Wind4Flanders Projects Beta
ActiveSummary
Wind4Flanders Projects Beta has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20.8m and a net result of -€44,606. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 70% of 352 sector peers (NACE 35, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 18-12-2020 Normal situation
- Registered office
- 50 active companies are registered at this address Source: KBO register, as of 4 November 2026.
- Activity
- Production of electricity from non-renewable sources NACE 35110and 2 others
- Financial year end
- 31 December
- Peppol
- Reachable since 16-12-2025
Board and ownership
- Auditor
- Deloitte Bedrijfsrevisoren
Shareholders
- WIND4FLANDERS100%· score 95annual accounts 2025
- Engie SAconsolidatesannual accounts 2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.3%
Annual accounts 2025
- Turnover
- €3.5m
- ▼ 14.2%
- Loss
- €44,606
- ▼ 83.3%
- Equity
- €20.8m
- ▼ 2.1%
- Total assets
- €39.6m
- ▼ 4.1%
Score breakdownraises riskLiquidity: current ratio 0.24, cash €885,500No registered site in the KBOFounded in 2020lowers riskSize: turnover €3.5m, total assets €39.6mShow the evidence
Checked score
Score 2025
87
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 50% of medium-sized companies in electricity, gas and steam (NACE 35)
Financial strength · tick: 2024
Strong
Solvency
77+1
equity 52.4% of total assets
Liquidity
43+15
short-term debt 25.7% · cash 2.2%
Profitability
79+22
return on assets -0.1%
Bankruptcy probability within 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.1%
01-2025: 1.1%● unchanged vs 12-2024
02-2025: 1.0%▼ -0.1 percentage points vs 01-2025
03-2025: 1.1%▲ +0.1 percentage points vs 02-2025
04-2025: 1.1%● unchanged vs 03-2025highest value
05-2025: 0.6%▼ -0.5 percentage points vs 04-2025
06-2025: 0.7%▲ +0.1 percentage points vs 05-2025
07-2025: 0.3%▼ -0.4 percentage points vs 06-2025
08-2025: 0.3%● unchanged vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.4%▲ +0.1 percentage points vs 05-2026
07-2026: 0.3%▼ -0.1 percentage points vs 06-2026
08-2026: 0.3%● unchanged vs 07-2026lowest value
09-2026: 0.3%● unchanged vs 08-2026lowest value
10-2026: 0.3%● unchanged vs 09-2026lowest value
11-2026: 0.3%● unchanged vs 10-2026lowest value
Credit of up to €340,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.24 (0.11 in 2024), below 1. Short-term debt is 25.7% and cash 2.2% of total assets. 47.6% of the assets are financed with debt and provisions.
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 35, medium-sized). It does better than 76% of them on solvency, 25% on liquidity, 76% on profitability and 25% on growth.
The bankruptcy probability was computed on 03-11-2026 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).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 26-05-2026, 66 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
66 days early
2024
70 days early
2023
68 days early
2022
62 days early
2021
68 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 67 days before the deadline. In the sector (NACE 35), the median for financial year 2024 was 22 days before the deadline, and 27% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 May (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, full format
Annual accounts 2025 filed on 26-05-2026 PDF all 5 filings
Turnover
€3.5m▼ 14.2%
2024 · €4.1m
EBIT margin
9.2%▼ 25.9pp
2024 · 35.1%
Net result
-€44,606▲ 83.3%
2024 · -€266,440
Working capital
-€7.7m▲ 56.8%
2024 · -€17.9m
In the rankings
#8 company by equity in Brussels, Energy sector
Multi-year overview
2021 to 2025, 5 financial yearsTurnover
€3.5m
▼ 14.2%
2025
20212025
Operating result
€321,442
▼ 77.5%
2025
20212025
Net result
-€44,606
▲ 83.3%
2025
lowest quarter of the sector
20212025
EBIT margin
9.2%
▼ 25.9pp
2025
20212025
Equity
€20.8m
▼ 2.1%
2025
highest quarter of the sector
20212025
Total assets
€39.6m
▼ 4.1%
2025
