AL Windows
ActiveSummary
AL Windows has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €357,607 and a net result of -€47,994. Equity is growing by ~49.5% per year across the filed fiscal years. Its solvency ranks better than 17% of 7940 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability39▼-14
Solvency41▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity tight (current ratio 1.22 against 1.27 in 2024; short-term debt: 50.3% and cash: 19.7% of total assets), and 84% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 7940 sector peers (2025).
NBB · sector comparisonPosition among 7940 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
15 d late
2023
1 d early
2022
9 d early
2021
32 d early
2020
28 d early
2019
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#7 employer in Heusden-Zolder, Construction sector
Equity
€357,607▼ 11.8%
2024 · €405,601
Total assets
€2.2m▼ 6.2%
2024 · €2.4m
Net result
-€47,994
2024 · €2,553
Working capital
€249,123▼ 27.4%
2024 · €343,111
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€118,172▲ 5.6%€11,663▼ 90.1%€96,198▲ 725%€69,630▼ 27.6%€26,905▼ 61.4%
Net result€72,313within the sector's middle half▲ 41.9%-€8,644below the sector's middle half€50,218within the sector's middle half€2,553below the sector's middle half▼ 94.9%-€47,994below the sector's middle half
Equity€150,074within the sector's middle half▲ 93.0%€141,430within the sector's middle half▼ 5.8%€403,048within the sector's middle half▲ 185%€405,601within the sector's middle half▲ 0.6%€357,607within the sector's middle half▼ 11.8%
Total assets€1.9mabove the sector's middle half▲ 10.0%€1.9mabove the sector's middle half▲ 0.9%€1.8mabove the sector's middle half▼ 6.5%€2.4mabove the sector's middle half▲ 34.6%€2.2mabove the sector's middle half▼ 6.2%
Debt€1.7m▲ 6.0%€1.8m▲ 1.5%€1.4m▼ 22.0%€2.0m▲ 44.6%€1.9m▼ 5.0%
Working capital€364,327within the sector's middle half▲ 36.7%€357,418within the sector's middle half▼ 1.9%€144,766within the sector's middle half▼ 59.5%€343,111within the sector's middle half▲ 137%€249,123within the sector's middle half▼ 27.4%
Solvency8.0%below the sector's middle half▲ 3.4pp7.5%below the sector's middle half▼ 0.5pp22.8%below the sector's middle half▲ 15.3pp17.0%below the sector's middle half▼ 5.7pp16.0%below the sector's middle half▼ 1.0pp
Current ratio1.30within the sector's middle half▲ 0.051.27within the sector's middle half▼ 0.031.12below the sector's middle half▼ 0.151.27within the sector's middle half▲ 0.151.22within the sector's middle half▼ 0.05
Return on assets (ROA)3.9%within the sector's middle half▲ 0.9pp-0.5%below the sector's middle half▼ 4.3pp2.8%within the sector's middle half▲ 3.3pp0.1%below the sector's middle half▼ 2.7pp-2.1%below the sector's middle half▼ 2.3pp
Staff (FTE)19.1above the sector's middle half▲ 29.1%23.4above the sector's middle half▲ 22.5%23.7above the sector's middle half▲ 1.3%23.7above the sector's middle half=23.7above the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 61% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.2m
Fixed assets
€862,130 ▲ 9.6%
Current assets
€1.4m ▼ 14.0%
Equity and liabilities €2.2m
Equity
€357,607 ▼ 11.8%
Debt
€1.9m ▼ 5.0%
Debt's share of the balance-sheet total rises from 83.0% to 84.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€204,797▼
2024 · €229,484
Cash flow
€129,898▼
2024 · €162,408
Quick ratio
0.88▲
2024 · 0.71
Debt to equity
5.25▲
2024 · 4.87
ROE
-13.4%▼
2024 · 0.6%
Interest coverage
2.74▼
2024 · 4.05
Debt ≤ 1 year
€1.1m▼
2024 · €1.3m
Debt > 1 year
€751,332▲
2024 · €723,778
Income taxes
€656▼
2024 · €10,472
Staff costs
€2.1m▲
2024 · €1.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,423 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
