WORKWEAR SAAD
ActiveThe computed 12-month bankruptcy probability of WORKWEAR SAAD is 2.3% (moderate). The annual accounts of WORKWEAR SAAD for fiscal year 2025 show a net loss of 95% of the equity at the start of that year. The 2025 annual accounts show equity of €131 and a net result of €-3k. Equity is growing by ~68.6% per year across the filed fiscal years. Its solvency ranks better than 23% of 18173 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability68▼-2
Solvency25▼-1
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; 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 short (current ratio 0.56 against 0.62 in 2024; short-term debt: 59% and cash: 2% of total assets), and 100% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 →
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 2025Solvency, return and age of the figures
Solvency
0%
Return on assets
-0.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 18173 sector peers (2025).
NBB · sector comparisonPosition among 18173 sector peers
Solvency
better than 23%
← 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 17-07-2026, 14 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
14 d early
2024
49 d late
2023
232 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-3k
2024 · €3k
2023: €-1k
2024: €3k
2023 → 2025
Working capital
€-72k▼ 18.6%
2024 · €-60k
2023: €-351
2024: €-60k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€-351-€3k€131▼ 95.1%
Operating result€-1k-€5k€-2k
Net result€-1k-€3k€-3k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €2k after €5k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €274k
Fixed assets
€184k▼ 10.2%
Current assets
€90k▼ 8.4%
Equity and liabilities €274k
Equity
€131▼ 95.1%
Debt
€274k▼ 8.8%
The debt ratio rises from 99.1% to 100.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€18k▲
2024 · €10k
Cash flow
€18k▲
2024 · €9k
Solvency
0.0%▼
2024 · 0.9%
Current ratio
0.56▼
2024 · 0.62
Quick ratio
0.07▼
2024 · 0.13
ROA
-0.9%▼
2024 · 1.0%
Interest coverage
203.59▲
2024 · 16.59
Debt
€274k▼
2024 · €300k
Debt ≤ 1 year
€162k▲
2024 · €159k
Debt > 1 year
€110k▼
2024 · €142k
Equity ratios withheld: equity of €131 is too small for a meaningful ratio.
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€303k€274k▼
Fixed assets21/28€205k€184k▼
Tangible fixed assets22/27€202k€182k▼
Land and buildings22€202k€182k▼
Financial fixed assets28€2k€2k=
Current assets29/58€98k€90k▼
Stocks and contracts in progress3€78k€79k▲
Stocks30/36€78k€79k▲
Amounts receivable within one year40/41€3k€4k▲
Other amounts receivable41€3k€4k▲
Cash at bank and in hand54/58€17k€6k▼
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€303k€274k▼
Equity10/15€3k€131▼
Contributions10/11€1k€1k=
Profit (loss) carried forward14€2k€-869▼
Amounts payable17/49€300k€274k▼
Amounts payable after more than one year17€142k€110k▼
Financial debts170/4€142k€110k▼
Amounts payable within one year42/48€159k€162k▲
Current portion of amounts payable after more than one year42€31k€31k=
Trade debts44€38k€44k▲
Suppliers440/4€38k€44k▲
Taxes, remuneration and social security45€36k€32k▼
Taxes450/3€34k€30k▼
Remuneration and social security454/9€2k€2k▲
Other amounts payable47/48€53k€54k▲
Accrued charges and deferred income492/3-€2k
Income statement
Code20242025
Remuneration, social security and pensions62€1k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€21k▲
Other operating charges640/8€2k€6k▲
Gross operating margin9900€14k€24k▲
Operating profit (loss)9901€5k€-2k▼
Financial income75/76B€140€1▼
Recurring financial income75€140€1▼
Financial charges65/66B€629€90▼
Recurring financial charges65€629€90▼
Profit (loss) for the period before taxes9903€4k€-3k▼
Income taxes67/77€1k-
Profit (loss) for the period9904€3k€-3k▼
Profit (loss) for the period to be appropriated9905€3k€-3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2k€-869▼
Profit (loss) brought forward from the previous period14P€-1k€2k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-3k ▼184%
Net result drops to €-3k, the lowest in the series.
18-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 49 days late
20-03
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 232 days late
2024
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Antwerpen · 1 establishment unit since 2022
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.
Carnotstraat 1382060 AntwerpenGround area
167 m²
Building footprint
167 m²
Volume, LiDAR
2,609 m³
Parcel 11808H1067/00K000, Flanders · tallest building 24.5 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
WORKWEAR SAAD
since 20222.337.217.770
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H1067/00K000 | Flanders | 167 m² | 1 · 167 m² | 24.5 m · 7 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.
Similar companies · same sector, comparable size
BXL Conciergerie & Services
BE 0526.939.830
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Brasserie DEMANEZ
BE 0667.570.232
Sainte-Ode · Eq €202
FIREKILLSHOP
BE 0686.558.674
Menen · Eq €210
JMJ SHOPS
BE 0666.415.239
Asse · Eq €80
R. to. R.
BE 0438.623.904
Overijse · Eq €237
Of 4,245 companies in sector 47789 we hold annual accounts for 1,020. 20 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-10-2022
Fiscal year end31-12
Activities, NACEBEL
47789Other retail sale of new goods
47554Retail trade
47640Retail sale of games and toys
47650Retail trade
47713Retail trade
47715Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.