BUILDING WINDOWS
ActiveSummary
BUILDING WINDOWS has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.6m and a net result of €247,583. Equity is growing by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 81% of 188 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability62▼-28
Solvency100▲+9
Growth45▼-15
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €450,000 at 30 days acceptable
Liquidity ample (current ratio 4.38 against 2.52 in 2024; short-term debt: 19.8% and cash: 29.1% of total assets), and 20.4% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Five 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 22
Relative position
BE, all sectors
reference
Manufacture of rubber and plastic products (NACE 22)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
79.6%
Return on assets
3.5%
Age of the figures
9 mo
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
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
21 d early
2023
23 d early
2022
26 d early
2021
18 d early
2020
22 d early
2019
18 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 20 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 34% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
In the rankings
#2 employer in Anzegem, Manufacturing sector#3 company by total assets in Anzegem, Manufacturing sector#3 company by equity in Anzegem, Manufacturing sector
Turnover
€12.6m▲ 3.6%
2024 · €12.2m
EBIT margin
1.1%▼ 12.4pp
2024 · 13.5%
Net result
€247,583▼ 82.9%
2024 · €1.4m
Working capital
€4.7m▲ 4.8%
2024 · €4.5m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€13.8m▼ 4.6%€13.9m▲ 0.6%€14.7m▲ 5.4%€12.2m▼ 16.8%€12.6m▲ 3.6%
Operating result€881,385▼ 20.7%€1.1m▲ 26.8%€933,225▼ 16.5%€1.7m▲ 76.8%€142,812▼ 91.3%
Net result€786,233▼ 16.5%€993,547▲ 26.4%€856,399▼ 13.8%€1.4m▲ 69.1%€247,583▼ 82.9%
EBIT margin6.4%▼ 1.3pp8.0%▲ 1.7pp6.4%▼ 1.7pp13.5%▲ 7.2pp1.1%▼ 12.4pp
Equity€5.3m▲ 9.0%€5.8m▲ 10.3%€6.2m▲ 7.0%€5.8m▼ 6.5%€5.6m▼ 3.7%
Total assets€7.6m▲ 13.7%€8.2m▲ 7.3%€8.2m=€8.8m▲ 7.6%€7.0m▼ 20.1%
Debt€2.4m▲ 26.0%€2.4m▲ 0.7%€2.0m▼ 17.2%€2.9m▲ 50.0%€1.4m▼ 52.7%
Working capital€3.6m▲ 14.0%€3.9m▲ 8.2%€4.6m▲ 18.3%€4.5m▼ 3.2%€4.7m▲ 4.8%
Staff (FTE)62.8▼ 4.3%61.8▼ 1.6%59.4▼ 3.9%59.9▲ 0.8%56.3▼ 6.0%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 91% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.0m
Fixed assets
€936,300 ▼ 31.6%
Current assets
€6.1m ▼ 18.0%
Equity and liabilities €7.0m
Equity
€5.6m ▼ 3.7%
Provisions
€38,735 ▼ 9.7%
Debt
€1.4m ▼ 52.7%
Debt's share of the balance-sheet total falls from 33.5% to 19.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€605,262▼
2024 · €2.2m
Cash flow
€710,033▼
2024 · €2.0m
Current ratio
4.38▲
2024 · 2.52
Quick ratio
2.91▲
2024 · 1.88
Debt to equity
0.25▼
2024 · 0.51
ROE
4.4%▼
2024 · 24.9%
ROA
3.5%▼
2024 · 16.5%
Interest coverage
201.24▲
2024 · 123.20
Debt ≤ 1 year
€1.4m▼
2024 · €2.9m
Income taxes
€50,892▼
2024 · €201,615
Staff costs
€3.5m▼
2024 · €3.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €14.2m | €14.3m | €15.1m | €13.9m | €13.0m | ▼ 6.1% |
| Turnover70 | €13.8m | €13.9m | €14.7m | €12.2m | €12.6m | ▲ 3.6% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | -€12,041 | -€57,308 | -€8,191 | -€36,043 | €42,109 | ▲ 217% |
| Other operating income74 | €344,710 | €401,977 | €454,183 | €344,094 | €337,621 | ▼ 1.9% |
| Non-recurring operating income76A | €35,250 | €35,637 | €11,453 | €1.4m | €16,090 | ▼ 98.8% |
| Operating charges60/66A | €13.3m | €13.2m | €14.2m | €12.2m | €12.9m | ▲ 5.4% |
| Goods for resale, raw materials and consumables60 | €7.4m | €7.7m | €8.1m | €6.6m | €7.0m | ▲ 7.1% |
| Purchases600/8 | €7.8m | €8.0m | €7.8m | €6.4m | €7.1m | ▲ 11.0% |
| Change in stocks: decrease (increase)609 | -€320,191 | -€384,148 | €303,891 | €126,809 | -€114,125 | ▼ 190% |
| Services and other goods61 | €2.1m | €1.7m | €1.7m | €1.5m | €1.9m | ▲ 26.1% |
| Remuneration, social security and pensions62 | €3.4m | €3.4m | €3.5m | €3.5m | €3.5m | ▼ 1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €392,017 | €440,665 | €506,959 | €533,874 | €462,450 | ▼ 13.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€99,319 | -€155,013 | €95,642 | €8,917 | -€326,057 | ▼ 3,756% |
