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Werkplus Maatwerk

Active
Non-profit associationfounded 199926 yrs activeWindhoek 17, 8790 Waregem, BelgiumKBO/BCE: BE 0466.950.179

Werkplus Maatwerk has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.37M and a net result of €315k. Equity is growing by ~11.7% per year across the filed fiscal years. Its solvency ranks better than 94% of 749 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).

Checked score

Score 2024
91 / 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability84▲+13
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €210k at 30 days acceptable
Liquidity ample (current ratio 7.37 against 5.09 in 2023; short-term debt: 10.9% and cash: 17.4% of total assets), and 10.9% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.
lowers riskneutral
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
elevated failure risk from 2 to 8 years 26 years 0 30 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
89.1%
Return on assets
11.9%
Age of the figures
21 mo
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 29-07-2025, 2 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
2 d early
2023
36 d early
2022
32 d early
2021
24 d early
2020
40 d early
2019
49 d early
← before the deadline after the deadline →
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

Financials · fiscal year 2024, abbreviated schema

Equity
€2.37M▲ 15.5%
2023 · €2.05M
2018: €1.16M 2019: €1.39M 2020: €1.47M 2021: €1.51M 2022: €1.55M 2023: €2.05M
2018 → 2024
Total assets
€2.65M▲ 5.7%
2023 · €2.51M
2018: €1.36M 2019: €1.56M 2020: €1.63M 2021: €1.68M 2022: €1.79M 2023: €2.51M
2018 → 2024
Net result
€315k▲ 504%
2023 · €52k
2018: €358k 2019: €234k 2020: €84k 2021: €44k 2022: €37k 2023: €52k
2018 → 2024
Working capital
€1.84M▲ 11.7%
2023 · €1.65M
2018: €1.01M 2019: €1.18M 2020: €1.16M 2021: €1.17M 2022: €1.20M 2023: €1.65M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20202021202220232024Trend
Equity€1.47M-€1.51M▲ 3.0%€1.55M▲ 2.4%€2.05M▲ 32.1%€2.37M▲ 15.5%
Operating result€92k-€54k▼ 41.0%€70k▲ 28.7%€48k▼ 31.2%€279k▲ 479%
Net result€84k-€44k▼ 48.1%€37k▼ 15.8%€52k▲ 42.4%€315k▲ 504%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
€0€100k€200k€300kOperating result 2020: €92k€92kNet result 2020: €84k€84kOperating result 2021: €54k€54kNet result 2021: €44k€44kOperating result 2022: €70k€70kNet result 2022: €37k€37kOperating result 2023: €48k€48kNet result 2023: €52k€52kOperating result 2024: €279k€279kNet result 2024: €315k€315k20202021202220232024
The operating result recovers in 2024; 2024 is 479% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.65M
Fixed assets €522k▲ 14.2%
Current assets €2.13M▲ 3.8%
Equity and liabilities €2.65M
Equity €2.37M▲ 15.5%
Debt €289k▼ 37.6%
The debt ratio falls from 18.5% to 10.9%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€455k
2023 · €180k
Cash flow
€492k
2023 · €184k
Solvency
89.1%
2023 · 81.5%
Current ratio
7.37
2023 · 5.09
Quick ratio
7.30
2023 · 5.04
Debt / equity
0.12
2023 · 0.23
ROE
13.3%
2023 · 2.6%
ROA
11.9%
2023 · 2.1%
Interest coverage
133.27
2023 · 69.44
Debt
€289k
2023 · €464k
Debt ≤ 1 year
€289k
2023 · €403k
Staff costs
€2.20M
2023 · €2.14M
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 · 2024 against 2023
Balance sheet Code20232024
Assets
Total assets20/58€2.51M€2.65M
Fixed assets21/28€457k€522k
Intangible fixed assets21€46k€19k
Tangible fixed assets22/27€406k€498k
Land and buildings22€17k€12k
Plant, machinery and equipment23€243k€226k
Furniture and vehicles24€86k€199k
Other tangible fixed assets26€59k€61k
Financial fixed assets28€6k€6k=
Current assets29/58€2.05M€2.13M
Stocks and contracts in progress3€23k€20k
Stocks30/36€23k€20k
Amounts receivable within one year40/41€162k€144k
Trade receivables40€143k€140k
Other amounts receivable41€18k€4k
Current investments50/53€1.47M€1.49M
Cash at bank and in hand54/58€356k€462k
Deferred charges and accrued income490/1€44k€13k
Equity and liabilities
Total equity and liabilities10/49€2.51M€2.65M
Equity10/15€2.05M€2.37M
Contributions10/11€52k€52k=
Capital10€52k€52k=
Profit (loss) carried forward14€2.00M€2.31M
Amounts payable17/49€464k€289k
Amounts payable within one year42/48€403k€289k
Financial debts43-€484
Credit institutions430/8-€484
Trade debts44€98k€35k
Suppliers440/4€98k€35k
Taxes, remuneration and social security45€303k€253k
Taxes450/3€46k-
Remuneration and social security454/9€257k€253k
Accrued charges and deferred income492/3€60k-
Income statement Code20232024
Remuneration, social security and pensions62€2.14M€2.20M
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€131k€177k
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€6k
Other operating charges640/8€8k€3k
Gross operating margin9900€2.33M€2.66M
Operating profit (loss)9901€48k€279k
Financial income75/76B€8k€40k
Recurring financial income75€8k€38k
Non-recurring financial income76B-€2k
Financial charges65/66B€4k€3k
Recurring financial charges65€3k€3k
Non-recurring financial charges66B€1k€3k
Profit (loss) for the period before taxes9903€52k€315k
Profit (loss) for the period9904€52k€315k
Profit (loss) for the period to be appropriated9905€52k€315k
Appropriation of the result
Profit (loss) to be appropriated9906€2.00M€2.31M
Profit (loss) brought forward from the previous period14P€1.94M€2.00M
Social balance
Average headcount (FTE)908753.460.4

