VESTAS BELGIUM
0895.070.072 · rovalta.com · 25/09/2026
ACTIVE
VESTAS BELGIUM
Financial year 2024 · Closed on 31/12/2024
Net result321,4 k €-53,1 %over 1 year
Revenue128,7 M €+7,1 %over 1 year
Equity25,3 M €+1,3 %over 1 year
Workforce47,3 ETP+3,1 %over 1 year
Overview
Identity
Source · BCE/KBOVESTAS BELGIUM is a Public limited company incorporated in 2008. Its main activity is: Manufacture of electric motors, generators and transformers. Its registered office is in Houthalen-Helchteren. It employs on average 47,3 ETP workers (FTE).
- Legal situation
- Normal situation
- BCE/KBO no. / VAT
- BE 0895.070.072
- Incorporation
- 21/01/2008
- Legal form
- Public limited company
- Registered office
- Koolmeesstraat 15-16
3530 Houthalen-Helchteren · FlandreSee on map - Contributed capital
- 22 500 000,00 €
- Latest accounts
- 31/12/2024
- Average workforce
- 47,3 ETP
Activities (NACE)
27110Manufacture of electric motors, generators and transformers· main27110Manufacture of electric motors, generators and transformers28110Manufacture of engines and turbines, except aircraft, vehicle and cycle engines28110Manufacture of engines and turbines, except aircraft, vehicle and cycle engines28110Manufacture of engines and turbines, except aircraft, vehicle and cycle engines28110Manufacture of engines and turbines, except aircraft, vehicle and cycle engines+8
Joint committees (3)
- 111
- 209
- 211
Signals
ProfitablePositive cashflowPositive EBITDAHigh revenue
Financials
Source · NBB, 17 filingsTrend over 14 financial years
| 2024 | 2023 | 2022 | 2021 | 2020 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Revenue | 128,7 M € | +7.1% | 120,2 M € | +1.9% | 117,9 M € | +38.6% | 85,1 M € | -20.2% | 106,7 M € |
| EBITDA | 170,9 k € | -68.8% | 548 k € | -66.6% | 1,6 M € | +244% | 476 k € | +495% | 80 k € |
| Operating result | -8,5 k € | -102% | 501,6 k € | -67.5% | 1,5 M € | +232% | 465 k € | +201% | 154,7 k € |
| Net result | 321,4 k € | -53.1% | 685,5 k € | -42.3% | 1,2 M € | +316% | 286 k € | +438% | 53,2 k € |
| Balance sheet | |||||||||
| Equity | 25,3 M € | +1.3% | 25 M € | +2.8% | 24,3 M € | +5.1% | 23,1 M € | +2634% | 846 k € |
| Total assets | 94,1 M € | -21.6% | 119,9 M € | +95.4% | 61,4 M € | -35.4% | 95 M € | +114% | 44,4 M € |
| Cash | – | – | – | – | 31,5 M € | ||||
| Debts | 67,7 M € | -28.3% | 94,4 M € | +159% | 36,4 M € | -48.9% | 71,2 M € | +64.5% | 43,3 M € |
| Other | |||||||||
| Workforce | 47,3 ETP | +3.1% | 45,9 ETP | +22.4% | 37,5 ETP | +10.9% | 33,8 ETP | +40.8% | 24,0 ETP |
Valuation
Indicative valuation
As an indication, this company is worth
between 2,5 M€ and 5 M€
See the valuationBoard of directors
Source · NBB, accounts to 31/12/20243 active · 31 ended
Active mandates
Emma Bergman
ActiveKieran Walsh
ActiveCornelis De Baar
ActiveEnded mandates
Jaap van Hofwegen
EndedGuido Hinrichs
EndedGuido Hinrichs
EndedHans Martin Smith
EndedFinancials
Full financial information
Source · NBB| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
| Type of account | Full model | Full model | Full model | Full model | Full model | Full model |
| Start of the financial year | 01/01/2024 | 01/01/2023 | 01/01/2022 | 01/01/2021 | 01/01/2020 | 01/01/2019 |
| Closing of the financial year | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 | 31/12/2019 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 14/10/2025 | 14/10/2025 | 14/10/2025 | 28/07/2023 | 13/09/2022 | 05/08/2022 |
| General meeting | 09/10/2025 | 09/10/2025 | 09/10/2025 | 28/07/2023 | 12/09/2022 | 04/08/2022 |
| 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 · NBBLooking for more information about this company?
