Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Every financial year from 2016 to 2025 closed with a loss. 2025 was the heaviest.
In July 2024, 6,920 companies had the same profile as WOOD - E has now. Each dot stands for 18 companies, two years later.
Another 0.7% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,920 companies, not a prediction for WOOD - E. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| WOOD - E Lochristi | €6,128 | -€16,599 | -2186.6% | - |
| Studio LIV Lier | €8,216 | -€5,686 | -601.3% | - |
| ROOS PRODUCTIONS Grobbendonk | €5,309 | -€805 | -1016.5% | - |
| CLEVER TRICKSTER GAMES Spa | €2,875 | -€1,958 | 71.4% | - |
| MOONGLOW Etterbeek | €3,018 | -€1,872 | 46.8% | - |
| Songe d’automne Fernelmont | €9,043 | €2,814 | 83.4% | - |
| Liminal Glitch Studios Ghent | €4,968 | -€19,932 | -685.1% | - |
These companies have the same main activity as WOOD - E: other manufacturing (NACE 32400). They are comparable in size and age: total assets between €2,880 and €9,040, founded between 2009 and 2023.
WOOD - E files the micro format. That format states no turnover. The gross margin fell from -€2,679 in 2016 to -€16,599 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them.
Lower than 95% of 816 companies in 2024.
Lower than 95% of 801 companies in 2025.
Lower than 95% of 813 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||
20/58 |
6,128 | 22,800 | 16,963 | 17,693 | 19,056 | 20,380 | 31,529 | 31,004 | 49,587 | 65,698 | |
20 |
- | - | - | - | - | - | - | - | 427 | 640 | |
21/28 |
- | - | - | - | - | 100 | 455 | 819 | 17,233 | 21,758 | |
21 |
- | - | - | - | - | - | - | - | 16,050 | 20,211 | |
22/27 |
- | - | - | - | - | - | 355 | 719 | 1,083 | 1,447 | |
23 |
- | - | - | - | - | - | 355 | 719 | 1,083 | 1,447 | |
28 |
- | - | - | - | - | 100 | 100 | 100 | 100 | 100 | |
29/58 |
6,128 | 22,800 | 16,963 | 17,693 | 19,056 | 20,280 | 31,074 | 30,185 | 31,927 | 43,300 | |
3 |
6,000 | 15,410 | 16,725 | 16,955 | 17,205 | 18,062 | 28,623 | 29,303 | 30,415 | 36,222 | |
30/36 |
6,000 | 15,410 | 16,725 | 16,955 | 17,205 | 18,062 | 28,623 | 29,303 | 30,415 | 36,222 | |
40/41 |
128 | 155 | 94 | 313 | 1,426 | 1,324 | 1,007 | 481 | 1,512 | 684 | |
40 |
0 | 52 | 17 | - | - | - | - | 481 | 1,083 | - | |
41 |
128 | 103 | 77 | 313 | 1,426 | 1,324 | 1,007 | - | 429 | 684 | |
54/58 |
0 | 110 | 0 | 96 | 301 | 281 | 1,444 | 401 | - | 590 | |
490/1 |
0 | 7,125 | 144 | 328 | 124 | 613 | - | - | - | 5,804 | |
| Balance sheet: equity and liabilities | |||||||||||
10/49 |
6,128 | 22,800 | 16,963 | 17,693 | 19,056 | 20,380 | 31,529 | 31,004 | 49,587 | 65,698 | |
10/15 |
-134,000 | -101,090 | -91,509 | -79,190 | -69,723 | -58,019 | -34,777 | -27,476 | -8,610 | 13,666 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | |
14 |
-152,600 | -119,690 | -110,109 | -97,790 | -88,323 | -76,619 | -53,377 | -46,076 | -27,210 | -4,934 | |
17/49 |
140,128 | 123,890 | 108,473 | 96,883 | 88,779 | 78,399 | 66,306 | 58,479 | 58,197 | 52,032 | |
42/48 |
140,128 | 123,890 | 108,473 | 96,883 | 88,779 | 77,076 | 66,306 | 58,479 | 58,197 | 52,032 | |
43 |
1,506 | 0 | 518 | - | - | - | - | - | 418 | - | |
430/8 |
1,506 | 0 | 518 | - | - | - | - | - | 418 | - | |
44 |
1,609 | 2,742 | 1,588 | 140 | 6,476 | 2,957 | 216 | 398 | 930 | 9,463 | |
440/4 |
1,609 | 2,742 | 1,588 | 140 | 6,476 | 2,957 | 216 | 398 | 930 | 9,463 | |
45 |
3 | 11 | 11 | 38 | 148 | - | 107 | 856 | 866 | 1,493 | |
450/3 |
3 | 11 | 11 | 38 | 148 | - | 107 | 856 | 866 | 1,493 | |
47/48 |
137,011 | 121,137 | 106,356 | 96,705 | 82,155 | 74,119 | 65,984 | 57,225 | 55,984 | 41,075 | |
492/3 |
