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WOODSTAR

Active
Public limited companyfounded 1983active for 42 yearsKnobbelstraat 63, 8580 Avelgem, BelgiumKBO/BCE: BE 0425.120.514
Summary

WOODSTAR has been active since 1983 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.8m and a net result of -€7,541. Equity is growing by about 5% per year across the filed financial years. Its solvency ranks better than 84% of 1,025 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow ReportCompare
WOODSTARActiveChecked score 94/100
Risk analysis ReportCompare

Overview

Activity
General construction of other non-residential buildings
NACE 41003Manufacture of other builders' carpentry and joinery NACE 16230
Largest company by total assets in Avelgem, Construction sector1 site
Size
€2.6mtotal assets 2025
Staff
14.2 FTE
Equity
€1.8m
Loss
-€7,541
Financial health
94 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Parent
IMMO WOODSTAR · 100%
2025 accounts 42 days early1 of 10 deeds summarised
Why 94raises riskSector: Construction of residential and non-residential buildings (NACE 41)lowers riskLiquidity: current ratio 4.17, cash €419,230Founded in 1983Equity €1.8m (69.5% of total assets)Show the evidence

Checked score

Score 2025
94 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 58% of its sector peers (NACE 41, small)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 95+7
equity 69.5% of total assets
Liquidity 62+3
short-term debt 22.4% · cash 15.8%
Profitability 39=
return on assets -0.3%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (911 companies, NACE 41, small)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.3%▲ +0.1 percentage points vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.4%▲ +0.1 percentage points vs 06-2025highest value 08-2025: 0.1%▼ -0.3 percentage points vs 07-2025lowest value 09-2025: 0.1%● unchanged vs 08-2025lowest value 10-2025: 0.1%● unchanged vs 09-2025lowest value 11-2025: 0.1%● unchanged vs 10-2025lowest value 12-2025: 0.1%● unchanged vs 11-2025lowest value 01-2026: 0.1%● unchanged vs 12-2025lowest value 02-2026: 0.1%● unchanged vs 01-2026lowest value 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026
Credit of up to €170,000 on 30-day terms is acceptable
Liquidity ample (current ratio 4.17, compared with 4.09 in 2024, above the usual 1.5; short-term debt: 22.4% and cash: 15.8% of total assets), and 30.5% 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 41, small): better than 88% on solvency, 82% on liquidity, 29% on profitability and 33% on growth.

The bankruptcy probability was computed on 25-10-2026 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

Five signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 4.17, cash €419,230
NBB · annual accounts
lowers risk · Founded in 1983
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Sector: Construction of residential and non-residential buildings (NACE 41)
KBO
lowers risk · Equity €1.8m (69.5% of total assets)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-06-2026, 42 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
42 days early
2024
17 days early
2023
63 days early
2022
68 days early
2021
74 days early
2020
5 days early
2019
17 days 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 41 days before the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 May (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
25-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Annual accounts filedfinancial year 2024 · abbreviated…
  3. Annual accounts filedfinancial year 2023 · abbreviated…

Key points

  • Positive: Largest company by total assets in Avelgem, Construction sectorin the Checked rankings No. 1 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Controlled by IMMO WOODSTAR 100% View

By topic

Financials

Financial year
2025
Total assets
€2.6m
Loss
-€7,541
Solvency
69.5%
Total assets▼ 10.4%
Net result
20182025
Go to Financials

Timeline

Events
46
Since
1985
Next accounts
by 31-07-2027
  1. 10-11-2023Resignations: IMMO WOODSTAR, Dries Dewaele and Iemke…
  2. 24-05-2023Annual accounts filed
  3. 31-12-2022Highest result from 2018 to 2025
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
General construction of other non-residential buildingsNACE 41003
Founded
29-12-1983
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Key facts about WOODSTAR

What is the company number of WOODSTAR?
0425.120.514. In Belgium the VAT number is the company number with BE in front: BE 0425.120.514.
Where is WOODSTAR based?
The registered office is at Knobbelstraat 63, 8580 Avelgem.Company details
What does WOODSTAR do?
According to the KBO register, the main activity is general construction of other non-residential buildings (NACE 41003).
What is the legal form of WOODSTAR?
Public limited company (NV).
When was WOODSTAR founded?
On 29-12-1983.
Is WOODSTAR still active?
Yes, WOODSTAR is an active enterprise in the KBO register.
How many employees does WOODSTAR have?
On average 14.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of WOODSTAR?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is WOODSTAR profitable?
In financial year 2025, WOODSTAR made a loss of €7,541.
Where can I find the annual accounts of WOODSTAR?
WOODSTAR filed 42 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of WOODSTAR due?
By 31-07-2027, for financial year 2026.Timeline

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