WORKERO
BankruptcySummary
The KBO register records for WORKERO the legal situation: open bankruptcy; this is today's state according to the register itself, which carries no start date. The 2024 annual accounts show negative equity (€-1.47M) and a net result of €5.12M.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 2832 sector peers (2024).
NBB · sector comparisonPosition among 2832 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-10-2025, 88 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
88 d late
2023
26 d early
2022
32 d early
2021
11 d early
2020
29 d early
2019
25 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€-1.47M▲ 77.7%
2023 · €-6.59M
2018: €654k
2019: €-653k
2020: €-1.95M
2021: €-3.36M
2022: €-5.08M
2023: €-6.59M
2018 → 2024
Total assets
€974k▼ 32.7%
2023 · €1.45M
2018: €1.31M
2019: €1.49M
2020: €1.50M
2021: €1.50M
2022: €1.32M
2023: €1.45M
2018 → 2024
Net result
€5.12M
2023 · €-1.51M
2018: €-1.01M
2019: €-1.31M
2020: €-1.30M
2021: €-1.41M
2022: €-1.71M
2023: €-1.51M
2018 → 2024
Working capital
€-937k▼ 4.9%
2023 · €-893k
2018: €-44k
2019: €-5k
2020: €-8k
2021: €-73k
2022: €-239k
2023: €-893k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-1.95M-€-3.36M▼ 72.3%€-5.08M▼ 51.0%€-6.59M▼ 29.8%€-1.47M▲ 77.7%
Operating result€-1.17M-€-1.23M▼ 5.3%€-1.50M▼ 21.6%€-1.22M▲ 18.5%€-544k▲ 55.5%
Net result€-1.30M-€-1.41M▼ 8.7%€-1.71M▼ 21.4%€-1.51M▲ 11.6%€5.12M
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €544k in 2024 against €1.22M in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €974k
Fixed assets
€909k ▼ 29.6%
Current assets
€65k ▼ 58.4%
Key figures and ratios
EBITDA
€-152k▲
2023 · €-823k
Cash flow
€5.51M▲
2023 · €-1.12M
Solvency
-151.0%▲
2023 · -455.0%
Current ratio
0.06▼
2023 · 0.15
Debt to equity
-1.66▼
2023 · -1.22
ROA
525.4%▲
2023 · -104.5%
Interest coverage
-0.47▲
2023 · -2.82
Debt
€2.45M▼
2023 · €8.04M
Debt ≤ 1 year
€1.00M▼
2023 · €1.05M
Debt > 1 year
€1.38M▼
2023 · €6.70M
Income taxes
€52▼
2023 · €425
Staff costs
€201k▼
2023 · €274k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.45M€974k▼
Fixed assets21/28€1.29M€909k▼
Intangible fixed assets21€1.29M€906k▼
Tangible fixed assets22/27€3k€3k▼
Furniture and vehicles24€3k€3k▼
Financial fixed assets28€363€363=
Current assets29/58€156k€65k▼
Amounts receivable within one year40/41€109k€45k▼
Trade receivables40€76k€39k▼
Other amounts receivable41€34k€6k▼
Cash at bank and in hand54/58€21k€13k▼
Deferred charges and accrued income490/1€26k€7k▼
Equity and liabilities
Total equity and liabilities10/49€1.45M€974k▼
Equity10/15€-6.59M€-1.47M▲
Contributions10/11€1.67M€1.67M=
Capital10€1.67M€1.67M=
Issued capital100€1.67M€1.67M=
Profit (loss) carried forward14€-8.26M€-3.14M▲
Amounts payable17/49€8.04M€2.45M▼
Amounts payable after more than one year17€6.70M€1.38M▼
Financial debts170/4€6.70M€1.38M▼
Amounts payable within one year42/48€1.05M€1.00M▼
Current portion of amounts payable after more than one year42€19k-
Financial debts43€7k€1k▼
Credit institutions430/8€7k€1k▼
Trade debts44€846k€835k▼
Suppliers440/4€846k€835k▼
Taxes, remuneration and social security45€47k€36k▼
Taxes450/3€12k€8k▼
Remuneration and social security454/9€35k€28k▼
Other amounts payable47/48€130k€130k=
Accrued charges and deferred income492/3€291k€68k▼
Income statement
Code20232024
Remuneration, social security and pensions62€274k€201k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€399k€392k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-5k€1k▲
Other operating charges640/8€7k€3k▼
Gross operating margin9900€-548k€54k▲
Operating profit (loss)9901€-1.22M€-544k▲
Financial income75/76B€193€5.99M▲
Recurring financial income75€193€5.99M▲
Financial charges65/66B€292k€323k▲
Recurring financial charges65€292k€323k▲
Profit (loss) for the period before taxes9903€-1.51M€5.12M▲
Income taxes67/77€425€52▼
Profit (loss) for the period9904€-1.51M€5.12M▲
Profit (loss) for the period to be appropriated9905€-1.51M€5.12M▲
Appropriation of the result
Profit (loss) to be appropriated9906€-8.26M€-3.14M▲
Profit (loss) brought forward from the previous period14P€-6.74M€-8.26M▼
Social balance
Average headcount (FTE)90874.33.1▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 88 days late
2024
31-12
Financial
Back to profitnet €5.12M
Net result €5.12M after 6 loss-making years.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-1.71M
Net result drops to €-1.71M, the lowest in the series.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Brussel · 3 establishment units since 2017
Ground area
2.4 ha
Building footprint
6,879 m²
Volume, LiDAR
166,520 m³
3 parcels, Brussels, Flanders · tallest building 45.7 m, ±14 floors. Linked by address, not a title deed.
355
companies at this address
See who is registered here
3 establishment units
WORKERO
since 20172.272.552.028
WORKERO ANTWERP EAST
since 20192.301.085.369
WORKERO BRUSSELS AIRPORT
since 20202.301.085.567
3 parcels
Flanders
2
(66.7%)
Brussels
1
(33.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11052C0585/00T002 | Flanders | 1.0 ha | 1 · 2,288 m² | 14.7 m · 4 fl. |
| 23094D0111/00M002 | Flanders | 8,965 m² | 1 · 1,730 m² | 45.7 m · 14 fl. |
| 21805E0475/00F000 | Brussels | 4,653 m² | 1 · 2,861 m² | 34.5 m · 9 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
European research
1 project · 1 as coordinator · 50,000 EUR EU contributionProgrammes
Horizon 2020
Projects
WORKERO – Connecting Space & Knowledge
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Of 16,879 companies in sector 62100 we hold annual accounts for 8,771. 5,030 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded28-09-2017
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management
63910Web portal activities
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:dirk@workero.com
Business parks
2 parksOffers a parcel on business park:Strombeek-Bever West
Offers a parcel on business park:Zaventem Noord