WIND4FLANDERS
ActiveSummary
WIND4FLANDERS has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €46.6m and a net result of €1.7m. Equity remains stable across the filed financial years (±2.1% per year). The computed 12-month bankruptcy probability is below 0.1% (very low).
Financials · financial year 2025, full format
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1.7m▼ 61.7%
2024 · €4.4m
Working capital
€1.7m▼ 56.3%
2024 · €3.8m
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €62,515 in 2025 against €86,174 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.06m
2025
Net result€1.7m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€53.9m
2025
Equity€46.6m
2025
Debt€7.3m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€1.7m
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€0.04m--€0.05m▼ 21.1%-€0.08m▼ 50.6%-€0.06m▲ 21.7%-€0.08m▼ 21.2%-€0.1m▼ 47.5%-€0.09m▲ 22.3%-€0.06m▲ 27.5%
Net result€4.7m-€5.2m▲ 12.0%€7.8m▲ 49.1%€11.7m▲ 50.5%€7.8m▼ 33.6%€6.2m▼ 19.7%€4.4m▼ 28.9%€1.7m▼ 61.7%
Equity€39.0m-€44.6m▲ 14.5%€45.1m▲ 1.0%€45.8m▲ 1.5%€49.7m▲ 8.5%€52.5m▲ 5.6%€48.2m▼ 8.1%€46.6m▼ 3.3%
Total assets€55.7m-€63.7m▲ 14.4%€69.1m▲ 8.5%€71.2m▲ 3.1%€63.2m▼ 11.3%€63.5m▲ 0.5%€61.8m▼ 2.7%€53.9m▼ 12.8%
Debt€16.7m-€19.0m▲ 14.0%€24.0m▲ 26.1%€25.5m▲ 6.1%€13.5m▼ 46.9%€11.0m▼ 18.3%€13.6m▲ 23.1%€7.3m▼ 46.5%
Working capital€11.5m-€20.7m▲ 80.2%€20.6m▼ 0.5%€18.6m▼ 9.9%€24.5m▲ 31.8%€27.0m▲ 10.4%€3.8m▼ 85.9%€1.7m▼ 56.3%
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €53.9m
Fixed assets
€48.4m =
Current assets
€5.5m ▼ 58.9%
Equity and liabilities €53.9m
Equity
€46.6m ▼ 3.3%
Debt
€7.3m ▼ 46.5%
Debt's share of the balance-sheet total falls from 22.0% to 13.5%. Equity and debt are lower.
Key figures and ratios
Current ratio
1.43▲
2024 · 1.40
Debt to equity
0.16▼
2024 · 0.28
ROE
3.6%▼
2024 · 9.2%
ROA
3.2%▼
2024 · 7.2%
Debt ≤ 1 year
€3.9m▼
2024 · €9.6m
Debt > 1 year
€3.4m▼
2024 · €4.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating charges60/66A | - | - | - | €0.06m | €0.08m | €0.1m | €0.09m | €0.06m | ▼ 27.5% |
| Services and other goods61 | - | - | - | €0.06m | €0.07m | €0.1m | €0.09m | €0.06m | ▼ 27.8% |
| Other operating charges640/8 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | ▲ 3.2% |
| Operating profit (loss)9901 | -€0.04m | -€0.05m | -€0.08m | -€0.06m | -€0.08m | -€0.1m | -€0.09m | -€0.06m | ▲ 27.5% |
| Financial income75/76B | - | - | - | €12.0m | €8.0m | €7.0m | €5.4m | €2.0m | ▼ 63.3% |
| Recurring financial income75 | €5.0m | €5.5m | €8.1m | €12.0m | €8.0m | €7.0m | €5.4m | €2.0m | ▼ 63.3% |
| Income from financial fixed assets750 | - | - | - | €11.9m | €8.0m | €7.0m | €5.2m | €1.9m | ▼ 64.4% |
| Income from current assets751 | - | - | - | - | - | €0.06m | €0.1m | €0.1m | ▼ 10.4% |
| Other financial income752/9 | - | - | - | €0.05m | €0.05m | €0 | €0.01m | - | - |
| Financial charges65/66B | - | - | - | €0.2m | €0.2m | €0.5m | €0.5m | €0.2m | ▼ 62.1% |
| Recurring financial charges65 | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | €0.5m | €0.5m | €0.2m | ▼ 62.1% |
| Debt charges650 | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | €0.5m | €0.5m | €0.2m | ▼ 62.4% |
| Other financial charges652/9 | - | - | - | €0.004m | €0.002m | €0.009m | €0.002m | €0.003m | ▲ 11.7% |
| Profit (loss) for the period before taxes9903 | €4.7m | €5.2m | €7.8m | €11.7m | €7.8m | €6.4m | €4.7m | €1.7m | ▼ 64.1% |
| Income taxes67/77 | €0.004m | - | - | - | - | €0.2m | €0.3m | - | - |
| Taxes670/3 | - | - | - | - | - | €0.2m | €0.3m | - | - |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | - | - | €0.004m | - | - |
| Profit (loss) for the period9904 | €4.7m | €5.2m | €7.8m | €11.7m | €7.8m | €6.2m | €4.4m | €1.7m | ▼ 61.7% |
| Profit (loss) for the period to be appropriated9905 | €4.7m | €5.2m | €7.8m | €11.7m | €7.8m | €6.2m | €4.4m | €1.7m | ▼ 61.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €55.7m | €63.7m | €69.1m | €71.2m | €63.2m | €63.5m | €61.8m | €53.9m | ▼ 12.8% |
| Fixed assets21/28 | €37.7m | €31.9m | €31.7m | €33.6m | €30.8m | €30.2m | €48.4m | €48.4m | = |
