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Northwind

Active
Public limited companyfounded 200718 yrs activePresident Kennedypark(Kor) 8A, 8500 Kortrijk, BelgiumKBO/BCE: BE 0894.163.222
Summary

Northwind has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €54.62M and a net result of €23.24M. Equity is shrinking by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 31% of 356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).

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Checked score

Score 2024
71 / 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability78=
Solvency38▲+6
Growth65▲+12
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2M at 30 days acceptable
Liquidity tight (current ratio 1.02 against 0.87 in 2023; short-term debt: 13.9% and cash: 5.8% of total assets), and 86.9% of the assets are financed with debt.
How do we compute the score and the probability?
Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
Sector 35
lower
← 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 2024
Solvency, return and age of the figures
Solvency
13.1%
Return on assets
5.6%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
elevated failure risk from 2 to 8 years 18 years 0 20 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year €54.62M
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-06-2025, 45 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
45 d early
2023
44 d early
2022
49 d early
2021
46 d early
2020
65 d early
2019
51 d early
← before the deadline after the deadline →
Checked, nothing found (1)
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

Financials · fiscal year 2024, full schema

Turnover
€123.47M▲ 0.4%
2023 · €122.92M
2018: €107.14M 2019: €115.48M 2020: €124.03M 2021: €86.47M 2022: €81.26M 2023: €122.92M
2018 → 2024
EBIT margin
36.8%▼ 7.3pp
2023 · 44.1%
2018: 40.3% 2019: 45.1% 2020: 44.2% 2021: 26.8% 2022: 17.3% 2023: 44.1%
2018 → 2024
Net result
€23.24M▼ 23.2%
2023 · €30.27M
2018: €16.32M 2019: €22.95M 2020: €26.64M 2021: €2.49M 2022: €-4.88M 2023: €30.27M
2018 → 2024
Working capital
€963k
2023 · €-10.50M
2018: €11.14M 2019: €4.34M 2020: €-2.88M 2021: €-9.02M 2022: €-15.85M 2023: €-10.50M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20202021202220232024Trend
Turnover€124.03M-€86.47M▼ 30.3%€81.26M▼ 6.0%€122.92M▲ 51.3%€123.47M▲ 0.4%
Equity€31.34M-€31.34M=€26.46M▼ 15.6%€31.38M▲ 18.6%€54.62M▲ 74.0%
Operating result€54.87M-€23.15M▼ 57.8%€14.07M▼ 39.2%€54.18M▲ 285%€45.46M▼ 16.1%
Net result€26.64M-€2.49M▼ 90.6%€-4.88M€30.27M€23.24M▼ 23.2%
Result per fiscal year
Operating resultNet result
€-20.00M€0€20.00M€40.00M€60.00MOperating result 2020: €54.87M€54.87MNet result 2020: €26.64M€26.64MOperating result 2021: €23.15M€23.15MNet result 2021: €2.49M€2.49MOperating result 2022: €14.07M€14.07MNet result 2022: €-4.88M€-4.88MOperating result 2023: €54.18M€54.18MNet result 2023: €30.27M€30.27MOperating result 2024: €45.46M€45.46MNet result 2024: €23.24M€23.24M20202021202220232024
The operating result falls in 2024; 2024 is 16% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €417.96M
Fixed assets €359.10M ▼ 9.8%
Current assets €58.86M ▼ 13.6%
Equity and liabilities €417.96M
Equity €54.62M ▲ 74.0%
Provisions €21.17M ▲ 29.7%
Debt €342.17M ▼ 18.2%
The debt ratio falls from 89.8% to 81.9%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€81.80M▼
2023 · €90.51M
Cash flow
€59.58M▼
2023 · €66.60M
Current ratio
1.02▲
2023 · 0.87
Debt / equity
