De Winter BV
ActiveSummary
De Winter BV has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €393k and a net result of €84k. Equity is growing by ~29.5% per year across the filed fiscal years. Its solvency ranks better than 42% of 269 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▼-1
Solvency60▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity tight (current ratio 1.27 against 1.05 in 2024; short-term debt: 38.9% and cash: 25.6% of total assets), and 64.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
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
35.3%
Return on assets
7.5%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 23
Relative position
BE, all sectors
reference
Manufacture of other non-metallic mineral products (NACE 23)
about 17% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
30 d late
2024
29 d late
2023
8 d early
2022
7 d late
2021
23 d early
2020
30 d late
2019
27 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€393k▲ 27.2%
2024 · €309k
2018: €65klowest in 8 years
2019: €75k▲ +15.6% vs 2018
2020: €75k▲ +0.1% vs 2019
2021: €149k▲ +97.0% vs 2020
2022: €183k▲ +23.0% vs 2021
2023: €211k▲ +15.3% vs 2022
2024: €309k▲ +46.7% vs 2023
2025: €393k▲ +27.2% vs 2024highest in 8 years
2018 → 2025
Total assets
€1.12M▼ 4.7%
2024 · €1.17M
2018: €1.36Mhighest in 8 years
2019: €1.27M▼ -6.5% vs 2018
2020: €1.23M▼ -3.6% vs 2019
2021: €1.12M▼ -8.8% vs 2020
2022: €1.25M▲ +12.0% vs 2021
2023: €1.15M▼ -8.3% vs 2022
2024: €1.17M▲ +1.7% vs 2023
2025: €1.12M▼ -4.7% vs 2024lowest in 8 years
2018 → 2025
Net result
€84k▼ 14.7%
2024 · €99k
2018: €11k
2019: €10k▼ -5.2% vs 2018
2020: €106▼ -99.0% vs 2019lowest in 8 years
2021: €73k▲ +69078% vs 2020
2022: €34k▼ -53.2% vs 2021
2023: €28k▼ -18.2% vs 2022
2024: €99k▲ +252% vs 2023highest in 8 years
2025: €84k▼ -14.7% vs 2024
2018 → 2025
Working capital
€117k▲ 385%
2024 · €24k
2018: €-378klowest in 8 years
2019: €-308k▲ +18.6% vs 2018
2020: €-266k▲ +13.4% vs 2019
2021: €-191k▲ +28.3% vs 2020
2022: €-152k▲ +20.3% vs 2021
2023: €-103k▲ +32.0% vs 2022
2024: €24k▲ +123% vs 2023
2025: €117k▲ +385% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€149k-€183k▲ 23.0%€211k▲ 15.3%€309k▲ 46.7%€393k▲ 27.2%
2021: €149klowest in 5 years
2022: €183k▲ +23.0% vs 2021
2023: €211k▲ +15.3% vs 2022
2024: €309k▲ +46.7% vs 2023
2025: €393k▲ +27.2% vs 2024highest in 5 years
Operating result€95k-€55k▼ 42.5%€57k▲ 3.3%€159k▲ 182%€142k▼ 11.1%
2021: €95k
2022: €55k▼ -42.5% vs 2021lowest in 5 years
2023: €57k▲ +3.3% vs 2022
2024: €159k▲ +182% vs 2023highest in 5 years
2025: €142k▼ -11.1% vs 2024
Net result€73k-€34k▼ 53.2%€28k▼ 18.2%€99k▲ 252%€84k▼ 14.7%
2021: €73k
2022: €34k▼ -53.2% vs 2021
2023: €28k▼ -18.2% vs 2022lowest in 5 years
2024: €99k▲ +252% vs 2023highest in 5 years
2025: €84k▼ -14.7% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 11% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.12M
Fixed assets
€564k ▼ 9.3%
Current assets
€551k ▲ 0.6%
Equity and liabilities €1.12M
Equity
€393k ▲ 27.2%
Debt
€722k ▼ 16.1%
Debt's share of the balance-sheet total falls from 73.6% to 64.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€201k▼
2024 · €245k
Cash flow
€144k▼
2024 · €185k
Current ratio
1.27▲
2024 · 1.05
Quick ratio
0.95▲
2024 · 0.69
Debt to equity
1.83▼
2024 · 2.78
ROE
21.4%▼
2024 · 31.8%
ROA
7.5%▼
2024 · 8.4%
Interest coverage
10.62▼
2024 · 14.81
Debt ≤ 1 year
€434k▼
2024 · €524k
Debt > 1 year
€286k▼
2024 · €337k
Income taxes
€39k▼
2024 · €44k
Staff costs
€245k▲
2024 · €240k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 57 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.17M€1.12M▼
Fixed assets21/28€622k€564k▼
Tangible fixed assets22/27€621k€563k▼
Land and buildings22€473k€447k▼
Plant, machinery and equipment23€14k€9k▼
Furniture and vehicles24€6k€5k▼
Leasing and similar rights25€129k€102k▼
Financial fixed assets28€1k€1k=
Current assets29/58€548k€551k▲
Stocks and contracts in progress3€188k€138k▼
Stocks30/36€99k€98k▼
Contracts in progress37€89k€40k▼
Amounts receivable within one year40/41€139k€116k▼
Trade receivables40€119k€103k▼
Other amounts receivable41€20k€13k▼
Cash at bank and in hand54/58€210k€285k▲
Deferred charges and accrued income490/1€11k€12k▲
Equity and liabilities
