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Generated 08-08-2026
Active BE 0675.934.008Private limited company

Work Solutions

Geraardsbergsesteenweg 129 ·9090 Merelbeke-Melle, Belgium· 9 yrs active
Sector: NACE 61200 (61200)
Conclusion Checked

The computed 12-month bankruptcy probability of Work Solutions is 3.0% (moderate). The 2022 annual accounts show equity of €8k and a net result of €14k. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.
Key figures
Equity €8k
Net result €14k
Active 9 yrs
Locations 1
Snowflake analysis 5 axes · computed by Checked
Health68Profitability100Solvency30Growth78Stability100
75 / 100

Exceptional profile, strong across almost every axis.

Health 68
Profitability 100
Solvency 30
Growth 78
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
3.0% Moderate
0%0,5%1,5%4%10%≥25%
Higher-failure-rate sector +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
More than 3 years active
Founded in 2017, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2022 · computed
68 / 100 Healthy
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview7 NBB filings
Annual accounts filed on 18-06-2025 with the NBB · fiscal year 2024 · micro
€-5k€0€5k€10k€15kOperating result 2018: €-1k€-1kNet result 2018: €-2k€-2kOperating result 2020: €-1k€-1kNet result 2020: €-3k€-3kOperating result 2021: €-2k€-2kNet result 2021: €-2k€-2kOperating result 2022: €15k€15kNet result 2022: €14k€14k2018202020212022
Operating resultNet result
Net profit
€14k
- far above sector median
Total assets
€41k
+2306.3% -84% vs sector
Equity
€8k
+494.5% -81% vs sector
Working capital
€8k
+494.5% -92% vs sector
Income taxes
€1k
- -86% vs sector
Debt
€33k
+9318.4% -85% vs sector
Debt ≤ 1y
€33k
+9318.4% -73% vs sector
Current ratio
1.24
-74.5% -18% vs sector
Quick ratio
1.24
-74.5% -16% vs sector
Solvency
19.6%
-75.3% +25% vs sector
Debt / equity
4.09
+1484.3% +15% vs sector
ROE
170.9%
- far above sector median
ROA
33.5%
- far above sector median
Figures by fiscal year
Fiscal year2022
Revenue-
EBITDA-
Net profit€14k
Cash flow-
Staff costs-
Income taxes€1k
Dividends-
Total assets€41k
Equity€8k
Debt€33k
of which ≤ 1y€33k
of which > 1y-
Working capital€8k
Employees (FTE)-
Ratios (computed)
2022
Current ratio1.24
Quick ratio1.24
Working capital ratio19.6%
Solvency19.6%
Debt / equity4.09
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA33.5%
ROE170.9%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2022
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2022
Balance sheet, Assets
TOTAL ASSETS 20/58€41k
Current assets 29/58€41k
Amounts receivable within one year 40/41€41k
Cash & bank 54/58€7
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€41k
Equity 10/15€8k
Contributions / capital 10/11€6k
Accumulated profits (losses) 14€2k
Amounts payable 17/49€33k
Amounts payable within one year 42/48€33k
Trade debts payable within one year 44€25k
Income statement
Gross operating margin 9900€15k
Operating result 9901€15k
Financial charges 65€7
Result before taxes 9903€15k
Income taxes 67/77€1k
Net result for the period 9904€14k
Result to be appropriated 9905€14k
You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary 61200
Legal form Private limited company(610)
Incorporation23-05-2017
StatusActive
Postal code9090
Establishment units 1 location
Wok Solutions
Koningin Elisabethlaan 108, 9820 Merelbeke-MelleHouwen, bewerken en afwerken van natuursteen
since 20172.265.940.685
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

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.

Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44024A0338/00H000 Flanders 585 m² 1 · 89 m² 10.8 m · 2 fl.
44043A0161/00W011 Flanders 506 m² 1 · 90 m² 10.4 m · 2 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 8 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
18-06-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
2024
07-10-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
2023
10-10-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
25-09-2023
NBB filing Annual accounts filed
fiscal year 2021 · micro
2022
25-03-2022
State Gazette act Director changes
2021
01-07-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
31-07-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
2019
31-07-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 4 years ago
2022
25-03-2022 1 director appointed, 1 resigning Director changes
  • lon Buzdugan, Bestuurder
  • Alexandr Caradjov, Bestuurder
Technical details 
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      },
      "reason": "de_plein_droit_dissolution",
      "subkind": "regular",
      "via_org": null,
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      "effective_date": "2022-03-17",
      "evidence_quote": "De enige aandeelhouder neemt kennis van het ontslag uit de functie van bestuurder van de heer Alexandr Caradjov. Dit ontslag gaat in op heden.",
      "decharge_status": null,
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    },
    {
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        "name": "lon Buzdugan",
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      "decharge_status": null,
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      "evidence_quote": "lon Buzdugan Bestuurder",
      "decharge_status": null,
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    },
    {
      "kind": "decharge_granted",
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      "decharge_status": "granted",
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    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2022-03-25",
    "filing_date": "2022-03-17",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "bijzondere_algemene_vergadering",
      "date": "2022-02-15",
      "unanimous": true
    },
    {
      "body": "enig_aandeelhouder_schriftelijk",
      "date": "2022-02-15",
      "unanimous": true
    },
    {
      "body": "enige_bestuurder",
      "date": "2022-02-15",
      "unanimous": true
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0675.934.008",
    "name_full": "Work Solutions",
    "legal_form": "BV"
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  "publication_proxy": {
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  "co_filed_documents": [],
  "corrected_publication_numac": null
}
Credit advice verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Wederverkoop van telecommunicatie en bemiddelingsactiviteiten in verband met telecommunicatie61200Overige telecommunicatie61900Ontwerpen en programmeren van computerprogramma's62010Ontwerpen van computerprogramma’s62100
Primary activity highlighted.
Names & trade names
Legal nameNL Work Solutions
Registered office
Geraardsbergsesteenweg 129
9090 Merelbeke-Melle, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative