Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 116.5 to 87.1.
Financials
Financial year 2025
WINSOL from Izegem, company number BE0426996671, closed financial year 2025 with a result of € 1.1 million after tax. For that financial year WINSOL recorded revenue of € 72.3 million and equity of € 5.7 million. Compared with financial year 2024, the result moved from € 266,648 to € 1.1 million. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 1, 2026.
€ 5.7 million
▲ 24% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.1 million
▲ € 822,112 vs 2024
Profit after tax over the fiscal year.
€ 4.7 million
▲ 24% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 4.7 million.
People and assets in 2025
87.1
▼ 19 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 7.5 million
▼ 10% vs 2024
€ 86,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 197,390
▲ 46% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.5 million
Loans from banks and other lenders, long and short.
€ 5.3 million
▼ 16% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 29 days on average.
€ 1.7 million
▼ 14% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 83,607,843 | € 86,004,135 | € 75,245,339 | € 72,272,078 | ▼ 4% |
| Profit after taxes | € 2,442,937 | € 3,065,310 | € 266,648 | € 1,088,760 | ▲ € 822,112 |
| Equity | € 3,164,559 | € 4,308,391 | € 4,575,039 | € 5,663,799 | ▲ 24% |
| Total debts | € 23,604,542 | € 13,014,421 | € 13,233,672 | € 12,956,474 | ▼ 2% |
| Cash | € 418,532 | € 143,598 | € 3,816,803 | € 4,726,427 | ▲ 24% |
| Retained profit | € 2,233,696 | € 3,377,528 | € 3,644,176 | € 4,732,936 | ▲ 30% |
| Dividend | € 1,881,883 | € 1,921,478 | € 0 | € 0 | |
| Bank debt | € 4,509,157 | € 1,524,611 | € 1,500,000 | € 1,500,000 | |
| Balance sheet total | € 26,919,100 | € 17,650,668 | € 18,094,461 | € 18,851,403 | ▲ 4% |
| Employees (FTE) | 120.6 | 116.5 | 106.1 | 87.1 | ▼ 19 |
Key figures of WINSOL, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to WINSOL?
What happened at WINSOL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Winsol International NV stepped down as director. NBB
- Saliks Consulting BV stepped down as director. NBB
- Sufina BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.1 million (▲ € 822,112 vs 2024). Source: NBB ↗
- Saliks Consulting BV became a director. NBB
- Winsol International NV became a director. NBB
- Sufina BV became a director. NBB
- New establishment in Antwerpen. KBO
In short
From € 2.4 million profit in 2022 to € 1.1 million profit in 2025.
Paid € 1.7 million in corporate taxes since 2022.
Best year ever: 2023, with € 3.1 million profit.
Paid out € 3.8 million in dividends to the owners in total.
Management
The stake of WINSOL INTERNATIONAL comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
WINSOLThe shares are held by WINSOL INTERNATIONAL (100%).
Directors
According to the 2025 annual accounts
Managing director · represented by Xavier Costenoble
Also active at: WINSOL GROUP, WINSOL INDUSTRIES, HELIOS TRADING, Winbalu, WINSOL ACTUELL
since 2023 · until 2029
Director · represented by Sophie Verfaillie
since 2024 · until 2029
Chairman of the board · represented by Jochen Moortgat
Also active at: WINSOL GROUP, WINSOL INDUSTRIES, De Groote Gaston, HELIOS TRADING, Winbalu, Astrix, BOUWBEDRIJF VMG - DE COCK, VMG - DE COCK WERKHUIZEN EN LOGISTIEK +21 more
since 2023 · until 2029
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Roeselaarsestraat 542
8870 Izegem
Boomsesteenweg 70
2630 Aartselaar
Active since 1 May 1985
Natiënlaan 206
8300 Knokke-Heist
Active since 10 February 1989
Kortrijksesteenweg 1236
9051 Gent
Active since 23 January 2002
Torhoutsesteenweg 626
8400 Oostende
Active since 13 February 1989
Leuvensesteenweg 710
1930 Zaventem
Active since 30 August 2002
Chaussée de Binche 103
7000 Mons
Active since 1 January 2011
Heidebaan 71B
9100 Sint-Niklaas
Active since 1 June 2011
Kapelsesteenweg 377
2180 Antwerpen
Active since 1 July 2012
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0426.996.671
- VAT number
- BE 0426.996.671
- Registered office
- Roeselaarsestraat 542, 8870 Izegem
- Names & denominations
- WINSOL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 March 1985
- Peppol
- Active · Active since 19 Dec 2025
- Activities · NACE
Groothandel in overige bouwmaterialen
Groothandel in verf, vernis en bouwmaterialen, inclusief sanitair
Vervaardiging van metalen ramen, deuren, wanden en dergelijke
Overige werkzaamheden in verband met de afwerking van gebouwen
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Overige bouwinstallatie
Schrijnwerk
Overige bouwinstallatie, n.e.g.