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WINDI

Active
Private limited companyfounded 1998active for 28 yearsRue du Résidal 59, 1390 Grez-Doiceau, BelgiumKBO/BCE: BE 0464.110.554
Summary

WINDI has been active since 1998 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €36,198 and a net result of €24,589. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 54% of 37,591 sector peers (NACE 70, financial year 2024). The computed 12-month bankruptcy probability is 0.5% (low).

Financials · financial year 2024, micro format

2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 22 October 2026.

Turnover
€73,070▲ 150%
2022 · €29,193
EBIT margin
44.9%▲ 30.6pp
2022 · 14.3%
Net result
€24,589▲ 322%
2023 · €5,823
Working capital
€5,900▼ 92.3%
2023 · €76,638
Trend over the years

2020 to 2024, 5 financial years 2018 to 2024, 7 financial years

After the dip in 2022 the operating result has climbed two years in a row; 2024 is 383% above 2023 and is the highest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Turnover€73,070 2024 Operating result€32,820 2024 Net result€24,589 2024

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line2018201920202021202220232024
Turnover€52,119-€109,018▲ 109%€35,083▼ 67.8%€29,193€73,070
Operating result-€39,952-€30,838-€27,960€29,414€4,170▼ 85.8%€6,800▲ 63.1%€32,820▲ 383%
Net result-€40,319-€30,760-€3,686below the sector's middle half€19,066within the sector's middle half€5,175within the sector's middle half▼ 72.9%€5,823within the sector's middle half▲ 12.5%€24,589within the sector's middle half▲ 322%
EBIT margin-76.7%-28.3%▲ 104.9pp-79.7%▼ 108.0pp14.3%44.9%
Equity-€45,528--€14,768▲ 67.6%-€18,454below the sector's middle half▼ 25.0%€611below the sector's middle half€5,786below the sector's middle half▲ 846%€11,610below the sector's middle half▲ 101%€36,198within the sector's middle half▲ 212%
Total assets€809,097-€746,959▼ 7.7%€417,649within the sector's middle half▼ 44.1%€104,761below the sector's middle half▼ 74.9%€113,775within the sector's middle half▲ 8.6%€117,486within the sector's middle half▲ 3.3%€58,130below the sector's middle half▼ 50.5%
Debt€854,625-€761,727▼ 10.9%€436,103▼ 42.7%€104,149▼ 76.1%€107,989▲ 3.7%€105,877▼ 2.0%€21,932▼ 79.3%
Working capital-€736,208--€660,214▲ 10.3%-€290,458below the sector's middle half▲ 56.0%€71,411within the sector's middle half€68,538within the sector's middle half▼ 4.0%€76,638within the sector's middle half▲ 11.8%€5,900within the sector's middle half▼ 92.3%
Solvency-5.6%--2.0%▲ 3.6pp-4.4%below the sector's middle half▼ 2.4pp0.6%below the sector's middle half▲ 5.0pp5.1%below the sector's middle half▲ 4.5pp9.9%below the sector's middle half▲ 4.8pp62.3%within the sector's middle half▲ 52.4pp
Current ratio0.04-0.02▼ 0.020.16below the sector's middle half▲ 0.148.39above the sector's middle half▲ 8.236.08above the sector's middle half▼ 2.317.73above the sector's middle half▲ 1.651.27within the sector's middle half▼ 6.46
Return on assets (ROA)-5.0%-4.1%▲ 9.1pp-0.9%below the sector's middle half▼ 5.0pp18.2%above the sector's middle half▲ 19.1pp4.5%within the sector's middle half▼ 13.7pp5.0%within the sector's middle half▲ 0.4pp42.3%above the sector's middle half▲ 37.3pp
above within below the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €58,130
Fixed assets €30,298 ▲ 2.9%
Current assets €27,832 ▼ 68.4%
Equity and liabilities €58,130
Equity €36,198 ▲ 212%
Debt €21,932 ▼ 79.3%
