Summary
WorxEstate has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2022 annual accounts show equity of €42.97M and a net result of €522k. Equity is growing by ~237.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Axes, FY 2022 · tick = 2021
Profitability79▲+69
Solvency78▲+44
Growth85▲+30
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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 2022Solvency, return and age of the figures
Solvency
53.1%
Return on assets
0.6%
Age of the figures
45 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
42 d early
2023
29 d early
2022
33 d early
2021
31 d early
2020
30 d early
2019
38 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, full schema
Turnover
€5.69M▲ 1,460%
2021 · €365k
2018: €292klowest value
2021: €365k
2022: €5.69M▲ +1460% vs 2021highest value
2018 → 2022
EBIT margin
17.2%▲ 74.2pp
2021 · -57.0%
2018: 98.2%highest value
2021: -57.0%lowest value
2022: 17.2%▲ +130% vs 2021
2018 → 2022
Net result
€522k
2021 · €-528k
2018: €201k
2019: €-14k▼ -107% vs 2018
2020: €-122k▼ -760% vs 2019
2021: €-528k▼ -333% vs 2020lowest in 5 years
2022: €522k▲ +199% vs 2021highest in 5 years
2018 → 2022
Working capital
€20.62M
2021 · €-2.56M
2018: €221k
2019: €207k▼ -6.4% vs 2018
2020: €2.07M▲ +899% vs 2019
2021: €-2.56M▼ -224% vs 2020lowest in 5 years
2022: €20.62M▲ +904% vs 2021highest in 5 years
2018 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Turnover€292k-€365k€5.69M▲ 1,460%
2018: €292klowest value
2021: €365k
2022: €5.69M▲ +1460% vs 2021highest value
Equity€221k-€207k▼ 6.4%€2.07M▲ 899%€1.54M▼ 25.5%€42.97M▲ 2,693%
2018: €221k
2019: €207k▼ -6.4% vs 2018lowest in 5 years
2020: €2.07M▲ +899% vs 2019
2021: €1.54M▼ -25.5% vs 2020
2022: €42.97M▲ +2693% vs 2021highest in 5 years
Operating result€287k-€-5k€-122k▼ 2,453%€-208k▼ 70.9%€980k
2018: €287k
2019: €-5k▼ -102% vs 2018
2020: €-122k▼ -2453% vs 2019
2021: €-208k▼ -70.9% vs 2020lowest in 5 years
2022: €980k▲ +571% vs 2021highest in 5 years
Net result€201k-€-14k€-122k▼ 760%€-528k▼ 333%€522k
2018: €201k
2019: €-14k▼ -107% vs 2018
2020: €-122k▼ -760% vs 2019
2021: €-528k▼ -333% vs 2020lowest in 5 years
2022: €522k▲ +199% vs 2021highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2022: €980k after a loss of €208k in 2021, the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €80.92M
Fixed assets
€57.79M ▲ 265%
Current assets
€23.13M ▲ 1,281%
Equity and liabilities €80.94M
Equity
€42.97M ▲ 2,693%
Debt
€37.97M ▲ 138%
Debt's share of the balance-sheet total falls from 91.2% to 46.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€3.94M▲
2021 · €-105k
Cash flow
€3.48M▲
2021 · €-425k
Current ratio
9.24▲
2021 · 0.40
Debt to equity
0.88▼
2021 · 10.37
ROE
1.2%▲
2021 · -34.3%
ROA
0.6%▲
2021 · -3.0%
Interest coverage
5.83▲
2021 · -0.33
Debt ≤ 1 year
€2.50M▼
2021 · €4.24M
Debt > 1 year
€35.40M▲
2021 · €11.69M
Staff costs
€118k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 74 lines
Balance sheet
Code20212022
Assets
Total assets20/58€17.49M€80.94M▲
Formation expenses20-€22k
Fixed assets21/28€15.82M€57.79M▲
Tangible fixed assets22/27€15.40M€57.38M▲
Land and buildings22-€36.22M
Plant, machinery and equipment23€26k€105k▲
Furniture and vehicles24€396k€401k▲
Leasing and similar rights25€13.48M€13.07M▼
Other tangible fixed assets26€1.23M€6.80M▲
Assets under construction and advance payments27€268k€784k▲
Financial fixed assets28€414k€414k=
Other financial fixed assets284/8€414k€414k=
