Summary
WINNR has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €167,883. Equity remains stable across the filed financial years (±0% per year). Its solvency ranks better than 50% of 41 sector peers (NACE 08, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Financials · financial year 2025, micro format
Turnover
≈ €120,000
Estimated: probably between €53,000 and €280,000
Total assets
€505,941▼ 0.8%
2024 · €509,849
Net result
Not included in this filing
Working capital
-€170,153▲ 0.3%
2024 · -€170,686
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 24% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€14,498
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€505,941
2025
Equity€167,883
2025
Debt€338,057
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€170,153
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency33.2%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.50
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 08, Other mining and quarrying: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Equity, Total assets, Working capital, Solvency, Current ratio.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€6,163-€5,860▼ 4.9%€6,466▲ 10.3%€6,315▼ 2.3%€7,355▲ 16.5%€17,318▲ 135%€19,137▲ 10.5%€14,498▼ 24.2%
Equity€167,883-€167,883=€167,883within the sector's middle half=€167,883=€167,883=€167,883=€167,883within the sector's middle half=€167,883within the sector's middle half=
Total assets€498,134-€503,734▲ 1.1%€504,177below the sector's middle half▲ 0.1%€513,182▲ 1.8%€506,567▼ 1.3%€511,520▲ 1.0%€509,849within the sector's middle half▼ 0.3%€505,941within the sector's middle half▼ 0.8%
Debt€330,251-€335,851▲ 1.7%€336,294▲ 0.1%€345,299▲ 2.7%€338,684▼ 1.9%€343,637▲ 1.5%€341,965▼ 0.5%€338,057▼ 1.1%
Working capital-€170,389--€170,717▼ 0.2%-€173,164below the sector's middle half▼ 1.4%-€172,298▲ 0.5%-€170,964▲ 0.8%-€170,581▲ 0.2%-€170,686below the sector's middle half▼ 0.1%-€170,153below the sector's middle half▲ 0.3%
Solvency33.7%-33.3%▼ 0.4pp33.3%within the sector's middle half=32.7%▼ 0.6pp33.1%▲ 0.4pp32.8%▼ 0.3pp32.9%within the sector's middle half▲ 0.1pp33.2%within the sector's middle half▲ 0.3pp
Current ratio0.48-0.49▲ 0.010.48below the sector's middle half▼ 0.010.50▲ 0.020.49▼ 0.010.50▲ 0.010.50below the sector's middle half=0.50below the sector's middle half▼ 0.01
above
within
below
the middle half of NACE 08, Other mining and quarrying: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €505,941
Fixed assets
€338,983 =
Current assets
€166,958 ▼ 2.3%
Equity and liabilities €505,941
Equity
€167,883 =
Debt
€338,057 ▼ 1.1%
Debt's share of the balance-sheet total falls from 67.1% to 66.8%. Debt is lower.
Key figures and ratios
Debt to equity
2.01▼
2024 · 2.04
Debt ≤ 1 year
€337,111▼
2024 · €341,552
Income taxes
€213▲
2024 · €103
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €528 | €1,050 | €1,050 | €522 | - | - | - |
| Other operating charges640/8 | - | - | - | €499 | €492 | €535 | €542 | €557 | ▲ 2.8% |
| Gross operating margin9900 | €6,645 | €6,343 | €7,482 | €7,864 | €8,897 | €18,375 | €19,679 | €15,055 | ▼ 23.5% |
| Operating profit (loss)9901 | €6,163 | €5,860 | €6,466 | €6,315 | €7,355 | €17,318 | €19,137 | €14,498 | ▼ 24.2% |
| Financial charges65/66B | - | - | - | €6,315 | €7,355 | €17,251 | €19,034 | €14,285 | ▼ 25.0% |
| Recurring financial charges65 | €6,163 | €5,849 | €6,317 | €6,315 | €7,355 | €17,251 | €19,034 | €14,285 | ▼ 25.0% |
| Profit (loss) for the period before taxes9903 | - | €11 | €148 | - | - | €67 | €103 | €213 | ▲ 108% |
| Income taxes67/77 | - | €11 | €148 | - | - | €67 | €103 | €213 | ▲ 108% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €498,134 | €503,734 | €504,177 | €513,182 | €506,567 | €511,520 | €509,849 | €505,941 | ▼ 0.8% |
| Fixed assets21/28 | €338,983 | €338,983 | €341,605 | €340,555 | €339,505 | €338,983 | €338,983 | €338,983 | = |
| Intangible fixed assets21 | - | - | €2,622 | €1,572 | €522 | - | - | - | - |
