W.CARPENTRY
ActiveSummary
The computed 12-month bankruptcy probability of W.CARPENTRY is 3.0% (moderate). The 2025 annual accounts show equity of €38,217 and a net result of -€2,812. Equity is growing by ~29.6% per year across the filed fiscal years. Its solvency ranks better than 31% of 28281 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability66▼-12
Solvency55▼-1
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity short (current ratio 0.96 against 1.17 in 2024; short-term debt: 52.6% and cash: 4.5% of total assets), and 70% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
30%
Return on assets
-2.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 4 filingsDeviation from the deadline
2025
31 d late
2024
31 d late
2023
29 d late
2022
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 31 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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. Usually files around 31 August (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€38,217▼ 6.9%
2024 · €41,028
Total assets
€127,284▼ 5.1%
2024 · €134,126
Net result
-€2,812
2024 · €9,831
Working capital
-€2,685
2024 · €10,499
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€3,173-€34,139▲ 976%€12,729▼ 62.7%-€377
Net result€2,986within the sector's middle half-€25,210within the sector's middle half▲ 744%€9,831within the sector's middle half▼ 61.0%-€2,812below the sector's middle half
Equity€5,986below the sector's middle half-€31,197within the sector's middle half▲ 421%€41,028within the sector's middle half▲ 31.5%€38,217within the sector's middle half▼ 6.9%
Total assets€61,014below the sector's middle half-€72,757within the sector's middle half▲ 19.2%€134,126within the sector's middle half▲ 84.3%€127,284within the sector's middle half▼ 5.1%
Debt€55,028-€41,560▼ 24.5%€93,098▲ 124%€89,067▼ 4.3%
Working capital-€17,391below the sector's middle half-€8,021within the sector's middle half€10,499within the sector's middle half▲ 30.9%-€2,685below the sector's middle half
Solvency9.8%below the sector's middle half-42.9%within the sector's middle half▲ 33.1pp30.6%within the sector's middle half▼ 12.3pp30.0%within the sector's middle half▼ 0.6pp
Current ratio0.68below the sector's middle half-1.19within the sector's middle half▲ 0.511.17within the sector's middle half▼ 0.030.96below the sector's middle half▼ 0.21
Return on assets (ROA)4.9%within the sector's middle half-34.7%above the sector's middle half▲ 29.8pp7.3%within the sector's middle half▼ 27.3pp-2.2%below the sector's middle half▼ 9.5pp
Staff (FTE)1-1=1.9▲ 90.0%1.5▼ 21.1%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €377 after €12,729 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €127,284
Fixed assets
€62,985 ▲ 4.1%
Current assets
€64,298 ▼ 12.6%
Equity and liabilities €127,284
Equity
€38,217 ▼ 6.9%
Debt
€89,067 ▼ 4.3%
Debt's share of the balance-sheet total rises from 69.4% to 70.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€21,162▼
2024 · €26,058
Cash flow
€18,728▼
2024 · €23,160
Debt to equity
2.33▲
2024 · 2.27
ROE
-7.4%▼
2024 · 24.0%
Interest coverage
12.15▼
2024 · 28.76
Debt ≤ 1 year
€66,984▲
2024 · €63,102
Debt > 1 year
€22,083▼
2024 · €29,996
Income taxes
€1,439▼
2024 · €3,118
Staff costs
€83,791▼
2024 · €94,602
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,146 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 92% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a small loss
2.2%
went bankrupt
5.9%
stopped otherwise
92%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,146 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €1,403 | €613 | ▼ 56.3% |
| Remuneration, social security and pensions62 | €25,067 | €50,062 | €94,602 | €83,791 | ▼ 11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,239 | €7,778 | €13,329 | €21,540 | ▲ 61.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €3,310 | - |
| Other operating charges640/8 | €120 | €703 | €1,196 | €1,870 | ▲ 56.4% |
| Gross operating margin9900 | €33,599 | €92,681 | €121,856 | €110,134 | ▼ 9.6% |
| Operating profit (loss)9901 | €3,173 | €34,139 | €12,729 | -€377 | ▼ 103% |
| Financial income75/76B | €0 | €0 | €1,699 | €2,972 | ▲ 74.9% |
| Recurring financial income75 | €0 | €0 | €199 | €2,972 | ▲ 1,390% |
| Non-recurring financial income76B | - | - | €1,500 | - | - |
| Financial charges65/66B | €187 | €771 | €1,479 | €3,967 | ▲ 168% |