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

2025
29-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-06
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial Equity above €2MEq €2.05M ▲32.1%
6 profitable years in a row build equity to €2.05M.
29-06
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial Weakest financial yearnet €37k ▼15.8%
Net result drops to €37k, the lowest in the series; recovery starts the following year.
07-07
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
21-06
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
12-06
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
22-07
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-06
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-05
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
22-06
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
11-03-2025 Bruno De Backer: Resigned as Director
11-03-2025 Joost Kerkhove: Resigned as Director
11-03-2025 Koen Van Steenbrugge: Resigned as Director
11-03-2025 Kristof Chanterie: Resigned as Director
11-03-2025 Luc Decavel: Resigned as Director
11-03-2025 Margot Desmet: Resigned as Director
11-03-2025 Maria Polfliet: Resigned as Director
11-03-2025 Maxim Laporte: Resigned as Director
11-03-2025 Nancy Vandenabeele: Resigned as Director
06-10-2022 Hilde Malfait: Resigned as Director
19-03-2019 Buyck Marie-Paule: Resigned as Director
19-03-2019 Deketele Annie: Resigned as Director
19-03-2019 Lambrech Luc: Resigned as Director
19-03-2019 Markey Christel: Resigned as Director
19-03-2019 Van Poucke Yvan: Resigned as Director
19-03-2019 Vanackere Melissa: Resigned as Director
19-03-2019 Vandenbroeke Heidi: Resigned as Director
19-03-2019 Vanherreweghe Willy: Resigned as Director
19-03-2019 Verbeke Mariane: Resigned as Director
19-03-2019 Verkaemer Carlos: Resigned as Director
19-03-2019 Veronique Amez: Resigned as Director
28-01-2015 Bruno Lahousse: Resigned as Director
19-02-2013 Lionel Beheydt: Resigned as Director
19-02-2013 Marie-Jeanne Dejaeghere: Resigned as Director
+ 2 not shown in this overview
Location & real-estate footprint
Registered office, Waregem · 1 establishment unit since 2006
establishment The establishment unit on the map
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.

Windhoek 178790 Waregem
Ground area
2,420 m²
Building footprint
884 m²
Volume, LiDAR
4,733 m³
Parcel 34040C0229/00W002, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Werkplus Maatwerk vzw
Windhoek 17, 8790 WaregemSocial work activities without accommodation
since 20062.155.000.894
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34040C0229/00W002 Flanders 2,420 m² 1 · 884 m² 7.6 m · 2 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.

Public money · subsidies and aid

Flemish government

2022 to 2025 · 22 entries · 3,805,784 EUR awarded · 3,791,901 EUR paid
Year Entries awardedpaid
2025 6 1,156,352 EUR1,178,499 EUR
2024 4 1,126,694 EUR1,150,904 EUR
2023 7 928,979 EUR906,216 EUR
2022 5 593,759 EUR556,282 EUR
Schemes
Erkenning en subsidiëring als maatwerkafdeling
4 entries · 3,607,007 EUR · 3,607,008 EUR paid · Departement Werk en Sociale Economie
Maatschappelijk Verantwoord Ondernemen (MVO)
2 entries · 82,646 EUR · 82,646 EUR paid · Departement Werk en Sociale Economie
Subsidies voor de omkadering van arbeidszorgmedewerkers (stopgezet)
5 entries · 65,304 EUR · 56,951 EUR paid · Departement Werk en Sociale Economie
Vlaams opleidingsverlof (VOV)
4 entries · 27,212 EUR · 27,212 EUR paid · Departement Werk en Sociale Economie
Oproepen innovatie en starters
1 entry · 12,260 EUR · 8,582 EUR paid · Departement Werk en Sociale Economie
Show 3 more
Individueel Maatwerk
1 entry · 7,890 EUR · 7,890 EUR paid · Departement Werk, Economie, Wetenschap, Innovatie en Sociale Economie
Werkbaarheidscheque (stopgezet)
4 entries · 2,233 EUR · 1,612 EUR paid · Departement Werk en Sociale Economie
Erkenning en subsidiëring lokale diensteneconomie-onderneming (stopgezet)
1 entry · 1,232 EUR · Departement Werk en Sociale Economie

Recognitions · licences · registrations

Recognised contractor

1 category
Werkplus Maatwerk VZW42048
category G3, class 1
decision 13-06-2022

Care and welfare

1 service
Werkplus Maatwerk
Care and Health agency · live

Recognised sheltered-work company

1 live approval
Recognised sheltered-work company

Quality registration as a provider

1 live approval
Quality registration as a provider
Toegekend · valid until 2027-01-27

Similar companies · same sector, comparable size

Of 7,006 companies in sector 96999 we hold annual accounts for 602. 155 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formNon-profit association
Founded27-09-1999
Fiscal year end31-12
Activities, NACEBEL
88993Social work activities without accommodation
93053
96999Other personal services
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers

Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.

Contact details

2 entries
E-mail:info@werkplus.be
Enterprise
Phone:056613438
Enterprise