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BELGIAN TIMBER

Active
Public limited companyfounded 200917 yrs activeIndustrielaan 5, 8790 Waregem, BelgiumKBO/BCE: BE 0809.271.097
Summary

BELGIAN TIMBER has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €211,062 and a net result of €4,214. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 91% of 4926 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability42▼-4
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity ample (current ratio 7.57 against 15.71 in 2024; short-term debt: 13.2% of total assets), and 13.3% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
86.7%
Return on assets
1.7%
Age of the figures
9 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 17 years 0 20 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 filings
Deviation from the deadline
2025
28 d late
2024
27 d late
2023
61 d late
2022
12 d early
2021
60 d late
2020
25 d late
2019
31 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 23 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

BELGIAN TIMBER was incorporated on 21 January 2009.1 Revenue fell from EUR 87,046 in 2018 to EUR 67,330 in 2020 and headcount from 3 full-time equivalents in 2018 to 2.1 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018, 2020 and 2025

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Financials · fiscal year 2025, full schema

Turnover
€67,330▼ 29.0%
2019 · €94,819
EBIT margin
-10.5%▼ 15.3pp
2019 · 4.8%
Net result
€4,214▼ 41.3%
2024 · €7,175
Working capital
€211,178▲ 2.0%
2024 · €206,964
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover
Operating result€4,468€3,559▼ 20.3%€4,724▲ 32.7%€5,112▲ 8.2%€3,441▼ 32.7%
Net result€4,033€2,984▼ 26.0%€8,540▲ 186%€7,175▼ 16.0%€4,214▼ 41.3%
EBIT margin
Equity€188,148▲ 2.2%€191,132▲ 1.6%€199,672▲ 4.5%€206,847▲ 3.6%€211,062▲ 2.0%
Total assets€205,865▲ 6.8%€205,613▼ 0.1%€213,885▲ 4.0%€221,037▲ 3.3%€243,311▲ 10.1%
Debt€17,600▲ 106%€14,365▼ 18.4%€14,096▼ 1.9%€14,073▼ 0.2%€32,133▲ 128%
Working capital€188,265▲ 2.2%€191,249▲ 1.6%€199,789▲ 4.5%€206,964▲ 3.6%€211,178▲ 2.0%
Staff (FTE)2.5▼ 3.8%2.5=2.9▲ 16.0%3▲ 3.4%2.1▼ 30.0%
Result per fiscal year
Operating resultNet result
€0€2,500€5,000€7,500Operating result 2021: €4,468€4,468Net result 2021: €4,033€4,033Operating result 2022: €3,559€3,559Net result 2022: €2,984€2,984Operating result 2023: €4,724€4,724Net result 2023: €8,540€8,540Operating result 2024: €5,112€5,112Net result 2024: €7,175€7,175Operating result 2025: €3,441€3,441Net result 2025: €4,214€4,21420212022202320242025€0€2,500€5,000€7,500Operating result 2023: €4,724€4,720Net result 2023: €8,540€8,540Operating result 2024: €5,112€5,110Net result 2024: €7,175€7,180Operating result 2025: €3,441€3,440Net result 2025: €4,214€4,210202320242025
The operating result falls in 2025; 2025 is 33% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €243,311
Equity €211,062 ▲ 2.0%
Provisions €117 =
Debt €32,133 ▲ 128%
Debt's share of the balance-sheet total rises from 6.4% to 13.2%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
Current ratio
7.57▼
2024 · 15.71
Debt to equity
0.15▲
2024 · 0.07
ROE
2.0%▼
2024 · 3.5%
ROA
1.7%▼
2024 · 3.2%
Debt ≤ 1 year
€32,133▲
2024 · €14,073
Staff costs
€62,268▼
2024 · €96,439
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 10,891 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.6% went bankrupt
4.0% stopped otherwise
95% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 10,891 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet Code20242025
Assets
Total assets20/58€221,037€243,311▲
Current assets29/58€221,037€243,311▲
Amounts receivable within one year40/41€217,940€238,424▲
Trade receivables40€25,344€16,400▼
Other amounts receivable41€192,596€222,024▲
Deferred charges and accrued income490/1€3,097€4,887▲
Equity and liabilities
Total equity and liabilities10/49€221,037€243,311▲
Equity10/15€206,847€211,062▲
Contributions10/11€300,000€300,000=
Capital10€300,000€300,000=
Issued capital100€300,000€300,000=
Reserves13€1,947€1,947=
Non-distributable reserves130/1€1,947€1,947=
Legal reserve130€1,947€1,947=
Profit (loss) carried forward14-€95,099-€90,885▲
Provisions and deferred taxes16€117€117=
Provisions for liabilities and charges160/5€117€117=
Pensions and similar obligations160€117€117=
Amounts payable17/49€14,073€32,133▲
Amounts payable within one year42/48€14,073€32,133▲
Trade debts44€3,820€27,386▲
Suppliers440/4€3,820€27,386▲
Taxes, remuneration and social security45€10,253€4,747▼
Taxes450/3€106€291▲
Remuneration and social security454/9€10,146€4,455▼
Income statement Code20242025
Remuneration, social security and pensions62€96,439€62,268▼
Other operating charges640/8€513€528▲
Non-recurring operating charges66A€0-
Gross operating margin9900€102,064€66,237▼
Operating profit (loss)9901€5,112€3,441▼
Financial income75/76B€3,097€1,878▼
Recurring financial income75€3,097€1,878▼
Financial charges65/66B€1,033€1,105▲
Recurring financial charges65€1,033€1,105▲
Profit (loss) for the period before taxes9903€7,175€4,214▼
Profit (loss) for the period9904€7,175€4,214▼
Profit (loss) for the period to be appropriated9905€7,175€4,214▼
Appropriation of the result
Profit (loss) to be appropriated9906-€95,099-€90,885▲
Profit (loss) brought forward from the previous period14P-€102,275-€95,099▲
