Workshop X
ActiveSummary
Workshop X has been active since 1996 and the Belgian Official 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 about 8.2% per year across the filed financial years. Its solvency ranks better than 18% of 1,815 sector peers (NACE 77, financial year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Overview
- Equity
- -€9,343
- Profit
- €5,071
Why 56raises riskCapped at 59: negative equity1 change of registered office in 24 monthsNegative equity -€9,343lowers riskFigures for financial year 2025 (filed 06-05-2026)Size: total assets €63,718Show the evidence
Checked score
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 77, micro): better than 16% on solvency, 53% on liquidity, 71% on profitability and 82% on growth.
The bankruptcy probability was computed on 23-10-2026 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
This company filed its last 7 accounts on average 67 days before the deadline; the sector median (NACE 77) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Resignation: Van den Broeck Herman (director)Appointment: Van Dyck Piet (director)…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
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.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 77, Rental and leasing activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
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 91.4% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,473 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 74.5% 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.
| Line | 2019 | 2020 | 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 | €5,729 | - | - | - | - | - | €2,114 | - |
| Other operating charges640/8 | - | - | - | €2,469 | €1,059 | €3,350 | €442 | ▼ 86.8% |
| Gross operating margin9900 | €37,294 | €29,788 | €8,879 | -€625 | -€2,884 | €6,449 | €10,772 | ▲ 67.0% |
| Operating profit (loss)9901 | €28,690 | €26,850 | €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 | €186 | €31 | €66 | €62 | €42 | €134 | €85 | ▼ 36.5% |
| Profit (loss) for the period before taxes9903 | €28,504 | €26,819 | €6,049 | -€3,156 | -€3,985 | €2,965 | €7,537 | ▲ 154% |
| Income taxes67/77 | €6,576 | €11,200 | €2,194 | - | €146 | €632 | €2,467 | ▲ 290% |
| Profit (loss) for the period9904 | €21,929 | €15,619 | €3,855 | -€3,156 | -€4,132 | €2,333 | €5,071 | ▲ 117% |
| Profit (loss) for the period to be appropriated9905 | €21,929 | €15,619 | €3,855 | -€3,156 | -€4,132 | €2,333 | €5,071 | ▲ 117% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €14,860 | €3,425 | €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 | €14,860 | €3,425 | €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 | €5,424 | €40 | €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 | - | €3,385 | €1,082 | - | - | €10,030 | - | - |
| Cash at bank and in hand54/58 | €9,436 | - | - | €57 | €288 | - | €24,710 | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €14,860 | €3,425 | €3,889 | €495 | €10,915 | €20,719 | €63,718 | ▲ 208% |
| Equity10/15 | -€28,933 | -€13,314 | -€9,459 | -€12,615 | -€16,747 | -€14,414 | -€9,343 | ▲ 35.2% |
| Contributions10/11 | €10,197 | €10,197 | €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 | €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 | -€40,989 | -€25,371 | -€21,516 | -€24,672 | -€28,803 | -€26,471 | -€21,400 | ▲ 19.2% |
| Amounts payable17/49 | €43,793 | €16,739 | €13,347 | €13,110 | €27,662 | €35,133 | €73,061 | ▲ 108% |
| Amounts payable within one year42/48 | €43,793 | €16,739 | €13,347 | €13,110 | €27,662 | €35,133 | €73,061 | ▲ 108% |
| Trade debts44 | €37,696 | €15,367 | €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 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,929 | €15,619 | €3,855 | -€3,156 | -€4,132 | €2,333 | €5,071 | ▲ 117% |
| + Depreciation and write-downs630 | €5,729 | - | - | - | - | - | €2,114 | - |
| Operating cash flow (approximation) | €27,658 | €15,619 | €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.
