WINDEC
ActiveSummary
WINDEC is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show negative equity (-€129,365) and a net result of €2,298. Equity is shrinking by ~5.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 8074 sector peers (fiscal year 2025). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 8074 sector peers (2025).
NBB · sector comparisonPosition among 8074 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
78 d late
2023
27 d early
2022
34 d early
2021
299 d late
2020
496 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 124 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#5 oldest company in Avelgem, Finance and insurance sector
Equity
-€129,365▲ 1.7%
2024 · -€131,663
Net result
€2,298▼ 85.5%
2024 · €15,798
Total assets
€19,118▼ 25.3%
2024 · €25,594
Solvency
-676.7%▼ 162.2pp
2024 · -514.4%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€6,432▲ 37.3%-€3,309▲ 48.6%-€34,985▼ 957%€15,874€2,388▼ 85.0%
Net result-€6,536below the sector's middle half▲ 38.1%-€3,451below the sector's middle half▲ 47.2%-€35,186below the sector's middle half▼ 920%€15,798within the sector's middle half€2,298below the sector's middle half▼ 85.5%
Equity-€108,824below the sector's middle half▼ 6.4%-€112,275below the sector's middle half▼ 3.2%-€147,462below the sector's middle half▼ 31.3%-€131,663below the sector's middle half▲ 10.7%-€129,365below the sector's middle half▲ 1.7%
Total assets€29,391below the sector's middle half▲ 7.1%€28,331below the sector's middle half▼ 3.6%€10,699below the sector's middle half▼ 62.2%€25,594below the sector's middle half▲ 139%€19,118below the sector's middle half▼ 25.3%
Debt€138,216▲ 6.5%€140,606▲ 1.7%€158,160▲ 12.5%€157,257▼ 0.6%€148,483▼ 5.6%
Working capital€19,463▼ 16.5%€24,071▲ 23.7%€1,254▼ 94.8%€13,375▲ 967%€11,061▼ 17.3%
Solvency-370.3%below the sector's middle half▲ 2.6pp-396.3%below the sector's middle half▼ 26.0pp-1378.3%below the sector's middle half▼ 982.0pp-514.4%below the sector's middle half▲ 863.9pp-676.7%below the sector's middle half▼ 162.2pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 85% below 2024.
Key figures and ratios
ROA
12.0%▼
2024 · 61.7%
Debt ≤ 1 year
€8,057▼
2024 · €12,220
Debt > 1 year
€140,426▼
2024 · €145,038
Income taxes
€0▲
2024 · €0
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 | €0 | €0 | - | - | - | - |
| Other operating charges640/8 | €511 | €462 | €25,482 | €245 | €128 | ▼ 47.8% |
| Gross operating margin9900 | -€5,921 | -€2,847 | -€9,502 | €16,119 | €2,516 | ▼ 84.4% |
| Operating profit (loss)9901 | -€6,432 | -€3,309 | -€34,985 | €15,874 | €2,388 | ▼ 85.0% |
| Financial income75/76B | €0 | €0 | €2 | €0 | €0 | ▼ 36.4% |
| Recurring financial income75 | €0 | €0 | €2 | €0 | €0 | ▼ 36.4% |
| Financial charges65/66B | €104 | €142 | €203 | €76 | €90 | ▲ 18.4% |
| Recurring financial charges65 | €104 | €142 | €203 | €76 | €90 | ▲ 18.4% |
| Profit (loss) for the period before taxes9903 | -€6,536 | -€3,451 | -€35,186 | €15,798 | €2,298 | ▼ 85.5% |
| Income taxes67/77 | - | - | €0 | €0 | €0 | - |
| Profit (loss) for the period9904 | -€6,536 | -€3,451 | -€35,186 | €15,798 | €2,298 | ▼ 85.5% |
| Profit (loss) for the period to be appropriated9905 | -€6,536 | -€3,451 | -€35,186 | €15,798 | €2,298 | ▼ 85.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €29,391 | €28,331 | €10,699 | €25,594 | €19,118 | ▼ 25.3% |
| Fixed assets21/28 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €0 | - | - | - | - | - |
| Land and buildings22 | €0 | - | - | - | - | - |
| Plant, machinery and equipment23 | €0 | - | - | - | - | - |
