HYDROWIND
ActiveSummary
HYDROWIND has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €306k and a net result of €91k. Equity is growing by ~8.1% per year across the filed fiscal years. Its solvency ranks better than 55% of 401 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▲+1
Solvency69▼-31
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity tight (current ratio 1.07 against 2.97 in 2024; short-term debt: 53% and cash: 36.1% of total assets), and 56% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
44%
Return on assets
13.1%
Age of the figures
9 mo
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 d early
2024
107 d early
2023
119 d early
2022
11 d early
2021
26 d early
2020
45 d early
2019
1 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Financials · fiscal year 2025, abbreviated schema
Equity
€306k▼ 41.3%
2024 · €521k
Total assets
€695k▲ 2.4%
2024 · €679k
Net result
€91k▲ 9.8%
2024 · €83k
Working capital
€28k▼ 87.3%
2024 · €218k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€202k▼ 11.8%€227k▲ 12.7%€369k▲ 62.4%€124k▼ 66.5%€144k▲ 16.0%
Net result€147k▼ 7.6%€168k▲ 14.2%€252k▲ 49.8%€83k▼ 67.0%€91k▲ 9.8%
Equity€437k▲ 12.8%€437k=€488k▲ 11.8%€521k▲ 6.7%€306k▼ 41.3%
Total assets€618k▲ 4.8%€642k▲ 4.0%€825k▲ 28.4%€679k▼ 17.7%€695k▲ 2.4%
Debt€181k▼ 10.5%€206k▲ 13.8%€337k▲ 63.5%€158k▼ 53.1%€390k▲ 147%
Working capital€107k▼ 50.1%€86k▼ 19.3%€171k▲ 97.9%€218k▲ 27.7%€28k▼ 87.3%
Staff (FTE)000
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 16% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €695k
Fixed assets
€299k ▼ 14.6%
Current assets
€396k ▲ 20.6%
Equity and liabilities €695k
Equity
€306k ▼ 41.3%
Debt
€390k ▲ 147%
Debt's share of the balance-sheet total rises from 23.3% to 56.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€197k▲
2024 · €194k
Cash flow
€144k▼
2024 · €153k
Current ratio
1.07▼
2024 · 2.97
Quick ratio
1.04▼
2024 · 2.79
Debt to equity
1.28▲
2024 · 0.30
ROE
29.8%▲
2024 · 15.9%
ROA
13.1%▲
2024 · 12.2%
Interest coverage
44.91▲
2024 · 25.46
Debt ≤ 1 year
€369k▲
2024 · €111k
Debt > 1 year
€19k▼
2024 · €43k
Income taxes
€49k▲
2024 · €38k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €34k | €0 | €24k | €6k | €413 | ▼ 93.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €121k | €85k | €77k | €70k | €53k | ▼ 24.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0 | - | - | - | €-600 | - |
| Other operating charges640/8 | €2k | €9k | €9k | €5k | €6k | ▲ 19.7% |
| Gross operating margin9900 | €325k | €322k | €455k | €199k | €202k | ▲ 1.5% |
| Operating profit (loss)9901 | €202k | €227k | €369k | €124k | €144k | ▲ 16.0% |
| Financial income75/76B | €148 | €50 | €179 | €4k | €919 | ▼ 78.8% |
| Recurring financial income75 | €148 | €50 | €179 | €4k | €919 | ▼ 78.8% |
| Financial charges65/66B | €3k | €2k | €10k | €8k | €4k | ▼ 42.5% |
| Recurring financial charges65 | €3k | €2k | €3k | €8k | €4k | ▼ 42.5% |
| Non-recurring financial charges66B | - | - | €8k | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €199k | €225k | €359k | €120k | €140k | ▲ 16.3% |
| Income taxes67/77 | €52k | €58k | €108k | €38k | €49k | ▲ 30.5% |
| Profit (loss) for the period9904 | €147k | €168k | €252k | €83k | €91k | ▲ 9.8% |
| Profit (loss) for the period to be appropriated9905 | €147k | €168k | €252k | €83k | €91k | ▲ 9.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €618k | €642k | €825k | €679k | €695k | ▲ 2.4% |
| Fixed assets21/28 | €338k | €352k | €343k | €350k | €299k | ▼ 14.6% |
| Tangible fixed assets22/27 | €338k | €352k | €343k | €350k | €299k | ▼ 14.6% |
| Land and buildings22 | €237k | €227k | €218k | €209k | €200k | ▼ 4.4% |
| Plant, machinery and equipment23 | €72k | €98k | €47k | €14k | €5k | ▼ 66.5% |
| Furniture and vehicles24 | €29k | €27k | €78k | €127k | €94k | ▼ 25.7% |
| Assets under construction and advance payments27 | €0 | - | - | - | - | - |
| Current assets29/58 | €279k | €290k | €482k | €329k | €396k | ▲ 20.6% |
