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Degroote Timmerwerken

Active
Private limited companyfounded 2016active for 9 yearsWagenmakerijstraat(DA) 23, 8600 Diksmuide, BelgiumKBO/BCE: BE 0668.409.182

From the official registers: KBO 8 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

Degroote Timmerwerken has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €469,352 and a net result of €68,756. Equity is growing by about 35% per year across the filed financial years. Its solvency ranks better than 52% of 9,865 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).

Risk analysisFollow ReportCompare
Degroote TimmerwerkenActiveChecked score 82/100
Risk analysis ReportCompare

Overview

Official details

KBO
Status
Active since 23-12-2016 Normal situation
Legal form
Private limited company
Registered office
Wagenmakerijstraat(DA) 23, 8600 Diksmuide
Activity
Joinery installation NACE 43320and 1 other
Establishment unit
2.266.048.474 8600 Diksmuide, since 02-01-2017
Financial year end
30 September
Peppol
Reachable since 24-11-2023
Company details

Who decides

Board
  • DEGROOTE ThomasDirector
  • DEGROOTE WardDirector
Board & ownership

How it is doing

82 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.5%
Annual accounts to 30-09-2025
Gross margin
€238,798
▼ 0.5%
Turnover
≈ €950,000
estimated
Profit
€68,756
▼ 18.0%
Equity
€469,352
▲ 17.2%
Total assets
€1.0m
▼ 5.9%
Staff
1.2 FTE
▼ 7.7%
2025 accounts 21 days early
Filed on 09-04-2026PDF
Financials
Why 82raises riskLiquidity: current ratio 1.77, cash €9,694Sector: Specialised construction activities (NACE 43)lowers riskFigures for financial year 2025 (filed 09-04-2026)Size: 1.2 FTE, total assets €1.0mShow the evidence

Checked score

Score 2025
82 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 49% of its sector peers (NACE 43, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 70+9
equity 45.4% of total assets
Liquidity 40=
short-term debt 27.3% · cash 0.9%
Profitability 77-1
return on assets 6.7%
Bankruptcy probability, 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,675 companies, NACE 43, micro)
Last 24 months 11-2024: 0.3%lowest value 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 1.6%▲ +1.3 percentage points vs 12-2024highest value 02-2025: 1.4%▼ -0.2 percentage points vs 01-2025 03-2025: 1.4%● unchanged vs 02-2025 04-2025: 1.4%● unchanged vs 03-2025 05-2025: 1.3%▼ -0.1 percentage points vs 04-2025 06-2025: 1.3%● unchanged vs 05-2025 07-2025: 1.3%● unchanged vs 06-2025 08-2025: 1.3%● unchanged vs 07-2025 09-2025: 1.3%● unchanged vs 08-2025 10-2025: 1.3%● unchanged vs 09-2025 11-2025: 1.3%● unchanged vs 10-2025 12-2025: 1.3%● unchanged vs 11-2025 01-2026: 1.4%▲ +0.1 percentage points vs 12-2025 02-2026: 1.3%▼ -0.1 percentage points vs 01-2026 03-2026: 1.3%● unchanged vs 02-2026 04-2026: 1.5%▲ +0.2 percentage points vs 03-2026 05-2026: 0.5%▼ -1.0 percentage point vs 04-2026 06-2026: 0.5%● unchanged vs 05-2026 07-2026: 0.5%● unchanged vs 06-2026 08-2026: 0.5%● unchanged vs 07-2026 09-2026: 0.5%● unchanged vs 08-2026 10-2026: 0.5%● unchanged vs 09-2026
Credit of up to €35,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.77, compared with 1.75 in 2024, above the usual 1.5; short-term debt: 27.3% and cash: 0.9% of total assets), but 54.6% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 43, micro): better than 49% on solvency, 29% on liquidity, 53% on profitability and 64% on growth.

The bankruptcy probability was computed on 31-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 1.77, cash €9,694
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed 09-04-2026)
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
lowers risk · Size: 1.2 FTE, total assets €1.0m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 09-04-2026, 21 days ahead of the deadline.
NBB · 8 filings
Deviation from the deadline
2025
21 days early
2024
152 days early
2023
99 days early
2022
149 days early
2021
46 days early
2020
5 days late
2019
178 days 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 91 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 financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 22 January (4 of the last 5 filed years within 54 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end31-10-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage

Key points

  • Positive: 7 profitable years in a rowprofit 2025: €68,756 7 years View
  • Positive: Filed on time since financial year 2021accounts within the deadline every year 5 years View

Documents

Annual accounts at the NBB

All 8 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about Degroote Timmerwerken

What is the company number of Degroote Timmerwerken?
0668.409.182. In Belgium the VAT number is the company number with BE in front: BE 0668.409.182.
Where is Degroote Timmerwerken based?
The registered office is at Wagenmakerijstraat(DA) 23, 8600 Diksmuide.Company details
What does Degroote Timmerwerken do?
According to the KBO register, the main activity is joinery installation (NACE 43320).
What is the legal form of Degroote Timmerwerken?
Private limited company (BV).
When was Degroote Timmerwerken founded?
On 23-12-2016.
Is Degroote Timmerwerken still active?
Yes, Degroote Timmerwerken is an active enterprise in the KBO register.
How many employees does Degroote Timmerwerken have?
On average 1.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of Degroote Timmerwerken?
≈ €950,000 in financial year 2025. Estimated from the gross margin of €238,798: probably between €630,000 and €1.2m, based on 37 comparable companies, NACE 43320.
Is Degroote Timmerwerken profitable?
In financial year 2025, Degroote Timmerwerken made a profit of €68,756.
Where can I find the annual accounts of Degroote Timmerwerken?
Degroote Timmerwerken filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts 2025 (PDF)
When are the next annual accounts of Degroote Timmerwerken due?
By 30-04-2027, for financial year 2026.Timeline

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