WORLDFIN
ActiveThe computed 12-month bankruptcy probability of WORLDFIN is 3.2% (moderate). For WORLDFIN, at least two filing cycles of the annual accounts are missing. The 2021 annual accounts show equity of €22k and a net result of €-36k. Equity is shrinking by ~24.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2023. Its solvency ranks better than 71% of 1080 sector peers (fiscal year 2021). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2021 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2021 · tick = 2020
Profitability0▼-71
Solvency90▼-10
Growth48▲+1
Track record100
Bankruptcy probability, 12 months
3.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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 2021Solvency, return and age of the figures
Solvency
64.5%
Return on assets
-105.9%
Age of the figures
57 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 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 · 6 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline18-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 01-09-2022, 32 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
32 d late
2020
208 d early
2019
95 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, full schema
Turnover
€250k▲ 54.7%
2020 · €162k
2018: €169k
2019: €173k
2020: €162k
2018 → 2021
EBIT margin
-13.8%▼ 23.2pp
2020 · 9.4%
2018: 3.6%
2019: -5.8%
2020: 9.4%
2018 → 2021
Net result
€-36k
2020 · €7k
2018: €-3k
2019: €-13k
2020: €7k
2018 → 2021
Working capital
€10k▼ 76.7%
2020 · €42k
2018: €31k
2019: €26k
2020: €42k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Turnover€169k-€173k▲ 2.4%€162k▼ 6.6%€250k▲ 54.7%
Equity€64k-€51k▼ 20.0%€58k▲ 13.8%€22k▼ 62.1%
Operating result€6k-€-10k€15k€-34k
Net result€-3k-€-13k▼ 378%€7k€-36k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €34k after €15k in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €34k
Fixed assets
€12k▼ 26.0%
Current assets
€22k▼ 58.3%
Equity and liabilities €34k
Equity
€22k▼ 62.1%
Debt
€12k▲ 11.2%
The debt ratio rises from 15.8% to 35.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-24k▼
2020 · €24k
Cash flow
€-25k▼
2020 · €16k
Solvency
64.5%▼
2020 · 84.2%
Current ratio
1.81▼
2020 · 4.96
Quick ratio
1.81▼
2020 · 4.96
Debt / equity
0.55
ROE
-164.0%▼
2020 · 12.1%
ROA
-105.9%▼
2020 · 10.2%
Interest coverage
-14.23
Debt
€12k▲
2020 · €11k
Debt ≤ 1 year
€12k▲
2020 · €11k
Debt > 1 year
€0
Staff costs
€52k
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 · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€69k€34k▼
Formation expenses20-€0
Fixed assets21/28€17k€12k▼
Tangible fixed assets22/27€16k€12k▼
Furniture and vehicles24-€12k
Financial fixed assets28€200€200=
Current assets29/58€52k€22k▼
Amounts receivable within one year40/41€1k€161▼
Trade receivables40-€0
Other amounts receivable41-€161
Cash at bank and in hand54/58€51k€22k▼
Equity and liabilities
Total equity and liabilities10/49€69k€34k▼
Equity10/15€58k€22k▼
Contributions10/11€19k€19k=
Capital10-€19k
Issued capital100-€19k
Reserves13€42k€42k=
Non-distributable reserves130/1-€980
Legal reserve130-€980
Distributable reserves133-€41k
Profit (loss) carried forward14€-3k€-39k▼
Amounts payable17/49€11k€12k▲
Amounts payable after more than one year17-€0
Amounts payable within one year42/48€11k€12k▲
Trade debts44€78€1k▲
Suppliers440/4-€1k
Taxes, remuneration and social security45-€11k
Taxes450/3-€4k
Remuneration and social security454/9-€7k
Accrued charges and deferred income492/3-€0
Income statement
Code20202021
Turnover70€162k€250k▲
Non-recurring operating income76A-€513
Goods, raw materials, services and sundry goods60/61-€216k
Remuneration, social security and pensions62-€52k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€11k▲
Other operating charges640/8-€7k
Non-recurring operating charges66A-€12
Gross operating margin9900€74k€35k▼
Operating profit (loss)9901€15k€-34k▼
Financial income75/76B-€10
Recurring financial income75-€10
Financial charges65/66B-€2k
Recurring financial charges65€4k€2k▼
Profit (loss) for the period before taxes9903€11k€-36k▼
Income taxes67/77€4k-
Profit (loss) for the period9904€7k€-36k▼
Profit (loss) for the period to be appropriated9905€7k€-36k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-39k
Profit (loss) brought forward from the previous period14P-€-3k
Social balance
Average headcount (FTE)9087-1.0
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2022
01-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 32 days late
2021
31-12
Financial
Weakest financial yearnet €-36k ▼612%
Net result drops to €-36k, the lowest in the series.
04-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €7k
Net result €7k after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 4.96
Current ratio from 1.74 to 4.96; short-term debt falls from €35k to €11k.
03-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 95 days late
2019
10-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 71 days late
2018
07-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 7 days late
2017
25-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
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, Elsene · 1 establishment unit since 2016
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.
Louizalaan 541050 ElseneGround area
2,921 m²
Building footprint
1,474 m²
Volume, LiDAR
36,944 m³
2 parcels, Brussels, Wallonia · tallest building 33.9 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
WORLDFIN
since 20162.249.259.457
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0001/00L000 | Brussels | 1,625 m² | 1 · 1,286 m² | 33.9 m · 9 fl. |
| 25763L0665/00A000 | Wallonia | 1,296 m² | 1 · 188 m² | 13.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 13,425 companies in sector 73300 we hold annual accounts for 6,901. 4,830 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-01-2016
Fiscal year end31-12
Activities, NACEBEL
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
82100Office administrative and support services
82190Office administrative, office support and other business support activities
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 6 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.