WIN
ActiveSummary
WIN has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €44,303 and a net result of €808. Equity is growing by about 19% per year across the filed financial years. Its solvency ranks better than 62% of 22,581 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
- Equity
- €44,303
- Profit
- €808
Why 82raises riskSize: turnover €336,112, total assets €95,088Sector: Retail trade (NACE 47)lowers riskFounded in 2001Liquidity: current ratio 2.10, cash €11,097Show the evidence
Checked score
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 47, micro): better than 61% on solvency, 45% on liquidity, 27% on profitability and 26% 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).
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Signals
This company filed its last 7 accounts on average 17 days before the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result has fallen three years in a row; 2025 is 72% below 2024 and is 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.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: 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).
Peer companies
Historical observationOf the 17,041 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94.3% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,445 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 17,041 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €620,014 | €835,223 | €824,453 | €821,659 | €715,195 | - | €570,555 | €336,112 | ▼ 41.1% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €753,172 | €699,601 | - | €583,019 | €342,653 | ▼ 41.2% |
| Remuneration, social security and pensions62 | - | - | - | €71,329 | €1,288 | - | - | €3,599 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | - | - | €1,495 | €2,383 | ▲ 59.4% |
| Other operating charges640/8 | - | - | - | €3,447 | €4,242 | €2,010 | €2,851 | €3,511 | ▲ 23.1% |
| Gross operating margin9900 | €10,555 | €44,828 | €9,890 | €81,175 | €36,030 | €22,238 | €17,947 | €13,291 | ▼ 25.9% |
| Operating profit (loss)9901 | -€323 | €9,562 | -€22,279 | €6,398 | €30,500 | €20,229 | €13,601 | €3,799 | ▼ 72.1% |
| Financial income75/76B | - | - | - | - | - | - | - | €121 | - |
| Recurring financial income75 | - | - | - | - | - | - | - | €121 | - |
| Financial charges65/66B | - | - | - | €3,140 | €3,542 | €3,542 | €5,780 | €2,910 | ▼ 49.7% |
| Recurring financial charges65 | €1,614 | €4,239 | €5,916 | €3,140 | €3,542 | €3,542 | €5,780 | €2,910 | ▼ 49.7% |
| Profit (loss) for the period before taxes9903 | -€1,937 | €5,324 | -€28,195 | €3,259 | €26,958 | €16,687 | €7,820 | €1,010 | ▼ 87.1% |
| Income taxes67/77 | - | - | - | - | €488 | €3,340 | €1,564 | €202 | ▼ 87.1% |
| Profit (loss) for the period9904 | -€1,937 | €5,324 | -€28,195 | €3,259 | €26,471 | €13,346 | €6,256 | €808 | ▼ 87.1% |
| Profit (loss) for the period to be appropriated9905 | -€1,937 | €5,324 | -€28,195 | €3,259 | €26,471 | €13,346 | €6,256 | €808 | ▼ 87.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €146,478 | €173,067 | €149,589 | €99,106 | €101,500 | €97,964 | €93,401 | €95,088 | ▲ 1.8% |
| Fixed assets21/28 | €14,092 | €14,092 | €11,988 | €11,988 | €11,988 | €11,988 | €17,642 | €15,259 | ▼ 13.5% |
| Tangible fixed assets22/27 | - | - | - | - | - | - | €5,654 | €3,271 | ▼ 42.1% |
| Furniture and vehicles24 | - | - | - | - | - | - | €5,654 | €3,271 | ▼ 42.1% |
| Financial fixed assets28 | €14,092 | €14,092 | €11,988 | €11,988 | €11,988 | €11,988 | €11,988 | €11,988 | = |
