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ST-Woods

Active
Private limited companyfounded 20241 yr activeBrugse Steenweg 211, 9990 Maldegem, BelgiumKBO/BCE: BE 1018.014.109
Summary

ST-Woods has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €30,603 and a net result of €27,603. Its solvency ranks better than 27% of 28254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability98
Solvency51▼-48
Growth75
Track record82
Bankruptcy probability, 12 months
1.5% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity short (current ratio 0.86; short-term debt: 35.2% and cash: 29.8% of total assets), and 74.5% 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 · 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
25.5%
Return on assets
23%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-07-2026, 16 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
16 d early
2024
14 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 15 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (2)
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 months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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

History

ST-Woods was incorporated on 27 December 2024 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€30,603▲ 920%
2024 · €3,000
Total assets
€119,804▲ 2,858%
2024 · €4,050
Net result
€27,603
Working capital
-€5,993
2024 · €1,950
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20242025
Operating result€36,823
Net result€27,603within the sector's middle half
Equity€3,000below the sector's middle half-€30,603within the sector's middle half▲ 920%
Total assets€4,050below the sector's middle half-€119,804within the sector's middle half▲ 2,858%
Debt€1,050-€89,201▲ 8,395%
Working capital€1,950below the sector's middle half--€5,993below the sector's middle half
Solvency25.5%within the sector's middle half
Current ratio0.86below the sector's middle half
Return on assets (ROA)23.0%above the sector's middle half
above within below the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
€0€10,000€20,000€30,000€40,000Operating result 2025: €36,823€36,823Net result 2025: €27,603€27,60320242025€0€10,000€20,000€30,000€40,000Operating result 2025: €36,823€36,800Net result 2025: €27,603€27,60020242025
2025 is the only fiscal year with figures: the operating result is €36,823.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €119,804
Fixed assets €83,580
Current assets €36,224
Equity and liabilities €119,804
Equity €30,603 ▲ 920%
Debt €89,201 ▲ 8,395%
Debt's share of the balance-sheet total rises from 25.9% to 74.5%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€52,493
Cash flow
€43,274
Debt to equity
2.91
ROE
90.2%
Interest coverage
30.09
Debt ≤ 1 year
€42,217▲
2024 · €1,050
Debt > 1 year
€46,984
Income taxes
€7,475
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,390 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 97% are still going.

  • Micro
  • under 2 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.2% went bankrupt
2.0% stopped otherwise
97% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.5% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.9%
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 2,390 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet Code20242025
Assets
Total assets20/58€4,050€119,804▲
Formation expenses20€1,050€0▼
Fixed assets21/28-€83,580
Tangible fixed assets22/27-€83,580
Plant, machinery and equipment23-€8,073
Furniture and vehicles24-€75,507
Current assets29/58€3,000€36,224▲
Amounts receivable within one year40/41-€489
Other amounts receivable41-€489
Cash at bank and in hand54/58€3,000€35,735▲
Equity and liabilities
Total equity and liabilities10/49€4,050€119,804▲
Equity10/15€3,000€30,603▲
Contributions10/11€3,000€3,000=
Reserves13-€27,603
Distributable reserves133-€27,603
Amounts payable17/49€1,050€89,201▲
Amounts payable after more than one year17-€46,984
Financial debts170/4-€46,984
Amounts payable within one year42/48€1,050€42,217▲
Current portion of amounts payable after more than one year42-€14,498
Trade debts44€1,050€692▼
Suppliers440/4€1,050€692▼
Taxes, remuneration and social security45-€8,075
Taxes450/3-€8,075
Other amounts payable47/48-€18,952
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€15,671
Other operating charges640/8-€186
Gross operating margin9900-€52,679
Operating profit (loss)9901-€36,823
Financial charges65/66B-€1,745
Recurring financial charges65-€1,745
Profit (loss) for the period before taxes9903-€35,078
Income taxes67/77-€7,475
Profit (loss) for the period9904-€27,603
Profit (loss) for the period to be appropriated9905-€27,603
Appropriation of the result
Profit (loss) to be appropriated9906-€27,603
Transfer to equity691/2-€27,603
To other reserves6921-€27,603

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

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€15,671-
Other operating charges640/8-€186-
Gross operating margin9900-€52,679-
Operating profit (loss)9901-€36,823-
Financial charges65/66B-€1,745-
Recurring financial charges65-€1,745-
Profit (loss) for the period before taxes9903-€35,078-
Income taxes67/77-€7,475-
Profit (loss) for the period9904-€27,603-
Profit (loss) for the period to be appropriated9905-€27,603-
Line20242025Change
Assets
Total assets20/58€4,050€119,804▲ 2,858%
Formation expenses20€1,050€0▼ 100%
Fixed assets21/28-€83,580-
Tangible fixed assets22/27-€83,580-
Plant, machinery and equipment23-€8,073-
Furniture and vehicles24-€75,507-
Current assets29/58€3,000€36,224▲ 1,107%
Amounts receivable within one year40/41-€489-
Other amounts receivable41-€489-
Cash at bank and in hand54/58€3,000€35,735▲ 1,091%
Equity and liabilities
Total equity and liabilities10/49€4,050€119,804▲ 2,858%
Equity10/15€3,000€30,603▲ 920%
Contributions10/11€3,000€3,000=
Reserves13-€27,603-
Distributable reserves133-€27,603-
Amounts payable17/49€1,050€89,201▲ 8,395%
Amounts payable after more than one year17-€46,984-
Financial debts170/4-€46,984-
Amounts payable within one year42/48€1,050€42,217▲ 3,921%
Current portion of amounts payable after more than one year42-€14,498-
Trade debts44€1,050€692▼ 34.1%
Suppliers440/4€1,050€692▼ 34.1%
Taxes, remuneration and social security45-€8,075-
Taxes450/3-€8,075-
Other amounts payable47/48-€18,952-
Line20242025Change
Profit (loss) for the period9904-€27,603-
+ Depreciation and write-downs630-€15,671-
Operating cash flow (approximation)-€43,274-
Change in cash-€32,735-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
15-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
17-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
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, Maldegem · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
1,110 m²
Building footprint
562 m²
Volume, LiDAR
34 m³
Parcel 43503H2037/00S000, Flanders · tallest building 3.6 m. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Brugse Steenweg 211, 9990 Maldegem
Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
since 20242.368.444.743
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
43503H2037/00S000 Flanders 1,110 m² 1 · 562 m² 3.6 m
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.

Similar companies · same sector, comparable size

Of 20,026 companies in sector 43320 we hold annual accounts for 9,139. 6,828 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
Founded27-12-2024
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
16230Manufacture of other builders' carpentry and joinery
31002Manufacture of furniture
31004Manufacture of dining room, living room, bedroom and bathroom furniture
43410Roofing work
46130Agents in the wholesale of timber and building materials
E-invoicing
Reachable via Peppol
Peppol ID 0208:1018014109
Also 9925:BE1018014109
Registered 31-01-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.