WORKTEX
Dissolved and wound up on 26-02-2026Financials · financial year 2025, micro format
Annual accounts 2025 filed on 09-10-2025 PDF all 22 filings
Equity
€14,074▼ 56.9%
2024 · €32,620
Total assets
€73,383▼ 29.7%
2024 · €104,405
Net result
-€18,546▼ 999%
2024 · -€1,688
Working capital
€21,497▼ 42.0%
2024 · €37,082
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
-€15,235
2025
20192025
Net result
-€18,546
▼ 999%
2025
20192025
Equity
€14,074
▼ 56.9%
2025
20192025
Total assets
€73,383
▼ 29.7%
2025
20192025
Debt
€59,309
▼ 17.4%
2025
20192025
Working capital
€21,497
▼ 42.0%
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€4,934-€13,335▲ 170%-€981€6,600€2,732▼ 58.6%€2,109▼ 22.8%-€15,235
Net result-€2,512-€7,765-€8,529€1,897-€1,586-€1,688▼ 6.4%-€18,546▼ 999%
Equity€71,702-€79,466▲ 10.8%€70,937▼ 10.7%€71,235▲ 0.4%€34,308▼ 51.8%€32,620▼ 4.9%€14,074▼ 56.9%
Total assets€219,809-€190,396▼ 13.4%€169,768▼ 10.8%€159,714▼ 5.9%€114,354▼ 28.4%€104,405▼ 8.7%€73,383▼ 29.7%
Debt€148,108-€110,930▼ 25.1%€98,831▼ 10.9%€88,479▼ 10.5%€80,046▼ 9.5%€71,785▼ 10.3%€59,309▼ 17.4%
Working capital€75,094-€97,960▲ 30.4%€59,813▼ 38.9%€63,761▲ 6.6%€29,951▼ 53.0%€37,082▲ 23.8%€21,497▼ 42.0%
The operating result for 2025 is a loss of €15,235, after a profit of €2,109 in 2024. It is the lowest result since 2019.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €73,383
Fixed assets
€33,756 ▼ 27.7%
Current assets
€39,627 ▼ 31.4%
Equity and liabilities €73,383
Equity
€14,074 ▼ 56.9%
Debt
€59,309 ▼ 17.4%
Debt's share of the balance-sheet total rises from 68.8% to 80.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€2,316▼
2024 · €20,226
Cash flow
-€5,627▼
2024 · €16,429
Current ratio
2.19▼
2024 · 2.80
Quick ratio
2.10▼
2024 · 2.72
Debt to equity
4.21▲
2024 · 2.20
ROE
-131.8%▼
2024 · -5.2%
ROA
-25.3%▼
2024 · -1.6%
Interest coverage
-0.70▼
2024 · 5.33
Debt ≤ 1 year
€18,130▼
2024 · €20,649
Debt > 1 year
€40,964▼
2024 · €50,785
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,322 | €15,101 | €11,435 | €11,987 | €11,561 | €18,117 | €12,919 | ▼ 28.7% |
| Other operating charges640/8 | - | - | - | €1,967 | €1,290 | €339 | €1,230 | ▲ 263% |
| Gross operating margin9900 | €22,697 | €29,756 | €12,294 | €20,554 | €15,582 | €20,566 | -€1,086 | - |
| Operating profit (loss)9901 | €4,934 | €13,335 | -€981 | €6,600 | €2,732 | €2,109 | -€15,235 | - |
| Recurring financial income75 | €768 | €581 | €569 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €4,702 | €4,318 | €3,797 | €3,311 | ▼ 12.8% |
| Recurring financial charges65 | €6,554 | €6,159 | €5,129 | €4,702 | €4,318 | €3,797 | €3,311 | ▼ 12.8% |
| Profit (loss) for the period before taxes9903 | -€852 | €7,758 | -€5,541 | €1,897 | -€1,586 | -€1,688 | -€18,546 | ▼ 999% |
| Income taxes67/77 | €1,659 | -€7 | €2,989 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€2,512 | €7,765 | -€8,529 | €1,897 | -€1,586 | -€1,688 | -€18,546 | ▼ 999% |
| Profit (loss) for the period to be appropriated9905 | -€2,512 | €7,765 | -€8,529 | €1,897 | -€1,586 | -€1,688 | -€18,546 | ▼ 999% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €219,809 | €190,396 | €169,768 | €159,714 | €114,354 | €104,405 | €73,383 | ▼ 29.7% |
| Fixed assets21/28 | €89,191 | €74,090 | €88,340 | €76,352 | €64,792 | €46,675 | €33,756 | ▼ 27.7% |
| Tangible fixed assets22/27 | €89,191 | €74,090 | €88,340 | €76,352 | €64,792 | €46,675 | €33,756 | ▼ 27.7% |
| Land and buildings22 | - | - | - | €54,316 | €46,389 | €38,461 | €30,534 | ▼ 20.6% |
| Plant, machinery and equipment23 | - | - | - | €4,483 | €3,173 | €1,863 | €552 | ▼ 70.4% |