| Other operating charges640/8 | €61,823 | €126,971 | €329,944 | €89,422 | €357,668 | ▲ 300% |
| Non-recurring operating charges66A | €1,046 | €0 | €3,522 | €0 | - | - |
| Operating profit (loss)9901 | €881,385 | €1.1m | €933,225 | €1.7m | €142,812 | ▼ 91.3% |
| Financial income75/76B | €127,971 | €136,893 | €127,133 | €102,259 | €196,906 | ▲ 92.6% |
| Recurring financial income75 | €127,971 | €136,893 | €127,133 | €102,259 | €196,906 | ▲ 92.6% |
| Income from current assets751 | - | €3,054 | €15,910 | €18,015 | €66,999 | ▲ 272% |
| Other financial income752/9 | €127,971 | €133,839 | €111,224 | €84,244 | €129,907 | ▲ 54.2% |
| Financial charges65/66B | €66,058 | €65,472 | €74,156 | €59,332 | €45,385 | ▼ 23.5% |
| Recurring financial charges65 | €66,058 | €65,472 | €74,156 | €59,332 | €45,385 | ▼ 23.5% |
| Debt charges650 | €18,554 | €18,433 | €23,885 | €17,728 | €3,008 | ▼ 83.0% |
| Other financial charges652/9 | €47,504 | €47,039 | €50,270 | €41,605 | €42,378 | ▲ 1.9% |
| Profit (loss) for the period before taxes9903 | €943,297 | €1.2m | €986,203 | €1.7m | €294,332 | ▼ 82.6% |
| Transfer from deferred taxes780 | - | - | - | €4,143 | €4,143 | = |
| Transfer to deferred taxes680 | - | - | - | €47,021 | €0 | ▼ 100% |
| Income taxes67/77 | €157,064 | €195,525 | €129,804 | €201,615 | €50,892 | ▼ 74.8% |
| Taxes670/3 | €157,064 | €195,600 | €129,804 | €201,947 | €51,871 | ▼ 74.3% |
| Tax adjustments and reversals of tax provisions77 | €0 | €75 | €0 | €332 | €979 | ▲ 195% |
| Profit (loss) for the period9904 | €786,233 | €993,547 | €856,399 | €1.4m | €247,583 | ▼ 82.9% |
| Transfer from tax-exempt reserves789 | - | - | - | €12,428 | €12,428 | = |
| Transfer to tax-exempt reserves689 | - | - | - | €141,062 | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €786,233 | €993,547 | €856,399 | €1.3m | €260,011 | ▼ 80.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.6m | €8.2m | €8.2m | €8.8m | €7.0m | ▼ 20.1% |
| Fixed assets21/28 | €1.6m | €1.9m | €1.6m | €1.4m | €936,300 | ▼ 31.6% |
| Intangible fixed assets21 | - | €16,363 | €9,635 | €2,907 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €1.6m | €1.9m | €1.6m | €1.4m | €936,030 | ▼ 31.5% |
| Land and buildings22 | €212,257 | €201,758 | €184,087 | €0 | - | - |
| Plant, machinery and equipment23 | €999,345 | €1.3m | €990,975 | €1.1m | €786,172 | ▼ 28.9% |
| Furniture and vehicles24 | €436,273 | €373,558 | €399,521 | €260,112 | €149,858 | ▼ 42.4% |
| Financial fixed assets28 | €270 | €270 | €270 | €270 | €270 | = |
| Other financial fixed assets284/8 | €270 | €270 | €270 | €270 | €270 | = |
| Amounts receivable and cash guarantees285/8 | €270 | €270 | €270 | €270 | €270 | = |
| Current assets29/58 | €6.0m | €6.3m | €6.6m | €7.4m | €6.1m | ▼ 18.0% |
| Stocks and contracts in progress3 | €2.0m | €2.4m | €2.0m | €1.9m | €2.0m | ▲ 8.3% |
| Stocks30/36 | €2.0m | €2.4m | €2.0m | €1.9m | €2.0m | ▲ 8.3% |
| Raw materials and consumables30/31 | €1.3m | €1.6m | €1.3m | €1.2m | €1.3m | ▲ 9.4% |
| Work in progress32 | €389,550 | €488,410 | €282,684 | €369,681 | €291,321 | ▼ 21.2% |
| Finished goods33 | €377,725 | €221,557 | €419,092 | €296,052 | €416,521 | ▲ 40.7% |
| Amounts receivable within one year40/41 | €2.8m | €2.3m | €2.0m | €3.2m | €1.9m | ▼ 39.6% |
| Trade receivables40 | €2.1m | €2.2m | €1.9m | €1.4m | €1.5m | ▲ 8.6% |
| Other amounts receivable41 | €759,209 | €156,443 | €93,874 | €1.8m | €435,061 | ▼ 76.1% |
| Current investments50/53 | - | - | - | €745,490 | €0 | ▼ 100% |
| Other investments51/53 | - | - | - | €745,490 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €1.0m | €1.6m | €2.5m | €1.5m | €2.0m | ▲ 35.4% |
| Deferred charges and accrued income490/1 | €96,273 | €49,023 | €85,411 | €96,835 | €76,936 | ▼ 20.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.6m | €8.2m | €8.2m | €8.8m | €7.0m | ▼ 20.1% |
| Equity10/15 | €5.3m | €5.8m | €6.2m | €5.8m | €5.6m | ▼ 3.7% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Capital10 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Issued capital100 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | €5.2m | €5.7m | €6.1m | €5.7m | €5.5m | ▼ 3.8% |
