FWood
ActiveFWood has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €350k and a net result of €-122k. Equity is growing by ~40.2% per year across the filed fiscal years. Its solvency ranks better than 45% of 402 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
45
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability2▼-4
Solvency64▼-9
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity short (current ratio 0.34 against 0.72 in 2024; short-term debt: 28.6% and cash: 1.1% of total assets), and 60.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 31
Relative position
BE, all sectors
reference
Sector 31
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-122k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
28 d early
2023
5 d early
2022
9 d early
2021
2 d early
2020
30 d early
2019
34 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€350k▼ 25.9%
2024 · €473k
2018: €30k
2019: €104k
2020: €140k
2021: €178k
2022: €391k
2023: €569k
2024: €473k
2018 → 2025
Total assets
€894k▼ 8.4%
2024 · €976k
2018: €98k
2019: €182k
2020: €782k
2021: €782k
2022: €988k
2023: €1.02M
2024: €976k
2018 → 2025
Net result
€-122k▼ 26.7%
2024 · €-96k
2018: €31k
2019: €74k
2020: €36k
2021: €38k
2022: €213k
2023: €178k
2024: €-96k
2018 → 2025
Working capital
€-170k▼ 319%
2024 · €-40k
2018: €-7k
2019: €66k
2020: €-83k
2021: €-39k
2022: €18k
2023: €59k
2024: €-40k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€178k-€391k▲ 119%€569k▲ 45.6%€473k▼ 16.9%€350k▼ 25.9%
Operating result€66k-€259k▲ 292%€144k▼ 44.2%€-85k€-110k▼ 30.4%
Net result€38k-€213k▲ 458%€178k▼ 16.1%€-96k€-122k▼ 26.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €110k in 2025 against €85k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €894k
Fixed assets
€807k▼ 7.7%
Current assets
€86k▼ 15.0%
Equity and liabilities €894k
Equity
€350k▼ 25.9%
Debt
€543k▲ 7.9%
The debt ratio rises from 51.6% to 60.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-76k▼
2024 · €-52k
Cash flow
€-88k▼
2024 · €-64k
Solvency
39.2%▼
2024 · 48.4%
Current ratio
0.34▼
2024 · 0.72
Quick ratio
0.09▼
2024 · 0.18
Debt / equity
1.55▲
2024 · 1.07
ROE
-34.9%▼
2024 · -20.4%
ROA
-13.7%▼
2024 · -9.9%
Interest coverage
-6.49▼
2024 · -4.40
Debt
€543k▲
2024 · €503k
Debt ≤ 1 year
€256k▲
2024 · €142k
Debt > 1 year
€166k▼
2024 · €300k
Staff costs
€9k▲
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€976k€894k▼
Fixed assets21/28€874k€807k▼
Tangible fixed assets22/27€231k€164k▼
Plant, machinery and equipment23€17k€12k▼
Furniture and vehicles24€4k€2k▼
Other tangible fixed assets26€211k€150k▼
Financial fixed assets28€643k€643k=
Current assets29/58€102k€86k▼
Stocks and contracts in progress3€77k€64k▼
Stocks30/36€77k€64k▼
Amounts receivable within one year40/41€4k€13k▲
Trade receivables40€1k€13k▲
Other amounts receivable41€3k€271▼
Cash at bank and in hand54/58€21k€10k▼
Deferred charges and accrued income490/1€171€169▼
Equity and liabilities
Total equity and liabilities10/49€976k€894k▼
Equity10/15€473k€350k▼
Contributions10/11€30k€30k=
Reserves13€254k€254k=
Distributable reserves133€254k€254k=
Profit (loss) carried forward14€189k€67k▼
Amounts payable17/49€503k€543k▲
Amounts payable after more than one year17€300k€166k▼
Financial debts170/4€300k€166k▼
Amounts payable within one year42/48€142k€256k▲
Current portion of amounts payable after more than one year42€74k€131k▲
Trade debts44€6k€17k▲
Suppliers440/4€6k€17k▲
Advances received on contracts in progress46€2k-
Taxes, remuneration and social security45€6k€6k▲
Taxes450/3€444€916▲
Remuneration and social security454/9€5k€5k▲
Other amounts payable47/48€55k€102k▲
Accrued charges and deferred income492/3€61k€122k▲
Income statement
Code20242025
Remuneration, social security and pensions62€2k€9k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€34k▲
Other operating charges640/8€4k€4k▲
Non-recurring operating charges66A-€35k
Gross operating margin9900€-46k€-28k▲
Operating profit (loss)9901€-85k€-110k▼
Financial income75/76B€60€1▼
Recurring financial income75€60€1▼
Financial charges65/66B€12k€12k▲
Recurring financial charges65€12k€12k▼
Non-recurring financial charges66B-€160
Profit (loss) for the period before taxes9903€-96k€-122k▼
Profit (loss) for the period9904€-96k€-122k▼
Profit (loss) for the period to be appropriated9905€-96k€-122k▼
Appropriation of the result
Profit (loss) to be appropriated9906€189k€67k▼
Profit (loss) brought forward from the previous period14P€285k€189k▼
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-122k
Net result drops to €-122k, the lowest in the series.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €500kEq €569k ▲45.6%
6 profitable years in a row build equity to €569k.
22-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €213k ▲458%
Operating result €259k, net result €213k, both a record.
31-12
Financial
Equity above €200kEq €391k ▲119%
5 profitable years in a row build equity to €391k.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150kEq €178k ▲27.2%
4 profitable years in a row build equity to €178k.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
27-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity doublescurrent ratio 1.90
Current ratio from 0.88 to 1.90.
31-12
Financial
Equity above €100kEq €104k ▲244%
2 profitable years in a row build equity to €104k.
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2013
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Heistraat 2832610 AntwerpenGround area
2,036 m²
Building footprint
677 m²
Volume, LiDAR
3,048 m³
Parcel 11462A0157/00A004, Flanders · tallest building 10.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
NILSS
since 20132.221.844.782
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11462A0157/00A004 | Flanders | 2,035 m² | 1 · 677 m² | 10.6 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 3 entries · 12,868 EUR awarded · 12,868 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 9,570 EUR | 9,570 EUR |
| 2022 | 2 | 3,298 EUR | 3,298 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
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KORIM
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MAJO
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JaliLL-N
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Of 446 companies in sector 31001 we hold annual accounts for 208. 146 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-08-2013
Fiscal year end31-12
Activities, NACEBEL
31001Manufacture of furniture
31002Manufacture of furniture
31009Manufacture of furniture
95240Repair and maintenance of furniture and upholstery
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.