WORKWEAR 7
ActiveThe computed 12-month bankruptcy probability of WORKWEAR 7 is 3.6% (moderate). For WORKWEAR 7, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show equity of €6k and a net result of €-10k. Equity is shrinking by ~24.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2024. Its solvency ranks better than 32% of 23195 sector peers (fiscal year 2022). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2022 · tick = 2021
Profitability0=
Solvency38▼-20
Growth30▼-2
Track record100
Bankruptcy probability, 12 months
3.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2022Solvency, return and age of the figures
Solvency
12.5%
Return on assets
-19.1%
Age of the figures
45 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 8 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline17-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 27-10-2023, 88 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
88 d late
2021
110 d late
2020
118 d late
2019
483 d late
← before the deadline
after the deadline →
Financials · fiscal year 2022, micro schema
Turnover
€78k▼ 10.6%
2018 · €87k
2018: €87k
2018 → 2022
EBIT margin
-11.3%▼ 26.8pp
2018 · 15.5%
2018: 15.5%
2018 → 2022
Net result
€-10k▲ 2.1%
2021 · €-10k
2018: €7k
2019: €4k
2020: €-5k
2021: €-10k
2018 → 2022
Working capital
€36k▲ 10.7%
2021 · €32k
2018: €45k
2019: €48k
2020: €41k
2021: €32k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Turnover€87k-€78k
Equity€27k-€31k▲ 13.1%€26k▼ 16.4%€16k▼ 38.1%€6k▼ 60.4%
Operating result€13k-€5k▼ 62.3%€-8k€-10k▼ 15.8%€-9k▲ 8.9%
Net result€7k-€4k▼ 48.5%€-5k€-10k▼ 94.5%€-10k▲ 2.1%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €9k in 2022 against €10k in 2021; the loss shrinks.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €50k
Fixed assets
€7k▼ 26.3%
Current assets
€43k▲ 10.2%
Equity and liabilities €50k
Equity
€6k▼ 60.4%
Debt
€44k▲ 33.5%
The debt ratio rises from 67.4% to 87.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-6k▲
2021 · €-7k
Cash flow
€-7k▲
2021 · €-7k
Solvency
12.5%▼
2021 · 32.6%
Current ratio
6.21▲
2021 · 6.07
Quick ratio
5.27▲
2021 · 4.25
Debt / equity
6.98▲
2021 · 2.07
ROE
-152.4%▼
2021 · -61.7%
ROA
-19.1%▲
2021 · -20.1%
Interest coverage
-8.11▼
2021 · -7.55
Debt
€44k▲
2021 · €33k
Debt ≤ 1 year
€7k▲
2021 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€49k€50k▲
Fixed assets21/28€10k€7k▼
Tangible fixed assets22/27€8k€6k▼
Plant, machinery and equipment23€624€397▼
Furniture and vehicles24€8k€6k▼
Financial fixed assets28€1k€1k=
Current assets29/58€39k€43k▲
Stocks and contracts in progress3€12k€6k▼
Stocks30/36€12k€6k▼
Amounts receivable within one year40/41€2k€5k▲
Trade receivables40-€0
Other amounts receivable41€2k€5k▲
Cash at bank and in hand54/58€25k€24k▼
Deferred charges and accrued income490/1-€7k
Equity and liabilities
Total equity and liabilities10/49€49k€50k▲
Equity10/15€16k€6k▼
Contributions10/11€6k€6k=
Capital10€6k€6k=
Issued capital100€19k€19k=
Uncalled capital101€12k€12k=
Reserves13€1k€1k=
Non-distributable reserves130/1€1k€1k=
Legal reserve130€1k€1k=
Profit (loss) carried forward14€8k€-1k▼
Amounts payable17/49€33k€44k▲
Amounts payable within one year42/48€6k€7k▲
Trade debts44€2k€4k▲
Suppliers440/4€2k€4k▲
Taxes, remuneration and social security45€4k€3k▼
Taxes450/3€4k€3k▼
Other amounts payable47/48-€258
Accrued charges and deferred income492/3€26k€37k▲
Income statement
Code20212022
Turnover70-€78k
Goods, raw materials, services and sundry goods60/61-€83k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▼
Other operating charges640/8€3k€2k▼
Gross operating margin9900€-4k€-5k▼
Operating profit (loss)9901€-10k€-9k▲
Financial income75/76B€826-
Recurring financial income75€1-
Non-recurring financial income76B€825-
Financial charges65/66B€936€768▼
Recurring financial charges65€936€768▼
Profit (loss) for the period before taxes9903€-10k€-10k▲
Profit (loss) for the period9904€-10k€-10k▲
Profit (loss) for the period to be appropriated9905€-10k€-10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€8k€-1k▼
Profit (loss) brought forward from the previous period14P€18k€8k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 88 days late
2022
18-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 110 days late
2021
31-12
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
26-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 118 days late
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 483 days late
26-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 849 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 60 days late
2016
07-11
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 99 days late
2015
12-11
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 104 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2012
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Emile Bockstaellaan 1411020 BrusselGround area
174 m²
Building footprint
144 m²
Volume, LiDAR
2,608 m³
Parcel 21815D0052/00F002, Brussels · tallest building 21.8 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
WORKWEAR 7
since 20122.301.672.319
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21815D0052/00F002 | Brussels | 174 m² | 1 · 144 m² | 21.8 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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BE 1012.862.221
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SEBCO TRADING
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BLOESEMSTEEK
BE 0771.652.816
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TVSG
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Antwerpen · Eq €5k
Of 264 companies in sector 47511 we hold annual accounts for 96. 58 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-09-2012
Fiscal year end31-12
Activities, NACEBEL
47511Retail trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.