- | - | - | - | - | 1,323 | - | - | - | - | |
| Income statement | |||||||||||
9900 |
-16,599 | -7,713 | -11,440 | -8,746 | -10,881 | -14,758 | -6,250 | -1,733 | -17,090 | -2,679 | |
630 |
- | - | - | - | - | 355 | 364 | 16,840 | 4,739 | 1,396 | |
631/4 |
15,410 | - | - | - | - | - | - | - | - | - | |
640/8 |
544 | 1,528 | 516 | 469 | 467 | 7,932 | 534 | 200 | 424 | 934 | |
9901 |
-32,553 | -9,241 | -11,957 | -9,215 | -11,348 | -23,045 | -7,148 | -18,773 | -22,252 | -5,010 | |
75/76B |
0 | 0 | - | - | - | - | - | - | - | 96 | |
75 |
0 | 0 | - | - | - | - | - | - | - | 96 | |
65/66B |
358 | 339 | 363 | 252 | 356 | 197 | 153 | 92 | 24 | 19 | |
65 |
358 | 339 | 363 | 252 | 356 | 197 | 153 | 92 | 24 | 19 | |
9903 |
-32,910 | -9,580 | -12,319 | -9,467 | -11,704 | -23,242 | -7,301 | -18,865 | -22,276 | -4,933 | |
67/77 |
- | - | - | - | - | - | - | - | - | 1 | |
9904 |
-32,910 | -9,580 | -12,319 | -9,467 | -11,704 | -23,242 | -7,301 | -18,865 | -22,276 | -4,934 | |
9905 |
-32,910 | -9,580 | -12,319 | -9,467 | -11,704 | -23,242 | -7,301 | -18,865 | -22,276 | -4,934 | |
| Appropriation of the result | |||||||||||
9906 |
-152,600 | -119,690 | -110,109 | -97,790 | -88,323 | -76,619 | -53,377 | -46,076 | -27,210 | -4,934 | |
14P |
-119,690 | -110,109 | -97,790 | -88,323 | -76,619 | - | - | - | - | - | |
| Document | |||||||||||
The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 06-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 06-07-2026 | 2026-00254201 | |
| 31-12-2024 | micro format | 31-07-2025 | 2025-00337847 | |
| 31-12-2023 | micro format | 20-06-2024 | 2024-00144247 | |
| 31-12-2022 | micro format | 28-06-2023 | 2023-00175872 | |
| 31-12-2021 | micro format | 24-08-2022 | 2022-20314547 | |
| 31-12-2020 | micro format | 30-09-2021 | 2021-69700262 | |
| 31-12-2019 | micro format | 14-09-2020 | 2020-53000027 | |
| 31-12-2018 | micro format | 01-08-2019 | 2019-43200267 | |
| 31-12-2017 | abbreviated format | 06-08-2018 | 2018-43500484 | |
| 31-12-2016 | abbreviated format | 28-07-2017 | 2017-37600218 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | - | - | - | -22,690 | -6,784 | -1,933 | -17,514 | -3,613 | ||
| - | - | - | - | - | -22,887 | -6,937 | -2,025 | -17,537 | -3,538 | ||
| - | - | - | - | - | 0 | 0 | 427 | 213 | 22,728 | ||
| -110 | 110 | -96 | -205 | 20 | -1,163 | 1,043 | - | - | - | ||
| -134,000 | -101,090 | -91,509 | -79,190 | -69,723 | -56,796 | -35,232 | -28,295 | -26,269 | -8,732 | ||
| - | -443.4% | -539.5% | -447.6% | -365.9% | -284.7% | -110.3% | -88.6% | -17.4% | 20.8% | ||
| 0.04 | 0.18 | 0.16 | 0.18 | 0.21 | 0.26 | 0.47 | 0.52 | 0.55 | 0.83 | ||
| 0.00 | 0.06 | 0.00 | 0.01 | 0.02 | 0.03 | 0.04 | 0.02 | 0.03 | 0.14 | ||
| - | - | - | - | - | - | - | - | - | 3.81 | ||
| - | - | - | - | - | - | - | - | - | -36.1% | ||
| -537.0% | -42.0% | -72.6% | -53.5% | -61.4% | -114.0% | -23.2% | -60.8% | -44.9% | -7.5% |
A ratio outside any meaningful range has been withheld (balance sheet total €6,128, equity -€134,000).
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
The operating result for 2025 is a loss of €32,553, larger than the loss of €9,241 in 2024. It is the lowest result since 2016.
Equity is negative. Debt (€140,128) exceeds the balance-sheet total (€6,128).
WOOD - E has no parent and no holdings in its annual accounts. is the only director. WOOD - E shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Bosstraat 38A registered office 9080 Lochristi | 15-03-2015 | 2.240.268.844 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44034B0621/00B000 | 303 m² | 1 · 303 m² | 9.5 m · 2 |
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