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 2023 and 2025.
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Tight liquidity NBB
Cash and receivables cover 29 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 32 to 23.8.
Financials
Financial year 2025
IDE Woods from Zulte, company number BE0457310260, closed financial year 2025 with a result of € -3.5 million after tax. For that financial year IDE Woods recorded revenue of € 27.5 million and equity of € 5 million. Compared with financial year 2023, the result moved from € -3.3 million to € -3.5 million. 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 May 29, 2026.
€ 5 million
▼ 42% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3.5 million
▼ 5 % more loss than in 2023
Profit after tax over the fiscal year.
€ 183,881
▲ 158% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 1 million.
People and assets in 2025
23.8
▼ 6.6 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 2.8 million
▲ 53% vs 2023
€ 118,100 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.
€ 3.2 million
▼ 36% vs 2023
Of which on lease € 3.2 million.
Debts at end 2025
€ 7.7 million
▲ 1% vs 2023
€ 1.1 million is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 2.6 million
▲ 299% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 37 days on average.
€ 447,205
▲ 84% vs 2023
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2025 | Change 2023 → 2025 | |
|---|---|---|---|---|
| Revenue | € 20,537,652 | € 13,963,071 | € 27,505,849 | ▲ 97% |
| Profit after taxes | € 866,580 | € -3,325,405 | € -3,493,041 | ▼ € 167,636 |
| Equity | € 12,025,168 | € 8,628,953 | € 5,011,993 | ▼ 42% |
| Total debts | € 9,108,956 | € 9,103,302 | € 11,841,706 | ▲ 30% |
| Cash | € 313,523 | € 71,165 | € 183,881 | ▲ 158% |
| Land & buildings | € 2,311,358 | € 2,443,180 | € 1,776,079 | ▼ 27% |
| Retained profit | € 7,824,946 | € 4,499,541 | € 1,006,499 | ▼ 78% |
| Bank debt | € 6,899,189 | € 7,582,363 | € 7,655,442 | ▲ 1% |
| Balance sheet total | € 21,349,889 | € 17,988,229 | € 17,000,038 | ▼ 5% |
| Employees (FTE) | 32 | 30.4 | 23.8 | ▼ 6.6 |
Key figures of IDE Woods, 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 April 2027.
What happened to IDE Woods?
What happened at IDE Woods in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 3.5 million. filed late Source: NBB ↗
- Peter Ide became a director. NBB
- Luc Grauwet BV became a director. NBB
- New establishment in Spiere-Helkijn. KBO
- New establishment in Zulte. KBO
- Start of the company according to the CBE. KBO
In short
From € 866,580 profit in 2022 to € 3.5 million loss in 2025.
Paid € 5,179 in corporate taxes since 2022.
Best year ever: 2022, with € 866,580 profit.
Pays suppliers within 37 days on average.
Management
The stake of IDE Group comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
IDE WoodsBehind IDE Woods are Peter Ide and Luc Grauwet BV. The shares are held by IDE Group (100%).
Directors
According to the 2025 annual accounts
Director · represented by Luc Grauwet
Also active at: FINIMMO 9600, FINIMMO 8900, IDE Group, SOLID, PGS RDB Pallets, 5G Multimodal, Green Nature Energy, NoTech Belgium +10 more
since 2023
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Karreweg 42
9870 Zulte
Industriepark 8
8587 Spiere-Helkijn
Active since 1 January 2018
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0457.310.260
- VAT number
- BE 0457.310.260
- Registered office
- Karreweg 42, 9870 Zulte
- Names & denominations
- IDE Woods
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 August 1995
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Zagen en schaven van hout
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Groothandel in hout
Vervaardiging van fineer en van panelen op basis van hout