What does ENGELS WOOD FACTORY do?

ENGELS WOOD FACTORY is a joinery in Lokeren. Public Limited, started on 3 September 1977, 1 establishment.

What is the address of ENGELS WOOD FACTORY?

The registered office of ENGELS WOOD FACTORY is located at Gentse Steenweg 136, 9160 Lokeren.

Is ENGELS WOOD FACTORY still active?

Yes. According to the CBE (29 October 2026) ENGELS WOOD FACTORY is active, legal situation “Normale toestand”, started on 3 September 1977.

Is ENGELS WOOD FACTORY registered on Peppol?

Yes, ENGELS WOOD FACTORY is registered on the Peppol network with ID 0208:0417433857.

What is the enterprise number of ENGELS WOOD FACTORY?

The enterprise number of ENGELS WOOD FACTORY is BE0417433857.

When was ENGELS WOOD FACTORY founded?

ENGELS WOOD FACTORY was founded on 3 September 1977.

Who are the directors of ENGELS WOOD FACTORY?

According to the 2025 annual accounts, the directors of ENGELS WOOD FACTORY are: Cédric Engels, ENGELS B&E BV, J&M Invest NV.

Is ENGELS WOOD FACTORY a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 3 September 1977; 5 annual accounts filed, latest fiscal year 2025; 3 directors known from the annual account.

How much profit did ENGELS WOOD FACTORY make in 2025?

ENGELS WOOD FACTORY recorded a loss after taxes of € 321,898 in financial year 2025.

What is the revenue of ENGELS WOOD FACTORY?

In its most recent annual accounts (2025), ENGELS WOOD FACTORY reported revenue of € 7,683,161.

How much does an employee at ENGELS WOOD FACTORY earn?

The average wage cost per full-time employee at ENGELS WOOD FACTORY was € 61,900 in 2025: staff costs of € 2.6 million for 42.2 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does ENGELS WOOD FACTORY have?

According to the 2025 annual accounts, ENGELS WOOD FACTORY has 42.2 full-time equivalents (FTE).

ENGELS WOOD FACTORY (Public Limited) - Lokeren

Dossier ENGELS WOOD FACTORY, printed on 29 October 2026 from databakkes.be/en/0417433857/engels-wood-factory. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Negative equity NBB

More debt than assets in 2 of the last 4 fiscal years.
Two loss years in a row NBB

Negative result in 2024 and 2025.
Tight liquidity NBB

Cash and receivables cover 37 % of short-term debt in 2025; threshold 65 %.
Figures corrected NBB

Corrected annual account filed for 2025.

Financials

Financial year 2025

ENGELS WOOD FACTORY from Lokeren, company number BE0417433857, closed financial year 2025 with a result of € -321,898 after tax. For that financial year ENGELS WOOD FACTORY recorded revenue of € 7.7 million and equity of € -47,457. Compared with financial year 2024, the result moved from € -498,153 to € -321,898. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 25, 2026.

What it is worth Caution

€ -47,457

▼ € 321,898 vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -321,898

▲ 35 % less loss than in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 110,645

▼ 31% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -5.4 million.

People and assets in 2025

Full-time equivalents

42.2

▼ 0.4 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 1.6 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 2.6 million

▼ 1% vs 2024

€ 61,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 95,187

▼ 41% vs 2024

Of which on lease € 88,844.

Debts at end 2025

Bank debt ≈ 1 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 1.4 million

▼ 1% vs 2024

€ 56,335 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.

Owed to suppliers

€ 1.2 million

▲ 12% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 83 days on average.

