ETS DE WINTER
ActiveSummary
ETS DE WINTER has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €657k and a net result of €90k. Equity is growing by ~29.8% per year across the filed fiscal years. Its solvency ranks better than 38% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75=
Solvency59▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 1.97 against 1.87 in 2024; short-term debt: 20.4% and cash: 19.4% of total assets), but 65.7% of the assets are financed with debt.
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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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
34.3%
Return on assets
4.7%
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
61 d late
2023
23 d late
2022
4 d early
2021
26 d late
2020
4 d early
2019
67 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
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€90k▼ 10.5%
2024 · €101k
Working capital
€380k▲ 16.8%
2024 · €325k
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
Operating result€58k▲ 125%€28k▼ 51.1%€144k▲ 411%€143k▼ 0.8%€142k▼ 0.5%
Net result€50k▲ 81.3%€25k▼ 49.1%€127k▲ 400%€101k▼ 20.9%€90k▼ 10.5%
Equity€217k▲ 29.1%€242k▲ 11.3%€368k▲ 52.2%€570k▲ 54.7%€657k▲ 15.2%
Total assets€466k▲ 44.6%€1.65M▲ 255%€1.76M▲ 6.5%€1.93M▲ 9.8%€1.91M▼ 1.0%
Debt€249k▲ 61.6%€1.41M▲ 467%€1.39M▼ 1.3%€1.33M▼ 4.5%€1.22M▼ 8.0%
Working capital€131k▲ 20.1%€49k▼ 62.3%€115k▲ 134%€325k▲ 182%€380k▲ 16.8%
Staff (FTE)12.1▲ 72.9%16.8▲ 38.8%18.7▲ 11.3%18.2▼ 2.7%21.4▲ 17.6%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 1% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.91M
Fixed assets
€1.14M ▼ 7.4%
Current assets
€770k ▲ 10.2%
Equity and liabilities €1.91M
Equity
€657k ▲ 15.2%
Provisions
€33k ▼ 3.1%
Debt
€1.22M ▼ 8.0%
Debt's share of the balance-sheet total falls from 68.7% to 63.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€274k▼
2024 · €286k
Cash flow
€222k▼
2024 · €243k
Current ratio
1.97▲
2024 · 1.87
Quick ratio
1.71▼
2024 · 1.80
Debt to equity
1.86▼
2024 · 2.33
ROE
13.7%▼
2024 · 17.6%
ROA
4.7%▼
2024 · 5.2%
Interest coverage
9.09▼
2024 · 11.06
Debt ≤ 1 year
€391k▲
2024 · €374k
Debt > 1 year
€829k▼
2024 · €939k
Income taxes
€45k▲
2024 · €41k
Staff costs
€1.31M▲
2024 · €1.12M
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €472k | €854k | €1.11M | €1.12M | €1.31M | ▲ 16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €34k | €81k | €127k | €142k | €132k | ▼ 7.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €3k | - | - | - | - | - |
| Other operating charges640/8 | €8k | €23k | €3k | €4k | €17k | ▲ 301% |
| Gross operating margin9900 | €574k | €986k | €1.39M | €1.41M | €1.60M | ▲ 13.4% |
| Operating profit (loss)9901 | €58k | €28k | €144k | €143k | €142k | ▼ 0.5% |
| Financial income75/76B | €18k | €22k | €23k | €23k | €32k | ▲ 34.3% |
| Recurring financial income75 | €18k | €22k | €23k | €23k | €32k | ▲ 34.3% |
| Financial charges65/66B | €3k | €22k | €26k | €26k | €40k | ▲ 54.9% |
| Recurring financial charges65 | €3k | €22k | €26k | €26k | €30k | ▲ 16.8% |
| Non-recurring financial charges66B | - | - | - | - | €10k | - |
| Profit (loss) for the period before taxes9903 | €72k | €28k | €141k | €141k | €134k | ▼ 4.9% |
| Transfer from deferred taxes780 | - | - | - | €1k | €1k | = |
| Income taxes67/77 | €22k | €2k | €14k | €41k | €45k | ▲ 8.9% |
| Profit (loss) for the period9904 | €50k | €25k | €127k | €101k | €90k | ▼ 10.5% |
| Profit (loss) for the period to be appropriated9905 | €50k | €25k | €127k | €101k | €90k | ▼ 10.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €466k | €1.65M | €1.76M | €1.93M | €1.91M | ▼ 1.0% |
| Fixed assets21/28 | €132k | €1.19M | €1.24M | €1.23M | €1.14M | ▼ 7.4% |
| Tangible fixed assets22/27 | €128k | €1.19M | €1.24M | €1.23M | €1.14M | ▼ 7.5% |
| Land and buildings22 | - | €908k | €998k | €1.03M | €987k | ▼ 3.8% |
| Plant, machinery and equipment23 | €33k | €62k | €50k | €47k | €29k | ▼ 38.0% |
| Furniture and vehicles24 | €75k | €208k | €184k | €158k | €124k | ▼ 21.4% |
| Leasing and similar rights25 | €20k | €12k | €7k | €2k | - | - |
| Financial fixed assets28 | €3k | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €334k | €459k | €518k | €699k | €770k | ▲ 10.2% |
| Stocks and contracts in progress3 | €22k | €25k | €20k | €24k | €103k | ▲ 323% |
| Stocks30/36 | €22k | €25k | €20k | €24k | €103k | ▲ 323% |
| Amounts receivable within one year40/41 | €125k | €307k | €259k | €315k | €278k | ▼ 11.8% |
