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 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 25 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
COMMERCEWORKS from Waterloo, company number BE0473693659, closed financial year 2025 with a result of € 24,167 after tax. For that financial year COMMERCEWORKS recorded a gross margin of € 25,271 and equity of € -11,627. Compared with financial year 2024, the result moved from € 7,233 to € 24,167. Profitable, and profit is growing. 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 April 24, 2026.
€ -11,627
▲ € 24,167 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 24,167
▲ 234% vs 2024
Profit after tax over the fiscal year.
€ 2,352
▲ 83% 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 € -73,627.
People and assets in 2025
€ 1,617
▲ € 1,573 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1,667
Loans from banks and other lenders, long and short.
€ 2,849
▼ 50% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 373
▼ 68% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -496 | € 3,094 | € 8,321 | € 25,271 | ▲ 204% |
| Profit after taxes | € -6,302 | € 1,572 | € 7,233 | € 24,167 | ▲ 234% |
| Equity | € -44,599 | € -43,027 | € -35,794 | € -11,627 | ▲ € 24,167 |
| Total debts | € 55,652 | € 45,712 | € 41,845 | € 17,757 | ▼ 58% |
| Cash | € 6,067 | € 259 | € 1,282 | € 2,352 | ▲ 83% |
| Retained profit | € -106,599 | € -105,027 | € -97,794 | € -73,627 | ▲ € 24,167 |
| Bank debt | € 0 | € 0 | € 0 | € 1,667 | |
| Balance sheet total | € 11,053 | € 2,685 | € 6,051 | € 6,130 | ▲ 1% |
Key figures of COMMERCEWORKS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to COMMERCEWORKS?
What happened at COMMERCEWORKS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Kevin Doyle stepped down as director. NBB
- Adriano Prenna stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 24,167 (▲ 234% vs 2024). Source: NBB ↗
- Kevin Doyle became a director. NBB
- Adriano Prenna became a director. NBB
- New establishment in Waterloo. KBO
- Start of the company according to the CBE. KBO
In short
From € 6,302 loss in 2022 to € 24,167 profit in 2025.
Paid € 571 in corporate taxes since 2022.
Best year ever: 2025, with € 24,167 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
Kevin Doyle
Managing director
since 2024 · until 2030
Adriano Prenna
Managing director
since 2024 · until 2030
Establishments
Establishment units
Physical locations of this company
Avenue du Zodiaque 28
1410 Waterloo
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0473.693.659
- VAT number
- BE 0473.693.659
- Registered office
- Avenue du Zodiaque 28, 1410 Waterloo
- Names & denominations
- COMMERCEWORKS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 January 2001
- Peppol
- Active · Active since 30 Aug 2025
- Activities · NACE
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