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ELECTRAWINDS

Open bankruptcy
Public limited companyfounded 1993Fortstraat 27, 8400 Oostende, BelgiumKBO/BCE: BE 0449.826.315
Summary

A bankruptcy procedure is open for ELECTRAWINDS according to publications in the Belgian State Gazette. The 2017 annual accounts show negative equity (-€2.2m) and a net result of -€5.9m.

ELECTRAWINDSOpen bankruptcy

Are you a creditor?

Open bankruptcy Source: Belgian Official Gazette

If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.

The procedure

Court
Enterprise Court of Ghent, Ostend division
Declared bankrupt
3 January 2019
Supervising judge
Jan Vercruysse
Official Gazette
09-01-2019 (pdf) ↗search the document for 2019/100410

Curators

  • Hugo DekeyzerTorhoutsesteenweg 266, 8210 Zedelgeminfo@dekeyzeradvocaten.be
  • Alain HinderyckxKortrijksesteenweg 567, 9000 Gentalain.hinderyckx@lexcom.be

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.

Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.

File a claim in RegSol ↗ Watch Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors

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Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2017 was due by 31-07-2018 and was filed on 20-07-2018, 11 days ahead of the deadline.
NBB · 8 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.

Checked, nothing found (1)
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

History

On 30 March 1993, ELECTRAWINDS was incorporated.1 The capital was increased 8 times between 2006 and 2012, most recently to EUR 133 million.234 In 2007 the registered office moved to Oostende.5 Revenue went from EUR 3.4 million in 2014 to EUR 410,120 in 2017 and headcount from 72.1 to 1.9 full-time equivalents.6 The company was declared bankrupt on 3 January 2019.7

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 29-12-2006
  3. 3Belgian State Gazette, 07-11-2012
  4. 4Belgian State Gazette, 21-11-2012
  5. 5Belgian State Gazette, 10-07-2007
  6. 6National Bank, annual accounts 2014 and 2017
  7. 7Belgian State Gazette, 09-01-2019

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2017, full schema, statutory accounts

Source amounts without an identifiable currency are assumed to be EUR.

