WINDOMAS
ActiveSummary
WINDOMAS has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €235,099. Equity is growing by ~20.3% per year across the filed fiscal years. Its solvency ranks better than 84% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89▼-1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90,000 at 30 days acceptable
Liquidity ample (current ratio 3.5 against 4.52 in 2024; short-term debt: 23% and cash: 22.9% of total assets), and 24.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
75.9%
Return on assets
16.6%
Age of the figures
9 mo
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
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
29 d late
2023
30 d late
2022
67 d late
2021
75 d late
2020
30 d late
2019
91 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#1 company by equity in Zwalm, Construction sector#4 company by total assets in Zwalm, Construction sector
Equity
€1.1m▲ 13.3%
2024 · €950,609
Total assets
€1.4m▲ 18.9%
2024 · €1.2m
Net result
€235,099▲ 16.9%
2024 · €201,163
Working capital
€819,405▲ 14.8%
2024 · €713,778
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€254,646▲ 46.8%€247,274▼ 2.9%€284,805▲ 15.2%€292,032▲ 2.5%€339,657▲ 16.3%
Net result€178,128▲ 50.8%€165,948▼ 6.8%€202,108▲ 21.8%€201,163▼ 0.5%€235,099▲ 16.9%
Equity€519,544▲ 7.3%€637,338▲ 22.7%€789,447▲ 23.9%€950,609▲ 20.4%€1.1m▲ 13.3%
Total assets€876,045▲ 15.5%€986,227▲ 12.6%€1.1m▲ 12.0%€1.2m▲ 8.0%€1.4m▲ 18.9%
Debt€356,501▲ 29.9%€348,889▼ 2.1%€315,561▼ 9.6%€243,068▼ 23.0%€342,457▲ 40.9%
Working capital€321,177▲ 8.7%€441,334▲ 37.4%€576,368▲ 30.6%€713,778▲ 23.8%€819,405▲ 14.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 16% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets
€273,243 ▼ 1.4%
Current assets
€1.1m ▲ 25.1%
Equity and liabilities €1.4m
Equity
€1.1m ▲ 13.3%
Debt
€342,457 ▲ 40.9%
Debt's share of the balance-sheet total rises from 20.4% to 24.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€362,065▲
2024 · €311,095
Cash flow
€257,507▲
2024 · €220,225
Current ratio
3.50▼
2024 · 4.52
Quick ratio
3.12▼
2024 · 4.09
Debt to equity
0.32▲
2024 · 0.26
ROE
21.8%▲
2024 · 21.2%
ROA
16.6%▼
2024 · 16.9%
Interest coverage
332.92▲
2024 · 205.15
Debt ≤ 1 year
€327,211▲
2024 · €202,901
Debt > 1 year
€15,246▼
2024 · €39,327
Income taxes
€106,358▲
2024 · €91,904
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,100 | €16,309 | €15,605 | €19,063 | €22,408 | ▲ 17.5% |
| Other operating charges640/8 | €3,468 | €4,195 | €3,442 | €4,114 | €4,095 | ▼ 0.5% |
| Gross operating margin9900 | €275,214 | €267,778 | €303,853 | €315,209 | €366,160 | ▲ 16.2% |
| Operating profit (loss)9901 | €254,646 | €247,274 | €284,805 | €292,032 | €339,657 | ▲ 16.3% |
| Financial income75/76B | - | - | €3,614 | €2,551 | €2,888 | ▲ 13.2% |
| Recurring financial income75 | - | - | €3,614 | €2,551 | €2,888 | ▲ 13.2% |
| Financial charges65/66B | €2,748 | €2,333 | €1,925 | €1,516 | €1,088 | ▼ 28.3% |
| Recurring financial charges65 | €2,748 | €2,333 | €1,925 | €1,516 | €1,088 | ▼ 28.3% |
| Profit (loss) for the period before taxes9903 | €251,898 | €244,940 | €286,494 | €293,066 | €341,458 | ▲ 16.5% |
| Income taxes67/77 | €73,770 | €78,992 | €84,386 | €91,904 | €106,358 | ▲ 15.7% |
| Profit (loss) for the period9904 | €178,128 | €165,948 | €202,108 | €201,163 | €235,099 | ▲ 16.9% |
| Profit (loss) for the period to be appropriated9905 | €178,128 | €165,948 | €202,108 | €201,163 | €235,099 | ▲ 16.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €876,045 | €986,227 | €1.1m | €1.2m | €1.4m | ▲ 18.9% |
| Fixed assets21/28 | €266,443 | €256,664 | €263,072 | €276,998 | €273,243 | ▼ 1.4% |
| Intangible fixed assets21 | €290 | - | - | - | - | - |
| Tangible fixed assets22/27 | €265,430 | €255,941 | €262,349 | €276,274 | €272,520 | ▼ 1.4% |
| Land and buildings22 | €241,840 | €230,743 | €242,376 | €241,728 | €229,540 | ▼ 5.0% |
| Plant, machinery and equipment23 | €19,740 | €21,899 | €17,224 | €14,284 | €10,762 | ▼ 24.7% |
| Furniture and vehicles24 | €3,849 | €3,299 | €2,749 | €20,263 | €32,218 | ▲ 59.0% |
| Financial fixed assets28 | €723 | €723 | €723 | €723 | €723 | = |
| Current assets29/58 | €609,602 | €729,563 | €841,935 | €916,680 | €1.1m | ▲ 25.1% |
| Amounts receivable after more than one year29 | - | €100,000 | €70,000 | €40,000 | €72,500 | ▲ 81.3% |
| Other amounts receivable291 | - | €100,000 | €70,000 | €40,000 | €72,500 | ▲ 81.3% |
| Stocks and contracts in progress3 | €32,638 | €22,305 | €28,725 | €86,294 | €125,065 | ▲ 44.9% |
