Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 40 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
S-WORKS from Wingene, company number BE0426844837, closed financial year 2025 with a result of € 746,213 after tax. For that financial year S-WORKS recorded revenue of € 2.5 million and equity of € 9 million. Compared with financial year 2024, the result moved from € 1.8 million to € 746,213. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on April 30, 2026.
€ 9 million
▲ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 746,213
▼ 58% vs 2024
Profit after tax over the fiscal year.
€ 218,068
▲ 115% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 8 million.
People and assets in 2025
3
Average over the fiscal year, from the social balance sheet.
€ 240,461
▲ 9% vs 2024
€ 80,200 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 2.2 million
▲ 118% vs 2024
€ 436,265 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 32,710
▼ 91% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 7 days on average.
€ 45,097
▼ 60% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 3,415,003 | € 2,779,529 | € 2,607,643 | € 2,472,547 | ▼ 5% |
| Profit after taxes | € 488,168 | € -846,138 | € 1,786,873 | € 746,213 | ▼ 58% |
| Equity | € 7,411,020 | € 6,564,883 | € 8,301,755 | € 8,997,968 | ▲ 8% |
| Total debts | € 2,442,495 | € 3,193,621 | € 4,170,267 | € 5,195,677 | ▲ 25% |
| Cash | € 132,138 | € 422,207 | € 101,421 | € 218,068 | ▲ 115% |
| Land & buildings | € 3,165,575 | € 3,058,515 | € 2,955,498 | € 3,382,399 | ▲ 14% |
| Retained profit | € 6,440,707 | € 5,594,569 | € 7,331,442 | € 8,027,655 | ▲ 9% |
| Bank debt | € 49,107 | € 954,339 | € 1,011,692 | € 2,203,926 | ▲ 118% |
| Balance sheet total | € 10,093,912 | € 9,954,902 | € 12,662,664 | € 14,372,316 | ▲ 14% |
| Employees (FTE) | 2 | 2.7 | 3 | 3 |
Key figures of S-WORKS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to S-WORKS?
What happened at S-WORKS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Katrien Goemaere stepped down as director. NBB
- Kris Callewaert stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 746,213 (▼ 58% vs 2024). Source: NBB ↗
- Katrien Goemaere became a director. NBB
- Kris Callewaert became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Wingene. KBO
In short
From € 488,168 profit in 2022 to € 746,213 profit in 2025.
Paid € 467,799 in corporate taxes since 2022.
Best year ever: 2024, with € 1.8 million profit.
Pays suppliers within 7 days on average.
Management
It owns 99.5% of Krismar Stables, 80% of Eco Logix and 25.5% of Callewaert Pallets (TSCP) NV itself.
Directors
According to the 2025 annual accounts
Katrien Goemaere
Director
Also active at: CALLEWAERT PALLETS, STEELS CONSTRUCTIONS, KRISMAR STABLES, KRISMAR, OROTRA, Allévi Invest
since 2010 · until 2029
Kris Callewaert
Managing director
Also active at: CALLEWAERT PALLETS, STEELS CONSTRUCTIONS, KRISMAR STABLES, KRISMAR, OROTRA, Allévi Invest, ECO LOGIX, GREENSTYLE +1 more
since 2010 · until 2029
Establishments
Establishment units
Physical locations of this company
Beernemsteenweg 61
8750 Wingene
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0426.844.837
- VAT number
- BE 0426.844.837
- Registered office
- Beernemsteenweg 61, 8750 Wingene
- Names & denominations
- S-WORKS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 December 1984
- Peppol
- Active · Active since 2 Oct 2025
- Activities · NACE
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