6.26▼
2023 · 13.33
ROE
42.5%▼
2023 · 96.4%
ROA
5.6%▼
2023 · 6.5%
Interest coverage
4.87▲
2023 · 4.79
Debt ≤ 1 year
€57.90M▼
2023 · €78.59M
Debt > 1 year
€279.86M▼
2023 · €333.87M
Income taxes
€6.30M▲
2023 · €5.59M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 71 lines
Balance sheet Code20232024
Assets
Total assets20/58€466.09M€417.96M▼
Fixed assets21/28€398.00M€359.10M▼
Tangible fixed assets22/27€365.98M€330.23M▼
Plant, machinery and equipment23€365.97M€329.64M▼
Other tangible fixed assets26€8k-
Assets under construction and advance payments27-€587k
Financial fixed assets28€32.02M€28.87M▼
Affiliated companies280/1€32.02M€28.87M▼
Participating interests280€32.02M€28.87M▼
Current assets29/58€68.09M€58.86M▼
Amounts receivable within one year40/41€24.85M€23.24M▼
Trade receivables40€24.85M€22.31M▼
Other amounts receivable41-€926k
Cash at bank and in hand54/58€32.80M€24.41M▼
Deferred charges and accrued income490/1€10.44M€11.21M▲
Equity and liabilities
Total equity and liabilities10/49€466.09M€417.96M▼
Equity10/15€31.38M€54.62M▲
Contributions10/11€28.49M€28.49M=
Capital10€28.49M€28.49M=
Issued capital100€28.49M€28.49M=
Reserves13€2.85M€2.85M=
Non-distributable reserves130/1€2.85M€2.85M=
Legal reserve130€2.85M€2.85M=
Profit (loss) carried forward14€43k€23.28M▲
Provisions and deferred taxes16€16.32M€21.17M▲
Provisions for liabilities and charges160/5€16.32M€21.17M▲
Other liabilities and charges164/5€16.32M€21.17M▲
Amounts payable17/49€418.38M€342.17M▼
Amounts payable after more than one year17€333.87M€279.86M▼
Financial debts170/4€333.75M€279.70M▼
Subordinated loans170€40.80M€20.32M▼
Credit institutions173€292.95M€259.37M▼
Other amounts payable178/9€122k€159k▲
Amounts payable within one year42/48€78.59M€57.90M▼
Current portion of amounts payable after more than one year42€43.04M€41.39M▼
Trade debts44€7.08M€13.73M▲
Suppliers440/4€7.08M€13.73M▲
Taxes, remuneration and social security45€3.13M€2.77M▼
Taxes450/3€3.13M€2.77M▼
Other amounts payable47/48€25.34M-
Accrued charges and deferred income492/3€5.93M€4.41M▼
Income statement Code20232024
Operating income70/76A€123.49M€123.94M▲
Turnover70€122.92M€123.47M▲
Other operating income74€562k€465k▼
Operating charges60/66A€69.31M€78.48M▲
Goods for resale, raw materials and consumables60€1.14M€1.05M▼
Purchases600/8€1.14M€1.05M▼
Services and other goods61€29.45M€36.23M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36.33M€36.34M=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€5k
Provisions for liabilities and charges: additions (uses and reversals)635/8€2.39M€4.85M▲
Other operating charges640/8€1k€1k▼
Operating profit (loss)9901€54.18M€45.46M▼
Financial income75/76B€654k€992k▲
Recurring financial income75€654k€992k▲
Income from financial fixed assets750€133k€207k▲
Income from current assets751€457k€781k▲
Other financial income752/9€65k€4k▼
Financial charges65/66B€18.98M€16.91M▼
Recurring financial charges65€18.98M€16.91M▼
Debt charges650€18.90M€16.80M▼
Other financial charges652/9€81k€109k▲
Profit (loss) for the period before taxes9903€35.85M€29.54M▼
Income taxes67/77€5.59M€6.30M▲
Taxes670/3€5.59M€6.30M▲
Profit (loss) for the period9904€30.27M€23.24M▼
Profit (loss) for the period to be appropriated9905€30.27M€23.24M▼
Appropriation of the result
Profit (loss) to be appropriated9906€25.39M€23.28M▼
Profit (loss) brought forward from the previous period14P€-4.88M€43k▲
Profit to be distributed694/7€25.34M-
Return on contributions (dividend)694€25.34M-

