SQUALE WOOD

Active

Private limited companyfounded 20205 yrs activeLeuvensestraat 131, 3300 Tienen, BelgiumKBO/BCE: BE 0757.633.841

The computed 12-month bankruptcy probability of SQUALE WOOD is 2.7% (moderate). The 2024 annual accounts show equity of €13k and a net result of €1k. Equity is growing by ~14.7% per year across the filed fiscal years. Its solvency ranks better than 24% of 36375 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

61 / 100

Healthy

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability72▼-7

Solvency47▲+3

Growth52▼-26

Track record94

Bankruptcy probability, 12 months

2.7% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days acceptable

Liquidity short (current ratio 0.99 against 0.82 in 2023; short-term debt: 48.1% and cash: 47.1% of total assets), and 77.9% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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 →

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 2024

Solvency, return and age of the figures

Solvency

22.1%

Return on assets

2.4%

Age of the figures

21 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 36375 sector peers (2024).

NBB · sector comparison

Position among 36375 sector peers

Solvency

better than 24%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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 · 4 filings

Deviation from the deadline

2025

not confirmed

2024

60 d late

2023

1 d late

2022

21 d late

2021

30 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€13k▲ 12.0%

2023 · €11k

2021: €9k 2022: €7k 2023: €11k

2021 → 2024

Total assets

€58k▼ 2.7%

2023 · €60k

2021: €28k 2022: €30k 2023: €60k

2021 → 2024

Net result

€1k▼ 70.8%

2023 · €5k

2021: €4k 2022: €-2k 2023: €5k

2021 → 2024

Working capital

€-267▲ 93.0%

2023 · €-4k

2021: €2k 2022: €-145 2023: €-4k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€9k-€7k▼ 20.1%€11k▲ 69.2%€13k▲ 12.0%

Operating result€5k-€-1k€7k€4k▼ 46.2%

Net result€4k-€-2k€5k€1k▼ 70.8%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 46% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €58k

52.3%

47.7%

Fixed assets €30k▼ 27.8%

Current assets €28k▲ 57.2%

Equity and liabilities €58k

22.1%

77.9%

Equity €13k▲ 12.0%

Debt €45k▼ 6.2%

The debt ratio falls from 80.8% to 77.9%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€18k▲

2023 · €15k

Cash flow

€15k▲

2023 · €13k

Solvency

22.1%▲

2023 · 19.2%

Current ratio

0.99▲

2023 · 0.82

Quick ratio

0.99▲

2023 · 0.82

Debt / equity

3.52▼

2023 · 4.20

ROE

10.7%▼

2023 · 40.9%

ROA

2.4%▼

2023 · 7.9%

Interest coverage

11.92▼

2023 · 15.37

Debt

€45k▼

2023 · €48k

Debt ≤ 1 year

€28k▲

2023 · €21k

Debt > 1 year

€17k▼

2023 · €27k

Income taxes

€1k▼

2023 · €1k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€60k€58k▼

Fixed assets21/28€42k€30k▼

Tangible fixed assets22/27€42k€30k▼

Plant, machinery and equipment23€2k€754▼

Furniture and vehicles24€40k€30k▼

Current assets29/58€18k€28k▲

Amounts receivable within one year40/41€220€272▲

Trade receivables40€0-

Other amounts receivable41€220€272▲

Cash at bank and in hand54/58€17k€27k▲

Deferred charges and accrued income490/1€474€35▼

Equity and liabilities

Total equity and liabilities10/49€60k€58k▼

Equity10/15€11k€13k▲

Contributions10/11€5k€5k=

Reserves13€4k€4k=

Distributable reserves133€4k€4k=

Profit (loss) carried forward14€3k€4k▲

Amounts payable17/49€48k€45k▼

Amounts payable after more than one year17€27k€17k▼

Financial debts170/4€27k€17k▼

Amounts payable within one year42/48€21k€28k▲

Current portion of amounts payable after more than one year42€9k€9k▲

Trade debts44€908€4k▲

Suppliers440/4€908€4k▲

Taxes, remuneration and social security45€2k€3k▲

Taxes450/3€2k€3k▲

Other amounts payable47/48€10k€12k▲

Accrued charges and deferred income492/3€135-

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€14k▲

Other operating charges640/8€673€71▼

Non-recurring operating charges66A-€2k

Gross operating margin9900€16k€19k▲

Operating profit (loss)9901€7k€4k▼

Financial income75/76B€3€74▲

Recurring financial income75€3€74▲

Financial charges65/66B€979€1k▲

Recurring financial charges65€979€1k▲

Profit (loss) for the period before taxes9903€6k€2k▼

Income taxes67/77€1k€1k▼

Profit (loss) for the period9904€5k€1k▼

Profit (loss) for the period to be appropriated9905€5k€1k▼

Appropriation of the result

Profit (loss) to be appropriated9906€3k€4k▲

Profit (loss) brought forward from the previous period14P€-2k€3k▲

Transfer to equity691/2€486-

To other reserves6921€486-

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Financial 2Filings 4

2025

29-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 60 days late

2024

01-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 1 day late

2023

31-12

Financial Back to profitnet €5k

Net result €5k after one loss-making year.

21-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 21 days late

2022

31-12

Financial Weakest financial yearnet €-2k ▼149%

Net result drops to €-2k, the lowest in the series; recovery starts the following year.

01-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

4 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, Tienen · 1 establishment unit since 2020

establishment approximate The establishment unit on the map

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.

Leuvensestraat 1313300 Tienen

Ground area

2,155 m²

Building footprint

464 m²

Volume, LiDAR

2,931 m³

2 parcels, Flanders, Wallonia · tallest building 15.7 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

SQUALE WOOD

Rue Jules Stiernet(OM) 82, 4252 GeerManufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials

since 20202.310.679.461

2 parcels

Flanders 1 (50%) Wallonia 1 (50%)