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NEWCASTLE WIND

Active
Public limited companyfounded 20187 years activeChaussée de Huy 120A, 1300 Wavre, BelgiumKBO/BCE: BE 0711.864.687
Summary

NEWCASTLE WIND has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €3.9m and a net result of -€403,094. Equity is growing by ~4.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Activity
Production of electricity from non-renewable sources
NACE 35110
#5 company by total assets in Walloon Brabant, Energy sector1 site
Size
€2.6mturnover 2026
Equity
€3.9m
Loss
-€403,094
Financial health
90 Excellent Checked score 2026
Bankruptcy probabilitywithin 12 months
0.2%
Structure
Parent
ENECO WIND BELGIUM · 80%
Auditor: C2 Réviseurs & AssociésAccounts 33 days early1 of 10 deeds read
Why 90- Liquidity: current ratio 0.98, cash €462,468- Loss of €403,094, the second in a row (FY 2026)+ Size: turnover €2.6m, total assets €14.6m+ Figures for FY 2026 (filed 28-09-2026)Show the evidence

Checked score

Score 2026
90 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 45% of its sector peers (NACE 35, medium-sized)
Financial strength · tick = 2025
Average
Solvency 51=
equity 26.5% of total assets
Liquidity 54=
short-term debt 8.7% · cash 3.2%
Profitability 58-2
return on assets -2.8%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (105 companies)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 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%● unchanged vs 04-2025lowest value 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.2%▲ +0.1 percentage points vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025highest value 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026
Credit up to €250,000 at 30 days acceptable
Liquidity short (current ratio 0.98 against 1.06 in 2025; short-term debt: 8.7% and cash: 3.2% of total assets), and 73.5% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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): better than 52% on solvency, 67% on liquidity, 38% on profitability and 23% on growth.

The bankruptcy probability was computed on 07-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
−lowers risk+raises risk○neutral
lowers risk · Size: turnover €2.6m, total assets €14.6m
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.98, cash €462,468
NBB · annual accounts
lowers risk · Figures for FY 2026 (filed 28-09-2026)
NBB · annual accounts
raises risk · Loss of €403,094, the second in a row (FY 2026)
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2025 and 2026); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2026
Net result per financial year
19202123242526
2019 to 2026 · latest year -€403,094
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 28-09-2026, 33 days ahead of the deadline.
NBB · 7 filings
Deviation from the deadline
2026
33 days early
2025
30 days early
2024
34 days early
2023
11 days early
2021
82 days early
2020
50 days early
2019
81 days early
← 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 46 days before 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 31-03-2027 and is due by 31-10-2027. Nothing is late today. Usually files around 30 September (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
07-10-2026 today31-03-2027 close31-10-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2026 · full…
  2. Weakest financial yearnet -€403,094
  3. Reappointment: C² REVISEURS & ASSOCIES (statutory…State Gazette act

Key points

  • Caution: Result fell in 2026from -€176,528 to -€403,094 ▼ 128% View
  • Positive: Company by total assets in Walloon Brabant, Energy…in the Checked rankings #5 View
  • Controlled by ENECO WIND BELGIUMknown shareholders 100% 80% View
  • Caution: 2 loss-making years in a rowloss fiscal year 2026 -€403,094 View
  • Positive: Always filed on timeaccounts within the deadline every year 7 years View

By topic

Financials

Fiscal year
2026
Turnover
€2.6m
Loss
-€403,094
Solvency
26.5%
Turnover▼ 10.3%
Net result
20232026
Go to Financials

Board & ownership

Parent
ENECO WIND BELGIUM · 80%
Known shareholders
100%
Auditor
C2 Réviseurs & Associés
Go to Board & ownership

Timeline

Events
11
Since
2020
Next accounts
by 31-10-2027
  1. 01-10-2025Annual accounts filed
  2. 27-09-2024Annual accounts filed
  3. 20-10-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Production of electricity from non-renewable sourcesNACE 35110
Founded
18-10-2018
Year ends
31-03
Peppol
No longer on Peppol
Go to Company details

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