Public limited company · founded 1968 · 58 yrs activeRoeselaarsestraat 542, 8870 Izegem, BelgiumKBO/BCE: BE 0402.775.573
Summary
WINSOL GROUP is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €28.1m and a net result of €3.5m. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 95% of 2444 sector peers (fiscal year 2025). The company has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals.
How financially healthy the company is, how likely a bankruptcy is and how much credit is sensible. Start here to know whether you can do business safely.
Outside the general model
Checked score
A figure from 0 to 100 for financial health from the latest annual accounts: the higher, the healthier. Without a figure, the card says why. A low score is a reason to look closely at payment terms and security.
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 11 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
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. Usually files around 5 July (5 of the last 5 filed years within 30 days of that day).
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
History
History
The company's story in a few sentences, from the company register, the Belgian State Gazette and the filed annual accounts. Each number opens the document the sentence rests on.
On 1 January 1968, WINSOL GROUP was incorporated.1Jitam was merged into the company in 2010.2A capital increase in 2026 brought the capital to EUR 1 million.3Of the 2 current board members, SUFINA has served longest, since 2023.4
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
Net result€2.7mabove the sector's middle half▲ 1,412%€3.4mabove the sector's middle half▲ 25.7%€1.1mabove the sector's middle half▼ 66.5%€698,463within the sector's middle half▼ 38.5%€3.5mabove the sector's middle half▲ 397%
Equity€35.7mabove the sector's middle half▲ 5.0%€36.9mabove the sector's middle half▲ 3.4%€24.5mabove the sector's middle half▼ 33.6%€25.2mabove the sector's middle half▲ 2.8%€28.1mabove the sector's middle half▲ 11.4%
Total assets€35.8mwithin the sector's middle half▲ 4.8%€37.0mwithin the sector's middle half▲ 3.3%€30.1mwithin the sector's middle half▼ 18.8%€25.9mwithin the sector's middle half▼ 13.8%€28.2mwithin the sector's middle half▲ 8.8%
Working capital€19.9mabove the sector's middle half▲ 3.1%€26.4mabove the sector's middle half▲ 32.6%€14.8mabove the sector's middle half▼ 43.9%€15.5mabove the sector's middle half▲ 4.7%€17.0mabove the sector's middle half▲ 9.2%
Solvency99.7%above the sector's middle half▲ 0.2pp99.7%above the sector's middle half▲ 0.1pp81.6%within the sector's middle half▼ 18.1pp97.4%above the sector's middle half▲ 15.8pp99.7%above the sector's middle half▲ 2.3pp
Current ratio3.68above the sector's middle half23.62above the sector's middle half▲ 19.94
Return on assets (ROA)7.5%within the sector's middle half▲ 7.0pp9.2%above the sector's middle half▲ 1.6pp3.8%within the sector's middle half▼ 5.4pp2.7%within the sector's middle half▼ 1.1pp12.3%above the sector's middle half▲ 9.6pp
abovewithinbelowthe middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 13,561% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €28.2m
39.5%
60.5%
Fixed assets€11.1m ▲ 15.0%
Current assets€17.0m ▲ 5.1%
Equity and liabilities €28.2m
99.7%
Equity€28.1m ▲ 11.4%
Debt€84,896 ▼ 87.6%
Debt's share of the balance-sheet total falls from 2.6% to 0.3%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
ROE
12.3%▲
2024 · 2.8%
Debt ≤ 1 year
