STRUCTUREWOOD
ActiveSummary
STRUCTUREWOOD has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13.0m and a net result of €114,143. Equity is growing by ~19% per year across the filed fiscal years. Its solvency ranks better than 64% of 144 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability59▼-2
Solvency87▼-2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €850,000 at 30 days acceptable
Liquidity ample (current ratio 2.35 against 3.26 in 2024; short-term debt: 24.4% and cash: 1% of total assets), and 38% of the assets are financed with debt.
Credit check for your own amount and term
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
62%
Return on assets
0.5%
Age of the figures
15 mo
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
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
Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)
about 8% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · A punctual record breaks
This company filed 7 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 03-02-2026, 3 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
3 d late
2024
4 d early
2023
41 d early
2022
on the day
2021
67 d early
2020
75 d early
2019
71 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 36 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
In the rankings
#4 company by total assets in Marche-en-Famenne, Manufacturing sector#4 company by equity in Marche-en-Famenne, Manufacturing sector#6 employer in Marche-en-Famenne, Manufacturing sector
Turnover
€24.3m▲ 7.6%
2024 · €22.6m
EBIT margin
-0.2%▼ 0.8pp
2024 · 0.6%
Net result
€114,143▼ 66.8%
2024 · €343,451
Working capital
€6.9m▼ 21.9%
2024 · €8.8m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€32.8m€22.4m▼ 31.9%€22.6m▲ 0.8%€24.3m▲ 7.6%
Operating result€4.1m▲ 422%€3.8m▼ 8.1%€1.3m▼ 64.9%€129,347▼ 90.3%-€53,665
Net result€3.1m▲ 468%€2.9m▼ 6.1%€1.3m▼ 56.2%€343,451▼ 72.9%€114,143▼ 66.8%
EBIT margin11.6%6.0%▼ 5.6pp0.6%▼ 5.4pp-0.2%▼ 0.8pp
Equity€8.7m▲ 59.9%€11.5m▲ 32.3%€12.7m▲ 10.2%€13.0m▲ 2.0%€13.0m▲ 0.3%
Total assets€24.8m▲ 75.8%€20.0m▼ 19.2%€21.2m▲ 5.5%€20.3m▼ 3.9%€21.0m▲ 3.2%
Debt€14.8m▲ 102%€7.3m▼ 50.4%€7.9m▲ 8.2%€6.9m▼ 12.6%€7.6m▲ 9.9%
Working capital€7.7m▲ 78.8%€10.4m▲ 35.0%€9.6m▼ 7.7%€8.8m▼ 8.0%€6.9m▼ 21.9%
Staff (FTE)46.5▲ 18.6%47.5▲ 2.2%53.1▲ 11.8%54.4▲ 2.4%54.5▲ 0.2%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €53,665 after €129,347 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €21.0m
Fixed assets
€9.0m ▲ 18.5%
Current assets
€12.0m ▼ 5.9%
Equity and liabilities €21.0m
Equity
€13.0m ▲ 0.3%
Provisions
€344,943 ▼ 18.2%
Debt
€7.6m ▲ 9.9%
Debt's share of the balance-sheet total rises from 34.1% to 36.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.1m▼
2024 · €1.2m
Cash flow
€1.2m▼
2024 · €1.4m
Current ratio
2.35▼
2024 · 3.26
Quick ratio
1.40▼
2024 · 2.42
Debt to equity
0.59▲
2024 · 0.54
ROE
0.9%▼
2024 · 2.6%
ROA
0.5%▼
2024 · 1.7%
Interest coverage
10.05▼
2024 · 10.71
Debt ≤ 1 year
€5.1m▲
2024 · €3.9m
Debt > 1 year
€2.5m▼
2024 · €3.0m
Income taxes
€113,955▼
2024 · €200,449
Staff costs
€3.6m▲
2024 · €3.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 543 companies that looked in July 2024 the way this one looks now, 0% went bankrupt within 24 months and 93% are still going.