1.0%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,423 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €600 | - | - | - |
| Remuneration, social security and pensions62 | - | €1.3m | €1.4m | €1.5m | €2.1m | ▲ 40.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €112,580 | €91,062 | €82,533 | €159,855 | €177,892 | ▲ 11.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€9,796 | - | €2,047 | - | - |
| Other operating charges640/8 | - | €2,594 | €2,402 | €2,856 | €4,540 | ▲ 58.9% |
| Gross operating margin9900 | €1.3m | €1.4m | €1.6m | €1.7m | €2.3m | ▲ 33.7% |
| Operating profit (loss)9901 | €118,172 | €11,663 | €96,198 | €69,630 | €26,905 | ▼ 61.4% |
| Financial income75/76B | - | €156 | €299 | €17 | €611 | ▲ 3,601% |
| Recurring financial income75 | €1,065 | €156 | €299 | €17 | €611 | ▲ 3,601% |
| Financial charges65/66B | - | €15,544 | €20,107 | €56,621 | €74,854 | ▲ 32.2% |
| Recurring financial charges65 | €16,716 | €15,544 | €20,107 | €56,621 | €74,854 | ▲ 32.2% |
| Profit (loss) for the period before taxes9903 | €102,522 | -€3,725 | €76,390 | €13,026 | -€47,338 | ▼ 463% |
| Income taxes67/77 | €30,209 | €4,919 | €26,172 | €10,472 | €656 | ▼ 93.7% |
| Profit (loss) for the period9904 | €72,313 | -€8,644 | €50,218 | €2,553 | -€47,994 | ▼ 1,980% |
| Profit (loss) for the period to be appropriated9905 | €72,313 | -€8,644 | €50,218 | €2,553 | -€47,994 | ▼ 1,980% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.9m | €1.9m | €1.8m | €2.4m | €2.2m | ▼ 6.2% |
| Fixed assets21/28 | €285,338 | €221,066 | €431,075 | €786,268 | €862,130 | ▲ 9.6% |
| Intangible fixed assets21 | €2,956 | €2,052 | €1,148 | €7,197 | €5,125 | ▼ 28.8% |
| Tangible fixed assets22/27 | €282,382 | €219,014 | €429,927 | €779,071 | €857,005 | ▲ 10.0% |
| Land and buildings22 | - | - | €9,735 | €7,444 | €4,580 | ▼ 38.5% |
| Plant, machinery and equipment23 | - | €96,097 | €73,983 | €60,569 | €51,999 | ▼ 14.1% |
| Furniture and vehicles24 | - | €15,862 | €10,271 | €4,811 | €2,610 | ▼ 45.8% |
| Leasing and similar rights25 | - | €104,692 | €51,397 | €705,559 | €797,382 | ▲ 13.0% |
| Other tangible fixed assets26 | - | €2,363 | €1,040 | €687 | €434 | ▼ 36.9% |
| Assets under construction and advance payments27 | - | - | €283,500 | - | - | - |
| Current assets29/58 | €1.6m | €1.7m | €1.3m | €1.6m | €1.4m | ▼ 14.0% |
| Stocks and contracts in progress3 | €295,373 | €699,537 | €586,371 | €710,571 | €379,564 | ▼ 46.6% |
| Stocks30/36 | - | €344,263 | €321,801 | €338,370 | €259,030 | ▼ 23.4% |
| Contracts in progress37 | - | €355,274 | €264,570 | €372,200 | €120,534 | ▼ 67.6% |
| Amounts receivable within one year40/41 | €803,102 | €711,796 | €341,216 | €561,370 | €551,688 | ▼ 1.7% |
| Trade receivables40 | - | €568,177 | €233,500 | €466,387 | €462,935 | ▼ 0.7% |
| Other amounts receivable41 | - | €143,619 | €107,716 | €94,982 | €88,754 | ▼ 6.6% |
| Cash at bank and in hand54/58 | €210,637 | €257,085 | €409,167 | €317,025 | €441,393 | ▲ 39.2% |
| Deferred charges and accrued income490/1 | - | €4,412 | €2,181 | €7,015 | €504 | ▼ 92.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.9m | €1.9m | €1.8m | €2.4m | €2.2m | ▼ 6.2% |
| Equity10/15 | €150,074 | €141,430 | €403,048 | €405,601 | €357,607 | ▼ 11.8% |
| Contributions10/11 | €18,600 | €18,600 | €230,000 | €230,000 | €230,000 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €129,614 | €120,970 | €171,188 | €173,741 | €125,747 | ▼ 27.6% |
| Amounts payable17/49 | €1.7m | €1.8m | €1.4m | €2.0m | €1.9m | ▼ 5.0% |
| Amounts payable after more than one year17 | €498,449 | €437,054 | €172,793 | €723,778 | €751,332 | ▲ 3.8% |
