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L&T Wood

Judicial reorganisation
Private limited companyfounded 2015active for 11 yearsSchaatsbergen 9, 2250 Olen, BelgiumKBO/BCE: BE 0640.967.882
Summary

The file of L&T Wood contains 1 judicial reorganisation, as published in the Belgian Official Gazette. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures. Of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The 2025 annual accounts show negative equity (-€83,738) and a net result of €8,224, of which €5,440 non-recurring income. Equity has been growing by about 9.2% per year since 2018. Its solvency ranks better than 5% of 9,898 sector peers (NACE 43, financial year 2025).

Risk analysisFollow ReportCompare
L&T WoodJudicial reorganisationChecked score 23/100
Risk analysis ReportCompare

Information for creditors

Judicial reorganisation Source: Belgian Official Gazette

Opened on 27 November 2018 · moratorium passed on 27 March 2019

Creditor guide for this company

The procedure

Court
Enterprise Court of Antwerp
Track
Reorganisation by collective agreement
Docket number
20180032
Moratorium until
27 March 2019 (passed, unless a later judgment extended it)
Creditors' vote
12 March 2019
Delegated judge
Guido Gilis
Official Gazette
30-11-2018search the document for 2018/150174

Steps for a creditor

  1. Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
  2. Check the amount the company lists you for. It has to tell you. Dispute a wrong amount in writing.
  3. The company files a reorganisation plan and creditors vote on it at a hearing. A plan approved and confirmed by the court also binds those who voted against.
  4. What you deliver after the opening is not covered by the moratorium. Agree clear payment terms for it.
  5. The file is in RegSol, where you can read the documents of the procedure.

The judgment sets how long the moratorium runs. That date is in RegSol and in the publication in the Official Gazette. The date of the vote on the plan is in the judgment and in RegSol.

Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.

Follow Follow this reorganisation and you are notified of an extension, the court's approval, the closure or a bankruptcy.

This is general information, not legal advice. If in doubt, your lawyer or your accountant can help.

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Overview

Official details

Source: KBO
Status
Active since 15-10-2015 Normal situation
Activity
Roofing work NACE 43410and 1 other
Establishment unit
2.247.819.305 2250 Olen, since 15-10-2015
Financial year end
31 December
Peppol
Reachable since 29-08-2025
Company details

Board and ownership

Board
Board & ownership

Financial position

23 Critical Checked score 2025
Reorganisation running: about 1 in 4 bankrupt within the year
Annual accounts 2025
Gross margin
€16,819
▲ 24.8%
Turnover
≈ €190,000
estimated
Profit
€8,224
▲ 39×
Equity
-€83,738
▲ 8.9%
Total assets
€55,724
▲ 17.8%
Staff
≈ 0.1 FTE
estimated
  • Negative equity on 31-12-2025
  • 2025 accounts filed 17 days after the deadline
Financials
Signalsraises riskWeak solvency compared with the sectorIn judicial reorganisationneutralA punctual record breaksShow the evidence

Checked score

Score 2025
23 / 100
Critical
Without a bankruptcy probability, the score rests on the figures alone.
Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Weak
Solvency 0=
equity -150.3% of total assets
Liquidity 5+3
short-term debt 119.3% · cash 3.8%
Profitability 63+28
return on assets 14.8%
Bankruptcy probability within 12 months

Judicial reorganisation

About 1 in 4 comparable companies went bankrupt within the year

A judicial reorganisation is open. There is then no bankruptcy probability from the figures. Of every Belgian company in an open or failed reorganisation, 25% to 26% went bankrupt within twelve months (measured in 2024 and 2025).

No credit on open account during an ongoing judicial reorganisation
Liquidity is insufficient, with a current ratio of 0.54 (0.42 in 2024), below 1. Short-term debt is 119.3% and cash 3.8% of total assets. Equity is negative.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Three signals.
raises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 9898 sector peers (2025).
NBB · sector comparison
Position among 9898 sector peers
Solvency
better than 5%
← weakest strongest →
raises risk · In judicial reorganisation
Ongoing procedure under court protection (Book XX of the Code of Economic Law). The company is restructuring.
Belgian Official Gazette
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
17 days late
2024
1 day early
2023
14 days early
2022
24 days early
2021
54 days late
2020
26 days late
2019
26 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 12 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% 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 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: Negative equitydebts exceed assets in financial year 2025 -€83,738 View
  • Caution: Lower solvency than 95% of companies in specialised constructionsector median 44.0% · 9,898 companies -150.3% View
  • Positive: 6 profitable years in a rowprofit 2025: €8,224, mostly one-off 6 years View

Recent changes

  1. · Gazette deed Company renamed from DAKWERKEN LEROY to L&T WoodResignation: Hendrickx Leroy (manager) · Reappointment: Hendrickx Leroy (director)
  2. · Judicial reorganisation Judicial reorganisation openedEnterprise Court of Antwerp · collective agreement · judgment of 27-11-2018
  3. · Gazette deed Incorporation
All 15 events

Comparable companies

These companies have the same main activity as L&T Wood: roofing work (NACE 43410). They are comparable in size and age: total assets between €58,900 and €70,100, founded between 2012 and 2018.

CompanyTotal assetsGross margin
L&T Wood Olen€55,724€16,819
VERHOYE Wetteren€59,048€17,393
LATHOUWERS RONNY Riemst€62,832€18,369
SCORCA PROJECTS Ranst€68,312€18,691
RENOVA PLUS Antwerpen€58,878€20,168
ADSS Westerlo€59,437€27,507
HARI & CO Schaarbeek€70,122€17,556
Full comparison

Key facts about L&T Wood
What is the company number of L&T Wood?
The company number of L&T Wood is 0640.967.882. The VAT number is the same number with BE in front: BE 0640.967.882.
Where is L&T Wood based?
The registered office is at Schaatsbergen 9, 2250 Olen.Company details
What does L&T Wood do?
According to the KBO register, the main activity is roofing work (NACE 43410).
What is the legal form of L&T Wood?
The legal form of L&T Wood is Private limited company (BV).
When was L&T Wood founded?
L&T Wood was founded on 15-10-2015.
Is L&T Wood still active?
Yes, L&T Wood is in the KBO register. A judicial reorganisation is running.
How many employees does L&T Wood have?
L&T Wood had an average of 3 full-time equivalents in financial year 2018, according to the filed annual accounts.Financials
What is the turnover of L&T Wood?
The turnover in financial year 2025 is ≈ €190,000. This figure is estimated from the gross margin of €16,819 and 37 comparable companies (NACE 43410). It probably lies between €120,000 and €310,000. It is a rough estimate.
Is L&T Wood profitable?
In financial year 2025, L&T Wood made a profit of €8,224.
Where can I find the annual accounts of L&T Wood?
L&T Wood filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of L&T Wood due?
L&T Wood must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Next steps

Check what to know before you do business with this company.Supplier due diligence See this company's board, registered office and name on a given date.Company as of a date Check whether the registered address is a letterbox address or a business centre.Addresses Check your own customer list for customers at risk.Process a list See how the roofing work sector is doing.Sector figures

Keep this company with today's facts in a case file.

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