Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 12 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
WINSTON AVENUE from Waregem, company number BE0475803014, closed financial year 2025 with a result of € 163,926 after tax. For that financial year WINSTON AVENUE recorded a gross margin of € 172,431 and equity of € -28,584. Compared with financial year 2024, the result moved from € 25,704 to € 163,926. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on November 24, 2025.
€ -28,584
▲ € 163,926 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 163,926
▲ € 138,222 vs 2024
Profit after tax over the fiscal year.
€ 40,637
▲ 255% 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 € -1.1 million.
Debts at end 2025
€ 216,100
▼ 61% vs 2024
Loans from banks and other lenders, long and short.
€ 67
▼ 27% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 94
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 13,206 | € 27,304 | € 30,180 | € 172,431 | ▲ € 142,251 |
| Profit after taxes | € 5,905 | € 93,543 | € 25,704 | € 163,926 | ▲ € 138,222 |
| Equity | € -311,756 | € -218,213 | € -192,510 | € -28,584 | ▲ € 163,926 |
| Total debts | € 936,542 | € 934,912 | € 918,541 | € 575,890 | ▼ 37% |
| Cash | € 20,347 | € 767 | € 11,440 | € 40,637 | ▲ 255% |
| Land & buildings | € 482,497 | € 509,925 | € 509,925 | € 352,089 | ▼ 31% |
| Retained profit | € -1,354,756 | € -1,261,213 | € -1,235,510 | € -1,071,584 | ▲ € 163,926 |
| Bank debt | € 569,339 | € 568,982 | € 555,690 | € 216,100 | ▼ 61% |
| Balance sheet total | € 705,446 | € 716,698 | € 726,031 | € 547,306 | ▼ 25% |
Key figures of WINSTON AVENUE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to WINSTON AVENUE?
What happened at WINSTON AVENUE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Carlos Ghistelinck stepped down as director. NBB
- Anthony Ghistelinck stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 163,926 (▲ € 138,222 vs 2024). Source: NBB ↗
- Carlos Ghistelinck became a director. NBB
- Anthony Ghistelinck became a director. NBB
- New establishment in Waregem. KBO
- Start of the company according to the CBE. KBO
In short
From € 5,905 profit in 2022 to € 163,926 profit in 2025.
Best year ever: 2025, with € 163,926 profit.
Management
Establishments
Establishment units
Physical locations of this company
Churchilllaan 1 box 301
8790 Waregem
Churchilllaan 1
8790 Waregem
Active since 20 December 2001
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
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€ -15,570 gross margin · 2025
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€ 7,157 gross margin · 2025
Vereniging van Mede-eigenaars van het gebouw Winston Avenue
+1 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0475.803.014
- VAT number
- BE 0475.803.014
- Registered office
- Churchilllaan 1 bus 301, 8790 Waregem
- Names & denominations
- WINSTON AVENUE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 8 October 2001
- Peppol
- Active · Active since 30 Jan 2025
- Activities · NACE
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