ACTIVE

CGNEE BELGIUM WIND ENERGY COMPANY

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Financial year 2025 · Closed on 31/12/2025

Net result-28,9 M €-1 978,1 %over 1 year
Revenue7,7 M €-19,4 %over 1 year
Equity-499,7 k €-101,8 %over 1 year

Identity

Source · BCE/KBO

CGNEE BELGIUM WIND ENERGY COMPANY is a Public limited company incorporated in 2006. Its main activity is: Production of electricity. Its registered office is in Mons.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0884.706.415
Incorporation
02/11/2006
Legal form
Public limited company
Registered office
Rue d'Havré 9
7000 Mons · WallonieSee on map
Contributed capital
6 011 162,00 €
Latest accounts
31/12/2025
Joint committees (2)
  • 218
  • 326
Signals
Good liquidityHigh revenue

Financials

Source · NBB, 20 filings

Trend over 15 financial years

20252024202320222021
Income statement
Revenue7,7 M €9,5 M €21,8 M €23,6 M €19,1 M €
EBITDA-21,1 M €9,6 M €20 M €19,6 M €16,4 M €
Operating result-28,2 M €2,4 M €12,5 M €12 M €8,6 M €
Net result-28,9 M €1,5 M €8,5 M €7,5 M €4,6 M €
Balance sheet
Equity-499,7 k €28,4 M €27 M €23,6 M €21,2 M €
Total assets14,9 M €47,5 M €66,2 M €85,7 M €83 M €
Cash5,4 M €2,5 M €13 M €22,4 M €14,4 M €
Debts12,8 M €16,6 M €36,8 M €59,7 M €57,3 M €
Other
Workforce–––––

Board of directors

Source · NBB, accounts to 31/12/2025

7 active · 34 ended

Active mandates

HANGMIN LU

Director · since 29 avril 2026 · until 29 avril 2032

Active
MEI YU

Managing director · since 29 avril 2026 · until 29 avril 2032

Active
XI CHEN

Director · since 29 avril 2026 · until 29 avril 2032

Active
MIN XU

Managing director · since 04 juillet 2025 · until 29 avril 2026

Active
BIAO ZOU

Director · since 03 juin 2024 · until 29 avril 2026

Active
XIAOCHUN TANG

Managing director · since 06 juillet 2023 · until 04 juillet 2025

Active
BIN HE

Director · since 22 août 2022 · until 29 avril 2026

Active

Ended mandates

BIAO ZOU

Director · since 03 juin 2024 · until 13 mai 2030

Ended
XIAOCHUN TANG

Managing director · since 06 juillet 2023 · until 14 mai 2029

Ended
XIAOCHUN TANG

Managing director · since 06 juillet 2023 · until 14 juin 2029

Ended
BIN HE

Director · since 22 août 2022 · until 08 mai 2028

Ended

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Full financial information

Source · NBB
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 date30/08/202601/07/202524/06/202427/06/202316/12/202230/08/2021
General meeting27/08/202630/06/202514/06/202406/06/202324/10/202214/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202527/08/202630/08/2026FrenchPDF
Full model31/12/202430/06/202501/07/2025FrenchPDF
Full model31/12/202314/06/202424/06/2024FrenchPDF
Full model31/12/202206/06/202327/06/2023FrenchPDF
Full model31/12/202124/10/202216/12/2022FrenchPDF
Full model31/12/202014/06/202130/08/2021FrenchPDF
Full model31/12/201924/06/202030/06/2020FrenchPDF
Full model31/12/201830/08/201929/10/2019FrenchPDF
Full model31/12/201720/06/201818/09/2018FrenchPDF
Full model31/12/201626/05/201731/08/2017FrenchPDF
Full model31/12/201502/05/201617/05/2016FrenchPDF
Full model31/12/201404/05/201510/06/2015FrenchPDF
Full model31/12/201329/05/201405/06/2014FrenchPDF
Full model31/12/201228/05/201326/06/2013FrenchPDF
Abridged model31/12/201107/05/201215/06/2012FrenchPDF
Abridged model31/12/201023/06/201109/08/2011FrenchPDF
Abridged modelCorrection31/12/200903/05/201005/10/2010FrenchPDF
Abridged model31/12/200903/05/201016/07/2010FrenchPDF
Abridged model31/12/200804/05/200921/10/2009FrenchPDF
Abridged model31/12/200716/05/200820/02/2009FrenchPDF

Indicative valuation

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

7 active · 34 ended

Active mandates

HANGMIN LU

Director · since 29 avril 2026 · until 29 avril 2032

Active
MEI YU

Managing director · since 29 avril 2026 · until 29 avril 2032

Active
XI CHEN

Director · since 29 avril 2026 · until 29 avril 2032

Active
MIN XU

Managing director · since 04 juillet 2025 · until 29 avril 2026

Active
BIAO ZOU

Director · since 03 juin 2024 · until 29 avril 2026

Active
XIAOCHUN TANG

Managing director · since 06 juillet 2023 · until 04 juillet 2025

Active
BIN HE

Director · since 22 août 2022 · until 29 avril 2026

Active

Ended mandates

BIAO ZOU

Director · since 03 juin 2024 · until 13 mai 2030

Ended
XIAOCHUN TANG

Managing director · since 06 juillet 2023 · until 14 mai 2029

Ended
XIAOCHUN TANG

Managing director · since 06 juillet 2023 · until 14 juin 2029

Ended
BIN HE

Director · since 22 août 2022 · until 08 mai 2028

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates27/05/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates30/09/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates24/07/2025
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Other21/05/2025
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates05/07/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates26/07/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates07/10/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates27/10/2021
    DEMISSIONS, NOMINATIONS
    PDF

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

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Timeline

  1. 29/04/2026
    nominationXi CHEN — administrateur
  2. 29/04/2026
    nominationYu MEI — administrateur
  3. 29/04/2026
    nominationHangming LU — administrateur
  4. 2025
    Annual accounts 2025-28,9 M €↓
  5. 04/07/2025
    nominationMin XU — administrateur et de Président de la Société
  6. 2024
    Annual accounts 20241,5 M €↓
  7. 03/06/2024
    nominationZOU Biao — administrateur
  8. 2023
    Annual accounts 20238,5 M €↑
  9. 07/07/2023
    nominationXiaochun TANG — délégué à la gestion journalière
  10. 06/07/2023
    nominationXiaochun TANG — administrateur et Président de la Société
  11. 2022
    Annual accounts 20227,5 M €↑
  12. 2021
    Annual accounts 20214,6 M €↑
  13. 14/06/2021
    nominationYuguang LIU — administrateur
  14. 2017
    Annual accounts 2017-121,4 k €↓
  15. 2017
    Name changeCGNEE BELGIUM WIND ENERGY COMPANY
  16. 2015
    Annual accounts 201536 k €↓
  17. 2014
    Annual accounts 20141,5 M €↑
  18. 2013
    Annual accounts 2013-2 M €↓
  19. 2012
    Annual accounts 2012214,2 k €↓
  20. 2011
    Annual accounts 20112,7 M €↑
  21. 2010
    Annual accounts 2010-1,6 M €↓
  22. 2009
    Annual accounts 2009106,6 k €↑
  23. 2008
    Annual accounts 20084,3 k €↑
  24. 2007
    Annual accounts 2007-1,9 k €
  25. 2007
    Name changeWINDVISION WINDFARM ESTINNES
  26. 02/11/2006
    IncorporationPublic limited company