WIN-FORCE
ActiveSummary
WIN-FORCE has been active since 1999 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €48,088 and a net result of €26,050. Equity has been shrinking by about 27% per year since 2019. If that trend continues, it turns negative around financial year 2026. Its solvency ranks better than 81% of 5,709 sector peers (NACE 96, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 04-03-1999 Normal situation
- Activity
- Day spas, saunas and steam baths NACE 96230and 4 others
- Establishment unit
- 2.099.433.158 3010 Leuven, since 07-03-2000
- Financial year end
- 30 June
- Peppol
- Reachable since 01-10-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €33,661
- ▼ 26.6%
- Turnover
- ≈ €100,000
- estimated
- Profit
- €26,050
- ▼ 26.9%
- Equity
- €48,088
- ▲ 118%
- Total assets
- €71,494
- ▼ 14.1%
Score breakdownlowers riskLiquidity: current ratio 2.39, cash €45,699Equity €48,088 (67.3% of total assets)Founded in 1999Figures for financial year 2025 (filed on 10-01-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 96, micro). It does better than 81% of them on solvency, 88% on liquidity, 93% on profitability and 92% on growth.
The bankruptcy probability was computed on 01-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 35 days before the deadline. In the sector (NACE 96), the median for financial year 2024 was on the deadline day, and 48% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 08-01-2026 PDF all 26 filings
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is 27% lower than in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Personal service activities (NACE 96). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €632 | - | €1,900 | - |
| Depreciation and write-downs of the year | €7,456 | €7,542 | €7,649 | €5,137 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 · 1 entry · €57 awarded · €57 paidComparable companies
These companies have the same main activity as WIN-FORCE: day spas, saunas and steam baths (NACE 96230). They are comparable in size and age: total assets between €64,700 and €82,500, founded between 1997 and 2006.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | Financial year |
|---|---|---|---|---|---|---|---|
| WIN-FORCE Leuven | 1999 | €71,494 | €48,088 | €33,661 | - | €26,050 | 2025 |
| BORA BORA Ganshoren | 2000 | €76,518 | €26,619 | €31,666 | - | -€2,608 | 2025 |
| Cari Beringen | 1998 | €65,008 | €37,711 | €38,516 | - | €4,509 | 2025 |
| FYSIOFIT Bornem | 1997 | €82,473 | €19,229 | €38,025 | - | €3,533 | 2024 |
| STUDIO K & T Herent | 2004 | €69,777 | €15,264 | €28,801 | - | €4,133 | 2025 |
| SONGKRAN Zaventem | 2006 | €64,668 | -€13,640 | €36,457 | €57,316 | €5,976 | 2024 |
| AQUASIS Hensies | 2000 | €78,929 | €68,537 | €24,500 | - | €6,937 | 2025 |
They were chosen from the 746 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 31,368 companies had the same profile as WIN-FORCE has now. Two years later, 0.5% had gone bankrupt and 93.5% were still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of WIN-FORCE itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for WIN-FORCE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,619 | €7,619 | €7,625 | €7,456 | €7,542 | €7,649 | €5,137 | ▼ 32.8% |
| Other operating charges640/8 | - | - | - | €1,959 | €2,099 | €1,852 | €1,814 | ▼ 2.0% |
| Gross operating margin9900 | -€45,216 | -€19,149 | -€10,605 | €1,592 | -€2,515 | €45,850 | €33,661 | ▼ 26.6% |
| Operating profit (loss)9901 | -€54,432 | -€27,930 | -€19,639 | -€7,823 | -€12,156 | €36,350 | €26,710 | ▼ 26.5% |
| Financial income75/76B | - | - | - | €0 | €0 | €0 | €0 | ▼ 100% |
| Recurring financial income75 | €85 | €2 | €0 | €0 | €0 | €0 | €0 | ▼ 100% |
| Financial charges65/66B | - | - | - | €62 | €64 | €264 | €703 | ▲ 166% |
| Recurring financial charges65 | €372 | €60 | €68 | €62 | €64 | €264 | €703 | ▲ 166% |