The notes to these accounts (48 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

2026
04-09
State Gazette act Statutes amendment
General meeting · Statutes amendment · Capital4 facts ▸
  • General meeting, 04-08-2026
  • Statutes amendment
  • Capital, €28.490.700
  • Power of attorney
01-09
State Gazette act Resignations & appointments
General meeting · Director resignation · Director appointment4 facts ▸
  • General meeting, 03-08-2026
  • Director resignation, Philippe Awouters (director)
  • Director appointment, Philippe Awouters (director)
  • Mandate compensation, Philippe Awouters
16-06
State Gazette act Resignations & appointments
General meeting · Director appointment · Auditor appointment11 facts ▸
  • General meeting, 15/05/2026
  • Director appointment, Peter Jans (director)
  • Director appointment, Ludo Kelchtermans (director)
  • Director appointment, Rik Van de Walle (director)
  • Director appointment, David De Brabant (director)
  • Director appointment, Philippe Awouters (director)
  • Director appointment, Kenta Nishikawa (director)
  • Director appointment, Silja Wiebe (director)
  • Director appointment, Reiko Matsuura (director)
  • Auditor appointment, Grant Thornton Bedrijfsrevisoren (statutory auditor)
  • Permanent representative, Elie Janssens
14-01
State Gazette act Registered office · Resignations & appointments
Registered-office move · Board meeting · Director resignation5 facts ▸
  • Registered-office move, President Kennedypark 8A bus 1, 8500 Kortrijk
  • Board meeting, 09/12/2025
  • Director resignation, Takashi Aota (director)
  • Director appointment, Reiko Matsuura (director)
  • Power of attorney, A&P Wind Services NV
2025
20-08
State Gazette act Resignations & appointments
Board meeting · Director resignation · Director appointment10 facts ▸
  • Board meeting, 09/12/2024
  • Director resignation, Paul de Fauw (director)
  • Director appointment, David De Brabant (director)
  • General meeting, 16/05/2025
  • Director appointment, Christoph Mertens (director)
  • Director appointment, David De Brabant (director)
  • Director appointment, Philippe Awouters (director)
  • Board meeting, 25/06/2025
  • Director resignation, Christoph Mertens (director)
  • Director appointment, Silja Wiebe (director)
16-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
28-04
State Gazette act Resignations & appointments
Board meeting · Director resignation · Director appointment3 facts ▸
  • Board meeting, 17/06/2024
  • Director resignation, Felix Prechtel (director)
  • Director appointment, Christoph Mertens (director)
2024
31-12
Financial Equity above €50MEq €54.62M ▲74%
2 profitable years in a row build equity to €54.62M.
13-08
State Gazette act Capital & shares · Statutes amendment · Resignations & appointments · Miscellaneous
General meeting · Registered-office move · Capital4 facts ▸
  • General meeting, 06/06/2024
  • Registered-office move, 8530 Harelbeke, Vaarnewijkstraat 17
  • Capital, €28.490.700
  • Statutes amendment
86.5% of this act was read; anything after the cut is not in this list.Read the act at the Belgisch Staatsblad ↗
17-06
NBB filing Annual accounts filed
fiscal year 2023 · full schema
14-06
State Gazette act Statutes amendment · Resignations & appointments · Miscellaneous
General meeting · Registered-office move · Capital4 facts ▸
  • General meeting, 06/06/2024
  • Registered-office move, 8530 Harelbeke, Vaarnewijkstraat 17
  • Capital, €28.490.700
  • Statutes amendment
79.4% of this act was read; anything after the cut is not in this list.Read the act at the Belgisch Staatsblad ↗
03-04
State Gazette act Registered office · Resignations & appointments
General meeting · Board meeting · Director resignation12 facts ▸
  • General meeting, 08/03/2024
  • Board meeting, 08/03/2024
  • Director resignation, Mathias Van Steenwinkel (director)
  • Director resignation, Peter Caluwaerts (director)
  • Director resignation, Consulting Van Leeuw BV (director)
  • Director discharge, Mathias Van Steenwinkel
  • Director discharge, Peter Caluwaerts
  • Director discharge, Consulting Van Leeuw BV
  • Power of attorney, A&P Wind Services NV
  • Power of attorney, Jan Vettenburg
  • Power of attorney, Eric Antoons
  • Registered-office move, Vaarnewijkstraat 17, 8530 Harelbeke
08-01
State Gazette act Resignations & appointments
General meeting · Director resignation · Director appointment5 facts ▸
  • General meeting, 19/05/2023
  • Director resignation, Motoo Shimada (director)
  • Director appointment, Takashi Aota (director)
  • Auditor appointment, EY Bedrijfsrevisoren BV (statutory auditor)
  • Permanent representative, Francis Boelens
2023
31-12
Financial Back to profitnet €30.27M
Net result €30.27M after one loss-making year.
12-06
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial Weakest financial yearnet €-4.88M ▼296%
Net result drops to €-4.88M, the lowest in the series; recovery starts the following year.
22-06
State Gazette act Resignations & appointments
General meeting · Director resignation · Director appointment5 facts ▸
  • General meeting, 20/05/2022
  • Director resignation, Pieter Marinus (director)
  • Director appointment, Mathias Van Steenwinke! (director)
  • Director appointment, Peter Caluwaerts (director)
  • Director appointment, Rik Van de Walle (director)
15-06
NBB filing Annual accounts filed
fiscal year 2021 · full schema
24-01
State Gazette act Resignations & appointments
Board meeting · Director resignation · Director appointment5 facts ▸
  • Board meeting, 20/12/2021
