WINDECO
ActiveThe computed 12-month bankruptcy probability of WINDECO is 3.0% (moderate). The 2023 annual accounts show negative equity (€-581k) and a net result of €-414k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 7% of 8329 sector peers (fiscal year 2023). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2023
Axes · tick = 2022
Profitability100=
Solvency62▲+18
Growth32=
Stability100
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 1.8 against 1.0 in 2022), but equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
-80%
Return on assets
-57%
Age of the figures
32 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
Equity is negative for financial year 2023: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2023Equity per financial year
20212223
2020 to 2023 · latest year -€581k
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 4 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline13-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 18-02-2025, 202 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
202 d late
2022
562 d late
2021
31 d late
2020
48 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Equity
€-581k▼ 248%
2022 · €-167k
2020: €801
2021: €88k
2022: €-167k
2020 → 2023
Total assets
€726k▲ 15.2%
2022 · €630k
2020: €55k
2021: €294k
2022: €630k
2020 → 2023
Net result
€-414k▼ 62.5%
2022 · €-255k
2020: €31k
2021: €87k
2022: €-255k
2020 → 2023
Working capital
€315k
2022 · €-511
2020: €801
2021: €81k
2022: €-511
2020 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2020202120222023Trend
Equity€801-€88k▲ 10,892%€-167k€-581k▼ 248%
Operating result€38k-€112k▲ 197%€-230k€-391k▼ 69.9%
Net result€31k-€87k▲ 186%€-255k€-414k▼ 62.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €391k in 2023 against €230k in 2022; the loss grows and 2023 is the lowest year so far.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €726k
Fixed assets
€16k▼ 29.8%
Current assets
€710k▲ 17.0%
Key figures and ratios
EBITDA
€-384k▼
2022 · €-225k
Cash flow
€-407k▼
2022 · €-250k
Solvency
-80.0%▼
2022 · -26.5%
Current ratio
1.80▲
2022 · 1.00
Quick ratio
1.27▲
2022 · 0.66
Debt / equity
-2.25▲
2022 · -4.78
ROE
71.3%▼
2022 · 152.8%
ROA
-57.0%▼
2022 · -40.4%
Interest coverage
-14.80▼
2022 · -8.99
Debt
€1.31M▲
2022 · €797k
Debt ≤ 1 year
€395k▼
2022 · €608k
Debt > 1 year
€912k▲
2022 · €189k
Staff costs
€124k▲
2022 · €122k
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€630k€726k▲
Fixed assets21/28€23k€16k▼
Tangible fixed assets22/27€22k€15k▼
Plant, machinery and equipment23€9k€6k▼
Furniture and vehicles24€13k€8k▼
Financial fixed assets28€2k€2k=
Current assets29/58€607k€710k▲
Stocks and contracts in progress3€209k€210k▲
Stocks30/36€209k€210k▲
Amounts receivable within one year40/41€377k€490k▲
Trade receivables40€367k€484k▲
Other amounts receivable41€10k€7k▼
Cash at bank and in hand54/58€22k€10k▼
Equity and liabilities
Total equity and liabilities10/49€630k€726k▲
Equity10/15€-167k€-581k▼
Contributions10/11€250€250=
Profit (loss) carried forward14€-167k€-581k▼
Amounts payable17/49€797k€1.31M▲
Amounts payable after more than one year17€189k€912k▲
Financial debts170/4€189k€912k▲
Amounts payable within one year42/48€608k€395k▼
Current portion of amounts payable after more than one year42€70k€51k▼
Financial debts43€98k€98k=
Credit institutions430/8€98k€98k=
Trade debts44€113k€111k▼
Suppliers440/4€113k€111k▼
Taxes, remuneration and social security45€30k€25k▼
Taxes450/3€25k€14k▼
Remuneration and social security454/9€5k€12k▲
Other amounts payable47/48€296k€110k▼
Accrued charges and deferred income492/3€62€49▼
Income statement
Code20222023
Non-recurring operating income76A€2k-
Remuneration, social security and pensions62€122k€124k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€7k▲
Other operating charges640/8€4k€2k▼
Gross operating margin9900€-99k€-257k▼
Operating profit (loss)9901€-230k€-391k▼
Financial income75/76B€60€2k▲
Recurring financial income75€60€2k▲
Financial charges65/66B€25k€26k▲
Recurring financial charges65€25k€26k▲
Profit (loss) for the period before taxes9903€-255k€-414k▼
Profit (loss) for the period9904€-255k€-414k▼
Profit (loss) for the period to be appropriated9905€-255k€-414k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-255k€-581k▼
Profit (loss) brought forward from the previous period14P-€-167k
Transfer from equity791/2€88k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 202 days late
12-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 562 days late
2023
31-12
Financial
Weakest financial yearnet €-414k
Net result drops to €-414k, the lowest in the series.
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2020net €87k ▲186%
Operating result €112k, net result €87k, both a record.
17-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 48 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2025
Paul Chartouni
CurrentDirector · since 01-04-2025
01-04-2025
Paul Chartouni: Appointed as Director
01-04-2025
Sam Chartouni: Resigned as Director
Location & real-estate footprint
Registered office, Hasselt · 1 establishment unit since 2020
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.
Runkstersteenweg 3433500 HasseltGround area
354 m²
Building footprint
89 m²
Volume, LiDAR
140 m³
Parcel 71325F0750/02W000, Flanders · tallest building 5.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
SC Management
since 20202.298.071.738
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71325F0750/02W000 | Flanders | 354 m² | 1 · 89 m² | 5.9 m · 1 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.
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Of 13,391 companies in sector 73300 we hold annual accounts for 6,881. 5,608 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-01-2020
Fiscal year end31-12
Activities, NACEBEL
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
43320Joinery installation
43350Other building finishing work
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:samchartouni@outlook.com