Financials
- Financial year
- 2025
- Total assets
- €22.0m
- Loss
- -€912,637
- Solvency
- 6.7%
Turnover▼ 35.4%
Net result
20192024
WOODMASTER.BE
ActiveSummary
The computed 12-month bankruptcy probability of WOODMASTER.BE is 1.6% (moderate). The 2025 annual accounts show equity of €1.5m and a net result of -€912,637. Equity is growing by about 4.4% per year across the filed financial years. Its solvency ranks better than 16% of 9,811 sector peers (NACE 46, financial year 2025). The company has been active since 1979 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Wholesale of other machinery and equipment
NACE 46649
3rd largest company by total assets in Wingene, Wholesale and retail trade sector1 site
Size
≈ €1.3mturnover 2025, estimated
- Staff
- 10.7 FTE
- Equity
- €1.5m
- Loss
- -€912,637
Turnover estimated from the gross marginNet result -148%: other schema
Structure
- Parent
- Haco · 99%
- Holdings
- 1
- Mario HavegeerManaging director
- NV HacoDirector · permanent representative Francky Havegeer
Auditor: Callens Vandelanotte2025 accounts filed 26 days late6 of 15 deeds summarised
Why 61raises riskLiquidity: current ratio 4.39, cash €66,850Equity €1.5m (6.7% of total assets)Figures for financial year 2025 (filed 27-11-2025)Loss of €912,637, the second in a row (financial year 2025)Show the evidence
Checked score
Score 2025
61
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 18% of its sector peers (NACE 46, small)
Financial strength · tick = 2024
Weak
Solvency
32-27
equity 6.7% of total assets
Liquidity
43+25
short-term debt 22.2% · cash 0.3%
Profitability
14+2
return on assets -4.1%
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.6%lowest value
12-2024: 0.8%▲ +0.2 percentage points vs 11-2024
01-2025: 0.9%▲ +0.1 percentage points vs 12-2024
02-2025: 0.9%● unchanged vs 01-2025
03-2025: 0.9%● unchanged vs 02-2025
04-2025: 0.9%● unchanged vs 03-2025
05-2025: 0.8%▼ -0.1 percentage points vs 04-2025
06-2025: 0.8%● unchanged vs 05-2025
07-2025: 0.8%● unchanged vs 06-2025
08-2025: 0.8%● unchanged vs 07-2025
09-2025: 0.8%● unchanged vs 08-2025
10-2025: 0.9%▲ +0.1 percentage points vs 09-2025
11-2025: 1.3%▲ +0.4 percentage points vs 10-2025
12-2025: 1.2%▼ -0.1 percentage points vs 11-2025
01-2026: 1.2%● unchanged vs 12-2025
02-2026: 1.2%● unchanged vs 01-2026
03-2026: 1.2%● unchanged vs 02-2026
04-2026: 1.2%● unchanged vs 03-2026
05-2026: 1.2%● unchanged vs 04-2026
06-2026: 1.2%● unchanged vs 05-2026
07-2026: 1.1%▼ -0.1 percentage points vs 06-2026
08-2026: 1.2%▲ +0.1 percentage points vs 07-2026
09-2026: 1.2%● unchanged vs 08-2026
10-2026: 1.6%▲ +0.4 percentage points vs 09-2026highest value
Credit of up to €85,000 on 30-day terms is acceptable
Liquidity ample (current ratio 4.39, compared with 1.39 in 2024, above the usual 1.5; short-term debt: 22.2% and cash: 0.3% of total assets), but 93.3% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, small): better than 9% on solvency, 49% on liquidity, 9% on profitability and 6% on growth.
The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Seven signals.
raises risk
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€912,637
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 9811 sector peers (2025).
NBB · sector comparisonPosition among 9811 sector peers
Solvency
better than 16%
← weakest
strongest →
raises risk · 2025 accounts filed 26 days late
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 26-11-2025, 26 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
26 days late
2024
50 days late
2023
on the day
2022
31 days early
2021
20 days early
2020
9 days late
2019
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 5 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 31-03-2026 is due by 31-10-2026. Nothing is late today. The company usually files around 31 October (4 of the last 5 filed years within 31 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
31-03-2026 year end31-10-2026 today31-10-2026 deadline
- Reappointment: Callens Vandelanotte (statutory auditor)Gazette deed
- NameName change · Amendment of…
- NameName change · Amendment of…
Key points
- Caution: Result fell in 2025different schema filed ▼ 148% View
- Caution: Among the weakest 5% on net resultsector median €26,870 · 9,790 companies -€912,637 View
- Controlled by Haco 99% View
- Caution: 2 loss-making years in a rowloss financial year 2025 -€912,637 View
- Active since 1979founded 03-04-1979 47 years View
By topic
Board & ownership
- Board
- 2 members
- Parent
- Haco · 99%
- Auditor
- Callens Vandelanotte
- Mario HavegeerManaging director
- NV HacoDirector
Network & group
- Holdings
- 1
1 holding
Timeline
- Events
- 56
- Since
- 1980
- Next accounts
- by 31-10-2026
- 26-11-2025Annual accounts filed
- 11-08-2025Permanent representative: Francky Havegeer
- 31-03-2025Weakest financial year
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Wholesale of other machinery and equipmentNACE 46649
- Founded
- 03-04-1979
- Year ends
- 31-03
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 15
- Purpose
- “Het ontwerp,de constructie,de handel,zowel in groot als in het klein,de invoer,de…” (deed in Dutch)
Key facts about WOODMASTER.BE
- What is the company number of WOODMASTER.BE?
- 0419.355.348. In Belgium the VAT number is the company 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?
- Public limited company (NV).
- When was WOODMASTER.BE 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?
- On average 10.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of WOODMASTER.BE?
- €10.9m in financial year 2024, according to the filed annual accounts.
- 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.
- When are the next annual accounts of WOODMASTER.BE due?
- By 31-10-2026, for financial year 2026.Timeline
Companies related to WOODMASTER.BE
Parent and group
- Haco99%
Subsidiaries and holdings
- ROBOSOFT33.33%
Comparable companies
- OvobelBrugge
- FILTER - TECHNICSBeveren-Kruibeke-Zwijndrecht
- WELDA MACHINERYGent
- INTER PIPE TOOLGrimbergen
- DEXIONBrussel
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