Work On
The computed 12-month bankruptcy probability of Work On is 0.8% (low). The 2024 annual accounts show equity of €12k and a net result of €22k. Its solvency ranks better than 40% of 782 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €12k |
| Net result | €22k |
| Better than sector | 40% |
| Active | 3 yrs |
Strong profile, led by profitability.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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See plans →| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 11.3% | 20.2% | |
| Net result | €22k | €2k | |
| Equity | €12k | €18k | |
| Gross operating margin | €35k | €24k | |
| Staff costs | €1k | €21k |
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €34k |
| Net profit | €22k |
| Cash flow | €29k |
| Staff costs | €1k |
| Income taxes | €3k |
| Dividends | - |
| Total assets | €109k |
| Equity | €12k |
| Debt | €97k |
| of which ≤ 1y | €57k |
| of which > 1y | €39k |
| Working capital | €-19k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 0.66 |
| Quick ratio | 0.66 |
| Working capital ratio | -17.8% |
| Solvency | 11.3% |
| Debt / equity | 7.82 |
| Long-term debt ratio | 3.19 |
| Interest coverage | 26.56 |
| Gross margin | - |
| Net margin | - |
| ROA | 20.0% |
| ROE | 176.6% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €109k |
| Fixed assets | 21/28 | €71k |
| Tangible fixed assets | 22/27 | €71k |
| Current assets | 29/58 | €38k |
| Amounts receivable within one year | 40/41 | €32k |
| Cash & bank | 54/58 | €5k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €109k |
| Equity | 10/15 | €12k |
| Contributions / capital | 10/11 | €3k |
| Accumulated profits (losses) | 14 | €10k |
| Amounts payable | 17/49 | €97k |
| Amounts payable after one year | 17 | €39k |
| Amounts payable within one year | 42/48 | €57k |
| Trade debts payable within one year | 44 | €21k |
| Income statement | ||
| Gross operating margin | 9900 | €35k |
| Operating result | 9901 | €26k |
| Financial charges | 65 | €1k |
| Result before taxes | 9903 | €25k |
| Income taxes | 67/77 | €3k |
| Net result for the period | 9904 | €22k |
| Result to be appropriated | 9905 | €22k |
| NACE primary | 93126 |
| Legal form | Private limited company(610) |
| Incorporation | 14-03-2023 |
| Status | Active |
| Postal code | 2910 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11642D0622/00S010 | Flanders | 142 m² | 1 · 131 m² | 7.3 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
09-10-2023 Registered office moved from Balen to Essen
- Graanstraat 58, 2490 Balen, België → Bloemenlaan 6, 2910 Essen, België
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Bloemenlaan 6, 2910 Essen, Belgi\u00EB",
"city": "Essen",
"region": "vlaams_gewest",
"street": "Bloemenlaan",
"country": "BE",
"postcode": "2910",
"box_number": null,
"street_number": "6",
"locality_suffix": null
},
"old_address": {
"raw": "Graanstraat 58, 2490 Balen, Belgi\u00EB",
"city": "Balen",
"region": "vlaams_gewest",
"street": "Graanstraat",
"country": "BE",
"postcode": "2490",
"box_number": null,
"street_number": "58",
"locality_suffix": null
},
"effective_date": "2023-09-25",
"evidence_quote": "Vit de notulen van de bijzondere algemene vergadering dd 25 september 2023 werd beslist dat met onmiddellijke ingang de maatschappelijke zetel wordt verplaatst naar het volgende adres met ingang dd 25 september 2023: Bloemenlaan 6, 2910 Essen, Belgi\u00EB.",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "immediate",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2023-10-09",
"filing_date": "2023-09-28",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "bijzondere_algemene_vergadering",
"date": "2023-09-25",
"unanimous": null
},
"subject_company": {
"kbo": "0799.498.447",
"name_full": "ONDERNAGRECTBANK",
"legal_form": "BV",
"_kbo_filled_from_list": true
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "De Beuckelaer Michael",
"org_rep_person_name": null,
"person_role_at_subject": "Bestuurder"
},
"co_filed_documents": [
"Bijlagen b bij het Belgisch Staatsblad",
"Annexes du Moniteur belge"
]
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | Work On |