Wood@Work
ActiveThe computed 12-month bankruptcy probability of Wood@Work is 1.9% (moderate). The 2024 annual accounts show equity of €291k and a net result of €64k. Equity is shrinking by ~11.9% per year across the filed fiscal years. Its solvency ranks better than 38% of 19344 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+25
Solvency12▼-14
Growth32=
Stability100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity short (current ratio 0.3 against 0.18 in 2023), and 82.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-06-2025, 40 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
40 d early
2023
41 d early
2022
31 d early
2021
23 d early
2020
32 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€291k▼ 24.8%
2023 · €386k
2020: €466k
2021: €521k
2022: €578k
2023: €386k
2020 → 2024
Total assets
€1.64M▲ 6.2%
2023 · €1.55M
2020: €1.67M
2021: €1.70M
2022: €2.01M
2023: €1.55M
2020 → 2024
Net result
€64k▲ 11.0%
2023 · €58k
2020: €66k
2021: €54k
2022: €57k
2023: €58k
2020 → 2024
Working capital
€-277k▼ 123%
2023 · €-124k
2020: €74k
2021: €58k
2022: €96k
2023: €-124k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€466k-€521k▲ 11.7%€578k▲ 11.0%€386k▼ 33.2%€291k▼ 24.8%
Operating result€76k-€71k▼ 6.2%€91k▲ 28.0%€95k▲ 5.0%€114k▲ 19.1%
Net result€66k-€54k▼ 17.8%€57k▲ 5.5%€58k▲ 0.8%€64k▲ 11.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 19% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.64M
Fixed assets
€1.52M▲ 0.2%
Current assets
€120k▲ 344%
Equity and liabilities €1.64M
Equity
€291k▼ 24.8%
Debt
€1.35M▲ 16.4%
The debt ratio rises from 75.0% to 82.3%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€163k▲
2023 · €142k
Cash flow
€113k▲
2023 · €105k
Solvency
17.7%▼
2023 · 25.0%
Current ratio
0.30▲
2023 · 0.18
Quick ratio
0.30▲
2023 · 0.18
Debt / equity
4.66▲
2023 · 3.01
ROE
22.1%▲
2023 · 15.0%
ROA
3.9%▲
2023 · 3.7%
Interest coverage
6.43▲
2023 · 5.41
Debt
€1.35M▲
2023 · €1.16M
Debt ≤ 1 year
€397k▲
2023 · €151k
Debt > 1 year
€939k▼
2023 · €996k
Income taxes
€24k▲
2023 · €20k
Staff costs
€74k▲
2023 · €72k
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€1.55M€1.64M▲
Fixed assets21/28€1.52M€1.52M▲
Tangible fixed assets22/27€1.52M€1.52M▲
Land and buildings22€1.52M€1.52M▲
Plant, machinery and equipment23€363€240▼
Current assets29/58€27k€120k▲
Amounts receivable within one year40/41€10k€36k▲
Trade receivables40€820€36k▲
Other amounts receivable41€9k-
Cash at bank and in hand54/58€17k€81k▲
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€1.55M€1.64M▲
Equity10/15€386k€291k▼
Contributions10/11€150k-
Reserves13€236k€291k▲
Distributable reserves133€236k€291k▲
Amounts payable17/49€1.16M€1.35M▲
Amounts payable after more than one year17€996k€939k▼
Financial debts170/4€996k€939k▼
Amounts payable within one year42/48€151k€397k▲
Current portion of amounts payable after more than one year42€56k€57k▲
Trade debts44€2k€11k▲
Suppliers440/4€2k€11k▲
Taxes, remuneration and social security45€20k€19k▼
Taxes450/3€20k€19k▼
Other amounts payable47/48€72k€310k▲
Accrued charges and deferred income492/3€14k€16k▲
Income statement
Code20232024
Remuneration, social security and pensions62€72k€74k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47k€49k▲
Other operating charges640/8€8k€7k▼
Gross operating margin9900€223k€244k▲
Operating profit (loss)9901€95k€114k▲
Financial income75/76B€9k-
Recurring financial income75€9k-
Non-recurring financial income76B€167-
Financial charges65/66B€26k€25k▼
Recurring financial charges65€26k€25k▼
Profit (loss) for the period before taxes9903€78k€88k▲
Income taxes67/77€20k€24k▲
Profit (loss) for the period9904€58k€64k▲
Profit (loss) for the period to be appropriated9905€58k€64k▲
Appropriation of the result
Profit (loss) to be appropriated9906€58k€64k▲
Transfer to equity691/2€58k€54k▼
To other reserves6921€58k€54k▼
Profit to be distributed694/7-€10k
Directors or managers695-€10k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
21-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €54k ▼17.8%
Net result drops to €54k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €500kEq €521k ▲11.7%
2 profitable years in a row build equity to €521k.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
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, Hoogstraten · 1 establishment unit since 2019
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.
Putten 182320 HoogstratenGround area
8,479 m²
Building footprint
1,554 m²
Volume, LiDAR
3 m³
Parcel 13014F0266/00A000, Flanders · tallest building 0.4 m. Linked by address, not a title deed.
1 establishment unit
Wood@Work
since 20192.291.108.425
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13014F0266/00A000 | Flanders | 8,479 m² | 1 · 1,554 m² | 0.4 m |
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.
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Of 29,535 companies in sector 41001 we hold annual accounts for 15,872. 10,967 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-07-2019
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
68203Renting and operating of own or leased non-residential real estate, excluding land
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.