ACTIVE

COURANT D'AIR

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Financial year 2025 · Closed on 31/12/2025

Net result173,3 k €+17,4 %over 1 year

Gross margin896,4 k €-0,9 %over 1 year

Equity10 M €+26,0 %over 1 year

Workforce4,1 ETP-18,0 %over 1 year

Identity

Source · BCE/KBO

COURANT D'AIR is a Cooperative society incorporated in 2009. Its main activity is: Production of electricity. Its registered office is in Bütgenbach. It employs on average 4,1 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0822.180.314
Incorporation: 23/12/2009
Legal form: Cooperative society
Registered office: Elsenborn,Unter den Linden 5/E1
4750 Bütgenbach · WallonieSee on map
Contributed capital: 8 719 250,00 €
Latest accounts: 31/12/2025
Average workforce: 4,1 ETP

Activities (NACE)

35110Production of electricity· main 35120Transmission of electricity 35150Electric power generation, transmission and distribution 35160Electric power generation, transmission and distribution 43213Electrical installation 77110Rental and leasing of cars and light motor vehicles+1

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 16 filings

Trend over 16 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	896,4 k €	-0.9%	904,3 k €	-23.7%	1,2 M €	-17.6%	1,4 M €	+31.0%	1,1 M €
EBITDA	539,1 k €	+6.5%	506,2 k €	-38.5%	823,2 k €	-26.5%	1,1 M €	+44.7%	774,1 k €
Operating result	-177,2 k €	-1.7%	-174,3 k €	-219%	146,7 k €	-63.2%	398,1 k €	+139%	166,4 k €
Net result	173,3 k €	+17.4%	147,7 k €	-63.2%	400,9 k €	-31.3%	583,5 k €	+86.9%	312,3 k €
Balance sheet
Equity	10 M €	+26.0%	7,9 M €	+3.1%	7,7 M €	+3.7%	7,4 M €	+13.5%	6,5 M €
Total assets	13,5 M €	+13.0%	11,9 M €	+1.4%	11,8 M €	-0.1%	11,8 M €	+10.9%	10,6 M €
Cash	1,1 M €	+126%	475,3 k €	-37.8%	764,5 k €	-6.4%	817,2 k €	+93.8%	421,6 k €
Debts	2,8 M €	-16.9%	3,3 M €	-5.1%	3,5 M €	-9.0%	3,8 M €	+4.2%	3,7 M €
Other
Workforce	4,1 ETP	-18.0%	5,0 ETP	+4.2%	4,8 ETP	+9.1%	4,4 ETP	-8.3%	4,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

7 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Marc LEGRAS	Directorsince 28/04/2023
Michèle DETHIER	Directorsince 26/04/2024
Bernard PORTOIS	Directorsince 24/04/2015
Catharina KELLER	Directorsince 23/01/2024
Mario FICKERS	Directorsince 23/01/2024
Achim LANGER	Managing directorsince 23/12/2009
Mario HEUKEMES	Chairman of the board of directorssince 23/12/2009

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Cahtarina KELLER	Directorlisted until the 2023 accounts
Andrea JOST	Director30/04/2020 → 2020 accounts
PATRIMOINE NATURE0431.988.708Represented by Michèle DETHIER	Director23/12/2009 → 2014 accounts

Other companies at this address

Elsenborn,Unter den Linden 5/E1 4750 Bütgenbach

Company	CBE no.
WINDRÄDER AMEL-BÜLLINGEN● Active	1035.739.472
WINDRÄDER HEPSCHEIDER HEIDE● Active	1035.739.076
WINDRÄDER HONSFELDER VENN● Active	1035.739.670

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	21/05/2026	23/05/2025	22/05/2024	10/05/2023	25/05/2022	25/05/2021
General meeting	24/04/2026	25/04/2025	26/04/2024	27/04/2023	29/04/2022	29/04/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 16 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	24/04/2026	21/05/2026	German	PDF
Abridged model	31/12/2024	25/04/2025	23/05/2025	German	PDF
Abridged model	31/12/2023	26/04/2024	22/05/2024	German	PDF
Abridged model	31/12/2022	27/04/2023	10/05/2023	German	PDF
Abridged model	31/12/2021	29/04/2022	25/05/2022	German	PDF
Abridged model	31/12/2020	29/04/2021	25/05/2021	German	PDF
Abridged model	31/12/2019	25/04/2020	12/06/2020	German	PDF
Abridged model	31/12/2018	25/04/2019	23/05/2019	German	PDF
Abridged model	31/12/2017	20/04/2018	17/08/2018	German	PDF
Abridged model	31/12/2016	27/04/2017	06/07/2017	German	PDF
Abridged model	31/12/2015	22/04/2016	26/05/2016	German	PDF
Abridged model	31/12/2014	24/04/2015	21/05/2015	German	PDF
Abridged model	31/12/2013	25/04/2014	30/04/2014	German	PDF
Abridged model	31/12/2012	27/04/2013	22/05/2013	German	PDF
Abridged model	31/12/2011	21/04/2012	07/05/2012	French	PDF
Abridged model	31/12/2010	28/04/2011	05/05/2011	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

7 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Marc LEGRAS	Directorsince 28/04/2023
Michèle DETHIER	Directorsince 26/04/2024
Bernard PORTOIS	Directorsince 24/04/2015
Catharina KELLER	Directorsince 23/01/2024
Mario FICKERS	Directorsince 23/01/2024
Achim LANGER	Managing directorsince 23/12/2009
Mario HEUKEMES	Chairman of the board of directorssince 23/12/2009

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Cahtarina KELLER	Directorlisted until the 2023 accounts
Andrea JOST	Director30/04/2020 → 2020 accounts
PATRIMOINE NATURE0431.988.708Represented by Michèle DETHIER	Director23/12/2009 → 2014 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates23/01/2025
ENTLASSUNG - ERNENNUNG
PDF
Mandates10/06/2024
ENTLASSUNG - ERNENNUNG
PDF
Mandates15/03/2024
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates24/11/2023
ENTLASSUNG - ERNENNUNG
PDF
Mandates09/12/2022
ENTLASSUNG - ERNENNUNG
PDF
Mandates10/03/2021
ENTLASSUNG - ERNENNUNG
PDF
Mandates11/04/2016
ENTLASSUNG - ERNENNUNG
PDF
Mandates02/01/2015
ENTLASSUNG - ERNENNUNG
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings16 filings

Mandates

Michèle DETHIER

Marc LEGRAS

Catharina KELLER

Mario FICKERS

Bernard PORTOIS

Achim LANGER

Mario HEUKEMES

Cahtarina KELLER

Andrea JOST

PATRIMOINE NATURE

Philippe BONNERT

200920102011201220132014201520162017201820192020202120222023202420252026

COURANT D'AIR

Unter den Linden 5 bte E/1, 4750 ButgenbachWirtzfelder Straße 48, 4750 Butgenbach

Director

Managing director

Chairman of the board of directors

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Elsenborn,Unter den Linden 5/E1, 4750 ButgenbachCurrent		CBE
Unter den Linden 5 bte E/1, 4750 Butgenbach	accounts 2023 → 2025	Accounts 2025 · 2026-00117302
Wirtzfelder Straße 48, 4750 Butgenbach	accounts 2021 → 2022	Accounts 2022 · 2023-00084452

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
COURANT D'AIRCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00117302

Events

2025
Annual accounts 2025173,3 k €↑
2024
Annual accounts 2024147,7 k €↓
2023
Annual accounts 2023400,9 k €↓
2022
Annual accounts 2022583,5 k €↑
2021
Annual accounts 2021312,3 k €↑
2020
Annual accounts 2020237,9 k €↓
2019
Annual accounts 2019369,5 k €↑
2018
Annual accounts 2018218,5 k €↑
2017
Annual accounts 2017144,1 k €↓
2016
Annual accounts 2016168,6 k €↓
2015
Annual accounts 2015205,3 k €↑
2014
Annual accounts 2014198,2 k €↑
2013
Annual accounts 2013186,9 k €↓
2012
Annual accounts 2012210,5 k €↑
2011
Annual accounts 201167,7 k €↑
2010
Annual accounts 2010-32,4 k €
23/12/2009
IncorporationCooperative society

COURANT D'AIR

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline

Registered offices

Company names

Events