Winsearch
ActiveWinsearch has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.96M and a net result of €-272k. Equity is growing by ~12.5% per year across the filed fiscal years. Its solvency ranks better than 86% of 216 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-41
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity ample (current ratio 3.18 against 5.76 in 2024), and 24.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 78
Relative position
BE, all sectors
reference
Sector 78
lower
← 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
75.7%
Return on assets
-10.5%
Age of the figures
8 mo
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
137 d late
2023
41 d early
2022
6 d early
2021
31 d early
2020
4 d early
2019
8 d early
← before the deadline
after the deadline →
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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€0
2023 · €0
2023: €0
2023 → 2024
EBIT margin
Not included in this filing
Net result
€-272k
2024 · €185k
2018: €292k
2019: €232k
2020: €177k
2021: €271k
2022: €1.51M
2023: €466k
2024: €185k
2018 → 2025
Working capital
€1.07M▼ 42.3%
2024 · €1.86M
2018: €240k
2019: €380k
2020: €441k
2021: €598k
2022: €3.10M
2023: €1.69M
2024: €1.86M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€0€0
Equity€1.57M-€3.08M▲ 96.5%€2.05M▼ 33.6%€2.23M▲ 9.0%€1.96M▼ 12.2%
Operating result€400k-€701k▲ 75.1%€601k▼ 14.2%€268k▼ 55.5%€-202k
Net result€271k-€1.51M▲ 458%€466k▼ 69.2%€185k▼ 60.2%€-272k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €202k after €268k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.59M
Fixed assets
€1.03M▲ 172%
Current assets
€1.56M▼ 30.5%
Equity and liabilities €2.59M
Equity
€1.96M▼ 12.2%
Debt
€629k▲ 59.1%
The debt ratio rises from 15.0% to 24.3%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-153k▼
2024 · €289k
Cash flow
€-222k▼
2024 · €207k
Solvency
75.7%▼
2024 · 85.0%
Current ratio
3.18▼
2024 · 5.76
Quick ratio
3.18▼
2024 · 5.76
Debt / equity
0.32▲
2024 · 0.18
ROE
-13.9%▼
2024 · 8.3%
ROA
-10.5%▼
2024 · 7.0%
Interest coverage
-5.27▼
2024 · 7.71
Debt
€629k▲
2024 · €395k
Debt ≤ 1 year
€491k▲
2024 · €391k
Debt > 1 year
€110k
Income taxes
€4k▼
2024 · €101k
Staff costs
€1.59M▼
2024 · €1.91M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.63M€2.59M▼
Formation expenses20€0€0=
Fixed assets21/28€377k€1.03M▲
Intangible fixed assets21€14k€31k▲
Tangible fixed assets22/27€20k€726k▲
Plant, machinery and equipment23€7k€5k▼
Furniture and vehicles24€8k€19k▲
Leasing and similar rights25€0€149k▲
Other tangible fixed assets26€5k€552k▲
Financial fixed assets28€342k€270k▼
Current assets29/58€2.25M€1.56M▼
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Amounts receivable within one year40/41€1.62M€1.23M▼
Trade receivables40€651k€701k▲
Other amounts receivable41€973k€526k▼
Cash at bank and in hand54/58€591k€315k▼
Deferred charges and accrued income490/1€37k€22k▼
Equity and liabilities
Total equity and liabilities10/49€2.63M€2.59M▼
Equity10/15€2.23M€1.96M▼
Contributions10/11€100k€100k=
Capital10€100k€100k=
Issued capital100€100k€100k=
Reserves13€263k€263k=
Non-distributable reserves130/1€10k€10k=
Legal reserve130€10k€10k=
Tax-exempt reserves132€253k€253k=
Profit (loss) carried forward14€1.87M€1.60M▼
Amounts payable17/49€395k€629k▲
Amounts payable after more than one year17-€110k
Financial debts170/4-€110k
Amounts payable within one year42/48€391k€491k▲
Current portion of amounts payable after more than one year42€0€38k▲
Financial debts43€0€22k▲
Credit institutions430/8€0€22k▲
Trade debts44€55k€145k▲
Suppliers440/4€55k€145k▲
Taxes, remuneration and social security45€336k€280k▼
Taxes450/3€63k€49k▼
Remuneration and social security454/9€273k€230k▼
Other amounts payable47/48€0€6k▲
Accrued charges and deferred income492/3€5k€28k▲
Income statement
Code20242025
Turnover70€0-
Goods, raw materials, services and sundry goods60/61€0-
Remuneration, social security and pensions62€1.91M€1.59M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€49k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€17k
Other operating charges640/8€797€6k▲
Gross operating margin9900€2.20M€1.46M▼
Operating profit (loss)9901€268k€-202k▼
Financial income75/76B€56k€27k▼
Recurring financial income75€56k€27k▼
Financial charges65/66B€38k€92k▲
Recurring financial charges65€38k€29k▼
Non-recurring financial charges66B-€63k
Profit (loss) for the period before taxes9903€286k€-267k▼
Income taxes67/77€101k€4k▼
Profit (loss) for the period9904€185k€-272k▼
Profit (loss) for the period to be appropriated9905€185k€-272k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.87M€1.60M▼
Profit (loss) brought forward from the previous period14P€1.68M€1.87M▲
Social balance
Average headcount (FTE)908721.818.1▼
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-272k ▼247%
Net result drops to €-272k, the lowest in the series.
15-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 137 days late
2024
31-12
Financial
Liquidity triplescurrent ratio 5.76
Current ratio from 1.89 to 5.76; short-term debt falls from €1.89M to €391k.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €1.51M ▲458%
Operating result €701k, net result €1.51M, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 9.13
Current ratio from 2.36 to 9.13; short-term debt falls from €439k to €381k.
31-12
Financial
Equity above €2MEq €3.08M ▲96.5%
5 profitable years in a row build equity to €3.08M.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €1MEq €1.12M ▲23.4%
2 profitable years in a row build equity to €1.12M.
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
07-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2021
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
31-12-2021
NouvelleR: Resigned as Director
31-12-2021
NouvelleR: Resigned as Managing director
27-02-2017
Rachel VANDENDOOREN: Resigned as Managing director
Location & real-estate footprint
Registered office, Fexhe-le-Haut-Clocher · 4 establishment units since 2010
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Chaussée Verte 1064347 Fexhe-le-Haut-ClocherGround area
11.7 ha
Building footprint
4,068 m²
Volume, LiDAR
61,905 m³
4 parcels, Brussels, Wallonia · tallest building 46.6 m, ±13 floors. Linked by address, not a title deed.
4 establishment units
Winsearch
since 20102.185.901.631
Winsearch
since 20182.281.355.569
Winsearch
since 20192.284.534.793
Winsearch
since 20202.305.354.854
4 parcels
Wallonia
3
(75%)
Brussels
1
(25%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64025B0007/00A000 | Wallonia | 11.0 ha | - | - |
| 25782C0642/00C000 | Wallonia | 4,842 m² | 1 · 2,423 m² | 9.6 m · 2 fl. |
| 21807G0135/00T003 | Brussels | 1,574 m² | 1 · 1,579 m² | 46.6 m · 13 fl. |
| 53053D0218/00T034 | Wallonia | 233 m² | 1 · 66 m² | 14.1 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 3
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,346 companies in sector 78100 we hold annual accounts for 1,354. 455 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded02-02-2010
Fiscal year end31-12
Activities, NACEBEL
78100Employment placement agencies
78200Temporary employment agencies and other provision of personnel
78300Employment activities
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
6 entriesWebsite:www.winsearch.be/fr
E-mail:contact@winsearch.be
Phone:+3219544655
Phone:019544655
E-mail:infobw@proselect.be
E-mail:administration@proselect.be