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Workx

Active
Private limited companyfounded 20241 yr activeZeeldraaiersweg 1, 3920 Lommel, BelgiumKBO/BCE: BE 1017.794.571
Summary

The computed 12-month bankruptcy probability of Workx is 2.3% (moderate). The 2025 annual accounts show negative equity (-€3,906) and a net result of -€7,906. Its solvency ranks better than 9% of 28051 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability7
Solvency20
Growth-
Track record67
Bankruptcy probability, 12 months
2.3% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.85; short-term debt: 104.6% and cash: 10.8% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
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 2025
Solvency, return and age of the figures
Solvency
-4.6%
Return on assets
-9.3%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 1 filing
Deviation from the deadline
2025
27 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 22 December 2024, Workx was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
-€3,906
Total assets
€84,643
Net result
-€7,906
Working capital
-€13,131

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €84,643
Fixed assets €9,225
Current assets €75,418
Key figures and ratios
2025 value
EBITDA
-€4,188
Cash flow
-€4,831
Solvency
-4.6%
Current ratio
0.85
Quick ratio
0.38
Debt to equity
-22.67
ROA
-9.3%
Interest coverage
-6.17
Debt
€88,549
Debt ≤ 1 year
€88,549
Staff costs
€101
Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 33 lines
Balance sheet Code2025
Assets
Total assets20/58€84,643
Fixed assets21/28€9,225
Tangible fixed assets22/27€9,225
Furniture and vehicles24€9,225
Current assets29/58€75,418
Stocks and contracts in progress3€41,781
Stocks30/36€41,781
Amounts receivable within one year40/41€24,512
Trade receivables40€20,911
Other amounts receivable41€3,601
Cash at bank and in hand54/58€9,125
Equity and liabilities
Total equity and liabilities10/49€84,643
Equity10/15-€3,906
Contributions10/11€4,000
Profit (loss) carried forward14-€7,906
Amounts payable17/49€88,549
Amounts payable within one year42/48€88,549
Trade debts44€24,559
Suppliers440/4€24,559
Other amounts payable47/48€63,991
Income statement Code2025
Remuneration, social security and pensions62€101
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,075
Other operating charges640/8€464
Gross operating margin9900-€3,623
Operating profit (loss)9901-€7,263
Financial income75/76B€36
Recurring financial income75€36
Financial charges65/66B€679
Recurring financial charges65€679
Profit (loss) for the period before taxes9903-€7,906
Profit (loss) for the period9904-€7,906
Profit (loss) for the period to be appropriated9905-€7,906
Appropriation of the result
Profit (loss) to be appropriated9906-€7,906

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€101
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,075
Other operating charges640/8€464
Gross operating margin9900-€3,623
Operating profit (loss)9901-€7,263
Financial income75/76B€36
Recurring financial income75€36
Financial charges65/66B€679
Recurring financial charges65€679
Profit (loss) for the period before taxes9903-€7,906
Profit (loss) for the period9904-€7,906
Profit (loss) for the period to be appropriated9905-€7,906
Line2025
Assets
Total assets20/58€84,643
Fixed assets21/28€9,225
Tangible fixed assets22/27€9,225
Furniture and vehicles24€9,225
Current assets29/58€75,418
Stocks and contracts in progress3€41,781
Stocks30/36€41,781
Amounts receivable within one year40/41€24,512
Trade receivables40€20,911
Other amounts receivable41€3,601
Cash at bank and in hand54/58€9,125
Equity and liabilities
Total equity and liabilities10/49€84,643
Equity10/15-€3,906
Contributions10/11€4,000
Profit (loss) carried forward14-€7,906
Amounts payable17/49€88,549
Amounts payable within one year42/48€88,549
Trade debts44€24,559
Suppliers440/4€24,559
Other amounts payable47/48€63,991
Line2025
Profit (loss) for the period9904-€7,906
+ Depreciation and write-downs630€3,075
Operating cash flow (approximation)-€4,831

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
27-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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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, Lommel · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
499 m²
Building footprint
116 m²
Volume, LiDAR
784 m³
Parcel 72345B1802/00L000, Flanders · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Workx
Zeeldraaiersweg 1, 3920 LommelRepair, maintenance and installation of machinery and equipment
since 20242.368.570.645
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
72345B1802/00L000 Flanders 499 m² 1 · 116 m² 10.9 m · 3 fl.
Linked by address, not proof of ownership
Good to know
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 and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 9,534 companies in sector 43222 we hold annual accounts for 5,666. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded22-12-2024
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
32130Manufacture of imitation jewellery and related articles
43211General electrical installation work
43221Plumbing work
43320Joinery installation
47120Other non-specialised retail sale

Scores and ratios are computed by Checked and are not a credit decision.