WORKTOOLS
ActiveSummary
WORKTOOLS has been active since 2000 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €613,646 and a net result of €92,469. Equity is growing by about 14% per year across the filed financial years. Its solvency ranks better than 69% of 9,799 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Staff
- 1.8 FTE
- Equity
- €613,646
- Profit
- €92,469
- Parent
- MH SOLUTIONS · 100%
- HUYBERECHTS GlennDirector
- MALFROY Silke Myriam RitaDirector
Why 95raises riskSector: Specialised construction activities (NACE 43)lowers riskLiquidity: current ratio 3.05, cash €165,412Equity €613,646 (60.2% of total assets)Founded in 2000Show the evidence
Checked score
Fewer than 1 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 43, micro): better than 66% on solvency, 58% on liquidity, 59% on profitability and 51% on growth.
The bankruptcy probability was computed on 24-10-2026 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 27 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Annual accounts filedfinancial year 2024 · abbreviated…
- Resignations: HUYBERECHTS Christophe Philippe (statutory director)…Director discharge · Registered-office move
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result recovers in 2025; 2025 is 69% above 2024.
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.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction 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), Staff (FTE).
Peer companies
Historical observationOf the 31,373 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93.5% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,474 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% | 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% |
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 31,373 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 |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €76,077 | €75,138 | €79,509 | €112,086 | ▲ 41.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37,043 | €44,463 | €38,172 | €40,147 | €33,746 | €31,704 | €29,192 | ▼ 7.9% |
| Other operating charges640/8 | - | - | - | €2,497 | €3,667 | €5,173 | €3,350 | ▼ 35.3% |
| Gross operating margin9900 | €82,546 | €112,128 | €188,554 | €188,765 | €261,319 | €192,633 | €273,752 | ▲ 42.1% |
| Operating profit (loss)9901 | €38,844 | €65,170 | €133,718 | €70,045 | €148,769 | €76,247 | €129,124 | ▲ 69.3% |
| Financial income75/76B | - | - | - | €3,751 | €4,883 | €6,526 | €7,492 | ▲ 14.8% |
| Recurring financial income75 | €3,136 | €1,163 | €1,628 | €3,751 | €4,883 | €6,526 | €7,492 | ▲ 14.8% |
| Financial charges65/66B | - | - | - | €8,974 | €10,006 | €11,691 | €14,202 | ▲ 21.5% |
| Recurring financial charges65 | €8,607 | €8,958 | €7,672 | €8,974 | €10,006 | €11,691 | €14,202 | ▲ 21.5% |
| Profit (loss) for the period before taxes9903 | €38,449 | €57,532 | €126,144 | €64,822 | €143,645 | €71,082 | €122,414 | ▲ 72.2% |
| Income taxes67/77 | €9,000 | €11,029 | €25,177 | €18,099 | €38,071 | €15,321 | €29,945 | ▲ 95.4% |
| Profit (loss) for the period9904 | €29,449 | €46,504 | €100,968 | €46,723 | €105,574 | €55,761 | €92,469 | ▲ 65.8% |
| Profit (loss) for the period to be appropriated9905 | €29,449 | €46,504 | €100,968 | €46,723 | €105,574 | €55,761 | €92,469 | ▲ 65.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.5m | €0.8m | €0.8m | €0.8m | €0.8m | €1.0m | €1.0m | ▲ 2.9% |
| Fixed assets21/28 | €0.09m | €0.1m | €0.1m | €0.1m | €0.06m | €0.2m | €0.2m | ▲ 5.5% |
| Intangible fixed assets21 | €0.002m | €0.01m | €0.009m | €0.007m | €0.006m | €0.005m | €0.004m | ▼ 20.0% |
| Tangible fixed assets22/27 | €0.09m | €0.1m | €0.1m | €0.09m | €0.06m | €0.2m | €0.2m | ▲ 6.2% |
| Land and buildings22 | - | - | - | €289 | - | €0.2m | €0.2m | ▲ 12.9% |
| Plant, machinery and equipment23 | - | - | - | €0.05m | €0.03m | €0.03m | €0.02m | ▼ 39.7% |
| Furniture and vehicles24 | - | - | - | €0.02m | €0.01m | €0.002m | €0.003m | ▲ 22.1% |
| Leasing and similar rights25 | - | - | - | €0.02m | €0.009m | - | - | - |
| Financial fixed assets28 | - | - | - | - | - | - | €11 | - |
| Current assets29/58 | €0.4m | €0.6m | €0.7m | €0.7m | €0.7m | €0.8m | €0.8m | ▲ 2.2% |
| Amounts receivable after more than one year29 | - | - | - | - | - | €0.04m | - | - |
| Other amounts receivable291 | - | - | - | - | - | €0.04m | - | - |
| Stocks and contracts in progress3 | €0.2m | €0.3m | €0.4m | €0.4m | €0.4m | €0.3m | €0.4m | ▲ 10.9% |
| Stocks30/36 | - | - | - | €0.4m | €0.4m | €0.3m | €0.4m | ▲ 10.9% |
| Amounts receivable within one year40/41 | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | ▲ 4.3% |
| Trade receivables40 | - | - | - | €0.2m | €0.2m | €0.3m | €0.3m | ▲ 4.3% |
| Other amounts receivable41 | - | - | - | €0.001m | €166 | - | - | - |
| Cash at bank and in hand54/58 | €0.1m | €0.1m | €0.1m | €0.2m | €0.09m | €0.2m | €0.2m | ▲ 6.5% |
| Deferred charges and accrued income490/1 | - | - | - | €0.009m | €0.01m | €0.01m | €0.007m | ▼ 34.4% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.5m | €0.8m | €0.8m | €0.8m | €0.8m | €1.0m | €1.0m | ▲ 2.9% |
| Equity10/15 | €0.3m | €0.3m | €0.4m | €0.4m | €0.6m | €0.6m | €0.6m | ▲ 7.4% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | - | - | - |
| Distributable reserves133 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Profit (loss) carried forward14 | €0.1m | €0.2m | €0.3m | €0.3m | €0.4m | €0.4m | €0.5m | ▲ 9.6% |
| Amounts payable17/49 | €0.3m | €0.5m | €0.4m | €0.4m | €0.2m | €0.4m | €0.4m | ▼ 3.4% |
| Amounts payable after more than one year17 | €0.05m | €0.06m | €0.05m | €0.02m | €0.01m | €0.1m | €0.1m | = |
| Financial debts170/4 | - | - | - | €0.02m | €0.01m | €0.1m | €0.1m | = |
| Amounts payable within one year42/48 | €0.2m | €0.4m | €0.4m | €0.4m | €0.2m | €0.3m | €0.3m | ▼ 5.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.04m | €0.03m | €0.02m | €0.02m | ▼ 22.6% |
| Financial debts43 | - | - | - | €0.1m | - | - | - | - |
| Credit institutions430/8 | - | - | - | €0.1m | - | - | - | - |
| Trade debts44 | €0.08m | €0.2m | €0.2m | €0.1m | €0.2m | €0.2m | €0.1m | ▼ 17.1% |
| Suppliers440/4 | - | - | - | €0.1m | €0.2m | €0.2m | €0.1m | ▼ 17.1% |
| Taxes, remuneration and social security45 | - | - | - | €0.05m | €0.04m | €0.05m | €0.06m | ▲ 15.5% |
| Taxes450/3 | - | - | - | €0.03m | €0.03m | €0.04m | €0.04m | ▲ 11.1% |
| Remuneration and social security454/9 | - | - | - | €0.01m | €0.01m | €0.02m | €0.02m | ▲ 24.6% |
| Other amounts payable47/48 | - | - | - | - | - | €0.04m | €0.05m | ▲ 25.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,449 | €46,504 | €100,968 | €46,723 | €105,574 | €55,761 | €92,469 | ▲ 65.8% |
| + Depreciation and write-downs630 | €37,043 | €44,463 | €38,172 | €40,147 | €33,746 | €31,704 | €29,192 | ▼ 7.9% |
| Operating cash flow (approximation) | €66,492 | €90,967 | €139,139 | €86,870 | €139,320 | €87,465 | €121,661 | ▲ 39.1% |
| Investment in fixed assets (approximation) | - | -€97,718 | -€30,449 | -€2,062 | €0 | -€170,316 | -€40,289 | ▲ 76.3% |
| Change in cash | - | €33,353 | -€13,376 | €40,199 | -€69,286 | €61,599 | €10,162 | ▼ 83.5% |
