Equity
€305,561 ▼ 41.3%
HYDROWIND paid out €306,204 in dividends. That is 336% of the 2025 profit.
HYDROWIND
Lifetime
20 annual accounts with figures on one time axis, 23 filings since 2002peak €455,309 (2023)
€202,224▲ 1.5%
lowest -€90,551 (2010)
€91,026▲ 9.8%
peak €520,739 (2024)
€305,561▼ 41.3%
€389,644▲ 147%
peak 0 FTE (2023)
0 FTE
Board1 name since 2001
1 directorDewilde Luc
Documentsfilings and deeds
27-05-202665 days before the deadline
2025abbreviated format
Dividend €306,204Equity from €520,739 to €305,561Debts from €157,868 to €389,644Cash from €56,282 to €251,036
Key points
from the 2025 annual accountsChecked score
94
Excellent
Financially stronger than 50% of micro companies in civil engineering (NACE 42)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.8% across 1,866 companies (NACE 42, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: < 0.1%● unchanged vs 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: 0.1%▲ +0.1 percentage points vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026highest value
05-2026: 0.1%● unchanged vs 04-2026
06-2026: < 0.1%▼ -0.1 percentage points 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: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Sector: Civil engineering (NACE 42)
lowers risk
Size: total assets €695,205
Founded in 2001
Liquidity: current ratio 1.07, cash €251,036
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 42, micro). It does better than 50% of them on solvency, 72% on liquidity, 66% on profitability and 13% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 20,137 companies had the same profile as HYDROWIND has now. Each dot stands for 51 companies, two years later.
95.1%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of HYDROWIND itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,137 companies, not a prediction for HYDROWIND. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €25,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.07 (2.97 in 2024), below the usual 1.5. Short-term debt is 53% and cash 36.1% of total assets. 56% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
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 31-12-2025 was due by 31-07-2026 and was filed on 27-05-2026, 65 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
65 days early
2024
107 days early
2023
119 days early
2022
11 days early
2021
26 days early
2020
45 days early
2019
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 53 days before the deadline. In the sector (NACE 42), the median for financial year 2024 was 2 days before the deadline, and 41% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 May (4 of the last 5 accounts filed within 53 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0474361177
Amendment of the articles · Legal-form change · Resignations & appointments
Gazette deed
First establishment
Veldkantstraat 119, Grimbergen
Incorporation
published on 29-03-2001 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| HYDROWIND Grimbergen | €0.7m | €202,224 | 44.0% | 0 |
| BEN MONTAGE Sint-Laureins | €0.3m | €148,386 | 43.2% | 0.4 |
| ELECTRICITEITSWERKEN MEYVIS JURI Hoogstraten | €1.3m | €246,308 | 28.9% | 0.6 |
| EBeco Hamont-Achel | €0.7m | €230,974 | 64.4% | 1 |
| CURNET Etterbeek | €0.6m | €161,334 | 34.3% | 2 |
| TRAVAUX - BRUNEHAUT Brunehaut | €2.9m | €182,309 | 37.5% | 1 |
| Herema Peer | €1.6m | €326,364 | 50.5% | 2.2 |
These companies have the same main activity as HYDROWIND: construction of utility projects for electricity and telecommunications (NACE 42220). They are comparable in size and age: total assets between €335,000 and €2.9m, founded between 1979 and 2009.
Official details
Source: KBO- Status
- Active since 20-03-2001Normal situation
- Activity
- Construction of utility projects for electricity and telecommunicationsNACE 42220and 6 others
- Establishment unit
- 2.200.981.0721850 Grimbergen, since 20-03-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 29-09-2025
Annual accounts 2025
- ≈ €510,000estimated
- €695,205▲ 2.4%
- Filing
- Filed on 27-05-2026, 65 days before the end of the filing period
Insights on HYDROWIND
HYDROWIND files the abbreviated format. That format states no turnover. The gross margin rose from €24,656 in 2006 to €202,224 in 2025.
The balance sheet grew most from 2018 to 2020 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about HYDROWIND
- What is the company number of HYDROWIND?
- The company number of HYDROWIND is 0474.361.177. The VAT number is the same number with BE in front: BE 0474.361.177.
- Where is HYDROWIND based?
- The registered office is at Veldkantstraat 119, 1850 Grimbergen.Company details
- What does HYDROWIND do?
- According to the KBO register, the main activity is construction of utility projects for electricity and telecommunications (NACE 42220).
- What is the legal form of HYDROWIND?
- HYDROWIND is a private limited company (BV).
- When was HYDROWIND founded?
- HYDROWIND was founded on 20-03-2001.
- Is HYDROWIND still active?
- Yes, HYDROWIND is an active enterprise in the KBO register.
- What is the turnover of HYDROWIND?
- The turnover in financial year 2025 is ≈ €510,000. This figure is estimated from the gross margin of €202,224 and 1,649 comparable companies of the same size. It probably lies between €310,000 and €960,000. It is a rough estimate.Financials
- Is HYDROWIND profitable?
- In financial year 2025, HYDROWIND made a profit of €91,026.
- Where can I find the annual accounts of HYDROWIND?
- HYDROWIND filed 23 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of HYDROWIND due?
- HYDROWIND must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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