staff costs
€3.71M▲
2024 · €2.56M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €1.18M | €2.56M | €3.71M | ▲ 44.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €728 | €5k | €30k | ▲ 476% |
| Other operating charges640/8 | €2k | €748 | €891 | ▲ 19.2% |
| Gross operating margin9900 | €1.43M | €3.15M | €4.43M | ▲ 40.3% |
| Operating profit (loss)9901 | €250k | €585k | €685k | ▲ 17.1% |
| Financial income75/76B | €314 | €2k | €6k | ▲ 296% |
| Recurring financial income75 | €314 | €2k | €6k | ▲ 296% |
| Financial charges65/66B | €8k | €8k | €10k | ▲ 15.4% |
| Recurring financial charges65 | €8k | €8k | €10k | ▲ 15.4% |
| Profit (loss) for the period before taxes9903 | €242k | €578k | €682k | ▲ 17.9% |
| Income taxes67/77 | €60k | €148k | €176k | ▲ 18.8% |
| Profit (loss) for the period9904 | €182k | €431k | €507k | ▲ 17.6% |
| Profit (loss) for the period to be appropriated9905 | €182k | €431k | €507k | ▲ 17.6% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €629k | €1.16M | €1.90M | ▲ 64.7% |
| Fixed assets21/28 | €79k | €62k | €180k | ▲ 189% |
| Tangible fixed assets22/27 | €4k | €57k | €175k | ▲ 205% |
| Land and buildings22 | - | €25k | €42k | ▲ 72.5% |
| Plant, machinery and equipment23 | €1k | €5k | €15k | ▲ 188% |
| Furniture and vehicles24 | €2k | €27k | €50k | ▲ 82.9% |
| Leasing and similar rights25 | - | - | €67k | - |
| Financial fixed assets28 | €75k | €5k | €5k | = |
| Current assets29/58 | €550k | €1.09M | €1.72M | ▲ 57.7% |
| Amounts receivable after more than one year29 | €25k | €50k | €50k | = |
| Other amounts receivable291 | €25k | €50k | €50k | = |
| Amounts receivable within one year40/41 | €235k | €363k | €929k | ▲ 156% |
| Trade receivables40 | €223k | €343k | €892k | ▲ 160% |
| Other amounts receivable41 | €13k | €20k | €37k | ▲ 83.9% |
| Current investments50/53 | €25k | €451k | €651k | ▲ 44.6% |
| Cash at bank and in hand54/58 | €258k | €216k | €71k | ▼ 67.0% |
| Deferred charges and accrued income490/1 | €7k | €13k | €22k | ▲ 66.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €629k | €1.16M | €1.90M | ▲ 64.7% |
| Equity10/15 | €207k | €638k | €1.14M | ▲ 79.4% |
| Contributions10/11 | €25k | €25k | €25k | = |
| Reserves13 | €182k | €613k | €1.12M | ▲ 82.6% |
| Distributable reserves133 | €182k | €613k | €1.12M | ▲ 82.6% |
| Amounts payable17/49 | €421k | €518k | €759k | ▲ 46.7% |
| Amounts payable after more than one year17 | €41k | €29k | €57k | ▲ 96.1% |
| Financial debts170/4 | €41k | €29k | €57k | ▲ 96.1% |
| Amounts payable within one year42/48 | €380k | €488k | €702k | ▲ 43.7% |
| Current portion of amounts payable after more than one year42 | €53k | €106k | €23k | ▼ 78.0% |
| Trade debts44 | €181k | €147k | €281k | ▲ 90.7% |
| Suppliers440/4 | €181k | €147k | €281k | ▲ 90.7% |
| Taxes, remuneration and social security45 | €146k | €235k | €397k | ▲ 68.8% |
| Taxes450/3 | €67k | €69k | €133k | ▲ 91.7% |
| Remuneration and social security454/9 | €78k | €166k | €264k | ▲ 59.2% |
| Other amounts payable47/48 | €432 | €161 | €451 | ▲ 180% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €182k | €431k | €507k | ▲ 17.6% |
| + Depreciation and write-downs630 | €728 | €5k | €30k | ▲ 476% |
| Operating cash flow (approximation) | €183k | €436k | €536k | ▲ 23.0% |
| Investment in fixed assets (approximation) | - | €12k | €-147k | ▼ 1,372% |
| Change in cash | - | €-42k | €-145k | ▼ 247% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2023net €507k ▲17.6%
Operating result €685k, net result €507k, both a record.
31-12
Financial
Equity above €1MEq €1.14M ▲79.4%
3 profitable years in a row build equity to €1.14M.
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €500kEq €638k ▲208%
2 profitable years in a row build equity to €638k.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Lummen · 1 establishment unit since 2022
Ground area
425 m²
Building footprint
161 m²
Volume, LiDAR
769 m³
Parcel 71037A1556/00S000, Flanders · tallest building 9.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Work@Nicoleta
since 20222.338.471.644
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71037A1556/00S000 | Flanders | 425 m² | 1 · 161 m² | 9.2 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 75 EUR awarded · 75 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 75 EUR | 75 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 1,014 companies in sector 78200 we hold annual accounts for 645. 325 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-12-2022
Fiscal year end31-12
Activities, NACEBEL 2025
78200Temporary employment agencies and other provision of personnel
78100Employment placement agencies
Contact
Phone
0470222219Lummen
Scores and ratios are computed by Checked and are not a credit decision.