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WINDOWMAKERS

Active
Public limited companyfounded 2004active for 22 yearsNijverheidsstraat 18A, 2381 Ravels, BelgiumKBO/BCE: BE 0867.699.147
Summary

WINDOWMAKERS has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.2m and a net result of -€101,086. Equity is growing by about 23% per year across the filed financial years. Its solvency ranks better than 51% of 828 sector peers (NACE 25, financial year 2025). The computed 12-month bankruptcy probability is 1.0% (low).

Risk analysisFollow ReportCompare
WINDOWMAKERSActiveChecked score 66/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of metal structures and parts of structures
NACE 25110Manufacture of fabricated metal products, except machinery and equipment NACE 25120
4th fastest staff growth in Ravels1 site
Size
€16.4mturnover 2025
Staff
58.1 FTE
Equity
€3.2m
Loss
-€101,086
Financial health
66 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
1.0%
Structure
Parent
Gevelgoed Kozijnen BV
  • Gevelgoed Kozijnen B.V.Director · permanent representative Daniel VAN DER HEIJDEN
  • Lisic B.V.Director · permanent representative Marcus Antonius DE FRAITURE
2025 accounts filed 4 days late4 of 9 deeds summarised
Why 66raises riskLiquidity: current ratio 2.10, cash €33,820, halved1 change of registered office in 24 monthsLast filed accounts filed 4 days late; 1 of the last 3 lateSector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)Show the evidence

Checked score

Score 2025
66 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 41% of its sector peers (NACE 25, medium-sized)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Average
Solvency 71-11
equity 46.4% of total assets
Liquidity 36-8
short-term debt 32.8% · cash 0.5%
Profitability 46-12
return on assets -1.5%
Bankruptcy probability, 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (132 companies, NACE 25, medium-sized)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025lowest value 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.2%▲ +0.1 percentage points vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.5%▲ +0.3 percentage points vs 10-2025 12-2025: 0.5%● unchanged vs 11-2025 01-2026: 0.5%● unchanged vs 12-2025 02-2026: 0.4%▼ -0.1 percentage points vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.5%▲ +0.1 percentage points vs 04-2026 06-2026: 0.6%▲ +0.1 percentage points vs 05-2026 07-2026: 0.6%● unchanged vs 06-2026 08-2026: 0.8%▲ +0.2 percentage points vs 07-2026 09-2026: 1.0%▲ +0.2 percentage points vs 08-2026highest value 10-2026: 1.0%● unchanged vs 09-2026highest value
Credit of up to €210,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.1, compared with 2.76 in 2024, above the usual 1.5; short-term debt: 32.8% and cash: 0.5% of total assets), but 53.6% of the assets are financed with debt and provisions.
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 25, medium-sized): better than 63% on solvency, 40% on liquidity, 21% on profitability and 41% on growth.

The bankruptcy probability was computed on 28-10-2026 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

Five signals.
raises risk
raises risk · Liquidity: current ratio 2.10, cash €33,820, halved
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Last filed accounts filed 4 days late; 1 of the last 3 late
NBB · filings
raises risk · Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
KBO
raises risk · 2025 accounts filed 4 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-08-2026, 4 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
4 days late
2024
1 day early
2023
31 days late
2022
31 days early
2021
31 days late
2020
40 days early
2019
29 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 5 days before the deadline; the sector median (NACE 25) for financial year 2024 is 7 days before the deadline, and 35% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 4 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
29-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Permanent representatives: Marcus Antonius dE FRAITURE…Registered-office move
  3. Annual accounts filedfinancial year 2024 · full…

Key points

  • Caution: From profit to loss in 2025after €150,051 in 2024 -€101,086 View
  • Caution: Among the weakest 16% on net resultsector median €79,152 · 828 companies -€101,086 View
  • Controlled by Gevelgoed Kozijnen BV parent View

By topic

Financials

Financial year
2025
Turnover
€16.4m
Loss
-€101,086
Solvency
46.4%
Turnover▲ 0.7%
Net result
20232025
Go to Financials

Board & ownership

Board
2 members
Parent
Gevelgoed Kozijnen BV
  • Gevelgoed Kozijnen B.V.Director
  • Lisic B.V.Director
Go to Board & ownership

Timeline

Events
29
Since
2006
Next accounts
by 31-07-2027
  1. 31-08-2024Annual accounts filed
  2. 31-12-2023Highest result from 2018 to 2025
  3. 31-12-2023Equity above €2m
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of metal structures and parts of structuresNACE 25110
Founded
08-10-2004
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
13
Annual meeting
31 May at 18:00
Purpose
“De handel in en de vervaardiging van constructies voor de bouw in metaal, kunststof, hout…” (deed in Dutch)
Go to Articles of association

Key facts about WINDOWMAKERS

What is the company number of WINDOWMAKERS?
0867.699.147. In Belgium the VAT number is the company number with BE in front: BE 0867.699.147.
Where is WINDOWMAKERS based?
The registered office is at Nijverheidsstraat 18A, 2381 Ravels.Company details
What does WINDOWMAKERS do?
According to the KBO register, the main activity is manufacture of metal structures and parts of structures (NACE 25110).
What is the legal form of WINDOWMAKERS?
Public limited company (NV).
When was WINDOWMAKERS founded?
On 08-10-2004.
Is WINDOWMAKERS still active?
Yes, WINDOWMAKERS is an active enterprise in the KBO register.
How many employees does WINDOWMAKERS have?
On average 58.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of WINDOWMAKERS?
€16.4m in financial year 2025, according to the filed annual accounts.
Is WINDOWMAKERS profitable?
In financial year 2025, WINDOWMAKERS made a loss of €101,086.
Where can I find the annual accounts of WINDOWMAKERS?
WINDOWMAKERS filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of WINDOWMAKERS due?
By 31-07-2027, for financial year 2026.Timeline

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