nvdm
ActiveSummary
nvdm has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €144,938 and a net result of €25,860. Equity is growing by ~21.7% per year across the filed fiscal years. Its solvency ranks better than 41% of 550 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+10
Solvency58▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 2.3 against 1.92 in 2024; short-term debt: 18.8% and cash: 3.2% of total assets), but 67% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
33%
Return on assets
5.9%
Age of the figures
12 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)
about 8% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 09-04-2026, 21 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
21 d early
2024
37 d early
2023
33 d early
2022
39 d early
2021
32 d early
2020
39 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 34 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 29 March (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close30-09-2026 today30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€144,938▲ 21.7%
2024 · €119,078
Total assets
€438,997▲ 9.3%
2024 · €401,623
Net result
€25,860
2024 · -€7,271
Working capital
€107,394▲ 81.9%
2024 · €59,028
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 16, Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€19,441▼ 47.9%€46,034▲ 137%€55,312▲ 20.2%-€3,139€35,170
Net result€15,895within the sector's middle half▼ 39.4%€34,225above the sector's middle half▲ 115%€39,983above the sector's middle half▲ 16.8%-€7,271below the sector's middle half€25,860within the sector's middle half
Equity€52,141within the sector's middle half▲ 43.9%€86,366within the sector's middle half▲ 65.6%€126,349within the sector's middle half▲ 46.3%€119,078within the sector's middle half▼ 5.8%€144,938within the sector's middle half▲ 21.7%
Total assets€90,330within the sector's middle half▲ 20.5%€362,916within the sector's middle half▲ 302%€451,303above the sector's middle half▲ 24.4%€401,623above the sector's middle half▼ 11.0%€438,997above the sector's middle half▲ 9.3%
Debt€38,189▼ 1.3%€276,550▲ 624%€324,954▲ 17.5%€282,545▼ 13.1%€294,059▲ 4.1%
Working capital€15,316within the sector's middle half▼ 25.3%-€1,428within the sector's middle half€41,780within the sector's middle half€59,028within the sector's middle half▲ 41.3%€107,394above the sector's middle half▲ 81.9%
Solvency57.7%within the sector's middle half▲ 9.4pp23.8%within the sector's middle half▼ 33.9pp28.0%within the sector's middle half▲ 4.2pp29.6%within the sector's middle half▲ 1.7pp33.0%within the sector's middle half▲ 3.4pp
Current ratio1.42within the sector's middle half▼ 0.290.98within the sector's middle half▼ 0.431.41within the sector's middle half▲ 0.431.92within the sector's middle half▲ 0.502.30within the sector's middle half▲ 0.39
Return on assets (ROA)17.6%above the sector's middle half▼ 17.4pp9.4%within the sector's middle half▼ 8.2pp8.9%within the sector's middle half▼ 0.6pp-1.8%below the sector's middle half▼ 10.7pp5.9%within the sector's middle half▲ 7.7pp
above
within
below
the middle half (P25 to P75) of NACE 16, Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €35,170 after a loss of €3,139 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €438,997
Fixed assets
€249,226 ▼ 10.4%
Current assets
€189,771 ▲ 53.7%
Equity and liabilities €438,997
Equity
€144,938 ▲ 21.7%
Debt
€294,059 ▲ 4.1%
Debt's share of the balance-sheet total falls from 70.4% to 67.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€73,500▲
2024 · €38,313
Cash flow
€64,190▲
2024 · €34,181
Quick ratio
2.13▲
2024 · 1.69
Debt to equity
2.03▼
2024 · 2.37
ROE
17.8%▲
2024 · -6.1%
Interest coverage
18.64▲
2024 · 9.16
Debt ≤ 1 year
€82,377▲
2024 · €64,410
Debt > 1 year
€162,718▼
2024 · €177,814
Income taxes
€5,658▲
2024 · €13
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,975 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,211 | €29,066 | €37,194 | €41,451 | €38,330 | ▼ 7.5% |
| Other operating charges640/8 | - | €3,456 | €3,733 | €3,716 | €3,981 | ▲ 7.1% |
| Non-recurring operating charges66A | - | €42 | €181 | - | - | - |
| Gross operating margin9900 | €28,260 | €78,598 | €96,420 | €42,028 | €77,481 | ▲ 84.4% |
| Operating profit (loss)9901 | €19,441 | €46,034 | €55,312 | -€3,139 | €35,170 | ▲ 1,221% |
| Financial income75/76B | - | €33 | €25 | €63 | €291 | ▲ 359% |
| Recurring financial income75 | €0 | €33 | €25 | €63 | €291 | ▲ 359% |
| Financial charges65/66B | - | €3,323 | €5,768 | €4,182 | €3,943 | ▼ 5.7% |
| Recurring financial charges65 | €179 | €3,323 | €5,768 | €4,182 | €3,943 | ▼ 5.7% |
| Profit (loss) for the period before taxes9903 | €19,262 | €42,744 | €49,569 | -€7,257 | €31,518 | ▲ 534% |
| Income taxes67/77 | €3,366 | €8,519 | €9,586 | €13 | €5,658 | ▲ 42,220% |
| Profit (loss) for the period9904 | €15,895 | €34,225 | €39,983 | -€7,271 | €25,860 | ▲ 456% |
| Profit (loss) for the period to be appropriated9905 | €15,895 | €34,225 | €39,983 | -€7,271 | €25,860 | ▲ 456% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €90,330 | €362,916 | €451,303 | €401,623 | €438,997 | ▲ 9.3% |
