NORTHWESTER 2
0834.020.549 · rovalta.com · 22/09/2026
ACTIVE
NORTHWESTER 2
Financial year 2025 · closed on 31/12/2025
Net result
15,1 M €
+8.5% YoY
Revenue
75,6 M €
+32.3% YoY
Equity
41,5 M €
+13.1% YoY
Overview
What does NORTHWESTER 2 do?
NORTHWESTER 2 is a Public limited company incorporated in 2011. Its main activity is: Production of electricity. Its registered office is in Leuven.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0834.020.549
Incorporation
24/02/2011
Legal form
Public limited company
Registered office
Sint-Maartenstraat 5
3000 Leuven · FlandreSee on map
3000 Leuven · FlandreSee on map
Contributed capital
22 300 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
Signals
ProfitablePositive cashflowPositive EBITDAHigh revenue
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Financials
Trend over 8 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2018 | 2013 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||
| Revenue | 75,6 M € | +32.3% | 57,2 M € | -60.8% | 145,7 M € | +143% | 59,8 M € | -7.3% | 64,6 M € | +22.5% | 52,7 M € | – | – | ||
| EBITDA | 58,3 M € | -0.6% | 58,7 M € | -49.2% | 115,6 M € | +168% | 43,1 M € | -16.1% | 51,3 M € | +11.5% | 46 M € | +380% | 9,6 M € | +272117% | -3,5 k € |
| Operating result | 26,5 M € | -3.2% | 27,3 M € | -67.6% | 84,4 M € | +597% | 12,1 M € | -40.5% | 20,4 M € | -12.7% | 23,3 M € | +143% | 9,6 M € | +78579% | -12,2 k € |
| Net result | 15,1 M € | +8.5% | 13,9 M € | -76.7% | 60 M € | +558% | 9,1 M € | +61.0% | 5,7 M € | -9.7% | 6,3 M € | +6453% | -98,6 k € | -555% | -15,1 k € |
| Balance sheet | |||||||||||||||
| Equity | 41,5 M € | +13.1% | 36,7 M € | -19.2% | 45,5 M € | +38.8% | 32,7 M € | +1.3% | 32,3 M € | -15.0% | 38 M € | +19.4% | 31,8 M € | +92679% | 34,3 k € |
| Total assets | 470,1 M € | -11.2% | 529,6 M € | -9.7% | 586,8 M € | +5.8% | 554,7 M € | -5.3% | 586,1 M € | -2.6% | 601,5 M € | +293% | 153,2 M € | +56231% | 271,9 k € |
| Cash | 13,9 M € | -48.2% | 26,8 M € | +111% | 12,7 M € | +349% | 2,8 M € | -85.5% | 19,4 M € | +189% | 6,7 M € | +48.5% | 4,5 M € | +9236% | 48,5 k € |
| Debts | 420,2 M € | -12.2% | 478,5 M € | -10.1% | 532,2 M € | +3.0% | 516,9 M € | -4.8% | 543,1 M € | -2.1% | 554,9 M € | +359% | 120,9 M € | +50807% | 237,6 k € |
Estimate
Indicative valuation
As an indication, this company is worth
between 100 M€ and 250 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 11 active · 38 ended
Active mandates
Geert Vanderbeeken
ActiveSilja Wiebe
ActiveMarlies Vlasselaer
ActiveActive
Vincent De Koninck
ActiveActive
Christoph Mertens
ActiveEdward Van Melkebeek
ActiveKenta Nishikawa
ActivePeter Caluwaerts
ActiveActive
Ended mandates
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
BELWIND● Active | 0879.041.417 |
Nobelwind● Active | 0543.652.534 |
North Sea Wind● Active | 0715.938.489 |
PARKWIND● Active | 0844.796.259 |
Parkwind Offshore Wind Australia● Active | 1005.411.334 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Full model | Full model | Full model | Full model | Full model | Full model |
| Start of the financial year | 01/01/2025 | 01/01/2024 | 01/01/2023 | 01/01/2022 | 01/01/2021 | 01/01/2020 |
| Closing of the financial year | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 05/05/2026 | 15/05/2025 | 06/05/2024 | 16/05/2023 | 10/06/2022 | 04/06/2021 |
| General meeting | 04/05/2026 | 05/05/2025 | 03/05/2024 | 05/05/2023 | 06/05/2022 | 07/05/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
14 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2025 | 04/05/2026 | 05/05/2026 | Dutch | |
