THE WOODMAN
ActiveSummary
THE WOODMAN has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-566k) and a net result of €-37k. Equity is shrinking by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 8% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
26
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability10▼-6
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.05 against 0.04 in 2023; short-term debt: 120.3% and cash: 2.8% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 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 2024Solvency, return and age of the figures
Solvency
-140.8%
Return on assets
-9.2%
Age of the figures
21 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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-566k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-07-2025, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
2 d early
2023
23 d late
2022
29 d late
2021
3 d early
2020
25 d late
2019
30 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-566k▼ 7.0%
2023 · €-529k
2018: €-343k
2019: €-385k
2020: €-426k
2021: €-461k
2022: €-488k
2023: €-529k
2018 → 2024
Total assets
€402k▼ 4.2%
2023 · €420k
2018: €346k
2019: €311k
2020: €274k
2021: €238k
2022: €211k
2023: €420k
2018 → 2024
Net result
€-37k▲ 8.5%
2023 · €-41k
2018: €-46k
2019: €-42k
2020: €-41k
2021: €-35k
2022: €-27k
2023: €-41k
2018 → 2024
Working capital
€-459k▼ 14.6%
2023 · €-401k
2018: €-222k
2019: €-259k
2020: €-291k
2021: €-324k
2022: €-349k
2023: €-401k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-426k-€-461k▼ 8.2%€-488k▼ 5.9%€-529k▼ 8.3%€-566k▼ 7.0%
Operating result€-33k-€-28k▲ 16.2%€-22k▲ 21.4%€-34k▼ 56.7%€-24k▲ 28.5%
Net result€-41k-€-35k▲ 16.0%€-27k▲ 22.0%€-41k▼ 49.8%€-37k▲ 8.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €24k in 2024 against €34k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €402k
Fixed assets
€377k ▼ 6.2%
Current assets
€25k ▲ 43.5%
Key figures and ratios
EBITDA
€5k▼
2023 · €8k
Cash flow
€-8k▼
2023 · €940
Solvency
-140.8%▼
2023 · -126.0%
Current ratio
0.05▲
2023 · 0.04
Quick ratio
0.04▲
2023 · 0.03
Debt to equity
-1.71▲
2023 · -1.79
ROA
-9.2%▲
2023 · -9.7%
Interest coverage
0.36▼
2023 · 1.14
Debt
€968k▲
2023 · €948k
Debt ≤ 1 year
€484k▲
2023 · €418k
Debt > 1 year
€484k▼
2023 · €531k
Income taxes
€0▼
2023 · €1
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 41 lines
Balance sheet
Code20232024
Assets
Total assets20/58€420k€402k▼
Fixed assets21/28€402k€377k▼
Tangible fixed assets22/27€402k€377k▼
Land and buildings22€0-
Plant, machinery and equipment23€14k€15k▲
Leasing and similar rights25€388k€362k▼
Financial fixed assets28€400€400=
Current assets29/58€17k€25k▲
Stocks and contracts in progress3€6k€6k▲
Stocks30/36€6k€6k▲
Amounts receivable within one year40/41€5k€5k▼
Trade receivables40€855€1k▲
Other amounts receivable41€4k€3k▼
Cash at bank and in hand54/58€6k€11k▲
Deferred charges and accrued income490/1€0€2k▲
Equity and liabilities
Total equity and liabilities10/49€420k€402k▼
Equity10/15€-529k€-566k▼
Contributions10/11€20k€20k=
Profit (loss) carried forward14€-549k€-586k▼
Amounts payable17/49€948k€968k▲
Amounts payable after more than one year17€531k€484k▼
Financial debts170/4€531k€484k▼
Amounts payable within one year42/48€418k€484k▲
Current portion of amounts payable after more than one year42€47k€46k▼
Trade debts44€293k€358k▲
Suppliers440/4€293k€358k▲
Other amounts payable47/48€78k€79k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€42k€29k▼
Other operating charges640/8€3k€2k▼
Gross operating margin9900€11k€6k▼
Operating profit (loss)9901€-34k€-24k▲
Financial income75/76B€10€23▲
Recurring financial income75€10€23▲
Financial charges65/66B€7k€13k▲
Recurring financial charges65€7k€13k▲
Profit (loss) for the period before taxes9903€-41k€-37k▲
Income taxes67/77€1€0▼
Profit (loss) for the period9904€-41k€-37k▲
Profit (loss) for the period to be appropriated9905€-41k€-37k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-549k€-586k▼
Profit (loss) brought forward from the previous period14P€-508k€-549k▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
30-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 30 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
19-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 50 days late
2017
11-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 42 days late
2016
26-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
NBB filing
Directors · office · real estate
Directors
6 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, Wetteren · 1 establishment unit since 1992
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.
Serskampsteenweg 2719230 WetterenGround area
2,848 m²
Building footprint
258 m²
Volume, LiDAR
1,614 m³
Parcel 42302D0947/00E000, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Serskampsteenweg 271, 9230 Wetteren
since 19922.059.350.085
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42302D0947/00E000 | Flanders | 2,848 m² | 1 · 258 m² | 9.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 and region
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 3,234 companies in sector 47781 we hold annual accounts for 744. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-07-1990
Fiscal year end31-12
Activities, NACEBEL 2025
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
02200Logging
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.