L.V.H. - HOUTBEWERKING
ActiveL.V.H. - HOUTBEWERKING has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €98k and a net result of €-13k. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 25% of 27386 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-67
Solvency56▼-3
Growth58=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days only on tighter terms
Liquidity ample (current ratio 3.86 against 10.51 in 2024), but 76.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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 · 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
23.7%
Return on assets
-3.2%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 27386 sector peers (2025).
NBB · sector comparisonPosition among 27386 sector peers
Solvency
better than 25%
← weakest
strongest →
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
28 d late
2023
30 d late
2022
60 d late
2021
6 d early
2020
31 d early
2019
25 d early
← before the deadline
after the deadline →
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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€98k▼ 12.1%
2024 · €112k
2018: €159k
2019: €131k
2020: €77k
2021: €81k
2022: €84k
2023: €97k
2024: €112k
2018 → 2025
Total assets
€414k▼ 7.7%
2024 · €448k
2018: €648k
2019: €669k
2020: €463k
2021: €451k
2022: €467k
2023: €480k
2024: €448k
2018 → 2025
Net result
€-13k
2024 · €15k
2018: €-56k
2019: €-28k
2020: €-54k
2021: €4k
2022: €3k
2023: €13k
2024: €15k
2018 → 2025
Working capital
€281k▼ 22.4%
2024 · €362k
2018: €393k
2019: €374k
2020: €331k
2021: €352k
2022: €377k
2023: €424k
2024: €362k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€81k-€84k▲ 3.1%€97k▲ 15.5%€112k▲ 15.4%€98k▼ 12.1%
Operating result€8k-€8k▼ 6.6%€27k▲ 248%€30k▲ 11.6%€-3k
Net result€4k-€3k▼ 35.9%€13k▲ 410%€15k▲ 14.7%€-13k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €3k after €30k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €414k
Fixed assets
€35k▼ 27.7%
Current assets
€379k▼ 5.2%
Equity and liabilities €414k
Equity
€98k▼ 12.1%
Debt
€316k▼ 6.2%
The debt ratio rises from 75.1% to 76.3%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€13k▼
2024 · €43k
Cash flow
€2k▼
2024 · €28k
Solvency
23.7%▼
2024 · 24.9%
Current ratio
3.86▼
2024 · 10.51
Quick ratio
1.06▼
2024 · 2.66
Debt / equity
3.22▲
2024 · 3.02
ROE
-13.7%▼
2024 · 13.4%
ROA
-3.2%▼
2024 · 3.3%
Interest coverage
1.21▼
2024 · 2.79
Debt
€316k▼
2024 · €337k
Debt ≤ 1 year
€98k▲
2024 · €38k
Debt > 1 year
€218k▼
2024 · €299k
Income taxes
€317▲
2024 · €304
Staff costs
€54k▲
2024 · €48k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€448k€414k▼
Fixed assets21/28€48k€35k▼
Tangible fixed assets22/27€47k€33k▼
Land and buildings22€13k€5k▼
Plant, machinery and equipment23€599-
Furniture and vehicles24€34k€28k▼
Financial fixed assets28€1k€1k=
Current assets29/58€400k€379k▼
Stocks and contracts in progress3€299k€275k▼
Stocks30/36€271k€271k=
Contracts in progress37€28k€4k▼
Amounts receivable within one year40/41€73k€61k▼
Trade receivables40€72k€51k▼
Other amounts receivable41€640€10k▲
Cash at bank and in hand54/58€21k€38k▲
Deferred charges and accrued income490/1€8k€5k▼
Equity and liabilities
Total equity and liabilities10/49€448k€414k▼
Equity10/15€112k€98k▼
Contributions10/11€38k€38k=
Reserves13€73k€60k▼
Tax-exempt reserves132€6k€6k=
Distributable reserves133€67k€54k▼
Amounts payable17/49€337k€316k▼
Amounts payable after more than one year17€299k€218k▼
Financial debts170/4€249k€218k▼
Other amounts payable178/9€50k-
Amounts payable within one year42/48€38k€98k▲
Current portion of amounts payable after more than one year42€15k€6k▼
Trade debts44€16k€2k▼
Suppliers440/4€16k€2k▼
Taxes, remuneration and social security45€7k€11k▲
Taxes450/3€7k€11k▲
Remuneration and social security454/9€35-
Other amounts payable47/48-€79k
Income statement
Code20242025
Remuneration, social security and pensions62€48k€54k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€16k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€93k€69k▼
Operating profit (loss)9901€30k€-3k▼
Financial income75/76B€507€552▲
Recurring financial income75€507€552▲
Financial charges65/66B€15k€10k▼
Recurring financial charges65€15k€10k▼
Profit (loss) for the period before taxes9903€15k€-13k▼
Income taxes67/77€304€317▲
Profit (loss) for the period9904€15k€-13k▼
Profit (loss) for the period to be appropriated9905€15k€-13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€15k€-13k▼
Transfer from equity791/2-€13k
Transfer to equity691/2€15k-
To other reserves6921€15k-
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Highest result since 2018net €15k ▲14.7%
Operating result €30k, net result €15k, both a record.
31-12
Financial
Equity above €100kEq €112k ▲15.4%
4 profitable years in a row build equity to €112k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €4k
Net result €4k after 3 loss-making years.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity triplescurrent ratio 10.25
Current ratio from 3.43 to 10.25; short-term debt falls from €154k to €36k.
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 25 days late
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, Zwevegem · 1 establishment unit since 1993
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.
Blokellestraat(Z) 1578550 ZwevegemGround area
313 m²
Building footprint
145 m²
Volume, LiDAR
640 m³
Parcel 34042B0386/00Z005, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
L.V.H.-HOUTBEWERKING BVBA
since 19932.056.038.625
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34042B0386/00Z005 | Flanders | 313 m² | 1 · 145 m² | 9.2 m · 2 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.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 264 EUR awarded · 174 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 174 EUR | 174 EUR |
| 2023 | 1 | 90 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 19,947 companies in sector 43320 we hold annual accounts for 9,084. 7,667 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-10-1991
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
45421
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.