ACTIVE

Nobelwind

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Financial year 2025 · closed on 31/12/2025
Net result
23,1 M €
-19.5% YoY
Revenue
98,2 M €
-11.6% YoY
Equity
14,3 M €
+23.6% YoY

What does Nobelwind do?

Nobelwind is a Public limited company incorporated in 2013. Its main activity is: Production of electricity. Its registered office is in Leuven.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0543.652.534
Incorporation
19/12/2013
Legal form
Public limited company
Registered office
Sint-Maartenstraat 5
3000 Leuven · FlandreSee on map
Contributed capital
4 555 419,01 €
Latest accounts
31/12/2025
Activities (NACE)
35110Production of electricity· main35110Production of electricity
Signals
ProfitablePositive cashflowPositive EBITDAHigh revenue
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 8 financial years

20252024202320222021202020182014
Income statement
Revenue98,2 M €111 M €107,2 M €78,2 M €73,7 M €92,2 M €80,4 M €–
EBITDA72,2 M €80,3 M €80,7 M €55,2 M €52,6 M €69,9 M €57,9 M €-18,4 k €
Operating result42,4 M €50,5 M €51,3 M €26,8 M €23,4 M €42,4 M €22,2 M €-18,4 k €
Net result23,1 M €28,7 M €29,1 M €10,9 M €8,7 M €23 M €4,6 M €-18,5 k €
Balance sheet
Equity14,3 M €11,6 M €27,4 M €30,1 M €27,5 M €33,1 M €61,5 M €3 M €
Total assets378,9 M €390,6 M €431,6 M €439,6 M €474,4 M €507,3 M €585,6 M €15,4 M €
Cash26,6 M €20,1 M €19,7 M €3,1 M €12,5 M €14,4 M €29 M €6,5 M €
Debts350,6 M €364,9 M €392,5 M €403,4 M €440,4 M €469,6 M €523,1 M €12 M €
Estimate

Indicative valuation

As an indication, this company is worth

between 250 M€ and 500 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 14 active · 46 ended

Active mandates

Geert Vanderbeeken

Director · since 31 janvier 2026 · until 04 mai 2029

Active
Reiko Matsuura

Director · since 17 octobre 2025 · until 28 avril 2026

Active
Silja Wiebe

Director · since 13 juin 2025 · until 28 avril 2026

Active
Marlies Vlasselaer

Director · since 09 mai 2025 · until 04 mai 2029

Active
Neos Anemos

Director · since 09 mai 2025 · until 04 mai 2029 · 0702.893.573

Represented by Eric Antoons

Active
Vincent De Konick

Director · since 09 mai 2025 · until 04 mai 2029

Active
BLACKBOULDER

Director · since 20 juin 2024 · until 09 mai 2025 · 0787.351.869

Represented by Mathias Van Steenwinkel

Active
Christoph Mertens

Director · since 03 mai 2024 · until 13 juin 2025

Active
Smellik Willem

Director · since 03 mai 2024 · until 04 mai 2029

Active
Edward Van Melkebeek

Director · since 05 mai 2023 · until 09 mai 2025

Active
Takashi Aota

Director · since 05 mai 2023 · until 17 octobre 2025

Active
Peter Caluwaerts

Director · since 21 décembre 2021 · until 09 mai 2025

Active
VAN LEEUW CONSULTING

Director · since 04 mai 2020 · until 31 janvier 2026 · 0562.832.206

Represented by François Van Leeuw

Active
Kenta Nishikawa

Director · since 26 septembre 2019 · until 28 avril 2026

Active

Ended mandates

BLACKBOULDER

Director · since 20 juin 2024 · until 04 mai 2029 · 0787.351.869

Represented by Mathias Van Steenwinkel

Ended
Christoph Mertens

Director · since 03 mai 2024 · until 04 mai 2029

Ended
Edward Van Melkebeek

Director · since 05 mai 2023 · until 05 mai 2028

Ended
Takashi Aota

Director · since 05 mai 2023 · until 05 mai 2028

Ended
At this address

Other companies at this address

CompanyCBE no.
BELWIND● Active
0879.041.417
North Sea Wind● Active
0715.938.489
NORTHWESTER 2● Active
0834.020.549
PARKWIND● Active
0844.796.259
Parkwind Offshore Wind Australia● Active
1005.411.334
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date05/05/202615/05/202506/05/202416/05/202310/06/202201/06/2021
General meeting04/05/202605/05/202503/05/202405/05/202306/05/202207/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

12 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202504/05/202605/05/2026DutchPDF
Full model31/12/202405/05/202515/05/2025DutchPDF
Full model31/12/202303/05/202406/05/2024DutchPDF
Full model31/12/202205/05/202316/05/2023DutchPDF
Full model31/12/202106/05/202210/06/2022DutchPDF
Full model31/12/202007/05/202101/06/2021DutchPDF
Full model31/12/201904/05/202012/06/2020DutchPDF
Full model31/12/201803/05/201928/05/2019DutchPDF
Full model31/12/201704/05/201825/05/2018DutchPDF
Full model31/12/201605/05/201722/05/2017DutchPDF
Full model31/12/201527/05/201622/06/2016DutchPDF
Full model31/12/201404/05/201526/05/2015DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 M€ and 500 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 31/12/2025 · 14 active · 46 ended

Active mandates

Geert Vanderbeeken

Director · since 31 janvier 2026 · until 04 mai 2029

Active
Reiko Matsuura

Director · since 17 octobre 2025 · until 28 avril 2026

Active
Silja Wiebe

Director · since 13 juin 2025 · until 28 avril 2026

Active
Marlies Vlasselaer

Director · since 09 mai 2025 · until 04 mai 2029

Active
Neos Anemos

Director · since 09 mai 2025 · until 04 mai 2029 · 0702.893.573

Represented by Eric Antoons

Active
Vincent De Konick

Director · since 09 mai 2025 · until 04 mai 2029

Active
BLACKBOULDER

Director · since 20 juin 2024 · until 09 mai 2025 · 0787.351.869

Represented by Mathias Van Steenwinkel

Active
Christoph Mertens

Director · since 03 mai 2024 · until 13 juin 2025

Active
Smellik Willem

Director · since 03 mai 2024 · until 04 mai 2029

Active
Edward Van Melkebeek

Director · since 05 mai 2023 · until 09 mai 2025

Active
Takashi Aota

Director · since 05 mai 2023 · until 17 octobre 2025

Active
Peter Caluwaerts

Director · since 21 décembre 2021 · until 09 mai 2025

Active
VAN LEEUW CONSULTING

Director · since 04 mai 2020 · until 31 janvier 2026 · 0562.832.206

Represented by François Van Leeuw

Active
Kenta Nishikawa

Director · since 26 septembre 2019 · until 28 avril 2026

Active

Ended mandates

BLACKBOULDER

Director · since 20 juin 2024 · until 04 mai 2029 · 0787.351.869

Represented by Mathias Van Steenwinkel

Ended
Christoph Mertens

Director · since 03 mai 2024 · until 04 mai 2029

Ended
Edward Van Melkebeek

Director · since 05 mai 2023 · until 05 mai 2028

Ended
Takashi Aota

Director · since 05 mai 2023 · until 05 mai 2028

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates26/08/2026
    Ontslagen en benoemingen
    PDF
  • Mandates05/03/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates19/01/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates13/08/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates16/06/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates25/11/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares11/09/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DIVERSEN - KAPITAAL - AANDELEN
    PDF
  • Mandates26/08/2024
    ONTSLAGEN - BENOEMINGEN
    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

Timeline

  1. 31/01/2026
    nominationGeert Vanderbeeken — bestuurder
  2. 2025
    Annual accounts 202523,1 M €↓
  3. 17/10/2025
    nominationReiko Kawarazaki — bestuurder
  4. 13/06/2025
    nominationSilja Wiebe — bestuurder
  5. 09/05/2025
    nominationNeos Anemos BV — bestuurder
  6. 09/05/2025
    nominationMarlies Vlasselaer — bestuurder
  7. 09/05/2025
    nominationVincent De Koninck — bestuurder
  8. 2024
    Annual accounts 202428,7 M €↓
  9. 30/08/2024
    reduction_capital
  10. 20/06/2024
    nominationBLACKBOULDER BV — bestuurder
  11. 03/05/2024
    reconductionWillem Smelik — bestuurder
  12. 03/05/2024
    reconductionChristoph Mertens — bestuurder
  13. 2023
    Annual accounts 202329,1 M €↑
  14. 05/10/2023
    reduction_capital
  15. 05/05/2023
    reconductionErnst & Young Bedrijfsrevisoren BV — commissaris
  16. 05/05/2023
    reconductionEdward Van Melkebsek — bestuurder
  17. 05/05/2023
    demissionMotoo Shimada — bestuurder
  18. 05/05/2023
    nominationTakashi Aota — bestuurder
  19. 2022
    Annual accounts 202210,9 M €↑
  20. 11/10/2022
    nominationEdward van Melkebeek — bestuurder
  21. 06/05/2022
    reconductionPeter Caluwaerts — bestuurder
  22. 06/05/2022
    reconductionMathias Van Steenwinkel — bestuurder
  23. 06/05/2022
    nominationMaarten van der Horst — bestuurder
  24. 2021
    Annual accounts 20218,7 M €↓
  25. 21/12/2021
    nominationPeter Caluwaerts — bestuurder
  26. 21/12/2021
    nominationPieter Marinus — bestuurder
  27. 21/12/2021
    nominationMathias Van Steenwinkel — bestuurder
  28. 2020
    Annual accounts 202023 M €↑
  29. 2018
    Annual accounts 20184,6 M €↑
  30. 2014
    Annual accounts 2014-18,5 k €
  31. 19/12/2013
    IncorporationPublic limited company