Turnover
€410,120=
2016 · €410,120
EBIT margin
-1034.7%▼ 816.4pp
2016 · -218.3%
Net result
-€5.9m=
2016 · -€5.9m
Working capital
-€1.7m▼ 146%
2016 · -€674,486
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20132014201520162017
Turnover€3.4m-€3.4m=€889,504▼ 74.0%€410,120▼ 53.9%€410,120=
Operating result-€26.8m--€26.8m=-€1.7m▲ 93.8%-€895,090▲ 46.3%-€4.2m▼ 374%
Net result-€159.2m--€159.2m=€49.1m-€5.9m-€5.9m=
EBIT margin-783.1%--783.1%=-187.2%▲ 595.8pp-218.3%▼ 31.0pp-1034.7%▼ 816.4pp
Equity-€17.4m--€17.4m=€5.7m-€818,940-€2.2m▼ 170%
Total assets€131.7m-€131.7m=€10.2m▼ 92.2%€1.5m▼ 84.9%€1.5m=
Debt€148.3m-€148.3m=€3.9m▼ 97.4%€1.8m▼ 54.6%€2.4m▲ 34.1%
Working capital-€130.9m--€130.9m=-€412,659▲ 99.7%-€674,486▼ 63.4%-€1.7m▼ 146%
Staff (FTE)72.1-72.1=23.3▼ 67.7%1.9▼ 91.8%1.9=
Why a figure moved sharply
  • 2017 Equity -170% on 2016. Cause not known from the registers.
  • 2016 Turnover -54%, Total assets -85%, Staff (FTE) -92% on 2015. Cause not known from the registers.
  • 2015 Turnover -74%, Staff (FTE) -68% on 2014. Contribution of a branch of activity to Elicio, effective 28-05-2014, in the previous fiscal year; now counts for a full year for the first time.
  • 2015 Total assets -92% on 2014. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
-€200.0m-€100.0m€0Operating result 2013: -€26.8m-€26.8mNet result 2013: -€159.2m-€159.2mOperating result 2014: -€26.8m-€26.8mNet result 2014: -€159.2m-€159.2mOperating result 2015: -€1.7m-€1.7mNet result 2015: €49.1m€49.1mOperating result 2016: -€895,090-€895,090Net result 2016: -€5.9m-€5.9mOperating result 2017: -€4.2m-€4.2mNet result 2017: -€5.9m-€5.9m20132014201520162017-€20m€0€20m€40mOperating result 2015: -€1.7m-€1.7mNet result 2015: €49.1m€49mOperating result 2016: -€895,090-€895,000Net result 2016: -€5.9m-€5.9mOperating result 2017: -€4.2m-€4.2mNet result 2017: -€5.9m-€5.9m201520162017
The operating result stays negative: a loss of €4.2m in 2017 against €895,090 in 2016; the loss grows.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €1.5m
Fixed assets €842,312 =
Current assets €695,352 =
Key figures and ratios
2017 value · change against 2016
EBITDA
-€4.2m▼
2016 · -€885,559
Cash flow
-€5.9m=
2016 · -€5.9m
Solvency
-143.6%▼
2016 · -53.3%
Current ratio
0.30▼
2016 · 0.51
Debt to equity
-0.19▲
2016 · -2.18
ROA
-381.5%=
2016 · -381.5%
Interest coverage
-173.30▼
2016 · -87.84
Debt ≤ 1 year
€2.4m▲
2016 · €1.4m
Debt > 1 year
€408,872=
2016 · €408,873
Income taxes
€4,357=
2016 · €4,357
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2017 against 2016 · 80 lines
Balance sheet Code20162017
Assets
Total assets20/58€1.5m€1.5m=
Formation expenses20-€0
Fixed assets21/28€842,311€842,312=
Intangible fixed assets21€6,650€6,650=
Tangible fixed assets22/27€5,021€5,021=
Furniture and vehicles24€5,021-
Financial fixed assets28€830,640€830,640=
Affiliated companies280/1€830,640-
Participating interests280€829,742-
Amounts receivable281€898-
Current assets29/58€695,350€695,352=
Amounts receivable after more than one year29€1-
Other amounts receivable291€1-
Amounts receivable within one year40/41€285,067€358,085▲
Trade receivables40€180,143-
Other amounts receivable41€104,924-
Current investments50/53-€9
Cash at bank and in hand54/58€405,442€405,442=
Deferred charges and accrued income490/1€4,840-
Equity and liabilities
Total equity and liabilities10/49€1.5m€1.5m=
Equity10/15-€818,940-€2.2m▼
Contributions10/11€132.9m€132.9m=
Capital10€132.9m-
Issued capital100€132.9m-
Reserves13€4.2m€4.2m=
Legal reserve130€754,599-
Tax-exempt reserves132€3.3m-
Distributable reserves133€219,487-
Profit (loss) carried forward14-€138.0m-€139.4m▼
Provisions and deferred taxes16€573,749€703,749▲
Provisions for liabilities and charges160/5€573,749-
Other liabilities and charges164/5€573,749-
Amounts payable17/49€1.8m€2.4m▲
Amounts payable after more than one year17€408,873€408,872=
Trade debts175€269,504-
Suppliers1750€269,504-
Other amounts payable178/9€139,369-
Amounts payable within one year42/48€1.4m€2.4m▲
Current portion of amounts payable after more than one year42€49,480-
Trade debts44€1.0m€1.2m▲
Suppliers440/4€1.0m-
Taxes, remuneration and social security45€59,502-
Taxes450/3€25,082-
Remuneration and social security454/9€34,420-
Other amounts payable47/48€248,930-
Accrued charges and deferred income492/3€4,143-
Income statement Code20162017
Operating income70/76A€1.3m-
Turnover70€410,120€410,120=
Other operating income74€841,971-
Non-recurring operating income76A€5,120-
Operating charges60/66A€2.2m-
Goods for resale, raw materials and consumables60€605-
Purchases600/8€605-
Services and other goods61€912,633-
Remuneration, social security and pensions62€74,611-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,531€10,220▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€258,720-
Other operating charges640/8€19,067-
Non-recurring operating charges66A€877,134-
Operating profit (loss)9901-€895,090-€4.2m▼
Financial income75/76B€855,810-
Recurring financial income75€743,297€743,297=
Income from financial fixed assets750€735,746-
Income from current assets751€6,189-
Other financial income752/9€1,362-
Non-recurring financial income76B€112,513-
Financial charges65/66B€5.8m-
Recurring financial charges65€64,024€64,025=
Debt charges650€10,082€24,427▲
Other financial charges652/9€53,942-
Non-recurring financial charges66B€5.8m-
Profit (loss) for the period before taxes9903-€5.9m-€5.9m=
Income taxes67/77€4,357€4,357=
Taxes670/3€4,357-
Profit (loss) for the period9904-€5.9m-€5.9m=
Profit (loss) for the period to be appropriated9905-€5.9m-€5.9m=
Appropriation of the result
Profit (loss) to be appropriated9906-€138.0m-
Profit (loss) brought forward from the previous period14P-€132.1m-
Return on contributions (dividend)694-€0
Social balance
Average headcount (FTE)90871.9-
Line20132014201520162017Change
Operating income70/76A---€1.3m--
Turnover70€3.4m€3.4m€889,504€410,120€410,120=
Other operating income74---€841,971--
Non-recurring operating income76A---€5,120--
Operating charges60/66A---€2.2m--
Goods for resale, raw materials and consumables60---€605--
Purchases600/8---€605--
