WOODPROD
InactiveWOODPROD was declared bankrupt on 13-03-2023 (Tribunal de l’entreprise du Hainaut, division Charleroi); the bankruptcy was closed by liquidation by judgment of 02-06-2025, published in the Belgian State Gazette on 11-06-2025.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 7 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline29-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 05-07-2022, 26 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
26 d early
2020
58 d late
2019
6 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 13 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2021, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€70,153▲ 16.9%
2020 · -€84,444
Working capital
-€150,178▼ 94.3%
2020 · -€77,296
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result€16,744-€3,311▼ 80.2%-€81,001-€52,766▲ 34.9%
Net result€11,437-€1,466▼ 87.2%-€84,444-€70,153▲ 16.9%
Equity€15,322-€16,788▲ 9.6%-€67,656-€137,809▼ 104%
Total assets€152,452-€239,924▲ 57.4%€128,594▼ 46.4%€181,378▲ 41.0%
Debt€137,130-€223,136▲ 62.7%€196,250▼ 12.0%€319,187▲ 62.6%
Working capital€5,896-€28,318▲ 380%-€77,296-€150,178▼ 94.3%
Staff (FTE)1.9-1.9=1.9=1.5▼ 21.1%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €52,766 in 2021 against €81,001 in 2020; the loss shrinks.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €181,378
Fixed assets
€12,369 ▲ 28.3%
Current assets
€169,009 ▲ 42.1%
Key figures and ratios
EBITDA
-€49,767▲
2020 · -€72,360
Cash flow
-€67,154▲
2020 · -€75,803
Solvency
-76.0%▼
2020 · -52.6%
Current ratio
0.53▼
2020 · 0.61
Quick ratio
0.47▼
2020 · 0.51
Debt to equity
-2.32
ROA
-38.7%▲
2020 · -65.7%
Interest coverage
-2.84
Debt ≤ 1 year
€319,187▲
2020 · €196,250
Income taxes
€2▲
2020 · -€2
Staff costs
€61,907
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €61,907 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,590 | €9,661 | €8,641 | €2,999 | ▼ 65.3% |
| Other operating charges640/8 | - | - | - | €1,860 | - |
| Gross operating margin9900 | €100,081 | €91,445 | €24,101 | €14,000 | ▼ 41.9% |
| Operating profit (loss)9901 | €16,744 | €3,311 | -€81,001 | -€52,766 | ▲ 34.9% |
| Financial income75/76B | - | - | - | €143 | - |
| Recurring financial income75 | €106 | €180 | €85 | €143 | ▲ 68.2% |
| Financial charges65/66B | - | - | - | €17,528 | - |
| Recurring financial charges65 | €1,736 | €1,433 | €3,530 | €17,528 | ▲ 397% |
| Profit (loss) for the period before taxes9903 | €15,114 | €2,058 | -€84,446 | -€70,151 | ▲ 16.9% |
| Income taxes67/77 | €3,677 | €592 | -€2 | €2 | ▲ 200% |
| Profit (loss) for the period9904 | €11,437 | €1,466 | -€84,444 | -€70,153 | ▲ 16.9% |
| Profit (loss) for the period to be appropriated9905 | €11,437 | €1,466 | -€84,444 | -€70,153 | ▲ 16.9% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €152,452 | €239,924 | €128,594 | €181,378 | ▲ 41.0% |
| Fixed assets21/28 | €16,617 | €16,899 | €9,640 | €12,369 | ▲ 28.3% |
| Tangible fixed assets22/27 | €16,367 | €16,649 | €9,390 | €12,119 | ▲ 29.1% |
| Plant, machinery and equipment23 | - | - | - | €2,788 | - |
| Furniture and vehicles24 | - | - | - | €690 | - |
| Other tangible fixed assets26 | - | - | - | €8,641 | - |
| Financial fixed assets28 | €250 | €250 | €250 | €250 | = |
| Current assets29/58 | €135,835 | €223,025 | €118,954 | €169,009 | ▲ 42.1% |
| Stocks and contracts in progress3 | - | €15,975 | €19,675 | €19,675 | = |
| Stocks30/36 | - | - | - | €19,675 | - |
| Amounts receivable within one year40/41 | €129,233 | €159,931 | €86,745 | €112,520 | ▲ 29.7% |
| Trade receivables40 | - | - | - | €112,520 | - |
| Current investments50/53 | €6,283 | - | - | - | - |
| Cash at bank and in hand54/58 | - | €46,855 | €9,437 | €6,559 | ▼ 30.5% |
| Deferred charges and accrued income490/1 | - | - | - | €30,255 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €152,452 | €239,924 | €128,594 | €181,378 | ▲ 41.0% |
| Equity10/15 | €15,322 | €16,788 | -€67,656 | -€137,809 | ▼ 104% |
| Contributions10/11 | €15,322 | €16,788 | €16,788 | €16,788 | = |
| Outside capital11 | - | - | - | €16,788 | - |
| Other1109/19 | - | - | - | €16,788 | - |
| Profit (loss) carried forward14 | - | - | -€84,444 | -€154,597 | ▼ 83.1% |
| Amounts payable17/49 | €137,130 | €223,136 | €196,250 | €319,187 | ▲ 62.6% |
| Amounts payable after more than one year17 | €7,191 | €3,429 | - | - | - |
| Amounts payable within one year42/48 | €129,939 | €194,707 | €196,250 | €319,187 | ▲ 62.6% |
| Trade debts44 | €61,478 | €125,659 | €126,197 | €190,294 | ▲ 50.8% |
| Suppliers440/4 | - | - | - | €190,294 | - |
| Taxes, remuneration and social security45 | - | - | - | €48,853 | - |
| Taxes450/3 | - | - | - | €8,466 | - |
| Remuneration and social security454/9 | - | - | - | €40,387 | - |
| Other amounts payable47/48 | - | - | - | €80,040 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,437 | €1,466 | -€84,444 | -€70,153 | ▲ 16.9% |
| + Depreciation and write-downs630 | €10,590 | €9,661 | €8,641 | €2,999 | ▼ 65.3% |
| Operating cash flow (approximation) | €22,027 | €11,127 | -€75,803 | -€67,154 | ▲ 11.4% |
| Investment in fixed assets (approximation) | - | -€9,943 | -€1,382 | -€5,728 | ▼ 314% |
| Change in cash | - | - | -€37,418 | -€2,878 | ▲ 92.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
11-06
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise du Hainaut, division Charleroi · event 02-06-2025
2023
17-03
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Charleroi · event 13-03-2023
2022
11-07
Judicial reorganisation
Plan homologation
Tribunal de l’entreprise du Hainaut · event 24-06-2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
19-05
Judicial reorganisation
Extension
Tribunal de l’entreprise du Hainaut · collective agreement · event 13-05-2022
25-02
Judicial reorganisation
Opening
Tribunal de l’entreprise du Hainaut · collective agreement · event 18-02-2022
2021
27-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 58 days late
2020
31-12
Financial
Weakest financial yearnet -€84,444
Net result drops to -€84,444, the lowest in the series.
06-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 6 days late
2019
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
12-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 134 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | PIERRE-EMMANUEL CORNIL RUE DE GOZEE 137,
6110 MONTIGNY-LE-TILLEUL- .
Date provisoire de cessation de paiement : 13/03/2023 |
13-03-2023 → 02-06-2025 |