| Stocks and contracts in progress3 | €26k | €15k | €21k | €20k | €14k | ▼ 33.1% |
| Stocks30/36 | €26k | €15k | €21k | €20k | €14k | ▼ 33.1% |
| Amounts receivable within one year40/41 | €104k | €123k | €218k | €126k | €131k | ▲ 3.6% |
| Trade receivables40 | €104k | €115k | €210k | €118k | €131k | ▲ 11.1% |
| Other amounts receivable41 | €0 | €7k | €7k | €8k | €0 | ▼ 100% |
| Current investments50/53 | - | - | - | €125k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €147k | €152k | €235k | €56k | €251k | ▲ 346% |
| Deferred charges and accrued income490/1 | €3k | €824 | €8k | €1k | €1k | ▲ 3.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €618k | €642k | €825k | €679k | €695k | ▲ 2.4% |
| Equity10/15 | €437k | €437k | €488k | €521k | €306k | ▼ 41.3% |
| Contributions10/11 | €8k | €8k | €8k | €8k | €8k | = |
| Reserves13 | €393k | €393k | €481k | €513k | €298k | ▼ 41.9% |
| Non-distributable reserves130/1 | €0 | - | - | - | - | - |
| Reserves not available under the articles1311 | €0 | - | - | - | - | - |
| Distributable reserves133 | €393k | €393k | €481k | €513k | €298k | ▼ 41.9% |
| Profit (loss) carried forward14 | €36k | €36k | €0 | €0 | €0 | - |
| Amounts payable17/49 | €181k | €206k | €337k | €158k | €390k | ▲ 147% |
| Amounts payable after more than one year17 | €7k | €1k | €25k | €43k | €19k | ▼ 55.1% |
| Financial debts170/4 | €7k | €1k | €25k | €43k | €19k | ▼ 55.1% |
| Amounts payable within one year42/48 | €172k | €204k | €311k | €111k | €369k | ▲ 234% |
| Current portion of amounts payable after more than one year42 | €69k | €6k | €12k | €23k | €24k | ▲ 4.0% |
| Trade debts44 | €8k | €9k | €40k | €16k | €69 | ▼ 99.6% |
| Suppliers440/4 | €8k | €9k | €40k | €16k | €69 | ▼ 99.6% |
| Taxes, remuneration and social security45 | €56k | €9k | €47k | €3k | €26k | ▲ 750% |
| Taxes450/3 | €56k | €9k | €47k | €3k | €26k | ▲ 750% |
| Other amounts payable47/48 | €39k | €180k | €212k | €68k | €319k | ▲ 368% |
| Accrued charges and deferred income492/3 | €1k | €700 | €767 | €4k | €2k | ▼ 63.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €147k | €168k | €252k | €83k | €91k | ▲ 9.8% |
| + Depreciation and write-downs630 | €121k | €85k | €77k | €70k | €53k | ▼ 24.4% |
| Operating cash flow (approximation) | €268k | €253k | €328k | €153k | €144k | ▼ 5.9% |
| Investment in fixed assets (approximation) | - | €-99k | €-67k | €-77k | €-2k | ▲ 97.4% |
| Change in cash | - | €5k | €83k | €-179k | €195k | ▲ 209% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
15-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €500kEq €521k ▲6.7%
7 profitable years in a row build equity to €521k.
03-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €252k ▲49.8%
Operating result €369k, net result €252k, both a record.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €20k ▼68.5%
Net result drops to €20k, the lowest in the series; recovery starts the following year.
26-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Grimbergen · 1 establishment unit since 2011
Ground area
2,071 m²
Building footprint
185 m²
Volume, LiDAR
943 m³
Parcel 23402E0304/00F003, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
HYDROWIND
since 20112.200.981.072
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23402E0304/00F003 | Flanders | 2,071 m² | 1 · 185 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,824 companies in sector 42220 we hold annual accounts for 956. 629 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-03-2001
Fiscal year end31-12
Activities, NACEBEL 2025
42220Construction of utility projects for electricity and telecommunications
77399Renting and leasing of other machinery, equipment and tangible goods
25110Manufacture of metal structures and parts of structures
43990Other specialised construction activities
46646Wholesale trade
46649Wholesale of other machinery and equipment
71209Other technical testing and analysis
Contact
E-mail
luc.dewilde@hydrowind.beGrimbergen
Scores and ratios are computed by Checked and are not a credit decision.