Equity
€251,493 ▼ 24.1%
Houtbouw MG has made a profit without a break since 2019.
Houtbouw MG
Lifetime
20 annual accounts with figures on one time axis, 28 filings since 1998Gross marginpeak €670,664 (2012)
€562,227▼ 10.4%
Resultlowest -€28,935 (2011)
€3,725▼ 58.8%
Equitypeak €331,369 (2024)
€251,493▼ 24.1%
Debts
€372,645▼ 13.1%
Staffpeak 12.2 FTE (2011)
7.1 FTE▼ 9.0%
Board4 names since 2010
4 directorsJoeri Goessens and 3 others
Documentsfilings and deeds
30-08-202630 days late
2025financial year
Result from €9,041 to €3,725Staff from 7.8 FTE to 7.1 FTEEquity from €331,369 to €251,493Cash from €18,879 to €8,909
Key points
from the 2025 annual accountsChecked score
66
Healthy
Financially stronger than 30% of micro companies in wood and cork (NACE 16)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 1,032 companies (NACE 16, micro).
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.0%
01-2025: 1.0%● unchanged vs 12-2024
02-2025: 1.0%● unchanged vs 01-2025
03-2025: 0.9%▼ -0.1 percentage points vs 02-2025
04-2025: 0.9%● unchanged vs 03-2025
05-2025: 0.9%● unchanged vs 04-2025
06-2025: 0.9%● unchanged vs 05-2025
07-2025: 1.1%▲ +0.2 percentage points vs 06-2025
08-2025: 1.6%▲ +0.5 percentage points vs 07-2025highest value
09-2025: 0.8%▼ -0.8 percentage points vs 08-2025
10-2025: 0.8%● unchanged vs 09-2025
11-2025: 0.8%● unchanged vs 10-2025
12-2025: 0.8%● unchanged vs 11-2025
01-2026: 0.8%● unchanged vs 12-2025
02-2026: 0.8%● unchanged vs 01-2026
03-2026: 0.8%● unchanged vs 02-2026
04-2026: 0.7%▼ -0.1 percentage points vs 03-2026
05-2026: 0.7%● unchanged vs 04-2026
06-2026: 0.7%● unchanged vs 05-2026lowest value
07-2026: 0.7%● unchanged vs 06-2026
08-2026: 1.3%▲ +0.6 percentage points vs 07-2026
09-2026: 0.9%▼ -0.4 percentage points vs 08-2026
10-2026: 0.9%● unchanged vs 09-2026
11-2026: 0.9%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Size: 7.1 FTE, total assets €624,138
Liquidity: current ratio 1.38, cash €8,909, halved
Last filed accounts filed 30 days late; 1 of the last 3 accounts late
lowers risk
Founded in 1997
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, micro). It does better than 48% of them on solvency, 17% on liquidity, 41% on profitability and 15% on growth.
The bankruptcy probability was computed on 04-11-2026 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, 17,041 companies had the same profile as Houtbouw MG has now. Each dot stands for 43 companies, two years later.
94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Houtbouw MG itself is higher: 0.9% within 12 months. It rests on far more data about Houtbouw MG than the profile alone.
Test of the method
The method was tested on the 497,446 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 17,041 companies, not a prediction for Houtbouw MG. 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 €16,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.38 (1.45 in 2024), below the usual 1.5. Short-term debt is 49.6% and cash 1.4% of total assets. 59.7% 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
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 30 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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
30 days late
2024
28 days late
2023
31 days late
2022
30 days late
2021
31 days late
2020
30 days late
2019
91 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 39 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 30 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Capital decrease of €83,600 to €162,000
Capital from €245,600 to €162,000 · Appointments: Marcel Goessens (managing director), Rita Eeckhout, Joeri Goessens and Ferron Goessens · “Het ntwerpen, vervaardigen, produceren, ontwikkelen, commercialiseren, distribueren, plaatsen en herstellen…” (deed in Dutch) · General meeting of 17-12-2025 · Gazette deed
4 directors appointed
Marcel Goessens, Eeckhout Rita, Joeri Goessens and Ferron Goessens · General meeting of 03-10-2022 · Gazette deed
First establishment
Neerstraat 37, Zwalm
Incorporation
published on 28-11-1997 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| Houtbouw MG Zwalm | €0.6m | €562,227 | 40.3% | 7.1 |
| DEZWARTE INTERIEUR Diksmuide | €0.4m | €561,521 | 37.0% | 5.7 |
| ML CONCEPT Aubange | €0.9m | €468,759 | 77.1% | 8.3 |
| DE LOMBAERT GUY Geraardsbergen | €1.1m | €530,454 | 82.1% | 8.7 |
| HET TRAPPENHUIS Waasmunster | €0.6m | €412,194 | 58.8% | 5.2 |
| Trappen Van Hoo Deinze | €0.6m | €386,141 | 65.3% | 5.1 |
| MERCKX LUC Halle | €0.5m | €410,815 | 29.1% | 5.8 |
These companies have the same main activity as Houtbouw MG: manufacture of other builders' carpentry and joinery (NACE 16230). They are comparable in size and age: total assets between €420,000 and €1.1m, founded between 1990 and 2009.
Official details
Source: KBO- Status
- Active since 18-11-1997Normal situation
- Activity
- Manufacture of other builders' carpentry and joineryNACE 16230and 2 others
- Joint committees
- 124Construction
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.084.799.2249636 Zwalm, since 29-12-1997
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- Turnover
- ≈ €1.3mestimated
- Total assets
- €624,138▼ 17.9%
- Employeeson 31-12-2025
- 9=
- Filing
- Filed on 30-08-2026
Insights on Houtbouw MG
Houtbouw MG has existed since 1997. The gross margin grew from €418,134 in 2006 to €562,227 in 2025.
In October 2022, the Official Gazette published the appointment of Marcel Goessens 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 Houtbouw MG
- What is the company number of Houtbouw MG?
- The company number of Houtbouw MG is 0461.845.407. The VAT number is the same number with BE in front: BE 0461.845.407.
- Where is Houtbouw MG based?
- The registered office is at Neerstraat 37, 9636 Zwalm.Company details
- What does Houtbouw MG 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 Houtbouw MG?
- Houtbouw MG is a public limited company (NV).
- When was Houtbouw MG founded?
- Houtbouw MG was founded on 18-11-1997.
- Is Houtbouw MG still active?
- Yes, Houtbouw MG is an active enterprise in the KBO register.
- How many employees does Houtbouw MG have?
- Houtbouw MG had an average of 7.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Houtbouw MG fall under?
- In its 2025 annual accounts, Houtbouw MG states joint committees 124 (Construction) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of Houtbouw MG?
- The turnover in financial year 2025 is ≈ €1.3m. This figure is estimated from the gross margin of €562,227 and 2,281 comparable companies of the same size. It probably lies between €800,000 and €2.3m. It is a rough estimate.
- Is Houtbouw MG profitable?
- In financial year 2025, Houtbouw MG made a profit of €3,725.
- Where can I find the annual accounts of Houtbouw MG?
- Houtbouw MG filed 28 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Houtbouw MG due?
- Houtbouw MG must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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