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Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.
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Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of Wind4Flanders Projects Beta is 0.9% (low). The 2025 annual accounts show equity of €20.76M and a net result of €-45k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 83% of 30 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 5 annual accounts.
Signals
1 signal · with evidenceStrong solvency vs sector
Solvency is in the sector's strongest quartile: better than 83% of 30 peers (2025). A comfortable equity buffer.
View the sector comparison Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideLatest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-05-2026, 66 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
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.
How we compute the deadline
The year end is derived from 5 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | 26-05-2026 | 66 d early | 2026-00130743 |
| 31-12-2024 | 31-07-2025 | 22-05-2025 | 70 d early | 2025-00114413 |
| 31-12-2023 | 31-07-2024 | 24-05-2024 | 68 d early | 2024-00098448 |
| 31-12-2022 | 31-07-2023 | 30-05-2023 | 62 d early | 2023-00100729 |
| 31-12-2021 | 31-07-2022 | 24-05-2022 | 68 d early | 2022-20045383 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsMore than 3 years active
Founded in 2020, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.9%
Low
0%0,5%1,5%4%10%≥25%
Young company
+Higher-failure-rate region
+Lower-failure-rate sector
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
Turnover€3.50M-14.2%
EBIT margin9.2%-25.9pp
Net result€-45k+83.3%
Working capital€-7.74M+56.8%
Annual accounts & ratios
Source: NBB · 2025Annual accounts filed on 26-05-2026 with the NBB · fiscal year 2025 · volledig
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
volatile
Too volatile to project: the yearly deviation from the trend is ~104% of the level (threshold 35%). We therefore deliberately show no projection line.
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).
Sector comparison
Fiscal year 2025 · NACE 35 · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 52.4% | 26.1% | |
| Equity | €20.76M | €6.03M | |
| Total assets | €39.62M | €26.24M |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P83
Improving position over 2021-2025
· n=30-89
P16
Improving position over 2021-2024
· n=38-88
P62
Improving position over 2021-2025
· n=30-89
P56
Improving position over 2021-2025
· n=30-89
Describes the position versus peers, not a forecast.
€3.50M
-14.2%
21-25
€2.52M
-30.4%
21-25
€-45k
+83.3%
21-25
€2.15M
+12.0%
21-25
€39.62M
-4.1%
21-25
€20.76M
-2.1%
21-25
€-7.74M
+56.8%
21-25
€-4k
+94.0%
21-25
€400k
-
21-25
€18.70M
-6.6%
21-25
€10.18M
-49.1%
21-25
€8.52M
-
21-25
0.24
+128.1%
21-25
0.24
+128.1%
21-25
52.4%
+2.1%
21-25
0.90
-4.6%
21-25
-0.2%
+82.9%
21-25
-0.1%
+82.5%
21-25
-1.3%
+80.5%
21-25
72.0%
-18.9%
21-25
5.99
+185.6%
21-25
Figures by fiscal year
| Fiscal year | 2025 |
|---|---|
| Deposit | volledig |
| Revenue | €3.50M |
| EBITDA | €2.52M |
| Net profit | €-45k |
| Cash flow | €2.15M |
| Staff costs | - |
| Income taxes | €-4k |
| Dividends | €400k |
| Total assets | €39.62M |
| Equity | €20.76M |
| Debt | €18.70M |
| of which ≤ 1y | €10.18M |
| of which > 1y | €8.52M |
| Working capital | €-7.74M |
| Employees (FTE) | - |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 0.24 |
| Quick ratio | 0.24 |
| Working capital ratio | -19.5% |
| Solvency | 52.4% |
| Debt / equity | 0.90 |
| Long-term debt ratio | 0.41 |
| Interest coverage | 5.99 |
| Gross margin | - |
| Net margin | -1.3% |
| ROA | -0.1% |
| ROE | -0.2% |
| EBITDA margin | 72.0% |
