ANDREWOOD
ActiveSummary
For ANDREWOOD, one filing cycle of the annual accounts is missing. The 2024 annual accounts show equity of €39,029 and a net result of -€427. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 88% of 36381 sector peers (fiscal year 2024). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
No current score
Figures too old
The available figures for FY 2024 are too old to assess current financial health.
Filing: One filing cycle is missing
Axes, FY 2024 · tick = 2023
Profitability35▼-62
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
82.5%
Return on assets
-0.9%
Age of the figures
27 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts not filed
The financial year that closed on 30-06-2025 was due at the National Bank by 31-01-2026. Nothing is on record, 241 days later.
NBB · 10 filingsPosition against the passed deadline
30-06-2025 close31-01-2026 deadline29-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-06-2024 was due by 31-01-2025 and was filed on 14-02-2025, 14 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
14 d late
2023
on the day
2022
7 d early
2021
10 d late
2020
20 d early
2019
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 1 day before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€39,029▼ 1.1%
2023 · €39,456
Total assets
€47,306▲ 0.3%
2023 · €47,174
Net result
-€427
2023 · €11,299
Working capital
€38,939▼ 1.1%
2023 · €39,366
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€10,663▼ 438%-€716▲ 93.3%-€1,052▼ 46.9%€11,366-€427
Net result-€11,383below the sector's middle half▼ 306%-€814below the sector's middle half▲ 92.8%-€1,041below the sector's middle half▼ 27.9%€11,299within the sector's middle half-€427below the sector's middle half
Equity€30,012below the sector's middle half▼ 27.5%€29,198below the sector's middle half▼ 2.7%€28,157within the sector's middle half▼ 3.6%€39,456within the sector's middle half▲ 40.1%€39,029within the sector's middle half▼ 1.1%
Total assets€38,803below the sector's middle half▼ 17.9%€38,740below the sector's middle half▼ 0.2%€37,791below the sector's middle half▼ 2.4%€47,174below the sector's middle half▲ 24.8%€47,306below the sector's middle half▲ 0.3%
Debt€8,791▲ 49.6%€9,542▲ 8.5%€9,634▲ 1.0%€7,718▼ 19.9%€8,277▲ 7.2%
Working capital€29,922within the sector's middle half▼ 27.6%€29,108below the sector's middle half▼ 2.7%€28,067within the sector's middle half▼ 3.6%€39,366within the sector's middle half▲ 40.3%€38,939within the sector's middle half▼ 1.1%
Solvency77.3%above the sector's middle half▼ 10.2pp75.4%above the sector's middle half▼ 2.0pp74.5%above the sector's middle half▼ 0.9pp83.6%above the sector's middle half▲ 9.1pp82.5%above the sector's middle half▼ 1.1pp
Current ratio4.40above the sector's middle half▼ 3.624.05above the sector's middle half▼ 0.353.91above the sector's middle half▼ 0.146.10above the sector's middle half▲ 2.195.70above the sector's middle half▼ 0.40
Return on assets (ROA)-29.3%below the sector's middle half▼ 23.4pp-2.1%below the sector's middle half▲ 27.2pp-2.8%below the sector's middle half▼ 0.7pp24.0%above the sector's middle half▲ 26.7pp-0.9%below the sector's middle half▼ 24.9pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €427 after €11,366 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €47,306
Fixed assets
€90 =
Current assets
€47,216 ▲ 0.3%
Equity and liabilities €47,306
Equity
€39,029 ▼ 1.1%
Debt
€8,277 ▲ 7.2%
Debt's share of the balance-sheet total rises from 16.4% to 17.5%. Equity is lower and debt is higher.
