VESTAS BELGIUM
ActiveSummary
The computed 12-month bankruptcy probability of VESTAS BELGIUM is 2.6% (moderate). The 2024 annual accounts show equity of €25.3m and a net result of €321,364. Equity has been growing by about 100% per year since 2018. Its solvency ranks better than 30% of 113 sector peers (NACE 27, financial year 2024). The company has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
Source: KBO- Status
- Active since 21-01-2008 Normal situation
- Activity
- Manufacture of electrical equipment NACE 27110and 5 others
- Joint committees
- 209 Paritair Comité voor de bedienden der metaalfabrikatennijverheid
- 111 Paritair Comité voor de metaal-, machine- en elektrische bouw · annual accounts 2024
- Establishment units
- 2.168.258.123 3530 Houthalen-Helchteren, since 16-01-2008
- 2.315.458.393 9990 Maldegem, since 01-02-2020and 2 others
- Financial year end
- 31 December
- Peppol
- Reachable since 02-03-2026
Board and ownership
- Renato COELHODirector
- Taras KACHMARCHUKDirector
- Anna MASCOLODirector
- Auditor
- PricewaterhouseCoopers, Bedrijfsrevisoren
- Vestas Windsystem A/Sconsolidatesannual accounts 2024
Financial position
- Bankruptcy probabilitywithin 12 months
- 2.6%
- Turnover
- €128.7m
- ▲ 7.1%
- Profit
- €321,364
- ▼ 53.1%
- Equity
- €25.3m
- ▲ 1.3%
- Total assets
- €94.1m
- ▼ 21.6%
- Employees on 31-12-2024
- 53
- ▲ 15.2%
- €275,617 of overdue social security (RSZ) debts on 31-12-2024
- 2025 accounts not filed, 94 days past the deadline
Score breakdownraises riskFigures for financial year 2024 (filed on 16-10-2025)Liquidity: current ratio 1.061 financial year not filed after the legal deadline; last filed accounts filed 75 days late; 3 of the last 3 accounts latelowers riskFounded in 2008Show the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 27, small). It does better than 33% of them on solvency, 16% on liquidity, 18% on profitability and 52% on growth.
The bankruptcy probability was computed on 01-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its last 6 accounts on average 471 days after the deadline. In the sector (NACE 27), the median for financial year 2024 was 6 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (1)
Key points
- Caution: Board changedlatest change 01-10-2026 · 3 in office 3 joined · 3 left View
- Positive: Largest company by total assets in Limburg, Electrical equipment sectorin the Checked rankings No. 1 View
- Caution: Result fell in 2024from €685,540 to €321,364 ▼ 53.1% View
- Positive: 7 profitable years in a rowprofit 2024: €321,364 7 years View
Recent changes
- · Gazette deed Resignation: Cornelis DE BAAR (director)Appointment: Anna MASCOLO (director)
- · Gazette deed Resignations: Emma BERGMAN (director) and Kieran WALSH (director)Appointments: Renato COELHO (director) and Taras KACHMARCHUK (director)
- · Gazette deed Reappointment: PricewaterhouseCoopers Bedrijfsrevisoren (statutory auditor)Permanent representatives: Ilse De Baets and Filip Drieghe
Comparable companies
These companies have the same main activity as VESTAS BELGIUM: manufacture of electrical equipment (NACE 27110). They are comparable in size and age: total assets between €20m and €67m, founded between 1956 and 2021.
| Company | Total assets | Turnover |
|---|---|---|
| VESTAS BELGIUM Houthalen-Helchteren | €94.1m | €128.7m |
| Grid Solutions Belgium Verviers | €55.6m | €42.0m |
| Rolls-Royce Solutions Liège Grâce-Hollogne | €66.7m | €47.9m |
| DSG Belgium Aartselaar | €20.3m | €33.5m |
| Pauwels Transformers Mechelen | €43.3m | €41.2m |
| INDUCTOTHERM COATING EQUIPMENT Herstal | €59.1m | €53.3m |
| CONSTRUCTIONS ELECTRONIQUES + TELECOMMUNICATIONS Liège | €29.9m | €35.4m |
Key facts about VESTAS BELGIUM
- What is the company number of VESTAS BELGIUM?
- The company number of VESTAS BELGIUM is 0895.070.072. The VAT number is the same number with BE in front: BE 0895.070.072.
- Where is VESTAS BELGIUM based?
- The registered office is at Koolmeesstraat 15-16, 3530 Houthalen-Helchteren.Company details
- What does VESTAS BELGIUM do?
- According to the KBO register, the main activity is manufacture of electrical equipment (NACE 27110).
- What is the legal form of VESTAS BELGIUM?
- The legal form of VESTAS BELGIUM is Public limited company (NV).
- When was VESTAS BELGIUM founded?
- VESTAS BELGIUM was founded on 21-01-2008.
- Is VESTAS BELGIUM still active?
- Yes, VESTAS BELGIUM is an active enterprise in the KBO register.
- How many employees does VESTAS BELGIUM have?
- VESTAS BELGIUM had an average of 47.3 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does VESTAS BELGIUM fall under?
- In its 2024 annual accounts, VESTAS BELGIUM states joint committees 209 (Paritair Comité voor de bedienden der metaalfabrikatennijverheid) and 111 (Paritair Comité voor de metaal-, machine- en elektrische bouw).
- What is the turnover of VESTAS BELGIUM?
- The turnover of VESTAS BELGIUM was €128.7m in financial year 2024, according to the filed annual accounts.
- Is VESTAS BELGIUM profitable?
- In financial year 2024, VESTAS BELGIUM made a profit of €321,364.
- Where can I find the annual accounts of VESTAS BELGIUM?
- VESTAS BELGIUM filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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