VL-WOOD
ActiveVL-WOOD has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.32M and a net result of €613k. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 32% of 143 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80▼-1
Solvency60=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150k at 30 days acceptable
Liquidity tight (current ratio 1.35 against 1.3 in 2024; short-term debt: 64.9% and cash: 7.3% of total assets), and 64.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
35.1%
Return on assets
9.3%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Sector 16
higher
← fewer bankruptcies
more bankruptcies →
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
52 d early
2023
21 d early
2022
14 d early
2021
39 d early
2020
47 d early
2019
25 d early
← before the deadline
after the deadline →
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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€613k▼ 5.6%
2024 · €649k
2018: €72k
2019: €249k
2020: €505k
2021: €397k
2022: €1.06M
2023: €857k
2024: €649k
2018 → 2025
Working capital
€1.51M▲ 18.3%
2024 · €1.28M
2018: €1.32M
2019: €1.35M
2020: €1.24M
2021: €1.37M
2022: €1.53M
2023: €1.47M
2024: €1.28M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.26M-€2.26M=€2.26M▲ 0.1%€2.31M▲ 2.3%€2.32M▲ 0.6%
Operating result€420k-€1.07M▲ 156%€859k▼ 20.1%€640k▼ 25.5%€562k▼ 12.2%
Net result€397k-€1.06M▲ 167%€857k▼ 19.0%€649k▼ 24.2%€613k▼ 5.6%
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 12% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.62M
Fixed assets
€811k▼ 21.4%
Current assets
€5.81M▲ 4.4%
Equity and liabilities €6.62M
Equity
€2.32M▲ 0.6%
Debt
€4.30M▲ 0.3%
The debt ratio falls from 65.0% to 64.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€797k▼
2024 · €875k
Cash flow
€848k▼
2024 · €884k
Solvency
35.1%▲
2024 · 35.0%
Current ratio
1.35▲
2024 · 1.30
Quick ratio
0.39▲
2024 · 0.36
Debt / equity
1.85▼
2024 · 1.85
ROE
26.4%▼
2024 · 28.1%
ROA
9.3%▼
2024 · 9.8%
Interest coverage
77.15▲
2024 · 12.25
Debt
€4.30M▲
2024 · €4.28M
Debt ≤ 1 year
€4.29M▲
2024 · €4.28M
Income taxes
€12k▼
2024 · €16k
Staff costs
€844k▲
2024 · €673k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€6.60M€6.62M▲
Fixed assets21/28€1.03M€811k▼
Intangible fixed assets21€18k€6k▼
Tangible fixed assets22/27€1.01M€799k▼
Land and buildings22€436k€407k▼
Plant, machinery and equipment23€240k€170k▼
Furniture and vehicles24€333k€222k▼
Financial fixed assets28€6k€6k=
Current assets29/58€5.56M€5.81M▲
Stocks and contracts in progress3€4.00M€4.13M▲
Stocks30/36€4.00M€4.13M▲
Amounts receivable within one year40/41€791k€1.18M▲
Trade receivables40€784k€1.18M▲
Other amounts receivable41€7k€594▼
Cash at bank and in hand54/58€753k€483k▼
Deferred charges and accrued income490/1€16k€15k▼
Equity and liabilities
Total equity and liabilities10/49€6.60M€6.62M▲
Equity10/15€2.31M€2.32M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€2.25M€2.26M▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€2.24M€2.26M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€4.28M€4.30M▲
Amounts payable within one year42/48€4.28M€4.29M▲
Trade debts44€641k€484k▼
Suppliers440/4€641k€484k▼
Taxes, remuneration and social security45€102k€66k▼
Taxes450/3€53k€13k▼
Remuneration and social security454/9€49k€53k▲
Other amounts payable47/48€3.54M€3.74M▲
Accrued charges and deferred income492/3€1k€1k▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€673k€844k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€235k€235k=
Other operating charges640/8€26k€26k▲
Gross operating margin9900€1.57M€1.67M▲
Operating profit (loss)9901€640k€562k▼
Financial income75/76B€96k€74k▼
Recurring financial income75€96k€74k▼
Financial charges65/66B€71k€10k▼
Recurring financial charges65€71k€10k▼
Profit (loss) for the period before taxes9903€665k€626k▼
Income taxes67/77€16k€12k▼
Profit (loss) for the period9904€649k€613k▼
Profit (loss) for the period to be appropriated9905€649k€613k▼
Appropriation of the result
Profit (loss) to be appropriated9906€649k€613k▼
Transfer to equity691/2€51k€13k▼
To other reserves6921€51k€13k▼
Profit to be distributed694/7€598k€600k▲
Directors or managers695€590k€600k▲
Employees696€8k€0▼
Social balance
Average headcount (FTE)908713.013.0=
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
Next filing, fiscal year 2026, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
09-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €1.06M ▲167%
Operating result €1.07M, net result €1.06M, both a record.
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
25-07
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
4 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, Pelt · 1 establishment unit since 2002
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.
Gaston Eyskenslaan 93900 PeltGround area
1.6 ha
Building footprint
92 m²
Volume, LiDAR
270 m³
Parcel 72502E0102/00Z158, Flanders · tallest building 3.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Gaston Eyskenslaan 9, 3900 Pelt
since 20022.095.640.557
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72502E0102/00Z158 | Flanders | 1.6 ha | 1 · 92 m² | 3.2 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 8 entries · 54,817 EUR awarded · 54,817 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 21,793 EUR | 21,793 EUR |
| 2024 | 3 | 12,123 EUR | 12,123 EUR |
| 2023 | 1 | 9,963 EUR | 9,963 EUR |
| 2022 | 1 | 10,938 EUR | 10,938 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Individueel Maatwerk
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
4 endedSimilar companies · same sector, comparable size
Houthandel Vanhaverbeke
BE 0424.854.258
Izegem · Eq €2.33M
JACOBS HANDEL
BE 0843.198.135
Arendonk · Eq €2.31M
SCIERIE ET MATERIAUX DE WILLERZIE
BE 0442.596.845
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HOUTZAGERIJ VAN ERCK
BE 0436.687.268
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WONTERSPAN
BE 0427.929.356
Deinze · Eq €2.37M
Of 663 companies in sector 16110 we hold annual accounts for 320. 176 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded08-01-2002
Fiscal year end31-12
Activities, NACEBEL
16110Sawmilling and planing of wood
20102
16210Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
20200
46499Wholesale of other household goods
51478
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.