Workservice
ActiveSummary
The computed 12-month bankruptcy probability of Workservice is 2.2% (moderate). The 2024 annual accounts show equity of €215,678 and a net result of €9,867. Equity is shrinking by ~14.4% per year across the filed fiscal years. Its solvency ranks better than 52% of 9973 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 3 accounts on average 51 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 501 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 96% are still going.
- Small
- 2 to 5 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 501 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,442 | €9,922 | €9,468 | ▼ 4.6% |
| Other operating charges640/8 | €3,925 | €3,283 | €3,944 | ▲ 20.2% |
| Gross operating margin9900 | €181,314 | -€19,048 | €24,241 | ▲ 227% |
| Operating profit (loss)9901 | €169,948 | -€32,253 | €10,829 | ▲ 134% |
| Financial income75/76B | €163 | €180 | €42 | ▼ 76.5% |
| Recurring financial income75 | €163 | €180 | €42 | ▼ 76.5% |
| Financial charges65/66B | €101 | €641 | €732 | ▲ 14.1% |
| Recurring financial charges65 | €101 | €641 | €732 | ▲ 14.1% |
| Profit (loss) for the period before taxes9903 | €170,010 | -€32,714 | €10,139 | ▲ 131% |
| Transfer from deferred taxes780 | - | €381 | €381 | = |
| Income taxes67/77 | €37,560 | €7,378 | €653 | ▼ 91.2% |
| Profit (loss) for the period9904 | €132,450 | -€39,711 | €9,867 | ▲ 125% |
| Transfer from tax-exempt reserves789 | - | €1,143 | €1,143 | = |
| Profit (loss) for the period to be appropriated9905 | €132,450 | -€38,568 | €11,010 | ▲ 129% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €372,056 | €345,092 | €492,270 | ▲ 42.6% |
| Fixed assets21/28 | €155,427 | €148,030 | €138,561 | ▼ 6.4% |
| Tangible fixed assets22/27 | €155,427 | €148,030 | €138,561 | ▼ 6.4% |
| Land and buildings22 | €137,618 | €135,800 | €131,900 | ▼ 2.9% |
| Plant, machinery and equipment23 | €944 | €854 | €481 | ▼ 43.6% |
| Furniture and vehicles24 | €16,864 | €11,375 | €6,180 | ▼ 45.7% |
| Current assets29/58 | €216,628 | €197,062 | €353,709 | ▲ 79.5% |
| Stocks and contracts in progress3 | - | - | €47,567 | - |
| Stocks30/36 | - | - | €47,567 | - |
| Amounts receivable within one year40/41 | €170,481 | €188,884 | €233,043 | ▲ 23.4% |
| Trade receivables40 | €143,176 | €171,814 | €233,043 | ▲ 35.6% |
| Other amounts receivable41 | €27,305 | €17,069 | - | - |
| Cash at bank and in hand54/58 | €46,134 | €5,478 | €1,583 | ▼ 71.1% |
| Deferred charges and accrued income490/1 | €14 | €2,700 | €71,516 | ▲ 2,549% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €372,056 | €345,092 | €492,270 | ▲ 42.6% |
| Equity10/15 | €277,671 | €205,810 | €215,678 | ▲ 4.8% |
| Contributions10/11 | €8,739 | €8,739 | €8,739 | = |
| Reserves13 | €142,652 | €105,979 | €104,836 | ▼ 1.1% |
| Non-distributable reserves130/1 | €874 | €874 | €874 | = |
| Reserves not available under the articles1311 | €874 | €874 | €874 | = |
| Tax-exempt reserves132 | €137,549 | €100,876 | €99,734 | ▼ 1.1% |
| Distributable reserves133 | €4,229 | €4,229 | €4,229 | = |
| Profit (loss) carried forward14 | €126,280 | €91,093 | €102,103 | ▲ 12.1% |
| Provisions and deferred taxes16 | - | €33,625 | €33,245 | ▼ 1.1% |
| Deferred taxes168 | - | €33,625 | €33,245 | ▼ 1.1% |
| Amounts payable17/49 | €94,385 | €105,656 | €243,348 | ▲ 130% |
| Amounts payable within one year42/48 | €94,385 | €105,656 | €243,348 | ▲ 130% |
| Trade debts44 | €68,487 | €43,662 | €214,887 | ▲ 392% |
| Suppliers440/4 | €68,487 | €43,662 | €214,887 | ▲ 392% |
| Taxes, remuneration and social security45 | €25,898 | €26,024 | €7,121 | ▼ 72.6% |
| Taxes450/3 | €19,120 | €26,024 | €7,121 | ▼ 72.6% |
| Remuneration and social security454/9 | €6,778 | - | - | - |
| Other amounts payable47/48 | - | €35,969 | €21,339 | ▼ 40.7% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €132,450 | -€39,711 | €9,867 | ▲ 125% |
| + Depreciation and write-downs630 | €7,442 | €9,922 | €9,468 | ▼ 4.6% |
| Operating cash flow (approximation) | €139,892 | -€29,789 | €19,336 | ▲ 165% |
| Investment in fixed assets (approximation) | - | -€2,524 | €0 | ▲ 100% |
| Change in cash | - | -€40,655 | -€3,896 | ▲ 90.4% |
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
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.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11809I2460/00N000 | Flanders | 148 m² | 1 · 64 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Similar companies · same sector, comparable size
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.