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NM WOOD CONSTRUCT

Active Private limited companyfounded 2022active for 3 yearsKwadestraat 40, 8792 WaregemKBO/BCE: BE 0794.887.878
NM WOOD CONSTRUCT
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Overview

Lifetime

3 annual accounts with figures on one time axis
peak €117,081 (2024)
€60,425▼ 48.4%
lowest -€4,448 (2025)
-€4,448▼ €32,874
peak €83,682 (2024)
€79,234▼ 5.3%
€59,981▼ 44.1%
Board1 name since 2022
1 director
Documentsfilings and deeds
17-08-202617 days late
2025micro format
Gross margin from €117,081 to €60,425Loss of €4,448Debts from €107,258 to €59,981

Key points

from the 2025 annual accounts

Turnover

≈ €250,000 estimated

The micro format states no turnover.

Filings

3 annual accounts 2 late
AprilJune31 JulyOctober202320242025

The 2025 accounts came latest: 17 days after the end of the period.

Position in the sector

-€4,448

Lower net result than 82% of companies in specialised construction. Sector median €9,998 · 37,193 companies.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 2,150 companies had the same profile as NM WOOD CONSTRUCT has now. Each dot stands for 6 companies, two years later.

91.5%
were still trading
6.1%
stopped another way
2.2%
went bankrupt
  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a small loss

Another 0.1% stopped without a precise date, possibly only after those two years.

Test of the method

The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 2.9% 3.1%
10 5.6% 6.1%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 2,150 companies, not a prediction for NM WOOD CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

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

Signals

Board and ownership

Director, since 16-12-2022
  • 100 sharesdeed of 20-12-2022
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0794887878
Incorporation Founding capital of €1,000, 100 shares · Founder: · Appointment: (director) · published on 20-12-2022 · Gazette deed
First establishment Kwadestraat 40, Waregem
All 7 events

Comparable companies

same main activity, similar in size and age
Company
NM WOOD CONSTRUCT Waregem €139,215 €60,425 56.9% -
Xeiling Izegem €126,187 €62,034 -1.0% -
CLAEYS DEUREN Ardooie €145,993 €65,063 65.0% -
Matowerk Kalmthout €140,178 €62,194 17.7% -
Atelier Combiné Balen €138,092 €65,277 71.6% -
Menuiserie Staquet Jemeppe-sur-Sambre €148,720 €56,844 -38.6% -
Wouters Raamservice Geel €147,093 €66,431 66.9% -

These companies have the same main activity as NM WOOD CONSTRUCT: joinery installation (NACE 43320). They are comparable in size and age: total assets between €126,000 and €149,000, founded between 2022 and 2023.

Official details

Source: KBO
Status
Active since 16-12-2022Normal situation
Activity
Joinery installationNACE 43320and 4 others
Joint committee
124Construction · annual accounts 2025
Establishment unit
2.339.479.0588792 Waregem, since 16-12-2022
Financial year end
31 December
Peppol
Reachable since 30-10-2023
Company details

Annual accounts 2025

€60,425▼ 48.4%
€4,448
€79,234▼ 5.3%
€139,215▼ 27.1%
Employeeson 31-12-2025
0▼ 100%
Filing
Filed on 17-08-2026
Financials

Insights on NM WOOD CONSTRUCT

NM WOOD CONSTRUCT files the micro format. That format states no turnover. The gross margin fell from €113,892 in 2023 to €60,425 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 17-08-2026, 17 days late
€60,425
▼ 48.4%
-€2,518
▼ €47,205
-€4,448
▼ €32,874
€19,222
▲ 10.5%
56.9%
▲ 13.1 percentage points
1.36
▲ 0.16

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €250,000. Estimated: probably between €180,000 and €380,000.

Balance sheet

balance sheet total €139,215 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

56.9%

Higher than 61% of 37,211 companies in 2025.

1.36

Higher than 36% of 36,505 companies in 2025.

-3.2%

Higher than 18% of 36,740 companies in 2025.

NM WOOD CONSTRUCT Middle half of the sector 80% of the sector Micro accounts in specialised construction (NACE 43)

Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half

Staff

€49,860

Staff costs divided by the average number of full-time equivalents.

