Losses
-€534,834 in three years
Every financial year from 2023 to 2025 closed with a loss. 2024 was the heaviest.
EIFEL - HOLZ
Lifetime
20 annual accounts with figures on one time axis, 37 filings since 1989peak €19.5m (2014)
€16.3m▲ 14.1%
lowest -€383,435 (2024)
-€25,768▲ €357,667
peak €6.8m (2025)
€6.8m▲ 5.9%
€32.7m▼ 2.0%
peak 31.3 FTE (2025)
31.3 FTE▲ 9.4%
Board6 names since 2022
4 directorsJoseph HAAS and 3 others
Owners3 names in the annual accounts
31.57%EIFEL - INVEST and 2 others
Documentsfilings and deeds
05-10-202666 days late
2025financial year
Turnover from €14.3m to €16.3mLoss of €25,768Staff from 28.6 FTE to 31.3 FTE4 directors appointed, 1 reappointment 30-12Cash from €14,872 to €743,399
Key points
from the 2025 annual accountsDebts
€32.7m 83% of the balance sheet
Financial debts 66%Suppliers 11%Taxes and wages 1%Other 23%
€14.2m of the debts are secured on the company's own assets. In 2021 that was €3.2m.
Investments
€580,823 0.2 × depreciation
Green is investment, beige is depreciation.
Staff
31 employees on 31-12-2025
In 2025, 14 people joined and 14 left. On top of that, 0.4 agency workers worked there on average.
Filings
37 annual accounts 66 days
Latest accounts filed late: after the legal deadline.
Position in the sector
17.3%
Lower solvency than 88% of companies in wood and cork. Sector median 52.1% · 173 companies.
Checked score
65
Healthy
Financially stronger than 41% of small companies in wood and cork (NACE 16)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 166 companies (NACE 16, small).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%
01-2025: 0.8%● unchanged vs 12-2024
02-2025: 0.8%● unchanged vs 01-2025lowest value
03-2025: 0.8%● unchanged vs 02-2025
04-2025: 0.8%● unchanged vs 03-2025
05-2025: 0.8%● unchanged vs 04-2025
06-2025: 0.8%● unchanged vs 05-2025
07-2025: 1.0%▲ +0.2 percentage points vs 06-2025
08-2025: 0.9%▼ -0.1 percentage points vs 07-2025
09-2025: 0.9%● unchanged vs 08-2025
10-2025: 0.9%● unchanged vs 09-2025
11-2025: 0.9%● unchanged vs 10-2025
12-2025: 0.9%● unchanged vs 11-2025
01-2026: 0.9%● unchanged vs 12-2025
02-2026: 0.9%● unchanged vs 01-2026
03-2026: 0.9%● unchanged vs 02-2026
04-2026: 0.9%● unchanged vs 03-2026
05-2026: 0.9%● unchanged vs 04-2026
06-2026: 0.9%● unchanged vs 05-2026
07-2026: 0.9%● unchanged vs 06-2026
08-2026: 1.6%▲ +0.7 percentage points vs 07-2026
09-2026: 2.0%▲ +0.4 percentage points vs 08-2026highest value
10-2026: 1.2%▼ -0.8 percentage points vs 09-2026
11-2026: 1.2%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 0.94, cash €743,399
Equity €6.8m (17.3% of total assets)
Sector: Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)
Last filed accounts filed 66 days late; 1 of the last 3 accounts late
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 11% of them on solvency, 27% on liquidity, 55% on profitability and 72% on growth.
The bankruptcy probability was computed on 06-11-2026 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 low class on 30-06-2025, 0.8% 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, 2,507 companies had the same profile as EIFEL - HOLZ has now. Each dot stands for 7 companies, two years later.
96.4%
were still trading
1.8%
stopped another way
1.6%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of EIFEL - HOLZ itself: 1.2% 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 2,507 companies, not a prediction for EIFEL - HOLZ. 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 €440,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.94 (0.92 in 2024), below 1. Short-term debt is 34.9% and cash 1.9% of total assets. 82.7% 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
Six signals.
raises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 173 sector peers (2025).