Shares284€414k€414k=
Current assets29/58€1.67M€23.13M▲
Amounts receivable after more than one year29-€20.00M
Other amounts receivable291-€20.00M
Amounts receivable within one year40/41€1.35M€1.78M▲
Trade receivables40€105k€759k▲
Other amounts receivable41€1.24M€1.03M▼
Cash at bank and in hand54/58€327k€1.14M▲
Deferred charges and accrued income490/1-€203k
Equity and liabilities
Total equity and liabilities10/49€17.49M€80.94M▲
Equity10/15€1.54M€42.97M▲
Contributions10/11€2.00M€37.67M▲
Capital10€2.00M€37.67M▲
Issued capital100€2.00M€37.67M▲
Reserves13€2k€3.54M▲
Non-distributable reserves130/1€2k€3.40M▲
Legal reserve130-€3.40M
Reserves not available under the articles1311€2k-
Tax-exempt reserves132-€124k
Distributable reserves133-€16k
Profit (loss) carried forward14€-463k€1.76M▲
Amounts payable17/49€15.95M€37.97M▲
Amounts payable after more than one year17€11.69M€35.40M▲
Financial debts170/4€11.69M€35.40M▲
Subordinated loans170€4.50M-
Leasing and similar obligations172€7.19M€6.34M▼
Credit institutions173-€29.06M
Amounts payable within one year42/48€4.24M€2.50M▼
Current portion of amounts payable after more than one year42€841k€1.60M▲
Financial debts43€2.35M-
Other loans439€2.35M-
Trade debts44€1.05M€868k▼
Suppliers440/4€1.05M€868k▼
Taxes, remuneration and social security45-€31k
Taxes450/3-€130
Remuneration and social security454/9-€31k
Accrued charges and deferred income492/3€21k€68k▲
Income statement
Code20212022
Operating income70/76A€414k€6.14M▲
Turnover70€365k€5.69M▲
Other operating income74€49k€449k▲
Operating charges60/66A€622k€5.16M▲
Services and other goods61€405k€1.45M▲
Remuneration, social security and pensions62-€118k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€103k€2.96M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-4k-
Provisions for liabilities and charges: additions (uses and reversals)635/8-€-490k
Other operating charges640/8€118k€981k▲
Non-recurring operating charges66A-€143k
Operating profit (loss)9901€-208k€980k▲
Financial income75/76B€0€237k▲
Recurring financial income75€0€237k▲
Other financial income752/9€0€237k▲
Financial charges65/66B€320k€694k▲
Recurring financial charges65€320k€694k▲
Debt charges650€319k€675k▲
Other financial charges652/9€562€19k▲
Profit (loss) for the period before taxes9903€-528k€522k▲
Profit (loss) for the period9904€-528k€522k▲
Profit (loss) for the period to be appropriated9905€-528k€522k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-463k€1.76M▲
Profit (loss) brought forward from the previous period14P€65k€1.24M▲
Social balance
Average headcount (FTE)9087-0.9
The notes to these accounts (72 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €414k | €6.14M | ▲ 1,383% |
| Turnover70 | €292k | - | - | €365k | €5.69M | ▲ 1,460% |
| Other operating income74 | - | - | - | €49k | €449k | ▲ 814% |
| Operating charges60/66A | - | - | - | €622k | €5.16M | ▲ 730% |
| Services and other goods61 | - | - | - | €405k | €1.45M | ▲ 258% |
| Remuneration, social security and pensions62 | - | - | - | - | €118k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €103k | €2.96M | ▲ 2,767% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €-4k | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €-490k | - |
| Other operating charges640/8 | - | - | - | €118k | €981k | ▲ 734% |
| Non-recurring operating charges66A | - | - | - | - | €143k | - |
| Operating profit (loss)9901 | €287k | €-5k | €-122k | €-208k | €980k | ▲ 571% |
