WINDOW MARKET
ActiveSummary
WINDOW MARKET has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €197,297 and a net result of €84,127. Equity is growing by ~19.6% per year across the filed fiscal years. Its solvency ranks better than 24% of 28374 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▲+35
Solvency48▲+4
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity short (current ratio 0.95 against 0.95 in 2024; short-term debt: 22.5% and cash: 0.8% of total assets), and 77.2% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 28374 sector peers (2025).
NBB · sector comparisonPosition among 28374 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-01-2025 was due by 31-08-2025 and was filed on 29-09-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2026
not confirmed
2025
29 d late
2024
52 d late
2023
58 d late
2022
61 d late
2021
60 d late
2020
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 54 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2025, micro schema
In the rankings
#8 company by total assets in Wezembeek-Oppem, Construction sector#10 company by equity in Wezembeek-Oppem, Construction sector
Equity
€197,297▲ 20.9%
2024 · €163,170
Total assets
€865,020▼ 1.4%
2024 · €877,361
Net result
€84,127
2024 · -€11,560
Working capital
-€10,074▲ 3.7%
2024 · -€10,461
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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€4,589▼ 96.1%€39,574▲ 762%€93,266▲ 136%€4,526▼ 95.1%€125,616▲ 2,675%
Net result€4,904within the sector's middle half▼ 95.2%€19,365within the sector's middle half▲ 295%€50,470above the sector's middle half▲ 161%-€11,560below the sector's middle half€84,127above the sector's middle half
Equity€104,895within the sector's middle half▲ 4.9%€124,260within the sector's middle half▲ 18.5%€174,730above the sector's middle half▲ 40.6%€163,170above the sector's middle half▼ 6.6%€197,297above the sector's middle half▲ 20.9%
Total assets€909,019above the sector's middle half▼ 0.4%€964,631above the sector's middle half▲ 6.1%€932,580above the sector's middle half▼ 3.3%€877,361above the sector's middle half▼ 5.9%€865,020above the sector's middle half▼ 1.4%
Debt€804,124▼ 1.0%€840,371▲ 4.5%€757,850▼ 9.8%€714,191▼ 5.8%€667,723▼ 6.5%
Working capital€2,106below the sector's middle half-€12,956below the sector's middle half€50,729within the sector's middle half-€10,461below the sector's middle half-€10,074below the sector's middle half▲ 3.7%
Solvency11.5%below the sector's middle half▲ 0.6pp12.9%below the sector's middle half▲ 1.3pp18.7%below the sector's middle half▲ 5.9pp18.6%below the sector's middle half▼ 0.1pp22.8%below the sector's middle half▲ 4.2pp
Current ratio1.01below the sector's middle half▲ 0.190.95below the sector's middle half▼ 0.071.26within the sector's middle half▲ 0.310.95below the sector's middle half▼ 0.310.95below the sector's middle half=
Return on assets (ROA)0.5%below the sector's middle half▼ 10.7pp2.0%within the sector's middle half▲ 1.5pp5.4%within the sector's middle half▲ 3.4pp-1.3%below the sector's middle half▼ 6.7pp9.7%within the sector's middle half▲ 11.0pp
Staff (FTE)1=1=
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction 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 2,675% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €865,020
Fixed assets
€680,827 ▼ 1.2%
Current assets
€184,193 ▼ 2.3%
Equity and liabilities €865,020
Equity
€197,297 ▲ 20.9%
Debt
€667,723 ▼ 6.5%
Debt's share of the balance-sheet total falls from 81.4% to 77.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€171,225▲
2024 · €50,135
Cash flow
€129,736▲
2024 · €34,049
Debt to equity
3.38▼
2024 · 4.38
ROE
42.6%▲
2024 · -7.1%
Interest coverage
16.13▲
2024 · 3.51
Debt ≤ 1 year
€194,267▼
2024 · €198,946
Debt > 1 year
€473,456▼
2024 · €515,245
Income taxes
€30,872▲
2024 · €2,658
Staff costs
€94,878▼
2024 · €98,338
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,609 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.0%
went bankrupt
2.1%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,340 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% 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 2,609 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €38,925 | €75,514 | €98,338 | €94,878 | ▼ 3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €47,441 | €51,528 | €49,071 | €45,609 | €45,609 | = |
| Other operating charges640/8 | - | €1,820 | €2,159 | €995 | €2,094 | ▲ 110% |
| Gross operating margin9900 | €83,620 | €131,847 | €220,010 | €149,468 | €268,197 | ▲ 79.4% |
| Operating profit (loss)9901 | €4,589 | €39,574 | €93,266 | €4,526 | €125,616 | ▲ 2,675% |
| Financial income75/76B | - | €1,587 | €2,549 | €861 | - | - |
| Recurring financial income75 | €2,304 | €1,587 | €2,549 | €861 | - | - |
| Financial charges65/66B | - | €16,796 | €12,307 | €14,289 | €10,617 | ▼ 25.7% |
| Recurring financial charges65 | €1,869 | €16,796 | €12,307 | €14,289 | €10,617 | ▼ 25.7% |
| Profit (loss) for the period before taxes9903 | €5,024 | €24,365 | €83,508 | -€8,902 | €114,999 | ▲ 1,392% |
| Income taxes67/77 | €120 | €5,000 | €33,038 | €2,658 | €30,872 | ▲ 1,061% |
| Profit (loss) for the period9904 | €4,904 | €19,365 | €50,470 | -€11,560 | €84,127 | ▲ 828% |
| Profit (loss) for the period to be appropriated9905 | €4,904 | €19,365 | €50,470 | -€11,560 | €84,127 | ▲ 828% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €909,019 | €964,631 | €932,580 | €877,361 | €865,020 | ▼ 1.4% |
| Fixed assets21/28 | €750,716 | €729,834 | €684,040 | €688,876 | €680,827 | ▼ 1.2% |
| Tangible fixed assets22/27 | €748,216 | €727,334 | €681,540 | €686,376 | €678,327 | ▼ 1.2% |
| Land and buildings22 | - | €660,089 | €625,470 | €594,313 | €563,156 | ▼ 5.2% |
| Furniture and vehicles24 | - | €63,113 | €48,661 | €84,654 | €107,762 | ▲ 27.3% |
| Other tangible fixed assets26 | - | €4,132 | €7,409 | €7,409 | €7,409 | = |
| Financial fixed assets28 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Current assets29/58 | €158,303 | €234,797 | €248,540 | €188,485 | €184,193 | ▼ 2.3% |
| Amounts receivable after more than one year29 | - | - | €53,145 | - | - | - |
| Other amounts receivable291 | - | - | €53,145 | - | - | - |
| Stocks and contracts in progress3 | €3,250 | €3,250 | €3,250 | - | - | - |
| Stocks30/36 | - | €3,250 | €3,250 | - | - | - |
| Amounts receivable within one year40/41 | €31,596 | €50,197 | €84,193 | €162,943 | €139,831 | ▼ 14.2% |
| Trade receivables40 | - | €48,300 | €84,193 | €157,460 | €89,010 | ▼ 43.5% |
| Other amounts receivable41 | - | €1,897 | - | €5,483 | €50,821 | ▲ 827% |
| Current investments50/53 | - | - | - | - | €37,410 | - |
| Cash at bank and in hand54/58 | €123,457 | €181,350 | €107,952 | €25,542 | €6,952 | ▼ 72.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €909,019 | €964,631 | €932,580 | €877,361 | €865,020 | ▼ 1.4% |
| Equity10/15 | €104,895 | €124,260 | €174,730 | €163,170 | €197,297 | ▲ 20.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Issued capital100 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | - | - | €50,470 | €50,470 | €84,597 | ▲ 67.6% |
| Distributable reserves133 | - | - | €50,470 | €50,470 | €84,597 | ▲ 67.6% |