  • Director resignation, Paul Tummers (director)
  • Director resignation, Wim Colruyt (director)
  • Director appointment, Pieter Marinus (director)
  • Director appointment, Peter Caluwaerts (director)
2021
23-06
State Gazette act Resignations & appointments
General meeting · Director reappointment · Permanent representative3 facts ▸
  • General meeting, 21/05/2021
  • Director reappointment, Van Leeuw Consulting (director)
  • Permanent representative, François Van Leeuw
27-05
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
10-12
State Gazette act Resignations & appointments
Board meeting · Director appointment · Permanent representative3 facts ▸
  • Board meeting, 16/10/2020
  • Director appointment, Van Leeuw Consulting (director)
  • Permanent representative, François Van Leeuw
15-07
State Gazette act Resignations & appointments
Board meeting · Director resignation · Director appointment3 facts ▸
  • Board meeting, 18/06/2020
  • Director resignation, Werner Decrem (director)
  • Director appointment, Ludo Kelchtermans (chair of the board)
22-06
State Gazette act Resignations & appointments
General meeting · Director reappointment · Permanent representative14 facts ▸
  • General meeting, 15/05/2020
  • Director reappointment, Defada bv (director)
  • Permanent representative, Paul De fauw
  • Director reappointment, Peter Jans (director)
  • Director reappointment, Ludo Kelchtermans (director)
  • Director reappointment, Rik Van de Walle (director)
  • Director reappointment, Wim Colruyt (director)
  • Director reappointment, Werner Decrem (director)
  • Director reappointment, Paul Tummers (director)
  • Director reappointment, Motoo Shimada (director)
  • Director reappointment, Christoph Mertens (director)
  • Director reappointment, Kenta Nishikawa (director)
  • +2 further facts in this act
10-06
NBB filing Annual accounts filed
fiscal year 2019 · full schema
09-03
State Gazette act Resignations & appointments
Board meeting · Power of attorney3 facts ▸
  • Board meeting, 19/02/2020
  • Power of attorney, A&P Wind Services NV
  • Power of attorney, A&P Wind Services NV
06-03
State Gazette act Resignations & appointments
Board meeting · Director resignation · Director appointment3 facts ▸
  • Board meeting, 18/12/2019
  • Director resignation, François Van Leeuw (director)
  • Director appointment, Paul Tummers (director)
06-03
State Gazette act Capital & shares · Statutes amendment · Miscellaneous
General meeting · Capital decrease · Statutes amendment5 facts ▸
  • General meeting, 21 februari 2020
  • Capital decrease, €7.086.600
  • Statutes amendment
  • Capital, €28.490.700
  • Name change, Northwind
92.9% of this act was read; anything after the cut is not in this list.Read the act at the Belgisch Staatsblad ↗
2019
29-11
State Gazette act Resignations & appointments
Board meeting · Director resignation · Director appointment3 facts ▸
  • Board meeting, 09/10/2019
  • Director resignation, Hisayuki Doi (director)
  • Director appointment, Kenta Nishikawa (director)
11-07
State Gazette act Resignations & appointments
General meeting · Director appointment2 facts ▸
  • General meeting, 17 mei 2019
  • Director appointment, Mertens Christoph (director)
27-05
NBB filing Annual accounts filed
fiscal year 2018 · full schema
23-05
State Gazette act Resignations & appointments
Board meeting · Director resignation · Director appointment3 facts ▸
  • Board meeting, 20/12/2018
  • Director resignation, Yoichi Sakai (director)
  • Director appointment, Mertens Christoph (director)
27-02
State Gazette act Capital & shares · Statutes amendment
General meeting · Capital decrease · Capital5 facts ▸
  • General meeting, 20 februari 2019
  • Capital decrease, €8.239.800
  • Capital, €35.577.300
  • Statutes amendment
  • Power of attorney, Raad van bestuur
2018
24-08
State Gazette act Capital & shares
General meeting · Capital decrease · Capital5 facts ▸
  • General meeting, 20 augustus 2018
  • Capital decrease, €9.048.900
  • Capital, €43.817.100
  • Statutes amendment
  • Power of attorney, raad van bestuur
20-07
State Gazette act Resignations & appointments
General meeting · Director appointment · Director resignation3 facts ▸
  • General meeting, 18/05/2018
  • Director appointment, Motoo Shimada (director)
  • Director resignation, Keiichi Mihara (director)
06-06
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
14-11
State Gazette act Capital & shares
General meeting · Capital decrease · Capital5 facts ▸
  • General meeting, 27/10/2017
  • Capital decrease, €27.714.000
  • Capital, €52.866.000
  • Statutes amendment
  • Power of attorney, raad van bestuur
31-10
State Gazette act Resignations & appointments
General meeting · Auditor appointment · Permanent representative4 facts ▸
  • General meeting, 19 mei 2017
  • Auditor appointment, Ernst & Young Bedrijfsrevisoren BCVBA (statutory auditor)
  • Permanent representative, Francis Boelens
  • Mandate term, controlemandaat, gewone algemene vergadering te houden in 2020
15-06
State Gazette act Miscellaneous
General meeting1 fact ▸
  • General meeting, 31/05/2017
06-06
NBB filing Annual accounts filed
fiscal year 2016 · full schema
09-02
State Gazette act Resignations & appointments
Permanent representative2 facts ▸
  • Permanent representative, Frederic Poesen (permanent representative)
  • Permanent representative, Ludo Ruysen (permanent representative)
2016
22-06
State Gazette act Resignations & appointments
General meeting · Director appointment · Director resignation7 facts ▸