Social balance
Average headcount (FTE)90873.02.1▼
Line20212022202320242025Change
Remuneration, social security and pensions62€73,440€47,982€91,899€96,439€62,268▼ 35.4%
Other operating charges640/8€459€460€499€513€528▲ 2.8%
Non-recurring operating charges66A--€12€0--
Gross operating margin9900€78,366€52,000€97,134€102,064€66,237▼ 35.1%
Operating profit (loss)9901€4,468€3,559€4,724€5,112€3,441▼ 32.7%
Financial income75/76B--€4,900€3,097€1,878▼ 39.4%
Recurring financial income75--€4,900€3,097€1,878▼ 39.4%
Financial charges65/66B€434€575€1,084€1,033€1,105▲ 6.9%
Recurring financial charges65€434€575€1,084€1,033€1,105▲ 6.9%
Profit (loss) for the period before taxes9903€4,033€2,984€8,540€7,175€4,214▼ 41.3%
Profit (loss) for the period9904€4,033€2,984€8,540€7,175€4,214▼ 41.3%
Profit (loss) for the period to be appropriated9905€4,033€2,984€8,540€7,175€4,214▼ 41.3%
Line20212022202320242025Change
Assets
Total assets20/58€205,865€205,613€213,885€221,037€243,311▲ 10.1%
Tangible fixed assets22/27€0-----
Current assets29/58€205,865€205,613€213,885€221,037€243,311▲ 10.1%
Amounts receivable within one year40/41€205,865€205,613€208,985€217,940€238,424▲ 9.4%
Trade receivables40€87,334€18,921€21,596€25,344€16,400▼ 35.3%
Other amounts receivable41€118,530€186,693€187,388€192,596€222,024▲ 15.3%
Deferred charges and accrued income490/1--€4,900€3,097€4,887▲ 57.8%
Equity and liabilities
Total equity and liabilities10/49€205,865€205,613€213,885€221,037€243,311▲ 10.1%
Equity10/15€188,148€191,132€199,672€206,847€211,062▲ 2.0%
Contributions10/11€300,000€300,000€300,000€300,000€300,000=
Capital10€300,000€300,000€300,000€300,000€300,000=
Issued capital100€300,000€300,000€300,000€300,000€300,000=
Reserves13€1,947€1,947€1,947€1,947€1,947=
Non-distributable reserves130/1€1,947€1,947€1,947€1,947€1,947=
Legal reserve130€1,947€1,947€1,947€1,947€1,947=
Profit (loss) carried forward14-€113,798-€110,815-€102,275-€95,099-€90,885▲ 4.4%
Provisions and deferred taxes16€117€117€117€117€117=
Provisions for liabilities and charges160/5€117€117€117€117€117=
Pensions and similar obligations160€117€117€117€117€117=
Amounts payable17/49€17,600€14,365€14,096€14,073€32,133▲ 128%
Amounts payable within one year42/48€17,600€14,365€14,096€14,073€32,133▲ 128%
Trade debts44-€4,169€2,465€3,820€27,386▲ 617%
Suppliers440/4-€4,169€2,465€3,820€27,386▲ 617%
Taxes, remuneration and social security45€17,600€10,196€11,631€10,253€4,747▼ 53.7%
Taxes450/3€562€483€405€106€291▲ 174%
Remuneration and social security454/9€17,038€9,713€11,226€10,146€4,455▼ 56.1%
Line20212022202320242025Change
Profit (loss) for the period9904€4,033€2,984€8,540€7,175€4,214▼ 41.3%
Operating cash flow (approximation)€4,033€2,984€8,540€7,175€4,214▼ 41.3%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
28-08
NBB filing Annual accounts filed
fiscal year 2025 · full schema · 28 days late
2025
27-08
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2024
31-12
Financial Equity above €200,000Eq €206,847 ▲3.6%
4 profitable years in a row build equity to €206,847.
30-09
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
31-12
Financial Highest result since 2018net €8,540 ▲186%
Net result €8,540, the highest in the series.
19-07
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-09
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 60 days late
2021
31-12
Financial Back to profitnet €4,033
Net result €4,033 after one loss-making year.
25-08
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 25 days late
2020
31-12
Financial Weakest financial yearnet -€4,781
Net result drops to -€4,781, the lowest in the series; recovery starts the following year.
30-06
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
16-07
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
20-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
13-07
NBB filing Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts

We know of 13 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
13 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, Waregem · 1 establishment unit since 2009
seat establishment The establishment unit on the map
Ground area
10.8 ha
Building footprint
1,573 m²
Volume, LiDAR
9,276 m³
Parcel 34452B0904/00R000, Flanders · tallest building 9.7 m, ±1 floor. Linked by address, not a title deed.
9 companies at this address See who is registered here
1 establishment unit
BELGIAN TIMBER
Industrielaan 5, 8790 WaregemManufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
since 20092.179.578.122
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34452B0904/00R000 Flanders 10.8 ha 1 · 1,573 m² 9.7 m · 1 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Part of the group Firma Cras 16 companies Group, risk and exposure

Owners and holdings

1 owner

Chain of control

  1. Firma Cras 100%
  2. BELGIAN TIMBER

Highest known parent: Firma Cras. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 1,136 companies in sector 46130 we hold annual accounts for 646. 504 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded21-01-2009
Fiscal year end31-12
Abbreviation NL BETIM
Activities, NACEBEL 2025
46130Agents in the wholesale of timber and building materials
46832Wholesale of timber
E-invoicing
Reachable via Peppol
Peppol ID 0208:0809271097
Registered 01-12-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.