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LDCwood

Active
Public limited companyfounded 20169 years activeVergunningenstraat 7, 8400 Oostende, BelgiumKBO/BCE: BE 0665.682.393
Summary

The computed 12-month bankruptcy probability of LDCwood is 1.9% (moderate). The 2025 annual accounts show equity of €700,472 and a net result of -€9,788. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 6,055 sector peers (NACE 46, fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.

Overview

Activity
Wholesale of timber
NACE 46832
2 sites
Size
€12.5mturnover 2025
Staff
7.6 FTE
Equity
€700,472
Loss
-€9,788
Financial health
53 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.9%
Structure
Parent
LEMAHIEU GROUP · 100%
  • CADUSDirector · permanent representative Johan Castelein
  • Strike Management CompanyDirector · permanent representative Bertrand Donck
Accounts 31 days early2 of 8 deeds read
Why 53raises riskLiquidity: current ratio 0.67, cash €14,052, halvedEquity €700,472 (6.8% of total assets)Size: turnover €12.5m, 7.6 FTE, total assets €10.3mLoss of €9,788, the second in a row (FY 2025)Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 33% of its sector peers (NACE 46, micro)
Financial strength · tick = 2024
Weak
Solvency 32+1
equity 6.8% of total assets
Liquidity 16+2
short-term debt 64.1% · cash 0.1%
Profitability 63+26
return on assets -0.1%
Bankruptcy probability, 12 months
1.9% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,867 companies)
Last 24 months 11-2024: 2.9% 12-2024: 2.7%▼ -0.2 percentage points vs 11-2024 01-2025: 2.7%● unchanged vs 12-2024 02-2025: 2.7%● unchanged vs 01-2025 03-2025: 2.6%▼ -0.1 percentage points vs 02-2025 04-2025: 2.7%▲ +0.1 percentage points vs 03-2025 05-2025: 2.8%▲ +0.1 percentage points vs 04-2025 06-2025: 2.9%▲ +0.1 percentage points vs 05-2025 07-2025: 3.2%▲ +0.3 percentage points vs 06-2025highest value 08-2025: 1.9%▼ -1.3 percentage points vs 07-2025 09-2025: 1.9%● unchanged vs 08-2025 10-2025: 1.9%● unchanged vs 09-2025 11-2025: 1.9%● unchanged vs 10-2025 12-2025: 1.9%● unchanged vs 11-2025 01-2026: 1.9%● unchanged vs 12-2025 02-2026: 1.9%● unchanged vs 01-2026 03-2026: 1.9%● unchanged vs 02-2026 04-2026: 1.8%▼ -0.1 percentage points vs 03-2026lowest value 05-2026: 1.8%● unchanged vs 04-2026 06-2026: 1.9%▲ +0.1 percentage points vs 05-2026 07-2026: 2.0%▲ +0.1 percentage points vs 06-2026 08-2026: 2.4%▲ +0.4 percentage points vs 07-2026 09-2026: 2.9%▲ +0.5 percentage points vs 08-2026 10-2026: 1.9%▼ -1.0 percentage point vs 09-2026
Credit up to €35,000 at 30 days acceptable
Liquidity short (current ratio 0.67 against 0.62 in 2024; short-term debt: 64.1% and cash: 0.1% of total assets), and 93.2% 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 46, micro): better than 21% on solvency, 16% on liquidity, 47% on profitability and 48% on growth.

The bankruptcy probability was computed on 08-10-2026 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

Seven signals.
+raises risk○neutral
raises risk · Liquidity: current ratio 0.67, cash €14,052, halved
NBB · annual accounts
raises risk · Equity €700,472 (6.8% of total assets)
NBB · annual accounts
raises risk · Size: turnover €12.5m, 7.6 FTE, total assets €10.3m
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Loss of €9,788, the second in a row (FY 2025)
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€9,788
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 6055 sector peers (2025).
NBB · sector comparison
Position among 6055 sector peers
Solvency
better than 10%
← 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 30-06-2026, 31 days ahead of the deadline.
NBB · 9 filings
Deviation from the deadline
2025
31 days early
2024
28 days early
2023
20 days early
2022
33 days early
2021
47 days early
2020
57 days early
2019
31 days early
← 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 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. Usually files around 30 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
09-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Resignation: FINSPIRATION BV (director)Permanent representatives: Tom DeKeyser and…
  3. Appointment: CADUS (director)Power of attorney

Key points

  • Risk: 3 loss-making years in a rowloss fiscal year 2025 -€9,788 View
  • Positive: Result rose in 2025from -€723,071 to -€9,788 ▲ 98.6% View
  • Caution: Among the weakest 11% on solvencysector median 45.6% · 6,055 companies 6.8% View
  • Positive: Filed on time since fiscal year 2018accounts within the deadline every year 8 years View
  • Controlled by LEMAHIEU GROUPultimately: TOLEMJE 100% View
  • Board changedlatest change 02-12-2025 · 2 in office 1 joined · 1 left View

By topic

Financials

Fiscal year
2025
Turnover
€12.5m
Loss
-€9,788
Solvency
6.8%
Turnover▲ 2.7%
Net result
20242025
Go to Financials

Board & ownership

Board
2 members
Parent
LEMAHIEU GROUP · 100%
  • CADUSDirector
  • Strike Management CompanyDirector
Go to Board & ownership

Timeline

Events
15
Since
2018
Next accounts
by 31-07-2027
  1. 03-07-2025Annual accounts filed
  2. 11-07-2024Annual accounts filed
  3. 31-12-2023Weakest financial year
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Wholesale of timberNACE 46832
Founded
02-11-2016
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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