Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Shrinking team NBB
FTE fell two years in a row, from 12.5 to 10.7.
Financials
Financial year 2025
WOODMASTER.BE from Wingene, company number BE0419355348, closed financial year 2025 with a result of € -912,637 after tax. For that financial year WOODMASTER.BE recorded a gross margin of € 256,705 and equity of € 1.5 million. Compared with financial year 2024, the result moved from € -368,453 to € -912,637. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on November 26, 2025.
€ 1.5 million
▼ 38% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -912,637
▼ 148 % more loss than in 2024
Profit after tax over the fiscal year.
€ 66,850
▼ 45% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 1.2 million.
People and assets in 2025
10.7
▼ 1.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1 million
▼ 9% vs 2024
€ 96,700 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.
€ 83,885
▼ 30% vs 2024
Of which on lease € 37,881.
Debts at end 2025
€ 1.6 million
▲ 58% vs 2024
€ 27,323 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 1.3 million
▼ 22% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 206,915
▼ 13% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 16,172,811 | € 16,818,991 | € 10,873,043 | - | |
| Gross margin | - | - | - | € 256,705 | |
| Profit after taxes | € 310,445 | € 110,171 | € -368,453 | € -912,637 | ▼ € 544,184 |
| Equity | € 2,636,221 | € 2,746,392 | € 2,377,939 | € 1,465,303 | ▼ 38% |
| Total debts | € 7,051,811 | € 5,638,666 | € 4,598,433 | € 20,537,098 | ▲ € 15.9 million |
| Cash | € 654,573 | € 580,535 | € 120,563 | € 66,850 | ▼ 45% |
| Land & buildings | € 167,005 | € 162,785 | € 240,181 | € 265,708 | ▲ 11% |
| Retained profit | € 2,388,327 | € 2,498,498 | € 2,130,046 | € 1,217,409 | ▼ 43% |
| Bank debt | € 362,553 | € 558,671 | € 996,141 | € 1,574,178 | ▲ 58% |
| Balance sheet total | € 9,688,032 | € 8,385,057 | € 6,976,372 | € 22,002,401 | ▲ 215% |
| Employees (FTE) | 15.1 | 12.5 | 11.9 | 10.7 | ▼ 1.2 |
Key figures of WOODMASTER.BE, 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 October 2026.
What happened to WOODMASTER.BE?
What happened at WOODMASTER.BE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Mario Havegeer stepped down as director. NBB
- Haco NV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 912,637. filed late Source: NBB ↗
- Mario Havegeer became a director. NBB
- Haco NV became a director. NBB
- New establishment in Ardooie. KBO
- Start of the company according to the CBE. KBO
In short
From € 310,445 profit in 2022 to € 912,637 loss in 2025.
Paid € 135,921 in corporate taxes since 2022.
Best year ever: 2022, with € 310,445 profit.
On average € 24,000 of value added per employee in 2025.
Management
The stake of Haco comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
WOODMASTER.BEThe shares are held by Haco (99%).
Directors
According to the 2025 annual accounts
Mario Havegeer
Managing director
Also active at: HEMAG, KIMAC, H&D, SIMA, F.M.K., TOOLMAX, ALFA-INVEST, MUBEA SYSTEMS
since 2025 · until 2031
Director · represented by Francky HAVEGEER
Also active at: ROBOSOFT, EUROPEAN LASER APPLICATIONS SYSTEMS
since 2025 · until 2031
Shareholders
99%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Akkerstraat 9
8750 Wingene
Hogeschuurstraat 2
8850 Ardooie
Active since 3 April 1979
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0419.355.348
- VAT number
- BE 0419.355.348
- Registered office
- Akkerstraat 9, 8750 Wingene
- Names & denominations
- WOODMASTER.BE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 3 April 1979
- Peppol
- Active · Active since 7 Dec 2025
- Activities · NACE
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