NeWIN

Active

Public limited companyfounded 200917 yrs activeParc Ind. des Hauts Sarts, 2e av 65, 4040 Herstal, BelgiumKBO/BCE: BE 0810.473.996

Summary

NeWIN has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18.6m and a net result of €2.8m. Equity is growing by ~11.4% per year across the filed fiscal years. Its solvency ranks better than 66% of 1599 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisWatch Report Compare

NeWINActiveChecked score 90/100

Risk analysis Report Compare

Activity

Computer consultancy and computer facilities management

NACE 62200IT consultancy NACE 62020NACE 63120

#2 company by total assets in Herstal, Telecoms and IT sector1 site

Size

€52.4mturnover 2025

Staff: 113.7 FTE
Equity: €18.6m
Profit: €2.8m

Financial health

90 Excellent Checked score 2025

Bankruptcy chance 12 m: 0.2%

Structure

Parent: Ethias SA
Board: 8 members
Holdings: 1

Auditor: SRL KPMGAccounts 57 d early

Why 90- Liquidity: current ratio 1.91, cash €309,050- 1 of the last 3 late+ Size: turnover €52.4m, 113.7 FTE, total assets €34.0m+ Equity €18.6m (54.8% of total assets)Show the evidence

Checked score

Score 2025

90 / 100

Excellent

Probability in this band: under 0.55%

Better than 50% of its sector peers (NACE 62, medium-sized)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength · tick = 2024

Strong

Solvency 80+7

equity 54.8% of total assets

Liquidity 30+4

short-term debt 43.7% · cash 0.9%

Profitability 71-3

return on assets 8.1%

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (209 companies)

Last 24 months 11-2024: < 0.1%lowest value 12-2024: < 0.1%● 0.0% vs 11-2024lowest value 01-2025: < 0.1%● 0.0% vs 12-2024lowest value 02-2025: < 0.1%● 0.0% vs 01-2025lowest value 03-2025: < 0.1%● 0.0% vs 02-2025lowest value 04-2025: 0.1%▲ +2.0% vs 03-2025 05-2025: 0.1%▲ +2.0% vs 04-2025 06-2025: 0.7%▲ +1186% vs 05-2025highest value 07-2025: 0.6%▼ -1.5% vs 06-2025 08-2025: 0.3%▼ -52.5% vs 07-2025 09-2025: 0.3%● 0.0% vs 08-2025 10-2025: 0.3%● 0.0% vs 09-2025 11-2025: 0.3%● 0.0% vs 10-2025 12-2025: 0.3%● 0.0% vs 11-2025 01-2026: 0.3%● 0.0% vs 12-2025 02-2026: 0.3%▲ +1.0% vs 01-2026 03-2026: 0.3%▲ +1.0% vs 02-2026 04-2026: 0.3%● 0.0% vs 03-2026 05-2026: 0.3%▼ -0.6% vs 04-2026 06-2026: 0.3%▲ +4.2% vs 05-2026 07-2026: 0.2%▼ -51.5% vs 06-2026 08-2026: 0.2%● 0.0% vs 07-2026 09-2026: 0.2%● 0.0% vs 08-2026 10-2026: 0.2%● 0.0% vs 09-2026

Liquidity: current ratio 1.91, cash €309,050 raises the probability
1 of the last 3 late raises the probability
Size: turnover €52.4m, 113.7 FTE, total assets €34.0m lowers the probability for this profile
Equity €18.6m (54.8% of total assets) lowers the probability

Credit up to €1,650,000 at 30 days acceptable

Liquidity ample (current ratio 1.91 against 1.65 in 2024; short-term debt: 43.7% and cash: 0.9% of total assets), and 45.2% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 62, medium-sized). Better than this share of them on solvency 70%, liquidity 33%, profitability 66%, growth against the median 30%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Liquidity: current ratio 1.91, cash €309,050

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

1 of the last 3 late

In the bankruptcy model this factor raises the probability.

NBB · filings

Size: turnover €52.4m, 113.7 FTE, total assets €34.0m

In the bankruptcy model this factor lowers the probability for this profile.

NBB · annual accounts

Equity €18.6m (54.8% of total assets)

In the bankruptcy model this factor lowers the probability.

NBB · annual accounts

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-06-2026, 57 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

57 d early

2024

139 d late

2023

54 d early

2022

61 d early

2021

48 d early

2020

51 d early

2019

48 d late

← 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 12 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.

Checked, nothing found (2)

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. Usually files around 8 June (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Position in the running window

03-10-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

04-06-26 Annual accounts filedfiscal year 2025 · full…
26-02-26 Resignations: FVH M BV, NEXT-10 SRL…Appointments: STRAT & MA SRL…
17-12-25 Annual accounts filedfiscal year 2024 · full…

Key points

Positive: Among the best 5% on net resultsector median €37,694 · 1,599 companies €2.8m View
Board changedlatest change 19-01-2026 · 8 in office 2 joined · 3 left View
Positive: 8 profitable years in a rowprofit 2025: €2.8m 8 years View
Controlled by Ethias SAitself parent of 2 companies parent View