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BELWIND

Active
Public limited companyfounded 200620 yrs activeSint-Maartenstraat 5, 3000 Leuven, BelgiumKBO/BCE: BE 0879.041.417
Summary

BELWIND has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €22.32M and a net result of €11.85M. Equity is shrinking by ~17.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 27% of 270 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Checked score

Score 2025
70 / 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83▲+9
Solvency36▲+6
Growth49▼-1
Track record100
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.55M at 30 days acceptable
Liquidity short (current ratio 0.7 against 0.58 in 2024; short-term debt: 21.5% and cash: 6.9% of total assets), and 88.5% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.
lowers riskneutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 35
Relative position
BE, all sectors
reference
Sector 35
lower
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
11.5%
Return on assets
6.1%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 20 years 0 30 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
18202122232425
2018 to 2025 · latest year €22.32M
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-05-2026, 87 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
87 d early
2024
77 d early
2023
86 d early
2022
76 d early
2021
48 d early
2020
60 d early
2019
50 d early
← before the deadline after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover
€79.75M▼ 3.2%
2024 · €82.39M
2018: €81.36M 2020: €83.55M 2021: €81.27M 2022: €67.27M 2023: €87.04M 2024: €82.39M
2018 → 2025
EBIT margin
20.8%▲ 0.4pp
2024 · 20.4%
2018: 32.8% 2020: 30.1% 2021: 21.6% 2022: 5.8% 2023: 26.3% 2024: 20.4%
2018 → 2025
Net result
€11.85M▲ 1.2%
2024 · €11.70M
2018: €5.96M 2020: €7.90M 2021: €6.03M 2022: €-2.21M 2023: €16.38M 2024: €11.70M
2018 → 2025
Working capital
€-12.50M▲ 32.7%
2024 · €-18.57M
2018: €33.84M 2020: €-3.11M 2021: €2.31M 2022: €-9.85M 2023: €-10.70M 2024: €-18.57M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Turnover€81.27M-€67.27M▼ 17.2%€87.04M▲ 29.4%€82.39M▼ 5.3%€79.75M▼ 3.2%
Equity€26.38M-€18.07M▼ 31.5%€18.49M▲ 2.3%€10.47M▼ 43.4%€22.32M▲ 113%
Operating result€17.57M-€3.91M▼ 77.7%€22.88M▲ 485%€16.79M▼ 26.6%€16.59M▼ 1.2%
Net result€6.03M-€-2.21M€16.38M€11.70M▼ 28.6%€11.85M▲ 1.2%
Result per fiscal year
Operating resultNet result
€-10.00M€0€10.00M€20.00MOperating result 2021: €17.57M€17.57MNet result 2021: €6.03M€6.03MOperating result 2022: €3.91M€3.91MNet result 2022: €-2.21M€-2.21MOperating result 2023: €22.88M€22.88MNet result 2023: €16.38M€16.38MOperating result 2024: €16.79M€16.79MNet result 2024: €11.70M€11.70MOperating result 2025: €16.59M€16.59MNet result 2025: €11.85M€11.85M20212022202320242025€0€10M€20MOperating result 2023: €22.88M€23MNet result 2023: €16.38M€16MOperating result 2024: €16.79M€17MNet result 2024: €11.70M€12MOperating result 2025: €16.59M€17MNet result 2025: €11.85M€12M202320242025
The operating result has fallen two years in a row; 2025 is 1% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €194.76M
Fixed assets €165.35M ▼ 15.0%
Current assets €29.42M ▲ 16.1%
Equity and liabilities €194.76M
Equity €22.32M ▲ 113%
Provisions €18.50M ▲ 10.3%
Debt €153.95M ▼ 20.1%
Debt's share of the balance-sheet total falls from 87.6% to 79.0%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€47.74M
2024 · €47.70M
Cash flow
€43.00M
2024 · €42.61M
Current ratio
0.70
2024 · 0.58
Debt to equity
6.90
2024 · 18.40
ROE
53.1%
2024 · 111.8%
ROA
6.1%
2024 · 5.3%
Interest coverage
5.79
2024 · 4.28
Debt ≤ 1 year
€41.92M
2024 · €43.91M
Debt > 1 year
€108.71M
2024 · €145.06M
Income taxes
€373k
2024 · €149k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 65 lines
Balance sheet Code20242025
Assets
Total assets20/58€219.85M€194.76M
Fixed assets21/28€194.51M€165.35M
Intangible fixed assets21€59k€39k
Tangible fixed assets22/27€194.45M€165.31M
Plant, machinery and equipment23€194.08M€162.95M
Assets under construction and advance payments27€373k€2.36M
Current assets29/58€25.34M€29.42M
Amounts receivable within one year40/41€15.97M€14.97M
Trade receivables40€15.85M€14.86M
Other amounts receivable41€113k€104k
Cash at bank and in hand54/58€8.28M€13.37M
Deferred charges and accrued income490/1€1.09M€1.09M
Equity and liabilities
Total equity and liabilities10/49€219.85M€194.76M
Equity10/15€10.47M€22.32M
Contributions10/11€7.96M€7.96M=
Capital10€7.96M€7.96M=
Issued capital100€7.96M€7.96M=
Reserves13€2.40M€2.40M=
Non-distributable reserves130/1€796k€796k=
Legal reserve130€796k€796k=
Distributable reserves133€1.60M€1.60M=
Profit (loss) carried forward14€116k€11.96M
Provisions and deferred taxes16€16.77M€18.50M
Provisions for liabilities and charges160/5€16.77M€18.50M
Other liabilities and charges164/5€16.77M€18.50M
Amounts payable17/49€192.62M€153.95M
Amounts payable after more than one year17€145.06M€108.71M
Financial debts170/4€145.06M€108.71M
Subordinated loans170€11.10M€11.51M
Credit institutions173€133.97M€97.20M
Amounts payable within one year42/48€43.91M€41.92M
Current portion of amounts payable after more than one year42€34.56M€36.77M
Trade debts44€1.64M€2.81M
Suppliers440/4€1.64M€2.81M
Taxes, remuneration and social security45€2.17M€2.35M
Taxes450/3€2.17M€2.35M
Other amounts payable47/48€5.53M-
Accrued charges and deferred income492/3€3.65M€3.32M
Income statement Code20242025
Operating income70/76A€82.91M€80.23M
Turnover70€82.39M€79.75M
Other operating income74€526k€483k
Operating charges60/66A€66.12M€63.64M
Goods for resale, raw materials and consumables60€935k€988k
Purchases600/8€935k€988k
Services and other goods61€32.68M€29.74M
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30.91M€31.15M
Provisions for liabilities and charges: additions (uses and reversals)635/8€1.56M€1.73M
Other operating charges640/8€37k€35k
Operating profit (loss)9901€16.79M€16.59M
Financial income75/76B€6.21M€3.88M
Recurring financial income75€6.21M€3.88M
Income from financial fixed assets750€6.21M-
Other financial income752/9-€3.88M
Financial charges65/66B€11.15M€8.25M
Recurring financial charges65€11.15M€8.25M
Debt charges650€11.15M€8.25M
Profit (loss) for the period before taxes9903€11.85M€12.22M
Income taxes67/77€149k€373k
Taxes670/3€149k€373k
Profit (loss) for the period9904€11.70M€11.85M
Profit (loss) for the period to be appropriated9905€11.70M€11.85M
Appropriation of the result
Profit (loss) to be appropriated9906€19.84M€11.96M
Profit (loss) brought forward from the previous period14P€8.14M€116k
Profit to be distributed694/7€19.72M-
Return on contributions (dividend)694€19.72M-

The notes to these accounts (55 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
12-08
State Gazette act Reappointment: Willem Smellik (director)
Resignations: Ernst en Young Bedrijfsrevisoren BV, Neos Anemos BV and 2 others · Appointments: PricewaterhouseCoopers Bedrijfsrevisoren BV (statutory auditor) and Kristof Verlinden (director) · Permanent representatives: Brecht Lokere and Kristof Verlinden25 facts ▸
  • General meeting, 04/05/2026
  • Director reappointment, Willem Smellik (director)
  • Auditor resignation, Ernst en Young Bedrijfsrevisoren BV (statutory auditor)
  • Auditor appointment, PricewaterhouseCoopers Bedrijfsrevisoren BV (statutory auditor)
  • Permanent representative, Brecht Lokere
  • Director discharge, Belwind NV
  • Power of attorney, Tine Dekocker
  • Power of attorney, Diego Gaspar
  • General meeting, 24/06/2026
  • Director resignation, Neos Anemos BV (director)
  • Director resignation, Wim Verrept (director)
  • Director appointment, Kristof Verlinden (director)
  • +13 further facts in this act
05-05
NBB filing Annual accounts filed
fiscal year 2025 · full schema
09-03
State Gazette act Resignation: Van Leeuw Consulting BV (director)
Appointment: Geert Vanderbeeken (director) · Permanent representatives: François Van Leeuw and Eric Antoons5 facts ▸
  • General meeting, 26/02/2026
  • Director resignation, Van Leeuw Consulting BV (director)
  • Director appointment, Geert Vanderbeeken (director)
  • Permanent representative, François Van Leeuw
  • Permanent representative, Eric Antoons
2025
16-06
State Gazette act Resignations: Blackboulder BV (director) and Peter Caluwaerts (director)
Appointments: Neos Anemos BV (director) and Marlies Vlasselaer (director) · Permanent representatives: Mathias Van Steenwinkel, Eric Antoons and François Van Leeuw · Mandate compensation10 facts ▸
  • General meeting, 20/05/2025
  • Director resignation, Blackboulder BV (director)
  • Director resignation, Peter Caluwaerts (director)
  • Director appointment, Neos Anemos BV (director)
  • Director appointment, Marlies Vlasselaer (director)
  • Permanent representative, Mathias Van Steenwinkel
  • Permanent representative, Eric Antoons
  • Permanent representative, François Van Leeuw
  • Mandate compensation, Neos Anemos BV
  • Mandate compensation, Marlies Vlasselaer
15-05
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
25-11
State Gazette act Resignations & appointments
Power of attorney · Mandate compensation3 facts ▸
  • Board meeting, 14/10/2024
  • Power of attorney, Kristof Verlinden (gevolmachtigde)
  • Mandate compensation, Kristof Verlinden
23-10
State Gazette act Appointments: Ernst & Young Bedrijfsrevisoren BV (statutory auditor) and BLACKBOULDER BV (director)
Permanent representatives: Francis Boelens and Mathias Van Steenwinkel · Resignation: Mathias Van Steenwinkel (director) · Mandate compensation8 facts ▸
  • General meeting, 03/05/2024
  • Auditor appointment, Ernst & Young Bedrijfsrevisoren BV (statutory auditor)
  • Permanent representative, Francis Boelens
  • General meeting, 23/08/2024
  • Director resignation, Mathias Van Steenwinkel (director)
  • Director appointment, BLACKBOULDER BV (director)
  • Permanent representative, Mathias Van Steenwinkel
  • Mandate compensation, BLACKBOULDER BV
06-05
NBB filing Annual accounts filed
fiscal year 2023 · full schema
05-01
State Gazette act Appointment: Mathias Van Steenwinkel (director)
Director discharge4 facts ▸
  • General meeting, 05/05/2023
  • Director discharge, Pieter Marinus (director)
  • Director discharge, Maarten van der Horst (director)
  • Director appointment, Mathias Van Steenwinkel (director)
2023
31-12
Financial Back to profitnet €16.38M
Net result €16.38M after one loss-making year.
12-10
State Gazette act Capital & shares · Statutes amendment · Miscellaneous
Capital decrease · Capital · Power of attorney5 facts ▸
  • General meeting, 05-10-2023
  • Capital decrease, €9.922.200
  • Capital, €7.955.390
  • Power of attorney, BELWIND
  • Power of attorney, BELWIND
16-05
NBB filing Annual accounts filed
fiscal year 2022 · full schema
Show earlier events
12-01
State Gazette act Resignation: Maarten van der Horst (director)
Appointment: Mathias Van Steenwinkel (director) · Mandate compensation4 facts ▸
  • Board meeting, 11/10/2022
  • Director resignation, Maarten van der Horst (director)
  • Director appointment, Mathias Van Steenwinkel (director)
  • Mandate compensation, Mathias Van Steenwinkel
2022
31-12
Financial Weakest financial yearnet €-2.21M ▼137%
