MARWIN
ActiveSummary
The computed 12-month bankruptcy probability of MARWIN is 1.8% (moderate). The annual accounts of MARWIN for financial year 2025 show a net loss of 80% of total assets and of 98% of the equity at the start of that year. The 2025 annual accounts show equity of €1,229 and a net result of -€57,699. Equity is shrinking by about 16% per year across the filed financial years. Its solvency ranks better than 10% of 34,718 sector peers (NACE 43, financial year 2025). The company has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Joinery installation
NACE 43320
1 site
Size
€71,862total assets 2025
- Staff
- 1 FTE
- Equity
- €1,229
- Loss
- -€57,699
Turnover not published (micro format)
Why 52raises riskLoss of €57,699 (financial year 2025)Sector: Specialised construction activities (NACE 43)Equity €1,229 (1.7% of total assets)lowers riskSize: total assets €71,862Show the evidence
Checked score
Score 2025
52
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 6% of its sector peers (NACE 43, micro)
Financial strength · tick = 2024
Weak
Solvency
27-45
equity 1.7% of total assets
Liquidity
12-28
short-term debt 93.5% · cash 10.0%
Profitability
0-91
return on assets -80.3%
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 1.2%
12-2024: 1.2%● unchanged vs 11-2024
01-2025: 1.2%● unchanged vs 12-2024
02-2025: 1.1%▼ -0.1 percentage points vs 01-2025
03-2025: 1.1%● unchanged vs 02-2025
04-2025: 1.2%▲ +0.1 percentage points vs 03-2025
05-2025: 1.2%● unchanged vs 04-2025
06-2025: 1.2%● unchanged vs 05-2025
07-2025: 1.4%▲ +0.2 percentage points vs 06-2025
08-2025: 0.2%▼ -1.2 percentage points vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025lowest value
02-2026: 0.2%● unchanged vs 01-2026lowest value
03-2026: 0.2%● unchanged vs 02-2026lowest value
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 1.8%▲ +1.6 percentage points vs 07-2026highest value
09-2026: 1.8%● unchanged vs 08-2026highest value
10-2026: 1.8%● unchanged vs 09-2026highest value
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.05, compared with 1.88 in 2024, below the usual 1.5; short-term debt: 93.5% and cash: 10% of total assets), and 98.3% of the assets are financed with debt and provisions.
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 9% on solvency, 7% on liquidity, 4% on profitability and 4% on growth.
The bankruptcy probability was computed on 26-10-2026 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
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 34718 sector peers (2025).
NBB · sector comparisonPosition among 34718 sector peers
Solvency
better than 10%
← 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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 days early
2024
23 days early
2023
15 days early
2022
7 days early
2021
31 days early
2020
23 days early
2019
8 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 18 days before 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)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 13 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
27-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · micro…
- Weakest financial yearnet -€57,699
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
Equity
€1,229▼ 97.9%
2024 · €58,929
Total assets
€71,862▼ 43.2%
2024 · €126,470
Net result
-€57,699
2024 · €22,014
Working capital
€3,038▼ 94.6%
2024 · €56,580
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result turns negative in 2025: a loss of €53,523 after €27,389 in 2024, the lowest 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.
