WIN AIR
ActiveSummary
The annual accounts of WIN AIR for fiscal year 2025 show a net loss of 67% of the equity at the start of that year. The 2025 annual accounts show equity of €4,768 and a net result of -€9,657. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 2053 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability44▲+6
Solvency28▼-5
Growth52=
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
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 1.36 against 1.26 in 2024; short-term debt: 6.3% and cash: 4.8% of total assets), and 97% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
3%
Return on assets
-6.1%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
22232425
2022 to 2025 · latest year -€9,657
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 2053 sector peers (2025).
NBB · sector comparisonPosition among 2053 sector peers
Solvency
better than 20%
← 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 31-07-2026, 0 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
on the day
2024
39 d late
2023
27 d late
2022
24 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€4,768▼ 66.9%
2024 · €14,425
Total assets
€158,393▼ 12.3%
2024 · €180,515
Net result
-€9,657▲ 10.2%
2024 · -€10,749
Working capital
€3,601▲ 1.9%
2024 · €3,532
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result-€1,464-€29,193-€7,584-€6,649▲ 12.3%
Net result-€3,070-€23,243-€10,749-€9,657▲ 10.2%
Equity€1,930-€25,173▲ 1,204%€14,425▼ 42.7%€4,768▼ 66.9%
Total assets€180,029-€200,770▲ 11.5%€180,515▼ 10.1%€158,393▼ 12.3%
Debt€178,099-€175,596▼ 1.4%€166,090▼ 5.4%€153,625▼ 7.5%
Working capital€876-€7,090▲ 710%€3,532▼ 50.2%€3,601▲ 1.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6,649 in 2025 against €7,584 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €158,393
Fixed assets
€144,781 ▼ 11.3%
Current assets
€13,612 ▼ 21.2%
Equity and liabilities €158,393
Equity
€4,768 ▼ 66.9%
Debt
€153,625 ▼ 7.5%
Debt's share of the balance-sheet total rises from 92.0% to 97.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€11,813▲
2024 · €10,511
Cash flow
€8,806▲
2024 · €7,346
Current ratio
1.36▲
2024 · 1.26
Debt to equity
32.22▲
2024 · 11.51
ROE
-202.5%▼
2024 · -74.5%
ROA
-6.1%▼
2024 · -6.0%
Interest coverage
3.93▲
2024 · 3.25
Debt ≤ 1 year
€10,011▼
2024 · €13,739
Debt > 1 year
€142,609▼
2024 · €152,351
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,522 | €49 | €18,095 | €18,463 | ▲ 2.0% |
| Other operating charges640/8 | €348 | €384 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | €9,406 | €29,626 | €10,898 | €12,213 | ▲ 12.1% |
| Operating profit (loss)9901 | -€1,464 | €29,193 | -€7,584 | -€6,649 | ▲ 12.3% |
| Financial income75/76B | - | - | €74 | - | - |
| Recurring financial income75 | - | - | €74 | - | - |
| Financial charges65/66B | €1,606 | €3,978 | €3,238 | €3,008 | ▼ 7.1% |
| Recurring financial charges65 | €1,606 | €3,978 | €3,238 | €3,008 | ▼ 7.1% |
| Profit (loss) for the period before taxes9903 | -€3,070 | €25,215 | -€10,749 | -€9,657 | ▲ 10.2% |
| Income taxes67/77 | - | €1,972 | - | - | - |
| Profit (loss) for the period9904 | -€3,070 | €23,243 | -€10,749 | -€9,657 | ▲ 10.2% |
| Profit (loss) for the period to be appropriated9905 | -€3,070 | €23,243 | -€10,749 | -€9,657 | ▲ 10.2% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €180,029 | €200,770 | €180,515 | €158,393 | ▼ 12.3% |
| Fixed assets21/28 | €169,793 | €179,951 | €163,243 | €144,781 | ▼ 11.3% |
| Tangible fixed assets22/27 | €169,793 | €179,951 | €163,243 | €144,781 | ▼ 11.3% |
| Furniture and vehicles24 | €169,793 | €179,951 | €163,243 | €144,781 | ▼ 11.3% |
| Current assets29/58 | €10,237 | €20,819 | €17,272 | €13,612 | ▼ 21.2% |
| Amounts receivable within one year40/41 | €6,644 | €493 | €15,084 | €6,033 | ▼ 60.0% |
| Trade receivables40 | €6,400 | €493 | €15,084 | €5,961 | ▼ 60.5% |
| Other amounts receivable41 | €244 | - | - | €72 | - |
| Cash at bank and in hand54/58 | €3,592 | €20,327 | €2,188 | €7,579 | ▲ 246% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €180,029 | €200,770 | €180,515 | €158,393 | ▼ 12.3% |
| Equity10/15 | €1,930 | €25,173 | €14,425 | €4,768 | ▼ 66.9% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Outside capital11 | €5,000 | - | - | - | - |
| Other1109/19 | €5,000 | - | - | - | - |
| Profit (loss) carried forward14 | -€3,070 | €20,173 | €9,425 | -€232 | ▼ 102% |
| Amounts payable17/49 | €178,099 | €175,596 | €166,090 | €153,625 | ▼ 7.5% |
| Amounts payable after more than one year17 | €168,038 | €161,587 | €152,351 | €142,609 | ▼ 6.4% |
| Financial debts170/4 | €168,038 | €161,587 | €152,351 | €142,609 | ▼ 6.4% |
| Amounts payable within one year42/48 | €9,361 | €13,729 | €13,739 | €10,011 | ▼ 27.1% |
| Current portion of amounts payable after more than one year42 | €8,578 | €9,628 | €9,236 | €9,583 | ▲ 3.8% |
| Trade debts44 | €783 | €617 | €1,779 | €428 | ▼ 76.0% |
| Suppliers440/4 | €783 | €617 | €1,779 | €428 | ▼ 76.0% |
| Taxes, remuneration and social security45 | - | €3,485 | €2,724 | - | - |
| Taxes450/3 | - | €3,485 | €2,724 | - | - |
| Accrued charges and deferred income492/3 | €701 | €280 | - | €1,005 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,070 | €23,243 | -€10,749 | -€9,657 | ▲ 10.2% |
| + Depreciation and write-downs630 | €10,522 | €49 | €18,095 | €18,463 | ▲ 2.0% |
| Operating cash flow (approximation) | €7,452 | €23,293 | €7,346 | €8,806 | ▲ 19.9% |
| Investment in fixed assets (approximation) | - | -€10,207 | -€1,388 | €0 | ▲ 100% |
| Change in cash | - | €16,734 | -€18,139 | €5,392 | ▲ 130% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
08-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 39 days late
2024
31-12
Financial
Weakest financial yearnet -€10,749
Net result drops to -€10,749, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Back to profitnet €23,243
Net result €23,243 after one loss-making year.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, La Hulpe · 1 establishment unit since 2022
Ground area
1,470 m²
Building footprint
221 m²
Volume, LiDAR
1,297 m³
Parcel 25050F0011/00L006, Wallonia · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
WIN AIR
since 20222.332.429.831
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25050F0011/00L006 | Wallonia | 1,470 m² | 2 · 221 m² | 8.0 m · 2 fl. |
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.
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Of 11,671 companies in sector 85599 we hold annual accounts for 1,329. 550 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
Founded03-05-2022
Fiscal year end31-12
Activities, NACEBEL 2025
85599Other education
85510Sports and recreation education
85532Education
Contact
E-mail
olivier.winair@gmail.comLa Hulpe
Phone
0475410334La Hulpe
Scores and ratios are computed by Checked and are not a credit decision.