| Current assets29/58 | €132,386 | €158,975 | €137,601 | €87,118 | €89,513 | €85,976 | €75,759 | €79,829 | ▲ 5.4% |
| Stocks and contracts in progress3 | €125,433 | €131,562 | €131,225 | €75,406 | €79,180 | €78,687 | €60,374 | €66,698 | ▲ 10.5% |
| Stocks30/36 | - | - | - | €75,406 | €79,180 | €78,687 | €60,374 | €66,698 | ▲ 10.5% |
| Amounts receivable within one year40/41 | €3,176 | €18,941 | €361 | - | €5 | €2,295 | €2,362 | €1,550 | ▼ 34.4% |
| Other amounts receivable41 | - | - | - | - | €5 | €2,295 | €2,362 | €1,550 | ▼ 34.4% |
| Cash at bank and in hand54/58 | €3,510 | €8,473 | €6,016 | €10,858 | €10,221 | €4,769 | €12,647 | €11,097 | ▼ 12.3% |
| Deferred charges and accrued income490/1 | - | - | - | €854 | €107 | €225 | €377 | €484 | ▲ 28.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €146,478 | €173,067 | €149,589 | €99,106 | €101,500 | €97,964 | €93,401 | €95,088 | ▲ 1.8% |
| Equity10/15 | €17,034 | €22,358 | -€5,837 | -€2,578 | €23,892 | €37,239 | €43,495 | €44,303 | ▲ 1.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €3,342 | €3,342 | €3,342 | €3,342 | €3,342 | €3,342 | €3,342 | €3,342 | = |
| Non-distributable reserves130/1 | - | - | - | €369 | €369 | €369 | €369 | €369 | = |
| Reserves not available under the articles1311 | - | - | - | €369 | €369 | €369 | €369 | €369 | = |
| Distributable reserves133 | - | - | - | €2,973 | €2,973 | €2,973 | €2,973 | €2,973 | = |
| Profit (loss) carried forward14 | -€4,908 | €416 | -€27,779 | -€24,520 | €1,951 | €15,297 | €21,554 | €22,362 | ▲ 3.7% |
| Amounts payable17/49 | €129,444 | €150,709 | €155,426 | €101,684 | €77,608 | €60,725 | €49,906 | €50,785 | ▲ 1.8% |
| Amounts payable after more than one year17 | €13,394 | €49,394 | €49,394 | - | - | €17,000 | €15,103 | €12,707 | ▼ 15.9% |
| Financial debts170/4 | - | - | - | - | - | - | €15,103 | €12,707 | ▼ 15.9% |
| Other amounts payable178/9 | - | - | - | - | - | €17,000 | - | - | - |
| Amounts payable within one year42/48 | €116,050 | €101,315 | €106,033 | €101,684 | €77,608 | €43,725 | €34,803 | €38,078 | ▲ 9.4% |
| Trade debts44 | €84,572 | €32,215 | €39,645 | €57,760 | €39,518 | €25,388 | €24,462 | €29,914 | ▲ 22.3% |
| Suppliers440/4 | - | - | - | €57,760 | €39,518 | €25,388 | €24,462 | €29,914 | ▲ 22.3% |
| Taxes, remuneration and social security45 | - | - | - | €43,924 | €38,091 | €9,687 | €10,341 | €6,485 | ▼ 37.3% |
| Taxes450/3 | - | - | - | €3,450 | €1,182 | €4,887 | €6,801 | €3,291 | ▼ 51.6% |
| Remuneration and social security454/9 | - | - | - | €40,474 | €36,908 | €4,800 | €3,540 | €3,194 | ▼ 9.8% |
| Other amounts payable47/48 | - | - | - | - | - | €8,650 | - | €1,679 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,937 | €5,324 | -€28,195 | €3,259 | €26,471 | €13,346 | €6,256 | €808 | ▼ 87.1% |
| + Depreciation and write-downs630 | - | - | - | - | - | - | €1,495 | €2,383 | ▲ 59.4% |
| Operating cash flow (approximation) | -€1,937 | €5,324 | -€28,195 | €3,259 | €26,471 | €13,346 | €7,751 | €3,191 | ▼ 58.8% |
| Investment in fixed assets (approximation) | - | €0 | €2,104 | €0 | €0 | €0 | -€7,149 | €0 | - |
| Change in cash | - | €4,963 | -€2,457 | €4,842 | -€637 | -€5,451 | €7,878 | -€1,550 | - |
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 24 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 03-06-2026 | 2026-00134861 |
| 31-12-2024 | micro format | 18-07-2025 | 2025-00283597 |