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 25 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | abbreviated format | 19-12-2025 | 2025-00585678 |
| 30-06-2024 | abbreviated format | 06-01-2025 | 2025-00630092 |
| 30-06-2023 | abbreviated format | 29-01-2024 | 2024-00009208 |
| 30-06-2022 | abbreviated format | 13-01-2023 | 2023-20557508 |
| 30-06-2021 | abbreviated format | 20-01-2022 | 2022-01200423 |
| 30-06-2020 | abbreviated format | 14-12-2020 | 2020-75300273 |
| 30-06-2019 | abbreviated format | 23-12-2019 | 2019-76900456 |
| 30-06-2018 | abbreviated format | 12-12-2018 | 2018-74000450 |
| 30-06-2017 | abbreviated format | 13-12-2017 | 2017-71500594 |
| 30-06-2016 | abbreviated format | 19-12-2016 | 2016-70300279 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2022 · 1 entry · €480 awarded · €480 paidPublic 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 |
|---|---|
| HUYBERECHTS Glenn |
|
| MALFROY Silke Myriam Rita |
|
| HUYBERECHTS Christophe Philippe |
|
| SCHOENMAEKERS Karine Marie Jeanne |
|
Owners and capital
Owners
1 ownerChain of control
- MH SOLUTIONS
- WORKTOOLS
Highest known parent: MH SOLUTIONS. The sources do not say who stands above it.
Owners 1
- MH SOLUTIONSparent100%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
17-09
Gazette deed
Resignations: HUYBERECHTS Christophe Philippe (statutory director) and SCHOENMAEKERS Karine Marie Jeanne (statutair bestuurder opvolger)Director discharge · Registered-office move5 facts ▸
- General meeting, 05-09-2024
- Director resignation, HUYBERECHTS Christophe Philippe (statutory director)
- Director discharge, HUYBERECHTS Christophe Philippe
- Director resignation, SCHOENMAEKERS Karine Marie Jeanne (statutair bestuurder opvolger)
- Registered-office move, Clément Vanophemstraat 116,3090 Overijse
24-06
Gazette deed
Resignations: HUYBERECHTS Christophe Philippe, HUYBERECHTS Glenn and MALFROY Silke Myriam RitaAppointments: HUYBERECHTS Christophe Philippe, SCHOENMAEKERS Karine Marie Jeanne and 2 others · Amendment of the articles · Director discharge13 facts ▸
- General meeting, 17-10-2023
- Amendment of the articles
- Director resignation, HUYBERECHTS Christophe Philippe (manager)
- Director appointment, HUYBERECHTS Christophe Philippe (statutory director)
- Director discharge, HUYBERECHTS Christophe Philippe
- Director appointment, SCHOENMAEKERS Karine Marie Jeanne (statutair bestuurder opvolger)
- Director resignation, HUYBERECHTS Glenn (manager)
- Director appointment, HUYBERECHTS Glenn (director (not named in the articles))
- Director resignation, MALFROY Silke Myriam Rita (manager)
- Director appointment, MALFROY Silke Myriam Rita (director (not named in the articles))
- Director discharge, HUYBERECHTS Glenn
- Director discharge, MALFROY Silke Myriam Rita
- +1 further fact in this act
About the unread acts
Of the 7 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 5 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 24 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0471.859.864
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23033A0033/00M007 | Flanders | 1,447 m² | 1 · 204 m² | 10.8 m · 3 |
| 23544C0007/00P000 | Flanders | 839 m² | 1 · 685 m² | 8.8 m · 2 |
How the parcels are linked
Articles of association
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alonedeed of 24-06-2024
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, integrale vervanging” (deed in Dutch)deed of 17-09-2024
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- “Titel V. Algemene vergadering Artikel 17. Organisatie en bijeenroeping Ieder jaar wordt een gewone algemene vergadering van aandeelhouders…” (deed in Dutch)