  • General meeting, 18/04/2016
  • Director appointment, Hisayuki Doi (director)
  • Director appointment, Van Leeuw François (director)
  • Director appointment, Decrem Werner (director)
  • Director resignation, Crevits Dries (director)
  • Director resignation, Biesemans Wim (director)
  • Director resignation, Naoki Murakata (director)
22-06
State Gazette act Resignations & appointments
Board meeting · Director appointment2 facts ▸
  • Board meeting, 14/04/2016
  • Director appointment, Decrem Werner (director)
28-04
NBB filing Annual accounts filed
fiscal year 2015 · full schema
04-03
State Gazette act Resignations & appointments
Director resignation1 fact ▸
  • Director resignation, Dries Crevits (director)
04-03
State Gazette act Resignations & appointments
Board meeting · Director resignation · Director appointment3 facts ▸
  • Board meeting, 17/12/2015
  • Director resignation, Biesemans Wim (director)
  • Director appointment, Van Leeuw François (director)
2015
25-09
State Gazette act Resignations & appointments
Board meeting · Director resignation · Director appointment6 facts ▸
  • Board meeting, 03/09/2015
  • Director resignation, Naoki Murakata (director)
  • Director appointment, Doi Hisayuki (director)
  • Mandate compensation, Doi Hisayuki
  • Power of attorney, Johan Lagae
  • Power of attorney, Els Bruls
25-09
State Gazette act Resignations & appointments
Board meeting · Power of attorney18 facts ▸
  • Board meeting, 03/09/2015
  • Power of attorney, Wim Biesemans
  • Power of attorney, Rik Van de Walle
  • Power of attorney, Peter Jans
  • Power of attorney, Paul De fauw
  • Power of attorney, Kelichi Mihara
  • Power of attorney, Doi Hisayuki
  • Power of attorney, Yoichi Sakai
  • Power of attorney, Ludo Kelchtermans
  • Power of attorney, Wim Colruyt
  • Power of attorney, Dries Crevits
  • Power of attorney, Valérie De Schryvere
  • +6 further facts in this act
11-03
State Gazette act Resignations & appointments
Board meeting · Director resignation · Director appointment5 facts ▸
  • Board meeting, 16/12/2014
  • Director resignation, Baetens Koen (director)
  • Director resignation, de Leu de Cécil Jean (director)
  • Director appointment, Colruyt Wim (director)
  • Director appointment, Crevits Dries (director)
02-03
State Gazette act Resignations & appointments
Board meeting · Director resignation · Power of attorney12 facts ▸
  • Board meeting, 01/10/2014
  • Director resignation, SA InControl (algemeen directeur)
  • Power of attorney, SA InControl
  • Director appointment, NV A&P WIND SERVICES (algemeen directeur)
  • Permanent representative, Jan VETTENBURG
  • Permanent representative, Eric ANTOONS
  • Director resignation, Wim BIESEMANS (chair of the board)
  • Director appointment, BVBA DEFADA (chair of the board)
  • Permanent representative, Paul DE FAUW
  • Director resignation, Peter CALUWAERTS (secretary)
  • Director appointment, Valérie DE SCHRYVERE (secretary)
  • Permanent representative, Frank COENEN
2014
23-10
State Gazette act Resignations & appointments
General meeting · Approval · Statutes amendment20 facts ▸
  • General meeting, 29/09/2014
  • Approval, verslag van de raad van bestuur overeenkomstig artikel 560
  • Statutes amendment
  • Director appointment, MIHARA Keiichi (director)
  • Director appointment, MURAKATA Naoki (director)
  • Director appointment, SAKAI Yoichi (director)
  • Director appointment, Defada (director)
  • Permanent representative, Paul De Fauw
  • Director appointment, KELCHTERMANS Ludo (director)
  • Director reappointment, BIESEMANS Wim Paul (director)
  • Director reappointment, BAETENS Koen (director)
  • Director reappointment, DE LEU DE CÉCIL Jean (director)
  • +8 further facts in this act
23-10
State Gazette act Miscellaneous
General meeting1 fact ▸
  • General meeting, 29/09/2014
04-07
State Gazette act Registered office · Resignations & appointments
General meeting · Director resignation · Director appointment18 facts ▸
  • General meeting, 16/05/2014
  • Director resignation, Peter Jans (director)
  • Director resignation, Konrad (Koen) Baetens (director)
  • Director resignation, Wim Biesemans (director)
  • Director appointment, Peter Jans (director)
  • Director appointment, Konrad (Koen) Baetens (director)
  • Director appointment, Wim Biesemans (director)
  • Mandate compensation, Peter Jans
  • Mandate compensation, Konrad (Koen) Baetens
  • Mandate compensation, Wim Biesemans
  • Auditor resignation, KPMG Bedrijfsrevisoren BV CVBA (statutory auditor)
  • Auditor resignation, Boes&Co Burg. BVBA (statutory auditor)
  • +6 further facts in this act
2013
08-10
State Gazette act Resignations & appointments
Board meeting · Permanent representative2 facts ▸
  • Board meeting, 27/08/2013
  • Permanent representative, Ludo Ruysen
25-06
State Gazette act Resignations & appointments
General meeting · Director resignation · Director appointment7 facts ▸
  • General meeting, 17/05/2013
  • Director resignation, Rik Van de Walle (director)
  • Director resignation, Jean de Leu de Cécil (director)
  • Director appointment, Rik Van de Walle (director)
  • Director appointment, Jean de Leu de Cécil (director)
  • Mandate compensation, Rik Van de Walle
  • Mandate compensation, Jean de Leu de Cécil
07-05
State Gazette act Registered office
Board meeting · Registered-office move2 facts ▸
  • Board meeting, 25/03/2013
  • Registered-office move, Vital Decosterstraat 44, 3000 Leuven
2012
31-05
State Gazette act Miscellaneous
General meeting1 fact ▸
