Window Solution
ActiveWindow Solution has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €46k and a net result of €124. Equity is shrinking by ~7.5% per year across the filed fiscal years. Its solvency ranks better than 54% of 36376 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
76
/ 100
Excellent▼ -10 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability1▼-40
Solvency94▼-6
Growth32=
Stability100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 1.98 against 2.64 in 2023), but 50.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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
Sector 43
higher
← 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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
49.8%
Return on assets
0.1%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-08-2025, 19 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
2025
not confirmed
2024
19 d late
2023
45 d early
2022
49 d early
2021
23 d late
2020
30 d late
2019
25 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€46k▼ 32.9%
2023 · €69k
2018: €240k
2019: €55k
2020: €65k
2021: €43k
2022: €63k
2023: €69k
2018 → 2024
Total assets
€93k▼ 13.0%
2023 · €107k
2018: €373k
2019: €189k
2020: €162k
2021: €109k
2022: €123k
2023: €107k
2018 → 2024
Net result
€124▼ 97.8%
2023 · €6k
2018: €13k
2019: €6k
2020: €10k
2021: €3k
2022: €20k
2023: €6k
2018 → 2024
Working capital
€43k▼ 30.2%
2023 · €62k
2018: €100k
2019: €53k
2020: €72k
2021: €53k
2022: €63k
2023: €62k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€65k-€43k▼ 33.4%€63k▲ 45.4%€69k▲ 8.9%€46k▼ 32.9%
Operating result€16k-€6k▼ 59.2%€32k▲ 405%€9k▼ 72.6%€1k▼ 85.2%
Net result€10k-€3k▼ 69.8%€20k▲ 553%€6k▼ 71.5%€124▼ 97.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 85% below 2023 and is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €93k
Fixed assets
€5k▼ 23.8%
Current assets
€88k▼ 12.3%
Equity and liabilities €93k
Equity
€46k▼ 32.9%
Debt
€47k▲ 23.0%
The debt ratio rises from 35.5% to 50.2%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€3k▼
2023 · €10k
Cash flow
€2k▼
2023 · €7k
Solvency
49.8%▼
2023 · 64.5%
Current ratio
1.98▼
2023 · 2.64
Quick ratio
1.98▼
2023 · 2.64
Debt / equity
1.01▲
2023 · 0.55
ROE
0.3%▼
2023 · 8.2%
ROA
0.1%▼
2023 · 5.3%
Interest coverage
24.78▼
2023 · 26.78
Debt
€47k▲
2023 · €38k
Debt ≤ 1 year
€44k▲
2023 · €38k
Income taxes
€1k▼
2023 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€107k€93k▼
Fixed assets21/28€7k€5k▼
Intangible fixed assets21€2k€873▼
Tangible fixed assets22/27€3k€2k▼
Furniture and vehicles24€3k€2k▼
Financial fixed assets28€2k€2k=
Current assets29/58€100k€88k▼
Amounts receivable within one year40/41€26k€15k▼
Trade receivables40€23k€15k▼
Other amounts receivable41€3k€0▼
Cash at bank and in hand54/58€73k€72k▼
Deferred charges and accrued income490/1€997€1k▲
Equity and liabilities
Total equity and liabilities10/49€107k€93k▼
Equity10/15€69k€46k▼
Contributions10/11€1k€1k=
Reserves13€68k€45k▼
Distributable reserves133€68k€45k▼
Profit (loss) carried forward14-€124
Amounts payable17/49€38k€47k▲
Amounts payable within one year42/48€38k€44k▲
Current portion of amounts payable after more than one year42€2k€0▼
Trade debts44€16k€8k▼
Suppliers440/4€16k€8k▼
Advances received on contracts in progress46-€2k
Taxes, remuneration and social security45€18k€8k▼
Taxes450/3€18k€8k▼
Other amounts payable47/48€3k€27k▲
Accrued charges and deferred income492/3-€2k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€940€2k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€11k€5k▼
Operating profit (loss)9901€9k€1k▼
Financial income75/76B€99€30▼
Recurring financial income75€99€30▼
Financial charges65/66B€365€118▼
Recurring financial charges65€365€118▼
Profit (loss) for the period before taxes9903€9k€1k▼
Income taxes67/77€3k€1k▼
Profit (loss) for the period9904€6k€124▼
Profit (loss) for the period to be appropriated9905€6k€124▼
Appropriation of the result
Profit (loss) to be appropriated9906€6k€124▼
Transfer from equity791/2-€23k
Transfer to equity691/2€6k€0▼
To other reserves6921€6k€0▼
Profit to be distributed694/7-€23k
Return on contributions (dividend)694-€23k
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
31-12
Financial
Weakest financial yearnet €124 ▼97.8%
Net result drops to €124, the lowest in the series.
16-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €20k ▲553%
Operating result €32k, net result €20k, both a record.
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 23 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 25 days late
2019
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 21 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 59 days late
2017
11-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 11 days late
2016
11-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 11 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Oudenaarde · 1 establishment unit since 2012
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rekkemstraat 109700 OudenaardeGround area
2,798 m²
Building footprint
1,178 m²
Volume, LiDAR
5,292 m³
2 parcels, Flanders · tallest building 11.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Window Solution
since 20122.215.525.431
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45504A0081/00K002 | Flanders | 1,731 m² | 1 · 1,009 m² | 9.1 m · 1 fl. |
| 45015C0885/00B002 | Flanders | 1,067 m² | 1 · 169 m² | 11.3 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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CB LUX MENUISERIE
BE 0757.535.950
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Frank Raamdecoratie
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PORTAFEN
BE 0802.290.166
Anderlecht · Eq €46k
Of 19,948 companies in sector 43320 we hold annual accounts for 9,082. 7,275 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-12-2012
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
47530Retail trade
47552Retail sale of lighting equipment
47592Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.