Wood-substituted composites from matrices based on ternary mixtures of benzoxazine, epoxy, and phenolic novolac resins (BEP resins) using woodflour (Hevea brasiliensis) as filler are developed. The results reveal that the addition of epoxy resin into benzoxazine resin can lower the liquefying temperature of the ternary systems whereas rheological characterization of the gel points indicates an evident delay of the vitrification time as epoxy content increased. The gelation of the ternary mixtures shows an Arrhenius-typed behavior and the gel time can be well predicted by an Arrhenius equation with activation energy of 35-40kJ/mol. For wood-substituted composites from highly filled BEP alloys i.e. at 70% by weight of woodflour, the reinforcing effect of the woodflour shows a substantial enhancement in the composite stiffness i.e. 8.3GPa of the filled BEP811 vs 5.9GPa of the unfilled BEP811. The relatively high flexural strength of the BEP wood composites up to 70MPa can also be obtained. The outstanding compatibility between the woodflour and the ternary matrices attributed to the modulus and thermal stability enhancement of the wood composites particularly with an increase of the polybenzoxazine fraction in the BEP alloys.