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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 2021.
Financials
Financial year 2024
Vestas Offshore Wind Belgium from Oostende, company number BE0841991573, closed financial year 2024 with a result of € 2.6 million after tax. For that financial year Vestas Offshore Wind Belgium recorded revenue of € 87.1 million and equity of € 22.5 million. Compared with financial year 2023, the result moved from € 2.4 million to € 2.6 million. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 27, 2026.
€ 22.5 million
▲ 13% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2.6 million
▲ 8% vs 2023
Profit after tax over the fiscal year.
€ 561,671
▲ 3% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 20.5 million.
People and assets in 2024
149.7
▲ 13.1 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 18.8 million
▲ 17% vs 2023
€ 125,400 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 2024
None
No bank loans on the last day of the fiscal year.
€ 57 million
▲ 8% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 319 days on average.
€ 6 million
▼ 44% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 85,328,923 | € 71,392,878 | € 96,431,919 | € 87,069,817 | ▼ 10% |
| Profit after taxes | € 3,136,318 | € 2,710,958 | € 2,410,856 | € 2,599,819 | ▲ 8% |
| Equity | € 14,814,522 | € 17,525,480 | € 19,936,336 | € 22,536,155 | ▲ 13% |
| Total debts | € 91,521,939 | € 56,502,610 | € 76,952,984 | € 105,906,670 | ▲ 38% |
| Cash | € 326,035 | € 1,186,609 | € 547,714 | € 561,671 | ▲ 3% |
| Retained profit | € 12,753,023 | € 15,463,981 | € 17,874,836 | € 20,474,655 | ▲ 15% |
| Balance sheet total | € 106,336,461 | € 74,028,091 | € 96,889,319 | € 128,442,825 | ▲ 33% |
| Employees (FTE) | 139.7 | 137.5 | 136.6 | 149.7 | ▲ 13.1 |
Key figures of Vestas Offshore Wind Belgium, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
Ask about Vestas Offshore Wind Belgium the way you would ask their accountant.
Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.
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What happened to Vestas Offshore Wind Belgium?
What happened at Vestas Offshore Wind Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Cornelis De Baar stepped down as director. NBB
- Kieran Walsh stepped down as director. NBB
- Emma Bergmann stepped down as director. NBB
- Corrected annual accounts filed for financial year 2021. filed late Source: NBB ↗
- Cornelis De Baar became a director. NBB
- Kieran Walsh became a director. NBB
- Emma Bergmann became a director. NBB
- Incorporation, published in the Gazette. Source: Staatsblad ↗
In short
From € 3.1 million profit in 2021 to € 2.6 million profit in 2024.
Paid € 3.9 million in corporate taxes since 2021.
Best year ever: 2021, with € 3.1 million profit.
Management
The stake of VESTAS BELGIUM comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Vestas Offshore Wind BelgiumThe shares are held by Vestas Offshore Wind A/S BO (100%) and VESTAS BELGIUM (100%).
Directors
According to the 2024 annual accounts
Cornelis De Baar
Director
since 2023 · until 2028
Emma Bergmann
Director
since 2022 · until 2027
since 2023 · until 2028
Shareholders
Vestas Offshore Wind A/S BO
100%
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Esplanadestraat 12
8400 Oostende
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
FASTLY - Fastly, Inc., US
Domain
Domain
vestas.com
Registered
1997-09-11
Registrar
CSC Corporate Domains, Inc.
Expires
2026-09-10
Website info
Features
Security
Network
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- Vestas Offshore A/S(oprichter) 99.9%
- Wind Power Invest A/S(oprichter) 0.1%
Details
- Company number
- 0841.991.573
- VAT number
- BE 0841.991.573
- Registered office
- Esplanadestraat 12, 8400 Oostende
- Names & denominations
- Vestas Offshore Wind Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 December 2011
- Peppol
- Active · Active since 1 Jun 2026
- Contact
- vestas.com
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