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Cableco

Active Private limited companyfounded 2015active for 11 yearsPresident Kennedypark 8A, 8500 KortrijkKBO/BCE: BE 0631.913.428 subsidiary of Northwind#1 company by equity in Kortrijk, Construction sector

Overview

Lifetime

10 annual accounts with figures on one time axis
peak €9.0m (2016)
€5.9m▼ 20.3%
peak €388,805 (2019)
€225,822▲ 108%
peak €96.7m (2016)
€43.6m▼ 10.9%
€367,302▼ 37.1%
Board14 names since 2015all names
3 directorsRik Van de Walle and 2 others
Owners5 names in the annual accounts
59.12%Northwind and 4 others
Documentsfilings and deeds
11-06-202650 days before the deadline
2025financial year
Turnover from €7.4m to €5.9mResult from €108,617 to €225,822Registered office moved from Harelbeke to Kortrijk 29-12Dividend €211,129Debts from €584,029 to €367,302Cash from €327,688 to €496,444

Key points

from the 2025 annual accounts

Equity

€43.6m from €96.7m in 2016

Equity fell by 55% in 9 years.

Result

€225,822 ▲ 108%
€109,0002024€226,0002025

The result rose in 2025 from €108,617 to €225,822.

Payment terms

15 days to suppliers
Suppliers
60 to 15
Customers
21 to 26

Cableco pays its suppliers 45 days earlier than in 2024. Customers pay 5 days later.

Filings

10 annual accounts since 2016
AprilJune31 JulyOctober20202025

The last five annual accounts were filed 44 to 50 days before the end of the period.

Board

1 joined

New director. Latest change 02-04-2026 · 4 in office.

Position in the sector

97.9%

Higher solvency than 95% of companies in civil engineering. Sector median 40.1% · 378 companies.

Checked score

89
Excellent
Financially stronger than 71% of large companies in civil engineering (NACE 42)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.3% across 34 companies (NACE 42, large).

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.2% 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025lowest value 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.3%▲ +0.1 percentage points vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.4%▲ +0.1 percentage points vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026highest value 07-2026: 0.3%▼ -0.1 percentage points vs 06-2026 08-2026: 0.3%● unchanged vs 07-2026 09-2026: 0.3%● unchanged vs 08-2026 10-2026: 0.3%● unchanged vs 09-2026 11-2026: 0.3%● unchanged vs 10-2026

Financial strength
Strong

100=equity 97.9% of total assets
51=short-term debt 0.8% · cash 1.1%
80+1return on assets 0.5%

Score breakdown

raises risk
1 change of registered office in 24 months
Liquidity: current ratio 3.61, cash €496,444
lowers risk
Figures for financial year 2025 (filed on 11-06-2026)
Size: turnover €5.9m, total assets €44.5m
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 42, large). It does better than 99% of them on solvency, 79% on liquidity, 88% on profitability and 18% on growth.

The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 133 companies had the same profile as Cableco has now. Each dot is one company, two years later.

91.7%
were still trading
8.3%
stopped another way
0.0%
went bankrupt
  • Large
  • 10 to 20 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet

That fits the bankruptcy probability of Cableco itself: 0.3% within 12 months.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 133 companies, not a prediction for Cableco. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €550,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 3.61 (2.56 in 2024), above the usual 1.5. Short-term debt is 0.8% and cash 1.1% of total assets. 2.1% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Liquidity: current ratio 3.61, cash €496,444
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 11-06-2026)
NBB · annual accounts
lowers risk · Size: turnover €5.9m, total assets €44.5m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
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 11-06-2026, 50 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
50 days early
2024
45 days early
2023
44 days early
2022
49 days early
2021
46 days early
2020
65 days early
2019
50 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 50 days before the deadline. In the sector (NACE 42), the median for financial year 2024 was 2 days before the deadline, and 41% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 15 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

RV
Director
KN
Director
MV
Director
VL
Director, François Van Leeuw
and 2 other shareholdersBoard & ownership

Recent changes

2 directors appointed, 1 statutory auditor appointed Rik Van de Walle, Marlies Vlasselaer and Grant Thornton Bedrijfsrevisoren (statutory auditor) · General meeting of 15-05-2026 · Gazette deed
Resignation: Van Leeuw Consulting BV (director) Appointment: Marlies Vlasselaer (director) · Board meeting of 02-04-2026 · Gazette deed
Registered office moved from Harelbeke to Kortrijk New registered office: President Kennedypark 8A bus 1, 8500 Kortrijk · Previous registered office: Vaarnewijkstraat 17, 8530 Harelbeke · General meeting of 16-12-2025 · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0631913428
All 35 events

Comparable companies

same main activity, similar in size and age
Company
Cableco Kortrijk €5.9m 5.2% 97.9% -
LCL WALLONIA ONE Gembloux €5.6m 26.5% 69.1% 10.2
IRISnet Woluwe-Saint-Pierre €37.9m 5.1% 54.3% 47.1
WILLIWAW Mechelen €1.9m 1.7% 23.4% -
BROEDERS & Co Puurs-Sint-Amands €13.3m 12.5% 32.0% 78.8
SMET GWT EUROPE Dessel €39.1m 3.3% 29.0% 152.3
Circet Infratechniek Schoten €44.8m 0.0% 34.5% 99.4
-10%0%10%20%€2m€20m€200m€2bnCablecoEBIT margin

Grey: the largest companies of the sector (civil engineering (NACE 42)), without their names. Blue: the sector peers from the table.

