ACTIVE

Window Project

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Financial year 2025 · closed on 31/03/2025

Net result

50,6 k €

-33.0% YoY

Gross margin

571,6 k €

+6.4% YoY

Equity

212,5 k €

+31.3% YoY

Workforce

7,7 ETP

+10.0% YoY

What does Window Project do?

Window Project is a Private limited company incorporated in 2001. Its main activity is: Manufacture of doors and windows of metal. Its registered office is in Menen. It employs on average 7,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0475.085.808

Incorporation

26/06/2001

Legal form

Private limited company

Registered office

Krommebeekstraat 36 box A
8930 Menen · FlandreSee on map

Contributed capital

214 000,00 €

Latest accounts

31/03/2025

Average workforce

7,7 ETP

Activities (NACE)

25120Manufacture of doors and windows of metal· main 25120Manufacture of doors and windows of metal 43320Joinery installation 43320Joinery installation 43320Joinery installation 43320Joinery installation

Joint committees (2)

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2018		2017		2016		2015		2014		2013		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	571,6 k €	+6.4%	537,4 k €	+44.4%	372,3 k €	+0.8%	369,3 k €	-36.0%	577,3 k €	-40.0%	962,6 k €	+88.7%	510,2 k €	+24.7%	409,0 k €	-8.4%	446,5 k €	+55.4%	287,4 k €	+84.1%	156,1 k €	+35.2%	115,5 k €	+1290%	8,3 k €	-50.9%	16,9 k €	-34.5%	25,8 k €	+178%	9,3 k €	+169%	3,5 k €	-64.5%	9,7 k €
EBITDA	89,8 k €	-24.6%	119,2 k €	+246%	-81,4 k €	-320%	37,0 k €	+21.1%	30,5 k €	-58.9%	74,3 k €	-16.9%	89,4 k €	-10.7%	100,2 k €	-6.2%	106,8 k €	+20.1%	88,9 k €	+38.7%	64,1 k €	+27.0%	50,5 k €	+574%	7,5 k €	-53.6%	16,2 k €	-34.2%	24,5 k €	+198%	8,2 k €	+246%	2,4 k €	-72.9%	8,8 k €
Operating result	73,9 k €	-27.0%	101,2 k €	+198%	-103,5 k €	-1638%	6,7 k €	+726%	814,7 €	-92.4%	10,8 k €	-63.9%	29,9 k €	-8.7%	32,7 k €	-30.4%	47,0 k €	+53.1%	30,7 k €	+86.1%	16,5 k €	+87.6%	8,8 k €	+17.4%	7,5 k €	-53.6%	16,2 k €	-34.2%	24,5 k €	+500%	4,1 k €	+333%	-1,8 k €	-146%	3,8 k €
Net result	50,6 k €	-33.0%	75,5 k €	+156%	-135,7 k €	-672%	-17,6 k €	-40.2%	-12,5 k €	+52.2%	-26,3 k €	-959%	3,1 k €	-80.3%	15,5 k €	-29.7%	22,1 k €	+120%	10,1 k €	-16.8%	12,1 k €	+165%	4,6 k €	+7.3%	4,3 k €	-67.7%	13,2 k €	-5.8%	14,0 k €	+2095%	637,5 €	+112%	-5,1 k €	-167%	-1,9 k €
Balance sheet
Equity	212,5 k €	+31.3%	161,9 k €	+87.4%	86,4 k €	-61.1%	222,1 k €	-7.3%	239,7 k €	-5.0%	252,2 k €	+185%	88,5 k €	+3.6%	85,4 k €	+22.2%	69,9 k €	+46.3%	47,8 k €	+26.6%	37,7 k €	+47.1%	25,7 k €	+21.6%	21,1 k €	+25.3%	16,8 k €	+360%	3,7 k €	+135%	-10,3 k €	+5.8%	-11,0 k €	-87.6%	-5,8 k €
Total assets	1,1 M €	+8.0%	1,0 M €	+6.4%	947,1 k €	+14.3%	828,5 k €	-1.9%	844,5 k €	-5.0%	888,8 k €	-12.5%	1,0 M €	+2.3%	992,8 k €	-5.6%	1,1 M €	+55.2%	677,8 k €	+21.9%	556,2 k €	+122%	251,0 k €	+266%	68,5 k €	+16.8%	58,6 k €	+17.9%	49,7 k €	-35.0%	76,5 k €	+6.8%	71,6 k €	-15.2%	84,5 k €
Cash	41,6 k €	-9.1%	45,7 k €	-4.4%	47,8 k €	+29.4%	36,9 k €	+22.9%	30,0 k €	-68.5%	95,5 k €	-19.4%	118,4 k €	-31.6%	173,1 k €	+164%	65,6 k €	+29.1%	50,8 k €	-8.2%	55,4 k €	+3759%	1,4 k €	-97.7%	61,1 k €	+26.0%	48,5 k €	+89.6%	25,6 k €	+10120%	250,3 €	+3.7%	241,4 €	-92.3%	3,1 k €
Debts	875,4 k €	+3.5%	845,4 k €	-1.8%	860,7 k €	+41.9%	606,4 k €	+0.3%	604,8 k €	-5.0%	636,6 k €	-30.9%	921,3 k €	+2.1%	902,2 k €	-7.7%	977,7 k €	+56.1%	626,5 k €	+21.5%	515,8 k €	+131%	223,5 k €	+402%	44,5 k €	+14.3%	38,9 k €	-10.4%	43,4 k €	-50.0%	86,8 k €	+5.1%	82,6 k €	-8.6%	90,4 k €
Other
Workforce	7,7 ETP	+10.0%	7,0 ETP	-10.3%	7,8 ETP	+25.8%	6,2 ETP	-39.2%	10,2 ETP	+5.2%	9,7 ETP	+14.1%	8,5 ETP	+34.9%	6,3 ETP	-14.9%	7,4 ETP	+80.5%	4,1 ETP	+95.2%	2,1 ETP	+110%	1,0 ETP		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 1 active · 9 ended

Active mandates

Stefaan Depaepe

Director

Active

Ended mandates

Grégory DEPAEPE

Manager · since 01 janvier 2012

Ended

Lieve PAUWELS

Manager · since 01 janvier 2009

Ended

Gregory Depaepe

Director · until 31 mai 2020

Ended

Gregory Depaepe

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Bemepro● Active	0844.962.644
GroepPauwels - Vastgoed● Active	0778.262.672

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/07/2018
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	21 months
Filing date	30/10/2025	31/10/2024	20/03/2024	31/10/2022	04/11/2021	05/10/2020
General meeting	20/09/2025	25/06/2024	16/09/2023	17/09/2022	18/09/2021	19/09/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/03/2025	20/09/2025	30/10/2025	Dutch	PDF
Abridged modelCorrection	31/03/2024	25/06/2024	31/10/2024	Dutch	PDF
Abridged model	31/03/2024	25/06/2024	26/06/2024	Dutch	PDF
Abridged model	31/03/2023	16/09/2023	20/03/2024	Dutch	PDF
Abridged model	31/03/2022	17/09/2022	31/10/2022	Dutch	PDF
Abridged model	31/03/2021	18/09/2021	04/11/2021	Dutch	PDF
Abridged model	31/03/2020	19/09/2020	05/10/2020	Dutch	PDF
Abridged model	30/06/2018	07/12/2018	30/01/2019	Dutch	PDF
Abridged model	30/06/2017	01/12/2017	31/01/2018	Dutch	PDF
Abridged model	30/06/2016	02/12/2016	24/01/2017	Dutch	PDF
Abridged model	30/06/2015	06/12/2015	04/01/2016	Dutch	PDF
Abridged model	30/06/2014	05/12/2014	09/12/2014	Dutch	PDF
Abridged model	30/06/2013	06/12/2013	07/02/2014	Dutch	PDF
Abridged model	31/12/2011	15/06/2012	11/08/2012	Dutch	PDF
Abridged model	31/12/2010	17/06/2011	21/06/2011	Dutch	PDF
Abridged model	31/12/2009	18/06/2010	31/08/2010	Dutch	PDF
Abridged model	31/12/2008	19/06/2009	31/08/2009	Dutch	PDF
Abridged model	31/12/2007	20/06/2008	30/08/2008	Dutch	PDF
Abridged model	31/12/2006	15/06/2007	28/09/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 31/03/2025 · 1 active · 9 ended

Active mandates

Stefaan Depaepe

Director

Active

Ended mandates

Grégory DEPAEPE

Manager · since 01 janvier 2012

Ended

Lieve PAUWELS

Manager · since 01 janvier 2009

Ended

Gregory Depaepe

Director · until 31 mai 2020

Ended

Gregory Depaepe

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/09/2020
ONTSLAGEN - BENOEMINGEN
PDF
Other27/03/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates09/07/2019
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Other11/01/2013
BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office01/03/2012
BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office09/04/2009
MAATSCHAPPELIJKE ZETEL
PDF
Mandates08/01/2009
ONTSLAGEN - BENOEMINGEN
PDF
Registered office04/04/2005
MAATSCHAPPELIJKE ZETEL
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 202550,6 k €↓
2024
Annual accounts 202475,5 k €↑
2023
Annual accounts 2023-135,7 k €↓
2022
Annual accounts 2022-17,6 k €↓
2021
Annual accounts 2021-12,5 k €↑
2020
Annual accounts 2020-26,3 k €↓
2018
Annual accounts 20183,1 k €↓
2017
Annual accounts 201715,5 k €↓
2016
Annual accounts 201622,1 k €↑
2015
Annual accounts 201510,1 k €↓
2014
Annual accounts 201412,1 k €↑
2013
Annual accounts 20134,6 k €↑
2011
Annual accounts 20114,3 k €↓
2010
Annual accounts 201013,2 k €↓
2009
Annual accounts 200914,0 k €↑
2008
Annual accounts 2008637,5 €↑
2007
Annual accounts 2007-5,1 k €↓
2006
Annual accounts 2006-1,9 k €
26/06/2001
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

Window Project

Overview

What does Window Project do?

Trend over 18 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