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WINDLOG

Active
Private limited companyfounded 20214 yrs activeRue As-Pois(TOU) 4A, 7500 Tournai, BelgiumKBO/BCE: BE 0776.490.641
Summary

WINDLOG has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €387,490 and a net result of €232,174. Equity is growing by ~95.1% per year across the filed fiscal years. Its solvency ranks better than 24% of 270 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability75=
Solvency34▲+4
Growth78=
Track record94
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24,000 at 30 days acceptable
Liquidity tight (current ratio 1.07 against 0.84 in 2024; short-term debt: 15.4% and cash: 6.3% of total assets), and 91.1% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 35
Relative position
BE, all sectors
reference
Electricity, gas, steam and air conditioning supply (NACE 35)
about 42% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
8.9%
Return on assets
5.3%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 270 sector peers (2025).
NBB · sector comparison
Position among 270 sector peers
Solvency
better than 24%
← weakest strongest →
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 · 4 filings
Deviation from the deadline
2025
66 d early
2024
42 d early
2023
75 d early
2022
69 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 63 days before the deadline; the sector median for financial year 2024 is 23 days before the deadline, and 27% of the sector filed late.

Checked, nothing found (2)
neutral · 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.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 26 October 2021, WINDLOG was incorporated as a Private limited company.1 Total assets went from EUR 3.9 million in 2022 to EUR 4.4 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2025

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Financials · fiscal year 2025, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€232,174▼ 0.6%
2024 · €233,467
Working capital
€44,105
2024 · -€153,403
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line2022202320242025
Operating result-€118,849-€188,263€294,761▲ 56.6%€298,432▲ 1.2%
Net result-€162,292-€134,140€233,467▲ 74.0%€232,174▼ 0.6%
Equity-€112,292-€21,849€255,316▲ 1,069%€387,490▲ 51.8%
Total assets€3.9m-€5.0m▲ 27.8%€4.8m▼ 3.9%€4.4m▼ 9.0%
Debt€4.0m-€5.0m▲ 23.7%€4.5m▼ 8.7%€4.0m▼ 12.5%
Working capital-€146,172--€484,276▼ 231%-€153,403▲ 68.3%€44,105
Why a figure moved sharply
  • 2025 Equity +52% on 2024. Cause not known from the registers.
  • 2024 Equity +1,069% on 2023. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
-€200,000€0€200,000Operating result 2022: -€118,849-€118,849Net result 2022: -€162,292-€162,292Operating result 2023: €188,263€188,263Net result 2023: €134,140€134,140Operating result 2024: €294,761€294,761Net result 2024: €233,467€233,467Operating result 2025: €298,432€298,432Net result 2025: €232,174€232,1742022202320242025€0€100,000€200,000€300,000Operating result 2023: €188,263€188,000Net result 2023: €134,140€134,000Operating result 2024: €294,761€295,000Net result 2024: €233,467€233,000Operating result 2025: €298,432€298,000Net result 2025: €232,174€232,000202320242025
The operating result has risen three years in a row; 2025 is 1% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.4m
Fixed assets €3.7m ▼ 8.9%
Current assets €716,085 ▼ 9.1%
Equity and liabilities €4.4m
Equity €387,490 ▲ 51.8%
Provisions €15,000 ▲ 80.0%
Debt €4.0m ▼ 12.5%
Debt's share of the balance-sheet total falls from 94.5% to 90.8%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€664,686▲
2024 · €660,998
Cash flow
€598,428▼
2024 · €599,704
Current ratio
1.07▲
2024 · 0.84
Debt to equity
10.26▼
2024 · 17.80
ROE
59.9%▼
2024 · 91.4%
ROA
5.3%▲
2024 · 4.9%
Interest coverage
9.63▼
2024 · 9.89
Debt ≤ 1 year
€671,980▼
2024 · €941,071
Debt > 1 year
€3.2m▼
2024 · €3.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 513 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 96% are still going.

