Financials
- Financial year
- 2025
- Turnover
- €5.2m
- Loss
- -€15.1m
- Solvency
- 18.2%
Turnover▲ 17.8%
Net result
20192025
ActiVent Wallonie
ActiveSummary
The annual accounts of ActiVent Wallonie for financial year 2025 show a net loss of 101% of the equity at the start of that year. The 2025 annual accounts show equity of €18.6m and a net result of -€15.1m. Equity is growing by about 27% per year across the filed financial years. Its solvency ranks better than 36% of 346 sector peers (NACE 35, financial year 2025). The company has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Activity
Electricity, gas, steam and air conditioning supply
NACE 35120
4th largest company by total assets in Hainaut, Energy sector1 site
Size
€5.2mturnover 2025
- Equity
- €18.6m
- Loss
- -€15.1m
Structure
- Parent
- Luminus · 51%
- Denis CollardDirector
- Muriel FlamandDirector
- Chloé DefiseDirector
Accounts 29 days early6 of 13 deeds read
Why 55raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €15.1m, the second in a row (financial year 2025)Liquidity: current ratio 2.03, cash €849,458lowers riskSize: turnover €5.2m, total assets €102.1mFigures for financial year 2025 (filed 02-07-2026)Show the evidence
Checked score
Score 2025
55
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 45% of its sector peers (NACE 35, large)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency
43=
equity 18.2% of total assets
Liquidity
51-1
short-term debt 2.3% · cash 0.8%
Profitability
0-58
return on assets -14.8%
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.2%
12-2024: 0.2%● unchanged vs 11-2024
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025lowest value
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.3%▲ +0.1 percentage points vs 06-2026
08-2026: 0.4%▲ +0.1 percentage points vs 07-2026highest value
09-2026: 0.4%● unchanged vs 08-2026highest value
10-2026: 0.4%● unchanged vs 09-2026highest value
Credit of up to €500,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 2.03, compared with 0.37 in 2024, above the usual 1.5; short-term debt: 2.3% and cash: 0.8% of total assets), but 81.8% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 35, large): better than 46% on solvency, 50% on liquidity, 2% on profitability and 82% on growth.
The bankruptcy probability was computed on 20-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Five signals.
lowers riskraises riskneutral
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 02-07-2026, 29 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
29 days early
2024
41 days early
2023
41 days early
2022
42 days early
2021
53 days early
2020
64 days early
2019
46 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 45 days before the deadline; the sector median (NACE 35) for financial year 2024 is 22 days before the deadline, and 27% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 20 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
21-10-2026 today31-12-2026 year end31-07-2027 deadline
- Resignations: Sarah Gillard, Michel Mullens and…Appointments: Muriel Flamand, Denis Collard…
- Annual accounts filedfinancial year 2025 · full…
- Weakest financial yearnet -€15.1m
Key points
- Caution: Result fell in 2025from -€310,954 to -€15.1m ▼ 4,743% View
- Caution: Among the weakest 5% on net resultsector median €172,073 · 345 companies -€15.1m View
- Caution: Board changedlatest change 07-08-2026 · 3 in office 1 joined · 3 left View
- Positive: Always filed on timeaccounts within the deadline every year 8 years View
- Controlled by Luminusknown shareholders 100% 51% View
- Caution: 2 loss-making years in a rowloss financial year 2025 -€15.1m View
By topic
Board & ownership
- Board
- 3 members
- Parent
- Luminus · 51%
- Known shareholders
- 100%
- Denis CollardDirector
- Muriel FlamandDirector
- Chloé DefiseDirector
Network & group
- Group
- EDF S.A.
Timeline
- Events
- 22
- Since
- 2019
- Next accounts
- by 31-07-2027
- 31-12-2025Liquidity more than 5 times
- 18-12-2025Resignation: Olivier Bontems (director)
- 24-11-2025Resignations: Sarah Gillard (director) and Michel Mullens…
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Electricity, gas, steam and air conditioning supplyNACE 35120
- Founded
- 31-10-2017
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 12
- Who signs
- Two directors jointly
- Annual meeting
- First Monday of May at 10:00
- Purpose
- “La construction et l’exploitation de projets d’énergies renouvelables; La société pourra…” (deed in French)
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