INTRAWOOD
ActiveSummary
INTRAWOOD has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€682,986) and a net result of -€81,690. Equity is shrinking by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 5% of 4926 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.28 against 0.3 in 2024; short-term debt: 362.7% and cash: 7.7% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-262.7%
Return on assets
-31.4%
Age of the figures
9 mo
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 -€682,986
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
71 d late
2023
76 d late
2022
120 d late
2021
208 d late
2020
60 d late
2019
60 d 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 84 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€81,690▼ 61.7%
2024 · -€50,514
Working capital
-€682,986▼ 13.5%
2024 · -€601,885
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€17,391€9,598-€58,919-€33,247▲ 43.6%-€64,357▼ 93.6%
Net result-€24,700€554-€77,043-€50,514▲ 34.4%-€81,690▼ 61.7%
Equity-€474,435▼ 5.5%-€473,691▲ 0.2%-€542,781▼ 14.6%-€601,295▼ 10.8%-€682,986▼ 13.6%
Total assets€396,765▼ 17.6%€406,084▲ 2.3%€373,470▼ 8.0%€256,960▼ 31.2%€260,018▲ 1.2%
Debt€871,200▼ 6.4%€879,775▲ 1.0%€916,251▲ 4.1%€858,255▼ 6.3%€943,004▲ 9.9%
Working capital-€491,907▼ 12.6%-€484,254▲ 1.6%-€547,204▼ 13.0%-€601,885▼ 10.0%-€682,986▼ 13.5%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €64,357 in 2025 against €33,247 in 2024; the loss grows and 2025 has the lowest result in the available series.
Key figures and ratios
EBITDA
-€63,768▼
2024 · -€29,414
Cash flow
-€81,101▼
2024 · -€46,681
Solvency
-262.7%▼
2024 · -234.0%
Current ratio
0.28▼
2024 · 0.30
Quick ratio
0.12▼
2024 · 0.12
Debt to equity
-1.38▲
2024 · -1.43
ROA
-31.4%▼
2024 · -19.7%
Interest coverage
-3.68▼
2024 · -1.70
Debt ≤ 1 year
€943,004▲
2024 · €858,255
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,640 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.9%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,640 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,343 | €6,908 | €6,141 | €3,833 | €589 | ▼ 84.6% |
| Other operating charges640/8 | €1,006 | €1,080 | €681 | €182 | €1,152 | ▲ 534% |
| Gross operating margin9900 | -€4,042 | €17,586 | -€52,098 | -€29,233 | -€62,615 | ▼ 114% |
| Operating profit (loss)9901 | -€17,391 | €9,598 | -€58,919 | -€33,247 | -€64,357 | ▼ 93.6% |
| Financial income75/76B | €70 | €37 | €151 | - | - | - |
| Recurring financial income75 | €70 | €37 | €151 | - | - | - |
| Financial charges65/66B | €7,379 | €9,081 | €18,275 | €17,267 | €17,333 | ▲ 0.4% |
| Recurring financial charges65 | €7,379 | €9,081 | €18,275 | €17,267 | €17,333 | ▲ 0.4% |
| Profit (loss) for the period before taxes9903 | -€24,700 | €554 | -€77,043 | -€50,514 | -€81,690 | ▼ 61.7% |
| Profit (loss) for the period9904 | -€24,700 | €554 | -€77,043 | -€50,514 | -€81,690 | ▼ 61.7% |
| Profit (loss) for the period to be appropriated9905 | -€24,700 | €554 | -€77,043 | -€50,514 | -€81,690 | ▼ 61.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €396,765 | €406,084 | €373,470 | €256,960 | €260,018 | ▲ 1.2% |
| Fixed assets21/28 | €17,471 | €10,563 | €4,422 | €589 | - | - |
| Tangible fixed assets22/27 | €17,471 | €10,563 | €4,422 | €589 | - | - |
| Plant, machinery and equipment23 | €16,844 | €10,425 | €4,422 | €589 | - | - |
| Furniture and vehicles24 | €627 | €139 | - | - | - | - |
| Current assets29/58 | €379,293 | €395,521 | €369,047 | €256,370 | €260,018 | ▲ 1.4% |
| Stocks and contracts in progress3 | €144,236 | €152,046 | €160,046 | €152,051 | €148,771 | ▼ 2.2% |
| Stocks30/36 | €144,236 | €152,046 | €160,046 | €152,051 | €148,771 | ▼ 2.2% |
| Amounts receivable within one year40/41 | €115,784 | €128,279 | €103,418 | €101,653 | €91,297 | ▼ 10.2% |
| Trade receivables40 | €113,442 | €121,851 | €94,440 | €95,257 | €76,715 | ▼ 19.5% |
| Other amounts receivable41 | €2,343 | €6,428 | €8,978 | €6,396 | €14,583 | ▲ 128% |
