Glaswerken Wintermans

Active

Private limited companyfounded 20196 yrs activeLierseweg(HRT) 326, 2200 Herentals, BelgiumKBO/BCE: BE 0737.408.153

The computed 12-month bankruptcy probability of Glaswerken Wintermans is 1.7% (moderate). The 2025 annual accounts show equity of €468k and a net result of €15k. Equity is growing by ~36.6% per year across the filed fiscal years. Its solvency ranks better than 33% of 7760 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

58 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability70▼-14

Solvency55▼-6

Growth52▼-26

Track record100

Bankruptcy probability, 12 months

1.7% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €25k at 30 days acceptable

Liquidity tight (current ratio 1.25 against 1.29 in 2024; short-term debt: 41.9% and cash: 15.7% of total assets), and 69.9% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

30.1%

Return on assets

Age of the figures

9 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-06-2026, 38 days ahead of the deadline.

NBB · 6 filings

Deviation from the deadline

2025

38 d early

2024

on the day

2023

22 d early

2022

7 d early

2021

26 d early

2020

24 d early

← before the deadline after the deadline →

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 months

Position in the running window

21-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Equity

€468k▲ 3.3%

2024 · €453k

2020: €51k 2021: €142k 2022: €155k 2023: €303k 2024: €453k

2020 → 2025

Total assets

€1.55M▲ 22.7%

2024 · €1.27M

2020: €1.67M 2021: €1.82M 2022: €2.20M 2023: €1.31M 2024: €1.27M

2020 → 2025

Net result

€15k▼ 90.0%

2024 · €150k

2020: €23k 2021: €90k 2022: €14k 2023: €148k 2024: €150k

2020 → 2025

Working capital

€164k▼ 23.6%

2024 · €214k

2020: €-366k 2021: €-286k 2022: €-218k 2023: €-2k 2024: €214k

2020 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€142k-€155k▲ 9.7%€303k▲ 95.0%€453k▲ 49.3%€468k▲ 3.3%

Operating result€99k-€21k▼ 78.7%€202k▲ 857%€189k▼ 6.7%€33k▼ 82.3%

Net result€90k-€14k▼ 84.7%€148k▲ 970%€150k▲ 1.3%€15k▼ 90.0%

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 82% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €1.55M

47.5%

52.5%

Fixed assets €739k▲ 143%

Current assets €816k▼ 15.2%

Equity and liabilities €1.55M

30.1%

69.9%

Equity €468k▲ 3.3%

Debt €1.09M▲ 33.5%

The debt ratio rises from 64.3% to 69.9%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€207k▼