Key figures and ratios
Debt to equity
0.21▲
2023 · 0.20
ROE
-1.1%▼
2023 · 28.6%
Debt ≤ 1 year
€8,277▲
2023 · €7,718
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | €590 | €398 | €363 | ▼ 8.8% |
| Gross operating margin9900 | -€10,205 | -€318 | -€462 | €11,764 | -€64 | ▼ 101% |
| Operating profit (loss)9901 | -€10,663 | -€716 | -€1,052 | €11,366 | -€427 | ▼ 104% |
| Financial income75/76B | - | - | €11 | - | - | - |
| Recurring financial income75 | - | - | €11 | - | - | - |
| Financial charges65/66B | - | - | - | €67 | - | - |
| Recurring financial charges65 | €720 | €98 | - | €67 | - | - |
| Profit (loss) for the period before taxes9903 | -€11,383 | -€814 | -€1,041 | €11,299 | -€427 | ▼ 104% |
| Profit (loss) for the period9904 | -€11,383 | -€814 | -€1,041 | €11,299 | -€427 | ▼ 104% |
| Profit (loss) for the period to be appropriated9905 | -€11,383 | -€814 | -€1,041 | €11,299 | -€427 | ▼ 104% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €38,803 | €38,740 | €37,791 | €47,174 | €47,306 | ▲ 0.3% |
| Fixed assets21/28 | €90 | €90 | €90 | €90 | €90 | = |
| Financial fixed assets28 | €90 | €90 | €90 | €90 | €90 | = |
| Current assets29/58 | €38,713 | €38,650 | €37,701 | €47,084 | €47,216 | ▲ 0.3% |
| Amounts receivable within one year40/41 | €36,765 | €36,842 | €36,923 | €46,923 | €46,923 | = |
| Trade receivables40 | - | - | €36,745 | €46,707 | €46,707 | = |
| Other amounts receivable41 | - | - | €178 | €216 | €216 | = |
| Cash at bank and in hand54/58 | €1,948 | €1,808 | €778 | €161 | €161 | = |
| Deferred charges and accrued income490/1 | - | - | - | - | €132 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €38,803 | €38,740 | €37,791 | €47,174 | €47,306 | ▲ 0.3% |
| Equity10/15 | €30,012 | €29,198 | €28,157 | €39,456 | €39,029 | ▼ 1.1% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | - | €6,200 | €6,200 | €6,200 | = |
| Issued capital100 | - | - | €18,600 | €18,600 | €18,600 | = |
| Uncalled capital101 | - | - | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €23,812 | €22,998 | €21,957 | €33,256 | €32,829 | ▼ 1.3% |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | €20,097 | €31,396 | €30,969 | ▼ 1.4% |
| Amounts payable17/49 | €8,791 | €9,542 | €9,634 | €7,718 | €8,277 | ▲ 7.2% |
| Amounts payable within one year42/48 | €8,791 | €9,542 | €9,634 | €7,718 | €8,277 | ▲ 7.2% |
| Trade debts44 | - | €851 | - | €328 | €887 | ▲ 170% |
| Suppliers440/4 | - | - | - | €328 | €887 | ▲ 170% |
| Other amounts payable47/48 | - | - | €9,634 | €7,390 | €7,390 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,383 | -€814 | -€1,041 | €11,299 | -€427 | ▼ 104% |
| Operating cash flow (approximation) | -€11,383 | -€814 | -€1,041 | €11,299 | -€427 | ▼ 104% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€140 | -€1,030 | -€617 | €0 | ▲ 100% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
14-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 14 days late
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Back to profitnet €11,299
Net result €11,299 after 4 loss-making years.
24-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
10-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 10 days late
2021
11-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Weakest financial yearnet -€11,383
Net result drops to -€11,383, the lowest in the series; recovery starts the following year.
28-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
28-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
01-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 121 days late
2017
27-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
12-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Oosterzele · 1 establishment unit since 2008
Ground area
1,982 m²
Building footprint
840 m²
Volume, LiDAR
3,788 m³
2 parcels, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Gontrode Heirweg 149, 9090 Merelbeke-Melle
since 20082.171.758.734
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44052A0608/00C000 | Flanders | 1,655 m² | 1 · 654 m² | 5.0 m · 1 fl. |
| 44040B0327/00T002 | Flanders | 327 m² | 1 · 186 m² | 10.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
CONCEPT BOIS
BE 0562.949.891
Jalhay · Eq €39,044
MENUISERIE FREDDY VERMEULEN
BE 0439.304.783
Florennes · Eq €39,003
BDV WINDOWS
BE 0715.668.968
Stabroek · Eq €38,990
HF MENUISERIE
BE 0794.362.593
Ohey · Eq €38,983
CEZAR CONCEPT
BE 0809.402.642
Thimister-Clermont · Eq €39,075
Of 20,025 companies in sector 43320 we hold annual accounts for 9,140. 7,167 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded08-07-2008
Fiscal year end30-06
Activities, NACEBEL 2025
43320Joinery installation
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.