Active BE 0460.904.309Private limited company

WINDOWDECORATION

Arkenvest 5 ·1500 Halle, Belgium· 29 yrs active

Sector: Wholesale of non-electrical household articles (46494)

Conclusion Checked

WINDOWDECORATION has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €66k and a net result of €-27k. Its solvency ranks better than 63% of 3381 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€66k
Net result	€-27k
Better than sector	63%
Active	29 yrs

Financial profile 5 of 5 axes measured · computed by Checked

51 / 100

Mixed profile: strong on stability, weaker on profitability.

All 5 axes are computed from data Checked has read.

Health 45

Profitability 0

Solvency 77

Growth 32

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.6% Low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 1997, 29 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 Flags0 events

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.

Checked score FY 2024 · computed

45 / 100 Fair

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.

Indicative credit limit

€3k

estimate, not credit advice

Score history

55 2023

45 2024

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 1.65 (≥ 1.5) +10

Quick ratio Quick ratio 1.45 (≥ 1.0) +5

Leverage Debt/equity 1.47 (< 2.0) +3

Profitability Negatieve ROE -41% -10

Interest coverage Interest coverage -12.9× (< 1.5×) -10

Profit trend Net profit down YoY -3

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview27 NBB filings

Annual accounts filed on 25-08-2025 with the NBB · fiscal year 2024 · micro schema

Operating resultNet result

Sector comparison

Fiscal year 2024 · NACE 46, Wholesale trade · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	40.5%	25.2%	better than 63% of 3381 sector peers
Net result	€-27k	€4k	better than 11% of 3367 sector peers
Equity	€66k	€22k	better than 71% of 3388 sector peers
Gross operating margin	€-21k	€19k	better than 7% of 3353 sector peers
Total assets	€162k	€105k	better than 62% of 3386 sector peers

EBITDA

€-22k

-5.1% 23-24

Net profit

€-27k

-9.7% 23-24

Cash flow

€-25k

-10.6% 23-24

Total assets

€162k

+7.4% 23-24

Equity

€66k

-29.0% 23-24

Working capital

€63k

-28.5% 23-24

Income taxes

€2k

- 23-24

Debt

€97k

+65.2% 23-24

Debt ≤ 1y

€97k

+65.2% 23-24

Current ratio

1.65

-34.1% 23-24

Quick ratio

1.45

-38.1% 23-24

Solvency

40.5%

-33.9% 23-24

Debt / equity

1.47

+132.8% 23-24

ROE

-40.9%

-54.6% 23-24

ROA

-16.6%

-2.1% 23-24

Interest coverage

-12.90

-99.1% 23-24

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2024	2023
Deposit	micro schema	micro schema
Revenue	-	-
EBITDA	€-22k	€-21k
Net profit	€-27k	€-25k
Cash flow	€-25k	€-23k
Staff costs	-	-
Income taxes	€2k	-
Dividends	-	-
Total assets	€162k	€151k
Equity	€66k	€93k
Debt	€97k	€59k
of which ≤ 1y	€97k	€59k
of which > 1y	-	-
Working capital	€63k	€88k
Employees (FTE)	-	-

Ratios (computed)

	2024	2023
Current ratio	1.65	2.51
Quick ratio	1.45	2.34
Working capital ratio	38.9%	58.4%
Solvency	40.5%	61.3%
Debt / equity	1.47	0.63
Long-term debt ratio	-	-
Interest coverage	-12.90	-6.48
Gross margin	-	-
Net margin	-	-
ROA	-16.6%	-16.2%
ROE	-40.9%	-26.5%
EBITDA margin	-	-
Days sales outstanding	-	-
Days payable outstanding	-	-
Inventory turnover	-	-
Days inventory (DSI)	-	-

Balance-sheet composition 2024

Assets

Fixed assets €3k · 1.6% Current assets €160k · 98.4%

Equity & liabilities

Equity €66k · 40.5% Debt €97k · 59.5%

Full annual accounts (23 line items)

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

Line item	Code	2024	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€162k	€151k
Fixed assets	21/28	€3k	€4k
Tangible fixed assets	22/27	€3k	€4k
Current assets	29/58	€160k	€147k
Stocks & contracts in progress	3	€20k	€10k
Amounts receivable within one year	40/41	€125k	€125k
Cash & bank	54/58	€12k	€10k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€162k	€151k
Equity	10/15	€66k	€93k
Contributions / capital	10/11	€25k	€25k
Reserves	13	€52k	€52k
Accumulated profits (losses)	14	€-11k	€16k
Amounts payable	17/49	€97k	€59k
Amounts payable within one year	42/48	€97k	€59k
Trade debts payable within one year	44	€5k	€98
Income statement
Gross operating margin	9900	€-21k	€13k
Operating result	9901	€-23k	€-22k
Financial income	75	€36	€1k
Financial charges	65	€2k	€3k
Result before taxes	9903	€-25k	€-25k
Income taxes	67/77	€2k	-
Net result for the period	9904	€-27k	€-25k
Result to be appropriated	9905	€-27k	€-25k

Legal Structure

NACE primary	Wholesale of non-electrical household articles(46494)
Legal form	Private limited company(610)
Incorporation	19-06-1997
Status	Active
Postal code	1500

Establishment units 1 location

Arkenvest 5, 1500 Halle

NACE 4525005

since 19972.082.383.033

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23027G0609/00F002	Flanders	700 m²	1 · 364 m²	13.3 m · 3 fl.

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 10 events

All 10Filings 10

2025

25-08