| Cash at bank and in hand54/58 | €4,210 | €10,878 | €1,265 | €2,666 | €19,950 | ▲ 648% |
| Deferred charges and accrued income490/1 | €115,063 | €104,318 | €104,318 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €396,765 | €406,084 | €373,470 | €256,960 | €260,018 | ▲ 1.2% |
| Equity10/15 | -€474,435 | -€473,691 | -€542,781 | -€601,295 | -€682,986 | ▼ 13.6% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | €18,600 | €18,600 | €18,600 | = |
| Issued capital100 | - | - | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | - | €18,600 | - | - | - | - |
| Other1109/19 | - | €18,600 | - | - | - | - |
| Reserves13 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Non-distributable reserves130/1 | €1,000 | - | - | - | - | - |
| Reserves not available under the articles1311 | €1,000 | - | - | - | - | - |
| Distributable reserves133 | - | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | -€494,035 | -€493,291 | -€562,381 | -€620,895 | -€702,586 | ▼ 13.2% |
| Amounts payable17/49 | €871,200 | €879,775 | €916,251 | €858,255 | €943,004 | ▲ 9.9% |
| Amounts payable within one year42/48 | €871,200 | €879,775 | €916,251 | €858,255 | €943,004 | ▲ 9.9% |
| Financial debts43 | €350,900 | €350,420 | €330,485 | €350,950 | €325,000 | ▼ 7.4% |
| Credit institutions430/8 | €350,900 | €350,420 | €330,485 | €350,000 | €325,000 | ▼ 7.1% |
| Other loans439 | - | - | - | €950 | - | - |
| Trade debts44 | €33,422 | €24,170 | €2,668 | - | - | - |
| Suppliers440/4 | €33,422 | €24,170 | €2,668 | - | - | - |
| Taxes, remuneration and social security45 | €149 | €149 | €149 | €149 | €149 | = |
| Taxes450/3 | €149 | €149 | €149 | €149 | €149 | = |
| Other amounts payable47/48 | €486,729 | €505,036 | €582,949 | €507,156 | €617,855 | ▲ 21.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€24,700 | €554 | -€77,043 | -€50,514 | -€81,690 | ▼ 61.7% |
| + Depreciation and write-downs630 | €12,343 | €6,908 | €6,141 | €3,833 | €589 | ▼ 84.6% |
| Operating cash flow (approximation) | -€12,357 | €7,462 | -€70,902 | -€46,681 | -€81,101 | ▼ 73.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - | - |
| Change in cash | - | €6,667 | -€9,612 | €1,401 | €17,284 | ▲ 1,134% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet -€81,690
Net result drops to -€81,690, the lowest in the series.
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 71 days late
2024
15-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 76 days late
2023
28-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 120 days late
24-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 208 days late
2022
31-12
Financial
Back to profitnet €554
Net result €554 after one loss-making year.
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 60 days late
2020
31-12
Financial
Highest result since 2018net €9,266 ▲31.3%
Operating result €16,744, net result €9,266, both a record.
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
2019
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 58 days late
2018
20-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 51 days late
2017
21-12
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 143 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Lokeren · 1 establishment unit since 2006
Ground area
1,791 m²
Building footprint
194 m²
Volume, LiDAR
1,242 m³
Parcel 46004A0796/00F000, Flanders · tallest building 17.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Intrawood
since 20062.155.664.751
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46004A0796/00F000 | Flanders | 1,791 m² | 1 · 194 m² | 17.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 855 companies in sector 46832 we hold annual accounts for 588. 82 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-08-2006
Fiscal year end31-12
Activities, NACEBEL 2025
46832Wholesale of timber
E-invoicing
Reachable via Peppol
Peppol ID
0208:0882820952
Also
9925:BE0882820952
Registered
22-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.