| 31-12-2023 | micro format | 12-07-2024 | 2024-00249019 |
| 31-12-2022 | micro format | 08-08-2023 | 2023-00326026 |
| 31-12-2021 | micro format | 08-08-2022 | 2022-20280785 |
| 31-12-2020 | full format | 28-05-2021 | 2021-15800138 |
| 31-12-2019 | full format | 21-08-2020 | 2020-43300305 |
| 31-12-2018 | full format | 29-08-2019 | 2019-53400571 |
| 31-12-2017 | full format | 14-08-2018 | 2018-45200586 |
| 31-12-2016 | full format | 27-08-2017 | 2017-47800305 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| QADEER, Muhammad |
|
Owners and capital
Capital and shareholders
- 17-01-2024 Converted to unavailable equity
- 17-01-2024 Converted to uncalled contributions
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
17-01
Gazette deed
Appointment: QADEER, Muhammad (director)Legal-form conversion · Capital conversion · Reserve release8 facts ▸
- General meeting, 18-10-2023
- Legal-form conversion, “Société à Responsabilité Limitée” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Capital conversion, “compte de capitaux propres "apports non appelés"” (deed in French)
- Reserve release, “éventuels versements futurs de la part non encore libérée du capital inscrit sur un compte de capitaux propres "apports non appelés", suppression du compte de c…” (deed in French)
- Amendment of the articles
- Director appointment, QADEER, Muhammad (director)
- Capital (2 times)
Show earlier events
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEnvironmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
2 establishment units
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11808H1119/00G005 | Flanders | 124 m² | 1 · 124 m² | 19.0 m · 6 |
| 21522B0668/00H000 | Brussels | 107 m² | - | - |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Toutes activités relevant du secteur de l'hôtellerie, de la restauration et du débit de boissons, tels que notamment l'exploitation…” (deed in French)
6 activities (deed in French)
- Toutes activités relevant du secteur de l'hôtellerie, de la restauration et du débit de boissons, tels que notamment l'exploitation d'hôtels, restaurants, tavernes, cafés, drugstores, snack-bar, night-club, cafétérias et autres établissements similaires; ainsi que le commerce sous toutes ses formes de produits de consommation et article pour fumeur, et notamment de plats préparés à consommer sur place, à emporter ou à livrer à domicilie, en ce compris notamment l'activité de traiteur.
- L'exploitation en général de supermarchés, épiceries, night-shops et le commerce en général sous toutes ses formes ainsi que le commerce ambulant, tant en gros qu'au détail, en ce compris notamment l'achat, la vente, l'importation, l'exportation, la fabrication, l'entretien, la réparation, la location, la représentation, la livraison et le transport de tous produits susceptibles de commercialisation et notamment, sans que cette énumération soit limitative: a) tous articles textiles, cuir ou synthétiques de remplacement et vêtements divers, neufs ou de seconde main, chaussures, article de sport; b) tous produits d'alimentation en général, ainsi que les boissons; c) tous produits d'équipement ménager, produits d'entretien et de droguerie, produits de chauffage et tous combustibles; d) fleurs, jouets divers, e) de tous articles relevant de l'audiovisuel, de l'informatique et bureautique, ainsi que de l'électroménager ainsi que des cassettes vidéos, cd-Rom, DVD et autres médias sur tout support.
