WINMAX
ActiveSummary
WINMAX has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €440k and a net result of €71k. Equity is growing by ~32.5% per year across the filed fiscal years. Its solvency ranks better than 75% of 7780 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▼-16
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 3.03 against 4.59 in 2024; short-term debt: 23% and cash: 5.7% of total assets), and 23.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
76.5%
Return on assets
12.3%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-02-2026, 27 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 · 6 filingsDeviation from the deadline
2025
27 d late
2024
11 d late
2023
13 d late
2022
1 d early
2021
4 d early
2020
9 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€465k
EBIT margin
52.5%
Net result
€71k▼ 49.7%
2024 · €140k
2020: €96k
2021: €188k▲ +96.5% vs 2020highest in 6 years
2022: €139k▼ -26.1% vs 2021
2023: €96k▼ -30.8% vs 2022
2024: €140k▲ +46.1% vs 2023
2025: €71k▼ -49.7% vs 2024lowest in 6 years
2020 → 2025
Working capital
€269k▲ 9.4%
2024 · €246k
2020: €-37klowest in 6 years
2021: €148k▲ +499% vs 2020
2022: €50k▼ -66.5% vs 2021
2023: €148k▲ +199% vs 2022
2024: €246k▲ +66.0% vs 2023
2025: €269k▲ +9.4% vs 2024highest in 6 years
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€465k-
Equity€292k-€187k▼ 36.0%€281k▲ 50.5%€419k▲ 49.3%€440k▲ 4.9%
2021: €292k
2022: €187k▼ -36.0% vs 2021lowest in 5 years
2023: €281k▲ +50.5% vs 2022
2024: €419k▲ +49.3% vs 2023
2025: €440k▲ +4.9% vs 2024highest in 5 years
Operating result€244k-€175k▼ 28.4%€125k▼ 28.5%€181k▲ 44.5%€93k▼ 48.8%
2021: €244khighest in 5 years
2022: €175k▼ -28.4% vs 2021
2023: €125k▼ -28.5% vs 2022
2024: €181k▲ +44.5% vs 2023
2025: €93k▼ -48.8% vs 2024lowest in 5 years
Net result€188k-€139k▼ 26.1%€96k▼ 30.8%€140k▲ 46.1%€71k▼ 49.7%
2021: €188khighest in 5 years
2022: €139k▼ -26.1% vs 2021
2023: €96k▼ -30.8% vs 2022
2024: €140k▲ +46.1% vs 2023
2025: €71k▼ -49.7% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 49% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €575k
Fixed assets
€174k ▼ 1.0%
Current assets
€401k ▲ 27.7%
Equity and liabilities €575k
Equity
€440k ▲ 4.9%
Debt
€135k ▲ 91.9%
Debt's share of the balance-sheet total rises from 14.4% to 23.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€112k▼
2024 · €192k
Cash flow
€90k▼
2024 · €152k
Current ratio
3.03▼
2024 · 4.59
Debt to equity
0.31▲
2024 · 0.17
ROE
16.0%▼
2024 · 33.4%
ROA
12.3%▼
2024 · 28.6%
Interest coverage
25.45▼
2024 · 69.36
Debt ≤ 1 year
€132k▲
2024 · €68k
Income taxes
€18k▼
2024 · €40k
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 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€490k€575k▲
Fixed assets21/28€176k€174k▼
Tangible fixed assets22/27€176k€174k▼
Land and buildings22€125k€129k▲
Plant, machinery and equipment23€12k€16k▲
Furniture and vehicles24€38k€30k▼
Current assets29/58€314k€401k▲
Amounts receivable within one year40/41€23k€69k▲
Trade receivables40€23k€29k▲
Other amounts receivable41€473€40k▲
Current investments50/53-€300k
Cash at bank and in hand54/58€291k€33k▼
Equity and liabilities
Total equity and liabilities10/49€490k€575k▲
Equity10/15€419k€440k▲
Contributions10/11€19k€19k=
Reserves13€400k€420k▲
Distributable reserves133€400k€420k▲
Profit (loss) carried forward14€1,000€936▼
Amounts payable17/49€70k€135k▲
Amounts payable within one year42/48€68k€132k▲
Trade debts44€15k€17k▲
Suppliers440/4€15k€17k▲
Taxes, remuneration and social security45€3k€9k▲
Taxes450/3€1k€8k▲
Remuneration and social security454/9€1k€1k=
Other amounts payable47/48€51k€106k▲
Accrued charges and deferred income492/3€2k€3k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€20k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€194k€113k▼
Operating profit (loss)9901€181k€93k▼
Financial income75/76B€2k-
Recurring financial income75€2k-
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€180k€88k▼
Income taxes67/77€40k€18k▼
Profit (loss) for the period9904€140k€71k▼
Profit (loss) for the period to be appropriated9905€140k€71k▼
Appropriation of the result
Profit (loss) to be appropriated9906€141k€72k▼
Profit (loss) brought forward from the previous period14P€466€1,000▲
Transfer to equity691/2€138k€21k▼
To other reserves6921€138k€21k▼
Profit to be distributed694/7€2k€50k▲
Return on contributions (dividend)694€2k€50k▲
The notes to these accounts (5 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €465k | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €7k | €7k | €12k | €20k | ▲ 68.9% |
| Other operating charges640/8 | - | €813 | €1k | €1k | €1k | ▲ 3.4% |
| Gross operating margin9900 | €251k | €182k | €133k | €194k | €113k | ▼ 41.4% |
| Operating profit (loss)9901 | €244k | €175k | €125k | €181k | €93k | ▼ 48.8% |
| Financial income75/76B | - | €2k | €0 | €2k | - | - |
| Recurring financial income75 | €983 | €2k | €0 | €2k | - | - |