Services and other goods61---€912,633--
Remuneration, social security and pensions62---€74,611--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10.3m€10.3m€1.1m€9,531€10,220▲ 7.2%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4---€258,720--
Other operating charges640/8---€19,067--
Non-recurring operating charges66A---€877,134--
Operating profit (loss)9901-€26.8m-€26.8m-€1.7m-€895,090-€4.2m▼ 374%
Financial income75/76B---€855,810--
Recurring financial income75€12.4m€12.4m€4.9m€743,297€743,297=
Income from financial fixed assets750---€735,746--
Income from current assets751---€6,189--
Other financial income752/9---€1,362--
Non-recurring financial income76B---€112,513--
Financial charges65/66B---€5.8m--
Recurring financial charges65€12.9m€12.9m€1.9m€64,024€64,025=
Debt charges650€12.7m€12.7m€1.9m€10,082€24,427▲ 142%
Other financial charges652/9---€53,942--
Non-recurring financial charges66B---€5.8m--
Profit (loss) for the period before taxes9903-€159.2m-€159.2m€49.2m-€5.9m-€5.9m=
Income taxes67/77€18,753€117,781€117,781€4,357€4,357=
Taxes670/3---€4,357--
Profit (loss) for the period9904-€159.2m-€159.2m€49.1m-€5.9m-€5.9m=
Profit (loss) for the period to be appropriated9905-€159.2m-€159.2m€45.8m-€5.9m-€5.9m=
Line20132014201520162017Change
Assets
Total assets20/58€131.7m€131.7m€10.2m€1.5m€1.5m=
Formation expenses20€1.9m€1.9m€837,916-€0-
Fixed assets21/28€127.6m€127.6m€8.3m€842,311€842,312=
Intangible fixed assets21€157,237€157,237€20,000€6,650€6,650=
Tangible fixed assets22/27€3.5m€3.5m€21,843€5,021€5,021=
Furniture and vehicles24---€5,021--
Financial fixed assets28€122.0m€122.0m€7.4m€830,640€830,640=
Affiliated companies280/1---€830,640--
Participating interests280---€829,742--
Amounts receivable281---€898--
Current assets29/58€4.1m€4.1m€2.1m€695,350€695,352=
Amounts receivable after more than one year29---€1--
Other amounts receivable291---€1--
Amounts receivable within one year40/41€3.9m€3.9m€1.8m€285,067€358,085▲ 25.6%
Trade receivables40---€180,143--
Other amounts receivable41---€104,924--
Current investments50/53----€9-
Cash at bank and in hand54/58€115,238€216,395€216,395€405,442€405,442=
Deferred charges and accrued income490/1---€4,840--
Equity and liabilities
Total equity and liabilities10/49€131.7m€131.7m€10.2m€1.5m€1.5m=
Equity10/15-€17.4m-€17.4m€5.7m-€818,940-€2.2m▼ 170%
Contributions10/11€132.9m€132.9m€132.9m€132.9m€132.9m=
Capital10---€132.9m--
Issued capital100---€132.9m--
Reserves13€974,086€4.2m€4.2m€4.2m€4.2m=
Legal reserve130---€754,599--
Tax-exempt reserves132---€3.3m--
Distributable reserves133---€219,487--
Profit (loss) carried forward14-€177.3m-€177.3m-€177.3m-€138.0m-€139.4m▼ 1.0%
Provisions and deferred taxes16€887,134€887,134€573,749€573,749€703,749▲ 22.7%
Provisions for liabilities and charges160/5---€573,749--
Other liabilities and charges164/5---€573,749--
Amounts payable17/49€148.3m€148.3m€3.9m€1.8m€2.4m▲ 34.1%
Amounts payable after more than one year17€10.5m€10.5m€1.4m€408,873€408,872=
Trade debts175---€269,504--
Suppliers1750---€269,504--
Other amounts payable178/9---€139,369--
Amounts payable within one year42/48€135.0m€135.0m€2.5m€1.4m€2.4m▲ 71.8%
Current portion of amounts payable after more than one year42---€49,480--
Trade debts44€5.3m€5.3m€1.5m€1.0m€1.2m▲ 19.9%
Suppliers440/4---€1.0m--
Taxes, remuneration and social security45---€59,502--
Taxes450/3---€25,082--
Remuneration and social security454/9---€34,420--
Other amounts payable47/48---€248,930--
Accrued charges and deferred income492/3---€4,143--
Line20132014201520162017Change
Profit (loss) for the period9904-€159.2m-€159.2m€49.1m-€5.9m-€5.9m=
+ Depreciation and write-downs630€10.3m€10.3m€1.1m€9,531€10,220▲ 7.2%
Operating cash flow (approximation)-€148.9m-€148.9m€50.2m-€5.9m-€5.9m=
Investment in fixed assets (approximation)--€10.3m€118.2m€7.5m-€10,220▼ 100%
Change in cash-€101,156€0€189,047€0▼ 100.0%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2019
09-01
Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Oostende · event 03-01-2019
2018
24-10
State Gazette act Resignation: Figurad Bedrijfsrevisoren (statutory auditor)
2 facts ▸
  • General meeting, 05-10-2018
  • Director resignation, Figurad Bedrijfsrevisoren (statutory auditor)
20-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
07-11
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 99 days late
25-09
State Gazette act Statutes amendment
3 facts ▸
  • General meeting, 30-08-2017
  • Statutes amendment
  • Statutes amendment
12-09
State Gazette act Resignation: Ernst & Young Bedrijfsrevisoren (statutory auditor)
Permanent representatives: Marleen Mannekens and Ann Van Vlaenderen · Appointment: Figurad Bedrijfsrevisoren (statutory auditor) · Mandate term6 facts ▸
  • General meeting, 15-05-2017
  • Director resignation, Ernst & Young Bedrijfsrevisoren (statutory auditor)
  • Permanent representative, Marleen Mannekens
  • Auditor appointment, Figurad Bedrijfsrevisoren (statutory auditor)
  • Permanent representative, Ann Van Vlaenderen
  • Mandate term, tot de algemene vergadering die een beslissing zal nemen over de goedkeuring van de jaarrekening van het boekjaar 2019
22-05
State Gazette act Resignations: PDSConsulting BVBA (director) and LDS NV (director)
Appointments: Luc Desender (vervangende bestuurder) and Clercus BVBA (managing director) · Reappointment: Luc Desender (director) · Director discharge11 facts ▸
  • Board meeting, 29-03-2017
  • Director resignation, PDSConsulting BVBA (director)
  • Director resignation, LDS NV (director)
  • Director appointment, Luc Desender (vervangende bestuurder)
  • Director appointment, Clercus BVBA (managing director)
  • General meeting, 07-04-2017
  • Director discharge, Patrick D'Helft (gerechtsmandataris)
  • Director discharge, Patrick Coulier (gerechtsmandataris)
  • Director discharge, Bertin Pouseele (gerechtsmandataris)
  • Director discharge, PDSConsulting BVBA (director)
  • Director reappointment, Luc Desender (director)
2016
21-12
State Gazette act Appointment: Clercus bvba (director)
Permanent representative: Guy De Clereq4 facts ▸
  • Board meeting, 08-05-2014
  • General meeting, 22-11-2016
