Working Projects
The computed 12-month bankruptcy probability of Working Projects is 6.1% (elevated). The 2024 annual accounts show negative equity (€-38k) and a net result of €-40k. Its solvency ranks better than 5% of 11043 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-38k |
| Net result | €-40k |
| Better than sector | 5% |
| Active | 2 yrs |
Mixed profile: strong on profitability, weaker on health.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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See plans →| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -444.4% | 40.9% | |
| Net result | €-40k | €11k | |
| Equity | €-38k | €34k | |
| Gross operating margin | €-31k | €35k | |
| Total assets | €8k | €93k |
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €-33k |
| Net profit | €-40k |
| Cash flow | €-33k |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €8k |
| Equity | €-38k |
| Debt | €46k |
| of which ≤ 1y | €46k |
| of which > 1y | - |
| Working capital | €-44k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 0.04 |
| Quick ratio | 0.04 |
| Working capital ratio | -521.7% |
| Solvency | -444.4% |
| Debt / equity | -1.23 |
| Long-term debt ratio | - |
| Interest coverage | -637.21 |
| Gross margin | - |
| Net margin | - |
| ROA | -468.0% |
| ROE | 105.3% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €8k |
| Fixed assets | 21/28 | €7k |
| Tangible fixed assets | 22/27 | €7k |
| Current assets | 29/58 | €2k |
| Amounts receivable within one year | 40/41 | €1k |
| Cash & bank | 54/58 | €576 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €8k |
| Equity | 10/15 | €-38k |
| Contributions / capital | 10/11 | €2k |
| Accumulated profits (losses) | 14 | €-40k |
| Amounts payable | 17/49 | €46k |
| Amounts payable within one year | 42/48 | €46k |
| Trade debts payable within one year | 44 | €11k |
| Income statement | ||
| Gross operating margin | 9900 | €-31k |
| Operating result | 9901 | €-40k |
| Financial income | 75 | €1 |
| Financial charges | 65 | €52 |
| Result before taxes | 9903 | €-40k |
| Net result for the period | 9904 | €-40k |
| Result to be appropriated | 9905 | €-40k |
Former directors (1)
-
Former- → 13-11-2024
| NACE primary | Specialised construction(43990) |
| Legal form | Private limited company(610) |
| Incorporation | 16-10-2023 |
| Status | Active |
| Postal code | 2160 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11052C0585/00T002 | Flanders | 1.0 ha | 1 · 2,288 m² | 14.7 m · 4 fl. |
| 11006A0386/00Z011 | Flanders | 92 m² | 1 · 63 m² | 8.9 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
09-03-2026 1 director appointed, 1 resigning
- Zafar Ali RAZZAQ BIBI, Bestuurder
- Jef MERCKX, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
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"name": "Jef MERCKX",
"address": "Van Leentstraat 45, 2140 Antwerpen",
"birth_date": null,
"profession": null,
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},
"reason": null,
"subkind": null,
"via_org": null,
"statutory": "niet_statutair",
"compensated": null,
"effective_date": "2026-02-01",
"evidence_quote": "De algemene vergadering beslist tot het ontslag van Jef MERCKX, met woonplaats te 2140 Antwerpen Van Leentstraat 45, als niet-statutaire bestuurder, en dit met ingang op 01/02/2026. De algemene vergadering verleent deze persoon kwijting voor de uitoefening van diens mandaat.",
"decharge_status": "granted",
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"effective_date_qualifier": "immediate"
},
{
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"birth_place": "08911 Badalona, Barcelona C. Orio 24 P01 1"
},
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"effective_date": "2026-02-01",
"evidence_quote": "De algemene vergadering beslist tot de benoeming van Zafar Ali RAZZAQ BIBI, met woonplaats te 08911 Badalona, Barcelona C. Orio 24 P01 1, als niet-statutaire bestuurder, en dit met ingang op 01/02/2026. Dit mandaat geldt voor onbepaalde duur. Het mandaat is onbezoldigd, tenzij de algemene vergaderin",
"decharge_status": null,
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{