- Medium-sized
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 543 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €33.2m | €22.7m | €23.3m | €25.1m | ▲ 7.8% |
| Turnover70 | - | €32.8m | €22.4m | €22.6m | €24.3m | ▲ 7.6% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | €152,250 | -€116,118 | €233,599 | €554,280 | ▲ 137% |
| Own construction capitalised72 | - | - | €247,000 | €217,465 | €85,115 | ▼ 60.9% |
| Other operating income74 | - | €207,081 | €233,516 | €312,442 | €223,931 | ▼ 28.3% |
| Operating charges60/66A | - | €29.4m | €21.4m | €23.2m | €25.2m | ▲ 8.6% |
| Goods for resale, raw materials and consumables60 | - | €22.0m | €14.3m | €14.5m | €16.8m | ▲ 15.2% |
| Purchases600/8 | - | €20.9m | €14.5m | €14.9m | €17.8m | ▲ 19.0% |
| Change in stocks: decrease (increase)609 | - | €1.2m | -€125,650 | -€377,067 | -€1.0m | ▼ 166% |
| Services and other goods61 | - | €3.5m | €3.3m | €3.7m | €3.7m | ▲ 2.3% |
| Remuneration, social security and pensions62 | - | €2.8m | €3.2m | €3.5m | €3.6m | ▲ 3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.1m | €998,622 | €1.0m | €1.1m | €1.1m | ▲ 2.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €86,453 | -€61,625 | €5 | ▲ 100% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | -€575,000 | - | - | - |
| Other operating charges640/8 | - | €73,583 | €16,577 | €17,747 | €18,408 | ▲ 3.7% |
| Non-recurring operating charges66A | - | €690 | €9,469 | €502,500 | - | - |
| Gross operating margin9900 | €8.2m | - | - | - | - | - |
| Operating profit (loss)9901 | €4.1m | €3.8m | €1.3m | €129,347 | -€53,665 | ▼ 141% |
| Financial income75/76B | - | €383,688 | €487,755 | €494,104 | €374,295 | ▼ 24.2% |
| Recurring financial income75 | €199,882 | €383,688 | €487,755 | €494,104 | €374,295 | ▼ 24.2% |
| Income from current assets751 | - | €65,984 | €387,168 | €395,794 | €229,252 | ▼ 42.1% |
| Other financial income752/9 | - | €317,704 | €100,587 | €98,310 | €145,043 | ▲ 47.5% |
| Financial charges65/66B | - | €339,316 | €125,179 | €165,403 | €169,504 | ▲ 2.5% |
| Recurring financial charges65 | €191,550 | €339,316 | €125,179 | €165,403 | €169,504 | ▲ 2.5% |
| Debt charges650 | - | €317,349 | €104,051 | €112,542 | €104,525 | ▼ 7.1% |
| Other financial charges652/9 | - | €21,967 | €21,128 | €52,861 | €64,979 | ▲ 22.9% |
| Profit (loss) for the period before taxes9903 | €4.2m | €3.9m | €1.7m | €458,048 | €151,126 | ▼ 67.0% |
| Transfer from deferred taxes780 | - | €104,127 | €94,308 | €85,851 | €76,972 | ▼ 10.3% |
| Income taxes67/77 | €1.2m | €1.1m | €525,630 | €200,449 | €113,955 | ▼ 43.2% |
| Taxes670/3 | - | €1.1m | €525,630 | €200,449 | €113,955 | ▼ 43.2% |
| Profit (loss) for the period9904 | €3.1m | €2.9m | €1.3m | €343,451 | €114,143 | ▼ 66.8% |
| Transfer from tax-exempt reserves789 | - | €312,382 | €282,925 | €257,554 | €230,916 | ▼ 10.3% |
| Profit (loss) for the period to be appropriated9905 | €3.4m | €3.2m | €1.6m | €601,005 | €345,059 | ▼ 42.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €24.8m | €20.0m | €21.2m | €20.3m | €21.0m | ▲ 3.2% |
| Fixed assets21/28 | €6.8m | €6.2m | €7.3m | €7.6m | €9.0m | ▲ 18.5% |
| Intangible fixed assets21 | €395,555 | €312,865 | €264,732 | €216,599 | €168,466 | ▼ 22.2% |
| Tangible fixed assets22/27 | €6.3m | €5.9m | €7.0m | €7.3m | €8.7m | ▲ 19.6% |
| Land and buildings22 | - | €577,478 | €497,005 | €1.6m | €2.0m | ▲ 22.2% |