| Financial debts170/4 | - | €77,054 | €22,793 | €573,778 | €601,332 | ▲ 4.8% |
| Other amounts payable178/9 | - | €360,000 | €150,000 | €150,000 | €150,000 | = |
| Amounts payable within one year42/48 | €1.2m | €1.3m | €1.2m | €1.3m | €1.1m | ▼ 10.3% |
| Current portion of amounts payable after more than one year42 | - | €61,395 | €54,262 | €132,259 | €149,889 | ▲ 13.3% |
| Financial debts43 | - | €325,000 | €325,000 | €225,000 | €425,000 | ▲ 88.9% |
| Credit institutions430/8 | - | €325,000 | €325,000 | €225,000 | €325,000 | ▲ 44.4% |
| Other loans439 | - | - | - | - | €100,000 | - |
| Trade debts44 | €700,219 | €683,937 | €594,752 | €671,741 | €291,935 | ▼ 56.5% |
| Suppliers440/4 | - | €683,937 | €594,752 | €671,741 | €291,935 | ▼ 56.5% |
| Taxes, remuneration and social security45 | - | €239,681 | €213,907 | €221,618 | €254,386 | ▲ 14.8% |
| Taxes450/3 | - | €14,161 | €15,067 | €16,228 | €41,151 | ▲ 154% |
| Remuneration and social security454/9 | - | €225,520 | €198,840 | €205,390 | €213,235 | ▲ 3.8% |
| Other amounts payable47/48 | - | €5,400 | €6,250 | €2,250 | €2,817 | ▲ 25.2% |
| Accrued charges and deferred income492/3 | - | - | - | - | €2,314 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €72,313 | -€8,644 | €50,218 | €2,553 | -€47,994 | ▼ 1,980% |
| + Depreciation and write-downs630 | €112,580 | €91,062 | €82,533 | €159,855 | €177,892 | ▲ 11.3% |
| Operating cash flow (approximation) | €184,893 | €82,418 | €132,751 | €162,408 | €129,898 | ▼ 20.0% |
| Investment in fixed assets (approximation) | - | -€26,790 | -€292,542 | -€515,048 | -€253,753 | ▲ 50.7% |
| Change in cash | - | €46,448 | €152,082 | -€92,143 | €124,368 | ▲ 235% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€47,994
Net result drops to -€47,994, the lowest in the series.
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 15 days late
2024
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Back to profitnet €50,218
Net result €50,218 after one loss-making year.
30-09
Financial
Equity above €200,000Eq €403,048 ▲185%
Equity rises from €141,430 to €403,048.
21-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Equity above €150,000Eq €150,074 ▲93%
4 profitable years in a row build equity to €150,074.
02-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
27-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Highest result since 2018net €117,113 ▲15.8%
Operating result €142,736, net result €117,113, both a record.
Show earlier events
28-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
23-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Heusden-Zolder · 1 establishment unit since 2013
Ground area
2.2 ha
Building footprint
1,881 m²
Volume, LiDAR
14,165 m³
Parcel 71065A0205/00W011, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
11
companies at this address
See who is registered here
1 establishment unit
Al Windows
since 20132.219.310.807
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71065A0205/00W011 | Flanders | 2.2 ha | 1 · 1,881 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 1,506 EUR awarded · 1,506 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,368 EUR | 1,368 EUR |
| 2023 | 1 | 0 EUR | 138 EUR |
| 2022 | 1 | 138 EUR | 0 EUR |
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Of 20,026 companies in sector 43320 we hold annual accounts for 9,139. 6,587 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-02-2013
Fiscal year end31-12
Abbreviation NL
ALW
Activities, NACEBEL 2025
25120Manufacture of fabricated metal products, except machinery and equipment
43320Joinery installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0509991752
Also
9925:BE0509991752
Registered
22-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.