| Furniture and vehicles24 | - | - | - | €17,553 | €15,230 | €6,350 | €2,670 | ▼ 58.0% |
| Current assets29/58 | €130,618 | €116,307 | €81,429 | €83,361 | €49,563 | €57,731 | €39,627 | ▼ 31.4% |
| Stocks and contracts in progress3 | €76,038 | - | - | €1,589 | €1,589 | €1,589 | €1,589 | = |
| Stocks30/36 | - | - | - | €1,589 | €1,589 | €1,589 | €1,589 | = |
| Amounts receivable within one year40/41 | €30,432 | €66,905 | €17,472 | €7,481 | €3,945 | €3,945 | €255 | ▼ 93.5% |
| Trade receivables40 | - | - | - | €7,481 | €3,945 | €3,945 | - | - |
| Other amounts receivable41 | - | - | - | - | - | - | €255 | - |
| Cash at bank and in hand54/58 | €24,148 | €19,401 | €63,957 | €73,003 | €43,659 | €51,827 | €37,783 | ▼ 27.1% |
| Deferred charges and accrued income490/1 | - | - | - | €1,288 | €369 | €369 | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €219,809 | €190,396 | €169,768 | €159,714 | €114,354 | €104,405 | €73,383 | ▼ 29.7% |
| Equity10/15 | €71,702 | €79,466 | €70,937 | €71,235 | €34,308 | €32,620 | €14,074 | ▼ 56.9% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €29,576 | €29,576 | €29,576 | €29,576 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €27,716 | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €23,525 | €31,290 | €22,761 | €23,058 | €13,848 | €12,160 | -€6,386 | - |
| Amounts payable17/49 | €148,108 | €110,930 | €98,831 | €88,479 | €80,046 | €71,785 | €59,309 | ▼ 17.4% |
| Amounts payable after more than one year17 | €92,583 | €92,583 | €77,215 | €68,879 | €60,083 | €50,785 | €40,964 | ▼ 19.3% |
| Financial debts170/4 | - | - | - | €68,879 | €60,083 | €50,785 | €40,964 | ▼ 19.3% |
| Amounts payable within one year42/48 | €55,525 | €18,347 | €21,616 | €19,601 | €19,611 | €20,649 | €18,130 | ▼ 12.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €8,337 | €8,795 | €9,299 | €9,821 | ▲ 5.6% |
| Trade debts44 | €35,821 | €4,195 | €1,142 | €739 | €1,584 | €2,449 | - | - |
| Suppliers440/4 | - | - | - | €739 | €1,584 | €2,449 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €2,197 | €2,030 | €1,700 | - | - |
| Taxes450/3 | - | - | - | €2,197 | €2,030 | €1,700 | - | - |
| Other amounts payable47/48 | - | - | - | €8,328 | €7,202 | €7,202 | €8,309 | ▲ 15.4% |
| Accrued charges and deferred income492/3 | - | - | - | - | €352 | €352 | €215 | ▼ 38.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,512 | €7,765 | -€8,529 | €1,897 | -€1,586 | -€1,688 | -€18,546 | ▼ 999% |
| + Depreciation and write-downs630 | €15,322 | €15,101 | €11,435 | €11,987 | €11,561 | €18,117 | €12,919 | ▼ 28.7% |
| Operating cash flow (approximation) | €12,811 | €22,866 | €2,906 | €13,885 | €9,974 | €16,429 | -€5,627 | - |
| Investment in fixed assets (approximation) | - | €0 | -€25,685 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€4,747 | €44,556 | €9,046 | -€29,344 | €8,168 | -€14,044 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 22 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 09-10-2025 | 2025-00536512 | |
| 30-06-2024 | micro format | 14-01-2025 | 2025-00004218 | |
| 30-06-2023 | micro format | 29-01-2024 | 2024-00009210 | |
| 30-06-2022 | micro format | 13-01-2023 | 2023-20557507 | |
| 30-06-2021 | micro format | 20-01-2022 | 2022-01200421 | |
| 30-06-2020 | micro format | 14-12-2020 | 2020-75300272 | |
| 30-06-2019 | micro format | 23-12-2019 | 2019-76900454 | |
| 30-06-2018 | micro format | 12-12-2018 | 2018-74000448 | |
| 30-06-2017 | micro format | 13-12-2017 | 2017-71500592 | |
| 30-06-2016 | abbreviated format | 19-12-2016 | 2016-70300278 |