Financials
- Financial year
- 2025
- Total assets
- €1.0m
- Profit
- €68,756
- Solvency
- 45.4%
Total assets▼ 5.9%
Net result
20192025
Degroote Timmerwerken
ActiveSummary
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).
Overview
Activity
Joinery installation
NACE 43320
1 site
Size
≈ €950,000turnover 2025, estimated
- Staff
- 1.2 FTE
- Equity
- €469,352
- Profit
- €68,756
Turnover estimated from the gross margin
Structure
2025 accounts 21 days early2 deeds in the Belgian Official Gazette
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)
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).
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 30-10-2026 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
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 filingsDeviation 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 monthsWhere today falls in the filing period
30-09-2026 year end31-10-2026 today30-04-2027 deadline
- Annual accounts filedfinancial year 2025 · abbreviated…
- Annual accounts filedfinancial year 2024 · abbreviated…
- Annual accounts filedfinancial year 2023 · abbreviated…
Key points
By topic
Timeline
- Events
- 12
- Since
- 2019
- Next accounts
- by 30-04-2027
- 30-09-2023Highest result from 2019 to 2025
- 02-12-2022Annual accounts filed
- 30-09-2022Equity above €200,000
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Joinery installationNACE 43320
- Founded
- 23-12-2016
- Year ends
- 30-09
- Peppol
- Reachable for e-invoices
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?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
- 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.
- When are the next annual accounts of Degroote Timmerwerken due?
- By 30-04-2027, for financial year 2026.Timeline
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