W-WOOD
InactiveW-WOOD was declared bankrupt on 10-10-2024 (Ondernemingsrechtbank Leuven); the bankruptcy was closed for insufficient assets by judgment of 08-05-2025, published in the Belgian State Gazette on 14-05-2025.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline24-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 24-11-2023, 481 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
481 d late
2019
91 d late
2018
233 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Equity
€-742
2019 · €11k
2018: €6k
2019: €11k
2018 → 2021
Total assets
€37k▲ 22.5%
2019 · €30k
2018: €33k
2019: €30k
2018 → 2021
Net result
€-3k
2019 · €5k
2018: €-3k
2019: €5k
2018 → 2021
Working capital
€-5k
2019 · €9k
2018: €11k
2019: €9k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192021Trend
Equity€6k-€11k▲ 83.1%€-742
Operating result€-2k-€7k€-2k
Net result€-3k-€5k€-3k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €-2k in 2021, compared with €7k in 2019. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2021 in colour, 2019 as the grey bar beneath
Assets €37k
Fixed assets
€6k ▼ 37.8%
Current assets
€31k ▲ 48.6%
Key figures and ratios
EBITDA
€3k▼
2019 · €10k
Cash flow
€865▼
2019 · €8k
Solvency
-2.0%▼
2019 · 36.4%
Current ratio
0.87▼
2019 · 1.75
ROA
-8.7%▼
2019 · 16.5%
Interest coverage
2.12
Debt
€37k▲
2019 · €19k
Debt ≤ 1 year
€36k▲
2019 · €12k
Income taxes
€476▼
2019 · €2k
Equity ratios withheld: equity of €-742 is too small for a meaningful ratio.
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 · 2021 against 2019 · 42 lines
Balance sheet
Code20192021
Assets
Total assets20/58€30k€37k▲
Fixed assets21/28€9k€6k▼
Tangible fixed assets22/27€9k€6k▼
Plant, machinery and equipment23-€4k
Furniture and vehicles24-€2k
Current assets29/58€21k€31k▲
Amounts receivable within one year40/41€18k€24k▲
Trade receivables40-€23k
Other amounts receivable41-€589
Cash at bank and in hand54/58€3k€968▼
Deferred charges and accrued income490/1-€6k
Equity and liabilities
Total equity and liabilities10/49€30k€37k▲
Equity10/15€11k€-742▼
Contributions10/11€9k€9k=
Reserves13€2k€2k=
Non-distributable reserves130/1-€2k
Reserves not available under the articles1311-€2k
Distributable reserves133-€36
Profit (loss) carried forward14-€-12k
Amounts payable17/49€19k€37k▲
Amounts payable after more than one year17€6k-
Amounts payable within one year42/48€12k€36k▲
Current portion of amounts payable after more than one year42-€1k
Trade debts44€1k€9k▲
Suppliers440/4-€9k
Taxes, remuneration and social security45-€12k
Taxes450/3-€12k
Other amounts payable47/48-€14k
Accrued charges and deferred income492/3-€2k
Income statement
Code20192021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲
Other operating charges640/8-€1k
Gross operating margin9900€11k€4k▼
Operating profit (loss)9901€7k€-2k▼
Recurring financial income75€5-
Financial charges65/66B-€1k
Recurring financial charges65€537€1k▲
Profit (loss) for the period before taxes9903€7k€-3k▼
Income taxes67/77€2k€476▼
Profit (loss) for the period9904€5k€-3k▼
Profit (loss) for the period to be appropriated9905€5k€-3k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-12k
Profit (loss) brought forward from the previous period14P-€-8k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
14-05
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Leuven · W-WOOD BV PANDHOEVESTRAAT 5/A, 3128 BAAL · event 08-05-2025
2024
23-10
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · W-WOOD BV PANDHOEVE- STRAAT 5/A, 3128 BAAL · event 10-10-2024
2023
24-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 481 days late
2021
31-12
Financial
Weakest financial yearnet €-3k ▼165%
Net result drops to €-3k, the lowest in the series.
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
20-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 233 days late
2019
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MICHIEL VERRAES EDMOND TOLLENAERE-
STRAAT 56-76, 1020 BRUSSEL 2 |
10-10-2024 → 08-05-2025 |