| Non-distributable reserves130/1 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Legal reserve130 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Tax-exempt reserves132 | €29,448 | €29,448 | €29,448 | €158,082 | €145,653 | ▼ 7.9% |
| Distributable reserves133 | €5.1m | €5.7m | €6.1m | €5.5m | €5.3m | ▼ 3.7% |
| Provisions and deferred taxes16 | - | - | - | €42,878 | €38,735 | ▼ 9.7% |
| Deferred taxes168 | - | - | - | €42,878 | €38,735 | ▼ 9.7% |
| Amounts payable17/49 | €2.4m | €2.4m | €2.0m | €2.9m | €1.4m | ▼ 52.7% |
| Amounts payable within one year42/48 | €2.4m | €2.4m | €2.0m | €2.9m | €1.4m | ▼ 52.8% |
| Financial debts43 | €400,000 | €0 | - | - | - | - |
| Credit institutions430/8 | €400,000 | €0 | - | - | - | - |
| Trade debts44 | €706,024 | €908,123 | €524,384 | €455,472 | €299,662 | ▼ 34.2% |
| Suppliers440/4 | €706,024 | €908,123 | €524,384 | €455,472 | €299,662 | ▼ 34.2% |
| Advances received on contracts in progress46 | €2,561 | €320 | €854 | €0 | - | - |
| Taxes, remuneration and social security45 | €410,761 | €547,713 | €473,855 | €490,456 | €626,420 | ▲ 27.7% |
| Taxes450/3 | €138,517 | €273,453 | €184,380 | €203,463 | €312,623 | ▲ 53.7% |
| Remuneration and social security454/9 | €272,244 | €274,261 | €289,475 | €286,992 | €313,797 | ▲ 9.3% |
| Other amounts payable47/48 | €836,738 | €916,310 | €964,447 | €2.0m | €465,000 | ▼ 76.7% |
| Accrued charges and deferred income492/3 | €184 | €92 | €0 | - | €3,008 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €786,233 | €993,547 | €856,399 | €1.4m | €247,583 | ▼ 82.9% |
| + Depreciation and write-downs630 | €392,017 | €440,665 | €506,959 | €533,874 | €462,450 | ▼ 13.4% |
| Operating cash flow (approximation) | €1.2m | €1.4m | €1.4m | €2.0m | €710,033 | ▼ 64.2% |
| Investment in fixed assets (approximation) | - | -€687,832 | -€196,135 | -€319,126 | -€29,011 | ▲ 90.9% |
| Change in cash | - | €558,854 | €917,568 | -€971,987 | €534,683 | ▲ 155% |
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
Next filing, fiscal year 2026, expected by
2026
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €247,583 ▼82.9%
Net result drops to €247,583, the lowest in the series.
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €1.4m ▲69.1%
Operating result €1.7m, net result €1.4m, both a record.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €5mEq €5.3m ▲9%
4 profitable years in a row build equity to €5.3m.
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 19 days late
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
12 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, Anzegem · 1 establishment unit since 2008
Ground area
1.2 ha
Building footprint
5,700 m²
Volume, LiDAR
37,948 m³
Parcel 34002A0381/00Z003, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Building Windows
since 20082.175.484.227
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34002A0381/00Z003 | Flanders | 1.2 ha | 1 · 5,700 m² | 7.8 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 · 12 entries · 49,749 EUR awarded · 49,164 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 12,426 EUR | 13,159 EUR |
| 2024 | 3 | 16,848 EUR | 15,887 EUR |
| 2023 | 4 | 15,907 EUR | 15,550 EUR |
| 2022 | 2 | 4,568 EUR | 4,568 EUR |
Recognitions · licences · registrations
Recognised contractor
2 categoriesBUILDING WINDOWS NV38316
Similar companies · same sector, comparable size
SMART FLOW EUROPE
BE 0472.047.134
Mouscron · Eq €5,660,855
ISOMO
BE 0459.454.257
Kortrijk · Eq €5,517,030
UNY GROUP
BE 0877.317.785
Mouscron · Eq €5,472,585
INNI group
BE 0418.420.485
Kortrijk · Eq €5,231,381
ORAC
BE 0407.323.091
Oostende · Eq €5,006,284
Of 629 companies in sector 22240 we hold annual accounts for 360. 103 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded16-12-2008
Fiscal year end31-12
Activities, NACEBEL 2025
22240Manufacture of rubber and plastic products
25120Manufacture of fabricated metal products, except machinery and equipment
43320Joinery installation
Scores and ratios are computed by Checked and are not a credit decision.