VANHEEDE WINDPOWER
ActiveSummary
VANHEEDE WINDPOWER has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.60M and a net result of €366k. Equity remains stable across the filed fiscal years (±2.5% per year). Its solvency ranks better than 45% of 279 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▲+4
Solvency54▲+5
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity ample (current ratio 1.89 against 1.38 in 2024; short-term debt: 13.5% and cash: 13.3% of total assets), but 71.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 35
Relative position
BE, all sectors
reference
Sector 35
lower
← 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
28.6%
Return on assets
6.5%
Age of the figures
9 mo
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
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
8 d early
2023
6 d early
2022
17 d early
2021
16 d early
2020
12 d early
2019
9 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€366k▲ 67.7%
2024 · €218k
2018: €109k
2019: €160k
2020: €187k
2021: €102k
2022: €217k
2023: €641k
2024: €218k
2018 → 2025
Working capital
€671k▲ 8.3%
2024 · €619k
2018: €408k
2019: €750k
2020: €1.12M
2021: €1.41M
2022: €540k
2023: €1.43M
2024: €619k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.24M-€2.39M▲ 6.6%€2.71M▲ 13.5%€1.60M▼ 40.7%€1.60M▼ 0.1%
Operating result€43k-€261k▲ 508%€579k▲ 122%€314k▼ 45.8%€576k▲ 83.8%
Net result€102k-€217k▲ 112%€641k▲ 196%€218k▼ 66.0%€366k▲ 67.7%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 84% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.60M
Fixed assets
€4.17M ▼ 7.2%
Current assets
€1.42M ▼ 36.9%
Equity and liabilities €5.60M
Equity
€1.60M ▼ 0.1%
Provisions
€104k ▲ 50.0%
Debt
€3.89M ▼ 23.4%
Debt's share of the balance-sheet total falls from 75.2% to 69.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€961k▲
2024 · €887k
Cash flow
€750k▼
2024 · €791k
Current ratio
1.89▲
2024 · 1.38
Debt to equity
2.43▼
2024 · 3.17
ROE
22.8%▲
2024 · 13.6%
ROA
6.5%▲
2024 · 3.2%
Interest coverage
9.07▲
2024 · 7.71
Debt ≤ 1 year
€753k▼
2024 · €1.64M
Debt > 1 year
€3.11M▼
2024 · €3.42M
Income taxes
€146k▲
2024 · €72k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€6.75M€5.60M▼
Fixed assets21/28€4.50M€4.17M▼
Intangible fixed assets21€518k€474k▼
Tangible fixed assets22/27€3.98M€3.70M▼
Land and buildings22€10€0▼
Plant, machinery and equipment23€3.98M€3.65M▼
Assets under construction and advance payments27-€50k
Current assets29/58€2.25M€1.42M▼
Amounts receivable within one year40/41€323k€652k▲
Trade receivables40€214k€402k▲
Other amounts receivable41€109k€250k▲
Cash at bank and in hand54/58€1.92M€745k▼
Deferred charges and accrued income490/1€16k€27k▲
Equity and liabilities
Total equity and liabilities10/49€6.75M€5.60M▼
Equity10/15€1.60M€1.60M▼
Contributions10/11€250k€250k=
Reserves13€1.34M€1.35M▲
Non-distributable reserves130/1€25k€25k=
Reserves not available under the articles1311€25k€25k=
Distributable reserves133€1.31M€1.33M▲
Investment grants15€18k€0▼
Provisions and deferred taxes16€70k€104k▲
Provisions for liabilities and charges160/5€70k€104k▲
Major repairs and maintenance162€70k€104k▲
Amounts payable17/49€5.08M€3.89M▼
Amounts payable after more than one year17€3.42M€3.11M▼
Financial debts170/4€3.42M€3.11M▼
Amounts payable within one year42/48€1.64M€753k▼
Current portion of amounts payable after more than one year42€304k€304k=
Trade debts44€61k€21k▼
Suppliers440/4€61k€21k▼
Taxes, remuneration and social security45€21k€79k▲
Taxes450/3€21k€79k▲
Other amounts payable47/48€1.25M€350k▼
Accrued charges and deferred income492/3€28k€25k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€573k€384k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€35k€35k=
Other operating charges640/8€33k€33k▼
Gross operating margin9900€955k€1.03M▲
Operating profit (loss)9901€314k€576k▲
Financial income75/76B€91k€41k▼
Recurring financial income75€91k€41k▼
Financial charges65/66B€115k€106k▼
Recurring financial charges65€115k€106k▼
Profit (loss) for the period before taxes9903€290k€512k▲
Income taxes67/77€72k€146k▲
Profit (loss) for the period9904€218k€366k▲
Profit (loss) for the period to be appropriated9905€218k€366k▲
Appropriation of the result
Profit (loss) to be appropriated9906€218k€366k▲
Transfer from equity791/2€1.05M-
Transfer to equity691/2€18k€16k▼
To other reserves6921€18k€16k▼
Profit to be distributed694/7€1.25M€350k▼
Return on contributions (dividend)694€1.25M€350k▼
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €641k ▲196%
Operating result €579k, net result €641k, both a record.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €102k ▼45.4%
Net result drops to €102k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 37.50
Current ratio from 16.39 to 37.50; short-term debt falls from €73k to €39k.
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity doublescurrent ratio 16.39
Current ratio from 7.85 to 16.39; short-term debt falls from €109k to €73k.
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Liquidity triplescurrent ratio 7.85
Current ratio from 2.79 to 7.85; short-term debt falls from €227k to €109k.
Show earlier events
31-12
Financial
Equity above €2MEq €2.09M ▲4.5%
2 profitable years in a row build equity to €2.09M.
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Quévy · 1 establishment unit since 2009
Ground area
6,225 m²
Parcel 53066B0206/00F000, Wallonia. Linked by address, not a title deed.
1 establishment unit
VANHEEDE WINDPOWER
since 20092.177.178.559
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53066B0206/00F000 | Wallonia | 6,225 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 815 companies in sector 35110 we hold annual accounts for 631. 416 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-02-2009
Fiscal year end31-12
Activities, NACEBEL 2025
35110Production of electricity from non-renewable sources
35140Electricity, gas, steam and air conditioning supply
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.