Equity
-€100,408
Debts exceed assets in financial year 2024.
WORKWAYS
Overview
Lifetime
3 annual accounts with figures on one time axispeak -€919 (2024)
-€919▲ €3,475
lowest -€104,329 (2024)
-€104,329▼ €112,252
peak €3,921 (2023)
-€100,408▼ €104,329
€23.9m▲ 10.1%
Board2 names since 2021
2 directorsHARVEY David James Barnet and 1 other
Documentsfilings and deeds
15-10-202576 days late
2024financial year
Gross margin from -€4,394 to -€919Loss of €104,329Equity from €3,921 to -€100,408
Key points
from the 2024 annual accountsResult
-€104,329 -€104,329
From profit to loss in 2024, after a profit of €7,923 in 2023.
Debts
€23.9m 100% of the balance sheet
After one year 100%Within one year 0%
Of this, €57,457 falls due within a year.
Filings
3 annual accounts 101 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
At the same address
67 companies
Group
11 companies controlled
Heads a group.
Checked score
49
Fair
Financially stronger than 19% of medium-sized companies without a NACE code
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.1% Moderate
0%0.5%1.5%4%10%≥ 25%
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 7.0%highest value
01-2025: 3.6%▼ -3.4 percentage points vs 12-2024
02-2025: 3.6%● unchanged vs 01-2025
03-2025: 3.5%▼ -0.1 percentage points vs 02-2025
04-2025: 2.0%▼ -1.5 percentage points vs 03-2025
05-2025: 2.0%● unchanged vs 04-2025
06-2025: 2.0%● unchanged vs 05-2025
07-2025: 1.9%▼ -0.1 percentage points vs 06-2025
08-2025: 2.3%▲ +0.4 percentage points vs 07-2025
09-2025: 2.6%▲ +0.3 percentage points vs 08-2025
10-2025: 3.4%▲ +0.8 percentage points vs 09-2025
11-2025: 1.9%▼ -1.5 percentage points vs 10-2025
12-2025: 1.9%● unchanged vs 11-2025
01-2026: 1.9%● unchanged vs 12-2025
02-2026: 1.9%● unchanged vs 01-2026
03-2026: 1.9%● unchanged vs 02-2026
04-2026: 1.7%▼ -0.2 percentage points vs 03-2026
05-2026: 1.7%● unchanged vs 04-2026
06-2026: 1.7%● unchanged vs 05-2026
07-2026: 1.7%● unchanged vs 06-2026lowest value
08-2026: 2.1%▲ +0.4 percentage points vs 07-2026
09-2026: 2.3%▲ +0.2 percentage points vs 08-2026
10-2026: 3.1%▲ +0.8 percentage points vs 09-2026
11-2026: 3.1%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 413.55, cash €1,510
Figures for financial year 2024 (filed on 18-10-2025)
1 financial year not filed after the legal deadline; last filed accounts filed 76 days late; 3 of the last 3 accounts late
lowers risk
Size: total assets €23.8m
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 (no NACE code, medium-sized). It does better than 6% of them on solvency, 37% on liquidity, 34% on profitability and 0% on growth.
The bankruptcy probability was computed on 09-11-2026 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 31-12-2024.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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, 473 companies had the same profile as WORKWAYS has now. Each dot is one company, two years later.
95.3%
were still trading
2.7%
stopped another way
1.5%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of WORKWAYS itself is higher: 3.1% within 12 months. It rests on far more data about WORKWAYS than the profile alone.
Test of the method
The method was tested on the 497,447 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 473 companies, not a prediction for WORKWAYS. 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 credit on open account
Short-term debt is 0.2% and cash 0% of total assets. Equity is negative.
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 risk
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
222324
2022 to 2024 · latest year -€100,408
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 101 days later.
NBB · 3 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline09-11-2026 today
raises risk · 2024 accounts filed 76 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-10-2025, 76 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 3 filingsDeviation from the deadline
2025
not filed
2024
76 days late
2023
145 days late
2022
66 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 3 accounts on average 96 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (1)
Board and ownership
- HARVEY David James Barnet 8 sharesdeed of 30-12-2021
- ROGER Michael Alexis 92 sharesdeed of 30-12-2021
Shares in 1 company, Workways Belgium
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0779434293
Registered office moved from Brussels to Uccle
New registered office: Avenue de Floréal 156, 1180 Uccle · Previous registered office: Avenue Louise 401, 1050 Bruxelles · Board meeting of 25-01-2023 · Gazette deed
Incorporation
Founding capital of €10,000, 100 shares · Founders: HARVEY David James Barnet and ROGER Michael Alexis · Appointments: HARVEY David James Barnet (director) and ROGER Michael Alexis (director) · published on 30-12-2021 · Gazette deed
First establishment
Louizalaan 401, Ixelles
Official details
Source: KBO- Status
- Active since 28-12-2021Normal situation
- Registered office
- 68 active companies are registered at this address2 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- “L'investissement,la souscription,la prise ferme,le placement,la vente,l'achat et la négociation d'actions,parts,obligations,certificats,crédits,monnaies et autres valeurs mobilières…” (deed in French)From the articles, 4 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.331.588.0101050 Ixelles, since 28-12-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 29-01-2026
Annual accounts 2024
- -€919▲ 79.1%
- €104,329
- -€100,408
- €23.8m▲ 9.6%
- Filing
- Filed on 15-10-2025
Insights on WORKWAYS
The computed 12-month bankruptcy probability of WORKWAYS is 3.1% (moderate). The 2024 annual accounts show negative equity (-€100,408) and a net result of -€104,329.
Equity has been shrinking by about 1204% per year since 2022. The company has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2024
full format, filed on 15-10-2025, 76 days late2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 10 November 2026.
-€919
▲ €3,475
-€1,887
▲ €2,891
-€104,329
▼ €112,252
€23.7m
▲ 9.6%
-0.4%
▼ 0.4 percentage points
-
Turnover: not included in this filing.
Balance sheet
balance sheet total €23.8m on 31-12-2024What the company ownsHow it is paid for
in euro
in euro
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
23.8m | 21.7m | 16.8m | |
21/28 |
60,424 | 60,424 | 61,500 | |
28 |
60,424 | 60,424 | 61,500 | |
29/58 |
23.8m | 21.7m | 16.7m | |
29 |
22.9m | 21.1m | 16.4m | |
291 |
22.9m | 21.1m | 16.4m | |
40/41 |
122 | - | - | |
41 |
122 | - | - | |
54/58 |
1,510 | 1,793 | 6,113 | |
490/1 |
874,307 | 556,711 | 272,927 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
23.8m | 21.7m | 16.8m | |
10/15 |
-100,408 | 3,921 | -4,002 | |
10/11 |
10,000 | 10,000 | 10,000 | |
14 |
-110,408 | -6,079 | -14,002 | |
17/49 |
23.9m | 21.7m | 16.8m | |
17 |
22.9m | 21.1m | 16.4m | |
178/9 |
22.9m | 21.1m | 16.4m | |
42/48 |
57,457 | 56,490 | 61,500 | |
44 |
967 | - | - | |
440/4 |
967 | - | - | |
47/48 |
56,490 | 56,490 | 61,500 | |
492/3 |
974,720 | 555,023 | 285,264 | |
| Income statement | ||||
9900 |
-919 | -4,394 | -1,142 | |
640/8 |
968 | 384 | 507 | |
9901 |
-1,887 | -4,778 | -1,649 | |
75/76B |
317,598 | 283,783 | 272,927 | |
75 |
317,598 | 283,783 | 272,927 | |
65/66B |
420,040 | 271,082 | 285,280 | |
65 |
420,040 | 271,082 | 285,280 | |
9903 |
-104,329 | 7,923 | -14,002 | |
9904 |
-104,329 | 7,923 | -14,002 | |
9905 |
-104,329 | 7,923 | -14,002 | |
| Appropriation of the result | ||||
9906 |
-110,408 | -6,079 | -14,002 | |
14P |
-6,079 | -14,002 | - | |
| Document | ||||
The notes to these accounts have 3 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2024 (PDF), filed on 15-10-2025.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| - | - | 61,500 | ||
| -283 | -4,320 | - | ||
| 23.7m | 21.6m | 16.6m | ||
| -0.4% | 0.0% | 0.0% | ||
| - | 202.1% | - | ||
| -0.4% | 0.0% | -0.1% |
EBIT margin: not included in this filing.
A ratio outside any meaningful range has been withheld (balance sheet total €23.8m, equity -€100,408).
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2024 | 2023 | 2022 |
|---|---|---|---|
| Financial fixed assets | - | - | €61,500 |
Source: notes to the 2022 to 2024 annual accounts (statement of fixed assets)
Insights on WORKWAYS
The operating result for 2024 is a loss of €1,887, smaller than the loss of €4,778 in 2023.
Equity is negative. Debt (€23.9m) exceeds the balance-sheet total (€23.8m).
Board & ownership
Board
2 directors, since incorporationDirector (not named in the articles)
appointed by deed of 30-12-2021
6-year term from 2021
listed in the 2024 annual accounts, filed on 15-10-2025
Director (not named in the articles)
appointed by deed of 30-12-2021
6-year term from 2021
listed in the 2024 annual accounts, filed on 15-10-2025
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “Article 12. Représentation externe Chaque administrateur - aussi lorsqu'il y en a plusieurs - représen-te la société vis-à-vis de tiers…”deed of 30-12-2021
Mandates through the years
2 names, the dashed line is todayHARVEY David James Barnet
Director (not named in the articles)
Director (not named in the articles)
ROGER Michael Alexis
Director (not named in the articles)
Director (not named in the articles)
BoardRest of the term
Mandates as a list
- HARVEY David James Barnet
- Director (not named in the articles), appointed by deed of 30-12-2021, still in office
- ROGER Michael Alexis
- Director (not named in the articles), appointed by deed of 30-12-2021, still in office
Control
This company
WORKWAYS
Equity -€100,408
Loss €104,329 in 2024
Capital
- Contribution
- €10,000
- Shares
- 100
- Contribution per share
- €100
- Equity per share
- -€1,004 in 2024
- Source
- deed of 30-12-2021
Articles of association
deed of 30-12-2021 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
Shareholders
At incorporation
deed of 30-12-2021 ↗
- HARVEY David James Barnet 8 shares (8%)
- ROGER Michael Alexis 92 shares (92%)
Network & group
Holdings
own 2024 accountsThis companyWORKWAYS1 holding, 1 country
2024 accounts
Belgium 1 Equity Result
- BE WORKWAYS BELGIUM98.25% -€888,598 result -€334,973
Source: list of holdings in its own 2024 accounts. Every holding stands with its own latest accounts.
Heads the group WORKWAYS Group, risk and exposureAt the same address
Floréallaan 156, 1180 Uccle · 67 other companies| COLIPHIN INVEST
registered office since 16-06-2011 · founded in 2011 |
total assets €58.4m (2025) 0837.029.628 |
| TRINITY GROUP
registered office since 13-10-2011 · founded in 2011 |
total assets €48.0m (2025) 0837.028.341 |
| AILE FINANCE
establishment since 29-05-2013 · founded in 2013 |
total assets €42.3m (2025) 0534.778.816 |
| SILEX GROUP
registered office since 18-08-2016 · founded in 2016 |
total assets €38.2m (2025) 0661.565.338 |
| FINANCIERE IXELLES
establishment since 02-09-2013 · founded in 2013 |
total assets €24.6m (2025) 0537.837.482 |
| JDS IMMO
registered office since 23-06-2004 · founded in 2004 · negative equity (2024) · accounts filed late |
total assets €20.5m (2024) 0865.934.242 |
| K PROPERTIES BUSINESS
registered office since 19-05-2017 · founded in 2017 · accounts filed late |
total assets €18.0m (2024) 0675.857.594 |
| BAKER ONE INVESTMENTS
registered office since 02-10-2014 · founded in 2014 |
total assets €15.7m (2025) 0563.567.723 |
| ELIOfI
registered office since 09-12-2015 · founded in 1992 · accounts filed late |
total assets €12.9m (2024) 0643.577.380 |
| RENAISSANCE ET CELTITUDE
registered office since 01-04-2012 · founded in 2012 |
total assets €11.5m (2025) 0844.656.402 |
Holdings and subsidiaries
1 holding · 11 subsidiaries, including indirect onesHoldings 1
Share, source and own figures per holding (1)
- Workways BelgiumsubsidiaryEquity -€888,598 Loss of €334,973 in 2024 (profit of €49,899 in 2023) Checked score 46Sourceown accounts 202498.25%
All subsidiaries, including indirect ones 11
WORKWAYS or one of its subsidiaries holds more than half of the shares of these companies. A company it consolidates per the LEI register is listed too.
Workways Belgium 98.25%10 subsidiaries
- Doc Excelsior 100%
- Doc Keil 100%
- DOCSWO LTDIE 100%
- Excelsior 27 100%
- EXCELSIOR 40 100%
- Excelsior 4A 100%
- Excelsior 79-81 100%
- Excelsior 9 100%
- Imperia 18 100%
- LOZENBERG 7 100%
Holdings through the years 2022 to 2024
| Name | 2022 | 2023 | 2024 |
|---|---|---|---|
| Workways Belgium | 100% | 98.25% | |
Source: list of holdings in its own accounts
Connections & network
2 current directorsThe network starts from the directors of WORKWAYS. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Timeline
9 events since 2021Filings
Financial
Establishments
Address
202220242026
2026
Registered in the Peppol Directory Reachable for e-invoices through 0208:0779434293
2025
Annual accounts 2024 filed PDFfull format · 76 days late
2024
Weakest financial year net -€104,329 The net result drops to -€104,329, the lowest from 2022 to 2024.
Annual accounts 2023 filed PDFfull format · 145 days late
2023
Back to profit net €7,923 The net result is €7,923, after one loss-making year.
Annual accounts 2022 filed PDFfull format · 66 days late
Registered office moved from Brussels to UccleNew registered office: Avenue de Floréal 156, 1180 Uccle · Previous registered office: Avenue Louise 401, 1050 Bruxelles · Board meeting of 25-01-20232 points ▸
- Board meeting, 25-01-2023
- Registered-office move, Avenue de Floréal 156, 1180 Uccle
2021
IncorporationFounding capital of €10,000, 100 shares · Founders: HARVEY David James Barnet and ROGER Michael Alexis · Appointments: HARVEY David James Barnet (director) and ROGER Michael Alexis (director) · published on 30-12-20217 points ▸
- Founder, HARVEY David James Barnet
- Founder, ROGER Michael Alexis
- Founding capital, €10,000, 100 shares
- HARVEY David James Barnet holds 8 shares
- ROGER Michael Alexis holds 92 shares
- Director appointment, HARVEY David James Barnet (director (not named in the articles))
- Director appointment, ROGER Michael Alexis (director (not named in the articles))
- The deed holds 1 more point.
First establishment Louizalaan 401, Ixelles
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0779.434.293
- VAT number
- BE 0779.434.293
- Peppol ID
- 0208:0779434293
- Other Peppol ID
- 9925:BE0779434293
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 28-12-2021
- Financial year
- ends on 31 December
- Peppol
- Reachable since 29-01-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- WORKWAYS in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 30-12-2021 (in French)
Activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “L'investissement,la souscription,la prise ferme,le placement,la vente,l'achat et la négociation…”deed of 30-12-2021 (in French)
4 activities
- L'investissement,la souscription,la prise ferme,le placement,la vente,l'achat et la négociation d'actions,parts,obligations,certificats,crédits,monnaies et autres valeurs mobilières émises par des entreprises belges ou étrangères et qu'elles aient ou non un statut juridique (semi)-publique.
- La gestion des investissements et des participations dans des sociétés-filles,l'exercice de fonctions d'administration,la fourniture de conseils,management et autres services de même nature que les activités de la société. Ces services peuvent être fournis sur une base contractuelle ou statutaire et en la qualité de conseiller externe ou d'organe.
- Toutes entreprises,initiatives ou opérations visant à acquérir ou aliéner tous immeubles,ainsi qu'à procéder à tous lotissements,mises en valeur,promotion,location,gestion et rénovation de tous immeubles bâtis et non bâtis,et ce exclusivement à titre patrimonial.
- Accorder des prêts et avances sous quelle forme ou quelle durée que ce soit,à toutes les entreprises liées ou entreprises dans lesquelles elle possède une participation,ainsi que garantir tous les engagements des mêmes entreprises.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Floréallaan 156 registered office 1180 Uccle | ||
| Louizalaan 401 1050 Ixelles 64210 Activities of holding companies | 28-12-2021 | 2.331.588.010 |
1 former office
- Avenue Louise 401, 1050 Bruxelles until the deed of 21-03-2023
Buildings and parcels at the addresses
- Ground area
- 853 m²
- Buildings
- 722 m²
- Volume, LiDAR
- 13,284 m³
- Tallest building
- 39.2 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21807G0210/00Z002 | 482 m² | 1 · 470 m² | 39.2 m · 4 |
| 21016B0215/00Y002 | 370 m² | 1 · 252 m² | 20.5 m · 6 |