| Days sales outstanding | 152d |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €39.62M |
| Fixed assets | 21/28 | €37.17M |
| Tangible fixed assets | 22/27 | €37.17M |
| Current assets | 29/58 | €2.45M |
| Amounts receivable within one year | 40/41 | €1.48M |
| Cash & bank | 54/58 | €885k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €39.62M |
| Equity | 10/15 | €20.76M |
| Contributions / capital | 10/11 | €18.50M |
| Reserves | 13 | €10k |
| Accumulated profits (losses) | 14 | €2.25M |
| Provisions & deferred taxes | 16 | €152k |
| Amounts payable | 17/49 | €18.70M |
| Amounts payable after one year | 17 | €8.52M |
| Amounts payable within one year | 42/48 | €10.18M |
| Trade debts payable within one year | 44 | €8.70M |
| Income statement | ||
| Turnover | 70 | €3.50M |
| Operating result | 9901 | €321k |
| Financial income | 75 | €51k |
| Financial charges | 65 | €421k |
| Result before taxes | 9903 | €-49k |
| Income taxes | 67/77 | €-4k |
| Net result for the period | 9904 | €-45k |
| Result to be appropriated | 9905 | €-45k |
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2025 · computed56
/ 100
Fair
Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Directors
Directors & mandates
20 directorsCurrent directors & mandates
-
Current15-04-2026 → present
-
Current15-04-2026 → present
-
Current07-07-2025 → present
-
Current07-07-2025 → present
-
Current07-07-2025 → present
-
Current07-07-2025 → present
-
Current07-07-2025 → present
-
Current07-07-2025 → present
-
Current07-07-2025 → present
-
Current02-01-2025 → present
4 events
- 07-07-2025 Mandate renewed· Director
- 14-01-2025 Appointed· Director
- 02-01-2025 Mandate renewed· Director
- 31-05-2024 Resigned· Director
-
Current02-01-2025 → present
3 events
- 07-07-2025 Mandate renewed· Director
- 06-01-2025 Appointed· Director
- 02-01-2025 Mandate renewed· Director
-
Current19-03-2024 → present
3 events
- 07-07-2025 Mandate renewed· Director
- 24-07-2024 Appointed· Director
- 19-03-2024 Appointed· Director
-
Current01-07-2022 → present
-
Current07-01-2022 → present
+ 5 not shown in this overview
Former directors (1)
-
Former07-01-2022 → 07-07-2025
2 events
- 07-07-2025 Resigned· Director
- 07-01-2022 Appointed· Director
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Statutory auditor
1 auditor| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| Deloitte BedrijfsrevisorenCurrent Statutory auditor · represented by Dirk Cleymans |
- | 24-07-2024 → present |
Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Productie van elektriciteit uit niet-hernieuwbare bronnen(35110) |
| Legal form | Public limited company(014) |
| Incorporation | 18-12-2020 |
| Status | Active |
| Postal code | 1000 |
Structure & network
Connections & network
25 connected companiesLinked via shared directors
viaKINDT HENK · Director
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viaKINDT HENK · Director
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viaKINDT HENK · Director
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viaKINDT HENK · Director
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viaKINDT HENK · Director
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Network connections
Shared address
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Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Locations & real estate
Registered office
on the map · from the address registerParcels1
Ground area5,799 m²
Buildings1
Building footprint2,489 m²
Volume (LiDAR)131,585 m³
Tallest building64.0 m · ±19 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels 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
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21813D0439/00P009 | Brussels | 5,799 m² | 1 · 2,489 m² | 64.0 m · 19 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
