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Gearless Windpower

Active
Private limited companyfounded 1988active for 38 yearsDe Lange Beemden 14.1, 3550 Heusden-Zolder, Belgium41 active companies are registered at this addressKBO/BCE: BE 0435.602.353
Summary

Gearless Windpower has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.1m and a net result of €17,002. Equity is growing by about 20% per year across the filed financial years. Its solvency ranks better than 88% of 346 sector peers (NACE 35, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

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Gearless WindpowerActiveChecked score 93/100
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Articles of association

What the company does

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
Gearless Windpower
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Vlaams Gewest, mag bij enkel besluit bestuursorgaan administratieve zetels, agentschappen, ateliers, opslagplaatsen en bijhuizen oprichten…” (deed in Dutch)

deed of 18-12-2023

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
“TITEL IV. BESTUUR - CONTROLE Artikel 10. Bestuursorgaan De vennootschap wordt bestuurd door één of meer bestuurders, natuurlijke personen of…”
Board ruleHow the board is made up, meets and takes decisions.
“Met of zonder beperking van duur, bestuursorgaan” (deed in Dutch)

deed of 18-12-2023

Capital, shares and profit

Kind of sharesWhich classes of shares exist and what rights each class carries.
“Op naam, register van aandelen op naam” (deed in Dutch)
Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
One provision in the deed

deed of 18-12-2023

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
First Thursday of May at 11:00

deed of 18-12-2023

Oversight and winding up

Dissolution ruleWhen and by whom the company can be dissolved.
“Vereist voor statutenwijziging, algemene vergadering” (deed in Dutch)
Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
“Bestuurder(s) in functie krachtens statuten indien geen andere vereffenaar benoemd” (deed in Dutch)

deed of 18-12-2023

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Toegang tot de algemene vergadering, register van effecten op naam per categorie” (deed in Dutch)
Other provision: “Zittingen-processen-verbaal, aangeduid door voorzitter,niet noodzakelijk aandeelhouder” (deed in Dutch)
Other provision: “Bestemming van de winst-reserves, algemene vergadering” (deed in Dutch)
Liquidation distribution: “Netto actief onder alle aandeelhouders naar verhouding aantal aandelen, na aanzuivering schulden,lasten,kosten of consignatie nodige sommen…” (deed in Dutch)
3 more provisions in the deed, see the deed of 18-12-2023

deed of 18-12-2023

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