WINDMILL STUDIOS · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of WINDMILL STUDIOS is 0.6% (low). The 2024 annual accounts show equity of €35k and a net result of €47k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 22% of 7336 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Signals

2 signals · with evidence

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 7336 sector peers (2024).

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2023 and 2024).

View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Trust signals

3 signals

More than 3 years active

Founded in 2021, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.

Administratively compliant

No FOD Economie strikeouts (UBO, accounts, address, activity).

Administrative Flags

0 events

No administrative flags

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.6% Low

0%0,5%1,5%4%10%≥25%

Lower-failure-rate sector −Young company +Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€47k-7.8%

Working capital€5k-93.9%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 18-05-2025 with the NBB · fiscal year 2024 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Net result: growth of ~9.1%/year over 4 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 62, Computer programming & consultancy · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	32.4%	65.0%	better than 22% of 7336 sector peers
Net result	€47k	€32k	better than 66% of 7333 sector peers
Equity	€35k	€58k	better than 34% of 7338 sector peers
Gross operating margin	€75k	€52k	better than 69% of 7327 sector peers
Total assets	€108k	€103k	better than 52% of 7339 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P22

Stable position over 2021-2024 · n=1733-7336

Net result P66

Stable position over 2021-2024 · n=1728-7333

Equity P34

Improving position over 2021-2024 · n=1733-7338

Gross operating margin P69

Improving position over 2021-2024 · n=1726-7327

Describes the position versus peers, not a forecast.

EBITDA

€74k

+2.5% far above sector median

Net profit

€47k

-7.8% far above sector median

Cash flow

€61k

+4.4% far above sector median

Total assets

€108k

-43.3% +5% vs sector

Equity

€35k

-70.3% -56% vs sector

Working capital

€5k

-93.9% -88% vs sector

Income taxes

€13k

-4.9% +276% vs sector

Dividends

€130k

- 21-24

Debt

€73k

+1.0% +222% vs sector

Debt ≤ 1y

€73k

+1.0% +222% vs sector

Debt > 1y

€4k

-54.0% -96% vs sector

Current ratio

1.07

-51.1% -62% vs sector

Quick ratio

1.07

-51.1% -62% vs sector

Solvency

32.4%

-47.7% -58% vs sector

Debt / equity

2.08

+240.3% far above sector median

ROE

134.1%

+210.9% far above sector median

ROA

43.5%

+62.6% far above sector median

Interest coverage

619.28

+92.7% far above sector median

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Revenue	-
EBITDA	€74k
Net profit	€47k
Cash flow	€61k
Staff costs	-
Income taxes	€13k
Dividends	€130k
Total assets	€108k
Equity	€35k
Debt	€73k
of which ≤ 1y	€73k
of which > 1y	-
Working capital	€5k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	1.07
Quick ratio	1.07
Working capital ratio	4.8%
Solvency	32.4%
Debt / equity	2.08
Long-term debt ratio	-
Interest coverage	619.28
Gross margin	-
Net margin	-
ROA	43.5%
ROE	134.1%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €30k · 27.6% Current assets €78k · 72.4%

Equity & liabilities

Equity €35k · 32.5% Debt €73k · 67.6%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€108k
Fixed assets	21/28	€30k
Tangible fixed assets	22/27	€30k
Current assets	29/58	€78k
Amounts receivable within one year	40/41	€24k
Cash & bank	54/58	€52k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€108k
Equity	10/15	€35k
Contributions / capital	10/11	€3k
Reserves	13	€32k
Amounts payable	17/49	€73k
Amounts payable within one year	42/48	€73k
Trade debts payable within one year	44	€906
Income statement
Gross operating margin	9900	€75k
Operating result	9901	€60k
Financial charges	65	€119
Result before taxes	9903	€60k
Income taxes	67/77	€13k
Net result for the period	9904	€47k
Result to be appropriated	9905	€47k

You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

75 / 100 Excellent

050100

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

See plans →

Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Structure & network

Locations & real estate

Establishment units

1 location

WINDMILL STUDIOS

Rue Saint-Vincent(NSV) 15, 1457 WalhainDetailhandel in computers, randapparatuur en software in gespecialiseerde winkels

since 20212.322.912.844

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area2,476 m²

Buildings1

Building footprint138 m²

Volume (LiDAR)960 m³

Tallest building8.8 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
25071C0739/00B000	Wallonia	2,476 m²	1 · 138 m²	8.8 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Analysis

Snowflake analysis

financial profile on 5 axes

80 / 100

Exceptional profile, strong across almost every axis.

Health 75

Profitability 100

Solvency 53

Growth 78

Stability 94

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Credit advice

verdict per customer and amount

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Company registry

Company registry (CBE)

Crossroads Bank

Activities

Ontwerpen en programmeren van computerprogramma's62010Ontwerpen van computerprogramma’s62100Computerconsultancy-activiteiten62020Beheer van computerfaciliteiten62030Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten62200

Primary activity highlighted.

Names & trade names

Legal nameFR

WINDMILL STUDIOS

Registered office

Rue Saint-Vincent(NSV) 15

1457 Walhain, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.