NM WOOD CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of NM WOOD CONSTRUCT is 2.8% (moderate). The 2025 annual accounts show equity of €79k and a net result of €-4k. Equity is growing by ~14.6% per year across the filed fiscal years. Its solvency ranks better than 61% of 27965 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability65▼-22
Solvency82▲+13
Growth52=
Track record94
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity tight (current ratio 1.36 against 1.2 in 2024; short-term debt: 38.2% and cash: 16.4% of total assets), and 43.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
56.9%
Return on assets
-3.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
17 d late
2024
11 d late
2023
5 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€79k▼ 5.3%
2024 · €84k
2023: €56klowest in 3 years
2024: €84k▲ +49.2% vs 2023highest in 3 years
2025: €79k▼ -5.3% vs 2024
2023 → 2025
Total assets
€139k▼ 27.1%
2024 · €191k
2023: €181k
2024: €191k▲ +5.5% vs 2023highest in 3 years
2025: €139k▼ -27.1% vs 2024lowest in 3 years
2023 → 2025
Net result
€-4k
2024 · €28k
2023: €56khighest in 3 years
2024: €28k▼ -49.1% vs 2023
2025: €-4k▼ -116% vs 2024lowest in 3 years
2023 → 2025
Working capital
€19k▲ 10.5%
2024 · €17k
2023: €-9klowest in 3 years
2024: €17k▲ +291% vs 2023
2025: €19k▲ +10.5% vs 2024highest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€56k-€84k▲ 49.2%€79k▼ 5.3%
2023: €56klowest in 3 years
2024: €84k▲ +49.2% vs 2023highest in 3 years
2025: €79k▼ -5.3% vs 2024
Operating result€78k-€45k▼ 42.9%€-3k
2023: €78khighest in 3 years
2024: €45k▼ -42.9% vs 2023
2025: €-3k▼ -106% vs 2024lowest in 3 years
Net result€56k-€28k▼ 49.1%€-4k
2023: €56khighest in 3 years
2024: €28k▼ -49.1% vs 2023
2025: €-4k▼ -116% vs 2024lowest in 3 years
Turnover and EBIT margin not published: the 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 €45k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €139k
Fixed assets
€67k ▼ 23.7%
Current assets
€72k ▼ 30.0%
Equity and liabilities €139k
Equity
€79k ▼ 5.3%
Debt
€60k ▼ 44.1%
Debt's share of the balance-sheet total falls from 56.2% to 43.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€24k▼
2024 · €63k
Cash flow
€22k▼
2024 · €47k
Current ratio
1.36▲
2024 · 1.20
Quick ratio
1.34▲
2024 · 1.19
Debt to equity
0.76▼
2024 · 1.28
ROE
-5.6%▼
2024 · 34.0%
ROA
-3.2%▼
2024 · 14.9%
Interest coverage
16.99▲
2024 · 16.63
Debt ≤ 1 year
€53k▼
2024 · €86k
Debt > 1 year
€7k▼
2024 · €21k
Income taxes
€847▼
2024 · €14k
Staff costs
€35k▼
2024 · €53k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€191k€139k▼
Fixed assets21/28€88k€67k▼
Tangible fixed assets22/27€88k€67k▼
Plant, machinery and equipment23€10k€9k▼
Furniture and vehicles24€65k€49k▼
Leasing and similar rights25€13k€8k▼
Financial fixed assets28€10€10=
Current assets29/58€103k€72k▼
Stocks and contracts in progress3€1k€1k=
Stocks30/36€1k€1k=
Amounts receivable within one year40/41€72k€45k▼
Trade receivables40€61k€35k▼
Other amounts receivable41€11k€10k▼
Cash at bank and in hand54/58€26k€23k▼
Deferred charges and accrued income490/1€4k€4k▼
Equity and liabilities
Total equity and liabilities10/49€191k€139k▼
Equity10/15€84k€79k▼
Contributions10/11€1k€1k=
Reserves13€83k€83k=
Distributable reserves133€83k€83k=
Profit (loss) carried forward14€0€-4k▼
Amounts payable17/49€107k€60k▼
Amounts payable after more than one year17€21k€7k▼
Financial debts170/4€21k€7k▼
Amounts payable within one year42/48€86k€53k▼
Current portion of amounts payable after more than one year42€21k€14k▼
Trade debts44€26k€21k▼
Suppliers440/4€26k€21k▼
Taxes, remuneration and social security45€38k€17k▼
Taxes450/3€36k€15k▼
Remuneration and social security454/9€1k€2k▲
Other amounts payable47/48€833€0▼
Accrued charges and deferred income492/3€126€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€53k€35k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€27k▲
Other operating charges640/8€1k€1k▲
Non-recurring operating charges66A€216€0▼
Gross operating margin9900€117k€60k▼
Operating profit (loss)9901€45k€-3k▼
Financial income75/76B€2k€347▼
Recurring financial income75€2k€347▼
Financial charges65/66B€4k€1k▼
Recurring financial charges65€4k€1k▼
Profit (loss) for the period before taxes9903€42k€-4k▼
Income taxes67/77€14k€847▼
Profit (loss) for the period9904€28k€-4k▼
Profit (loss) for the period to be appropriated9905€28k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€28k€-4k▼
Transfer to equity691/2€28k€0▼
To other reserves6921€28k€0▼
Profit to be distributed694/7€833€0▼
Return on contributions (dividend)694€833€0▼
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €21k | €53k | €35k | ▼ 33.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €18k | €27k | ▲ 46.3% |
| Other operating charges640/8 | €376 | €1k | €1k | ▲ 17.1% |
| Non-recurring operating charges66A | - | €216 | €0 | ▼ 100% |
| Gross operating margin9900 | €114k | €117k | €60k | ▼ 48.4% |
| Operating profit (loss)9901 | €78k | €45k | €-3k | ▼ 106% |
| Financial income75/76B | €2k | €2k | €347 | ▼ 77.1% |
| Recurring financial income75 | €2k | €2k | €347 | ▼ 77.1% |
| Financial charges65/66B | €3k | €4k | €1k | ▼ 62.3% |
| Recurring financial charges65 | €3k | €4k | €1k | ▼ 62.3% |
| Profit (loss) for the period before taxes9903 | €78k | €42k | €-4k | ▼ 108% |
| Income taxes67/77 | €22k | €14k | €847 | ▼ 93.9% |
| Profit (loss) for the period9904 | €56k | €28k | €-4k | ▼ 116% |
| Profit (loss) for the period to be appropriated9905 | €56k | €28k | €-4k | ▼ 116% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €181k | €191k | €139k | ▼ 27.1% |
| Fixed assets21/28 | €93k | €88k | €67k | ▼ 23.7% |
| Tangible fixed assets22/27 | €93k | €88k | €67k | ▼ 23.7% |
| Plant, machinery and equipment23 | €12k | €10k | €9k | ▼ 10.3% |
| Furniture and vehicles24 | €65k | €65k | €49k | ▼ 23.9% |
| Leasing and similar rights25 | €17k | €13k | €8k | ▼ 33.3% |
| Financial fixed assets28 | €20 | €10 | €10 | = |
| Current assets29/58 | €88k | €103k | €72k | ▼ 30.0% |
| Stocks and contracts in progress3 | €5k | €1k | €1k | = |
| Stocks30/36 | €5k | €1k | €1k | = |
| Amounts receivable within one year40/41 | €67k | €72k | €45k | ▼ 38.0% |
| Trade receivables40 | €50k | €61k | €35k | ▼ 43.1% |
| Other amounts receivable41 | €17k | €11k | €10k | ▼ 9.8% |
| Cash at bank and in hand54/58 | €13k | €26k | €23k | ▼ 12.8% |
| Deferred charges and accrued income490/1 | €3k | €4k | €4k | ▼ 9.2% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €181k | €191k | €139k | ▼ 27.1% |
| Equity10/15 | €56k | €84k | €79k | ▼ 5.3% |
| Contributions10/11 | €1k | €1k | €1k | = |
| Reserves13 | €55k | €83k | €83k | = |
| Distributable reserves133 | €55k | €83k | €83k | = |
| Profit (loss) carried forward14 | €0 | €0 | €-4k | - |
| Amounts payable17/49 | €125k | €107k | €60k | ▼ 44.1% |
| Amounts payable after more than one year17 | €28k | €21k | €7k | ▼ 67.7% |
| Financial debts170/4 | €28k | €21k | €7k | ▼ 67.7% |
| Amounts payable within one year42/48 | €97k | €86k | €53k | ▼ 38.2% |
| Current portion of amounts payable after more than one year42 | €15k | €21k | €14k | ▼ 33.1% |
| Trade debts44 | €47k | €26k | €21k | ▼ 18.2% |
| Suppliers440/4 | €47k | €26k | €21k | ▼ 18.2% |
| Taxes, remuneration and social security45 | €27k | €38k | €17k | ▼ 53.6% |
| Taxes450/3 | €22k | €36k | €15k | ▼ 58.3% |
| Remuneration and social security454/9 | €5k | €1k | €2k | ▲ 100% |
| Other amounts payable47/48 | €8k | €833 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | €126 | €0 | ▼ 100% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €56k | €28k | €-4k | ▼ 116% |
| + Depreciation and write-downs630 | €14k | €18k | €27k | ▲ 46.3% |
| Operating cash flow (approximation) | €70k | €47k | €22k | ▼ 52.2% |
| Investment in fixed assets (approximation) | - | €-13k | €-6k | ▲ 52.8% |
| Change in cash | - | €13k | €-3k | ▼ 125% |
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
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 17 days late
2025
31-12
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series.
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 11 days late
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
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, Waregem · 1 establishment unit since 2022
Ground area
820 m²
Building footprint
133 m²
Volume, LiDAR
575 m³
Parcel 34010B0189/00D000, Flanders · tallest building 8.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
NM WOOD CONSTRUCT
since 20222.339.479.058
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34010B0189/00D000 | Flanders | 820 m² | 1 · 133 m² | 8.4 m · 1 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 20,028 companies in sector 43320 we hold annual accounts for 9,133. 7,665 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
Founded16-12-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
41003General construction of other non-residential buildings
43990Other specialised construction activities
74120Graphic design and visual communication
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.