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 has been growing by about 35% per year since 2019. Its solvency ranks better than 52% of 9,898 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Overview
Official details
Source: KBO- Status
- Active since 23-12-2016 Normal situation
- Activity
- Joinery installation NACE 43320and 1 other
- Joint committee
- 124 Paritair Comité voor het bouwbedrijf · annual accounts 30-09-2024
- Establishment unit
- 2.266.048.474 8600 Diksmuide, since 02-01-2017
- Financial year end
- 30 September
- Peppol
- Reachable since 24-11-2023
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.5%
- 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%
- Employees on 30-09-2025
- 1
- =
Score breakdownraises riskLiquidity: current ratio 1.77, cash €9,694Sector: Specialised construction activities (NACE 43)lowers riskFigures for financial year 2025 (filed on 09-04-2026)Size: 1.2 FTE, total assets €1.0mShow the evidence
Checked score
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 43, micro). It does better than 49% of them on solvency, 29% on liquidity, 53% on profitability and 65% on growth.
The bankruptcy probability was computed on 02-11-2026 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.
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).
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Signals
The company filed its last 7 accounts on average 91 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Key points
Recent changes
- · Gazette deed Incorporation
Comparable companies
These companies have the same main activity as Degroote Timmerwerken: joinery installation (NACE 43320). They are comparable in size and age: total assets between €969,000 and €1.4m, founded between 2014 and 2018.
| Company | Total assets | Gross margin |
|---|---|---|
| Degroote Timmerwerken Diksmuide | €1.0m | €0.2m |
| CORSWAREM WINDOW CREATIONS Aarschot | €1.1m | €0.3m |
| VANDER EECKT LANDER Halle | €1.1m | €0.3m |
| JAGRO Waregem | €1.2m | €0.2m |
| DAVY GHEKIERE Roeselare | €1.2m | €0.4m |
| ARECO Kortrijk | €1.0m | €0.2m |
| CHRISTOPHE NOYEZ Tielt | €1.4m | €0.3m |
Key facts about Degroote Timmerwerken
- What is the company number of Degroote Timmerwerken?
- The company number of Degroote Timmerwerken is 0668.409.182. The VAT number is the same 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?
- The legal form of Degroote Timmerwerken is Private limited company (BV).
- When was Degroote Timmerwerken founded?
- Degroote Timmerwerken was 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?
- Degroote Timmerwerken had an average of 1.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Degroote Timmerwerken fall under?
- In its 30-09-2024 annual accounts, Degroote Timmerwerken states joint committee 124 (Paritair Comité voor het bouwbedrijf).
- What is the turnover of Degroote Timmerwerken?
- The turnover in financial year 2025 is ≈ €950,000. This figure is estimated from the gross margin of €238,798 and 37 comparable companies (NACE 43320). It probably lies between €630,000 and €1.2m.
- 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?
- Degroote Timmerwerken must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
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