-1 person

people who joined people who left

In 2025, nobody joined and 1 person left. Training hours in 2025: 16.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023
Balance sheet: assets
20/58 139,215190,941180,981
21/28 66,85987,61393,123
22/27 66,84987,60393,103
23 9,17610,23011,815
24 49,29964,81264,539
25 8,37412,56116,749
28 101020
29/58 72,356103,32787,858
3 1,4001,4005,000
30/36 1,4001,4005,000
40/41 44,52871,77367,186
40 34,51860,67649,904
41 10,01011,09617,282
54/58 22,86926,23612,736
490/1 3,5593,9182,936
Balance sheet: equity and liabilities
10/49 139,215190,941180,981
10/15 79,23483,68256,089
10/11 1,0001,0001,000
13 82,68282,68255,089
133 82,68282,68255,089
14 -4,44800
17/49 59,981107,258124,891
17 6,84721,19627,927
170/4 6,84721,19627,927
42/48 53,13385,93696,964
42 14,34921,43315,479
44 21,36926,11746,781
440/4 21,36926,11746,781
45 17,41537,55326,910
450/3 15,21036,45222,225
454/9 2,2051,1014,686
47/48 08337,794
492/3 0126-
Income statement
9900 60,425117,081113,892
62 34,90252,79921,078
630 26,81118,32714,110
640/8 1,2311,051376
66A 0216-
9901 -2,51844,68778,328
75/76B 3471,5172,440
75 3471,5172,440
65/66B 1,4303,7903,134
65 1,4303,7903,134
9903 -3,60142,41577,634
67/77 84713,98921,745
9904 -4,44828,42655,889
9905 -4,44828,42655,889
Appropriation of the result
9906 -4,44828,42655,889
691/2 027,59355,089
6921 027,59355,089
694/7 0833800
694 0833800
Social balance sheet
9087 0.71-
Hours worked1013 9281,576-
Document PDFPDFPDF

The notes to these accounts have 16 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 17-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 17 days after the deadline. Filed on 17 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00410632.

Financial year Type Filed Reference Document
31-12-2025 micro format 17-08-2026 2026-00410632 PDF
31-12-2024 micro format 11-08-2025 2025-00368576 PDF
31-12-2023 micro format 26-07-2024 2024-00296947 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023
24,29363,01592,438
22,36346,75369,999
6,05646,044107,232
-3,36713,500-
19,22217,391-9,106
56.9%43.8%31.0%
1.361.200.91
1.341.190.85
0.761.282.23
-5.6%34.0%99.6%
-3.2%14.9%30.9%
16.9916.6329.50

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item31-12-202531-12-2024
Employees at the balance-sheet date01
full-time01
part-time-0
in full-time equivalents01
0.71
On a permanent contract-1
Joined0-
Left1-
Training hours16-

Source: social balance sheet in the 2024 to 2025 annual accounts

Investments

fixed assets acquired
Item202520242023
Tangible fixed assets€6,056€46,044€107,212
Financial fixed assets€0-€20
€26,811€18,327€14,110

Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)

Insights on NM WOOD CONSTRUCT

The operating result for 2025 is a loss of €2,518, after a profit of €44,687 in 2024. It is the lowest result since 2023.

Debt's share of the balance-sheet total falls from 56.2% to 43.1%. Equity and debt are lower.

Board & ownership

Board

1 director, since incorporation
Director
since 16-12-2022 term without a fixed end
listed in the 2025 annual accounts, filed on 17-08-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Artikel 23 - Vertegenwoordigingsbevoegdheid Iedere bestuurder afzonderlijk, ook wanneer er meerdere zijn, vertegenwoordigt de vennootschap…”
deed of 20-12-2022

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today

Director
Board
Mandates as a list
    • Director, from 16-12-2022 to date

See the board, name and registered office on a given date →

Control

Founder
This company
NM WOOD CONSTRUCT
Equity €79,234
Loss €4,448 in 2025

Capital

Contribution
€1,000
Shares
100
Contribution per share
€10
Equity per share
€792 in 2025
Source
deed of 20-12-2022

Articles of association

deed of 20-12-2022 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Saturday of June at 18:00

Shareholders

At incorporation deed of 20-12-2022 ↗
  • 100 shares · €1,000 in cash

Network & group

No group

NM WOOD CONSTRUCT has no parent and no holdings in its annual accounts. is the only director. NM WOOD CONSTRUCT shares no director with another company.

Timeline

Timeline

7 events since 2022

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 17 days late
2025
Weakest financial year net -€4,448 The net result drops to -€4,448, the lowest from 2023 to 2025.
Annual accounts 2024 filed PDFmicro format · 11 days late
2024
Annual accounts 2023 filed PDFmicro format · 5 days before the deadline
2023
Registered in the Peppol Directory Reachable for e-invoices through 0208:0794887878
2022
IncorporationFounding capital of €1,000, 100 shares · Founder: · Appointment: (director) · published on 20-12-20226 points ▸
  • Founder,
  • Founding capital, €1,000, 100 shares
  • Capital contribution, €1,000
  • holds 100 shares
  • Registered office clause, Kwadestraat 40, 8792 Waregem (Desselgem)
  • Director appointment,
  • The deed holds 9 more points.

Open the deed in the Belgian Official Gazette

First establishment Kwadestraat 40, Waregem

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 16 December 2022, NM WOOD CONSTRUCT was incorporated as a private limited company by one natural person, with a starting capital of €1,000.12 has served as director since 2022.3 Total assets went from €180,981 in 2023 to €139,215 in 2025.4

  1. 1KBO register
  2. 2Belgian Official Gazette, 20-12-2022
  3. 3National Bank, annual accounts 2025
  4. 4National Bank, annual accounts 2023 and 2025

Company details

Identity

Enterprise number
0794.887.878
VAT number
BE 0794.887.878
Peppol ID
0208:0794887878
Other Peppol ID
9925:BE0794887878
Legal form
Private limited company
Status
Active, normal situation
Founded
16-12-2022
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Saturday of June at 18:00
deed of 20-12-2022 (in Dutch)
Peppol
Reachable since 30-10-2023Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
NM WOOD CONSTRUCT in Dutch
Name in the Peppol Directory
Naessens, Michiel
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 20-12-2022 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 20-12-2022 (in Dutch)