  • General meeting, 15/05/2012
31-05
State Gazette act Resignations & appointments
Board meeting · Auditor appointment2 facts ▸
  • Board meeting, 15/05/2012
  • Auditor appointment, PKF Bedrijfsrevisoren CVBA (statutory auditor)
30-05
State Gazette act Capital & shares · Purpose · Statutes amendment
General meeting · Capital · Statutes amendment7 facts ▸
  • General meeting, 03/05/2012
  • Capital, €80.580.000
  • Statutes amendment
  • Statutes amendment
  • Statutes amendment
  • Statutes amendment
  • Power of attorney, CALUWAERTS Peter
14-05
State Gazette act Resignations & appointments
Board meeting · Power of attorney3 facts ▸
  • Board meeting, 12/03/2012
  • Power of attorney, Robert Hoornaert
  • Power of attorney, Eddy Decoene
15-02
State Gazette act Resignations & appointments
Board meeting · Director appointment · Permanent representative5 facts ▸
  • Board meeting, 03/10/2011
  • Director appointment, InControl SA (algemeen directeur)
  • Permanent representative, Frank Coenen
  • Power of attorney, InControl SA
  • Power of attorney, InControl SA
11-01
State Gazette act Capital & shares
General meeting · Capital increase · Capital4 facts ▸
  • General meeting, 16/12/2011
  • Capital increase, €60.000.000
  • Capital, €80.580.000
  • Statutes amendment
2011
14-12
State Gazette act Resignations & appointments
General meeting · Auditor appointment3 facts ▸
  • General meeting, 20-05-2011
  • Auditor appointment, KPMG (statutory auditor)
  • Auditor appointment, Boes & Co (statutory auditor)
05-05
State Gazette act Registered office · Capital & shares · Resignations & appointments
General meeting · Name change · Registered-office move13 facts ▸
  • General meeting, 08/04/2011
  • Name change, Northwind
  • Registered-office move, Zeebrugge (8380 Brugge), Kustlaan 176
  • Capital increase, €15.000.000
  • Capital, €20.580.000
  • Director resignation, ELECTRAWINDS (director)
  • Director resignation, JVL (director)
  • Permanent representative, JASYLCO
  • Permanent representative, Jan DEWULF
  • Permanent representative, Johan VANDE LANOTTE
  • Director appointment, Wim BIÉSEMANS (director)
  • Power of attorney, raad van bestuur
  • +1 further facts in this act
04-04
State Gazette act Resignations & appointments
Board meeting · Director resignation · Permanent representative33 facts ▸
  • Board meeting, 07/06/2010
  • Director resignation, LDS NV (director)
  • Permanent representative, Luc Desender
  • Director appointment, Electrawinds NV (director)
  • Permanent representative, JASYLCO BVBA
  • Permanent representative, Jan Dewulf
  • General meeting, 30/06/2010
  • Director resignation, LDS NV (director)
  • Director discharge, LDS NV
  • Director appointment, Electrawinds NV (director)
  • Mandate term, eindigt onmiddellijk na de gewone algemene vergadering die zich dient uit te spreken over de goedkeuring van de jaarrekening van het boekjaar afgesloten op 2013
  • Mandate compensation, Electrawinds NV
  • +21 further facts in this act
2010
08-06
State Gazette act Capital & shares
General meeting · Capital increase · Bank account8 facts ▸
  • General meeting, 17-05-2010
  • Capital increase, €3.900.000
  • Bank account, KBC Bank
  • Statutes amendment
  • Power of attorney, Rik Van de Walle
  • Power of attorney, Robert Hoornaert
  • Power of attorney, NV LDS
  • Power of attorney, Jean de Leu de Cecil
2008
19-05
State Gazette act Resignations & appointments
General meeting · Auditor appointment · Permanent representative3 facts ▸
  • General meeting, 06/05/2008
  • Auditor appointment, PKF Bedrijfsrevisoren (statutory auditor)
  • Permanent representative, Ria Verheyen
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
18 directors, last change in 2026
Philippe Awouters
Director · since 03-08-2026
Current
Reiko Matsuura
Director · since 09-12-2025
Current
Silja Wiebe
Director · since 25-06-2025
Current
David De Brabant
Director · since 09-12-2024
Current
Mathias Van Steenwinke!
Director · since 22-06-2022
Current
Van Leeuw Consulting
Director · since 10-12-2020 · Legal entity · perm. rep.: François Van Leeuw
Current
12 other directors
Ludo Kelchtermans
Director · since 15-07-2020
Current
Kenta Nishikawa
Director · since 09-10-2019
Current
JANS Peter
Director · since 16-05-2014
Current
Rik Van de Walle
Director · since 17-05-2013
Current
DEFADA BV
Director · Legal entity · perm. rep.: Paul De fauw
Not recently confirmed
A&P Wind Services NV
Algemeen directeur · since 01-10-2014 · Legal entity
Not recently confirmed
BVBA DEFADA
Chair of the board · since 01-10-2014 · Legal entity · perm. rep.: Paul DE FAUW
Not recently confirmed
Valérie DE SCHRYVERE
Secretary · since 01-10-2014
Not recently confirmed
KELCHTERMANS Ludo Enk
Director · since 30-09-2014
Not recently confirmed
Konrad (Koen) Baetens
Director · since 16-05-2014
Not recently confirmed
Konrad Baetens
Director · since 20-09-2010
Not recently confirmed
Peter Albert L. Jans
Director · since 20-09-2010
Not recently confirmed
03-08-2026 Philippe Awouters: Reappointed as Director
15-05-2026 Philippe Awouters: Appointed as Director
15-05-2026 Reiko Matsuura: Appointed as Director
15-05-2026 Silja Wiebe: Appointed as Director
15-05-2026 David De Brabant: Appointed as Director
Full history in the Timeline (90 changes) →
Not every act has been read: a resignation may be missing here
3 acts were read only in part. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 2008
establishment The establishment unit on the map
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