| Fixed assets21/28 | €38,136 | €291,254 | €308,486 | €278,185 | €249,226 | ▼ 10.4% |
| Tangible fixed assets22/27 | €38,136 | €291,254 | €308,486 | €278,185 | €249,226 | ▼ 10.4% |
| Land and buildings22 | - | €214,908 | €235,631 | €222,804 | €214,644 | ▼ 3.7% |
| Plant, machinery and equipment23 | - | €67,450 | €57,333 | €40,182 | €21,640 | ▼ 46.1% |
| Furniture and vehicles24 | - | €8,897 | €15,522 | €15,199 | €12,942 | ▼ 14.8% |
| Current assets29/58 | €52,194 | €71,662 | €142,817 | €123,438 | €189,771 | ▲ 53.7% |
| Stocks and contracts in progress3 | €7,500 | €8,066 | €43,962 | €14,620 | €14,620 | = |
| Stocks30/36 | - | €8,066 | €16,462 | €14,620 | €14,620 | = |
| Contracts in progress37 | - | - | €27,500 | - | - | - |
| Amounts receivable within one year40/41 | €43,518 | €48,532 | €88,483 | €22,428 | €159,439 | ▲ 611% |
| Trade receivables40 | - | €48,532 | €88,070 | €12,428 | €155,098 | ▲ 1,148% |
| Other amounts receivable41 | - | - | €414 | €10,000 | €4,342 | ▼ 56.6% |
| Cash at bank and in hand54/58 | €156 | €15,064 | €10,371 | €86,390 | €13,918 | ▼ 83.9% |
| Deferred charges and accrued income490/1 | - | - | - | - | €1,794 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €90,330 | €362,916 | €451,303 | €401,623 | €438,997 | ▲ 9.3% |
| Equity10/15 | €52,141 | €86,366 | €126,349 | €119,078 | €144,938 | ▲ 21.7% |
| Contributions10/11 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | €42,141 | €76,366 | €116,349 | €116,349 | €134,938 | ▲ 16.0% |
| Distributable reserves133 | - | €76,366 | €116,349 | €116,349 | €134,938 | ▲ 16.0% |
| Profit (loss) carried forward14 | - | - | - | -€7,271 | - | - |
| Amounts payable17/49 | €38,189 | €276,550 | €324,954 | €282,545 | €294,059 | ▲ 4.1% |
| Amounts payable after more than one year17 | - | €186,012 | €192,722 | €177,814 | €162,718 | ▼ 8.5% |
| Financial debts170/4 | - | €186,012 | €192,722 | €177,814 | €162,718 | ▼ 8.5% |
| Amounts payable within one year42/48 | €36,878 | €73,090 | €101,037 | €64,410 | €82,377 | ▲ 27.9% |
| Current portion of amounts payable after more than one year42 | - | €10,193 | €14,726 | €14,908 | €15,096 | ▲ 1.3% |
| Trade debts44 | €21,707 | €6,434 | €17,093 | €9,390 | €7,289 | ▼ 22.4% |
| Suppliers440/4 | - | €6,434 | €17,093 | €9,390 | €7,289 | ▼ 22.4% |
| Taxes, remuneration and social security45 | - | €11,546 | €14,455 | €1,462 | €20,517 | ▲ 1,303% |
| Taxes450/3 | - | €11,546 | €14,455 | €1,462 | €20,517 | ▲ 1,303% |
| Other amounts payable47/48 | - | €44,918 | €54,761 | €38,651 | €39,474 | ▲ 2.1% |
| Accrued charges and deferred income492/3 | - | €17,448 | €31,195 | €40,320 | €48,964 | ▲ 21.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,895 | €34,225 | €39,983 | -€7,271 | €25,860 | ▲ 456% |
| + Depreciation and write-downs630 | €8,211 | €29,066 | €37,194 | €41,451 | €38,330 | ▼ 7.5% |
| Operating cash flow (approximation) | €24,106 | €63,292 | €77,177 | €34,181 | €64,190 | ▲ 87.8% |
| Investment in fixed assets (approximation) | - | -€282,185 | -€54,426 | -€11,150 | -€9,371 | ▲ 16.0% |
| Change in cash | - | €14,908 | -€4,693 | €76,018 | -€72,472 | ▼ 195% |
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
09-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €25,860
Net result €25,860 after one loss-making year.
24-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet -€7,271
Net result drops to -€7,271, the lowest in the series; recovery starts the following year.
28-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Highest result since 2020net €39,983 ▲16.8%
Operating result €55,312, net result €39,983, both a record.
30-09
Financial
Equity above €100,000Eq €126,349 ▲46.3%
4 profitable years in a row build equity to €126,349.
22-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-03
NBB filing
Annual accounts filed
fiscal year 2020 · 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, Ieper · 1 establishment unit since 2019
Ground area
2,121 m²
Building footprint
595 m²
Volume, LiDAR
3,346 m³
Parcel 33305B0988/00H000, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
nvdm
since 20192.296.382.552
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33305B0988/00H000 | Flanders | 2,120 m² | 1 · 595 m² | 6.8 m · 2 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 347 EUR awarded · 347 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 347 EUR | 347 EUR |
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Of 663 companies in sector 16110 we hold annual accounts for 320. 203 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
Founded02-12-2019
Fiscal year end30-09
Activities, NACEBEL 2025
16110Sawmilling and planing of wood
16281Manufacture of other wood products
31004Manufacture of dining room, living room, bedroom and bathroom furniture
Contact
Phone
0472731774Ieper
E-invoicing
Reachable via Peppol
Peppol ID
0208:0738630155
Registered
04-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.