  • Small
  • 2 to 5 years old
  • solvency under 10%
  • a profit of 5% of the balance sheet or more
1.9% went bankrupt
1.4% stopped otherwise
96% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 513 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet Code20242025
Assets
Total assets20/58€4.8m€4.4m▼
Fixed assets21/28€4.0m€3.7m▼
Intangible fixed assets21€169,959€83,559▼
Tangible fixed assets22/27€3.9m€3.6m▼
Plant, machinery and equipment23€3.9m€3.6m▼
Current assets29/58€787,667€716,085▼
Amounts receivable within one year40/41€310,766€270,967▼
Trade receivables40€309,096€268,578▼
Other amounts receivable41€1,670€2,389▲
Current investments50/53€163,827€165,900▲
Cash at bank and in hand54/58€308,537€274,825▼
Deferred charges and accrued income490/1€4,537€4,393▼
Equity and liabilities
Total equity and liabilities10/49€4.8m€4.4m▼
Equity10/15€255,316€387,490▲
Contributions10/11€50,000€50,000=
Profit (loss) carried forward14€205,316€337,490▲
Provisions and deferred taxes16€8,333€15,000▲
Provisions for liabilities and charges160/5€8,333€15,000▲
Major repairs and maintenance162€8,333€15,000▲
Amounts payable17/49€4.5m€4.0m▼
Amounts payable after more than one year17€3.5m€3.2m▼
Financial debts170/4€3.5m€3.2m▼
Amounts payable within one year42/48€941,071€671,980▼
Current portion of amounts payable after more than one year42€340,000€368,571▲
Trade debts44€21,048€35,705▲
Suppliers440/4€21,048€35,705▲
Taxes, remuneration and social security45€22,023€9,704▼
Taxes450/3€22,023€9,704▼
Other amounts payable47/48€558,000€258,000▼
Accrued charges and deferred income492/3€78,167€88,471▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€366,237€366,254=
Provisions for liabilities and charges: additions (uses and reversals)635/8€6,667€6,667=
Other operating charges640/8€15,970€15,418▼
Gross operating margin9900€683,635€686,770▲
Operating profit (loss)9901€294,761€298,432▲
Financial income75/76B€5,566€2,792▼
Recurring financial income75€5,566€2,792▼
Financial charges65/66B€66,860€69,050▲
Recurring financial charges65€66,860€69,050▲
Profit (loss) for the period before taxes9903€233,467€232,174▼
Profit (loss) for the period9904€233,467€232,174▼
Profit (loss) for the period to be appropriated9905€233,467€232,174▼
Appropriation of the result
Profit (loss) to be appropriated9906€205,316€437,490▲
Profit (loss) brought forward from the previous period14P-€28,151€205,316▲
Profit to be distributed694/7-€100,000
Return on contributions (dividend)694-€100,000

