WOODPROJECT
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
Two 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 31-12-2024, 2 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 · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline27-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 01-07-2024, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
30 d early
2022
17 d late
2021
31 d early
2020
82 d early
2019
26 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 20 days before 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)
Financials · fiscal year 2023, abbreviated schema
Equity
€734,433▲ 0.7%
2022 · €729,594
Total assets
€2.0m▼ 12.0%
2022 · €2.3m
Net result
€4,839
2022 · -€11,899
Working capital
€565,237▲ 10.6%
2022 · €511,122
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
Line20192020202120222023
Operating result€193,302▲ 26.2%€147,456▼ 23.7%€507,198▲ 244%€3,599▼ 99.3%€30,967▲ 760%
Net result€259,922▲ 141%€67,947▼ 73.9%€317,895▲ 368%-€11,899€4,839
Equity€505,651▲ 35.8%€423,598▼ 16.2%€741,493▲ 75.0%€729,594▼ 1.6%€734,433▲ 0.7%
Total assets€3.7m▲ 10.8%€3.7m▲ 1.8%€2.6m▼ 29.9%€2.3m▼ 12.1%€2.0m▼ 12.0%
Debt€3.2m▲ 10.0%€3.3m▲ 4.7%€1.9m▼ 43.3%€1.6m▼ 16.2%€1.3m▼ 17.8%
Working capital€30,358▲ 212%€5,203▼ 82.9%€687,441▲ 13,112%€511,122▼ 25.6%€565,237▲ 10.6%
Staff (FTE)17.8▼ 4.8%20.8▲ 16.9%20.6▼ 1.0%22.2▲ 7.8%11.9▼ 46.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2023; 2023 is 760% above 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €2.0m
Fixed assets
€279,024 ▼ 31.0%
Current assets
€1.8m ▼ 7.9%
Equity and liabilities €2.0m
Equity
€734,433 ▲ 0.7%
Debt
€1.3m ▼ 17.8%
Debt's share of the balance-sheet total falls from 68.4% to 63.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€126,744▲
2022 · €105,262
Cash flow
€100,615▲
2022 · €89,764
Current ratio
1.47▲
2022 · 1.37
Quick ratio
0.95▼
2022 · 0.99
Debt to equity
1.77▼
2022 · 2.17
ROE
0.7%▲
2022 · -1.6%
ROA
0.2%▲
2022 · -0.5%
Interest coverage
4.56▼
2022 · 6.31
Debt ≤ 1 year
€1.2m▼
2022 · €1.4m
Debt > 1 year
€109,828▼
2022 · €185,763
Income taxes
-€1,358▼
2022 · €2,637
Staff costs
€659,444▼
2022 · €1.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €1.1m | €1.2m | €659,444 | ▼ 44.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €141,040 | €128,490 | €83,166 | €101,663 | €95,776 | ▼ 5.8% |
| Other operating charges640/8 | - | - | €21,296 | €35,027 | €17,351 | ▼ 50.5% |
| Gross operating margin9900 | €1.2m | €1.4m | €1.7m | €1.3m | €803,540 | ▼ 39.7% |
| Operating profit (loss)9901 | €193,302 | €147,456 | €507,198 | €3,599 | €30,967 | ▲ 760% |
| Financial income75/76B | - | - | €3,626 | €3,826 | €289 | ▼ 92.4% |
| Recurring financial income75 | €3,948 | €4,932 | €3,626 | €3,826 | €289 | ▼ 92.4% |
| Financial charges65/66B | - | - | €77,486 | €16,686 | €27,775 | ▲ 66.5% |
| Recurring financial charges65 | €56,163 | €62,705 | €77,486 | €16,686 | €27,775 | ▲ 66.5% |
| Profit (loss) for the period before taxes9903 | €141,086 | €89,684 | €433,338 | -€9,262 | €3,481 | ▲ 138% |
| Income taxes67/77 | €73,039 | €21,736 | €115,444 | €2,637 | -€1,358 | ▼ 151% |
| Profit (loss) for the period9904 | €259,922 | €67,947 | €317,895 | -€11,899 | €4,839 | ▲ 141% |
| Profit (loss) for the period to be appropriated9905 | €259,922 | €67,947 | €317,895 | -€11,899 | €4,839 | ▲ 141% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.7m | €3.7m | €2.6m | €2.3m | €2.0m | ▼ 12.0% |
| Fixed assets21/28 | €2.3m | €2.2m | €264,336 | €404,235 | €279,024 | ▼ 31.0% |
| Intangible fixed assets21 | €118,750 | €98,750 | €78,750 | €92,680 | €84,615 | ▼ 8.7% |
| Tangible fixed assets22/27 | €2.2m | €2.1m | €180,586 | €306,555 | €189,409 | ▼ 38.2% |
| Land and buildings22 | - | - | €6,994 | €23,957 | €19,163 | ▼ 20.0% |
| Plant, machinery and equipment23 | - | - | €78,838 | €108,408 | €75,672 | ▼ 30.2% |
| Furniture and vehicles24 | - | - | €94,753 | €120,870 | €84,477 | ▼ 30.1% |
| Leasing and similar rights25 | - | - | - | €53,321 | €10,098 | ▼ 81.1% |
| Financial fixed assets28 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Current assets29/58 | €1.4m | €1.6m | €2.4m | €1.9m | €1.8m | ▼ 7.9% |
| Stocks and contracts in progress3 | €312,537 | €358,669 | €444,018 | €521,777 | €620,643 | ▲ 18.9% |