Debt's share of the balance-sheet total falls from 90.1% to 37.7%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€34,908▲
2023 · €9,555
Cash flow
€26,677▲
2023 · €8,578
Debt to equity
0.61▼
2023 · 9.12
ROE
67.9%▲
2023 · 50.2%
Interest coverage
over 100▲
2023 · 93.02
Debt ≤ 1 year
€21,932▲
2023 · €11,392
Income taxes
€9,830▲
2023 · €2,472
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 31,372 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93.5% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.5% went bankrupt
5.9% stopped otherwise
93.5% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.8%
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 74.5% 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 31,372 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 38 lines
Balance sheet Code20232024
Assets
Total assets20/58€117,486€58,130▼
Fixed assets21/28€29,456€30,298▲
Tangible fixed assets22/27€29,456€30,298▲
Plant, machinery and equipment23€25,000€25,000=
Furniture and vehicles24€4,456€5,298▲
Current assets29/58€88,030€27,832▼
Amounts receivable after more than one year29€81,365€9,856▼
Trade receivables290€81,365€9,856▼
Amounts receivable within one year40/41€1,256-
Trade receivables40€1,256-
Cash at bank and in hand54/58€5,410€17,976▲
Equity and liabilities
Total equity and liabilities10/49€117,486€58,130▼
Equity10/15€11,610€36,198▲
Contributions10/11€18,592€18,592=
Profit (loss) carried forward14-€6,982€17,606▲
Amounts payable17/49€105,877€21,932▼
Amounts payable within one year42/48€11,392€21,932▲
Trade debts44€5,015€11,583▲
Suppliers440/4€5,015€11,583▲
Taxes, remuneration and social security45€6,377€10,349▲
Taxes450/3€6,377€10,349▲
Accrued charges and deferred income492/3€94,484-
Income statement Code20232024
Turnover70-€73,070
Goods, raw materials, services and sundry goods60/61-€35,808
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,755€2,088▼
Other operating charges640/8€1,318€2,354▲
Gross operating margin9900€10,873€37,262▲
Operating profit (loss)9901€6,800€32,820▲
Financial income75/76B€1,599€1,726▲
Recurring financial income75€1,599€1,726▲
Financial charges65/66B€103€127▲
Recurring financial charges65€103€127▲
Profit (loss) for the period before taxes9903€8,296€34,419▲
Income taxes67/77€2,472€9,830▲
Profit (loss) for the period9904€5,823€24,589▲
Profit (loss) for the period to be appropriated9905€5,823€24,589▲
Appropriation of the result
Profit (loss) to be appropriated9906-€6,982€17,606▲
Profit (loss) brought forward from the previous period14P-€12,806-€6,983▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2018201920202021202220232024Change
Turnover70€52,119€109,018€35,083-€29,193-€73,070-
Non-recurring operating income76A---€35,477----
Goods, raw materials, services and sundry goods60/61----€28,948-€35,808-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€45,662€45,233€20,205€5,408€4,376€2,755€2,088▼ 24.2%
Other operating charges640/8---€4,617€273€1,318€2,354▲ 78.6%
Non-recurring operating charges66A----€8,000---
Gross operating margin9900€10,866€80,726€96€39,439€16,818€10,873€37,262▲ 243%
Operating profit (loss)9901-€39,952€30,838-€27,960€29,414€4,170€6,800€32,820▲ 383%
Financial income75/76B---€1,457€3,664€1,599€1,726▲ 8.0%
Recurring financial income75---€1,457€3,664€1,599€1,726▲ 8.0%
Financial charges65/66B---€6,631€90€103€127▲ 23.6%
Recurring financial charges65€76€78€236€6,631€90€103€127▲ 23.6%
