WorkBelgium
ActiveSummary
WorkBelgium has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13,494 and a net result of €23,829. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 27% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency50▲+9
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.82 against 0.78 in 2024; short-term debt: 75% and cash: 25.7% of total assets), and 75% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
25%
Return on assets
44.2%
Age of the figures
9 mo
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 23-07-2026, 8 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
8 d early
2024
29 d early
2023
27 d early
2022
10 d late
2021
171 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 23 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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 23 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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 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 How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€13,494▲ 39.6%
2024 · €9,665
Total assets
€53,889▼ 8.7%
2024 · €59,048
Net result
€23,829▼ 52.0%
2024 · €49,691
Working capital
-€7,124▲ 34.1%
2024 · -€10,811
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€20,381-€8,164▼ 59.9%€38,655▲ 373%€60,729▲ 57.1%€31,778▼ 47.7%
Net result€12,996within the sector's middle half--€18,747below the sector's middle half-€18,475below the sector's middle half▲ 1.4%€49,691within the sector's middle half€23,829within the sector's middle half▼ 52.0%
Equity€17,196below the sector's middle half--€1,551below the sector's middle half-€20,026below the sector's middle half▼ 1,191%€9,665below the sector's middle half€13,494below the sector's middle half▲ 39.6%
Total assets€43,989below the sector's middle half-€36,406below the sector's middle half▼ 17.2%€45,245below the sector's middle half▲ 24.3%€59,048below the sector's middle half▲ 30.5%€53,889below the sector's middle half▼ 8.7%
Debt€26,794-€37,957▲ 41.7%€65,271▲ 72.0%€49,383▼ 24.3%€40,395▼ 18.2%
Working capital-€5,586below the sector's middle half--€27,233below the sector's middle half▼ 388%-€47,788below the sector's middle half▼ 75.5%-€10,811below the sector's middle half▲ 77.4%-€7,124below the sector's middle half▲ 34.1%
Solvency39.1%within the sector's middle half--4.3%below the sector's middle half▼ 43.4pp-44.3%below the sector's middle half▼ 40.0pp16.4%below the sector's middle half▲ 60.6pp25.0%within the sector's middle half▲ 8.7pp
Current ratio0.73below the sector's middle half-0.23below the sector's middle half▼ 0.500.27below the sector's middle half▲ 0.030.78below the sector's middle half▲ 0.510.82below the sector's middle half▲ 0.04
Return on assets (ROA)29.5%above the sector's middle half--51.5%below the sector's middle half▼ 81.0pp-40.8%below the sector's middle half▲ 10.7pp84.2%above the sector's middle half▲ 125.0pp44.2%above the sector's middle half▼ 39.9pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 48% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €53,889
Fixed assets
€20,618 ▲ 0.7%
Current assets
€33,271 ▼ 13.7%
Equity and liabilities €53,889
Equity
€13,494 ▲ 39.6%
Debt
€40,395 ▼ 18.2%
Debt's share of the balance-sheet total falls from 83.6% to 75.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€37,329▼
2024 · €65,423
Cash flow
€29,380▼
2024 · €54,385
Debt to equity
2.99▼
2024 · 5.11
ROE
176.6%▼
2024 · 514.1%
Interest coverage
59.70▼
2024 · 105.04
Debt ≤ 1 year
€40,395▼
2024 · €49,383
Income taxes
€7,578▼
2024 · €10,599
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,706 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 6,706 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 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,679 | €6,341 | €7,042 | €4,694 | €5,551 | ▲ 18.3% |
| Other operating charges640/8 | €2,260 | €4,178 | €4,849 | €1,167 | €808 | ▼ 30.7% |
| Gross operating margin9900 | €30,319 | €18,683 | €50,546 | €66,590 | €38,137 | ▼ 42.7% |
| Operating profit (loss)9901 | €20,381 | €8,164 | €38,655 | €60,729 | €31,778 | ▼ 47.7% |
| Financial income75/76B | €46 | €154 | €184 | €184 | €254 | ▲ 38.1% |
| Recurring financial income75 | €46 | €154 | €184 | €184 | €254 | ▲ 38.1% |
| Financial charges65/66B | €594 | €26,924 | €57,168 | €623 | €625 | ▲ 0.4% |
| Recurring financial charges65 | €594 | €26,924 | €57,168 | €623 | €625 | ▲ 0.4% |
| Profit (loss) for the period before taxes9903 | €19,833 | -€18,606 | -€18,330 | €60,290 | €31,407 | ▼ 47.9% |
| Income taxes67/77 | €6,837 | €141 | €145 | €10,599 | €7,578 | ▼ 28.5% |
