NORTHWESTER 2

Active

Public limited companyfounded 201115 yrs activeSint-Maartenstraat 5, 3000 Leuven, BelgiumKBO/BCE: BE 0834.020.549

Summary

NORTHWESTER 2 has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €41.52M and a net result of €15.13M. Equity is growing by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 24% of 270 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

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Checked score

Score 2025

67 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability68▲+6

Solvency34▲+2

Growth71▲+6

Track record100

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €2M at 30 days acceptable

Liquidity short (current ratio 0.75 against 0.94 in 2024; short-term debt: 10.5% and cash: 3% of total assets), and 91.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

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 →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

8.8%

Return on assets

3.2%

Age of the figures

9 mo

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 270 sector peers (2025).

NBB · sector comparison

Position among 270 sector peers

Solvency

better than 24%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-05-2026, 87 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

87 d early

2024

77 d early

2023

86 d early

2022

76 d early

2021

51 d early

2020

57 d early

2019

49 d early

← before the deadline after the deadline →

Checked, nothing found (2)

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 months

Position in the running window

24-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover

€75.58M▲ 32.3%

2024 · €57.15M

2020: €52.70M 2021: €64.56M 2022: €59.84M 2023: €145.71M 2024: €57.15M

2020 → 2025

EBIT margin

35.0%▼ 12.8pp

2024 · 47.8%

2020: 44.2% 2021: 31.5% 2022: 20.2% 2023: 58.0% 2024: 47.8%

2020 → 2025

Net result

€15.13M▲ 8.5%

2024 · €13.95M

2018: €-99k 2020: €6.26M 2021: €5.66M 2022: €9.11M 2023: €59.97M 2024: €13.95M

2018 → 2025

Working capital

€-12.61M▼ 212%

2024 · €-4.05M

2018: €11.97M 2020: €-24.74M 2021: €-12.16M 2022: €-9.38M 2023: €-15.54M 2024: €-4.05M

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Turnover€64.56M-€59.84M▼ 7.3%€145.71M▲ 143%€57.15M▼ 60.8%€75.58M▲ 32.3%

Equity€32.33M-€32.74M▲ 1.3%€45.46M▲ 38.8%€36.71M▼ 19.2%€41.52M▲ 13.1%

Operating result€20.35M-€12.11M▼ 40.5%€84.44M▲ 597%€27.34M▼ 67.6%€26.46M▼ 3.2%

Net result€5.66M-€9.11M▲ 61.0%€59.97M▲ 558%€13.95M▼ 76.7%€15.13M▲ 8.5%

Result per fiscal year

Operating resultNet result

The operating result has fallen two years in a row; 2025 is 3% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €470.13M

92.1%

Fixed assets €433.18M ▼ 6.5%

Current assets €36.95M ▼ 44.1%

Equity and liabilities €470.13M

90.0%

Equity €41.52M ▲ 13.1%

Provisions €5.43M ▲ 35.9%

Debt €423.18M ▼ 13.4%

Debt's share of the balance-sheet total falls from 92.3% to 90.0%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€56.88M▼

