WINITHAN
ActiveSummary
WINITHAN has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €632k and a net result of €34k. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 63% of 7500 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72=
Solvency81▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 2.71 against 3.7 in 2024; short-term debt: 10% and cash: 8% of total assets), and 44.4% of the assets are financed with debt.
Credit check 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
55.6%
Return on assets
3%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €632k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 d early
2024
14 d early
2023
5 d early
2022
28 d late
2021
32 d early
2020
23 d early
2019
53 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€632k▲ 5.7%
2024 · €598k
2018: €520klowest in 8 years
2019: €596k▲ +14.5% vs 2018
2020: €642k▲ +7.7% vs 2019
2021: €676k▲ +5.3% vs 2020highest in 8 years
2022: €607k▼ -10.3% vs 2021
2023: €567k▼ -6.5% vs 2022
2024: €598k▲ +5.5% vs 2023
2025: €632k▲ +5.7% vs 2024
2018 → 2025
Total assets
€1.14M▼ 1.3%
2024 · €1.15M
2018: €1.17M
2019: €1.19M▲ +1.6% vs 2018
2020: €1.22M▲ +2.5% vs 2019
2021: €1.25M▲ +2.2% vs 2020
2022: €1.29M▲ +2.9% vs 2021highest in 8 years
2023: €1.23M▼ -4.6% vs 2022
2024: €1.15M▼ -6.1% vs 2023
2025: €1.14M▼ -1.3% vs 2024lowest in 8 years
2018 → 2025
Net result
€34k▲ 9.0%
2024 · €31k
2018: €-17klowest in 8 years
2019: €75k▲ +540% vs 2018highest in 8 years
2020: €46k▼ -39.1% vs 2019
2021: €34k▼ -25.6% vs 2020
2022: €22k▼ -35.9% vs 2021
2023: €16k▼ -24.9% vs 2022
2024: €31k▲ +88.4% vs 2023
2025: €34k▲ +9.0% vs 2024
2018 → 2025
Working capital
€195k▼ 4.4%
2024 · €204k
2018: €-69k
2019: €-35k▲ +49.7% vs 2018
2020: €-36k▼ -4.6% vs 2019
2021: €6k▲ +115% vs 2020
2022: €-53k▼ -1045% vs 2021
2023: €-88k▼ -66.2% vs 2022lowest in 8 years
2024: €204k▲ +331% vs 2023highest in 8 years
2025: €195k▼ -4.4% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€676k-€607k▼ 10.3%€567k▼ 6.5%€598k▲ 5.5%€632k▲ 5.7%
2021: €676khighest in 5 years
2022: €607k▼ -10.3% vs 2021
2023: €567k▼ -6.5% vs 2022lowest in 5 years
2024: €598k▲ +5.5% vs 2023
2025: €632k▲ +5.7% vs 2024
Operating result€60k-€32k▼ 45.9%€30k▼ 8.7%€49k▲ 65.3%€57k▲ 16.2%
2021: €60khighest in 5 years
2022: €32k▼ -45.9% vs 2021
2023: €30k▼ -8.7% vs 2022lowest in 5 years
2024: €49k▲ +65.3% vs 2023
2025: €57k▲ +16.2% vs 2024
Net result€34k-€22k▼ 35.9%€16k▼ 24.9%€31k▲ 88.4%€34k▲ 9.0%
2021: €34khighest in 5 years
2022: €22k▼ -35.9% vs 2021
2023: €16k▼ -24.9% vs 2022lowest in 5 years
2024: €31k▲ +88.4% vs 2023
2025: €34k▲ +9.0% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 16% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.14M
Fixed assets
€828k ▼ 5.0%
Current assets
€308k ▲ 10.4%
Equity and liabilities €1.14M
Equity
€632k ▲ 5.7%
Debt
€505k ▼ 8.7%
Debt's share of the balance-sheet total falls from 48.0% to 44.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€135k▲
2024 · €126k
Cash flow
€112k▲
2024 · €108k
Current ratio
2.71▼
2024 · 3.70
Quick ratio
1.15▼
2024 · 1.21
Debt to equity
0.80▼
2024 · 0.92
ROE
5.3%▲
2024 · 5.2%
ROA
3.0%▲
2024 · 2.7%
Interest coverage
12.79▼
2024 · 15.50
Debt ≤ 1 year
€114k▲
2024 · €75k
Debt > 1 year
€391k▼
2024 · €477k
Income taxes
€14k▲
2024 · €13k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.15M€1.14M▼
Fixed assets21/28€872k€828k▼
Tangible fixed assets22/27€872k€828k▼
Land and buildings22€763k€718k▼
Plant, machinery and equipment23€49k€52k▲
Furniture and vehicles24€60k€58k▼
Current assets29/58€279k€308k▲
Stocks and contracts in progress3€188k€177k▼
Stocks30/36€188k€177k▼
Amounts receivable within one year40/41€26k€35k▲
Trade receivables40€22k€28k▲
Other amounts receivable41€4k€7k▲
Cash at bank and in hand54/58€65k€91k▲
