Belgian Timber Trade

Active

Private limited companyfounded 20233 yrs activeWampstraat 8, 2470 Retie, BelgiumKBO/BCE: BE 0797.088.392

The computed 12-month bankruptcy probability of Belgian Timber Trade is 1.6% (moderate). The 2024 annual accounts show equity of €375k and a net result of €232k. Its solvency ranks better than 67% of 9039 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

82 / 100

Excellent

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100▲+7

Solvency85▲+39

Growth78

Track record94

Bankruptcy probability, 12 months

1.6% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €30k at 30 days acceptable

Liquidity ample (current ratio 12.66 against 15.03 in 2023; short-term debt: 7.9% and cash: 67% of total assets), and 39.9% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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

Sector 46

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

60.1%

Return on assets

37.1%

Age of the figures

21 mo

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-06-2025, 49 days ahead of the deadline.

NBB · 2 filings

Deviation from the deadline

2025

not confirmed

2024

49 d early

2023

48 d early

← before the deadline after the deadline →

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

Financials · fiscal year 2024, abbreviated schema

Equity

€375k▲ 162%

2023 · €143k

2023: €143k

2023 → 2024

Total assets

€624k▼ 9.4%

2023 · €689k

2023: €689k

2023 → 2024

Net result

€232k▲ 74.1%

2023 · €133k

2023: €133k

2023 → 2024

Working capital

€575k▼ 10.6%

2023 · €643k

2023: €643k

2023 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20232024Trend

Equity€143k-€375k▲ 162%

Operating result€205k-€318k▲ 54.7%

Net result€133k-€232k▲ 74.1%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result rises in 2024; 2024 is 55% above 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Equity and liabilities €624k

60.1%

39.9%

Equity €375k▲ 162%

Debt €249k▼ 54.3%

The debt ratio falls from 79.2% to 39.9%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€318k▲

2023 · €208k

Cash flow

€232k▲

2023 · €135k

Solvency

60.1%▲

2023 · 20.8%

Current ratio

12.66▼

2023 · 15.03

Quick ratio

12.66▼

2023 · 15.03

Debt / equity

0.67▼

2023 · 3.81

ROE

61.8%▼

2023 · 93.0%

ROA

37.1%▲

2023 · 19.3%

Interest coverage

17.15▲

2023 · 7.44

Debt

€249k▼

2023 · €546k

Debt ≤ 1 year

€49k▲

2023 · €46k

Debt > 1 year

€200k▼

2023 · €500k

Income taxes

€71k▲

2023 · €44k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€689k€624k▼

Current assets29/58€689k€624k▼

Amounts receivable within one year40/41€302k€206k▼

Trade receivables40€285k€174k▼

Other amounts receivable41€17k€32k▲

Cash at bank and in hand54/58€387k€418k▲

Equity and liabilities

Total equity and liabilities10/49€689k€624k▼

Equity10/15€143k€375k▲

Contributions10/11€10k€10k=

Reserves13€133k€365k▲

Distributable reserves133€133k€365k▲

Amounts payable17/49€546k€249k▼

Amounts payable after more than one year17€500k€200k▼

Other amounts payable178/9€500k€200k▼

Amounts payable within one year42/48€46k€49k▲

Trade debts44€46k€49k▲

Suppliers440/4€46k€49k▲

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€0▼

Other operating charges640/8€384€505▲

Gross operating margin9900€208k€318k▲

Operating profit (loss)9901€205k€318k▲

Financial income75/76B-€3k

Recurring financial income75-€3k

Financial charges65/66B€28k€19k▼

Recurring financial charges65€28k€19k▼

Profit (loss) for the period before taxes9903€177k€302k▲

Income taxes67/77€44k€71k▲

Profit (loss) for the period9904€133k€232k▲

Profit (loss) for the period to be appropriated9905€133k€232k▲

Appropriation of the result

Profit (loss) to be appropriated9906€133k€232k▲

Transfer to equity691/2€133k€232k▲

To other reserves6921€133k€232k▲

Social balance

Average headcount (FTE)90870.00.0=

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 3Financial 1Filings 2

2025

12-06

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-12

Financial Equity above €200kEq €375k ▲162%

2 profitable years in a row build equity to €375k.

13-06

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Retie · 1 establishment unit since 2023

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Wampstraat 82470 Retie

Ground area

1.0 ha

Building footprint

1,169 m²

Volume, LiDAR

5,404 m³

Parcel 13632H0012/00T000, Flanders · tallest building 6.3 m, ±1 floor. Linked by address, not a title deed.

1 establishment unit

Belgian Timber Trade

Wampstraat 8, 2470 RetieManufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials

since 20232.340.461.134

1 parcel

Flanders 1 (100%)