ACTIVE

HEGOA WIND

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Financial year 2025 · closed on 31/03/2025
Net result
1,8 M €
+21.9% YoY
Revenue
5,5 M €
+98.4% YoY
Equity
7,6 M €
+31.8% YoY

What does HEGOA WIND do?

HEGOA WIND is a Public limited company incorporated in 2009. Its main activity is: Production of electricity. Its registered office is in Wavre.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0809.473.314
Incorporation
30/01/2009
Legal form
Public limited company
Registered office
Chaussée de Huy 120 box A
1300 Wavre · WallonieSee on map
Contributed capital
3 627 599,34 €
Latest accounts
31/03/2025
Activities (NACE)
35110Production of electricity· main35110Production of electricity
Contacts
1 public detail availableLog in to view
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 16 financial years

2025202420232021202020192018201720162015201420132012201120102009
Income statement
Revenue5,5 M €2,8 M €2,8 M €2,4 M €2,1 M €2 M €1,9 M €1,9 M €2,1 M €2,4 M €2,2 M €2,1 M €1,9 M €1,6 M €814,6 k €–
EBITDA5,5 M €2,4 M €2 M €1,8 M €1,7 M €1,5 M €1,5 M €1,4 M €1,6 M €1,9 M €1,8 M €1,7 M €1,7 M €1,3 M €681,4 k €-9,2 k €
Operating result2,8 M €1,6 M €808,1 k €850 k €823,1 k €601,3 k €587,7 k €536,4 k €733,8 k €985,8 k €814,4 k €769,4 k €927 k €657,2 k €274,8 k €-11,4 k €
Net result1,8 M €1,5 M €748,1 k €614,1 k €643,9 k €365,4 k €296,1 k €196,6 k €346,7 k €554,4 k €339,3 k €257,4 k €457,2 k €166,2 k €67 k €-11,7 k €
Balance sheet
Equity7,6 M €5,8 M €4,3 M €4,3 M €2,6 M €2,4 M €2,4 M €2,4 M €2,3 M €2,2 M €1,8 M €1,7 M €1,8 M €1,7 M €555,3 k €488,3 k €
Total assets40 M €41,6 M €21,2 M €7,3 M €6,1 M €7,1 M €8,1 M €9 M €10,1 M €11,1 M €11,4 M €12,8 M €16,7 M €10,7 M €10,1 M €4,1 M €
Cash203,6 k €200,2 k €200,1 k €620,4 k €620,4 k €620,4 k €620,4 k €620,4 k €620,1 k €600,8 k €562,2 k €1,1 M €3,7 M €724,7 k €434,2 k €914,4 k €
Debts31,8 M €35,4 M €16,3 M €2,4 M €3,3 M €4,6 M €5,5 M €6,5 M €7,6 M €8,7 M €9,5 M €11 M €14,8 M €8,9 M €9,5 M €3,6 M €
Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/03/2025 · 2 active · 19 ended

Active mandates

ENECO WIND BELGIUM

Director · since 03 avril 2017 · until 03 septembre 2029 · 0475.012.760

Represented by Erwin Leeuwis

Active
REALFI

Managing director · since 03 avril 2017 · until 03 septembre 2029 · 0888.068.355

Represented by Miguel de Schaetzen

Active

Ended mandates

ENECO WIND BELGIUM

Director · since 03 avril 2017 · until 03 avril 2023 · 0475.012.760

Represented by Cornelis de Haan

Ended
ENECO WIND BELGIUM

Director · since 03 avril 2017 · until 17 avril 2023 · 0475.012.760

Represented by Cornelis de Haan

Ended
ENECO WIND BELGIUM

Director · since 03 avril 2017 · until 25 octobre 2023 · 0475.012.760

Represented by Steven Van Muylder

Ended
REALFI

Managing director · since 03 avril 2017 · until 03 avril 2023 · 0888.068.355

Represented by Miguel de Schaetzen

Ended
At this address

Other companies at this address

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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● Active
0475.012.760
ENECO WIND BELGIUM HOLDING● Active
0896.709.273
INTERNATIONAL ORE ET FERTILIZER BELGIUM● Active
0418.317.448
LES VENTS DE L'ORNOI● Active
0480.079.823
LES VENTS DE PERWEZ● Active
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Sirocco Wind● Active
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SOLANO WIND● Active
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Annual accounts

