ACTIVE

WORK IN PROGRESS BELGIUM

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Financial year 2025 · closed on 31/12/2025
Net result
30,7 k €
-77.7% YoY
Gross margin
2,5 M €
-5.2% YoY
Equity
2 M €
+1.5% YoY
Workforce
32,1 ETP
-8.8% YoY

What does WORK IN PROGRESS BELGIUM do?

WORK IN PROGRESS BELGIUM is a Private limited company incorporated in 2013. Its main activity is: Retail sale of clothing in specialised stores. Its registered office is in Etterbeek. It employs on average 32,1 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0535.877.488
Incorporation
21/06/2013
Legal form
Private limited company
Registered office
Boulevard Saint-Michel 65 box 6
1040 Etterbeek · BruxellesSee on map
Contributed capital
700 000,00 €
Latest accounts
31/12/2025
Average workforce
32,1 ETP
Activities (NACE)
47716Retail sale of clothing in specialised stores· main47716Retail sale of clothing in specialised stores47722Retail sale of footwear and leather goods in specialised stores47722Retail sale of footwear and leather goods in specialised stores47784Other retail sale of new goods in specialised stores47786Other retail sale of new goods in specialised stores
Joint committees (2)
  • 201
  • 302
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 13 financial years

2025202420232022202120202019201820172016201520142013
Income statement
Gross margin2,5 M €2,6 M €2,6 M €2,9 M €1,8 M €696,2 k €534,2 k €348,1 k €137,1 k €117,7 k €104,9 k €41,6 k €-23,8 k €
EBITDA819,9 k €1,1 M €1,2 M €1,9 M €1 M €327,3 k €178 k €48,3 k €-15,2 k €3,6 k €2,6 k €-55 k €-54,5 k €
Operating result154,5 k €256 k €303,4 k €1,3 M €661,5 k €118,1 k €64,8 k €-65,3 k €-78,8 k €-54,1 k €-53,7 k €-98,3 k €-61,1 k €
Net result30,7 k €137,6 k €73,6 k €951,9 k €553,8 k €87,8 k €35 k €-89,6 k €-98,6 k €-68 k €-65,6 k €-148,3 k €-61,2 k €
Balance sheet
Equity2 M €2 M €1,9 M €1,8 M €845,3 k €291,6 k €-476,2 k €-511,2 k €-421,7 k €-323,1 k €-255,1 k €-189,4 k €-41,2 k €
Total assets4,8 M €4,6 M €5,1 M €4,5 M €3,2 M €2,6 M €1,9 M €783,1 k €830,9 k €2,3 M €2 M €1,5 M €1,3 M €
Cash958,9 k €723,5 k €586,3 k €157,4 k €295,1 k €164,2 k €285,7 k €43,6 k €62,7 k €24,3 k €49,1 k €7,6 k €–
Debts2,7 M €2,6 M €3,2 M €2,7 M €2,4 M €2,3 M €2,3 M €1,3 M €1,3 M €2,7 M €2,2 M €1,7 M €1,3 M €
Other
Workforce32,1 ETP35,2 ETP34,6 ETP34,0 ETP18,7 ETP10,2 ETP9,0 ETP–––2,7 ETP2,7 ETP1,2 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 2 ended

Active mandates

Alban CAMBET

Director · since 29 septembre 2023

Active
Wilfried ATZERT

Director · since 29 septembre 2023

Active

Ended mandates

Clément BUTTNER

Manager · since 30 septembre 2016

Ended
Wilfried ATZERT

Manager

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date21/05/202625/08/202527/08/202407/06/202308/06/202207/06/2021
General meeting20/03/202620/06/202520/08/202406/06/202306/06/202206/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

13 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202520/03/202621/05/2026FrenchPDF
Abridged model31/12/202420/06/202525/08/2025FrenchPDF
Abridged model31/12/202320/08/202427/08/2024FrenchPDF
Abridged model31/12/202206/06/202307/06/2023FrenchPDF
Abridged model31/12/202106/06/202208/06/2022FrenchPDF
Abridged model31/12/202006/06/202107/06/2021FrenchPDF
Abridged model31/12/201906/06/202007/06/2020FrenchPDF
Micro model31/12/201806/06/201914/06/2019FrenchPDF
Micro model31/12/201706/06/201806/06/2018FrenchPDF
Micro model31/12/201606/06/201703/07/2017FrenchPDF
Abridged model31/12/201506/06/201614/06/2016FrenchPDF
Abridged model31/12/201406/06/201518/06/2015FrenchPDF
Abridged model31/12/201306/06/201420/08/2014FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 2 ended

Active mandates

Alban CAMBET

Director · since 29 septembre 2023

Active
Wilfried ATZERT

Director · since 29 septembre 2023

Active

Ended mandates

Clément BUTTNER

Manager · since 30 septembre 2016

Ended
Wilfried ATZERT

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates12/10/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office18/04/2023
    SIEGE SOCIAL
    PDF
  • Other15/01/2021
    OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates20/08/2020
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates08/11/2016
    DEMISSIONS, NOMINATIONS
    PDF
  • Other02/07/2013
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 202530,7 k €↓
  2. 2024
    Annual accounts 2024137,6 k €↑
  3. 2023
    Annual accounts 202373,6 k €↓
  4. 2022
    Annual accounts 2022951,9 k €↑
  5. 2021
    Annual accounts 2021553,8 k €↑
  6. 2020
    Annual accounts 202087,8 k €↑
  7. 2019
    Annual accounts 201935 k €↑
  8. 2018
    Annual accounts 2018-89,6 k €↑
  9. 2017
    Annual accounts 2017-98,6 k €↓
  10. 2016
    Annual accounts 2016-68 k €↓
  11. 2015
    Annual accounts 2015-65,6 k €↑
  12. 2014
    Annual accounts 2014-148,3 k €↓
  13. 2013
    Annual accounts 2013-61,2 k €
  14. 21/06/2013
    IncorporationPrivate limited company