2024 · €339k

Cash flow

€188k▼

2024 · €300k

Solvency

30.1%▼

2024 · 35.7%

Current ratio

1.25▼

2024 · 1.29

Quick ratio

1.10▲

2024 · 0.94

Debt / equity

2.32▲

2024 · 1.80

ROE

3.2%▼

2024 · 33.0%

ROA

1.0%▼

2024 · 11.8%

Interest coverage

7.53▼

2024 · 23.17

Debt

€1.09M▲

2024 · €814k

Debt ≤ 1 year

€652k▼

2024 · €749k

Debt > 1 year

€435k▲

2024 · €66k

Income taxes

€852▼

2024 · €69k

Staff costs

€1.11M▲

2024 · €1.06M

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€1.27M€1.55M▲

Fixed assets21/28€304k€739k▲

Intangible fixed assets21€45k€36k▼

Tangible fixed assets22/27€255k€699k▲

Land and buildings22€39k€28k▼

Plant, machinery and equipment23€129k€79k▼

Furniture and vehicles24€87k€64k▼

Leasing and similar rights25-€528k

Financial fixed assets28€4k€4k=

Current assets29/58€963k€816k▼

Stocks and contracts in progress3€258k€101k▼

Stocks30/36€98k€101k▲

Contracts in progress37€160k€0▼

Amounts receivable within one year40/41€489k€429k▼

Trade receivables40€430k€329k▼

Other amounts receivable41€59k€100k▲

Cash at bank and in hand54/58€206k€244k▲

Deferred charges and accrued income490/1€10k€41k▲

Equity and liabilities

Total equity and liabilities10/49€1.27M€1.55M▲

Equity10/15€453k€468k▲

Contributions10/11€20k€20k=

Reserves13€433k€448k▲

Distributable reserves133€433k€448k▲

Amounts payable17/49€814k€1.09M▲

Amounts payable after more than one year17€66k€435k▲

Financial debts170/4€66k€435k▲

Amounts payable within one year42/48€749k€652k▼

Current portion of amounts payable after more than one year42€83k€93k▲

Financial debts43€103k€120k▲

Credit institutions430/8€103k€120k▲

Trade debts44€371k€358k▼

Suppliers440/4€371k€358k▼

Advances received on contracts in progress46€400€0▼

Taxes, remuneration and social security45€187k€78k▼

Taxes450/3€101k€8k▼

Remuneration and social security454/9€86k€70k▼

Other amounts payable47/48€4k€4k▼

Income statement Code20242025

Non-recurring operating income76A-€0

Remuneration, social security and pensions62€1.06M€1.11M▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€150k€173k▲

Other operating charges640/8€15k€27k▲

Non-recurring operating charges66A€304€500▲

Gross operating margin9900€1.42M€1.34M▼

Operating profit (loss)9901€189k€33k▼

Financial income75/76B€44k€10k▼

Recurring financial income75€14k€10k▼

Non-recurring financial income76B€30k-

Financial charges65/66B€15k€27k▲

Recurring financial charges65€15k€27k▲

Profit (loss) for the period before taxes9903€219k€16k▼

Income taxes67/77€69k€852▼

Profit (loss) for the period9904€150k€15k▼

Profit (loss) for the period to be appropriated9905€150k€15k▼

Appropriation of the result

Profit (loss) to be appropriated9906€150k€15k▼

Transfer to equity691/2€150k€15k▼

To other reserves6921€150k€15k▼

Social balance

Average headcount (FTE)908716.216.3▲

The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 11Financial 5Filings 6

Next filing, fiscal year 2026, expected by 31-07-2027

2026

23-06

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

31-07

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-12

Financial Highest result since 2020net €150k ▲1.3%

Net result €150k, the highest in the series.

09-07

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

31-12

Financial Equity above €200kEq €303k ▲95%

4 profitable years in a row build equity to €303k.

24-07

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

31-12

Financial Weakest financial yearnet €14k ▼84.7%

Net result drops to €14k, the lowest in the series; recovery starts the following year.

31-12

Financial Equity above €150kEq €155k ▲9.7%

3 profitable years in a row build equity to €155k.

05-07

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

31-12

Financial Equity above €100kEq €142k ▲176%

2 profitable years in a row build equity to €142k.

07-07

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 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, Herentals · 1 establishment unit since 2019

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Lierseweg(HRT) 3262200 Herentals

Ground area

7,209 m²

Building footprint

2,156 m²

Volume, LiDAR

7,671 m³

Parcel 13011E0112/00K002, Flanders · tallest building 6.0 m, ±1 floor. Linked by address, not a title deed.

1 establishment unit

Glaswerken Wintermans

Lierseweg(HRT) 326, 2200 HerentalsSpecialised construction activities

since 20192.295.526.873

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
13011E0112/00K002	Flanders	7,209 m²	1 · 2,156 m²	6.0 m · 1 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

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

2024 to 2025 · 2 entries · 837 EUR awarded · 435 EUR paid

Year	Entries	awarded	paid
2025	1	522 EUR	435 EUR
2024	1	315 EUR	0 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

2 entries · 837 EUR · 435 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Recognised contractor

1 category

Glaswerken Wintermans BV45750

category D14, class 1

decision 05-01-2026

Similar companies · same sector, comparable size

Of 489 companies in sector 43343 we hold annual accounts for 294. 227 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded05-11-2019

Fiscal year end31-12

Activities, NACEBEL

43343Specialised construction activities

43320Joinery installation

43910Bricklaying and masonry work

43994Specialised construction activities

46831Wholesale of construction materials, general range

Sources

Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers

Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.