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 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
C-WOOD from Temse, company number BE0735611970, closed financial year 2025 with a result of € -961,090 after tax. For that financial year C-WOOD recorded revenue of € 4.9 million and equity of € -370,201. Compared with financial year 2024, the result moved from € -1.6 million to € -961,090. 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 June 30, 2026.
€ -370,201
▲ € 2 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -961,090
▲ 40 % less loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -4.9 million.
People and assets in 2025
29.9
▼ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.4 million
▲ 5% vs 2024
€ 78,700 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.
€ 279,968
▲ € 271,541 vs 2024
Of which on lease € 267,590.
Debts at end 2025
€ 2.6 million
▼ 7% vs 2024
€ 58,458 is repaid this year. At this pace the long-term loan is gone in ≈ 45 years.
€ 1.2 million
▲ 51% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 109 days on average.
€ 111,437
▼ 35% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 7,473,289 | € 7,537,706 | € 4,632,882 | € 4,932,828 | ▲ 6% |
| Profit after taxes | € -249,542 | € -621,187 | € -1,589,744 | € -961,090 | ▲ € 628,654 |
| Equity | € -198,180 | € -819,367 | € -2,409,111 | € -370,201 | ▲ € 2 million |
| Total debts | € 4,170,728 | € 4,509,063 | € 4,415,158 | € 4,847,840 | ▲ 10% |
| Retained profit | € -1,698,180 | € -2,319,367 | € -3,909,111 | € -4,870,201 | ▼ € 961,090 |
| Bank debt | € 0 | € 0 | € 2,802,569 | € 2,608,131 | ▼ 7% |
| Balance sheet total | € 3,972,548 | € 3,689,696 | € 2,006,047 | € 4,477,639 | ▲ 123% |
| Employees (FTE) | 12.9 | 31.9 | 30.4 | 29.9 | ▼ 0.5 |
Key figures of C-WOOD, 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 C-WOOD?
What happened at C-WOOD in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- E.R.M. BV stepped down as director. NBB
- D.D.L. CONSULT BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 961,090. Source: NBB ↗
- E.R.M. BV became a director. NBB
- SANDINA BV stepped down as director. NBB
- RE BUILD BV stepped down as director. NBB
- DHK Projects stepped down as director. NBB
- SANDINA BV became a director. NBB
In short
From € 249,542 loss in 2022 to € 961,090 loss in 2025.
Paid € 5,004 in corporate taxes since 2022.
Pays suppliers within 109 days on average.
Management
The stake of CORDEEL GROUP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
C-WOODThe shares are held by CORDEEL GROUP (99%).
Directors
According to the 2025 annual accounts
Director · represented by Kevin De Hainaut
Also active at: CORDEEL ZETEL TEMSE, CORDEEL BELGIUM, C-LIVING, TECHNOCON, VITA HORECA TEMSE, CORDEEL GROUP, C-CONCRETE, C-RENTAL +18 more
since 2024 · until 2025
Director · represented by HENDRIK D'hont
Also active at: D'HONT - DECLERCQ MANAGEMENT, PLASTISERVICE D'HONT, FACTUS
since 2024 · until 2030
Director · represented by Peter VAN INGELGHEM
Also active at: C-CONCRETE, OFF SITE BELGIUM, Baeck Cladding, C-METAL
since 2025 · until 2026
Director · represented by Wim VRIESACKER
Also active at: CORDEEL ZETEL TEMSE, TECHNOCON, C-CONCRETE, OFF SITE BELGIUM, Building Maintenance & Services, Baeck Cladding, C-METAL, C-Supply
since 2025 · until 2025
Director · represented by Yves Remy
Also active at: C-CONCRETE, OFF SITE BELGIUM, C-METAL, SISY
since 2026 · until 2032
Shareholders
99%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Frank Van Dyckelaan 19 box E
9140 Temse
Frank Van Dyckelaan 19 E
9140 Temse
Active since 1 October 2019
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
- 0735.611.970
- VAT number
- BE 0735.611.970
- Registered office
- Frank Van Dyckelaan 19 bus E, 9140 Temse
- Names & denominations
- C-WOOD
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 3 October 2019
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Schrijnwerk
Overige gespecialiseerde bouwactiviteiten, neg
Overige gespecialiseerde bouwwerkzaamheden
Handelsbemiddeling in de groothandel in hout en bouwmaterialen
Groothandel in hout
Plaatsen van vloerbedekking en wandbekleding van hout