2024 · €57.75M

Cash flow

€45.56M▲

2024 · €44.35M

Current ratio

0.75▼

2024 · 0.94

Debt to equity

10.19▼

2024 · 13.32

ROE

36.4%▼

2024 · 38.0%

ROA

3.2%▲

2024 · 2.6%

Interest coverage

3.59▲

2024 · 2.44

Debt ≤ 1 year

€49.56M▼

2024 · €70.09M

Debt > 1 year

€370.69M▼

2024 · €408.41M

Income taxes

€2.43M▲

2024 · €1.04M

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 · 66 lines

Balance sheet Code20242025

Assets

Total assets20/58€529.57M€470.13M▼

Fixed assets21/28€463.52M€433.18M▼

Intangible fixed assets21€56k€33k▼

Tangible fixed assets22/27€463.47M€433.15M▼

Plant, machinery and equipment23€463.29M€433.15M▼

Assets under construction and advance payments27€175k-

Current assets29/58€66.04M€36.95M▼

Amounts receivable within one year40/41€29.04M€10.62M▼

Trade receivables40€28.66M€10.62M▼

Other amounts receivable41€388k-

Cash at bank and in hand54/58€26.82M€13.90M▼

Deferred charges and accrued income490/1€10.18M€12.43M▲

Equity and liabilities

Total equity and liabilities10/49€529.57M€470.13M▼

Equity10/15€36.71M€41.52M▲

Contributions10/11€22.30M€22.30M=

Capital10€22.30M€22.30M=

Issued capital100€22.30M€22.30M=

Reserves13€2.23M€2.23M=

Non-distributable reserves130/1€2.23M€2.23M=

Legal reserve130€2.23M€2.23M=

Profit (loss) carried forward14€12.18M€16.99M▲

Provisions and deferred taxes16€3.99M€5.43M▲

Provisions for liabilities and charges160/5€3.99M€5.43M▲

Other liabilities and charges164/5€3.99M€5.43M▲

Amounts payable17/49€488.86M€423.18M▼

Amounts payable after more than one year17€408.41M€370.69M▼

Financial debts170/4€345.01M€315.29M▼

Subordinated loans170€36.73M€33.39M▼

Credit institutions173€308.28M€281.90M▼

Other amounts payable178/9€63.39M€55.40M▼

Amounts payable within one year42/48€70.09M€49.56M▼

Current portion of amounts payable after more than one year42€38.18M€31.39M▼

Trade debts44€16.17M€4.36M▼

Suppliers440/4€16.17M€4.36M▼

Advances received on contracts in progress46€1.19M-

Taxes, remuneration and social security45€1.21M€3.49M▲

Taxes450/3€1.21M€3.49M▲

Other amounts payable47/48€13.33M€10.32M▼

Accrued charges and deferred income492/3€10.36M€2.94M▼

Income statement Code20242025

Operating income70/76A€81.20M€83.92M▲

Turnover70€57.15M€75.58M▲

Other operating income74€24.05M€8.34M▼

Operating charges60/66A€53.85M€57.46M▲

Goods for resale, raw materials and consumables60€1.08M€661k▼

Purchases600/8€1.08M€661k▼

Services and other goods61€21.34M€24.86M▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30.40M€30.42M▲

Provisions for liabilities and charges: additions (uses and reversals)635/8€945k€1.44M▲

Other operating charges640/8€86k€83k▼

Operating profit (loss)9901€27.34M€26.46M▼

Financial income75/76B€11.35M€6.94M▼

Recurring financial income75€11.35M€6.94M▼

Income from financial fixed assets750€11.35M-

Other financial income752/9-€6.94M

Financial charges65/66B€23.71M€15.83M▼

Recurring financial charges65€23.71M€15.83M▼

Debt charges650€23.71M€15.83M▼

Profit (loss) for the period before taxes9903€14.98M€17.56M▲

Income taxes67/77€1.04M€2.43M▲

Taxes670/3€1.04M€2.43M▲

Profit (loss) for the period9904€13.95M€15.13M▲

Profit (loss) for the period to be appropriated9905€13.95M€15.13M▲

Appropriation of the result

Profit (loss) to be appropriated9906€34.87M€27.31M▼

Profit (loss) brought forward from the previous period14P€20.93M€12.18M▼

Profit to be distributed694/7€22.69M€10.32M▼

Return on contributions (dividend)694€22.69M€10.32M▼

The notes to these accounts (53 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 38Financial 2Gazette 26Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

26-08

State Gazette act Resignations: Silja Wiebe, Kenta Nishikawa and 2 others

Appointments: PwC Bedrijfsrevisoren BV (statutory auditor) and Kristof Verlinden (director) · Permanent representatives: Brecht Lokere and Kristof Verlinden · Director discharge36 facts ▸

General meeting, 28-04-2026
Director resignation, Silja Wiebe (director)
Director resignation, Kenta Nishikawa (director)
Director discharge, Silja Wiebe
Director discharge, Kenta Nishikawa
Power of attorney, Sara Eggermont
Power of attorney, Tine Dekocker
General meeting, 04-05-2026
Auditor appointment, PwC Bedrijfsrevisoren BV
Permanent representative, Brecht Lokere
Director discharge, Kristof Verlinden
Director discharge, Kenta Nishikawa
+24 further facts in this act

05-05

NBB filing Annual accounts filed

fiscal year 2025 · full schema

05-03

State Gazette act Resignation: Van Leeuw Consulting BV (director)