| Financial fixed assets28 | €37.7m | €31.9m | €31.7m | €33.6m | €30.8m | €30.2m | €48.4m | €48.4m | = |
| Affiliated companies280/1 | - | - | - | €33.6m | €30.8m | €30.2m | €48.4m | €48.4m | = |
| Participating interests280 | - | - | - | €30.0m | €30.0m | €30.0m | €48.4m | €48.4m | = |
| Amounts receivable281 | - | - | - | €3.6m | €0.8m | €0.3m | - | - | - |
| Current assets29/58 | €18.0m | €31.8m | €37.4m | €37.6m | €32.4m | €33.3m | €13.4m | €5.5m | ▼ 58.9% |
| Amounts receivable within one year40/41 | €10.5m | €23.3m | €35.0m | €23.9m | €24.8m | €31.7m | €12.6m | €2.9m | ▼ 76.9% |
| Other amounts receivable41 | - | - | - | €23.9m | €24.8m | €31.7m | €12.6m | €2.9m | ▼ 76.9% |
| Cash at bank and in hand54/58 | €7.4m | €8.5m | €2.4m | €13.7m | €7.6m | €1.4m | €0.5m | €2.2m | ▲ 319% |
| Deferred charges and accrued income490/1 | - | - | - | €0.004m | €0.04m | €0.2m | €0.3m | €0.4m | ▲ 32.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €55.7m | €63.7m | €69.1m | €71.2m | €63.2m | €63.5m | €61.8m | €53.9m | ▼ 12.8% |
| Equity10/15 | €39.0m | €44.6m | €45.1m | €45.8m | €49.7m | €52.5m | €48.2m | €46.6m | ▼ 3.3% |
| Contributions10/11 | €38.4m | €44.0m | €44.0m | €44.0m | €44.0m | €44.0m | €44.0m | €44.0m | = |
| Capital10 | - | - | - | €44.0m | €44.0m | €44.0m | €44.0m | €44.0m | = |
| Issued capital100 | - | - | - | €44.0m | €44.0m | €44.0m | €44.0m | €44.0m | = |
| Reserves13 | €0.4m | €0.6m | €1.0m | €1.6m | €2.0m | €2.3m | €2.5m | €2.6m | ▲ 3.4% |
| Non-distributable reserves130/1 | - | - | - | €1.6m | €2.0m | €2.3m | €2.5m | €2.6m | ▲ 3.4% |
| Legal reserve130 | - | - | - | €1.6m | €2.0m | €2.3m | €2.5m | €2.6m | ▲ 3.4% |
| Profit (loss) carried forward14 | €0.2m | €0.01m | €0.08m | €0.2m | €3.7m | €6.1m | €1.7m | €0.02m | ▼ 99.0% |
| Amounts payable17/49 | €16.7m | €19.0m | €24.0m | €25.5m | €13.5m | €11.0m | €13.6m | €7.3m | ▼ 46.5% |
| Amounts payable after more than one year17 | €10.2m | €8.0m | €7.2m | €6.4m | €5.6m | €4.8m | €4.0m | €3.4m | ▼ 14.3% |
| Financial debts170/4 | - | - | - | €6.4m | €5.6m | €4.8m | €4.0m | €3.4m | ▼ 14.3% |
| Other loans174 | - | - | - | €6.4m | €5.6m | €4.8m | €4.0m | €3.4m | ▼ 14.3% |
| Amounts payable within one year42/48 | €6.5m | €11.0m | €16.7m | €19.0m | €7.9m | €6.2m | €9.6m | €3.9m | ▼ 59.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.8m | €0.8m | €0.8m | €0.8m | €0.6m | ▼ 31.6% |
| Trade debts44 | €0.003m | €0.003m | €0.003m | €0.004m | €0.003m | €0.007m | €0.005m | €0.005m | ▼ 1.5% |
| Suppliers440/4 | - | - | - | €0.004m | €0.003m | €0.007m | €0.005m | €0.005m | ▼ 1.5% |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.001m | €0.01m | €0.006m | €0.004m | ▼ 32.9% |
| Taxes450/3 | - | - | - | €0.1m | - | €0.003m | - | - | - |
| Remuneration and social security454/9 | - | - | - | €0.004m | €0.001m | €0.008m | €0.006m | €0.004m | ▼ 32.9% |
| Other amounts payable47/48 | - | - | - | €18.1m | €7.1m | €5.4m | €8.8m | €3.3m | ▼ 62.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4.7m | €5.2m | €7.8m | €11.7m | €7.8m | €6.2m | €4.4m | €1.7m | ▼ 61.7% |
| Operating cash flow (approximation) | €4.7m | €5.2m | €7.8m | €11.7m | €7.8m | €6.2m | €4.4m | €1.7m | ▼ 61.7% |
| Investment in fixed assets (approximation) | - | €5.8m | €0.2m | -€1.9m | €2.8m | €0.6m | -€18.1m | €0 | - |
| Change in cash | - | €1.0m | -€6.1m | €11.3m | -€6.1m | -€6.2m | -€0.9m | €1.7m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 27-05-2026 | 2026-00127411 |
| 31-12-2024 | full format | 28-05-2025 | 2025-00124888 |
| 31-12-2023 | full format | 23-05-2024 | 2024-00095757 |
| 31-12-2022 | full format | 01-06-2023 | 2023-00105093 |
| 31-12-2021 | full format | 19-05-2022 | 2022-20031435 |
| 31-12-2020 | full format | 25-05-2021 | 2021-15300435 |
| 31-12-2019 | full format | 25-05-2020 | 2020-13100217 |
| 31-12-2018 | full format | 13-06-2019 | 2019-18700051 |
| 31-12-2017 | full format | 17-05-2018 | 2018-13300115 |
| 31-12-2016 | full format | 08-06-2017 | 2017-15900308 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.