WORK PERFECT
ActiveSummary
The computed 12-month bankruptcy probability of WORK PERFECT is 2.2% (moderate). The 2024 annual accounts show equity of €128,436 and a net result of €62,300. Equity is growing by ~38.8% per year across the filed fiscal years. Its solvency ranks better than 50% of 1307 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability95▲+3
Solvency68▼-16
Growth78=
Track record94
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 1.69 against 1.93 in 2023; short-term debt: 57.1% and cash: 2.5% of total assets), but 57.1% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
49 d late
2022
91 d late
2021
46 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 54 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€128,436▼ 9.0%
2023 · €141,136
Total assets
€299,089▲ 24.3%
2023 · €240,701
Net result
€62,300▲ 39.9%
2023 · €44,543
Working capital
€117,471▲ 26.3%
2023 · €93,034
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
Line2021202220232024
Operating result-€9,717-€117,079€55,503▼ 52.6%€78,851▲ 42.1%
Net result-€9,919-€96,512€44,543▼ 53.8%€62,300▲ 39.9%
Equity€81-€96,593▲ 119,151%€141,136▲ 46.1%€128,436▼ 9.0%
Total assets€39,958-€159,225▲ 298%€240,701▲ 51.2%€299,089▲ 24.3%
Debt€39,877-€62,632▲ 57.1%€99,565▲ 59.0%€170,653▲ 71.4%
Working capital-€22,141-€78,280€93,034▲ 18.8%€117,471▲ 26.3%
Staff (FTE)6.87.7▲ 13.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2022 Total assets +298% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 42% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €299,089
Fixed assets
€10,966 ▼ 77.2%
Current assets
€288,123 ▲ 49.6%
Equity and liabilities €299,089
Equity
€128,436 ▼ 9.0%
Debt
€170,653 ▲ 71.4%
Debt's share of the balance-sheet total rises from 41.4% to 57.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€85,479▲
2023 · €73,175
Cash flow
€68,928▲
2023 · €62,215
Current ratio
1.69▼
2023 · 1.93
Debt to equity
1.33▲
2023 · 0.71
ROE
48.5%▲
2023 · 31.6%
ROA
20.8%▲
2023 · 18.5%
Interest coverage
79.16▼
2023 · 650.16
Debt ≤ 1 year
€170,653▲
2023 · €99,565
Income taxes
€16,513▲
2023 · €11,848
Staff costs
€321,535▲
2023 · €264,148
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,964 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | €206 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €14,572 | €264,148 | €321,535 | ▲ 21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,778 | - | €17,672 | €6,628 | ▼ 62.5% |
| Other operating charges640/8 | €52 | €194 | €1,741 | €1,020 | ▼ 41.4% |
| Non-recurring operating charges66A | €694 | €9,826 | - | €9,947 | - |
| Gross operating margin9900 | -€5,192 | €141,670 | €339,064 | €417,981 | ▲ 23.3% |
| Operating profit (loss)9901 | -€9,717 | €117,079 | €55,503 | €78,851 | ▲ 42.1% |
| Financial income75/76B | - | €1,814 | €1,000 | €1,042 | ▲ 4.2% |
| Recurring financial income75 | - | €1,814 | €1,000 | €1,042 | ▲ 4.2% |
| Financial charges65/66B | €202 | €84 | €113 | €1,080 | ▲ 859% |
| Recurring financial charges65 | €202 | €84 | €113 | €1,080 | ▲ 859% |
| Profit (loss) for the period before taxes9903 | -€9,919 | €118,809 | €56,390 | €78,813 | ▲ 39.8% |
| Income taxes67/77 | - | €22,296 | €11,848 | €16,513 | ▲ 39.4% |
| Profit (loss) for the period9904 | -€9,919 | €96,512 | €44,543 | €62,300 | ▲ 39.9% |
| Profit (loss) for the period to be appropriated9905 | -€9,919 | €96,512 | €44,543 | €62,300 | ▲ 39.9% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €39,958 | €159,225 | €240,701 | €299,089 | ▲ 24.3% |
| Fixed assets21/28 | €22,222 | €18,314 | €48,102 | €10,966 | ▼ 77.2% |
| Tangible fixed assets22/27 | €22,222 | €18,064 | €47,727 | €10,491 | ▼ 78.0% |
| Furniture and vehicles24 | €22,222 | €18,064 | €47,727 | €10,491 | ▼ 78.0% |
| Financial fixed assets28 | - | €250 | €375 | €475 | ▲ 26.7% |
| Current assets29/58 | €17,736 | €140,912 | €192,599 | €288,123 | ▲ 49.6% |
