TIMBERCRAFT
BankruptcySummary
The KBO register records for TIMBERCRAFT the legal situation: open bankruptcy; this is today's state according to the register itself, which carries no start date. The 2024 annual accounts show equity of €9k and a net result of €6k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 36375 sector peers (2024).
NBB · sector comparisonPosition among 36375 sector peers
Solvency
better than 13%
← weakest
strongest →
raises risk · Young company
Founded in 2024, under 3 years in business. Failure risk is statistically highest between 2 and 8 years after founding.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filingDeviation from the deadline
2024
29 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€9k
Total assets
€104k
Net result
€6k
Working capital
€-34k
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €103k
Fixed assets
€42k
Current assets
€61k
Equity and liabilities €104k
Equity
€9k
Debt
€95k
Debt finances 91.8% of the balance-sheet total.
Key figures and ratios
EBITDA
€7k
Cash flow
€6k
Current ratio
0.64
Debt to equity
11.18
ROE
64.8%
ROA
5.3%
Interest coverage
91.79
Debt ≤ 1 year
€95k
Income taxes
€666
Filed annual accounts As filed with the NBB · 2024 · 36 lines
Balance sheet
Code2024
Assets
Total assets20/58€104k
Formation expenses20€867
Fixed assets21/28€42k
Tangible fixed assets22/27€42k
Plant, machinery and equipment23€18k
Other tangible fixed assets26€21k
Assets under construction and advance payments27€2k
Current assets29/58€61k
Amounts receivable within one year40/41€54k
Trade receivables40€47k
Other amounts receivable41€7k
Cash at bank and in hand54/58€6k
Deferred charges and accrued income490/1€436
Equity and liabilities
Total equity and liabilities10/49€104k
Equity10/15€9k
Contributions10/11€3k
Profit (loss) carried forward14€6k
Amounts payable17/49€95k
Amounts payable within one year42/48€95k
Trade debts44€95k
Suppliers440/4€95k
Taxes, remuneration and social security45€666
Taxes450/3€666
Income statement
Code2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€830
Other operating charges640/8€560
Gross operating margin9900€8k
Operating profit (loss)9901€6k
Financial income75/76B€77
Recurring financial income75€77
Financial charges65/66B€77
Recurring financial charges65€77
Profit (loss) for the period before taxes9903€6k
Income taxes67/77€666
Profit (loss) for the period9904€6k
Profit (loss) for the period to be appropriated9905€6k
Appropriation of the result
Profit (loss) to be appropriated9906€6k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €830 |
| Other operating charges640/8 | €560 |
| Gross operating margin9900 | €8k |
| Operating profit (loss)9901 | €6k |
| Financial income75/76B | €77 |
| Recurring financial income75 | €77 |
| Financial charges65/66B | €77 |
| Recurring financial charges65 | €77 |
| Profit (loss) for the period before taxes9903 | €6k |
| Income taxes67/77 | €666 |
| Profit (loss) for the period9904 | €6k |
| Profit (loss) for the period to be appropriated9905 | €6k |
| Line | 2024 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €104k | |
| Formation expenses20 | €867 | |
| Fixed assets21/28 | €42k | |
| Tangible fixed assets22/27 | €42k | |
| Plant, machinery and equipment23 | €18k | |
| Other tangible fixed assets26 | €21k | |
| Assets under construction and advance payments27 | €2k | |
| Current assets29/58 | €61k | |
| Amounts receivable within one year40/41 | €54k | |
| Trade receivables40 | €47k | |
| Other amounts receivable41 | €7k | |
| Cash at bank and in hand54/58 | €6k | |
| Deferred charges and accrued income490/1 | €436 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €104k | |
| Equity10/15 | €9k | |
| Contributions10/11 | €3k | |
| Profit (loss) carried forward14 | €6k | |
| Amounts payable17/49 | €95k | |
| Amounts payable within one year42/48 | €95k | |
| Trade debts44 | €95k | |
| Suppliers440/4 | €95k | |
| Taxes, remuneration and social security45 | €666 | |
| Taxes450/3 | €666 | |
| Line | 2024 |
|---|---|
| Profit (loss) for the period9904 | €6k |
| + Depreciation and write-downs630 | €830 |
| Operating cash flow (approximation) | €6k |
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
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
NBB filing
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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, Perwez · 1 establishment unit since 2024
Ground area
5,862 m²
Building footprint
320 m²
Volume, LiDAR
2,639 m³
Parcel 25084C0577/00A003, Wallonia · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
11
companies at this address
See who is registered here
1 establishment unit
TIMBERCRAFT
since 20242.355.163.760
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25084C0577/00A003 | Wallonia | 5,862 m² | 1 · 320 m² | 9.9 m · 3 fl. |
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
TJ RENOVATION CONCEPT
BE 1017.967.983
Fléron · Eq €8,525
SYSTEM B
BE 0897.320.571
Villers-la-Ville · Eq €8,516
J.N. MENUISERIE & Fils
BE 0870.723.963
Modave · Eq €8,543
BEN PLAFONNAGE
BE 0793.884.028
Vilvoorde · Eq €8,505
YPERMAN
BE 0898.621.955
Koksijde · Eq €8,555
Of 20,018 companies in sector 43320 we hold annual accounts for 9,132. 4,260 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
Founded04-01-2024
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
43110Demolition
43332Laying of wooden floor and wall coverings
43350Other building finishing work
47522Retail trade
52100Warehousing and storage
Scores and ratios are computed by Checked and are not a credit decision.