| Profit (loss) for the period9904 | €12,996 | -€18,747 | -€18,475 | €49,691 | €23,829 | ▼ 52.0% |
| Profit (loss) for the period to be appropriated9905 | €12,996 | -€18,747 | -€18,475 | €49,691 | €23,829 | ▼ 52.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €43,989 | €36,406 | €45,245 | €59,048 | €53,889 | ▼ 8.7% |
| Fixed assets21/28 | €28,941 | €28,097 | €27,762 | €20,476 | €20,618 | ▲ 0.7% |
| Tangible fixed assets22/27 | €28,941 | €28,097 | €27,762 | €20,476 | €20,618 | ▲ 0.7% |
| Furniture and vehicles24 | €13,893 | €10,363 | €10,886 | €3,597 | €2,780 | ▼ 22.7% |
| Other tangible fixed assets26 | €15,048 | €17,734 | €16,876 | €16,879 | €17,838 | ▲ 5.7% |
| Current assets29/58 | €15,048 | €8,308 | €17,483 | €38,572 | €33,271 | ▼ 13.7% |
| Amounts receivable within one year40/41 | €12,022 | €1,119 | €2,683 | €13,854 | €17,387 | ▲ 25.5% |
| Trade receivables40 | €11,162 | €834 | €2,633 | €13,854 | €13,742 | ▼ 0.8% |
| Other amounts receivable41 | €859 | €285 | €50 | - | €3,645 | - |
| Cash at bank and in hand54/58 | €1,714 | €5,741 | €14,410 | €22,781 | €13,840 | ▼ 39.2% |
| Deferred charges and accrued income490/1 | €1,313 | €1,449 | €390 | €1,937 | €2,044 | ▲ 5.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €43,989 | €36,406 | €45,245 | €59,048 | €53,889 | ▼ 8.7% |
| Equity10/15 | €17,196 | -€1,551 | -€20,026 | €9,665 | €13,494 | ▲ 39.6% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €12,196 | - | - | - | €8,494 | - |
| Distributable reserves133 | €12,196 | - | - | - | €8,494 | - |
| Profit (loss) carried forward14 | - | -€6,551 | -€25,026 | €4,665 | - | - |
| Amounts payable17/49 | €26,794 | €37,957 | €65,271 | €49,383 | €40,395 | ▼ 18.2% |
| Amounts payable after more than one year17 | €6,159 | €2,415 | - | - | - | - |
| Financial debts170/4 | €6,159 | €2,415 | - | - | - | - |
| Amounts payable within one year42/48 | €20,634 | €35,541 | €65,271 | €49,383 | €40,395 | ▼ 18.2% |
| Current portion of amounts payable after more than one year42 | €4,014 | €3,744 | €2,072 | - | - | - |
| Trade debts44 | €2,377 | €10,686 | €8,441 | €4,035 | €5,152 | ▲ 27.7% |
| Suppliers440/4 | €2,377 | €10,686 | €8,441 | €4,035 | €5,152 | ▲ 27.7% |
| Taxes, remuneration and social security45 | €13,444 | €12,071 | €5,611 | €13,593 | €18,244 | ▲ 34.2% |
| Taxes450/3 | €13,444 | €12,071 | €5,611 | €13,593 | €18,244 | ▲ 34.2% |
| Other amounts payable47/48 | €800 | €9,040 | €49,148 | €31,755 | €17,000 | ▼ 46.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,996 | -€18,747 | -€18,475 | €49,691 | €23,829 | ▼ 52.0% |
| + Depreciation and write-downs630 | €7,679 | €6,341 | €7,042 | €4,694 | €5,551 | ▲ 18.3% |
| Operating cash flow (approximation) | €20,675 | -€12,405 | -€11,433 | €54,385 | €29,380 | ▼ 46.0% |
| Investment in fixed assets (approximation) | - | -€5,498 | -€6,707 | €2,592 | -€5,693 | ▼ 320% |
| Change in cash | - | €4,027 | €8,670 | €8,371 | -€8,941 | ▼ 207% |
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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €49,691
Net result €49,691 after 2 loss-making years.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
18-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 171 days late
2022
31-12
Financial
Weakest financial yearnet -€18,747
Net result drops to -€18,747, the lowest in the series; recovery starts the following year.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Etterbeek · 1 establishment unit since 2020
Ground area
126 m²
Building footprint
74 m²
Volume, LiDAR
757 m³
Parcel 21364B0003/00B006, Brussels · tallest building 16.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
WorkBelgium
since 20202.301.041.522
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21364B0003/00B006 | Brussels | 126 m² | 1 · 73 m² | 16.1 m · 4 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.
Recognitions · licences · registrations
Legal Entity Identifier
254900YRK394C2L0R513
Similar companies · same sector, comparable size
GOOD POINT
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MO BOUW
BE 0793.903.329
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BERON & XS
BE 0457.159.713
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ANNA B REWARDS
BE 0737.906.318
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,629. 26,304 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
Founded04-03-2020
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
E-mail
ht@workbelgium.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0744732148
Also
9925:BE0744732148
Registered
30-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.