€84,896▼
2024 · €686,827
Income taxes
€906,201▲
2024 · €484
A ratio outside any meaningful range has been withheld (balance sheet total €28.2m, equity €28.1m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accountsAs filed with the NBB · 2025 against 2024 · 64 lines
Balance sheetCode20242025
Assets
Total assets20/58€25.9m€28.2m▲
Fixed assets21/28€9.7m€11.1m▲
Tangible fixed assets22/27€3.9m€5.4m▲
Land and buildings22-€4.3m
Other tangible fixed assets26€3.9m€1.1m▼
Financial fixed assets28€5.7m€5.7m=
Affiliated companies280/1€5.7m€5.7m=
Participating interests280€5.7m€5.7m=
Current assets29/58€16.2m€17.0m▲
Amounts receivable after more than one year29€16.2m€15.4m▼
Other amounts receivable291€16.2m€15.4m▼
Amounts receivable within one year40/41€15,247€1.6m▲
Trade receivables40€197€11,968▲
Other amounts receivable41€15,050€1.6m▲
Cash at bank and in hand54/58€35,551-
Deferred charges and accrued income490/1€12,372€52,487▲
Equity and liabilities
Total equity and liabilities10/49€25.9m€28.2m▲
Equity10/15€25.2m€28.1m▲
Contributions10/11€971,660€971,660=
Capital10€951,758€951,758=
Issued capital100€951,758€951,758=
Outside capital11€19,902€19,902=
Share premium1100/10€19,902€19,902=
Revaluation surpluses12€3.8m€3.2m▼
Reserves13€20.5m€20.5m=
Non-distributable reserves130/1€10.3m€10.3m=
Legal reserve130€95,176€95,176=
Financial assistance1313€10.2m€10.2m=
Tax-exempt reserves132€662,316€662,316=
Distributable reserves133€9.5m€9.5m=
Profit (loss) carried forward14-€3.5m
Amounts payable17/49€686,870€84,896▼
Amounts payable within one year42/48€686,827€84,896▼
Trade debts44€3,219€3,695▲
Suppliers440/4€3,219€3,695▲
Taxes, remuneration and social security45-€81,201
Taxes450/3-€81,201
Other amounts payable47/48€683,608-
Accrued charges and deferred income492/3€43-
Income statementCode20242025
Operating income70/76A€378,078€4.4m▲
Turnover70€143,614€143,614=
Other operating income74€234,465€283,924▲
Non-recurring operating income76A-€4.0m
Operating charges60/66A€348,302€375,305▲
Services and other goods61€344,319€360,131▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€10,362
Other operating charges640/8€3,983€4,811▲
Operating profit (loss)9901€29,777€4.1m▲
Financial income75/76B€818,026€397,735▼
Recurring financial income75€818,026€397,735▼
Income from current assets751€818,026€397,735▼
Financial charges65/66B€148,856€88,211▼
Recurring financial charges65€148,856€88,211▼
Debt charges650€71,303€45,307▼
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€77,510€42,140▼
Other financial charges652/9€43€765▲
Profit (loss) for the period before taxes9903€698,947€4.4m▲
Income taxes67/77€484€906,201▲
Taxes670/3€484€906,201▲
Profit (loss) for the period9904€698,463€3.5m▲
Profit (loss) for the period to be appropriated9905€698,463€3.5m▲
Appropriation of the result
Profit (loss) to be appropriated9906€698,463€3.5m▲
Transfer to equity691/2€698,463-
To other reserves6921€698,463-
The notes to these accounts (42 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Line
2021
2022
2023
2024
2025
Change
Operating income70/76A
€818,951
€330,808
€376,901
€378,078
€4.4m
▲ 1,075%
Turnover70
€100,723
€100,723
€129,317
€143,614
€143,614
=
Other operating income74
€718,228
€230,086
€247,584
€234,465
€283,924
▲ 21.1%
Non-recurring operating income76A
-
-
-
-
€4.0m
-
Operating charges60/66A
€380,049
€317,511
€452,701
€348,302
€375,305
▲ 7.8%
Goods for resale, raw materials and consumables60
€20,159
-
-
-
-
-
Purchases600/8
€20,159
-
-
-
-
-
Services and other goods61
