Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 38 % of short-term debt in 2025; threshold 65 %.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
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Busy address KBO
14 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
WIND FARM from Houyet, company number BE0542987489, closed financial year 2025 with a result of € -1.2 million after tax. For that financial year WIND FARM recorded revenue of € 0 and equity of € 207,005. Compared with financial year 2024, the result moved from € -188,075 to € -1.2 million. The company made a loss. The buffer shrank hard: equity is 87 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 9, 2026.
€ 207,005
▼ 87% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.2 million
▼ 553 % more loss than in 2024
Profit after tax over the fiscal year.
€ 216,031
▼ 30% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -914,323.
Debts at end 2025
€ 4.5 million
▼ 9% vs 2024
€ 927,280 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 263,915
▲ 187% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 3,097,263 | - | - | € 0 | |
| Gross margin | € 2,658,635 | € 1,382,152 | € 775,214 | € -186,228 | ▼ € 961,442 |
| Profit after taxes | € 985,226 | € 313,931 | € -188,075 | € -1,228,779 | ▼ € 1 million |
| Equity | € 1,910,551 | € 1,823,860 | € 1,535,785 | € 207,005 | ▼ 87% |
| Total debts | € 7,591,604 | € 6,451,250 | € 5,331,227 | € 4,962,811 | ▼ 7% |
| Cash | € 1,321,589 | € 492,857 | € 307,882 | € 216,031 | ▼ 30% |
| Retained profit | € 489,223 | € 502,532 | € 314,457 | € -914,323 | ▼ € 1.2 million |
| Dividend | € 648,550 | € 300,622 | € 0 | € 0 | |
| Bank debt | € 6,463,837 | € 5,663,985 | € 4,893,634 | € 4,459,492 | ▼ 9% |
| Balance sheet total | € 9,790,155 | € 8,627,110 | € 7,283,012 | € 5,755,809 | ▼ 21% |
Key figures of WIND FARM, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to WIND FARM?
What happened at WIND FARM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1.2 million. Source: NBB ↗
- Courant d'air SRL stepped down as director. NBB
- Courant d'air SRL became a director. NBB
- New establishment in Dinant. KBO
- New establishment in Houyet. KBO
- New establishment in Dinant. KBO
- New establishment in La Hulpe. KBO
- Start of the company according to the CBE. KBO
In short
From € 985,226 profit in 2022 to € 1.2 million loss in 2025.
Paid € 387,169 in corporate taxes since 2022.
Best year ever: 2022, with € 985,226 profit.
Paid out € 949,172 in dividends to the owners in total.
Management
The stake of VDH Participations, VENTS D'HOUYET comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
WIND FARMBehind WIND FARM is Vents d'Houyet scafs. The shares are held by VDH Participations (99%) and VENTS D'HOUYET (1%).
Directors
According to the 2025 annual accounts
Director · represented by Eddy Defossez
Also active at: BAJATE, FERME LIGOT, NOVAGARE, OURTH'EOLE, ATOUT-WAL, VDH Participations, Ittair, ALERT SASSOUFFL
Director · represented by Achim Langer
Also active at: OPTIVENTS, EN PLEIN VENT, ATOUT-WAL, EOLIENNES DE LA FAGNE, REScoop Mutual for Energy Communities Investing in a Sustainable Europe, VDH Participations, EOLIENNE DE HAMOIS
since 2020 · until 2026
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Basse, Mesnil-Eglise 26
5560 Houyet
Chaussée de Bruxelles 117
1310 La Hulpe
Active since 6 December 2013
Côte-Marie-Thérèse S/N
5500 Dinant
Active since 1 January 2017
Rue d'Hastière, Mesnil-St-Blaise S/N
5560 Houyet
Active since 1 January 2017
Route de Beauraing S/N
5500 Dinant
Active since 1 January 2017
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 14 companies are registered at this address.
All companies at this address →BAJATE same network
€ 5,328 gross margin · 2025
FERME LIGOT same network
€ 40,689 gross margin · 2025
NOVAGARE same network
€ 1,255 gross margin · 2025
VENTS D'HOUYET same network
€ 2.4 million revenue · 2025
VENTS D'HOUYET ACADEMIE
+9 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
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Details
- Company number
- 0542.987.489
- VAT number
- BE 0542.987.489
- Registered office
- Rue Basse, Mesnil-Eglise 26, 5560 Houyet
- Names & denominations
- WIND FARM
- Enterprise type
- Rechtspersoon
- Legal form
- Cooperative company
- Legal situation
- Normale toestand
- Start date
- 6 December 2013
- Peppol
- Active · Active since 13 Mar 2026
- Contact
- gvdh.co 00 32 82 689676
- Activities · NACE
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