WINDFARM SANKT-VITH
WINDFARM SANKT-VITH has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €4.31M and a net result of €2.19M. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 69% of 355 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
| Equity | €4.31M |
| Net result | €2.19M |
| Better than sector | 69% |
| Active | 18 yrs |
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
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).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 46.5% | 26.6% | |
| Net result | €2.19M | €112k | |
| Equity | €4.31M | €1.50M | |
| Gross operating margin | €3.70M | €182k | |
| Total assets | €9.28M | €7.06M |
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | full schema | full schema | full schema | full schema |
| Revenue | - | - | - | - |
| EBITDA | €3.65M | €4.85M | €2.00M | €1.37M |
| Net profit | €2.19M | €3.06M | €898k | €383k |
| Cash flow | €3.09M | €3.97M | €1.81M | €1.29M |
| Staff costs | - | - | - | - |
| Income taxes | €709k | €973k | €267k | €95k |
| Dividends | €4.50M | €1.25M | €500k | €300k |
| Total assets | €9.28M | €8.94M | €6.25M | €6.63M |
| Equity | €4.31M | €6.73M | €5.02M | €4.72M |
| Debt | €4.61M | €1.90M | €957k | €1.67M |
| of which ≤ 1y | €4.61M | €1.89M | €804k | €1.38M |
| of which > 1y | - | - | €96k | €237k |
| Working capital | €3.03M | €4.50M | €1.99M | €892k |
| Employees (FTE) | - | - | - | - |
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 1.66 | 3.38 | 3.47 | 1.65 |
| Quick ratio | 1.66 | 3.38 | 3.47 | 1.65 |
| Working capital ratio | 32.6% | 50.3% | 31.8% | 13.5% |
| Solvency | 46.5% | 75.2% | 80.2% | 71.2% |
| Debt / equity | 1.07 | 0.28 | 0.19 | 0.35 |
| Long-term debt ratio | - | - | 0.02 | 0.05 |
| Interest coverage | 937.79 | 390.16 | 44.15 | 14.24 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 23.6% | 34.2% | 14.4% | 5.8% |
| ROE | 50.7% | 45.5% | 17.9% | 8.1% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (26 line items)
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €9.28M | €8.94M | €6.25M | €6.63M |
| Fixed assets | 21/28 | €1.65M | €2.55M | €3.46M | €4.36M |
| Tangible fixed assets | 22/27 | €1.65M | €2.55M | €3.46M | €4.36M |
| Current assets | 29/58 | €7.63M | €6.39M | €2.79M | €2.27M |
| Stocks & contracts in progress | 3 | - | - | - | €900 |
| Amounts receivable within one year | 40/41 | €2.46M | €2.28M | €924k | €694k |
| Investments | 50/53 | €3.04M | - | - | - |
| Cash & bank | 54/58 | €2.05M | €4.10M | €1.86M | €1.50M |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €9.28M | €8.94M | €6.25M | €6.63M |
| Equity | 10/15 | €4.31M | €6.73M | €5.02M | €4.72M |
| Contributions / capital | 10/11 | €1.25M | €1.25M | €1.25M | €1.25M |
| Reserves | 13 | €2.42M | €1.42M | €581k | €581k |
| Accumulated profits (losses) | 14 | €465k | €3.78M | €2.81M | €2.41M |
| Provisions & deferred taxes | 16 | €360k | €320k | €280k | €240k |
| Amounts payable | 17/49 | €4.61M | €1.90M | €957k | €1.67M |
| Amounts payable after one year | 17 | - | - | €96k | €237k |
| Amounts payable within one year | 42/48 | €4.61M | €1.89M | €804k | €1.38M |
| Trade debts payable within one year | 44 | €63k | €67k | €103k | €84k |
| Income statement | |||||
| Gross operating margin | 9900 | €3.70M | €5.23M | €2.05M | €1.41M |
| Operating result | 9901 | €2.75M | €3.95M | €1.10M | €467k |
| Financial income | 75 | €151k | €99k | €112k | €99k |
| Financial charges | 65 | €4k | €12k | €45k | €96k |
| Result before taxes | 9903 | €2.90M | €4.03M | €1.16M | €477k |
| Income taxes | 67/77 | €709k | €973k | €267k | €95k |
| Net result for the period | 9904 | €2.19M | €3.06M | €898k | €383k |
| Result to be appropriated | 9905 | €1.19M | €2.22M | €898k | €383k |
-
Gaby SchröderDirectorState Gazette act 25109464 (29-08-2025)Current29-08-2025 → present
-
Degroof Petercam NVLegal entityDirectorState Gazette act 23093049 (19-07-2023)Current19-07-2023 → present
-
Grégoire GordetDirectorState Gazette act 22088200 (22-07-2022)Current19-07-2021 → present
2 events
- 22-07-2022 Appointed· Director
- 19-07-2021 Appointed· Président du conseil d'administration
-
EY Entreprise de réviseurs BVLegal entityAuditorState Gazette act 20121531 (16-10-2020)Current16-10-2020 → present
-
Olaf JanssenAuditorState Gazette act 20121531 (16-10-2020)Current16-10-2020 → present
-
Grommes, HerbertDirectorState Gazette act 21086774 (19-07-2021)Current13-07-2016 → present
3 events
- 29-08-2025 Resigned· Director
- 19-07-2021 Appointed· Director
- 13-07-2016 Appointed· Administrator
Show 1 more sitting directors
-
Melchers, GeorgDirectorState Gazette act 22088200 (22-07-2022)Current13-07-2016 → present
3 events
- 29-08-2025 Resigned· Director
- 22-07-2022 Appointed· Director
- 13-07-2016 Appointed· Administrator
Historic, not recently confirmed (1)
-
Cédric DorcimontDirectorState Gazette act 19105307 (01-08-2019)Not recently confirmedlast confirmed in an act from 2019
Permanent representatives (3)
-
Grégoire GordetRepresentant permanentState Gazette act 17118054 (14-08-2017)Permanent representative14-08-2017 → present
-
René JostRepresentant permanentState Gazette act 17118054 (14-08-2017)Permanent representative14-08-2017 → present
2 events
- 14-08-2017 Appointed· Representant permanent
- 14-08-2017 Resigned· Representant permanent
-
Jacques AdamRepresentant permanentState Gazette act 17118054 (14-08-2017)Permanent representative- → 14-08-2017
Former directors (2)
-
Thierry SeynaeveDirectorState Gazette act 19105307 (01-08-2019)Former- → 01-08-2019
-
Jacques AdamAdministrator delegatedState Gazette act 16097516 (13-07-2016)Former13-07-2016 → present
| KMPG (Klynveld, Peat, Marwick en Goerdeler)Current Commissaire | 19-07-2023 → present |
| Raf CoxCurrent Commissaire aux comptes | 25-04-2024 → present |
Show 1 earlier auditors
| Melissa Carton Commissaire aux comptes | - → 25-04-2024 |
| NACE primary | Production of electricity from non-renewable sources(35110) |
| Legal form | Public limited company(014) |
| Incorporation | 11-08-2008 |
| Status | Active |
| Postal code | 4700 |
We know of 17 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
29-08-2025 1 director appointed, 1 resigning
- Gaby Schröder, Bestuurder
- Herbert Grommes, Bestuurder
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- Georg Melchers, Bestuurder
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- Raf Cox, Commissaire aux comptes
- Melissa Carton, Commissaire aux comptes
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}19-07-2023 2 directors appointed
- Degroof Petercam NV, Bestuurder
- KMPG (Klynveld, Peat, Marwick en Goerdeler), Commissaire
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}29-08-2022 Articles of association amended
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}22-07-2022 2 directors appointed
- Grégoire Gordet, Bestuurder
- Georg Melchers, Bestuurder
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- Herbert Grommes, Bestuurder
- Grégoire Gordet, Président du conseil d'administration
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- EY Entreprise de réviseurs BV, Auditor
- Olaf Janssen, Auditor
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}01-08-2019 1 director appointed, 1 resigning
- Cédric Dorcimont, Bestuurder
- Thierry Seynaeve, Bestuurder
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}14-08-2017 Registered office moved from Aubel to St-Vith
- Rue de Val Dieu 33, 4880 Aubel → 4780 St-Vith, Rathausplatz 1
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}13-07-2016 3 directors appointed
- Grommes, Herbert, Administrator
- Melchers, Georg, Administrator
- Jacques Adam, Administrator delegated
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}| Legal nameDE | WINDFARM SANKT-VITH |