WOOD CHIPS
ActiveThe computed 12-month bankruptcy probability of WOOD CHIPS is 1.5% (moderate). The 2024 annual accounts show equity of €57k and a net result of €8k. Equity is growing by ~24.3% per year across the filed fiscal years. Its solvency ranks better than 44% of 36375 sector peers (fiscal year 2024). The company has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
54
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability43▼-30
Solvency66▲+21
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 1.52 against 1.16 in 2023; short-term debt: 58.7% and cash: 10% of total assets), but 58.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
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 2024Solvency, return and age of the figures
Solvency
41.3%
Return on assets
5.7%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
30 d late
2022
325 d late
2021
31 d late
2020
1 d early
2019
69 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€57k▲ 15.9%
2023 · €49k
2018: €19k
2019: €28k
2020: €22k
2021: €15k
2022: €25k
2023: €49k
2018 → 2024
Total assets
€137k▼ 44.8%
2023 · €249k
2018: €336k
2019: €237k
2020: €236k
2021: €257k
2022: €264k
2023: €249k
2018 → 2024
Net result
€8k▼ 81.0%
2023 · €41k
2018: €10k
2019: €9k
2020: €-6k
2021: €-6k
2022: €9k
2023: €41k
2018 → 2024
Working capital
€42k▲ 30.7%
2023 · €32k
2018: €-9k
2019: €11k
2020: €4k
2021: €2k
2022: €2k
2023: €32k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€22k-€15k▼ 28.7%€25k▲ 61.6%€49k▲ 96.7%€57k▲ 15.9%
Operating result€6k-€5k▼ 6.0%€33k▲ 541%€68k▲ 104%€32k▼ 52.9%
Net result€-6k-€-6k▲ 2.5%€9k€41k▲ 333%€8k▼ 81.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 53% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €137k
Fixed assets
€14k▼ 13.0%
Current assets
€123k▼ 47.1%
Equity and liabilities €137k
Equity
€57k▲ 15.9%
Debt
€81k▼ 59.7%
The debt ratio falls from 80.3% to 58.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€39k▼
2023 · €77k
Cash flow
€15k▼
2023 · €50k
Solvency
41.3%▲
2023 · 19.7%
Current ratio
1.52▲
2023 · 1.16
Quick ratio
1.28▲
2023 · 1.08
Debt / equity
1.42▼
2023 · 4.09
ROE
13.7%▼
2023 · 83.9%
ROA
5.7%▼
2023 · 16.5%
Interest coverage
2.06▼
2023 · 4.06
Debt
€81k▼
2023 · €200k
Debt ≤ 1 year
€81k▼
2023 · €200k
Income taxes
€6k▼
2023 · €8k
Staff costs
€81k▼
2023 · €90k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€249k€137k▼
Fixed assets21/28€17k€14k▼
Tangible fixed assets22/27€14k€12k▼
Plant, machinery and equipment23€10k€6k▼
Furniture and vehicles24€4k€6k▲
Other tangible fixed assets26€761€571▼
Financial fixed assets28€2k€2k=
Current assets29/58€232k€123k▼
Stocks and contracts in progress3€16k€20k▲
Stocks30/36€7k€7k▼
Contracts in progress37€9k€13k▲
Amounts receivable within one year40/41€194k€89k▼
Trade receivables40€182k€54k▼
Other amounts receivable41€12k€34k▲
Cash at bank and in hand54/58€22k€14k▼
Deferred charges and accrued income490/1€312€461▲
Equity and liabilities
Total equity and liabilities10/49€249k€137k▼
Equity10/15€49k€57k▲
Contributions10/11€19k€19k=
Reserves13€4k€4k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€2k€2k=
Profit (loss) carried forward14€26k€34k▲
Amounts payable17/49€200k€81k▼
Amounts payable within one year42/48€200k€81k▼
Trade debts44€161k€52k▼
Suppliers440/4€161k€52k▼
Taxes, remuneration and social security45€15k€15k▲
Taxes450/3€11k€12k▲
Remuneration and social security454/9€4k€3k▼
Other amounts payable47/48€24k€13k▼
Income statement
Code20232024
Remuneration, social security and pensions62€90k€81k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€7k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€1k€2k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€170k€123k▼
Operating profit (loss)9901€68k€32k▼
Financial income75/76B-€593
Recurring financial income75-€593
Financial charges65/66B€19k€19k▼
Recurring financial charges65€19k€19k▼
Profit (loss) for the period before taxes9903€49k€14k▼
Income taxes67/77€8k€6k▼
Profit (loss) for the period9904€41k€8k▼
Profit (loss) for the period to be appropriated9905€41k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€43k€34k▼
Profit (loss) brought forward from the previous period14P€2k€26k▲
Profit to be distributed694/7€17k-
Directors or managers695€17k-
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 325 days late
2023
31-12
Financial
Highest result since 2018net €41k ▲333%
Operating result €68k, net result €41k, both a record.
2022
31-12
Financial
Back to profitnet €9k
Net result €9k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-6k ▼169%
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
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, Brussel · 1 establishment unit 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.
Verdunstraat 2101130 BrusselGround area
798 m²
Building footprint
97 m²
Volume, LiDAR
694 m³
Parcel 21821B0172/00F003, Brussels · tallest building 12.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
WOOD CHIPS
since 20012.101.291.697
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21821B0172/00F003 | Brussels | 798 m² | 1 · 97 m² | 12.4 m · 3 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.
Similar companies · same sector, comparable size
BLOCK Constructions
BE 0789.620.778
Hemiksem · Eq €57k
WDH Construct
BE 0556.620.345
Lochristi · Eq €57k
SEBEKO BOUW
BE 0794.785.435
Brugge · Eq €57k
INTERIJEURIS
BE 0726.932.054
Halen · Eq €57k
INSIDE RENOVATION
BE 0781.921.651
Charleroi · Eq €57k
Of 20,030 companies in sector 43320 we hold annual accounts for 9,135. 7,499 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded05-01-2001
Fiscal year end31-12
Activities, NACEBEL
31009Manufacture of furniture
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.