TIMMERWERKEN DE WAELE HENK
ActiveSummary
TIMMERWERKEN DE WAELE HENK has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €960k and a net result of €161k. Equity is growing by ~13.9% per year across the filed fiscal years. Its solvency ranks better than 73% of 7777 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▼-1
Solvency89▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity ample (current ratio 2.16 against 1.6 in 2024; short-term debt: 12% and cash: 6.4% of total assets), and 36.3% of the assets are financed with debt.
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
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
63.7%
Return on assets
10.7%
Age of the figures
9 mo
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 09-05-2026, 83 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
83 d early
2024
92 d early
2023
84 d early
2022
93 d early
2021
89 d early
2020
93 d early
2019
94 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€960k▲ 20.1%
2024 · €799k
2018: €447k
2019: €430k
2020: €416k
2021: €519k
2022: €585k
2023: €711k
2024: €799k
2018 → 2025
Total assets
€1.51M▲ 8.2%
2024 · €1.39M
2018: €567k
2019: €564k
2020: €1.10M
2021: €1.12M
2022: €1.42M
2023: €1.36M
2024: €1.39M
2018 → 2025
Net result
€161k▼ 1.9%
2024 · €164k
2018: €-2k
2019: €53k
2020: €37k
2021: €103k
2022: €66k
2023: €175k
2024: €164k
2018 → 2025
Working capital
€208k▲ 70.2%
2024 · €122k
2018: €208k
2019: €182k
2020: €10k
2021: €70k
2022: €27k
2023: €105k
2024: €122k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€519k-€585k▲ 12.8%€711k▲ 21.4%€799k▲ 12.5%€960k▲ 20.1%
Operating result€150k-€90k▼ 39.9%€260k▲ 188%€240k▼ 7.6%€237k▼ 1.2%
Net result€103k-€66k▼ 35.4%€175k▲ 165%€164k▼ 6.7%€161k▼ 1.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 1% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.51M
Fixed assets
€1.12M ▲ 4.9%
Current assets
€389k ▲ 19.2%
Equity and liabilities €1.51M
Equity
€960k ▲ 20.1%
Debt
€546k ▼ 7.8%
Debt's share of the balance-sheet total falls from 42.6% to 36.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€318k▼
2024 · €319k
Cash flow
€241k▼
2024 · €242k
Current ratio
2.16▲
2024 · 1.60
Quick ratio
1.40▲
2024 · 0.96
Debt to equity
0.57▼
2024 · 0.74
ROE
16.7%▼
2024 · 20.5%
ROA
10.7%▼
2024 · 11.8%
Interest coverage
25.14▼
2024 · 25.69
Debt ≤ 1 year
€180k▼
2024 · €204k
Debt > 1 year
€366k▼
2024 · €388k
Income taxes
€76k▼
2024 · €77k
Staff costs
€78k▼
2024 · €142k
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 · 2025 against 2024 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.39M€1.51M▲
Fixed assets21/28€1.07M€1.12M▲
Tangible fixed assets22/27€1.07M€1.12M▲
Land and buildings22€982k€940k▼
Plant, machinery and equipment23€4k€6k▲
Furniture and vehicles24€11k€108k▲
Leasing and similar rights25€28k€16k▼
Other tangible fixed assets26€41k€48k▲
Current assets29/58€326k€389k▲
Stocks and contracts in progress3€131k€136k▲
Stocks30/36€131k€136k▲
Amounts receivable within one year40/41€100k€149k▲
Trade receivables40€63k€80k▲
Other amounts receivable41€37k€70k▲
Cash at bank and in hand54/58€83k€96k▲
Deferred charges and accrued income490/1€12k€7k▼
Equity and liabilities
Total equity and liabilities10/49€1.39M€1.51M▲
Equity10/15€799k€960k▲
Contributions10/11€19k€19k=
Reserves13€781k€941k▲
Tax-exempt reserves132€1k€1k=
Distributable reserves133€780k€940k▲
Amounts payable17/49€592k€546k▼
Amounts payable after more than one year17€388k€366k▼
Financial debts170/4€388k€366k▼
Amounts payable within one year42/48€204k€180k▼
Current portion of amounts payable after more than one year42€89k€112k▲
Trade debts44€41k€26k▼
Suppliers440/4€41k€26k▼
Advances received on contracts in progress46€16k-
Taxes, remuneration and social security45€39k€43k▲
Taxes450/3€36k€43k▲
Remuneration and social security454/9€3k-
Other amounts payable47/48€18k-
Accrued charges and deferred income492/3€92-
Income statement
Code20242025
Remuneration, social security and pensions62€142k€78k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€78k€81k▲
Other operating charges640/8€21k€20k▼
Gross operating margin9900€481k€415k▼
Operating profit (loss)9901€240k€237k▼
Financial income75/76B€13k€12k▼
Recurring financial income75€13k€12k▼
Financial charges65/66B€12k€13k▲
Recurring financial charges65€12k€13k▲
Profit (loss) for the period before taxes9903€241k€236k▼
Income taxes67/77€77k€76k▼
Profit (loss) for the period9904€164k€161k▼
Profit (loss) for the period to be appropriated9905€164k€161k▼
Appropriation of the result
Profit (loss) to be appropriated9906€164k€161k▼
Transfer from equity791/2€75k-
Transfer to equity691/2€164k€161k▼
To other reserves6921€164k€161k▼
Profit to be distributed694/7€75k-
Return on contributions (dividend)694€75k-
Social balance
Average headcount (FTE)90872.01.6▼
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
08-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €175k ▲165%
Operating result €260k, net result €175k, both a record.
29-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
03-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €500kEq €519k ▲24.6%
3 profitable years in a row build equity to €519k.
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
28-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €53k
Net result €53k after one loss-making year.
10-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Zulte · 2 establishment units since 2001
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.
Drogenboomstraat 239870 ZulteGround area
2,306 m²
Building footprint
1,028 m²
Volume, LiDAR
5,582 m³
2 parcels, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Drogenboomstraat 23, 9870 Zulte
since 20012.116.325.016
Timmerwerken De Waele Henk
since 20072.283.530.745
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34040C0533/00B002 | Flanders | 1,304 m² | 1 · 896 m² | 7.6 m · 2 fl. |
| 44081B0491/00A004 | Flanders | 1,002 m² | 1 · 133 m² | 8.5 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 20,024 companies in sector 43320 we hold annual accounts for 9,135. 4,494 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-04-2001
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.