Net result drops to €-2.21M, the lowest in the series; recovery starts the following year.
12-10
State Gazette act Capital & shares · Statutes amendment
Capital decrease · Capital · Power of attorney4 facts ▸
  • General meeting, 30 september 2022
  • Capital decrease, €6.100.000
  • Capital, €17.877.590
  • Power of attorney, Paul MASELIS
19-08
State Gazette act Appointments: Ernst & Young Bedrijfsrevisoren BV (statutory auditor) and Maarten van der Horst (director)
Permanent representative: Francis Boelens · Reappointments: Peter Caluwaerts (director) and Wim Verrept (director) · Resignation: Pieter Marinus (director)14 facts ▸
  • General meeting, 06/05/2022
  • Auditor appointment, Ernst & Young Bedrijfsrevisoren BV (statutory auditor)
  • Permanent representative, Francis Boelens
  • Director reappointment, Peter Caluwaerts (director)
  • Director reappointment, Wim Verrept (director)
  • Mandate compensation, Peter Caluwaerts
  • Mandate compensation, Wim Verrept
  • Director appointment, Maarten van der Horst (director)
  • Mandate compensation, Maarten van der Horst
  • General meeting, 29/07/2022
  • Director resignation, Pieter Marinus (director)
  • Power of attorney, Saskia Monseur
  • +2 further facts in this act
22-06
State Gazette act Appointments: Ernst & Young Bedrijfsrevisoren BV CVBA, Peter Caluwaerts and 2 others
Permanent representatives: Francis Boelens and François Van Leeuw · Reappointment: Van Leeuw Consulting BV (director) · Resignations: Wim Colruyt, Korys Management and Paul Tummers16 facts ▸
  • General meeting, 07/05/2021
  • Auditor appointment, Ernst & Young Bedrijfsrevisoren BV CVBA (statutory auditor)
  • Permanent representative, Francis Boelens
  • Director reappointment, Van Leeuw Consulting BV (director)
  • Permanent representative, François Van Leeuw
  • Mandate compensation, Van Leeuw Consulting BV
  • Board meeting, 21/12/2021
  • Director resignation, Wim Colruyt (director)
  • Director resignation, Korys Management (director)
  • Director resignation, Paul Tummers (director)
  • Director appointment, Peter Caluwaerts (director)
  • Director appointment, Pieter Marinus (director)
  • +4 further facts in this act
13-06
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
01-06
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
14-10
State Gazette act Capital & shares · Purpose · Statutes amendment · Resignations & appointments · Miscellaneous
Purpose change · Capital decrease · Capital5 facts ▸
  • General meeting, 8 oktober 2020
  • Purpose change, Het ontwikkelen, bouwen en exploiteren van offshore windparken in de Belgische Wateren. Het verlenen van allerlei diensten met betrekking tot de organisatie, ma…
  • Capital decrease, €11.022.410
  • Capital, €23.977.590
  • Statutes amendment
77.1% of this act was read; anything after the cut is not in this list.Read the act at the Belgisch Staatsblad ↗
20-07
State Gazette act Resignations: Frederik Bauwens (director) and Tom Mortier (director)
Appointments: Korys Management NV (director) and Paul Tummers (director) · Permanent representative: Frederik Bauwens · Reappointments: Wim Colruyt (director) and Willem Smelik (director)11 facts ▸
  • General meeting, 04/07/2020
  • Director resignation, Frederik Bauwens (director)
  • Director appointment, Korys Management NV (director)
  • Permanent representative, Frederik Bauwens
  • Director reappointment, Wim Colruyt (director)
  • Director reappointment, Willem Smelik (director)
  • Mandate compensation, Wim Colruyt
  • Board meeting, 22/06/2020
  • Director resignation, Tom Mortier (director)
  • Director appointment, Paul Tummers (director)
  • Mandate compensation, Paul Tummers
11-06
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
06-09
State Gazette act Resignation: Bart Vander Elst (director)
Appointment: Frederik Bauwens (director) · Mandate compensation4 facts ▸
  • Board meeting, 03/07/2019
  • Director resignation, Bart Vander Elst (director)
  • Director appointment, Frederik Bauwens (director)
  • Mandate compensation, Frederik Bauwens
28-05
NBB filing Annual accounts filed
fiscal year 2018 · full schema
08-05
State Gazette act Capital & shares
Capital decrease · Capital · Statutes amendment5 facts ▸
  • General meeting, 30 april 2019
  • Capital decrease, €21.872.043
  • Capital, €35.000.000
  • Statutes amendment
  • Power of attorney, raad van bestuur
04-03
State Gazette act Appointment: Ernst & Young Bedrijfsrevisoren BV CVBA (statutory auditor)
Permanent representatives: F. Boelens BVBA and Francis Boelens4 facts ▸
  • General meeting, 03/10/2018
