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Propelwind

Active
Public limited companyfounded 201115 yrs activeHenri Liebrechtlaan 80, 1090 Jette, BelgiumKBO/BCE: BE 0835.992.322
Summary

The computed 12-month bankruptcy probability of Propelwind is 3.8% (moderate). For Propelwind, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show negative equity (-€9,193) and a net result of -€2,346. Equity is shrinking by ~56.7% per year across the filed fiscal years. The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability22▲+13
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
3.8% Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023
Solvency, return and age of the figures
Solvency
-25.1%
Return on assets
-6.4%
Age of the figures
33 mo
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 15 years 0 20 y
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filings
Position against the passed deadline
31-12-2024 close31-07-2025 deadline28-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-08-2024, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
30 d late
2022
74 d late
2021
82 d late
2020
60 d late
2019
367 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 5 accounts on average 123 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
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

History

Propelwind was incorporated on 4 May 2011.1 Total assets rose from EUR 17,597 in 2019 to EUR 36,677 in 2023.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2023

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Financials · fiscal year 2023, micro schema

Equity
-€9,193▼ 34.3%
2022 · -€6,847
Total assets
€36,677▲ 103%
2022 · €18,038
Net result
-€2,346▼ 15.7%
2022 · -€2,028
Working capital
-€18,193▼ 17.4%
2022 · -€15,499
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
Line20192020202120222023
Operating result-€3,674--€6,218▼ 69.2%-€4,591▲ 26.2%-€1,764▲ 61.6%-€2,035▼ 15.4%
Net result-€3,947--€6,532▼ 65.5%-€4,665▲ 28.6%-€2,028▲ 56.5%-€2,346▼ 15.7%
Equity€6,378--€154-€4,819▼ 3,030%-€6,847▼ 42.1%-€9,193▼ 34.3%
Total assets€17,597-€14,092▼ 19.9%€10,594▼ 24.8%€18,038▲ 70.3%€36,677▲ 103%
Debt€11,219-€14,246▲ 27.0%€15,412▲ 8.2%€24,884▲ 61.5%€45,870▲ 84.3%
Working capital-€9,274--€12,306▼ 32.7%-€13,124▼ 6.6%-€15,499▼ 18.1%-€18,193▼ 17.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€8,000-€6,000-€4,000-€2,000€0Operating result 2019: -€3,674-€3,674Net result 2019: -€3,947-€3,947Operating result 2020: -€6,218-€6,218Net result 2020: -€6,532-€6,532Operating result 2021: -€4,591-€4,591Net result 2021: -€4,665-€4,665Operating result 2022: -€1,764-€1,764Net result 2022: -€2,028-€2,028Operating result 2023: -€2,035-€2,035Net result 2023: -€2,346-€2,34620192020202120222023-€6,000-€4,000-€2,000€0Operating result 2021: -€4,591-€4,590Net result 2021: -€4,665-€4,660Operating result 2022: -€1,764-€1,760Net result 2022: -€2,028-€2,030Operating result 2023: -€2,035-€2,030Net result 2023: -€2,346-€2,350202120222023
The operating result stays negative: a loss of €2,035 in 2023 against €1,764 in 2022; the loss grows.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €36,677
Fixed assets €9,000 =
Current assets €27,677 ▲ 206%
Key figures and ratios
2023 value · change against 2022
Solvency
-25.1%▲
2022 · -38.0%
Current ratio
0.60▲
2022 · 0.37
Debt to equity
-4.99▼
2022 · -3.63
ROA
-6.4%▲
2022 · -11.2%
Debt ≤ 1 year
€45,870▲
2022 · €24,537
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2023 against 2022 · 31 lines
Balance sheet Code20222023
Assets
Total assets20/58€18,038€36,677▲
Fixed assets21/28€9,000€9,000=
Financial fixed assets28€9,000€9,000=
Current assets29/58€9,038€27,677▲
Amounts receivable within one year40/41€8,919€27,646▲
Other amounts receivable41€8,919€27,646▲
Cash at bank and in hand54/58€118€32▼
Equity and liabilities
Total equity and liabilities10/49€18,038€36,677▲
Equity10/15-€6,847-€9,193▼
Contributions10/11€367,367€367,367=
Capital10€306,173€306,173=
Issued capital100€306,173€306,173=
Outside capital11€61,194€61,194=
Share premium1100/10€61,194€61,194=
Profit (loss) carried forward14-€374,214-€376,560▼
Amounts payable17/49€24,884€45,870▲
Amounts payable within one year42/48€24,537€45,870▲
Trade debts44€2,818€3,972▲
Suppliers440/4€2,818€3,972▲
Other amounts payable47/48€21,719€41,899▲
Accrued charges and deferred income492/3€348-
Income statement Code20222023
Other operating charges640/8€412€244▼
Gross operating margin9900-€1,351-€1,791▼
Operating profit (loss)9901-€1,764-€2,035▼
Financial charges65/66B€264€312▲
Recurring financial charges65€264€312▲
Profit (loss) for the period before taxes9903-€2,028-€2,346▼
Profit (loss) for the period9904-€2,028-€2,346▼
Profit (loss) for the period to be appropriated9905-€2,028-€2,346▼
Appropriation of the result
Profit (loss) to be appropriated9906-€374,214-€376,560▼
Profit (loss) brought forward from the previous period14P-€372,186-€374,214▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20192020202120222023Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,500€3,500€3,500---
Other operating charges640/8---€412€244▼ 40.9%
Gross operating margin9900-€174-€2,540-€1,091-€1,351-€1,791▼ 32.5%
Operating profit (loss)9901-€3,674-€6,218-€4,591-€1,764-€2,035▼ 15.4%
Financial charges65/66B--€74€264€312▲ 17.8%
Recurring financial charges65€272€315€74€264€312▲ 17.8%
Profit (loss) for the period before taxes9903-€3,947-€6,532-€4,665-€2,028-€2,346▼ 15.7%
Profit (loss) for the period9904-€3,947-€6,532-€4,665-€2,028-€2,346▼ 15.7%
Profit (loss) for the period to be appropriated9905-€3,947-€6,532-€4,665-€2,028-€2,346▼ 15.7%
Line20192020202120222023Change
Assets
Total assets20/58€17,597€14,092€10,594€18,038€36,677▲ 103%
Fixed assets21/28€16,000€12,500€9,000€9,000€9,000=
Intangible fixed assets21€7,000€3,500----
Financial fixed assets28€9,000€9,000€9,000€9,000€9,000=
Current assets29/58€1,597€1,592€1,594€9,038€27,677▲ 206%
Amounts receivable within one year40/41€1,591€1,591€1,591€8,919€27,646▲ 210%
Other amounts receivable41--€1,591€8,919€27,646▲ 210%
Cash at bank and in hand54/58€7€2€3€118€32▼ 73.2%
Equity and liabilities
Total equity and liabilities10/49€17,597€14,092€10,594€18,038€36,677▲ 103%
Equity10/15€6,378-€154-€4,819-€6,847-€9,193▼ 34.3%
Contributions10/11€306,173€306,173€367,367€367,367€367,367=
Capital10--€306,173€306,173€306,173=
Issued capital100--€306,173€306,173€306,173=
Outside capital11--€61,194€61,194€61,194=
Share premium1100/10--€61,194€61,194€61,194=
Profit (loss) carried forward14-€360,989-€367,521-€372,186-€374,214-€376,560▼ 0.6%
Amounts payable17/49€11,219€14,246€15,412€24,884€45,870▲ 84.3%
Amounts payable within one year42/48€10,871€13,899€14,717€24,537€45,870▲ 86.9%
Trade debts44€4,761€4,940€4,006€2,818€3,972▲ 40.9%
Suppliers440/4--€4,006€2,818€3,972▲ 40.9%
Other amounts payable47/48--€10,711€21,719€41,899▲ 92.9%
Accrued charges and deferred income492/3--€695€348--
Line20192020202120222023Change
Profit (loss) for the period9904-€3,947-€6,532-€4,665-€2,028-€2,346▼ 15.7%
+ Depreciation and write-downs630€3,500€3,500€3,500---
Operating cash flow (approximation)-€447-€3,032-€1,165-€2,028-€2,346▼ 15.7%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash--€5€1€115-€87▼ 175%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2024
30-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
13-10
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 74 days late
2022
21-10
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 82 days late
2021
29-09
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 60 days late
02-08
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 367 days late
2020
31-12
Financial Weakest financial yearnet -€6,532
Net result drops to -€6,532, the lowest in the series; recovery starts the following year.
2018
27-09
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
08-09
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 39 days late
2016
03-08
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 3 days late
2015
29-07
NBB filing Annual accounts filed
fiscal year 2014 · full schema
2014
31-07
NBB filing Annual accounts filed
fiscal year 2013 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts

We know of 8 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
8 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, Jette · 1 establishment unit since 2011
seat establishment The establishment unit on the map
Ground area
4,933 m²
Building footprint
324 m²
Volume, LiDAR
5,689 m³
2 parcels, Brussels · tallest building 24.4 m, ±7 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
Establishment
Holdings
since 20112.199.256.254
2 parcels
Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21010B0046/00P000 Brussels 4,729 m² 1 · 239 m² 24.4 m · 7 fl.
21010B0072/00B003 Brussels 204 m² 1 · 86 m² 10.5 m · 3 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 owner · 1 holding

Owners 1

Holdings 1

According to the 2023 annual accounts of Propelwind and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPublic limited company
Founded04-05-2011
Fiscal year end31-12
Contact
Phone 0475735459
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.