Workshop X
ActiveSummary
Workshop X has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€9,343) and a net result of €5,071. Equity is growing by ~22.8% per year across the filed fiscal years. Its solvency ranks better than 19% of 1535 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▲+13
Solvency10▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.79 against 0.59 in 2024; short-term debt: 114.7% and cash: 38.8% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-14.7%
Return on assets
8%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 1535 sector peers (2025).
NBB · sector comparisonPosition among 1535 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
92 d early
2023
35 d early
2022
37 d early
2021
129 d early
2020
74 d early
2019
100 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 67 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 24 March (4 of the last 5 filed years within 55 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€9,343▲ 35.2%
2024 · -€14,414
Total assets
€63,718▲ 208%
2024 · €20,719
Net result
€5,071▲ 117%
2024 · €2,333
Working capital
-€15,399▼ 6.8%
2024 · -€14,414
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 77, Rental and leasing activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€6,115▼ 77.2%-€3,094-€3,943▼ 27.5%€3,098€7,621▲ 146%
Net result€3,855within the sector's middle half▼ 75.3%-€3,156below the sector's middle half-€4,132below the sector's middle half▼ 30.9%€2,333within the sector's middle half€5,071within the sector's middle half▲ 117%
Equity-€9,459below the sector's middle half▲ 29.0%-€12,615below the sector's middle half▼ 33.4%-€16,747below the sector's middle half▼ 32.8%-€14,414below the sector's middle half▲ 13.9%-€9,343below the sector's middle half▲ 35.2%
Total assets€3,889below the sector's middle half▲ 13.5%€495below the sector's middle half▼ 87.3%€10,915below the sector's middle half▲ 2,107%€20,719below the sector's middle half▲ 89.8%€63,718below the sector's middle half▲ 208%
Debt€13,347▼ 20.3%€13,110▼ 1.8%€27,662▲ 111%€35,133▲ 27.0%€73,061▲ 108%
Working capital-€9,459within the sector's middle half▲ 29.0%-€12,615within the sector's middle half▼ 33.4%-€16,747within the sector's middle half▼ 32.8%-€14,414within the sector's middle half▲ 13.9%-€15,399within the sector's middle half▼ 6.8%
Solvency-153.4%below the sector's middle half-69.6%below the sector's middle half▲ 83.9pp-14.7%below the sector's middle half▲ 54.9pp
Current ratio0.39below the sector's middle half0.59within the sector's middle half▲ 0.200.79within the sector's middle half▲ 0.20
Return on assets (ROA)-37.9%below the sector's middle half11.3%within the sector's middle half▲ 49.1pp8.0%within the sector's middle half▼ 3.3pp
above
within
below
the middle half (P25 to P75) of NACE 77, Rental and leasing activities, each year against the same schema; no band under 30 filings.
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 146% above 2024 and is the highest result in the available series.
Balance-sheet composition
Assets €63,718
Fixed assets
€6,056
Current assets
€57,662
Key figures and ratios
EBITDA
€9,735
Cash flow
€7,185
Quick ratio
0.44▼
2024 · 0.59
Debt to equity
-7.82▼
2024 · -2.44
Interest coverage
114.51
Debt ≤ 1 year
€73,061▲
2024 · €35,133
Income taxes
€2,467▲
2024 · €632
Staff costs
€595
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,795 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
5.3%
stopped otherwise
92%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 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% | 1.9% |
| 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 3,795 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | €15,184 | €8,071 | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €595 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €2,114 | - |
| Other operating charges640/8 | - | €2,469 | €1,059 | €3,350 | €442 | ▼ 86.8% |
| Gross operating margin9900 | €8,879 | -€625 | -€2,884 | €6,449 | €10,772 | ▲ 67.0% |
| Operating profit (loss)9901 | €6,115 | -€3,094 | -€3,943 | €3,098 | €7,621 | ▲ 146% |
| Financial income75/76B | - | - | - | - | €1 | - |
| Recurring financial income75 | - | - | - | - | €1 | - |
| Financial charges65/66B | - | €62 | €42 | €134 | €85 | ▼ 36.5% |
| Recurring financial charges65 | €66 | €62 | €42 | €134 | €85 | ▼ 36.5% |
| Profit (loss) for the period before taxes9903 | €6,049 | -€3,156 | -€3,985 | €2,965 | €7,537 | ▲ 154% |