| Profit (loss) carried forward14 | €86,295 | €105,660 | €105,660 | €94,100 | €94,100 | = |
| Amounts payable17/49 | €804,124 | €840,371 | €757,850 | €714,191 | €667,723 | ▼ 6.5% |
| Amounts payable after more than one year17 | €647,927 | €591,661 | €560,039 | €515,245 | €473,456 | ▼ 8.1% |
| Financial debts170/4 | - | €591,661 | €560,039 | €515,245 | €473,456 | ▼ 8.1% |
| Amounts payable within one year42/48 | €156,197 | €247,753 | €197,811 | €198,946 | €194,267 | ▼ 2.4% |
| Current portion of amounts payable after more than one year42 | - | €43,264 | €44,016 | €41,161 | €38,155 | ▼ 7.3% |
| Trade debts44 | €72,887 | €136,279 | €35,263 | €1,456 | €6,383 | ▲ 338% |
| Suppliers440/4 | - | €136,279 | €35,263 | €1,456 | €6,383 | ▲ 338% |
| Advances received on contracts in progress46 | - | €28,350 | €84,368 | €106,742 | €6,000 | ▼ 94.4% |
| Taxes, remuneration and social security45 | - | €15,180 | €34,164 | €11,282 | €32,229 | ▲ 186% |
| Taxes450/3 | - | €5,418 | €29,128 | €1,516 | €22,285 | ▲ 1,370% |
| Remuneration and social security454/9 | - | €9,762 | €5,036 | €9,766 | €9,944 | ▲ 1.8% |
| Other amounts payable47/48 | - | €24,680 | - | €38,305 | €111,500 | ▲ 191% |
| Accrued charges and deferred income492/3 | - | €957 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,904 | €19,365 | €50,470 | -€11,560 | €84,127 | ▲ 828% |
| + Depreciation and write-downs630 | €47,441 | €51,528 | €49,071 | €45,609 | €45,609 | = |
| Operating cash flow (approximation) | €52,345 | €70,893 | €99,541 | €34,049 | €129,736 | ▲ 281% |
| Investment in fixed assets (approximation) | - | -€30,646 | -€3,277 | -€50,445 | -€37,560 | ▲ 25.5% |
| Change in cash | - | €57,893 | -€73,398 | -€82,410 | -€18,590 | ▲ 77.4% |
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
2026
17-06
State Gazette act
Resignation: TOMASZEWSKI Krzysztof (manager)Appointment: TOMASZEWSKI Krzysztof (non-statutory director) · Registered office clause · Power of attorney12 facts ▸
State Gazette act
Resignation: TOMASZEWSKI Krzysztof (manager)
Appointment: TOMASZEWSKI Krzysztof (non-statutory director) · Registered office clause · Power of attorney12 facts ▸
- Other statement, TITEL V: ALGEMENE VERGADERING
- Director resignation, TOMASZEWSKI Krzysztof (manager)
- Director appointment, TOMASZEWSKI Krzysztof (non-statutory director)
- Registered office clause, Hendrik Smetsstraat 16,1970 Wezembeek-Oppem
- Power of attorney
- Power of attorney, Olivier Brouwers
- General meeting, buitengewone algemene vergadering
- Statutes amendment
- Capital conversion, statutair onbeschikbare eigen vermogensrekening
- Reserve release, beschikbaar voor uitkering, beperking onbeschikbare rekening
- Statutes amendment
- Capital
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
31-01
Financial
Back to profitnet €84,127
Net result €84,127 after one loss-making year.
2024
22-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 52 days late
31-01
Financial
Weakest financial yearnet -€11,560
Net result drops to -€11,560, the lowest in the series; recovery starts the following year.
2023
28-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
31-01
Financial
Equity above €150,000Eq €174,730 ▲40.6%
5 profitable years in a row build equity to €174,730.
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
2021
30-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
31-01
Financial
Equity above €100,000Eq €104,895 ▲4.9%
3 profitable years in a row build equity to €104,895.
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
31-01
Financial
Highest result since 2019net €102,178 ▲165%
Net result €102,178, the highest in the series.
Show earlier events
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2016
23-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 23 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
TOMASZEWSKI Krzysztof
CurrentNon-statutory director · since 17-06-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Wezembeek-Oppem · 1 establishment unit since 2010
Ground area
6,537 m²
Building footprint
2,675 m²
Volume, LiDAR
9,610 m³
2 parcels, Flanders · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
WINDOW MARKET
since 20102.193.929.469
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23772B0144/00Y000 | Flanders | 6,333 m² | 1 · 2,598 m² | 11.3 m · 1 fl. |
| 22006A0066/00E003 | Flanders | 204 m² | 1 · 77 m² | 10.6 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
1 person since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| TOMASZEWSKI Krzysztof |
|
Articles of association
Annual meeting
20 July at 18:00
Duration
Unlimited
Share issue rule
Voorkeurrecht aan eigenaar-pandgever, eerst aan bestaande aandeelhouders naar evenredigheid
Share class
Artikel 8. Aard van de aandelen
Other statement
Ondeelbaarheid van effecten, een eigenaar per effect voor uitoefening rechten
Controle van de vennootschap, een of meerdere commissarissen
Toegang algemene vergadering, deelname zonder stemming indien enkel stemrechten geschorst
Bestuurder,bij gebrek daaraan aanwezige aandeelhouder met meeste aandelen,bij pariteit oudste, zittingen-processen-verbaal algemene vergadering
Beraadslagingen algemene vergadering, meerderheid van stemmen ongeacht vertegenwoordigde effecten
Verdaging algemene vergadering, geen afbreuk aan andere besluiten tenzij vergadering anders beslist
Bestemming winst-reserves, algemene vergadering op voorstel bestuursorgaan
Uitvoering statuten en betrekkingen met vennootschap, woonstkeuze
Rechtbank in wiens rechtsgebied zetel gevestigd, betwisting zaken vennootschap en uitvoering statuten tussen vennootschap,aandeelhouders,bestuurders,commissaris…
Gemeen recht, bepalingen WVV waarvan niet geldig afgeweken
Datum aanpassing statuten aan WVV, statutair onbeschikbaar eigen vermogen
Artikel 6. Stortingsplicht
1 more provision on this in the deed
Transfer restriction
Geen beroep op rechter tegen weigering, helft overdrager helft kopers naar evenredigheid aantal
Board rule
Een of meer bestuurders natuurlijke of rechtspersonen al dan niet aandeelhouder, algemene vergadering bepaalt aantal duur opdracht en bij meerdere bevoegdheid
Algemene kosten los van representatie- reis- en verplaatsingskosten, algemene vergadering met absolute meerderheid of enige aandeelhouder bepaalt vaste of evenr…
Dissolution rule
Vormen vereist voor statutenwijziging, op elk moment
Liquidation rule
Ontbinding om welke reden en op welk ogenblik ook, bestuurder(s) in functie krachtens statuten indien geen andere vereffenaar benoemd
Liquidation distribution
Netto actief onder alle aandeelhouders naar verhouding aantal aandelen,goederen in natura opzelfde wijze
Name clause
WINDOW MARKET
Legal form clause
Besloten vennootschap
Registered office clause
Vlaams Gewest, administratieve zetels,agentschappen,werkhuizen,stapelplaatsen,bijkantoren in België of buitenland bij besluit bestuursorgaan
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Capital and shareholders
Capital over the years
- 17-06-2026 Converted to unavailable equity · 18,600 EUR
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Of 7,302 companies in sector 43350 we hold annual accounts for 2,364. 1,808 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
Founded26-10-2010
Fiscal year end31-01
Activities, NACEBEL 2025
43350Other building finishing work
46180Agents specialised in the wholesale of other particular products
47521Retail sale of hardware, building materials, paint and glass (general range)
23700Cutting, shaping and finishing of stone
41001General construction of residential buildings
43240Other construction installation
43320Joinery installation
43343Specialised construction activities
43990Other specialised construction activities
46190Agents in non-specialised wholesale trade
Contact
Phone
02/7336602Zaventem
E-invoicing
Reachable via Peppol
Peppol ID
0208:0830655540
Also
9925:BE0830655540
Registered
10-12-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.