Appointment: Geert Vanderbeeken (director)9 facts ▸

General meeting, 17-02-2026
Director resignation, Van Leeuw Consulting BV (director)
Director appointment, Geert Vanderbeeken (director)
Board composition, Neos Anemos BV (director)
Board composition, Marlies Vlasselaer (director)
Board composition, Silja Wiebe (director)
Board composition, Vincent De Koninck (director)
Board composition, Kenta Nishikawa (director)
Board composition, Geert Vanderbeeken (director)

2025

13-08

State Gazette act Resignation: Christoph Mertens (director)

Appointment: Silja Wiebe (director) · Permanent representatives: Eric Antoons and François Van Leeuw · Mandate compensation12 facts ▸

General meeting, 18-06-2025
Director resignation, Christoph Mertens (director)
Director appointment, Silja Wiebe (director)
Mandate compensation, Northwester 2
Board composition, Marlies Vlasselaer (director)
Board composition, Neos Anemos BV (director)
Permanent representative, Eric Antoons
Board composition, Vincent De Koninck (director)
Board composition, Silja Wiebe (director)
Board composition, Van Leeuw Consulting BV (director)
Permanent representative, François Van Leeuw
Board composition, Kenta Nishikawa (director)

16-06

State Gazette act Resignations: Peter Caluwaerts, Edward Van Melkebeek and BLACKBOULDER BV

Appointments: Neos Anemos BV, Marlies Vlasselaer and Vincent De Koninck · Permanent representatives: Eric Antoons and Françoís Van Leeuw · Mandate compensation16 facts ▸

General meeting, 20-05-2025
Director resignation, Peter Caluwaerts (director)
Director resignation, Edward Van Melkebeek (director)
Director resignation, BLACKBOULDER BV (director)
Director appointment, Neos Anemos BV (director)
Permanent representative, Eric Antoons
Director appointment, Marlies Vlasselaer (director)
Director appointment, Vincent De Koninck (director)
Mandate compensation, Northwester 2
Board composition, Marlies Vlasselaer (director)
Board composition, Neos Anemos BV (director)
Board composition, Vincent De Koninck (director)
+4 further facts in this act

15-05

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

25-11

State Gazette act Resignation: Mathias Van Steenwinkel (director)

Appointment: BLACKBOULDER BV (director) · Permanent representatives: Mathias Van Steenwinkel and François Van Leeuw · Mandate compensation15 facts ▸

General meeting, 23-08-2024
Director resignation, Mathias Van Steenwinkel (director)
Director appointment, BLACKBOULDER BV (director)
Permanent representative, Mathias Van Steenwinkel
Mandate compensation, BLACKBOULDER BV
Board composition, BLACKBOULDER BV (director)
Board composition, VAN LEEUW CONSULTING BV (director)
Permanent representative, François Van Leeuw
Board composition, Peter Caluwaerts (director)
Board composition, Christoph Mertens (director)
Board composition, Edward Van Melkebeek (director)
Board composition, Kenta Nishikawa (director)
+3 further facts in this act

26-08

State Gazette act Reappointments: Peter Caluwaerts, Edward Van Melkebeek and 3 others

Permanent representatives: François Van Leeuw, Christoph Mertens and Kenta Nishikawa · Mandate compensation · Power of attorney18 facts ▸

General meeting, 03-05-2024
Director reappointment, Peter Caluwaerts (director)
Director reappointment, Edward Van Melkebeek (director)
Director reappointment, Mathias Van Steenwinkel (director)
Director reappointment, Van Leeuw Consulting BV (director)
Director reappointment, Kenta Nishikawa (director)
Permanent representative, François Van Leeuw
Permanent representative, Christoph Mertens
Permanent representative, Kenta Nishikawa
Mandate compensation, Peter Caluwaerts
Mandate compensation, Edward Van Melkebeek
Mandate compensation, Mathias Van Steenwinkel
+6 further facts in this act

06-05

NBB filing Annual accounts filed

fiscal year 2023 · full schema

05-01

State Gazette act Resignation: Motoo Shimada (director)

Appointments: Kenta Nishikawa (director) and Ernst & Young Bedrijfsrevisoren BV (statutory auditor) · Director discharge5 facts ▸

General meeting, 05-05-2023
Director discharge, Pieter Marinus (director)
Director resignation, Motoo Shimada (director)
Director appointment, Kenta Nishikawa (director)
Auditor appointment, Ernst & Young Bedrijfsrevisoren BV

2023

31-12

Financial Highest result since 2018net €59.97M ▲558%

Operating result €84.44M, net result €59.97M, both a record.

