WINCO
ActiveSummary
WINCO has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €199k and a net result of €25k. Equity remains stable across the filed fiscal years (±2.5% per year). Its solvency ranks better than 95% of 2198 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▼-17
Solvency100▲+16
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 11.19 against 2.4 in 2024; short-term debt: 8.3% and cash: 13.8% of total assets), and 8.3% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
91.7%
Return on assets
11.4%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €199k
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
20 d early
2023
25 d early
2022
28 d early
2021
37 d early
2020
19 d early
2019
8 d early
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Hiring this company for building work? Recognition, activities and what to check first.Contractor check Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Financials · fiscal year 2025, abbreviated schema
Equity
€199k▲ 14.2%
2024 · €174k
Total assets
€217k▼ 26.1%
2024 · €293k
Net result
€25k▼ 68.6%
2024 · €79k
Working capital
€183k▲ 10.1%
2024 · €166k
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
Line20212022202320242025
Operating result€-6k▲ 44.0%€-6k▼ 8.8%€13k€98k▲ 680%€32k▼ 67.1%
Net result€286▼ 73.9%€646▲ 126%€11k▲ 1,608%€79k▲ 612%€25k▼ 68.6%
Equity€162k▲ 0.2%€163k▲ 0.4%€174k▲ 6.8%€174k▲ 0.3%€199k▲ 14.2%
Total assets€200k▼ 3.7%€197k▼ 1.3%€197k▼ 0.3%€293k▲ 49.2%€217k▼ 26.1%
Debt€38k▼ 17.4%€35k▼ 8.6%€23k▼ 33.4%€119k▲ 416%€18k▼ 84.9%
Working capital€149k▼ 0.3%€155k▲ 4.1%€170k▲ 9.6%€166k▼ 2.1%€183k▲ 10.1%
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 falls in 2025; 2025 is 67% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €217k
Fixed assets
€16k ▲ 103%
Current assets
€201k ▼ 29.6%
Equity and liabilities €217k
Equity
€199k ▲ 14.2%
Debt
€18k ▼ 84.9%
Debt's share of the balance-sheet total falls from 40.6% to 8.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€36k▼
2024 · €101k
Cash flow
€28k▼
2024 · €82k
Current ratio
11.19▲
2024 · 2.40
Quick ratio
10.96▲
2024 · 2.36
Debt to equity
0.09▼
2024 · 0.68
ROE
12.4%▼
2024 · 45.1%
ROA
11.4%▼
2024 · 26.8%
Interest coverage
50.66▼
2024 · 85.60
Debt ≤ 1 year
€18k▼
2024 · €119k
Income taxes
€13k▼
2024 · €27k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €7k | €5k | €3k | €4k | ▲ 26.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €-10k | - | - | - |
| Other operating charges640/8 | €2k | €1k | €30k | €1k | €2k | ▲ 49.6% |
| Gross operating margin9900 | €2k | €2k | €37k | €102k | €37k | ▼ 63.2% |
| Operating profit (loss)9901 | €-6k | €-6k | €13k | €98k | €32k | ▼ 67.1% |
| Financial income75/76B | €10k | €10k | €7k | €9k | €6k | ▼ 29.9% |
| Recurring financial income75 | €10k | €10k | €7k | €9k | €6k | ▼ 29.9% |
| Financial charges65/66B | €2k | €2k | €2k | €1k | €709 | ▼ 39.7% |
| Recurring financial charges65 | €2k | €2k | €2k | €1k | €709 | ▼ 39.7% |
| Profit (loss) for the period before taxes9903 | €1k | €1k | €18k | €106k | €38k | ▼ 64.2% |
| Income taxes67/77 | €1k | €769 | €7k | €27k | €13k | ▼ 51.7% |
| Profit (loss) for the period9904 | €286 | €646 | €11k | €79k | €25k | ▼ 68.6% |
| Profit (loss) for the period to be appropriated9905 | €286 | €646 | €11k | €79k | €25k | ▼ 68.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €200k | €197k | €197k | €293k | €217k | ▼ 26.1% |
| Fixed assets21/28 | €13k | €7k | €4k | €8k | €16k | ▲ 103% |
| Tangible fixed assets22/27 | €13k | €7k | €4k | €8k | €16k | ▲ 103% |
| Plant, machinery and equipment23 | €7k | €3k | €1k | €2k | €5k | ▲ 180% |
| Furniture and vehicles24 | €7k | €5k | €2k | €6k | €11k | ▲ 82.7% |
| Financial fixed assets28 | €25 | €25 | €25 | €25 | €25 | = |
| Current assets29/58 | €186k | €190k | €193k | €286k | €201k | ▼ 29.6% |