highest quarter of the sector
20212025
Debt
€18.7m
▼ 6.6%
2025
20212025
Working capital
-€7.7m
▲ 56.8%
2025
lowest quarter of the sector
20212025
Solvency
52.4%
▲ 1.1pp
2025
middle half of the sector
20212025
Current ratio
0.24
▲ 0.13
2025
lowest quarter of the sector
20212025
Return on assets (ROA)
-0.1%
▲ 0.5pp
2025
middle half of the sector
20212025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20212022202320242025
Turnover€1.1m€6.5m▲ 465%€4.1m▼ 37.0%€3.5m▼ 14.2%
Operating result-€0.2m-€0.4m€4.2m▲ 847%€1.4m▼ 65.9%€0.3m▼ 77.5%
Net result-€0.2mbelow the sector's middle half-€0.4mwithin the sector's middle half€2.7mabove the sector's middle half▲ 558%-€0.3mbelow the sector's middle half-€0.04mbelow the sector's middle half▲ 83.3%
EBIT margin38.7%64.8%▲ 26.2pp35.1%▼ 29.7pp9.2%▼ 25.9pp
Equity-€0.06mbelow the sector's middle half-€0.4mwithin the sector's middle half€3.1mwithin the sector's middle half▲ 772%€21.2mabove the sector's middle half▲ 590%€20.8mabove the sector's middle half▼ 2.1%
Total assets€12.2mwithin the sector's middle half-€34.9mwithin the sector's middle half▲ 187%€44.2mabove the sector's middle half▲ 26.8%€41.3mabove the sector's middle half▼ 6.6%€39.6mabove the sector's middle half▼ 4.1%
Debt€12.2m-€34.5m▲ 182%€41.1m▲ 19.1%€20.0m▼ 51.3%€18.7m▼ 6.6%
Working capital-€12.1mbelow the sector's middle half--€33.8mbelow the sector's middle half▼ 179%-€38.0mbelow the sector's middle half▼ 12.4%-€17.9mbelow the sector's middle half▲ 52.8%-€7.7mbelow the sector's middle half▲ 56.8%
Solvency-0.5%below the sector's middle half-1.0%below the sector's middle half▲ 1.5pp6.9%below the sector's middle half▲ 5.9pp51.3%within the sector's middle half▲ 44.4pp52.4%within the sector's middle half▲ 1.1pp
Current ratio0.01below the sector's middle half-0.02below the sector's middle half▲ 0.010.08below the sector's middle half▲ 0.060.11below the sector's middle half▲ 0.030.24below the sector's middle half▲ 0.13
Return on assets (ROA)-1.3%below the sector's middle half-1.2%within the sector's middle half▲ 2.5pp6.2%within the sector's middle half▲ 5.0pp-0.6%within the sector's middle half▼ 6.8pp-0.1%within the sector's middle half▲ 0.5pp
above
within
below
The sector band is the middle half of the companies in Electricity, gas, steam and air conditioning supply (NACE 35). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 78% lower than in 2024. It is the second fall in a row.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €39.6m
Fixed assets
€37.2m ▼ 5.2%
Current assets
€2.4m ▲ 16.0%
Equity and liabilities €39.6m
Equity
€20.8m ▼ 2.1%
Provisions
€151,900 ▲ 49.7%
Debt
€18.7m ▼ 6.6%
Debt's share of the balance-sheet total falls from 48.4% to 47.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€2.5m▼
2024 · €3.6m
Cash flow
€2.2m▲
2024 · €1.9m
Debt to equity
0.90▼
2024 · 0.94
ROE
-0.2%▲
2024 · -1.3%
Interest coverage
5.99▲
2024 · 2.10
Debt ≤ 1 year
€10.2m▼
2024 · €20.0m
Debt > 1 year
€8.5m
Income taxes
-€3,974▲
2024 · -€66,395
Customer credit
152 days▲
2024 · 115 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €12.1m | €22.5m | €8.9m | €300,383 | €151,270 |
| Depreciation and write-downs of the year | - | €395,542 | €1.9m | €2.2m | €2.2m |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Fee for the audit | €6,140 | €6,754 | €7,092 | €7,335 | €7,493 |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €1.1m | €7.5m | €4.7m | €3.5m | ▼ 24.1% |
| Turnover70 | - | €1.1m | €6.5m | €4.1m | €3.5m | ▼ 14.2% |
| Other operating income74 | - | - | €1.1m | €0.6m | €0.03m | ▼ 94.2% |
| Operating charges60/66A | €0.2m | €0.7m | €3.4m | €3.2m | €3.2m | ▼ 0.4% |
| Services and other goods61 | €0.1m | €0.2m | €0.8m | €1.0m | €1.0m | ▼ 2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €0.4m | €1.9m | €2.2m | €2.2m | ▲ 0.4% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €0.008m | €0.04m | €0.05m | €0.05m | = |
