Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Woodpack from Zwalm, company number BE0447984305, closed financial year 2025 with a result of € -416,639 after tax. For that financial year Woodpack recorded a gross margin of € -52,606 and equity of € 1.7 million. Compared with financial year 2024, the result moved from € -447,800 to € -416,639. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 24, 2026.
€ 1.7 million
▼ 20% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -416,639
▲ 7 % less loss than in 2024
Profit after tax over the fiscal year.
€ 47,230
▲ 101% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.3 million.
People and assets in 2025
2.7
▼ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 206,639
▼ 10% vs 2024
€ 76,500 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.
€ 50,733
▼ 22% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 509,213
▼ 8% vs 2024
€ 31,177 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 282,055
▲ 80% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 33,964
▼ 32% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 241,225 | € 133,634 | € -46,264 | € -52,606 | ▼ € 6,342 |
| Profit after taxes | € -111,816 | € -242,904 | € -447,800 | € -416,639 | ▲ € 31,161 |
| Equity | € 2,823,123 | € 2,580,219 | € 2,132,419 | € 1,715,780 | ▼ 20% |
| Total debts | € 2,532,882 | € 2,670,684 | € 2,630,059 | € 2,739,659 | ▲ 4% |
| Cash | € 29,246 | € 36,109 | € 23,469 | € 47,230 | ▲ 101% |
| Land & buildings | € 380,981 | € 326,743 | € 273,028 | € 218,314 | ▼ 20% |
| Retained profit | € -176,877 | € -419,781 | € -867,581 | € -1,284,220 | ▼ € 416,639 |
| Bank debt | € 657,619 | € 871,703 | € 555,190 | € 509,213 | ▼ 8% |
| Balance sheet total | € 5,356,005 | € 5,250,903 | € 4,762,478 | € 4,455,438 | ▼ 6% |
| Employees (FTE) | 3.4 | 2.9 | 3.3 | 2.7 | ▼ 0.6 |
Key figures of Woodpack, 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 Woodpack?
What happened at Woodpack in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 416,639. Source: NBB ↗
- VIVE LIVING BV became a director. NBB
- JOHAN VERNEST became a director. NBB
- ANITA CARELS became a director. NBB
- New establishment in Zwalm. KBO
- Start of the company according to the CBE. KBO
In short
From € 111,817 loss in 2022 to € 416,639 loss in 2025.
Paid € 3,806 in corporate taxes since 2022.
On average € 46,100 of value added per employee in 2023.
Management
Behind Woodpack are VIVE LIVING BV, JOHAN VERNEST and ANITA CARELS. The same people are also behind Woodinvest.
Directors
According to the 2025 annual accounts
since 2021
since 2021
since 2021
Establishments
Establishment units
Physical locations of this company
Hundelgemsebaan(Hund) 53
9630 Zwalm
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
- 0447.984.305
- VAT number
- BE 0447.984.305
- Registered office
- Hundelgemsebaan(Hund) 53, 9630 Zwalm
- Names & denominations
- Woodpack
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 July 1992
- Peppol
- Active · Active since 2 Dec 2025
- Activities · NACE
Detailhandel in huismeubilair
Overige niet-gespecialiseerde detailhandel
Overige niet-gespecialiseerde detailhandel in winkels (verkoop van overwegend niet-voedingsmiddelen met verkoopsoppervlakte van mind er dan 2.500 m2)
Detailhandel in huismeubilair in gespecialiseerde winkels
Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen niet overheersen (verkoopoppervlakte < 2500 m²)