Financials
- Financial year
- 2024
- Total assets
- €998,114
- Loss
- -€53,052
- Solvency
- 37.8%
Total assets▼ 4.4%
Net result
20182024
WORKING GROUP
ActiveSummary
The computed 12-month bankruptcy probability of WORKING GROUP is 2.5% (moderate). The 2024 annual accounts show equity of €377,774 and a net result of -€53,052. Equity is shrinking by about 5.6% per year across the filed financial years. Its solvency ranks better than 55% of 19,390 sector peers (NACE 68, financial year 2024). The company has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Renting and operating of own or leased non-residential real estate, excluding land
NACE 68203
#2 oldest company in Hooglede, Real estate sector2 sites
Size
€998,114total assets 2024
- Equity
- €377,774
- Loss
- -€53,052
Turnover not published (micro format)
Structure
Accounts 70 days overdue0 of 5 deeds read
Why 51raises riskLiquidity: current ratio 0.01, cash €224Figures for financial year 2024 (filed 11-12-2025)1 financial year not filed after the legal deadline; latest accounts 133 days late; 1 of the last 3 latelowers riskFounded in 1988Show the evidence
Checked score
Score 2024
51
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 30% of its sector peers (NACE 68, micro)
Financial strength · tick = 2023
Weak
Solvency
63-3
equity 37.8% of total assets
Liquidity
31-2
short-term debt 40.8% · cash 0.0%
Profitability
13=
return on assets -5.3%
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.4%lowest value
12-2024: 0.4%● unchanged vs 11-2024lowest value
01-2025: 0.4%● unchanged vs 12-2024lowest value
02-2025: 0.4%● unchanged vs 01-2025lowest value
03-2025: 0.4%● unchanged vs 02-2025lowest value
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.5%▲ +0.1 percentage points vs 06-2025
08-2025: 0.9%▲ +0.4 percentage points vs 07-2025
09-2025: 1.1%▲ +0.2 percentage points vs 08-2025
10-2025: 1.8%▲ +0.7 percentage points vs 09-2025
11-2025: 1.9%▲ +0.1 percentage points vs 10-2025
12-2025: 2.4%▲ +0.5 percentage points vs 11-2025
01-2026: 1.1%▼ -1.3 percentage points vs 12-2025
02-2026: 1.1%● unchanged vs 01-2026
03-2026: 1.1%● unchanged vs 02-2026
04-2026: 1.1%● unchanged vs 03-2026
05-2026: 1.1%● unchanged vs 04-2026
06-2026: 1.0%▼ -0.1 percentage points vs 05-2026
07-2026: 1.0%● unchanged vs 06-2026
08-2026: 1.7%▲ +0.7 percentage points vs 07-2026
09-2026: 1.8%▲ +0.1 percentage points vs 08-2026
10-2026: 2.5%▲ +0.7 percentage points vs 09-2026highest value
Credit of up to €19,000 on 30-day terms, only on tighter conditions
Liquidity insufficient (current ratio 0.01, compared with 0.3 in 2023; short-term debt: 40.8% and cash: 0% of total assets), and 62.2% of the assets are financed with debt.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro): better than 55% on solvency, 23% on liquidity, 15% on profitability and 26% on growth.
The bankruptcy probability was computed on 09-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Six signals.
−lowers risk+raises risk
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€53,052
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-12-2025, 133 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
133 days late
2023
23 days early
2022
13 days early
2021
15 days early
2020
9 days early
2019
9 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 11 days after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2024 · micro…
- Weakest financial yearnet -€53,052
- Annual accounts filedfinancial year 2023 · micro…
Key points
By topic
Timeline
- Events
- 35
- Since
- 1994
- 18-07-2023Annual accounts filed
- 31-12-2022Back to profit
- 16-07-2022Annual accounts filed
Company details
- Sites
- 2
- Legal form
- Public limited company
- Activity
- Renting and operating of own or leased non-residential…NACE 68203
- Founded
- 04-08-1988
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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