E-Win Project
ActiveFrom the official registers: KBO 3 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
E-Win Project has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €161,352 and a net result of €62,197. Equity is growing by about 56% per year across the filed financial years. Its solvency ranks better than 95% of 34,855 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Official details
KBO- Status
- Active since 03-10-2022 Normal situation
- Legal form
- Private limited company
- Registered office
- Voie aux Pierres 10, 4652 Herve
- Activity
- Other construction installation NACE 43240and 1 other
- Establishment unit
- 2.336.931.423 4652 Herve, since 03-10-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 08-08-2025
How it is doing
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €90,472
- ▲ 13.3%
- Turnover
- ≈ €360,000
- estimated
- Profit
- €62,197
- ▲ 26.1%
- Equity
- €161,352
- ▲ 62.7%
- Total assets
- €173,171
- ▲ 37.7%
Why 99raises riskFounded in 2022lowers riskLiquidity: current ratio 25.14, cash €110,211Equity €161,352 (93.2% of total assets)Figures for financial year 2025 (filed 05-06-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 90% on solvency, 98% on liquidity, 92% on profitability and 86% on growth.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 3 accounts on average 1 day after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials · financial year 2025, micro format
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 05-06-2026
- Format
- micro format
- Reference
- 2026-00139280
2023 to 2025, 3 financial years
The operating result has risen two years in a row; 2025 is 13% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.9% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a lower bankruptcy probability: 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 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 74.5% 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 39,278 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.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,665 | €8,293 | €8,969 | ▲ 8.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €3,747 | €0 | -€12 | - |
| Other operating charges640/8 | €469 | €610 | €1,220 | ▲ 99.9% |
| Gross operating margin9900 | €75,292 | €79,865 | €90,472 | ▲ 13.3% |
| Operating profit (loss)9901 | €65,411 | €70,962 | €80,295 | ▲ 13.2% |
| Financial charges65/66B | €889 | €1,408 | €1,440 | ▲ 2.3% |
| Recurring financial charges65 | €889 | €1,408 | €1,440 | ▲ 2.3% |
| Profit (loss) for the period before taxes9903 | €64,522 | €69,554 | €78,855 | ▲ 13.4% |
| Income taxes67/77 | €17,694 | €20,227 | €16,658 | ▼ 17.6% |
| Profit (loss) for the period9904 | €46,828 | €49,326 | €62,197 | ▲ 26.1% |
| Profit (loss) for the period to be appropriated9905 | €46,828 | €49,326 | €62,197 | ▲ 26.1% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €82,061 | €125,734 | €173,171 | ▲ 37.7% |
| Fixed assets21/28 | €34,858 | €30,493 | €21,523 | ▼ 29.4% |
| Tangible fixed assets22/27 | €34,858 | €30,493 | €21,523 | ▼ 29.4% |
| Plant, machinery and equipment23 | €1,836 | €5,274 | €4,108 | ▼ 22.1% |
| Furniture and vehicles24 | €33,022 | €25,219 | €17,415 | ▼ 30.9% |
| Current assets29/58 | €47,203 | €95,241 | €151,648 | ▲ 59.2% |
| Amounts receivable within one year40/41 | €10,495 | €35,655 | €39,512 | ▲ 10.8% |
| Trade receivables40 | €10,488 | €21,848 | €33,052 | ▲ 51.3% |
| Other amounts receivable41 | €8 | €13,807 | €6,461 | ▼ 53.2% |
| Cash at bank and in hand54/58 | €35,893 | €57,482 | €110,211 | ▲ 91.7% |
| Deferred charges and accrued income490/1 | €815 | €2,105 | €1,924 | ▼ 8.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €82,061 | €125,734 | €173,171 | ▲ 37.7% |
| Equity10/15 | €49,828 | €99,155 | €161,352 | ▲ 62.7% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €46,828 | €96,155 | €96,155 | = |
| Distributable reserves133 | €46,828 | €96,155 | €96,155 | = |
| Profit (loss) carried forward14 | - | - | €62,197 | - |
| Amounts payable17/49 | €32,233 | €26,580 | €11,819 | ▼ 55.5% |
| Amounts payable after more than one year17 | €13,834 | €9,902 | €5,786 | ▼ 41.6% |
| Financial debts170/4 | €13,834 | €9,902 | €5,786 | ▼ 41.6% |
| Amounts payable within one year42/48 | €18,398 | €16,678 | €6,033 | ▼ 63.8% |
| Current portion of amounts payable after more than one year42 | €3,756 | €3,932 | €4,115 | ▲ 4.7% |
| Trade debts44 | €12,631 | €4,518 | €1,877 | ▼ 58.5% |
| Suppliers440/4 | €12,631 | €4,518 | €1,877 | ▼ 58.5% |
| Taxes, remuneration and social security45 | €2,012 | €8,227 | €0 | ▼ 100% |
| Taxes450/3 | €2,012 | €8,227 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | €41 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €46,828 | €49,326 | €62,197 | ▲ 26.1% |
| + Depreciation and write-downs630 | €5,665 | €8,293 | €8,969 | ▲ 8.2% |
| Operating cash flow (approximation) | €52,493 | €57,620 | €71,167 | ▲ 23.5% |
| Investment in fixed assets (approximation) | - | -€3,928 | €0 | - |
| Change in cash | - | €21,589 | €52,729 | ▲ 144% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| WINTGENS Grégory Daniel Michel Ghislain |
|
How the board is organised
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Organe d'administration, 1”
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Assemblée générale, formes modifications statuts”
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed
Articles of association, deed of 05-10-2022
Owners and capital
Capital and shareholders
- WINTGENS Grégory Daniel Michel Ghislain 100 shares (100%) · €3,000 in cash
- 05-10-2022 Incorporation · €3,000 · 100 shares
Shares according to the articles of association
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, usufruitier et nu-propriétaire inscrits séparément avec indication de leurs droits respectifs”
