Summary
Workspace Factories has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €11.9m and a net result of -€365,786. Equity is growing by ~9.3% per year across the filed fiscal years. Its solvency ranks better than 32% of 940 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
21 d early
2022
109 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 37 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 30 August (3 of the last 4 filed years within 50 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema, statutory accounts
In the rankings
#1 company by total assets in Pelt, Administrative and support services sector#1 company by equity in Pelt, Administrative and support services sector
Turnover
€1.5m▲ 8.9%
2024 · €1.4m
EBIT margin
39.9%▼ 28.2pp
2024 · 68.1%
Net result
-€365,786
2024 · €82,455
Working capital
-€958,407
2024 · €490,083
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support 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
Line2022202320242025
Turnover€600,000€1.4m▲ 136%€1.5m▲ 8.9%
Operating result-€26,999-€347,632€966,060▲ 178%€616,475▼ 36.2%
Net result-€89,391below the sector's middle half-€3,640within the sector's middle half€82,455within the sector's middle half▲ 2,166%-€365,786below the sector's middle half
EBIT margin57.9%68.1%▲ 10.2pp39.9%▼ 28.2pp
Equity€5.5mabove the sector's middle half-€12.2mabove the sector's middle half▲ 123%€12.3mabove the sector's middle half▲ 0.7%€11.9mabove the sector's middle half▼ 3.0%
Total assets€17.3mabove the sector's middle half-€41.5mabove the sector's middle half▲ 139%€42.4mabove the sector's middle half▲ 2.1%€47.2mabove the sector's middle half▲ 11.4%
Debt€11.9m-€29.3m▲ 147%€30.1m▲ 2.7%€35.3m▲ 17.3%
Working capital-€9.1mbelow the sector's middle half--€840,573below the sector's middle half▲ 90.8%€490,083within the sector's middle half-€958,407below the sector's middle half
Solvency31.6%within the sector's middle half-29.5%within the sector's middle half▼ 2.1pp29.0%within the sector's middle half▼ 0.4pp25.3%within the sector's middle half▼ 3.8pp
Current ratio0.02below the sector's middle half-0.73below the sector's middle half▲ 0.721.23within the sector's middle half▲ 0.500.72below the sector's middle half▼ 0.51
Return on assets (ROA)-0.5%below the sector's middle half-0.0%within the sector's middle half▲ 0.5pp0.2%within the sector's middle half▲ 0.2pp-0.8%below the sector's middle half▼ 1.0pp
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 36% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €47.2m
Fixed assets
€44.7m ▲ 12.5%
Current assets
€2.5m ▼ 5.3%
Equity and liabilities €47.2m
Equity
€11.9m ▼ 3.0%
Debt
€35.3m ▲ 17.3%
Debt's share of the balance-sheet total rises from 71.0% to 74.7%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-3.1%▼
2024 · 0.7%
Debt ≤ 1 year
€3.4m▲
2024 · €2.1m
Debt > 1 year
€31.8m▲
2024 · €27.9m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Operating income70/76A | - | €600,000 | €1.4m | €1.5m | ▲ 8.9% |
| Turnover70 | - | €600,000 | €1.4m | €1.5m | ▲ 8.9% |
| Operating charges60/66A | €26,999 | €252,368 | €451,846 | €927,525 | ▲ 105% |
| Services and other goods61 | €26,999 | €251,600 | €450,112 | €907,890 | ▲ 102% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €17,835 | - |
| Other operating charges640/8 | - | €768 | €1,734 | €1,800 | ▲ 3.8% |
| Operating profit (loss)9901 | -€26,999 | €347,632 | €966,060 | €616,475 | ▼ 36.2% |
| Financial income75/76B | - | - | €16,281 | €11,663 | ▼ 28.4% |
| Recurring financial income75 | - | - | €16,281 | €11,663 | ▼ 28.4% |
| Other financial income752/9 | - | - | €16,281 | €11,663 | ▼ 28.4% |
| Financial charges65/66B | €62,392 | €343,992 | €899,886 | €993,924 | ▲ 10.5% |
| Recurring financial charges65 | €62,392 | €343,992 | €899,886 | €993,924 | ▲ 10.5% |
| Debt charges650 | €62,392 | €343,853 | €899,886 | €993,924 | ▲ 10.5% |
| Other financial charges652/9 | - | €139 | €0 | - | - |
| Profit (loss) for the period before taxes9903 | -€89,391 | €3,640 | €82,455 | -€365,786 | ▼ 544% |
| Profit (loss) for the period9904 | -€89,391 | €3,640 | €82,455 | -€365,786 | ▼ 544% |
| Profit (loss) for the period to be appropriated9905 | -€89,391 | €3,640 | €82,455 | -€365,786 | ▼ 544% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €17.3m | €41.5m | €42.4m | €47.2m | ▲ 11.4% |
| Fixed assets21/28 | €17.2m | €39.2m | €39.8m | €44.7m | ▲ 12.5% |
| Tangible fixed assets22/27 | - | - | €89,175 | €71,340 | ▼ 20.0% |
| Furniture and vehicles24 | - | - | €89,175 | €71,340 | ▼ 20.0% |
| Financial fixed assets28 | €17.2m | €39.2m | €39.7m | €44.7m | ▲ 12.6% |
| Affiliated companies280/1 | €17.2m | €39.2m | €39.7m | €44.7m | ▲ 12.6% |
| Participating interests280 | €17.2m | €39.2m | €39.7m | €44.7m | ▲ 12.6% |
| Companies linked by participating interests282/3 | €3,791 | €791 | €791 | - | - |
