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WINSOL INDUSTRIES

Active
Public limited companyfounded 1953active for 72 yearsRoeselaarsestraat 542, 8870 Izegem, BelgiumKBO/BCE: BE 0405.104.563

From the official registers: KBO 47 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

WINSOL INDUSTRIES has been active since 1953 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.3m and a net result of €87,885. Equity has been growing by about 3.3% per year since 2018. Its solvency ranks better than 81% of 145 sector peers (NACE 24, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysisFollow ReportCompare
WINSOL INDUSTRIESActiveChecked score 87/100
Risk analysis ReportCompare

Overview

Official details

KBO
Status
Active since 30-12-1953 Normal situation
Activity
Manufacture of basic metals NACE 24100and 1 other
Establishment unit
2.004.457.389 8870 Izegem, since 28-08-1991
Financial year end
31 December
Peppol
Reachable since 19-12-2025
Company details

Board and ownership

Board
  • SUFINAChair · permanent representative Jochen Jan Anne MOORTGAT
  • WINSOL INTERNATIONALManaging director · permanent representative Xavier COSTENOBLE
Auditor
BDO Bedrijfsrevisoren bv
Shareholders
Holdings
Shares in 1 company Winbalu
Board & ownership

Financial position

87 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.3%
Annual accounts 2025
Turnover
€4.7m
▼ 7.8%
Profit
€87,885
Equity
€4.3m
▲ 2.1%
Total assets
€5.3m
▲ 1.2%
Staff
18.7 FTE
▼ 20.8%
Filed on 01-07-2026, 30 days before the deadlineat the National Bank
Financials
Score breakdownraises riskLiquidity: current ratio 4.99, cash €15, halvedSector: Manufacture of basic metals (NACE 24)lowers riskFounded in 1953Size: turnover €4.7m, 18.7 FTE, total assets €5.3mShow the evidence

Checked score

Score 2025
87 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 51% of small companies in basic metals (NACE 24)
Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Strong
Solvency 100=
equity 80.4% of total assets
Liquidity 44=
short-term debt 19.6% · cash 0.0%
Profitability 35+18
return on assets 1.7%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (74 companies, NACE 24, small)
Last 24 months 12-2024: 0.2% 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025lowest value 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.3%▲ +0.1 percentage points vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026highest value 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.3%● unchanged vs 07-2026 09-2026: 0.3%● unchanged vs 08-2026 10-2026: 0.3%● unchanged vs 09-2026 11-2026: 0.3%● unchanged vs 10-2026
Credit of up to €370,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.99 (2.93 in 2024), above the usual 1.5. Short-term debt is 19.6% and cash 0% of total assets. 19.6% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 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 24, small). It does better than 92% of them on solvency, 49% on liquidity, 27% on profitability and 37% on growth.

The bankruptcy probability was computed on 01-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 4.99, cash €15, halved
NBB · annual accounts
lowers risk · Founded in 1953
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Sector: Manufacture of basic metals (NACE 24)
KBO
lowers risk · Size: turnover €4.7m, 18.7 FTE, total assets €5.3m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
30 days early
2024
28 days early
2023
22 days early
2022
26 days early
2021
25 days early
2020
18 days early
2019
75 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 11 days before the deadline. In the sector (NACE 24), the median for financial year 2024 was 15 days before the deadline, and 29% 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 5 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Back in profit in 2025after a loss of €120,180 in 2024 €87,885 View
  • Positive: 3rd oldest company in West Flanders, Basic metals sectorin the Checked rankings No. 3 View
  • Positive: Filed on time since financial year 2020accounts within the deadline every year 6 years View

Companies linked to WINSOL INDUSTRIES

Comparable companies

These companies have the same main activity as WINSOL INDUSTRIES: manufacture of basic metals (NACE 24100). They are comparable in size and age: total assets between €4.9m and €28m, founded between 1951 and 1978.

CompanyTotal assetsTurnover
WINSOL INDUSTRIES Izegem€5.3m€4.7m
AVL METAL POWDERS Kortrijk€4.9m-
ETABLISSEMENTS VIELLEVOYE Liège€28.0m€10.0m
STRUYF Ranst€7.9m-
GERNAL Comines-Warneton€9.9m-
E.ME.KO. Wijnegem€5.9m-
ALINCO Sint-Niklaas€9.9m€12.6m
Full comparison

Documents

Annual accounts at the NBB

All 47 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about WINSOL INDUSTRIES
What is the company number of WINSOL INDUSTRIES?
The company number of WINSOL INDUSTRIES is 0405.104.563. The VAT number is the same number with BE in front: BE 0405.104.563.
Where is WINSOL INDUSTRIES based?
The registered office is at Roeselaarsestraat 542, 8870 Izegem.Company details
What does WINSOL INDUSTRIES do?
According to the KBO register, the main activity is manufacture of basic metals (NACE 24100).
What is the legal form of WINSOL INDUSTRIES?
The legal form of WINSOL INDUSTRIES is Public limited company (NV).
When was WINSOL INDUSTRIES founded?
WINSOL INDUSTRIES was founded on 30-12-1953.
Is WINSOL INDUSTRIES still active?
Yes, WINSOL INDUSTRIES is an active enterprise in the KBO register.
How many employees does WINSOL INDUSTRIES have?
WINSOL INDUSTRIES had an average of 18.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of WINSOL INDUSTRIES?
The turnover of WINSOL INDUSTRIES was €4.7m in financial year 2025, according to the filed annual accounts.
Is WINSOL INDUSTRIES profitable?
In financial year 2025, WINSOL INDUSTRIES made a profit of €87,885.
Where can I find the annual accounts of WINSOL INDUSTRIES?
WINSOL INDUSTRIES filed 47 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of WINSOL INDUSTRIES due?
WINSOL INDUSTRIES must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Next steps

Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence See whether the workforce is growing and whether people stay.Employer check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See the other companies in the same group.MILAUHRET · 26 companies

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