Overdue debts
€871,656 on 31-12-2025
The annual accounts state €255,241 of overdue tax debts and €616,414 of overdue social security (RSZ) debts on 31-12-2025.
ENGELS WOOD FACTORY
Lifetime
17 annual accounts with figures on one time axis, 48 filings since 1978peak €8.8m (2020)
€7.7m▼ 0.6%
lowest -€2.0m (2021)
-€321,898▲ €176,255
peak €1.4m (2013)
-€47,457▼ €321,898
€11.0m▲ 6.1%
peak 63.7 FTE (2009)
42.2 FTE▼ 0.9%
Board6 names since 2017
2 directorsENGELS B&E and 1 other
Owners7 names in the annual accountsall names
Documentsfilings and deeds
25-09-202656 days late
2025financial year
Loss of €321,898Capital increase of €1,000,000 to €5,325,157.70 10-02Equity from €274,440 to -€47,457Cash from €160,137 to €110,645
Key points
from the 2025 annual accountsEquity
-€47,457
Debts exceed assets in financial year 2025.
Losses
-€5.7m in six years
Every financial year from 2020 to 2025 closed with a loss. 2021 was the heaviest.
Debts
€11.0m 97% of the balance sheet
Financial debts 12%Suppliers 11%Taxes and wages 10%Other 67%
Of this, €10.8m falls due within a year.
Staff
42.2 FTE from 63.7 in 2009
Between 2009 and 2025, 34% of the full-time equivalents disappeared.
Payment terms
83 days to suppliers
ENGELS WOOD FACTORY pays its suppliers 5 days later than in 2024. Customers pay 28 days later.
2025 accounts filed 56 days after the deadline
Checked score
49
Fair
Financially stronger than 8% of small companies in wood and cork (NACE 16)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.8% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 166 companies (NACE 16, small).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 5.9%highest value
01-2025: 5.9%● unchanged vs 12-2024highest value
02-2025: 5.8%▼ -0.1 percentage points vs 01-2025
03-2025: 5.7%▼ -0.1 percentage points vs 02-2025
04-2025: 5.7%● unchanged vs 03-2025
05-2025: 5.7%● unchanged vs 04-2025
06-2025: 5.7%● unchanged vs 05-2025
07-2025: 5.8%▲ +0.1 percentage points vs 06-2025
08-2025: 5.5%▼ -0.3 percentage points vs 07-2025
09-2025: 2.1%▼ -3.4 percentage points vs 08-2025
10-2025: 2.1%● unchanged vs 09-2025
11-2025: 2.1%● unchanged vs 10-2025
12-2025: 2.1%● unchanged vs 11-2025
01-2026: 2.1%● unchanged vs 12-2025
02-2026: 2.0%▼ -0.1 percentage points vs 01-2026
03-2026: 2.0%● unchanged vs 02-2026lowest value
04-2026: 2.0%● unchanged vs 03-2026lowest value
05-2026: 2.0%● unchanged vs 04-2026
06-2026: 2.0%● unchanged vs 05-2026
07-2026: 2.0%● unchanged vs 06-2026
08-2026: 2.7%▲ +0.7 percentage points vs 07-2026
09-2026: 3.1%▲ +0.4 percentage points vs 08-2026
10-2026: 2.8%▼ -0.3 percentage points vs 09-2026
11-2026: 2.8%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Negative equity -€47,457
Liquidity: current ratio 0.97, cash €110,645
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 56 days late; 2 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 3% of them on solvency, 1% on liquidity, 13% on profitability and 16% 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 moderate class on 30-06-2025, 2.4% 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, 1,242 companies had the same profile as ENGELS WOOD FACTORY has now. Each dot stands for 4 companies, two years later.
92.8%
were still trading
4.0%
stopped another way
1.9%
went bankrupt
Another 1.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ENGELS WOOD FACTORY itself is higher: 2.8% within 12 months. It rests on far more data about ENGELS WOOD FACTORY than the profile alone.
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 1,242 companies, not a prediction for ENGELS WOOD FACTORY. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.97 (0.99 in 2024), below 1. Short-term debt is 96.4% and cash 1% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€47,457
raises risk · 2025 accounts filed 56 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-09-2026, 56 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
56 days late
2024
5 days late
2023
40 days late
2022
29 days late
2021
40 days late
2020
121 days late
2019
24 days early
← 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 38 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 9 September (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
Board and ownership
- Consoorten Engels Christophe, Cédric, Didier Consoorten 91.96%annual accounts 2024
- Christophe Engels 2.36%annual accounts 2024
- Didier Engels 2.36%annual accounts 2024
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0417433857
Capital increase of €1,000,000 to €5,325,157.70
Capital from €4,325,157.70 to €5,325,157.70, 8,125 new shares · Contributions: Engels Christophe (€1,000,000); Engels Didier (€1,000,000); Engels Cédric (€1,000,000) · Resignations: Engels Cédric (director) and Engels Christophe (managing director) · General meeting of 20-12-2024 · Gazette deed
3 directors appointed, 1 statutory auditor appointed, 1 resignation
Appointments: J&M INVEST, ENGELS Cédric, ENGELS B&E and Callens Vandelanotte (statutory auditor) · Permanent representatives: ENGELS Christophe and ENGELS Didier · Resignation: Ernst & Young Bedrijfsrevisoren BV (statutory auditor) · Gazette deed
Capital increase of €1,500,000 to €4,325,157.70
Capital from €2,825,157.70 to €4,325,157.70, 12,187 new shares · Capital contribution: deel rekening-courant · General meeting of 02-12-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ENGELS WOOD FACTORY Lokeren | €7.7m | -0.7% | -0.4% | 42.2 |
| CHALET CENTER Temse | €15.1m | 1.5% | 46.5% | 46.2 |
| DECOR ET JARDIN SA Herve | €22.5m | -11.3% | 59.5% | 53.1 |
| NORDEX Arendonk | €10.0m | -4.0% | 46.5% | 62.9 |
| OSTYN FACILITIES Mouscron | €10.4m | 8.0% | 49.9% | 32.2 |
| WINLOCK SYSTEMS Lokeren | €22.3m | 3.4% | 32.4% | 70.4 |
| STABILAME Couvin | €14.8m | 1.0% | 17.9% | 76.1 |
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 ENGELS WOOD FACTORY: manufacture of other builders' carpentry and joinery (NACE 16230). They are comparable in size and age: total assets between €6.4m and €14m, founded between 1973 and 1997.
Official details
Source: KBO- Status
- Active since 03-09-1977Normal situation
- Registered office
- 14 active companies are registered at this addressSource: KBO register, as of 8 November 2026.
- Activity
- Manufacture of other builders' carpentry and joineryNACE 16230and 6 others
- Joint committees
- 124Construction
- 126Furnishing and woodworking · annual accounts 2025
- Establishment unit
- 2.128.588.8839160 Lokeren, since 30-09-1977
- Financial year end
- 31 December
- Peppol
- Reachable since 27-03-2026
Companies linked to ENGELS WOOD FACTORY
Shareholders
- IMMO - 471.91%
Insights on ENGELS WOOD FACTORY
ENGELS WOOD FACTORY has existed since 1977. Turnover grew from €5.6m in 2009 to €7.7m in 2025, while staff fell from 63.7 to 42.2 full-time equivalents.
In February 2025, the Official Gazette published the appointment of ENGELS B&E as managing director.
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 ENGELS WOOD FACTORY
- What is the company number of ENGELS WOOD FACTORY?
- The company number of ENGELS WOOD FACTORY is 0417.433.857. The VAT number is the same number with BE in front: BE 0417.433.857.
- Where is ENGELS WOOD FACTORY based?
- The registered office is at Gentse Steenweg 136, 9160 Lokeren.Company details
- What does ENGELS WOOD FACTORY do?
- According to the KBO register, the main activity is manufacture of other builders' carpentry and joinery (NACE 16230).
- What is the legal form of ENGELS WOOD FACTORY?
- ENGELS WOOD FACTORY is a public limited company (NV).
- When was ENGELS WOOD FACTORY founded?
- ENGELS WOOD FACTORY was founded on 03-09-1977.
- Is ENGELS WOOD FACTORY still active?
- Yes, ENGELS WOOD FACTORY is an active enterprise in the KBO register.
- How many employees does ENGELS WOOD FACTORY have?
- ENGELS WOOD FACTORY had an average of 42.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does ENGELS WOOD FACTORY fall under?
- In its 2025 annual accounts, ENGELS WOOD FACTORY states joint committees 124 (Construction) and 126 (Furnishing and woodworking).
- What is the turnover of ENGELS WOOD FACTORY?
- The turnover of ENGELS WOOD FACTORY was €7.7m in financial year 2025, according to the filed annual accounts.
- Is ENGELS WOOD FACTORY profitable?
- In financial year 2025, ENGELS WOOD FACTORY made a loss of €321,898.
- Where can I find the annual accounts of ENGELS WOOD FACTORY?
- ENGELS WOOD FACTORY filed 48 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ENGELS WOOD FACTORY due?
- ENGELS WOOD FACTORY must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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