€358,803
€304,245
€357,536
€344,319
€360,131
▲ 4.6%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630
-
-
-
-
€10,362
-
Provisions for liabilities and charges: additions (uses and reversals)635/8
-
-
-€87,350
-
-
-
Other operating charges640/8
€1,086
€13,266
€15,166
€3,983
€4,811
▲ 20.8%
Non-recurring operating charges66A
-
-
€167,349
-
-
-
Operating profit (loss)9901
€438,902
€13,298
-€75,800
€29,777
€4.1m
▲ 13,561%
Financial income75/76B
€2.3m
€6.3m
€1.4m
€818,026
€397,735
▼ 51.4%
Recurring financial income75
€238,963
€310,203
€1.3m
€818,026
€397,735
▼ 51.4%
Income from current assets751
€238,345
€305,420
€1.3m
€818,026
€397,735
▼ 51.4%
Other financial income752/9
€618
€4,784
-
-
-
-
Non-recurring financial income76B
€2.1m
€6.0m
€92,054
-
-
-
Financial charges65/66B
€75,810
€2.9m
€160,555
€148,856
€88,211
▼ 40.7%
Recurring financial charges65
€75,810
€153,326
€143,335
€148,856
€88,211
▼ 40.7%
Debt charges650
€708
€43,140
€35,705
€71,303
€45,307
▼ 36.5%
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651
€74,711
€110,187
€107,630
€77,510
€42,140
▼ 45.6%
Other financial charges652/9
€391
-
-
€43
€765
▲ 1,658%
Non-recurring financial charges66B
-
€2.8m
€17,220
-
-
-
Profit (loss) for the period before taxes9903
€2.7m
€3.4m
€1.2m
€698,947
€4.4m
▲ 526%
Income taxes67/77
€205
-
€15,258
€484
€906,201
▲ 186,977%
Taxes670/3
€205
-
€15,463
€484
€906,201
▲ 186,977%
Tax adjustments and reversals of tax provisions77
-
-
€205
-
-
-
Profit (loss) for the period9904
€2.7m
€3.4m
€1.1m
€698,463
€3.5m
▲ 397%
Profit (loss) for the period to be appropriated9905
€2.7m
€3.4m
€1.1m
€698,463
€3.5m
▲ 397%
Line
2021
2022
2023
2024
2025
Change
Assets
Total assets20/58
€35.8m
€37.0m
€30.1m
€25.9m
€28.2m
▲ 8.8%
Fixed assets21/28
€15.9m
€10.6m
€9.7m
€9.7m
€11.1m
▲ 15.0%
Tangible fixed assets22/27
€4.2m
€4.2m
€3.9m
€3.9m
€5.4m
▲ 36.8%
Land and buildings22
€217,350
€217,350
-
-
€4.3m
-
Other tangible fixed assets26
€3.9m
€3.9m
€3.9m
€3.9m
€1.1m
▼ 71.7%
Financial fixed assets28
€11.7m
€6.4m
€5.7m
€5.7m
€5.7m
=
Affiliated companies280/1
€11.7m
€6.4m
€5.7m
€5.7m
€5.7m
=
Participating interests280
€11.7m
€6.4m
€5.7m
€5.7m
€5.7m
=
Other financial fixed assets284/8
-
€1,000
-
-
-
-
Amounts receivable and cash guarantees285/8
-
€1,000
-
-
-
-
Current assets29/58
€20.0m
€26.4m
€20.4m
€16.2m
€17.0m
▲ 5.1%
Amounts receivable after more than one year29
€17.9m
€17.7m
€20.2m
€16.2m
€15.4m
▼ 4.7%
Other amounts receivable291
€17.9m
€17.7m
€20.2m
€16.2m
€15.4m
▼ 4.7%
Amounts receivable within one year40/41
€2.1m
€8.7m
€142,590
€15,247
€1.6m
▲ 10,388%
Trade receivables40
€4,150
€14,892
€35,903
€197
€11,968
▲ 5,961%
Other amounts receivable41
€2.1m
€8.7m
€106,687
€15,050
€1.6m
▲ 10,446%
Cash at bank and in hand54/58
€5,353
€17,318
€471
€35,551
-
-
Deferred charges and accrued income490/1
€14,060
€13,387
€12,372
€12,372
€52,487
▲ 324%
Equity and liabilities
Total equity and liabilities10/49
€35.8m
€37.0m
€30.1m
€25.9m
€28.2m
▲ 8.8%
Equity10/15
€35.7m
€36.9m
€24.5m
€25.2m
€28.1m
▲ 11.4%
Contributions10/11
€971,660
€971,660
€971,660
€971,660
€971,660
=
Capital10
€951,758
€951,758
€951,758
€951,758
€951,758
=
Issued capital100
€951,758
€951,758
€951,758
€951,758
€951,758
=
Outside capital11
€19,902
€19,902
€19,902
€19,902
€19,902
=
Share premium1100/10
€19,902
€19,902
€19,902
€19,902
€19,902
=
Revaluation surpluses12
€6.0m
€3.8m
€3.8m
€3.8m
€3.2m
▼ 15.6%
Reserves13
€28.8m
€32.2m
€19.8m
€20.5m
€20.5m
=
Non-distributable reserves130/1
€18.0m
€18.0m
