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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Figures corrected NBB
Corrected annual account filed for 2022.
Financials
Financial year 2025
EURO WORX from Brussel, company number BE0689893001, closed financial year 2025 with a result of € -61,065 after tax. For that financial year EURO WORX recorded a gross margin of € 1.6 million and equity of € 15,982. Compared with financial year 2024, the result moved from € -17,327 to € -61,065. The company made a loss. The buffer shrank hard: equity is 79 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 15,982
▼ 79% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -61,065
▼ 252 % more loss than in 2024
Profit after tax over the fiscal year.
€ 2,654
▼ 96% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -46,018.
People and assets in 2025
26.3
▼ 4.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.5 million
▼ 3% vs 2024
€ 57,400 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.
€ 10,969
▼ 34% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1.6 million
▲ 24% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 456,578
▲ 3% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,169,687 | € 1,486,678 | € 1,653,283 | € 1,561,237 | ▼ 6% |
| Profit after taxes | € 35,770 | € -5,860 | € -17,327 | € -61,065 | ▼ € 43,738 |
| Equity | € 100,234 | € 94,374 | € 77,047 | € 15,982 | ▼ 79% |
| Total debts | € 953,904 | € 1,786,163 | € 1,825,567 | € 2,121,914 | ▲ 16% |
| Cash | € 53,614 | € 117,514 | € 65,984 | € 2,654 | ▼ 96% |
| Retained profit | € 38,234 | € 32,374 | € 15,047 | € -46,018 | ▼ € 61,065 |
| Dividend | € 380,510 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 1,054,138 | € 1,880,536 | € 1,902,614 | € 2,137,897 | ▲ 12% |
| Employees (FTE) | 21.1 | 30.7 | 31 | 26.3 | ▼ 4.7 |
Key figures of EURO WORX, 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 EURO WORX?
What happened at EURO WORX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- H. MEHMET KARAKÜLAH stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 61,065. filed late Source: NBB ↗
- H. MEHMET KARAKÜLAH became a director. NBB
- New establishment in Elsene. KBO
- Start of the company according to the CBE. KBO
In short
From € 35,770 profit in 2022 to € 61,065 loss in 2025.
Paid € 92,289 in corporate taxes since 2022.
Best year ever: 2022, with € 35,770 profit.
On average € 59,400 of value added per employee in 2025.
Management
Directors
According to the 2025 annual accounts
H. MEHMET KARAKÜLAH
Managing director
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Louizalaan 367
1050 Brussel
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0689.893.001
- VAT number
- BE 0689.893.001
- Registered office
- Louizalaan 367, 1050 Brussel
- Names & denominations
- EURO WORX
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 7 February 2018
- Peppol
- Active · Active since 7 May 2026
- Activities · NACE
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