LIMBURG WIN(D)T
ActiveLIMBURG WIN(D)T has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.00M and a net result of €3.26M. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 26% of 268 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability84▼-9
Solvency36▲+2
Growth32▼-22
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €410k at 30 days acceptable
Liquidity ample (current ratio 2.41 against 1.41 in 2024; short-term debt: 16.3% and cash: 3.3% of total assets), but 89.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 35
Relative position
BE, all sectors
reference
Sector 35
lower
← 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
10.7%
Return on assets
5.8%
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 08-05-2026, 84 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
84 d early
2024
51 d early
2023
44 d early
2022
88 d early
2021
87 d early
2020
102 d early
2019
105 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€22.98M▼ 23.9%
2024 · €30.22M
2018: €23.90M
2019: €29.26M
2020: €26.15M
2021: €21.60M
2022: €24.91M
2023: €43.98M
2024: €30.22M
2018 → 2025
EBIT margin
24.7%▼ 26.7pp
2024 · 51.5%
2018: 33.1%
2019: 35.8%
2020: 35.5%
2021: 17.2%
2022: 33.2%
2023: 57.2%
2024: 51.5%
2018 → 2025
Net result
€3.26M▼ 70.9%
2024 · €11.20M
2018: €5.46M
2019: €7.20M
2020: €6.75M
2021: €2.81M
2022: €6.05M
2023: €18.13M
2024: €11.20M
2018 → 2025
Working capital
€12.93M▲ 57.2%
2024 · €8.22M
2018: €1.90M
2019: €6.61M
2020: €5.42M
2021: €2.92M
2022: €-3.18M
2023: €1.63M
2024: €8.22M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€21.60M-€24.91M▲ 15.3%€43.98M▲ 76.5%€30.22M▼ 31.3%€22.98M▼ 23.9%
Equity€6.00M-€6.00M=€6.00M=€6.00M=€6.00M=
Operating result€3.71M-€8.27M▲ 123%€25.14M▲ 204%€15.56M▼ 38.1%€5.69M▼ 63.4%
Net result€2.81M-€6.05M▲ 115%€18.13M▲ 200%€11.20M▼ 38.2%€3.26M▼ 70.9%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 63% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €56.28M
Fixed assets
€34.21M▼ 16.6%
Current assets
€22.08M▼ 22.3%
Equity and liabilities €56.28M
Equity
€6.00M=
Provisions
€1.90M▲ 6.4%
Debt
€48.38M▼ 21.5%
The debt ratio falls from 88.8% to 86.0%. Debt is lower.
Key figures and ratios
EBITDA
€13.95M▼
2024 · €23.71M
Cash flow
€11.52M▼
2024 · €19.36M
Solvency
10.7%▲
2024 · 8.6%
Current ratio
2.41▲
2024 · 1.41
Quick ratio
2.22▲
2024 · 1.25
Debt / equity
8.07▼
2024 · 10.28
ROE
54.4%▼
2024 · 186.8%
ROA
5.8%▼
2024 · 16.1%
Interest coverage
8.95▼
2024 · 13.80
Debt
€48.38M▼
2024 · €61.62M
Debt ≤ 1 year
€9.15M▼
2024 · €20.18M
Debt > 1 year
€38.71M▼
2024 · €41.01M
Income taxes
€947k▼
2024 · €2.90M
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€69.40M€56.28M▼
Fixed assets21/28€41.01M€34.21M▼
Tangible fixed assets22/27€40.96M€34.16M▼
Plant, machinery and equipment23€30.49M€34.16M▲
Assets under construction and advance payments27€10.47M-
Financial fixed assets28€50k€50k=
Companies linked by participating interests282/3€50k€50k=
Participating interests282€50k€50k=
Current assets29/58€28.40M€22.08M▼
Stocks and contracts in progress3€3.14M€1.76M▼
Stocks30/36€3.14M€1.76M▼
Finished goods33€3.14M€1.76M▼
Amounts receivable within one year40/41€7.34M€12.95M▲
Trade receivables40€6.66M€12.34M▲
Other amounts receivable41€681k€616k▼
Current investments50/53€13.23M€5.04M▼
Other investments51/53€13.23M€5.04M▼
Cash at bank and in hand54/58€3.51M€1.86M▼
Deferred charges and accrued income490/1€1.18M€458k▼
Equity and liabilities
Total equity and liabilities10/49€69.40M€56.28M▼
Equity10/15€6.00M€6.00M=
Contributions10/11€5.45M€5.45M=
Capital10€5.45M€5.45M=
Issued capital100€5.45M€5.45M=
Reserves13€545k€545k=
Non-distributable reserves130/1€545k€545k=
Legal reserve130€545k€545k=
Profit (loss) carried forward14€345€2k▲
Provisions and deferred taxes16€1.79M€1.90M▲
Provisions for liabilities and charges160/5€1.79M€1.90M▲
Environmental obligations163€1.79M€1.90M▲
Amounts payable17/49€61.62M€48.38M▼
Amounts payable after more than one year17€41.01M€38.71M▼
Financial debts170/4€41.01M€38.71M▼
Subordinated loans170€12.86M€14.16M▲
Credit institutions173€28.15M€24.55M▼
Amounts payable within one year42/48€20.18M€9.15M▼
Current portion of amounts payable after more than one year42€4.35M€3.60M▼
Trade debts44€1.48M€1.11M▼
Suppliers440/4€1.48M€1.11M▼