16-05

NBB filing Annual accounts filed

fiscal year 2022 · full schema

Show earlier events

2022

07-11

State Gazette act Capital & shares

Capital decrease · Capital · Statutes amendment4 facts ▸

General meeting, 30-09-2022
Capital decrease, €7.200.000
Capital, €22.300.000
Statutes amendment

12-08

State Gazette act Appointments: Peter Caluwaerts, Edward Van Melkebeek and Mathias Van Steenwinkel

Resignation: Pieter Marinus (director) · Mandate compensation9 facts ▸

General meeting, 06-05-2022
Director appointment, Peter Caluwaerts (director)
Director appointment, Edward Van Melkebeek (director)
Director appointment, Mathias Van Steenwinkel (director)
Mandate compensation, Peter Caluwaerts
Mandate compensation, Edward Van Melkebeek
Mandate compensation, Mathias Van Steenwinkel
General meeting, 28-07-2022
Director resignation, Pieter Marinus (director)

10-06

NBB filing Annual accounts filed

fiscal year 2021 · full schema

07-06

State Gazette act Reappointments: Paul Tummers (director) and Tom Mahieu (director)

Resignations: Wim Colruyt, Tom Mahieu and Paul Tummers · Appointments: Peter Caluwaerts, Pieter Marinus and Edward Van Melkebeek · Mandate compensation15 facts ▸

General meeting, 07-05-2021
Director reappointment, Paul Tummers (director)
Director reappointment, Tom Mahieu (director)
Mandate compensation, Paul Tummers
Mandate compensation, Tom Mahieu
Board meeting, 20-12-2021
Director resignation, Wim Colruyt (director)
Director resignation, Tom Mahieu (director)
Director resignation, Paul Tummers (director)
Director appointment, Peter Caluwaerts (director)
Director appointment, Pieter Marinus (director)
Director appointment, Edward Van Melkebeek (director)
+3 further facts in this act

2021

24-09

State Gazette act Capital & shares

Capital decrease · Capital · Statutes amendment5 facts ▸

General meeting, 10-09-2021
Capital decrease, €2.500.000
Capital, €29.500.000
Statutes amendment
Power of attorney, Paul MASELIS

04-06

NBB filing Annual accounts filed

fiscal year 2020 · full schema

14-05

State Gazette act Resignation: Stefaan Vandamme (director)

Appointment: Tom Mahieu (director)3 facts ▸

Board meeting, 30-09-2020
Director resignation, Stefaan Vandamme (director)
Director appointment, Tom Mahieu (director)

23-03

State Gazette act Capital & shares · Purpose · Statutes amendment · Resignations & appointments

Statutes amendment · Capital3 facts ▸

General meeting, 09-03-2021
Statutes amendment
Capital, €32.000.000

91.7% of this act was read; anything after the cut is not in this list.Read the act at the Belgisch Staatsblad ↗

2020

31-12

Financial Back to profitnet €6.26M

Net result €6.26M after one loss-making year.

14-09

State Gazette act Resignations: Peter Caluwaerts (vaste vertegenwoordiger van parkwind nv in haar capaciteit van ceo) and Tom Mortier (director)

Permanent representatives: Eric Antoons and Francis Boelens · Appointments: EY Bedrijfsrevisoren BV (statutory auditor) and Paul Tummers (director)9 facts ▸

Board meeting, 18-12-2019
Director resignation, Peter Caluwaerts (vaste vertegenwoordiger van parkwind nv in haar capaciteit van ceo)
Permanent representative, Eric Antoons (permanent representative)
General meeting, 04-05-2020
Auditor appointment, EY Bedrijfsrevisoren BV (statutory auditor)
Permanent representative, Francis Boelens (permanent representative)
Board meeting, 23-06-2020
Director resignation, Tom Mortier (director)
Director appointment, Paul Tummers (director)

12-06

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2019

05-06

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

19-10

State Gazette act Miscellaneous

Power of attorney3 facts ▸

General meeting, 04-10-2018
Power of attorney, Johan Lagae
Power of attorney, Els Bruls