Deferred charges and accrued income490/1€83€5k▲
Equity and liabilities
Total equity and liabilities10/49€1.15M€1.14M▼
Equity10/15€598k€632k▲
Contributions10/11€12k€12k=
Reserves13€586k€620k▲
Tax-exempt reserves132€30k€30k=
Distributable reserves133€556k€590k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€553k€505k▼
Amounts payable after more than one year17€477k€391k▼
Financial debts170/4€477k€391k▼
Amounts payable within one year42/48€75k€114k▲
Current portion of amounts payable after more than one year42€43k€40k▼
Financial debts43€7k€2k▼
Credit institutions430/8€7k€2k▼
Trade debts44€8k€3k▼
Suppliers440/4€8k€3k▼
Advances received on contracts in progress46-€500
Taxes, remuneration and social security45€4k€5k▲
Taxes450/3€4k€5k▲
Other amounts payable47/48€13k€63k▲
Accrued charges and deferred income492/3€0€398▲
Income statement
Code20242025
Non-recurring operating income76A€26k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€77k€78k▲
Other operating charges640/8€5k€7k▲
Gross operating margin9900€131k€142k▲
Operating profit (loss)9901€49k€57k▲
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Financial charges65/66B€8k€11k▲
Recurring financial charges65€8k€11k▲
Profit (loss) for the period before taxes9903€44k€48k▲
Income taxes67/77€13k€14k▲
Profit (loss) for the period9904€31k€34k▲
Profit (loss) for the period to be appropriated9905€31k€34k▲
Appropriation of the result
Profit (loss) to be appropriated9906€31k€34k▲
Transfer from equity791/2€0-
Transfer to equity691/2€31k€34k▲
To other reserves6921€31k€34k▲
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €340 | €0 | €26k | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €987 | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €66k | €64k | €71k | €77k | €78k | ▲ 1.8% |
| Other operating charges640/8 | €11k | €7k | €7k | €5k | €7k | ▲ 19.5% |
| Non-recurring operating charges66A | - | €2k | €0 | - | - | - |
| Gross operating margin9900 | €138k | €106k | €108k | €131k | €142k | ▲ 7.9% |
| Operating profit (loss)9901 | €60k | €32k | €30k | €49k | €57k | ▲ 16.2% |
| Financial income75/76B | €3k | €8k | €3k | €3k | €2k | ▼ 34.6% |
| Recurring financial income75 | €3k | €8k | €3k | €3k | €2k | ▼ 34.6% |
| Financial charges65/66B | €16k | €11k | €9k | €8k | €11k | ▲ 30.2% |
| Recurring financial charges65 | €16k | €11k | €9k | €8k | €11k | ▲ 30.2% |
| Profit (loss) for the period before taxes9903 | €47k | €29k | €24k | €44k | €48k | ▲ 10.4% |
| Income taxes67/77 | €12k | €7k | €7k | €13k | €14k | ▲ 13.8% |
| Profit (loss) for the period9904 | €34k | €22k | €16k | €31k | €34k | ▲ 9.0% |
| Profit (loss) for the period to be appropriated9905 | €34k | €22k | €16k | €31k | €34k | ▲ 9.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.25M | €1.29M | €1.23M | €1.15M | €1.14M | ▼ 1.3% |
| Fixed assets21/28 | €953k | €937k | €943k | €872k | €828k | ▼ 5.0% |
| Tangible fixed assets22/27 | €953k | €937k | €943k | €872k | €828k | ▼ 5.0% |
| Land and buildings22 | €895k | €851k | €809k | €763k | €718k | ▼ 5.9% |
| Plant, machinery and equipment23 | €48k | €63k | €58k | €49k | €52k | ▲ 6.9% |
| Furniture and vehicles24 | €9k | €23k | €76k | €60k | €58k | ▼ 2.7% |
| Current assets29/58 | €297k | €349k | €284k | €279k | €308k | ▲ 10.4% |
| Stocks and contracts in progress3 | €172k | €178k | €196k | €188k | €177k | ▼ 5.6% |
| Stocks30/36 | €172k | €178k | €196k | €188k | €177k | ▼ 5.6% |
| Amounts receivable within one year40/41 | €67k | €149k | €46k | €26k | €35k | ▲ 36.2% |
| Trade receivables40 | €33k | €48k | €38k | €22k | €28k | ▲ 26.8% |
| Other amounts receivable41 | €35k | €101k | €8k | €4k | €7k | ▲ 88.5% |
| Cash at bank and in hand54/58 | €57k | €16k | €37k | €65k | €91k | ▲ 38.3% |
| Deferred charges and accrued income490/1 | - | €6k | €5k | €83 | €5k | ▲ 6,319% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.25M | €1.29M | €1.23M | €1.15M | €1.14M | ▼ 1.3% |
| Equity10/15 | €676k | €607k | €567k | €598k | €632k | ▲ 5.7% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €664k | €594k | €555k | €586k | €620k | ▲ 5.8% |
| Non-distributable reserves130/1 | €32k | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €32k | €0 | - | - | - | - |
| Tax-exempt reserves132 | - | €30k | €30k | €30k | €30k | = |
| Distributable reserves133 | €632k | €564k | €525k | €556k | €590k | ▲ 6.1% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | - | - |
| Amounts payable17/49 | €574k | €679k | €659k | €553k | €505k | ▼ 8.7% |
| Amounts payable after more than one year17 | €256k | €250k | €261k | €477k | €391k | ▼ 18.2% |
| Financial debts170/4 | €256k | €250k | €261k | €477k | €391k | ▼ 18.2% |
| Amounts payable within one year42/48 | €291k | €402k | €372k | €75k | €114k | ▲ 50.6% |
| Current portion of amounts payable after more than one year42 | €65k | €32k | €44k | €43k | €40k | ▼ 7.7% |
| Financial debts43 | - | €4k | €4k | €7k | €2k | ▼ 74.7% |
| Credit institutions430/8 | - | €4k | €4k | €7k | €2k | ▼ 74.7% |
| Trade debts44 | €16k | €15k | €16k | €8k | €3k | ▼ 65.2% |
| Suppliers440/4 | €16k | €15k | €16k | €8k | €3k | ▼ 65.2% |
| Advances received on contracts in progress46 | - | - | - | - | €500 | - |
| Taxes, remuneration and social security45 | €0 | €184 | €11k | €4k | €5k | ▲ 44.6% |
| Taxes450/3 | €0 | €184 | €11k | €4k | €5k | ▲ 44.6% |
| Other amounts payable47/48 | €210k | €351k | €297k | €13k | €63k | ▲ 382% |
| Accrued charges and deferred income492/3 | €26k | €26k | €26k | €0 | €398 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34k | €22k | €16k | €31k | €34k | ▲ 9.0% |
| + Depreciation and write-downs630 | €66k | €64k | €71k | €77k | €78k | ▲ 1.8% |
| Operating cash flow (approximation) | €100k | €86k | €87k | €108k | €112k | ▲ 3.9% |
| Investment in fixed assets (approximation) | - | €-48k | €-77k | €-6k | €-35k | ▼ 462% |
| Change in cash | - | €-40k | €20k | €29k | €25k | ▼ 12.7% |
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
Next filing, fiscal year 2026, expected by
2026
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity times 5current ratio 3.70
Current ratio from 0.76 to 3.70; short-term debt falls from €372k to €75k.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 53 days late
2019
31-12
Financial
Back to profitnet €75k
Net result €75k after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 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, Evergem · 1 establishment unit since 2003
Ground area
2,664 m²
Building footprint
870 m²
Volume, LiDAR
5,893 m³
Parcel 44302E1523/00M000, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Buntstraat 85, 9940 Evergem
since 20032.123.663.956
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44302E1523/00M000 | Flanders | 2,664 m² | 1 · 870 m² | 10.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 3,849 EUR awarded · 3,804 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 2,775 EUR | 2,775 EUR |
| 2024 | 1 | 99 EUR | 99 EUR |
| 2023 | 1 | 387 EUR | 387 EUR |
| 2022 | 1 | 588 EUR | 543 EUR |
Schemes
Retroactieve investeringspremie voor eigenaars van zonnepanelen na afschaffing van terugdraaiende teller
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,036. 8,273 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
Founded19-12-2002
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
43230Insulation installation
43240Other construction installation
43320Joinery installation
43350Other building finishing work
43410Roofing work
Scores and ratios are computed by Checked and are not a credit decision.