BELWIND (SA) — Leuven (3000)

Identity

Source · BCE/KBO

BELWIND is a Public limited company incorporated in 2006. Its main activity is: Production of electricity. Its registered office is in Leuven.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0879.041.417
Incorporation: 26/01/2006
Legal form: Public limited company
Registered office: Sint-Maartenstraat 5
3000 Leuven · FlandreSee on map
Contributed capital: 7 955 390,00 €
Latest accounts: 31/12/2025

Activities (NACE)

35110Production of electricity· main 35110Production of electricity 40110Production d'électricité

Joint committees (1)

326

Signals

ProfitablePositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 22 filings

Trend over 15 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	79,7 M €	-3.2%	82,4 M €	-5.3%	87 M €	+29.4%	67,3 M €	-17.2%	81,3 M €
EBITDA	49,5 M €	+0.4%	49,3 M €	-11.2%	55,5 M €	+48.2%	37,4 M €	-26.6%	51 M €
Operating result	16,6 M €	-1.2%	16,8 M €	-26.6%	22,9 M €	+485%	3,9 M €	-77.7%	17,6 M €
Net result	11,8 M €	+1.2%	11,7 M €	-28.6%	16,4 M €	+842%	-2,2 M €	-137%	6 M €
Balance sheet
Equity	22,3 M €	+113%	10,5 M €	-43.4%	18,5 M €	+2.3%	18,1 M €	-31.5%	26,4 M €
Total assets	194,8 M €	-11.4%	219,9 M €	-16.5%	263,3 M €	-6.0%	280 M €	-17.4%	339 M €
Cash	13,4 M €	+61.4%	8,3 M €	+49.5%	5,5 M €	-24.3%	7,3 M €	-73.6%	27,7 M €
Debts	150,6 M €	-20.3%	189 M €	-17.3%	228,6 M €	-7.2%	246,2 M €	-17.5%	298,6 M €
Other
Workforce	–		–		–		–		–

Valuation

Indicative valuation

As an indication, this company is worth

between 250 M€ and 500 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

8 active · 31 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Geert Vanderbeeken	Director31/01/2026 → 07/05/2029
Marlies Vlasselear	Director09/05/2025 → 04/05/2029
Neos Anemos0702.893.573Represented by Eric Antoons	Director09/05/2025 → 04/05/2029
BLACKBOULDER0787.351.869Represented by Mathias Van Steenwinkel	Director20/06/2024 → 04/05/2029
Peter Caluwaerts	Director21/12/2021 → 07/05/2027
Wim Verrept	Director21/12/2021 → 07/05/2027
VAN LEEUW CONSULTING0562.832.206Represented by François Van Leeuw	Director24/06/2016 → 04/05/2026
Willem Smelik	Director09/12/2010 → 04/05/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Mathias Van Steenwinkel	Director11/10/2022 → 2022 accounts
Maarten van der Horst	Director06/05/2022 → 11/10/2022

Other companies at this address

Sint-Maartenstraat 5 3000 Leuven

Company	CBE no.
Nobelwind● Active	0543.652.534
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

Full financial information

Source · NBB

	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	13/06/2022	01/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 22 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	04/05/2026	05/05/2026	Dutch	PDF
Full model	31/12/2024	05/05/2025	15/05/2025	Dutch	PDF
Full model	31/12/2023	03/05/2024	06/05/2024	Dutch	PDF
Full model	31/12/2022	05/05/2023	16/05/2023	Dutch	PDF
Full model	31/12/2021	06/05/2022	13/06/2022	Dutch	PDF
Full model	31/12/2020	07/05/2021	01/06/2021	Dutch	PDF
Full model	31/12/2019	04/05/2020	11/06/2020	Dutch	PDF
Full model	31/12/2018	03/05/2019	28/05/2019	Dutch	PDF
Full modelCorrection	31/12/2017	04/05/2018	25/09/2018	Dutch	PDF
Full model	31/12/2017	04/05/2018	25/05/2018	Dutch	PDF
Full model	31/12/2016	05/05/2017	22/05/2017	Dutch	PDF
Full model	31/12/2015	24/06/2016	24/06/2016	Dutch	PDF
Full model	31/03/2015	23/09/2015	08/10/2015	Dutch	PDF
Full model	31/03/2014	24/09/2014	08/10/2014	Dutch	PDF
Full model	31/03/2013	25/09/2013	21/10/2013	Dutch	PDF
Full model	31/03/2012	26/09/2012	27/09/2012	Dutch	PDF
Full model	31/03/2011	28/09/2011	07/11/2011	Dutch	PDF
Full modelCorrection	31/03/2010	22/09/2010	27/06/2011	Dutch	PDF
Full model	31/03/2010	22/09/2010	29/10/2010	Dutch	PDF
Abridged model	31/12/2008	02/06/2009	22/07/2009	Dutch	PDF
Abridged model	31/12/2007	02/06/2008	28/08/2008	Dutch	PDF
Abridged model	31/12/2006	04/06/2007	05/11/2007	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

