Worksvision
ActiveSummary
The computed 12-month bankruptcy probability of Worksvision is 2.1% (moderate). The 2025 annual accounts show equity of €9,865 and a net result of €602. Equity is shrinking by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 48% of 28184 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability45▼-27
Solvency70▲+4
Growth32=
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 1.72 against 1.69 in 2024; short-term debt: 54.8% and cash: 23.7% of total assets), but 54.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year €9,865
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 · 6 filingsDeviation from the deadline
2025
31 d late
2024
92 d early
2023
20 d late
2022
70 d late
2021
67 d late
2020
11 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 14 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€9,865▲ 6.5%
2024 · €9,263
Total assets
€21,811▼ 3.5%
2024 · €22,598
Net result
€602▼ 74.5%
2024 · €2,362
Working capital
€8,600▼ 7.2%
2024 · €9,263
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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€2,838▼ 75.3%€4,549▲ 60.3%-€7,889€3,163€2,742▼ 13.3%
Net result€1,502within the sector's middle half▼ 82.7%€2,618within the sector's middle half▲ 74.4%-€8,909below the sector's middle half€2,362within the sector's middle half€602within the sector's middle half▼ 74.5%
Equity€13,193below the sector's middle half▲ 12.8%€15,811below the sector's middle half▲ 19.8%€6,902below the sector's middle half▼ 56.3%€9,263below the sector's middle half▲ 34.2%€9,865below the sector's middle half▲ 6.5%
Total assets€33,826below the sector's middle half▲ 54.9%€31,113below the sector's middle half▼ 8.0%€25,675below the sector's middle half▼ 17.5%€22,598below the sector's middle half▼ 12.0%€21,811below the sector's middle half▼ 3.5%
Debt€20,633▲ 103%€15,302▼ 25.8%€18,774▲ 22.7%€13,334▼ 29.0%€11,945▼ 10.4%
Working capital€12,196▲ 4.3%€15,280▲ 25.3%€6,838▼ 55.3%€9,263▲ 35.5%€8,600▼ 7.2%
Solvency39.0%within the sector's middle half▼ 14.5pp50.8%within the sector's middle half▲ 11.8pp26.9%within the sector's middle half▼ 23.9pp41.0%within the sector's middle half▲ 14.1pp45.2%within the sector's middle half▲ 4.2pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction 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
The operating result falls in 2025; 2025 is 13% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €21,811
Fixed assets
€1,266
Current assets
€20,545
Equity and liabilities €21,811
Equity
€9,865 ▲ 6.5%
Debt
€11,945 ▼ 10.4%
Debt's share of the balance-sheet total falls from 59.0% to 54.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2,977▼
2024 · €3,227
Cash flow
€836▼
2024 · €2,426
Current ratio
1.72▲
2024 · 1.69
Debt to equity
1.21▼
2024 · 1.44
ROE
6.1%▼
2024 · 25.5%
ROA
2.8%▼
2024 · 10.5%
Interest coverage
2.71▼
2024 · 4.88
Debt ≤ 1 year
€11,945▼
2024 · €13,334
Income taxes
€1,041▲
2024 · €140
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,047 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 94% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
2.0%
went bankrupt
3.7%
stopped otherwise
94%
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 2.1% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 5,047 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €1,720 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €403 | €466 | €466 | €64 | €234 | ▲ 266% |
| Other operating charges640/8 | €502 | €880 | €395 | €1,223 | €1,362 | ▲ 11.3% |
| Gross operating margin9900 | €3,742 | €5,895 | -€7,028 | €4,450 | €4,339 | ▼ 2.5% |
| Operating profit (loss)9901 | €2,838 | €4,549 | -€7,889 | €3,163 | €2,742 | ▼ 13.3% |
| Financial income75/76B | - | - | €0 | €0 | - | - |
| Recurring financial income75 | - | - | €0 | €0 | - | - |
| Financial charges65/66B | €738 | €1,053 | €888 | €661 | €1,099 | ▲ 66.1% |
| Recurring financial charges65 | €738 | €1,053 | €888 | €661 | €1,099 | ▲ 66.1% |
| Profit (loss) for the period before taxes9903 | €2,099 | €3,496 | -€8,777 | €2,501 | €1,643 | ▼ 34.3% |
| Income taxes67/77 | €598 | €878 | €132 | €140 | €1,041 | ▲ 646% |
| Profit (loss) for the period9904 | €1,502 | €2,618 | -€8,909 | €2,362 | €602 | ▼ 74.5% |