| Current assets29/58 | €29,391 | €28,331 | €10,699 | €25,594 | €19,118 | ▼ 25.3% |
| Amounts receivable within one year40/41 | €26,465 | €25,282 | €59 | €0 | - | - |
| Trade receivables40 | €26,108 | €25,225 | €0 | - | - | - |
| Other amounts receivable41 | €357 | €57 | €59 | €0 | - | - |
| Cash at bank and in hand54/58 | €875 | €854 | €8,265 | €23,120 | €16,555 | ▼ 28.4% |
| Deferred charges and accrued income490/1 | €2,051 | €2,195 | €2,375 | €2,474 | €2,563 | ▲ 3.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €29,391 | €28,331 | €10,699 | €25,594 | €19,118 | ▼ 25.3% |
| Equity10/15 | -€108,824 | -€112,275 | -€147,462 | -€131,663 | -€129,365 | ▲ 1.7% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Reserves13 | €38,530 | €38,530 | €38,530 | €38,530 | €38,530 | = |
| Non-distributable reserves130/1 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Reserves not available under the articles1311 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Distributable reserves133 | €36,030 | €36,030 | €36,030 | €36,030 | €36,030 | = |
| Profit (loss) carried forward14 | -€172,355 | -€175,806 | -€210,992 | -€195,193 | -€192,895 | ▲ 1.2% |
| Amounts payable17/49 | €138,216 | €140,606 | €158,160 | €157,257 | €148,483 | ▼ 5.6% |
| Amounts payable after more than one year17 | €128,287 | €136,346 | €148,715 | €145,038 | €140,426 | ▼ 3.2% |
| Other amounts payable178/9 | €128,287 | €136,346 | €148,715 | €145,038 | €140,426 | ▼ 3.2% |
| Amounts payable within one year42/48 | €9,928 | €4,260 | €9,445 | €12,220 | €8,057 | ▼ 34.1% |
| Trade debts44 | €9,928 | €4,260 | €9,445 | €12,220 | €8,057 | ▼ 34.1% |
| Suppliers440/4 | €9,928 | €4,260 | €9,445 | €12,220 | €8,057 | ▼ 34.1% |
| Accrued charges and deferred income492/3 | €0 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,536 | -€3,451 | -€35,186 | €15,798 | €2,298 | ▼ 85.5% |
| + Depreciation and write-downs630 | €0 | €0 | - | - | - | - |
| Operating cash flow (approximation) | -€6,536 | -€3,451 | -€35,186 | €15,798 | €2,298 | ▼ 85.5% |
| Change in cash | - | -€21 | €7,411 | €14,855 | -€6,565 | ▼ 144% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
17-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 78 days late
2024
31-12
Financial
Back to profitnet €15,798
Net result €15,798 after 4 loss-making years.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€35,186
Net result drops to -€35,186, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
26-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 299 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 6.65
Current ratio from 2.96 to 6.65; short-term debt falls from €9,928 to €4,260.
09-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 496 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Back to profitnet €5,136
Net result €5,136 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 4.44
Current ratio from 1.84 to 4.44; short-term debt falls from €7,254 to €6,657.
Show earlier events
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Avelgem · 1 establishment unit since 2007
Ground area
371 m²
Building footprint
185 m²
Volume, LiDAR
1,060 m³
Parcel 34003A1259/00D000, Flanders · tallest building 12.3 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
WINDEC
since 20072.161.257.295
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34003A1259/00D000 | Flanders | 371 m² | 1 · 185 m² | 12.3 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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded01-03-2007
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0887610574
Also
9925:BE0887610574
Registered
06-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.