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Win Asset Management

Active Risk: not assessed
Public limited companyfounded 20233 yrs activeMichel De Braeystraat 52, 2000 Antwerpen, BelgiumKBO/BCE: BE 0795.739.005
Summary

Win Asset Management is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €340,117 and a net result of -€21,193. Equity is shrinking by ~5.2% per year across the filed fiscal years. Its solvency ranks better than 58% of 2473 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals

1 signal. The signal on the left, the evidence on the right.
○neutral
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 01-07-2026, 30 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
30 d early
2024
41 d early
2023
91 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 7 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.

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. Usually files around 1 July (3 of the last 3 filed years within 122 days of that day).
Companies Code · seven months
Position in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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

History

Win Asset Management was incorporated on 4 January 2023 as a Public limited company.1 Total assets went from EUR 500,142 in 2023 to EUR 486,895 in 2025 and headcount from 1 to 1.4 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, full schema

Equity
€340,117▼ 5.9%
2024 · €361,310
Net result
-€21,193▼ 30.2%
2024 · -€16,282
Total assets
€486,895▲ 5.6%
2024 · €461,274
Solvency
69.9%▼ 8.5pp
2024 · 78.3%
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the fiscal year before
favourable unfavourable
Line202320242025
Operating result-€148,901--€15,615▲ 89.5%-€20,516▼ 31.4%
Net result-€149,362below the sector's middle half--€16,282below the sector's middle half▲ 89.1%-€21,193below the sector's middle half▼ 30.2%
Equity€377,592within the sector's middle half-€361,310within the sector's middle half▼ 4.3%€340,117below the sector's middle half▼ 5.9%
Total assets€500,142within the sector's middle half-€461,274below the sector's middle half▼ 7.8%€486,895below the sector's middle half▲ 5.6%
Debt€122,549-€99,963▼ 18.4%€146,778▲ 46.8%
Working capital€310,481above the sector's middle half-€308,912within the sector's middle half▼ 0.5%€283,067within the sector's middle half▼ 8.4%
Solvency75.5%within the sector's middle half-78.3%within the sector's middle half▲ 2.8pp69.9%within the sector's middle half▼ 8.5pp
Current ratio3.53within the sector's middle half-4.09above the sector's middle half▲ 0.562.93within the sector's middle half▼ 1.16
Return on assets (ROA)-29.9%below the sector's middle half--3.5%below the sector's middle half▲ 26.3pp-4.4%below the sector's middle half▼ 0.8pp
Staff (FTE)1-1within the sector's middle half=1.4within the sector's middle half▲ 40.0%
above within below the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
  • 2024 Net result +89% on 2023. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
-€150,000-€100,000-€50,000€0Operating result 2023: -€148,901-€148,901Net result 2023: -€149,362-€149,362Operating result 2024: -€15,615-€15,615Net result 2024: -€16,282-€16,282Operating result 2025: -€20,516-€20,516Net result 2025: -€21,193-€21,193202320242025-€150,000-€100,000-€50,000€0Operating result 2023: -€148,901Net result 2023: -€149,362-€149,000Operating result 2024: -€15,615-€15,600Net result 2024: -€16,282-€16,300Operating result 2025: -€20,516-€20,500Net result 2025: -€21,193-€21,200202320242025
The operating result stays negative: a loss of €20,516 in 2025 against €15,615 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €486,895
Fixed assets €57,050 ▲ 8.9%
Current assets €429,845 ▲ 5.1%
Equity and liabilities €486,895
Equity €340,117 ▼ 5.9%
Debt €146,778 ▲ 46.8%
Debt's share of the balance-sheet total rises from 21.7% to 30.1%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
ROE
-6.2%▼
2024 · -4.5%
Debt ≤ 1 year
€146,778▲
2024 · €99,963
Staff costs
€133,716▲
2024 · €83,040
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet Code20242025
Assets
Total assets20/58€461,274€486,895▲
Fixed assets21/28€52,398€57,050▲
Intangible fixed assets21€47,055€49,654▲
Tangible fixed assets22/27€5,344€7,396▲
Furniture and vehicles24€2,244€4,296▲
Other tangible fixed assets26€3,100€3,100=
Current assets29/58€408,875€429,845▲
Amounts receivable within one year40/41€268,079€150,973▼
Trade receivables40€267,929€148,442▼
Other amounts receivable41€150€2,531▲
Cash at bank and in hand54/58€138,699€274,625▲
Deferred charges and accrued income490/1€2,097€4,247▲
Equity and liabilities
Total equity and liabilities10/49€461,274€486,895▲
Equity10/15€361,310€340,117▼
Contributions10/11€526,954€526,954=
Capital10€526,954€526,954=
Issued capital100€526,954€526,954=
Profit (loss) carried forward14-€165,644-€186,837▼
Amounts payable17/49€99,963€146,778▲
Amounts payable within one year42/48€99,963€146,778▲
Trade debts44€91,839€131,927▲
Suppliers440/4€91,839€131,927▲
Taxes, remuneration and social security45€8,125€14,851▲
Taxes450/3€5,723€95▼
Remuneration and social security454/9€2,402€14,757▲
Income statement Code20242025
Remuneration, social security and pensions62€83,040€133,716▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14,713€19,078▲
Other operating charges640/8€560€620▲
Non-recurring operating charges66A-€25,000
Gross operating margin9900€82,697€157,897▲
Operating profit (loss)9901-€15,615-€20,516▼
Financial income75/76B-€11
Recurring financial income75-€11
Financial charges65/66B€667€688▲
Recurring financial charges65€667€688▲
Profit (loss) for the period before taxes9903-€16,282-€21,193▼
Profit (loss) for the period9904-€16,282-€21,193▼
Profit (loss) for the period to be appropriated9905-€16,282-€21,193▼
Appropriation of the result
Profit (loss) to be appropriated9906-€165,644-€186,837▼
Profit (loss) brought forward from the previous period14P-€149,362-€165,644▼
Social balance
Average headcount (FTE)9087-1.4

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Remuneration, social security and pensions62€87,258€83,040€133,716▲ 61.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,294€14,713€19,078▲ 29.7%
Other operating charges640/8€384€560€620▲ 10.6%
Non-recurring operating charges66A--€25,000-
Gross operating margin9900-€52,964€82,697€157,897▲ 90.9%
Operating profit (loss)9901-€148,901-€15,615-€20,516▼ 31.4%
Financial income75/76B--€11-
Recurring financial income75--€11-
Financial charges65/66B€461€667€688▲ 3.1%
Recurring financial charges65€461€667€688▲ 3.1%
Profit (loss) for the period before taxes9903-€149,362-€16,282-€21,193▼ 30.2%
Profit (loss) for the period9904-€149,362-€16,282-€21,193▼ 30.2%
Profit (loss) for the period to be appropriated9905-€149,362-€16,282-€21,193▼ 30.2%
Line202320242025Change
Assets
Total assets20/58€500,142€461,274€486,895▲ 5.6%
Fixed assets21/28€67,111€52,398€57,050▲ 8.9%
Intangible fixed assets21€59,806€47,055€49,654▲ 5.5%
Tangible fixed assets22/27€7,305€5,344€7,396▲ 38.4%
Furniture and vehicles24€4,205€2,244€4,296▲ 91.5%
Other tangible fixed assets26€3,100€3,100€3,100=
Current assets29/58€433,030€408,875€429,845▲ 5.1%
Amounts receivable within one year40/41€420,748€268,079€150,973▼ 43.7%
Trade receivables40€420,598€267,929€148,442▼ 44.6%
Other amounts receivable41€150€150€2,531▲ 1,587%
Cash at bank and in hand54/58€9,943€138,699€274,625▲ 98.0%
Deferred charges and accrued income490/1€2,340€2,097€4,247▲ 102%
Equity and liabilities
Total equity and liabilities10/49€500,142€461,274€486,895▲ 5.6%
Equity10/15€377,592€361,310€340,117▼ 5.9%
Contributions10/11€526,954€526,954€526,954=
Capital10€526,954€526,954€526,954=
Issued capital100€526,954€526,954€526,954=
Profit (loss) carried forward14-€149,362-€165,644-€186,837▼ 12.8%
Amounts payable17/49€122,549€99,963€146,778▲ 46.8%
Amounts payable within one year42/48€122,549€99,963€146,778▲ 46.8%
Trade debts44€108,502€91,839€131,927▲ 43.7%
Suppliers440/4€108,502€91,839€131,927▲ 43.7%
Taxes, remuneration and social security45€14,048€8,125€14,851▲ 82.8%
Taxes450/3€4,264€5,723€95▼ 98.3%
Remuneration and social security454/9€9,783€2,402€14,757▲ 514%
Line202320242025Change
Profit (loss) for the period9904-€149,362-€16,282-€21,193▼ 30.2%
+ Depreciation and write-downs630€8,294€14,713€19,078▲ 29.7%
Operating cash flow (approximation)-€141,067-€1,570-€2,116▼ 34.8%
Investment in fixed assets (approximation)-€0-€23,729-
Change in cash-€128,756€135,926▲ 5.6%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
01-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
20-06
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-10
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 91 days late
19-08
State Gazette act Corporate purpose · Power of attorney
Management agreement · Fund duration
State Gazette actNBB filing
0 of 4 acts read
About the unread acts

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Antwerpen
exact location from the address register On OpenStreetMap
Ground area
2,760 m²
Building footprint
1,517 m²
Parcel 11811L3917/00D002, Flanders. Linked by address, not a title deed.
39 companies at this address See who is registered here
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11811L3917/00D002 Flanders 2,760 m² 1 · 1,517 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.

Structure & network

Owners and holdings

3 owners

Owners 3

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Recognitions · licences · registrations

Legal Entity Identifier

894500T2E0UQL4IOOM37
live in the LEI register

Similar companies · same sector, comparable size

Of 24,721 companies in this sector we hold annual accounts for 19,804. 13,774 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPublic limited company
Founded04-01-2023
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
66199Other activities auxiliary to financial services, excluding insurance and pension funding
E-invoicing
Reachable via Peppol
Peppol ID 0208:0795739005
Also 9925:BE0795739005
Registered 12-05-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 1 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.