Shareholders
- HeBro0.01%
COURANT D'AIR
ActiveSummary
COURANT D'AIR has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10.0m and a net result of €173,297. Equity has been growing by about 7.6% per year since 2018. Its solvency ranks better than 85% of 352 sector peers (NACE 35, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Official details
Source: KBO- Status
- Active since 23-12-2009 Normal situation
- Activity
- Electricity, gas, steam and air conditioning supply NACE 35120and 5 others
- Establishment unit
- 2.184.686.557 4750 Bütgenbach, since 23-12-2009
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Board and ownership
Shareholders
- EMSD8%· score 682025 annual accounts of EMSD
- ORTIS0.2%· score 832025 annual accounts of ORTIS
- BAUSTOFFE A. PIRONT0.01%· score 972025 annual accounts of BAUSTOFFE A. PIRONT
- Holdings
- Shares in 13 companies including EOLIENNE DE HAMOIS and EOLIENNES DE LA FAGNE
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
Annual accounts 2025
- Gross margin
- €896,376
- ▼ 0.9%
- Turnover
- ≈ €2.1m
- estimated
- Profit
- €173,297
- ▲ 17.4%
- Equity
- €10.0m
- ▲ 26.0%
- Total assets
- €13.5m
- ▲ 13.0%
- Employees on 31-12-2025
- 5
- ▼ 28.6%
Score breakdownlowers riskSize: 4.1 FTE, total assets €13.5mFounded in 2009Figures for financial year 2025 (filed on 22-05-2026)Equity €10.0m (73.9% of total assets)Show the evidence
Checked score
Score 2025
96
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 68% of micro companies in electricity, gas and steam (NACE 35)
Financial strength · tick: 2024
Strong
Solvency
99+8
equity 73.9% of total assets
Liquidity
60+5
short-term debt 4.5% · cash 8.0%
Profitability
70=
return on assets 1.3%
Bankruptcy probability within 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.4%▲ +0.1 percentage points vs 03-2025
05-2025: 0.5%▲ +0.1 percentage points vs 04-2025highest value
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.5%● unchanged vs 06-2025
08-2025: 0.4%▼ -0.1 percentage points vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.5%▲ +0.1 percentage points vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.2%▼ -0.3 percentage points vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.1%▼ -0.1 percentage points vs 05-2026lowest value
07-2026: 0.1%● unchanged vs 06-2026lowest value
08-2026: 0.1%● unchanged vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Credit of up to €950,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.91 (1.28 in 2024), above the usual 1.5. Short-term debt is 4.5% and cash 8% of total assets. 26.1% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 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, micro). It does better than 74% of them on solvency, 57% on liquidity, 60% on profitability and 82% on growth.
The bankruptcy probability was computed on 02-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers 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 21-05-2026, 71 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
71 days early
2024
69 days early
2023
70 days early
2022
82 days early
2021
67 days early
2020
67 days early
2019
49 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 68 days before the deadline. In the sector (NACE 35), the median for financial year 2024 was 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 23 May (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
Key points
- Positive: Largest company by equity in Butgenbachin the Checked rankings No. 1 View
- Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
- Positive: 8 profitable years in a rowprofit 2025: €173,297 8 years View
- Heads a groupcompanies controlled 4 View
- Positive: Equity rose in 2025from €7.9m to €10.0m ▲ 26.0% View
Recent changes
- · Gazette deed Appointments: Joachim Langer (geschäftsführender verwalter) and Mario Heukemes (präsident)
- · Gazette deed Appointments: Michèle Dethier (verwaltungsratmitglied) and Marc Legras (verwaltungsratmitglied)
- · Gazette deed Registered office moved to ButgenbachReappointments: HEUKEMES Mario, LANGER Joachim and 3 others
Companies linked to COURANT D'AIR
Subsidiaries and holdings
- BAJATE87.5%
- EN PLEIN VENT80%
- OPTIVENTS49.5%
- ATOUT-WAL39.74%
- VDH Participations33.33%
- REScoop Mutual for Energy Communities Investing in a Sustainable Europe23.81%
- Monceau Hydro13.2%
- COMPTOIR CITOYEN DES ENERGIES12.3%
Comparable companies
These companies have the same main activity as COURANT D'AIR: electricity, gas, steam and air conditioning supply (NACE 35120). They are comparable in size and age: total assets between €4.9m and €17m, founded between 2000 and 2014.
| Company | Total assets | Gross margin |
|---|---|---|
| COURANT D'AIR Bütgenbach | €13.5m | €0.9m |
| FORTECH Sint-Gillis-Waas | €13.6m | €1.1m |
| EnerGent Gent | €8.2m | €1.4m |
| Retail Park Aalst Sint-Joost-ten-Node | €7.8m | €0.9m |
| TERRANOVA SOLAR Stabroek | €16.9m | €5.2m |
| EMISSIONS ZERO Namur | €8.8m | €0.1m |
| WAL'EOL Liège | €4.9m | €0.5m |
Key facts about COURANT D'AIR
- What is the company number of COURANT D'AIR?
- The company number of COURANT D'AIR is 0822.180.314. The VAT number is the same number with BE in front: BE 0822.180.314.
- Where is COURANT D'AIR based?
- The registered office is at Elsenborn,Unter den Linden 5/E1, 4750 Bütgenbach.Company details
- What does COURANT D'AIR do?
- According to the KBO register, the main activity is electricity, gas, steam and air conditioning supply (NACE 35120).
- What is the legal form of COURANT D'AIR?
- The legal form of COURANT D'AIR is Cooperative company (CV).
- When was COURANT D'AIR founded?
- COURANT D'AIR was founded on 23-12-2009.
- Is COURANT D'AIR still active?
- Yes, COURANT D'AIR is an active enterprise in the KBO register.
- How many employees does COURANT D'AIR have?
- COURANT D'AIR had an average of 4.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of COURANT D'AIR?
- The turnover in financial year 2025 is ≈ €2.1m. This figure is estimated from the gross margin of €896,376 and 2,283 comparable companies of the same size. It probably lies between €1.3m and €3.6m. It is a rough estimate.
- Is COURANT D'AIR profitable?
- In financial year 2025, COURANT D'AIR made a profit of €173,297.
- Where can I find the annual accounts of COURANT D'AIR?
- COURANT D'AIR filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of COURANT D'AIR due?
- COURANT D'AIR must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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