Operating result-€53,523
2025
Net result-€57,699
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€71,862
2025
Equity€1,229
2025
Debt€70,633
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€3,038
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-80.3%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency1.7%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.05
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)1
2025
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), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€17,550-€106,404▲ 506%-€5,888€8,727-€18,367-€40,967▼ 123%€27,389-€53,523
Net result€10,942-€97,725▲ 793%-€7,041below the sector's middle half-€2,470below the sector's middle half▲ 64.9%-€20,570below the sector's middle half▼ 733%-€44,318below the sector's middle half▼ 115%€22,014within the sector's middle half-€57,699below the sector's middle half
Equity€13,589-€111,314▲ 719%€104,274within the sector's middle half▼ 6.3%€101,803within the sector's middle half▼ 2.4%€81,233within the sector's middle half▼ 20.2%€36,915within the sector's middle half▼ 54.6%€58,929within the sector's middle half▲ 59.6%€1,229below the sector's middle half▼ 97.9%
Total assets€93,767-€150,613▲ 60.6%€162,511within the sector's middle half▲ 7.9%€153,573within the sector's middle half▼ 5.5%€144,153within the sector's middle half▼ 6.1%€93,907within the sector's middle half▼ 34.9%€126,470within the sector's middle half▲ 34.7%€71,862within the sector's middle half▼ 43.2%
Debt€80,178-€39,299▼ 51.0%€58,238▲ 48.2%€51,770▼ 11.1%€62,920▲ 21.5%€56,993▼ 9.4%€67,542▲ 18.5%€70,633▲ 4.6%
Working capital€11,492-€114,178▲ 894%€83,241within the sector's middle half▼ 27.1%€79,394within the sector's middle half▼ 4.6%€62,752within the sector's middle half▼ 21.0%€24,239within the sector's middle half▼ 61.4%€56,580within the sector's middle half▲ 133%€3,038below the sector's middle half▼ 94.6%
Solvency14.5%-73.9%▲ 59.4pp64.2%within the sector's middle half▼ 9.7pp66.3%above the sector's middle half▲ 2.1pp56.4%within the sector's middle half▼ 9.9pp39.3%within the sector's middle half▼ 17.0pp46.6%within the sector's middle half▲ 7.3pp1.7%below the sector's middle half▼ 44.9pp
Current ratio1.15-4.16▲ 3.012.83within the sector's middle half▼ 1.332.65within the sector's middle half▼ 0.182.02within the sector's middle half▼ 0.631.43within the sector's middle half▼ 0.591.88within the sector's middle half▲ 0.451.05below the sector's middle half▼ 0.84
Return on assets (ROA)11.7%-64.9%▲ 53.2pp-4.3%below the sector's middle half▼ 69.2pp-1.6%below the sector's middle half▲ 2.7pp-14.3%below the sector's middle half▼ 12.7pp-47.2%below the sector's middle half▼ 32.9pp17.4%within the sector's middle half▲ 64.6pp-80.3%below the sector's middle half▼ 97.7pp
Staff (FTE)2-2=2within the sector's middle half=2=1.4▼ 30.0%1.5▲ 7.1%1▼ 33.3%1=
above
within
below
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.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €71,862
Fixed assets
€1,599 ▼ 73.0%
Current assets
€70,263 ▼ 41.7%
Equity and liabilities €71,862
Equity
€1,229 ▼ 97.9%
Debt
€70,633 ▲ 4.6%
Debt's share of the balance-sheet total rises from 53.4% to 98.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€49,195▼
2024 · €35,380
Cash flow
-€53,372▼
2024 · €30,004
Quick ratio
0.20▼
2024 · 0.94
Debt to equity
57.46▲
2024 · 1.15
Interest coverage
-13.20▼
2024 · 7.00
Debt ≤ 1 year
€67,224▲
2024 · €63,964
Income taxes
€450▲
2024 · €367
Staff costs
€57,811▼
2024 · €62,284
A ratio outside any meaningful range has been withheld (balance sheet total €71,862, equity €1,229).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 540 companies that looked in July 2024 the way this one looks now, 5.2% went bankrupt within 24 months and 85.9% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a loss of 10% of the balance sheet or more
5.2%
went bankrupt
8.3%
stopped otherwise
85.9%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 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 540 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.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €100,051 | €74,667 | €89,009 | €62,284 | €57,811 | ▼ 7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €594 | €248 | €4,100 | €7,651 | €7,662 | €8,024 | €7,990 | €4,327 | ▼ 45.8% |
| Other operating charges640/8 | - | - | - | €3,222 | €3,129 | €6,289 | €3,481 | €3,844 | ▲ 10.4% |
