ACTIVE

WindGrid

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Financial year 2025 · closed on 31/12/2025
Net result
-121,1 M €
-2712.0% YoY
Gross margin
-5,3 M €
-84.1% YoY
Equity
37,9 M €
-1.5% YoY
Workforce
4,1 ETP
+7.9% YoY

What does WindGrid do?

WindGrid is a Public limited company incorporated in 2022. Its main activity is: Transmission of electricity. Its registered office is in Bruxelles. It employs on average 4,1 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0784.365.061
Incorporation
01/04/2022
Legal form
Public limited company
Registered office
Boulevard de l'Empereur 20
1000 Bruxelles · BruxellesSee on map
Contributed capital
171 674 000,00 €
Latest accounts
31/12/2025
Average workforce
4,1 ETP
Activities (NACE)
35120Transmission of electricity· main35130Distribution of electricity70200Management consultancy activities70220Business and other management consultancy activities42220Construction of utility projects for electricity and telecommunications42220Construction of utility projects for electricity and telecommunications+4
Joint committees (1)
  • 200
Signals
Solid equityGood liquidityHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 4 financial years

2025202420232022
Income statement
Gross margin-5,3 M €-2,9 M €-4,9 M €-2,6 M €
EBITDA-6,8 M €-4,3 M €-5,6 M €-2,8 M €
Operating result-84,9 M €-4,3 M €-5,6 M €-2,8 M €
Net result-121,1 M €-4,3 M €-5,6 M €-2,8 M €
Balance sheet
Equity37,9 M €38,5 M €3,7 M €9,2 M €
Total assets118,6 M €40 M €4,7 M €9,9 M €
Cash31,5 M €366,6 k €2,9 M €9,7 M €
Debts2,5 M €1,3 M €908,2 k €714,1 k €
Other
Workforce4,1 ETP3,8 ETP2,3 ETP0,9 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 10 ended

Active mandates

Daniela Baratto

Managing director · since 31 mars 2026 · until 24 avril 2029

Active
Bernard Gustin

Chairman of the board of directors · since 29 avril 2025 · until 25 avril 2028

Active
Frédéric Dunon

Director · since 29 avril 2025 · until 31 mars 2026

Active
Marco Nix

Director · since 29 avril 2025 · until 31 mars 2026

Active
Peter Michiels

Director · since 29 avril 2025 · until 31 mars 2026

Active
Stefan Kapferer

Director · since 29 avril 2025 · until 31 mars 2026

Active

Ended mandates

Marco NIX

Director · since 30 avril 2024 · until 29 avril 2025

Ended
Frédéric DUNON

Director · since 16 novembre 2023 · until 29 avril 2025

Ended
Catherine VANDENBORRE

Chairman of the board of directors · since 01 avril 2022 · until 29 avril 2025

Ended
Christiaan Peeters

Director · since 01 avril 2022 · until 31 octobre 2023

Ended
At this address

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0471.869.861
ELIA GRID INTERNATIONAL● Active
0549.780.459
Elia Group● Active
0476.388.378
Elia Transmission Belgium● Active
0731.852.231
EUROGRID INTERNATIONAL● Active
0823.637.886
re.alto-energy● Active
0731.852.330
Annual accounts

Full financial information

2025202420232022
Type of accountAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/04/2022
Closing of the financial year31/12/202531/12/202431/12/202331/12/2022
Length of the financial year12 months12 months12 months9 months
Filing date11/05/202605/05/202507/05/202402/05/2023
General meeting28/04/202629/04/202530/04/202425/04/2023
Currency of the financial yearEUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

4 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202528/04/202611/05/2026DutchPDF
Abridged model31/12/202429/04/202505/05/2025DutchPDF
Abridged model31/12/202330/04/202407/05/2024DutchPDF
Abridged model31/12/202225/04/202302/05/2023DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 · 6 active · 10 ended

Active mandates

Daniela Baratto

Managing director · since 31 mars 2026 · until 24 avril 2029

Active
Bernard Gustin

Chairman of the board of directors · since 29 avril 2025 · until 25 avril 2028

Active
Frédéric Dunon

Director · since 29 avril 2025 · until 31 mars 2026

Active
Marco Nix

Director · since 29 avril 2025 · until 31 mars 2026

Active
Peter Michiels

Director · since 29 avril 2025 · until 31 mars 2026

Active
Stefan Kapferer

Director · since 29 avril 2025 · until 31 mars 2026

Active

Ended mandates

Marco NIX

Director · since 30 avril 2024 · until 29 avril 2025

Ended
Frédéric DUNON

Director · since 16 novembre 2023 · until 29 avril 2025

Ended
Catherine VANDENBORRE

Chairman of the board of directors · since 01 avril 2022 · until 29 avril 2025

Ended
Christiaan Peeters

Director · since 01 avril 2022 · until 31 octobre 2023

Ended
Shareholders

Ownership and network

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Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates15/05/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares29/04/2026
    KAPITAAL - AANDELEN
    PDF
  • Capital / shares24/12/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Capital / shares22/10/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Mandates06/08/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares30/06/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DIVERSEN - KAPITAAL - AANDELEN
    PDF
  • Mandates12/09/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares23/04/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    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. 23/04/2026
    augmentation_capital
  2. 31/03/2026
    nominationDaniela Baratto — bestuurder / gedelegeerd bestuurder
  3. 2025
    Annual accounts 2025-121,1 M €↓
  4. 18/12/2025
    augmentation_capital
  5. 17/10/2025
    augmentation_capital
  6. 01/10/2025
    nominationDaniela Baratto — Chief Executive Officer (CEO)
  7. 20/06/2025
    augmentation_capital
  8. 18/06/2025
    nominationChristophe Durieux — CEO ad interim belast met het dagelijks bestuur
  9. 29/04/2025
    reconductionBernard Gustin — bestuurder
  10. 29/04/2025
    reconductionStefan Kapferer — bestuurder
  11. 29/04/2025
    reconductionFrédéric Dunon — bestuurder
  12. 29/04/2025
    reconductionMarco Nix — bestuurder
  13. 29/04/2025
    reconductionPeter Michiels — bestuurder
  14. 29/04/2025
    reconductionBDO Bedrijfsrevisoren BV — commissaris
  15. 16/04/2025
    nominationBernard Gustin — bestuurder
  16. 2024
    Annual accounts 2024-4,3 M €↑
  17. 30/04/2024
    nominationMarco Nix — bestuurder
  18. 05/04/2024
    augmentation_capital
  19. 23/01/2024
    nominationFrédéric Dunon — bestuurder
  20. 23/01/2024
    augmentation_capital
  21. 2023
    Annual accounts 2023-5,6 M €↓
  22. 16/11/2023
    nominationFrédéric Dunon — bestuurder
  23. 2022
    Annual accounts 2022-2,8 M €
  24. 01/04/2022
    IncorporationPublic limited company