Total equity and liabilities10/49€1.17M€1.12M▼
Equity10/15€309k€393k▲
Contributions10/11€19k€19k=
Reserves13€291k€375k▲
Distributable reserves133€291k€375k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€861k€722k▼
Amounts payable after more than one year17€337k€286k▼
Financial debts170/4€337k€286k▼
Amounts payable within one year42/48€524k€434k▼
Current portion of amounts payable after more than one year42€50k€51k▲
Financial debts43€113k€113k=
Credit institutions430/8€113k€113k=
Trade debts44€57k€40k▼
Suppliers440/4€57k€40k▼
Advances received on contracts in progress46€16k€0▼
Taxes, remuneration and social security45€45k€22k▼
Taxes450/3€45k€22k▼
Remuneration and social security454/9€0-
Other amounts payable47/48€242k€208k▼
Accrued charges and deferred income492/3€345€3k▲
Income statement
Code20242025
Remuneration, social security and pensions62€240k€245k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€86k€60k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-11k€-7k▲
Other operating charges640/8€24k€18k▼
Gross operating margin9900€499k€457k▼
Operating profit (loss)9901€159k€142k▼
Financial income75/76B€2€18▲
Recurring financial income75€2€18▲
Financial charges65/66B€17k€19k▲
Recurring financial charges65€17k€19k▲
Profit (loss) for the period before taxes9903€143k€123k▼
Income taxes67/77€44k€39k▼
Profit (loss) for the period9904€99k€84k▼
Profit (loss) for the period to be appropriated9905€99k€84k▼
Appropriation of the result
Profit (loss) to be appropriated9906€154k€84k▼
Profit (loss) brought forward from the previous period14P€55k€0▼
Transfer to equity691/2€154k€84k▼
To other reserves6921€154k€84k▼
Social balance
Average headcount (FTE)90874.04.0=
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €206k | €185k | €207k | €240k | €245k | ▲ 2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €77k | €81k | €90k | €86k | €60k | ▼ 30.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €17k | €12k | €1k | €-11k | €-7k | ▲ 34.8% |
| Other operating charges640/8 | €15k | €9k | €11k | €24k | €18k | ▼ 25.8% |
| Gross operating margin9900 | €410k | €341k | €366k | €499k | €457k | ▼ 8.4% |
| Operating profit (loss)9901 | €95k | €55k | €57k | €159k | €142k | ▼ 11.1% |
| Financial income75/76B | €67 | €8 | €0 | €2 | €18 | ▲ 754% |
| Recurring financial income75 | €67 | €8 | €0 | €2 | €18 | ▲ 754% |
| Financial charges65/66B | €17k | €16k | €20k | €17k | €19k | ▲ 14.2% |
| Recurring financial charges65 | €17k | €16k | €20k | €17k | €19k | ▲ 14.2% |
| Profit (loss) for the period before taxes9903 | €78k | €39k | €37k | €143k | €123k | ▼ 14.1% |
| Income taxes67/77 | €5k | €5k | €9k | €44k | €39k | ▼ 12.6% |
| Profit (loss) for the period9904 | €73k | €34k | €28k | €99k | €84k | ▼ 14.7% |
| Profit (loss) for the period to be appropriated9905 | €73k | €34k | €28k | €99k | €84k | ▼ 14.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.12M | €1.25M | €1.15M | €1.17M | €1.12M | ▼ 4.7% |
| Fixed assets21/28 | €699k | €785k | €703k | €622k | €564k | ▼ 9.3% |
| Tangible fixed assets22/27 | €698k | €784k | €702k | €621k | €563k | ▼ 9.4% |
| Land and buildings22 | €553k | €551k | €511k | €473k | €447k | ▼ 5.5% |
| Plant, machinery and equipment23 | €71k | €48k | €28k | €14k | €9k | ▼ 32.7% |
| Furniture and vehicles24 | €2k | €2k | €8k | €6k | €5k | ▼ 9.8% |
| Leasing and similar rights25 | €72k | €183k | €156k | €129k | €102k | ▼ 21.1% |
| Financial fixed assets28 | €1k | €1k | €1k | €1k | €1k | = |
| Current assets29/58 | €422k | €469k | €448k | €548k | €551k | ▲ 0.6% |
| Stocks and contracts in progress3 | €234k | €225k | €208k | €188k | €138k | ▼ 26.6% |
| Stocks30/36 | €110k | €120k | €110k | €99k | €98k | ▼ 0.7% |
| Contracts in progress37 | €124k | €104k | €97k | €89k | €40k | ▼ 55.3% |
| Amounts receivable within one year40/41 | €146k | €183k | €141k | €139k | €116k | ▼ 16.6% |
| Trade receivables40 | €119k | €148k | €123k | €119k | €103k | ▼ 13.4% |
| Other amounts receivable41 | €27k | €35k | €19k | €20k | €13k | ▼ 35.3% |
| Cash at bank and in hand54/58 | €37k | €56k | €90k | €210k | €285k | ▲ 36.0% |
| Deferred charges and accrued income490/1 | €5k | €5k | €9k | €11k | €12k | ▲ 7.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.12M | €1.25M | €1.15M | €1.17M | €1.12M | ▼ 4.7% |
| Equity10/15 | €149k | €183k | €211k | €309k | €393k | ▲ 27.2% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €75k | €109k | €137k | €291k | €375k | ▲ 28.9% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €73k | €107k | €137k | €291k | €375k | ▲ 28.9% |
| Profit (loss) carried forward14 | €55k | €55k | €55k | €0 | - | - |
| Amounts payable17/49 | €972k | €1.07M | €940k | €861k | €722k | ▼ 16.1% |
| Amounts payable after more than one year17 | €358k | €449k | €387k | €337k | €286k | ▼ 15.2% |
| Financial debts170/4 | €358k | €449k | €387k | €337k | €286k | ▼ 15.2% |
| Amounts payable within one year42/48 | €613k | €622k | €551k | €524k | €434k | ▼ 17.2% |
| Current portion of amounts payable after more than one year42 | €53k | €67k | €62k | €50k | €51k | ▲ 2.0% |
| Financial debts43 | €121k | €114k | €113k | €113k | €113k | = |
| Credit institutions430/8 | €121k | €114k | €113k | €113k | €113k | = |
| Trade debts44 | €97k | €90k | €97k | €57k | €40k | ▼ 29.6% |
| Suppliers440/4 | €97k | €90k | €97k | €57k | €40k | ▼ 29.6% |
| Advances received on contracts in progress46 | - | - | - | €16k | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €34k | €39k | €13k | €45k | €22k | ▼ 51.8% |
| Taxes450/3 | €23k | €29k | €12k | €45k | €22k | ▼ 51.8% |
| Remuneration and social security454/9 | €11k | €10k | €739 | €0 | - | - |
| Other amounts payable47/48 | €309k | €311k | €267k | €242k | €208k | ▼ 14.3% |
| Accrued charges and deferred income492/3 | €2k | €1k | €2k | €345 | €3k | ▲ 634% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €73k | €34k | €28k | €99k | €84k | ▼ 14.7% |
| + Depreciation and write-downs630 | €77k | €81k | €90k | €86k | €60k | ▼ 30.9% |
| Operating cash flow (approximation) | €150k | €115k | €118k | €185k | €144k | ▼ 22.3% |
| Investment in fixed assets (approximation) | - | €-167k | €-8k | €-5k | €-1k | ▲ 74.0% |
| Change in cash | - | €19k | €34k | €120k | €75k | ▼ 37.0% |
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
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 30 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €99k ▲252%
Operating result €159k, net result €99k, both a record.
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €200kEq €211k ▲15.3%
6 profitable years in a row build equity to €211k.
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 7 days late
2022
31-12
Financial
Equity above €150kEq €183k ▲23%
5 profitable years in a row build equity to €183k.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €100kEq €149k ▲97%
4 profitable years in a row build equity to €149k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €106 ▼99%
Net result drops to €106, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
Show earlier events
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 14 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
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, Sint-Katelijne-Waver · 1 establishment unit since 1967
Ground area
3,717 m²
Building footprint
2,482 m²
Volume, LiDAR
4 m³
2 parcels, Flanders · tallest building 0.4 m. Linked by address, not a title deed.
1 establishment unit
Dreefvelden 58a, 2860 Sint-Katelijne-Waver
since 19672.002.579.153
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12035B0798/00A000 | Flanders | 1,959 m² | 1 · 1,186 m² | 0.4 m |
| 12035B0600/00R000 | Flanders | 1,758 m² | 1 · 1,296 m² | 0.1 m |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 · 6 entries · 36,047 EUR awarded · 35,998 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 9,844 EUR | 10,186 EUR |
| 2024 | 2 | 12,883 EUR | 12,492 EUR |
| 2023 | 1 | 13,113 EUR | 13,113 EUR |
| 2022 | 1 | 207 EUR | 207 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 738 companies in sector 23700 we hold annual accounts for 490. 410 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
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL 2025
23700Cutting, shaping and finishing of stone
Contact
Website
www.dewinter.orgSint-Katelijne-Waver
E-mail
info@dewinter.orgSint-Katelijne-Waver
Phone
015551194Sint-Katelijne-Waver
Fax
015551211Sint-Katelijne-Waver
Scores and ratios are computed by Checked and are not a credit decision.