| Other operating charges640/8 | €0.006m | €0.1m | €0.6m | €0.001m | €0 | ▼ 100% |
| Operating profit (loss)9901 | -€0.2m | €0.4m | €4.2m | €1.4m | €0.3m | ▼ 77.5% |
| Financial income75/76B | - | €0 | €0.009m | €0.004m | €0.05m | ▲ 13× |
| Recurring financial income75 | - | €0 | €0.009m | €0.004m | €0.05m | ▲ 13× |
| Income from current assets751 | - | - | €0.009m | €0.004m | €0.05m | ▲ 13× |
| Other financial income752/9 | - | €0 | €0 | - | - | - |
| Financial charges65/66B | €0.006m | €0.03m | €1.4m | €1.8m | €0.4m | ▼ 76.2% |
| Recurring financial charges65 | €0.006m | €0.03m | €1.4m | €1.8m | €0.4m | ▼ 76.2% |
| Debt charges650 | €0.006m | €0.005m | €1.4m | €1.7m | €0.4m | ▼ 75.6% |
| Other financial charges652/9 | €0.001m | €0.02m | €0.03m | €0.04m | €441 | ▼ 98.9% |
| Profit (loss) for the period before taxes9903 | -€0.2m | €0.4m | €2.8m | -€0.3m | -€0.05m | ▲ 85.4% |
| Income taxes67/77 | - | - | €0.07m | -€0.07m | -€0.004m | ▲ 94.0% |
| Taxes670/3 | - | - | €0.07m | - | - | - |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €0.07m | €0.004m | ▼ 94.0% |
| Profit (loss) for the period9904 | -€0.2m | €0.4m | €2.7m | -€0.3m | -€0.04m | ▲ 83.3% |
| Profit (loss) for the period to be appropriated9905 | -€0.2m | €0.4m | €2.7m | -€0.3m | -€0.04m | ▲ 83.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €12.2m | €34.9m | €44.2m | €41.3m | €39.6m | ▼ 4.1% |
| Fixed assets21/28 | €12.1m | €34.1m | €41.1m | €39.2m | €37.2m | ▼ 5.2% |
| Tangible fixed assets22/27 | €12.1m | €34.1m | €41.1m | €39.2m | €37.2m | ▼ 5.2% |
| Plant, machinery and equipment23 | - | €18.7m | €41.1m | €39.2m | €37.2m | ▼ 5.2% |
| Assets under construction and advance payments27 | €12.1m | €15.5m | €0 | - | - | - |
| Current assets29/58 | €0.1m | €0.7m | €3.2m | €2.1m | €2.4m | ▲ 16.0% |
| Amounts receivable within one year40/41 | €0.08m | €0.7m | €2.3m | €1.3m | €1.5m | ▲ 12.9% |
| Trade receivables40 | €0.03m | €0.6m | €2.2m | €1.3m | €1.5m | ▲ 13.6% |
| Other amounts receivable41 | €0.05m | €0.1m | €0.009m | €0.03m | €0.02m | ▼ 23.1% |
| Cash at bank and in hand54/58 | - | €0.003m | €0.8m | €0.7m | €0.9m | ▲ 26.6% |
| Deferred charges and accrued income490/1 | €0.02m | €0.03m | €0.05m | €0.1m | €0.09m | ▼ 16.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €12.2m | €34.9m | €44.2m | €41.3m | €39.6m | ▼ 4.1% |
| Equity10/15 | -€0.06m | €0.4m | €3.1m | €21.2m | €20.8m | ▼ 2.1% |
| Contributions10/11 | €0.1m | €0.1m | €0.1m | €18.5m | €18.5m | = |
| Capital10 | €0.1m | €0.1m | €0.1m | €18.5m | €18.5m | = |
| Issued capital100 | €0.1m | €0.1m | €0.1m | €18.5m | €18.5m | = |
| Reserves13 | - | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Non-distributable reserves130/1 | - | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Legal reserve130 | - | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Profit (loss) carried forward14 | -€0.2m | €0.2m | €3.0m | €2.7m | €2.3m | ▼ 16.5% |
| Provisions and deferred taxes16 | - | €0.008m | €0.05m | €0.1m | €0.2m | ▲ 49.7% |
| Provisions for liabilities and charges160/5 | - | €0.008m | €0.05m | €0.1m | €0.2m | ▲ 49.7% |
| Environmental obligations163 | - | €0.008m | - | - | - | - |
| Other liabilities and charges164/5 | - | - | €0.05m | €0.1m | €0.2m | ▲ 49.7% |
| Amounts payable17/49 | €12.2m | €34.5m | €41.1m | €20.0m | €18.7m | ▼ 6.6% |
| Amounts payable after more than one year17 | - | - | - | - | €8.5m | - |
| Financial debts170/4 | - | - | - | - | €8.5m | - |
| Other loans174 | - | - | - | - | €8.5m | - |
| Amounts payable within one year42/48 | €12.2m | €34.5m | €41.1m | €20.0m | €10.2m | ▼ 49.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €1.0m | - |
| Financial debts43 | €3.5m | €20.3m | €31.0m | €10.6m | - | - |
| Other loans439 | €3.5m | €20.3m | €31.0m | €10.6m | - | - |
| Trade debts44 | €8.7m | €14.1m | €9.2m | €9.3m | €8.7m | ▼ 6.9% |
| Suppliers440/4 | €8.7m | €14.1m | €9.2m | €9.3m | €8.7m | ▼ 6.9% |