The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€89,241€153,861€366,237€366,254=
Provisions for liabilities and charges: additions (uses and reversals)635/8-€1,667€6,667€6,667=
Other operating charges640/8€14,150€1,141€15,970€15,418▼ 3.5%
Gross operating margin9900-€15,458€344,932€683,635€686,770▲ 0.5%
Operating profit (loss)9901-€118,849€188,263€294,761€298,432▲ 1.2%
Financial income75/76B-€1,323€5,566€2,792▼ 49.8%
Recurring financial income75-€1,323€5,566€2,792▼ 49.8%
Financial charges65/66B€43,443€55,055€66,860€69,050▲ 3.3%
Recurring financial charges65€43,443€55,055€66,860€69,050▲ 3.3%
Profit (loss) for the period before taxes9903-€162,292€134,532€233,467€232,174▼ 0.6%
Income taxes67/77-€391---
Profit (loss) for the period9904-€162,292€134,140€233,467€232,174▼ 0.6%
Profit (loss) for the period to be appropriated9905-€162,292€134,140€233,467€232,174▼ 0.6%
Line2022202320242025Change
Assets
Total assets20/58€3.9m€5.0m€4.8m€4.4m▼ 9.0%
Fixed assets21/28€3.6m€4.4m€4.0m€3.7m▼ 8.9%
Intangible fixed assets21€342,759€256,359€169,959€83,559▼ 50.8%
Tangible fixed assets22/27€3.3m€4.1m€3.9m€3.6m▼ 7.1%
Plant, machinery and equipment23€3.3m€4.1m€3.9m€3.6m▼ 7.1%
Current assets29/58€306,784€615,632€787,667€716,085▼ 9.1%
Amounts receivable within one year40/41€27,095€161,753€310,766€270,967▼ 12.8%
Trade receivables40-€161,753€309,096€268,578▼ 13.1%
Other amounts receivable41€27,095-€1,670€2,389▲ 43.1%
Current investments50/53€159,000€159,931€163,827€165,900▲ 1.3%
Cash at bank and in hand54/58€107,189€293,564€308,537€274,825▼ 10.9%
Deferred charges and accrued income490/1€13,500€384€4,537€4,393▼ 3.2%
Equity and liabilities
Total equity and liabilities10/49€3.9m€5.0m€4.8m€4.4m▼ 9.0%
Equity10/15-€112,292€21,849€255,316€387,490▲ 51.8%
Contributions10/11€50,000€50,000€50,000€50,000=
Profit (loss) carried forward14-€162,292-€28,151€205,316€337,490▲ 64.4%
Provisions and deferred taxes16-€1,667€8,333€15,000▲ 80.0%
Provisions for liabilities and charges160/5-€1,667€8,333€15,000▲ 80.0%
Major repairs and maintenance162-€1,667€8,333€15,000▲ 80.0%
Amounts payable17/49€4.0m€5.0m€4.5m€4.0m▼ 12.5%
Amounts payable after more than one year17€3.6m€3.8m€3.5m€3.2m▼ 8.8%
Financial debts170/4€3.6m€3.8m€3.5m€3.2m▼ 8.8%
Amounts payable within one year42/48€452,956€1.1m€941,071€671,980▼ 28.6%
Current portion of amounts payable after more than one year42€240,714€311,429€340,000€368,571▲ 8.4%
Trade debts44€212,241€373,027€21,048€35,705▲ 69.6%
Suppliers440/4€212,241€373,027€21,048€35,705▲ 69.6%
Taxes, remuneration and social security45-€10,452€22,023€9,704▼ 55.9%
Taxes450/3-€10,452€22,023€9,704▼ 55.9%
Other amounts payable47/48-€405,000€558,000€258,000▼ 53.8%
Accrued charges and deferred income492/3€19,539€42,236€78,167€88,471▲ 13.2%
Line2022202320242025Change
Profit (loss) for the period9904-€162,292€134,140€233,467€232,174▼ 0.6%
+ Depreciation and write-downs630€89,241€153,861€366,237€366,254=
Operating cash flow (approximation)-€73,051€288,001€599,704€598,428▼ 0.2%
Investment in fixed assets (approximation)--€933,311€0-€6,462-
Change in cash-€186,375€14,973-€33,713▼ 325%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
26-05
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
19-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial Highest result since 2022net €233,467 ▲74%
Net result €233,467, the highest in the series.
31-12
Financial Equity above €200,000Eq €255,316 ▲1,069%
2 profitable years in a row build equity to €255,316.
17-05
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial Back to profitnet €134,140
Net result €134,140 after one loss-making year.
23-05
NBB filing Annual accounts filed
fiscal year 2022 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Tournai · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
2.0 ha
Building footprint
1.2 ha
Volume, LiDAR
157,767 m³
2 parcels, Wallonia · tallest building 14.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
WINDLOG
Rue des Sablières(BL) 7, 7522 TournaiProduction of electricity from non-renewable sources
since 20212.323.887.792
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
57008D0179/00X002 Wallonia 1.9 ha 1 · 1.2 ha 14.3 m · 4 fl.
57081G0109/00N002 Wallonia 134 m² 1 · 140 m² 14.8 m · 4 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Part of the group VENTIS 15 companies Group, risk and exposure

Owners and holdings

2 owners

Chain of control

  1. VENTIS 60%
  2. WINDLOG

Highest known parent: VENTIS. The sources do not say who stands above it.

Owners 2

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 563 companies in sector 35150 we hold annual accounts for 230. 136 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded26-10-2021
Fiscal year end31-12
Activities, NACEBEL 2025
35150Electricity, gas, steam and air conditioning supply
35110Production of electricity from non-renewable sources
35130Electricity, gas, steam and air conditioning supply
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0776490641
Registered 28-11-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.