A-Z WORKS
ActiveSummary
The annual accounts of A-Z WORKS for fiscal year 2024 show a net loss of 68% of total assets and of 53% of the equity at the start of that year. The 2024 annual accounts show equity of €39k and a net result of €-44k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 65% of 36375 sector peers (fiscal year 2024). The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
53
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-72
Solvency85▼-3
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days 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 tight (current ratio 1.14 against 2.23 in 2023; short-term debt: 30.1% and cash: 23.1% of total assets), and 40% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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
Sector 43
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 2024Solvency, return and age of the figures
Solvency
60%
Return on assets
-68%
Age of the figures
21 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 · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-08-2025, 4 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
4 d late
2023
30 d late
2022
25 d late
2021
5 d early
2020
37 d early
2019
36 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€39k▼ 53.1%
2023 · €82k
2018: €62k
2019: €64k
2020: €77k
2021: €53k
2022: €79k
2023: €82k
2018 → 2024
Total assets
€64k▼ 51.1%
2023 · €131k
2018: €119k
2019: €78k
2020: €101k
2021: €126k
2022: €151k
2023: €131k
2018 → 2024
Net result
€-44k
2023 · €4k
2018: €19k
2019: €1k
2020: €13k
2021: €15k
2022: €28k
2023: €4k
2018 → 2024
Working capital
€3k▼ 93.1%
2023 · €39k
2018: €55k
2019: €61k
2020: €75k
2021: €21k
2022: €38k
2023: €39k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€77k-€53k▼ 31.4%€79k▲ 49.3%€82k▲ 4.5%€39k▼ 53.1%
Operating result€20k-€20k▲ 3.6%€40k▲ 97.0%€6k▼ 84.2%€-37k
Net result€13k-€15k▲ 10.2%€28k▲ 87.7%€4k▼ 87.2%€-44k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €37k after €6k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €64k
Fixed assets
€42k ▼ 29.6%
Current assets
€22k ▼ 69.1%
Equity and liabilities €64k
Equity
€39k ▼ 53.1%
Debt
€26k ▼ 47.7%
Debt's share of the balance-sheet total rises from 37.4% to 40.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-16k▼
2023 · €26k
Cash flow
€-23k▼
2023 · €24k
Current ratio
1.14▼
2023 · 2.23
Debt to equity
0.67▲
2023 · 0.60
ROE
-113.3%▼
2023 · 4.3%
ROA
-68.0%▼
2023 · 2.7%
Interest coverage
-7.25▼
2023 · 15.18
Debt ≤ 1 year
€19k▼
2023 · €32k
Debt > 1 year
€6k▼
2023 · €17k
Income taxes
€5k▲
2023 · €1k
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 · 2024 against 2023 · 48 lines
Balance sheet
Code20232024
Assets
Total assets20/58€131k€64k▼
Fixed assets21/28€60k€42k▼
Tangible fixed assets22/27€58k€40k▼
Plant, machinery and equipment23€5k€3k▼
Furniture and vehicles24€53k€37k▼
Financial fixed assets28€2k€2k=
Current assets29/58€71k€22k▼
Amounts receivable within one year40/41€61k€7k▼
Trade receivables40€19k€371▼
Other amounts receivable41€42k€7k▼
Cash at bank and in hand54/58€10k€15k▲
Deferred charges and accrued income490/1€143€153▲
Equity and liabilities
Total equity and liabilities10/49€131k€64k▼
Equity10/15€82k€39k▼
Contributions10/11€6k€6k=
Reserves13€76k€76k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€76k€76k=
Profit (loss) carried forward14€0€-44k▼
Amounts payable17/49€49k€26k▼
Amounts payable after more than one year17€17k€6k▼
Financial debts170/4€17k€6k▼
Amounts payable within one year42/48€32k€19k▼
Current portion of amounts payable after more than one year42€17k€11k▼
Trade debts44€15k€7k▼
Suppliers440/4€15k€7k▼
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Other amounts payable47/48-€1k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€21k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€28k€-14k▼
Operating profit (loss)9901€6k€-37k▼
Financial income75/76B€149€175▲
Recurring financial income75€149€175▲
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€5k€-39k▼
Income taxes67/77€1k€5k▲
Profit (loss) for the period9904€4k€-44k▼
Profit (loss) for the period to be appropriated9905€4k€-44k▼
Appropriation of the result
Profit (loss) to be appropriated9906€4k€-44k▼
Transfer from equity791/2€0-
Transfer to equity691/2€4k€0▼
To other reserves6921€4k€0▼
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
31-12
Financial
Weakest financial yearnet €-44k ▼1338%
Net result drops to €-44k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
31-12
Financial
Highest result since 2018net €28k ▲87.7%
Operating result €40k, net result €28k, both a record.
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity triplescurrent ratio 5.09
Current ratio from 1.98 to 5.09; short-term debt falls from €56k to €15k.
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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 · 1 establishment unit since 2001
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.
Jeruzalemstraat 132000 AntwerpenGround area
458 m²
Parcel 11002A0847/00P000, Flanders. Linked by address, not a title deed.
1 establishment unit
Eric Meyer
since 20012.100.314.373
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11002A0847/00P000 | Flanders | 458 m² | - | - |
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
VHW Projecten
BE 0759.817.331
Scherpenheuvel-Zichem · Eq €38,572
MAGA BELGIUM
BE 0806.987.144
Aubange · Eq €38,558
PAMEX
BE 0749.448.922
Affligem · Eq €38,615
1 homme pour 1 heure
BE 0454.885.359
Sprimont · Eq €38,622
VOEGWERKEN WARNY
BE 0463.887.949
Leuven · Eq €38,652
Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 5,912 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-12-2000
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:erik@azworks.be