| Plant, machinery and equipment23 | - | €1.3m | €1.3m | €1.2m | €1.1m | ▼ 7.1% |
| Furniture and vehicles24 | - | €34,704 | €45,430 | €39,737 | €36,418 | ▼ 8.4% |
| Leasing and similar rights25 | - | €3.9m | €3.9m | €3.3m | €2.9m | ▼ 11.7% |
| Assets under construction and advance payments27 | - | €21,849 | €1.3m | €1.2m | €2.7m | ▲ 130% |
| Financial fixed assets28 | €32,414 | €32,414 | €32,414 | €32,414 | €42,089 | ▲ 29.8% |
| Other financial fixed assets284/8 | - | €32,414 | €32,414 | €32,414 | €42,089 | ▲ 29.8% |
| Amounts receivable and cash guarantees285/8 | - | €32,414 | €32,414 | €32,414 | €42,089 | ▲ 29.8% |
| Current assets29/58 | €18.0m | €13.9m | €13.8m | €12.8m | €12.0m | ▼ 5.9% |
| Stocks and contracts in progress3 | €3.7m | €2.7m | €2.6m | €3.3m | €4.9m | ▲ 47.2% |
| Stocks30/36 | - | €2.7m | €2.6m | €3.3m | €4.9m | ▲ 47.2% |
| Raw materials and consumables30/31 | - | €2.1m | €2.2m | €2.6m | €3.6m | ▲ 38.6% |
| Work in progress32 | - | €134,140 | €93,101 | €109,373 | €283,492 | ▲ 159% |
| Finished goods33 | - | €450,847 | €314,629 | €593,095 | €973,256 | ▲ 64.1% |
| Amounts receivable within one year40/41 | €12.9m | €8.0m | €11.2m | €9.4m | €6.9m | ▼ 26.7% |
| Trade receivables40 | - | €3.8m | €4.2m | €3.7m | €3.8m | ▲ 1.6% |
| Other amounts receivable41 | - | €4.2m | €6.9m | €5.7m | €3.1m | ▼ 45.2% |
| Cash at bank and in hand54/58 | €1.4m | €3.1m | €450 | €448 | €209,934 | ▲ 46,716% |
| Deferred charges and accrued income490/1 | - | €42,845 | €40,484 | €52,851 | €55,236 | ▲ 4.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €24.8m | €20.0m | €21.2m | €20.3m | €21.0m | ▲ 3.2% |
| Equity10/15 | €8.7m | €11.5m | €12.7m | €13.0m | €13.0m | ▲ 0.3% |
| Contributions10/11 | €691,000 | €691,000 | €691,000 | €691,000 | €691,000 | = |
| Capital10 | - | €691,000 | €691,000 | €691,000 | €691,000 | = |
| Issued capital100 | - | €691,000 | €691,000 | €691,000 | €691,000 | = |
| Reserves13 | €2.2m | €1.9m | €1.6m | €1.3m | €1.1m | ▼ 17.3% |
| Non-distributable reserves130/1 | - | €69,100 | €69,100 | €69,100 | €69,100 | = |
| Legal reserve130 | - | €69,100 | €69,100 | €69,100 | €69,100 | = |
| Tax-exempt reserves132 | - | €1.8m | €1.5m | €1.3m | €1.0m | ▼ 18.2% |
| Profit (loss) carried forward14 | €5.2m | €8.4m | €10.0m | €10.6m | €10.9m | ▲ 3.3% |
| Investment grants15 | - | €559,179 | €469,236 | €385,959 | €308,903 | ▼ 20.0% |
| Provisions and deferred taxes16 | €1.3m | €1.2m | €507,766 | €421,915 | €344,943 | ▼ 18.2% |
| Provisions for liabilities and charges160/5 | - | €575,000 | - | - | - | - |
| Other liabilities and charges164/5 | - | €575,000 | - | - | - | - |
| Deferred taxes168 | - | €602,075 | €507,766 | €421,915 | €344,943 | ▼ 18.2% |
| Amounts payable17/49 | €14.8m | €7.3m | €7.9m | €6.9m | €7.6m | ▲ 9.9% |
| Amounts payable after more than one year17 | €4.5m | €3.9m | €3.7m | €3.0m | €2.5m | ▼ 17.2% |
| Financial debts170/4 | - | €3.9m | €3.7m | €3.0m | €2.5m | ▼ 17.2% |
| Leasing and similar obligations172 | - | €3.3m | €3.1m | €2.5m | €2.1m | ▼ 17.3% |
| Other loans174 | - | €627,737 | €554,861 | €478,699 | €399,914 | ▼ 16.5% |
| Amounts payable within one year42/48 | €10.3m | €3.4m | €4.2m | €3.9m | €5.1m | ▲ 30.4% |
| Current portion of amounts payable after more than one year42 | - | €827,899 | €858,355 | €849,504 | €805,990 | ▼ 5.1% |
| Trade debts44 | €8.1m | €1.9m | €2.6m | €2.3m | €3.4m | ▲ 48.3% |
| Suppliers440/4 | - | €1.9m | €2.6m | €2.3m | €3.4m | ▲ 48.3% |
