Menuiserie AB Win
ActiveMenuiserie AB Win has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €385k and a net result of €220k. Equity is growing by ~33.1% per year across the filed fiscal years. Its solvency ranks better than 48% of 2045 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability98▲+6
Solvency66▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity tight (current ratio 1.34 against 1.05 in 2024; short-term debt: 38.2% and cash: 25.3% of total assets), and 58.8% 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+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
Sector 43
higher
← 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
41.2%
Return on assets
23.5%
Age of the figures
9 mo
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 26-05-2026, 66 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
66 d early
2024
25 d late
2023
28 d late
2022
30 d late
2021
62 d early
2020
11 d early
2019
5 d late
← 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€220k▲ 59.4%
2024 · €138k
2018: €13k
2019: €16k
2020: €33k
2021: €31k
2022: €33k
2023: €132k
2024: €138k
2018 → 2025
Working capital
€121k▲ 881%
2024 · €12k
2018: €56k
2019: €58k
2020: €78k
2021: €81k
2022: €100k
2023: €8k
2024: €12k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€109k-€142k▲ 30.3%€247k▲ 74.6%€280k▲ 13.3%€385k▲ 37.3%
Operating result€55k-€37k▼ 33.7%€144k▲ 295%€171k▲ 18.5%€281k▲ 64.6%
Net result€31k-€33k▲ 7.6%€132k▲ 300%€138k▲ 4.8%€220k▲ 59.4%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 65% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €935k
Fixed assets
€457k▼ 3.8%
Current assets
€479k▲ 89.0%
Equity and liabilities €935k
Equity
€385k▲ 37.3%
Debt
€550k▲ 22.9%
The debt ratio falls from 61.5% to 58.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€316k▲
2024 · €202k
Cash flow
€255k▲
2024 · €169k
Solvency
41.2%▲
2024 · 38.5%
Current ratio
1.34▲
2024 · 1.05
Quick ratio
1.31▲
2024 · 0.72
Debt / equity
1.43▼
2024 · 1.60
ROE
57.2%▲
2024 · 49.3%
ROA
23.5%▲
2024 · 19.0%
Interest coverage
35.38▲
2024 · 18.00
Debt
€550k▲
2024 · €448k
Debt ≤ 1 year
€358k▲
2024 · €241k
Debt > 1 year
€190k▼
2024 · €204k
Income taxes
€63k▲
2024 · €32k
Staff costs
€80k▲
2024 · €47k
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€728k€935k▲
Fixed assets21/28€475k€457k▼
Tangible fixed assets22/27€475k€457k▼
Land and buildings22€435k€413k▼
Plant, machinery and equipment23€7k€3k▼
Furniture and vehicles24€34k€41k▲
Current assets29/58€253k€479k▲
Stocks and contracts in progress3€80k€10k▼
Stocks30/36€80k€10k▼
Amounts receivable within one year40/41€113k€225k▲
Trade receivables40€76k€159k▲
Other amounts receivable41€37k€67k▲
Cash at bank and in hand54/58€55k€236k▲
Deferred charges and accrued income490/1€6k€7k▲
Equity and liabilities
Total equity and liabilities10/49€728k€935k▲
Equity10/15€280k€385k▲
Contributions10/11€19k€19k=
Reserves13€12k€12k=
Tax-exempt reserves132€11k€11k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€249k€332k▲
Investment grants15-€22k
Amounts payable17/49€448k€550k▲
Amounts payable after more than one year17€204k€190k▼
Financial debts170/4€204k€190k▼
Amounts payable within one year42/48€241k€358k▲
Current portion of amounts payable after more than one year42€15k€14k▼
Trade debts44€68k€125k▲
Suppliers440/4€67k€88k▲
Bills of exchange payable441€285€37k▲
Advances received on contracts in progress46€22k€29k▲
Taxes, remuneration and social security45€3k€24k▲
Taxes450/3€2k€15k▲
Remuneration and social security454/9€254€9k▲
Other amounts payable47/48€133k€164k▲
Accrued charges and deferred income492/3€3k€3k▲
Income statement
Code20242025
Remuneration, social security and pensions62€47k€80k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€35k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€250k€398k▲
Operating profit (loss)9901€171k€281k▲
Financial income75/76B€10k€11k▲
Recurring financial income75€10k€11k▲
Financial charges65/66B€11k€9k▼
Recurring financial charges65€11k€9k▼
Profit (loss) for the period before taxes9903€170k€283k▲
Income taxes67/77€32k€63k▲
Profit (loss) for the period9904€138k€220k▲
Profit (loss) for the period to be appropriated9905€138k€220k▲
Appropriation of the result
Profit (loss) to be appropriated9906€355k€469k▲
Profit (loss) brought forward from the previous period14P€217k€249k▲
Profit to be distributed694/7€105k€138k▲
Return on contributions (dividend)694€100k€129k▲
Directors or managers695€5k€9k▲
Social balance
Average headcount (FTE)90871.01.5▲
The notes to these accounts (14 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
26-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €220k ▲59.4%
Operating result €281k, net result €220k, both a record.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 25 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 28 days late
2023
31-12
Financial
Equity above €200kEq €247k ▲74.6%
6 profitable years in a row build equity to €247k.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100kEq €109k ▲18.3%
4 profitable years in a row build equity to €109k.
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
05-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 5 days late
2019
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Thimister-Clermont · 2 establishment units since 2016
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.
Margensault 404890 Thimister-ClermontGround area
1,012 m²
Building footprint
148 m²
Parcel 63077B0382/00Y000, Wallonia. Linked by address, not a title deed.
2 establishment units
Menuiserie AB Win
since 20162.254.861.307
Menuiserie AB Win
since 20252.377.704.085
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63077B0382/00Y000 | Wallonia | 1,012 m² | 1 · 148 m² | - |
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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GERJO METAALCONSTRUCTIE
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RAFFLES
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Of 20,026 companies in sector 43320 we hold annual accounts for 9,137. 6,461 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-07-2016
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
41001General construction of residential buildings
43211General electrical installation work
43230Insulation installation
43291Specialised construction activities
43410Roofing work
43990Other specialised construction activities
43995Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 9 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.