WINSOLAR
ActiveThe computed 12-month bankruptcy probability of WINSOLAR is 3.0% (moderate). The annual accounts of WINSOLAR for fiscal year 2024 show a net loss of 96% of the equity at the start of that year. The 2024 annual accounts show equity of €2k and a net result of €-42k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 36373 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
30
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability15▼-59
Solvency25▼-16
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.01 against 1.6 in 2023; short-term debt: 54.2% and cash: 9.3% of total assets), and 99.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
0.2%
Return on assets
-5.5%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 36373 sector peers (2024).
NBB · sector comparisonPosition among 36373 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
29 d late
2022
30 d late
2021
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€2k▼ 96.3%
2023 · €44k
2021: €-8k
2022: €33k
2023: €44k
2021 → 2024
Total assets
€761k▲ 175%
2023 · €277k
2021: €126k
2022: €178k
2023: €277k
2021 → 2024
Net result
€-42k
2023 · €11k
2021: €-11k
2022: €41k
2023: €11k
2021 → 2024
Working capital
€2k▼ 97.4%
2023 · €81k
2021: €22k
2022: €77k
2023: €81k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€-8k-€33k€44k▲ 34.1%€2k▼ 96.3%
Operating result€-10k-€47k€15k▼ 67.5%€-31k
Net result€-11k-€41k€11k▼ 72.8%€-42k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €31k after €15k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €761k
Fixed assets
€347k▲ 464%
Current assets
€415k▲ 92.4%
Equity and liabilities €761k
Equity
€2k▼ 96.3%
Debt
€760k▲ 226%
The debt ratio rises from 84.2% to 99.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€4k▼
2023 · €39k
Cash flow
€-7k▼
2023 · €35k
Solvency
0.2%▼
2023 · 15.8%
Current ratio
1.01▼
2023 · 1.60
Quick ratio
0.82▼
2023 · 1.29
ROA
-5.5%▼
2023 · 4.0%
Interest coverage
0.33▼
2023 · 15.22
Debt
€760k▲
2023 · €233k
Debt ≤ 1 year
€413k▲
2023 · €135k
Debt > 1 year
€253k▲
2023 · €43k
Staff costs
€49k▼
2023 · €55k
A ratio outside any meaningful range has been withheld (balance sheet total €761k, equity €2k).
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€277k€761k▲
Fixed assets21/28€61k€347k▲
Tangible fixed assets22/27€61k€347k▲
Land and buildings22-€274k
Plant, machinery and equipment23€972€38k▲
Furniture and vehicles24€21k€11k▼
Other tangible fixed assets26€40k€24k▼
Current assets29/58€216k€415k▲
Stocks and contracts in progress3€42k€76k▲
Stocks30/36€33k€75k▲
Contracts in progress37€9k€1k▼
Amounts receivable within one year40/41€147k€268k▲
Trade receivables40€134k€240k▲
Other amounts receivable41€13k€28k▲
Cash at bank and in hand54/58€26k€71k▲
Deferred charges and accrued income490/1€1k-
Equity and liabilities
Total equity and liabilities10/49€277k€761k▲
Equity10/15€44k€2k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€41k€-1k▼
Amounts payable17/49€233k€760k▲
Amounts payable after more than one year17€43k€253k▲
Financial debts170/4€43k€253k▲
Amounts payable within one year42/48€135k€413k▲
Current portion of amounts payable after more than one year42€17k€31k▲
Trade debts44€93k€351k▲
Suppliers440/4€93k€351k▲
Taxes, remuneration and social security45€14k€14k▲
Taxes450/3€4k€4k=
Remuneration and social security454/9€11k€11k▲
Other amounts payable47/48€10k€16k▲
Accrued charges and deferred income492/3€55k€94k▲
Income statement
Code20232024
Remuneration, social security and pensions62€55k€49k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€35k▲
Other operating charges640/8€818€8k▲
Gross operating margin9900€95k€61k▼
Operating profit (loss)9901€15k€-31k▼
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€3k€13k▲
Recurring financial charges65€3k€13k▲
Profit (loss) for the period before taxes9903€15k€-42k▼
Income taxes67/77€4k-
Profit (loss) for the period9904€11k€-42k▼
Profit (loss) for the period to be appropriated9905€11k€-42k▼
Appropriation of the result
Profit (loss) to be appropriated9906€41k€-1k▼
Profit (loss) brought forward from the previous period14P€30k€41k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Weakest financial yearnet €-42k ▼479%
Net result drops to €-42k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Back to profitnet €41k
Net result €41k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Maasmechelen · 1 establishment unit since 2021
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.
Joseph Smeetslaan(M) 2483630 MaasmechelenGround area
435 m²
Building footprint
435 m²
Volume, LiDAR
2,224 m³
Parcel 73048E0931/00R025, Flanders · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Winsolar
since 20212.315.828.577
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73048E0931/00R025 | Flanders | 435 m² | 1 · 435 m² | 6.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 4,097 companies in sector 43240 we hold annual accounts for 1,631. 234 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-03-2021
Fiscal year end31-12
Activities, NACEBEL
43240Other construction installation
43299Specialised construction activities
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:u.gurdemir@outlook.com