Overdue debts
€12,356 on 31-03-2025
The annual accounts state €362 of overdue tax debts and €11,994 of overdue social security (RSZ) debts on 31-03-2025.
WOODMASTER.BE
Part of the group
21 companies in 12 countries
Lifetime
17 annual accounts with figures on one time axis, 46 filings since 1979peak €17.5m (2020)
-not published
lowest -€912,637 (2025)
-€912,637▼ €544,184
peak €2.7m (2023)
€1.5m▼ 38.4%
€20.5m▲ 347%
peak 15.7 FTE (2013)
10.7 FTE▼ 10.1%
Board7 names since 2015
2 directors and 1 other
Owners
99%
Documentsfilings and deeds
26-11-202526 days late
2025abbreviated format
Loss of €912,637Staff from 11.9 FTE to 10.7 FTE2 directors reappointed 11-08Equity from €2.4m to €1.5mDebts from €4.6m to €20.5mCash from €120,563 to €66,850
Key points
from the 2025 annual accountsEquity
€1.5m from €2.7m in 2023
Equity fell by 47% in 2 years.
Result
-€912,637 ▼ 148%
The result fell in 2025: different schema filed.
Debts
€20.5m 93% of the balance sheet
Financial debts 8%Suppliers 6%Taxes and wages 1%Other 85%
€1.5m of the debts are secured on the company's own assets. In 2022 that was €302,713.
Staff
11 employees on 31-03-2025
In 2025, 6 people joined and 10 left.
Liquidity
4.39 was 1.39 in 2024
Short-term debts rose from €4.5m to €4.9m.
2026 accounts not filed, 13 days past the deadline
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 1,104 companies had the same profile as WOODMASTER.BE has now. Each dot stands for 3 companies, two years later.
94.3%
were still trading
3.5%
stopped another way
1.8%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
Test of the method
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 1,104 companies, not a prediction for WOODMASTER.BE. 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.
Credit verdict
Credit check for an amount and term of your choice
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.
Signals
Board and ownership
Managing director
Director, , since 03-06-2025
- 99%score equity €24.9m (2026) · 31-03-2026 annual accounts of
Recent changes
Reappointment: (statutory auditor)
Gazette deed
Company renamed from WOODMASTER by HACO to WOODMASTER.BE
General meeting of 26-03-2026 · Gazette deed
Company renamed from Trading Company to WOODMASTER by HАСО
Registered office moved from Roeselare to Zwevezele · New registered office: Akkerstraat 9, 8750 Zwevezele · Previous registered office: Oekensestraat 137, 8800 Roeselare · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0419355348
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| WOODMASTER.BE Wingene | - | - | 6.7% | 10.7 |
| CROWN COMMERCIAL BELGIUM Puurs-Sint-Amands | - | - | 98.6% | 6.1 |
| LINUM EUROPE Kuurne | €35.4m | 1.6% | 34.6% | 12.9 |
| ITB-TRADETECH Rixensart | - | - | 67.6% | 3.6 |
| Unibox Games Herve | €9.8m | -11.1% | 62.6% | 10.8 |
| Paul Keuleers Antwerp | €11.8m | 8.9% | 31.7% | 14.9 |
| MULTRONIC Tienen | €11.5m | 22.9% | 75.0% | 13.8 |
These companies have the same main activity as WOODMASTER.BE: wholesale of other machinery and equipment (NACE 46649). They are comparable in size and age: total assets between €8.1m and €19m, founded between 1968 and 1983.
Official details
Source: KBO- Status
- Active since 03-04-1979Normal situation
- Activity
- Wholesale of other machinery and equipmentNACE 46649and 2 others
- Joint committees
- 200Auxiliary committee for white-collar workers
- 149.04Metal trade · annual accounts 31-03-2025
- Establishment unit
- 2.016.107.0898850 Ardooie, since 03-04-1979
- Financial year end
- 31 March
- Peppol
- Reachable since 07-12-2025
Annual accounts to 31-03-2025
- ≈ €1.3mestimated
- €22.0m▲ 215%
- Employeeson 31-03-2025
- 11▼ 26.7%
- Filing
- Filed on 26-11-2025
Insights on WOODMASTER.BE
Solvency fell in 2025 from 34.1% to 6.7% because of the loss.
holds 99% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about WOODMASTER.BE
- What is the company number of WOODMASTER.BE?
- The company number of WOODMASTER.BE is 0419.355.348. The VAT number is the same number with BE in front: BE 0419.355.348.
- Where is WOODMASTER.BE based?
- The registered office is at Akkerstraat 9, 8750 Wingene.Company details
- What does WOODMASTER.BE do?
- According to the KBO register, the main activity is wholesale of other machinery and equipment (NACE 46649).
- What is the legal form of WOODMASTER.BE?
- WOODMASTER.BE is a public limited company (NV).
- When was WOODMASTER.BE founded?
- WOODMASTER.BE was founded on 03-04-1979.
- Is WOODMASTER.BE still active?
- Yes, WOODMASTER.BE is an active enterprise in the KBO register.
- How many employees does WOODMASTER.BE have?
- WOODMASTER.BE had an average of 10.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does WOODMASTER.BE fall under?
- In its 31-03-2025 annual accounts, WOODMASTER.BE states joint committees 200 (Auxiliary committee for white-collar workers) and 149.04 (Metal trade).
- What is the turnover of WOODMASTER.BE?
- The turnover in financial year 2025 is ≈ €1.3m. This figure is estimated from the gross margin of €256,705 and 139 comparable companies (NACE 46). It probably lies between €820,000 and €2.2m. In financial year 2024 turnover was €10.9m.
- Is WOODMASTER.BE profitable?
- In financial year 2025, WOODMASTER.BE made a loss of €912,637.
- Where can I find the annual accounts of WOODMASTER.BE?
- WOODMASTER.BE filed 46 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence See whether the workforce is growing and whether people stay.Employer check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies
See how customers, suppliers and banks see your own company and what to improve first.