Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 51 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
13 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
ENECO WIND BELGIUM from Wavre, company number BE0475012760, closed financial year 2025 with a result of € 72.1 million after tax. For that financial year ENECO WIND BELGIUM recorded revenue of € 15.1 million and equity of € 351.9 million. Compared with financial year 2024, the result moved from € 35.5 million to € 72.1 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on March 12, 2026.
€ 351.9 million
▲ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 72.1 million
▲ 103% vs 2024
Profit after tax over the fiscal year.
€ 50.7 million
▲ 275% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 35 million paid out
49 % of the profit went to the shareholders, mostly to ENECO WIND BELGIUM HOLDING SA (100 % of the shares). That is where the money ends up.
People and assets in 2025
46.7
▲ 1.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 5.3 million
▲ 14% vs 2024
€ 112,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 2.1 million
▼ 22% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 81 days on average.
€ 836,918
▼ 10% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2021 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 6,412,587 | € 10,513,190 | € 9,553,031 | € 15,128,837 | ▲ 58% |
| Profit after taxes | € 5,640,466 | € 24,046,066 | € 35,500,031 | € 72,145,686 | ▲ 103% |
| Equity | € 290,842,197 | € 314,888,262 | € 314,735,314 | € 351,881,000 | ▲ 12% |
| Total debts | € 70,914,941 | € 64,068,583 | € 134,812,847 | € 157,799,235 | ▲ 17% |
| Cash | € 10,727,508 | € 9,959,276 | € 13,509,981 | € 50,701,361 | ▲ 275% |
| Land & buildings | € 62,419 | € 62,419 | € 759,419 | € 759,419 | |
| Retained profit | € 126,887,991 | € 150,934,056 | € 150,781,108 | € 187,926,794 | ▲ 25% |
| Dividend | € 0 | € 0 | € 35,500,000 | € 35,000,000 | ▼ 1% |
| Bank debt | € 1,387,250 | € 1,199,750 | € 1,049,750 | € 0 | ▼ 100% |
| Balance sheet total | € 362,169,539 | € 379,562,487 | € 450,330,982 | € 510,624,658 | ▲ 13% |
| Employees (FTE) | 32.7 | 45.7 | 45 | 46.7 | ▲ 1.7 |
Key figures of ENECO WIND BELGIUM, fiscal years 2021 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 October 2026.
What happened to ENECO WIND BELGIUM?
What happened at ENECO WIND BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- ENECO bv S. Etr. stepped down as director. NBB
- REALFI SRL stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 72.1 million (▲ 103% vs 2024). filed late Source: NBB ↗
- ENECO bv S. Etr. became a director. NBB
- REALFI SRL became a director. NBB
- New establishment in Mechelen. KBO
- New establishment in Wavre. KBO
- Start of the company according to the CBE. KBO
In short
From € 5.6 million profit in 2021 to € 72.1 million profit in 2025.
Paid € 134,921 in corporate taxes since 2021.
Best year ever: 2025, with € 72.1 million profit.
Paid out € 70.5 million in dividends to the owners in total.
A new publication or filing at ENECO WIND BELGIUM? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by ENECO WIND BELGIUM HOLDING SA (100%) and ENECO BELGÏE BV S. Etr.. It owns 100% of ELECTRICITE DU BOIS DU PRINCE, 100% of MALOJA, 100% of HEGOA WIND, 100% of WILLIWAW, 100% of SKY SWEEPER and 100% of ZEPHIROS itself.
Directors
According to the 2025 annual accounts
ENECO bv S. Etr.
Director · represented by Erwin Leeuwis
Holds a stake via ENECO WIND BELGIUM HOLDING SA
Also active at: Boreas Wind Offshore, ENECO WIND BELGIUM HOLDING
since 2016 · until 2028
Managing director · represented by Miguel de Schaetzen
Also active at: LES VENTS DE L'ORNOI, SeaMade, LIBECCIO I, Boreas Wind Offshore, PAMPERO WIND, EnDev-R, BAYAMO WIND, NORTH SEA WAVE +14 more
since 2016 · until 2028
Shareholders
ENECO WIND BELGIUM HOLDING SA · holding of ENECO bv S. Etr.
100%
Participations
100%
100%
100%
100%
100%
100%
100%
100%
99.9%
99.9%
99.9%
99.8%
85%
79.9%
75.1%
75%
75%
60%
50%
Establishments
Establishment units
Physical locations of this company
Chaussée de Huy 120 box A
1300 Wavre
Blarenberglaan 2C
2800 Mechelen
Active since 23 September 2012
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 13 companies are registered at this address.
All companies at this address →INTERNATIONAL ORE ET FERTILIZER BELGIUM
€ 303.1 million revenue · 2025
C.I.S. Trading
€ 83,710 gross margin · 2025
LES VENTS DE L'ORNOI same network
€ 901,249 revenue · 2025
Boreas Wind Offshore same network
HEGOA WIND same network
€ 5.5 million revenue · 2025
+8 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
AKAMAI-AS - Akamai Technologies, Inc., US
Website info
Features
Security
Details
- Company number
- 0475.012.760
- VAT number
- BE 0475.012.760
- Registered office
- Chaussée de Huy 120 bus A, 1300 Wavre
- Names & denominations
- ENECO WIND BELGIUM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 15 June 2001
- Peppol
- Active · Active since 17 Nov 2025
- Contact
- eneco.be [email protected]
- Activities · NACE
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