WINGE GOLF
ActiveSummary
WINGE GOLF has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.23M and a net result of €110k. Equity is growing by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 65% of 422 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71=
Solvency75▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €250k at 30 days acceptable
Liquidity short (current ratio 0.89 against 0.66 in 2024; short-term debt: 29.8% and cash: 18.5% of total assets), and 50.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sector 93
lower
← fewer bankruptcies
more bankruptcies →
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
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
49.7%
Return on assets
1.7%
Age of the figures
9 mo
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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
24 d early
2023
14 d early
2022
3 d early
2021
2 d early
2020
2 d early
2019
68 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€110k▼ 8.7%
2024 · €121k
2018: €-8k
2019: €-15k
2020: €110k
2021: €180k
2022: €94k
2023: €102k
2024: €121k
2018 → 2025
Working capital
€-217k▲ 55.0%
2024 · €-482k
2018: €-351k
2019: €-433k
2020: €-553k
2021: €-651k
2022: €-400k
2023: €-144k
2024: €-482k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.81M-€2.90M▲ 3.3%€3.00M▲ 3.5%€3.12M▲ 4.0%€3.23M▲ 3.5%
Operating result€237k-€154k▼ 34.8%€190k▲ 23.1%€191k▲ 0.4%€159k▼ 16.8%
Net result€180k-€94k▼ 47.8%€102k▲ 8.3%€121k▲ 18.4%€110k▼ 8.7%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 17% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.50M
Fixed assets
€4.78M ▼ 4.4%
Current assets
€1.72M ▲ 85.9%
Equity and liabilities €6.50M
Equity
€3.23M ▲ 3.5%
Debt
€3.27M ▲ 16.6%
Debt's share of the balance-sheet total rises from 47.3% to 50.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€481k▼
2024 · €502k
Cash flow
€432k▲
2024 · €432k
Current ratio
0.89▲
2024 · 0.66
Debt to equity
1.01▲
2024 · 0.90
ROE
3.4%▼
2024 · 3.9%
ROA
1.7%▼
2024 · 2.0%
Interest coverage
9.76▲
2024 · 7.12
Debt ≤ 1 year
€1.94M▲
2024 · €1.41M
Debt > 1 year
€1.18M▼
2024 · €1.26M
Income taxes
€167▼
2024 · €175
Staff costs
€568k▲
2024 · €560k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€5.93M€6.50M▲
Fixed assets21/28€5.00M€4.78M▼
Tangible fixed assets22/27€5.00M€4.78M▼
Land and buildings22€4.82M€4.58M▼
Plant, machinery and equipment23€160k€189k▲
Furniture and vehicles24€19k€14k▼
Financial fixed assets28€2k€770▼
Current assets29/58€926k€1.72M▲
Amounts receivable within one year40/41€62k€510k▲
Trade receivables40€51k€500k▲
Other amounts receivable41€11k€11k▲
Cash at bank and in hand54/58€861k€1.20M▲
Deferred charges and accrued income490/1€3k€7k▲
Equity and liabilities
Total equity and liabilities10/49€5.93M€6.50M▲
Equity10/15€3.12M€3.23M▲
Contributions10/11€3.66M€3.66M=
Capital10€3.66M€3.66M=
Issued capital100€3.66M€3.66M=
Profit (loss) carried forward14€-540k€-430k▲
Amounts payable17/49€2.81M€3.27M▲
Amounts payable after more than one year17€1.26M€1.18M▼
Financial debts170/4€1.26M€1.18M▼
Amounts payable within one year42/48€1.41M€1.94M▲
Current portion of amounts payable after more than one year42€167k€167k=
Trade debts44€61k€75k▲
Suppliers440/4€61k€75k▲
Advances received on contracts in progress46€923k€1.38M▲
Taxes, remuneration and social security45€71k€78k▲
Taxes450/3€10k€10k▲
Remuneration and social security454/9€61k€68k▲
Other amounts payable47/48€186k€235k▲
Accrued charges and deferred income492/3€137k€148k▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€560k€568k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€311k€322k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€13k€-13k▼
Other operating charges640/8€32k€43k▲
Gross operating margin9900€1.11M€1.08M▼
Operating profit (loss)9901€191k€159k▼
Financial income75/76B€327€724▲
Recurring financial income75€327€724▲
Financial charges65/66B€70k€49k▼
Recurring financial charges65€70k€49k▼
Profit (loss) for the period before taxes9903€121k€110k▼
Income taxes67/77€175€167▼
Profit (loss) for the period9904€121k€110k▼
Profit (loss) for the period to be appropriated9905€121k€110k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-540k€-430k▲
Profit (loss) brought forward from the previous period14P€-661k€-540k▲
Social balance
Average headcount (FTE)90878.57.9▼
The notes to these accounts (30 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
14-08
State Gazette act
Reappointments: Pascale Carron, Frank Donck and 2 othersPermanent representative: Christopher Morton · Mandate compensation · Power of attorney14 facts ▸
State Gazette act
Reappointments: Pascale Carron, Frank Donck and 2 others
Permanent representative: Christopher Morton · Mandate compensation · Power of attorney14 facts ▸
- General meeting, 15/06/2026
- Board meeting, 15/06/2026
- Director reappointment, Pascale Carron (director)
- Mandate compensation, Pascale Carron
- Director reappointment, Frank Donck (director)
- Mandate compensation, Frank Donck
- Director reappointment, Isabelle Santens (director)
- Mandate compensation, Isabelle Santens
- Director reappointment, Group Ter Wyndt BV (director)
- Permanent representative, Christopher Morton
- Mandate compensation, Christopher Morton
- Power of attorney, Moore Finance & Tax BV
- +2 further facts in this act
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €180k ▲64.2%
Operating result €237k, net result €180k, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €110k
Net result €110k after 2 loss-making years.
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 68 days late
2019
31-12
Financial
Weakest financial yearnet €-15k
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
05-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 5 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
under verification, no change since 2026
This board is reconstructed from a single act (26104667). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Frank DONCK
CurrentDirector · since 15-06-2026
Group Ter Wyndt
CurrentDirector · since 15-06-2026 · Private limited company · perm. rep.: Christopher Morton
Isabelle Santens
CurrentDirector · since 15-06-2026
Pascale Carron
CurrentDirector · since 15-06-2026
15-06-2026
Frank DONCK: Mandate renewed as Director
15-06-2026
Frank DONCK: Mandate renewed as Chair
15-06-2026
Group Ter Wyndt: Mandate renewed as Director
15-06-2026
Group Ter Wyndt: Mandate renewed as Managing director
15-06-2026
Isabelle Santens: Mandate renewed as Director
Location & real-estate footprint
Registered office, Tielt-Winge · 1 establishment unit since 1987
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.
Leuvensesteenweg 2543390 Tielt-WingeGround area
1.2 ha
Building footprint
1,986 m²
Volume, LiDAR
10,349 m³
Parcel 24101B0161/00K000, Flanders · tallest building 40.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
WINGE GOLF NV
since 19872.031.589.675
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24101B0161/00K000 | Flanders | 1.2 ha | 1 · 1,986 m² | 40.2 m · 2 fl. |
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.
Structure & network
Connections & network
19 connected companiesLinked via shared directors
via Frank DONCK · Managing director
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via Frank DONCK · Director
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via Frank DONCK · Director
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via Frank DONCK · Permanent representative
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Show 15 more companies with a shared director
via Frank DONCK · Director
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via Frank DONCK · Lid van de raad van toezicht
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via Frank DONCK · Director
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via Frank DONCK · Independent director
former→
via Frank DONCK · Independent director
former→
via Frank DONCK
former→
via Frank DONCK · Independent director
former→
via Frank DONCK · Director
former→
via Frank DONCK
former→
via Frank DONCK · Director
former→
via Frank DONCK · Director
former→
via Frank DONCK · Director
former→
via Frank DONCK · Director
former→
via Frank DONCK · Director
former→
via Frank DONCK · Director
former→
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Of 3,292 companies in sector 93110 we hold annual accounts for 1,495. 533 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded26-10-1987
Fiscal year end31-12
Activities, NACEBEL 2025
93110Operation of sports facilities
56220Contract catering and other food service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.