| Amounts receivable within one year40/41 | €17,408 | €127,559 | €178,104 | €280,198 | ▲ 57.3% |
| Trade receivables40 | €16,573 | €117,121 | €114,506 | €202,117 | ▲ 76.5% |
| Other amounts receivable41 | €835 | €10,439 | €63,598 | €78,081 | ▲ 22.8% |
| Cash at bank and in hand54/58 | €178 | €13,023 | €14,165 | €7,595 | ▼ 46.4% |
| Deferred charges and accrued income490/1 | €150 | €330 | €330 | €330 | = |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €39,958 | €159,225 | €240,701 | €299,089 | ▲ 24.3% |
| Equity10/15 | €81 | €96,593 | €141,136 | €128,436 | ▼ 9.0% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | -€9,919 | €86,593 | €131,136 | €118,436 | ▼ 9.7% |
| Amounts payable17/49 | €39,877 | €62,632 | €99,565 | €170,653 | ▲ 71.4% |
| Amounts payable within one year42/48 | €39,877 | €62,632 | €99,565 | €170,653 | ▲ 71.4% |
| Trade debts44 | €26,305 | €37,323 | €34,321 | €45,406 | ▲ 32.3% |
| Suppliers440/4 | €26,305 | €37,323 | €34,321 | €45,406 | ▲ 32.3% |
| Taxes, remuneration and social security45 | €1,860 | €25,309 | €65,244 | €61,496 | ▼ 5.7% |
| Taxes450/3 | €1,860 | €23,254 | €34,258 | €29,605 | ▼ 13.6% |
| Remuneration and social security454/9 | - | €2,055 | €30,987 | €31,891 | ▲ 2.9% |
| Other amounts payable47/48 | €11,712 | - | - | €63,750 | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9,919 | €96,512 | €44,543 | €62,300 | ▲ 39.9% |
| + Depreciation and write-downs630 | €3,778 | - | €17,672 | €6,628 | ▼ 62.5% |
| Operating cash flow (approximation) | -€6,141 | €96,512 | €62,215 | €68,928 | ▲ 10.8% |
| Investment in fixed assets (approximation) | - | €3,909 | -€47,461 | €30,508 | ▲ 164% |
| Change in cash | - | €12,845 | €1,142 | -€6,569 | ▼ 675% |
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
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
18-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 49 days late
2023
31-12
Financial
Equity above €100,000Eq €141,136 ▲46.1%
2 profitable years in a row build equity to €141,136.
30-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 91 days late
2022
31-12
Financial
Back to profitnet €96,512
Net result €96,512 after one loss-making year.
31-12
Financial
Liquidity times 5current ratio 2.25
Current ratio from 0.44 to 2.25.
15-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 46 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are 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, Dilbeek · 1 establishment unit since 2021
Ground area
461 m²
Building footprint
299 m²
Volume, LiDAR
2,755 m³
2 parcels, Brussels, Flanders · tallest building 12.6 m, ±3 floors. Linked by address, not a title deed.
488
companies at this address
See who is registered here
1 establishment unit
WORK PERFECT
since 20212.318.615.249
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23016D0063/00W002 | Flanders | 300 m² | 1 · 299 m² | 12.6 m · 3 fl. |
| 21524C0149/00R000 | Brussels | 161 m² | - | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
FHM
BE 0881.457.905
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VERMEER GROEN LOGISTIEK
BE 0462.991.391
Lochristi · Eq €128,735
Keurpunt
BE 0823.617.201
Antwerpen · Eq €127,686
Clymen Global
BE 1023.742.453
Antwerpen · Eq €129,473
COMMODITY CENTRE HANDLING BELGIUM
BE 0865.162.004
Antwerpen · Eq €129,532
Of 3,187 companies in sector 52250 we hold annual accounts for 1,956. 1,410 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
Founded23-03-2021
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
52250Logistics services
43240Other construction installation
43910Bricklaying and masonry work
43990Other specialised construction activities
53200Other postal and courier activities
81210General cleaning of buildings
Contact
E-mail
Wrkperfect@gmail.com
Phone
0488194228
E-invoicing
Reachable via Peppol
Peppol ID
0208:0765544190
Registered
03-03-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.