KT WIND ZELE
ActiveSummary
KT WIND ZELE has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €931k and a net result of €62k. Equity is shrinking by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 65% of 279 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▼-6
Solvency75▲+6
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity ample (current ratio 7.34 against 2.57 in 2024; short-term debt: 5% and cash: 16.4% of total assets), and 49.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 35
Relative position
BE, all sectors
reference
Sector 35
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
50.4%
Return on assets
3.3%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
14 d early
2023
on the day
2022
25 d early
2021
33 d early
2020
20 d late
2019
25 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€931k▼ 1.0%
2024 · €940k
2018: €1.32M
2019: €1.49M
2020: €1.74M
2021: €968k
2022: €959k
2023: €950k
2024: €940k
2018 → 2025
Total assets
€1.85M▼ 13.7%
2024 · €2.14M
2018: €5.02M
2019: €4.93M
2020: €3.42M
2021: €3.47M
2022: €2.88M
2023: €2.98M
2024: €2.14M
2018 → 2025
Net result
€62k▼ 63.4%
2024 · €169k
2018: €362k
2019: €485k
2020: €522k
2021: €312k
2022: €451k
2023: €540k
2024: €169k
2018 → 2025
Working capital
€584k▲ 64.0%
2024 · €356k
2018: €522k
2019: €680k
2020: €51k
2021: €-338k
2022: €44k
2023: €427k
2024: €356k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€968k-€959k▼ 0.9%€950k▼ 0.9%€940k▼ 1.0%€931k▼ 1.0%
Operating result€407k-€585k▲ 43.6%€705k▲ 20.5%€241k▼ 65.8%€78k▼ 67.8%
Net result€312k-€451k▲ 44.6%€540k▲ 19.9%€169k▼ 68.7%€62k▼ 63.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 68% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.85M
Fixed assets
€1.17M ▼ 24.8%
Current assets
€677k ▲ 16.0%
Equity and liabilities €1.85M
Equity
€931k ▼ 1.0%
Debt
€918k ▼ 23.7%
Debt's share of the balance-sheet total falls from 56.1% to 49.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€470k▼
2024 · €633k
Cash flow
€454k▼
2024 · €561k
Current ratio
7.34▲
2024 · 2.57
Debt to equity
0.99▼
2024 · 1.28
ROE
6.6%▼
2024 · 18.0%
ROA
3.3%▼
2024 · 7.9%
Interest coverage
24.80▲
2024 · 23.06
Debt ≤ 1 year
€92k▼
2024 · €227k
Debt > 1 year
€800k▼
2024 · €957k
Income taxes
€6k▼
2024 · €53k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.14M€1.85M▼
Fixed assets21/28€1.56M€1.17M▼
Tangible fixed assets22/27€1.56M€1.17M▼
Plant, machinery and equipment23€1.56M€1.17M▼
Current assets29/58€583k€677k▲
Amounts receivable within one year40/41€364k€362k▼
Trade receivables40€280k€278k▼
Other amounts receivable41€83k€85k▲
Cash at bank and in hand54/58€201k€304k▲
Deferred charges and accrued income490/1€18k€10k▼
Equity and liabilities
Total equity and liabilities10/49€2.14M€1.85M▼
Equity10/15€940k€931k▼
Contributions10/11€160k€160k=
Reserves13€744k€744k=
Distributable reserves133€744k€744k=
Profit (loss) carried forward14€0€0=
Investment grants15€36k€27k▼
Amounts payable17/49€1.20M€918k▼
Amounts payable after more than one year17€957k€800k▼
Financial debts170/4€957k€800k▼
Amounts payable within one year42/48€227k€92k▼
Trade debts44€20k€6k▼
Suppliers440/4€20k€6k▼
Taxes, remuneration and social security45€34k€24k▼
Taxes450/3€34k€24k▼
Other amounts payable47/48€173k€62k▼
Accrued charges and deferred income492/3€19k€25k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€392k€392k▲
Other operating charges640/8€12k€11k▼
Gross operating margin9900€644k€481k▼
Operating profit (loss)9901€241k€78k▼
Financial income75/76B€9k€9k=
Recurring financial income75€9k€9k=
Financial charges65/66B€27k€19k▼
Recurring financial charges65€27k€19k▼
Profit (loss) for the period before taxes9903€223k€68k▼
Income taxes67/77€53k€6k▼
Profit (loss) for the period9904€169k€62k▼
Profit (loss) for the period to be appropriated9905€169k€62k▼
Appropriation of the result
Profit (loss) to be appropriated9906€169k€62k▼
Profit to be distributed694/7€169k€62k▼
Return on contributions (dividend)694€169k€27k▼
Directors or managers695€0€35k▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €62k ▼63.4%
Net result drops to €62k, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 7.34
Current ratio from 2.57 to 7.34; short-term debt falls from €227k to €92k.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €540k ▲19.9%
Net result €540k, the highest in the series.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 20 days late
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 25 days late
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 20 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Gillis-Waas · 1 establishment unit since 2013
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Holstraat(SGW) 69170 Sint-Gillis-WaasGround area
1,270 m²
Building footprint
155 m²
Volume, LiDAR
817 m³
Parcel 46020C0385/00G000, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KT WIND ZELE
since 20132.217.142.460
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46020C0385/00G000 | Flanders | 1,270 m² | 1 · 155 m² | 7.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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BE 0844.884.549
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MUYLE HYDROELECTRICITE
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MERYTHERM
BE 0455.892.179
Esneux · Eq €964k
Of 815 companies in sector 35110 we hold annual accounts for 631. 437 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-02-2013
Fiscal year end31-12
Activities, NACEBEL 2025
35110Production of electricity from non-renewable sources
70200Business and other management consultancy
74999Other professional, scientific and technical activities
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.