These companies have the same main activity as Cableco: construction of utility projects for electricity and telecommunications (NACE 42220). They are comparable in size and age: total assets between €17m and €55m, founded between 2006 and 2017.

Official details

Source: KBO
Status
Active since 10-06-2015Normal situation
Registered office
15 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 8 November 2026.
Activity
Construction of utility projects for electricity and telecommunicationsNACE 42220
Establishment unit
2.244.990.4678500 Kortrijk, since 10-06-2015
Financial year end
31 December
Peppol
Reachable since 27-11-2025
Company details

Annual accounts 2025

€5.9m▼ 20.3%
€225,822▲ 108%
€43.6m▼ 10.9%
€44.5m▼ 10.9%
Filing
Filed on 11-06-2026, 50 days before the end of the filing period
Financials

Companies linked to Cableco

Insights on Cableco

Cableco has existed since 2015. Turnover fell from €9.0m in 2016 to €5.9m in 2025.

Northwind holds 59.12% of the shares.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

full format, filed on 11-06-2026, 50 days before the deadline
€5.9m
▼ 20.3%
€308,147
▲ 109%
€5.6m
▲ 2.9%
€5.6m
▲ 2.2%
97.9%
unchanged
3.61
▲ 1.04

Money flows

of every €100 of turnover, €3.83 remains as profit in 2025

Balance sheet

balance sheet total €44.5m on 31-12-2025
What the company ownsHow it is paid for

in €m

in €m

Position in the sector

97.9%

Higher than 95% of 378 companies in 2025.

3.61

Higher than 81% of 373 companies in 2025.

0.5%

Higher than 25% of 377 companies in 2025.

Cableco Middle half of the sector 80% of the sector Full accounts in civil engineering (NACE 42)

Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019201820172016
Balance sheet: assets
20/58 44.5m49.9m55.3m60.8m65.7m71.4m81.5m86.4m92.3m97.7m
20 ------0---
21/28 43.2m48.5m53.8m59.2m64.5m69.8m75.1m80.2m86.3m91.7m
21 ------0---
22/27 43.2m48.5m53.8m59.2m64.5m69.8m75.1m80.2m86.3m91.7m
23 43.2m48.5m53.8m59.2m64.5m69.8m75.1m80.2m85.9m91.3m
27 --------424,502372,913
29/58 1.3m1.4m1.5m1.7m1.3m1.6m6.4m6.2m6.1m6.0m
40/41 828,207754,255495,793424,027587,951527,1325.7m5.5m5.6m5.2m
40 417,748421,926251,329201,956399,987335,1165.6m5.4m5.4m5.2m
41 410,458332,329244,464222,071187,964192,016117,258105,421146,39512
50/53 -300,000--------
51/53 -300,000--------
54/58 496,444327,688720,338958,792439,237408,212599,516578,755373,880674,165
490/1 -33,182275,215294,180227,706633,907102,554102,554124,178120,940
Balance sheet: equity and liabilities
10/49 44.5m49.9m55.3m60.8m65.7m71.4m81.5m86.4m92.3m97.7m
10/15 43.6m48.9m54.2m59.5m64.8m70.1m80.8m86.1m91.4m96.7m
10/11 43.5m48.8m54.2m59.5m64.8m70.1m-86.1m91.4m96.7m
100 -------86.1m91.4m96.7m
11 -----70.1m80.8m---
1100/10 -----70.1m80.8m---
1109/19 -----20,405----
13 -------1,8551,8551,855
130 -------1,8551,8551,855
14 38,57923,88620,57425,60321,38227,3487,92710,89828,7868,511
16 555,536458,151368,547317,782269,434223,389179,536137,77286,69223,759
160/5 555,536458,151368,547317,782269,434223,389179,536137,77286,69223,759
162 555,536---------
164/5 -458,151368,547317,782269,434223,389179,536137,77286,69223,759
17/49 367,302584,029767,2001.0m657,1041.0m562,326213,751829,072916,980
42/48 367,302552,427576,601705,997418,121399,914451,98898,378251,690372,786
44 54,355311,70979,026373,119100,34297,44759,1945,5823,91759,988
440/4 54,355311,70979,026373,119100,34297,44759,1945,5823,91759,988
45 101,818135,413147,251108,451108,2081001,018-1,445-
450/3 101,818135,413147,251108,451108,2081001,018-1,445-
47/48 211,129105,305350,323224,427209,571302,367391,77692,796246,327312,797
492/3 -31,602190,600306,609238,983625,660110,338115,372577,382544,194
Income statement
70/76A 7.1m7.5m7.7m7.5m7.0m8.3m7.0m8.1m6.7m9.0m
70 5.9m7.4m7.7m7.5m6.9m8.2m6.7m6.8m6.7m9.0m
74 1.2m74,44336,32634,59632,949-----
76A -----27,746211,7971.2m10,012-
60/66A 6.8m7.3m7.2m7.2m6.7m7.9m6.4m8.0m6.4m8.6m
60 308,986---------
600/8 308,986---------
61 1.1m1.9m1.8m1.8m1.3m2.5m1.1m1.1m999,0911.5m
630 5.3m5.3m5.3m5.3m5.3m5.3m5.3m5.3m5.3m7.1m
635/8 97,38489,60450,76548,34846,04543,85341,76551,08062,93323,759
640/8 1,1261,0941,075980979977975973554695
66A -------1.6m--
9901 308,147147,607473,007318,119288,343386,357531,90470,815325,154331,608
75/76B 1,1342,2980-000---
75 1,1342,2980-000---
751 1,1342,298--------
752/9 --0-000---
65/66B 8,2053,59311,8398,9829,2148,5239,6448,5208,1318,445
65 8,2053,59311,8398,9829,2148,5239,6448,5208,1318,445
650 5---------
652/9 8,2003,59311,8398,9829,2148,5239,6448,5208,1318,445
9903 301,076146,312461,168309,137279,129377,834522,26162,296317,022323,163
67/77 75,25437,695115,87480,48975,52556,046133,455-12,61350,420-
670/3 75,25437,695115,87480,48975,52593,567133,455-50,420-
77 -----37,521-12,613--
9904 225,822108,617345,294228,648203,605321,788388,80574,908266,603323,163
9905 225,822108,617345,294228,648203,605321,788388,80574,908266,603323,163
Appropriation of the result
9906 249,708129,191370,897250,031230,953329,715399,704103,694275,113323,163
14P 23,88620,57425,60321,38227,348-----
691/2 ---------1,855
6920 ---------1,855
694/7 211,129105,305350,323224,427209,571302,367391,77692,796246,327312,797
694 211,129105,305350,323224,427209,571302,367391,77692,796246,327312,797
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 19 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 11-06-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 full format 11-06-2026 2026-00169557 PDF
31-12-2024 full format 16-06-2025 2025-00153892 PDF
31-12-2023 full format 17-06-2024 2024-00146377 PDF
31-12-2022 full format 12-06-2023 2023-00127075 PDF
31-12-2021 full format 15-06-2022 2022-20074646 PDF
31-12-2020 full format 27-05-2021 2021-15500527 PDF
31-12-2019 full format 11-06-2020 2020-16600505 PDF
31-12-2018 full format 27-05-2019 2019-14800298 PDF
31-12-2017 full format 06-06-2018 2018-16300547 PDF
31-12-2016 full format 06-06-2017 2017-16000592 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019201820172016
5.6m5.5m5.8m5.7m5.6m5.7m5.9m5.3m5.7m7.4m
5.6m5.4m5.7m5.6m5.5m5.7m5.7m5.3m5.6m7.4m
0000026,425201,7122.0m51,58898.8m
168,756-392,650-238,455519,55631,025-191,30420,761204,875-300,285-
957,348862,698914,744971,002836,7731.2m5.9m6.1m5.8m5.6m
5.2%2.0%6.2%4.3%4.1%4.7%7.9%1.0%4.9%3.7%
97.9%97.9%97.9%97.8%98.6%98.3%99.1%99.6%99.0%99.0%
3.612.562.592.383.003.9214.1062.8724.0616.01
0.010.010.010.020.010.010.010.000.010.01
0.5%0.2%0.6%0.4%0.3%0.5%0.5%0.1%0.3%0.3%
0.5%0.2%0.6%0.4%0.3%0.5%0.5%0.1%0.3%0.3%
over 100over 100over 100over 100over 100-----
26 days21 days12 days10 days21 days15 days302 days291 days297 days211 days
15 days60 days16 days76 days28 days14 days20 days2 days1 day15 days