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"evidence_quote": "De vergadering beslist dat de zetel van de vennootschap zal worden verplaatst van Van Leentstraat 45, 2140 Antwerpen naar Nijverheidsstraat 70, 2160 Wommelgem, en dit vanaf 01/02/2026.",
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"evidence_quote": "De algemene vergadering verleent volmacht aan BV Med Account BV, rechtspersoon met zetel te 2000 Antwerpen, Britselei 29 bus 101, RPR Antwerpen, afdeling Antwerpen, gekend in de \u041A\u0412\u041E onder nummer 0798.446.194, en aan diens aangestelden, voor onbepaalde tijd en tot aan de uitdrukkelijke herroeping, vo",
"decharge_status": "granted",
"mandate_duration": null,
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},
{
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"evidence_quote": "De algemene vergadering verleent voor onbepaalde tijd volmacht aan iedere ontslagen bestuurder om, ook na zijn ontslag, namens de rechtspersoon de acties te stellen die nodig zijn voor de publicatie in het Belgisch Staatsblad en de Kruispuntbank van Ondernemingen van alle ontslagen waartoe in deze v",
"decharge_status": "granted",
"mandate_duration": {
"kind": "indefinite",
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},
"rep_rotation_new_rep": null,
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}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2026-03-09",
"filing_date": "2026-02-07",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "bijzondere_algemene_vergadering",
"date": "2026-02-01",
"unanimous": null
},
{
"body": "algemene_vergadering",
"date": "2026-02-01",
"unanimous": null
},
{
"body": "algemene_vergadering",
"date": "2026-02-01",
"unanimous": null
}
],
"is_correction": false,
"subject_company": {
"kbo": "1001.253.893",
"name_full": "Working Projects",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "org",
"org_kbo": "0798.446.194",
"org_name": "BV Med Account BV",
"person_name": null,
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [
"de notulen van de algemene vergadering dd. 01/02/2026"
],
"corrected_publication_numac": null
}08-01-2025 Wouter Merckx resigns as director
- Wouter Merckx, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Wouter Merckx",
"address": null,
"birth_date": null
},
"effective_date": "2024-11-13",
"evidence_quote": "De algemene vergadering beslist tot het ontslag van Wouter Merckx, met woonplaats te 2140 Antwerpen Florastraat 163, als niet-statutaire bestuurder, en dit met ingang op 13/11/2024. De algemene vergadering verleent deze persoon kwijting voor de uitoefening van diens mandaat.",
"discharge_granted": true
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "1001.253.893",
"name_full": "WORKING PROJECTS",
"legal_form": "BV"
}
}18-10-2023 Incorporation of a new BV
Technical details
{
"kind": "oprichting",
"seat": "2140 ANTWERPEN (BORGERHOUT), Van Leentstraat 45",
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"founders": [
{
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"kind": "natural_person",
"person": {
"dob": null,
"name": "MERCKX Jef Luc Trees",
"niss": null,
"address": "2140 Antwerpen (Borgerhout), Van Leentstraat 45"
},
"share_class": "Aandelen",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 1000,
"holder_person_name": "MERCKX Jef Luc Trees",
"is_subscriber_only": false,
"n_shares_subscribed": 50,
"amount_subscribed_eur": 1000,
"is_anonymous_silent_partner": false
},
{
"org": null,
"kind": "natural_person",
"person": {
"dob": null,
"name": "MERCKX Wouter Stefan Jasmin",
"niss": null,
"address": "2140 Antwerpen (Borgerhout), Florastraat 163"
},
"share_class": "Aandelen",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 1000,
"holder_person_name": "MERCKX Wouter Stefan Jasmin",
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}
],
"capital_eur": 2000,
"subject_company": {
"kbo": "1001.253.893",
"name_full": "Working Projects",
"legal_form": "BV"
},
"initial_directors": [],
"incorporation_date": "2023-10-16",
"post_incorporation_mandates": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | Working Projects |