WORKFORCE
Dissolution or liquidationSummary
The KBO register records for WORKFORCE the legal situation: dissolution or liquidation; this is today's state according to the register itself, which carries no start date. The 2020 annual accounts show equity of €69,872 and a net result of €11,172.
Signals
1 signal.
+raises risk
Checked, nothing found (1)
History
Financials · fiscal year 2020, abbreviated schema
Turnover
€1.1m▼ 9.8%
2019 · €1.3m
EBIT margin
2.8%▼ 1.8pp
2019 · 4.6%
Net result
€11,172▼ 68.9%
2019 · €35,902
Working capital
€74,728▲ 29.7%
2019 · €57,624
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
Line201820192020
Turnover€1.3m€1.1m▼ 9.8%
Operating result€13,492-€58,105▲ 331%€31,762▼ 45.3%
Net result€2,736-€35,902▲ 1,212%€11,172▼ 68.9%
EBIT margin4.6%2.8%▼ 1.8pp
Equity€22,798-€58,700▲ 157%€69,872▲ 19.0%
Total assets€422,417-€213,803▼ 49.4%€240,408▲ 12.4%
Debt€399,619-€155,103▼ 61.2%€170,536▲ 9.9%
Working capital€17,433-€57,624▲ 231%€74,728▲ 29.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2020; 2020 is 45% below 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €240,408
Fixed assets
€6,970 ▼ 43.4%
Current assets
€233,438 ▲ 15.9%
Equity and liabilities €240,408
Equity
€69,872 ▲ 19.0%
Debt
€170,536 ▲ 9.9%
Debt's share of the balance-sheet total falls from 72.5% to 70.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€38,105▼
2019 · €64,217
Cash flow
€17,515▼
2019 · €42,014
Current ratio
1.47▲
2019 · 1.40
Debt to equity
2.44▲
2019 · 0.19
ROE
16.0%▼
2019 · 61.2%
ROA
4.6%▼
2019 · 16.8%
Interest coverage
2.67
Debt ≤ 1 year
€158,710▲
2019 · €143,861
Debt > 1 year
€5,146▼
2019 · €11,242
Income taxes
€6,512▼
2019 · €16,568
Staff costs
€23,669
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Turnover70 | - | €1.3m | €1.1m | ▼ 9.8% |
| Goods, raw materials, services and sundry goods60/61 | - | - | €1.1m | - |
| Remuneration, social security and pensions62 | - | - | €23,669 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,572 | €6,112 | €6,343 | ▲ 3.8% |
| Other operating charges640/8 | - | - | €2,354 | - |
| Gross operating margin9900 | €22,159 | €85,227 | €64,128 | ▼ 24.8% |
| Operating profit (loss)9901 | €13,492 | €58,105 | €31,762 | ▼ 45.3% |
| Financial income75/76B | - | - | €217 | - |
| Recurring financial income75 | €162 | €0 | €217 | ▲ 541,225% |
| Financial charges65/66B | - | - | €14,294 | - |
| Recurring financial charges65 | €8,845 | €5,635 | €14,294 | ▲ 154% |
| Profit (loss) for the period before taxes9903 | €4,810 | €52,471 | €17,684 | ▼ 66.3% |
| Income taxes67/77 | €2,074 | €16,568 | €6,512 | ▼ 60.7% |
| Profit (loss) for the period9904 | €2,736 | €35,902 | €11,172 | ▼ 68.9% |
| Profit (loss) for the period to be appropriated9905 | €2,736 | €35,902 | €11,172 | ▼ 68.9% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €422,417 | €213,803 | €240,408 | ▲ 12.4% |
| Fixed assets21/28 | €16,608 | €12,318 | €6,970 | ▼ 43.4% |
| Tangible fixed assets22/27 | €16,512 | €12,022 | €6,674 | ▼ 44.5% |
| Plant, machinery and equipment23 | - | - | €416 | - |
| Furniture and vehicles24 | - | - | €788 | - |
| Leasing and similar rights25 | - | - | €5,470 | - |
| Financial fixed assets28 | €96 | €296 | €296 | = |
| Current assets29/58 | €405,809 | €201,486 | €233,438 | ▲ 15.9% |
| Amounts receivable within one year40/41 | €401,587 | €182,335 | €223,106 | ▲ 22.4% |
| Trade receivables40 | - | - | €123,371 | - |
| Other amounts receivable41 | - | - | €99,735 | - |
| Current investments50/53 | €4,103 | €4,106 | €4,106 | = |
| Cash at bank and in hand54/58 | €82 | €15,045 | €6,226 | ▼ 58.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €422,417 | €213,803 | €240,408 | ▲ 12.4% |
| Equity10/15 | €22,798 | €58,700 | €69,872 | ▲ 19.0% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | - | €6,200 | - |
| Issued capital100 | - | - | €18,600 | - |
| Uncalled capital101 | - | - | €12,400 | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | - |
| Legal reserve130 | - | - | €1,860 | - |
| Profit (loss) carried forward14 | €14,738 | €50,640 | €61,812 | ▲ 22.1% |
| Amounts payable17/49 | €399,619 | €155,103 | €170,536 | ▲ 9.9% |
| Amounts payable after more than one year17 | €11,242 | €11,242 | €5,146 | ▼ 54.2% |
| Financial debts170/4 | - | - | €5,146 | - |
| Amounts payable within one year42/48 | €388,375 | €143,861 | €158,710 | ▲ 10.3% |
| Trade debts44 | €359,600 | €106,141 | €137,707 | ▲ 29.7% |
| Suppliers440/4 | - | - | €137,707 | - |
| Taxes, remuneration and social security45 | - | - | €21,003 | - |
| Taxes450/3 | - | - | €21,003 | - |
| Remuneration and social security454/9 | - | - | €0 | - |
| Accrued charges and deferred income492/3 | - | - | €6,680 | - |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,736 | €35,902 | €11,172 | ▼ 68.9% |
| + Depreciation and write-downs630 | €5,572 | €6,112 | €6,343 | ▲ 3.8% |
| Operating cash flow (approximation) | €8,307 | €42,014 | €17,515 | ▼ 58.3% |
| Investment in fixed assets (approximation) | - | -€1,822 | -€995 | ▲ 45.4% |
| Change in cash | - | €14,963 | -€8,819 | ▼ 159% |
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
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 361 days late
2021
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 403 days late
2020
03-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 187 days late
2019
31-12
Financial
Highest result since 2018net €35,902 ▲1,212%
Operating result €58,105, net result €35,902, both a record.
01-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 213 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, Sint-Pieters-Leeuw · 1 establishment unit since 2017
Ground area
512 m²
Building footprint
113 m²
Volume, LiDAR
610 m³
Parcel 23583H0689/00E002, Flanders · tallest building 11.0 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
WORKFORCE
since 20172.262.502.828
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23583H0689/00E002 | Flanders | 512 m² | 1 · 113 m² | 11.0 m · 1 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.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded25-01-2017
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.