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Auditor

fees

The auditor is GRANT THORNTON BEDRIJFSREVISOREN - REVISEURS D'ENTREPRISES.

Item20252024202320222021
Fee for the audit€5,916€5,668€5,405€5,369€4,686
Other work by the auditor-€2,146€1,815€1,650€2,625

Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)

Insights on Cableco

The operating result for 2025 is 109% higher than in 2024. It is a recovery after the fall in 2024.

Debt's share of the balance-sheet total falls from 1.2% to 0.8%. Equity and debt are lower.

Board & ownership

Board

4 directors, 1 auditor, no change since June 2026
Director
appointed by deed of 24-11-2015 term until the 2032 general meeting
also on the board of 6 other companies
Director
appointed by deed of 15-01-2024
Director
appointed by deed of 13-05-2026 term until the 2032 general meeting
Director (not named in the articles), permanent representative François Van Leeuw
appointed by deed of 29-12-2021
earlier director, until 31-01-2026
also on the board of 5 other companies
Statutory auditor, permanent representative Elie Janssens
appointed by deed of 30-06-2026 3-year term from 2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“ARTIKEL 22. VERTEGENWOORDIGING VAN DE VENNOOTSCHAP Afgezien van bijzondere delegaties wordt de vennootschap tegenover derden en in rechte…”
deed of 08-01-2020
Permanent representatives 1
François Van Leeuw
Permanent representative, for VAN LEEUW CONSULTING
appointed by deed of 29-12-2021