| Gross operating margin9900 | €100,035 | €189,573 | €94,191 | €119,651 | €67,092 | €62,354 | €101,145 | €12,459 | ▼ 87.7% |
| Operating profit (loss)9901 | €17,550 | €106,404 | -€5,888 | €8,727 | -€18,367 | -€40,967 | €27,389 | -€53,523 | - |
| Financial income75/76B | - | - | - | €71 | €221 | €0 | €49 | €0 | ▼ 99.2% |
| Recurring financial income75 | €804 | €12 | €19 | €71 | €221 | €0 | €49 | €0 | ▼ 99.2% |
| Financial charges65/66B | - | - | - | €2,532 | €2,075 | €2,991 | €5,057 | €3,727 | ▼ 26.3% |
| Recurring financial charges65 | €7,077 | €6,620 | €854 | €2,532 | €2,075 | €2,991 | €5,057 | €3,727 | ▼ 26.3% |
| Profit (loss) for the period before taxes9903 | €11,277 | €99,796 | -€6,723 | €6,266 | -€20,220 | -€43,959 | €22,381 | -€57,250 | - |
| Income taxes67/77 | €334 | €2,071 | €318 | €8,736 | €350 | €360 | €367 | €450 | ▲ 22.4% |
| Profit (loss) for the period9904 | €10,942 | €97,725 | -€7,041 | -€2,470 | -€20,570 | -€44,318 | €22,014 | -€57,699 | - |
| Transfer from tax-exempt reserves789 | - | - | - | €30,020 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €10,942 | €97,725 | -€7,041 | €27,550 | -€20,570 | -€44,318 | €22,014 | -€57,699 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €93,767 | €150,613 | €162,511 | €153,573 | €144,153 | €93,907 | €126,470 | €71,862 | ▼ 43.2% |
| Fixed assets21/28 | €5,825 | €303 | €33,850 | €26,074 | €20,041 | €13,578 | €5,927 | €1,599 | ▼ 73.0% |
| Tangible fixed assets22/27 | €5,825 | €303 | €32,857 | €26,074 | €20,041 | €13,578 | €5,927 | €1,599 | ▼ 73.0% |
| Plant, machinery and equipment23 | - | - | - | €537 | €1,795 | €2,623 | €2,262 | €1,510 | ▼ 33.2% |
| Furniture and vehicles24 | - | - | - | €25,537 | €18,246 | €10,956 | €3,665 | €89 | ▼ 97.6% |
| Financial fixed assets28 | - | - | €993 | €0 | - | - | - | - | - |
| Current assets29/58 | €87,942 | €150,310 | €128,661 | €127,499 | €124,113 | €80,329 | €120,544 | €70,263 | ▼ 41.7% |
| Stocks and contracts in progress3 | €61,227 | €53,285 | €55,055 | €55,201 | €59,361 | €67,489 | €60,614 | €56,492 | ▼ 6.8% |
| Stocks30/36 | - | - | - | €55,201 | €59,361 | €67,489 | €60,614 | €56,492 | ▼ 6.8% |
| Amounts receivable within one year40/41 | €25,087 | €883 | €4,949 | €25,433 | €16,410 | €5,442 | €41,235 | €3,122 | ▼ 92.4% |
| Trade receivables40 | - | - | - | €24,145 | €15,195 | €5,386 | €37,949 | €1,134 | ▼ 97.0% |
| Other amounts receivable41 | - | - | - | €1,288 | €1,215 | €56 | €3,286 | €1,988 | ▼ 39.5% |
| Cash at bank and in hand54/58 | €46 | €94,744 | €66,372 | €44,209 | €45,533 | €4,937 | €15,582 | €7,182 | ▼ 53.9% |
| Deferred charges and accrued income490/1 | - | - | - | €2,656 | €2,809 | €2,462 | €3,113 | €3,467 | ▲ 11.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €93,767 | €150,613 | €162,511 | €153,573 | €144,153 | €93,907 | €126,470 | €71,862 | ▼ 43.2% |
| Equity10/15 | €13,589 | €111,314 | €104,274 | €101,803 | €81,233 | €36,915 | €58,929 | €1,229 | ▼ 97.9% |
| Contributions10/11 | €18,592 | €18,592 | - | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €83,365 | €92,722 | €85,682 | €83,211 | €83,211 | €83,211 | €83,211 | €83,211 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | €0 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0 | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €81,352 | €81,352 | €83,211 | €83,211 | €83,211 | = |
| Profit (loss) carried forward14 | -€88,367 | - | - | - | -€20,570 | -€64,888 | -€42,875 | -€100,574 | ▼ 135% |
| Amounts payable17/49 | €80,178 | €39,299 | €58,238 | €51,770 | €62,920 | €56,993 | €67,542 | €70,633 | ▲ 4.6% |
| Amounts payable after more than one year17 | - | - | €10,089 | €3,383 | €0 | - | - | - | - |
| Financial debts170/4 | - | - | - | €3,383 | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €76,450 | €36,132 | €45,420 | €48,106 | €61,361 | €56,091 | €63,964 | €67,224 | ▲ 5.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €6,706 | €3,383 | €0 | - | - | - |
| Trade debts44 | €27,341 | €23,620 | €24,017 | €22,123 | €26,268 | €12,740 | €10,363 | €3,348 | ▼ 67.7% |
| Suppliers440/4 | - | - | - | €22,123 | €26,268 | €12,740 | €10,363 | €3,348 | ▼ 67.7% |
| Taxes, remuneration and social security45 | - | - | - | €9,175 | €20,352 | €8,710 | €11,565 | €2,492 | ▼ 78.5% |
| Taxes450/3 | - | - | - | €9,175 | €18,640 | €915 | €1,328 | €843 | ▼ 36.5% |
| Remuneration and social security454/9 | - | - | - | €0 | €1,712 | €7,796 | €10,237 | €1,649 | ▼ 83.9% |
