Equity
Equity fell by 82% in 11 years.
The dashed line is the sector median: 0.7% across 47,701 companies (NACE 43, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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 43, micro). It does better than 54% of them on solvency, 74% on liquidity, 33% on profitability and 30% on growth.
The bankruptcy probability was computed on 07-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 6,908 companies had the same profile as Window Solution has now. Each dot stands for 18 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Window Solution itself: 0.3% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,908 companies, not a prediction for Window Solution. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 1.92 (1.98 in 2024), above the usual 1.5. Short-term debt is 49.2% and cash 74% of total assets. However, 50.5% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 12 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Window Solution Oudenaarde | €90,637 | €2,559 | 49.5% | - |
| SF AUTOMATISERING Leopoldsburg | €89,134 | €2,955 | 85.7% | - |
| Koen Ronsmans Holsbeek | €73,097 | €2,753 | 36.6% | - |
| JC INTERIEUR Tongeren-Borgloon | €82,203 | €3,610 | 59.2% | - |
| Avema Exclusieve Verandabouw Tongeren-Borgloon | €75,752 | €3,819 | 12.5% | - |
| OVAERE RUDY Waregem | €104,456 | €1,866 | 92.9% | - |
| Yovato Aartselaar | €85,458 | €4,270 | 92.3% | - |
These companies have the same main activity as Window Solution: joinery installation (NACE 43320). They are comparable in size and age: total assets between €73,100 and €104,000, founded between 2009 and 2014.
Window Solution files the micro format. That format states no turnover. The gross margin fell from €85,177 in 2013 to €2,559 in 2025.
The balance sheet grew most in 2016 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €26,000. Estimated: probably between €16,000 and €49,000.
Higher than 53% of 35,119 companies in 2025.
Higher than 53% of 34,493 companies in 2025.
Higher than 20% of 34,694 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||
20/58 |
90,637 | 92,882 | 106,802 | 122,680 | 109,069 | 162,330 | 188,581 | 373,361 | 405,393 | 437,747 | 317,131 | 367,652 | 305,444 | |
20 |
- | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |
21/28 |
4,864 | 5,173 | 6,790 | 2,778 | 10,063 | 23,893 | 56,881 | 211,732 | 229,936 | 242,326 | 178,800 | 200,242 | 217,690 | |
21 |
225 | 873 | 1,520 | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |
22/27 |
2,639 | 2,300 | 3,270 | 778 | 8,063 | 21,893 | 54,881 | 209,732 | 229,936 | 242,326 | 178,800 | 200,242 | 217,690 | |
22 |
- | - | - | - | 1,653 | 4,747 | 7,841 | 142,247 | 162,734 | 174,451 | 159,963 | 169,513 | 179,062 | |
23 |
- | - | - | - | 0 | 0 | 0 | 2,382 | 9,667 | 11,722 | 5,315 | 9,252 | 11,391 | |
24 |
2,639 | 2,300 | 3,270 | 778 | 6,410 | 17,146 | 47,041 | 65,103 | 57,535 | 56,154 | 13,522 | 21,478 | 27,237 | |
28 |
2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | - | - | - | - | - | |
29/58 |
85,773 | 87,709 | 100,012 | 119,902 | 99,006 | 138,437 | 131,700 | 161,629 | 175,457 | 195,421 | 138,331 | 167,410 | 87,754 | |
29 |
- | - | - | - | - | 52,000 | 52,000 | - | - | - | - | - | - | |
291 |
- | - | - | - | - | 52,000 | 52,000 | - | - | - | - | - | - | |
3 |
- | - | - | 12,214 | 10,125 | 9,820 | 11,588 | 7,357 | 33,862 | 22,471 | 5,506 | 7,162 | 2,613 | |
30/36 |
- | - | - | 12,214 | 10,125 | 9,820 | 11,588 | 7,357 | 33,862 | 22,471 | 5,506 | 7,162 | 2,613 | |
40/41 |
17,264 | 14,770 | 25,943 | 25,154 | 28,649 | 35,995 | 28,987 | 106,293 | 30,607 | 60,692 | 45,813 | 65,065 | 41,564 | |
40 |
16,136 | 14,770 | 22,887 | 25,154 | 28,649 | 35,470 | 26,687 | 21,715 | 4,618 | 39,123 | 37,734 | 39,767 | 41,564 | |
41 |
1,127 | 0 | 3,056 | - | - | 525 | 2,300 | 84,579 | 25,990 | 21,569 | 8,079 | 25,298 | - | |
54/58 |
67,063 | 71,660 | 73,071 | 81,046 | 59,526 | 40,623 | 37,244 | 47,479 | 109,457 | 109,067 | 85,013 | 95,183 | 43,577 | |
490/1 |
1,446 | 1,278 | 997 | 1,488 | 706 | - | 1,881 | 500 | 1,531 | 3,191 | 1,999 | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||
10/49 |
90,637 | 92,882 | 106,802 | 122,680 | 109,069 | 162,330 | 188,581 | 373,361 | 405,393 | 437,747 | 317,131 | 367,652 | 305,444 | |
10/15 |
44,831 | 46,218 | 68,853 | 63,216 | 43,470 | 65,279 | 55,261 | 240,472 | 227,501 | 221,217 | 241,713 | 246,021 | 228,600 | |
10/11 |
1,000 | 1,000 | 1,000 | 1,880 | 1,880 | 1,000 | 1,000 | 191,000 | 191,000 | 191,000 | 191,000 | 191,000 | 191,000 | |
100 |
- | - | - | - | - | 1,000 | 1,000 | 191,000 | 191,000 | 191,000 | 191,000 | 191,000 | 191,000 | |
13 |
45,094 | 45,094 | 67,853 | 61,336 | 41,590 | 64,279 | 54,261 | 49,472 | 36,501 | 30,217 | 50,713 | 55,021 | 37,600 | |
130/1 |
- | - | - | - | - | 880 | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | 880 | 880 | 1,880 | 1,880 | 1,880 | 1,880 | 1,880 | 1,880 | |
133 |
45,094 | 45,094 | 67,853 | 61,336 | 41,590 | 63,399 | 53,381 | 47,592 | 34,621 | 28,337 | 48,833 | 53,141 | 35,720 | |
14 |
-1,264 | 124 | - | - | - | - | - | - | - | - | - | - | - | |
17/49 |
45,807 | 46,664 | 37,948 | 59,463 | 65,599 | 97,051 | 133,321 | 132,889 | 177,892 | 216,531 | 75,418 | 121,631 | 76,844 | |
17 |
- | - | - | - | 7,719 | 17,806 | 41,345 | 67,602 | 65,958 | 34,744 | - | - | 1,149 | |
170/4 |
- | - | - | - | 7,719 | 17,806 | 41,345 | 67,602 | 65,958 | 34,744 | - | - | 1,149 | |
42/48 |
44,569 | 44,400 | 37,948 | 56,974 | 46,219 | 65,968 | 78,897 | 61,482 | 111,783 | 166,250 | 70,087 | 115,017 | 69,869 | |
42 |
- | 0 | 2,049 | 7,719 | 10,088 | 19,558 | 26,257 | 25,885 | 9,906 | 10,494 | - | 1,149 | 9,226 | |
44 |
16,516 | 7,590 | 15,590 | 10,821 | 19,737 | 27,420 | 31,285 | 24,287 | 92,028 | 146,532 | 46,570 | 80,568 | 39,908 | |
440/4 |
16,516 | 7,590 | 15,590 | 10,821 | 19,737 | 27,420 | 31,285 | 24,287 | 92,028 | 146,532 | 46,570 | 80,568 | 39,908 | |
46 |
0 | 1,722 | - | 10,289 | - | - | - | - | - | - | - | - | - | |
45 |
4,126 | 7,726 | 17,568 | 26,485 | 14,980 | 18,551 | 20,869 | 11,310 | 9,849 | 9,224 | 23,517 | 33,299 | 20,586 | |
