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Complete company report
Generated 02-08-2026
Active BE 0835.992.322Public limited company

Propelwind

Henri Liebrechtlaan 80 ·1090 Jette, Belgium· 15 yrs active
Conclusion Checked

The computed 12-month bankruptcy probability of Propelwind is 3.7% (moderate). The 2023 annual accounts show negative equity (€-9k) and a net result of €-2k. 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.

Based on the State Gazette, CBE and 5 annual accounts.
Key figures
Equity €-9k
Net result €-2k
Active 15 yrs
Locations 1
Snowflake analysis 5 axes · computed by Checked
Health22Profitability100Solvency36Growth58Stability100
63 / 100

Strong profile, led by profitability.

Health 22
Profitability 100
Solvency 36
Growth 58
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
3.7% Moderate
0%0,5%1,5%4%10%≥25%
Annual accounts: weaker financial profile +No NACE activity registered +Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
Established
Founded in 2011, 15 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2023 · computed
22 / 100 Critical
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 30-08-2024 with the NBB · fiscal year 2023 · micro
€-400k€-300k€-200k€-100k€0Operating result 2019: €-4k€-4kNet result 2019: €-361k€-361kOperating result 2020: €-6k€-6kNet result 2020: €-368k€-368kOperating result 2021: €-5k€-5kNet result 2021: €-5k€-5kOperating result 2022: €-2k€-2kNet result 2022: €-2k€-2kOperating result 2023: €-2k€-2kNet result 2023: €-2k€-2k20192020202120222023
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining Equity: declining trend of ~56.7%/year over 5 fiscal years, indicative, assuming unchanged policy.
€-30k€-20k€-10k€0€10k2024: €-14k (€-16k - €-12k)2025: €-18k (€-21k - €-14k)2026: €-21k (€-26k - €-16k)2019: €6k2020: €-1542021: €-5k2022: €-7k2023: €-9k20192020202120222023202420252026
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

EBITDA
€-1k
+59.9% 19-23
Net profit
€-2k
-15.7% 19-23
Cash flow
€-1k
+99.7% 19-23
Total assets
€37k
+103.3% 19-23
Equity
€-9k
-34.3% 19-23
Working capital
€-18k
-17.4% 19-23
Debt
€46k
+84.3% 19-23
Debt ≤ 1y
€46k
+86.9% 19-23
Current ratio
0.60
+63.8% 19-23
Quick ratio
0.60
+63.8% 19-23
Solvency
-25.1%
+34.0% 19-23
Debt / equity
-4.99
-37.3% 19-23
ROE
25.5%
-13.8% 19-23
ROA
-6.4%
+43.1% 19-23
Interest coverage
-14.77
- 19-23
Figures by fiscal year
Fiscal year2023
Revenue-
EBITDA-
Net profit€-2k
Cash flow-
Staff costs-
Income taxes-
Dividends-
Total assets€37k
Equity€-9k
Debt€46k
of which ≤ 1y€46k
of which > 1y-
Working capital€-18k
Employees (FTE)-
Ratios (computed)
2023
Current ratio0.60
Quick ratio0.60
Working capital ratio-49.6%
Solvency-25.1%
Debt / equity-4.99
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA-6.4%
ROE25.5%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€37k
Fixed assets 21/28€9k
Financial fixed assets 28€9k
Current assets 29/58€28k
Amounts receivable within one year 40/41€28k
Cash & bank 54/58€32
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€37k
Equity 10/15€-9k
Contributions / capital 10/11€367k
Accumulated profits (losses) 14€-377k
Amounts payable 17/49€46k
Amounts payable within one year 42/48€46k
Trade debts payable within one year 44€4k
Income statement
Gross operating margin 9900€-2k
Operating result 9901€-2k
Financial charges 65€312
Result before taxes 9903€-2k
Net result for the period 9904€-2k
Result to be appropriated 9905€-2k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary -
Legal form Public limited company(014)
Incorporation04-05-2011
StatusActive
Postal code1090
Establishment units 1 location
Establishment
Holdings
since 20112.199.256.254
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

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.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2024
30-08-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
2023
13-10-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
16-03-2023
State Gazette act Director changes
2022
21-10-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
2021
29-09-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
02-08-2021
NBB filing Annual accounts filed
fiscal year 2019 · micro
2018
27-09-2018
NBB filing Annual accounts filed
fiscal year 2017 · micro
2017
08-09-2017
NBB filing Annual accounts filed
fiscal year 2016 · volledig
2016
03-08-2016
NBB filing Annual accounts filed
fiscal year 2015 · volledig
2015
29-07-2015
NBB filing Annual accounts filed
fiscal year 2014 · volledig
2014
31-07-2014
NBB filing Annual accounts filed
fiscal year 2013 · volledig
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 3 years ago
2023
16-03-2023 1 director appointed, 1 resigning, 3 reappointed Director changes
  • Patrick Englebert, Bestuurder
  • Didier Mulders, Bestuurder
  • Patrick Englebert, Commissaris
  • Jean Englebert, Commissaris
  • Patrick Englebert, Commissaris
Technical details 
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Names & trade names
Legal nameFR Propelwind
Registered office
Henri Liebrechtlaan 80 bus 115
1090 Jette, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative