WORKIN'PROCESS
ActiveSummary
WORKIN'PROCESS has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €49,731 and a net result of €28,279. Equity is growing by ~32.1% per year across the filed fiscal years. Its solvency ranks better than 82% of 83 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+45
Solvency100▲+12
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 3.42 against 1.52 in 2024; short-term debt: 23.5% and cash: 46.3% of total assets), and 23.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 24
Relative position
BE, all sectors
reference
Manufacture of basic metals (NACE 24)
about 47% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
76.4%
Return on assets
43.5%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
31 d early
2023
29 d early
2022
19 d early
2021
31 d early
2020
1 d early
2019
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 19 days before the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 29% 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€49,731▲ 132%
2024 · €21,452
Total assets
€65,067▲ 89.9%
2024 · €34,266
Net result
€28,279▲ 2,065%
2024 · €1,306
Working capital
€37,087▲ 458%
2024 · €6,643
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
Line20212022202320242025
Operating result€3,170▲ 647%€21,949▲ 592%€3,905▼ 82.2%€6,433▲ 64.7%€39,474▲ 514%
Net result€441€15,493▲ 3,411%-€805€1,306€28,279▲ 2,065%
Equity€5,458▲ 8.8%€20,951▲ 284%€20,146▼ 3.8%€21,452▲ 6.5%€49,731▲ 132%
Total assets€27,354▲ 47.8%€36,800▲ 34.5%€42,361▲ 15.1%€34,266▼ 19.1%€65,067▲ 89.9%
Debt€21,896▲ 62.4%€15,849▼ 27.6%€22,215▲ 40.2%€12,814▼ 42.3%€15,336▲ 19.7%
Working capital-€980▼ 237%€16,691€3,073▼ 81.6%€6,643▲ 116%€37,087▲ 458%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 514% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €65,067
Fixed assets
€12,670 ▼ 14.4%
Current assets
€52,396 ▲ 169%
Equity and liabilities €65,067
Equity
€49,731 ▲ 132%
Debt
€15,336 ▲ 19.7%
Debt's share of the balance-sheet total falls from 37.4% to 23.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€44,694▲
2024 · €11,187
Cash flow
€33,499▲
2024 · €6,061
Current ratio
3.42▲
2024 · 1.52
Debt to equity
0.31▼
2024 · 0.60
ROE
56.9%▲
2024 · 6.1%
ROA
43.5%▲
2024 · 3.8%
Interest coverage
14.42▲
2024 · 3.73
Debt ≤ 1 year
€15,310▲
2024 · €12,814
Income taxes
€8,123▲
2024 · €2,163
Staff costs
€173▼
2024 · €180
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €328 | €475 | -€50 | €180 | €173 | ▼ 3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,777 | €2,178 | €2,846 | €4,754 | €5,220 | ▲ 9.8% |
| Other operating charges640/8 | €1,156 | €966 | €1,303 | €1,387 | €1,056 | ▼ 23.9% |
| Gross operating margin9900 | €6,431 | €25,568 | €8,004 | €12,755 | €45,923 | ▲ 260% |
| Operating profit (loss)9901 | €3,170 | €21,949 | €3,905 | €6,433 | €39,474 | ▲ 514% |
| Financial income75/76B | €12 | - | €10 | €35 | €28 | ▼ 21.2% |
| Recurring financial income75 | €12 | - | €10 | €35 | €28 | ▼ 21.2% |
| Financial charges65/66B | €1,019 | €1,127 | €3,759 | €2,999 | €3,100 | ▲ 3.4% |
| Recurring financial charges65 | €1,019 | €1,127 | €3,759 | €2,999 | €3,100 | ▲ 3.4% |
| Profit (loss) for the period before taxes9903 | €2,163 | €20,823 | €157 | €3,469 | €36,401 | ▲ 949% |
| Income taxes67/77 | €1,722 | €5,330 | €962 | €2,163 | €8,123 | ▲ 275% |
| Profit (loss) for the period9904 | €441 | €15,493 | -€805 | €1,306 | €28,279 | ▲ 2,065% |
| Profit (loss) for the period to be appropriated9905 | €441 | €15,493 | -€805 | €1,306 | €28,279 | ▲ 2,065% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €27,354 | €36,800 | €42,361 | €34,266 | €65,067 | ▲ 89.9% |
| Fixed assets21/28 | €6,438 | €4,260 | €17,073 | €14,809 | €12,670 | ▼ 14.4% |
| Tangible fixed assets22/27 | €6,438 | €4,260 | €17,073 | €14,809 | €12,670 | ▼ 14.4% |
| Land and buildings22 | €823 | €705 | €588 | €470 | €353 | ▼ 25.0% |
| Furniture and vehicles24 | €5,615 | €3,555 | €16,485 | €14,338 | €12,318 | ▼ 14.1% |