| Tangible fixed assets22/27 | €338,983 | €338,983 | €338,983 | €338,983 | €338,983 | €338,983 | €338,983 | €338,983 | = |
| Land and buildings22 | - | - | - | €338,983 | €338,983 | €338,983 | €338,983 | €338,983 | = |
| Current assets29/58 | €159,151 | €164,751 | €162,573 | €172,628 | €167,062 | €172,538 | €170,866 | €166,958 | ▼ 2.3% |
| Amounts receivable within one year40/41 | €27,017 | €2,592 | €62,452 | €61,945 | €33,436 | €49,954 | €45,595 | €55,366 | ▲ 21.4% |
| Trade receivables40 | - | - | - | €61,945 | €33,436 | €49,954 | €45,595 | €48,977 | ▲ 7.4% |
| Other amounts receivable41 | - | - | - | - | - | - | - | €6,388 | - |
| Cash at bank and in hand54/58 | €132,134 | €162,160 | €100,120 | €110,564 | €133,518 | €122,476 | €125,050 | €111,371 | ▼ 10.9% |
| Deferred charges and accrued income490/1 | - | - | - | €119 | €108 | €108 | €221 | €221 | = |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €498,134 | €503,734 | €504,177 | €513,182 | €506,567 | €511,520 | €509,849 | €505,941 | ▼ 0.8% |
| Equity10/15 | €167,883 | €167,883 | €167,883 | €167,883 | €167,883 | €167,883 | €167,883 | €167,883 | = |
| Contributions10/11 | €167,883 | €167,883 | €167,883 | €167,883 | €167,883 | €167,883 | €167,883 | €167,883 | = |
| Contributions outside capital11 | - | - | - | €167,883 | €167,883 | €167,883 | €167,883 | €167,883 | = |
| Share premium1100/10 | - | - | - | €167,883 | €167,883 | - | - | - | - |
| Other1109/19 | - | - | - | - | - | €167,883 | €167,883 | €167,883 | = |
| Amounts payable17/49 | €330,251 | €335,851 | €336,294 | €345,299 | €338,684 | €343,637 | €341,965 | €338,057 | ▼ 1.1% |
| Amounts payable within one year42/48 | €329,540 | €335,468 | €335,737 | €344,926 | €338,026 | €343,119 | €341,552 | €337,111 | ▼ 1.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €326,241 | €326,241 | €326,241 | €326,241 | €326,241 | = |
| Trade debts44 | €1,998 | €9,228 | €8,176 | €12,824 | €10,609 | €15,234 | €12,017 | €10,757 | ▼ 10.5% |
| Suppliers440/4 | - | - | - | €12,824 | €10,609 | €15,234 | €12,017 | €10,757 | ▼ 10.5% |
| Taxes, remuneration and social security45 | - | - | - | €5,861 | €1,177 | €1,645 | €3,295 | €113 | ▼ 96.6% |
| Taxes450/3 | - | - | - | €5,861 | €1,177 | €1,645 | €3,295 | €113 | ▼ 96.6% |
| Accrued charges and deferred income492/3 | - | - | - | €373 | €657 | €519 | €414 | €946 | ▲ 129% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| + Depreciation and write-downs630 | - | - | €528 | €1,050 | €1,050 | €522 | - | - | - |
| Operating cash flow (approximation) | - | - | €528 | €1,050 | €1,050 | €522 | - | - | - |
| Investment in fixed assets (approximation) | - | €0 | -€3,150 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €30,025 | -€62,039 | €10,443 | €22,954 | -€11,042 | €2,574 | -€13,679 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 19-05-2026 | 2026-00113996 |
| 31-12-2024 | micro format | 26-05-2025 | 2025-00105803 |
| 31-12-2023 | abbreviated format | 21-05-2024 | 2024-00091410 |
| 31-12-2022 | abbreviated format | 25-05-2023 | 2023-00095430 |
| 31-12-2021 | abbreviated format | 30-05-2022 | 2022-20039515 |
| 31-12-2020 | abbreviated format | 01-06-2021 | 2021-16400260 |
| 31-12-2019 | abbreviated format | 02-06-2020 | 2020-14400473 |
| 31-12-2018 | abbreviated format | 13-06-2019 | 2019-18600584 |
| 31-12-2017 | abbreviated format | 22-05-2018 | 2018-13700296 |
| 31-12-2016 | abbreviated format | 23-05-2017 | 2017-13200189 |
Similar companies · same sector, comparable size
DIPA
BE 0843.127.067
Kinrooi · equity €219,325
Komatco
BE 0401.316.813
Beveren · equity €231,413
FOREC
BE 0879.382.501
Ieper · equity €238,405
CARRIERE MERENNE FILS
BE 0879.345.778
Havelange · equity €74,852
SETIM
BE 0474.307.036
Attert · equity €902,335
Of the 12 active companies whose main activity is other mining and quarrying (NACE 08121), figures are known for 11. 6 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.