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Moitié à charge du cédant et moitié à charge du ou des acquéreurs proportionnellement au nombre d'actions acquises, mêmes formalités pour…”“Moitié cédant moitié acquéreurs au prorata si plusieurs, entre vifs onéreux ou gratuit,volontaires ou forcées,usufruit nue-propriété pleine…”
Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
Articles of association, deed of 05-10-2022 (in French)
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
05-10
Gazette deed
IncorporationAppointment: WINTGENS Grégory Daniel Michel Ghislain (director) · Permanent representative: WINTGENS Grégory Daniel Michel Ghislain · Founder11 facts ▸
- Incorporation, 28-09-2022
- Founder, WINTGENS Grégory Daniel Michel Ghislain
- Other provision, “plan financier, préalablement à la passation de l'acte constitutif” (deed in French)
- Founding capital, €3,000
- Bank account, “dépôt des versements, compte spécial ouvert au nom de la société en formation” (deed in French)
- Capital
- Registered office clause, “4652 HERVE (Xhendelesse), Voie aux Pierres 10” (deed in French)
- Board rule, 1
- Director appointment, WINTGENS Grégory Daniel Michel Ghislain (director (not named in the articles))
- Permanent representative, WINTGENS Grégory Daniel Michel Ghislain
- Pre-incorporation commitments, “takeover, engagements,obligations et activités entrepris au nom et pour compte de la société en formation” (deed in French)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordWhere it is based
What it does
NACEBEL 2025Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0791.795.162
Financial year and general meeting
Accounts at the NBBScores and ratios are computed by Checked and are not a credit decision.
Purpose, financial year and meetings according to the articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Les travaux d'installation électrique et de systèmes mécaniques constitués d'éléments électriques; L'installation de câbles et appareils…”
40 activities
- Les travaux d'installation électrique et de systèmes mécaniques constitués d'éléments électriques
- L'installation de câbles et appareils électriques
- La Réparation d'équipements électriques
- Commerce de gros de matériels électriques d'installation à usage domestique,y compris le matériel d'installation
- Le Commerce de détail d'appareils électroménagers en magasin spécialisé
- L'installation de systèmes d'installation de secours(groupes électrogènes)
- L'installation d'installations électriques de chauffage
- L'installation de système de sécurité,vidéo surveillance,système de camera,d'alarmes dans le sens le plus large du terme
- L'installation de systèmes de technique de surveillance et d'alarme contre les effractions
- Toutes activités liées aux systèmes de sécurité
- Travaux d'entretien et réparations mécaniques pour des tiers
- Fabrication et installation de matériel de levage et de manutention et leur démontage
- Fabrication et installation d'ascenseurs,d'escaliers mécaniques et de trottoirs roulants et leur démontage
- Travaux d'installation électrotechnique autres que de bâtiment
- Travaux d'installation de ventilation mécanique
- Travaux d'installation de tous système de production d'énergie tels que par exemple l'installation de panneaux photovoltaïques
- Tout installation de domotique
- L'installation de tout portail électrique,portes de garage
- Tous Autres travaux d'achèvement et de finition des bâtiments
- Mise en oeuvre dans des bâtiments ou d'autres projets de construction de:matériaux d'isolation thermique,matériaux d'isolation acoustique et antivibratile
- Installation de stores et bannes
- Montage et démontage d'échafaudages et de plates-formes travail
- Location de machines-outils et de matériel de bricolage
- Location et location-bail d'autres machines,équipements et biens matériels
- Réparation d'équipements de communication
- Réparation de produits électroniques grand public
- Réparation d'appareils électroménagers et d'équipements pour la maison et le jardin
- La réparation,le dépannage et l'entretien d'ascenseur et d'escaliers mécaniques
- Commerce de détail de matériaux de construction en magasin spécialisé,assortiment général
- Le montage et démontage de menuiseries extérieures et intérieures métalliques
- Le montage et démontage de charpentes
- L'entreprise de charpenterie et de menuiserie du bâtiment,intérieur et extérieur,l'entreprise de pose de parquets et de tous revêtements en bois des murs et du sol,l'entreprise de fabrication et de placement de volets en bois,l'entreprise de couverture de constructions et l'entreprise de fabrication et de placement de cloisons et de faux-plafonds
- Conseil informatique
- Activités de conseil aux utilisateurs concernant le type et la configuration du matériel informatique et les applications logicielles
- Autres activités informatiques
- Installation de systèmes de télécommunication et installations informatiques
- La mise à jour des programmes informatiques ou électriques
- Réparation d'ordinateurs et d'équipements périphériques
- Transmission des sons,des images,de données ou d'autres informations par câble,par voie hertzienne,par relais ou par satellite
- Autres activités de télécommunication
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- E-Win Project
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Faire constater authentiquement la modification statutaire éventuelle, Région wallonne”
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of June at 18:00
Articles of association, deed of 05-10-2022 (in French)
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 63085B0508/00M000 | Wallonia | 761 m² | 1 · 142 m² | 5.0 m · 1 |