Office holders in the KBO →

Mandates through the years

14 names, the dashed line is today
Show
VAN LEEUW CONSULTING
Director (not named in the articles)
EY Bedrijfsrevisoren BV
Statutory auditor
Wim Colruyt
Director
Hisayuki Doi
Director
Hisuyaki Doi
Director
SAKAI Yoichi
Director
BoardEarlierRest of the termmandate already running before its first mentionend not dated
Mandates as a list
  • Rik Van de Walle
    • Class B director, appointed by deed of 12-06-2015, until 04-09-2015
    • Director, appointed by deed of 29-09-2015, still in office
  • VAN LEEUW CONSULTING
    • Director (not named in the articles), appointed by deed of 29-12-2021, until 31-01-2026
    • Director (not named in the articles), appointed by deed of 29-12-2021, still in office
  • Kenta Nishikawa
    • Director, from 19-05-2023 to date
  • Marlies Vlasselaer
    • Director, appointed by deed of 13-05-2026, still in office
  • GRANT THORNTON BEDRIJFSREVISOREN - REVISEURS D'ENTREPRISES
    • Statutory auditor, appointed by deed of 30-06-2026, still in office
  • EY Bedrijfsrevisoren BV
    • Statutory auditor, appointed by deed of 02-03-2018, until 30-06-2026
  • Eric Antoons
    • Board, until 13-09-2024
  • Jan Vettenburg
    • Board, until 13-09-2024
  • Motoo Shimada
    • Director, appointed by deed of 08-10-2018, until 19-05-2023
  • Wim Colruyt
    • Director, appointed by deed of 13-04-2016, until 29-12-2021
  • Hisayuki Doi
    • Director, appointed by deed of 02-03-2018, until 18-05-2018
  • Hisuyaki Doi
    • Director, appointed by deed of 23-02-2017, no longer listed in the 2025 annual accounts
  • SAKAI Yoichi
    • Class C director, appointed by deed of 12-06-2015, until 04-09-2015
    • Director, appointed by deed of 29-09-2015, until 15-12-2016
  • Wim Biesemans
    • Class A director, appointed by deed of 12-06-2015, until 04-09-2015
    • Director, appointed by deed of 29-09-2015, until 17-12-2015

See the board, name and registered office on a given date →

Control

Parent
Equity €67.8m
Profit €24.8m in 2025 (profit €23.2m in 2024)
Checked score 89
59.12%
This company
Cableco
Equity €43.6m
Profit €225,822 in 2025

Further up the chainASPIRAVI OFFSHORE 70%ASPIRAVI HOLDING 76.4%Aspiravi Holding NV consolidatesParkwind NV consolidates

and 4 other shareholders

Capital

Contribution
€43,517,901.61
Shares
2,345,880
Contribution per share
€18.55
Equity per share
€18.57 in 2025
Source
2025 annual accounts

Owners through the years

as the annual accounts name them
Owners as a list

Source: shareholder structure in its own accounts, parent in its own accounts

Articles of association

deed of 08-01-2020 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
“Onbepaalde duur, gelijk aan aantal Referentie-Aandeelhouders Northwind en Nobelwind”
Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
“Op naam,desgevallend voorzien van volgnummer, buiten oprichtingsaandelen mogen andere aandelen worden uitgegeven onder meer bij opneming…”
Membership ruleThe articles set who can become a member or partner, and on what terms.
“Aandeelhoudersovereenkomst_Cableco, algemene vergadering”

Shareholders

5 owners

Owners 5

Capital transactions

Capital over time
  1. 08-01-2020 Capital stated in 2 deeds · €18,550
  2. 29-09-2015 Capital increase of €98,402,377 · 5,304,710 new shares · in kind
  3. 12-06-2015 Incorporation · €18,550 · 1,000 shares

Network & group

Group

Northwind has 1 direct subsidiary (2025 accounts), the bar shows equity in euros
ParentNorthwind1 holding, 1 country 2025 accounts

Belgium 1 Equity Result

  • BE Cableco bv59.12% €43.6m result €225,822

Source: list of holdings in the 2025 accounts of Northwind. Every holding stands with its own latest accounts.

