OURTH'EOLE
ActiveSummary
OURTH'EOLE has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €241,855 and a net result of €188,756. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 18% of 181 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▲+24
Solvency31▲+5
Growth85▲+33
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity short (current ratio 0.67 against 0.23 in 2024; short-term debt: 15.2% and cash: 1.4% of total assets), and 93.8% of the assets are financed with debt.
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Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
Electricity, gas, steam and air conditioning supply (NACE 35)
about 42% fewer bankruptcies
← 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
6.2%
Return on assets
4.9%
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 181 sector peers (2025).
NBB · sector comparisonPosition among 181 sector peers
Solvency
better than 18%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €241,855
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
24 d early
2023
7 d early
2022
32 d late
2021
20 d late
2020
1 d early
2019
42 d late
← 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 4 days after the deadline; the sector median for financial year 2024 is 23 days before the deadline, and 27% of the sector filed late.
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#9 company by total assets in Houyet
Turnover
€760,826▲ 104%
2024 · €372,233
EBIT margin
35.0%▲ 54.0pp
2024 · -19.0%
Net result
€188,756
2024 · -€146,604
Working capital
-€192,024▲ 56.5%
2024 · -€441,264
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€372,233€760,826▲ 104%
Operating result-€58,123▼ 3,361%-€52,036▲ 10.5%€45,636-€70,880€265,993
Net result-€173,312▼ 4,928%€3,003-€59,779-€146,604▼ 145%€188,756
EBIT margin-19.0%35.0%▲ 54.0pp
Equity€256,479€259,483▲ 1.2%€199,704▼ 23.0%€53,100▼ 73.4%€241,855▲ 355%
Total assets€1.9m▲ 216%€4.1m▲ 118%€4.2m▲ 2.1%€3.9m▼ 7.1%€3.9m▼ 0.4%
Debt€1.6m▲ 164%€3.9m▲ 137%€4.0m▲ 3.2%€3.8m▼ 4.6%€3.6m▼ 6.1%
Working capital€147,699-€28,409-€328,964▼ 1,058%-€441,264▼ 34.1%-€192,024▲ 56.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €265,993 after a loss of €70,880 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.9m
Fixed assets
€3.5m ▼ 7.5%
Current assets
€397,797 ▲ 208%
Equity and liabilities €3.9m
Equity
€241,855 ▲ 355%
Provisions
€82,397 ▲ 57.1%
Debt
€3.6m ▼ 6.1%
Debt's share of the balance-sheet total falls from 97.3% to 91.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€558,639▲
2024 · €218,782
Cash flow
€481,402▲
2024 · €143,057
Current ratio
0.67▲
2024 · 0.23
Debt to equity
14.75▼
2024 · 71.58
ROE
78.0%▲
2024 · -276.1%
ROA
4.9%▲
2024 · -3.8%
Interest coverage
7.23▲
2024 · 2.89
Debt ≤ 1 year
€589,821▲
2024 · €570,449
Debt > 1 year
€3.0m▼
2024 · €3.2m
Income taxes
€12
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €372,233 | €760,826 | ▲ 104% |
| Goods, raw materials, services and sundry goods60/61 | €7,689 | €12,503 | - | €108,214 | €156,956 | ▲ 45.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39,186 | €39,186 | €229,231 | €289,661 | €292,646 | ▲ 1.0% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €0 | €22,472 | €29,963 | €29,963 | = |
| Other operating charges640/8 | €1,248 | €348 | €13,113 | €15,275 | €15,268 | = |
| Non-recurring operating charges66A | €10,000 | - | - | - | - | - |
| Gross operating margin9900 | -€7,689 | -€12,503 | €310,452 | €264,019 | €603,870 | ▲ 129% |
| Operating profit (loss)9901 | -€58,123 | -€52,036 | €45,636 | -€70,880 | €265,993 | ▲ 475% |
| Financial income75/76B | €3,266 | €104,464 | - | €14 | €78 | ▲ 478% |
| Recurring financial income75 | €3,266 | €104,464 | - | €14 | €78 | ▲ 478% |
| Financial charges65/66B | €118,455 | €49,425 | €105,415 | €75,738 | €77,304 | ▲ 2.1% |
| Recurring financial charges65 | €118,455 | €49,425 | €105,415 | €75,738 | €77,304 | ▲ 2.1% |
| Profit (loss) for the period before taxes9903 | -€173,312 | €3,003 | -€59,779 | -€146,604 | €188,767 | ▲ 229% |
| Income taxes67/77 | - | - | - | - | €12 | - |
| Profit (loss) for the period9904 | -€173,312 | €3,003 | -€59,779 | -€146,604 | €188,756 | ▲ 229% |
| Profit (loss) for the period to be appropriated9905 | -€173,312 | €3,003 | -€59,779 | -€146,604 | €188,756 | ▲ 229% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.9m | €4.1m | €4.2m | €3.9m | €3.9m | ▼ 0.4% |
| Formation expenses20 | €0 | €0 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €1.6m | €3.9m | €4.0m | €3.8m | €3.5m | ▼ 7.5% |
| Intangible fixed assets21 | €548,207 | €909,020 | €843,154 | €777,288 | €711,422 | ▼ 8.5% |
| Tangible fixed assets22/27 | €1.1m | €3.0m | €3.2m | €3.0m | €2.8m | ▼ 7.3% |
| Plant, machinery and equipment23 | - | - | €3.2m | €3.0m | €2.8m | ▼ 7.3% |
