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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Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
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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 12 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 5.8 to 3.9.
Financials
Financial year 2025
NWOOD from Mouscron, company number BE0702843192, closed financial year 2025 with a result of € -196,092 after tax. For that financial year NWOOD recorded a gross margin of € 121,581 and equity of € -453,396. Compared with financial year 2024, the result moved from € -194,945 to € -196,092. 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 July 6, 2026.
€ -453,396
▼ € 196,092 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -196,092
▼ 1 % more loss than in 2024
Profit after tax over the fiscal year.
€ 38,614
▲ 81% vs 2024
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
3.9
▼ 1.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 168,372
▼ 18% vs 2024
€ 43,200 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.
€ 263,382
▼ 33% vs 2024
Of which on lease € 262,808.
Debts at end 2025
€ 382,687
▼ 26% vs 2024
€ 134,138 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 92,676
▼ 42% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 25,507
▲ 27% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 305,523 | € 65,981 | € 216,564 | € 121,581 | ▼ 44% |
| Profit after taxes | € -58,806 | € -368,976 | € -194,945 | € -196,092 | ▼ € 1,147 |
| Equity | € 149,668 | € -28,036 | € -257,304 | € -453,396 | ▼ € 196,092 |
| Total debts | € 1,087,186 | € 816,651 | € 923,756 | € 960,144 | ▲ 4% |
| Cash | € 21,995 | € 17,460 | € 21,344 | € 38,614 | ▲ 81% |
| Retained profit | € -289,384 | € -658,359 | € -853,304 | € -1,049,396 | ▼ € 196,092 |
| Bank debt | € 777,398 | € 647,100 | € 515,533 | € 382,687 | ▼ 26% |
| Balance sheet total | € 1,236,854 | € 788,615 | € 666,452 | € 506,748 | ▼ 24% |
| Employees (FTE) | 4.8 | 5.8 | 5 | 3.9 | ▼ 1.1 |
Key figures of NWOOD, 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 NWOOD?
What happened at NWOOD in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 196,092. Source: NBB ↗
- V.D. HOLDING SA became a director. NBB
- New establishment in Mouscron. KBO
- Start of the company according to the CBE. KBO
In short
From € 58,806 loss in 2022 to € 196,092 loss in 2025.
On average € 31,200 of value added per employee in 2025.
A new publication or filing at NWOOD? 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 NWOOD is V.D. HOLDING SA. The shares are held by VUYLSTEKE S.A. (100%).
Directors
According to the 2025 annual accounts
Director · represented by François Vuylsteke
Also active at: DRAFIL, ETABLISSEMENTS VUYLSTEKE
since 2023
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Robert Verzelelaan(L) 4
7700 Mouscron
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0702.843.192
- VAT number
- BE 0702.843.192
- Registered office
- Robert Verzelelaan(L) 4, 7700 Mouscron
- Names & denominations
- NWOOD
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 September 2018
- Peppol
- Active · Active since 16 Dec 2025
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