  • Director appointment, Clercus bvba (director)
  • Permanent representative, Guy De Clereq
09-11
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 101 days late
29-09
NBB filing Annual accounts filed
fiscal year 2014 · full schema · 426 days late
2015
31-12
Financial Back to profitnet €49.1m
Net result €49.1m after 2 loss-making years.
31-12
Financial Equity above €5mEq €5.7m
Equity rises from -€17.4m to €5.7m.
Show earlier events
12-08
NBB filing Annual accounts filed
fiscal year 2013 · full schema · 377 days late
21-01
State Gazette act Resignation: LDS NV (managing director)
Appointment: PDS Consulting BVBA (managing director)5 facts ▸
  • Board meeting, 02-12-2014
  • Director resignation, LDS NV (managing director)
  • Director resignation, LDS NV (ceo)
  • Director appointment, PDS Consulting BVBA (managing director)
  • Director appointment, PDS Consulting BVBA (ceo)
2014
11-08
State Gazette act Capital & shares
Demerger · Accounting effect · Reorganization plan5 facts ▸
  • Demerger, Alle Belgische windenergieprojecten in ontwikkeling, zowel op zee als op het vasteland, met betrekking tot dewelke de Overdragende Vennootschap enige zakelijke…
  • Accounting effect, 01-04-2014
  • Reorganization plan, Reorganisatieplan neergelegd op 27 maart 2014, gehomologeerd in diezelfde procedure; vorderingen van gewone schuldeisers onderhevig aan dit plan blijven bij de…
  • Transfer proposal, 28-05-2014
  • Asset exclusion, Limitatieve lijst van activa die niet nodig of nuttig zijn voor de uitbating van de bedrijfstak, die eigendom blijven van de Overdragende Vennootschap, gevoegd…
18-06
State Gazette act Resignation: Buraco (chair and director)
Appointment: Clercus (vervangende bestuurder) · Permanent representative: Guy De Clercq · Registered-office move7 facts ▸
  • Board meeting, 09-05-2014
  • Director resignation, Buraco (chair and director)
  • Director appointment, Clercus (vervangende bestuurder)
  • Director appointment, Clercus (chair)
  • Permanent representative, Guy De Clercq
  • Board meeting, 01-06-2014
  • Registered-office move, Fortstraat 27 te 8400 Oostende
11-06
State Gazette act Capital & shares
Demerger2 facts ▸
  • Board meeting, 23-05-2014
  • Demerger, 28-05-2014
25-04
State Gazette act Permanent representatives: Marleen Mannekens and Stefaan Rabaey
3 facts ▸
  • General meeting, 27-05-2013
  • Permanent representative, Marleen Mannekens
  • Permanent representative, Stefaan Rabaey
06-01
State Gazette act Resignation: MERCODI (director)
Permanent representative: Jo Cornu3 facts ▸
  • Board meeting, 08-11-2013
  • Director resignation, MERCODI (director)
  • Permanent representative, Jo Cornu
2013
21-11
State Gazette act Capital & shares
Approval3 facts ▸
  • General meeting, 17-07-2013
  • Approval, 17-07-2013
  • Approval, 17-07-2013
06-08
NBB filing Annual accounts filed
fiscal year 2012 · full schema · 6 days late
2012
21-11
State Gazette act Resignations: LDS, PAUL DESENDER CONSULTING and 9 others
Appointments: LDS, PAUL DESENDER CONSULTING and 2 others · Permanent representatives: DESENDER Luc Robert, DESENDER Paul Emiel and 5 others · Statutes amendment32 facts ▸
  • General meeting, 26-10-2012
  • Statutes amendment
  • Share cancellation, Vernietiging van Achtergestelde Schuld Warrants
  • Capital increase, €6.593.672,16
  • Bank account, 676-2714220-29 bij Bank Degroof
  • Reserve creation, Boeking van uitgiftepremie € 35.506.327,84 op onbeschikbare rekening
  • Capital increase, €35.506.327,84
  • Capital increase, €26.077.545,02
  • Capital, €132.949.846,15
  • Director resignation, LDS (director)
  • Director resignation, PAUL DESENDER CONSULTING (director)
  • Director resignation, Buraco (director)
  • +20 further facts in this act
07-11
State Gazette act Capital & shares · Statutes amendment
Capital increase · Capital · Power of attorney4 facts ▸
  • Capital increase, €2.113.384,19
  • Capital, €64.772.301,13
  • Statutes amendment
  • Power of attorney, ELECTRAWINDS
31-08
NBB filing Annual accounts filed
fiscal year 2011 · consolidated
25-07
NBB filing Annual accounts filed
fiscal year 2011 · full schema
03-02
State Gazette act Capital & shares · Statutes amendment
Capital increase · Capital · Power of attorney4 facts ▸
  • Capital increase, €1.556.674,02
  • Capital, €62.658.916,94
  • Statutes amendment
  • Power of attorney, Alexandre Yves Vandekerckhove
2011
03-10
State Gazette act Capital & shares · Statutes amendment
Share issue · Capital increase · Power of attorney8 facts ▸
  • General meeting, 09-09-2011
  • Share issue, 1040582, Achtergestelde Schuld Warrants
  • Capital increase
  • Power of attorney, Raad van bestuur van ELECTRAWINDS
  • Loan agreement, Achtergestelde FPIM Leningsovereenkomst
  • Loan agreement, Achtergestelde PMV Leningsovereenkomst
  • Issue premium, intrinsic benefit of below-market interest rate vs market rate, equal to discounted value of the difference
  • Warrant terms, 25-08-2011
31-08
State Gazette act Reappointment: Grant Thornton, Lippens & Rabaey BV CVBA (statutory auditor)
Permanent representative: Luc Desender3 facts ▸
  • General meeting, 01-06-2011
  • Auditor reappointment, Grant Thornton, Lippens & Rabaey BV CVBA
  • Permanent representative, Luc Desender
08-08
NBB filing Annual accounts filed
fiscal year 2010 · consolidated
05-07
NBB filing Annual accounts filed
fiscal year 2010 · full schema
15-02
State Gazette act Resignation: Jeroen Mouton (member of the executive committee)
Appointment: Buraco NV (waarnemend voorzitter)3 facts ▸
  • Director resignation, Jeroen Mouton (member of the executive committee)
  • Director appointment, Buraco NV (waarnemend voorzitter)
  • Board meeting, 10-05-2010
26-01
State Gazette act Capital & shares · Statutes amendment
Capital increase · Bank account · Capital7 facts ▸
  • General meeting, 31-12-2010
  • Capital increase, €1.888.659,96
  • Bank account, Dexia Bank, 068-8917710-42
  • Capital increase, €13.111.358,4
  • Capital, €60.397.760,12
  • Statutes amendment
