Houtvaardig
ActiveThe computed 12-month bankruptcy probability of Houtvaardig is 2.1% (moderate). The 2024 annual accounts show equity of €207k and a net result of €67k. Equity is growing by ~47.7% per year across the filed fiscal years. Its solvency ranks better than 93% of 36377 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
100
/ 100
Excellent= vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity ample (current ratio 8.44 against 4.5 in 2023), and 10.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
89.4%
Return on assets
28.9%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
12 d early
2022
7 d early
2021
10 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€207k▲ 47.8%
2023 · €140k
2021: €64k
2022: €95k
2023: €140k
2021 → 2024
Total assets
€231k▲ 29.6%
2023 · €178k
2021: €163k
2022: €167k
2023: €178k
2021 → 2024
Net result
€67k▲ 48.4%
2023 · €45k
2021: €44k
2022: €31k
2023: €45k
2021 → 2024
Working capital
€180k▲ 55.9%
2023 · €115k
2021: €30k
2022: €62k
2023: €115k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€64k-€95k▲ 47.6%€140k▲ 47.5%€207k▲ 47.8%
Operating result€55k-€40k▼ 26.8%€58k▲ 46.2%€90k▲ 54.2%
Net result€44k-€31k▼ 30.8%€45k▲ 47.2%€67k▲ 48.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 54% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €231k
Fixed assets
€27k▼ 9.5%
Current assets
€204k▲ 37.6%
Equity and liabilities €231k
Equity
€207k▲ 47.8%
Debt
€24k▼ 36.4%
The debt ratio falls from 21.6% to 10.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€100k▲
2023 · €75k
Cash flow
€77k▲
2023 · €61k
Solvency
89.4%▲
2023 · 78.4%
Current ratio
8.44▲
2023 · 4.50
Quick ratio
7.65▲
2023 · 3.54
Debt / equity
0.12▼
2023 · 0.28
ROE
32.3%▲
2023 · 32.2%
ROA
28.9%▲
2023 · 25.3%
Interest coverage
62.62▲
2023 · 38.27
Debt
€24k▼
2023 · €38k
Debt ≤ 1 year
€24k▼
2023 · €33k
Debt > 1 year
€0▼
2023 · €5k
Income taxes
€22k▲
2023 · €11k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€178k€231k▲
Fixed assets21/28€30k€27k▼
Tangible fixed assets22/27€24k€21k▼
Land and buildings22€2k€2k▼
Plant, machinery and equipment23€8k€9k▲
Furniture and vehicles24€13k€10k▼
Financial fixed assets28€6k€6k=
Current assets29/58€148k€204k▲
Stocks and contracts in progress3€32k€19k▼
Stocks30/36€32k€19k▼
Amounts receivable within one year40/41€6k€6k▲
Trade receivables40€470€6k▲
Other amounts receivable41€5k€80▼
Cash at bank and in hand54/58€109k€178k▲
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€178k€231k▲
Equity10/15€140k€207k▲
Contributions10/11€20k€20k=
Reserves13€115k€180k▲
Distributable reserves133€115k€180k▲
Profit (loss) carried forward14€5k€7k▲
Amounts payable17/49€38k€24k▼
Amounts payable after more than one year17€5k€0▼
Financial debts170/4€5k€0▼
Amounts payable within one year42/48€33k€24k▼
Current portion of amounts payable after more than one year42€5k€5k▲
Trade debts44€2k€6k▲
Suppliers440/4€2k€6k▲
Taxes, remuneration and social security45€2k€12k▲
Taxes450/3€1k€12k▲
Remuneration and social security454/9€871€0▼
Other amounts payable47/48€24k€2k▼
Accrued charges and deferred income492/3€405€303▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€10k▼
Other operating charges640/8€3k€4k▲
Non-recurring operating charges66A€0-
Gross operating margin9900€77k€104k▲
Operating profit (loss)9901€58k€90k▲
Financial income75/76B€1€13▲
Recurring financial income75€1€13▲
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€56k€88k▲
Income taxes67/77€11k€22k▲
Profit (loss) for the period9904€45k€67k▲
Profit (loss) for the period to be appropriated9905€45k€67k▲
Appropriation of the result
Profit (loss) to be appropriated9906€50k€72k▲
Profit (loss) brought forward from the previous period14P€5k€5k▲
Transfer to equity691/2€45k€65k▲
To other reserves6921€45k€65k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2021net €67k ▲48.4%
Operating result €90k, net result €67k, both a record.
31-12
Financial
Equity above €200kEq €207k ▲47.8%
4 profitable years in a row build equity to €207k.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 4.50
Current ratio from 2.02 to 4.50; short-term debt falls from €61k to €33k.
31-12
Financial
Equity above €100kEq €140k ▲47.5%
3 profitable years in a row build equity to €140k.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €31k ▼30.8%
Net result drops to €31k, the lowest in the series; recovery starts the following year.
21-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Oosterzele · 1 establishment unit since 2020
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.
Oudenaardse steenweg 399860 OosterzeleGround area
851 m²
Building footprint
182 m²
Volume, LiDAR
897 m³
Parcel 44007C0262/00A000, Flanders · tallest building 10.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Houtvaardig
since 20202.302.247.290
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44007C0262/00A000 | Flanders | 851 m² | 1 · 181 m² | 10.5 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector, comparable size
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BE 0817.470.171
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NAVA Projects
BE 0766.337.018
Buggenhout · Eq €207k
SCHEVENELS G&M
BE 0879.778.023
Genk · Eq €207k
De Keukenprins
BE 0668.520.139
Boom · Eq €207k
APPELMANS
BE 0424.482.094
Roosdaal · Eq €207k
Of 19,950 companies in sector 43320 we hold annual accounts for 9,081. 7,339 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-05-2020
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
01480Raising of other animals
01490Crop and animal production, hunting and related service activities
25110Manufacture of metal structures and parts of structures
41001General construction of residential buildings
43120Site preparation
43221Plumbing work
58110Book publishing
63920Other information service activities
63990Computing infrastructure, data processing, hosting and other information service activities
82300Organisation of conventions and trade shows
82990Other business support services
90031Arts creation and performing arts activities
90032Arts creation and performing arts activities
90111Literary creation
90120Visual arts creation
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.