Winters Stone
ActiveWinters Stone has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-276k) and a net result of €-38k. Equity is shrinking by ~39.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 3098 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▼-31
Solvency37▼-4
Growth32=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.68 against 0.84 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← fewer bankruptcies
more bankruptcies →
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 · 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 2025Solvency, return and age of the figures
Solvency
-279.9%
Return on assets
-38.5%
Age of the figures
8 mo
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year -€276k
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 31-07-2026, 0 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
on the day
2024
27 d late
2023
31 d late
2022
84 d late
2021
61 d late
2020
31 d late
← 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-276k▼ 16.0%
2024 · €-238k
2020: €7k
2021: €-58k
2022: €-109k
2023: €-184k
2024: €-238k
2020 → 2025
Total assets
€98k▼ 12.4%
2024 · €112k
2020: €196k
2021: €160k
2022: €178k
2023: €138k
2024: €112k
2020 → 2025
Net result
€-38k▲ 29.6%
2024 · €-54k
2020: €2k
2021: €-65k
2022: €-52k
2023: €-75k
2024: €-54k
2020 → 2025
Working capital
€-42k▼ 156%
2024 · €-16k
2020: €-10k
2021: €33k
2022: €14k
2023: €-25k
2024: €-16k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-58k-€-109k▼ 89.7%€-184k▼ 68.3%€-238k▼ 29.3%€-276k▼ 16.0%
Operating result€-56k-€-48k▲ 14.9%€-70k▼ 45.9%€-49k▲ 29.7%€-34k▲ 31.4%
Net result€-65k-€-52k▲ 20.6%€-75k▼ 44.6%€-54k▲ 27.8%€-38k▲ 29.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €34k in 2025 against €49k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €98k
Fixed assets
€11k▼ 54.7%
Current assets
€87k▼ 0.4%
Key figures and ratios
EBITDA
€-20k▲
2024 · €-32k
Cash flow
€-24k▲
2024 · €-36k
Solvency
-279.9%▼
2024 · -211.5%
Current ratio
0.68▼
2024 · 0.84
Quick ratio
0.01▼
2024 · 0.02
Debt / equity
-1.36▲
2024 · -1.47
ROE
13.8%▼
2024 · 22.7%
ROA
-38.5%▲
2024 · -47.9%
Interest coverage
-4.76▲
2024 · -6.66
Debt
€374k▲
2024 · €350k
Debt ≤ 1 year
€129k▲
2024 · €104k
Debt > 1 year
€245k▼
2024 · €246k
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€112k€98k▼
Fixed assets21/28€25k€11k▼
Intangible fixed assets21€3k€1k▼
Tangible fixed assets22/27€22k€10k▼
Land and buildings22€12k€7k▼
Plant, machinery and equipment23€10k€3k▼
Current assets29/58€88k€87k▼
Stocks and contracts in progress3€86k€86k=
Stocks30/36€86k€86k=
Amounts receivable within one year40/41€2k€1k▼
Other amounts receivable41€2k€1k▼
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€112k€98k▼
Equity10/15€-238k€-276k▼
Contributions10/11€5k€5k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-245k€-283k▼
Amounts payable17/49€350k€374k▲
Amounts payable after more than one year17€246k€245k▼
Financial debts170/4€246k€245k▼
Amounts payable within one year42/48€104k€129k▲
Current portion of amounts payable after more than one year42€10k€1k▼
Financial debts43€30k€30k▼
Credit institutions430/8€30k€30k▼
Trade debts44€10k€9k▼
Suppliers440/4€10k€9k▼
Other amounts payable47/48€53k€89k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€14k▼
Other operating charges640/8€446€602▲
Gross operating margin9900€-31k€-20k▲
Operating profit (loss)9901€-49k€-34k▲
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€-54k€-38k▲
Profit (loss) for the period9904€-54k€-38k▲
Profit (loss) for the period to be appropriated9905€-54k€-38k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-245k€-283k▼
Profit (loss) brought forward from the previous period14P€-191k€-245k▼
The notes to these accounts (10 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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Weakest financial yearnet €-75k
Net result drops to €-75k, the lowest in the series; recovery starts the following year.
23-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 84 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · 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, Peer · 1 establishment unit since 2019
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.
Op de Kippen 53990 PeerGround area
1,009 m²
Building footprint
375 m²
Parcel 72030B1106/00D000, Flanders. Linked by address, not a title deed.
1 establishment unit
Winters Stone
since 20192.290.730.125
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72030B1106/00D000 | Flanders | 1,009 m² | 1 · 375 m² | - |
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.
Similar companies · same sector, comparable size
DE ZEVEN BUNDERS
BE 1010.908.660
Vilvoorde · Eq €7k
HET GOUDEN BIT
BE 0875.057.685
Zedelgem · Eq €8k
Concordia Sporthorses
BE 0702.869.324
Kontich · Eq €7k
SHEZA STABLES
BE 0847.409.321
Buggenhout · Eq €7k
HORSICA B E V.
BE 0478.557.418
Gembloux · Eq €7k
Of 1,946 companies in sector 01430 we hold annual accounts for 739. 279 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-07-2019
Fiscal year end31-12
Activities, NACEBEL
01430Raising of horses and other equines
46110Wholesale trade
46231Wholesale of live animals
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.