| Financial charges65/66B | - | €52 | €896 | €3k | €4k | ▲ 59.0% |
| Recurring financial charges65 | €57 | €52 | €896 | €3k | €4k | ▲ 59.0% |
| Profit (loss) for the period before taxes9903 | €245k | €177k | €124k | €180k | €88k | ▼ 51.1% |
| Income taxes67/77 | €57k | €38k | €28k | €40k | €18k | ▼ 56.1% |
| Profit (loss) for the period9904 | €188k | €139k | €96k | €140k | €71k | ▼ 49.7% |
| Profit (loss) for the period to be appropriated9905 | €188k | €139k | €96k | €140k | €71k | ▼ 49.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €325k | €463k | €377k | €490k | €575k | ▲ 17.4% |
| Fixed assets21/28 | €144k | €137k | €134k | €176k | €174k | ▼ 1.0% |
| Tangible fixed assets22/27 | €144k | €137k | €134k | €176k | €174k | ▼ 1.0% |
| Land and buildings22 | - | €135k | €130k | €125k | €129k | ▲ 2.9% |
| Plant, machinery and equipment23 | - | €2k | €4k | €12k | €16k | ▲ 26.6% |
| Furniture and vehicles24 | - | - | - | €38k | €30k | ▼ 22.6% |
| Current assets29/58 | €181k | €326k | €244k | €314k | €401k | ▲ 27.7% |
| Amounts receivable after more than one year29 | - | €117k | - | - | - | - |
| Other amounts receivable291 | - | €117k | - | - | - | - |
| Amounts receivable within one year40/41 | €8k | €36k | €25k | €23k | €69k | ▲ 198% |
| Trade receivables40 | - | €35k | €24k | €23k | €29k | ▲ 28.7% |
| Other amounts receivable41 | - | €843 | €2k | €473 | €40k | ▲ 8,252% |
| Current investments50/53 | - | - | - | - | €300k | - |
| Cash at bank and in hand54/58 | €56k | €173k | €218k | €291k | €33k | ▼ 88.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €325k | €463k | €377k | €490k | €575k | ▲ 17.4% |
| Equity10/15 | €292k | €187k | €281k | €419k | €440k | ▲ 4.9% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €279k | €168k | €262k | €400k | €420k | ▲ 5.2% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €166k | €260k | €400k | €420k | ▲ 5.2% |
| Profit (loss) carried forward14 | €476 | €159 | €466 | €1,000 | €936 | ▼ 6.4% |
| Amounts payable17/49 | €33k | €277k | €96k | €70k | €135k | ▲ 91.9% |
| Amounts payable within one year42/48 | €33k | €277k | €96k | €68k | €132k | ▲ 93.2% |
| Trade debts44 | €10k | €16k | €36k | €15k | €17k | ▲ 19.5% |
| Suppliers440/4 | - | €16k | €36k | €15k | €17k | ▲ 19.5% |
| Taxes, remuneration and social security45 | - | €7k | €6k | €3k | €9k | ▲ 238% |
| Taxes450/3 | - | €7k | €6k | €1k | €8k | ▲ 480% |
| Remuneration and social security454/9 | - | - | - | €1k | €1k | = |
| Other amounts payable47/48 | - | €254k | €53k | €51k | €106k | ▲ 107% |
| Accrued charges and deferred income492/3 | - | - | €589 | €2k | €3k | ▲ 46.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €188k | €139k | €96k | €140k | €71k | ▼ 49.7% |
| + Depreciation and write-downs630 | €6k | €7k | €7k | €12k | €20k | ▲ 68.9% |
| Operating cash flow (approximation) | €194k | €145k | €103k | €152k | €90k | ▼ 40.6% |
| Investment in fixed assets (approximation) | - | €0 | €-4k | €-54k | €-18k | ▲ 66.9% |
| Change in cash | - | €117k | €45k | €73k | €-259k | ▼ 455% |
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
27-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
30-06
Financial
Weakest financial yearnet €71k ▼49.7%
Net result drops to €71k, the lowest in the series.
11-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 11 days late
2024
13-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 13 days late
2023
30-06
Financial
Liquidity doublescurrent ratio 2.55
Current ratio from 1.18 to 2.55; short-term debt falls from €277k to €96k.
30-06
Financial
Equity above €200kEq €281k ▲50.5%
4 profitable years in a row build equity to €281k.
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Highest result since 2020net €188k ▲96.5%
Operating result €244k, net result €188k, both a record.
30-06
Financial
Liquidity times 7current ratio 5.46
Current ratio from 0.81 to 5.46; short-term debt falls from €199k to €33k.
30-06
Financial
Equity above €200kEq €292k ▲170%
2 profitable years in a row build equity to €292k.
22-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Maldegem · 1 establishment unit since 2019
Ground area
1,562 m²
Building footprint
186 m²
Volume, LiDAR
1,083 m³
Parcel 43010C0775/00G000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
WINMAX
since 20192.287.086.586
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43010C0775/00G000 | Flanders | 1,562 m² | 1 · 186 m² | 9.2 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.
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Of 11,218 companies in sector 82100 we hold annual accounts for 3,511. 2,076 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
Founded26-02-2019
Fiscal year end30-06
Activities, NACEBEL 2025
82100Office administrative and support services
68110Buying and selling of own real estate
70200Business and other management consultancy
Contact
E-mail
herwig@deboekhouders.beMaldegem
Scores and ratios are computed by Checked and are not a credit decision.