| Stocks30/36 | - | - | €444,018 | €521,777 | €620,643 | ▲ 18.9% |
| Amounts receivable within one year40/41 | €980,923 | €1.0m | €908,837 | €1.1m | €991,688 | ▼ 6.7% |
| Trade receivables40 | - | - | €677,319 | €685,465 | €651,439 | ▼ 5.0% |
| Other amounts receivable41 | - | - | €231,518 | €377,011 | €340,248 | ▼ 9.8% |
| Current investments50/53 | €39,732 | €0 | - | - | - | - |
| Cash at bank and in hand54/58 | €63,209 | €145,175 | €999,588 | €322,129 | €132,985 | ▼ 58.7% |
| Deferred charges and accrued income490/1 | - | - | €10,983 | €0 | €10,000 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.7m | €3.7m | €2.6m | €2.3m | €2.0m | ▼ 12.0% |
| Equity10/15 | €505,651 | €423,598 | €741,493 | €729,594 | €734,433 | ▲ 0.7% |
| Contributions10/11 | €18,600 | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €487,051 | €404,998 | €722,893 | €722,893 | €722,893 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €0 | ▼ 100% |
| Distributable reserves133 | - | - | €721,033 | €721,033 | €722,893 | ▲ 0.3% |
| Profit (loss) carried forward14 | €1,490 | - | €0 | -€11,899 | -€7,060 | ▲ 40.7% |
| Amounts payable17/49 | €3.2m | €3.3m | €1.9m | €1.6m | €1.3m | ▼ 17.8% |
| Amounts payable after more than one year17 | €1.8m | €1.8m | €210,283 | €185,763 | €109,828 | ▼ 40.9% |
| Financial debts170/4 | - | - | €210,283 | €185,763 | €109,828 | ▼ 40.9% |
| Amounts payable within one year42/48 | €1.4m | €1.6m | €1.7m | €1.4m | €1.2m | ▼ 14.7% |
| Current portion of amounts payable after more than one year42 | - | - | €68,853 | €83,174 | €72,130 | ▼ 13.3% |
| Financial debts43 | - | - | €100,000 | €180,000 | €200,000 | ▲ 11.1% |
| Credit institutions430/8 | - | - | €100,000 | €180,000 | €200,000 | ▲ 11.1% |
| Trade debts44 | €799,832 | €863,053 | €875,512 | €1.0m | €886,971 | ▼ 12.7% |
| Suppliers440/4 | - | - | €875,512 | €1.0m | €886,971 | ▼ 12.7% |
| Taxes, remuneration and social security45 | - | - | €631,622 | €106,553 | €11,543 | ▼ 89.2% |
| Taxes450/3 | - | - | €604,101 | €80,444 | €5,746 | ▼ 92.9% |
| Remuneration and social security454/9 | - | - | €27,521 | €26,110 | €5,797 | ▼ 77.8% |
| Other amounts payable47/48 | - | - | €0 | €9,436 | €19,436 | ▲ 106% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €259,922 | €67,947 | €317,895 | -€11,899 | €4,839 | ▲ 141% |
| + Depreciation and write-downs630 | €141,040 | €128,490 | €83,166 | €101,663 | €95,776 | ▼ 5.8% |
| Operating cash flow (approximation) | €400,962 | €196,437 | €401,060 | €89,764 | €100,615 | ▲ 12.1% |
| Investment in fixed assets (approximation) | - | -€34,634 | €1.8m | -€241,562 | €29,435 | ▲ 112% |
| Change in cash | - | €81,966 | €854,413 | -€677,459 | -€189,145 | ▲ 72.1% |
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
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €4,839
Net result €4,839 after one loss-making year.
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 17 days late
2022
31-12
Financial
Weakest financial yearnet -€11,899
Net result drops to -€11,899, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €317,895 ▲368%
Operating result €507,198, net result €317,895, both a record.
31-12
Financial
Equity above €500,000Eq €741,493 ▲75%
4 profitable years in a row build equity to €741,493.
10-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 26 days late
2019
31-12
Financial
Equity above €500,000Eq €505,651 ▲35.8%
2 profitable years in a row build equity to €505,651.
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Show earlier events
2017
08-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 39 days late
2016
31-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
03-03
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Owners and holdings
1 ownerChain of control
- Jema
- WOODPROJECT -DEL SOL
- WOODPROJECT
Highest known parent: Jema. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 5 entries · 84,581 EUR awarded · 84,761 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,278 EUR | 1,278 EUR |
| 2023 | 2 | 52,696 EUR | 52,876 EUR |
| 2022 | 2 | 30,607 EUR | 30,607 EUR |
Recognitions · licences · registrations
Dual-learning approval
4 endedBuitenschrijnwerker (so)
Machinaal houtbewerker duaal (so)
Medewerker hout duaal (so)
Schrijnwerker houtbouw duaal (so)