450/3 |
1,788 | 7,726 | 17,568 | 26,485 | 14,980 | 18,551 | 20,869 | 11,310 | 7,849 | 7,024 | 21,317 | 31,099 | 18,386 | |
454/9 |
2,338 | - | - | - | - | - | - | - | 2,000 | 2,200 | 2,200 | 2,200 | 2,200 | |
47/48 |
23,928 | 27,361 | 2,741 | 1,660 | 1,414 | 440 | 485 | - | - | - | - | - | 149 | |
492/3 |
1,237 | 2,264 | - | 2,489 | 11,661 | 13,276 | 13,079 | 3,805 | 150 | 15,537 | 5,331 | 6,614 | 5,826 | |
| Income statement | ||||||||||||||
76A |
- | - | - | - | - | - | 21,488 | 16,051 | 312 | - | - | - | - | |
9900 |
2,559 | 4,844 | 11,266 | 41,498 | 20,342 | 35,806 | 21,920 | 43,001 | 64,525 | 54,780 | 52,049 | 49,783 | 85,177 | |
630 |
1,685 | 1,617 | 940 | 7,937 | 13,830 | 13,697 | 23,538 | 38,273 | 46,467 | 44,413 | 22,102 | 22,316 | 29,271 | |
631/4 |
- | - | - | - | - | 5,321 | - | - | - | - | - | - | - | |
640/8 |
1,444 | 1,919 | 1,478 | 1,271 | 120 | 1,134 | 2,091 | 940 | 1,102 | 1,042 | 1,038 | 1,010 | 1,001 | |
66A |
- | - | - | - | - | 1,240 | - | - | - | - | - | - | - | |
9901 |
-569 | 1,308 | 8,847 | 32,290 | 6,391 | 15,654 | -3,709 | 3,788 | 16,956 | 9,324 | 28,909 | 26,457 | 54,905 | |
75/76B |
5 | 30 | 99 | 26 | 30 | 209 | 21,522 | 16,248 | 575 | 509 | 173 | 35 | 38 | |
75 |
5 | 30 | 99 | 26 | 30 | 209 | 34 | 197 | 263 | 509 | 173 | 35 | 38 | |
76B |
- | - | - | - | - | - | 21,488 | 16,051 | 312 | - | - | - | - | |
65/66B |
132 | 118 | 365 | 283 | 479 | 2,247 | 1,560 | 2,278 | 2,188 | 467 | 213 | 486 | 1,599 | |
65 |
132 | 118 | 365 | 283 | 479 | 1,007 | 1,560 | 2,278 | 2,188 | 467 | 213 | 486 | 1,599 | |
66B |
- | - | - | - | - | 1,240 | - | - | - | - | - | - | - | |
9903 |
-696 | 1,220 | 8,581 | 32,032 | 5,943 | 13,616 | 16,253 | 17,758 | 15,344 | 9,366 | 28,869 | 26,005 | 53,344 | |
67/77 |
691 | 1,096 | 2,944 | 12,285 | 2,919 | 3,598 | 10,465 | 4,787 | 9,060 | 5,863 | 9,177 | 8,584 | 15,744 | |
9904 |
-1,388 | 124 | 5,637 | 19,747 | 3,024 | 10,018 | 5,788 | 12,972 | 6,284 | 3,504 | 19,692 | 17,422 | 37,600 | |
9905 |
-1,388 | 124 | 5,637 | 19,747 | 3,024 | 10,018 | 5,788 | 12,972 | 6,284 | 3,504 | 19,692 | 17,422 | 37,600 | |
| Appropriation of the result | ||||||||||||||
9906 |
-1,264 | 124 | 5,637 | 19,747 | 3,024 | 10,018 | 5,788 | 12,972 | 6,284 | 3,504 | 19,692 | 17,422 | 37,600 | |
14P |
124 | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
0 | 22,759 | - | - | 24,833 | - | - | - | - | 24,000 | 24,000 | - | - | |
691/2 |
- | 0 | 5,637 | 19,747 | 3,024 | 10,018 | 5,788 | 12,972 | 6,284 | 3,504 | 19,692 | 17,422 | 37,600 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | 1,880 | |
6921 |
- | 0 | 5,637 | 19,747 | 3,024 | 10,018 | 5,788 | 12,972 | 6,284 | 3,504 | 19,692 | 17,422 | 35,720 | |
694/7 |
0 | 22,759 | - | - | 24,833 | - | - | - | - | 24,000 | 24,000 | - | - | |
694 |
0 | 22,759 | - | - | 24,833 | - | - | - | - | 24,000 | 24,000 | - | - | |
| Document | ||||||||||||||
The notes to these accounts have 14 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 22-10-2026.
2025 annual accounts filed 83 days after the deadline. Filed on 22 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00567455.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 22-10-2026 | 2026-00567455 | |
| 31-12-2024 | micro format | 19-08-2025 | 2025-00382362 | |
| 31-12-2023 | micro format | 16-06-2024 | 2024-00143867 | |
| 31-12-2022 | micro format | 12-06-2023 | 2023-00135252 | |
| 31-12-2021 | abbreviated format | 23-08-2022 | 2022-20313602 | |
| 31-12-2020 | abbreviated format | 30-08-2021 | 2021-65800146 | |
| 31-12-2019 | abbreviated format | 25-08-2020 | 2020-44600572 | |
| 31-12-2018 | abbreviated format | 21-08-2019 | 2019-48600515 | |
| 31-12-2017 | abbreviated format | 28-09-2018 | 2018-67500379 | |
| 31-12-2016 | abbreviated format | 11-08-2017 | 2017-43200136 | |
| 31-12-2015 | abbreviated format | 11-08-2016 | 2016-42500178 | |
| 31-12-2014 | abbreviated format | 30-09-2015 | 2015-63300192 | |
| 31-12-2013 | abbreviated format | 23-07-2014 | 2014-32100314 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,116 | 2,925 | 9,788 | 40,227 | 20,221 | 29,351 | 19,829 | 42,061 | 63,423 | 53,738 | 51,011 | 48,773 | 84,176 | ||
| 297 | 1,741 | 6,577 | 27,684 | 16,854 | 23,716 | 29,326 | 51,245 | 52,751 | 47,917 | 41,794 | 39,738 | 66,871 | ||
| 1,376 | 0 | 4,953 | 652 | 0 | 598 | -131,313 | 65,538 | 36,931 | 107,940 | 660 | 4,868 | 246,961 | ||
| -4,598 | -1,411 | -7,974 | 21,520 | 18,903 | 3,378 | -10,235 | -61,978 | 390 | 24,054 | -10,170 | 51,606 | - | ||
| 41,204 | 43,309 | 62,063 | 62,928 | 52,787 | 72,469 | 52,803 | 100,147 | 63,674 | 29,171 | 68,244 | 52,393 | 17,885 | ||
| 49.5% | 49.8% | 64.5% | 51.5% | 39.9% | 40.2% | 29.3% | 64.4% | 56.1% | 50.5% | 76.2% | 66.9% | 74.8% | ||
| 1.92 | 1.98 | 2.64 | 2.10 | 2.14 | 2.10 | 1.67 | 2.63 | 1.57 | 1.18 | 1.97 | 1.46 | 1.26 | ||
| 1.92 | 1.98 | 2.64 | 1.89 | 1.92 | 1.95 | 1.52 | 2.51 | 1.27 | 1.04 | 1.90 | 1.39 | 1.22 | ||
| 1.02 | 1.01 | 0.55 | 0.94 | 1.51 | 1.49 | 2.41 | 0.55 | 0.78 | 0.98 | 0.31 | 0.49 | 0.34 | ||
| -3.1% | 0.3% | 8.2% | 31.2% | 7.0% | 15.3% | 10.5% | 5.4% | 2.8% | 1.6% | 8.1% | 7.1% | 16.4% | ||
| -1.5% | 0.1% | 5.3% | 16.1% | 2.8% | 6.2% | 3.1% | 3.5% | 1.6% | 0.8% | 6.2% | 4.7% | 12.3% | ||
| 8.43 | 24.78 | 26.78 | over 100 | 42.25 | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,376 | - | €3,011 | €652 | - |
| Intangible fixed assets | - | - | €1,942 | - | - |
| Financial fixed assets | €0 | - | - | - | - |
| €1,685 | €1,617 | €940 | €7,937 | €13,830 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €569, after a profit of €1,308 in 2024. It is the lowest result since 2019.
Debt's share of the balance-sheet total rises from 50.2% to 50.5%. Equity and debt are lower.
Window Solution has no parent and no holdings in its annual accounts. Van Vlierberghe Jethro is the only director. Window Solution shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Rekkemstraat 10 registered office 9700 Oudenaarde | ||
| Ouwegemsesteenweg 11 9750 Kruisem 4332001 Joinery installation | 21-12-2012 | 2.215.525.431 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 45504A0081/00K002 | 1,731 m² | 1 · 1,009 m² | 9.1 m · 1 |
| 45015C0885/00B002 | 1,067 m² | 1 · 169 m² | 11.3 m · 1 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0508.709.867
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