NBB · sector comparisonPosition among 173 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-10-2026, 66 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
66 days late
2024
8 days early
2023
2 days early
2022
on the day
2021
3 days late
2020
7 days early
2019
31 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 12 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 31 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
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- EIFEL - INVEST 31.57%score 85equity €3.3m (2025) · 2025 annual accounts of EIFEL - INVEST
- MERCATOR 20%score 95equity €7.9m (2025) · 2025 annual accounts of MERCATOR
- KNOTT HOLZ 10%score 92equity €102,906 (2025) · annual accounts 2025
Shares in 1 company, KNOTT HOLZ
Board & ownershipRecent changes
4 directors appointed, 1 reappointment
Appointments: MERCATOR GmbH, Norbert HAAS, Joseph HAAS and Werner BERG · Reappointment: AXYLIUM AUDIT SRL (kommissar) · General meeting of 31-07-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0435273246
New establishment in Bullange
Am Heidborn 2
2 directors appointed, 3 reappointments
Reappointments: MERCATOR, Joseph HAAS and Norbert HAAS · Permanent representative: Thomas HAAS · Appointments: MERCATOR (vorsitzender des verwaltungsrates) and Norbert HAAS (managing director) · General meeting of 16-11-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| EIFEL - HOLZ Butgenbach | €16.3m | 3.2% | 17.3% | 31.3 |
| DELHEZ BOIS SA Amblève | €11.8m | -2.4% | 27.8% | 22.4 |
| CARPENTIER HARDWOOD SOLUTIONS Tielt | €14.0m | -0.6% | 30.7% | 29.3 |
| PAULS - ST.VITH Saint-Vith | €19.1m | 1.8% | 87.3% | 10.8 |
| BELWOOD AMEL Amblève | €23.6m | 1.9% | 62.2% | 30.2 |
| Carlens Aarschot | €17.0m | 9.5% | 92.5% | 26.7 |
| Houthandel Denis Luyten Herentals | €16.1m | 4.2% | 82.2% | 34.8 |
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 EIFEL - HOLZ: sawmilling and planing of wood (NACE 16110). They are comparable in size and age: total assets between €13m and €42m, founded between 1968 and 1998.
Official details
Source: KBO- Status
- Active since 14-09-1988Normal situation
- Activity
- Sawmilling and planing of woodNACE 16110and 1 other
- Establishment units
- 2.102.722.3494750 Butgenbach, since 05-10-1988
- 2.390.106.6254760 Bullange, since 01-01-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 05-12-2025
Insights on EIFEL - HOLZ
EIFEL - HOLZ has existed since 1988. Turnover grew from €10.8m in 2007 to €16.3m in 2025 and staff from 24.8 to 31.3 full-time equivalents.
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 EIFEL - HOLZ
- What is the company number of EIFEL - HOLZ?
- The company number of EIFEL - HOLZ is 0435.273.246. The VAT number is the same number with BE in front: BE 0435.273.246.
- Where is EIFEL - HOLZ based?
- The registered office is at Morsheck 2, 4750 Butgenbach.Company details
- What does EIFEL - HOLZ do?
- According to the KBO register, the main activity is sawmilling and planing of wood (NACE 16110).
- What is the legal form of EIFEL - HOLZ?
- EIFEL - HOLZ is a public limited company (NV).
- When was EIFEL - HOLZ founded?
- EIFEL - HOLZ was founded on 14-09-1988.
- Is EIFEL - HOLZ still active?
- Yes, EIFEL - HOLZ is an active enterprise in the KBO register.
- How many employees does EIFEL - HOLZ have?
- EIFEL - HOLZ had an average of 31.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of EIFEL - HOLZ?
- The turnover of EIFEL - HOLZ was €16.3m in financial year 2025, according to the filed annual accounts.
- Is EIFEL - HOLZ profitable?
- In financial year 2025, EIFEL - HOLZ made a loss of €25,768.
- Where can I find the annual accounts of EIFEL - HOLZ?
- EIFEL - HOLZ filed 37 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of EIFEL - HOLZ due?
- EIFEL - HOLZ must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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