Profit (loss) for the period before taxes9903-€40,028€30,760-€3,686€24,240€7,744€8,296€34,419▲ 315%
Income taxes67/77€291--€5,174€2,570€2,472€9,830▲ 298%
Profit (loss) for the period9904-€40,319€30,760-€3,686€19,066€5,175€5,823€24,589▲ 322%
Profit (loss) for the period to be appropriated9905-€40,319€30,760-€3,686€19,066€5,175€5,823€24,589▲ 322%
Line2018201920202021202220232024Change
Assets
Total assets20/58€809,097€746,959€417,649€104,761€113,775€117,486€58,130▼ 50.5%
Fixed assets21/28€781,565€736,331€362,889€23,685€31,733€29,456€30,298▲ 2.9%
Tangible fixed assets22/27€781,565€736,331€362,889€23,685€31,733€29,456€30,298▲ 2.9%
Plant, machinery and equipment23---€16,577€25,151€25,000€25,000=
Furniture and vehicles24---€7,108€6,583€4,456€5,298▲ 18.9%
Current assets29/58€27,532€10,628€54,760€81,076€82,042€88,030€27,832▼ 68.4%
Amounts receivable after more than one year29-----€81,365€9,856▼ 87.9%
Trade receivables290-----€81,365€9,856▼ 87.9%
Amounts receivable within one year40/41€27,525€8,212€53,801€80,731€74,765€1,256--
Trade receivables40---€28,258€9,759€1,256--
Other amounts receivable41---€52,473€65,006---
Cash at bank and in hand54/58€7€2,416€622€7€6,940€5,410€17,976▲ 232%
Deferred charges and accrued income490/1---€337€337---
Equity and liabilities
Total equity and liabilities10/49€809,097€746,959€417,649€104,761€113,775€117,486€58,130▼ 50.5%
Equity10/15-€45,528-€14,768-€18,454€611€5,786€11,610€36,198▲ 212%
Contributions10/11€18,592€18,592€18,592€18,592€18,592€18,592€18,592=
Profit (loss) carried forward14-€64,120-€33,360-€37,046-€17,981-€12,806-€6,982€17,606-
Amounts payable17/49€854,625€761,727€436,103€104,149€107,989€105,877€21,932▼ 79.3%
Amounts payable within one year42/48€763,740€670,842€345,218€9,665€13,504€11,392€21,932▲ 92.5%
Financial debts43---€340----
Credit institutions430/8---€340----
Trade debts44€3,018€2,018€6,004€4,150€5,761€5,015€11,583▲ 131%
Suppliers440/4---€4,150€5,761€5,015€11,583▲ 131%
Taxes, remuneration and social security45---€5,174€7,744€6,377€10,349▲ 62.3%
Taxes450/3---€5,174€7,744€6,377€10,349▲ 62.3%
Accrued charges and deferred income492/3---€94,484€94,484€94,484--
Line2018201920202021202220232024Change
Profit (loss) for the period9904-€40,319€30,760-€3,686€19,066€5,175€5,823€24,589▲ 322%
+ Depreciation and write-downs630€45,662€45,233€20,205€5,408€4,376€2,755€2,088▼ 24.2%
Operating cash flow (approximation)€5,343€75,993€16,519€24,474€9,551€8,578€26,677▲ 211%
Investment in fixed assets (approximation)-€1€353,237€333,796-€12,424-€478-€2,930▼ 514%
Change in cash-€2,409-€1,794-€615€6,932-€1,530€12,566-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 26 filings with the National Bank
Financial year Type Filed Reference
31-12-2024 micro format 04-01-2026 2026-00003565
31-12-2023 micro format 04-01-2026 2026-00003598
31-12-2022 micro format 08-06-2024 2024-00122934
31-12-2021 full format 14-06-2023 2023-00144539
31-12-2020 full format 18-02-2022 2022-05900070
31-12-2019 full format 04-03-2021 2021-07200052
31-12-2018 full format 03-03-2020 2020-06400523
31-12-2017 full format 14-11-2018 2018-72100321
31-12-2016 full format 15-11-2017 2017-69700055
31-12-2015 full format 06-10-2016 2016-64700269

Show all 26 filings

Similar companies · same sector, comparable size

Of the 82,397 active companies whose main activity is business and other management consultancy (NACE 70200), figures are known for 53,899. 37,069 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.