ActiVent Wallonie
ActiveSummary
The annual accounts of ActiVent Wallonie for fiscal year 2025 show a net loss of 101% of the equity at the start of that year. The 2025 annual accounts show equity of €18.57M and a net result of €-15.06M. Equity is growing by ~26.6% per year across the filed fiscal years. Its solvency ranks better than 35% of 270 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
47
/ 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▼-58
Solvency43=
Growth68=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500k 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 2.03 against 0.37 in 2024; short-term debt: 2.3% and cash: 0.8% of total assets), but 81.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
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
18.2%
Return on assets
-14.8%
Age of the figures
9 mo
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 d early
2024
41 d early
2023
41 d early
2022
42 d early
2021
53 d early
2020
64 d early
2019
46 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, full schema
Turnover
€5.22M▲ 17.8%
2024 · €4.43M
2019: €93k
2020: €1.27M
2021: €2.74M
2022: €5.16M
2023: €4.54M
2024: €4.43M
2019 → 2025
EBIT margin
-246.2%▼ 265.9pp
2024 · 19.8%
2019: -37.7%
2020: 45.0%
2021: 55.5%
2022: 56.4%
2023: 46.2%
2024: 19.8%
2019 → 2025
Net result
€-15.06M▼ 4,743%
2024 · €-311k
2018: €-18k
2019: €-72k
2020: €316k
2021: €1.03M
2022: €2.28M
2023: €1.20M
2024: €-311k
2018 → 2025
Working capital
€2.37M
2024 · €-5.34M
2018: €101k
2019: €-319k
2020: €1.85M
2021: €1.85M
2022: €5.62M
2023: €-511k
2024: €-5.34M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€2.74M-€5.16M▲ 88.5%€4.54M▼ 12.0%€4.43M▼ 2.3%€5.22M▲ 17.8%
Equity€8.18M-€11.35M▲ 38.7%€15.25M▲ 34.3%€14.94M▼ 2.0%€18.57M▲ 24.3%
Operating result€1.52M-€2.91M▲ 91.4%€2.09M▼ 27.9%€877k▼ 58.1%€-12.85M
Net result€1.03M-€2.28M▲ 122%€1.20M▼ 47.2%€-311k€-15.06M▼ 4,743%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €12.85M after €877k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €102.08M
Fixed assets
€97.40M ▲ 21.9%
Current assets
€4.68M ▲ 50.4%
Equity and liabilities €102.08M
Equity
€18.57M ▲ 24.3%
Provisions
€358k ▲ 92.5%
Debt
€83.16M ▲ 22.5%
Debt's share of the balance-sheet total falls from 81.8% to 81.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€-9.80M▼
2024 · €2.71M
Cash flow
€-12.01M▼
2024 · €1.52M
Current ratio
2.03▲
2024 · 0.37
Debt to equity
4.48▼
2024 · 4.55
ROE
-81.1%▼
2024 · -2.1%
ROA
-14.8%▼
2024 · -0.4%
Interest coverage
-4.20▼
2024 · 2.18
Debt ≤ 1 year
€2.30M▼
2024 · €8.45M
Debt > 1 year
€76.11M▲
2024 · €55.10M
Income taxes
€0
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 · 58 lines
Balance sheet
Code20242025
Assets
Total assets20/58€83.03M€102.08M▲
Formation expenses20-€4k
Fixed assets21/28€79.93M€97.40M▲
Tangible fixed assets22/27€79.93M€97.40M▲
Plant, machinery and equipment23€34.21M€62.21M▲
Assets under construction and advance payments27€45.71M€35.20M▼
Current assets29/58€3.11M€4.68M▲
Amounts receivable within one year40/41€1.45M€3.57M▲
Trade receivables40€1.24M€2.01M▲
Other amounts receivable41€213k€1.56M▲
Cash at bank and in hand54/58€1.46M€849k▼
Deferred charges and accrued income490/1€203k€260k▲
Equity and liabilities
Total equity and liabilities10/49€83.03M€102.08M▲
Equity10/15€14.94M€18.57M▲
Contributions10/11€15.00M€33.69M▲
Reserves13€237k€237k=
Non-distributable reserves130/1€237k€237k=
Reserves not available under the articles1311€237k€237k=
Profit (loss) carried forward14€-301k€-15.36M▼
Provisions and deferred taxes16€186k€358k▲
Provisions for liabilities and charges160/5€186k€358k▲
Environmental obligations163€186k€358k▲
Amounts payable17/49€67.91M€83.16M▲
Amounts payable after more than one year17€55.10M€76.11M▲
Financial debts170/4€55.10M€76.11M▲
Other loans174€55.10M€76.11M▲
Amounts payable within one year42/48€8.45M€2.30M▼
Trade debts44€8.45M€2.28M▼
Suppliers440/4€8.45M€2.28M▼
Taxes, remuneration and social security45-€25k
Taxes450/3-€25k
Other amounts payable47/48-€6
Accrued charges and deferred income492/3€4.36M€4.75M▲
Income statement
Code20242025
Operating income70/76A€4.45M€5.22M▲
Turnover70€4.43M€5.22M▲
Other operating income74€21k€165▼
Operating charges60/66A€3.58M€18.07M▲
Services and other goods61€1.45M€2.04M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.84M€3.05M▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€50k€172k▲
Other operating charges640/8€141k€387k▲
Non-recurring operating charges66A€96k€12.42M▲
