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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Tight liquidity NBB
Cash and receivables cover 26 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 33.1 to 29.3.
Financials
Financial year 2025
CARPENTIER HARDWOOD SOLUTIONS from Tielt, company number BE0436912051, closed financial year 2025 with a result of € -570,703 after tax. For that financial year CARPENTIER HARDWOOD SOLUTIONS recorded revenue of € 14 million and equity of € 6 million. Compared with financial year 2024, the result moved from € -447,818 to € -570,703. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on January 12, 2026.
€ 6 million
▼ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -570,703
▼ 27 % more loss than in 2024
Profit after tax over the fiscal year.
€ 525,667
▲ 103% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 2.5 million.
People and assets in 2025
29.3
▼ 2.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.1 million
▼ 8% vs 2024
€ 70,400 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.
€ 1.5 million
▲ 38% vs 2024
Of which on lease € 1.4 million.
Debts at end 2025
€ 10.7 million
▲ 11% vs 2024
€ 1.2 million is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 1.8 million
▲ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 58 days on average.
€ 469,688
▲ 35% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 17,105,838 | € 16,734,173 | € 14,422,040 | € 13,969,980 | ▼ 3% |
| Profit after taxes | € 1,161,566 | € 456,412 | € -447,818 | € -570,703 | ▼ € 122,885 |
| Equity | € 5,509,456 | € 5,765,868 | € 6,602,050 | € 6,031,348 | ▼ 9% |
| Total debts | € 6,829,247 | € 7,488,123 | € 13,094,447 | € 13,582,940 | ▲ 4% |
| Cash | € 706,563 | € 100,950 | € 259,234 | € 525,667 | ▲ 103% |
| Land & buildings | € 2,644,571 | € 3,049,217 | € 10,109,166 | € 9,701,623 | ▼ 4% |
| Retained profit | € 3,261,681 | € 3,518,093 | € 3,070,275 | € 2,499,572 | ▼ 19% |
| Dividend | € 400,000 | € 200,000 | € 0 | € 0 | |
| Bank debt | € 2,533,893 | € 4,030,917 | € 9,589,677 | € 10,682,634 | ▲ 11% |
| Balance sheet total | € 12,338,703 | € 13,253,991 | € 19,696,497 | € 19,614,287 | |
| Employees (FTE) | 25.8 | 33.1 | 31.7 | 29.3 | ▼ 2.4 |
Key figures of CARPENTIER HARDWOOD SOLUTIONS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to CARPENTIER HARDWOOD SOLUTIONS?
What happened at CARPENTIER HARDWOOD SOLUTIONS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- ARALLE BV stepped down as director. NBB
- CARPENTIER INVEST BV stepped down as director. NBB
- CARPI BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 570,703. Source: NBB ↗
- ARALLE BV became a director. NBB
- CARPENTIER INVEST BV became a director. NBB
- CARPI BV became a director. NBB
- New establishment in Tielt. KBO
In short
From € 1.2 million profit in 2022 to € 570,703 loss in 2025.
Paid € 149,917 in corporate taxes since 2022.
Best year ever: 2022, with € 1.2 million profit.
Paid out € 600,000 in dividends to the owners in total.
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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
The stake of CARPENTIER INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
CARPENTIER HARDWOOD SOLUTIONSThe shares are held by CARPENTIER INVEST (100%).
Directors
According to the 2025 annual accounts
Managing director · represented by STEFAN VANDER STICHELE
Also active at: CARPENTIER INVEST
since 2023 · until 2029
Director · represented by HEIDI CARPENTIER
since 2023 · until 2029
Managing director · represented by KRISTOF CARPENTIER
Also active at: CARPENTIER ACRES, Toho Invest, Toho Estate, CARPENTIER INVEST, CARPENTIER WOODBUILDING
since 2023 · until 2029
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Abeeldreef 15
8760 Tielt
Nijverheidsstraat 11
8760 Tielt
Active since 30 November 2023
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0436.912.051
- VAT number
- BE 0436.912.051
- Registered office
- Abeeldreef 15, 8760 Tielt
- Names & denominations
- CARPENTIER HARDWOOD SOLUTIONS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 6 March 1989
- Peppol
- Active · Active since 19 Nov 2025
- Activities · NACE
Zagen en schaven van hout
Groothandel in hout
Vervaardiging van ander schrijn- en timmerwerk