19-10

State Gazette act Capital & shares

Capital increase · Capital · Statutes amendment4 facts ▸

General meeting, 05-10-2018
Capital increase, €31.438.000
Capital, €32.000.000
Statutes amendment

28-09

State Gazette act Appointments: Christoph Mertens, Motoo Shimada and Tom Mortier

Director resignation5 facts ▸

General meeting, 24-08-2018
Director appointment, Christoph Mertens (director)
Director appointment, Motoo Shimada (director)
Director appointment, Tom Mortier (director)
Director resignation

17-09

State Gazette act Capital & shares

Statutes amendment · Share cancellation · Share transfer5 facts ▸

General meeting, 20-08-2018
Statutes amendment
Statutes amendment
Share cancellation, Verval van warranten uitgegeven aan InControl SA
Share transfer, Etablissementen Franz Colruyt → Summit Tailwind Belgium

06-09

State Gazette act Capital & shares · Statutes amendment

Statutes amendment · Capital · Power of attorney7 facts ▸

General meeting, 20-08-2018
Statutes amendment
Capital, €562.000
Power of attorney, Jean-Thomas Cambier
Power of attorney, Charlotte Van Rompaey
Power of attorney, Pieter Marinus
Statutes amendment

12-07

State Gazette act Resignations: Van Leeuw Consulting BVBA (bestuurder van categorie a) and Dimnick BVBA (bestuurder van categorie b)

Appointment: Van Leeuw Consulting BVBA (bestuurder van categorie b)4 facts ▸

General meeting, 23-05-2018
Director resignation, Van Leeuw Consulting BVBA (bestuurder van categorie a)
Director resignation, Dimnick BVBA (bestuurder van categorie b)
Director appointment, Van Leeuw Consulting BVBA (bestuurder van categorie b)

04-07

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

25-06

State Gazette act Appointment: Ernst & Young Bedrijfsrevisoren BV CVBA (statutory auditor)

Permanent representatives: F. Boelens BVBA and Francis Boelens · Mandate compensation5 facts ▸

General meeting, 04-05-2017
Auditor appointment, Ernst & Young Bedrijfsrevisoren BV CVBA
Permanent representative, F. Boelens BVBA
Permanent representative, Francis Boelens
Mandate compensation, Ernst & Young Bedrijfsrevisoren BV CVBA

2017

27-11

State Gazette act Appointment: Parkwind NV (algemeen directeur / chief executive officer)

2 facts ▸

Board meeting, 05/10/2017
Director appointment, Parkwind NV (algemeen directeur / chief executive officer (ceo))

16-10

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 77 days late

13-10

State Gazette act Resignations: Jean de LEU de Cécil, TTR ENERGY and 2 others

Reappointments: Willem COLRUYT (class A director) and DIMNICK (class B director) · Permanent representatives: Frank COENEN and François VAN LEEUW · Appointments: VAN LEEUW CONSULTING (class A director) and Stefaan Vandamme (class A director)18 facts ▸

General meeting, 19-09-2017
Registered-office move, 3000 Leuven, Sint-Maartenstraat, 5
Share issue, Anti-Dilution Warrant InControl
Capital increase, €500.000
Bank account, KBC Bank, 1080 Bruxelles, Havenlaan, 2
Capital, €562.000
Statutes amendment
Statutes amendment, 15
Director resignation, Jean de LEU de Cécil (director)
Director resignation, TTR ENERGY (director)
Director resignation, Gauthier DE POTTER (director)
Director resignation, Michel HELBIG de BALZAC (director)
+6 further facts in this act

2014

20-01

State Gazette act Resignations: Konrad Baetens (class A director) and Wim Biesemans (class A director)

Appointments: Jean de Leu de Cécil (director) and Stephan Windels (director) · Mandate compensation7 facts ▸

General meeting, 09-01-2016
Director resignation, Konrad Baetens (class A director)
Director resignation, Wim Biesemans (class A director)
Director appointment, Jean de Leu de Cécil (director)
Director appointment, Stephan Windels (director)
Mandate compensation, Jean de Leu de Cécil
Mandate compensation, Stephan Windels

2011

13-07

State Gazette act Resignation: Christophe GILAIN (class A director)

