Bankrupt · Opening faillissement (CBE)

NEWWORK BELGIUM

BE0450781566

Rechtspersoon Public limited company 1 establishment

NEWWORK BELGIUM is a clothing manufacturer in Welkenraedt. Public Limited, started on 28 August 1993, 1 establishment.

Rue Trois Bourdons 31, 4840 Welkenraedt

Behind the company: ORITEX SRL.

Start date

28 August 1993

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

  • Negative equity NBB

    More debt than assets in 1 of the last 3 fiscal years.

  • Two loss years in a row NBB

    Negative result in 2022 and 2023.

  • Figures corrected NBB

    Corrected annual account filed for 2021.

  • Legal situation KBO

    Opening faillissement according to the CBE.

Financials

Financial year 2023

NEWWORK BELGIUM from Welkenraedt, company number BE0450781566, closed financial year 2023 with a result of € -63,420 after tax. For that financial year NEWWORK BELGIUM recorded a gross margin of € 223,547 and equity of € -55,270. Compared with financial year 2022, the result moved from € -101,437 to € -63,420. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 10, 2024.

What it is worth Caution

€ -55,270

▼ € 63,420 vs 2022

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -63,420

▲ 37 % less loss than in 2022

Profit after tax over the fiscal year.

Cash in the bank

€ 11,610

▼ 82% vs 2022

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -120,270.

People and assets in 2023

Wage cost

€ 191,970

▲ 45% vs 2022

Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 82,490

▼ 52% vs 2022

Of which on lease € 30,395.

Debts at end 2023

Bank debt ≈ 6 years to go

€ 732,853

▲ 16% vs 2022

€ 74,470 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.

Owed to suppliers

€ 179,718

▲ 51% vs 2022

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 25,324

▼ 53% vs 2022

Taxes, VAT and social contributions still to pay.

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Key figures per fiscal year Download key figures (CSV)
202120222023Change 2022 → 2023
Gross margin € 100,975 € 84,503 € 223,547 ▲ 165%
Profit after taxes € -24,415 € -101,437 € -63,420 ▲ € 38,017
Equity € 149,586 € 8,150 € -55,270 ▼ € 63,420
Total debts € 399,249 € 806,490 € 942,228 ▲ 17%
Cash € 148,043 € 65,930 € 11,610 ▼ 82%
Retained profit € 84,586 € -56,850 € -120,270 ▼ € 63,420
Bank debt € 195,300 € 629,085 € 732,853 ▲ 16%
Balance sheet total € 548,836 € 814,640 € 886,958 ▲ 9%

Key figures of NEWWORK BELGIUM, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.

What happened to NEWWORK BELGIUM?

What happened at NEWWORK BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

NEWWORK BELGIUM is active according to the CBE. Legal situation: Opening faillissement.

  • New annual accounts for financial year 2023: loss of € 63,420. filed late Source: NBB ↗
  • ORITEX SRL became a director. NBB
  • New establishment in Thimister-Clermont. KBO
  • Start of the company according to the CBE. KBO

In short

From € 24,415 loss in 2021 to € 63,420 loss in 2023.

Paid € 4,228 in corporate taxes since 2021.

Management

NEWWORK BELGIUM

Behind NEWWORK BELGIUM is ORITEX SRL.

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Directors

According to the 2023 annual accounts

ORITEX SRL

Director · represented by Orinel RICHARD VICTOR

since 2016

Establishments

Establishment units

Physical locations of this company

Registered office

Rue Trois Bourdons 31

4840 Welkenraedt

2.063.514.850

Rue de l'Avenir 10

4890 Thimister-Clermont

Active since 15 September 1993

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 1 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
0450.781.566
VAT number
BE 0450.781.566
Registered office
Rue Trois Bourdons 31, 4840 Welkenraedt
Names & denominations
NEWWORK BELGIUM
Enterprise type
Rechtspersoon
Legal form
Public limited company
Legal situation
Opening faillissement
Start date
28 August 1993
Peppol
Not registered
Activities · NACE

Vervaardiging van bovenkleding

Confectie van bovenkleding voor heren, dames en kinderen

Vervaardiging van andere bovenkleding

Groothandel in kleding, met uitzondering van werk- en onderkleding

Groothandel in kleding, kledingtoebehoren en bontartikelen

Frequently asked questions

What does NEWWORK BELGIUM do?
NEWWORK BELGIUM is a clothing manufacturer in Welkenraedt. Public Limited, started on 28 August 1993, 1 establishment.
What is the address of NEWWORK BELGIUM?
The registered office of NEWWORK BELGIUM is located at Rue Trois Bourdons 31, 4840 Welkenraedt.
Is NEWWORK BELGIUM still active?
No. The CBE lists NEWWORK BELGIUM with legal situation “Opening faillissement”. The date of the court ruling is published in the Belgian Official Gazette; the register does not carry it.
Is NEWWORK BELGIUM registered on Peppol?
No, NEWWORK BELGIUM is currently not registered on the Peppol network.
What is the enterprise number of NEWWORK BELGIUM?
The enterprise number of NEWWORK BELGIUM is BE0450781566.
When was NEWWORK BELGIUM founded?
NEWWORK BELGIUM was founded on 28 August 1993.