  • Preemptive rights cancellation, Opheffing van het voorkeurrecht van de aandeelhouders en warranthouders in het kader van een kapitaalverhoging, ten gunste van de Begunstigden, overeenkomstig a…
26-01
State Gazette act Capital & shares · Statutes amendment
Capital increase · Bank account · Capital5 facts ▸
  • General meeting, 24-12-2009
  • Capital increase, €704.482,8
  • Bank account, 068-8917711-43
  • Capital, €61.102.242,92
  • Power of attorney, Alexandre Yves Vandekerckhove
2010
25-06
State Gazette act Reappointments: BURACO NV, LDS NV and 2 others
Appointments: Dirk Dewals, Mercodi BVBA and 9 others · Correction18 facts ▸
  • General meeting, 31-05-2010
  • Director reappointment, BURACO NV (director)
  • Director reappointment, LDS NV (director)
  • Director reappointment, PDS Consulting BVBA (director)
  • Director appointment, Dirk Dewals (director)
  • Director appointment, Mercodi BVBA (director)
  • Director appointment, NV LDS (lid directiecomité)
  • Director appointment, BVBA PDS Consulting (lid directiecomité)
  • Director appointment, BVBA Peso Verde (lid directiecomité)
  • Director appointment, BVBA Defilien (lid directiecomité)
  • Director appointment, BVBA Jasylco (lid directiecomité)
  • Director appointment, BVBA Merv-C (lid directiecomité)
  • +6 further facts in this act
01-06
State Gazette act Resignation: JVL (director and chair)
Appointment: Paul Vandekerckhove (waarnemend voorzitter)4 facts ▸
  • Board meeting, 10-05-2010
  • Director resignation, JVL (director and chair)
  • Director appointment, Paul Vandekerckhove (waarnemend voorzitter)
  • Board resolution, voorlopig niet in de vervanging als bestuurder te voorzien
25-01
State Gazette act Appointments: Peter Maenhout (as bestuurder) and Winpar NV (director)
Permanent representative: Alexandre Vandekerckhove · Capital · Share issue16 facts ▸
  • General meeting, 24-12-2009
  • Capital, €45.397.741,76
  • Share issue, 910510, Serie Drie Achtergestelde Schuldwarrants
  • Capital increase
  • Approval, 24-12-2009
  • Power of attorney, Electrawinds
  • Power of attorney, Electrawinds
  • Statutes amendment
  • Director appointment, Peter Maenhout (as bestuurder (op voordracht van gimv en gimv xl partners))
  • Director appointment, Winpar NV (director)
  • Permanent representative, Alexandre Vandekerckhove
  • Mandate compensation, Peter Maenhout
  • +4 further facts in this act
2009
30-11
State Gazette act Appointment: Société Fédérale de Participations et d'Investissements/ Federale Participatie-en Investeringsmaatschappij (director)
Permanent representative: Rudi Vander Vennet · Capital increase · Bank account10 facts ▸
  • General meeting, 04-11-2009
  • Capital increase, €1.009.591,52
  • Bank account, BE41 7310 0679 3510
  • Reserve release, 8992650.24, Vilgiftepremies
  • Capital increase, €8.992.650,24
  • Capital, €45.397.241,76
  • Statutes amendment
  • Director appointment, Société Fédérale de Participations et d'Investissements/ Federale Participatie-en Investeringsmaatschappij (director)
  • Permanent representative, Rudi Vander Vennet
  • Mandate compensation, Société Fédérale de Participations et d'Investissements/ Federale Participatie-en Investeringsmaatschappij
14-09
State Gazette act Appointment: CV Grant Thornton (statutory auditor)
Permanent representatives: Stefaan Rabaey and Luc Desender4 facts ▸
  • General meeting, 23-06-2008
  • Auditor appointment, CV Grant Thornton (statutory auditor)
  • Permanent representative, Stefaan Rabaey
  • Permanent representative, Luc Desender
16-03
State Gazette act Resignations: Pieter de Jong (director) and Dirk Kooman (director)
4 facts ▸
  • Board meeting, 26-08-2008
  • Director resignation, Pieter de Jong (director)
  • Board meeting, 06-11-2008
  • Director resignation, Dirk Kooman (director)
2008
01-10
State Gazette act Capital & shares · Statutes amendment
Registered-office move · Share issue · Capital increase7 facts ▸
  • General meeting, 11-09-2008
  • Registered-office move, 8400 Oostende, John Cordierlaan 9
  • Share issue, Aandelenopties
  • Capital increase
  • Share cancellation, E-Warrants, 277375
  • Statutes amendment
  • Power of attorney, ELECTRAWINDS
08-09
State Gazette act Appointment: NV LDS (director)
Registered-office move3 facts ▸
  • Board meeting, 15-07-2008
  • Registered-office move, John Cordierlaan 9, 8400 Oostende (Zandvoorde)
  • Director appointment, NV LDS
2007
10-07
State Gazette act Resignations: Luc Desender (bestuurder, gedelegeerd bestuurder en voorzitter van de raad van bestuur) and BV KBM BEHEER (director)
Appointments: NV LDS (director) and Dirk Kooman (director) · Permanent representative: Luc Desender · Registered-office move9 facts ▸
  • Board meeting, 27-06-2007
  • Registered-office move, 8400 Oostende, Wetenschapspark 1 - Plassendale I
  • Director resignation, Luc Desender (bestuurder, gedelegeerd bestuurder en voorzitter van de raad van bestuur)
  • Director appointment, NV LDS (director)
  • Director appointment, NV LDS (chair of the board)
  • Director appointment, NV LDS (managing director)
  • Director resignation, BV KBM BEHEER (director)
  • Director appointment, Dirk Kooman (director)
  • Permanent representative, Luc Desender
05-01
State Gazette act Reappointments: PDS Consulting, Bertrand Bornhauser and Buraco
Appointments: Pieter de Jong (director) and KBM Beheer BV (director) · Capital increase · Share issue11 facts ▸
  • General meeting, 13-12-2006
  • Capital increase, €30.000.000
  • Share issue, op naam, zonder nominale waarde, B
  • Statutes amendment
  • Share issue, opschortende voorwaarde van uitoefening
  • Power of attorney, ELECTRAWINDS
  • Director reappointment, PDS Consulting (director)
  • Director reappointment, Bertrand Bornhauser (director)
  • Director reappointment, Buraco (director)
  • Director appointment, Pieter de Jong (director)
  • Director appointment, KBM Beheer BV (director)
2006
29-12
State Gazette act Capital & shares
Approval · Capital increase · Statutes amendment4 facts ▸
  • General meeting, 08-12-2006
  • Approval
  • Capital increase, €5.334.000
  • Statutes amendment
SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
31 of 31 acts read

