Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 49 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
NORTHWESTER 2 from Leuven, company number BE0834020549, closed financial year 2025 with a result of € 15.1 million after tax. For that financial year NORTHWESTER 2 recorded revenue of € 75.6 million and equity of € 41.5 million. Compared with financial year 2024, the result moved from € 13.9 million to € 15.1 million. Profitable, and profit is growing. 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 5, 2026.
€ 41.5 million
▲ 13% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 15.1 million
▲ 8% vs 2024
Profit after tax over the fiscal year.
€ 13.9 million
▼ 48% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 10.3 million paid out
68 % of the profit went to the shareholders, mostly to Parkwind (70 % of the shares). That is where the money ends up.
Debts at end 2025
€ 346.7 million
▼ 10% vs 2024
€ 31.4 million is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 4.4 million
▼ 73% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 62 days on average.
€ 3.5 million
▲ 189% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 59,840,398 | € 145,710,003 | € 57,151,244 | € 75,583,058 | ▲ 32% |
| Profit after taxes | € 9,108,578 | € 59,973,834 | € 13,947,381 | € 15,130,999 | ▲ 8% |
| Equity | € 32,742,170 | € 45,456,004 | € 36,709,783 | € 41,518,386 | ▲ 13% |
| Total debts | € 519,824,462 | € 538,267,638 | € 488,861,340 | € 423,182,611 | ▼ 13% |
| Cash | € 2,829,266 | € 12,701,276 | € 26,817,700 | € 13,898,664 | ▼ 48% |
| Retained profit | € 10,442,170 | € 23,156,004 | € 14,409,783 | € 19,218,386 | ▲ 33% |
| Dividend | € 1,500,000 | € 47,260,000 | € 22,693,602 | € 10,322,396 | ▼ 55% |
| Bank debt | € 464,403,071 | € 423,929,194 | € 383,195,922 | € 346,680,934 | ▼ 10% |
| Balance sheet total | € 554,722,771 | € 586,773,159 | € 529,566,060 | € 470,131,144 | ▼ 11% |
Key figures of NORTHWESTER 2, 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 NORTHWESTER 2?
What happened at NORTHWESTER 2 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Marlies Vlasselaer stepped down as director. NBB
- Vincent De Koninck stepped down as director. NBB
- Neos Anemos BV stepped down as director. NBB
- Geert Vanderbeeken stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 15.1 million (▲ 8% vs 2024). Source: NBB ↗
- Kenta Nishikawa stepped down as director. NBB
- Silja Wiebe stepped down as director. NBB
- Van Leeuw Consulting BV stepped down as director. NBB
In short
From € 9.1 million profit in 2022 to € 15.1 million profit in 2025.
Paid € 18.5 million in corporate taxes since 2022.
Best year ever: 2023, with € 60 million profit.
Paid out € 81.8 million in dividends to the owners in total.
A new publication or filing at NORTHWESTER 2? We notify you, reason included.
Follow NORTHWESTER 2Databakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
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 Parkwind (70%) and Summit Tailwind Belgium (30%).
Directors
According to the 2025 annual accounts
Christoph Mertens
Director
since 2024 · until 2025
Director · represented by François Van Leeuw
Also active at: Nobelwind, A&P WIND SERVICES, Cableco, PARKWIND, BELWIND, Northwind
since 2024 · until 2026
Edward Van Melkebeek
Director
since 2024 · until 2025
Kenta Nishikawa
Director
since 2024 · until 2026
Marlies Vlasselaer
Director
Also active at: Nobelwind, North Sea Wind, Parkwind Offshore Wind Australia
since 2025 · until 2029
Director · represented by Mathias Van Steenwinkel
since 2024 · until 2025
Vincent De Koninck
Director
since 2025 · until 2029
Director · represented by Eric Antoons
Also active at: Nobelwind, PARKWIND, BELWIND, Parkwind Offshore Wind Australia
since 2025 · until 2029
since 2025 · until 2026
Shareholders
70%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Sint-Maartenstraat 5
3000 Leuven
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0834.020.549
- VAT number
- BE 0834.020.549
- Registered office
- Sint-Maartenstraat 5, 3000 Leuven
- Names & denominations
- NORTHWESTER 2 · NW 2
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 February 2011
- Peppol
- Active · Active since 31 Dec 2025
- Activities · NACE
Productie van elektriciteit uit niet-hernieuwbare bronnen