Part of the group ASPIRAVI HOLDING Group, risk and exposure

Earlier ties

Colruyt Group
via Wim Colruyt, at Cableco until 2021 · Permanent representative · deed of 06-01-2022
founded in 1950 · group KORYS
4,183 FTE (2026)
COLIM
via Wim Biesemans, at Cableco until 2015 · Director · deed of 14-10-2011
founded in 1960 · group KORYS
turnover €290.5m (2026)
Interuniversitair Micro-Electronica Centrum
via Rik Van de Walle, no longer at Interuniversitair Micro-Electronica Centrum · Director · deed of 23-06-2023
founded in 1984 · group IMEC International
2,904 FTE (2025)
KORYS INVESTMENTS
via Wim Colruyt, at Cableco until 2021 · Director · deed of 18-01-2024
founded in 2005 · group KORYS
total assets €1.17bn (2026)
BUURTWINKELS OKAY
via Wim Biesemans, at Cableco until 2015 · Director · deed of 13-10-2011
founded in 1998 · group KORYS
2,903 FTE (2026)
RETAIL PARTNERS COLRUYT GROUP
via Wim Biesemans, at Cableco until 2015 · Director · deed of 30-09-2005
founded in 1974 · group KORYS
797 FTE (2026)
Show 43 more earlier ties
Virya Energy
via Wim Colruyt, at Cableco until 2021 · Director · deed of 10-05-2024
founded in 2019 · group KORYS
turnover €9.9m (2025)
DATS 24
via Wim Colruyt, at Cableco until 2021 · Director · deed of 28-07-2023
founded in 2007 · group KORYS
turnover €887.5m (2025)
NUTSBEDRIJVEN HOUDSTERMAATSCHAPPIJ
via Rik Van de Walle, no longer at NUTSBEDRIJVEN HOUDSTERMAATSCHAPPIJ · Permanent representative · deed of 31-08-2011
founded in 2000
total assets €693.8m (2025)
Vlevico
via Wim Biesemans, at Cableco until 2015 · Director · deed of 13-10-2011
founded in 1982 · group KORYS
866 FTE (2026)
ASPIRAVI HOLDING
via Rik Van de Walle, no longer at ASPIRAVI HOLDING · Managing director · deed of 13-07-2020
founded in 2011
turnover €5.1m (2025)
ASPIRAVI
via Rik Van de Walle, no longer at ASPIRAVI · Director general
founded in 2002 · group ASPIRAVI HOLDING
49 FTE (2025)
SOLUCIOUS
via Wim Biesemans, at Cableco until 2015 · Director · deed of 31-05-2010
founded in 1992 · group KORYS
898 FTE (2026)
Inetum Belgium
via Wim Colruyt, at Cableco until 2021 · Director · deed of 23-10-2014
founded in 1986
1,075 FTE (2025)
FLEETCO
via Wim Biesemans, at Cableco until 2015 · Director · deed of 13-10-2011
founded in 1982 · group KORYS
turnover €85.9m (2026)
BIO-PLANET
via Wim Biesemans, at Cableco until 2015 · Director · deed of 14-10-2011
founded in 2000 · group KORYS
532 FTE (2026)
DREAMLAND
via Wim Biesemans, at Cableco until 2015 · Director · deed of 13-10-2011
founded in 1992 · group KORYS
436 FTE (2025)
EUROWATT GREEN ENERGY GROUP
via Wim Colruyt, at Cableco until 2021 · Director · deed of 20-06-2022
founded in 2022 · group KORYS
total assets €136.6m (2025)
ASPIRAVI OFFSHORE
via Rik Van de Walle, no longer at ASPIRAVI OFFSHORE · Managing director · deed of 28-05-2018
founded in 2002 · group ASPIRAVI HOLDING
total assets €132.2m (2025)
VLAAMSE ECOLOGIE-ENERGIE- EN MILIEUONDERNEMING 3
via Rik Van de Walle, no longer at VLAAMSE ECOLOGIE-ENERGIE- EN MILIEUONDERNEMING 3 · Class B director · deed of 09-09-2020
founded in 2016
turnover €34.9m (2025)
ASPIRAVI ENERGY
via Rik Van de Walle, no longer at ASPIRAVI ENERGY · Managing director · deed of 24-01-2020
founded in 2014 · group ASPIRAVI HOLDING
turnover €84.1m (2025)
Vlerick Business School
via Rik Van de Walle, no longer at Vlerick Business School · Director · deed of 03-12-2018
founded in 1983
164 FTE (2025)
ASPIRAVI INTERNATIONAL
via Rik Van de Walle, no longer at ASPIRAVI INTERNATIONAL · Managing director
founded in 2016 · group ASPIRAVI HOLDING
total assets €76.7m (2025)
A&U Energie
via Rik Van de Walle, no longer at A&U Energie · Managing director · deed of 19-02-2024
founded in 2017 · group MOHAWK INDUSTRIES, INC.
turnover €27.8m (2025)
VLERICK RESEARCH
via Rik Van de Walle, no longer at VLERICK RESEARCH · Director · deed of 04-07-2023
founded in 2001
14 FTE (2025)
WAALSE KROOK
via Rik Van de Walle, no longer at WAALSE KROOK · Director · deed of 02-08-2019
founded in 2009
total assets €56.8m (2025)
LIMBURG WIN(D)T
via Rik Van de Walle, no longer at LIMBURG WIN(D)T · Director · deed of 22-07-2022
founded in 2009 · group ASPIRAVI HOLDING
turnover €23.0m (2025)
BIO BASE EUROPE PILOT PLANT
via Rik Van de Walle, no longer at BIO BASE EUROPE PILOT PLANT · Representative · deed of 27-03-2019
founded in 2008
152 FTE (2025)
ASPIRAVI ANTILLEN
via Rik Van de Walle, no longer at ASPIRAVI ANTILLEN · Managing director
founded in 2016 · group ASPIRAVI HOLDING
total assets €46.6m (2025)
Eoly Energy
via Wim Colruyt, at Cableco until 2021 · Director · deed of 05-09-2023
founded in 2020 · group KORYS
23 FTE (2025)
ASPIRAVI TRADING
via Rik Van de Walle, no longer at ASPIRAVI TRADING · Director · deed of 24-01-2020
founded in 2015 · group ASPIRAVI HOLDING
turnover €35.8m (2025)
POWER@SEA
via Wim Biesemans, at Cableco until 2015 · Director · deed of 06-06-2019
founded in 1999 · group ACKERMANS & VAN HAAREN
total assets €25.2m (2025)
LOMMEL WIN(D)T
via Rik Van de Walle, no longer at LOMMEL WIN(D)T · Director · deed of 14-05-2020
founded in 2014 · group ASPIRAVI HOLDING
turnover €3.8m (2025)
Vlaamse Interuniversitaire Raad
via Rik Van de Walle, no longer at Vlaamse Interuniversitaire Raad · Director · deed of 19-03-2024
founded in 1978
38 FTE (2025)
IMEC International
via Rik Van de Walle, no longer at IMEC International · Director · deed of 22-11-2023
founded in 2009
turnover €8.4m (2025)
A&S ENERGIE
via Rik Van de Walle, no longer at A&S ENERGIE · Director · deed of 09-10-2024
founded in 2007
46 FTE (2025)
KORYS BUSINESS SERVICES I NV
via Wim Colruyt, at Cableco until 2021 · Director · deed of 27-10-2025
founded in 1978 · group KORYS
total assets €11.0m (2026)
Korys Business Services III NV
via Wim Colruyt, at Cableco until 2021 · Permanent representative · deed of 25-03-2025
founded in 1981 · group KORYS
total assets €9.5m (2026)
BLUEBRIDGE INCUBATIE- EN INNOVATIECENTRUM
via Rik Van de Walle, no longer at BLUEBRIDGE INCUBATIE- EN INNOVATIECENTRUM · Director · deed of 12-06-2015
founded in 2003
2 FTE (2025)
DAVYTRANS
via Wim Biesemans, at Cableco until 2015 · Director · deed of 13-10-2011
founded in 1973 · group KORYS
83 FTE (2026)
VLAAMSE UNIVERSITEITEN EN HOGESCHOLEN RAAD
via Rik Van de Walle, no longer at VLAAMSE UNIVERSITEITEN EN HOGESCHOLEN RAAD · Director
founded in 2010
9.1 FTE (2025)
Associatie Universiteit Gent
via Rik Van de Walle, no longer at Associatie Universiteit Gent · Director · deed of 03-01-2025
founded in 2003
turnover €432,224 (2025)
VLAAMSE ECOLOGIE-ENERGIE -EN MILIEUONDERNEMING 2
via Rik Van de Walle, no longer at VLAAMSE ECOLOGIE-ENERGIE -EN MILIEUONDERNEMING 2 · Class B director · deed of 03-11-2020
founded in 2014
total assets €3.8m (2025)
Virya H2
via VAN LEEUW CONSULTING, no longer at Virya H2 · Director · deed of 18-11-2021
founded in 2021 · group KORYS
14 FTE (2025)
DEME BLUE ENERGY
via Wim Biesemans, at Cableco until 2015 · Director · deed of 18-10-2019
founded in 2010 · group ACKERMANS & VAN HAAREN
total assets €162,134 (2025)
KORYS MANAGEMENT
via Wim Colruyt, at Cableco until 2021 · Permanent representative · deed of 02-09-2016
founded in 2006 · group KORYS
total assets €149,988 (2026)
Korys Capital GP
via Wim Colruyt, at Cableco until 2021 · Director (not named in the articles) · deed of 23-12-2024
founded in 2024 · group KORYS
total assets €103,983 (2026)
Pensioenfonds UZ Gent - UGent
via Rik Van de Walle, no longer at Pensioenfonds UZ Gent - UGent · Vice-chair · deed of 11-09-2018
founded in 1995
Turkey Tribunal
via Rik Van de Walle, no longer at Turkey Tribunal · Director · deed of 29-05-2020
founded in 2020