| Financial income75/76B | - | - | - | €0 | €237k | ▲ 2,366,409,700% |
| Recurring financial income75 | €24 | - | - | €0 | €237k | ▲ 2,366,409,700% |
| Other financial income752/9 | - | - | - | €0 | €237k | ▲ 2,366,409,700% |
| Financial charges65/66B | - | - | - | €320k | €694k | ▲ 117% |
| Recurring financial charges65 | €299 | €995 | €255 | €320k | €694k | ▲ 117% |
| Debt charges650 | - | €995 | €255 | €319k | €675k | ▲ 112% |
| Other financial charges652/9 | - | - | - | €562 | €19k | ▲ 3,263% |
| Profit (loss) for the period before taxes9903 | €286k | €-6k | €-122k | €-528k | €522k | ▲ 199% |
| Income taxes67/77 | €86k | €8k | - | - | - | - |
| Profit (loss) for the period9904 | €201k | €-14k | €-122k | €-528k | €522k | ▲ 199% |
| Profit (loss) for the period to be appropriated9905 | €201k | €-14k | €-122k | €-528k | €522k | ▲ 199% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €504k | €501k | €2.08M | €17.49M | €80.94M | ▲ 363% |
| Formation expenses20 | - | - | - | - | €22k | - |
| Fixed assets21/28 | - | - | - | €15.82M | €57.79M | ▲ 265% |
| Tangible fixed assets22/27 | - | - | - | €15.40M | €57.38M | ▲ 272% |
| Land and buildings22 | - | - | - | - | €36.22M | - |
| Plant, machinery and equipment23 | - | - | - | €26k | €105k | ▲ 299% |
| Furniture and vehicles24 | - | - | - | €396k | €401k | ▲ 1.3% |
| Leasing and similar rights25 | - | - | - | €13.48M | €13.07M | ▼ 3.1% |
| Other tangible fixed assets26 | - | - | - | €1.23M | €6.80M | ▲ 452% |
| Assets under construction and advance payments27 | - | - | - | €268k | €784k | ▲ 193% |
| Financial fixed assets28 | - | - | - | €414k | €414k | = |
| Other financial fixed assets284/8 | - | - | - | €414k | €414k | = |
| Shares284 | - | - | - | €414k | €414k | = |
| Current assets29/58 | €504k | €501k | €2.08M | €1.67M | €23.13M | ▲ 1,281% |
| Amounts receivable after more than one year29 | - | - | - | - | €20.00M | - |
| Other amounts receivable291 | - | - | - | - | €20.00M | - |
| Amounts receivable within one year40/41 | €355k | €355k | €23k | €1.35M | €1.78M | ▲ 32.4% |
| Trade receivables40 | - | - | - | €105k | €759k | ▲ 624% |
| Other amounts receivable41 | - | - | - | €1.24M | €1.03M | ▼ 17.5% |
| Cash at bank and in hand54/58 | €150k | €146k | €2.06M | €327k | €1.14M | ▲ 248% |
| Deferred charges and accrued income490/1 | - | - | - | - | €203k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €504k | €501k | €2.08M | €17.49M | €80.94M | ▲ 363% |
| Equity10/15 | €221k | €207k | €2.07M | €1.54M | €42.97M | ▲ 2,693% |
| Contributions10/11 | €19k | €19k | - | €2.00M | €37.67M | ▲ 1,783% |
| Capital10 | - | - | - | €2.00M | €37.67M | ▲ 1,783% |
| Issued capital100 | - | - | - | €2.00M | €37.67M | ▲ 1,783% |
| Reserves13 | €2k | €2k | €2k | €2k | €3.54M | ▲ 190,807% |
| Non-distributable reserves130/1 | - | - | - | €2k | €3.40M | ▲ 183,210% |
| Legal reserve130 | - | - | - | - | €3.40M | - |
| Reserves not available under the articles1311 | - | - | - | €2k | - | - |
| Tax-exempt reserves132 | - | - | - | - | €124k | - |
| Distributable reserves133 | - | - | - | - | €16k | - |
| Profit (loss) carried forward14 | €201k | €187k | €65k | €-463k | €1.76M | ▲ 480% |
| Amounts payable17/49 | €283k | €294k | €15k | €15.95M | €37.97M | ▲ 138% |
| Amounts payable after more than one year17 | - | - | - | €11.69M | €35.40M | ▲ 203% |
| Financial debts170/4 | - | - | - | €11.69M | €35.40M | ▲ 203% |
| Subordinated loans170 | - | - | - | €4.50M | - | - |
| Leasing and similar obligations172 | - | - | - | €7.19M | €6.34M | ▼ 11.9% |
| Credit institutions173 | - | - | - | - | €29.06M | - |
| Amounts payable within one year42/48 | €283k | €294k | €15k | €4.24M | €2.50M | ▼ 41.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €841k | €1.60M | ▲ 90.7% |
| Financial debts43 | - | - | - | €2.35M | - | - |
| Other loans439 | - | - | - | €2.35M | - | - |
| Trade debts44 | €551 | - | €15k | €1.05M | €868k | ▼ 17.2% |
| Suppliers440/4 | - | - | - | €1.05M | €868k | ▼ 17.2% |
| Taxes, remuneration and social security45 | - | - | - | - | €31k | - |
| Taxes450/3 | - | - | - | - | €130 | - |
| Remuneration and social security454/9 | - | - | - | - | €31k | - |
| Accrued charges and deferred income492/3 | - | - | - | €21k | €68k | ▲ 218% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €201k | €-14k | €-122k | €-528k | €522k | ▲ 199% |
| + Depreciation and write-downs630 | - | - | - | €103k | €2.96M | ▲ 2,767% |
| Operating cash flow (approximation) | €201k | €-14k | €-122k | €-425k | €3.48M | ▲ 920% |
| Investment in fixed assets (approximation) | - | - | - | - | €-44.94M | - |
| Change in cash | - | €-4k | €1.91M | €-1.73M | €810k | ▲ 147% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €522k
Net result €522k after 3 loss-making years.
31-12
Financial
Liquidity times 23current ratio 9.24
Current ratio from 0.40 to 9.24; short-term debt falls from €4.24M to €2.50M.
31-12
Financial
Equity above €25MEq €42.97M ▲2,693%
Equity rises from €1.54M to €42.97M.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €-528k
Net result drops to €-528k, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity times 82current ratio 139.22
Current ratio from 1.70 to 139.22; short-term debt falls from €294k to €15k.
31-12
Financial
Equity above €2MEq €2.07M ▲899%
Equity rises from €207k to €2.07M.
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
05-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 5 days late
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
20-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 28 acts read
About the unread acts
We know of 28 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
28 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, Antwerpen · 2 establishment units since 2019
Ground area
2,295 m²
Building footprint
2,088 m²
Volume, LiDAR
16,111 m³
2 parcels, Flanders · tallest building 37.5 m, ±6 floors. Linked by address, not a title deed.
19
companies at this address
See who is registered here
2 establishment units
WorxEstate
since 20192.287.365.809
WorxEstate
since 20222.372.443.519
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12403D0141/00C003 | Flanders | 1,988 m² | 1 · 1,780 m² | 37.5 m · 2 fl. |
| 11002A0115/00D000 | Flanders | 308 m² | 1 · 308 m² | 19.3 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Ownership & control
2 parent companiesControl over this companyparent company per the LEI register2
Antwerpen
Antwerpen · indirect
controls
WorxEstateBE 0861.022.775
Recognitions · licences · registrations
Legal Entity Identifier
699400G3SSMTSCAG1L46
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Of 12,020 companies in sector 68203 we hold annual accounts for 5,986. 654 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded13-10-2003
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
68321Property management for co-owned buildings (syndics)
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.