  • Auditor appointment, Ernst & Young Bedrijfsrevisoren BV CVBA (statutory auditor)
  • Permanent representative, F. Boelens BVBA
  • Permanent representative, Francis Boelens
2018
25-05
NBB filing Annual accounts filed
fiscal year 2017 · full schema
06-04
State Gazette act Capital & shares · Statutes amendment
Capital decrease · Capital · Statutes amendment5 facts ▸
  • General meeting, 22/03/2018
  • Capital decrease, €31.170.000,49
  • Capital, €56.872.043
  • Statutes amendment
  • Waiver, afstand doet van het gelijkheidsbeginsel zoals voorzien door artikel 612 van het Wetboek van vennootschappen
03-01
State Gazette act Miscellaneous
General meeting1 fact ▸
  • General meeting, 19/12/2017
2017
20-07
State Gazette act Resignation: Korys Management NV (director)
Permanent representative: Cedric Liekens · Appointment: Tom Mortier (director) · Mandate compensation5 facts ▸
  • Board meeting, 22/06/2017
  • Director resignation, Korys Management NV (director)
  • Permanent representative, Cedric Liekens
  • Director appointment, Tom Mortier (director)
  • Mandate compensation, Tom Mortier
22-05
NBB filing Annual accounts filed
fiscal year 2016 · full schema
11-05
State Gazette act Permanent representatives: Ludo Ruysen and Frederic Poesen
3 facts ▸
  • Board meeting, 28/03/2017
  • Permanent representative, Ludo Ruysen
  • Permanent representative, Frederic Poesen
27-03
State Gazette act Resignations: Keiichi Mihara, Yoichi Sakai and Hisayuki Doi
Director discharge7 facts ▸
  • General meeting, 07/03/2017
  • Director resignation, Keiichi Mihara (director)
  • Director resignation, Yoichi Sakai (director)
  • Director resignation, Hisayuki Doi (director)
  • Director discharge, Keiichi Mihara
  • Director discharge, Yoichi Sakai
  • Director discharge, Hisayuki Doi
2016
18-08
State Gazette act Resignations: Jan Van De Voorde (director) and Eric Antoons (director)
Appointments: Korys Management NV (director) and Van Leeuw Consulting BVBA (director) · Permanent representatives: Cedric Liekens and François Van Leeuw · Mandate compensation9 facts ▸
  • General meeting, 24-06-2016
  • Director resignation, Jan Van De Voorde (director)
  • Director appointment, Korys Management NV (director)
  • Permanent representative, Cedric Liekens
  • Mandate compensation, Korys Management NV
  • Director resignation, Eric Antoons (director)
  • Director appointment, Van Leeuw Consulting BVBA (director)
  • Permanent representative, François Van Leeuw
  • Mandate compensation, Van Leeuw Consulting BVBA
18-01
State Gazette act Resignation: BIESEMANS Wim (director)
Appointment: ANTOONS Eric (director) · Statutes amendment · Director discharge8 facts ▸
  • General meeting, 28/12/2015
  • Statutes amendment
  • Director resignation, BIESEMANS Wim (director)
  • Director discharge, BIESEMANS Wim
  • Director appointment, ANTOONS Eric (director)
  • Mandate compensation, ANTOONS Eric
  • Power of attorney, Paul MASELIS
  • Dividend, 5.000.000,00
2015
31-12
State Gazette act Capital & shares
General meeting1 fact ▸
  • General meeting, 16/12/2015
31-12
State Gazette act Resignation: Wim Biesemans (director)
Appointment: Eric Antoons (director) · Permanent representatives: Wim Biesemans and Eric Antoons · Mandate compensation7 facts ▸
  • Board meeting, 16/12/2015
  • Director resignation, Wim Biesemans (director)
  • Director appointment, Eric Antoons (director)
  • Mandate compensation, Eric Antoons
  • Permanent representative, Wim Biesemans
  • Director resignation, Wim Biesemans (permanent representative)
  • Permanent representative, Eric Antoons
26-11
State Gazette act Resignation: Naoki Murakata (director)
Appointment: Hisayuki Doi (director) · Mandate compensation4 facts ▸
  • Board meeting, 02-09-2015
  • Director resignation, Naoki Murakata (director)
  • Director appointment, Hisayuki Doi (director)
  • Mandate compensation, Hisayuki Doi
26-11
State Gazette act Appointments: Bart Vander Elst, Jan Van De Voorde and 2 others
Permanent representative: Ludo Ruysen · Mandate compensation9 facts ▸
  • General meeting, 23/09/2015
  • Director appointment, Bart Vander Elst (director)
  • Mandate compensation, Bart Vander Elst
  • Director appointment, Jan Van De Voorde (director)
  • Mandate compensation, Jan Van De Voorde
  • Director appointment, Hisayuki Doi (director)
  • Mandate compensation, Hisayuki Doi
  • Auditor appointment, KPMG Bedrijfsrevisoren Burg. CVBA (statutory auditor)
  • Permanent representative, Ludo Ruysen
18-09
State Gazette act Capital & shares · Restructuring
Demerger · Capital decrease · Capital10 facts ▸
  • General meeting, 31/08/2015
  • Demerger, partiële splitsing
  • Capital decrease, €1.911.856,51
  • Capital, €88.042.043,49
  • Reserve release, 24.633,08, EUR
  • Reserve release, 265.069,32, EUR
  • Statutes amendment
  • Power of attorney, Johan Lagae
  • Power of attorney, Els Bruis
  • Suspensive condition, approval by the extraordinary general meeting of the acquiring company
10-07
State Gazette act Restructuring
Appointment: KPMG Bedrijfsrevisoren CVBA (statutory auditor) · Demerger · Asset transfer9 facts ▸
  • Demerger, partiële splitsing
  • Asset transfer, de domeinconcessie voor de bouw en uitbating van installaties voor de productie van elektriciteit uit wind in de zeegebieden (Bligh Bank), toegekend aan Belwind…
  • Share issue, 2201, in ruil voor de inbreng van het Afgesplitste Vermogen
  • Accounting effect, datum van de BAVs die de partiële splitsing vaststellen (de Effectieve Datum)
  • Auditor appointment, KPMG Bedrijfsrevisoren CVBA (statutory auditor)
  • Contribution value, 2.201.558,91 EUR
  • Share distribution, 904, 438
  • Meeting date, 31/08/2015
  • Condition, instemming Belwind Finance Parties
19-06
State Gazette act Resignations: Koen Baetens (director) and Participatie Maatschappij Vlaanderen NV (director)
Permanent representative: Jan Van De Voorde · Appointments: Bart Vander Elst (director) and Jan Van De Voorde (director) · Mandate compensation8 facts ▸
  • Board meeting, 06/03/2015
  • Director resignation, Koen Baetens (director)
  • Director resignation, Participatie Maatschappij Vlaanderen NV (director)
  • Permanent representative, Jan Van De Voorde
  • Director appointment, Bart Vander Elst (director)
  • Director appointment, Jan Van De Voorde (director)
  • Mandate compensation, Bart Vander Elst
  • Mandate compensation, Jan Van De Voorde
2014
06-11
State Gazette act Statutes amendment
Power of attorney3 facts ▸
  • General meeting, 29 september 2014
  • Statutes amendment
  • Power of attorney, CALUWAERTS Peter Leonard Diane
29-10
State Gazette act Permanent representative: Wim Biesemans
Power of attorney3 facts ▸
  • Board meeting, 26/09/2014
  • Power of attorney, Parkwind NV (algemeen directeur / chief executive officer)
  • Permanent representative, Wim Biesemans
23-10
State Gazette act Appointments: MIHARA Keiichi, MURAKATA Naoki and SAKAI Yoichi
Reappointments: BIESEMANS Wim Paul, BAETENS Koen and 3 others · Permanent representative: VAN DE VOORDE Jan Pieter · Statutes amendment33 facts ▸
  • General meeting, 29/09/2014
  • Statutes amendment
  • Accounting effect, 30/09/2014
  • Approval, 29/09/2014
  • Director appointment, MIHARA Keiichi (director)
  • Director appointment, MURAKATA Naoki (director)
  • Director appointment, SAKAI Yoichi (director)
  • Director reappointment, BIESEMANS Wim Paul (director)
  • Director reappointment, BAETENS Koen (director)
  • Director reappointment, COLRUYT Wim (director)
  • Director reappointment, PARTICIPATIEMAATSCHAPPIJ VLAANDEREN (director)
  • Director reappointment, SMELIK Willem (director)
  • +21 further facts in this act
16-09
State Gazette act Resignation: Erik Van de Brake (director)
Director discharge3 facts ▸
  • General meeting, 17/06/2014
  • Director resignation, Erik Van de Brake (director)
  • Director discharge, Erik Van de Brake
08-07
State Gazette act Registered office
Registered-office move2 facts ▸
  • Board meeting, 02/06/2014
  • Registered-office move, Sint-Maartenstraat 5, 3000 Leuven
27-05
State Gazette act Resignations: Vincent Vliebergh (director) and Dimnick BVBA (algemeen directeur)
Appointments: Wim Colruyt (director) and Parkwind NV (algemeen directeur) · Permanent representatives: Vincent Vliebergh, Frank Coenen and Wim Biesemans · Mandate compensation9 facts ▸
  • Board meeting, 24/03/2014
  • Director resignation, Vincent Vliebergh (director)
  • Director appointment, Wim Colruyt (director)
  • Mandate compensation, Wim Colruyt
  • Permanent representative, Vincent Vliebergh
  • Director resignation, Dimnick BVBA (algemeen directeur)
  • Director appointment, Parkwind NV (algemeen directeur)
  • Permanent representative, Frank Coenen
  • Permanent representative, Wim Biesemans
12-02
State Gazette act Registered office
Registered-office move2 facts ▸
  • Board meeting, 03/06/2013
  • Registered-office move, Vital Decosterstraat 44, 3000 Leuven
2013
09-10
State Gazette act Permanent representative: Ludo Ruysen
2 facts ▸
  • Board meeting, 02/09/2013
  • Permanent representative, Ludo Ruysen
2012
14-12
State Gazette act Appointment: KPMG Bedrijfsrevisoren Burg. CVBA (statutory auditor)
Permanent representative: Erik Clinck3 facts ▸
  • General meeting, 26/09/2012
  • Auditor appointment, KPMG Bedrijfsrevisoren Burg. CVBA (statutory auditor)
  • Permanent representative, Erik Clinck
11-04
State Gazette act Resignation: Piet Colruyt (class A director)
2 facts ▸
  • Board meeting, 20/03/2012
  • Director resignation, Piet Colruyt (class A director)
29-02
State Gazette act Resignation: Cornelius Gerardus Maria van der Drift (director)
2 facts ▸
  • Board meeting, 24/01/2012
  • Director resignation, Cornelius Gerardus Maria van der Drift (director)
2011
19-01
State Gazette act Resignation: Johan Swager (director)
Appointment: Willem Smelik (director) · Director discharge · Mandate compensation5 facts ▸
  • General meeting, 09/12/2010
  • Director resignation, Johan Swager (director)
  • Director discharge, Johan Swager
  • Director appointment, Willem Smelik (director)
  • Mandate compensation, Willem Smelik
2010
10-03
State Gazette act Appointment: Dimnick BVBA (algemeen directeur)
Permanent representative: Frank Coenen3 facts ▸
  • Board meeting, 15-01-2010
  • Director appointment, Dimnick BVBA (algemeen directeur)
  • Permanent representative, Frank Coenen
11-01
State Gazette act Registered office
Statutes amendment · Registered-office move · Power of attorney6 facts ▸
  • General meeting, 23/12/2009
  • Statutes amendment
  • Statutes amendment
  • Statutes amendment
  • Registered-office move, 8380 Zeebrugge, Kustlaan 176
  • Power of attorney, raad van bestuur
2009
08-09
State Gazette act Resignation: BELWIND (bestuurders)
Appointment: BELWIND (bestuurders) · Capital increase · Share issue7 facts ▸
  • General meeting, 24/07/2009
  • Capital increase, €89.892.400
  • Share issue, 898924, Klasse A en Klasse B
  • Statutes amendment
  • Capital, €89.953.900
  • Director resignation, BELWIND (bestuurders)
  • Director appointment, BELWIND (bestuurders)
89.7% of this act was read; anything after the cut is not in this list.Read the act at the Belgisch Staatsblad ↗
18-08
State Gazette act Capital & shares · Miscellaneous
Approval2 facts ▸
  • General meeting, 24/07/2009
  • Approval, goedkeuring van bepalingen van diverse financierings- en contractuele overeenkomsten (Common Terms and facilities agreement, Common Terms and Mezzanine Facility…
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
11 directors, last change in 2026
Kristof Verlinden
Director · since 30-06-2026
Current
Willem Smellik
Director · since 04-05-2026
Current
Geert Vanderbeeken
Director · since 31-01-2026
Current
Marlies Vlasselaer
Director · since 09-05-2025
Current
Neos Anemos
Director · since 09-05-2025 · Private limited company · perm. rep.: Eric Antoons
Current
BLACKBOULDER BV
Director · since 20-06-2024 · Legal entity · perm. rep.: Mathias Van Steenwinkel
Current
5 other directors
KORYS MANAGEMENT
Director · since 24-06-2016 · Public limited company · perm. rep.: Cedric Liekens
Not recently confirmed
SMELIK Willem
Director · since 09-12-2010
Not recently confirmed
VAN LEEUW CONSULTING
Director · since 24-06-2016 · Private limited company · perm. rep.: François Van Leeuw
Not recently confirmed
Participatiemaatschappij Vlaanderen
Director · since 30-09-2014 · Public limited company · perm. rep.: VAN DE VOORDE Jan Pieter
Not recently confirmed
Parkwind NV
Algemeen directeur · since 27-05-2014 · Legal entity · perm. rep.: Wim Biesemans
Not recently confirmed
30-06-2026 Kristof Verlinden: Appointed as Director
30-06-2026 Kristof Verlinden: Appointed as Voorzitter van het bestuursorgaan
30-06-2026 Neos Anemos BV: Resigned as Director
30-06-2026 Neos Anemos BV: Resigned as Voorzitter van het bestuursorgaan
30-06-2026 Wim Verrept: Resigned as Director
Full history in the Timeline (74 changes) →
Not every act has been read: a resignation may be missing here
2 acts were read only in part. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Leuven · 1 establishment unit since 2006
establishment The establishment unit on the map
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Sint-Maartenstraat 53000 Leuven
Ground area
4,548 m²
Building footprint
4,389 m²
Volume, LiDAR
68,400 m³
Parcel 24062A0838/00D000, Flanders · tallest building 24.4 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
BELWIND
Sint-Maartenstraat 5, 3000 LeuvenNACE 7420301
since 20062.153.531.048
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
24062A0838/00D000 Flanders 4,547 m² 1 · 4,389 m² 24.4 m · 6 fl.
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Statutory auditor