€13.8m
€10.3m
€10.3m
=
Legal reserve130
€95,176
€95,176
€95,176
€95,176
€95,176
=
Financial assistance1313
-
-
€13.7m
€10.2m
€10.2m
=
Other1319
€17.9m
€17.9m
-
-
-
-
Tax-exempt reserves132
€662,316
€662,316
€662,316
€662,316
€662,316
=
Distributable reserves133
€10.1m
€13.5m
€5.3m
€9.5m
€9.5m
=
Profit (loss) carried forward14
-
-
-
-
€3.5m
-
Provisions and deferred taxes16
€87,350
€87,350
-
-
-
-
Provisions for liabilities and charges160/5
€87,350
€87,350
-
-
-
-
Major repairs and maintenance162
€87,350
€87,350
-
-
-
-
Amounts payable17/49
€35,380
€13,245
€5.5m
€686,870
€84,896
▼ 87.6%
Amounts payable within one year42/48
€23,165
€2,803
€5.5m
€686,827
€84,896
▼ 87.6%
Financial debts43
€19
€33
€48
-
-
-
Credit institutions430/8
€19
€33
€48
-
-
-
Trade debts44
€20,775
€2,565
€6,866
€3,219
€3,695
▲ 14.8%
Suppliers440/4
€20,775
€2,565
€6,866
€3,219
€3,695
▲ 14.8%
Taxes, remuneration and social security45
€2,371
€205
€15,463
-
€81,201
-
Taxes450/3
€2,371
€205
€15,463
-
€81,201
-
Other amounts payable47/48
-
-
€5.5m
€683,608
-
-
Accrued charges and deferred income492/3
€12,215
€10,443
-
€43
-
-
Line
2021
2022
2023
2024
2025
Change
Profit (loss) for the period9904
€2.7m
€3.4m
€1.1m
€698,463
€3.5m
▲ 397%
+ Depreciation and write-downs630
-
-
-
-
€10,362
-
Operating cash flow (approximation)
€2.7m
€3.4m
€1.1m
€698,463
€3.5m
▲ 398%
Investment in fixed assets (approximation)
-
€5.3m
€891,611
€0
-€1.5m
-
Change in cash
-
€11,965
-€16,847
€35,080
-
-
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Other statement, waiver of integral reading of demerger proposal
Auditor report, commissaris, EUR
Demerger, partiele splitsing, partiele splitsing
Capital decrease, €57.076,51
Demerger, partiele splitsing, goedkeuring voorstel tot partiële splitsing
Capital decrease, €105.408,8
Capital decrease, €57.076,51
Capital decrease, €105.408,8
Real estate, totality of shares, maintained
Share transfer, WINSOL ACTUELL → WINSOL GROUP
+16 further facts in this act
05-08
State Gazette actCapital & shares · Restructuring
Auditor report · Demerger · Capital decrease27 facts ▸
General meeting, bestuursorgaan dient algemene vergadering en bestuursorgaan van andere vennootschap niet op de hoogte stellen van belangrijke wijziging in activa en passiva tus…
General meeting, afstand van de verslaggeving door de commissaris, een bedrijfsrevisor of gecertificeerd accountant inzake de geruisloze partiële splitsing, akkoord van zowel de…
General meeting, afstand van de verslaggeving door de bestuursorganen inzake de geruisloze partiële splitsing, akkoord van zowel de enige aandeelhouder van de Te Splitsen Vennoo…
General meeting, ontslag van de integrale lezing van het voorstel, aanvaarden de uiteenzetting vervat in het voorstel tot geruisloze partiële splitsing
General meeting, kennisname verslag inzake inbreng in natura opgesteld door het bestuursorgaan van de Verkrijgende Vennootschap, artikelen 7:197 en 7:179 WVV
Auditor report, commissaris, EUR
General meeting, ontslag van de integrale lezing van de verslagen, exemplaar van de verslagen zal samen met een uitgifte van het proces-verbaal neergelegd worden op de griffie v…
Auditor report, 07-07-2026
General meeting, 09-07-2026
Demerger, geruisloze partiële splitsing, vaststelling van de verwezenlijking van de geruisloze partiële splitsing
Capital decrease, €54.691,08
Real estate, garagewerkplaats, met afhangen en grond
Net result drops to €158,632, the lowest in the series; recovery starts the following year.