Connections & network

9 connected companies
Linked via shared directors
PARKWIND
via VAN LEEUW CONSULTING, Wim Biesemans (at Cableco until 2015) and Wim Colruyt (at Cableco until 2021) · deeds of 14-10-2025, 10-08-2023 and 23-12-2015
Founded in 2012 · 190 FTE (2025) · group JERA
→
NORTHWESTER 2
via VAN LEEUW CONSULTING, Wim Biesemans (at Cableco until 2015) and Wim Colruyt (at Cableco until 2021) · deeds of 13-10-2017 and 13-07-2011
Founded in 2011 · turnover €75.6m (2025) · group JERA
→
BELWIND
via VAN LEEUW CONSULTING, Wim Biesemans (at Cableco until 2015) and 3 others · Director · deeds of 18-08-2016 and 23-10-2014
Founded in 2006 · turnover €79.7m (2025) · group JERA
→
Otary RS
via Rik Van de Walle · Director · deed of 22-06-2023
Founded in 2011 · 42 FTE (2024)
→
Show 5 more companies with a shared director
ASPIRAVI OFFSHORE II
via Rik Van de Walle · Permanent representative · deed of 06-01-2022
Founded in 2012 · total assets €26.9m (2025) · group ASPIRAVI HOLDING
→
VLAAMSE ECOLOGIE - ENERGIE - EN MILIEUONDERNEMING
via Rik Van de Walle · Director (not named in the articles) and class B director · deed of 16-10-2026
Founded in 1999 · total assets €13.2m (2025)
→
GROENE ENERGIE HAVEN ANTWERPEN
via Rik Van de Walle · Chair · deed of 17-10-2024
Founded in 2013 · turnover €875,642 (2025)
→
FEDERATION BELGE DES ENTREPRISES ELECTRIQUES ET GAZIERES
via Rik Van de Walle · Director · deed of 07-09-2021
Founded in 2007 · 8.6 FTE (2025)
→
Virya Corporate Services I
via VAN LEEUW CONSULTING · Director · deed of 18-11-2021
Founded in 2021 · total assets €409,511 (2025) · group KORYS
→

Timeline

Timeline

35 events since 2015

Deadline for the 2026 accounts: 31-07-2027

2026
2 directors appointed, 1 statutory auditor appointedRik Van de Walle, Marlies Vlasselaer and Grant Thornton Bedrijfsrevisoren (statutory auditor) · General meeting of 15-05-20264 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2025 filed NBBfull format · 50 days before the deadline
Resignation: Van Leeuw Consulting BV (director)Appointment: Marlies Vlasselaer (director) · Board meeting of 02-04-20263 points ▸

Open the deed in the Belgian Official Gazette

2025
Registered office moved from Harelbeke to KortrijkNew registered office: President Kennedypark 8A bus 1, 8500 Kortrijk · Previous registered office: Vaarnewijkstraat 17, 8530 Harelbeke · General meeting of 16-12-20254 points ▸
  • General meeting, 16-12-2025
  • Amendment of the articles, article 5
  • Registered-office move, President Kennedypark 8A bus 1, 8500 Kortrijk
  • Power of attorney, Paul MASELIS
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

Registered in the Peppol Directory Reachable for e-invoices through 0208:0631913428
Annual accounts 2024 filed PDFfull format · 45 days before the deadline
2024
Amendment of the articlesGeneral meeting of 20-12-20243 points ▸
  • General meeting, 20-12-2024
  • Amendment of the articles, article 5
  • Power of attorney, Paul MASELIS
  • The deed holds 2 more points.

