WindoW
ActiveSummary
WindoW has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €179,306 and a net result of -€130,590. Equity is growing by about 9.9% per year across the filed financial years. Its solvency ranks better than 22% of 20,965 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
- Equity
- €179,306
- Loss
- -€130,590
Why 68raises riskLoss of €130,590 (financial year 2025)1 change of registered office in 24 monthslowers riskSize: turnover €121,932, total assets €831,303Sector: Computer programming, consultancy and related activities (NACE 62)Show the evidence
Checked score
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro): better than 23% on solvency, 16% on liquidity and 18% on profitability.
The bankruptcy probability was computed on 16-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 31 days before the deadline; the sector median (NACE 62) for financial year 2023 is 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · micro…
- Weakest financial yearnet -€130,590
- Appointment: WAELKENS Philippe (director)Amendment of the articles ·…
Financials · financial year 2025, micro format
2020 to 2025, 5 financial years 2018 to 2025, 7 financial years
The operating result is -€78,847 in 2025, compared with €30,495 in 2023. Comparable figures for the intervening years are unavailable.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 62, Computer programming, consultancy and related 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).
Peer companies
Historical observationOf the 307 companies that looked in July 2024 the way this one looks now, 4.9% went bankrupt within 24 months and 88.9% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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%.
| 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 307 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | - | - | €121,932 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | - | - | €74,244 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €78,637 | €45,893 | €56,986 | €60,928 | €61,280 | €62,124 | €122,038 | - |
| Other operating charges640/8 | - | - | - | €2,243 | €2,288 | €2,662 | €4,498 | - |
| Gross operating margin9900 | €92,410 | €65,865 | €103,664 | €115,177 | €151,961 | €95,281 | €47,688 | - |
| Operating profit (loss)9901 | €12,775 | €18,312 | €44,371 | €52,006 | €88,392 | €30,495 | -€78,847 | - |
| Financial income75/76B | - | - | - | - | - | €33 | €263 | - |
| Recurring financial income75 | €230 | €6 | - | - | - | €33 | €263 | - |
| Financial charges65/66B | - | - | - | €13,573 | €15,068 | €27,523 | €51,927 | - |
| Recurring financial charges65 | €6,837 | €11,047 | €11,935 | €13,573 | €15,068 | €27,523 | €51,927 | - |
| Profit (loss) for the period before taxes9903 | €6,167 | €7,271 | €32,436 | €38,433 | €73,325 | €3,005 | -€130,511 | - |
| Income taxes67/77 | €2,338 | €2,263 | €6,714 | €10,733 | €16,038 | €1,782 | €79 | - |
| Profit (loss) for the period9904 | €3,829 | €5,008 | €25,722 | €27,699 | €57,287 | €1,223 | -€130,590 | - |
| Profit (loss) for the period to be appropriated9905 | €3,829 | €5,008 | €25,722 | €27,699 | €57,287 | €1,223 | -€130,590 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €855,996 | €934,378 | €993,439 | €929,049 | €947,169 | €897,962 | €831,303 | - |
| Fixed assets21/28 | €685,871 | €806,599 | €896,879 | €848,121 | €790,046 | €753,310 | €723,069 | - |
| Tangible fixed assets22/27 | €684,234 | €804,963 | €896,879 | €848,121 | €790,046 | €753,310 | €723,069 | - |
| Land and buildings22 | - | - | - | €603,234 | €571,334 | €541,906 | €533,360 | - |
| Plant, machinery and equipment23 | - | - | - | €237,017 | €210,752 | €203,059 | €186,943 | - |
| Furniture and vehicles24 | - | - | - | €7,870 | €7,960 | €8,345 | €2,767 | - |
| Financial fixed assets28 | €1,636 | €1,636 | - | - | - | - | - | - |
| Current assets29/58 | €170,126 | €127,779 | €96,560 | €80,928 | €157,124 | €144,652 | €108,233 | - |
| Stocks and contracts in progress3 | €7,500 | €7,500 | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €25,419 | €34,809 | €38,462 | €1,680 | €21,044 | €56,774 | - | - |
| Trade receivables40 | - | - | - | - | €20,582 | €53,068 | - | - |
| Other amounts receivable41 | - | - | - | €1,680 | €462 | €3,706 | - | - |
| Cash at bank and in hand54/58 | €137,207 | €85,470 | €58,098 | €79,248 | €136,079 | €87,878 | €108,233 | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €855,996 | €934,378 | €993,439 | €929,049 | €947,169 | €897,962 | €831,303 | - |
| Equity10/15 | €192,957 | €197,965 | €223,687 | €251,386 | €308,673 | €309,896 | €179,306 | - |
| Contributions10/11 | €152,500 | €152,500 | - | €152,500 | €152,500 | €152,500 | €152,500 | - |
| Reserves13 | €40,457 | €45,465 | €71,187 | €98,886 | €156,173 | €157,396 | €157,396 | - |
| Non-distributable reserves130/1 | - | - | - | €15,250 | €15,250 | €15,250 | €15,250 | - |
| Reserves not available under the articles1311 | - | - | - | €15,250 | €15,250 | €15,250 | €15,250 | - |
| Tax-exempt reserves132 | - | - | - | €9,755 | €9,755 | €9,755 | €9,755 | - |
| Distributable reserves133 | - | - | - | €73,880 | €131,167 | €132,390 | €132,390 | - |
| Profit (loss) carried forward14 | -€40,735 | - | - | - | - | - | -€130,590 | - |
| Amounts payable17/49 | €663,039 | €736,413 | €769,753 | €677,663 | €638,497 | €588,067 | €651,996 | - |
| Amounts payable after more than one year17 | €450,000 | €538,816 | €490,000 | €420,000 | €350,000 | €280,000 | €210,000 | - |
| Financial debts170/4 | - | - | - | €420,000 | €350,000 | €280,000 | €210,000 | - |
| Amounts payable within one year42/48 | €213,039 | €197,597 | €279,753 | €257,663 | €288,497 | €308,067 | €441,996 | - |
| Current portion of amounts payable after more than one year42 | - | - | - | €70,000 | €70,000 | €70,000 | €70,000 | - |
| Trade debts44 | €11,467 | €11,895 | €53,113 | €6,209 | €2,383 | €1,855 | €966 | - |
| Suppliers440/4 | - | - | - | €6,209 | €2,383 | €1,855 | €966 | - |
| Taxes, remuneration and social security45 | - | - | - | €2,853 | €6,696 | €5,656 | €9,690 | - |
| Taxes450/3 | - | - | - | €2,853 | €6,696 | €5,656 | €9,690 | - |
| Other amounts payable47/48 | - | - | - | €178,601 | €209,417 | €230,555 | €361,340 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,829 | €5,008 | €25,722 | €27,699 | €57,287 | €1,223 | -€130,590 | - |
| + Depreciation and write-downs630 | €78,637 | €45,893 | €56,986 | €60,928 | €61,280 | €62,124 | €122,038 | - |
| Operating cash flow (approximation) | €82,466 | €50,900 | €82,708 | €88,628 | €118,567 | €63,347 | -€8,552 | - |
| Investment in fixed assets (approximation) | - | -€166,621 | -€147,266 | -€12,170 | -€3,205 | -€25,388 | - | - |
| Change in cash | - | -€51,737 | -€27,372 | €21,150 | €56,832 | -€48,201 | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | micro format | 26-04-2026 | 2026-00089215 |
| 31-12-2023 | micro format | 24-06-2024 | 2024-00163883 |
| 31-12-2022 | micro format | 22-06-2023 | 2023-00148703 |
| 31-12-2021 | micro format | 21-06-2022 | 2022-20082661 |
| 31-12-2020 | micro format | 06-07-2021 | 2021-31500013 |
| 31-12-2019 | micro format | 23-06-2020 | 2020-19500360 |
| 31-12-2018 | micro format | 28-06-2019 | 2019-24600295 |
| 31-12-2017 | micro format | 20-06-2018 | 2018-20300489 |
| 31-12-2016 | micro format | 27-07-2017 | 2017-35900161 |
| 31-12-2015 | abbreviated format | 07-07-2016 | 2016-28200575 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
10-01
Gazette deed
Appointment: WAELKENS Philippe (director)Amendment of the articles · Capital conversion · Reserve release11 facts ▸
- General meeting, 24-12-2024
- Amendment of the articles (3 times)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Capital conversion, “eigen vermogensrekening niet-opgevraagde inbrengen” (deed in Dutch)
- Reserve release, “opheffen, statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Purpose change
- Registered-office move, 9000 Gent, New-Yorkstraat 2 K
- Capital
- Director appointment, WAELKENS Philippe (director (not named in the articles))
- Power of attorney (2 times)
- Power of attorney, Patrik DE JONGHE
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 17 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Legal Entity Identifier
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44804D2398/00E000 | Flanders | 267 m² | 1 · 251 m² | 29.9 m · 9 |
| 44021A3411/00T003 | Flanders | 78 m² | - | - |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het verlenen van dienstprestaties van economische en/of juridische aard zowel in eigen beheer als in deelname met derden, daartoe behoren…” (deed in Dutch)
13 activities (deed in Dutch)
- Het verlenen van dienstprestaties van economische en/of juridische aard zowel in eigen beheer als in deelname met derden, daartoe behoren, techno-consult, assistentie op gebied van management, engineering, consulting en franchising, technisch, commercieel en administratief beheer en advies, alsook het ter beschikking stellen en het huren en verhuren van personeel.
- Het patrimonium van vennootschap te beheren in de ruimste zin van het woord en oordeelkundig uit te breiden, alle beschikbare middelen te beleggen, zowel in roerende als in onroerende goederen, met uitsluiting van de handelingen van een vastgoedhandelaar.
- Overgaan tot aankopen, onderschrijven, beheren, verkopen, omruilen voor eigen rekening van aandelen, obligaties, deelbewijzen en/of effecten allerlei van vennootschappen en/of verenigingen, eender welke, alsmede van andere roerende en/of onroerende waarden, tegoeden en/of vorderingen
- Overgaan tot aankopen, verkopen, opschikken, uitrusten, valoriseren, bouwen, verhuren, onderverhuren, in huur nemen of leasen van onroerende goederen, al dan niet gemeubeld
- Het besturen van vennootschappen welk doel deze vennootschappen ook mochten hebben, het deelnemen in en het directievoeren over ondernemingen en vennootschappen, alsook het uitoefenen van de functie van bestuurder of analoge functies in vennootschappen en andere rechtspersonen
- Het bevorderen van de oprichting van vennootschappen of het participeren van de oprichting van vennootschappen of het participeren in bestaande of nog op te richten vennootschappen
- De aan- en verkoop, in- en uitvoer, commissiehandel en vertegenwoordiging van om het even welke goederen, in het kort tussenpersoon in de handel
- Het uitbaten van een restaurant of horecagelegenheid in de meest uitgebreide zin
- Het verlenen van dienstprestatie naar de scheepvaart toe en dit in al zijn vormen
- Het uitbaten van een paardenhouderij, het fokken van paarden, de aan- en verkoop van paarden, de verhuur van stallingen en sportaccommodatie ten behoeve van de paardensport met inbegrip van het onderhoud van de gestalde dieren, de africhting en scholing van paarden, het onderricht in de rijkunst, het coachen en managen van ruiters, de deelname aan nationale en internationale wedstrijden zonder dat deze opsomming beperkend kan zijn en dus in het algemeen alle activiteiten en daden welke zowel rechtstreeks als onrechtstreeks in verband staan met de paardensport in het algemeen
- Het toestaan van leningen en kredietopeningen aan vennootschappen of particulieren, onder om het even welke vorm, in dit kader kan zij zich ook borgstellen of haar aval verlenen in de meest ruime zin van het woord, alle handels- en financiële operaties behalve die welke wettelijk voorbehouden zijn aan deposito’s korte termijn, spaarkassen, hypotheekmaatschappijen, kapitalisatieondernemingen
- Zij mag alle werkzaamheden en rechtshandelingen verrichten die rechtstreeks of onrechtstreeks in verband staan met haar voorwerp
- De vennootschap mag al deze verrichtingen uitvoeren in België of in het buitenland voor eigen rekening of voor rekening van derden, in de meest uitgebreide vorm
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- WindoW
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, door eenvoudige beslissing van het bestuursorgaan naar om het even welke plaats in het tweetalig gebied Brussel Hoofdstad of…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Daily managementWho may handle the everyday running of the business without the full board.
- The board decides whether the delegates act alone or jointly
- Board ruleHow the board is made up, meets and takes decisions.
- “Hij kan bijzondere machten toekennen aan elke mandataris, Iedere bestuurder vertegenwoordigt de vennootschap jegens derden en in rechte als…” (deed in Dutch)1 more provision on this in the deed
Capital, shares and profit
- Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Saturday of March at 10:00
Oversight and winding up
- Auditor ruleHow a statutory auditor is appointed and what they check, if the company has one.
- “Benoemd voor een hernieuwbare termijn van drie jaar, Wanneer het door de wet vereist is en binnen de wettelijke grenzen, wordt het toezicht…” (deed in Dutch)
- Dissolution ruleWhen and by whom the company can be dissolved.
- One provision in the deed
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed