ACTIVE

ENECO WIND BELGIUM

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Financial year 2025 · closed on 31/03/2025

Net result

72,1 M €

+103.2% YoY

Revenue

15,1 M €

+58.4% YoY

Equity

351,9 M €

+11.8% YoY

Workforce

46,7 ETP

+3.8% YoY

What does ENECO WIND BELGIUM do?

ENECO WIND BELGIUM is a Public limited company incorporated in 2001. Its main activity is: Production of electricity. Its registered office is in Wavre. It employs on average 46,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0475.012.760

Incorporation

15/06/2001

Legal form

Public limited company

Registered office

Chaussée de Huy 120 box A
1300 Wavre · WallonieSee on map

Contributed capital

163 954 206,00 €

Latest accounts

31/03/2025

Average workforce

46,7 ETP

Activities (NACE)

35110Production of electricity· main 35110Production of electricity 40110Production d'électricité 71111Architectural activities 71111Architectural activities 35220Distribution of gaseous fuels through mains+2

Joint committees (3)

Contacts

3 public details availableLog in to view

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	15,1 M €	+58.4%	9,6 M €	-9.1%	10,5 M €	+63.9%	6,4 M €	+2.6%	6,2 M €	+9.4%	5,7 M €	+14.5%	5 M €	-1.7%	5,1 M €	+34.6%	3,8 M €	+81.2%	2,1 M €	+110%	993,3 k €	+22.2%	813 k €	+8.1%	752,2 k €	+54.2%	487,9 k €	+37.4%	355 k €	+2.9%	345 k €	0.0%	345 k €	+73.6%	198,8 k €
EBITDA	6,9 M €	+420%	1,3 M €	+187%	-1,5 M €	-308%	732,6 k €	-75.8%	3 M €	-4.3%	3,2 M €	-13.3%	3,7 M €	-31.2%	5,3 M €	+13.8%	4,7 M €	+60.0%	2,9 M €	+316%	-1,3 M €	-2.1%	-1,3 M €	-1583%	89,1 k €	+180%	-111,7 k €	-120%	551,3 k €	+243%	-386,4 k €	+17.1%	-466,3 k €	-14693%	3,2 k €
Operating result	1,2 M €	+146%	-2,7 M €	+66.8%	-8,2 M €	-330%	-1,9 M €	-269%	1,1 M €	-20.8%	1,4 M €	+52.5%	937,9 k €	-74.1%	3,6 M €	+7.7%	3,4 M €	+49.9%	2,2 M €	+155%	-4 M €	-40.0%	-2,9 M €	-781%	-327,9 k €	+54.8%	-726,3 k €	-236%	-216,1 k €	+76.4%	-917,5 k €	-17.2%	-782,6 k €	-439%	-145,1 k €
Net result	72,1 M €	+103%	35,5 M €	+47.6%	24 M €	+326%	5,6 M €	-70.1%	18,9 M €	+301%	4,7 M €	+41.0%	3,3 M €	-43.8%	5,9 M €	-91.5%	69,6 M €	+1718%	3,8 M €	+120%	1,7 M €	+89.2%	919,3 k €	-72.4%	3,3 M €	+142%	1,4 M €	-25.7%	1,9 M €	-29.8%	2,6 M €	+40.7%	1,9 M €	+59.4%	1,2 M €
Balance sheet
Equity	351,9 M €	+11.8%	314,7 M €	-0.0%	314,9 M €	+8.3%	290,8 M €	+58.8%	183,2 M €	+11.5%	164,3 M €	+10.8%	148,3 M €	+9.5%	135,5 M €	+4.6%	129,5 M €	+151%	51,7 M €	+28.4%	40,3 M €	+4.5%	38,5 M €	+65.3%	23,3 M €	+16.7%	20 M €	+7.4%	18,6 M €	+11.1%	16,7 M €	+18.8%	14,1 M €	+15.4%	12,2 M €
Total assets	510,6 M €	+13.4%	450,3 M €	+18.6%	379,6 M €	+4.8%	362,2 M €	+70.1%	213 M €	+15.0%	185,1 M €	+10.5%	167,5 M €	+10.4%	151,8 M €	-0.7%	152,9 M €	+118%	70,1 M €	+40.8%	49,8 M €	+22.9%	40,5 M €	+20.1%	33,7 M €	+44.2%	23,4 M €	+3.7%	22,5 M €	+5.0%	21,5 M €	-12.7%	24,6 M €	+97.7%	12,4 M €
Cash	50,7 M €	+275%	13,5 M €	+35.7%	10 M €	-7.2%	10,7 M €	+547%	1,7 M €	-68.5%	5,3 M €	+449%	960,4 k €	-64.2%	2,7 M €	+76.3%	1,5 M €	+16.5%	1,3 M €	-63.5%	3,6 M €	+56.9%	2,3 M €	-43.0%	4 M €	+73.8%	2,3 M €	+761%	268 k €	-83.6%	1,6 M €	-39.2%	2,7 M €	-72.2%	9,7 M €
Debts	157,8 M €	+17.1%	134,8 M €	+111%	63,7 M €	-10.1%	70,9 M €	+140%	29,5 M €	+43.1%	20,6 M €	+7.9%	19,1 M €	+17.7%	16,2 M €	-30.3%	23,3 M €	+26.8%	18,4 M €	+94.1%	9,5 M €	+376%	2 M €	-80.9%	10,4 M €	+209%	3,4 M €	-14.6%	3,9 M €	-16.8%	4,7 M €	-54.7%	10,5 M €	+4455%	229,8 k €
Other
Workforce	46,7 ETP	+3.8%	45,0 ETP	-1.5%	45,7 ETP	+39.8%	32,7 ETP	+12.8%	29,0 ETP	+16.5%	24,9 ETP	+13.2%	22,0 ETP	+17.0%	18,8 ETP	+21.3%	15,5 ETP	-4.3%	16,2 ETP	+11.0%	14,6 ETP	+16.8%	12,5 ETP	+60.3%	7,8 ETP	+117%	3,6 ETP	+63.6%	2,2 ETP	+4.8%	2,1 ETP	+16.7%	1,8 ETP	+260%	0,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 2 active · 28 ended

Active mandates

ENECO bv S. Etr.

Director · since 17 mai 2016 · until 12 septembre 2028

Represented by Erwin Leeuwis

Active

REALFI

Managing director · since 17 mai 2016 · until 12 septembre 2028 · 0888.068.355

Represented by Miguel de Schaetzen

Active

Ended mandates

ENECO bv S. Etr.

Director · since 17 mai 2016 · until 17 mai 2022

Represented by Cornelis de Haan

Ended

REALFI

Managing director · since 17 mai 2016 · until 17 mai 2022 · 0888.068.355

Represented by Miguel de Schaetzen

Ended

REALFI

Managing director · since 17 mai 2016 · until 17 mai 2022 · 0888.068.355

Represented by Miguel de Schaetzen

Ended

ENECO bv

Director · since 01 avril 2011 · until 17 mai 2016

Represented by Pieter TAVENIER

Ended

At this address

Other companies at this address

Company	CBE no.
Association des Copropriétaires de la Résidence Ferme des Quatre Sapins à Wavre chée de Huy 120● Active	0890.127.923
BALI WIND● Active	0869.875.412
Boreas Wind Offshore● Active	0661.904.541
Bureau d'architecture J.P. GALLET● Active	0883.253.393
C.I.S. Trading● Active	0465.015.723
CORDONA WIND● Active	0888.975.306
ENECO WIND BELGIUM HOLDING● Active	0896.709.273
HEGOA WIND● Active	0809.473.314
INTERNATIONAL ORE ET FERTILIZER BELGIUM● Active	0418.317.448
LES VENTS DE L'ORNOI● Active	0480.079.823
LES VENTS DE PERWEZ● Active	0866.959.175
Sirocco Wind● Active	0891.140.879
SOLANO WIND● Active	0837.120.886

Annual accounts

Full financial information

	2025	2024	2023	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/04/2024	01/04/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	15 months	12 months	12 months	12 months
Filing date	12/03/2026	18/07/2024	17/01/2024	07/02/2023	22/06/2021	22/06/2020
General meeting	06/03/2026	15/07/2024	22/12/2023	28/10/2022	08/06/2021	19/05/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/03/2025	06/03/2026	12/03/2026	French	PDF
Full model	31/03/2024	15/07/2024	18/07/2024	French	PDF
Full model	31/03/2023	22/12/2023	17/01/2024	French	PDF
Full model	31/12/2021	28/10/2022	07/02/2023	French	PDF
Full model	31/12/2020	08/06/2021	22/06/2021	French	PDF
Full model	31/12/2019	19/05/2020	22/06/2020	French	PDF
Full model	31/12/2018	21/05/2019	24/06/2019	French	PDF
Full model	31/12/2017	15/05/2018	13/06/2018	French	PDF
Full model	31/12/2016	16/05/2017	17/08/2017	French	PDF
Full model	31/12/2015	17/05/2016	19/06/2016	French	PDF
Full model	31/12/2014	19/05/2015	24/08/2015	French	PDF
Full model	31/12/2013	20/05/2014	23/07/2014	French	PDF
Full model	31/12/2012	21/05/2013	24/07/2013	French	PDF
Full model	31/12/2011	15/05/2012	26/07/2012	French	PDF
Full model	31/12/2010	17/05/2011	22/06/2011	French	PDF
Full model	31/12/2009	18/05/2010	28/07/2010	French	PDF
Full model	31/12/2008	20/05/2009	31/07/2009	French	PDF
Abridged model	31/12/2007	20/05/2008	27/06/2008	French	PDF
m120-f-p	31/12/2007	20/05/2008	07/01/2009	French	PDF
Abridged model	31/12/2006	02/03/2007	22/03/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/03/2025 · 2 active · 28 ended

Active mandates

ENECO bv S. Etr.

Director · since 17 mai 2016 · until 12 septembre 2028

Represented by Erwin Leeuwis

Active

REALFI

Managing director · since 17 mai 2016 · until 12 septembre 2028 · 0888.068.355

Represented by Miguel de Schaetzen

Active

Ended mandates

ENECO bv S. Etr.

Director · since 17 mai 2016 · until 17 mai 2022

Represented by Cornelis de Haan

Ended

REALFI

Managing director · since 17 mai 2016 · until 17 mai 2022 · 0888.068.355

Represented by Miguel de Schaetzen

Ended

REALFI

Managing director · since 17 mai 2016 · until 17 mai 2022 · 0888.068.355

Represented by Miguel de Schaetzen

Ended

ENECO bv

Director · since 01 avril 2011 · until 17 mai 2016

Represented by Pieter TAVENIER

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/12/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates20/11/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates27/11/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates21/02/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates24/10/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates19/09/2022
DEMISSIONS, NOMINATIONS
PDF
Other11/07/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS - ASSEMBLEE GENERALE - ANNEE COMPTABLE
PDF
Restructuring18/03/2022
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202572,1 M €↑
2024
Annual accounts 202435,5 M €↑
01/11/2023
nominationErwin Leeuwis — représentant permanent de la société Eneco BV
2023
Annual accounts 202324 M €↑
09/02/2023
nominationJonathan Couvreur — gestion journalière
27/01/2023
nominationJonathan Couvreur — CFO
27/01/2023
nominationNathalie Michée — HR Officer
16/08/2022
revocationChristine Huybrechts — HR Manager
16/08/2022
reconductionENECO BV — administrateur
16/08/2022
reconductionREALFI — administrateur
2021
Annual accounts 20215,6 M €↓
2020
Annual accounts 202018,9 M €↑
2019
Annual accounts 20194,7 M €↑
2018
Annual accounts 20183,3 M €↓
2017
Annual accounts 20175,9 M €↓
2016
Annual accounts 201669,6 M €↑
2015
Annual accounts 20153,8 M €↑
2014
Annual accounts 20141,7 M €↑
2013
Annual accounts 2013919,3 k €↓
2012
Annual accounts 20123,3 M €↑
2011
Annual accounts 20111,4 M €↓
2010
Annual accounts 20101,9 M €↓
2009
Annual accounts 20092,6 M €↑
2008
Annual accounts 20081,9 M €↑
2007
Annual accounts 20071,2 M €
15/06/2001
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

ENECO WIND BELGIUM

Overview

What does ENECO WIND BELGIUM do?

Trend over 18 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline