Winacha
ActiveWinacha has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €231k and a net result of €-17k. Equity is shrinking by ~5.3% per year across the filed fiscal years. Its solvency ranks better than 50% of 14056 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability23▼-18
Solvency55▼-1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity short (current ratio 0.34 against 0.35 in 2024; short-term debt: 22.5% and cash: 7.4% of total assets), and 70% of the assets are financed with debt.
Credit advice for your own amount and term
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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
1819202122232425
2018 to 2025 · latest year €-17k
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 09-04-2026, 113 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
113 d early
2024
80 d early
2023
55 d early
2022
46 d early
2021
40 d early
2020
27 d late
2019
20 d late
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€231k▼ 6.7%
2024 · €247k
2018: €573k
2019: €313k
2020: €283k
2021: €263k
2022: €262k
2023: €248k
2024: €247k
2018 → 2025
Total assets
€769k▼ 2.2%
2024 · €786k
2018: €728k
2019: €676k
2020: €860k
2021: €832k
2022: €798k
2023: €785k
2024: €786k
2018 → 2025
Net result
€-17k▼ 2,687%
2024 · €-593
2018: €96k
2019: €-77k
2020: €-30k
2021: €-20k
2022: €-921
2023: €-14k
2024: €-593
2018 → 2025
Working capital
€-113k▼ 1.0%
2024 · €-112k
2018: €291k
2019: €-171k
2020: €-145k
2021: €-145k
2022: €-132k
2023: €-127k
2024: €-112k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€263k-€262k▼ 0.4%€248k▼ 5.3%€247k▼ 0.2%€231k▼ 6.7%
Operating result€-1k-€3k€-6k€8k€-9k
Net result€-20k-€-921▲ 95.4%€-14k▼ 1,420%€-593▲ 95.8%€-17k▼ 2,687%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €9k after €8k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €769k
Fixed assets
€710k▼ 2.1%
Current assets
€60k▼ 2.8%
Equity and liabilities €769k
Equity
€231k▼ 6.7%
Debt
€538k▼ 0.1%
The debt ratio rises from 68.5% to 70.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€6k▼
2024 · €23k
Cash flow
€-1k▼
2024 · €15k
Solvency
30.0%▼
2024 · 31.5%
Current ratio
0.34▼
2024 · 0.35
Quick ratio
0.34▼
2024 · 0.35
Debt / equity
2.33▲
2024 · 2.18
ROE
-7.2%▼
2024 · -0.2%
ROA
-2.1%▼
2024 · -0.1%
Interest coverage
0.81▼
2024 · 2.71
Debt
€538k▼
2024 · €539k
Debt ≤ 1 year
€173k▼
2024 · €173k
Debt > 1 year
€364k=
2024 · €364k
Income taxes
€0▼
2024 · €60
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€786k€769k▼
Fixed assets21/28€725k€710k▼
Tangible fixed assets22/27€725k€710k▼
Land and buildings22€724k€709k▼
Plant, machinery and equipment23€1k€906▼
Current assets29/58€61k€60k▼
Amounts receivable within one year40/41€920€1k▲
Trade receivables40€920€960▲
Other amounts receivable41-€60
Cash at bank and in hand54/58€57k€57k▼
Deferred charges and accrued income490/1€3k€1k▼
Equity and liabilities
Total equity and liabilities10/49€786k€769k▼
Equity10/15€247k€231k▼
Contributions10/11€359k€359k=
Capital10€359k€359k=
Issued capital100€359k€359k=
Reserves13€9k€9k=
Non-distributable reserves130/1€9k€9k=
Legal reserve130€9k€9k=
Profit (loss) carried forward14€-121k€-137k▼
Amounts payable17/49€539k€538k▼
Amounts payable after more than one year17€364k€364k=
Other amounts payable178/9€364k€364k=
Amounts payable within one year42/48€173k€173k▼
Financial debts43€150k€150k=
Credit institutions430/8€150k€150k=
Trade debts44€2k€2k▼
Suppliers440/4€2k€2k▼
Advances received on contracts in progress46€0-
Other amounts payable47/48€21k€21k=
Accrued charges and deferred income492/3€1k€1k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€15k▼
Other operating charges640/8€11k€12k▲
Gross operating margin9900€35k€18k▼
Operating profit (loss)9901€8k€-9k▼
Financial income75/76B€200€201▲
Recurring financial income75€200€201▲
Financial charges65/66B€9k€7k▼
Recurring financial charges65€9k€7k▼
Profit (loss) for the period before taxes9903€-533€-17k▼
Income taxes67/77€60€0▼
Profit (loss) for the period9904€-593€-17k▼
Profit (loss) for the period to be appropriated9905€-593€-17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-121k€-137k▼
Profit (loss) brought forward from the previous period14P€-120k€-121k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
12-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 20 days late
2019
31-12
Financial
Weakest financial yearnet €-77k ▼180%
Net result drops to €-77k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 acts for this company are 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, Sint-Gillis-Waas · 1 establishment unit since 1988
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Bareel(DKL) 259170 Sint-Gillis-WaasGround area
4,393 m²
Building footprint
237 m²
Volume, LiDAR
1,129 m³
Parcel 46005A0051/00D000, Flanders · tallest building 6.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
WINACHA
since 19882.036.677.326
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46005A0051/00D000 | Flanders | 4,393 m² | 1 · 237 m² | 6.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
CP IMMO
BE 0863.546.062
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Ronse · Eq €231k
RP-ATH
BE 1018.380.630
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L-PROJECTS
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ARTUUR
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Of 12,023 companies in sector 68203 we hold annual accounts for 5,986. 4,310 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded09-02-1988
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.