Taxes and wages

€ 1.1 million

▲ 43% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 7,332,948 Revenue 2022: € 7,332,948 First fiscal year in the series	€ 6,269,506 Revenue 2023: € 6,269,506 ▼ 15% vs 2022 (€ 7,332,948) Unfavourable step	€ 7,726,987 Revenue 2024: € 7,726,987 ▲ 23% vs 2023 (€ 6,269,506) Favourable step	€ 7,683,161 Revenue 2025: € 7,683,161 ▼ 1% vs 2024 (€ 7,726,987) Unfavourable step	▼ 1%
Profit after taxes	€ -1,616,342 Profit after taxes 2022: € -1,616,342 First fiscal year in the series	€ -1,196,081 Profit after taxes 2023: € -1,196,081 ▲ € 420,261 vs 2022 (€ -1,616,342) Favourable step	€ -498,153 Profit after taxes 2024: € -498,153 ▲ € 697,928 vs 2023 (€ -1,196,081) Favourable step	€ -321,898 Profit after taxes 2025: € -321,898 ▲ € 176,255 vs 2024 (€ -498,153) Favourable step	▲ € 176,255
Equity	€ 968,675 Equity 2022: € 968,675 First fiscal year in the series	€ -227,407 Equity 2023: € -227,407 ▼ € 1.2 million vs 2022 (€ 968,675) Unfavourable step	€ 274,440 Equity 2024: € 274,440 ▲ € 501,847 vs 2023 (€ -227,407) Favourable step	€ -47,457 Equity 2025: € -47,457 ▼ € 321,898 vs 2024 (€ 274,440) Unfavourable step	▼ € 321,898
Total debts	€ 7,667,622 Total debts 2022: € 7,667,622 First fiscal year in the series	€ 9,322,151 Total debts 2023: € 9,322,151 ▲ 22% vs 2022 (€ 7,667,622) Unfavourable step	€ 10,331,219 Total debts 2024: € 10,331,219 ▲ 11% vs 2023 (€ 9,322,151) Unfavourable step	€ 10,960,704 Total debts 2025: € 10,960,704 ▲ 6% vs 2024 (€ 10,331,219) Unfavourable step	▲ 6%
Cash	€ 25,782 Cash 2022: € 25,782 First fiscal year in the series	€ 97,915 Cash 2023: € 97,915 ▲ 280% vs 2022 (€ 25,782) Favourable step	€ 160,137 Cash 2024: € 160,137 ▲ 64% vs 2023 (€ 97,915) Favourable step	€ 110,645 Cash 2025: € 110,645 ▼ 31% vs 2024 (€ 160,137) Unfavourable step	▼ 31%
Retained profit	€ -3,409,475 Retained profit 2022: € -3,409,475 First fiscal year in the series	€ -4,605,556 Retained profit 2023: € -4,605,556 ▼ € 1.2 million vs 2022 (€ -3,409,475) Unfavourable step	€ -5,103,709 Retained profit 2024: € -5,103,709 ▼ € 498,153 vs 2023 (€ -4,605,556) Unfavourable step	€ -5,425,606 Retained profit 2025: € -5,425,606 ▼ € 321,898 vs 2024 (€ -5,103,709) Unfavourable step	▼ € 321,898
Bank debt	€ 1,338,319 Bank debt 2022: € 1,338,319 First fiscal year in the series	€ 1,302,959 Bank debt 2023: € 1,302,959 ▼ 3% vs 2022 (€ 1,338,319) Favourable step	€ 1,397,210 Bank debt 2024: € 1,397,210 ▲ 7% vs 2023 (€ 1,302,959) Unfavourable step	€ 1,379,663 Bank debt 2025: € 1,379,663 ▼ 1% vs 2024 (€ 1,397,210) Favourable step	▼ 1%
Balance sheet total	€ 8,999,729 Balance sheet total 2022: € 8,999,729 First fiscal year in the series	€ 9,491,621 Balance sheet total 2023: € 9,491,621 ▲ 5% vs 2022 (€ 8,999,729) Unchanged	€ 11,005,835 Balance sheet total 2024: € 11,005,835 ▲ 16% vs 2023 (€ 9,491,621) Unchanged	€ 11,251,474 Balance sheet total 2025: € 11,251,474 ▲ 2% vs 2024 (€ 11,005,835) Unchanged	▲ 2%
Employees (FTE)	43.2 Employees (FTE) 2022: 43.2 First fiscal year in the series	43.3 Employees (FTE) 2023: 43.3 ▲ 0.1 vs 2022 (43.2) Unchanged	42.6 Employees (FTE) 2024: 42.6 ▼ 0.7 vs 2023 (43.3) Unchanged	42.2 Employees (FTE) 2025: 42.2 ▼ 0.4 vs 2024 (42.6) Unchanged	▼ 0.4

Key figures of ENGELS WOOD FACTORY, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.

What happened to ENGELS WOOD FACTORY?

What happened at ENGELS WOOD FACTORY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2030 ENGELS B&E BV stepped down as director. NBB
2030 J&M Invest NV stepped down as director. NBB
Sep 25, 2026 Corrected annual accounts filed for financial year 2025. filed late Source: NBB ↗
2025 Cédric Engels stepped down as director. NBB
2024 ENGELS B&E BV became a director. NBB
2024 J&M Invest NV became a director. NBB
2017 Cédric Engels became a director. NBB
Sep 30, 1977 New establishment in Lokeren. KBO

In short

From € 1.6 million loss in 2022 to € 321,898 loss in 2025.

Paid € 8,111 in corporate taxes since 2022.

Pays suppliers within 83 days on average.

Original PDFs at the National Bank ↗

Management

Directors

According to the 2025 annual accounts

Cédric Engels

Director

Also active at: IMMO - 47, EDMOND, Sonhouse Flanders, Avista Aluminium, COCOCINEL, HERMANO, THINK TOMATO, Sonhouse Wallonie +1 more

since 2017 · until 2025

ENGELS B&E BV

Director · represented by Engels Didier

Also active at: IMMO - 47, DM, Avista Aluminium, AC WINDOWS, COCOCINEL, CASTIBO, SDW Windows, EWG +3 more

since 2024 · until 2030

J&M Invest NV

Director · represented by Engels Christophe

Also active at: Avista Aluminium, AC WINDOWS, COCOCINEL, EWG, ENGELS, EOS

since 2024 · until 2030

Establishments

Establishment units

Physical locations of this company

Registered office

Gentse Steenweg 136

9160 Lokeren

2.128.588.883

Gentse Steenweg 120

9160 Lokeren

Active since 30 September 1977

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.

All companies at this address →

IMMO - 47 same network

€ 427,563 gross margin · 2025

DM same network

€ -8,788 gross margin · 2025

ENGELS GROEP

Peppy

€ 233,057 gross margin · 2025

SDW Windows same network

€ -6,116 gross margin · 2025

+4 more

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0417.433.857

VAT number

BE 0417.433.857

Registered office

Gentse Steenweg 136, 9160 Lokeren

Names & denominations

ENGELS WOOD FACTORY · EWF

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

3 September 1977

Peppol

Active · Active since 27 Mar 2026

Activities · NACE

Vervaardiging van houten deuren en vensters

Vervaardiging van schrijn- en timmerwerk

Vervaardiging van ander schrijn- en timmerwerk

Zagen en schaven van hout

Groothandel in hout

Schrijnwerk

Detailhandel in verlichtingsartikelen

Groothandel in ijzerwaren

View on CBE Public ↗ Annual accounts (NBB) ↗

ENGELS WOOD FACTORY