HEGOA WIND
ActiveSummary
HEGOA WIND has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.6m and a net result of €1.8m. Equity has been growing by about 19% per year since 2018. Its solvency ranks better than 38% of 352 sector peers (NACE 35, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Official details
Source: KBO- Status
- Active since 30-01-2009 Normal situation
- Registered office
- 26 active companies are registered at this address Source: KBO register, as of 4 November 2026.
- Activity
- Production of electricity from non-renewable sources NACE 35110
- Establishment unit
- 2.175.979.917 1300 Wavre, since 09-02-2009
- Financial year end
- 31 March
- Peppol
- Left the register on 30-09-2026
Board and ownership
Board
- Eneco Wind BelgiumDirector · since 03-04-2017 · permanent representative Cornelis de Haan
- REALFIDirector · since 03-04-2017 · permanent representative Miguel de Schaetzen
- Auditor
- SCRL Deloitte Réviseurs d'Entreprises
Shareholders
- ENECO WIND BELGIUM100%· score 57act of 14-04-2025
- Mitsubishi Corporationconsolidatesannual accounts 31-03-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.3%
Annual accounts to 31-03-2025
- Turnover
- €5.5m
- ▲ 98.4%
- Profit
- €1.8m
- ▲ 21.9%
- Equity
- €7.6m
- ▲ 31.8%
- Total assets
- €40.0m
- ▼ 3.9%
- 2026 accounts not filed, 4 days past the deadline
Score breakdownraises riskFigures for financial year 2025 (filed on 03-10-2025)Liquidity: current ratio 0.39, cash €203,615lowers riskSize: turnover €5.5m, total assets €40.0mLegal form: public limited companyShow the evidence
Checked score
Score 2025
87
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 60% of medium-sized companies in electricity, gas and steam (NACE 35)
Financial strength · tick: 2024
Average
Solvency
44+5
equity 19.1% of total assets
Liquidity
43+33
short-term debt 22.6% · cash 0.5%
Profitability
81-1
return on assets 4.6%
Bankruptcy probability within 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.3%▲ +0.1 percentage points vs 09-2025highest value
11-2025: 0.1%▼ -0.2 percentage points vs 10-2025lowest value
12-2025: 0.1%● unchanged vs 11-2025lowest value
01-2026: 0.1%● unchanged vs 12-2025lowest value
02-2026: 0.1%● unchanged vs 01-2026lowest value
03-2026: 0.1%● unchanged vs 02-2026lowest value
04-2026: 0.1%● unchanged vs 03-2026lowest value
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.2%▲ +0.1 percentage points vs 09-2026
11-2026: 0.3%▲ +0.1 percentage points vs 10-2026
Credit of up to €550,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.39 (0.12 in 2024), below 1. Short-term debt is 22.6% and cash 0.5% of total assets. 80.9% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 35, medium-sized). It does better than 43% of them on solvency, 24% on liquidity, 84% on profitability and 88% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 01-10-2025, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
not filed
2025
30 days early
2024
34 days early
2023
14 days late
2021
191 days late
2020
94 days early
2019
94 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 8 days before the deadline. In the sector (NACE 35), the median for financial year 2024 was 22 days before the deadline, and 27% of those companies filed late.
Searched, nothing found (1)
Key points
- Positive: Turnover rose in 2025from €2.8m to €5.5m ▲ 98.4% View
- Positive: 6 years of growth in a rowturnover 2025: €5.5m 6 years View
- Positive: 2nd largest company by total assets in Walloon Brabant, Energy sectorin the Checked rankings No. 2 View
- Merger with SKY SWEEPER SAmerger on 22-07-2025 2025 View
Recent changes
- · Gazette deed Transfer with HEGOA WIND
- · Gazette deed Merger proposal: HEGOA WIND SA takes over SKY SWEEPER SAPermanent representatives: Erwin LEEUWIS and Miguel de Schaetzen
- · Gazette deed Reappointment: Deloitte Reviseurs d'Entreprises SCRL (statutory auditor)
Companies linked to HEGOA WIND
Comparable companies
These companies have the same main activity as HEGOA WIND: production of electricity from non-renewable sources (NACE 35110). They are comparable in size and age: total assets between €17m and €62m, founded between 2002 and 2013.
| Company | Total assets | Turnover |
|---|---|---|
| HEGOA WIND Wavre | €40.0m | €5.5m |
| callensvyncke Waregem | €29.6m | €10.6m |
| SOLAR FINANCE Antwerpen | €17.4m | €5.9m |
| 7c Solarparken Mechelen | €61.9m | €2.6m |
| TotalEnergies Integrated Power ESS Belgium Liège | €59.6m | €4.6m |
| GREEN WIND Brussel | €52.0m | €7.0m |
| D-ESTATE Menen | €21.7m | €2.6m |
Key facts about HEGOA WIND
- What is the company number of HEGOA WIND?
- The company number of HEGOA WIND is 0809.473.314. The VAT number is the same number with BE in front: BE 0809.473.314.
- Where is HEGOA WIND based?
- The registered office is at Chaussée de Huy 120, 1300 Wavre.Company details
- What does HEGOA WIND do?
- According to the KBO register, the main activity is production of electricity from non-renewable sources (NACE 35110).
- What is the legal form of HEGOA WIND?
- The legal form of HEGOA WIND is Public limited company (NV).
- When was HEGOA WIND founded?
- HEGOA WIND was founded on 30-01-2009.
- Is HEGOA WIND still active?
- Yes, HEGOA WIND is an active enterprise in the KBO register.
- What is the turnover of HEGOA WIND?
- The turnover of HEGOA WIND was €5.5m in financial year 2025, according to the filed annual accounts.Financials
- Is HEGOA WIND profitable?
- In financial year 2025, HEGOA WIND made a profit of €1.8m.
- Where can I find the annual accounts of HEGOA WIND?
- HEGOA WIND filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
Next steps
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