Try for 7 daysAnnual accounts filings
Source · NBB, 17 filings| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2024 | 09/10/2025 | 14/10/2025 | Dutch | |
| Full model | 31/12/2023 | 09/10/2025 | 14/10/2025 | Dutch | |
| Full model | 31/12/2022 | 09/10/2025 | 14/10/2025 | Dutch | |
| Full model | 31/12/2021 | 28/07/2023 | 28/07/2023 | Dutch | |
| Full model | 31/12/2020 | 12/09/2022 | 13/09/2022 | Dutch | |
| Full model | 31/12/2019 | 04/08/2022 | 05/08/2022 | Dutch | |
| Full model | 31/12/2018 | 03/05/2022 | 17/06/2022 | Dutch | |
| Full model | 31/12/2017 | 17/04/2019 | 29/04/2019 | Dutch | |
| Full model | 31/12/2016 | 15/06/2017 | 18/08/2017 | Dutch | |
| Full model | 31/12/2015 | 01/04/2016 | 05/04/2016 | French | |
| Full model | 31/12/2014 | 29/02/2016 | 09/03/2016 | French | |
| Full model | 31/12/2013 | 29/02/2016 | 09/03/2016 | French | |
| Full model | 31/12/2012 | 31/05/2013 | 28/02/2014 | French | |
| Full model | 31/12/2011 | 20/06/2012 | 09/08/2012 | French | |
| Full model | 31/12/2010 | 04/02/2012 | 28/02/2012 | French | |
| Full model | 31/12/2009 | 30/06/2011 | 22/07/2011 | French | |
| Full model | 31/12/2008 | 09/06/2011 | 30/06/2011 | French |
Valuation
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 2,5 M€ and 5 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
Board of directors
Source · NBB, accounts to 31/12/20243 active · 31 ended
Active mandates
Emma Bergman
ActiveKieran Walsh
ActiveCornelis De Baar
ActiveEnded mandates
Jaap van Hofwegen
EndedGuido Hinrichs
EndedGuido Hinrichs
EndedHans Martin Smith
EndedOwnership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette publications
Source · Belgian Official Gazette- Mandates08/07/2026ONTSLAGEN - BENOEMINGEN
- Mandates20/04/2022ONTSLAGEN - BENOEMINGEN
- Mandates24/02/2022ONTSLAGEN - BENOEMINGEN
- Capital / shares24/02/2022KAPITAAL - AANDELEN
- Capital / shares17/01/2022STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
- Registered office22/11/2021MAATSCHAPPELIJKE ZETEL
- Mandates28/10/2021ONTSLAGEN - BENOEMINGEN
- Mandates20/09/2021ONTSLAGEN - BENOEMINGEN
Similar companies
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2024Annual accounts 2024321,4 k €↓
- 2023Annual accounts 2023685,5 k €↓
- 2022Annual accounts 20221,2 M €↑
- 2021Annual accounts 2021286 k €↑
- 30/07/2021reconductionFilip Drieghe — commissaris
- 2020Annual accounts 202053,2 k €↓
- 2019Annual accounts 201958,1 k €↓
- 2018Annual accounts 201861,5 k €↑
- 2017Annual accounts 201754,9 k €↑
- 2016Annual accounts 20163,5 k €↑
- 2015Annual accounts 20153,5 k €↑
- 2014Annual accounts 20141,6 k €↓
- 2013Annual accounts 20133 k €↓
- 2009Annual accounts 200940,7 k €↓
- 2008Annual accounts 200865,3 k €
- 21/01/2008IncorporationPublic limited company