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VK Woodmaterials

Active
Private limited companyfounded 2019active for 6 yearsLangerode 25, 3460 Bekkevoort, BelgiumKBO/BCE: BE 0738.473.371
Summary

The computed 12-month bankruptcy probability of VK Woodmaterials is 4.3% (elevated). The 2024 annual accounts show equity of €10,482 and a net result of €761. Equity is growing by about 13% per year across the filed financial years. Its solvency ranks better than 10% of 35,975 sector peers (NACE 43, financial year 2024). The company has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Joinery installation
NACE 43320General construction of residential buildings NACE 41001
1 site
Size
€301,177total assets 2024
Equity
€10,482
Profit
€761
Turnover not published (micro format)
Financial health
47 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
4.3%
Structure
Accounts 81 days overdue0 of 3 deeds read
Why 47raises riskFigures for financial year 2024 (filed 02-09-2025)1 financial year not filed after the legal deadline; latest accounts 32 days late; 1 of the last 3 lateFounded in 2019Sector: Specialised construction activities (NACE 43)Show the evidence

Checked score

Score 2024
47 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 27% of its sector peers (NACE 43, micro)
Financial strength · tick = 2023
Weak
Solvency 28+1
equity 3.5% of total assets
Liquidity 41+22
short-term debt 26.5% · cash 1.2%
Profitability 36-2
return on assets 0.3%
Bankruptcy probability, 12 months
4.3% Elevated
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,581 companies, NACE 43, micro)
Last 24 months 11-2024: 2.0% 12-2024: 2.0%● unchanged vs 11-2024 01-2025: 2.0%● unchanged vs 12-2024 02-2025: 2.0%● unchanged vs 01-2025 03-2025: 1.9%▼ -0.1 percentage points vs 02-2025 04-2025: 2.1%▲ +0.2 percentage points vs 03-2025 05-2025: 2.8%▲ +0.7 percentage points vs 04-2025 06-2025: 1.3%▼ -1.5 percentage points vs 05-2025lowest value 07-2025: 1.3%● unchanged vs 06-2025 08-2025: 1.8%▲ +0.5 percentage points vs 07-2025 09-2025: 1.9%▲ +0.1 percentage points vs 08-2025 10-2025: 2.7%▲ +0.8 percentage points vs 09-2025 11-2025: 2.8%▲ +0.1 percentage points vs 10-2025 12-2025: 2.8%● unchanged vs 11-2025 01-2026: 2.7%▼ -0.1 percentage points vs 12-2025 02-2026: 2.4%▼ -0.3 percentage points vs 01-2026 03-2026: 2.4%● unchanged vs 02-2026 04-2026: 2.4%● unchanged vs 03-2026 05-2026: 2.4%● unchanged vs 04-2026 06-2026: 2.3%▼ -0.1 percentage points vs 05-2026 07-2026: 2.3%● unchanged vs 06-2026 08-2026: 2.9%▲ +0.6 percentage points vs 07-2026 09-2026: 3.0%▲ +0.1 percentage points vs 08-2026 10-2026: 4.3%▲ +1.3 percentage points vs 09-2026highest value
No publishable credit limit; credit only on tighter terms
Liquidity ample (current ratio 2.97, compared with 1.24 in 2023, above the usual 1.5; short-term debt: 26.5% and cash: 1.2% of total assets), but 96.5% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 43, micro): better than 10% on solvency, 30% on liquidity, 18% on profitability and 51% on growth.

The bankruptcy probability was computed on 19-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
raises riskneutral
raises risk · Figures for financial year 2024 (filed 02-09-2025)
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 32 days late; 1 of the last 3 late
NBB · filings
raises risk · Founded in 2019
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 35975 sector peers (2024).
NBB · sector comparison
Position among 35975 sector peers
Solvency
better than 10%
← weakest strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 81 days later.
NBB · 6 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline20-10-2026 today
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-09-2025, 32 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 6 filings
Deviation from the deadline
2025
not filed
2024
32 days late
2023
47 days early
2022
11 days early
2021
30 days early
2020
40 days early
2019
14 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 18 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · micro…
  2. Liquidity more than doubledcurrent ratio 2.97
  3. Annual accounts filedfinancial year 2023 · micro…

Key points

  • Caution: Among the weakest 11% on solvencysector median 46.6% · 35,975 companies 3.5% View
  • Caution: Accounts not fileddeadline was 31-07-2026 81 days late View
  • Positive: 6 profitable years in a rowprofit 2024: €761 6 years View

By topic

Financials

Financial year
2024
Total assets
€301,177
Profit
€761
Solvency
3.5%
Total assets▼ 31.8%
Net result
20192024
Go to Financials

Timeline

Events
8
Since
2020
  1. 20-07-2023Annual accounts filed
  2. 01-07-2022Annual accounts filed
  3. 31-12-2021Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Joinery installationNACE 43320
Founded
27-11-2019
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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