Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 52 % of short-term debt in 2023; threshold 65 %.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
GLOBAL WORKING SERVICE from Gent, company number BE0891559860, closed financial year 2023 with a result of € -31,697 after tax. For that financial year GLOBAL WORKING SERVICE recorded a gross margin of € 219,881 and equity of € 81,942. Compared with financial year 2022, the result moved from € 4,531 to € -31,697. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on September 25, 2024.
€ 81,942
▼ 28% vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -31,697
▼ still € 4,531 profit in 2022
Profit after tax over the fiscal year.
€ 1,388
▼ 62% vs 2022
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 51,526.
People and assets in 2023
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 167,935
▲ 46% 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.
€ 55,840
▼ 23% vs 2022
Of which on lease € 55,225.
Debts at end 2023
€ 47,130
▼ 20% vs 2022
€ 12,352 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 95,567
▼ 45% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 13,270
▼ 57% vs 2022
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € 71,738 | € 145,328 | € 219,881 | ▲ 51% |
| Profit after taxes | € 70,079 | € 4,531 | € -31,697 | ▼ € 36,228 |
| Equity | € 109,108 | € 113,639 | € 81,942 | ▼ 28% |
| Total debts | € 101,564 | € 287,542 | € 243,685 | ▼ 15% |
| Cash | € 14,422 | € 3,637 | € 1,388 | ▼ 62% |
| Retained profit | € 78,692 | € 83,223 | € 51,526 | ▼ 38% |
| Dividend | € 50,000 | € 0 | € 0 | |
| Bank debt | € 7,411 | € 59,122 | € 47,130 | ▼ 20% |
| Balance sheet total | € 210,672 | € 401,182 | € 325,627 | ▼ 19% |
Key figures of GLOBAL WORKING SERVICE, 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 GLOBAL WORKING SERVICE?
What happened at GLOBAL WORKING SERVICE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
GLOBAL WORKING SERVICE is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2023: loss of € 31,697 (▼ € 36,228 vs 2022). filed late Source: NBB ↗
- Capital increase of € 10,417, published in the Gazette. Source: Staatsblad ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 70,079 profit in 2021 to € 31,697 loss in 2023.
Paid € 8,179 in corporate taxes since 2021.
Best year ever: 2021, with € 70,079 profit.
Paid out € 50,000 in dividends to the owners in total.
Management
Behind GLOBAL WORKING SERVICE is Orhan Chanchoolu.
Directors
According to the 2023 annual accounts
Orhan Chanchoolu
Director
Establishments
Establishment units
Physical locations of this company
Beelbroekstraat 17
9040 Gent
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Capital increase
Source: Deed ↗- CHANCHOOLU Orhan(intekenaar) 16.4%
- SALIEV Sali(intekenaar) 5.5%
- DONCHEV Deyan Lalev(intekenaar) 4.1%
- RADOSLAVOV Miroslav(intekenaar) 4.1%
- MIHOVA Mariyana(intekenaar) 4.1%
Details
- Company number
- 0891.559.860
- VAT number
- BE 0891.559.860
- Registered office
- Beelbroekstraat 17, 9040 Gent
- Names & denominations
- GLOBAL WORKING SERVICE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 22 August 2007
- Peppol
- Not registered
- Activities · NACE
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