| Other amounts payable47/48 | - | - | - | €10,102 | €11,358 | €34,640 | €42,035 | €61,384 | ▲ 46.0% |
| Accrued charges and deferred income492/3 | - | - | - | €281 | €1,559 | €902 | €3,578 | €3,409 | ▼ 4.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,942 | €97,725 | -€7,041 | -€2,470 | -€20,570 | -€44,318 | €22,014 | -€57,699 | - |
| + Depreciation and write-downs630 | €594 | €248 | €4,100 | €7,651 | €7,662 | €8,024 | €7,990 | €4,327 | ▼ 45.8% |
| Operating cash flow (approximation) | €11,536 | €97,973 | -€2,940 | €5,181 | -€12,908 | -€36,294 | €30,004 | -€53,372 | - |
| Investment in fixed assets (approximation) | - | €5,274 | -€37,648 | €125 | -€1,629 | -€1,562 | -€339 | €0 | - |
| Change in cash | - | €94,698 | -€28,372 | -€22,163 | €1,324 | -€40,596 | €10,645 | -€8,400 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 35 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 13-07-2026 | 2026-00314250 |
| 31-12-2024 | micro format | 08-07-2025 | 2025-00243574 |
| 31-12-2023 | micro format | 16-07-2024 | 2024-00253364 |
| 31-12-2022 | micro format | 24-07-2023 | 2023-00298272 |
| 31-12-2021 | micro format | 30-06-2022 | 2022-20160626 |
| 31-12-2020 | micro format | 08-07-2021 | 2021-33700491 |
| 31-12-2019 | micro format | 23-07-2020 | 2020-33000251 |
| 31-12-2018 | micro format | 17-05-2019 | 2019-13800310 |
| 31-12-2017 | micro format | 19-07-2018 | 2018-34900013 |
| 31-12-2016 | abbreviated format | 08-06-2017 | 2017-15600407 |
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Of the 19,856 active companies whose main activity is joinery installation (NACE 43320), figures are known for 9,273. 1,014 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
1 director, last change in 2024
Philippe WINDELS
CurrentDirector (not named in the articles)
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
1 of this company's 2 Belgian Official Gazette deeds has not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
Mandate history
1 person since 2024, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Philippe WINDELS |
|
Owners and capital
Capital and shareholders
Capital over the years
- 22-02-2024 Converted to unavailable equity
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
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Shareholding
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History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
13-07
NBB filing
Annual accounts filed
financial year 2025 · micro format
2025
31-12
Financial
Weakest financial yearnet -€57,699
Net result drops to -€57,699, the lowest in the series.
08-07
NBB filing
Annual accounts filed
financial year 2024 · micro format
2024
31-12
Financial
Back to profitnet €22,014
Net result €22,014 after 4 loss-making years.
16-07
NBB filing
Annual accounts filed
financial year 2023 · micro format
22-02
Gazette deed
Resignation: Philippe WINDELS (statutory manager)Reappointment: Philippe WINDELS (director) · Capital conversion · Amendment of the articles11 facts ▸
Gazette deed
Resignation: Philippe WINDELS (statutory manager)
Reappointment: Philippe WINDELS (director) · Capital conversion · Amendment of the articles11 facts ▸
- General meeting, “8520 Kuurne,Grasveld 3, buitengewone algemene vergadering” (deed in Dutch)
- Other provision, “aanpassing statuten aan WVV en behoud rechtsvorm, statuten aanpassen en rechtsvorm besloten vennootschap behouden” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Other provision, “vormen en meerderheden van statutenwijziging, opheffing statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Amendment of the articles
- Capital
- Director resignation, Philippe WINDELS (statutory manager)
- Director reappointment, Philippe WINDELS (director (not named in the articles))
- Director discharge, Philippe WINDELS
- Registered office clause, “8520 Kuurne, Grasveld 3” (deed in Dutch)
- Power of attorney, Pieterjan Noreillie
2023
24-07
NBB filing
Annual accounts filed
financial year 2022 · micro format
2022
30-06
NBB filing
Annual accounts filed
financial year 2021 · micro format
2021
08-07
NBB filing
Annual accounts filed
financial year 2020 · micro format
2020
23-07
NBB filing
Annual accounts filed
financial year 2019 · micro format
2019
31-12
Financial
Highest result from 2018 to 2025net €97,725 ▲793%
Operating result €106,404, net result €97,725, both a record.