| Profit (loss) for the period before taxes9903 | -€54,719 | -€27,988 | -€19,707 | -€7,885 | -€12,220 | €36,085 | €26,007 | ▼ 27.9% |
| Income taxes67/77 | €64 | €133 | €132 | €0 | €150 | €447 | -€43 | - |
| Profit (loss) for the period9904 | -€54,782 | -€28,121 | -€19,838 | -€7,885 | -€12,370 | €35,639 | €26,050 | ▼ 26.9% |
| Profit (loss) for the period to be appropriated9905 | -€54,782 | -€28,121 | -€19,838 | -€7,885 | -€12,370 | €35,639 | €26,050 | ▼ 26.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €113,522 | €86,336 | €74,335 | €62,830 | €44,872 | €83,258 | €71,494 | ▼ 14.1% |
| Fixed assets21/28 | €57,088 | €49,469 | €42,194 | €35,370 | €27,828 | €22,079 | €16,942 | ▼ 23.3% |
| Tangible fixed assets22/27 | €57,088 | €49,469 | €42,194 | €35,370 | €27,828 | €22,079 | €16,942 | ▼ 23.3% |
| Land and buildings22 | - | - | - | €32,237 | €26,036 | €20,458 | €16,196 | ▼ 20.8% |
| Plant, machinery and equipment23 | - | - | - | €1,116 | €744 | €372 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | €2,017 | €1,048 | €1,249 | €746 | ▼ 40.2% |
| Current assets29/58 | €56,434 | €36,867 | €32,141 | €27,460 | €17,043 | €61,178 | €54,552 | ▼ 10.8% |
| Amounts receivable within one year40/41 | €14,548 | €11,138 | €4,465 | €677 | €2,465 | €12,876 | €7,167 | ▼ 44.3% |
| Trade receivables40 | - | - | - | €0 | €2,457 | €9,959 | €7,158 | ▼ 28.1% |
| Other amounts receivable41 | - | - | - | €677 | €8 | €2,917 | €9 | ▼ 99.7% |
| Cash at bank and in hand54/58 | €40,774 | €24,662 | €26,033 | €24,601 | €13,309 | €45,751 | €45,699 | ▼ 0.1% |
| Deferred charges and accrued income490/1 | - | - | - | €2,181 | €1,269 | €2,550 | €1,685 | ▼ 33.9% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €113,522 | €86,336 | €74,335 | €62,830 | €44,872 | €83,258 | €71,494 | ▼ 14.1% |
| Equity10/15 | €104,614 | €76,493 | €56,654 | €48,769 | €36,399 | €22,037 | €48,088 | ▲ 118% |
| Contributions10/11 | €18,600 | - | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €87,416 | €87,416 | €87,416 | €87,416 | €87,416 | €37,416 | €37,416 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €0 | - | - |
| Tax-exempt reserves132 | - | - | - | €2,946 | €2,946 | €2,946 | €2,946 | = |
| Distributable reserves133 | - | - | - | €82,609 | €82,609 | €34,469 | €34,469 | = |
| Profit (loss) carried forward14 | -€1,402 | -€29,523 | -€49,361 | -€57,247 | -€69,617 | -€33,978 | -€7,928 | ▲ 76.7% |
| Amounts payable17/49 | €8,909 | €9,844 | €17,681 | €14,061 | €8,473 | €61,220 | €23,406 | ▼ 61.8% |
| Amounts payable within one year42/48 | €8,380 | €9,844 | €17,681 | €14,061 | €8,473 | €61,021 | €22,808 | ▼ 62.6% |
| Financial debts43 | - | - | - | - | €99 | €1,141 | €494 | ▼ 56.7% |
| Credit institutions430/8 | - | - | - | - | €99 | €1,141 | €494 | ▼ 56.7% |
| Trade debts44 | - | €456 | €2,535 | €4,208 | €4,833 | €5,794 | €6,133 | ▲ 5.8% |
| Suppliers440/4 | - | - | - | €4,208 | €4,833 | €5,794 | €6,133 | ▲ 5.8% |
| Taxes, remuneration and social security45 | - | - | - | €596 | €277 | €4,086 | €2,986 | ▼ 26.9% |
| Taxes450/3 | - | - | - | €596 | €277 | €4,086 | €2,986 | ▼ 26.9% |
| Other amounts payable47/48 | - | - | - | €9,256 | €3,264 | €50,000 | €13,195 | ▼ 73.6% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €200 | €599 | ▲ 200% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€54,782 | -€28,121 | -€19,838 | -€7,885 | -€12,370 | €35,639 | €26,050 | ▼ 26.9% |
| + Depreciation and write-downs630 | €7,619 | €7,619 | €7,625 | €7,456 | €7,542 | €7,649 | €5,137 | ▼ 32.8% |
| Operating cash flow (approximation) | -€47,163 | -€20,502 | -€12,213 | -€430 | -€4,829 | €43,287 | €31,187 | ▼ 28.0% |
| Investment in fixed assets (approximation) | - | €0 | -€351 | -€632 | €0 | -€1,900 | €0 | - |
| Change in cash | - | -€16,112 | €1,372 | -€1,432 | -€11,292 | €32,442 | -€52 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 26 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 08-01-2026 | 2026-00005314 | |
| 30-06-2024 | micro format | 21-01-2025 | 2025-00008433 | |
| 30-06-2023 | micro format | 19-12-2023 | 2023-00531074 | |
| 30-06-2022 | micro format | 20-12-2022 | 2022-20542859 | |
| 30-06-2021 | micro format | 28-12-2021 | 2021-82000087 | |
| 30-06-2020 | micro format | 02-12-2020 | 2020-74400287 | |
| 30-06-2019 | micro format | 31-12-2019 | 2019-78100147 | |
| 30-06-2018 | micro format | 30-11-2018 | 2018-73500226 | |
| 30-06-2017 | micro format | 04-12-2017 | 2017-70700397 | |
| 30-06-2016 | abbreviated format | 29-11-2016 | 2016-68600197 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 16-01-2024 Capital stated in the deed · 75 shares
Mandate history
- Board
- began earlier
- end not dated
| Name | Functions and periods |
|---|---|
| DE MOULIN Lieve Agnes Maurits |
|
| DE MOULIN Veerle Hortense |
|
Network & group
WIN-FORCE shares no director with another company.
Companies at the same address
1 other companyConnections & network
1 current directorThe network starts from the directors of WIN-FORCE. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
16-01
Gazette deed
Change of role: DE MOULIN Lieve Agnes Maurits, from manager to statutory directorAppointment: DE MOULIN Veerle Hortense (niet statutair opvolgend bestuurder) · Amendment of the articles · Capital conversion13 points ▸
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “vaststelling omzetting van rechtswege”, 2 (deed in Dutch)
- Reserve release, “opheffing, middelen beschikbaar voor uitkering” (deed in Dutch)
- Other provision, “interimdividenden, mogelijkheid voorzien in nieuwe statuten” (deed in Dutch)
- Other provision, “deelneming algemene vergadering op afstand langs elektronische weg, mogelijkheid” (deed in Dutch)
- Other provision, “schriftelijke algemene vergadering, mogelijkheid” (deed in Dutch)
- Capital
- Director appointment, DE MOULIN Lieve Agnes Maurits (statutory director), mentioned 2 times in the deed
- Director resignation, DE MOULIN Lieve Agnes Maurits (manager)
- Director discharge, DE MOULIN Lieve Agnes Maurits
- Director appointment, DE MOULIN Veerle Hortense (niet statutair opvolgend bestuurder)
- Registered office clause, “3010 Leuven (Kessel-Lo),Pieter Nollekensstraat 65 bus 02.01” (deed in Dutch)
- The act holds 1 more point.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
13 activities
- Het verlenen van bijstand,advies,management,consultancy en andere diensten aan bedrijven,privé-personen en instellingen;
- Het volledig of gedeeltelijk beheer van projecten voor eigen rekening of voor rekening van derden;
- Organiseren,huren en verhuren,kopen en verkopen van alle soorten opleidingen,workshops,trainingen en cursussen;
- Aan- en verkoop,huur en verhuur,vertegenwoordiging van alle producten en diensten die verband houden met voornoemde activiteiten;
- Verstrekken van alle mogelijke vormen van coaching en training;
- Diverse administratieve activiteiten ten behoeve van kantoren;
- Overige zakelijke dienstverleningen;
- Het uitoefenen van activiteit als adviesbureau op het gebied van public relations en communicatie;
- De uitoefening van alternatieve en of klassieke geneeswijzen;het verlenen van advies inzake voormelde activiteiten;
- Het doceren van behandeltechnieken,alle andere en/of klassieke geneeswijzen aan personen;
- Traditionele Chinese geneeskunde,shiatsu,massage en andere vormen van lichaamswerk;
- De samenwerking met andere personen uit alle medische en paramedische beroepen;
- Het uitoefenen van een bestuursmandaat of mandaat van vereffenaar in andere ondernemingen;het verlenen van managementprestaties en het vervullen van interim-opdrachten;het deelnemen aan het toezicht op ondernemingen.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24483E0246/00T002 | Flanders | 374 m² | 1 · 101 m² | 14.2 m · 4 |