| Participating interests282 | €3,791 | €791 | €791 | - | - |
| Other financial fixed assets284/8 | €1,760 | €1,760 | €1,760 | €1,760 | = |
| Amounts receivable and cash guarantees285/8 | €1,760 | €1,760 | €1,760 | €1,760 | = |
| Current assets29/58 | €157,426 | €2.3m | €2.6m | €2.5m | ▼ 5.3% |
| Stocks and contracts in progress3 | €0 | €0 | €0 | - | - |
| Amounts receivable within one year40/41 | €151,150 | €1.6m | €2.2m | €2.3m | ▲ 5.1% |
| Trade receivables40 | - | €400,000 | €1.3m | €2.0m | ▲ 56.5% |
| Other amounts receivable41 | €151,150 | €1.2m | €959,259 | €355,521 | ▼ 62.9% |
| Cash at bank and in hand54/58 | €6,275 | €733,477 | €197,357 | €144,397 | ▼ 26.8% |
| Deferred charges and accrued income490/1 | - | - | €201,358 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €17.3m | €41.5m | €42.4m | €47.2m | ▲ 11.4% |
| Equity10/15 | €5.5m | €12.2m | €12.3m | €11.9m | ▼ 3.0% |
| Contributions10/11 | €500,200 | €7.3m | €7.3m | €7.3m | = |
| Revaluation surpluses12 | €5.1m | €5.1m | €5.1m | €5.1m | = |
| Profit (loss) carried forward14 | -€89,391 | -€85,752 | -€3,297 | -€369,082 | ▼ 11,096% |
| Amounts payable17/49 | €11.9m | €29.3m | €30.1m | €35.3m | ▲ 17.3% |
| Amounts payable after more than one year17 | €2.6m | €26.1m | €27.9m | €31.8m | ▲ 14.0% |
| Financial debts170/4 | €2.6m | €26.1m | €26.5m | €30.4m | ▲ 14.7% |
| Subordinated loans170 | €2.2m | €0 | - | €1.6m | - |
| Other loans174 | €400,000 | €26.1m | €26.5m | €28.8m | ▲ 8.7% |
| Other amounts payable178/9 | - | - | €1.4m | €1.4m | = |
| Amounts payable within one year42/48 | €9.3m | €3.2m | €2.1m | €3.4m | ▲ 61.2% |
| Current portion of amounts payable after more than one year42 | - | €304,911 | €96,643 | €111,840 | ▲ 15.7% |
| Financial debts43 | - | €456,000 | €0 | - | - |
| Other loans439 | - | €456,000 | €0 | - | - |
| Trade debts44 | €444,123 | €645,064 | €789,058 | €1.6m | ▲ 103% |
| Suppliers440/4 | €444,123 | €645,064 | €789,058 | €1.6m | ▲ 103% |
| Taxes, remuneration and social security45 | - | €10,096 | €24,448 | €85,345 | ▲ 249% |
| Taxes450/3 | - | €10,096 | €24,448 | €85,345 | ▲ 249% |
| Other amounts payable47/48 | €8.8m | €1.7m | €1.2m | €1.6m | ▲ 33.9% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€89,391 | €3,640 | €82,455 | -€365,786 | ▼ 544% |
| + Depreciation and write-downs630 | - | - | - | €17,835 | - |
| Operating cash flow (approximation) | -€89,391 | €3,640 | €82,455 | -€347,951 | ▼ 522% |
| Investment in fixed assets (approximation) | - | -€22.0m | -€555,722 | -€5.0m | ▼ 800% |
| Change in cash | - | €727,201 | -€536,120 | -€52,960 | ▲ 90.1% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet -€365,786
Net result drops to -€365,786, the lowest in the series.
02-09
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated · 29 days late
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
31-12
Financial
Highest result since 2022net €82,455 ▲2,166%
Operating result €966,060, net result €82,455, both a record.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
26-04
State Gazette act
General meeting · Director resignation
Director appointment · Mandate compensation
2023
31-12
Financial
Back to profitnet €3,640
Net result €3,640 after one loss-making year.
31-12
Financial
Equity above €10mEq €12.2m ▲123%
Equity rises from €5.5m to €12.2m.
17-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 109 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Pelt · 1 establishment unit since 2022
Ground area
3.4 ha
Building footprint
1,117 m²
Volume, LiDAR
8,466 m³
Parcel 72502E0102/00G167, Flanders · tallest building 9.0 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Pami Holding
since 20222.329.795.587
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72502E0102/00G167 | Flanders | 3.4 ha | 1 · 1,117 m² | 9.0 m · 3 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.
Structure & network
Owners and holdings
2 owners · 4 holdings · 9 subsidiaries in the treeOwners 2
- Sourceaccounts HESCOM 202510%
- Sourceaccounts LECON 202510%
Holdings 4
-
100%
-
100%
-
100%
-
100%
All subsidiaries, including indirect ones 9
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
PAMI INTERNATIONAL 100%3 subsidiaries
- Pami NederlandNL 100%
ROBBERECHTS HOLDING 100%2 subsidiaries
- ERVO Projects 100%
- ROBBERECHTS 100%
- Workspace Factories Deutschland GmbHDE 100%
According to the 2025 annual accounts of Workspace Factories and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
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Of 24,518 companies in sector 82990 we hold annual accounts for 9,421. 1,032 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-02-2022
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0782492466
Registered
27-03-2026
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.