NC WINDOWS
ActiveSummary
The computed 12-month bankruptcy probability of NC WINDOWS is 1.8% (moderate). The 2025 annual accounts show equity of €711k and a net result of €288k. Equity is growing by ~36.7% per year across the filed fiscal years. Its solvency ranks better than 48% of 27965 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability92▲+7
Solvency71▲+6
Growth78=
Track record94
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity tight (current ratio 1.25 against 1.29 in 2024; short-term debt: 43.6% and cash: 10.2% of total assets), and 54.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
45.5%
Return on assets
18.5%
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 25-06-2026, 36 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
36 d early
2024
9 d early
2023
30 d early
2022
5 d early
2021
25 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€711k▲ 8.1%
2024 · €658k
2021: €102klowest in 5 years
2022: €259k▲ +153% vs 2021
2023: €451k▲ +74.2% vs 2022
2024: €658k▲ +45.7% vs 2023
2025: €711k▲ +8.1% vs 2024highest in 5 years
2021 → 2025
Total assets
€1.56M▼ 6.2%
2024 · €1.66M
2021: €387klowest in 5 years
2022: €617k▲ +59.4% vs 2021
2023: €1.17M▲ +90.3% vs 2022
2024: €1.66M▲ +41.7% vs 2023highest in 5 years
2025: €1.56M▼ -6.2% vs 2024
2021 → 2025
Net result
€288k▲ 29.6%
2024 · €222k
2021: €77klowest in 5 years
2022: €157k▲ +102% vs 2021
2023: €192k▲ +22.6% vs 2022
2024: €222k▲ +15.7% vs 2023
2025: €288k▲ +29.6% vs 2024highest in 5 years
2021 → 2025
Working capital
€172k▼ 7.0%
2024 · €185k
2021: €-85klowest in 5 years
2022: €206k▲ +341% vs 2021
2023: €275k▲ +33.7% vs 2022highest in 5 years
2024: €185k▼ -32.7% vs 2023
2025: €172k▼ -7.0% vs 2024
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€102k-€259k▲ 153%€451k▲ 74.2%€658k▲ 45.7%€711k▲ 8.1%
2021: €102klowest in 5 years
2022: €259k▲ +153% vs 2021
2023: €451k▲ +74.2% vs 2022
2024: €658k▲ +45.7% vs 2023
2025: €711k▲ +8.1% vs 2024highest in 5 years
Operating result€98k-€211k▲ 115%€263k▲ 24.8%€308k▲ 16.8%€372k▲ 21.1%
2021: €98klowest in 5 years
2022: €211k▲ +115% vs 2021
2023: €263k▲ +24.8% vs 2022
2024: €308k▲ +16.8% vs 2023
2025: €372k▲ +21.1% vs 2024highest in 5 years
Net result€77k-€157k▲ 102%€192k▲ 22.6%€222k▲ 15.7%€288k▲ 29.6%
2021: €77klowest in 5 years
2022: €157k▲ +102% vs 2021
2023: €192k▲ +22.6% vs 2022
2024: €222k▲ +15.7% vs 2023
2025: €288k▲ +29.6% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 21% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.56M
Fixed assets
€708k ▼ 15.0%
Current assets
€853k ▲ 2.7%
Equity and liabilities €1.56M
Equity
€711k ▲ 8.1%
Debt
€851k ▼ 15.5%
Debt's share of the balance-sheet total falls from 60.5% to 54.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€547k▲
2024 · €478k
Cash flow
€463k▲
2024 · €393k
Current ratio
1.25▼
2024 · 1.29
Quick ratio
1.22▼
2024 · 1.26
Debt to equity
1.20▼
2024 · 1.53
ROE
40.6%▲
2024 · 33.8%
ROA
18.5%▲
2024 · 13.4%
Interest coverage
54.49▲
2024 · 48.08
Debt ≤ 1 year
€681k▲
2024 · €646k
Debt > 1 year
€167k▼
2024 · €361k
Income taxes
€96k▲
2024 · €84k
Staff costs
€73k▲
2024 · €71k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.66M€1.56M▼
Fixed assets21/28€834k€708k▼
Intangible fixed assets21€17k€7k▼
Tangible fixed assets22/27€816k€701k▼
Land and buildings22€374k€351k▼
Plant, machinery and equipment23€28k€53k▲
Furniture and vehicles24€414k€297k▼
Current assets29/58€831k€853k▲
Stocks and contracts in progress3€20k€20k▼
Stocks30/36€20k€20k▼
Amounts receivable within one year40/41€169k€95k▼
Trade receivables40€154k€72k▼
Other amounts receivable41€15k€23k▲
Current investments50/53€493k€564k▲
Cash at bank and in hand54/58€134k€160k▲
Deferred charges and accrued income490/1€15k€15k▲
Equity and liabilities
Total equity and liabilities10/49€1.66M€1.56M▼
Equity10/15€658k€711k▲
Contributions10/11€25k€25k=
Reserves13€633k€686k▲
Distributable reserves133€633k€686k▲