- Le commerce en général tant en gros qu'au détail, en ce compris notamment l'achat, la vente, l'importation, l'exportation, le transport, l'entretien, la réparation, la location, le leasing, la représentation de tous véhicules automobiles neufs ou d'occasion en ce compris notamment de toutes pièces de rechange, accessoires et produits relatifs au secteur de l'automobile;
- L'exploitation d'une station-service, la vente en gros ou au détail de tous produits pétroliers, CarWash, carrosseries, atelier mécanique et garage, toutes prestations en vue de l'agréation d'un véhicule automobile par tout organisme chargé du contrôle technique et notamment la présentation de ce véhicule dans les centres de contrôle ainsi que toutes prestations requises par le transit des véhicules;
- Toutes activités relevant du secteur de l'imprimerie et de la reproduction sur tout support, tel que notamment l'exploitation d'un magasin de "copy-service";
- Toutes activités et toutes prestations de services dans le domaine de la télécommunication, de traitement d'informations et de transmission, tels que notamment, la création, la diffusion, la gestion de logiciels ou de systèmes de diffusion, sur tous supports informatiques ou autres, ainsi que l'exploitation et la gestion de cabines téléphoniques et cybercafé.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone“Chaussée de Gand, 128, a notamment décidé à l’unanimité : 1°/ d’adapter les statuts aux dispositions du Code des Sociétés et des…”
Full text
Chaussée de Gand, 128, a notamment décidé à l’unanimité : 1°/ d’adapter les statuts aux dispositions du Code des Sociétés et des Associations, de conserver la forme légale de la société à responsabilité limitée (en abrégé SRL) et de modifier ou confirmer les pouvoirs de représentations afin de permettre à un administrateur de représenter seul la société 2°/ de constater que le capital effectivement libéré et la réserve légale de la société ont été convertis de plein droit en un compte de capitaux propres statutairement indisponible et que la partie non encore libérée du capital a été convertie en un compte de capitaux propres “apports non appelés”, en application de la loi.
- Board ruleHow the board is made up, meets and takes decisions.
- “Administration, nommés avec ou sans limitation de durée” (deed in French)“Revocation, Les administrateurs non-statutaires sont révocables ad nutum par l'assemblée générale, sans que leur révocation donne droit à…” (deed in French)5 more provisions on this in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Chaque action donne un droit égal dans la répartition des bénéfices et des produits de la liquidation” (deed in French)“Nominatifs, Chaque titulaire de titres peut prendre connaissance de son registre” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- 5 provisions in the deed
- Authorised capitalThe amount by which the board may raise capital without a new shareholder decision.
- One provision in the deed
- Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of May at 11:00
- General meeting ruleHow the general meeting works: who calls it, who may attend and how it decides.
- 2 provisions in the deed
- Meeting noticeHow and how far ahead shareholders are invited to a meeting; by law at least fifteen days.
- “Lettres recommandées, lettres, fax, courrier électronique ou tout autre moyen repris à l'article 2281 du Code Civil, toute personne peut…” (deed in French)
- Meeting accessWho may attend the meeting and what is needed to be admitted.
- “Tout actionnaire est admis à l'assemblée générale pourvu qu'il soit inscrit dans le registre des actionnaires” (deed in French)
- Meeting procedureHow the meeting runs, from opening to minutes.
- “Il ne peut y avoir qu'une seule prorogation, l'organe d'administration a le droit de proroger, séance tenante, à trois (3) semaines…” (deed in French)1 more provision on this in the deed
- Proxy ruleWhether a shareholder may be represented at the meeting by someone else.
- “Procuration écrite, une procuration octroyée reste valable pour chaque assemblée générale suivante dans la mesure où il y est traité des…” (deed in French)
- Voting ruleWhich majority the meeting decides by, for example a simple or a special majority.
- “Chaque action donne droit à une voix, sous réserve des dispositions légales régissant les actions sans droit de vote” (deed in French)
Oversight and winding up
- Auditor ruleHow a statutory auditor is appointed and what they check, if the company has one.
- “Trois (3) ans renouvelable, contrôle de la situation financière, des comptes annuels et de la régularité des opérations à constater dans les…” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed