Equity
WINCONSTRUCT has made a profit in every financial year since 2017.
WINCONSTRUCT has made a profit in every financial year since 2017.
The accounts state no turnover.
Of this, €1.4m falls due within a year.
Green is investment, beige is depreciation.
The 2018 accounts came latest: 98 days after the end of the period.
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 41, micro). It does better than 26% of them on solvency, 71% on liquidity, 48% on profitability and 66% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
In July 2024, 4,508 companies had the same profile as WINCONSTRUCT has now. Each dot stands for 12 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of WINCONSTRUCT itself: 0.2% within 12 months.
The method was tested on the 497,447 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 4,508 companies, not a prediction for WINCONSTRUCT. 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.
Liquidity is tight, with a current ratio of 1.49 (1.31 in 2024), below the usual 1.5. Short-term debt is 64.8% and cash 41.9% of total assets. 81.2% of the assets are financed with debt and provisions.
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.
The company filed its last 7 accounts on average 32 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| WINCONSTRUCT Mouscron | €2.2m | €228,088 | 18.8% | 1.7 |
| ZAFIR TOTAAL PROJECTEN Antwerp | €1.8m | €245,551 | 25.4% | 2 |
| D&D Projectbouw Eeklo | €2.9m | €251,424 | 8.4% | 1.9 |
| KAIVERS.S Andenne | €1.7m | €231,016 | -3.5% | 2.1 |
| PLAN 21 Dilsen-Stokkem | €1.7m | €228,953 | 24.5% | 2 |
| ALPHA BOUWPROMOTIE Aalter | €2.2m | €336,806 | 45.5% | 1.2 |
| YOLO Brasschaat | €2.2m | €200,035 | 17.3% | 1 |
These companies have the same main activity as WINCONSTRUCT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €1.7m and €2.9m, founded between 2014 and 2016.
WINCONSTRUCT files the abbreviated format. That format states no turnover. The gross margin rose from €58,596 in 2017 to €228,088 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €800,000. Estimated: probably between €550,000 and €1.3m.
Higher than 27% of 2,815 companies in 2025.
Higher than 46% of 2,744 companies in 2025.
Higher than 48% of 2,780 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: top quarter · Working capital: top quarter · Staff: middle half
Staff costs divided by the average number of full-time equivalents.
In 2025, 4 people joined and 2 left.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||
20/58 |
2.2m | 1.5m | 1.1m | 922,345 | 552,484 | 322,451 | 211,808 | 142,206 | 165,469 | |
21/28 |
80,147 | 29,781 | 27,002 | 17,134 | 3,632 | 2,357 | 2,589 | 5,369 | 7,464 | |
22/27 |
77,647 | 29,281 | 26,502 | 16,634 | 3,132 | 1,857 | 2,089 | 5,369 | 7,464 | |
23 |
977 | 1,606 | 1,215 | 1,231 | 2,316 | 1,520 | 542 | 942 | 1,342 | |
24 |
18,354 | 27,675 | 25,287 | 15,403 | 816 | 337 | 1,546 | 4,427 | 6,122 | |
25 |
13,872 | - | - | - | - | - | - | - | - | |
26 |
44,443 | - | - | - | - | - | - | - | - | |
28 |
2,500 | 500 | 500 | 500 | 500 | 500 | 500 | - | - | |
29/58 |
2.1m | 1.5m | 1.1m | 905,211 | 548,852 | 320,094 | 209,220 | 136,837 | 158,004 | |
3 |
- | - | - | 0 | 37,535 | - | - | - | - | |
30/36 |
- | - | - | 0 | 37,535 | - | - | - | - | |
40/41 |
1.2m | 816,581 | 620,522 | 638,432 | 372,025 | 146,290 | 133,374 | 57,115 | 36,842 | |
40 |
879,210 | 531,320 | 316,574 | 336,177 | 162,519 | 79,669 | 109,677 | 54,030 | 28,841 | |
41 |
332,628 | 285,261 | 303,948 | 302,256 | 209,505 | 66,622 | 23,697 | 3,085 | 8,000 | |
54/58 |
931,911 | 670,226 | 434,732 | 266,779 | 139,240 | 173,804 | 75,846 | 79,721 | 121,162 | |
490/1 |
1,924 | 117 | 59 | 0 | 52 | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||
10/49 |
2.2m | 1.5m | 1.1m | 922,345 | 552,484 | 322,451 | 211,808 | 142,206 | 165,469 | |
10/15 |
418,370 | 342,418 | 276,772 | 271,767 | 205,345 | 160,620 | 67,871 | 36,737 | 24,100 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | |
130 |
- | - | - | - | - | - | - | 1,860 | - | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | |
133 |
- | - | - | - | - | - | 1,860 | - | 1,860 | |
14 |
410,310 | 334,358 | 268,712 | 263,707 | 197,285 | 152,560 | 59,811 | 28,677 | 16,040 | |
17/49 |
1.8m | 1.2m | 805,542 | 650,579 | 347,139 | 161,831 | 143,937 | 105,469 | 141,369 | |
17 |
89,642 | 37,126 | 103,087 | 6,797 | - | - | 3,907 | 11,613 | 18,554 | |
170/4 |
89,642 | 37,126 | 103,087 | 6,797 | - | - | 3,907 | 11,613 | 18,554 | |
42/48 |
1.4m | 1.1m | 702,455 | 613,782 | 347,139 | 161,831 | 139,400 | 93,855 | 122,815 | |
42 |
33,055 | 29,724 | 26,532 | 28,203 | 85,620 | 29,711 | 7,706 | 7,565 | 8,066 | |
43 |
- | - | - | - | - | - | - | - | 18 | |
430/8 |
- | - | - | - | - | - | - | - | 18 | |
44 |
828,133 | 599,946 | 407,168 | 418,310 | 246,696 | 110,371 | 97,939 | 44,416 | 54,928 | |
440/4 |
828,133 | 599,946 | 407,168 | 418,310 | 246,696 | 110,371 | 97,939 | 44,416 | 54,928 | |
46 |
538,174 | 484,058 | 179,550 | 157,937 | 5,389 | - | - | - | - | |
45 |
39,128 | 22,503 | 47,476 | 9,332 | 9,435 | 15,867 | 15,406 | 9,957 | 6,380 | |
450/3 |
30,061 | 22,503 | 47,476 | 9,332 | 9,435 | 15,867 | 15,406 | 9,957 | 6,380 | |
454/9 |
9,067 | - | - | - | - | - | - | - | - | |
47/48 |
4,058 | 929 | 41,729 | - | - | 5,882 | 18,348 | 31,917 | 53,423 | |
492/3 |
275,259 | - | 0 | 30,000 | - | - | 630 | - | - | |
| Income statement | ||||||||||
76A |
- | 0 | 207 | - | - | 300 | - | - | - | |
9900 |
228,088 | 145,998 | 88,349 | 105,140 | 60,515 | 133,867 | 45,397 | 30,048 | 58,596 | |
62 |
59,261 | 829 | - | - | - | - | - | - | - | |
630 |
20,842 | 8,741 | 7,305 | 2,907 | 1,604 | 1,832 | 3,281 | 3,442 | 6,144 | |
631/4 |
19,268 | 27,138 | 0 | 4,237 | -2,509 | - | - | 5,049 | - | |
640/8 |
5,274 | 5,078 | 3,019 | 6,601 | 3,676 | 6,446 | 2,361 | 3,646 | 1,822 | |
9901 |
123,443 | 104,211 | 78,025 | 91,396 | 57,743 | 125,589 | 39,756 | 17,910 | 50,631 | |
75/76B |
21 | 1,575 | 1,707 | 2,000 | 2,115 | 258 | 1,198 | 1 | - | |
75 |
21 | 1,575 | 1,707 | 2,000 | 2,115 | 258 | 1,198 | 1 | - | |
65/66B |
9,039 | 9,668 | 3,770 | 1,810 | 3,309 | 1,082 | 1,820 | 1,715 | 6,599 | |
65 |
9,039 | 9,668 | 3,770 | 1,810 | 3,309 | 1,082 | 1,820 | 1,715 | 6,259 | |
66B |
- | - | - | - | - | - | - | - | 340 | |
9903 |
114,425 | 96,118 | 75,962 | 91,585 | 56,549 | 124,764 | 39,134 | 16,196 | 44,032 | |
67/77 |
38,473 | 30,472 | 22,956 | 25,164 | 11,824 | 32,015 | 8,000 | 3,559 | 6,132 | |
9904 |
75,952 | 65,646 | 53,006 | 66,421 | 44,725 | 92,749 | 31,134 | 12,637 | 37,900 | |
9905 |
75,952 | 65,646 | 53,006 | 66,421 | 44,725 | 92,749 | 31,134 | 12,637 | 37,900 | |
| Appropriation of the result | ||||||||||
9906 |
410,310 | 334,358 | 316,712 | 263,707 | 197,285 | 152,560 | 59,811 | 28,677 | 37,900 | |
14P |
334,358 | 268,712 | 263,707 | 197,285 | 152,560 | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | - | - | 1,860 | |
694/7 |
- | 0 | 48,000 | - | - | - | - | - | 20,000 | |
694 |
- | 0 | 48,000 | - | - | - | - | - | - | |
695 |
- | - | - | - | - | - | - | - | 20,000 | |
| Social balance sheet | ||||||||||
9087 |
1.7 | 0 | - | - | - | - | - | - | - | |
Hours worked1013 |
2,196 | - | - | - | - | - | - | - | - | |
| Document | ||||||||||
The notes to these accounts have 20 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 18-08-2026.