Latest 10 of 29 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | micro format | 30-04-2026 | 2026-00103436 |
| 30-09-2024 | micro format | 28-01-2025 | 2025-00014225 |
| 30-09-2023 | micro format | 26-03-2024 | 2024-00049842 |
| 30-09-2022 | micro format | 24-03-2023 | 2023-00044741 |
| 30-09-2021 | micro format | 22-12-2021 | 2021-81200431 |
| 30-09-2020 | micro format | 15-02-2021 | 2021-05400113 |
| 30-09-2019 | micro format | 21-01-2020 | 2020-01700513 |
| 30-09-2018 | micro format | 23-12-2018 | 2018-75700337 |
| 30-09-2017 | micro format | 20-03-2018 | 2018-07100517 |
| 30-09-2016 | abbreviated format | 27-03-2017 | 2017-07400346 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Van Dyck Piet |
|
| Van den Broeck Herman |
|
Owners and capital
Capital and shareholders
- 27-01-2025 Converted to unavailable equity
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
27-01
Gazette deed
Resignation: Van den Broeck Herman (director)Appointment: Van Dyck Piet (director) · Reappointment: Van Dyck Piet (director) · Capital conversion11 facts ▸
- General meeting, “buitengewone algemene vergadering der aandeelhouders, statuten aanpassen en geheel wijzigen” (deed in Dutch)
- Other provision, “vennootschap is sedert de laatste algemene vergadering eenhoofdig geworden” (deed in Dutch)
- Director resignation, Van den Broeck Herman (director (not named in the articles))
- Director appointment, Van Dyck Piet (director (not named in the articles))
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “geldig voor eventuele toekomstige bijstortingen van het deel van het in het verleden geplaatste kapitaal dat op heden nog niet werd gestort en dat werd geboekt…” (deed in Dutch)
- Name change, Workshop X
- Purpose change
- Registered-office move, 2910 Essen, Hemelrijkweg 17
- Capital
- Director reappointment, Van Dyck Piet (director (not named in the articles))
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 23 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11016E0790/00D004 | Flanders | 278 m² | 1 · 137 m² | 8.5 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “I. ACTIVITEITEN IN DE HANDEL VAN INDUSTRIELE MACHINES, INSTALLATIES EN TOEBEHOREN; -Gespecialiseerde verkoop, verhuur alsmede herstellingen…” (deed in Dutch)
39 activities (deed in Dutch)
- I. ACTIVITEITEN IN DE HANDEL VAN INDUSTRIELE MACHINES, INSTALLATIES EN TOEBEHOREN
- -Gespecialiseerde verkoop, verhuur alsmede herstellingen en onderhoud van machines en onderdelen van machines, in het bijzonder:
- •Bouw- en wegenbouwmachines
- •Grondverzetmachines en werktuigen, werkvoertuigen, heftrucks, reachtrucks, hijsmiddelen en liften, graafmachines, (hijs-)kranen, in het algemeen rollend materieel voor de bouwsector;
- •Landbouwmachines, tuinmachines, tuinbouwmachines
- •Werfinrichting en bouwgereedschappen
- •Bouw- en werfmaterialen
- •Stroomvoorziening en pompen
- •(meet-) gereedschap, zagen, boren en slijpmachines, compressoren
- •Adviesverlening hieromtrent
- •Herstel- en onderhoudsdienst
- •2D laser- en service center voor meetinstrumenten (uitsluitend verkoop, kalibreren, ijken, en onderhoud van vlake lasers, hellinglasers en rioollasers);
- •3D laser- en service center voor meetinstrumenten (uitsluiten verkoop, kalibreren, ijken, en onderhoud van vlakke lasers, hellinglasers en rioollasers), handel in 3D machinecontrolesystemen.
- -Groot- en kleinhandel in, verhuring en financiering van, alle machines en toebehoren voor de wegenbouw, bouwnijverheid, metaal- en houtnijverheid, elektrische toestellen, radio-elektrische materieel, elektrische verwarmingsartikelen, en alle bijhorende stukken of onderdelen;
- -Groot- en kleinhandel in, verhuring en financiering van alle machines en toebehoren voor de tuinbouw;
- -Verhuur en verkoop van alle mogelijke transportvoertuigen te land, te water en in de lucht;
- -Verhuur en lease van personenauto's en lichte bestelwagens (< 3,5 ton)
- -Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (= 3,5 ton)
- -Uitvoeren van zaag- en boorwerken, leggen van klinkers, kasseien en asfalt en plaatsen van beton;
- -De vennootschap handelt voor eigen rekening, in consignatie, in commissie, als tussenpersoon of als handelsagentuur;
- -Groot- en kleinhandel in kleding, schoeisel, werkkledij, veiligheidskleding en andere persoonlijke beschermingsmiddelen;
- -Kalibratie van lasers en andere meettoestellen, groot- en kleinhandel in meettoestellen;
- -Het huren en verhuren van roerende goederen en divers bedrijfsmaterieel;
- -Het uitbaten en beheren van concessies, licenties en andere immateriële rechten en activa;
- Groot- en kleinhandel, import en export, in allerlei ijzerwaren, huishoudartikelen, geschenkartikelen, kleinmeubelen en aanverwante artikelen, bouwpakketten in hout of kunststof, elektrische gereedschappen en aanverwanten artikelen, herstelling en onderhoudsdienst voor gereedschappen, , motoren, afsluitingen, sanitaire installatie materiaal, ladders, elektrisch installatiemateriaal, verlichting;
- -Groot- en kleinhandel in allerlei textielmaterialen, schoeisel en aanverwante artikelen;
- -Groot- en kleinhandel in allerlei bouwmaterialen, zowel in hout als in kunststof en beton, materialen nodig voor het onderhouden en herstellen van gebouwen zoals bijvoorbeeld behangpapier en verf.
- -traiteur, delicatessen, bereide maaltijden, groot- en detailhandel in voedingswaren en dranken allerhande, inclusief het bereiden en verhandelen van panklare gerechten, wild en wildschotels, alle dienstverlening die daarmee verband houdt, zoals catering, verzorgen van feesten en dergelijke, zowel in eigen restaurant als in zalen of privé woningen;
- -de handel in alle dranken, patisserie, eetwaren en maaltijden, met inbegrip van het ter beschikking stellen van materiaal en personeel voor de bereiding, het vervoer en het opdienen van eetmalen, het ter beschikking stellen van zalen voor het houden van feesten, banketten, buffetten en salons, alsmede het organiseren ervan;
- -Beoefening van uitvoerende kunsten door zelfstandig werkende artiesten
- -Bieden van overig amusement, n.e.g.: . circussen . poppentheaters, rodeo's, klank- en lichtspelen, enz.
- -Evenementenbureau
- -Organiseren en verzorgen van bruiloften, banketten, cocktails, lunches, recepties, enz.
- -Organisatie van congressen en beurzen
- -Promotie en organisatie van uitvoerende kunstevenementen
- -Maken van geluidsopnamen
- -Activiteiten die betrekking hebben op het geven van cursussen / workshops in teken van koken
- II. PATRIMONIUMBEHEER
- 1) het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen in de ruimste zin van het woord; alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten, zoals de aan- en verkoop, de bouw, de verbouwing, de binnenhuisinrichting en decoratie, de huur en verhuur, de ruil, de verkaveling en, in het algemeen, alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken, van onroerende goederen of onroerende zakelijke rechten;
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Hij kan bijzondere machten toekennen aan elke mandataris, Iedere bestuurder vertegenwoordigt de vennootschap jegens derden en in rechte als…” (deed in Dutch)
Capital, shares and profit
- Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
- “Bestuursorgaan, elk aandeel recht geeft op een gelijk aandeel in de winstverdeling” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- 15 March at 20:00
- Meeting accessWho may attend the meeting and what is needed to be admitted.
- “De rechten verbonden aan de effecten van de effectenhouder mogen niet geschorst zijn; indien enkel de stemrechten geschorst zijn, mag hij…” (deed in Dutch)