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Resuwood

Active
Public limited companyfounded 20223 yrs activeSchoendalestraat 306, 8792 Waregem, BelgiumKBO/BCE: BE 0794.317.261
Summary

The computed 12-month bankruptcy probability of Resuwood is 3.0% (moderate). The 2025 annual accounts show negative equity (-€715,566) and a net result of -€3.3m. Equity is shrinking by ~57.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 298 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
ResuwoodActiveChecked score 48/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
NACE 16210
1 site
Size
€4.3mtotal assets 2025
Staff
3 FTE
Equity
-€715,566
Loss
-€3.3m
Turnover not published (abridged schema)
Financial health
48 Fair Checked score 2025
Bankruptcy chance 12 m
3.0%
Structure
Board
7 members
Accounts 81 d early
Why 48- Liquidity: current ratio 0.25, cash €8,439, halved- Loss of €3.3m, the second in a row (FY 2025)- Negative equity -€715,566+ Founded in 2022Show the evidence

Checked score

Score 2025
48 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 6% of its sector peers (NACE 16, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 8-30
equity -16.8% of total assets
Liquidity 16-13
short-term debt 65.5% · cash 0.2%
Profitability 0=
return on assets -78.3%
Bankruptcy probability, 12 months
3.0% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (1,026 companies)
Last 23 months 12-2024: 3.4% 01-2025: 3.4%● 0.0% vs 12-2024 02-2025: 3.4%● 0.0% vs 01-2025 03-2025: 3.4%▼ -0.1% vs 02-2025 04-2025: 4.2%▲ +23.3% vs 03-2025 05-2025: 4.5%▲ +7.0% vs 04-2025 06-2025: 5.5%▲ +21.7% vs 05-2025highest value 07-2025: 4.4%▼ -18.8% vs 06-2025 08-2025: 4.2%▼ -5.7% vs 07-2025 09-2025: 2.5%▼ -40.5% vs 08-2025lowest value 10-2025: 2.5%● 0.0% vs 09-2025lowest value 11-2025: 2.5%● 0.0% vs 10-2025lowest value 12-2025: 2.5%● 0.0% vs 11-2025lowest value 01-2026: 2.5%▲ +0.2% vs 12-2025 02-2026: 2.5%● 0.0% vs 01-2026 03-2026: 2.5%▲ +1.1% vs 02-2026 04-2026: 2.7%▲ +6.1% vs 03-2026 05-2026: 2.7%▲ +0.5% vs 04-2026 06-2026: 3.2%▲ +20.8% vs 05-2026 07-2026: 3.2%● 0.0% vs 06-2026 08-2026: 3.0%▼ -8.6% vs 07-2026 09-2026: 3.0%● 0.0% vs 08-2026 10-2026: 3.0%● 0.0% vs 09-2026
  • Liquidity: current ratio 0.25, cash €8,439, halved raises the probability
  • Founded in 2022 lowers the probability for this profile
  • Loss of €3.3m, the second in a row (FY 2025) raises the probability
  • Negative equity -€715,566 raises the probability
No credit on open account
Liquidity short (current ratio 0.25 against 0.7 in 2024; short-term debt: 65.5% and cash: 0.2% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 16, micro). Better than this share of them on solvency 9%, liquidity 10%, profitability 4%, growth against the median 2%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 0.25, cash €8,439, halved
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Founded in 2022
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Loss of €3.3m, the second in a row (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Negative equity -€715,566
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
232425
2023 to 2025 · latest year -€715,566
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 11-05-2026, 81 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
81 d early
2024
44 d early
2023
14 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 46 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 17 June (3 of the last 3 filed years within 37 days of that day).
Companies Code · seven months
Position in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Resignations: Paul Smith, Rudy De Hainaut…Appointments: DHRB BV (director) and…
  2. Annual accounts filedfiscal year 2025 · abbreviated…
  3. Weakest financial yearnet -€3.3m

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€715,566 View
  • Risk: 3 loss-making years in a rowloss fiscal year 2025 -€3.3m View
  • Caution: Among the weakest 5% on net resultsector median €26,376 · 298 companies -€3.3m View
  • Board changedlatest change 11-05-2026 · 7 in office 2 joined · 3 left View

By topic

Financials

Fiscal year
2025
Total assets
€4.3m
Loss
-€3.3m
Solvency
-16.8%
Total assets▼ 27.5%
Net result
20232025
Go to Financials

Timeline

Events
14
Since
2022
Next accounts
by 31-07-2027
  1. 11-05-2026Resignations: Paul Smith, Rudy De Hainaut and…
  2. 11-05-2026Annual accounts filed
  3. 31-12-2025Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of wood and of products of wood…NACE 16210
Founded
01-12-2022
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
2
Purpose
Het produceren, verwerken, verkopen van innovatieve houtoplossingen in de ruimste zin en…
Go to Articles of association

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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies How does this company compare with its sector?Sector benchmark

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