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Houtwerk

Active
Private limited companyfounded 20178 years activeKruineikestraat(TIL) 117, 3150 Haacht, BelgiumKBO/BCE: BE 0686.559.565
Summary

Houtwerk has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €307,726 and a net result of €161,399. Equity is growing by ~10.8% per year across the filed fiscal years. Its solvency ranks better than 37% of 9,546 sector peers (NACE 43, fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Overview

Activity
Joinery installation
NACE 43320
1 site
Size
€914,927total assets 2025
Staff
9.9 FTE
Equity
€307,726
Profit
€161,399
Turnover not published (abridged schema)
Financial health
69 Healthy Checked score 2025
Bankruptcy probability, 12 months
0.7%
Structure
Board
2 members
Accounts 101 days early2 of 5 deeds read
Why 69- Size: 9.9 FTE, total assets €914,927- Sector Specialised construction activities (NACE 43)+ Figures for FY 2025 (filed 21-04-2026)+ Liquidity: current ratio 1.23, cash €112,711, halvedShow the evidence

Checked score

Score 2025
69 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 55% of its sector peers (NACE 43, micro)
Financial strength · tick = 2024
Strong
Solvency 59+12
equity 33.6% of total assets
Liquidity 51-10
short-term debt 33.1% · cash 12.3%
Profitability 91-3
return on assets 17.6%
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,513 companies)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.3%● unchanged vs 12-2024lowest value 02-2025: 0.3%● unchanged vs 01-2025lowest value 03-2025: 0.3%● unchanged vs 02-2025lowest value 04-2025: 0.4%▲ +0.1 percentage points vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.4%● unchanged vs 05-2025 07-2025: 0.5%▲ +0.1 percentage points vs 06-2025 08-2025: 0.4%▼ -0.1 percentage points vs 07-2025 09-2025: 0.4%● unchanged vs 08-2025 10-2025: 0.4%● unchanged vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.4%● unchanged vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.7%▲ +0.3 percentage points vs 04-2026highest value 06-2026: 0.7%● unchanged vs 05-2026highest value 07-2026: 0.7%● unchanged vs 06-2026highest value 08-2026: 0.7%● unchanged vs 07-2026highest value 09-2026: 0.7%● unchanged vs 08-2026highest value 10-2026: 0.7%● unchanged vs 09-2026highest value
Credit up to €21,000 at 30 days acceptable
Liquidity tight (current ratio 1.23 against 1.03 in 2024; short-term debt: 33.1% and cash: 12.3% of total assets), and 66.4% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 43, micro): better than 35% on solvency, 45% on liquidity, 77% on profitability and 64% on growth.

The bankruptcy probability was computed on 06-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
−lowers risk+raises risk○neutral
lowers risk · Figures for FY 2025 (filed 21-04-2026)
NBB · annual accounts
raises risk · Size: 9.9 FTE, total assets €914,927
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Sector Specialised construction activities (NACE 43)
KBO
lowers risk · Liquidity: current ratio 1.23, cash €112,711, halved
NBB · annual accounts
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 21-04-2026, 101 days ahead of the deadline.
NBB · 8 filings
Deviation from the deadline
2025
101 days early
2024
23 days early
2023
43 days early
2022
77 days early
2021
27 days early
2020
7 days early
2019
31 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 35 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.

Checked, nothing found (2)
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. Usually files around 19 June (4 of the last 5 filed years within 35 days of that day).
Companies Code · seven months
Position in the running window
07-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Resignation: Filip Van Roosendael (director)Appointment: Fivaroo BV (director)
  2. Annual accounts filedfiscal year 2025 · abbreviated…
  3. Appointment: Kavaroo BV (director)Permanent representative: Kamil Van Roosendael

Key points

  • Positive: Among the best 17% on net resultsector median €27,689 · 9,539 companies €161,399 View
  • Positive: 8 profitable years in a rowprofit 2025: €161,399 8 years View
  • Board changedlatest change 18-03-2026 · 2 in office 1 joined · 1 left View
  • Caution: Result fell in 2025from €240,002 to €161,399 ▼ 32.8% View
  • Positive: Always filed on timeaccounts within the deadline every year 6 years View
  • Flemish supportawarded 2022 - 2025 €110,292 View

By topic

Financials

Fiscal year
2025
Total assets
€914,927
Profit
€161,399
Solvency
33.6%
Total assets▼ 23.4%
Net result
20182025
Go to Financials

Timeline

Events
13
Since
2019
Next accounts
by 31-07-2027
  1. 08-07-2025Annual accounts filed
  2. 31-12-2024Highest result since 2018
  3. 18-06-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Joinery installationNACE 43320
Founded
18-12-2017
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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