8 active · 31 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Geert Vanderbeeken	Director31/01/2026 → 07/05/2029
Marlies Vlasselear	Director09/05/2025 → 04/05/2029
Neos Anemos0702.893.573Represented by Eric Antoons	Director09/05/2025 → 04/05/2029
BLACKBOULDER0787.351.869Represented by Mathias Van Steenwinkel	Director20/06/2024 → 04/05/2029
Peter Caluwaerts	Director21/12/2021 → 07/05/2027
Wim Verrept	Director21/12/2021 → 07/05/2027
VAN LEEUW CONSULTING0562.832.206Represented by François Van Leeuw	Director24/06/2016 → 04/05/2026
Willem Smelik	Director09/12/2010 → 04/05/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Mathias Van Steenwinkel	Director11/10/2022 → 2022 accounts
Maarten van der Horst	Director06/05/2022 → 11/10/2022

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates12/08/2026
Ontslagen en benoemingen
PDF
Mandates09/03/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/06/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/11/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/01/2024
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares12/10/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - KAPITAAL - AANDELEN
PDF
Mandates12/01/2023
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings15 filings

Mandates

Geert Vanderbeeken

Neos Anemos

Marlies Vlasselear

BLACKBOULDER

Wim Verrept

Peter Caluwaerts

VAN LEEUW CONSULTING

Willem Smelik

Mathias Van Steenwinkel

Maarten van der Horst

Pieter Marinus

Paul Tummers

Show the 27 other mandates

200620072008200920102011201220132014201520162017201820192020202120222023202420252026202720282029

BELWIND

Sint-Maartenstraat 5, 3000 Leuven

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Sint-Maartenstraat 5, 3000 LeuvenCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00111067

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
BELWINDCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00111067

Events

31/01/2026
nominationGeert Vanderbeeken · bestuurder
2025
Annual accounts 202511,8 M €↑
09/05/2025
nominationNeos Anemos BV · bestuurder
09/05/2025
nominationMarlies Vlasselaer · bestuurder
2024
Annual accounts 202411,7 M €↓
14/10/2024
nominationKristof Verlinden · gevolmachtigde
20/06/2024
demissionMathias Van Steenwinkel · bestuurder
20/06/2024
nominationBLACKBOULDER BV · bestuurder
03/05/2024
reconductionErnst & Young Bedrijfsrevisoren BV · commissaris
2023
Annual accounts 202316,4 M €↑
05/10/2023
reduction_capital
05/05/2023
nominationMathias Van Steenwinkel · bestuurder
2022
Annual accounts 2022-2,2 M €↓
11/10/2022
nominationMathias Van Steenwinkel · bestuurder
30/09/2022
reduction_capital
06/05/2022
nominationErnst & Young Bedrijfsrevisoren BV · commissaris
06/05/2022
reconductionPeter Caluwaerts · bestuurder
06/05/2022
reconductionWim Verrept · bestuurder
06/05/2022
nominationMaarten van der Horst · bestuurder
2021
Annual accounts 20216 M €↓
21/12/2021
nominationPeter Caluwaerts · bestuurder
21/12/2021
nominationPieter Marinus · bestuurder
21/12/2021
nominationWim Verrept · bestuurder
07/05/2021
nominationErnst & Young Bedrijfsrevisoren BV CVBA · commissaris
07/05/2021
nominationFrancis Boelens · vaste vertegenwoordiger (commissaris)
07/05/2021
reconductionVan Leeuw Consulting BV · bestuurder
07/05/2021
nominationFrançois Van Leeuw · vaste vertegenwoordiger (bestuurder)
2020
Annual accounts 20207,9 M €↑
2018
Annual accounts 20186 M €↑
2017
Annual accounts 2017-3,5 M €↓
2015
Annual accounts 2015-113,2 k €↓
2013
Annual accounts 20134,6 M €↑
2012
Annual accounts 2012-6,6 M €↓
2011
Annual accounts 201113,2 M €↑
2010
Annual accounts 2010-6 M €↓
2008
Annual accounts 2008
2006
Annual accounts 2006-17,1 k €
26/01/2006
IncorporationPublic limited company

BELWIND

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events