OAK WOOD PROJECTS
ActiveOAK WOOD PROJECTS has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €444k and a net result of €62k. Equity is growing by ~17.5% per year across the filed fiscal years. Its solvency ranks better than 87% of 7447 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
84
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability82▲+13
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 3.07 against 2.67 in 2023; short-term debt: 18.4% and cash: 35.1% of total assets), and 22.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
77.8%
Return on assets
10.9%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-06-2025, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
42 d early
2022
33 d early
2021
52 d early
2020
32 d early
2019
39 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€444k▲ 16.0%
2023 · €383k
2018: €177k
2019: €182k
2020: €245k
2021: €272k
2022: €382k
2023: €383k
2018 → 2024
Total assets
€571k▲ 15.4%
2023 · €494k
2018: €411k
2019: €429k
2020: €510k
2021: €531k
2022: €587k
2023: €494k
2018 → 2024
Net result
€62k▲ 3,397%
2023 · €2k
2018: €115k
2019: €5k
2020: €63k
2021: €27k
2022: €111k
2023: €2k
2018 → 2024
Working capital
€217k▲ 32.0%
2023 · €165k
2018: €50k
2019: €88k
2020: €105k
2021: €73k
2022: €139k
2023: €165k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€245k-€272k▲ 10.8%€382k▲ 40.6%€383k▲ 0.3%€444k▲ 16.0%
Operating result€84k-€39k▼ 53.3%€148k▲ 277%€8k▼ 94.4%€81k▲ 875%
Net result€63k-€27k▼ 56.6%€111k▲ 308%€2k▼ 98.4%€62k▲ 3,397%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 875% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €571k
Fixed assets
€248k▲ 7.4%
Current assets
€322k▲ 22.4%
Equity and liabilities €571k
Equity
€444k▲ 16.0%
Debt
€127k▲ 13.5%
The debt ratio falls from 22.6% to 22.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€129k▲
2023 · €66k
Cash flow
€110k▲
2023 · €59k
Solvency
77.8%▲
2023 · 77.4%
Current ratio
3.07▲
2023 · 2.67
Quick ratio
2.74▲
2023 · 2.34
Debt / equity
0.29▼
2023 · 0.29
ROE
14.0%▲
2023 · 0.5%
ROA
10.9%▲
2023 · 0.4%
Interest coverage
49.12▲
2023 · 24.14
Debt
€127k▲
2023 · €112k
Debt ≤ 1 year
€105k▲
2023 · €99k
Debt > 1 year
€22k▲
2023 · €13k
Income taxes
€17k▲
2023 · €4k
Staff costs
€157k▲
2023 · €122k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€494k€571k▲
Fixed assets21/28€231k€248k▲
Tangible fixed assets22/27€231k€248k▲
Land and buildings22€131k€120k▼
Plant, machinery and equipment23€15k€8k▼
Furniture and vehicles24€86k€121k▲
Current assets29/58€263k€322k▲
Stocks and contracts in progress3€32k€35k▲
Stocks30/36€32k€35k▲
Amounts receivable within one year40/41€62k€83k▲
Trade receivables40€62k€70k▲
Other amounts receivable41-€13k
Cash at bank and in hand54/58€164k€200k▲
Deferred charges and accrued income490/1€6k€5k▼
Equity and liabilities
Total equity and liabilities10/49€494k€571k▲
Equity10/15€383k€444k▲
Contributions10/11€20k€20k=
Reserves13€363k€424k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€361k€422k▲
Amounts payable17/49€112k€127k▲
Amounts payable after more than one year17€13k€22k▲
Financial debts170/4€13k€22k▲
Amounts payable within one year42/48€99k€105k▲
Current portion of amounts payable after more than one year42€27k€26k▼
Trade debts44€15k€67k▲
Suppliers440/4€15k€67k▲
Taxes, remuneration and social security45€23k€11k▼
Taxes450/3€23k€11k▼
Remuneration and social security454/9-€51
Other amounts payable47/48€33k€1k▼
Income statement
Code20232024
Remuneration, social security and pensions62€122k€157k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€57k€48k▼
Other operating charges640/8€3k€3k▼
Non-recurring operating charges66A€18k€2k▼
Gross operating margin9900€209k€291k▲
Operating profit (loss)9901€8k€81k▲
Financial income75/76B€608€1k▲
Recurring financial income75€608€1k▲
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€6k€79k▲
Income taxes67/77€4k€17k▲
Profit (loss) for the period9904€2k€62k▲
Profit (loss) for the period to be appropriated9905€2k€62k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2k€62k▲
Transfer to equity691/2€972€61k▲
To the legal reserve6920€972-
To other reserves6921-€61k
Profit to be distributed694/7€800€833▲
Return on contributions (dividend)694€800€833▲
Social balance
Average headcount (FTE)90872.02.0=
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €2k ▼98.4%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €200kEq €245k ▲34.5%
3 profitable years in a row build equity to €245k.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
27-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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
Registered office, Waregem · 1 establishment unit since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Nokerseweg 658790 WaregemGround area
1,443 m²
Building footprint
257 m²
Volume, LiDAR
608 m³
2 parcels, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
OAK WOOD PROJECTS
since 20112.203.504.557
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34452A0714/00M000 | Flanders | 909 m² | 1 · 166 m² | 0.2 m |
| 34452B0330/00H002 | Flanders | 533 m² | 1 · 90 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Schillemans Parket
BE 0885.273.072
Zoersel · Eq €442k
BC-PLAFONNAGE
BE 0819.867.754
Anderlecht · Eq €447k
SMIT BEDRIJFSVLOEREN
BE 0880.888.573
Bilzen-Hoeselt · Eq €439k
PARKET SEYE
BE 0889.788.720
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DECORATION DU BAILLI
BE 0432.233.780
Elsene · Eq €425k
Of 746 companies in sector 43332 we hold annual accounts for 411. 302 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-10-2011
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43332Laying of wooden floor and wall coverings
43211General electrical installation work
43320Joinery installation
43990Other specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.oakwoodprojects.be
E-mail:info@oakwoodprojects.be