WINCOM
ActiveSummary
WINCOM has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €352k and a net result of €-66k. Equity is growing by ~10.8% per year across the filed fiscal years. Its solvency ranks better than 63% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability8▼-28
Solvency72▼-19
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity tight (current ratio 1.25 against 1.92 in 2024; short-term debt: 27.4% and cash: 0% of total assets), and 52.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
Real estate activities (NACE 68)
about 43% fewer 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
91 d late
2023
62 d late
2022
30 d late
2021
44 d late
2020
61 d late
2019
32 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-66k▼ 93.2%
2024 · €-34k
2018: €61k
2019: €50k▼ -17.6% vs 2018
2020: €3k▼ -94.7% vs 2019
2021: €61k▲ +2229% vs 2020
2022: €87k▲ +41.8% vs 2021highest in 8 years
2023: €27k▼ -68.6% vs 2022
2024: €-34k▼ -226% vs 2023
2025: €-66k▼ -93.2% vs 2024lowest in 8 years
2018 → 2025
Working capital
€50k▲ 18.3%
2024 · €43k
2018: €-102klowest in 8 years
2019: €-74k▲ +27.1% vs 2018
2020: €-94k▼ -26.7% vs 2019
2021: €-38k▲ +60.0% vs 2020
2022: €32k▲ +186% vs 2021
2023: €65k▲ +101% vs 2022highest in 8 years
2024: €43k▼ -34.7% vs 2023
2025: €50k▲ +18.3% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€339k-€425k▲ 25.6%€452k▲ 6.4%€418k▼ 7.6%€352k▼ 15.8%
2021: €339klowest in 5 years
2022: €425k▲ +25.6% vs 2021
2023: €452k▲ +6.4% vs 2022highest in 5 years
2024: €418k▼ -7.6% vs 2023
2025: €352k▼ -15.8% vs 2024
Operating result€109k-€144k▲ 31.9%€54k▼ 62.5%€-22k€-56k▼ 154%
2021: €109k
2022: €144k▲ +31.9% vs 2021highest in 5 years
2023: €54k▼ -62.5% vs 2022
2024: €-22k▼ -141% vs 2023
2025: €-56k▼ -154% vs 2024lowest in 5 years
Net result€61k-€87k▲ 41.8%€27k▼ 68.6%€-34k€-66k▼ 93.2%
2021: €61k
2022: €87k▲ +41.8% vs 2021highest in 5 years
2023: €27k▼ -68.6% vs 2022
2024: €-34k▼ -226% vs 2023
2025: €-66k▼ -93.2% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €56k in 2025 against €22k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €747k
Fixed assets
€492k ▼ 10.4%
Current assets
€255k ▲ 187%
Equity and liabilities €747k
Equity
€352k ▼ 15.8%
Debt
€395k ▲ 79.8%
Debt's share of the balance-sheet total rises from 34.5% to 52.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€812▼
2024 · €35k
Cash flow
€-9k▼
2024 · €23k
Current ratio
1.25▼
2024 · 1.92
Debt to equity
1.12▲
2024 · 0.53
ROE
-18.8%▼
2024 · -8.2%
ROA
-8.9%▼
2024 · -5.4%
Interest coverage
0.08▼
2024 · 2.82
Debt ≤ 1 year
€205k▲
2024 · €46k
Debt > 1 year
€190k▲
2024 · €173k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€638k€747k▲
Fixed assets21/28€549k€492k▼
Tangible fixed assets22/27€549k€492k▼
Land and buildings22€534k€482k▼
Plant, machinery and equipment23€2k€435▼
Furniture and vehicles24€13k€9k▼
Financial fixed assets28€500-
Current assets29/58€89k€255k▲
Amounts receivable within one year40/41€86k€255k▲
Other amounts receivable41€86k€255k▲
Cash at bank and in hand54/58€2k€56▼
Deferred charges and accrued income490/1€711€766▲
Equity and liabilities
Total equity and liabilities10/49€638k€747k▲
Equity10/15€418k€352k▼
Contributions10/11€19k€19k=
Reserves13€433k€433k=
Distributable reserves133€433k€433k=
Profit (loss) carried forward14€-33k€-100k▼
Amounts payable17/49€220k€395k▲
Amounts payable after more than one year17€173k€190k▲
Financial debts170/4€173k€190k▲
Amounts payable within one year42/48€46k€205k▲
Current portion of amounts payable after more than one year42€45k€48k▲
Trade debts44€908€8k▲
Suppliers440/4€908€8k▲
Other amounts payable47/48-€150k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€57k€57k▼
Other operating charges640/8€2k€5k▲
Gross operating margin9900€37k€6k▼
Operating profit (loss)9901€-22k€-56k▼
Financial income75/76B€193-
Recurring financial income75€193-
Financial charges65/66B€12k€10k▼
Recurring financial charges65€12k€10k▼
Profit (loss) for the period before taxes9903€-34k€-66k▼
Profit (loss) for the period9904€-34k€-66k▼
Profit (loss) for the period to be appropriated9905€-34k€-66k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-33k€-100k▼
Profit (loss) brought forward from the previous period14P€808€-33k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €56k | €57k | €58k | €57k | €57k | ▼ 0.7% |
| Other operating charges640/8 | €4k | €4k | €2k | €2k | €5k | ▲ 124% |
| Gross operating margin9900 | €169k | €205k | €114k | €37k | €6k | ▼ 84.2% |
| Operating profit (loss)9901 | €109k | €144k | €54k | €-22k | €-56k | ▼ 154% |
| Financial income75/76B | - | €0 | - | €193 | - | - |