| Recurring financial charges65 | €187 | €367 | €906 | €1,741 | ▲ 92.1% |
| Non-recurring financial charges66B | - | €403 | €572 | €2,226 | ▲ 289% |
| Profit (loss) for the period before taxes9903 | €2,986 | €33,368 | €12,950 | -€1,373 | ▼ 111% |
| Income taxes67/77 | - | €8,158 | €3,118 | €1,439 | ▼ 53.8% |
| Profit (loss) for the period9904 | €2,986 | €25,210 | €9,831 | -€2,812 | ▼ 129% |
| Profit (loss) for the period to be appropriated9905 | €2,986 | €25,210 | €9,831 | -€2,812 | ▼ 129% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €61,014 | €72,757 | €134,126 | €127,284 | ▼ 5.1% |
| Fixed assets21/28 | €23,736 | €23,176 | €60,525 | €62,985 | ▲ 4.1% |
| Tangible fixed assets22/27 | €23,736 | €23,176 | €60,525 | €62,985 | ▲ 4.1% |
| Plant, machinery and equipment23 | - | €2,947 | €12,047 | €10,381 | ▼ 13.8% |
| Furniture and vehicles24 | €23,736 | €20,229 | €48,477 | €52,604 | ▲ 8.5% |
| Current assets29/58 | €37,279 | €49,581 | €73,601 | €64,298 | ▼ 12.6% |
| Amounts receivable within one year40/41 | €25,677 | €16,477 | €45,065 | €50,796 | ▲ 12.7% |
| Trade receivables40 | €22,163 | €6,660 | €28,788 | €41,559 | ▲ 44.4% |
| Other amounts receivable41 | €3,514 | €9,818 | €16,277 | €9,237 | ▼ 43.3% |
| Cash at bank and in hand54/58 | €5,306 | €20,046 | €13,484 | €5,787 | ▼ 57.1% |
| Deferred charges and accrued income490/1 | €6,295 | €13,058 | €15,052 | €7,715 | ▼ 48.7% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €61,014 | €72,757 | €134,126 | €127,284 | ▼ 5.1% |
| Equity10/15 | €5,986 | €31,197 | €41,028 | €38,217 | ▼ 6.9% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €2,986 | €28,197 | €38,028 | €35,217 | ▼ 7.4% |
| Amounts payable17/49 | €55,028 | €41,560 | €93,098 | €89,067 | ▼ 4.3% |
| Amounts payable after more than one year17 | - | - | €29,996 | €22,083 | ▼ 26.4% |
| Financial debts170/4 | - | - | €29,996 | €22,083 | ▼ 26.4% |
| Amounts payable within one year42/48 | €54,669 | €41,560 | €63,102 | €66,984 | ▲ 6.2% |
| Current portion of amounts payable after more than one year42 | - | - | €7,580 | €7,912 | ▲ 4.4% |
| Financial debts43 | - | - | €1,056 | - | - |
| Credit institutions430/8 | - | - | €1,056 | - | - |
| Trade debts44 | €30,417 | €23,219 | €21,312 | €39,830 | ▲ 86.9% |
| Suppliers440/4 | €30,417 | €23,219 | €21,312 | €39,830 | ▲ 86.9% |
| Advances received on contracts in progress46 | - | €1,855 | - | €100 | - |
| Taxes, remuneration and social security45 | €12,414 | €15,894 | €33,154 | €19,141 | ▼ 42.3% |
| Taxes450/3 | €5,998 | €14,711 | €25,039 | €11,723 | ▼ 53.2% |
| Remuneration and social security454/9 | €6,416 | €1,183 | €8,114 | €7,418 | ▼ 8.6% |
| Other amounts payable47/48 | €11,839 | €592 | - | - | - |
| Accrued charges and deferred income492/3 | €358 | - | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,986 | €25,210 | €9,831 | -€2,812 | ▼ 129% |
| + Depreciation and write-downs630 | €5,239 | €7,778 | €13,329 | €21,540 | ▲ 61.6% |
| Operating cash flow (approximation) | €8,226 | €32,988 | €23,160 | €18,728 | ▼ 19.1% |
| Investment in fixed assets (approximation) | - | -€7,218 | -€50,678 | -€24,000 | ▲ 52.6% |
| Change in cash | - | €14,739 | -€6,561 | -€7,697 | ▼ 17.3% |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet -€2,812
Net result drops to -€2,812, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Highest result since 2022net €25,210 ▲744%
Operating result €34,139, net result €25,210, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Lasne · 1 establishment unit since 2022
Ground area
416 m²
Building footprint
64 m²
Parcel 25076G0281/00C000, Wallonia. Linked by address, not a title deed.
1 establishment unit
W.CARPENTRY
since 20222.330.781.722
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25076G0281/00C000 | Wallonia | 416 m² | 1 · 64 m² | - |
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.
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Of 8,578 companies in sector 43410 we hold annual accounts for 4,369. 3,560 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
Founded22-04-2022
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43410Roofing work
43320Joinery installation
43331Floor and wall tiling
43350Other building finishing work
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0785339813
Also
9925:BE0785339813
Registered
18-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.