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 %.
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 7, 2026.
€ -47,457
▼ € 321,898 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -321,898
▲ 35 % less loss than in 2024
Profit after tax over the fiscal year.
€ 110,645
▼ 31% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -5.4 million.
People and assets in 2025
42.2
▼ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 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.
€ 95,187
▼ 41% vs 2024
Of which on lease € 88,844.
Debts at end 2025
€ 1.4 million
▼ 1% vs 2024
€ 56,335 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 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.
€ 1.1 million
▲ 43% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 7,332,948 | € 6,269,506 | € 7,726,987 | € 7,683,161 | ▼ 1% |
| Profit after taxes | € -1,616,342 | € -1,196,081 | € -498,153 | € -321,898 | ▲ € 176,255 |
| Equity | € 968,675 | € -227,407 | € 274,440 | € -47,457 | ▼ € 321,898 |
| Total debts | € 7,667,622 | € 9,322,151 | € 10,331,219 | € 10,960,704 | ▲ 6% |
| Cash | € 25,782 | € 97,915 | € 160,137 | € 110,645 | ▼ 31% |
| Retained profit | € -3,409,475 | € -4,605,556 | € -5,103,709 | € -5,425,606 | ▼ € 321,898 |
| Bank debt | € 1,338,319 | € 1,302,959 | € 1,397,210 | € 1,379,663 | ▼ 1% |
| Balance sheet total | € 8,999,729 | € 9,491,621 | € 11,005,835 | € 11,251,474 | ▲ 2% |
| Employees (FTE) | 43.2 | 43.3 | 42.6 | 42.2 | ▼ 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:
- New annual accounts for financial year 2025: loss of € 321,898. filed late Source: NBB ↗
- New establishment in Lokeren. KBO
- Start of the company according to the CBE. 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.
A new publication or filing at ENGELS WOOD FACTORY? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind ENGELS WOOD FACTORY is Cédric Engels. Cédric Engels is also behind IMMO - 47, EDMOND, Sonhouse Flanders, Avista Aluminium and COCOCINEL.
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
Establishments
Establishment units
Physical locations of this company
Gentse Steenweg 136
9160 Lokeren
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
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€ 233,057 gross margin · 2025
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+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
+4