Appointments: Konrad BAETENS (director) and Wim BIESEMANS (director) · Statutes amendment · Director discharge6 facts ▸

General meeting, 01-06-2011
Statutes amendment
Director resignation, Christophe GILAIN (class A director)
Director discharge, Christophe GILAIN
Director appointment, Konrad BAETENS (director)
Director appointment, Wim BIESEMANS (director)

08-03

State Gazette act Incorporation

Appointments: TTR ENERGY, Christophe GILAIN and 3 others · Permanent representatives: Christophe GILAIN and Frank COENEN · Founding capital23 facts ▸

Incorporation, 17-02-2011
Founding capital, €62.000
Director appointment, TTR ENERGY (director)
Permanent representative, Christophe GILAIN
Director appointment, Christophe GILAIN (director)
Director appointment, Gauthier DE POTTER (director)
Director appointment, Michel HELBIG de BALZAC (director)
Director appointment, DIMNICK (director)
Permanent representative, Frank COENEN
Director appointment, Michel HELBIG de BALZAC (chair of the board)
Director appointment, DIMNICK (managing director)
Mandate compensation, TTR ENERGY
+11 further facts in this act

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

12 directors, last change in 2026

Kristof Verlinden

Director · since 30-06-2026

Current

Geert Vanderbeeken

Director · since 31-01-2026

Current

Marlies Vlasselaer

Director · since 09-05-2025

Current

Neos Anemos

Director · since 09-05-2025 · Private limited company · perm. rep.: Eric Antoons

Current

Vincent De Koninck

Director · since 09-05-2025

Current

BLACKBOULDER BV

Director · since 21-06-2024 · Legal entity · perm. rep.: Mathias Van Steenwinkel

Current

6 other directors

Van Leeuw Consulting BVBA

Bestuurder van categorie b · since 23-05-2018 · Legal entity

Not recently confirmed

Parkwind NV

Algemeen directeur / chief executive officer (ceo) · since 05-10-2017 · Legal entity

Not recently confirmed

DIMNICK

Class B director · since 19-09-2017 · Legal entity · perm. rep.: Frank COENEN

Not recently confirmed

VAN LEEUW CONSULTING

Class A director · since 19-09-2017 · Private limited company · perm. rep.: François VAN LEEUW

Not recently confirmed

Stephan Windels

Director · since 09-01-2016

Not recently confirmed

TTR ENERGY

Director · since 17-02-2011 · Public limited company · perm. rep.: Christophe GILAIN

Not recently confirmed

30-06-2026 Kristof Verlinden: Appointed as Director

30-06-2026 Kristof Verlinden: Appointed as Chair

30-06-2026 Neos Anemos BV: Resigned as Director

30-06-2026 Neos Anemos BV: Resigned as Chair

30-06-2026 ANTOONS Eric: Resigned as Permanent representative

Full history in the Timeline (70 changes) →

Not every act has been read: a resignation may be missing here

1 act was read only in part. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.

Location & real-estate footprint

Registered office, Leuven · 1 establishment unit since 2011

establishment The establishment unit on the map

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.

Sint-Maartenstraat 53000 Leuven

Ground area

4,548 m²

Building footprint

4,389 m²

Volume, LiDAR

68,400 m³

Parcel 24062A0838/00D000, Flanders · tallest building 24.4 m, ±6 floors. Linked by address, not a title deed.

1 establishment unit

NORTHWESTER 2

Sint-Maartenstraat 5, 3000 LeuvenProduction of electricity from non-renewable sources

since 20112.278.916.713

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
24062A0838/00D000	Flanders	4,547 m²	1 · 4,389 m²	24.4 m · 6 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.