15 acts Address history · 1
26-04-2023
v3.2
All acts · 15
updated 2 months ago
2026
08-06-2026 General meeting · Officer resignation · Officer appointment · Mandate term
- Filing: 2026-06-04 · Wind4Flanders Projects Beta
- Publication: 2026-06-08 · Wind4Flanders Projects Beta
- General meeting: 2026-05-19 · Wind4Flanders Projects Beta
- Officer resignation: role: bestuurder · Valérie Duchesne
- Officer appointment: date: 2026-05-19, role: bestuurder · Geert Dhooghe
- Mandate term: end_event: gewone algemene vergadering van 2029 · Geert Dhooghe
- Officer resignation: role: bestuurder · Ann Naessens
- Officer appointment: date: 2026-05-19, role: bestuurder · Aart Geens
- Mandate term: end_event: gewone algemene vergadering van 2029 · Aart Geens
- Act object: 1000 Brussel
Summary:
General meeting · Officer resignation · Officer appointment · Mandate term
15-04-2026 Act object · Board meeting · Officer resignation · Officer appointment
- Filing: 2026-04-13 · Wind4Flanders Projects Beta
- Publication: 2026-04-15 · Wind4Flanders Projects Beta
- Act object: ONTSLAGEN, BENOEMINGEN · Wind4Flanders Projects Beta
- Board meeting: 2025-11-27 · Wind4Flanders Projects Beta
- Officer resignation: role: bestuurder · Ann Naessens
- Officer resignation: role: bestuurder · Valérie Duchesne
- Officer appointment: date: 2025-11-27, role: bestuurder, status: voorlopig · Geert Dhooghe
- Officer appointment: date: 2025-11-27, role: bestuurder, status: voorlopig · Aart Geens
Summary:
Act object · Board meeting · Officer resignation · Officer appointment
2025
10-11-2025 Publication in the Belgian Official Gazette, Miscellaneous
Summary:
Board changeNotary:
Samuel WYNANT
07-07-2025 2 directors appointed, 1 resigning, 12 reappointed
- Isabel Van Quickelberghe, Bestuurder
- Willem Wevers, Bestuurder
- Ann Panis, Bestuurder
- Rik Soens, Bestuurder
- Luc Van Hove, Bestuurder
- Harold Vanheel, Bestuurder
- Henk Kindt, Bestuurder
- Nico Priem, Bestuurder
Summary:
v3.2
14-01-2025 Nico Priem appointed as director
06-01-2025 1 director appointed, 1 resigning
02-01-2025 Articles of association amended
Summary:
v3.2
2024
19-11-2024 Change in the board of directors
Summary:
v3.2
24-07-2024 1 director appointed, 1 reappointed
16-07-2024 Change in the board of directors
Summary:
v3.2
19-03-2024 Christophe Lamoureux appointed as director
2023
26-04-2023 Registered office moved within Brussel
- Simon Bolivarlaan 34, 1000 Brussel → Simon Bolivarlaan 36, 1000 Brussel
Summary:
v3.2
2022
01-07-2022 Walter Van den Bossche appointed as director
07-01-2022 7 directors appointed
- Jurgen Callaerts, Bestuurder
- Henk Kindt, Bestuurder
- Christian Viaene, Bestuurder
- Ann Panis, Bestuurder
- Rik Soens, Bestuurder
- Harold Vanheel, Bestuurder
- Luc Van Hove, Bestuurder
Summary:
v3.2
2020
22-12-2020 Incorporation of a new NV
Summary:
oprichting
Analysis
Snowflake analysis
financial profile on 5 axes68
/ 100
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
Health
56
Profitability
40
Solvency
63
Growth
85
Stability
94
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Credit advice
verdict per customer and amountSimilar
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We hold annual accounts for 127 of the 817 companies in this sector. 24 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Productie van elektriciteit35110Productie van elektriciteit uit niet-hernieuwbare bronnen35110Distributie van elektriciteit35130Handel in elektriciteit35140Distributie van elektriciteit35140Handel in elektriciteit35150
Primary activity highlighted.
Names & trade names
| Legal nameNL | Wind4Flanders Projects Beta |
Registered office
Simon Bolivarlaan 36
1000 Brussel, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.