WindGrid
ActiveSummary
The annual accounts of WindGrid for fiscal year 2025 show a net loss of 102% of total assets and of 314% of the equity at the start of that year. The 2025 annual accounts show equity of €37.95M and a net result of €-121.09M. Equity is growing by ~51.3% per year across the filed fiscal years. Its solvency ranks better than 49% of 279 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
52
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-5
Solvency57▼-43
Growth52=
Track record94
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.95M at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 46.78 against 2.81 in 2024; short-term debt: 2.1% and cash: 26.5% of total assets), but 68% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
32%
Return on assets
-102.1%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
22232425
2022 to 2025 · latest year €-121.09M
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-05-2026, 81 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
81 d early
2024
87 d early
2023
85 d early
2022
90 d early
← 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
Turnover
€0
Total assets
€118.59M▲ 196%
2024 · €40.02M
2022: €9.94M
2023: €4.65M
2024: €40.02M
2022 → 2025
Net result
€-121.09M▼ 2,712%
2024 · €-4.31M
2022: €-2.77M
2023: €-5.56M
2024: €-4.31M
2022 → 2025
Working capital
€116.05M▲ 4,657%
2024 · €2.44M
2022: €9.23M
2023: €2.53M
2024: €2.44M
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Turnover€0
Equity€9.23M-€3.67M▼ 60.2%€38.51M▲ 950%€37.95M▼ 1.5%
Operating result€-2.77M-€-5.57M▼ 101%€-4.34M▲ 22.1%€-84.91M▼ 1,855%
Net result€-2.77M-€-5.56M▼ 100%€-4.31M▲ 22.5%€-121.09M▼ 2,712%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €84.91M in 2025 against €4.34M in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €118.59M
Fixed assets
€9k ▼ 100.0%
Current assets
€118.59M ▲ 3,034%
Equity and liabilities €118.59M
Equity
€37.95M ▼ 1.5%
Provisions
€78.10M
Debt
€2.55M ▲ 68.9%
Debt's share of the balance-sheet total falls from 3.8% to 2.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-84.90M▼
2024 · €-4.34M
Cash flow
€-121.09M▼
2024 · €-4.30M
Current ratio
46.78▲
2024 · 2.81
Debt to equity
0.07▲
2024 · 0.04
ROE
-319.1%▼
2024 · -11.2%
ROA
-102.1%▼
2024 · -10.8%
Interest coverage
-1916.65▼
2024 · -116.11
Debt ≤ 1 year
€2.54M▲
2024 · €1.34M
Income taxes
€2k▲
2024 · €716
Staff costs
€1.50M▲
2024 · €1.46M
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 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€40.02M€118.59M▲
Fixed assets21/28€36.24M€9k▼
Tangible fixed assets22/27€7k€5k▼
Furniture and vehicles24€7k€5k▼
Financial fixed assets28€36.23M€4k▼
Current assets29/58€3.78M€118.59M▲
Amounts receivable within one year40/41€457k€86.88M▲
Trade receivables40€265k€499k▲
Other amounts receivable41€192k€86.38M▲
Current investments50/53€2.71M€2k▼
Cash at bank and in hand54/58€367k€31.45M▲
Deferred charges and accrued income490/1€255k€254k▼
Equity and liabilities
Total equity and liabilities10/49€40.02M€118.59M▲
Equity10/15€38.51M€37.95M▼
Contributions10/11€51.15M€171.67M▲
Capital10€51.15M€171.67M▲
Issued capital100€51.15M€171.67M▲
Profit (loss) carried forward14€-12.64M€-133.73M▼
Provisions and deferred taxes16-€78.10M
Provisions for liabilities and charges160/5-€78.10M
Other liabilities and charges164/5-€78.10M
Amounts payable17/49€1.51M€2.55M▲
Amounts payable within one year42/48€1.34M€2.54M▲
Trade debts44€1.04M€2.46M▲
Suppliers440/4€1.04M€2.46M▲
Taxes, remuneration and social security45€306k€71k▼
Taxes450/3€8k€845▼
Remuneration and social security454/9€298k€70k▼
Accrued charges and deferred income492/3€165k€14k▼
Income statement
Code20242025
Goods, raw materials, services and sundry goods60/61€4.17M€6.62M▲
Remuneration, social security and pensions62€1.46M€1.50M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8-€78.10M
Other operating charges640/8€2k€88▼
Gross operating margin9900€-2.88M€-5.30M▼
Operating profit (loss)9901€-4.34M€-84.91M▼
Financial income75/76B€76k€88k▲
Recurring financial income75€76k€88k▲
Financial charges65/66B€37k€36.27M▲
Recurring financial charges65€37k€44k▲
Non-recurring financial charges66B-€36.23M
Profit (loss) for the period before taxes9903€-4.31M€-121.09M▼
Income taxes67/77€716€2k▲
Profit (loss) for the period9904€-4.31M€-121.09M▼
Profit (loss) for the period to be appropriated9905€-4.31M€-121.09M▼
Appropriation of the result
Profit (loss) to be appropriated9906€-12.64M€-133.73M▼
Profit (loss) brought forward from the previous period14P€-8.33M€-12.64M▼
Social balance
Average headcount (FTE)90873.84.1▲
The notes to these accounts (20 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
11-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-121.09M
Net result drops to €-121.09M, the lowest in the series.
31-12
Financial
Liquidity times 17current ratio 46.78
Current ratio from 2.81 to 46.78.
05-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €25MEq €38.51M ▲950%
Equity rises from €3.67M to €38.51M.
07-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Brussel · 1 establishment unit since 2022
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.
Keizerslaan 201000 BrusselGround area
1,714 m²
Building footprint
1,396 m²
Volume, LiDAR
34,110 m³
Parcel 21808H1784/00L000, Brussels · tallest building 32.8 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
WindGrid
since 20222.331.921.966
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21808H1784/00L000 | Brussels | 1,714 m² | 1 · 1,396 m² | 32.8 m · 9 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Structure & network
Ownership & control
1 parent companyControl over this companyparent company per the LEI register1
Brussels
controls
WindGridBE 0784.365.061
Public money · subsidies and aid
European Union, budget
2024 · 1 entry · 325,000 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2024 | 1 | 325,000 EUR |
Projects
4 GW GENERATION PROJECT BETWEEN GERMANY AND SCOTLAND CONNECTED BY A HYBRID INTERCONNECTOR
European research
1 project · 33,250 EUR EU contributionProgrammes
Horizon Europe
Projects
Enabling interoperability of multi-vendor HVDC grids
Recognitions · licences · registrations
Legal Entity Identifier
213800D8FOAXROC1E230
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Of 107 companies in sector 35130 we hold annual accounts for 70. 14 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 formPublic limited company
Founded01-04-2022
Fiscal year end31-12
Activities, NACEBEL 2025
35130Electricity, gas, steam and air conditioning supply
70200Business and other management consultancy
42220Construction of utility projects for electricity and telecommunications
62200Computer consultancy and computer facilities management
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.