Statutory auditor

1 auditor

BV PwC BedrijfsrevisorenCurrent

Auditor

28-04-2026 → present

Show 2 earlier auditors

Ernst et Young Reviseurs d'Entreprises Auditor succeeded by EY Bedrijfsrevisoren BV in 2020	04-05-2017 → 04-05-2020
EY Bedrijfsrevisoren BV Statutory auditor succeeded by BV PwC Bedrijfsrevisoren in 2026	04-05-2020 → 28-04-2026

Articles of association

Purpose

Activiteiten uit te voeren in de meest ruime zin van het woord die verband houden met de productie of de promotie van de productie van hernieuwbare of niet-hernleuwbare energie, en…

Full purpose

Activiteiten uit te voeren in de meest ruime zin van het woord die verband houden met de productie of de promotie van de productie van hernieuwbare of niet-hernleuwbare energie, en in het bijzonder de ontwikkeling van projecten en onshore en offshore windparken en aanverwante technologieën.

according to the deed of 23-03-2021

Structure & network

Connections & network

35 connected companies

Shared directors

Linked via shared directors

ASSOCIATION BELGE DES SOCIETES COTEES

Shared director

→

Belgian Offshore Platform

Shared director

→

BELWIND

Shared director

→

BIO-PLANET

Shared director

→

Show 31 more companies with a shared director

BIO-SOURCING

Shared director

→

BioSenic

Shared director

→

BUURTWINKELS OKAY

Shared director

→

Cableco

Shared director

→

Centre Scolaire Dominique Pire

Shared director

→

COLIM

Shared director

→

Colruyt Group

Shared director

→

DAVYTRANS

Shared director

→

DEME BLUE ENERGY

Shared director

→

DREAMLAND

Shared director

→

Eoly Energy

Shared director

→

FEDERATION BELGE DU COMMERCE ET DES SERVICES

Shared director

→

FLEETCO

Shared director

→

FLUXYS BELGIUM

Shared director

→

Inetum Belgium

Shared director

→

INFIRMIERS DE RUE / STRAATVERPLEGERS

Shared director

→

IZAR

Shared director

→

KORYS BUSINESS SERVICES I NV

Shared director

→

Korys Business Services III NV

Shared director

→

KORYS INVESTMENTS

Shared director

→

Nobelwind

Shared director

→

Northwind

Shared director

→

Participatiemaatschappij Vlaanderen

Shared director

→

POWER@SEA

Shared director

→

RETAIL PARTNERS COLRUYT GROUP

Shared director

→

SOLUCIOUS

Shared director

→

T.P.F.

Shared director

→

TRANSCOR INTERNATIONAL

Shared director

→

Virya Energy

Shared director

→

Vlevico

Shared director

→

WAGRAM INVEST

Shared director

→

Ownership & control

2 parent companies

Control over this companyparent company per the LEI register2

PARKWIND

Leuven

株式会社JERA

東京都中央区, Japan · indirect

controls

NORTHWESTER 2BE 0834.020.549

Capital and shareholders

Shareholders according to the acts

Share transfer act of 17-09-2018 ↗

Etablissementen Franz Colruyt to Summit Tailwind Belgium 3,000 shares

After the capital increase act of 13-10-2017 ↗

TTR Luxembourg 50,000 EUR
ETABLISSEMENTEN FRANZ COLRUYT 149,950 EUR
WAGRAM INVEST 50 EUR
InControl S.A. 70,000 EUR
PARKWIND 230,000 EUR

At incorporation act of 08-03-2011 ↗

TTR ENERGY (BE 0898.237.222) 7,200 shares · 44,640 EUR
WAGRAM INVEST (BE 0422.277.226) 1,400 shares · 8,680 EUR
InControl S.A. 1,400 shares · 8,680 EUR

The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years

07-11-2022 Capital reduction of 7,200,000 EUR · to 22,300,000 EUR · repaid to the shareholders
24-09-2021 Capital reduction of 2,500,000 EUR · to 29,500,000 EUR · repaid to the shareholders
23-03-2021 Capital stated in the act · 32,000,000 EUR · 10,000 shares
19-10-2018 Capital increase of 31,438,000 EUR · to 32,000,000 EUR · in cash
06-09-2018 Capital stated in the act · 562,000 EUR · 10,000 shares
13-10-2017 Capital increase of 500,000 EUR · to 562,000 EUR · in cash
08-03-2011 Incorporation · 62,000 EUR · 10,000 shares

Recognitions · licences · registrations

Legal Entity Identifier

549300BCVSF0FR8F6I58

live in the LEI register

Similar companies · same sector, comparable size

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Of 815 companies in sector 35110 we hold annual accounts for 631. 118 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

Founded24-02-2011

Fiscal year end31-12

Abbreviation FR NW 2

Activities, NACEBEL 2025

35110Production of electricity from non-renewable sources

Sources

Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.