ACTIVE

WINDBAG

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Financial year 2025 · closed on 31/12/2025

Net result

37 k €

-46.1% YoY

Gross margin

213,2 k €

-20.0% YoY

Equity

330,2 k €

+12.6% YoY

What does WINDBAG do?

WINDBAG is a Private limited company incorporated in 1984. Its registered office is in Uccle.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0426.704.483

Incorporation

27/12/1984

Legal form

Private limited company

Registered office

Rue Victor Allard 88
1180 Uccle · BruxellesSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	213,2 k €	-20.0%	266,4 k €	+4.4%	255,1 k €	+44.6%	176,4 k €	+40.9%	125,2 k €	+75.4%	71,4 k €	-18.5%	87,6 k €	-67.2%	267,2 k €	-7.5%	289 k €	+104%	141,4 k €	+17.2%	120,7 k €	-32.4%	178,4 k €	+15.4%	154,6 k €	-5.1%	163 k €	+29.3%	126 k €	+133%	54 k €	-54.2%	117,7 k €	-3.2%	121,7 k €	+64.3%	74 k €	-51.7%	153,4 k €
EBITDA	78,9 k €	-41.9%	136 k €	+54.3%	88,1 k €	-49.3%	173,7 k €	+42.0%	122,3 k €	+77.8%	68,8 k €	-18.6%	84,5 k €	-67.9%	263,1 k €	-5.5%	278,6 k €	+103%	137,3 k €	+18.2%	116,1 k €	-32.0%	170,7 k €	+13.2%	150,8 k €	-5.4%	159,4 k €	+36.9%	116,4 k €	+127%	51,3 k €	-53.1%	109,3 k €	-4.1%	114 k €	+67.4%	68,1 k €	-54.6%	150,1 k €
Operating result	62,8 k €	-48.6%	122,2 k €	+67.2%	73 k €	-54.5%	160,5 k €	+195%	54,4 k €	+115%	25,3 k €	+249%	-16,9 k €	-111%	160,4 k €	+9.1%	147,1 k €	+1890%	-8,2 k €	+71.6%	-29 k €	-210%	26,3 k €	+829%	-3,6 k €	-173%	5 k €	+114%	-35 k €	+22.7%	-45,3 k €	-311%	21,5 k €	-8.8%	23,6 k €	+788%	-3,4 k €	-106%	59,5 k €
Net result	37 k €	-46.1%	68,7 k €	+87.9%	36,5 k €	-66.1%	107,7 k €	+181%	38,3 k €	+374%	8,1 k €	+126%	-31,5 k €	-123%	135,5 k €	+3.1%	131,5 k €	+570%	-27,9 k €	+44.1%	-50 k €	-2892%	1,8 k €	+110%	-17,3 k €	-19.4%	-14,5 k €	+75.4%	-58,9 k €	+42.9%	-103,1 k €	-7472%	1,4 k €	-24.0%	1,8 k €	+125%	-7,3 k €	-124%	30,2 k €
Balance sheet
Equity	330,2 k €	+12.6%	293,2 k €	+30.6%	224,6 k €	+19.4%	188,1 k €	+134%	80,3 k €	+91.1%	42 k €	+23.8%	34 k €	-48.1%	65,4 k €	+193%	-70,1 k €	+65.2%	-201,5 k €	-16.1%	-173,6 k €	-40.4%	-123,6 k €	+1.4%	-125,4 k €	-16.0%	-108,1 k €	-15.5%	-93,6 k €	-170%	-34,6 k €	-151%	68,5 k €	+11.5%	61,4 k €	+3.1%	59,6 k €	-10.8%	66,8 k €
Total assets	723,4 k €	+12.6%	642,6 k €	+2.0%	629,8 k €	-0.1%	630,3 k €	+26.4%	498,6 k €	-0.6%	501,6 k €	-11.0%	563,3 k €	-21.2%	714,8 k €	-1.3%	724 k €	-9.8%	803 k €	-9.2%	884,6 k €	-18.7%	1,1 M €	-3.6%	1,1 M €	-17.9%	1,4 M €	+2.1%	1,3 M €	-7.8%	1,5 M €	+35.1%	1,1 M €	+2.2%	1,1 M €	-9.7%	1,2 M €	+80.2%	648,8 k €
Cash	417,7 k €	-16.9%	502,8 k €	+4.7%	480,2 k €	+6.1%	452,5 k €	+28.9%	351 k €	+30.3%	269,3 k €	-8.7%	295 k €	-3.9%	307,1 k €	+66.0%	185 k €	-30.0%	264,1 k €	+73.9%	151,9 k €	-29.3%	214,7 k €	+46.6%	146,5 k €	+6.3%	137,8 k €	+93.5%	71,2 k €	-53.9%	154,4 k €	+4.8%	147,4 k €	-24.3%	194,7 k €	-52.1%	406,7 k €	+72.9%	235,1 k €
Debts	387 k €	+10.8%	349,4 k €	-8.9%	383,4 k €	+3.4%	370,8 k €	-10.4%	413,9 k €	-9.9%	459,5 k €	-13.2%	529,3 k €	-18.5%	649,3 k €	-17.7%	789,2 k €	-21.0%	999,6 k €	-5.4%	1,1 M €	-12.2%	1,2 M €	-3.8%	1,3 M €	-15.5%	1,5 M €	+3.2%	1,4 M €	-3.9%	1,5 M €	+47.7%	1 M €	+1.6%	994,6 k €	-9.7%	1,1 M €	+92.0%	573,4 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

BENOIT DALLEMAGNE

Director

Active

Ended mandates

BENOIT DALLEMAGNE

Manager

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	07/05/2026	08/08/2025	22/08/2024	26/07/2023	29/08/2022	09/11/2021
General meeting	08/04/2026	25/06/2025	16/06/2024	18/06/2023	30/06/2022	30/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	08/04/2026	07/05/2026	French	PDF
Micro model	31/12/2024	25/06/2025	08/08/2025	French	PDF
Micro model	31/12/2023	16/06/2024	22/08/2024	French	PDF
Micro model	31/12/2022	18/06/2023	26/07/2023	French	PDF
Micro model	31/12/2021	30/06/2022	29/08/2022	French	PDF
Micro model	31/12/2020	30/06/2021	09/11/2021	French	PDF
Micro model	31/12/2019	30/06/2020	02/09/2020	French	PDF
Micro model	31/12/2018	28/06/2019	29/08/2019	French	PDF
Micro model	31/12/2017	14/05/2018	10/08/2018	French	PDF
Micro model	31/12/2016	15/05/2017	24/08/2017	French	PDF
Abridged model	31/12/2015	16/05/2016	04/08/2016	French	PDF
Abridged model	31/12/2014	20/06/2015	18/08/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	08/08/2014	French	PDF
Abridged model	31/12/2012	07/06/2013	27/08/2013	French	PDF
Abridged model	31/12/2011	30/06/2012	28/08/2012	French	PDF
Abridged model	31/12/2010	28/06/2011	31/08/2011	French	PDF
Abridged model	31/12/2009	30/06/2010	31/08/2010	French	PDF
Abridged model	31/12/2008	14/05/2009	28/08/2009	French	PDF
Abridged model	31/12/2007	09/06/2008	11/06/2008	French	PDF
Abridged model	31/12/2006	04/06/2007	13/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

BENOIT DALLEMAGNE

Director

Active

Ended mandates

BENOIT DALLEMAGNE

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/12/2023
MODIFICATION FORME JURIDIQUE - DENOMINATION - OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates28/03/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates05/06/2008
DEMISSIONS, NOMINATIONS
PDF
Capital / shares20/04/2004
CAPITAL, ACTIONS - DIVERS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202537 k €↓
2024
Annual accounts 202468,7 k €↑
2023
Annual accounts 202336,5 k €↓
2023
Name changeWINDBAG
2022
Annual accounts 2022107,7 k €↑
2021
Annual accounts 202138,3 k €↑
2021
Name changeWIND BAG
2020
Annual accounts 20208,1 k €↑
2019
Annual accounts 2019-31,5 k €↓
2018
Annual accounts 2018135,5 k €↑
2017
Annual accounts 2017131,5 k €↑
2016
Annual accounts 2016-27,9 k €↑
2015
Annual accounts 2015-50 k €↓
2014
Annual accounts 20141,8 k €↑
2013
Annual accounts 2013-17,3 k €↓
2012
Annual accounts 2012-14,5 k €↑
2011
Annual accounts 2011-58,9 k €↑
2010
Annual accounts 2010-103,1 k €↓
2009
Annual accounts 20091,4 k €↓
2008
Annual accounts 20081,8 k €↑
2007
Annual accounts 2007-7,3 k €↓
2006
Annual accounts 200630,2 k €
27/12/1984
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

WINDBAG

Overview

What does WINDBAG do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline