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.

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ELECTRAWINDSOpen bankruptcy

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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

Do not deliver on credit any more without an agreement with the curator.
Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
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.
Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
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

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

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Belgian State Gazette

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)

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

Go further with this company

What became of the directors' other companies?Director track record Who ran this company, and where was it based, on a date before the end?Company as of a date How is this company connected to another party?Network investigator Is the registered address a letterbox address or a business centre?Address check Are there other customers at risk in your own list?Debtor check How is the Engineering and related technical consultancy, excluding land surveyors sector doing?Sector figures

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

Chart Table

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

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.

Result per fiscal year

Operating resultNet result

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

54.8%

45.2%

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

OverviewIncome statement Balance sheet Cash flow

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-

Line	2013	2014	2015	2016	2017	Change
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	=

Line	2013	2014	2015	2016	2017	Change
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	-	-

Line	2013	2014	2015	2016	2017	Change
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

All 44Signals 1Financial 2Gazette 31Filings 10

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

All 39 In office 20 Ended 19

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

Show all 39 people Show the first 12See 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...

according to the deed of 25-01-2010

Structure & network

Connections & network

45 connected companies

Depth

Shared directorsBundled connections

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.

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Ownership & control

3 board mandates

Board mandates of this companythis company sits on their board3

Belgian Offshore Platform

1 location

ELICIO OFFSHORE

1 location

Lowtide

1 location

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

21-11-2012 Capital increase of 6,593,672.16 EUR · to 71,365,973.29 EUR · 2,130,567 new shares
21-11-2012 Capital increase of 35,506,327.84 EUR · to 106,872,301.13 EUR · no new shares · from reserves
21-11-2012 Capital increase of 26,077,545.02 EUR · to 132,949,846.15 EUR · no new shares · from reserves
07-11-2012 Capital increase of 2,113,384.19 EUR · to 64,772,301.13 EUR · 682,883 new shares
03-02-2012 Capital increase of 1,556,674.02 EUR · to 62,658,916.94 EUR · 503,778 new shares
26-01-2011 Capital increase of 704,482.80 EUR · to 61,102,242.92 EUR · 227,627 new shares
26-01-2011 Capital increase of 1,888,659.96 EUR · to 47,286,401.72 EUR · 780,438 new shares
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

25-01-2010 Capital stated in the act · 45,397,741.76 EUR · 18,734,693 shares
30-11-2009 Capital increase of 1,009,591.52 EUR · to 36,404,591.52 EUR · 520,408 new shares
30-11-2009 Capital increase of 8,992,650.24 EUR · to 45,397,241.76 EUR · no new shares · from reserves
05-01-2007 Capital increase of 30,000,000 EUR · to 35,395,500 EUR · 3,214,285 new shares
29-12-2006 Capital increase of 5,334,000 EUR · to 5,395,500 EUR · 571,500 new shares · in kind

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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.

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