Russell Woods
The computed 12-month bankruptcy probability of Russell Woods is 4.2% (elevated). The 2024 annual accounts show negative equity (€-57k) and a net result of €-68k. Its solvency ranks better than 5% of 332 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-57k |
| Net result | €-68k |
| Staff (FTE) | 0.5 |
| Better than sector | 5% |
Mixed profile: strong on profitability, weaker on health.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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See plans →| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -35.1% | 24.1% | |
| Net result | €-68k | €16k | |
| Equity | €-57k | €73k | |
| Gross operating margin | €-15k | €81k | |
| Staff costs | €40k | €141k |
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €-57k |
| Net profit | €-68k |
| Cash flow | €-56k |
| Staff costs | €40k |
| Income taxes | €240 |
| Dividends | - |
| Total assets | €163k |
| Equity | €-57k |
| Debt | €220k |
| of which ≤ 1y | €220k |
| of which > 1y | - |
| Working capital | €-128k |
| Employees (FTE) | 0.5 |
| 2024 | |
|---|---|
| Current ratio | 0.42 |
| Quick ratio | 0.42 |
| Working capital ratio | -78.8% |
| Solvency | -35.1% |
| Debt / equity | -3.85 |
| Long-term debt ratio | - |
| Interest coverage | -25.27 |
| Gross margin | - |
| Net margin | - |
| ROA | -41.9% |
| ROE | 119.3% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €163k |
| Fixed assets | 21/28 | €71k |
| Intangible fixed assets | 21 | €66k |
| Tangible fixed assets | 22/27 | €5k |
| Current assets | 29/58 | €92k |
| Amounts receivable within one year | 40/41 | €50k |
| Cash & bank | 54/58 | €39k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €163k |
| Equity | 10/15 | €-57k |
| Contributions / capital | 10/11 | €100 |
| Accumulated profits (losses) | 14 | €-57k |
| Amounts payable | 17/49 | €220k |
| Amounts payable within one year | 42/48 | €220k |
| Trade debts payable within one year | 44 | €74k |
| Income statement | ||
| Gross operating margin | 9900 | €-15k |
| Operating result | 9901 | €-69k |
| Financial income | 75 | €3k |
| Financial charges | 65 | €2k |
| Result before taxes | 9903 | €-68k |
| Income taxes | 67/77 | €240 |
| Net result for the period | 9904 | €-68k |
| Result to be appropriated | 9905 | €-68k |
| NACE primary | Construction of buildings(41001) |
| Legal form | Private limited company(610) |
| Incorporation | 29-12-2022 |
| Status | Active |
| Postal code | 2930 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11322E0429/00S003 | Flanders | 642 m² | 1 · 137 m² | 7.4 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
15-07-2024 Publication in the Belgian Official Gazette, Miscellaneous
Technical details
{
"stage": "proposal",
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Antwerpen",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2024-07-15",
"filing_date": "2024-07-03",
"act_kind_objet": "Voorstel van fusie door overneming overeenkomstig artikel 12:50 WVV"
},
"decision": {
"body": null,
"act_date": null,
"unanimous": null
},
"conversion": null,
"detected_kind": "merger_absorption",
"report_waiver": null,
"restructuring": {
"parties": [
{
"kbo": "0795.543.421",
"name": "Tymber Buildings",
"role": "acquiring",
"address": "2970 Schilde - Kerkstraat 13",
"is_foreign": false,
"legal_form": "BV",
"is_new_company": false,
"jurisdiction_country": "BE"
},
{
"kbo": "0548.711.083",
"name": "RUSSELL WOODS HOUTBOUW BV",
"role": "absorbed",
"address": "2970 Schilde, Kerkstraat 13",
"is_foreign": false,
"legal_form": "BV",
"is_new_company": false,
"jurisdiction_country": "BE"
}
],
"exchange_ratio": null,
"legal_articles": [
"12:50",
"12:7"
],
"is_cross_border": false,
"is_silent_merger": true,
"balance_basis_date": null,
"exchange_ratio_text": null,
"new_shares_issued_n": null,
"real_estate_included": true,
"patrimony_description": "Het gehele vermogen van RUSSELL WOODS HOUTBOUW BV, zowel de rechten als verplichtingen, als gevolg van ontbinding zonder vereffening, overgaat op TYMBER BUILDINGS BV.",
"equity_transferred_eur": null,
"accounting_effective_date": "2023-12-31"
},
"subject_company": {
"kbo": "0795.543.421",
"name_full": "Tymber Buildings",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "org",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null
},
"summary_narrative": "Tymber Buildings BV zal RUSSELL WOODS HOUTBOUW BV overnemen via een fusie door overneming. Het gehele vermogen van de overgenomen vennootschap, inclusief rechten en verplichtingen, zal overgaan op de overnemende vennootschap. De overname is een zusterfusie, waarbij er geen nieuwe aandelen worden uitgegeven.",
"co_filed_documents": [
"Origineel getekend fusievoorstel"
],
"detected_real_type": "fusion_proposal",
"referenced_correction": null,
"should_reroute_to_category": null
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | Russell Woods |