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WINDEY

Active
Public limited companyfounded 199828 yrs activeZwaarveld 51, 9220 Hamme (Vl.), BelgiumKBO/BCE: BE 0463.407.008
Summary

WINDEY has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.2m and a net result of €1.3m. Equity is growing by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 49% of 508 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisWatch ReportCompare
WINDEYActiveChecked score 90/100
Risk analysis ReportCompare

Overview

Activity
Construction of roads and motorways
NACE 42110
#4 company by staff growth in Hamme1 site
Size
€5.8mtotal assets 2025
Staff
36.8 FTE
Equity
€2.2m
Profit
€1.3m
Turnover not published (abridged schema)
Financial health
90 Excellent Checked score 2025
Bankruptcy chance 12 m
0.2%
Structure
Holdings
1
Accounts filed 20 d late0 of 16 deeds read
Why 90- Liquidity: current ratio 1.16, cash €355,574+ Founded in 1998+ Figures for FY 2025 (filed 20-05-2026)+ Profit of €1.3m (FY 2025)Show the evidence

Checked score

Score 2025
90 / 100
Excellent
Probability in this band: under 0.55%
Better than 48% of its sector peers (NACE 42, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 64-10
equity 38.6% of total assets
Liquidity 35-2
short-term debt 45.7% · cash 6.1%
Profitability 97+16
return on assets 22.2%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (299 companies)
Last 24 months 11-2024: 0.1%lowest value 12-2024: 0.1%● 0.0% vs 11-2024lowest value 01-2025: 0.1%▲ +14.8% vs 12-2024 02-2025: 0.1%▲ +3.2% vs 01-2025 03-2025: 0.1%▲ +12.5% vs 02-2025 04-2025: 0.2%▲ +42.6% vs 03-2025 05-2025: 0.2%▲ +29.9% vs 04-2025 06-2025: 0.2%● 0.0% vs 05-2025 07-2025: 0.2%● 0.0% vs 06-2025 08-2025: 0.2%● 0.0% vs 07-2025 09-2025: 0.2%● 0.0% vs 08-2025 10-2025: 0.2%● 0.0% vs 09-2025 11-2025: 0.2%● 0.0% vs 10-2025 12-2025: 0.2%▲ +2.0% vs 11-2025 01-2026: 0.2%▲ +13.7% vs 12-2025 02-2026: 0.2%▲ +3.4% vs 01-2026 03-2026: 0.3%▲ +5.8% vs 02-2026 04-2026: 0.4%▲ +39.0% vs 03-2026 05-2026: 0.6%▲ +61.5% vs 04-2026highest value 06-2026: 0.2%▼ -73.0% vs 05-2026 07-2026: 0.2%● 0.0% vs 06-2026 08-2026: 0.2%● 0.0% vs 07-2026 09-2026: 0.2%● 0.0% vs 08-2026 10-2026: 0.2%▲ +3.9% vs 09-2026
  • Liquidity: current ratio 1.16, cash €355,574 raises the probability
  • Founded in 1998 lowers the probability for this profile
  • Figures for FY 2025 (filed 20-05-2026) lowers the probability
  • Profit of €1.3m (FY 2025) lowers the probability
Credit up to €200,000 at 30 days acceptable
Liquidity tight (current ratio 1.16 against 1.32 in 2024; short-term debt: 45.7% and cash: 6.1% of total assets), and 61.4% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 42, small). Better than this share of them on solvency 51%, liquidity 34%, profitability 93%, growth against the median 17%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 06-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 1.16, cash €355,574
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Founded in 1998
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Figures for FY 2025 (filed 20-05-2026)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Profit of €1.3m (FY 2025)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 20-05-2026, 20 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
20 d late
2024
9 d early
2023
1 d early
2022
9 d early
2021
2 d early
2020
1 d early
2019
29 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 4 days after the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 41% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 28 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 close07-10-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Highest result since 2019net €1.3m ▲170%
  3. Annual accounts filedfiscal year 2024 · abbreviated…

Key points

  • Positive: Result rose in 2025from €479,879 to €1.3m ▲ 170% View
  • Positive: Among the best 5% on net resultsector median €40,429 · 506 companies €1.3m View
  • Positive: 7 profitable years in a rowprofit 2025: €1.3m 7 years View

By topic

Financials

Fiscal year
2025
Total assets
€5.8m
Profit
€1.3m
Solvency
38.6%
Total assets▲ 21.9%
Net result
20192025
Go to Financials

Timeline

Events
13
Since
2017
Next accounts
by 30-04-2027
  1. 20-05-2026Annual accounts filed
  2. 30-09-2025Highest result since 2019
  3. 21-04-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Construction of roads and motorwaysNACE 42110
Founded
20-05-1998
Year ends
30-09
Peppol
Reachable for e-invoices
Go to Company details

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