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Work-Out

Active
Private limited companyfounded 20214 yrs activeDendermondsesteenweg 241, 9040 Gent, BelgiumKBO/BCE: BE 0775.511.733
Summary

The computed 12-month bankruptcy probability of Work-Out is 4.7% (elevated). The 2025 annual accounts show equity of €73,679 and a net result of €55,407. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 38% of 979 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
Work-OutActiveChecked score 40/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of food products
NACE 10111NACE 10110Office administrative, office support and other business support activities NACE 82920
1 site
Size
€284,443total assets 2025
Staff
42.2 FTE
Equity
€73,679
Profit
€55,407
Turnover not published (abridged schema)
Financial health
40 Weak Checked score 2025
Bankruptcy chance 12 m
4.7%
Structure
Accounts filed 55 d late0 of 3 deeds read
Why 40- Size: 42.2 FTE, total assets €284,443- Founded in 2021- Latest accounts 55 days late; 2 of the last 3 late- Sector Manufacture of food products (NACE 10)Show the evidence

Checked score

Score 2025
40 / 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 60% of its sector peers (NACE 10, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 51+16
equity 25.9% of total assets
Liquidity 20-13
short-term debt 74.1% · cash 8.1%
Profitability 93+20
return on assets 19.5%
Bankruptcy probability, 12 months
4.7% Elevated
0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (626 companies)
Last 24 months 11-2024: 13.1% 12-2024: 16.3%▲ +24.7% vs 11-2024highest value 01-2025: 16.3%▼ -0.1% vs 12-2024 02-2025: 16.3%● 0.0% vs 01-2025 03-2025: 11.5%▼ -29.5% vs 02-2025 04-2025: 12.9%▲ +12.1% vs 03-2025 05-2025: 13.6%▲ +5.5% vs 04-2025 06-2025: 13.2%▼ -2.8% vs 05-2025 07-2025: 13.2%▲ +0.1% vs 06-2025 08-2025: 13.1%▼ -1.2% vs 07-2025 09-2025: 4.8%▼ -63.2% vs 08-2025 10-2025: 4.8%● 0.0% vs 09-2025 11-2025: 4.8%● 0.0% vs 10-2025 12-2025: 4.8%● 0.0% vs 11-2025 01-2026: 4.8%▼ -1.0% vs 12-2025 02-2026: 4.8%● +0.0% vs 01-2026 03-2026: 4.8%▲ +0.7% vs 02-2026 04-2026: 4.1%▼ -14.6% vs 03-2026lowest value 05-2026: 4.2%▲ +1.8% vs 04-2026 06-2026: 4.2%▲ +1.4% vs 05-2026 07-2026: 4.3%▲ +2.4% vs 06-2026 08-2026: 5.1%▲ +17.7% vs 07-2026 09-2026: 5.5%▲ +8.1% vs 08-2026 10-2026: 4.7%▼ -14.5% vs 09-2026
  • Size: 42.2 FTE, total assets €284,443 raises the probability for this profile
  • Founded in 2021 raises the probability for this profile
  • Latest accounts 55 days late; 2 of the last 3 late raises the probability
  • Sector Manufacture of food products (NACE 10) raises the probability
Credit up to €2,500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.06 against 1.1 in 2024; short-term debt: 74.1% and cash: 8.1% of total assets), and 74.1% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 10, small). Better than this share of them on solvency 36%, liquidity 13%, profitability 91%, growth against the median 99%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 06-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Size: 42.2 FTE, total assets €284,443
In the bankruptcy model this factor raises the probability for this profile.
NBB · annual accounts
raises risk · Founded in 2021
In the bankruptcy model this factor raises the probability for this profile.
KBO
raises risk · Latest accounts 55 days late; 2 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Sector Manufacture of food products (NACE 10)
In the bankruptcy model this factor raises the probability.
KBO
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
22232425
2022 to 2025 · latest year €73,679
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-09-2026, 55 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filings
Deviation from the deadline
2025
55 d late
2024
20 d late
2023
120 d late
2022
24 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 55 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.

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. Usually files around 9 September (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
07-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Highest result since 2022net €55,407 ▲854%
  3. Annual accounts filedfiscal year 2024 · abbreviated…

Key points

  • Positive: Equity rose in 2025from €18,272 to €73,679 ▲ 303% View
  • Among the largest 10% on gross marginsector median €408,422 · 975 companies €1.7m View
  • Total assets 20254 fiscal years filed €284,443 View

By topic

Financials

Fiscal year
2025
Total assets
€284,443
Profit
€55,407
Solvency
25.9%
Go to Financials

Timeline

Events
7
Since
2023
Next accounts
by 31-07-2027
  1. 24-09-2026Annual accounts filed
  2. 31-12-2025Highest result since 2022
  3. 20-08-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Manufacture of food productsNACE 10111
Founded
08-10-2021
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies

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