2025 annual accounts filed 18 days after the deadline. Filed on 18 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00407964.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 18-08-2026 | 2026-00407964 | |
| 31-12-2024 | full format | 20-08-2025 | 2025-00406426 | |
| 31-12-2023 | micro format | 10-07-2024 | 2024-00244881 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00397392 | |
| 31-12-2021 | micro format | 29-09-2022 | 2022-20446639 | |
| 31-12-2020 | micro format | 26-08-2021 | 2021-56400167 | |
| 31-12-2019 | micro format | 30-10-2020 | 2020-66600197 | |
| 31-12-2018 | micro format | 06-11-2019 | 2019-73200552 | |
| 31-12-2017 | micro format | 03-10-2018 | 2018-68200142 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| 144,285 | 112,952 | 85,330 | 94,303 | 59,348 | 127,420 | 43,037 | 21,353 | 56,774 | ||
| 96,794 | 74,387 | 60,311 | 69,329 | 46,329 | 94,581 | 34,415 | 16,079 | 44,044 | ||
| 71,208 | 11,521 | 17,173 | 16,409 | 2,880 | 1,600 | 500 | 1,347 | 13,608 | ||
| 261,686 | 235,494 | 167,953 | 127,538 | -34,563 | 97,958 | -3,875 | -41,441 | - | ||
| 703,125 | 349,763 | 352,858 | 291,429 | 201,713 | 158,263 | 69,820 | 42,981 | 35,189 | ||
| 18.8% | 22.6% | 25.6% | 29.5% | 37.2% | 49.8% | 32.0% | 25.8% | 14.6% | ||
| 1.49 | 1.31 | 1.50 | 1.47 | 1.58 | 1.98 | 1.50 | 1.46 | 1.29 | ||
| 1.49 | 1.31 | 1.50 | 1.47 | 1.47 | 1.98 | 1.50 | 1.46 | 1.29 | ||
| 4.32 | 3.43 | 2.91 | 2.39 | 1.69 | 1.01 | 2.12 | 2.87 | 5.87 | ||
| 18.2% | 19.2% | 19.2% | 24.4% | 21.8% | 57.7% | 45.9% | 34.4% | 157.3% | ||
| 3.4% | 4.3% | 4.9% | 7.2% | 8.1% | 28.8% | 14.7% | 8.9% | 22.9% | ||
| 15.96 | 11.68 | 22.64 | 52.11 | 17.93 | - | - | - | - |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 |
|---|---|
| Employees at the balance-sheet date | 2 |
| full-time | 2 |
| part-time | 0 |
| in full-time equivalents | 2 |
| 1.7 | |
| On a permanent contract | 1 |
| Joined | 4 |
| Left | 2 |
Source: social balance sheet in the 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €69,208 | €11,521 | €17,173 | €16,409 | €2,880 |
| Financial fixed assets | €2,000 | - | - | - | - |
| €20,842 | €8,741 | €7,305 | €2,907 | €1,604 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 18% higher than in 2024 and the highest since 2020. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total rises from 77.4% to 81.2%. Equity and debt are higher.
WINCONSTRUCT has no parent and no holdings in its annual accounts. WINCONSTRUCT shares no director with another company.
| SHAYNINVEST
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| LOUNA INVEST
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| ASE Mouscron
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0.9 FTE (2025) 0653.845.524 |
| FC CONSTRUCT
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| CAT RENOVATION
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| CATPARTNERS
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total assets €133,770 (2024) 0628.586.130 |
| L.E.F FIT
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| AERO-TRANSPORT
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total assets €55,485 (2025) 0474.142.235 |
| DESTINATION BEAUTE
registered office since 23-01-2024 · founded in 2024 |
total assets €45,104 (2025) 1005.090.145 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Industriëlaan 84 registered office 7700 Mouscron 43211 General electrical installation work | 09-05-2016 | 2.345.212.253 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 54007B0412/00N000 | 2,422 m² | 1 · 1,224 m² | 6.7 m · 2 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0653.849.977
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