Operating profit (loss)9901€877k€-12.85M▼
Financial income75/76B€63k€127k▲
Recurring financial income75€63k€127k▲
Income from current assets751€63k€127k▲
Other financial income752/9-€1
Financial charges65/66B€1.25M€2.34M▲
Recurring financial charges65€1.25M€2.34M▲
Debt charges650€1.24M€2.33M▲
Other financial charges652/9€10k€7k▼
Profit (loss) for the period before taxes9903€-311k€-15.06M▼
Income taxes67/77-€0
Taxes670/3-€0
Profit (loss) for the period9904€-311k€-15.06M▼
Profit (loss) for the period to be appropriated9905€-311k€-15.06M▼
Appropriation of the result
Profit (loss) to be appropriated9906€-301k€-15.36M▼
Profit (loss) brought forward from the previous period14P€10k€-301k▼
The notes to these accounts (47 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
07-08
State Gazette act
Resignations: Sarah Gillard, Michel Mullens and Olivier BontemsAppointments: Muriel Flamand, Denis Collard and Chloé Defise · Mandate compensation8 facts ▸
State Gazette act
Resignations: Sarah Gillard, Michel Mullens and Olivier Bontems
Appointments: Muriel Flamand, Denis Collard and Chloé Defise · Mandate compensation8 facts ▸
- General meeting, 16/06/2026
- Director resignation, Sarah Gillard (class B director)
- Director resignation, Michel Mullens (class B director)
- Director appointment, Muriel Flamand (class B director)
- Director appointment, Denis Collard (class B director)
- Director resignation, Olivier Bontems (class B director)
- Director appointment, Chloé Defise (class B director)
- Mandate compensation, ActiVent Wallonie
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-15.06M
Net result drops to €-15.06M, the lowest in the series.
31-12
Financial
Liquidity times 6current ratio 2.03
Current ratio from 0.37 to 2.03; short-term debt falls from €8.45M to €2.30M.
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema
2022
31-12
Financial
Highest result since 2018net €2.28M ▲122%
Operating result €2.91M, net result €2.28M, both a record.
31-12
Financial
Equity above €10MEq €11.35M ▲38.7%
3 profitable years in a row build equity to €11.35M.
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema
2021
31-12
Financial
Equity above €5MEq €8.18M ▲70.4%
2 profitable years in a row build equity to €8.18M.
28-05
NBB filing
Annual accounts filed
fiscal year 2020 · unclassified schema
Show earlier events
2020
31-12
Financial
Back to profitnet €316k
Net result €316k after 2 loss-making years.
31-12
Financial
Liquidity quadruplescurrent ratio 3.69
Current ratio from 0.84 to 3.69; short-term debt falls from €1.98M to €690k.
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €2MEq €2.58M ▲168%
Equity rises from €965k to €2.58M.
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
under verification, no change since 2025
This board is reconstructed from a single act (26101451). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Chloé Defise
CurrentClass B director · since 25-11-2025
Denis Collard
CurrentClass B director · since 14-10-2025
Muriel Flamand
CurrentClass B director · since 14-10-2025
25-11-2025
Chloé Defise: Appointed as Class B director
28-10-2025
Olivier Bontems: Resigned as Class B director
14-10-2025
Denis Collard: Appointed as Class B director
14-10-2025
Muriel Flamand: Appointed as Class B director
24-06-2025
Michel MULLENS: Resigned as Class B director
Location & real-estate footprint
Registered office, Charleroi · 1 establishment unit since 2017
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.
Boulevard Pierre Mayence 16000 CharleroiGround area
2,271 m²
Building footprint
763 m²
Volume, LiDAR
23,407 m³
Parcel 52011B0239/00B155, Wallonia · tallest building 33.8 m, ±11 floors. Linked by address, not a title deed.
1 establishment unit
ActiVent Wallonie
since 20172.271.744.255
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52011B0239/00B155 | Wallonia | 2,271 m² | 1 · 763 m² | 33.8 m · 11 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.
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LUMINUS WIND TOGETHER
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COURANT D'AIR
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Of 150 companies in sector 35120 we hold annual accounts for 80. 26 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 formPrivate limited company
Founded31-10-2017
Fiscal year end31-12
Activities, NACEBEL 2025
35120Electricity, gas, steam and air conditioning supply
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.