Windels Engineering and Projects
ActiveSummary
Windels Engineering and Projects has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €118,009 and a net result of €9,082. Equity is growing by ~14.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+2
Solvency98▼-2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 3.41 against 5.99 in 2024; short-term debt: 26.7% and cash: 48.2% of total assets), and 26.7% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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 · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 15-06-2026, 138 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
138 d early
2025
105 d early
2024
119 d early
2023
141 d early
2022
126 d early
2021
149 d early
2020
141 d early
← 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 131 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. Usually files around 27 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-03-2027 close31-10-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€118,009▼ 3.3%
2024 · €122,037
Total assets
€161,023▲ 10.9%
2024 · €145,220
Net result
€9,082▲ 50.4%
2024 · €6,037
Working capital
€103,577▼ 10.5%
2024 · €115,687
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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€24,152▲ 24.6%€56,359▲ 133%€24,477▼ 56.6%€9,300▼ 62.0%€13,415▲ 44.2%
Net result€17,958within the sector's middle half▲ 37.0%€40,994within the sector's middle half▲ 128%€17,643within the sector's middle half▼ 57.0%€6,037within the sector's middle half▼ 65.8%€9,082within the sector's middle half▲ 50.4%
Equity€80,671within the sector's middle half▲ 28.6%€115,301within the sector's middle half▲ 42.9%€129,020within the sector's middle half▲ 11.9%€122,037within the sector's middle half▼ 5.4%€118,009within the sector's middle half▼ 3.3%
Total assets€91,302within the sector's middle half▲ 2.2%€142,926within the sector's middle half▲ 56.5%€146,184within the sector's middle half▲ 2.3%€145,220within the sector's middle half▼ 0.7%€161,023within the sector's middle half▲ 10.9%
Debt€10,631▼ 60.0%€27,625▲ 160%€17,164▼ 37.9%€23,183▲ 35.1%€43,014▲ 85.5%
Working capital€81,516within the sector's middle half▲ 28.3%€115,358within the sector's middle half▲ 41.5%€125,553within the sector's middle half▲ 8.8%€115,687within the sector's middle half▼ 7.9%€103,577within the sector's middle half▼ 10.5%
Solvency88.4%above the sector's middle half▲ 18.1pp80.7%above the sector's middle half▼ 7.7pp88.3%above the sector's middle half▲ 7.6pp84.0%above the sector's middle half▼ 4.2pp73.3%within the sector's middle half▼ 10.7pp
Current ratio9.33above the sector's middle half▲ 5.875.31above the sector's middle half▼ 4.028.71above the sector's middle half▲ 3.405.99above the sector's middle half▼ 2.723.41within the sector's middle half▼ 2.58
Return on assets (ROA)19.7%within the sector's middle half▲ 5.0pp28.7%above the sector's middle half▲ 9.0pp12.1%within the sector's middle half▼ 16.6pp4.2%within the sector's middle half▼ 7.9pp5.6%within the sector's middle half▲ 1.5pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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 recovers in 2025; 2025 is 44% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €161,023
Fixed assets
€14,432 ▲ 127%
Current assets
€146,592 ▲ 5.6%
Equity and liabilities €161,023
Equity
€118,009 ▼ 3.3%
Debt
€43,014 ▲ 85.5%
Debt's share of the balance-sheet total rises from 16.0% to 26.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€16,213▲
2024 · €11,600
Cash flow
€11,880▲
2024 · €8,337
Debt to equity
0.36▲
2024 · 0.19
ROE
7.7%▲
2024 · 4.9%
Interest coverage
45.99▲
2024 · 42.82
Debt ≤ 1 year
€43,014▲
2024 · €23,183
Income taxes
€4,774▲
2024 · €3,844
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,696 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €343 | €1,736 | €2,300 | €2,797 | ▲ 21.6% |
| Other operating charges640/8 | - | €8,866 | €2,992 | €4,002 | €2,467 | ▼ 38.4% |
| Gross operating margin9900 | €30,348 | €65,568 | €29,204 | €15,602 | €18,680 | ▲ 19.7% |
| Operating profit (loss)9901 | €24,152 | €56,359 | €24,477 | €9,300 | €13,415 | ▲ 44.2% |
| Financial income75/76B | - | €1,260 | €1,073 | €852 | €793 | ▼ 6.9% |
| Recurring financial income75 | €949 | €1,260 | €1,073 | €852 | €793 | ▼ 6.9% |
| Financial charges65/66B | - | €355 | €271 | €271 | €353 | ▲ 30.1% |
| Recurring financial charges65 | €309 | €355 | €271 | €271 | €353 | ▲ 30.1% |
| Profit (loss) for the period before taxes9903 | €24,793 | €57,264 | €25,279 | €9,881 | €13,856 | ▲ 40.2% |
| Income taxes67/77 | €6,834 | €16,270 | €7,636 | €3,844 | €4,774 | ▲ 24.2% |
| Profit (loss) for the period9904 | €17,958 | €40,994 | €17,643 | €6,037 | €9,082 | ▲ 50.4% |
| Profit (loss) for the period to be appropriated9905 | €17,958 | €40,994 | €17,643 | €6,037 | €9,082 | ▲ 50.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €91,302 | €142,926 | €146,184 | €145,220 | €161,023 | ▲ 10.9% |
| Fixed assets21/28 | - | €788 | €4,347 | €6,350 | €14,432 | ▲ 127% |
| Tangible fixed assets22/27 | - | €788 | €4,347 | €6,350 | €14,432 | ▲ 127% |
| Furniture and vehicles24 | - | €788 | €4,347 | €6,350 | €4,537 | ▼ 28.6% |
| Other tangible fixed assets26 | - | - | - | - | €9,895 | - |
| Current assets29/58 | €91,302 | €142,138 | €141,837 | €138,870 | €146,592 | ▲ 5.6% |
| Amounts receivable after more than one year29 | - | €30,660 | €28,639 | €26,560 | €24,421 | ▼ 8.1% |
| Other amounts receivable291 | - | €30,660 | €28,639 | €26,560 | €24,421 | ▼ 8.1% |
| Amounts receivable within one year40/41 | €35,535 | €39,848 | €38,940 | €46,892 | €40,094 | ▼ 14.5% |
| Trade receivables40 | - | €37,885 | €34,284 | €38,656 | €37,728 | ▼ 2.4% |
| Other amounts receivable41 | - | €1,964 | €4,656 | €8,235 | €2,366 | ▼ 71.3% |
| Cash at bank and in hand54/58 | €23,143 | €71,269 | €73,869 | €64,390 | €77,599 | ▲ 20.5% |
| Deferred charges and accrued income490/1 | - | €361 | €388 | €1,028 | €4,478 | ▲ 335% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €91,302 | €142,926 | €146,184 | €145,220 | €161,023 | ▲ 10.9% |
| Equity10/15 | €80,671 | €115,301 | €129,020 | €122,037 | €118,009 | ▼ 3.3% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €74,471 | €109,101 | €122,820 | €115,837 | €111,809 | ▼ 3.5% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €0 | ▼ 100% |
| Distributable reserves133 | - | €107,241 | €120,960 | €113,977 | €111,809 | ▼ 1.9% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €10,631 | €27,625 | €17,164 | €23,183 | €43,014 | ▲ 85.5% |
| Amounts payable within one year42/48 | €9,786 | €26,780 | €16,284 | €23,183 | €43,014 | ▲ 85.5% |
| Trade debts44 | €406 | €4,036 | €3,620 | €500 | €15,329 | ▲ 2,967% |
| Suppliers440/4 | - | €4,036 | €3,620 | €500 | €15,329 | ▲ 2,967% |
| Taxes, remuneration and social security45 | - | €14,126 | €8,937 | €6,116 | €9,700 | ▲ 58.6% |
| Taxes450/3 | - | €14,126 | €8,937 | €6,116 | €9,700 | ▲ 58.6% |
| Other amounts payable47/48 | - | €8,618 | €3,728 | €16,568 | €17,986 | ▲ 8.6% |
| Accrued charges and deferred income492/3 | - | €845 | €880 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,958 | €40,994 | €17,643 | €6,037 | €9,082 | ▲ 50.4% |
| + Depreciation and write-downs630 | - | €343 | €1,736 | €2,300 | €2,797 | ▲ 21.6% |
| Operating cash flow (approximation) | €17,958 | €41,337 | €19,379 | €8,337 | €11,880 | ▲ 42.5% |
| Investment in fixed assets (approximation) | - | - | -€5,295 | -€4,303 | -€10,879 | ▼ 153% |
| Change in cash | - | €48,126 | €2,600 | -€9,479 | €13,209 | ▲ 239% |
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 2027, expected by
2026
15-06
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Weakest financial yearnet €6,037 ▼65.8%
Net result drops to €6,037, the lowest in the series; recovery starts the following year.
2023
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Highest result since 2019net €40,994 ▲128%
Operating result €56,359, net result €40,994, both a record.
31-03
Financial
Equity above €100,000Eq €115,301 ▲42.9%
4 profitable years in a row build equity to €115,301.
2021
04-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Liquidity triplescurrent ratio 9.33
Current ratio from 3.46 to 9.33; short-term debt falls from €25,792 to €9,786.
2020
12-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · 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, Gent · 1 establishment unit since 2011
Ground area
280 m²
Building footprint
93 m²
Volume, LiDAR
1,251 m³
Parcel 44815F3635/00B007, Flanders · tallest building 17.8 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Windels Engineering and Projects, afgekort WEP
since 20112.204.934.120
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44815F3635/00B007 | Flanders | 280 m² | 1 · 93 m² | 17.8 m · 5 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 495 EUR awarded · 495 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 495 EUR | 495 EUR |
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 40,865 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
Founded27-10-2011
Fiscal year end31-03
Abbreviation NL
WEP
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
Phone
0472 01 76 25Gent
E-invoicing
Reachable via Peppol
Peppol ID
0208:0840710480
Registered
07-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.