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GREEN WIND

Active
Public limited companyfounded 200224 yrs activede Meeûssquare 35, 1000 Brussel, BelgiumKBO/BCE: BE 0477.367.583
Summary

GREEN WIND has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €45.0m and a net result of -€1.3m. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 91% of 297 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

What they do
Production of electricity from non-renewable sources
NACE 35110
#5 oldest company in Brussels, Energy sector1 site
How big
€7.0mturnover 2025
Equity
€45.0m
Loss
-€1.3m
Financially healthy?
95 Excellent Checked score 2025
Bankruptcy chance 12 m
0.1%
Who decides
Parent
EDP RENEWABLES EUROPE SL
Accounts 25 d early0 of 25 deeds read
Why 95- 1 of the last 3 late- Liquidity: current ratio 1.30, cash €3.4m+ Size: turnover €7.0m, total assets €52.0m+ Founded in 2002Show the evidence

Checked score

Score 2025
95 / 100
Excellent
Probability in this band: under 0.55%
Better than 65% of its sector peers (NACE 35, large)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency 100=
equity 86.5% of total assets
Liquidity 58+7
short-term debt 9.4% · cash 6.5%
Profitability 77-4
return on assets -2.4%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.1% (53 companies)
  • Size: turnover €7.0m, total assets €52.0m lowers the probability for this profile
  • 1 of the last 3 late raises the probability
  • Founded in 2002 lowers the probability for this profile
  • Liquidity: current ratio 1.30, cash €3.4m raises the probability
Credit up to €650,000 at 30 days acceptable
Liquidity tight (current ratio 1.3 against 1.2 in 2024; short-term debt: 9.4% and cash: 6.5% of total assets), and 13.5% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 35, large). Better than this share of them on solvency 95%, liquidity 87%, profitability 66%, growth against the median 11%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: turnover €7.0m, total assets €52.0m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · 1 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
lowers risk · Founded in 2002
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Liquidity: current ratio 1.30, cash €3.4m
In the bankruptcy model this factor raises the probability.
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
25 d early
2024
48 d late
2023
14 d early
2022
28 d late
2021
19 d early
2020
24 d late
2019
24 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 9 days after the deadline; the sector median for financial year 2024 is 22 days before the deadline, and 27% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 18 July (4 of the last 5 filed years within 41 days of that day).
Companies Code · seven months
Position in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Weakest financial yearnet -€1.3m
  3. Annual accounts filedfiscal year 2024 · full…

Key points

  • Caution: From profit to loss in 2025after €1.0m in 2024 -€1.3m View
  • Caution: Among the weakest 5% on net resultsector median €173,742 · 294 companies -€1.3m View
  • Controlled by EDP RENEWABLES EUROPE SLultimately: EDP, S.A. parent View

By topic

Financials

Fiscal year
2025
Turnover
€7.0m
Loss
-€1.3m
Solvency
86.5%
Turnover▼ 18.7%
Net result
20182025
Go to Financials

Timeline

Events
12
Since
2017
Next accounts
by 31-07-2027
  1. 06-07-2026Annual accounts filed
  2. 31-12-2025Weakest financial year
  3. 17-09-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Production of electricity from non-renewable sourcesNACE 35110
Founded
18-04-2002
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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