President Kennedypark(Kor) 8A8500 Kortrijk
Ground area
5,043 m²
Building footprint
811 m²
Volume, LiDAR
10,830 m³
Parcel 34354D0092/00F000, Flanders · tallest building 17.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
President Kennedypark(Kor) 8A, 8500 Kortrijk
Production of electricity from non-renewable sources
since 20082.206.334.680
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34354D0092/00F000 Flanders 5,043 m² 1 · 811 m² 17.6 m · 4 fl.
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Statutory auditor

1 auditor
GRANT THORNTON BEDRIJFSREVISOREN - REVISEURS D'ENTREPRISESCurrent
Statutory auditor · represented by Elie Janssens
16-06-2026 → present
Show 8 earlier auditors
BOES & CO
Statutory auditor · represented by Joseph Michel Boes
succeeded by KPMG Bedrijfsrevisoren Burg. CVBA in 2014
20-05-2011 → 04-07-2014
CVBA PKF Bedrijfsrevisoren
Statutory auditor
succeeded by KPMG Bedrijfsrevisoren Burg. CVBA in 2014
31-05-2012 → 04-07-2014
Ernst & Young Bedrijfsrevisoren BCVBA
Statutory auditor · represented by Francis Boelens
succeeded by EY Bedrijfsrevisoren BV in 2020
31-10-2017 → 22-06-2020
EY Bedrijfsrevisoren BV
Statutory auditor · represented by Francis Boelens
succeeded by GRANT THORNTON BEDRIJFSREVISOREN - REVISEURS D'ENTREPRISES in 2026
22-06-2020 → 16-06-2026
KPMG
Statutory auditor · represented by Erik Clinck
succeeded by BOES & CO in 2011
01-01-2010 → 20-05-2011
KPMG Bedrijfsrevisoren Burg. CVBA
Statutory auditor · represented by Ludo Ruysen
succeeded by Ernst & Young Bedrijfsrevisoren BCVBA in 2017
04-07-2014 → 31-10-2017
PKF bedrijfsrevisoren
Statutory auditor · represented by Ria Verheyen
succeeded by KPMG in 2010
19-05-2008 → 01-01-2010
VGD Bedrijfsrevisoren CVBA
Statutory auditor · represented by Jurgen Lelie
succeeded by Ernst & Young Bedrijfsrevisoren BCVBA in 2017
04-07-2014 → 31-10-2017

