Losses
-€73,415 in four years
Every financial year from 2022 to 2025 closed with a loss. 2025 was the heaviest.
TECH-WOOD
Lifetime
15 annual accounts with figures on one time axispeak €603,320 (2021)
€433,490▲ 8.7%
lowest -€119,258 (2011)
-€38,079▼ €3,284
peak €932,519 (2021)
€859,104▼ 4.2%
€751,560▼ 11.7%
peak 3 FTE (2012)
-not published
Board4 names since 2010
3 directorsVALOBS and 2 others
Documentsfilings and deeds
29-07-20262 days before the deadline
2025micro format
Loss of €38,079Cash from €14,124 to €19,007
Key points
from the 2025 annual accountsTurnover
≈ €870,000 estimated
The accounts state no turnover.
Investments
€36,955 0.1 × depreciation
Green is investment, beige is depreciation.
Staff
4 employees on 31-12-2025
In 2025, 1 person joined and nobody left.
Filings
15 annual accounts since 2011
Two of the last ten came late. The 2024 accounts came latest: 25 days after the end of the period.
Position in the sector
-€38,079
Lower net result than 95% of companies in wood and cork. Sector median €8,962 · 664 companies.
Checked score
89
Excellent
Financially stronger than 38% of micro companies in wood and cork (NACE 16)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 1,032 companies (NACE 16, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.3%▲ +0.1 percentage points vs 06-2025
08-2025: 0.5%▲ +0.2 percentage points vs 07-2025highest value
09-2025: 0.2%▼ -0.3 percentage points vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026lowest value
09-2026: 0.2%● unchanged vs 08-2026lowest value
10-2026: 0.2%● unchanged vs 09-2026lowest value
11-2026: 0.2%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Sector: Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)
lowers risk
Size: total assets €1.6m
Founded in 2010
Figures for financial year 2025 (filed on 04-08-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 16, micro). It does better than 60% of them on solvency, 25% on liquidity, 38% on profitability and 29% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,908 companies had the same profile as TECH-WOOD has now. Each dot stands for 18 companies, two years later.
90.9%
were still trading
7.8%
stopped another way
1.1%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TECH-WOOD itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,908 companies, not a prediction for TECH-WOOD. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €75,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.86 (0.75 in 2024), below 1. Short-term debt is 36.4% and cash 1.2% of total assets. 46.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€38,079
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 days early
2024
25 days late
2023
5 days late
2022
on the day
2021
18 days early
2020
22 days early
2019
21 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 5 days before the deadline. In the sector (NACE 16), the median for financial year 2024 was 3 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Resignations & appointments
Resignation: BVT NV (director) · Permanent representatives: Guido Valcke and Kristof Valcke · Appointment: Guido Valcke (director) · General meeting of 19-07-2024 · Gazette deed
Appointment: Tyvaert Christine (director)
Permanent representative: Valcke Guido · General meeting of 30-03-2022 · Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointments
Changes of role: Valcke Guido (director) and Valobs (director) · Permanent representatives: Valcke Guido and Valcke Kristof · Legal-form conversion: from private limited company (pre-2019) to private limited company · General meeting of 02-12-2020 · Gazette deed
Incorporation
published on 01-04-2010 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TECH-WOOD Wichelen | €1.6m | €433,490 | 53.1% | - |
| DE BAERE MATHIEU Aalter | €1.4m | €583,800 | 23.7% | 4 |
| HOUTBOUW DE RUDDER Merchtem | €1.1m | €546,062 | 11.9% | 6 |
| BROERS-BOIS Burdinne | €1.5m | €490,653 | 33.3% | 10 |
| BAVUSO MEUNERIE Fleurus | €2.1m | €789,880 | 32.2% | 1 |
| EDE Consulting Geraardsbergen | €1.1m | €269,481 | 89.0% | - |
| HOUTHANDEL DE REGGE Gavere | €2.9m | €523,663 | 60.4% | 3 |
These companies have the same main activity as TECH-WOOD: sawmilling and planing of wood (NACE 16110). They are comparable in size and age: total assets between €1.1m and €2.9m, founded between 2002 and 2015.
Official details
Source: KBO- Status
- Active since 22-03-2010Normal situation
- Activity
- Sawmilling and planing of woodNACE 16110
- Joint committee
- 125.02Wood industry · annual accounts 2025
- Establishment unit
- 2.188.363.5509260 Wichelen, since 22-03-2010
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €1.6m▼ 7.9%
- Employeeson 31-12-2025
- 4▲ 33.3%
- Filing
- Filed on 29-07-2026, 2 days before the end of the filing period
Insights on TECH-WOOD
TECH-WOOD files the micro format. That format states no turnover. The gross margin rose from -€179 in 2011 to €433,490 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TECH-WOOD
- What is the company number of TECH-WOOD?
- The company number of TECH-WOOD is 0824.155.748. The VAT number is the same number with BE in front: BE 0824.155.748.
- Where is TECH-WOOD based?
- The registered office is at Meerbos 4, 9260 Wichelen.Company details
- What does TECH-WOOD do?
- According to the KBO register, the main activity is sawmilling and planing of wood (NACE 16110).
- What is the legal form of TECH-WOOD?
- TECH-WOOD is a private limited company (BV).
- When was TECH-WOOD founded?
- TECH-WOOD was founded on 22-03-2010.
- Is TECH-WOOD still active?
- Yes, TECH-WOOD is an active enterprise in the KBO register.
- How many employees does TECH-WOOD have?
- TECH-WOOD had an average of 3.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does TECH-WOOD fall under?
- In its 2025 annual accounts, TECH-WOOD states joint committee 125.02 (Wood industry).
- What is the turnover of TECH-WOOD?
- The turnover in financial year 2025 is ≈ €870,000. This figure is estimated from the gross margin of €433,490 and 879 comparable companies of the same size. It probably lies between €610,000 and €1.3m. It is a rough estimate.
- Is TECH-WOOD profitable?
- In financial year 2025, TECH-WOOD made a loss of €38,079.
- Where can I find the annual accounts of TECH-WOOD?
- TECH-WOOD filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TECH-WOOD due?
- TECH-WOOD must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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