Equity
€10.5m ▲ 6.6%
Bourguignon has made a profit in every financial year since 2006.
Bourguignon
Lifetime
20 annual accounts with figures on one time axis, 27 filings since 1999peak €12.8m (2021)
€12.0m▲ 4.2%
peak €2.1m (2021)
€661,153▼ 8.5%
peak €10.5m (2025)
€10.5m▲ 6.6%
€2.1m▲ 6.6%
peak 29.1 FTE (2021)
25.8 FTE▲ 3.2%
Board9 names since 2021
4 directorsBOURGUIGNON José and 3 others
Owners
79.9%BRG
Documentsfilings and deeds
01-07-202630 days before the deadline
2025financial year
A quiet year: no large shift against the year before.
Key points
from the 2025 annual accountsStaff
27 employees on 31-12-2025
In 2025, 6 people joined and 5 left. On top of that, 1.2 agency workers worked there on average.
Position in the sector
€10.5m
More equity than 90% of companies in wood and cork. Sector median €1.3m · 174 companies.
Checked score
97
Excellent
Financially stronger than 78% of small companies in wood and cork (NACE 16)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 166 companies (NACE 16, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: 0.1%▲ +0.1 percentage points vs 04-2025highest value
06-2025: 0.1%● unchanged vs 05-2025
07-2025: < 0.1%▼ -0.1 percentage points vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026lowest value
03-2026: < 0.1%● unchanged vs 02-2026lowest value
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 6.49, cash €3.4m
Founded in 1999
Equity €10.5m (83.0% of total assets)
Profit of €661,153 (financial year 2025)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 16, small). It does better than 93% of them on solvency, 95% on liquidity, 69% on profitability and 56% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 20,137 companies had the same profile as Bourguignon has now. Each dot stands for 51 companies, two years later.
95.0%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of Bourguignon itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,137 companies, not a prediction for Bourguignon. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,000,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 6.49 (6.53 in 2024), above the usual 1.5. Short-term debt is 7.8% and cash 26.6% of total assets. 17% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 days early
2024
36 days early
2023
16 days early
2022
25 days early
2021
22 days late
2020
31 days late
2019
77 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 3 days after the deadline. In the sector (NACE 16), the median for financial year 2024 was 3 days before the deadline, and 37% 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 6 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Reappointment: SRL Knaepen Lafontaine, Réviseurs d'entreprises (statutory auditor)
Permanent representative: Delphine BOURGUIGNON · General meeting of 05-07-2024 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0464933272
Registered office moved to Walhain
Capital increase of €1,613,000 to €1,675,000 · Capital from €62,000 to €1,675,000, 625 new shares · Contributions: BOURGUIGNON José Emile Eugène Ghislain (€1,613,000, 625 shares); SONVAL Myriam Christiane Marie Ghislaine (€893,383, 346 shares) · General meeting of 31-08-2023 · Gazette deed
Appointment: Knaepen Lafontaine (statutory auditor)
Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Bourguignon Walhain | €12.0m | 7.3% | 83.0% | 25.8 |
| SOLID Spiere-Helkijn | €11.8m | -4.0% | 36.9% | 28.5 |
| DELHEZ BOIS SA Amblève | €11.8m | -2.4% | 27.8% | 22.4 |
| CARPENTIER HARDWOOD SOLUTIONS Tielt | €14.0m | -0.6% | 30.7% | 29.3 |
| DE SLAGMOLEN Bilzen-Hoeselt | €13.3m | 6.3% | 80.0% | 24.7 |
| VANCA-BELGIUM Wevelgem | €17.5m | 4.5% | 80.0% | 19.7 |
| Chantier de Créosotage de BRUXELLES - Creosoteeringcentrum van Brussel Brussels | €18.8m | 1.8% | 64.4% | 18.9 |
Grey: the largest companies of the sector (wood and cork (NACE 16)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as Bourguignon: sawmilling and planing of wood (NACE 16110). They are comparable in size and age: total assets between €5.5m and €23m, founded between 1986 and 2003.
Official details
Source: KBO- Status
- Active since 08-01-1999Normal situation
- Activity
- Sawmilling and planing of woodNACE 16110and 3 others
- Joint committees
- 200Auxiliary committee for white-collar workers
- 125Wood industry · annual accounts 2025
- Establishment unit
- 2.089.973.7771457 Walhain, since 14-01-1999
- Financial year end
- 31 December
- Peppol
- Reachable since 02-10-2025
Annual accounts 2025
- €12.6m▲ 6.6%
- Employeeson 31-12-2025
- 27▲ 3.8%
- Filing
- Filed on 01-07-2026, 30 days before the end of the filing period
Insights on Bourguignon
Bourguignon has existed since 1999. Turnover grew from €8.6m in 2012 to €12.0m in 2025.
BRG holds 79.9% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Bourguignon
- What is the company number of Bourguignon?
- The company number of Bourguignon is 0464.933.272. The VAT number is the same number with BE in front: BE 0464.933.272.
- Where is Bourguignon based?
- The registered office is at Chemin de la Scierie 18, 1457 Walhain.Company details
- What does Bourguignon do?
- According to the KBO register, the main activity is sawmilling and planing of wood (NACE 16110).
- What is the legal form of Bourguignon?
- Bourguignon is a public limited company (NV).
- When was Bourguignon founded?
- Bourguignon was founded on 08-01-1999.
- Is Bourguignon still active?
- Yes, Bourguignon is an active enterprise in the KBO register.
- How many employees does Bourguignon have?
- Bourguignon had an average of 25.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Bourguignon fall under?
- In its 2025 annual accounts, Bourguignon states joint committees 200 (Auxiliary committee for white-collar workers) and 125 (Wood industry).
- What is the turnover of Bourguignon?
- The turnover of Bourguignon was €12.0m in financial year 2025, according to the filed annual accounts.
- Is Bourguignon profitable?
- In financial year 2025, Bourguignon made a profit of €661,153.
- Where can I find the annual accounts of Bourguignon?
- Bourguignon filed 27 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Bourguignon due?
- Bourguignon must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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