Amounts payable17/49€1.01M€851k▼
Amounts payable after more than one year17€361k€167k▼
Financial debts170/4€361k€167k▼
Amounts payable within one year42/48€646k€681k▲
Current portion of amounts payable after more than one year42€39k€40k▲
Financial debts43€350k€336k▼
Credit institutions430/8€350k€336k▼
Trade debts44€105k€108k▲
Suppliers440/4€105k€108k▲
Advances received on contracts in progress46€139k-
Taxes, remuneration and social security45€12k€25k▲
Taxes450/3€10k€19k▲
Remuneration and social security454/9€2k€7k▲
Other amounts payable47/48€668€172k▲
Accrued charges and deferred income492/3-€3k
Income statement
Code20242025
Remuneration, social security and pensions62€71k€73k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€171k€175k▲
Other operating charges640/8€1k€6k▲
Gross operating margin9900€551k€627k▲
Operating profit (loss)9901€308k€372k▲
Financial income75/76B€9k€22k▲
Recurring financial income75€9k€22k▲
Financial charges65/66B€10k€10k▲
Recurring financial charges65€10k€10k▲
Profit (loss) for the period before taxes9903€306k€385k▲
Income taxes67/77€84k€96k▲
Profit (loss) for the period9904€222k€288k▲
Profit (loss) for the period to be appropriated9905€222k€288k▲
Appropriation of the result
Profit (loss) to be appropriated9906€222k€288k▲
Transfer from equity791/2€16k€35k▲
Transfer to equity691/2€222k€88k▼
To other reserves6921€222k€88k▼
Profit to be distributed694/7€16k€235k▲
Return on contributions (dividend)694€16k€235k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €15k | €63k | €72k | €71k | €73k | ▲ 3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | €60k | €103k | €171k | €175k | ▲ 2.6% |
| Other operating charges640/8 | €241 | €3k | €2k | €1k | €6k | ▲ 304% |
| Gross operating margin9900 | €127k | €337k | €440k | €551k | €627k | ▲ 13.8% |
| Operating profit (loss)9901 | €98k | €211k | €263k | €308k | €372k | ▲ 21.1% |
| Financial income75/76B | - | €263 | €1k | €9k | €22k | ▲ 155% |
| Recurring financial income75 | - | €263 | €1k | €9k | €22k | ▲ 155% |
| Financial charges65/66B | €47 | €2k | €17k | €10k | €10k | ▲ 1.0% |
| Recurring financial charges65 | €47 | €2k | €17k | €10k | €10k | ▲ 1.0% |
| Profit (loss) for the period before taxes9903 | €98k | €210k | €247k | €306k | €385k | ▲ 25.5% |
| Income taxes67/77 | €21k | €53k | €55k | €84k | €96k | ▲ 14.7% |
| Profit (loss) for the period9904 | €77k | €157k | €192k | €222k | €288k | ▲ 29.6% |
| Profit (loss) for the period to be appropriated9905 | €77k | €157k | €192k | €222k | €288k | ▲ 29.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €387k | €617k | €1.17M | €1.66M | €1.56M | ▼ 6.2% |
| Fixed assets21/28 | €188k | €254k | €555k | €834k | €708k | ▼ 15.0% |
| Intangible fixed assets21 | €47k | €37k | €27k | €17k | €7k | ▼ 57.3% |
| Tangible fixed assets22/27 | €140k | €216k | €527k | €816k | €701k | ▼ 14.1% |
| Land and buildings22 | €47k | €47k | €35k | €374k | €351k | ▼ 6.2% |
| Plant, machinery and equipment23 | €48k | €36k | €35k | €28k | €53k | ▲ 88.3% |
| Furniture and vehicles24 | €45k | €133k | €458k | €414k | €297k | ▼ 28.2% |
| Current assets29/58 | €199k | €364k | €620k | €831k | €853k | ▲ 2.7% |
| Stocks and contracts in progress3 | €20k | €20k | €20k | €20k | €20k | ▼ 3.0% |
| Stocks30/36 | €20k | €20k | €20k | €20k | €20k | ▼ 3.0% |
| Amounts receivable within one year40/41 | €30k | €98k | €117k | €169k | €95k | ▼ 43.8% |
| Trade receivables40 | €30k | €73k | €92k | €154k | €72k | ▼ 53.0% |
| Other amounts receivable41 | €194 | €25k | €24k | €15k | €23k | ▲ 52.3% |
| Current investments50/53 | - | - | €46k | €493k | €564k | ▲ 14.4% |
| Cash at bank and in hand54/58 | €147k | €244k | €424k | €134k | €160k | ▲ 19.4% |
| Deferred charges and accrued income490/1 | €2k | €3k | €13k | €15k | €15k | ▲ 4.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €387k | €617k | €1.17M | €1.66M | €1.56M | ▼ 6.2% |