Open the deed in the Belgian Official Gazette

Resignations: Jan Vettenburg (director) and Eric Antoons (director)Board meeting of 08-03-20247 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2023 filed PDFfull format · 44 days before the deadline
Amendment of the articlesGeneral meeting of 21-12-20233 points ▸
  • General meeting, 21-12-2023
  • Amendment of the articles, article 5
  • Power of attorney, Morgane DEVRIESE
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

1 director appointed, 1 resignation, 1 statutory auditor reappointedResignation: Motoo Shimada · Appointment: Kenta Nishikawa · Reappointment: EY Bedrijfsrevisoren BV (statutory auditor) · General meeting of 19-05-20235 points ▸

Open the deed in the Belgian Official Gazette

2023
Annual accounts 2022 filed PDFfull format · 49 days before the deadline
2022
Amendment of the articlesGeneral meeting of 22-12-20223 points ▸
  • General meeting, 22-12-2022
  • Amendment of the articles, article 5
  • Power of attorney, Paul MASELIS

Open the deed in the Belgian Official Gazette

Annual accounts 2021 filed PDFfull format · 46 days before the deadline
2021
New directorVAN LEEUW CONSULTING appointed, COLRUYT Willem resigned · Permanent representative: VAN LEEUW François · General meeting of 15-07-20216 points ▸
  • General meeting, 15-07-2021
  • Amendment of the articles, article 5
  • Power of attorney, Morgane DEVRIESE
  • Director resignation, COLRUYT Willem
  • Director appointment, VAN LEEUW CONSULTING (director (not named in the articles))
  • Permanent representative, VAN LEEUW François
  • The deed holds 4 more points.

Open the deed in the Belgian Official Gazette

3 directors reappointedMotoo Shimada, Rik Van de Walle and Wim Colruyt · General meeting of 21-05-20214 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2020 filed PDFfull format · 65 days before the deadline
2020
Share cancellation · Amendment of the articlesGeneral meeting of 18-12-20203 points ▸
  • General meeting, 18-12-2020
  • Amendment of the articles, article 5
  • Power of attorney, Paul MASELIS
  • The deed holds 2 more points.

Open the deed in the Belgian Official Gazette

Reappointment: EY Bedrijfsrevisoren BV (statutory auditor)Permanent representative: Francis Boelens · General meeting of 15-05-20203 points ▸
  • General meeting, 15-05-2020
  • Auditor reappointment, EY Bedrijfsrevisoren BV (statutory auditor)
  • Permanent representative, Francis Boelens

Open the deed in the Belgian Official Gazette

Annual accounts 2019 filed PDFfull format · 50 days before the deadline
Amendment of the articles · Legal-form changeNORTHWIND holds 2,573,541 shares · NOBELWIND holds 1,779,625 shares · A&P WIND SERVICES holds 2 shares · General meeting of 20-12-20199 points ▸
  • General meeting, 20-12-2019
  • Incorporation, 09-06-2015
  • NORTHWIND holds 2,573,541 shares
  • NOBELWIND holds 1,779,625 shares
  • A&P WIND SERVICES holds 2 shares
  • Power of attorney, Johan Lagae, mentioned 3 times in the deed
  • Legal-form conversion, from coöperatieve vennootschap met beperkte aansprakelijkheid to private limited company
  • 4,353,168 shares
  • Power of attorney, Paul MASELIS
  • The deed holds 31 more points.

Open the deed in the Belgian Official Gazette

2019
Highest result from 2016 to 2025 net €388,805 ▲419% The operating result of €531,904 and the net result of €388,805 are both a record.
Annual accounts 2018 filed PDFfull format · 65 days before the deadline
2018
Weakest financial year net €74,908 ▼71.9% The net result drops to €74,908, the lowest from 2016 to 2025. It recovers the following year.
Liquidity more than doubled current ratio 62.87 The current ratio rises from 24.06 to 62.87. Short-term debt falls from €251,690 to €98,378.
Appointment: Motoo Shimada (director)Resignation: Hisayuki Doi (director) · General meeting of 18-05-20183 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2017 filed PDFfull format · 55 days before the deadline
2 directors appointed, 1 statutory auditor appointedHisayuki Doi, Wim Colruyt and Ernst & Young Bedrijfsrevisoren BCVBA (statutory auditor) · Permanent representative: Francis Boelens · General meeting of 19-05-20175 points ▸
  • General meeting, 19-05-2017
  • Director appointment, Hisayuki Doi
  • Director appointment, Wim Colruyt
  • Auditor appointment, Ernst & Young Bedrijfsrevisoren BCVBA (statutory auditor)
  • Permanent representative, Francis Boelens
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

2017
Annual accounts 2016 filed PDFfull format · 55 days before the deadline
Resignation: Yoichi Sakai (director)Appointment: Hisuyaki Doi (director) · Board meeting of 15-12-20163 points ▸

