WINVEST

Active

Public limited companyfounded 201115 yrs activeLakenweversstraat 33, 1050 Elsene, BelgiumKBO/BCE: BE 0835.790.008

WINVEST has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €12.48M and a net result of €-48k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 83% of 493 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).

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Checked score

Score 2024

63 / 100

Healthy▲ +6 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-47

Solvency81▲+25

Growth52▼-26

Stability100

Bankruptcy probability, 12 months

0.8% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €800k at 30 days acceptable

Liquidity tight (current ratio 1.18 against 0.98 in 2023), and 35.9% of the assets are financed with debt.

How do we compute the score and the probability?

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

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 55

Relative position

BE, all sectors

reference

Sector 55

higher

← fewer bankruptcies more bankruptcies →

Growing equity

Equity grew over 2022-2024. Profits are largely retained rather than distributed.

NBB · annual accounts 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year €12.5M

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 10 filings

Deviation from the deadline

2025

not confirmed

2024

29 d late

2023

71 d late

2022

30 d late

2021

19 d late

2020

101 d late

2019

112 d late

← before the deadline after the deadline →

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

Financials · fiscal year 2024, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-48k

2023 · €385k

2018: €27k 2019: €-54k 2020: €-355k 2021: €-306k 2022: €59k 2023: €385k

2018 → 2024

Working capital

€275k

2023 · €-28k

2018: €-4.84M 2019: €-3.35M 2020: €-2.07M 2021: €-1.96M 2022: €-345k 2023: €-28k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€4.06M-€3.70M▼ 8.8%€3.69M▼ 0.1%€4.06M▲ 9.9%€12.48M▲ 207%

Operating result€-260k-€-123k▲ 52.5%€368k€744k▲ 102%€321k▼ 56.9%

Net result€-355k-€-306k▲ 13.7%€59k€385k▲ 556%€-48k

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 57% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €19.48M

90.7%

Fixed assets €17.67M▲ 80.5%

Current assets €1.81M▲ 24.1%

Equity and liabilities €19.48M

64.1%

35.9%

Equity €12.48M▲ 207%

Debt €7.00M▼ 2.6%

The debt ratio falls from 63.9% to 35.9%: equity grows while debt is paid down.

Key figures and ratios

2024 value · change against 2023

EBITDA

€1.02M▼

2023 · €1.18M

Cash flow

€653k▼

2023 · €817k

Solvency

64.1%▲

2023 · 36.1%

Current ratio

1.18▲

2023 · 0.98

Quick ratio

1.18▲

2023 · 0.98

Debt / equity

0.56▼

2023 · 1.77

ROE

-0.4%▼

2023 · 9.5%

ROA

-0.2%▼

2023 · 3.4%

Interest coverage

2.31▼

2023 · 2.72

Debt

€7.00M▼

2023 · €7.19M

Debt ≤ 1 year

€1.54M▲

2023 · €1.49M

Debt > 1 year

€5.46M▼

2023 · €5.70M

Staff costs

€427k▼

2023 · €480k

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€11.25M€19.48M▲

Fixed assets21/28€9.79M€17.67M▲

Intangible fixed assets21€153€0▼

Tangible fixed assets22/27€9.79M€17.67M▲

Land and buildings22€9.56M€17.50M▲

Plant, machinery and equipment23€98k€78k▼

Furniture and vehicles24€123k€89k▼

Financial fixed assets28€4k€4k=

Current assets29/58€1.46M€1.81M▲

Amounts receivable within one year40/41€1.43M€1.63M▲

Trade receivables40€60k€63k▲

Other amounts receivable41€1.37M€1.56M▲

Cash at bank and in hand54/58€9k€167k▲

Deferred charges and accrued income490/1€22k€18k▼

Equity and liabilities

Total equity and liabilities10/49€11.25M€19.48M▲

Equity10/15€4.06M€12.48M▲

Contributions10/11€2.21M€2.21M=

Capital10€2.21M€2.21M=

Issued capital100€2.21M€2.21M=

Revaluation surpluses12€4.51M€13.02M▲

Reserves13€451k€451k=

Distributable reserves133€451k€451k=

Profit (loss) carried forward14€-3.24M€-3.29M▼

Investment grants15€130k€86k▼

Amounts payable17/49€7.19M€7.00M▼

Amounts payable after more than one year17€5.70M€5.46M▼

Financial debts170/4€3.88M€3.50M▼

Other amounts payable178/9€1.82M€1.96M▲

Amounts payable within one year42/48€1.49M€1.54M▲

Current portion of amounts payable after more than one year42€469k€407k▼

Trade debts44€382k€478k▲

Suppliers440/4€382k€478k▲

Advances received on contracts in progress46€44k€65k▲

Taxes, remuneration and social security45€90k€89k▼

Taxes450/3€16k€17k▲

Remuneration and social security454/9€74k€72k▼

Other amounts payable47/48€502k€497k▼

Accrued charges and deferred income492/3€4k€7k▲

Income statement Code20232024

Non-recurring operating income76A-€0

Remuneration, social security and pensions62€480k€427k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€432k€701k▲

Other operating charges640/8€128k€155k▲

Non-recurring operating charges66A-€18

Gross operating margin9900€1.78M€1.60M▼

Operating profit (loss)9901€744k€321k▼

Financial income75/76B€73k€73k▲

Recurring financial income75€73k€73k▲

Financial charges65/66B€432k€442k▲

Recurring financial charges65€432k€442k▲

Profit (loss) for the period before taxes9903€385k€-48k▼

Profit (loss) for the period9904€385k€-48k▼

Profit (loss) for the period to be appropriated9905€385k€-48k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-3.24M€-3.29M▼

Profit (loss) brought forward from the previous period14P€-3.63M€-3.24M▲

Social balance

Average headcount (FTE)90878.56.9▼

The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 15Financial 5Filings 10

2025

29-08

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 29 days late

2024

31-12

Financial Equity above €10MEq €12.48M ▲207%

Equity rises from €4.06M to €12.48M.

10-10

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 71 days late

2023

31-12

Financial Highest result since 2018net €385k ▲556%

Operating result €744k, net result €385k, both a record.

30-08

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 30 days late

2022

31-12

Financial Back to profitnet €59k

Net result €59k after 3 loss-making years.

19-08

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 19 days late

2021

09-11

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 101 days late

2020

31-12

Financial Weakest financial yearnet €-355k

Net result drops to €-355k, the lowest in the series; recovery starts the following year.

31-12

Financial Equity above €2MEq €4.06M

Equity rises from €-1.77M to €4.06M.

20-11

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 112 days late

2019

30-08

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 30 days late

2018

31-07

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

27-07

NBB filing Annual accounts filed

fiscal year 2016 · full schema

2016

29-07

NBB filing Annual accounts filed

fiscal year 2015 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2024

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

07-05-2024 HAIM Abraham: Resigned as Director

07-05-2024 HAIM Ilan: Resigned as Director

28-02-2019 David Alster: Resigned as Director

28-02-2019 MOR Amit: Resigned as Director

30-11-2016 Eli ISRAELI: Resigned as Director

10-12-2014 Avraham HAIM: Resigned as Director

30-10-2012 Jack Blaiberg: Resigned as Director

30-10-2012 Jack Blaiberg: Resigned as Managing director

30-10-2012 Simon Weber: Resigned as Director

30-10-2012 Simon Weber: Resigned as Managing director

Location & real-estate footprint

Registered office, Elsene · 1 establishment unit since 2012