THE WORKING GROUP
ActiveTHE WORKING GROUP has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €407k and a net result of €229k. Equity is growing by ~38.8% per year across the filed fiscal years. Its solvency ranks better than 38% of 8636 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
83
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability96▲+8
Solvency64▲+14
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 1.71 against 1.2 in 2024; short-term debt: 53.7% and cash: 34.4% of total assets), but 61% of the assets are financed with debt.
Credit advice 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
39%
Return on assets
22%
Age of the figures
9 mo
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 09-06-2026, 52 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
52 d early
2024
2 d late
2023
114 d early
2022
25 d early
2021
57 d late
2020
87 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, abbreviated schema
Equity
€407k▲ 129%
2024 · €178k
2020: €50k
2021: €69k
2022: €97k
2023: €68k
2024: €178k
2020 → 2025
Total assets
€1.05M▲ 44.6%
2024 · €723k
2020: €184k
2021: €312k
2022: €322k
2023: €655k
2024: €723k
2020 → 2025
Net result
€229k▲ 109%
2024 · €110k
2020: €47k
2021: €15k
2022: €31k
2023: €-64k
2024: €110k
2020 → 2025
Working capital
€396k▲ 275%
2024 · €105k
2020: €46k
2021: €60k
2022: €89k
2023: €4k
2024: €105k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€69k-€97k▲ 40.9%€68k▼ 29.4%€178k▲ 160%€407k▲ 129%
Operating result€19k-€27k▲ 39.9%€-63k€129k€291k▲ 126%
Net result€15k-€31k▲ 105%€-64k€110k€229k▲ 109%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 126% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.04M
Fixed assets
€87k▼ 6.8%
Current assets
€956k▲ 52.6%
Equity and liabilities €1.05M
Equity
€407k▲ 129%
Debt
€638k▲ 17.1%
The debt ratio falls from 75.4% to 61.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€338k▲
2024 · €176k
Cash flow
€277k▲
2024 · €157k
Solvency
39.0%▲
2024 · 24.6%
Current ratio
1.71▲
2024 · 1.20
Quick ratio
1.65▲
2024 · 1.14
Debt / equity
1.57▼
2024 · 3.06
ROE
56.3%▼
2024 · 61.6%
ROA
22.0%▲
2024 · 15.2%
Interest coverage
32.96▲
2024 · 10.36
Debt
€638k▲
2024 · €545k
Debt ≤ 1 year
€561k▲
2024 · €521k
Debt > 1 year
€7k▼
2024 · €23k
Income taxes
€51k▲
2024 · €3k
Staff costs
€690k▲
2024 · €604k
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€723k€1.05M▲
Formation expenses20€3k€2k▼
Fixed assets21/28€93k€87k▼
Tangible fixed assets22/27€91k€54k▼
Plant, machinery and equipment23€19k€21k▲
Furniture and vehicles24€2k€257▼
Leasing and similar rights25€41k€10k▼
Other tangible fixed assets26€28k€23k▼
Financial fixed assets28€2k€32k▲
Current assets29/58€627k€956k▲
Stocks and contracts in progress3€31k€33k▲
Stocks30/36€31k€33k▲
Amounts receivable within one year40/41€362k€563k▲
Trade receivables40€359k€559k▲
Other amounts receivable41€3k€3k▲
Cash at bank and in hand54/58€234k€360k▲
Deferred charges and accrued income490/1-€416
Equity and liabilities
Total equity and liabilities10/49€723k€1.05M▲
Equity10/15€178k€407k▲
Contributions10/11€3k€3k=
Reserves13€362k€362k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€15k€15k=
Distributable reserves133€346k€346k=
Profit (loss) carried forward14€-188k€42k▲
Amounts payable17/49€545k€638k▲
Amounts payable after more than one year17€23k€7k▼
Financial debts170/4€23k€6k▼
Other amounts payable178/9€800€800=
Amounts payable within one year42/48€521k€561k▲
Current portion of amounts payable after more than one year42€39k€16k▼
Financial debts43€10k€7k▼
Credit institutions430/8€10k€7k▼
Trade debts44€109k€113k▲
Suppliers440/4€109k€113k▲
Taxes, remuneration and social security45€164k€225k▲
Taxes450/3€75k€79k▲
Remuneration and social security454/9€89k€145k▲
Other amounts payable47/48€200k€200k=
Accrued charges and deferred income492/3-€70k
Income statement
Code20242025
Non-recurring operating income76A€23k€30k▲
Remuneration, social security and pensions62€604k€690k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47k€47k▼
Other operating charges640/8€6k€4k▼
Non-recurring operating charges66A€227-
Gross operating margin9900€786k€1.03M▲
Operating profit (loss)9901€129k€291k▲
Financial income75/76B€1k€129▼
Recurring financial income75€1k€129▼
Financial charges65/66B€17k€10k▼
Recurring financial charges65€17k€10k▼
Profit (loss) for the period before taxes9903€113k€281k▲
Income taxes67/77€3k€51k▲
Profit (loss) for the period9904€110k€229k▲
Profit (loss) for the period to be appropriated9905€110k€229k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-188k€42k▲
Profit (loss) brought forward from the previous period14P€-297k€-188k▲
Social balance
Average headcount (FTE)908713.013.8▲
The notes to these accounts (13 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
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2020net €229k ▲109%
Operating result €291k, net result €229k, both a record.
31-12
Financial
Equity above €200kEq €407k ▲129%
2 profitable years in a row build equity to €407k.
02-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 2 days late
2024
31-12
Financial
Back to profitnet €110k
Net result €110k after one loss-making year.
31-12
Financial
Equity above €150kEq €178k ▲160%
Equity rises from €68k to €178k.
08-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-64k ▼305%
Net result drops to €-64k, the lowest in the series; recovery starts the following year.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 57 days late
2021
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 87 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Mechelen · 1 establishment unit since 2020
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.
Generaal De Wittelaan 152800 MechelenGround area
2,862 m²
Building footprint
1,562 m²
Volume, LiDAR
11,721 m³
Parcel 12402A0174/00R002, Flanders · tallest building 8.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
THE WORKING GROUP
since 20202.298.460.431
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12402A0174/00R002 | Flanders | 2,862 m² | 1 · 1,562 m² | 8.8 m · 3 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.
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Of 82,554 companies in sector 70200 we hold annual accounts for 52,573. 36,244 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-12-2019
Fiscal year end31-12
Abbreviation NL
TWG
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
73110Advertising agencies
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:hello@theworkinggroup.be