Financials
- Financial year
- 2025
- Total assets
- €593,314
- Loss
- -€241,143
- Solvency
- -16.8%
Total assets▼ 14.8%
Net result
20222025
ALTWOOD
Judicial reorganisationSummary
The file of ALTWOOD contains 1 judicial reorganisation, as published in the Belgian Official Gazette. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The 2025 annual accounts show negative equity (-€99,949) and a net result of -€241,143. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 9,592 sector peers (NACE 43, financial year 2025).
Are you a creditor?
Judicial reorganisation
Source: Belgian Official Gazette
Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.
The procedure
- Court
- Enterprise Court of Antwerp
- Opened
- 16 September 2026
- Track
- Reorganisation by collective agreement
- Docket number
- 20260058
- Moratorium until
- 16 January 2027
- Creditors' vote
- 6 January 2027
- Delegated judge
- Marc Dierckx
- Official Gazette
- 22-09-2026 (pdf) ↗search the document for 2026/138400
What to do now
- Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
- Check the amount the company lists you for: it has to tell you. If it is wrong, dispute it in writing.
- The company files a reorganisation plan and creditors vote on it at a hearing. A plan approved and confirmed by the court also binds those who voted against.
- What you deliver after the opening is not covered by the moratorium: agree clear payment terms.
- The file is in RegSol, where you can read the documents of the procedure.
Deadlines: the moratorium runs until 16 January 2027, unless the court extends or ends it earlier. The date of the vote on the plan is in the judgment and in RegSol.
View the file in RegSol ↗
Follow
Follow this reorganisation: you are alerted to an extension, the court's approval, the closure or a bankruptcy.
General information, not legal advice. If in doubt, your lawyer or your accountant can help.Creditor guide for this company
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Overview
Activity
Joinery installation
NACE 43320
10th largest employer in Aartselaar, Construction sector1 site
Size
€593,314total assets 2025
- Staff
- 6.4 FTE
- Equity
- -€99,949
- Loss
- -€241,143
Turnover not published (abbreviated or micro format)
Financial health
0
Critical
Checked score 2025Reorganisation running: about 1 in 4 bankrupt within the year
Structure
Accounts filed 27 days late0 of 4 deeds read
Signalsraises riskNegative equityIn judicial reorganisationneutralA punctual record breaksShow the evidence
Checked score
Score 2025
0
/ 100
Critical
Without a bankruptcy probability: score from the figures alone
Financial strength · tick = 2024
Weak
Solvency
8-37
equity -16.8% of total assets
Liquidity
4-18
short-term debt 110.1% · cash 3.0%
Profitability
0-71
return on assets -40.6%
Bankruptcy probability, 12 months
Judicial reorganisation
About 1 in 4 comparable companies went bankrupt within the year
A judicial reorganisation is open: we then compute no probability from the figures. Measured over every Belgian company in an open or failed reorganisation: 25% to 26% bankrupt within twelve months (2024 and 2025).
No credit on open account during an ongoing judicial reorganisation
Liquidity insufficient (current ratio 0.35, compared with 0.72 in 2024, below 1; short-term debt: 110.1% and cash: 3% of total assets), and equity is negative.
Signals
Three signals.
raises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year -€99,949
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 4 filingsDeviation from the deadline
2025
27 days late
2024
38 days early
2023
33 days early
2022
31 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 19 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 June (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
13-10-2026 today31-12-2026 year end31-07-2027 deadline
- OpeningEnterprise Court of Antwerp ·…
- Annual accounts filedfinancial year 2025 · abbreviated…
- Weakest financial yearnet -€241,143
Key points
- Risk: In judicial reorganisationtrustee not known 16-09-2026 View
- Risk: Negative equityfinancial year 2025: debts exceed assets -€99,949 View
- Caution: From profit to loss in 2025after €11,403 in 2024 -€241,143 View
- Caution: Among the weakest 5% on solvencysector median 44.1% · 9,592 companies -16.8% View
By topic
Timeline
- Events
- 9
- Since
- 2023
- Next accounts
- by 31-07-2027
- 23-06-2025Annual accounts filed
- 31-12-2024Highest result from 2022 to 2025
- 28-06-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Joinery installationNACE 43320
- Founded
- 05-11-2021
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Go further with this company
What should you check before you do business with this company?Supplier due diligence What were this company's board, registered office and name on a given date?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?Process a list How is the joinery installation sector doing?Sector figures
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