| Taxes, remuneration and social security45 | - | €0.1m | €0.8m | €0.06m | €0.08m | ▲ 50.6% |
| Taxes450/3 | - | €0.1m | €0.8m | €0.06m | €0.08m | ▲ 50.6% |
| Other amounts payable47/48 | - | - | €0.1m | - | €0.4m | - |
| Accrued charges and deferred income492/3 | €0.001m | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.2m | €0.4m | €2.7m | -€0.3m | -€0.04m | ▲ 83.3% |
| + Depreciation and write-downs630 | - | €0.4m | €1.9m | €2.2m | €2.2m | ▲ 0.4% |
| Operating cash flow (approximation) | -€0.2m | €0.8m | €4.7m | €1.9m | €2.2m | ▲ 12.0% |
| Investment in fixed assets (approximation) | - | -€22.5m | -€8.9m | -€0.3m | -€0.2m | ▲ 51.4% |
| Change in cash | - | - | €0.8m | -€0.1m | €0.2m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 249 companies had the same profile as Wind4Flanders Projects Beta has now. Two years later, 94.0% were still going and 0.8% had gone bankrupt.
- Large
- solvency 30% or more
- a small loss
- without age
94.0%
was still going
4.8%
stopped otherwise
0.8%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Wind4Flanders Projects Beta itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 249 companies, not a prediction for Wind4Flanders Projects Beta. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 26-05-2026 | 2026-00130743 | |
| 31-12-2024 | full format | 22-05-2025 | 2025-00114413 | |
| 31-12-2023 | full format | 24-05-2024 | 2024-00098448 | |
| 31-12-2022 | full format | 30-05-2023 | 2023-00100729 | |
| 31-12-2021 | full format | 24-05-2022 | 2022-20045383 |
Board & ownership
Directors
Directors
14 directors, no change since 2026
Board 14
Rik Soens
Current
Chair · appointed in the act of 06-01-2025 · Director · current term since 20-05-2025 · term until the 2029 general meeting · listed in the 2025 annual accounts, filed on 26-05-2026
Nicolas Van den Abeele
Current
Vice-chair · appointed in the act of 06-01-2025 · Director · current term since 20-05-2025 · 3-year term from 2024 · also on the board of 12 other companies · listed in the 2025 annual accounts, filed on 26-05-2026
Christophe Lamoureux
Current
Director · current term since 20-05-2025 · term until the 2029 general meeting · listed in the 2025 annual accounts, filed on 26-05-2026
Harold Vanheel
Current
Director · current term since 20-05-2025 · term until the 2029 general meeting · listed in the 2025 annual accounts, filed on 26-05-2026
KINDT HENK
Current
Director · current term since 20-05-2025 · term until the 2029 general meeting · also on the board of 11 other companies · listed in the 2025 annual accounts, filed on 26-05-2026
Lionel Matthysen
Current
Director · current term since 20-05-2025 · term until the 2029 general meeting · listed in the 2025 annual accounts, filed on 26-05-2026
Luc Van Hove
Current
Director · current term since 20-05-2025 · term until the 2029 general meeting · listed in the 2025 annual accounts, filed on 26-05-2026
Nico Priem
Current
Director · current term since 20-05-2025 · term until the 2029 general meeting · listed in the 2025 annual accounts, filed on 26-05-2026
Show all 14 directors
Siegfried Vanhevel
Current
Director · current term since 20-05-2025 · term until the 2029 general meeting · listed in the 2025 annual accounts, filed on 26-05-2026
Tom Bollaert
Current
Director · current term since 20-05-2025 · term until the 2029 general meeting · listed in the 2025 annual accounts, filed on 26-05-2026
Isabel Van Quickelberghe
Current
Director · appointed in the act of 07-07-2025 · term until the 2029 general meeting
Willem Wevers
Current
Director · appointed in the act of 07-07-2025
Aart Geens
Current
Director · appointed in the act of 08-06-2026
Geert Dhooghe
Current
Director · appointed in the act of 08-06-2026
Statutory auditor 1
Deloitte Bedrijfsrevisoren
Current
