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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 10 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 3.2 to 0.
Financials
Financial year 2025
SDW Windows from Lokeren, company number BE0763677832, closed financial year 2025 with a result of € -10,132 after tax. For that financial year SDW Windows recorded a gross margin of € -6,116 and equity of € -229,904. Compared with financial year 2024, the result moved from € -25,218 to € -10,132. The company made a loss. 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 July 23, 2026.
€ -229,904
▼ € 10,132 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -10,132
▲ 60 % less loss than in 2024
Profit after tax over the fiscal year.
€ 6,058
▼ 34% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -291,404.
People and assets in 2025
0
▼ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1,747
▼ 56% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 4,253
▼ 71% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 145,673 | € 186,116 | € -8,886 | € -6,116 | ▲ € 2,771 |
| Profit after taxes | € -224,246 | € -31,808 | € -25,218 | € -10,132 | ▲ € 15,086 |
| Equity | € -162,746 | € -194,553 | € -219,772 | € -229,904 | ▼ € 10,132 |
| Total debts | € 613,096 | € 356,654 | € 273,550 | € 262,588 | ▼ 4% |
| Cash | € 109,375 | € 6,887 | € 9,120 | € 6,058 | ▼ 34% |
| Retained profit | € -224,246 | € -256,053 | € -281,272 | € -291,404 | ▼ € 10,132 |
| Balance sheet total | € 450,351 | € 162,101 | € 53,778 | € 32,684 | ▼ 39% |
| Employees (FTE) | 3.7 | 3.2 | 0.1 | 0 | ▼ 0.1 |
Key figures of SDW Windows, 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 SDW Windows?
What happened at SDW Windows in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- ENGELS NV stepped down as director. NBB
- ENGELS B&E BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 10,132. Source: NBB ↗
- New establishment in Lokeren. KBO
- New establishment in Gent. KBO
- ENGELS NV became a director. NBB
- ENGELS B&E BV became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 224,246 loss in 2022 to € 10,132 loss in 2025.
Paid € 1,698 in corporate taxes since 2022.
On average € 58,200 of value added per employee in 2023.
A new publication or filing at SDW Windows? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of EOS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SDW WindowsThe shares are held by EOS (100%).
Directors
According to the 2025 annual accounts
Director · represented by Engels Christophe
since 2021 · until 2027
Director · represented by Engels Didier
Also active at: ENGELS WOOD FACTORY, IMMO - 47, DM, Avista Aluminium, AC WINDOWS, COCOCINEL, CASTIBO, EWG +3 more
since 2021 · until 2027
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Gentse Steenweg 136
9160 Lokeren
Kortrijksesteenweg 1214
9051 Gent
Active since 16 February 2021
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
All companies at this address →ENGELS WOOD FACTORY same network
€ 7.7 million revenue · 2025
IMMO - 47 same network
€ 427,563 gross margin · 2025
DM same network
€ -8,788 gross margin · 2025
ENGELS GROEP
Peppy
€ 233,057 gross margin · 2025
+4 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
- 0763.677.832
- VAT number
- BE 0763.677.832
- Registered office
- Gentse Steenweg 136, 9160 Lokeren
- Names & denominations
- SDW Windows
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 16 February 2021
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Vervaardiging van ander schrijn- en timmerwerk