Equity
€2,947 from €261,998 in 2020
Equity fell by 99% in 5 years.
WORKTODO
Lifetime
13 annual accounts with figures on one time axispeak €257,789 (2020)
€45,774▲ 44.4%
lowest -€183,494 (2021)
-€8,744▼ €3,531
peak €261,998 (2020)
€2,947▼ 74.8%
€490,546▼ 8.9%
peak 0 FTE (2014)
-not published
Board5 names since 2012
1 directorKALJOUW Ruben
Documentsfilings and deeds
27-07-20264 days before the deadline
2025micro format
Gross margin from €31,691 to €45,774Loss of €8,744Equity from €11,691 to €2,947Cash from €1,158 to €1,836
Key points
from the 2025 annual accountsLosses
-€13,957 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Turnover
≈ €320,000 estimated
The accounts state no turnover.
Debts
€490,546 90% of the balance sheet
Financial debts 17%Suppliers 30%Taxes and wages 1%Other 52%
Of this, €170,366 falls due within a year.
Filings
13 annual accounts since 2013
Six of the last ten came late. The 2016 accounts came latest: 116 days after the end of the period.
Position in the sector
0.5%
Lower solvency than 87% of companies in construction of buildings. Sector median 42.9% · 9,471 companies.
Checked score
53
Fair
Financially stronger than 19% of micro companies in construction of buildings (NACE 41)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,460 companies (NACE 41, micro).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.0%
01-2025: 1.0%● unchanged vs 12-2024
02-2025: 1.0%● unchanged vs 01-2025
03-2025: 1.1%▲ +0.1 percentage points vs 02-2025
04-2025: 1.1%● unchanged vs 03-2025
05-2025: 1.1%● unchanged vs 04-2025
06-2025: 1.2%▲ +0.1 percentage points vs 05-2025
07-2025: 1.4%▲ +0.2 percentage points vs 06-2025
08-2025: 1.7%▲ +0.3 percentage points vs 07-2025
09-2025: 1.7%● unchanged vs 08-2025
10-2025: 1.7%● unchanged vs 09-2025
11-2025: 1.7%● unchanged vs 10-2025
12-2025: 1.7%● unchanged vs 11-2025
01-2026: 1.7%● unchanged vs 12-2025
02-2026: 1.7%● unchanged vs 01-2026
03-2026: 1.8%▲ +0.1 percentage points vs 02-2026
04-2026: 1.7%▼ -0.1 percentage points vs 03-2026
05-2026: 1.8%▲ +0.1 percentage points vs 04-2026
06-2026: 1.8%● unchanged vs 05-2026
07-2026: 1.8%● unchanged vs 06-2026highest value
08-2026: 0.8%▼ -1.0 percentage point vs 07-2026lowest value
09-2026: 0.8%● unchanged vs 08-2026lowest value
10-2026: 0.8%● unchanged vs 09-2026lowest value
11-2026: 0.8%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Sector: Construction of residential and non-residential buildings (NACE 41)
Equity €2,947 (0.5% of total assets)
Liquidity: current ratio 0.98, cash €1,836
lowers risk
Size: total assets €547,676
Calculation
The band follows from the bankruptcy probability. 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 41, micro). It does better than 12% of them on solvency, 33% on liquidity, 24% on profitability and 7% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 912 companies had the same profile as WORKTODO has now. Each dot stands for 3 companies, two years later.
95.3%
were still trading
2.1%
stopped another way
2.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of WORKTODO itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 912 companies, not a prediction for WORKTODO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No publishable credit limit, so credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.98 (1.19 in 2024), below 1. Short-term debt is 31.1% and cash 0.3% of total assets. 99.5% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€8,744
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 9471 sector peers (2025).
NBB · sector comparisonPosition among 9471 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 days early
2024
13 days early
2023
28 days late
2022
31 days late
2021
11 days early
2020
2 days early
2019
87 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 17 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 July (4 of the last 5 accounts filed within 33 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0844763102
Demerger: WORKTODO splits off to WORKSERVICE
Resignations: KALJOUW Ruben, HOJOL Robert and GLIWKA Radoslaw · Appointment: KALJOUW Ruben (director) · 100 shares · General meeting of 28-02-2023 · Gazette deed
Demerger proposal: WORKTODO splits off to WORKSERVICE
Gazette deed
Resignation: Janusz Podgorski (director)
General meeting of 18-12-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| WORKTODO Hemiksem | - | - | 0.5% | - |
| IMMO J.G.H. Oud-Turnhout | - | - | 49.0% | - |
| MODUUL Ghent | - | - | 68.2% | - |
| MANY WORKS Overijse | €560,350 | 4.3% | 63.0% | - |
| Condroz Levage Havelange | - | - | 23.4% | - |
| TRUE BUILDING Beernem | - | - | 32.5% | - |
| Plafam Jette | €695,204 | 6.1% | 27.0% | - |
These companies have the same main activity as WORKTODO: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €566,000 and €592,000, founded between 2011 and 2014.
Official details
Source: KBO- Status
- Active since 27-03-2012Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 2 others
- Establishment unit
- 2.209.256.0632620 Hemiksem, since 27-03-2012
- Financial year end
- 31 December
- Peppol
- Reachable since 27-03-2025
Annual accounts 2025
- €547,676▼ 10.2%
- Filing
- Filed on 27-07-2026, 4 days before the end of the filing period
Insights on WORKTODO
WORKTODO files the micro format. That format states no turnover. The gross margin fell from €122,590 in 2013 to €45,774 in 2025.
The balance sheet grew most in 2016 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about WORKTODO
- What is the company number of WORKTODO?
- The company number of WORKTODO is 0844.763.102. The VAT number is the same number with BE in front: BE 0844.763.102.
- Where is WORKTODO based?
- The registered office is at Antwerpse steenweg 27, 2620 Hemiksem.Company details
- What does WORKTODO do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of WORKTODO?
- WORKTODO is a private limited company (BV).
- When was WORKTODO founded?
- WORKTODO was founded on 27-03-2012.
- Is WORKTODO still active?
- Yes, WORKTODO is an active enterprise in the KBO register.
- What is the turnover of WORKTODO?
- The turnover in financial year 2025 is ≈ €320,000. This figure is estimated from the gross margin of €45,774 and 164 comparable companies (NACE 41001). It probably lies between €180,000 and €570,000.Financials
- Is WORKTODO profitable?
- In financial year 2025, WORKTODO made a loss of €8,744.
- Where can I find the annual accounts of WORKTODO?
- WORKTODO filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of WORKTODO due?
- WORKTODO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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