NF WOOD

Active

Private limited companyfounded 20179 yrs activeRue du Fond du Flo 2, 4620 Fléron, BelgiumKBO/BCE: BE 0670.858.928

The file of NF WOOD contains 3 judicial reorganisations, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is 20.1% (high). The 2025 annual accounts show negative equity (€-94k) and a net result of €221k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 6% of 4789 sector peers (fiscal year 2025).

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Checked score

Score 2025

16 / 100

Critical

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability0▼-100

Solvency53▲+15

Growth58▲+26

Stability60

Bankruptcy probability, 12 months

20.1% High

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity tight (current ratio 1.37 against 0.71 in 2024), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Nine signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Judicial reorganisation on record

A judicial reorganisation is on record, and one often precedes a bankruptcy.

Belgian State Gazette

Recent warning signals

The last 24 months brought warning signals in the Staatsblad or the KBO, and those often pile up before a bankruptcy.

Belgian State Gazette

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

Sector 46

higher

← fewer bankruptcies more bankruptcies →

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 2025

Solvency, return and age of the figures

Solvency

-6.3%

Return on assets

15%

Age of the figures

17 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 6% of 4789 sector peers (2025).

NBB · sector comparison

Position among 4789 sector peers

Solvency

better than 6%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 21-10-2025, 10 days ahead of the deadline.

NBB · 8 filings

Deviation from the deadline

2025

10 d early

2024

5 d early

2023

on the day

2022

3 d late

2021

2 d late

2020

16 d late

2019

2 d early

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.

Companies Code · seven months

Position in the running window

31-03-2026 close10-09-2026 today31-10-2026 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€221k

2024 · €-414k

2019: €18k 2020: €102k 2021: €10k 2022: €-25k 2023: €-91k 2024: €-414k

2019 → 2025

Working capital

€229k

2024 · €-358k

2019: €-87k 2020: €135k 2021: €82k 2022: €21k 2023: €139k 2024: €-358k

2019 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€219k-€193k▼ 12.0%€101k▼ 47.7%€-314k€-94k▲ 70.2%

Operating result€50k-€12k▼ 76.9%€-40k€-288k▼ 611%€295k

Net result€10k-€-25k€-91k▼ 258%€-414k▼ 356%€221k

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2025: €295k after a loss of €288k in 2024, the highest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €1.48M

42.3%

57.7%

Fixed assets €625k▼ 6.6%

Current assets €851k▼ 1.8%

Key figures and ratios

2025 value · change against 2024

EBITDA

€342k▲

2024 · €-242k

Cash flow

€269k▲

2024 · €-368k

Solvency

-6.3%▲

2024 · -20.4%

Current ratio

1.37▲

2024 · 0.71

Quick ratio

0.65▲

2024 · 0.34

Debt / equity

-16.77▼

2024 · -5.89

ROE

-236.7%▼

2024 · 131.8%

ROA

15.0%▲

2024 · -27.0%

Interest coverage

4.47▲

2024 · -2.42

Debt

€1.57M▼

2024 · €1.85M

Debt ≤ 1 year

€623k▼

2024 · €1.22M

Debt > 1 year

€943k▲

2024 · €613k

Income taxes

€141▲

2024 · €133

Staff costs

€7k▲

2024 · €3k

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€1.54M€1.48M▼

Fixed assets21/28€669k€625k▼

Intangible fixed assets21€5k€3k▼

Tangible fixed assets22/27€663k€621k▼

Land and buildings22€642k€607k▼

Plant, machinery and equipment23€7k€6k▼

Furniture and vehicles24€13k€7k▼

Financial fixed assets28€800€800=

Current assets29/58€867k€851k▼

Stocks and contracts in progress3€451k€450k▼

Stocks30/36€451k€450k▼

Amounts receivable within one year40/41€392k€381k▼

Trade receivables40€306k€286k▼

Other amounts receivable41€86k€95k▲

Cash at bank and in hand54/58€12k€3k▼

Deferred charges and accrued income490/1€11k€17k▲

Equity and liabilities

Total equity and liabilities10/49€1.54M€1.48M▼

Equity10/15€-314k€-94k▲

Contributions10/11€62k€62k=

Reserves13€115k€340k▲

Non-distributable reserves130/1€6k€6k=

Other1319€6k€6k=

Tax-exempt reserves132-€225k

Distributable reserves133€109k€109k=

Profit (loss) carried forward14€-506k€-510k▼

Investment grants15€15k€14k▼

Provisions and deferred taxes16€1€1=

Provisions for liabilities and charges160/5€1€1=

Environmental obligations163€1€1=

Amounts payable17/49€1.85M€1.57M▼

Amounts payable after more than one year17€613k€943k▲

Financial debts170/4€613k€943k▲

Amounts payable within one year42/48€1.22M€623k▼

Current portion of amounts payable after more than one year42€195k€101k▼

Financial debts43€631k€327k▼

Credit institutions430/8€631k€327k▼

Trade debts44€362k€154k▼

Suppliers440/4€362k€154k▼

Taxes, remuneration and social security45€3k€5k▲

Taxes450/3€3k€1k▼

Remuneration and social security454/9€481€4k▲

Other amounts payable47/48€34k€35k▲

Accrued charges and deferred income492/3€12k€4k▼

Income statement Code20242025

Non-recurring operating income76A-€225k

Remuneration, social security and pensions62€3k€7k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46k€47k▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€73k€-73k▼

Other operating charges640/8€7k€2k▼

Non-recurring operating charges66A€177k-

Gross operating margin9900€18k€278k▲

Operating profit (loss)9901€-288k€295k▲

Financial income75/76B€4k€3k▼

Recurring financial income75€4k€3k▼

Financial charges65/66B€131k€77k▼

Recurring financial charges65€100k€77k▼

Non-recurring financial charges66B€31k-

Profit (loss) for the period before taxes9903€-414k€222k▲

Income taxes67/77€133€141▲

Profit (loss) for the period9904€-414k€221k▲

Transfer to tax-exempt reserves689-€225k

Profit (loss) for the period to be appropriated9905€-414k€-4k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-506k€-510k▼

Profit (loss) brought forward from the previous period14P€-92k€-506k▼

Social balance

Average headcount (FTE)90870.10.4▲

The notes to these accounts (23 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 14Signals 3Financial 3Filings 8

Next filing, fiscal year 2026, expected by 31-10-2026

2025

21-10

NBB filing Annual accounts filed

fiscal year 2025 · full schema

31-03

Financial Back to profitnet €221k

Net result €221k after 3 loss-making years.

2024

17-12

Judicial reorganisation Plan homologation

Tribunal de l’entreprise de Liège · 20240011 · event 12-12-2024

26-10

NBB filing Annual accounts filed

fiscal year 2024 · full schema

17-06

Judicial reorganisation Extension

Tribunal de l’entreprise de Liège · collectif · event 11-06-2024

31-03

Financial Weakest financial yearnet €-414k

Net result drops to €-414k, the lowest in the series; recovery starts the following year.

19-02

Judicial reorganisation Opening

Tribunal de l’entreprise de Liège · collectif · event 13-02-2024

2023

31-10

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2022

03-11

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 3 days late

2021

02-11

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 2 days late

2020

16-11

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 16 days late

31-03

Financial Equity above €200kEq €210k ▲135%

2 profitable years in a row build equity to €210k.

2019

29-10

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2018

31-10

NBB filing Annual accounts filed

fiscal year 2018 · full schema

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 3 acts read

About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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