| Stocks and contracts in progress3 | €8k | €6k | €5k | €4k | €4k | ▼ 5.9% |
| Stocks30/36 | €8k | €6k | €5k | €4k | €4k | ▼ 5.9% |
| Amounts receivable within one year40/41 | €176k | €181k | €183k | €209k | €165k | ▼ 20.8% |
| Trade receivables40 | €19k | €44k | €41k | €40k | €58k | ▲ 47.2% |
| Other amounts receivable41 | €156k | €137k | €142k | €169k | €107k | ▼ 36.8% |
| Cash at bank and in hand54/58 | - | - | €1k | €68k | €30k | ▼ 56.1% |
| Deferred charges and accrued income490/1 | €3k | €3k | €4k | €4k | €2k | ▼ 59.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €200k | €197k | €197k | €293k | €217k | ▼ 26.1% |
| Equity10/15 | €162k | €163k | €174k | €174k | €199k | ▲ 14.2% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €17k | €17k | €28k | €28k | €53k | ▲ 88.5% |
| Non-distributable reserves130/1 | €12k | €12k | €12k | €12k | €12k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves not available under the articles1311 | €5k | €5k | €5k | €5k | €5k | = |
| Distributable reserves133 | €5k | €5k | €16k | €16k | €41k | ▲ 152% |
| Profit (loss) carried forward14 | €83k | €84k | €84k | €84k | €84k | = |
| Amounts payable17/49 | €38k | €35k | €23k | €119k | €18k | ▼ 84.9% |
| Amounts payable after more than one year17 | €454 | - | - | - | - | - |
| Financial debts170/4 | €454 | - | - | - | - | - |
| Amounts payable within one year42/48 | €37k | €35k | €23k | €119k | €18k | ▼ 84.9% |
| Current portion of amounts payable after more than one year42 | €1k | €454 | - | - | - | - |
| Financial debts43 | €22k | €23k | €10k | - | - | - |
| Credit institutions430/8 | €12k | €13k | - | - | - | - |
| Other loans439 | €10k | €10k | €10k | - | - | - |
| Trade debts44 | €12k | €10k | €6k | €34k | €18k | ▼ 47.5% |
| Suppliers440/4 | €12k | €10k | €6k | €34k | €18k | ▼ 47.5% |
| Taxes, remuneration and social security45 | €2k | €769 | €7k | €7k | €27 | ▼ 99.6% |
| Taxes450/3 | €2k | €769 | €7k | €7k | €27 | ▼ 99.6% |
| Other amounts payable47/48 | - | - | - | €78k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €286 | €646 | €11k | €79k | €25k | ▼ 68.6% |
| + Depreciation and write-downs630 | €6k | €7k | €5k | €3k | €4k | ▲ 26.2% |
| Operating cash flow (approximation) | €6k | €8k | €16k | €82k | €28k | ▼ 65.1% |
| Investment in fixed assets (approximation) | - | €-1k | €-1k | €-7k | €-12k | ▼ 65.1% |
| Change in cash | - | - | - | €67k | €-38k | ▼ 157% |
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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Liquidity times 5current ratio 11.19
Current ratio from 2.40 to 11.19; short-term debt falls from €119k to €18k.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €79k ▲612%
Operating result €98k, net result €79k, both a record.
06-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €286 ▼73.9%
Net result drops to €286, the lowest in the series; recovery starts the following year.
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Erpe-Mere · 1 establishment unit since 1989
Ground area
1,193 m²
Building footprint
188 m²
Volume, LiDAR
1,157 m³
Parcel 41006B0018/00B000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
WINCO NV
since 19892.044.818.396
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41006B0018/00B000 | Flanders | 1,193 m² | 1 · 188 m² | 8.4 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 29,787 companies in sector 41001 we hold annual accounts for 16,039. 12,108 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded05-06-1989
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41003General construction of other non-residential buildings
42110Construction of roads and motorways
43120Site preparation
43211General electrical installation work
43310Plastering work
Scores and ratios are computed by Checked and are not a credit decision.