| Advances received on contracts in progress46 | - | €249,949 | €133,691 | €172,569 | €350,004 | ▲ 103% |
| Taxes, remuneration and social security45 | - | €467,303 | €570,786 | €593,757 | €540,344 | ▼ 9.0% |
| Taxes450/3 | - | €64,426 | €72,558 | €122,775 | €78,146 | ▼ 36.4% |
| Remuneration and social security454/9 | - | €402,877 | €498,228 | €470,982 | €462,199 | ▼ 1.9% |
| Accrued charges and deferred income492/3 | - | €24,864 | €34,295 | €26,534 | €36,412 | ▲ 37.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3.1m | €2.9m | €1.3m | €343,451 | €114,143 | ▼ 66.8% |
| + Depreciation and write-downs630 | €1.1m | €998,622 | €1.0m | €1.1m | €1.1m | ▲ 2.6% |
| Operating cash flow (approximation) | €4.2m | €3.9m | €2.3m | €1.4m | €1.2m | ▼ 14.2% |
| Investment in fixed assets (approximation) | - | -€436,475 | -€2.2m | -€1.3m | -€2.5m | ▼ 91.3% |
| Change in cash | - | €1.7m | -€3.1m | -€2 | €209,486 | ▲ 11,902,705% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-02
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 3 days late
2025
27-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
21-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-06
Financial
Liquidity doublescurrent ratio 4.04
Current ratio from 1.75 to 4.04; short-term debt falls from €10.3m to €3.4m.
30-06
Financial
Equity above €10mEq €11.5m ▲32.3%
3 profitable years in a row build equity to €11.5m.
2021
25-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
30-06
Financial
Highest result since 2019net €3.1m ▲468%
Operating result €4.1m, net result €3.1m, both a record.
2020
17-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
30-06
Financial
Back to profitnet €543,844
Net result €543,844 after one loss-making year.
30-06
Financial
Equity above €5mEq €5.5m ▲9.7%
Equity rises from €5.0m to €5.5m.
2019
21-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2018
26-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
14-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
01-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
14 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, Marche-en-Famenne · 2 establishment units since 2016
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.
Marche,Boucle de la Famenne 86900 Marche-en-FamenneGround area
167 m²
Parcel 83034B0116/00N002, Wallonia. Linked by address, not a title deed.
2 establishment units
Marche, Chaussée de Liège 160D, 6900 Marche-en-Famenne
since 20162.251.159.865
Marche,Boucle de la Famenne 20, 6900 Marche-en-Famenne
since 20162.251.159.964
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 83034B0116/00N002 | Wallonia | 167 m² | - | - |
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.
Structure & network
Owners and holdings
2 ownersOwners 2
-
43.42%
-
19.54%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Recognised contractor
1 categorySTRUCTUREWOOD SA38088
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Identification & contact
Identification
Legal formPublic limited company
Founded17-12-2009
Fiscal year end30-06
Activities, NACEBEL 2025
16230Manufacture of other builders' carpentry and joinery
16110Sawmilling and planing of wood
16210Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
43320Joinery installation
43410Roofing work
46832Wholesale of timber
E-invoicing
Reachable via Peppol
Peppol ID
0208:0821784196
Also
9925:BE0821784196
Registered
09-07-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.