| Trade receivables40 | €77k | €207k | €246k | €282k | €252k | ▼ 10.6% |
| Other amounts receivable41 | €48k | €100k | €13k | €34k | €27k | ▼ 21.2% |
| Cash at bank and in hand54/58 | €176k | €110k | €215k | €354k | €371k | ▲ 4.9% |
| Deferred charges and accrued income490/1 | €12k | €18k | €24k | €6k | €19k | ▲ 223% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €466k | €1.65M | €1.76M | €1.93M | €1.91M | ▼ 1.0% |
| Equity10/15 | €217k | €242k | €368k | €570k | €657k | ▲ 15.2% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €112k | €136k | €261k | €360k | €450k | ▲ 25.0% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €110k | €134k | €261k | €360k | €450k | ▲ 25.0% |
| Profit (loss) carried forward14 | €87k | €87k | €89k | €89k | €89k | ▲ 0.1% |
| Investment grants15 | - | - | - | €102k | €99k | ▼ 3.1% |
| Provisions and deferred taxes16 | - | - | - | €34k | €33k | ▼ 3.1% |
| Deferred taxes168 | - | - | - | €34k | €33k | ▼ 3.1% |
| Amounts payable17/49 | €249k | €1.41M | €1.39M | €1.33M | €1.22M | ▼ 8.0% |
| Amounts payable after more than one year17 | €42k | €996k | €928k | €939k | €829k | ▼ 11.8% |
| Financial debts170/4 | €42k | €996k | €928k | €939k | €829k | ▼ 11.8% |
| Amounts payable within one year42/48 | €204k | €410k | €403k | €374k | €391k | ▲ 4.5% |
| Current portion of amounts payable after more than one year42 | €78k | €132k | €135k | €133k | €113k | ▼ 15.2% |
| Financial debts43 | - | €42k | - | - | - | - |
| Credit institutions430/8 | - | €42k | - | - | - | - |
| Trade debts44 | €38k | €121k | €181k | €132k | €130k | ▼ 1.6% |
| Suppliers440/4 | €38k | €121k | €181k | €132k | €130k | ▼ 1.6% |
| Taxes, remuneration and social security45 | €54k | €98k | €66k | €72k | €103k | ▲ 43.2% |
| Taxes450/3 | €2k | €4k | €16k | €17k | €32k | ▲ 86.0% |
| Remuneration and social security454/9 | €51k | €95k | €49k | €55k | €71k | ▲ 29.7% |
| Other amounts payable47/48 | €35k | €16k | €22k | €38k | €46k | ▲ 21.7% |
| Accrued charges and deferred income492/3 | €2k | €4k | €60k | €15k | €3k | ▼ 81.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €50k | €25k | €127k | €101k | €90k | ▼ 10.5% |
| + Depreciation and write-downs630 | €34k | €81k | €127k | €142k | €132k | ▼ 7.6% |
| Operating cash flow (approximation) | €84k | €107k | €254k | €243k | €222k | ▼ 8.8% |
| Investment in fixed assets (approximation) | - | €-1.14M | €-176k | €-134k | €-40k | ▲ 70.3% |
| Change in cash | - | €-66k | €106k | €138k | €17k | ▼ 87.5% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 61 days late
2024
31-12
Financial
Equity above €500kEq €570k ▲54.7%
7 profitable years in a row build equity to €570k.
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 23 days late
2023
31-12
Financial
Highest result since 2018net €127k ▲400%
Operating result €144k, net result €127k, both a record.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Equity above €200kEq €217k ▲29.1%
4 profitable years in a row build equity to €217k.
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150kEq €168k ▲19.5%
3 profitable years in a row build equity to €168k.
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 67 days late
2019
01-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 1 day late
2018
09-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 9 days late
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro 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, Soignies · 1 establishment unit since 2009
Ground area
3,476 m²
Building footprint
216 m²
Volume, LiDAR
1,284 m³
2 parcels, Wallonia · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Chemin de la Longue Borne 32, 7060 Soignies
since 20092.177.210.827
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55040A0717/00W000 | Wallonia | 2,411 m² | - | - |
| 55018B1041/02H000 | Wallonia | 1,065 m² | 1 · 216 m² | 8.9 m · 2 fl. |
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.
Recognitions · licences · registrations
Recognised contractor
15 categoriesETS DE WINTER SRL37226
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Of 9,534 companies in sector 43222 we hold annual accounts for 5,664. 3,681 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
Founded05-02-2009
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43211General electrical installation work
43221Plumbing work
Contact
Scores and ratios are computed by Checked and are not a credit decision.