| Equity10/15 | €102k | €259k | €451k | €658k | €711k | ▲ 8.1% |
| Contributions10/11 | €25k | €25k | €25k | €25k | €25k | = |
| Reserves13 | €77k | €234k | €426k | €633k | €686k | ▲ 8.4% |
| Distributable reserves133 | €77k | €234k | €426k | €633k | €686k | ▲ 8.4% |
| Amounts payable17/49 | €285k | €358k | €723k | €1.01M | €851k | ▼ 15.5% |
| Amounts payable after more than one year17 | - | €200k | €378k | €361k | €167k | ▼ 53.8% |
| Financial debts170/4 | - | - | €116k | €361k | €167k | ▼ 53.8% |
| Other amounts payable178/9 | - | €200k | €262k | - | - | - |
| Amounts payable within one year42/48 | €285k | €158k | €345k | €646k | €681k | ▲ 5.5% |
| Current portion of amounts payable after more than one year42 | - | - | €37k | €39k | €40k | ▲ 4.1% |
| Financial debts43 | - | - | - | €350k | €336k | ▼ 4.0% |
| Credit institutions430/8 | - | - | - | €350k | €336k | ▼ 4.0% |
| Trade debts44 | €214k | €114k | €176k | €105k | €108k | ▲ 2.7% |
| Suppliers440/4 | €214k | €114k | €176k | €105k | €108k | ▲ 2.7% |
| Advances received on contracts in progress46 | €56k | €25k | €118k | €139k | - | - |
| Taxes, remuneration and social security45 | €14k | €15k | €14k | €12k | €25k | ▲ 113% |
| Taxes450/3 | €14k | €14k | €12k | €10k | €19k | ▲ 87.5% |
| Remuneration and social security454/9 | - | €2k | €2k | €2k | €7k | ▲ 251% |
| Other amounts payable47/48 | €1k | €4k | €933 | €668 | €172k | ▲ 25,620% |
| Accrued charges and deferred income492/3 | - | - | - | - | €3k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €77k | €157k | €192k | €222k | €288k | ▲ 29.6% |
| + Depreciation and write-downs630 | €13k | €60k | €103k | €171k | €175k | ▲ 2.6% |
| Operating cash flow (approximation) | €91k | €216k | €295k | €393k | €463k | ▲ 17.9% |
| Investment in fixed assets (approximation) | - | €-125k | €-404k | €-450k | €-50k | ▲ 88.9% |
| Change in cash | - | €96k | €181k | €-290k | €26k | ▲ 109% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2021net €288k ▲29.6%
Operating result €372k, net result €288k, both a record.
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €500kEq €658k ▲45.7%
4 profitable years in a row build equity to €658k.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity triplescurrent ratio 2.30
Current ratio from 0.70 to 2.30; short-term debt falls from €285k to €158k.
31-12
Financial
Equity above €200kEq €259k ▲153%
2 profitable years in a row build equity to €259k.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Lennik · 1 establishment unit since 2021
Ground area
4,929 m²
Building footprint
2,729 m²
Parcel 23072F0125/00R000, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
NC WINDOWS
since 20212.320.210.207
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23072F0125/00R000 | Flanders | 4,929 m² | 1 · 2,729 m² | - |
Linked by address, not proof of ownership
Good to know
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 · 1 entry · 120 EUR awarded · 120 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 120 EUR | 120 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
699400ET61J11RHLUE19
Similar companies · same sector, comparable size
QUBUS
BE 0445.760.332
Aalter · Eq €711,305
Algemene Aluminium Werken
BE 0415.195.731
Sint-Katelijne-Waver · Eq €711,724
DEMCA
BE 0438.559.467
Middelkerke · Eq €710,181
MENUI-BAT
BE 0458.857.411
Antoing · Eq €712,161
INBO
BE 0663.553.838
Olen · Eq €709,564
Of 20,028 companies in sector 43320 we hold annual accounts for 9,133. 5,183 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-04-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
01430Raising of horses and other equines
25120Manufacture of fabricated metal products, except machinery and equipment
43350Other building finishing work
43990Other specialised construction activities
93199Other sports activities
Scores and ratios are computed by Checked and are not a credit decision.