Articles of association

Purpose
De bouw en exploitatie van een Off Shore windmolenpark op de Lodewijkbank of op enige andere locatie in de Noordzee, met het oog op de productie van hernieuwbare elektriciteit.…
Full purpose

De bouw en exploitatie van een Off Shore windmolenpark op de Lodewijkbank of op enige andere locatie in de Noordzee, met het oog op de productie van hernieuwbare elektriciteit. Binnen dit kader: het aanleggen, het uitbouwen en beheren van een onroerend vermogen...; het aanleggen, het oordeelkundig uitbouwen en beheren van een roerend patrimonium...; alle verrichtingen stellen van commerciële, industriële, onroerende, roerende of financiële aard...

according to the deed of 04-09-2026

Structure & network

Connections & network

79 connected companies
Rik Van de Walle, Shared director, links 16 companies RV Rik Van …WalleASPIRAVI OFFSHORE, via Rik Van de Walle AOASPIRAVIOFFSHOREBelgian Offshore Platform, via Rik Van de Walle BOBelgianOffshore…tformCableco, via Rik Van de Walle CCablecoOtary RS, via Rik Van de Walle OROtary RSVLAAMSE ECOLOGIE - ENERGIE - EN MILIEUONDERNEMING, via Rik Van de Walle VEVLAAMSEECOLOGIE…EMINGASPIRAVI OFFSHORE II, via Rik Van de Walle AOASPIRAVIOFFSHORE IIAssociatie Universiteit Gent, via Rik Van de Walle AUAssociatieUniversi… GentBIO BASE EUROPE PILOT PLANT, via Rik Van de Walle BBBIO BASEEUROPE P…PLANTBLUEBRIDGE INCUBATIE- EN INNOVATIECENTRUM, via Rik Van de Walle BIBLUEBRIDGEINCUBATI…NTRUMIMEC International, via Rik Van de Walle IIIMECInternationalInteruniversitair Micro-Electronica Centrum, via Rik Van de Walle IMInteruni…itairMicro-El…ntrumPensioenfonds UZ Gent - UGent, via Rik Van de Walle PUPensioenfondsUZ Gent …UGentVlaamse Interuniversitaire Raad, via Rik Van de Walle VIVlaamseInteruni… RaadNorthwind Northwind0894.163.222
Shared directors
Linked via shared directors
ASPIRAVI OFFSHORE
viaLudo Kelchtermans · Chair of the board
→
→
Show 44 more companies with a shared director
→
DIRCOM
viaJANS Peter · Non-statutory director
→
→
ESSEC GROUP
viaJANS Peter · Non-statutory director
→
ESSEC TELECOM CENTER
viaJANS Peter · Non-statutory director
→
→
JULANO
viaDavid De Brabant · Permanent representative
→
Luminus
viaDavid De Brabant · Class A director
→
NUBEMA
viaJANS Peter · Permanent representative
→
→
→
→
former→
ASPIRAVI OFFSHORE II
viaRik Van de Walle · Director and managing director
former→
former→
Associatie Universiteit Gent
viaRik Van de Walle · Rector universiteit gent
former→
BIO BASE EUROPE PILOT PLANT
viaRik Van de Walle · Vast vertegenwoordiger van universiteit gent in de raad van bestuur
former→
copias
viaJANS Peter · Director
former→
former→
former→
former→
former→
former→
NUTSBEDRIJVEN HOUDSTERMAATSCHAPPIJ
viaJANS Peter · Permanent representative
former→
PUBLI-T
viaLudo Kelchtermans · Bestuurder categorie b
former→
former→
former→
SUNFIN
viaDavid De Brabant · Director
former→
Vlerick Business School
viaRik Van de Walle · Rector van de universiteit gent
former→
former→
former→
former→
Network connections
BELWIND
Shared director
→
BIO-PLANET
Shared director
→
BUURTWINKELS OKAY
Shared director
→
Show 27 more network connections
COLIM
Shared director
→
Colruyt Group
Shared director
→
DAVYTRANS
Shared director
→
DEME BLUE ENERGY
Shared director
→
DREAMLAND
Shared director
→
Eoly Energy
Shared director
→
FLEETCO
Shared director
→
Inetum Belgium
Shared director
→
IZAR
Shared director
→
→
KORYS INVESTMENTS
Shared director
→
Neos Anemos
Shared director
→
Nobelwind
Shared director
→
NORTHWESTER 2
Shared director
→
PARKWIND
Shared director
→
POWER@SEA
Shared director
→
SOLUCIOUS
Shared director
→
VAN LEEUW CONSULTING
Shared director
→
Virya Energy
Shared director
→
Vlevico
Shared director
→

Capital and shareholders

Shareholders according to the acts
After the capital increase act of 05-05-2011 ↗
  • Etablissementen Franz Colruyt 5,000,000 EUR
  • Wind Energy Power 5,000,000 EUR
  • ASPIRAVI OFFSHORE 5,000,000 EUR

The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 04-09-2026 Capital stated in 3 acts · 28,490,700 EUR · 9,300 shares
  2. 06-03-2020 Capital reduction of 7,086,600 EUR · to 28,490,700 EUR · repaid to the shareholders
  3. 27-02-2019 Capital reduction of 8,239,800 EUR · to 35,577,300 EUR · repaid to the shareholders
  4. 24-08-2018 Capital reduction of 9,048,900 EUR · to 43,817,100 EUR · repaid to the shareholders
  5. 14-11-2017 Capital reduction of 27,714,000 EUR · to 52,866,000 EUR · repaid to the shareholders
  6. 30-05-2012 Capital stated in the act · 80,580,000 EUR · 9,300 shares
  7. 11-01-2012 Capital increase of 60,000,000 EUR · to 80,580,000 EUR · in cash
  8. 05-05-2011 Capital increase of 15,000,000 EUR · to 20,580,000 EUR · no new shares · optrekken van de fractiewaarde van de bestaande aandelen
Show 1 older capital entries
  1. 08-06-2010 Capital increase of 3,900,000 EUR · to 5,580,000 EUR · 6,500 new shares

Recognitions · licences · registrations

Legal Entity Identifier

549300MHND5QCRNHUE89
live in the LEI register

Similar companies · same sector, comparable size

ECOPOWER
BE 0445.389.356
Antwerpen · Eq €66.09M
WindGrid
BE 0784.365.061
Brussel · Eq €37.95M
Eol'Wapi
BE 0758.786.260
Tournai · Eq €86.65M
ABB
BE 0406.291.923
Machelen (Brab.) · Eq €32.39M
ActiVent Wallonie
BE 0683.894.441
Charleroi · Eq €18.57M
Of 150 companies in sector 35120 we hold annual accounts for 80. 16 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPublic limited company
Founded13-12-2007
Fiscal year end31-12
Activities, NACEBEL
35110Electricity, gas, steam and air conditioning supply
35120Electricity, gas, steam and air conditioning supply
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers

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

Contact details

4 entries
Establishment Kortrijk 2.206.334.680
E-mail:info@aspiravi.be
Establishment Kortrijk 2.206.334.680
Phone:056 70 27 36
Establishment Kortrijk 2.206.334.680
Fax:056 71 60 05
Establishment Kortrijk 2.206.334.680

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