Full financial information

202520242023202120202019
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/04/202401/04/202301/01/202201/01/202101/01/202001/01/2019
Closing of the financial year31/03/202531/03/202431/03/202331/12/202131/12/202031/12/2019
Length of the financial year12 months12 months15 months12 months12 months12 months
Filing date01/10/202527/09/202414/11/202307/02/202328/04/202128/04/2020
General meeting01/09/202502/09/202409/11/202328/10/202219/04/202106/04/2020
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

16 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/03/202501/09/202501/10/2025FrenchPDF
Full model31/03/202402/09/202427/09/2024FrenchPDF
Full model31/03/202309/11/202314/11/2023FrenchPDF
Full model31/12/202128/10/202207/02/2023FrenchPDF
Full model31/12/202019/04/202128/04/2021FrenchPDF
Full model31/12/201906/04/202028/04/2020FrenchPDF
Full model31/12/201801/04/201923/04/2019FrenchPDF
Full model31/12/201703/04/201820/04/2018FrenchPDF
Full model31/12/201603/04/201712/04/2017FrenchPDF
Full model31/12/201504/04/201615/04/2016FrenchPDF
Full model31/12/201407/04/201515/04/2015FrenchPDF
Full model31/12/201307/04/201422/05/2014FrenchPDF
Full model31/12/201202/04/201323/04/2013FrenchPDF
Full model31/12/201102/04/201229/05/2012FrenchPDF
Full model31/12/201004/04/201127/04/2011FrenchPDF
Full model31/12/200917/05/201028/07/2010FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 19 ended

Active mandates

ENECO WIND BELGIUM

Director · since 03 avril 2017 · until 03 septembre 2029 · 0475.012.760

Represented by Erwin Leeuwis

Active
REALFI

Managing director · since 03 avril 2017 · until 03 septembre 2029 · 0888.068.355

Represented by Miguel de Schaetzen

Active

Ended mandates

ENECO WIND BELGIUM

Director · since 03 avril 2017 · until 03 avril 2023 · 0475.012.760

Represented by Cornelis de Haan

Ended
ENECO WIND BELGIUM

Director · since 03 avril 2017 · until 17 avril 2023 · 0475.012.760

Represented by Cornelis de Haan

Ended
ENECO WIND BELGIUM

Director · since 03 avril 2017 · until 25 octobre 2023 · 0475.012.760

Represented by Steven Van Muylder

Ended
REALFI

Managing director · since 03 avril 2017 · until 03 avril 2023 · 0888.068.355

Represented by Miguel de Schaetzen

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Restructuring22/07/2025
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Restructuring14/04/2025
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Mandates20/11/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates06/12/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates24/11/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates23/08/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Other21/11/2022
    ASSEMBLEE GENERALE - ANNEE COMPTABLE
    PDF
  • Mandates07/07/2021
    DEMISSIONS, NOMINATIONS
    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. 2025
    Annual accounts 20251,8 M €↑
  2. 2024
    Annual accounts 20241,5 M €↑
  3. 2023
    Annual accounts 2023748,1 k €↑
  4. 2021
    Annual accounts 2021614,1 k €↓
  5. 2020
    Annual accounts 2020643,9 k €↑
  6. 2019
    Annual accounts 2019365,4 k €↑
  7. 2018
    Annual accounts 2018296,1 k €↑
  8. 2017
    Annual accounts 2017196,6 k €↓
  9. 2016
    Annual accounts 2016346,7 k €↓
  10. 2015
    Annual accounts 2015554,4 k €↑
  11. 2014
    Annual accounts 2014339,3 k €↑
  12. 2013
    Annual accounts 2013257,4 k €↓
  13. 2012
    Annual accounts 2012457,2 k €↑
  14. 2011
    Annual accounts 2011166,2 k €↑
  15. 2010
    Annual accounts 201067 k €↑
  16. 2009
    Annual accounts 2009-11,7 k €
  17. 30/01/2009
    IncorporationPublic limited company