ACTIVE

Winbalu

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Financial year 2025 · Closed on 31/12/2025

Net result
70,3 k €
-40,3 %over 1 year
Gross margin
1,7 M €
+18,9 %over 1 year
Equity
1,6 M €
+4,7 %over 1 year
Workforce
21,0 ETP
-6,2 %over 1 year

Identity

Source · BCE/KBO

Winbalu is a Public limited company incorporated in 1986. Its main activity is: Manufacture of doors and windows of metal. Its registered office is in Ardooie. It employs on average 21,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0428.475.526
Incorporation
03/02/1986
Legal form
Public limited company
Registered office
Steenovenstraat 2
8850 Ardooie · FlandreSee on map
Contributed capital
1 385 000,00 €
Latest accounts
31/12/2025
Average workforce
21,0 ETP
Joint committees (2)
  • 111
  • 209
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 21 filings

Trend over 20 financial years

20252024202320222021
Income statement
Gross margin1,7 M €1,5 M €1,2 M €949,1 k €684,5 k €
EBITDA251,9 k €150,8 k €147,1 k €-29,9 k €-382,2 k €
Operating result154,3 k €172,2 k €66,6 k €-120 k €-597,7 k €
Net result70,3 k €117,7 k €6,5 k €-172,7 k €-632,6 k €
Balance sheet
Equity1,6 M €1,5 M €1,4 M €1,4 M €1,6 M €
Total assets2,7 M €2,9 M €2,2 M €2,3 M €2,2 M €
Cash898,1 €740,8 k €30,4 k €60,4 k €40,3 k €
Debts1,1 M €1,4 M €756,2 k €933,8 k €684,8 k €
Other
Workforce21,0 ETP22,4 ETP20,7 ETP19,9 ETP21,5 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 43 ended

Active mandates

SUFINA

Chairman of the board of directors · since 29 novembre 2023 · until 22 juin 2029 · 0436.303.030

Represented by Jochen Moortgat

Active
WINSOL INTERNATIONAL

Managing director · since 29 novembre 2023 · until 22 juin 2029 · 0881.531.248

Represented by Xavier Costenoble

Active

Ended mandates

SOCADAN

Director · since 29 novembre 2023 · until 22 juin 2029 · 0840.602.988

Represented by Carlos Wanzeele

Ended
HELIOS TRADING

Director · since 12 juillet 2018 · until 15 mai 2024 · 0418.954.480

Represented by BVBA Imaval

Ended
HELIOS TRADING

Director · since 12 juillet 2018 · until 17 mai 2024 · 0418.954.480

Represented by BV Imaval

Ended
WINSOL

Director · since 12 juillet 2018 · until 29 novembre 2023 · 0426.996.671

Represented by Francis Delabie

Ended

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date01/07/202603/07/202509/07/202405/07/202306/07/202213/07/2021
General meeting26/06/202627/06/202528/06/202430/06/202327/06/202225/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202526/06/202601/07/2026DutchPDF
Abridged model31/12/202427/06/202503/07/2025DutchPDF
Abridged model31/12/202328/06/202409/07/2024DutchPDF
Abridged model31/12/202230/06/202305/07/2023DutchPDF
Abridged model31/12/202127/06/202206/07/2022DutchPDF
Abridged model31/12/202025/06/202113/07/2021DutchPDF
Full model31/12/201909/10/202013/10/2020DutchPDF
Full modelCorrection31/12/201829/05/201926/08/2019DutchPDF
Full model31/12/201829/05/201924/06/2019DutchPDF
Full model31/12/201712/07/201819/07/2018DutchPDF
Full model31/12/201627/06/201712/07/2017DutchPDF
Full model31/12/201528/06/201612/07/2016FrenchPDF
Full model31/12/201415/05/201526/06/2015FrenchPDF
Full model31/12/201316/05/201411/06/2014FrenchPDF
Full model31/12/201217/05/201303/07/2013FrenchPDF
Full model31/12/201118/05/201214/06/2012FrenchPDF
Full model31/12/201020/05/201116/06/2011FrenchPDF
Full model31/12/200921/05/201021/06/2010FrenchPDF
Full model31/12/200815/05/200915/06/2009FrenchPDF
Full model31/12/200716/05/200823/06/2008FrenchPDF
Full model31/12/200618/05/200714/06/2007DutchPDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 43 ended

Active mandates

SUFINA

Chairman of the board of directors · since 29 novembre 2023 · until 22 juin 2029 · 0436.303.030

Represented by Jochen Moortgat

Active
WINSOL INTERNATIONAL

Managing director · since 29 novembre 2023 · until 22 juin 2029 · 0881.531.248

Represented by Xavier Costenoble

Active

Ended mandates

SOCADAN

Director · since 29 novembre 2023 · until 22 juin 2029 · 0840.602.988

Represented by Carlos Wanzeele

Ended
HELIOS TRADING

Director · since 12 juillet 2018 · until 15 mai 2024 · 0418.954.480

Represented by BVBA Imaval

Ended
HELIOS TRADING

Director · since 12 juillet 2018 · until 17 mai 2024 · 0418.954.480

Represented by BV Imaval

Ended
WINSOL

Director · since 12 juillet 2018 · until 29 novembre 2023 · 0426.996.671

Represented by Francis Delabie

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates24/07/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates30/12/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares15/07/2024
    KAPITAAL - AANDELEN - DIVERSEN
    PDF
  • Mandates20/03/2024
    DOEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates22/02/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/04/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/03/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/03/2020
    ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 202570,3 k €↓
  2. 2024
    Annual accounts 2024117,7 k €↑
  3. 2023
    Annual accounts 20236,5 k €↑
  4. 2022
    Annual accounts 2022-172,7 k €↑
  5. 2021
    Annual accounts 2021-632,6 k €↓
  6. 2020
    Annual accounts 2020-168,5 k €↓
  7. 2019
    Annual accounts 2019379,1 k €↑
  8. 2018
    Annual accounts 201898,3 k €↑
  9. 2017
    Annual accounts 2017-1,2 M €↓
  10. 2016
    Annual accounts 201650,6 k €↓
  11. 2016
    Name changeWINBALU
  12. 2015
    Annual accounts 201569,5 k €↓
  13. 2014
    Annual accounts 201472,1 k €↓
  14. 2013
    Annual accounts 201377,3 k €↓
  15. 2012
    Annual accounts 201284,5 k €↓
  16. 2011
    Annual accounts 2011457,4 k €↑
  17. 2010
    Annual accounts 201014 k €↑
  18. 2009
    Annual accounts 20096,1 k €↓
  19. 2008
    Annual accounts 200833,5 k €↓
  20. 2007
    Annual accounts 2007186,8 k €↓
  21. 2006
    Annual accounts 2006551,7 k €
  22. 2006
    Name changeRENOROL
  23. 03/02/1986
    IncorporationPublic limited company