| Recurring financial income75 | - | €0 | - | €193 | - | - |
| Financial charges65/66B | €19k | €17k | €15k | €12k | €10k | ▼ 17.2% |
| Recurring financial charges65 | €19k | €17k | €15k | €12k | €10k | ▼ 17.2% |
| Profit (loss) for the period before taxes9903 | €91k | €127k | €39k | €-34k | €-66k | ▼ 93.2% |
| Income taxes67/77 | €30k | €41k | €12k | - | - | - |
| Profit (loss) for the period9904 | €61k | €87k | €27k | €-34k | €-66k | ▼ 93.2% |
| Profit (loss) for the period to be appropriated9905 | €61k | €87k | €27k | €-34k | €-66k | ▼ 93.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €743k | €793k | €728k | €638k | €747k | ▲ 17.1% |
| Fixed assets21/28 | €697k | €655k | €606k | €549k | €492k | ▼ 10.4% |
| Tangible fixed assets22/27 | €697k | €654k | €606k | €549k | €492k | ▼ 10.3% |
| Land and buildings22 | €675k | €623k | €585k | €534k | €482k | ▼ 9.6% |
| Plant, machinery and equipment23 | €7k | €6k | €4k | €2k | €435 | ▼ 80.0% |
| Furniture and vehicles24 | €14k | €25k | €16k | €13k | €9k | ▼ 27.4% |
| Financial fixed assets28 | €500 | €500 | €500 | €500 | - | - |
| Current assets29/58 | €46k | €138k | €122k | €89k | €255k | ▲ 187% |
| Amounts receivable within one year40/41 | €29k | €14k | €49k | €86k | €255k | ▲ 196% |
| Trade receivables40 | €29k | €13k | €28k | - | - | - |
| Other amounts receivable41 | €211 | €1k | €22k | €86k | €255k | ▲ 196% |
| Cash at bank and in hand54/58 | €15k | €123k | €73k | €2k | €56 | ▼ 97.5% |
| Deferred charges and accrued income490/1 | €2k | €154 | - | €711 | €766 | ▲ 7.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €743k | €793k | €728k | €638k | €747k | ▲ 17.1% |
| Equity10/15 | €339k | €425k | €452k | €418k | €352k | ▼ 15.8% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €319k | €406k | €433k | €433k | €433k | = |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €318k | €404k | €433k | €433k | €433k | = |
| Profit (loss) carried forward14 | €731 | €808 | €808 | €-33k | €-100k | ▼ 198% |
| Amounts payable17/49 | €404k | €367k | €275k | €220k | €395k | ▲ 79.8% |
| Amounts payable after more than one year17 | €321k | €262k | €219k | €173k | €190k | ▲ 9.7% |
| Financial debts170/4 | €321k | €262k | €219k | €173k | €190k | ▲ 9.7% |
| Amounts payable within one year42/48 | €84k | €105k | €57k | €46k | €205k | ▲ 342% |
| Current portion of amounts payable after more than one year42 | €52k | €59k | €53k | €45k | €48k | ▲ 5.1% |
| Trade debts44 | €8k | €5k | €4k | €908 | €8k | ▲ 731% |
| Suppliers440/4 | €8k | €5k | €4k | €908 | €8k | ▲ 731% |
| Taxes, remuneration and social security45 | €16k | €40k | - | - | - | - |
| Taxes450/3 | €16k | €40k | - | - | - | - |
| Other amounts payable47/48 | €8k | €2k | - | - | €150k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €61k | €87k | €27k | €-34k | €-66k | ▼ 93.2% |
| + Depreciation and write-downs630 | €56k | €57k | €58k | €57k | €57k | ▼ 0.7% |
| Operating cash flow (approximation) | €117k | €143k | €85k | €23k | €-9k | ▼ 141% |
| Investment in fixed assets (approximation) | - | €-14k | €-9k | €0 | €500 | - |
| Change in cash | - | €108k | €-51k | €-70k | €-2k | ▲ 96.9% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-66k
Net result drops to €-66k, the lowest in the series.
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema · 91 days late
2024
01-10
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema · 62 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Highest result since 2018net €87k ▲41.8%
Operating result €144k, net result €87k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.31
Current ratio from 0.55 to 1.31.
13-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 44 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 32 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
03-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 34 days late
2017
03-07
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, Kelmis · 1 establishment unit since 2007
Ground area
524 m²
Building footprint
156 m²
Volume, LiDAR
1,081 m³
2 parcels, Wallonia · tallest building 13.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
WINCOM
since 20072.163.923.807
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63040A0358/00A000 | Wallonia | 300 m² | 1 · 58 m² | 13.6 m · 3 fl. |
| 63040A0168/00A000 | Wallonia | 224 m² | 1 · 97 m² | 6.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,136 companies in sector 68201 we hold annual accounts for 6,765. 5,020 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
Founded09-07-2007
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.