PRIMEWOOD
ActivePRIMEWOOD has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €165k and a net result of €46k. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 27% of 7760 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▼-1
Solvency50▼-3
Growth73=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity tight (current ratio 1.26 against 1.29 in 2024; short-term debt: 74.7% and cash: 4.8% of total assets), and 74.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
25.2%
Return on assets
7%
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 21-08-2026, 21 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 · 10 filingsDeviation from the deadline
2025
21 d late
2024
6 d late
2023
22 d late
2022
77 d early
2021
26 d early
2020
4 d early
2019
6 d late
← 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€925k▲ 19.8%
2018 · €772k
2018: €772k
2018 → 2020
EBIT margin
15.4%▲ 9.4pp
2018 · 6.0%
2018: 6.0%
2018 → 2020
Net result
€46k▼ 1.1%
2024 · €46k
2018: €42k
2019: €63k
2020: €92k
2021: €117k
2022: €-237k
2023: €52k
2024: €46k
2018 → 2025
Working capital
€129k▲ 4.3%
2024 · €124k
2018: €-161k
2019: €-109k
2020: €-33k
2021: €34k
2022: €100k
2023: €107k
2024: €124k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€359k-€122k▼ 66.0%€174k▲ 42.3%€170k▼ 2.3%€165k▼ 2.6%
Operating result€143k-€124k▼ 13.6%€85k▼ 30.9%€62k▼ 27.7%€55k▼ 10.5%
Net result€117k-€-237k€52k€46k▼ 10.8%€46k▼ 1.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 10% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €655k
Fixed assets
€36k▼ 31.0%
Current assets
€619k▲ 11.6%
Equity and liabilities €655k
Equity
€165k▼ 2.6%
Debt
€490k▲ 12.0%
The debt ratio rises from 72.0% to 74.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€72k▼
2024 · €87k
Cash flow
€62k▼
2024 · €71k
Solvency
25.2%▼
2024 · 28.0%
Current ratio
1.26▼
2024 · 1.29
Quick ratio
1.14▼
2024 · 1.15
Debt / equity
2.96▲
2024 · 2.58
ROE
27.6%▲
2024 · 27.2%
ROA
7.0%▼
2024 · 7.6%
Interest coverage
7.76▼
2024 · 8.44
Debt
€490k▲
2024 · €437k
Debt ≤ 1 year
€489k▲
2024 · €430k
Income taxes
€17k▼
2024 · €23k
Staff costs
€104k▼
2024 · €201k
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€607k€655k▲
Fixed assets21/28€53k€36k▼
Tangible fixed assets22/27€53k€36k▼
Plant, machinery and equipment23€4k€1k▼
Furniture and vehicles24€14k€3k▼
Leasing and similar rights25€27k€26k▼
Other tangible fixed assets26€8k€6k▼
Current assets29/58€554k€619k▲
Stocks and contracts in progress3€60k€60k=
Stocks30/36€60k€60k=
Amounts receivable within one year40/41€460k€499k▲
Trade receivables40€247k€234k▼
Other amounts receivable41€213k€265k▲
Cash at bank and in hand54/58€35k€31k▼
Deferred charges and accrued income490/1-€28k
Equity and liabilities
Total equity and liabilities10/49€607k€655k▲
Equity10/15€170k€165k▼
Contributions10/11€19k€19k=
Reserves13€170k€147k▼
Distributable reserves133€170k€147k▼
Profit (loss) carried forward14€-19k-
Amounts payable17/49€437k€490k▲
Amounts payable after more than one year17€7k-
Financial debts170/4€7k-
Amounts payable within one year42/48€430k€489k▲
Current portion of amounts payable after more than one year42€9k€7k▼
Financial debts43€130k€133k▲
Credit institutions430/8€130k€133k▲
Trade debts44€235k€289k▲
Suppliers440/4€235k€289k▲
Taxes, remuneration and social security45€7k€11k▲
Taxes450/3€7k€4k▼
Remuneration and social security454/9€182€7k▲
Other amounts payable47/48€50k€50k=
Accrued charges and deferred income492/3-€188
Income statement
Code20242025
Non-recurring operating income76A€13k-
Remuneration, social security and pensions62€201k€104k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€16k▼
Other operating charges640/8€8k€6k▼
Gross operating margin9900€296k€182k▼
Operating profit (loss)9901€62k€55k▼
Financial income75/76B€15k€16k▲
Recurring financial income75€15k€16k▲
Financial charges65/66B€10k€9k▼
Recurring financial charges65€10k€9k▼
Profit (loss) for the period before taxes9903€67k€62k▼
Transfer from deferred taxes780€2k-
Income taxes67/77€23k€17k▼
Profit (loss) for the period9904€46k€46k▼
Transfer from tax-exempt reserves789€20k-
Profit (loss) for the period to be appropriated9905€66k€46k▼
Appropriation of the result
Profit (loss) to be appropriated9906€31k€27k▼
Profit (loss) brought forward from the previous period14P€-34k€-19k▲
Transfer from equity791/2-€23k
Profit to be distributed694/7€50k€50k=
Return on contributions (dividend)694€50k€50k=
Social balance
Average headcount (FTE)90873.11.8▼
The notes to these accounts (6 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
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 21 days late
2025
06-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 6 days late
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 22 days late
2023
31-12
Financial
Back to profitnet €52k
Net result €52k after one loss-making year.
31-12
Financial
Equity above €150kEq €174k ▲42.3%
Equity rises from €122k to €174k.
15-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-237k ▼302%
Net result drops to €-237k, the lowest in the series; recovery starts the following year.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €117k ▲27.3%
Operating result €143k, net result €117k, both a record.
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €200kEq €250k ▲58.3%
3 profitable years in a row build equity to €250k.
06-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 6 days late
2019
31-12
Financial
Equity above €150kEq €158k ▲67%
2 profitable years in a row build equity to €158k.
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 22 days late
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are 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, Malle · 1 establishment unit since 2007
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.
Ambachtsstraat 232390 MalleGround area
2,498 m²
Building footprint
937 m²
Volume, LiDAR
6,030 m³
Parcel 11049B0056/00A002, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Primewood
since 20072.166.720.276
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11049B0056/00A002 | Flanders | 2,498 m² | 1 · 937 m² | 8.1 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 · 2 entries · 2,750 EUR awarded · 2,750 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 2 | 2,750 EUR | 2,750 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Stagebonus (stopgezet)
Recognitions · licences · registrations
Recognised contractor
2 categoriesPRIMEWOOD BV41367
Dual-learning approval
1 live approvalSchrijnwerker houtbouw duaal (so)
Similar companies · same sector, comparable size
SCHRIJN-EN TIMMERWERKEN JOS MARTENS
BE 0471.629.638
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Desano
BE 0658.873.983
Stabroek · Eq €165k
Trappenmakerij Wim Van Loon
BE 0598.754.373
Essen · Eq €165k
NIL
BE 0663.700.625
Aalst · Eq €165k
DECLERCK JELLE
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Kortemark · Eq €165k
Of 20,026 companies in sector 43320 we hold annual accounts for 9,136. 7,567 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-11-2007
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
45441
41002Construction of residential and non-residential buildings
68121Development of residential building projects
43120Site preparation
43332Laying of wooden floor and wall coverings
43333Wallpapering and laying of floor and wall coverings in other materials
43341Painting of buildings
43990Other specialised construction activities
43999Specialised construction activities
45112
45250
45422
45432
45433
Sources
Crossroads Bank for EnterprisesNational Bank · 18 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.