Taxes, remuneration and social security45€3.14M€1.18M▼
Taxes450/3€3.14M€1.18M▼
Other amounts payable47/48€11.20M€3.26M▼
Accrued charges and deferred income492/3€439k€527k▲
Income statement
Code20242025
Operating income70/76A€31.42M€21.71M▼
Turnover70€30.22M€22.98M▼
Change in stocks of work in progress, finished goods and contracts in progress71€654k€-1.37M▼
Other operating income74€552k€103k▼
Non-recurring operating income76A-€2k
Operating charges60/66A€15.87M€16.03M▲
Goods for resale, raw materials and consumables60€74k€137k▲
Purchases600/8€74k€137k▲
Services and other goods61€7.51M€7.51M=
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8.16M€8.26M▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€120k€115k▼
Other operating charges640/8€10k€8k▼
Operating profit (loss)9901€15.56M€5.69M▼
Financial income75/76B€260k€84k▼
Recurring financial income75€260k€84k▼
Income from financial fixed assets750€2k€1k▼
Income from current assets751€259k€83k▼
Financial charges65/66B€1.72M€1.56M▼
Recurring financial charges65€1.72M€1.56M▼
Debt charges650€1.72M€1.56M▼
Other financial charges652/9€4k€1k▼
Profit (loss) for the period before taxes9903€14.09M€4.21M▼
Income taxes67/77€2.90M€947k▼
Taxes670/3€2.90M€947k▼
Profit (loss) for the period9904€11.20M€3.26M▼
Profit (loss) for the period to be appropriated9905€11.20M€3.26M▼
Appropriation of the result
Profit (loss) to be appropriated9906€11.20M€3.26M▼
Profit (loss) brought forward from the previous period14P€474€345▼
Profit to be distributed694/7€11.20M€3.26M▼
Return on contributions (dividend)694€11.20M€3.26M▼
The notes to these accounts (37 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
08-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
25-03
State Gazette act
Resignations & appointmentsBoard meeting · Permanent representative3 facts ▸
State Gazette act
Resignations & appointments
Board meeting · Permanent representative3 facts ▸
- Board meeting, 24/02/2026
- Permanent representative, Luc Driesen (vaste vertegenwoordiger)
- Permanent representative, Roeland Engelen
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €18.13M ▲200%
Operating result €25.14M, net result €18.13M, both a record.
04-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
05-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €2.81M ▼58.3%
Net result drops to €2.81M, the lowest in the series; recovery starts the following year.
20-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
17-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
02-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
02-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2020
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
17-01-2020
VOF PANTA RHEI: Resigned as Director
01-10-2018
LIMBURGSE RECONVERSIE MAATSCHAPPIJ: Resigned as Director
01-10-2018
LRM Beheer: Resigned as Director
24-06-2016
Aspiravi NV: Resigned as Director
09-02-2016
Aspiravi NV: Resigned as Director
Location & real-estate footprint
Registered office, Hasselt · 1 establishment unit since 2010
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.
Herkenrodesingel 143500 HasseltGround area
8,088 m²
Building footprint
2,092 m²
Volume, LiDAR
11,822 m³
2 parcels, Flanders · tallest building 17.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Limburg Win(d)t
since 20102.186.931.118
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34354D0092/00F000 | Flanders | 5,043 m² | 1 · 811 m² | 17.6 m · 4 fl. |
| 71327G0703/00A000 | Flanders | 3,046 m² | 1 · 1,282 m² | 10.5 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
1 auditor| VGD Bedrijfsrevisoren BV Statutory auditor · represented by Jurgen Lelie | - → 13-10-2020 |
Structure & network
Connections & network
23 connected companiesNetwork connections
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Recognitions · licences · registrations
Legal Entity Identifier
5299008QOW6AUK3AL041
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Of 815 companies in sector 35110 we hold annual accounts for 631. 309 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded24-11-2009
Fiscal year end31-12
Activities, NACEBEL
35110Production of electricity from non-renewable sources
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.