Equity
-€416,845 from €129,809 in 2022
Equity fell below zero in 2023.
THE TIMBER FACTORY
Lifetime
5 annual accounts with figures on one time axispeak €496,907 (2020)
€9,180▼ 97.2%
lowest -€156,117 (2024)
-€156,117▼ €12,466
peak €129,809 (2022)
-€416,845▼ €403,003
€971,300▼ 11.7%
peak 5.7 FTE (2021)
-not published
Board2 names since 2019
1 directorBRUNIC RESOURCES
Owners2 names in the annual accounts
40%BRUNIC RESOURCES and 1 other
Documentsfilings and deeds
01-07-202530 days before the deadline
2024abbreviated format
Gross margin from €326,041 to €9,180Loss of €156,117Resignations & appointments · End & cessation 03-101 manager resigning, 1 director reappointed 30-01Equity from -€13,842 to -€416,845
Key points
from the 2024 annual accounts, the last ones filedDebts
€971,300 175% of the balance sheet
Financial debts 68%Suppliers 24%Taxes and wages 6%Other 3%
€429,827 of the debts are secured on the company's own assets. In 2022 that was €237,978.
Staff
3 FTE from 5.7 in 2021
Between 2021 and 2024, 47% of the full-time equivalents disappeared.
No score
Board and ownership
- PATRIMMONIA 40%score 46equity -€259,351 (2025) · 2024 annual accounts of PATRIMMONIA
Recent changes
Closure of the liquidation
Liquidation closed on 09-10-2025 · Liquidator: De Paepe Olivier · Books and records kept in Deinze-Nevele (5 years) · Gazette deed
Resignations & appointments · End & cessation
Appointment: Mr. De Paepe Olivier (liquidator) · Gazette deed
1 manager resigning, 1 director reappointed
Resignation: BRUNIC RESOURCES (manager) · Reappointment: BRUNIC RESOURCES (director) · Permanent representative: DE BRABANDERE Nicolas · General meeting of 28-12-2023 · Gazette deed
Registered office moved within Merelbeke
New registered office: Nijverheidsweg 18 9820 Merelbeke · Previous registered office: Gaversesteenweg 398 9820 Merelbeke · Permanent representative: Nicolas De Brabandere · Gazette deed
Official details
Source: KBO- Status
- Liquidation closed on 09-10-2025deed of 24-10-2025
- Activity
- “Het verrichten van aannemingen” (deed in Dutch)From the articles, 20 activitiesNo NACE code in the KBO yet
- Joint committees
- 126Furnishing and woodworking
- 200Auxiliary committee for white-collar workers · annual accounts 2023
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Insights on THE TIMBER FACTORY
Inactive. The last annual accounts are for financial year 2024. The liquidation was closed on 09-10-2025. The liquidators were De Paepe Olivier and Mr. De Paepe Olivier. The books and records are kept for 5 years in Deinze-Nevele.
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 THE TIMBER FACTORY
- What is the company number of THE TIMBER FACTORY?
- The company number of THE TIMBER FACTORY is 0721.477.882. The VAT number is the same number with BE in front: BE 0721.477.882.
- What is the legal form of THE TIMBER FACTORY?
- Legal form of THE TIMBER FACTORY: BV.
- Is THE TIMBER FACTORY still active?
- No. THE TIMBER FACTORY is inactive in the KBO register.Company details
- How many employees did THE TIMBER FACTORY have?
- THE TIMBER FACTORY had an average of 3 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does THE TIMBER FACTORY fall under?
- In its 2023 annual accounts, THE TIMBER FACTORY states joint committees 126 (Furnishing and woodworking) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of THE TIMBER FACTORY?
- The turnover in financial year 2024 is ≈ €62,000. This figure is estimated from the gross margin of €9,180 and 2,728 comparable companies of the same size. It probably lies between €26,000 and €160,000. It is a rough estimate.
- Is THE TIMBER FACTORY profitable?
- In financial year 2024, THE TIMBER FACTORY made a loss of €156,117.
- Where can I find the annual accounts of THE TIMBER FACTORY?
- THE TIMBER FACTORY filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2024.