WINDOUT · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of WINDOUT is 0.8% (low). The 2025 annual accounts show equity of €866k and a net result of €90k. Equity is growing by ~18% per year across the filed fiscal years. Its solvency ranks better than 40% of 343 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 8 annual accounts.

Signals

2 signals · with evidence

Consistently profitable

Positive net result in the two most recent financial years (2024 and 2025).

View the result trend

Growing equity

Equity grew over 2023-2025. Profits are largely retained rather than distributed.

View the equity trend

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

Filing behaviour

From the deposit records, complete market-wide

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-06-2026, 53 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

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.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	08-06-2026	53 d early	2026-00150317
31-12-2024	31-07-2025	17-07-2025	14 d early	2025-00287220
31-12-2023	31-07-2024	27-08-2024	27 d late	2024-00378911
31-12-2022	31-07-2023	22-08-2023	22 d late	2023-00341916
31-12-2021	31-07-2022	04-07-2022	27 d early	2022-20163947
31-12-2020	31-07-2021	08-07-2021	23 d early	2021-33700298
31-12-2019	31-07-2020	05-06-2020	56 d early	2020-14800507
31-12-2018	31-07-2019	11-06-2019	50 d early	2019-17200129
31-12-2017	31-07-2018	20-06-2018	41 d early	2018-20700104
31-12-2016	31-07-2017	29-06-2017	32 d early	2017-24200044

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Established

Founded in 2013, 12 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.8% Low

0%0,5%1,5%4%10%≥25%

Higher-failure-rate sector +Annual accounts: healthy financial profile −Long track record −

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€90k+838.4%

Working capital€338k+273.9%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 08-06-2026 with the NBB · fiscal year 2025 · verkort

Operating resultNet result

Trajectory (indicative)

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

growing Equity: growth of ~18%/year over 8 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 2025 · NACE 43, Specialised construction · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	30.1%	39.1%	better than 40% of 343 sector peers
Net result	€90k	€40k	better than 67% of 343 sector peers
Equity	€866k	€193k	better than 88% of 343 sector peers
Gross operating margin	€1.10M	€230k	better than 90% of 343 sector peers
Staff costs	€665k	€224k	higher than 81% of 221 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 P40

Stable position over 2020-2025 · n=343-998

Net result P67

Weakening position over 2020-2025 · n=343-997

Equity P88

Stable position over 2020-2025 · n=343-998

Gross operating margin P90

Improving position over 2020-2025 · n=343-997

Describes the position versus peers, not a forecast.

EBITDA

€342k

+170.2% 18-25

Net profit

€90k

+838.4% 18-25

Cash flow

€235k

+221.2% 18-25

Total assets

€2.87M

+55.8% 18-25

Equity

€866k

+60.2% 18-25

Working capital

€338k

+273.9% 18-25

Employees (FTE)

9

+217.9% 18-25

Staff costs

€665k

+217.0% 18-25

Show 12 other metrics

Income taxes

€41k

+1110.4% 18-25

Dividends

€100k

- 18-25

Debt

€1.82M

+55.8% 18-25

Debt ≤ 1y

€960k

+25.8% 18-25

Debt > 1y

€860k

+112.3% 18-25

Current ratio

1.35

+20.9% 18-25

Quick ratio

1.02

-0.2% 18-25

Solvency

30.1%

+2.8% 18-25

Debt / equity

2.10

-2.7% 18-25

ROE

10.3%

+485.9% 18-25

ROA

3.1%

+502.5% 18-25

Interest coverage

3.32

+89.9% 18-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	verkort
Revenue	-
EBITDA	€342k
Net profit	€90k
Cash flow	€235k
Staff costs	€665k
Income taxes	€41k
Dividends	€100k
Total assets	€2.87M
Equity	€866k
Debt	€1.82M
of which ≤ 1y	€960k
of which > 1y	€860k
Working capital	€338k
Employees (FTE)	8.9

Ratios (computed)

	2025
Current ratio	1.35
Quick ratio	1.02
Working capital ratio	11.8%
Solvency	30.1%
Debt / equity	2.10
Long-term debt ratio	0.99
Interest coverage	3.32
Gross margin	-
Net margin	-
ROA	3.1%
ROE	10.3%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €1.57M · 54.8% Current assets €1.30M · 45.2%

Equity & liabilities

Equity €866k · 30.2% Provisions €186k · 6.5% Debt €1.82M · 63.4%

Full annual accounts (27 line items)

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

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€2.87M
Fixed assets	21/28	€1.57M
Intangible fixed assets	21	€298k
Tangible fixed assets	22/27	€1.28M
Financial fixed assets	28	€385
Current assets	29/58	€1.30M
Stocks & contracts in progress	3	€322k
Amounts receivable within one year	40/41	€821k
Cash & bank	54/58	€133k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€2.87M
Equity	10/15	€866k
Contributions / capital	10/11	€25k
Reserves	13	€730k
Accumulated profits (losses)	14	€111k
Provisions & deferred taxes	16	€186k
Amounts payable	17/49	€1.82M
Amounts payable after one year	17	€860k
Amounts payable within one year	42/48	€960k
Trade debts payable within one year	44	€280k
Income statement
Gross operating margin	9900	€1.10M
Operating result	9901	€196k
Financial income	75	€37k
Financial charges	65	€103k
Result before taxes	9903	€131k
Income taxes	67/77	€41k
Net result for the period	9904	€90k
Result to be appropriated	9905	€90k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

86 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Directors

Directors & mandates

6 directors

8 of this company's 8 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.

Current directors & mandates

RHINOPrivate limited company
Director· perm. rep.: BEEUWSAERT Jeroen
State Gazette act 24148165 (15-10-2024)

Current
12-07-2024 → present
VITELOPrivate limited company
Director· perm. rep.: VANDERPLANCKE Jan
State Gazette act 24148165 (15-10-2024)

Current
12-07-2024 → present
HuConPrivate limited company
Director· perm. rep.: Hubrecht Ervin
State Gazette act 22000439 (03-01-2022)

Current
06-07-2021 → present
M2L@HOMEPrivate limited company
Director· perm. rep.: Vanderplancke Jan
State Gazette act 22000439 (03-01-2022)

Current
06-07-2021 → present

Former directors (2)

Ervin Hubrecht
Director
State Gazette act 22000439 (03-01-2022)

Former
- → 06-07-2021
VANDERPLANCKE Jan
Director
State Gazette act 22000439 (03-01-2022)

Former
- → 06-07-2021

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	Schrijnwerk(43320)
Legal form	Private limited company(610)
Incorporation	09-12-2013
Status	Active
Postal code	8940

Structure & network

Connections & network

4 connected companies

Group structure

HuCon

Sits on the board · 1 subsidiary · 1 location

Control→

M2L@HOME

Sits on the board · 1 subsidiary · 1 location

Control→

RHINO

Sits on the board · 1 subsidiary · 1 location

Control→

VITELO

Sits on the board · 1 subsidiary · 1 location

Control→

Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Ownership & control

4 parties

Control over this companysits on this company's board4

HuCon

1 subsidiary · 1 location

M2L@HOME

1 subsidiary · 1 location

RHINO

1 subsidiary · 1 location

VITELO

1 subsidiary · 1 location

controls

WINDOUTBE 0542.828.925

Each band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.

Locations & real estate

Registered office

on the map · from the address register

approximate (street level) On OpenStreetMap

Establishment units

1 location

Windout

Menensesteenweg 262A, 8940 WervikVervaardiging van ander schrijn- en timmerwerk

since 20142.226.493.953

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

Parcels2

Ground area7,701 m²

Buildings2

Building footprint506 m²

Volume (LiDAR)2,716 m³

Tallest building9.8 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.

Flanders 2 (100%)