NVL Wood Construct
ActiveThe computed 12-month bankruptcy probability of NVL Wood Construct is 1.8% (moderate). The annual accounts of NVL Wood Construct for fiscal year 2025 show a net loss of 61% of total assets and of 97% of the equity at the start of that year. The 2025 annual accounts show equity of €577 and a net result of €-22k. Equity is growing by ~26.4% per year across the filed fiscal years. Its solvency ranks better than 15% of 542 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
28
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-58
Solvency27▼-41
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.27 against 1.53 in 2024; short-term debt: 60.3% and cash: 4.2% of total assets), and 98.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 · 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
1.6%
Return on assets
-60.9%
Age of the figures
9 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
Sector 16
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 542 sector peers (2025).
NBB · sector comparisonPosition among 542 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 · 6 filingsDeviation from the deadline
2025
26 d late
2024
13 d early
2023
97 d late
2022
31 d late
2021
32 d late
2020
22 d early
← before the deadline
after the deadline →
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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€577▼ 97.4%
2024 · €23k
2020: €9k
2021: €1k
2022: €16k
2023: €22k
2024: €23k
2020 → 2025
Total assets
€36k▼ 30.9%
2024 · €52k
2020: €60k
2021: €30k
2022: €38k
2023: €46k
2024: €52k
2020 → 2025
Net result
€-22k
2024 · €89
2020: €6k
2021: €-8k
2022: €15k
2023: €6k
2024: €89
2020 → 2025
Working capital
€6k▼ 62.5%
2024 · €16k
2020: €874
2021: €-13k
2022: €5k
2023: €15k
2024: €16k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1k-€16k▲ 1,380%€22k▲ 40.8%€23k▲ 0.4%€577▼ 97.4%
Operating result€-6k-€20k€10k▼ 49.2%€2k▼ 81.3%€-20k
Net result€-8k-€15k€6k▼ 56.3%€89▼ 98.6%€-22k
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 €20k after €2k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €36k
Fixed assets
€8k▲ 24.9%
Current assets
€28k▼ 39.1%
Equity and liabilities €36k
Equity
€577▼ 97.4%
Debt
€35k▲ 19.7%
The debt ratio rises from 56.8% to 98.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-16k▼
2024 · €6k
Cash flow
€-17k▼
2024 · €4k
Solvency
1.6%▼
2024 · 43.2%
Current ratio
1.27▼
2024 · 1.53
Quick ratio
1.00▼
2024 · 1.53
ROA
-60.9%▼
2024 · 0.2%
Interest coverage
-9.49▼
2024 · 4.65
Debt
€35k▲
2024 · €30k
Debt ≤ 1 year
€22k▼
2024 · €30k
Debt > 1 year
€14k
Income taxes
€141▼
2024 · €572
Equity ratios withheld: equity of €577 is too small for a meaningful ratio.
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€52k€36k▼
Fixed assets21/28€7k€8k▲
Tangible fixed assets22/27€7k€8k▲
Plant, machinery and equipment23€1k€1k▼
Furniture and vehicles24€5k€6k▲
Other tangible fixed assets26€972€801▼
Current assets29/58€45k€28k▼
Stocks and contracts in progress3-€6k
Stocks30/36-€6k
Amounts receivable within one year40/41€36k€20k▼
Trade receivables40€28k€9k▼
Other amounts receivable41€7k€11k▲
Cash at bank and in hand54/58€9k€2k▼
Deferred charges and accrued income490/1€1k€55▼
Equity and liabilities
Total equity and liabilities10/49€52k€36k▼
Equity10/15€23k€577▼
Contributions10/11€3k€3k=
Reserves13€20k€0▼
Distributable reserves133€20k€0▼
Profit (loss) carried forward14-€-2k
Amounts payable17/49€30k€35k▲
Amounts payable after more than one year17-€14k
Financial debts170/4-€14k
Amounts payable within one year42/48€30k€22k▼
Current portion of amounts payable after more than one year42-€5k
Trade debts44€27k€17k▼
Suppliers440/4€27k€17k▼
Taxes, remuneration and social security45€3k€713▼
Taxes450/3€3k€713▼
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€5k▲
Other operating charges640/8€766€130▼
Gross operating margin9900€6k€-15k▼
Operating profit (loss)9901€2k€-20k▼
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€662€-22k▼
Income taxes67/77€572€141▼
Profit (loss) for the period9904€89€-22k▼
Profit (loss) for the period to be appropriated9905€89€-22k▼
Appropriation of the result
Profit (loss) to be appropriated9906€89€-22k▼
Transfer from equity791/2-€20k
Transfer to equity691/2€89€0▼
To other reserves6921€89€0▼
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
31-12
Financial
Weakest financial yearnet €-22k ▼24678%
Net result drops to €-22k, the lowest in the series.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 97 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.23
Current ratio from 0.55 to 1.23; short-term debt falls from €28k to €22k.
01-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 32 days late
2021
09-07
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.
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, Vorselaar · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Hildering 622290 VorselaarGround area
888 m²
Building footprint
188 m²
Volume, LiDAR
781 m³
Parcel 13044G0015/00D000, Flanders · tallest building 6.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
NVL Wood Construct
since 20202.307.836.767
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13044G0015/00D000 | Flanders | 888 m² | 1 · 188 m² | 6.3 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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BE 0769.735.976
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LIMBURGSE VOEGWERKEN
BE 0871.861.734
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JKCB
BE 0755.342.958
Ohey · Eq €2k
CREAWINDOW
BE 0774.787.696
Thuin · Eq €3k
Of 663 companies in sector 16110 we hold annual accounts for 320. 9 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-09-2020
Fiscal year end31-12
Activities, NACEBEL
16110Sawmilling and planing of wood
16230Manufacture of other builders' carpentry and joinery
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.