| Stocks30/36 | €32,638 | €22,305 | €28,725 | €86,294 | €125,065 | ▲ 44.9% |
| Amounts receivable within one year40/41 | €240,294 | €375,691 | €393,478 | €399,594 | €617,425 | ▲ 54.5% |
| Trade receivables40 | €214,627 | €316,391 | €310,801 | €295,906 | €495,636 | ▲ 67.5% |
| Other amounts receivable41 | €25,667 | €59,300 | €82,677 | €103,688 | €121,789 | ▲ 17.5% |
| Cash at bank and in hand54/58 | €332,843 | €226,656 | €344,674 | €385,364 | €325,770 | ▼ 15.5% |
| Deferred charges and accrued income490/1 | €3,826 | €4,911 | €5,058 | €5,429 | €5,856 | ▲ 7.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €876,045 | €986,227 | €1.1m | €1.2m | €1.4m | ▲ 18.9% |
| Equity10/15 | €519,544 | €637,338 | €789,447 | €950,609 | €1.1m | ▲ 13.3% |
| Contributions10/11 | €18,586 | €18,586 | €18,586 | €18,586 | €18,586 | = |
| Capital10 | €18,586 | €18,586 | - | - | - | - |
| Issued capital100 | €18,586 | €18,586 | - | - | - | - |
| Outside capital11 | - | - | €18,586 | - | - | - |
| Other1109/19 | - | - | €18,586 | - | - | - |
| Reserves13 | €500,958 | €618,753 | €770,861 | €932,023 | €1.1m | ▲ 13.6% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €499,098 | €616,893 | €769,001 | €930,163 | €1.1m | ▲ 13.6% |
| Amounts payable17/49 | €356,501 | €348,889 | €315,561 | €243,068 | €342,457 | ▲ 40.9% |
| Amounts payable after more than one year17 | €68,075 | €60,660 | €49,993 | €39,327 | €15,246 | ▼ 61.2% |
| Financial debts170/4 | €68,075 | €60,660 | €49,993 | €39,327 | €15,246 | ▼ 61.2% |
| Amounts payable within one year42/48 | €288,425 | €288,229 | €265,567 | €202,901 | €327,211 | ▲ 61.3% |
| Current portion of amounts payable after more than one year42 | €10,667 | €10,667 | €10,667 | €10,667 | €10,667 | = |
| Trade debts44 | €125,998 | €186,398 | €194,052 | €137,455 | €195,165 | ▲ 42.0% |
| Suppliers440/4 | €125,998 | €186,398 | €194,052 | €137,455 | €195,165 | ▲ 42.0% |
| Taxes, remuneration and social security45 | €8,761 | €43,010 | €10,849 | €7,280 | €13,074 | ▲ 79.6% |
| Taxes450/3 | €4,165 | €36,501 | €3,478 | €2,719 | €10,473 | ▲ 285% |
| Remuneration and social security454/9 | €4,596 | €6,510 | €7,371 | €4,561 | €2,601 | ▼ 43.0% |
| Other amounts payable47/48 | €143,000 | €48,154 | €50,000 | €47,500 | €108,306 | ▲ 128% |
| Accrued charges and deferred income492/3 | - | - | - | €840 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €178,128 | €165,948 | €202,108 | €201,163 | €235,099 | ▲ 16.9% |
| + Depreciation and write-downs630 | €17,100 | €16,309 | €15,605 | €19,063 | €22,408 | ▲ 17.5% |
| Operating cash flow (approximation) | €195,227 | €182,258 | €217,714 | €220,225 | €257,507 | ▲ 16.9% |
| Investment in fixed assets (approximation) | - | -€6,531 | -€22,013 | -€32,988 | -€18,654 | ▲ 43.5% |
| Change in cash | - | -€106,188 | €118,018 | €40,690 | -€59,594 | ▼ 246% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €235,099 ▲16.9%
Operating result €339,657, net result €235,099, both a record.
31-12
Financial
Equity above €1mEq €1.1m ▲13.3%
8 profitable years in a row build equity to €1.1m.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 67 days late
2022
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 75 days late
2021
31-12
Financial
Equity above €500,000Eq €519,544 ▲7.3%
4 profitable years in a row build equity to €519,544.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 57 days late
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 91 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Zwalm · 1 establishment unit since 2009
Ground area
602 m²
Building footprint
206 m²
Volume, LiDAR
843 m³
Parcel 45027B0289/00S000, Flanders · tallest building 9.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
WINDOMAS
since 20092.176.361.383
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45027B0289/00S000 | Flanders | 602 m² | 1 · 206 m² | 9.9 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 295 EUR awarded · 295 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 295 EUR | 295 EUR |
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Of 20,028 companies in sector 43320 we hold annual accounts for 9,135. 4,208 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-02-2009
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
46831Wholesale of construction materials, general range
Contact
E-mail
kenny@windomas.be
Phone
0485663373
Scores and ratios are computed by Checked and are not a credit decision.