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Windels Engineering and Projects

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Financial year 2026 · closed on 31/03/2026

Net result

12,2 k €

+34.6% YoY

Gross margin

33,1 k €

+77.0% YoY

Equity

112,3 k €

-4.9% YoY

What does Windels Engineering and Projects do?

Windels Engineering and Projects is a Private limited company incorporated in 2011. Its main activity is: Management consultancy activities. Its registered office is in Gent.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0840.710.480

Incorporation

27/10/2011

Legal form

Private limited company

Registered office

Begijnhoflaan 434
9000 Gent · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

31/03/2026

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2026		2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013
Income statement
Gross margin	33,1 k €	+77.0%	18,7 k €	+19.7%	15,6 k €	-46.6%	29,2 k €	-55.5%	65,6 k €	+116%	30,3 k €	+5.0%	28,9 k €	-10.8%	32,4 k €	-47.3%	61,5 k €	+21.4%	50,7 k €	+66.1%	30,5 k €	+9.8%	27,8 k €	+24.0%	22,4 k €	-31.0%	32,5 k €
EBITDA	24,7 k €	+52.4%	16,2 k €	+39.8%	11,6 k €	-55.7%	26,2 k €	-53.8%	56,7 k €	+135%	24,2 k €	-10.7%	27 k €	-4.3%	28,2 k €	-50.3%	56,8 k €	+26.9%	44,8 k €	+48.8%	30,1 k €	+10.0%	27,4 k €	+25.6%	21,8 k €	-30.5%	31,4 k €
Operating result	16,9 k €	+25.9%	13,4 k €	+44.2%	9,3 k €	-62.0%	24,5 k €	-56.6%	56,4 k €	+133%	24,2 k €	+24.6%	19,4 k €	-1.4%	19,6 k €	-58.8%	47,7 k €	+31.9%	36,2 k €	+61.2%	22,4 k €	-12.1%	25,5 k €	+40.9%	18,1 k €	-29.9%	25,9 k €
Net result	12,2 k €	+34.6%	9,1 k €	+50.4%	6 k €	-65.8%	17,6 k €	-57.0%	41 k €	+128%	18 k €	+37.0%	13,1 k €	+0.7%	13 k €	-70.4%	43,9 k €	+28.7%	34,1 k €	+57.2%	21,7 k €	+16.8%	18,6 k €	+44.4%	12,9 k €	-26.1%	17,4 k €
Balance sheet
Equity	112,3 k €	-4.9%	118 k €	-3.3%	122 k €	-5.4%	129 k €	+11.9%	115,3 k €	+42.9%	80,7 k €	+28.6%	62,7 k €	+4.3%	60,1 k €	-1.6%	61,1 k €	+6.9%	57,2 k €	+3.9%	55,1 k €	+0.0%	55 k €	+51.0%	36,5 k €	+54.5%	23,6 k €
Total assets	140,1 k €	-13.0%	161 k €	+10.9%	145,2 k €	-0.7%	146,2 k €	+2.3%	142,9 k €	+56.5%	91,3 k €	+2.2%	89,3 k €	+0.2%	89,2 k €	-30.8%	128,9 k €	+10.4%	116,8 k €	+41.3%	82,6 k €	-2.6%	84,8 k €	+8.0%	78,6 k €	+92.5%	40,8 k €
Cash	47 k €	-39.5%	77,6 k €	+20.5%	64,4 k €	-12.8%	73,9 k €	+3.6%	71,3 k €	+208%	23,1 k €	-54.9%	51,3 k €	+234%	15,4 k €	-54.7%	33,9 k €	+23.6%	27,5 k €	+11.9%	24,5 k €	-48.0%	47,2 k €	+22.1%	38,7 k €	+107%	18,7 k €
Debts	27,8 k €	-35.3%	43 k €	+85.5%	23,2 k €	+42.4%	16,3 k €	-39.2%	26,8 k €	+174%	9,8 k €	-62.1%	25,8 k €	-8.5%	28,2 k €	-58.0%	67,1 k €	+14.1%	58,8 k €	+118%	26,9 k €	-7.3%	29 k €	-29.5%	41,1 k €	+150%	16,4 k €

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 31/03/2026 · 2 active · 3 ended

Active mandates

Veerle Moerkerke

Director · since 27 octobre 2011

Active

Vincent Windels

Director · since 27 octobre 2011

Active

Ended mandates

Veerle Moerkerke

Director

Ended

Vincent Windels

Director

Ended

Vincent Windels

Manager

Ended

Annual accounts

Full financial information

	2026	2025	2024	2023	2022	2021
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/04/2025	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020
Closing of the financial year	31/03/2026	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	15/06/2026	18/07/2025	04/07/2024	12/06/2023	27/06/2022	04/06/2021
General meeting	15/05/2026	20/06/2025	28/06/2024	19/05/2023	31/05/2022	21/05/2021
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

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/03/2026	15/05/2026	15/06/2026	Dutch	PDF
Micro model	31/03/2025	20/06/2025	18/07/2025	Dutch	PDF
Micro model	31/03/2024	28/06/2024	04/07/2024	Dutch	PDF
Micro model	31/03/2023	19/05/2023	12/06/2023	Dutch	PDF
Micro model	31/03/2022	31/05/2022	27/06/2022	Dutch	PDF
Micro model	31/03/2021	21/05/2021	04/06/2021	Dutch	PDF
Micro model	31/03/2020	15/05/2020	12/06/2020	Dutch	PDF
Micro model	31/03/2019	28/06/2019	18/07/2019	Dutch	PDF
Micro model	31/03/2018	18/05/2018	28/06/2018	Dutch	PDF
Micro model	31/03/2017	19/05/2017	26/06/2017	Dutch	PDF
Abridged model	31/03/2016	20/05/2016	01/07/2016	Dutch	PDF
Abridged model	31/03/2015	15/05/2015	28/05/2015	Dutch	PDF
Abridged model	31/03/2014	16/05/2014	19/08/2014	Dutch	PDF
Abridged model	31/03/2013	17/05/2013	13/06/2013	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 31/03/2026 · 2 active · 3 ended

Active mandates

Veerle Moerkerke

Director · since 27 octobre 2011

Active

Vincent Windels

Director · since 27 octobre 2011

Active

Ended mandates

Veerle Moerkerke

Director

Ended

Vincent Windels

Director

Ended

Vincent Windels

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates30/05/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/05/2019
ONTSLAGEN - BENOEMINGEN
PDF
Other10/11/2011
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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

2026
Annual accounts 202612,2 k €↑
2025
Annual accounts 20259,1 k €↑
2024
Annual accounts 20246 k €↓
2023
Annual accounts 202317,6 k €↓
2022
Annual accounts 202241 k €↑
2021
Annual accounts 202118 k €↑
2020
Annual accounts 202013,1 k €↑
2019
Annual accounts 201913 k €↓
2018
Annual accounts 201843,9 k €↑
2017
Annual accounts 201734,1 k €↑
2016
Annual accounts 201621,7 k €↑
2015
Annual accounts 201518,6 k €↑
2014
Annual accounts 201412,9 k €↓
2013
Annual accounts 201317,4 k €
27/10/2011
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

Windels Engineering and Projects

Overview

What does Windels Engineering and Projects do?

Trend over 14 financial years

Indicative valuation

Board of directors

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