Auditor · current term since 22-12-2020 · permanent representative: Dirk Cleymans · listed in the 2025 annual accounts, filed on 26-05-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“3. Actualisering der volmachtenregeling De Raad van Bestuur heeft beslist om de volmachtenregeling van de vennootschap “Wind4Flanders…”
deed of 06-01-2025Owners and capital
Shareholders
2 ownersChain of control
- Engie SAFR
- WIND4FLANDERS
- Wind4Flanders Projects Beta
Owners 2
- WIND4FLANDERSparentEquity €46.6m Profit of €1.7m in 2025 (profit of €4.4m in 2024) Checked score 95100%
- Engie SAFRconsolidating parentconsolidates
Capital transactions
Shareholders according to the deeds
At incorporation
act of 22-12-2020 ↗
- ELECTRABEL NV (BE 0403.170.701)
Capital over time
- 02-01-2025 Capital increase of €18,400,000 · to €18,500,000 · no new shares · contanten
- 22-12-2020 Incorporation · €100,000 · 1,000 shares
Mandate history
24 people, 15 in office
- Board
- Statutory auditor
- began earlier
- end not dated
| Name | Functions and periods |
|---|---|
| Lionel Matthysen |
|
| Nico Priem |
|
| Tom Bollaert |
|
| Harold Vanheel |
|
| KINDT HENK |
|
| Luc Van Hove |
|
| Rik Soens |
|
| Nicolas Van den Abeele |
|
| Christophe Lamoureux |
|
| Siegfried Vanhevel |
|
| Isabel Van Quickelberghe |
|
| Willem Wevers |
|
| Aart Geens |
|
| Geert Dhooghe |
|
| Deloitte Bedrijfsrevisoren |
|
| Ann Naessens |
|
| Valérie Duchesne |
|
| Ann Panis |
|
| Nicolas Van de Abeele |
|
| Walter Van den Bossche |
|
| Jurgen Callaerts |
|
| DESPLANQUE Muriel |
|
| MEULEMAN Filip |
|
| Christiaan Viaene |
|
Network & group
Companies at the same address
49 other companies- Electric Mobility Infrastructure Belgium Registered office · since 2025 1027867824
- RGE Leuze-en-Hainaut Registered office · since 2024 1010810967
- BE-NUC Establishment · since 2024 1009228976
- ENGIE PILLAR 2 - BELGIQUE Registered office · since 2024 1014115204
- PHIL Establishment · since 2021 0432271392
- BELGIAN NUCLEAR LIABILITIES FUND Registered office · since 2020 0760370429
- Belgisch Laboratorium van Elektriciteitsindustrie Establishment · since 2020 0400902582
- Wind4Flanders Projects Alfa Registered office · since 2019 0737828520
- Kring van de Ex-Tra's vzw Registered office · since 2019 0725783296
- GEMONYX Establishment · since 2019 0725645320
Connections & network
24 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
De Lochteniers
via KINDT HENK · Day-to-day manager
→
De Spil
via KINDT HENK · Director
→
ELECTRABEL GREEN PROJECTS FLANDERS
via Nicolas Van den Abeele · Director
→
HET PORTAAL
via KINDT HENK · Director
→
Show 20 more companies with a shared director
ICO WINDPARK
via Nicolas Van den Abeele · Director
→
Roeselare Bloeit
via KINDT HENK · Class A director
→
Sociaal Actiefonds
via KINDT HENK · Director
→
WALWIND
via Nicolas Van den Abeele · Administrateur représentant d’electrabel
→
WIND4FLANDERS PROJECTS 4
via KINDT HENK and Nicolas Van den Abeele · Director
→
Wind4Flanders Projects Alfa
via KINDT HENK and Nicolas Van den Abeele · Director
→
WIND4WALLONIA
via Nicolas Van den Abeele · Administrateur représentant d'electrabel
→
WIND4WALLONIA 2
via Nicolas Van den Abeele · Administrateur représentant d'electrabel
→
WIND4WALLONIA 3
via Nicolas Van den Abeele · Director
→
Belgian Waste-to-Energy
via KINDT HENK · Director
former→
De Lochting VZW
via KINDT HENK · Director
former→
GREENSKY
via Nicolas Van den Abeele · Director
former→
WOLU-SPORT
via Nicolas Van den Abeele · Membre de l'assemblée générale et du conseil d'administration
former→
FLUVIUS WEST
Shared director
→
FLUXYS
Shared director
→
FLUXYS BELGIUM
Shared director
→
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
08-06
Gazette deed
2 directors appointed, 2 directors resigningAppointments: Geert Dhooghe (director) and Aart Geens (director) · Resignations: Valérie Duchesne (director) and Ann Naessens (director)5 points ▸
Gazette deed
2 directors appointed, 2 directors resigning
Appointments: Geert Dhooghe (director) and Aart Geens (director) · Resignations: Valérie Duchesne (director) and Ann Naessens (director)5 points ▸
- General meeting, 19-05-2026
- Director appointment, Geert Dhooghe (director)
- Director resignation, Valérie Duchesne (director)
- Director appointment, Aart Geens (director)
- Director resignation, Ann Naessens (director)
26-05
full format · 66 days before the deadline
15-04
Gazette deed
2 directors appointed, 2 directors resigningResignations: Ann Naessens (director) and Valérie Duchesne (director) · Appointments: Geert Dhooghe (director) and Aart Geens (director)5 points ▸
Gazette deed
2 directors appointed, 2 directors resigning
Resignations: Ann Naessens (director) and Valérie Duchesne (director) · Appointments: Geert Dhooghe (director) and Aart Geens (director)5 points ▸
- Board meeting, 27-11-2025
- Director resignation, Ann Naessens (director)
- Director resignation, Valérie Duchesne (director)
- Director appointment, Geert Dhooghe (director)
- Director appointment, Aart Geens (director)
2025
10-11
Gazette deed
Permanent representative: Jo Van Baelen1 point ▸
Gazette deed
Permanent representative: Jo Van Baelen
1 point ▸
- Permanent representative, Jo Van Baelen (vaste vertegenwoordiger van de commissaris)
07-07
Gazette deed
2 directors appointed, 1 director resigning, 12 reappointedReappointments: Rik Soens, Luc Van Hove and 10 others · Resignation: Ann Panis (director) · Appointments: Isabel Van Quickelberghe (director) and Willem Wevers (director)16 points ▸
Gazette deed
2 directors appointed, 1 director resigning, 12 reappointed
Reappointments: Rik Soens, Luc Van Hove and 10 others · Resignation: Ann Panis (director) · Appointments: Isabel Van Quickelberghe (director) and Willem Wevers (director)16 points ▸
- General meeting, 20-05-2025
- Director reappointment, Rik Soens (director)
- Director reappointment, Luc Van Hove (director)
- Director reappointment, Harold Vanheel (director)
- Director reappointment, Henk Kindt (director)
- Director reappointment, Nico Priem (director)
- Director reappointment, Christophe Lamoureux (director)
- Director reappointment, Lionel Matthysen (director)
- Director reappointment, Nicolas Van de Abeele (director)
- Director reappointment, Siegfried Vanhevel (director)
- Director reappointment, Tom Bollaert (director)
- Director reappointment, Ann Naessens (director)
- The act holds 4 more points.
22-05
full format · 70 days before the deadline
14-01
Gazette deed
Resignation: Walter Van den Bossche (director)Appointment: Nico Priem (director)3 points ▸
Gazette deed
Resignation: Walter Van den Bossche (director)
Appointment: Nico Priem (director)3 points ▸
- Board meeting, 28-11-2024
- Director resignation, Walter Van den Bossche (director)
- Director appointment, Nico Priem (director)
06-01
Gazette deed
3 directors appointed, 1 director resigningResignation: Nico Priem (director) · Appointments: Siegfried Vanhevel, Rik Soens and Nicolas Van den Abeele · Power of attorney27 points ▸
Gazette deed
3 directors appointed, 1 director resigning
Resignation: Nico Priem (director) · Appointments: Siegfried Vanhevel, Rik Soens and Nicolas Van den Abeele · Power of attorney27 points ▸
- Board meeting, 26-09-2024
- Director resignation, Nico Priem (director)
- Director appointment, Siegfried Vanhevel (director), mentioned 2 times in the deed
- Director appointment, Rik Soens (chair)
- Director appointment, Nicolas Van den Abeele (vice-chair)
- Other provision, “actualisering volmachtenregeling, Reglement inzake gedelegeerde bevoegdheden en mandaten” (deed in Dutch)
- Board composition, Valérie DUCHESNE (class A director)
- Board composition, Ann NAESSENS (class A director)
- Board composition, Tom BOLLAERT (class A director)
- Board composition, Christophe LAMOUREUX (class A director)
- Board composition, Lionel MATTHYSEN (class A director)
- Board composition, Nicolas Van den Abeele (class A director)
- The act holds 15 more points.