| Income taxes67/77 | €2,194 | - | €146 | €632 | €2,467 | ▲ 290% |
| Profit (loss) for the period9904 | €3,855 | -€3,156 | -€4,132 | €2,333 | €5,071 | ▲ 117% |
| Profit (loss) for the period to be appropriated9905 | €3,855 | -€3,156 | -€4,132 | €2,333 | €5,071 | ▲ 117% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3,889 | €495 | €10,915 | €20,719 | €63,718 | ▲ 208% |
| Fixed assets21/28 | - | - | - | €0 | €6,056 | - |
| Tangible fixed assets22/27 | - | - | - | €0 | €6,056 | - |
| Plant, machinery and equipment23 | - | - | - | - | €4,456 | - |
| Furniture and vehicles24 | - | - | - | €0 | €1,600 | - |
| Current assets29/58 | €3,889 | €495 | €10,915 | €20,719 | €57,662 | ▲ 178% |
| Stocks and contracts in progress3 | - | - | - | - | €25,531 | - |
| Stocks30/36 | - | - | - | - | €25,531 | - |
| Amounts receivable within one year40/41 | €2,806 | €437 | €10,627 | €10,689 | €7,421 | ▼ 30.6% |
| Trade receivables40 | - | - | €10,526 | €10,287 | €6,870 | ▼ 33.2% |
| Other amounts receivable41 | - | €437 | €101 | €402 | €551 | ▲ 37.1% |
| Current investments50/53 | €1,082 | - | - | €10,030 | - | - |
| Cash at bank and in hand54/58 | - | €57 | €288 | - | €24,710 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3,889 | €495 | €10,915 | €20,719 | €63,718 | ▲ 208% |
| Equity10/15 | -€9,459 | -€12,615 | -€16,747 | -€14,414 | -€9,343 | ▲ 35.2% |
| Contributions10/11 | €10,197 | €10,197 | €10,197 | €10,197 | €10,197 | = |
| Capital10 | - | €10,197 | €10,197 | €10,197 | - | - |
| Issued capital100 | - | €18,592 | €18,592 | €18,592 | - | - |
| Uncalled capital101 | - | €8,395 | €8,395 | €8,395 | - | - |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Legal reserve130 | - | €1,859 | €1,859 | €1,859 | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €1,859 | - |
| Profit (loss) carried forward14 | -€21,516 | -€24,672 | -€28,803 | -€26,471 | -€21,400 | ▲ 19.2% |
| Amounts payable17/49 | €13,347 | €13,110 | €27,662 | €35,133 | €73,061 | ▲ 108% |
| Amounts payable within one year42/48 | €13,347 | €13,110 | €27,662 | €35,133 | €73,061 | ▲ 108% |
| Trade debts44 | €11,429 | €9,152 | €14,807 | €597 | €37,399 | ▲ 6,165% |
| Suppliers440/4 | - | €9,152 | €14,807 | €597 | €37,399 | ▲ 6,165% |
| Taxes, remuneration and social security45 | - | - | - | €332 | €789 | ▲ 138% |
| Taxes450/3 | - | - | - | €332 | €789 | ▲ 138% |
| Other amounts payable47/48 | - | €3,958 | €12,854 | €34,204 | €34,873 | ▲ 2.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,855 | -€3,156 | -€4,132 | €2,333 | €5,071 | ▲ 117% |
| + Depreciation and write-downs630 | - | - | - | - | €2,114 | - |
| Operating cash flow (approximation) | €3,855 | -€3,156 | -€4,132 | €2,333 | €7,185 | ▲ 208% |
| Investment in fixed assets (approximation) | - | - | - | - | -€8,170 | - |
| Change in cash | - | - | €231 | - | - | - |
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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Back to profitnet €2,333
Net result €2,333 after 2 loss-making years.
26-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
22-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
15-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
21-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Back to profitnet €21,929
Net result €21,929 after one loss-making year.
2018
23-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
20-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Essen · 1 establishment unit since 1996
Ground area
278 m²
Building footprint
137 m²
Volume, LiDAR
720 m³
Parcel 11016E0790/00D004, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Workshop X
since 19962.370.622.887
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11016E0790/00D004 | Flanders | 278 m² | 1 · 137 m² | 8.5 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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 228 companies in sector 77310 we hold annual accounts for 126. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-04-1996
Fiscal year end30-09
Activities, NACEBEL 2025
77310Rental and leasing activities
28920Manufacture of machinery and equipment not elsewhere classified
33120Repair and maintenance of machinery
77320Rental and leasing activities
Contact
E-mail
mail@accoteam.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0457587404
Also
9925:BE0457587404
Registered
18-02-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.