Activities

NACEBEL 2025
43320 Joinery installation main activity
41003 General construction of other non-residential buildings
43990 Other specialised construction activities
74120 Graphic design and visual communication
82990 Other business support services
Joint committees annual accounts 2025
JC 124 Construction
Codes under NACEBEL 2008
43320 Joinery installation main activity
41203 Construction of residential and non-residential buildings
43995 Specialised construction activities
74103 Other professional, scientific and technical activities
82990 Other business support services
PurposeThe purpose describes the activities the company may carry out under its articles.
“Chapewerken; Restaureren van bouwwerken; Uitvoeren van metsel-en voegwerken; Waterdichtingswerken van muren; Plaatsen van dakgoten en…”
50 activities
  1. Chapewerken.
  2. Restaureren van bouwwerken.
  3. Uitvoeren van metsel-en voegwerken.
  4. Waterdichtingswerken van muren.
  5. Plaatsen van dakgoten en regenafvoerbuizen.
  6. Plaatsen van dakbedekking van ongeacht welk materiaal.
  7. Bouw van daken.
  8. Dakwerkzaamheden.
  9. Werkzaamheden ivm de afwerking van gebouwen.
  10. Glaszetten.
  11. Schilderwerken.
  12. Plaatsen van behang en vloerbedekking en wandbekleding van andere materialen.
  13. Plaatsen in gebouwen en andere bouwwerken van parket en houten vloerbedekking en wandbekleding van hout.
  14. Plaatsen van vloer-en wandtegels.
  15. Plaatsen van tussenwanden van gipsplaten.
  16. Installatie van binnendeuren,scheidingswanden enz.van glas.
  17. Montage van buiten-en binnenschrijnwerk van kunststof.
  18. Montage van serres,veranda’s enz.in metaal.
  19. Installatie van geblindeerde deuren en brandwerende deuren in metaal.
  20. Installatie van al dan niet verplaatsbare tussenwanden,de bekleding van wanden,plafonds,enz.in metaal.
  21. Montage van binnen-en buitenschrijnwerk in metaal:deuren,vensters,kozijnen,trappen,muurkasten,inbouwkeukens,winkelinrichtingen,enz.
  22. Montage van serres,veranda’s,enz.in hout of kunststof.
  23. Installatie van geblindeerde deuren en brandwerende deuren in hout of kunststof.
  24. Installatie van garagepoorten,luiken,zonneblinden,traliewerk,hekken,enz.in hout of kunststof.
  25. Installatie van al dan niet verplaatsbare tussenwanden,bekleding van wanden,plafonds,enz.in hout of kunststof.
  26. Montage van buiten-en binnenschrijnwerk van hout of van kunststof:deuren,vensters,kozijnen,trappen,muurkasten,inbouwkeukens,winkelinrichtingen,enz.
  27. Schrijnwerk.
  28. Stukadoorswerk.
  29. Vervaardigen van meubels,tuin-en terrasmeubelen,eetkamer-,zitkamer-,slaapkamer-en badkamermeubelen,keukenmeubelen,kantoor-en winkelmeubelen.
  30. Vervaardigen van timmer-en schrijnwerk.
  31. Vervaardigen van fineer en van panelen op basis van hout.
  32. Zagen en schaven van hout.
  33. Ontwikkeling van(niet)-residentiële bouwprojecten.
  34. Algemene bouw van(niet)-residentiële gebouwen.
  35. Algemene coördinatiewerkzaamheden bouwwerf.
  36. Sloopwerken.
  37. Bouwrijp maken van terreinen;grondverzet,drainage,enz.
  38. Elektrotechnische installatiewerken aan gebouwen.
  39. Loodgieterswerk,installatie van verwarming en klimaatregeling.
  40. Isolatiewerkzaamheden.
  41. Landschapsverzorging;aanleggen en onderhouden van tuinen,parken.
  42. Activiteiten van interieurdecorateurs.
  43. Handelsbemiddeling,groot-en kleinhandel in hout en bouwmaterialen.
  44. Gegevensverwerking,webhosting en aanverwante activiteiten.
  45. Webportaal;social media.
  46. Adviesbureau op het gebied van bedrijfsbeheer en bedrijfsvoering.
  47. Activiteiten van grafische designers zoals het ontwerpen en maken van 3D-ontwerpen voor visualisatie.
  48. Diverse administratieve activiteiten.
  49. Zakelijke dienstverlening.
  50. Uittekenen van plannen.
deed of 20-12-2022 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Kwadestraat 40 registered office 8792 Waregem 16-12-2022 2.339.479.058

Buildings and parcels at the address

Ground area
820 m²
Buildings
133 m²
Volume, LiDAR
575 m³
Tallest building
8.4 m
Buildings to scale, each on its own parcel
133 m², 8.4 m 133 m², 8.4 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
34010B0189/00D000820 m² 1 · 133 m² 8.4 m · 1

Invoicing and payment

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0794.887.878

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