Open the deed in the Belgian Official Gazette

2016
Resignation: Biesemans Wim (director)Appointment: Colruyt Wim (director) · Board meeting of 17-12-20153 points ▸

Open the deed in the Belgian Official Gazette

2015
3 directors appointed, 3 resignationsResignations: Wim Biesemans, Rik Van De Walle and Yoichi Sakai · Appointments: Wim Biesemans, Rik Van De Walle and Yoichi Sakai · Capital of €18,550 · General meeting of 21-10-20158 points ▸

Open the deed in the Belgian Official Gazette

Capital increase of €98,402,377Capital from 0.00 to 98402377.00, 5,304,710 new shares · Resignations: Wim Biesemans, Rik Van De Walle and Yoichi Sakai · Appointments: Wim Biesemans, Rik Van De Walle and Yoichi Sakai · General meeting of 04-09-201510 points ▸

Open the deed in the Belgian Official Gazette

IncorporationFounding capital of €18,550, 1,000 shares · Appointments: Wim Biesemans (class A director), Rik Van De Walle (class B director) and Yoichi Sakai (class C director) · Mandate compensation: Wim Biesemans · published on 12-06-20158 points ▸

Open the deed in the Belgian Official Gazette

First establishment President Kennedypark 8A, Kortrijk

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

Cableco was incorporated on 10 June 2015, with a starting capital of €18,550.12 In 2015 the capital was increased by €98.4m.3 The registered office was moved to Kortrijk in 2025.4 The board currently has 4 members.5 Turnover fell from €6.8m in 2018 to €5.9m in 2025.6

  1. 1KBO register
  2. 2Belgian Official Gazette, 12-06-2015
  3. 3Belgian Official Gazette, 29-09-2015
  4. 4Belgian Official Gazette, 29-12-2025
  5. 5Belgian Official Gazette, 30-06-2026
  6. 6National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0631.913.428
VAT number
BE 0631.913.428
Peppol ID
0208:0631913428
Other Peppol ID
9925:BE0631913428
Legal form
Private limited company
Status
Active, normal situation
Founded
10-06-2015
Financial year
ends on 31 December
Peppol
Reachable since 27-11-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
Cableco in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 08-01-2020 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 29-12-2025 (in Dutch)

Activities

NACEBEL 2025
Codes under NACEBEL 2008
42220 Construction of utility projects for electricity and telecommunications main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Het geheel of gedeeltelijk bestuderen,ontwikkelen,bouwen,bezitten,beheren,exploiteren,onderhouden,laten onderhouden,verkopen,met…”
5 activities
  1. Het geheel of gedeeltelijk bestuderen,ontwikkelen,bouwen,bezitten,beheren,exploiteren,onderhouden,laten onderhouden,verkopen,met persoonlijke of zakelijke (gebruiks- en zekerheids-) rechten bezwaren,ter beschikking stellen of anderzijds vervreemden en verwijderen van onderzeese en ondergrondse kabels,transformatiestations (of onderdelen daarvan) op land of op zee en alle andere substantiële en / of accessoire onderdelen en uitrusting (waar ook in België of daarbuiten gelegen) nuttig voor het vervoer of de overbrenging naar het Belgische transmissienet en/of de Belgische distributienetten van elektriciteit geproduceerd door windturbines welke gelegen zijn of zullen zijn in de Belgische Exclusieve Economische Zone.
  2. De vennootschap zal door middel van inbreng,fusie,inschrijving of op om het even welke andere wijze,mogen deelnemen in ondernemingen,verenigingen,vennootschappen,die een gelijksoortig of bijhorend doel nastreven,of die nuttig zijn tot de algehele of gedeeltelijke verwezenlijking van haar voorwerp.
  3. De vennootschap kan leningen verstrekken aan groepsvennootschappen en derden en kan zowel tot waarborg van haar eigen verbintenissen,de verbintenissen van groepsvennootschappen,bestuurders,aandeelhouders als tot waarborg van de verbintenissen van derden,zich borg stellen,zich garant stellen of eender welke andere persoonlijke of zakelijke zekerheid verschaffen,ondermeer door haar goederen in hypotheek of in pand te geven (inclusief de eigen handelszaak) of een mandaat daartoe.
  4. De vennootschap kan eveneens optreden als agent,bestuurder,volmachtdrager,mandataris of vereffenaar in of voor andere vennootschappen en ondernemingen.
  5. Verder kan de vennootschap alle industriële,commerciële,handels-,burgerlijke,financiële en/of financieringsoperaties alsook roerende en onroerende verrichtingen uitvoeren,in België en in het buitenland,die zowel rechtstreeks als onrechtstreeks verband houden met het voorwerp of van aard zijn het voorwerp rechtstreeks of onrechtstreeks te begunstigen.
deed of 08-01-2020 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
President Kennedypark 8A registered office 8500 Kortrijk 35130 Electricity, gas, steam and air conditioning supply 10-06-2015 2.244.990.467
1 former office
  • Vaarnewijkstraat 17, 8530 Harelbeke until the deed of 29-12-2025

Buildings and parcels at the address

Ground area
5,043 m²
Buildings
811 m²
Volume, LiDAR
10,830 m³
Tallest building
17.6 m
Buildings to scale, each on its own parcel
811 m², 17.6 m 811 m², 17.6 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
34354D0092/00F0005,043 m² 1 · 811 m² 17.6 m · 4

Invoicing and payment

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0631.913.428