| Other tangible fixed assets26 | €10,174 | €10,174 | €10,174 | €10,174 | €10,174 | = |
| Assets under construction and advance payments27 | €1.1m | €3.0m | €0 | €0 | - | - |
| Financial fixed assets28 | - | - | - | - | €0 | - |
| Current assets29/58 | €254,571 | €187,796 | €175,270 | €129,185 | €397,797 | ▲ 208% |
| Amounts receivable within one year40/41 | €248,775 | €187,470 | €163,457 | €112,375 | €337,317 | ▲ 200% |
| Trade receivables40 | €42,784 | €9,372 | €157,954 | €106,890 | €337,310 | ▲ 216% |
| Other amounts receivable41 | €205,992 | €178,099 | €5,504 | €5,485 | €6 | ▼ 99.9% |
| Cash at bank and in hand54/58 | €471 | €325 | €2,673 | €12,439 | €56,070 | ▲ 351% |
| Deferred charges and accrued income490/1 | €5,325 | €0 | €9,139 | €4,371 | €4,411 | ▲ 0.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.9m | €4.1m | €4.2m | €3.9m | €3.9m | ▼ 0.4% |
| Equity10/15 | €256,479 | €259,483 | €199,704 | €53,100 | €241,855 | ▲ 355% |
| Contributions10/11 | €461,601 | €461,601 | €461,601 | €461,601 | €461,601 | = |
| Outside capital11 | €461,601 | - | - | - | - | - |
| Other1109/19 | €461,601 | - | - | - | - | - |
| Profit (loss) carried forward14 | -€205,121 | -€202,118 | -€261,897 | -€408,501 | -€219,746 | ▲ 46.2% |
| Provisions and deferred taxes16 | - | €0 | €22,472 | €52,434 | €82,397 | ▲ 57.1% |
| Provisions for liabilities and charges160/5 | - | €0 | €22,472 | €52,434 | €82,397 | ▲ 57.1% |
| Major repairs and maintenance162 | - | €0 | €22,472 | €52,434 | €82,397 | ▲ 57.1% |
| Amounts payable17/49 | €1.6m | €3.9m | €4.0m | €3.8m | €3.6m | ▼ 6.1% |
| Amounts payable after more than one year17 | €1.5m | €3.6m | €3.5m | €3.2m | €3.0m | ▼ 7.8% |
| Financial debts170/4 | €1.5m | €3.6m | €3.5m | €3.2m | €3.0m | ▼ 7.8% |
| Amounts payable within one year42/48 | €106,872 | €216,205 | €504,233 | €570,449 | €589,821 | ▲ 3.4% |
| Current portion of amounts payable after more than one year42 | - | €202,242 | €268,039 | €271,724 | €252,964 | ▼ 6.9% |
| Financial debts43 | €92,031 | €0 | - | - | - | - |
| Credit institutions430/8 | €92,031 | €0 | - | - | - | - |
| Trade debts44 | €1,552 | €13,963 | €125,665 | €76,720 | €117,958 | ▲ 53.8% |
| Suppliers440/4 | €1,552 | €13,963 | €125,665 | €76,720 | €117,958 | ▲ 53.8% |
| Taxes, remuneration and social security45 | €714 | €0 | €10,190 | €22,144 | €109,443 | ▲ 394% |
| Taxes450/3 | €714 | €0 | €10,190 | €22,144 | €109,443 | ▲ 394% |
| Other amounts payable47/48 | €12,575 | €0 | €100,340 | €199,861 | €109,456 | ▼ 45.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€173,312 | €3,003 | -€59,779 | -€146,604 | €188,756 | ▲ 229% |
| + Depreciation and write-downs630 | €39,186 | €39,186 | €229,231 | €289,661 | €292,646 | ▲ 1.0% |
| Operating cash flow (approximation) | -€134,126 | €42,190 | €169,452 | €143,057 | €481,402 | ▲ 237% |
| Investment in fixed assets (approximation) | - | -€2.3m | -€327,754 | -€36,096 | -€9,161 | ▲ 74.6% |
| Change in cash | - | -€146 | €2,348 | €9,766 | €43,631 | ▲ 347% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €188,756
Net result €188,756 after 2 loss-making years.
31-12
Financial
Equity above €200,000Eq €241,855 ▲355%
Equity rises from €53,100 to €241,855.
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Back to profitnet €3,003
Net result €3,003 after 4 loss-making years.
20-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 20 days late
2021
31-12
Financial
Weakest financial yearnet -€173,312
Net result drops to -€173,312, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 4424current ratio 2.38
Current ratio from 0.00 to 2.38; short-term debt falls from €618,508 to €106,872.
31-12
Financial
Equity above €200,000Eq €256,479
Equity rises from -€20,209 to €256,479.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2020
11-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 42 days late
2019
20-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 51 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Houyet · 1 establishment unit since 2014
Ground area
2,864 m²
Building footprint
627 m²
Volume, LiDAR
3,511 m³
Parcel 91089B0498/00D000, Wallonia · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Ourth'Eole
since 20142.226.423.380
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91089B0498/00D000 | Wallonia | 2,864 m² | 1 · 626 m² | 10.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 563 companies in sector 35150 we hold annual accounts for 230. 137 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded05-12-2013
Fiscal year end31-12
Activities, NACEBEL 2025
35150Electricity, gas, steam and air conditioning supply
35110Production of electricity from non-renewable sources
Contact
E-mail
info@vents-houyet.beBeauraing
Phone
082/68 96 76Beauraing
Scores and ratios are computed by Checked and are not a credit decision.