02-01
Gazette deed
Capital increase of €18,400,000 to €18,500,000Appointments: Siegfried Vanhevel (director) and Nico Priem (director) · Amendment of the articles · Power of attorney7 points ▸
Gazette deed
Capital increase of €18,400,000 to €18,500,000
Appointments: Siegfried Vanhevel (director) and Nico Priem (director) · Amendment of the articles · Power of attorney7 points ▸
- General meeting, 19-12-2024
- Other provision, “verzaking aan verslagen, artikel 7:179 paragraaf 3 Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Capital increase, €18,400,000
- Amendment of the articles, 5
- Director appointment, Siegfried Vanhevel (director)
- Director appointment, Nico Priem (director)
- Power of attorney, mentioned 2 times in the deed
2024
31-12
Financial
Weakest financial yearnet -€266,440
The net result drops to -€266,440, the lowest from 2021 to 2025. It recovers the following year.
31-12
Financial
Equity above €10mequity €21.2m ▲590%
Equity rises from €3.1m to €21.2m.
19-11
Gazette deed
Resignation: Jurgen Callaerts (director)1 point ▸
Gazette deed
Resignation: Jurgen Callaerts (director)
1 point ▸
- Director resignation, Jurgen Callaerts (director)
Show earlier events
24-07
Gazette deed
Appointment: Christophe Lamoureux (director)Reappointment: Deloitte Bedrijfsrevisoren (statutory auditor)4 points ▸
Gazette deed
Appointment: Christophe Lamoureux (director)
Reappointment: Deloitte Bedrijfsrevisoren (statutory auditor)4 points ▸
- General meeting, 21-05-2024
- Board meeting, 05-12-2023
- Director appointment, Christophe Lamoureux (director), mentioned 2 times in the deed
- Auditor reappointment, Deloitte Bedrijfsrevisoren
16-07
Gazette deed
Resignation: Nico Priem (director)1 point ▸
Gazette deed
Resignation: Nico Priem (director)
1 point ▸
- Director resignation, Nico Priem (director)
24-05
full format · 68 days before the deadline
19-03
Gazette deed
Resignation: Muriel Desplanque (director)Appointment: Christophe Lamoureux (director)3 points ▸
Gazette deed
Resignation: Muriel Desplanque (director)
Appointment: Christophe Lamoureux (director)3 points ▸
- Board meeting, 05-12-2023
- Director resignation, Muriel Desplanque (director)
- Director appointment, Christophe Lamoureux (director), mentioned 2 times in the deed
2023
31-12
Financial
Highest result from 2021 to 2025net €2.7m ▲558%
The operating result of €4.2m and the net result of €2.7m are both a record.
31-12
Financial
Equity above €2mequity €3.1m ▲772%
After 2 profitable years in a row, equity reaches €3.1m.
27-07
Gazette deed
Appointment: Nicolas Van den Abeele (director)2 points ▸
Gazette deed
Appointment: Nicolas Van den Abeele (director)
2 points ▸
- General meeting, 16-05-2023
- Director appointment, Nicolas Van den Abeele (director), mentioned 2 times in the deed
05-07
Gazette deed
Powers of attorney: Loïc BIOT, Erwin BOOGAERTS and 11 others14 points ▸
Gazette deed
Powers of attorney: Loïc BIOT, Erwin BOOGAERTS and 11 others
14 points ▸
- Board meeting, 29-06-2023
- Power of attorney, Loïc BIOT
- Power of attorney, Erwin BOOGAERTS
- Power of attorney, Nicolas DE DEKEN
- Power of attorney, Michel HERYGERS
- Power of attorney, Michael LAVRY
- Power of attorney, Stéphanie MASSCHELEIN
- Power of attorney, Jean-Claude MOREL DE WESTGAVER
- Power of attorney, Nico PRIEM
- Power of attorney, Sybille PRINGOT
- Power of attorney, Geert ROGGE
- Power of attorney, Maria SAS
- The act holds 2 more points.
30-05
full format · 62 days before the deadline
26-04
Gazette deed
Registered office moved within BrusselNew seat: Simon Bolivarlaan 36, 1000 Brussel · Previous seat: Simon Bolivarlaan 34, 1000 Brussel · Resignation: Filip Meuleman (director)4 points ▸
Gazette deed
Registered office moved within Brussel
New seat: Simon Bolivarlaan 36, 1000 Brussel · Previous seat: Simon Bolivarlaan 34, 1000 Brussel · Resignation: Filip Meuleman (director)4 points ▸
- Board meeting, 09-03-2023
- Director resignation, Filip Meuleman (director)
- Director appointment, Nicolas Van den Abeele (director)
- Registered-office move, Simon Bolivarlaan 36,1000 Brussel
2022
31-12
Financial
Back to profitnet €413,839
The net result is €413,839, after one loss-making year.
31-12
Financial
Equity above €200,000equity €352,512
Equity rises from -€61,327 to €352,512.
01-07
Gazette deed
Resignation: Christian Viaene (director)Appointment: Walter Van den Bossche (director)3 points ▸
Gazette deed
Resignation: Christian Viaene (director)
Appointment: Walter Van den Bossche (director)3 points ▸
- General meeting, 17-05-2022
- Director resignation, Christian Viaene (director)
- Director appointment, Walter Van den Bossche (director)
24-05
full format · 68 days before the deadline
07-01
Gazette deed
Appointments: Jurgen Callaerts, Henk Kindt and 5 others8 points ▸
Gazette deed
Appointments: Jurgen Callaerts, Henk Kindt and 5 others
8 points ▸
- General meeting, 23-12-2021
- Director appointment, Jurgen Callaerts (class B director)
- Director appointment, Henk Kindt (class B director)
- Director appointment, Christian Viaene (class B director)
- Director appointment, Ann Panis (class B director)
- Director appointment, Rik Soens (class B director)
- Director appointment, Harold Vanheel (class B director)
- Director appointment, Luc Van Hove (class B director)
2021
24-06
Gazette deed
Powers of attorney: Loïc BIOT, Erwin BOOGAERTS and 15 others18 points ▸
Gazette deed
Powers of attorney: Loïc BIOT, Erwin BOOGAERTS and 15 others
18 points ▸
- Board meeting, 18-06-2021
- Power of attorney, Loïc BIOT
- Power of attorney, Erwin BOOGAERTS
- Power of attorney, Reinout CLAEYS
- Power of attorney, Nicolas DE DEKEN
- Power of attorney, Maarten DENECKERE
- Power of attorney, Michel HERYGERS
- Power of attorney, Michael LAVRY
- Power of attorney, Stéphanie MASSCHELEIN
- Power of attorney, Filip MEULEMAN
- Power of attorney, Jean-Claude MOREL DE WESTGAVER
- Power of attorney, Nico PRIEM
- The act holds 6 more points.
2020
22-12
Gazette deed
IncorporationStarting capital €100,000 · Appointments: MEULEMAN Filip, PRIEM Nico and 6 others · Bank account19 points ▸
Gazette deed
Incorporation
Starting capital €100,000 · Appointments: MEULEMAN Filip, PRIEM Nico and 6 others · Bank account19 points ▸
- Incorporation, 17-12-2020
- Founding capital, €100,000
- Bank account, “bijzondere rekening geopend op naam van de vennootschap in oprichting” (deed in Dutch)
- Director appointment, MEULEMAN Filip (director)
- Director appointment, PRIEM Nico (director)
- Director appointment, NAESSENS Ann (director)
- Director appointment, MATTHYSEN Lionel (director)
- Director appointment, BOLLAERT Tom (director)
- Director appointment, DESPLANQUE Muriel (director)
- Director appointment, DUCHESNE Valérie (director)
- Mandate compensation, MEULEMAN Filip
- Mandate compensation, PRIEM Nico
- The act holds 7 more points.
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Wind4Flanders Projects Beta was incorporated on 18 December 2020 as a public limited company by ELECTRABEL NV, with a starting capital of €100,000.12 The registered office was moved to Brussel in 2023.3 In 2025 the capital was increased by €18.4m to €18.5m.4 The board currently has 14 members.5 Turnover grew from €1.1m in 2022 to €3.5m in 2025.6
Company details
Register details
Identity
KBO recordName
Wind4Flanders Projects Beta in Dutch
Enterprise number
0759.994.208
Legal form
Public limited company
Status
Active, normale toestand
Founded
18-12-2020
Entity type
Legal entity
Registered office and establishments
Registered office
Simon Bolivarlaan 36, 1000 Brussel, Belgium
Activities
NACEBEL 202535110
Production of electricity from non-renewable sources main activity
35140
Electricity, gas, steam and air conditioning supply
35150
Electricity, gas, steam and air conditioning supply
Codes under NACEBEL 2008
35110
Electricity, gas, steam and air conditioning supply main activity
35130
Electricity, gas, steam and air conditioning supply
35140
Electricity, gas, steam and air conditioning supply
PurposeThe purpose describes the activities the company may carry out under its articles.
“On-shore windenergieprojecten in België te realiseren, te beheren, te onderhouden en te exploiteren en met het oog hierop de nodige…”
deed of 22-12-2020 (in Dutch)Invoicing and payment
VAT number
BE 0759.994.208
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the address
Ground area
5,799 m²
Building footprint
2,489 m²
Building volume
131,585 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21813D0439/00P009 | Brussels | 5,799 m² | 1 · 2,489 m² | 64.0 m · 19 |