1 auditor
PricewaterhouseCoopers Bedrijfsrevisoren BVCurrent
Statutory auditor
12-08-2026 → present
Show 4 earlier auditors
Ernst & Young Bedrijfsrevisoren BV
Statutory auditor · represented by Francis Boelens
succeeded by PricewaterhouseCoopers Bedrijfsrevisoren BV in 2026
19-08-2022 → 12-08-2026
Ernst & Young Bedrijfsrevisoren BV CVBA
Statutory auditor · represented by Francis Boelens
succeeded by PricewaterhouseCoopers Bedrijfsrevisoren BV in 2026
22-06-2022 → 12-08-2026
Ernst et Young Reviseurs d'Entreprises
Statutory auditor
succeeded by Ernst & Young Bedrijfsrevisoren BV CVBA in 2022
04-03-2019 → 22-06-2022
KPMG Bedrijfsrevisoren Burg. CVBA
Statutory auditor · represented by Ludo Ruysen
succeeded by Ernst et Young Reviseurs d'Entreprises in 2019
14-12-2012 → 04-03-2019

Articles of association

Purpose
Het ontwikkelen, bouwen en exploiteren van offshore windparken in de Belgische Wateren. Het verlenen van alleriei diensten met betrekking tot de organisatie, management, marketing…
Full purpose

Het ontwikkelen, bouwen en exploiteren van offshore windparken in de Belgische Wateren. Het verlenen van alleriei diensten met betrekking tot de organisatie, management, marketing en verkoopstechnieken, bijstand en consultancy omtrent algemeen management, personeelszaken, verkoop, productie, machinepark en allerlei technische aangelegenheden. Het waarnemen van bestuursmandaten en het uitoefenen van mandaten en functies in ondernemingen en vennootschappen. De vennootschap zal door middel van inbreng, versmelting, inschrijving of op om het even welke andere wijze, mogen deelnemen aan alle ondememingen, verenigingen, vennootschappen, die een gelijksoortig cf bijhorend doel nastreven, of die eenvoudig nuttig zijn tot de algehele of gedeeltelijke verwezenlijking van haar maatschappelijk doel. Zowel in België als wereldwijd mag de vennootschap alle commerciele, industriële, financiële, onroerende en/of roerende handelingen verrichten in rechtstreeks of onrechtstreeks, geheel of gedeeltelijk verband met haar maatschappelijk doel of die van aard zijn de verwezenlijking ervan te vergemakkelijken of uit te breiden of om haar financiële middelen te beleggen. Het doel kan gewijzigd worden bij besluit van de algemene vergadering, gehouden ten overstaan van een notaris en mits inachtneming van de voorschriften van het Wetboek van vennootschappen. De vennootschap is gebonden door de rechtshandelingen verricht door haar bestuursorganen, zelfs indien deze handelingen buiten haar doel liggen, tenzij de vennootschap kan bewijzen dat de derde er kennis van had of er, gezien de omstandigheden niet onwetend van kon zijn; bekendmaking van de statuten is echter geen voldoende bewijs. En al wat daarmede rechtstreeks of onrechtstreeks verband houdt. De vennootschap kan alle verrichtingen uitvoeren die nodig, of dienstig zijn voor de verwezenlijking van haar doel. Zij kan alle burgerlijke, handels-, roerende en onroerende verrichtingen afsluiten die rechtstreeks of onrechtstreeks verband houden met één of andere tak van haar doel of van aard zijn de zaken van de vennootschap uit te breiden of te bevorderen. Zij mag deelnemen bij wijze van inbreng, fusie, inschrijving of andere tussenkomst aan alle bestaande of op te richten vennootschappen, zowel in België als in het buitenland en waarvan het doel gelijkaardig of aanverwant is aan het hare. Zij kan de functie of mandaat van bestuurder of vereffenaar van andere vennootschappen uitoefenen. Zij kan borg staan ten voordele van haar eigen bestuurders, aandeelhouders en andere vennootschappen of personen. Het doel kan gewijzigd worden bij besluit van de algemene vergadering, gehouden ten overstaan van een notaris en mits inachtneming van de voorschriften van het Wetboek van vennootschappen. De vennootschap is gebonden door de rechtshandelingen verricht door haar bestuursorganen, zelfs indien deze handelingen buiten haar doel liggen, tenzij de vennootschap kan bewijzen dat de derde er kennis van had of er, gezien de omstandigheden niet onwetend van kon zijn; bekendmaking van de statuten is echter geen voldoende bewijs.

