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Workitects

Active
Non-profit associationfounded 2009active for 17 yearsSluisstraat 79, 3000 Leuven, BelgiumKBO/BCE: BE 0816.910.640

Financials · financial year 2025, full format

Annual accounts 2025 filed on 22-06-2026 at the NBB all 16 filings

Turnover
≈ €310,000
Estimated: probably between €240,000 and €620,000
EBIT margin
Not included in this filing
Net result
-€4,094▲ 97.8%
2024 · -€188,497
Working capital
€740,215▲ 31.5%
2024 · €562,746
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is a loss of €6,052, smaller than the loss of €190,977 in 2024.

Operating result-€0.006m 2025 Net result-€0.004m 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Advertising, market research and public relations activities (NACE 73). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result-€0.09m--€0.2m▼ 167%-€0.4m▼ 79.4%€0.01m€0.03m▲ 145%€0.2m▲ 572%-€0.2m-€0.006m▲ 96.8%
Net result-€0.09m--€0.2m▼ 167%-€0.4mbelow the sector's middle half▼ 79.7%€0.01mwithin the sector's middle half€0.02mwithin the sector's middle half▲ 88.2%€0.2mabove the sector's middle half▲ 598%-€0.2mbelow the sector's middle half-€0.004mwithin the sector's middle half▲ 97.8%
Equity€1.2m-€1.0m▼ 19.7%€0.6mwithin the sector's middle half▼ 44.0%€0.6mwithin the sector's middle half▲ 2.3%€0.6mwithin the sector's middle half▲ 4.3%€0.8mabove the sector's middle half▲ 28.7%€0.6mwithin the sector's middle half▼ 24.6%€0.6mwithin the sector's middle half▼ 0.7%
Total assets€2.9m-€2.7m▼ 5.8%€2.0mabove the sector's middle half▼ 25.3%€1.2mwithin the sector's middle half▼ 39.2%€1.0mwithin the sector's middle half▼ 17.2%€0.9mwithin the sector's middle half▼ 12.6%€0.6mwithin the sector's middle half▼ 30.5%€0.8mwithin the sector's middle half▲ 31.1%
Debt€1.6m-€1.7m▲ 4.9%€1.4m▼ 14.3%€0.6m▼ 55.3%€0.4m▼ 36.2%€0.1m▼ 72.4%€0.03m▼ 70.4%€0.2m▲ 576%
Working capital€2.4m-€2.4m▲ 1.6%€1.9mabove the sector's middle half▼ 23.0%€1.1mabove the sector's middle half▼ 40.8%€0.8mabove the sector's middle half▼ 23.3%€0.8mabove the sector's middle half▼ 5.9%€0.6mabove the sector's middle half▼ 29.3%€0.7mwithin the sector's middle half▲ 31.5%
Solvency43.5%-37.1%▼ 6.4pp27.8%within the sector's middle half▼ 9.3pp46.9%within the sector's middle half▲ 19.0pp59.1%within the sector's middle half▲ 12.2pp87.1%above the sector's middle half▲ 28.0pp94.5%above the sector's middle half▲ 7.4pp71.6%within the sector's middle half▼ 22.9pp
Current ratio7.39-12.82▲ 5.4319.13above the sector's middle half▲ 6.3013.73above the sector's middle half▼ 5.396.61above the sector's middle half▼ 7.1212.51above the sector's middle half▲ 5.8917.65above the sector's middle half▲ 5.1415.27above the sector's middle half▼ 2.38
Return on assets (ROA)-3.2%--9.1%▼ 5.9pp-21.9%below the sector's middle half▼ 12.8pp1.1%within the sector's middle half▲ 23.0pp2.4%within the sector's middle half▲ 1.4pp19.4%above the sector's middle half▲ 17.0pp-30.8%below the sector's middle half▼ 50.2pp-0.5%within the sector's middle half▲ 30.2pp
Staff (FTE)8-6.1▼ 23.8%6.8within the sector's middle half▲ 11.5%4.9within the sector's middle half▼ 27.9%4.1within the sector's middle half▼ 16.3%3.8within the sector's middle half▼ 7.3%3.1within the sector's middle half▼ 18.4%2within the sector's middle half▼ 35.5%
above within below The sector band is the middle half of the companies in Advertising, market research and public relations activities (NACE 73). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The turnover shown is an estimate from the gross margin.
Large changes and their cause
  • 2025 Net result +98% on 2024. The accounts now follow the full format, last year the abbreviated format.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €803,520
Fixed assets €11,433 ▼ 30.1%
Current assets €792,086 ▲ 32.8%
Equity and liabilities €803,520
Equity €574,999 ▼ 0.7%
Debt €228,521 ▲ 576%
Debt's share of the balance-sheet total rises from 5.5% to 28.4%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€1,139▲
2024 · -€186,967
Cash flow
€819▲
2024 · -€184,488
Debt to equity
0.40▲
2024 · 0.06
ROE
-0.7%▲
2024 · -32.6%
Interest coverage
-14235.88▲
2024 · -18962.21
Debt ≤ 1 year
€51,871▲
2024 · €33,800
Income taxes
€645▼
2024 · €1,034
Staff costs
€170,307▼
2024 · €198,801
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as Workitects: market research and public opinion polling (NACE 73200). They are comparable in size and age: total assets between €480,000 and €1.2m, founded between 2004 and 2012.

CompanyFoundedTotal assetsEquityGross marginNet resultFTEFinancial year
Workitects Leuven2009€0.8m€0.6m€0.2m-€0.004m22025
B & ML Bonheiden2007€0.5m€0.4m€0.1m€0.06m12025
6NRJ Sint-Lambrechts-Woluwe2005€0.8m€0.7m€0.1m-€0.004m12025
ASD-STAN Etterbeek2004€0.8m€0.7m€0.2m-€0.02m12025
Mobilad Kontich2008€1.2m€0.8m€0.5m€0.2m2.42025
TAM TAM COMMUNICATION Tournai2010€0.9m€0.3m€0.4m€0.006m52025
RISKOPP Herent2012€0.9m€0.6m€0.1m€0.09m02025

They were chosen from the 1,742 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 6,908 companies had the same profile as Workitects has now. Two years later, 1.1% had gone bankrupt and 90.9% were still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a small loss
1.1% went bankrupt
7.8% stopped otherwise
90.9% was still going

Another 0.1% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of Workitects itself is lower: < 0.1% within 12 months. It rests on far more data about Workitects than the profile alone.

Test of the method

The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 6,908 companies, not a prediction for Workitects. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines

Source: Annual accounts 2025 at the NBB, filed on 22-06-2026.

Balance sheet Code20242025
Assets
Total assets20/58€612,893€803,520▲
Fixed assets21/28€16,347€11,433▼
Intangible fixed assets21€10,947€6,033▼
Tangible fixed assets22/27€0-
Plant, machinery and equipment23€0-
Financial fixed assets28€5,400€5,400=
Current assets29/58€596,547€792,086▲
Amounts receivable within one year40/41€65,721€61,983▼
Trade receivables40€62,226€61,983▼
Other amounts receivable41€3,495€0▼
Current investments50/53€301,429€0▼
Cash at bank and in hand54/58€183,141€527,477▲
Deferred charges and accrued income490/1€46,255€202,626▲
Equity and liabilities
Total equity and liabilities10/49€612,893€803,520▲
Equity10/15€579,093€574,999▼
Reserves13€579,093€574,999▼
Amounts payable17/49€33,800€228,521▲
Amounts payable within one year42/48€33,800€51,871▲
Trade debts44€15,104€16,947▲
Suppliers440/4€15,104€16,947▲
Taxes, remuneration and social security45€18,697€34,924▲
Taxes450/3€0€14,939▲
Remuneration and social security454/9€18,697€19,985▲
Accrued charges and deferred income492/3€0€176,650▲
Income statement Code20242025
Remuneration, social security and pensions62€198,801€170,307▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,009€4,914▲
Other operating charges640/8€491€93▼
Gross operating margin9900€12,324€169,261▲
Operating profit (loss)9901-€190,977-€6,052▲
Financial income75/76B€3,523€2,603▼
Recurring financial income75€3,523€2,603▼
Financial charges65/66B€10€0▼
Recurring financial charges65€10€0▼
Profit (loss) for the period before taxes9903-€187,464-€3,450▲
Income taxes67/77€1,034€645▼
Profit (loss) for the period9904-€188,497-€4,094▲
Profit (loss) for the period to be appropriated9905-€188,497-€4,094▲
Appropriation of the result
Profit (loss) to be appropriated9906-€188,497-€4,094▲
Profit (loss) brought forward from the previous period14P€0-
Withdrawal from contributions791€188,497€4,094▼
Addition to contributions691€0-
Social balance sheet
Average headcount (FTE)90873.12.0▼

The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line20182019202020212022202320242025Change
Remuneration, social security and pensions62---€373,644€304,554€236,388€198,801€170,307▼ 14.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,717€750€857€21,991€19,135€1,602€4,009€4,914▲ 22.5%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4---€2,252-€963€0---
Other operating charges640/8---€360€551€316€491€93▼ 81.1%
Gross operating margin9900€629,886€518,925€9,816€408,699€348,885€410,411€12,324€169,261▲ 14×
Operating profit (loss)9901-€91,476-€244,482-€438,715€10,453€25,608€172,105-€190,977-€6,052▲ 96.8%
Financial income75/76B---€3,510€301€0€3,523€2,603▼ 26.1%
Recurring financial income75€601--€3,510€301€0€3,523€2,603▼ 26.1%
Financial charges65/66B---€434€340€120€10€0▼ 99.2%
Recurring financial charges65€594€145€943€434€340€120€10€0▼ 99.2%
Profit (loss) for the period before taxes9903-€91,468-€244,627-€439,658€13,529€25,570€171,985-€187,464-€3,450▲ 98.2%
Income taxes67/77---€489€1,028€624€1,034€645▼ 37.6%
Profit (loss) for the period9904-€91,468-€244,627-€439,658€13,040€24,542€171,361-€188,497-€4,094▲ 97.8%
Profit (loss) for the period to be appropriated9905-€91,468-€244,627-€439,658€13,040€24,542€171,361-€188,497-€4,094▲ 97.8%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€2.9m€2.7m€2.0m€1.2m€1.0m€0.9m€0.6m€0.8m▲ 31.1%
Fixed assets21/28€0.1m€0.06m€0.04m€0.03m€0.01m€0.02m€0.02m€0.01m▼ 30.1%
Intangible fixed assets21€0.09m€0.06m€0.03m€0.02m--€0.01m€0.006m▼ 44.9%
Tangible fixed assets22/27€0.001m-€0.003m€0.004m€0.002m€216€0--
Plant, machinery and equipment23---€0.004m€0.002m€216€0--
Financial fixed assets28€0.008m€0.004m€0.006m€0.008m€0.01m€0.02m€0.005m€0.005m=
Current assets29/58€2.8m€2.6m€2.0m€1.2m€1.0m€0.9m€0.6m€0.8m▲ 32.8%
Amounts receivable within one year40/41€0.2m€0.3m€0.2m€0.05m€0.08m€0.009m€0.07m€0.06m▼ 5.7%
Trade receivables40---€0.03m€0.08m€0.009m€0.06m€0.06m▼ 0.4%
Other amounts receivable41---€0.01m--€0.003m€0▼ 100%
Current investments50/53------€0.3m€0▼ 100%
Cash at bank and in hand54/58€1.2m€1.0m€0.6m€0.7m€0.4m€0.6m€0.2m€0.5m▲ 188%
Deferred charges and accrued income490/1---€0.5m€0.5m€0.3m€0.05m€0.2m▲ 338%
Equity and liabilities
Total equity and liabilities10/49€2.9m€2.7m€2.0m€1.2m€1.0m€0.9m€0.6m€0.8m▲ 31.1%
Equity10/15€1.2m€1.0m€0.6m€0.6m€0.6m€0.8m€0.6m€0.6m▼ 0.7%
Reserves13---€0.7m€0.7m€0.8m€0.6m€0.6m▼ 0.7%
Profit (loss) carried forward14€0.03m€0.1m-€0.2m-€0.1m-€0.08m€0---
Amounts payable17/49€1.6m€1.7m€1.4m€0.6m€0.4m€0.1m€0.03m€0.2m▲ 576%
Amounts payable within one year42/48€0.4m€0.2m€0.1m€0.09m€0.2m€0.07m€0.03m€0.05m▲ 53.5%
Trade debts44€0.3m€0.2m€0.06m€0.05m€0.1m€0.03m€0.02m€0.02m▲ 12.2%
Suppliers440/4---€0.05m€0.1m€0.03m€0.02m€0.02m▲ 12.2%
Taxes, remuneration and social security45---€0.04m€0.04m€0.04m€0.02m€0.03m▲ 86.8%
Taxes450/3---€28€0.003m€0.001m€0€0.01m-
Remuneration and social security454/9---€0.04m€0.03m€0.04m€0.02m€0.02m▲ 6.9%
Accrued charges and deferred income492/3---€0.6m€0.3m€0.04m€0€0.2m-
Line20182019202020212022202320242025Change
Profit (loss) for the period9904-€91,468-€244,627-€439,658€13,040€24,542€171,361-€188,497-€4,094▲ 97.8%
+ Depreciation and write-downs630€1,717€750€857€21,991€19,135€1,602€4,009€4,914▲ 22.5%
Operating cash flow (approximation)-€89,751-€243,877-€438,801€35,031€43,676€172,963-€184,488€819-
Investment in fixed assets (approximation)-€34,421€22,740-€11,406-€2,648-€5,400-€4,290€0-
Change in cash--€216,740-€378,251€20,331-€263,088€194,853-€414,516€344,336-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 16 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 full format 22-06-2026 2026-00192544 NBB
31-12-2024 abbreviated format 17-06-2025 2025-00156127 PDF
31-12-2023 abbreviated format 26-06-2024 2024-00176155 PDF
31-12-2022 abbreviated format 26-06-2023 2023-00161405 PDF
31-12-2021 abbreviated format 30-06-2022 2022-20116999 PDF
31-12-2020 abbreviated format 30-06-2021 2021-30000330 PDF
31-12-2019 abbreviated format 10-07-2020 2020-29300079 PDF
31-12-2018 abbreviated format 10-04-2019 2019-09700263 PDF
31-12-2017 abbreviated format 21-06-2018 2018-21000180 PDF
31-12-2016 abbreviated format 02-06-2017 2017-14500262 PDF

Show all 16 filings

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