31-12
Financial
Liquidity more than triplescurrent ratio 4.16
Current ratio from 1.15 to 4.16; short-term debt falls from €76,450 to €36,132.
Show earlier events
31-12
Financial
Equity above €100,000equity €111,314 ▲719%
A profit in every financial year since 2018 builds equity to €111,314.
17-05
NBB filing
Annual accounts filed
financial year 2018 · micro format
2018
19-07
NBB filing
Annual accounts filed
financial year 2017 · micro format
2017
08-06
NBB filing
Annual accounts filed
financial year 2016 · abbreviated format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 35 annual accounts filed, the latest 10 are here; all 35 are under Financials.
1 of 2 deeds read
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formPrivate limited company
Founded27-09-1990
Financial year end31-12
Activities, NACEBEL 2025
43320Joinery installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0442113924
Also
9925:BE0442113924
Registered
06-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
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 0442.113.924
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Kuurne · 1 establishment unit since 1991
Ground area
1.1 ha
Building footprint
4,430 m²
Building volume
21,930 m³
2 parcels, Flanders · tallest building 8.8 m. Linked by address, not a title deed.
1 establishment unit
MARWIN
since 1991unit no. 2.051.159.129
2 parcels
Flanders
2
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34353B0730/00B003 | Flanders | 1.1 ha | 1 · 4,340 m² | 7.9 m · 2 |
| 34023C0170/00B002 | Flanders | 187 m² | 1 · 90 m² | 8.8 m · 2 |
How the parcels are linked
Good to know
Both parcels match the address exactly.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De onderneming van timmer- en schrijnwerk,zowel hout als metaal,en alle daarmee verwante activiteiten; De studie,aanvaarding,uitvoering,aan-…” (deed in Dutch)
11 activities (deed in Dutch)
- De onderneming van timmer- en schrijnwerk,zowel hout als metaal,en alle daarmee verwante activiteiten.
- De studie,aanvaarding,uitvoering,aan- en verkoop,commissiehandel en vertegenwoordiging van alle timmer- en schrijnwerken en meubelwerken,evenals het volledig installeren en plaatsen van aanbouwkeukens.
- Het aan- en verkopen van allerlei bouwmaterialen,evenals het oprichten van systeembouwwoningen,benevens alles wat hiermede rechtstreeks of onrechtstreeks verband houdt.
- De algemene bouwwerkzaamheden in coördinatie met onderaannemers.
- De studie,het ontwerp,de realisatie en het onderhoud van terreinen en omgevingen.
- In het algemeen heeft de vennootschap tot voorwerp de schrijnwerkerij in de ruimste zin van het woord en elke klein- of groothandelsactiviteit die daarmee in verband staat.Evenals het bezit van eigen vermogen zowel roerend als onroerend.
- Zij mag voor eigen rekening of voor rekening van derden alle verhandelingen verrichten die rechtstreeks of onrechtstreeks verband houden met dat voorwerp.
- Zij zal in het kader van haar werkzaamheden alle onroerende en roerende verrichtingen mogen stellen,die nodig of nuttig kunnen zijn voor de verwezenlijking van haar voorwerp.
- De vennootschap mag daarenboven belangen nemen,hetzij door deelneming,inbreng of elke andere wijze in alle vennootschappen,ondernemingen,syndicaten of groeperingen,bestaande of op te richten,zo in België als in het buitenland,die een gelijkluidend,aanvullend of soortgelijk voorwerp nastreven,of die van aard zijn de ontwikkeling van haar onderneming te bevorderen.
- De algemene vergadering van de vennoten,beraadslagend en stemmend in de voorwaarden vereist voor de wijziging aan de statuten,kan het voorwerp van de vennootschap uitleggen,verklaren en uitbreiden.
- De vennootschap mag haar voorwerp verwezenlijken,zo in België als in het buitenland,op alle wijzen en manieren die zij best geschikt zal achten.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- MARWIN
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Voor zover geen wijziging taalregime, Vlaams Gewest” (deed in Dutch)
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.
- “Bestuursorgaan, met of zonder beperking van duur” (deed in Dutch)
Capital, shares and profit
- Share issue ruleHow and by whom new shares can be issued.
- “Inbreng in geld met uitgifte nieuwe aandelen-recht van voorkeur, orgaan dat overgaat tot uitgifte” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Saturday of May at 10:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vormen vereist voor statutenwijziging, algemene vergadering” (deed in Dutch)