Equity
€152,531 ▲ 53.3%
WOODMASTERS has made a profit without a break since 2014.
WOODMASTERS
Lifetime
16 annual accounts with figures on one time axispeak €91,230 (2025)
€91,230▲ 53.8%
lowest -€27,709 (2012)
€53,010▲ 56.6%
peak €152,531 (2025)
€152,531▲ 53.3%
€31,150▼ 9.8%
peak 0 FTE (2013)
-not published
Board3 names since 2009
1 director
Documentsfilings and deeds
30-06-202631 days before the deadline
2025micro format
Gross margin from €59,314 to €91,230Result from €33,843 to €53,010Equity from €99,521 to €152,531Investments €40,444Cash from €56,438 to €103,343
Key points
from the 2025 annual accountsTurnover
≈ €370,000 estimated
The accounts state no turnover.
Investments
€40,344 3.5 × depreciation
Green is investment, beige is depreciation. Machinery stands 1927.1% higher than in 2024.
Liquidity
7.50 was 3.53 in 2024
Short-term debts fell from €34,518 to €19,049.
Filings
16 annual accounts since 2010
The last five annual accounts were filed 15 to 32 days before the end of the period.
Position in the sector
83.0%
Higher solvency than 87% of companies in specialised construction. Sector median 46.9% · 37,177 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 34,691 companies had the same profile as WOODMASTERS has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
Test of the method
The method was tested on the 497,331 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 34,691 companies, not a prediction for WOODMASTERS. 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
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0819953767
Company renamed from CULAN to WOODMASTERS
General meeting of 17-07-2023 · Gazette deed
1 director appointed, 2 managers resigning
Resignations: (manager) and (manager) · Appointment: (director) · “Algemene bouwonderneming,inhoudende:het optrekken van gebouwen en onder de kap brengen alsmede de coördinatie…” (deed in Dutch) · General meeting of 10-06-2021 · Gazette deed
Incorporation
published on 26-10-2009 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| WOODMASTERS Peer | €183,681 | €91,230 | 83.0% | - |
| M&X CONSTRUCT Pelt | €192,493 | €80,351 | 31.2% | - |
| HK KEUKEN DESIGN Lanaken | €198,361 | €108,467 | 43.0% | - |
| DANNY DUQUE TOTAALINTERIEUR Maasmechelen | €155,802 | €102,096 | 65.9% | - |
| RP PRODUCTS Heusden-Zolder | €181,352 | €74,522 | 34.2% | - |
| GOREZ Fabrice Mons | €186,113 | €89,614 | 43.5% | - |
| FERRONNERIE AMATO Molenbeek-Saint-Jean | €178,329 | €92,551 | 88.2% | - |
These companies have the same main activity as WOODMASTERS: joinery installation (NACE 43320). They are comparable in size and age: total assets between €156,000 and €198,000, founded between 2008 and 2010.
Official details
Source: KBO- Status
- Active since 22-10-2009Normal situation
- Activity
- Joinery installationNACE 43320and 4 others
- Establishment unit
- 2.182.421.9053990 Peer, since 22-10-2009
- Financial year end
- 31 December
- Peppol
- Reachable since 12-11-2025
Annual accounts 2025
- €183,681▲ 37.0%
- Filing
- Filed on 30-06-2026, 31 days before the end of the filing period
Insights on WOODMASTERS
WOODMASTERS files the micro format. That format states no turnover. The gross margin rose from €3,959 in 2010 to €91,230 in 2025.
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 WOODMASTERS
- What is the company number of WOODMASTERS?
- The company number of WOODMASTERS is 0819.953.767. The VAT number is the same number with BE in front: BE 0819.953.767.
- Where is WOODMASTERS based?
- The registered office is at Reppelerweg 15, 3990 Peer.Company details
- What does WOODMASTERS do?
- According to the KBO register, the main activity is joinery installation (NACE 43320).
- What is the legal form of WOODMASTERS?
- WOODMASTERS is a private limited company (BV).
- When was WOODMASTERS founded?
- WOODMASTERS was founded on 22-10-2009.
- Is WOODMASTERS still active?
- Yes, WOODMASTERS is an active enterprise in the KBO register.
- What is the turnover of WOODMASTERS?
- The turnover in financial year 2025 is ≈ €370,000. This figure is estimated from the gross margin of €91,230 and 39 comparable companies (NACE 43320). It probably lies between €270,000 and €570,000.Financials
- Is WOODMASTERS profitable?
- In financial year 2025, WOODMASTERS made a profit of €53,010.
- Where can I find the annual accounts of WOODMASTERS?
- WOODMASTERS filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of WOODMASTERS due?
- WOODMASTERS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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