| Current assets29/58 | €20,916 | €32,540 | €25,288 | €19,458 | €52,396 | ▲ 169% |
| Amounts receivable within one year40/41 | €127 | €1,743 | €4,512 | €72 | €22,173 | ▲ 30,632% |
| Trade receivables40 | - | €1,743 | €0 | €72 | €19,193 | ▲ 26,501% |
| Other amounts receivable41 | €127 | - | €4,512 | €0 | €2,981 | - |
| Cash at bank and in hand54/58 | €18,766 | €28,590 | €19,248 | €17,744 | €30,158 | ▲ 70.0% |
| Deferred charges and accrued income490/1 | €2,023 | €2,208 | €1,528 | €1,642 | €65 | ▼ 96.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €27,354 | €36,800 | €42,361 | €34,266 | €65,067 | ▲ 89.9% |
| Equity10/15 | €5,458 | €20,951 | €20,146 | €21,452 | €49,731 | ▲ 132% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €4,691 | €14,751 | €13,946 | €15,252 | €43,531 | ▲ 185% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €2,831 | €12,891 | €12,086 | €13,392 | €41,671 | ▲ 211% |
| Profit (loss) carried forward14 | -€5,433 | - | - | - | - | - |
| Amounts payable17/49 | €21,896 | €15,849 | €22,215 | €12,814 | €15,336 | ▲ 19.7% |
| Amounts payable within one year42/48 | €21,896 | €15,849 | €22,215 | €12,814 | €15,310 | ▲ 19.5% |
| Financial debts43 | €679 | - | - | - | - | - |
| Credit institutions430/8 | €679 | - | - | - | - | - |
| Trade debts44 | €2,627 | €1,338 | €1,976 | €0 | €3,841 | - |
| Suppliers440/4 | €2,627 | €1,338 | €1,976 | €0 | €3,841 | - |
| Taxes, remuneration and social security45 | €15,961 | €14,420 | €20,239 | €10,119 | €11,469 | ▲ 13.3% |
| Taxes450/3 | €7,081 | €14,420 | €16,305 | €10,119 | €11,469 | ▲ 13.3% |
| Remuneration and social security454/9 | €8,880 | - | €3,934 | €0 | - | - |
| Other amounts payable47/48 | €2,628 | €91 | €0 | €2,695 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | - | €26 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €441 | €15,493 | -€805 | €1,306 | €28,279 | ▲ 2,065% |
| + Depreciation and write-downs630 | €1,777 | €2,178 | €2,846 | €4,754 | €5,220 | ▲ 9.8% |
| Operating cash flow (approximation) | €2,218 | €17,671 | €2,040 | €6,061 | €33,499 | ▲ 453% |
| Investment in fixed assets (approximation) | - | €0 | -€15,658 | -€2,490 | -€3,082 | ▼ 23.7% |
| Change in cash | - | €9,824 | -€9,342 | -€1,504 | €12,414 | ▲ 925% |
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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €28,279 ▲2,065%
Operating result €39,474, net result €28,279, both a record.
31-12
Financial
Liquidity doublescurrent ratio 3.42
Current ratio from 1.52 to 3.42.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €1,306
Net result €1,306 after one loss-making year.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 2.05
Current ratio from 0.96 to 2.05; short-term debt falls from €21,896 to €15,849.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €441
Net result €441 after 3 loss-making years.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 6 days late
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 14 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2010
Ground area
224 m²
Building footprint
75 m²
Volume, LiDAR
446 m³
Parcel 46502D1083/00R002, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Cstudio's
since 20102.192.353.715
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46502D1083/00R002 | Flanders | 224 m² | 1 · 75 m² | 10.5 m · 2 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.
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Of 191 companies in sector 24100 we hold annual accounts for 134. 58 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
Founded20-07-2010
Fiscal year end31-12
Activities, NACEBEL 2025
24100Manufacture of basic metals
24200Manufacture of basic metals
59202Motion picture, video and television programme production, sound recording and music publishing activities
Scores and ratios are computed by Checked and are not a credit decision.