Structure & network

Connections & network

65 connected companies
+32 companies via a shared corporate director +32via a sharedcorporate director+3 companies via a shared director +3via a shareddirectorBIO-PLANET, Shared director BBIO-PLANETBUURTWINKELS OKAY, Shared director BOBUURTWINKELSOKAYCableco, 5 shared directors CCablecoCOLIM, Shared director CCOLIMColruyt Group, 3 shared directors CGColruyt GroupDAVYTRANS, Shared director DDAVYTRANSDREAMLAND, Shared director DDREAMLANDEoly Energy, 2 shared directors EEEoly EnergyFLEETCO, Shared director FFLEETCOFLUXYS BELGIUM, Shared director FBFLUXYS BELGIUMForum Nucléaire Belge-Belgisch Nucleair Forum, Shared director FNForumNucléaire…Inetum Belgium, Shared director IBInetum BelgiumBELWIND BELWIND0879.041.417
Shared directorsBundled connections
Linked via shared directors
BIO-PLANET
Shared director
BUURTWINKELS OKAY
Shared director
Cableco
Shared director
Show 61 more companies with a shared director
COLIM
Shared director
Colruyt Group
Shared director
DAVYTRANS
Shared director
DEME BLUE ENERGY
Shared director
DREAMLAND
Shared director
Eoly Energy
Shared director
FLEETCO
Shared director
FLUXYS BELGIUM
Shared director
Inetum Belgium
Shared director
IZAR
Shared director
KORYS INVESTMENTS
Shared director
Luminus
Shared director
Nobelwind
Shared director
NORTHWESTER 2
Shared director
Northwind
Shared director
POWER@SEA
Shared director
SOLUCIOUS
Shared director
Storm Holding
Shared director
STORM HOLDING 2
Shared director
Virya Energy
Shared director
Vlevico
Shared director
Aelin Therapeutics
Shared corporate director
AMPACIMON
Shared corporate director
Aphea.Bio
Shared corporate director
Banqup Group
Shared corporate director
BLUE GATE ANTWERP PUBLIC HOLDING
Shared corporate director
CITYMESH INTEGRATOR
Shared corporate director
Confo Therapeutics
Shared corporate director
DBFM Scholen van Morgen
Shared corporate director
De Werkvennootschap
Shared corporate director
FEops
Shared corporate director
GIGARANT
Shared corporate director
HERSELF
Shared corporate director
Hubspot Belgium
Shared corporate director
iFLUX
Shared corporate director
Indigo Diabetes
Shared corporate director
INNOVATION FUND
Shared corporate director
InOpSys
Shared corporate director
InvestSuite
Shared corporate director
MyCartis
Shared corporate director
Plopsa Station Antwerp
Shared corporate director
PMV - Standaardleningen
Shared corporate director
PROMAN Agilitas
Shared corporate director
Re-Vive Brownfield Fund II
Shared corporate director
REIN4CED
Shared corporate director
RENEWABLE ENERGY BASE OSTEND
Shared corporate director
ReWind Therapeutics
Shared corporate director
RheaVita
Shared corporate director
SMARTMAT
Shared corporate director
ST Engineering iDirect (Europe) CY
Shared corporate director
SupplyStack
Shared corporate director
THE BELGIAN CHOCOLATE EXPERIENCE
Shared corporate director
TRENDMINER
Shared corporate director
Van Marcke Installs & Service
Shared corporate director
Vlaams Energiebedrijf
Shared corporate director
WANDELAAR INVEST
Shared corporate director

Ownership & control

2 parent companies
Control over this companyparent company per the LEI register2
Leuven
株式会社JERA
東京都 中央区, Japan · indirect
controls
BELWINDBE 0879.041.417

Acquisitions and mergers

1 transaction
Split off to:Nobelwind
BE 0543.652.534partial demerger · proposal · State Gazette act of 10-07-2015 (2 acts)

Capital and shareholders

Capital over the years
  1. 12-10-2023 Capital reduction of 9,922,200 EUR · to 7,955,390 EUR · repaid to the shareholders
  2. 12-10-2022 Capital reduction of 6,100,000 EUR · to 17,877,590 EUR · repaid to the shareholders
  3. 14-10-2020 Capital reduction of 11,022,410 EUR · to 23,977,590 EUR · repaid to the shareholders
  4. 08-05-2019 Capital reduction of 21,872,043 EUR · to 35,000,000 EUR · repaid to the shareholders
  5. 06-04-2018 Capital reduction of 31,170,000.49 EUR · to 56,872,043 EUR · repaid to the shareholders
  6. 18-09-2015 Capital reduction of 1,911,856.51 EUR · to 88,042,043.49 EUR
  7. 08-09-2009 Capital increase of 89,892,400 EUR · to 89,953,900 EUR · 898,924 new shares

Recognitions · licences · registrations

Legal Entity Identifier

5493007DS71IFS3LZG50
live in the LEI register

Similar companies · same sector, comparable size

Of 815 companies in sector 35110 we hold annual accounts for 631. 179 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification
Legal formPublic limited company
Founded26-01-2006
Fiscal year end31-12
Activities, NACEBEL 2025
35110Production of electricity from non-renewable sources
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.