Directors · office · real estate

Directors
13 directors, no change since 2017

Board 13

CLERCUS
Chair · since 09-05-2014 · Vervangende bestuurder · since 09-05-2014 · Legal entity · perm. rep.: Guy De Clercq
Not recently confirmed
PDS Consulting
Director · since 01-12-2006 · Legal entity
Not recently confirmed
SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT
Director · since 04-11-2009 · Public limited company · perm. rep.: Rudi Vander Vennet
Not recently confirmed
Peter Maenhout
As bestuurder (op voordracht van gimv en gimv xl partners) · since 24-12-2009
Not recently confirmed
BURACO NV
Waarnemend voorzitter · since 10-05-2010 · Legal entity
Not recently confirmed
Paul Vandekerckhove
Waarnemend voorzitter · since 10-05-2010
Not recently confirmed
Dirk Dewals
Director · since 31-05-2010
Not recently confirmed
Mercodi BVBA
Director · since 31-05-2010 · Legal entity
Not recently confirmed
Show all 13 directors
PDS Consulting BVBA
Director · since 31-05-2010 · Legal entity
Not recently confirmed
LDS
Director · since 26-10-2012 · Legal entity · perm. rep.: DESENDER Luc Robert
Not recently confirmed
PAUL DESENDER CONSULTING
Director · since 26-10-2012 · Legal entity · perm. rep.: DESENDER Paul Emiel
Not recently confirmed
Clercus bvba
Director · since 08-05-2014 · Legal entity · perm. rep.: Guy De Clereq
Not recently confirmed
DESENDER Luc
Vervangende bestuurder · since 29-03-2017
Not recently confirmed

Day-to-day management 9

PDS Consulting BVBA
Managing director · since 01-12-2009 · Legal entity
Not recently confirmed
Clercus bvba
Managing director · since 29-03-2017 · Legal entity · perm. rep.: Guy De Clereq
Not recently confirmed
BVBA Jasylco
Lid directiecomité · since 01-12-2009 · Legal entity
Not recently confirmed
BVBA Merv-C
Lid directiecomité · since 01-12-2009 · Legal entity
Not recently confirmed
BVBA Triple A Consulting
Lid directiecomité · since 01-12-2009 · Legal entity
Not recently confirmed
BVBA Yante
Lid directiecomité · since 01-12-2009 · Legal entity
Not recently confirmed
Defilien BVBA
Lid directiecomité · since 01-12-2009 · Legal entity
Not recently confirmed
Jeroen Mouton Comm. V.
Lid directiecomité · since 01-12-2009 · Legal entity
Not recently confirmed
Show all 9 office holders
Peso Verde BVBA
Lid directiecomité · since 01-12-2009 · Legal entity
Not recently confirmed

Permanent representatives 5

Rudi Vander Vennet
Permanent representative · since 04-11-2009 · for SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT
Not recently confirmed
DESENDER Luc Robert
Permanent representative · since 26-10-2012 · for LDS
Not recently confirmed
DESENDER Paul Emiel
Permanent representative · since 26-10-2012 · for PAUL DESENDER CONSULTING
Not recently confirmed
Guy De Clereq
Permanent representative · since 08-05-2014 · for Clercus bvba
Not recently confirmed
Guy De Clercq
Permanent representative · since 09-05-2014 · for CLERCUS
Not recently confirmed

Other functions 1

Peter Maenhout
As bestuurder (op voordracht van gimv en gimv xl partners) · since 24-12-2009
Not recently confirmed
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Oostende · 1 establishment unit since 2002
seat establishment The establishment unit on the map
Ground area
1.3 ha
Building footprint
1,822 m²
Volume, LiDAR
15,134 m³
2 parcels, Flanders · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
13 companies at this address See who is registered here
1 establishment unit
ELECTRAWINDS
John Cordierlaan 9, 8400 OostendeNACE 5010101
since 20022.061.932.958
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
35026B0187/00A000 Flanders 1.2 ha 1 · 1,305 m² 11.8 m · 3 fl.
35382D0707/00Y000 Flanders 704 m² 1 · 517 m² 7.9 m · 2 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

39 people since 2006, 20 in office
Show
  • Board
  • Day-to-day management
  • Statutory auditor
  • Other function
  • not recently confirmed
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
PDS Consulting
  • Director, already before 01-12-2006 not ended, last confirmed 05-01-2007
DESENDER Luc
  • Bestuurder, gedelegeerd bestuurder en voorzitter van de raad van bestuur, until 04-07-2007
  • Bestuurder, gedelegeerd bestuurder en voorzitter van de raad van bestuur, until 04-07-2007
  • Vervangende bestuurder, from 29-03-2017 not ended, last confirmed 22-05-2017
SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT
  • Director, from 04-11-2009 not ended, last confirmed 30-11-2009
PDS Consulting BVBA
  • Lid directiecomité, from 01-12-2009 not ended, last confirmed 21-01-2015
  • Director, already before 31-05-2010 not ended, last confirmed 25-06-2010
Peter Maenhout
  • As bestuurder (op voordracht van gimv en gimv xl partners), from 24-12-2009 not ended, last confirmed 25-01-2010
  • As bestuurder (op voordracht van gimv en gimv xl partners), from 24-12-2009 not ended, last confirmed 25-01-2010
BURACO NV
  • Waarnemend voorzitter, from 10-05-2010 not ended, last confirmed 15-02-2011
Paul Vandekerckhove
  • Waarnemend voorzitter, from 10-05-2010 not ended, last confirmed 01-06-2010
Dirk Dewals
  • Director, from 31-05-2010 not ended, last confirmed 25-06-2010
Mercodi BVBA
  • Director, from 31-05-2010 not ended, last confirmed 25-06-2010
LDS
  • Director, already before 26-10-2012 not ended, last confirmed 21-11-2012
PAUL DESENDER CONSULTING
  • Director, already before 26-10-2012 not ended, last confirmed 21-11-2012
Clercus bvba
  • Director, from 08-05-2014 not ended, last confirmed 21-12-2016
  • Managing director, from 29-03-2017 not ended, last confirmed 22-05-2017
CLERCUS
  • Chair, from 09-05-2014 not ended, last confirmed 18-06-2014
  • Vervangende bestuurder, from 09-05-2014 not ended, last confirmed 18-06-2014
BVBA Jasylco
  • Lid directiecomité, from 01-12-2009 not ended, last confirmed 25-06-2010
BVBA Merv-C
  • Lid directiecomité, from 01-12-2009 not ended, last confirmed 25-06-2010
BVBA Triple A Consulting
  • Lid directiecomité, from 01-12-2009 not ended, last confirmed 25-06-2010
BVBA Yante
  • Lid directiecomité, from 01-12-2009 not ended, last confirmed 25-06-2010
Defilien BVBA
  • Lid directiecomité, from 01-12-2009 not ended, last confirmed 25-06-2010
Jeroen Mouton Comm. V.
  • Lid directiecomité, from 01-12-2009 not ended, last confirmed 25-06-2010
Peso Verde BVBA
  • Lid directiecomité, from 01-12-2009 not ended, last confirmed 25-06-2010
Figurad Bedrijfsrevisoren
  • Statutory auditor, from 15-05-2017 to 05-10-2018
Ernst & Young Bedrijfsrevisoren
  • Statutory auditor, until 03-05-2017
LDS NV
  • Chair of the board, from 27-06-2007 ended, last mentioned 10-07-2007
  • Director, from 27-06-2007 to 07-04-2017
  • Managing director, from 27-06-2007 to 02-12-2014
  • Ceo, until 02-12-2014
PDSConsulting BVBA
  • Director, until 07-04-2017
Buraco
  • Director, already before 01-12-2006 ended, last mentioned 21-11-2012
  • Chair and director, until 08-05-2014
Mercodi
  • Director, already before 26-10-2012 to 24-12-2013
Bertrand Bornhauser
  • Director, already before 01-12-2006 to 26-10-2012
DEWALS Dirk Frank
  • Director, until 26-10-2012
MAENHOUT Peter Stefaan
  • Director, until 26-10-2012
Manuel Erick VANDENBULCKE
  • Director, until 26-10-2012
Société Fédérale de Participations et d'Investissements / Federale Participatie- en Investeringsmaatschappij
  • Director, until 26-10-2012
Winpar
  • Director, until 26-10-2012
PARTICIPATIEMAATSCHAPPIJ VLAANDEREN
  • Director, until 22-10-2012
Grant Thornton, Lippens & Rabaey BV CVBA
  • Auditor, from 01-06-2011 to 31-08-2011
CV Grant Thornton
  • Statutory auditor, from 23-06-2008 to 01-06-2011
JVL
  • Director and chair, until 20-05-2010
Dirk Kooman
  • Director, from 27-06-2007 to 06-03-2009
Pieter de Jong
  • Director, from 13-12-2006 to 06-03-2009
KBM Beheer BV
  • Director, from 13-12-2006 to 04-07-2007
See the board, name and seat on a given date →