| Profit (loss) for the period to be appropriated9905 | €1,502 | €2,618 | -€8,909 | €2,362 | €602 | ▼ 74.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €33,826 | €31,113 | €25,675 | €22,598 | €21,811 | ▼ 3.5% |
| Fixed assets21/28 | €997 | €531 | €64 | €0 | €1,266 | - |
| Tangible fixed assets22/27 | €997 | €531 | €64 | €0 | €1,266 | - |
| Plant, machinery and equipment23 | - | - | - | - | €1,266 | - |
| Furniture and vehicles24 | €997 | €531 | €64 | €0 | - | - |
| Current assets29/58 | €32,829 | €30,582 | €25,611 | €22,598 | €20,545 | ▼ 9.1% |
| Amounts receivable within one year40/41 | €26,684 | €2,786 | €25,573 | €14,190 | €15,374 | ▲ 8.3% |
| Trade receivables40 | €23,583 | €0 | €25,573 | €14,190 | €14,769 | ▲ 4.1% |
| Other amounts receivable41 | €3,100 | €2,786 | €0 | - | €606 | - |
| Cash at bank and in hand54/58 | €6,145 | €25,638 | €0 | €8,408 | €5,171 | ▼ 38.5% |
| Deferred charges and accrued income490/1 | - | €2,158 | €39 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €33,826 | €31,113 | €25,675 | €22,598 | €21,811 | ▼ 3.5% |
| Equity10/15 | €13,193 | €15,811 | €6,902 | €9,263 | €9,865 | ▲ 6.5% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Outside capital11 | €3,000 | - | - | - | - | - |
| Other1109/19 | €3,000 | - | - | - | - | - |
| Reserves13 | €8,600 | €12,811 | €3,902 | €6,263 | €6,865 | ▲ 9.6% |
| Distributable reserves133 | €8,600 | €12,811 | €3,902 | €6,263 | €6,865 | ▲ 9.6% |
| Profit (loss) carried forward14 | €1,593 | €0 | - | - | - | - |
| Amounts payable17/49 | €20,633 | €15,302 | €18,774 | €13,334 | €11,945 | ▼ 10.4% |
| Amounts payable within one year42/48 | €20,633 | €15,302 | €18,774 | €13,334 | €11,945 | ▼ 10.4% |
| Financial debts43 | - | - | €4,124 | €0 | - | - |
| Credit institutions430/8 | - | - | €4,124 | €0 | - | - |
| Trade debts44 | €12,709 | €6,893 | €3,853 | €4,133 | €2,937 | ▼ 28.9% |
| Suppliers440/4 | €12,709 | €6,893 | €3,853 | €4,133 | €2,937 | ▼ 28.9% |
| Taxes, remuneration and social security45 | €7,924 | €8,409 | €8,539 | €9,085 | €5,825 | ▼ 35.9% |
| Taxes450/3 | €5,424 | €5,909 | €7,039 | €6,745 | €5,825 | ▼ 13.6% |
| Remuneration and social security454/9 | €2,500 | €2,500 | €1,500 | €2,340 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | €2,258 | €117 | €3,183 | ▲ 2,629% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,502 | €2,618 | -€8,909 | €2,362 | €602 | ▼ 74.5% |
| + Depreciation and write-downs630 | €403 | €466 | €466 | €64 | €234 | ▲ 266% |
| Operating cash flow (approximation) | €1,904 | €3,084 | -€8,443 | €2,426 | €836 | ▼ 65.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€1,500 | - |
| Change in cash | - | €19,493 | -€25,638 | €8,408 | -€3,237 | ▼ 139% |
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 · micro schema · 31 days late
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €2,362
Net result €2,362 after one loss-making year.
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
31-12
Financial
Weakest financial yearnet -€8,909
Net result drops to -€8,909, the lowest in the series; recovery starts the following year.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
06-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 67 days late
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Izegem · 1 establishment unit since 2020
Ground area
617 m²
Building footprint
416 m²
Volume, LiDAR
2,640 m³
2 parcels, Flanders · tallest building 12.3 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Worksvision
since 20202.299.829.715
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36494D1338/00N000 | Flanders | 312 m² | 1 · 111 m² | 12.3 m · 3 fl. |
| 37009A0283/00L000 | Flanders | 305 m² | 1 · 305 m² | 9.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 204 EUR awarded · 204 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 204 EUR | 204 EUR |
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Of 20,025 companies in sector 43320 we hold annual accounts for 9,134. 4,619 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
Founded28-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0742608442
Also
9925:BE0742608442
Registered
31-10-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.