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Workways Belgium

Active
Public limited companyfounded 20205 years activeFloréallaan 156, 1180 Ukkel, BelgiumKBO/BCE: BE 0756.642.659
Summary

The computed 12-month bankruptcy probability of Workways Belgium is 4.3% (elevated). The 2024 annual accounts show negative equity (-€888,598) and a net result of -€334,973. Equity is shrinking by ~38.6% per year across the filed fiscal years. Its solvency ranks better than 9% of 1,206 sector peers (NACE 82, fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Overview

Activity
Other business support services
NACE 82990Activities of holding companies NACE 64210
#10 company by total assets in Ukkel, Administrative and support services sector2 sites
Size
€5.2mtotal assets 2024
Staff
1.2 FTE
Equity
-€888,598
Loss
-€334,973
Financial health
46 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
4.3%
Structure
Parent
WORKWAYS · 98.25%
Holdings
10
Accounts 69 days overdue0 of 3 deeds read
Why 46- Figures for FY 2024 (filed 18-10-2025)- Liquidity: current ratio 1.60, cash €26,712- 1 financial year not filed after the legal deadline; latest accounts 76 days late; 3 of the last 3 late+ Sector Office administrative, office support and other business support activities (NACE 82)Show the evidence

Checked score

Score 2024
46 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 19% of its sector peers (NACE 82, micro)
Financial strength · tick = 2023
Weak
Solvency 8-3
equity -17.0% of total assets
Liquidity 51+1
short-term debt 7.6% · cash 0.5%
Profitability 11-15
return on assets -6.4%
Bankruptcy probability, 12 months
4.3% Elevated
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (12,604 companies)
Last 24 months 11-2024: 7.0% 12-2024: 7.7%▲ +0.7 percentage points vs 11-2024 01-2025: 9.1%▲ +1.4 percentage points vs 12-2024highest value 02-2025: 9.1%● unchanged vs 01-2025highest value 03-2025: 9.1%● unchanged vs 02-2025highest value 04-2025: 4.2%▼ -4.9 percentage points vs 03-2025 05-2025: 4.2%● unchanged vs 04-2025 06-2025: 4.3%▲ +0.1 percentage points vs 05-2025 07-2025: 4.0%▼ -0.3 percentage points vs 06-2025 08-2025: 5.0%▲ +1.0 percentage point vs 07-2025 09-2025: 5.7%▲ +0.7 percentage points vs 08-2025 10-2025: 7.7%▲ +2.0 percentage points vs 09-2025 11-2025: 1.7%▼ -6.0 percentage points vs 10-2025lowest value 12-2025: 1.7%● unchanged vs 11-2025lowest value 01-2026: 1.7%● unchanged vs 12-2025 02-2026: 1.7%● unchanged vs 01-2026 03-2026: 1.7%● unchanged vs 02-2026 04-2026: 1.8%▲ +0.1 percentage points vs 03-2026 05-2026: 1.7%▼ -0.1 percentage points vs 04-2026 06-2026: 2.0%▲ +0.3 percentage points vs 05-2026 07-2026: 2.0%● unchanged vs 06-2026 08-2026: 2.7%▲ +0.7 percentage points vs 07-2026 09-2026: 3.0%▲ +0.3 percentage points vs 08-2026 10-2026: 4.3%▲ +1.3 percentage points vs 09-2026
No credit on open account
Liquidity ample (current ratio 1.6 against 0.61 in 2023; short-term debt: 7.6% and cash: 0.5% of total assets), but equity is negative.
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 82, micro): better than 10% on solvency, 41% on liquidity, 13% on profitability and 10% on growth.

The bankruptcy probability was computed on 07-10-2026 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

Six signals.
−lowers risk+raises risk○neutral
raises risk · Figures for FY 2024 (filed 18-10-2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 1.60, cash €26,712
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 76 days late; 3 of the last 3 late
NBB · filings
lowers risk · Sector Office administrative, office support and other business support activities (NACE 82)
KBO
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
21222324
2021 to 2024 · latest year -€888,598
neutral · Filed after the deadline
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. 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 · 4 filings
Deviation from the deadline
2025
not confirmed
2024
76 days late
2023
238 days late
2022
66 days late
2021
31 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 103 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · full…
  2. Annual accounts filedfiscal year 2023 · full…
  3. Liquidity triplescurrent ratio 1.60

Key points

  • Risk: Negative equityfiscal year 2024: debts exceed assets -€888,598 View
  • Caution: From profit to loss in 2024after €49,899 in 2023 -€334,973 View
  • Caution: Among the weakest 5% on equitysector median €458,287 · 1,209 companies -€888,598 View
  • Caution: Accounts not fileddeadline was 31-07-2026 69 days late View
  • Controlled by WORKWAYSitself parent of 10 companies 98.25% View

By topic

Financials

Fiscal year
2024
Total assets
€5.2m
Loss
-€334,973
Solvency
-17.0%
Total assets▲ 29.9%
Net result
20212024
Go to Financials

Timeline

Events
7
Since
2022
  1. 31-12-2023Back to profit
  2. 05-10-2023Annual accounts filed
  3. 31-12-2022Weakest financial year
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Other business support servicesNACE 82990
Founded
15-10-2020
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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