Insolvency mandates

2 mandates
Role Name Tenure
Curator HUGO DEKEYZER
Torhoutsesteenweg 266, 8210 ZEDELGEM
03-01-2019 → present
Curator ALAIN HINDERYCKX
KORTRIJKSESTEENWEG 567, 9000 GENT-
03-01-2019 → present

Articles of association

Purpose
De vennootschap heeft als doel: (A) Voor eigen rekening: (a) Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen... (b) Het aanleggen, het…
Full purpose

De vennootschap heeft als doel: (A) Voor eigen rekening: (a) Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen... (b) Het aanleggen, het oordeelkundig uitbouwen en beheren van een roerend patrimonium... (B) De productie, verkoop en verdeling van elektriciteit op basis van windenergie en andere alternatieve energiebronnen... (C) Voor eigen rekening, voor rekening van derden, of in deelneming met derden: (a) het verwerven van participaties... (b) het verstrekken van leningen... (c) het verlenen van adviezen... (d) het waarnemen van alle bestuursopdrachten... (e) het ontwikkelen, kopen, verkopen... (f) het verlenen van administratieve prestaties... (g) de aan- en verkoop... (h) het onderzoek, de ontwikkeling... (D) Bijzondere bepalingen...

Structure & network

Connections & network

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Ownership & control

3 board mandates
Board mandates of this companythis company sits on their board3

Acquisitions and mergers

1 transaction
Contributed a branch of activity to:Elicio
BE 0552.775.977State Gazette act of 11-08-2014 (2 acts) · effective 28-05-2014

Capital and shareholders

Shareholders according to the acts
After the capital increase act of 07-11-2012 ↗
  • GIMV 172,114 shares
  • Adviesbeheer GIMV-XL NV 24,588 shares
  • GIMV-XL Partners 281,316 shares
  • Belfius Bank NV 204,865 shares

The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 21-11-2012 Capital increase of 6,593,672.16 EUR · to 71,365,973.29 EUR · 2,130,567 new shares
  2. 21-11-2012 Capital increase of 35,506,327.84 EUR · to 106,872,301.13 EUR · no new shares · from reserves
  3. 21-11-2012 Capital increase of 26,077,545.02 EUR · to 132,949,846.15 EUR · no new shares · from reserves
  4. 07-11-2012 Capital increase of 2,113,384.19 EUR · to 64,772,301.13 EUR · 682,883 new shares
  5. 03-02-2012 Capital increase of 1,556,674.02 EUR · to 62,658,916.94 EUR · 503,778 new shares
  6. 26-01-2011 Capital increase of 704,482.80 EUR · to 61,102,242.92 EUR · 227,627 new shares
  7. 26-01-2011 Capital increase of 1,888,659.96 EUR · to 47,286,401.72 EUR · 780,438 new shares
  8. 26-01-2011 Capital increase of 13,111,358.40 EUR · to 60,397,760.12 EUR · no new shares · from reserves
Show 5 older capital entries
  1. 25-01-2010 Capital stated in the act · 45,397,741.76 EUR · 18,734,693 shares
  2. 30-11-2009 Capital increase of 1,009,591.52 EUR · to 36,404,591.52 EUR · 520,408 new shares
  3. 30-11-2009 Capital increase of 8,992,650.24 EUR · to 45,397,241.76 EUR · no new shares · from reserves
  4. 05-01-2007 Capital increase of 30,000,000 EUR · to 35,395,500 EUR · 3,214,285 new shares
  5. 29-12-2006 Capital increase of 5,334,000 EUR · to 5,395,500 EUR · 571,500 new shares · in kind

Similar companies · same sector, comparable size

Of 11,577 companies in sector 71121 we hold annual accounts for 6,563. 121 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded30-03-1993
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

Register as of 27 September 2026 · Peppol Directory

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