HAAGWINDE
ActiveHAAGWINDE has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €16k and a net result of €-13k. Equity is shrinking by ~16.8% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 16% of 2176 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
47
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability26▲+13
Solvency31▼-12
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 2.27 against 25.41 in 2024; short-term debt: 44.1% and cash: 12.5% of total assets), but 94.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
5.9%
Return on assets
-4.5%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-13k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 2176 sector peers (2025).
NBB · sector comparisonPosition among 2176 sector peers
Solvency
better than 16%
← weakest
strongest →
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 28-05-2026, 64 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
64 d early
2024
126 d early
2023
119 d early
2022
21 d early
2021
27 d early
2020
44 d early
2019
39 d early
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€16k▼ 43.4%
2024 · €29k
2019: €77k
2020: €74k
2021: €69k
2022: €67k
2023: €44k
2024: €29k
2019 → 2025
Total assets
€277k▲ 72.0%
2024 · €161k
2019: €80k
2020: €76k
2021: €71k
2022: €69k
2023: €171k
2024: €161k
2019 → 2025
Net result
€-13k▲ 19.1%
2024 · €-15k
2019: €-2k
2020: €-3k
2021: €-5k
2022: €-1k
2023: €-23k
2024: €-15k
2019 → 2025
Working capital
€155k▲ 0.2%
2024 · €155k
2019: €79k
2020: €75k
2021: €69k
2022: €68k
2023: €164k
2024: €155k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€69k-€67k▼ 1.9%€44k▼ 34.2%€29k▼ 34.9%€16k▼ 43.4%
Operating result€-5k-€-965▲ 81.2%€-19k▼ 1,861%€-9k▲ 54.8%€-5k▲ 38.3%
Net result€-5k-€-1k▲ 75.7%€-23k▼ 1,669%€-15k▲ 32.8%€-13k▲ 19.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5k in 2025 against €9k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €277k
Equity
€16k▼ 43.4%
Debt
€260k▲ 97.3%
The debt ratio rises from 82.0% to 94.1%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
5.9%▼
2024 · 18.0%
Current ratio
2.27▼
2024 · 25.41
Quick ratio
0.42▼
2024 · 9.93
Debt / equity
15.92▲
2024 · 4.57
ROE
-76.6%▼
2024 · -53.6%
ROA
-4.5%▲
2024 · -9.6%
Debt
€260k▲
2024 · €132k
Debt ≤ 1 year
€122k▲
2024 · €6k
Debt > 1 year
€132k▲
2024 · €126k
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€161k€277k▲
Current assets29/58€161k€277k▲
Stocks and contracts in progress3€98k€226k▲
Contracts in progress37€98k€226k▲
Amounts receivable within one year40/41€22k€16k▼
Other amounts receivable41€22k€16k▼
Cash at bank and in hand54/58€41k€35k▼
Equity and liabilities
Total equity and liabilities10/49€161k€277k▲
Equity10/15€29k€16k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€-39k€-52k▼
Amounts payable17/49€132k€260k▲
Amounts payable after more than one year17€126k€132k▲
Financial debts170/4€126k€132k▲
Amounts payable within one year42/48€6k€122k▲
Trade debts44€126€122k▲
Suppliers440/4€126€122k▲
Other amounts payable47/48€6k€0▼
Accrued charges and deferred income492/3-€7k
Income statement
Code20242025
Other operating charges640/8€513€31k▲
Gross operating margin9900€-8k€26k▲
Operating profit (loss)9901€-9k€-5k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€7k€7k▲
Recurring financial charges65€7k€7k▲
Profit (loss) for the period before taxes9903€-15k€-13k▲
Profit (loss) for the period9904€-15k€-13k▲
Profit (loss) for the period to be appropriated9905€-15k€-13k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-39k€-52k▼
Profit (loss) brought forward from the previous period14P€-24k€-39k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
27-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
03-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-23k
Net result drops to €-23k, the lowest in the series; recovery starts the following year.
07-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-07
Financial
Liquidity doublescurrent ratio 114.57
Current ratio from 52.44 to 114.57; short-term debt falls from €1k to €600.
01-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
15-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
21-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
25-01
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.
Directors · office · real estate
Directors
7 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, Knokke-Heist · 1 establishment unit since 1999
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.
Kalfstraat 438300 Knokke-HeistGround area
4,178 m²
Building footprint
224 m²
Volume, LiDAR
1,039 m³
Parcel 31333I0965/00H000, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kalfstraat 43, 8300 Knokke-Heist
since 19992.092.962.961
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31333I0965/00H000 | Flanders | 4,178 m² | 1 · 224 m² | 7.7 m · 2 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.
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Of 29,801 companies in sector 41001 we hold annual accounts for 16,045. 10,969 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded24-08-1999
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
45211
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesPhone:09-376.14.11
Fax:09-376.14.83