| Full model | 31/12/2024 | 05/05/2025 | 15/05/2025 | Dutch | |
| Full model | 31/12/2023 | 03/05/2024 | 06/05/2024 | Dutch | |
| Full model | 31/12/2022 | 05/05/2023 | 16/05/2023 | Dutch | |
| Full model | 31/12/2021 | 06/05/2022 | 10/06/2022 | Dutch | |
| Full model | 31/12/2020 | 07/05/2021 | 04/06/2021 | Dutch | |
| Abridged model | 31/12/2019 | 04/05/2020 | 12/06/2020 | Dutch | |
| Abridged model | 31/12/2018 | 03/05/2019 | 05/06/2019 | Dutch | |
| Abridged model | 31/12/2017 | 04/05/2018 | 04/07/2018 | Dutch | |
| Abridged model | 31/12/2016 | 19/09/2017 | 16/10/2017 | French | |
| Abridged model | 31/12/2015 | 06/06/2016 | 08/07/2016 | French | |
| Abridged model | 31/12/2014 | 01/06/2015 | 16/06/2015 | French | |
| Abridged model | 31/12/2013 | 02/06/2014 | 24/07/2014 | French | |
| Abridged model | 31/12/2012 | 03/06/2013 | 26/07/2013 | French |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 100 M€ and 250 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 11 active · 38 ended
Active mandates
Geert Vanderbeeken
ActiveSilja Wiebe
ActiveMarlies Vlasselaer
ActiveActive
Vincent De Koninck
ActiveActive
Christoph Mertens
ActiveEdward Van Melkebeek
ActiveKenta Nishikawa
ActivePeter Caluwaerts
ActiveActive
Ended mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates26/08/2026Ontslagen en benoemingen
- Other15/05/2026STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN
- Mandates05/03/2026ONTSLAGEN - BENOEMINGEN
- Mandates13/08/2025ONTSLAGEN - BENOEMINGEN
- Mandates16/06/2025ONTSLAGEN - BENOEMINGEN
- Mandates25/11/2024ONTSLAGEN - BENOEMINGEN
- Mandates26/08/2024ONTSLAGEN - BENOEMINGEN
- Mandates05/01/2024ONTSLAGEN - BENOEMINGEN
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 31/01/2026nominationGeert Vanderbeeken — bestuurder
- 2025Annual accounts 202515,1 M €↑
- 13/06/2025nominationSilja Wiebe — bestuurder
- 09/05/2025nominationNeos Anemos BV — bestuurder
- 09/05/2025nominationMarlies Vlasselaer — bestuurder
- 09/05/2025nominationVincent De Koninck — bestuurder
- 2024Annual accounts 202413,9 M €↓
- 21/06/2024nominationBLACKBOULDER BV — bestuurder
- 08/05/2024reconductionVAN LEEUW CONSULTING BV — bestuurder
- 08/05/2024reconductionPeter Caluwaerts — bestuurder
- 08/05/2024reconductionChristoph Mertens — bestuurder
- 08/05/2024reconductionEdward Van Melkebeek — bestuurder
- 08/05/2024reconductionKenta Nishikawa — bestuurder
- 03/05/2024reconductionPeter Caluwaerts — bestuurder
- 03/05/2024reconductionEdward Van Melkebeek — bestuurder
- 03/05/2024reconductionMathias Van Steenwinkel — bestuurder
- 03/05/2024reconductionChristoph Mertens — bestuurder
- 03/05/2024reconductionKenta Nishikawa — bestuurder
- 2023Annual accounts 202360 M €↑
- 05/05/2023nominationKenta Nishikawa — bestuurder
- 05/05/2023nominationFrancis Boelens — commissaris
- 2022Annual accounts 20229,1 M €↑
- 30/09/2022reduction_capital
- 06/05/2022nominationPeter Caluwaerts — bestuurder
- 06/05/2022nominationEdward Van Melkebeek — bestuurder
- 06/05/2022nominationMathias Van Steenwinkel — bestuurder
- 2021Annual accounts 20215,7 M €↓
- 20/12/2021nominationPeter Caluwaerts — bestuurder
- 20/12/2021nominationPieter Marinus — bestuurder
- 20/12/2021nominationEdward Van Melkebeek — bestuurder
- 07/05/2021reconductionPaul Tummers — bestuurder
- 07/05/2021reconductionTom Mahieu — bestuurder
- 2020Annual accounts 20206,3 M €↑
- 2018Annual accounts 2018-98,6 k €↓
- 2013Annual accounts 2013-15,1 k €
- 24/02/2011IncorporationPublic limited company