Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of Work Solutions is 3.0% (moderate). The 2022 annual accounts show equity of €8k and a net result of €14k. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 4 annual accounts.
Filing behaviour
From the deposit records, complete market-wideDeadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 13 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-06-2025, 43 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 7 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | 18-06-2025 | 43 d early | 2025-00176521 |
| 31-12-2023 | 31-07-2024 | 07-10-2024 | 68 d late | 2024-00497829 |
| 31-12-2022 | 31-07-2023 | 10-10-2023 | 71 d late | 2023-00483175 |
| 31-12-2021 | 31-07-2022 | 25-09-2023 | 421 d late | 2023-00461615 |
| 31-12-2020 | 31-07-2021 | 01-07-2021 | 30 d early | 2021-28700432 |
| 31-12-2019 | 31-07-2020 | 31-07-2020 | on the day | 2020-37300597 |
| 31-12-2018 | 31-07-2019 | 31-07-2019 | on the day | 2019-41700087 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsMore than 3 years active
Founded in 2017, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone3.0%
Moderate
0%0,5%1,5%4%10%≥25%
Higher-failure-rate sector
+Annual accounts: weaker financial profile
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€14k
Working capital€8k+494.5%
Annual accounts & ratios
Source: NBB · 2022Annual accounts filed on 18-06-2025 with the NBB · fiscal year 2024 · micro
€14k
-
18-22
€41k
+2306.3%
18-22
€8k
+494.5%
18-22
€8k
+494.5%
18-22
€1k
-
18-22
€33k
+9318.4%
18-22
€33k
+9318.4%
18-22
1.24
-74.5%
18-22
1.24
-74.5%
18-22
19.6%
-75.3%
18-22
4.09
+1484.3%
18-22
170.9%
-
18-22
33.5%
-
18-22
Figures by fiscal year
| Fiscal year | 2022 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | - |
| Net profit | €14k |
| Cash flow | - |
| Staff costs | - |
| Income taxes | €1k |
| Dividends | - |
| Total assets | €41k |
| Equity | €8k |
| Debt | €33k |
| of which ≤ 1y | €33k |
| of which > 1y | - |
| Working capital | €8k |
| Employees (FTE) | - |
Ratios (computed)
| 2022 | |
|---|---|
| Current ratio | 1.24 |
| Quick ratio | 1.24 |
| Working capital ratio | 19.6% |
| Solvency | 19.6% |
| Debt / equity | 4.09 |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | 33.5% |
| ROE | 170.9% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2022
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2022 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €41k |
| Current assets | 29/58 | €41k |
| Amounts receivable within one year | 40/41 | €41k |
| Cash & bank | 54/58 | €7 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €41k |
| Equity | 10/15 | €8k |
| Contributions / capital | 10/11 | €6k |
| Accumulated profits (losses) | 14 | €2k |
| Amounts payable | 17/49 | €33k |
| Amounts payable within one year | 42/48 | €33k |
| Trade debts payable within one year | 44 | €25k |
| Income statement | ||
| Gross operating margin | 9900 | €15k |
| Operating result | 9901 | €15k |
| Financial charges | 65 | €7 |
| Result before taxes | 9903 | €15k |
| Income taxes | 67/77 | €1k |
| Net result for the period | 9904 | €14k |
| Result to be appropriated | 9905 | €14k |
You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan.
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Ratios computed by Checked.
Health barometer
FY 2022 · computed68
/ 100
Healthy
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2022. Indicative, not credit advice.
Directors
Directors & mandates
2 directorsCurrent directors & mandates
-
lon BuzduganDirectorState Gazette act 22039516 (25-03-2022)Current17-03-2022 → present
Former directors (1)
-
Alexandr CaradjovDirectorState Gazette act 22039516 (25-03-2022)Former- → 17-03-2022
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Wederverkoop van telecommunicatie en bemiddelingsactiviteiten in verband met telecommunicatie(61200) |
| Legal form | Private limited company(610) |
| Incorporation | 23-05-2017 |
| Status | Active |
| Postal code | 9090 |
Structure & network
Locations & real estate
Registered office
from the Crossroads BankCannot 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.
Geraardsbergsesteenweg 1299090 Merelbeke-MelleEstablishment units
1 locationWok Solutions
since 20172.265.940.685
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area1,091 m²
Buildings2
Building footprint178 m²
Volume (LiDAR)1,057 m³
Tallest building10.8 m · ±2 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44024A0338/00H000 | Flanders | 585 m² | 1 · 89 m² | 10.8 m · 2 fl. |
| 44043A0161/00W011 | Flanders | 506 m² | 1 · 90 m² | 10.4 m · 2 fl. |
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.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
1 acts All acts · 1
updated 4 years ago
2022
25-03-2022 1 director appointed, 1 resigning
- lon Buzdugan, Bestuurder
- Alexandr Caradjov, Bestuurder
Analysis
Snowflake analysis
financial profile on 5 axes75
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
68
Profitability
100
Solvency
30
Growth
78
Stability
100
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Company registry
Company registry (CBE)
Crossroads BankActivities
Wederverkoop van telecommunicatie en bemiddelingsactiviteiten in verband met telecommunicatie61200Overige telecommunicatie61900Ontwerpen en programmeren van computerprogramma's62010Ontwerpen van computerprogramma’s62100
Primary activity highlighted.
Names & trade names
| Legal nameNL | Work Solutions |
Registered office
Geraardsbergsesteenweg 129
9090 Merelbeke-Melle, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.