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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Figures corrected NBB
Corrected annual account filed for 2024.
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Busy address KBO
34 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
LIMBURG WIN(D)T from Hasselt, company number BE0820832113, closed financial year 2025 with a result of € 3.3 million after tax. For that financial year LIMBURG WIN(D)T recorded revenue of € 23 million and equity of € 6 million. Compared with financial year 2024, the result moved from € 11.2 million to € 3.3 million. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on May 8, 2026.
€ 6 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3.3 million
▼ 71% vs 2024
Profit after tax over the fiscal year.
€ 1.9 million
▼ 47% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 3.3 million paid out
100 % of the profit went to the shareholders, mostly to Aspiravi NV (67 % of the shares). That is where the money ends up.
Debts at end 2025
€ 42.3 million
▼ 7% vs 2024
€ 3.6 million is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 1.1 million
▼ 25% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 53 days on average.
€ 1.2 million
▼ 62% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 24,912,609 | € 43,982,162 | € 30,215,287 | € 22,980,627 | ▼ 24% |
| Profit after taxes | € 6,045,402 | € 18,125,902 | € 11,199,256 | € 3,263,030 | ▼ 71% |
| Equity | € 5,995,676 | € 5,995,722 | € 5,995,593 | € 5,997,743 | |
| Total debts | € 55,614,202 | € 67,728,135 | € 61,620,337 | € 48,384,315 | ▼ 21% |
| Cash | € 3,379,165 | € 4,800,473 | € 3,514,381 | € 1,859,423 | ▼ 47% |
| Retained profit | € 545,450 | € 545,496 | € 545,368 | € 547,518 | |
| Dividend | € 6,044,976 | € 18,125,856 | € 11,199,384 | € 3,260,880 | ▼ 71% |
| Bank debt | € 44,651,606 | € 39,313,400 | € 45,359,462 | € 42,305,336 | ▼ 7% |
| Balance sheet total | € 63,132,099 | € 75,391,495 | € 69,403,152 | € 56,283,864 | ▼ 19% |
Key figures of LIMBURG WIN(D)T, 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 LIMBURG WIN(D)T?
What happened at LIMBURG WIN(D)T in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- LRM Beheer NV stepped down as director. NBB
- Mark Vanleeuw stepped down as director. NBB
- Limburgse Reconversiemaatschappij NV stepped down as director. NBB
- Ludo Kelchtermans stepped down as director. NBB
- Peter Jans stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 3.3 million (▼ 71% vs 2024). Source: NBB ↗
- Bernard Steverlynck stepped down as director. NBB
- Rik Van de Walle stepped down as director. NBB
In short
From € 6 million profit in 2022 to € 3.3 million profit in 2025.
Paid € 10.8 million in corporate taxes since 2022.
Best year ever: 2023, with € 18.1 million profit.
Paid out € 38.6 million in dividends to the owners in total.
Management
The shares are held by Aspiravi NV (66.7%) and LRM NV (33.3%).
Directors
According to the 2025 annual accounts
Director · represented by Luc Driesen
Also active at: Transport Marcel Depaire, Trafuco, Beltra - B, MIJNSCHADE EN BEMALING LIMBURGS MIJNGEBIED, BlooLoc, be-DIVE, LRM Lease, RMW +62 more
since 2022 · until 2028
Mark Vanleeuw
Chairman of the board
Also active at: VLAAMSE ENERGIEHOLDING, NUTSBEDRIJVEN HOUDSTERMAATSCHAPPIJ, ASPIRAVI, TeaMWise, ASPIRAVI ENERGY, LOMMEL WIN(D)T, A&P WIND SERVICES, ASPIRAVI TRADING +7 more
since 2022 · until 2028
Rik Van de Walle
Managing director
Also active at: VLAAMSE ECOLOGIE - ENERGIE - EN MILIEUONDERNEMING, ASPIRAVI OFFSHORE, WIND AAN DE STROOM 2014, GROENE ENERGIE HAVEN ANTWERPEN, WIND AAN DE STROOM 2013, SeaMade, LOMMEL WIN(D)T, A&P WIND SERVICES +13 more
since 2022 · until 2025
Limburgse Reconversiemaatschappij NV
Director
Also active at: H.W.P., Corda Campus, MIJNSCHADE EN BEMALING LIMBURGS MIJNGEBIED, be-DIVE, LRM Lease, RMW, CORDA CAMPUS 2.0, Mobietrain +33 more
since 2022 · until 2028
Ludo Kelchtermans
Director
Also active at: FLUXYS BELGIUM, L.K.C., CIPAL, LIZEL, VLAAMSE ENERGIEHOLDING, 3E, HOPPE, C - Power +19 more
since 2022 · until 2028
Peter Jans
Director
Also active at: C - Power, ASPIRAVI OFFSHORE, GROENE ENERGIE HAVEN ANTWERPEN, LOMMEL WIN(D)T, Fairville, V2Hfin, ElNu2sea, LIMBURG WIND +2 more
since 2022 · until 2028
Bernard Steverlynck
Managing director
Also active at: VLAAMSE ECOLOGIE - ENERGIE - EN MILIEUONDERNEMING, WIND AAN DE STROOM 2014, WIND AAN DE STROOM 2013, LOMMEL WIN(D)T, VLAAMSE ECOLOGIE-ENERGIE -EN MILIEUONDERNEMING 2, VLAAMSE ECOLOGIE-ENERGIE- EN MILIEUONDERNEMING 3, HOFATRA, ASPIRAVI SAMEN +4 more
since 2025 · until 2026
Shareholders
66.7%
33.3%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Herkenrodesingel 14
3500 Hasselt
President Kennedypark(Kor) 8A box 1
8500 Kortrijk
Active since 9 March 2010
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 34 companies are registered at this address.
All companies at this address →LIMBURG.NET
€ 42.9 million revenue · 2025
A.I.T. EUROPE
FROMTO Houthalen
€ 11.4 million revenue · 2024
WIND EN WATER ENERGIE PRODUCENT
NUTSBEDRIJVEN HOUDSTERMAATSCHAPPIJ same network
€ 2.1 million revenue · 2025
+29 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0820.832.113
- VAT number
- BE 0820.832.113
- Registered office
- Herkenrodesingel 14, 3500 Hasselt
- Names & denominations
- LIMBURG WIN(D)T
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 November 2009
- Peppol
- Active · Active since 13 Mar 2026
- Activities · NACE
Productie van elektriciteit uit niet-hernieuwbare bronnen