31-12
FinancialLiquidity times 98current ratio 1342.69
Current ratio from 13.76 to 1342.69; short-term debt falls from €1.4m to €13,867.
24-06
NBB filingAnnual accounts filed
fiscal year 2018 · full schema
19-03
State Gazette actResignations: Michèle Demortier (director) and Sammy bvba (director)
Appointments: Helios (director) and Winso NV (director) · Reappointment: Winsol International (bestuurder, voorzitter van de raad van bestuur en gedelegeerd bestuurder)6 facts ▸
General meeting, 12-07-2018
Director resignation, Michèle Demortier (director)
Director resignation, Sammy bvba (director)
Director appointment, Helios (director)
Director appointment, Winso NV (director)
Director reappointment, Winsol International (bestuurder, voorzitter van de raad van bestuur en gedelegeerd bestuurder)
2018
19-07
NBB filingAnnual accounts filed
fiscal year 2017 · full schema
2017
12-07
NBB filingAnnual accounts filed
fiscal year 2016 · full schema
11-07
State Gazette actPermanent representatives: COSTENOBLE Xavier and SAMMY
Resignation: LUMABEL (director)9 facts ▸
Board meeting, 29-04-2017
Board meeting, 29-04-2017
Permanent representative, COSTENOBLE Xavier
Permanent representative, COSTENOBLE Xavier
Director resignation, LUMABEL (director)
Board composition, WINSOL INTERNATIONAL (director and chair of the board)
Board composition, SAMMY (director and managing director)
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
27 of 27 acts read
Directors · office · real estate
Directors and office
Who runs the company and where it is based. It tells you who you are talking to and whether the address checks out.
Directors
Directors
Who runs the company today and since when, grouped the way the CBE groups its function holders. Many recent board changes are a reason to keep a close eye.
2 directors, 1 in day-to-day management, no change since 2024
Statutory auditor · since 20-09-2019 · perm. rep.: Kevin Defauw
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Location & real estate
Where the company is based and which parcels are linked to its addresses. An address shared by many companies is often a registered-office service.
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
Mandate history
Who held which function and when, per person: one bar per period, from appointment to resignation or to today. An open left edge means the mandate began before the oldest act we hold.
25 people since 2006, 12 in office
Board
Day-to-day management
Statutory auditor
not recently confirmed
began earlier
Mandates per person, with start and end dates
Name
Functions and periods2010201520202025
WINSOL INTERNATIONAL
Bestuurder, voorzitter van de raad van bestuur en gedelegeerd bestuurder, already before 12-07-2018 to date
Bestuurder, voorzitter van de raad van bestuur en gedelegeerd bestuurder, already before 12-07-2018 to date
De vennootschap mag geenszins aan vermogensbeheer of beleggingsadvies doen als bedoeld in de Wetten en Koninklijke Besluiten terzake; De vennootschap zal zich dienen te onthouden…
Full purpose (2 activities)
De vennootschap mag geenszins aan vermogensbeheer of beleggingsadvies doen als bedoeld in de Wetten en Koninklijke Besluiten terzake.
De vennootschap zal zich dienen te onthouden van werkzaamheden die onderworpen zijn aan reglementaire bepalingen voor zover de vennootschap zelf niet aan deze bepalingen voldoet.
Hoofdelijk aansprakelijk voor de schulden die op de dag van de inbreng zeker en opeisbaar zijn en die worden overgedragen aan de Verkrijgende Vennootschap en vo…
Who owns the company and which companies it holds shares in, as the companies file it in their annual accounts. It shows which group it belongs to and who ultimately stands behind it.
According to the 2025 annual accounts of WINSOL GROUP and those of the other companies, the acts in the Belgian Gazette and the LEI register.
The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
Connections & network
Which other companies are linked to this one through directors or shares. Look especially for linked companies in trouble.
3 connected companies
Depth
Shared directors
This companyCompanyDirectorShareholding+N: links not shown yetClick a node to look further, drag to arrange, scroll to zoom.
Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 3,635 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Company details
The company's official details: legal form, status, activities and founding date. Useful to draw up an invoice or contract correctly.
Identification
Legal formPublic limited company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID0208:0402775573
Also9925:BE0402775573
Registered19-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.