ACTIVE

CORDONA WIND

Financial year 2025 · closed on 31/03/2025
Net result
-472,9 k €
-641.8% YoY
Revenue
1,1 M €
-36.5% YoY
Equity
3,3 M €
-12.5% YoY

What does CORDONA WIND do?

CORDONA WIND is a Public limited company incorporated in 2007. Its main activity is: Production of electricity. Its registered office is in Wavre.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0888.975.306
Incorporation
24/04/2007
Legal form
Public limited company
Registered office
Chaussée de Huy 120 box A
1300 Wavre · WallonieSee on map
Contributed capital
3 388 500,00 €
Latest accounts
31/03/2025
Signals
Solid equityPositive cashflowPositive EBITDAHigh revenue
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 17 financial years

20252024202320212020201920182017201620152014201320122011201020092008
Income statement
Revenue1,1 M €1,8 M €4,8 M €2,3 M €2,7 M €2,4 M €1,1 M €
EBITDA620,8 k €1,4 M €4 M €1,9 M €2,4 M €2 M €943,8 k €22,8 k €-1,6 k €-1,7 k €-1,9 k €-2,1 k €-1,7 k €-2,9 k €-17,7 k €-3,1 k €-721 €
Operating result-273,5 k €349,3 k €2,7 M €761 k €1,3 M €925,6 k €669,3 k €22,8 k €-1,6 k €-1,7 k €-1,9 k €-2,1 k €-1,7 k €-2,9 k €-17,7 k €-3,1 k €-721 €
Net result-472,9 k €87,3 k €1,7 M €319,5 k €893,1 k €475,2 k €502,4 k €22,5 k €-1,8 k €-1,8 k €-2,1 k €-2,3 k €-2,4 k €-3,6 k €-18,6 k €-63,2 k €-753 €
Balance sheet
Equity3,3 M €3,8 M €3,8 M €3,8 M €3,7 M €3,6 M €349,3 k €-3,1 k €-25,6 k €-23,8 k €-22 k €-19,9 k €-17,6 k €-15,2 k €-11,6 k €7 k €60,2 k €
Total assets8,3 M €10 M €13 M €12,3 M €13,9 M €14,4 M €15,3 M €3,8 M €4,9 k €6,7 k €8,5 k €10,6 k €12,7 k €16,8 k €19,5 k €8,4 k €61,3 k €
Cash16,9 k €17,7 k €18,2 k €34,7 k €1,3 M €782,9 k €539,5 k €255,3 k €1,9 k €4 k €6,2 k €8,6 k €11 k €15,4 k €18,6 k €6,6 k €1,2 k €
Debts4,7 M €5,9 M €8,9 M €8,3 M €9,9 M €10,5 M €14,3 M €3,8 M €30,5 k €30,5 k €30,5 k €30,5 k €30,4 k €32 k €31 k €1,4 k €1,1 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/03/2025 · 4 active · 26 ended

Active mandates

ACLM

Managing director · since 17 mai 2024 · until 03 septembre 2029 · 0723.751.444

Represented by Arnaud JANVIER

Active
Jonathan COUVREUR

Managing director · since 08 juin 2021 · until 17 mai 2024

Active
AGENCE INTERCOMMUNALE DE DEVELOPPEMENT ECONOMIQUE DES ARRONDISSEMENTS DE TOURNAI, ATH ET DES COMMUNES AVOISINANTES

Director · since 22 février 2019 · until 03 septembre 2029 · 0241.098.844

Represented by Olivier Bontems

Active
ENECO WIND BELGIUM

Director · since 06 juin 2017 · until 03 septembre 2029 · 0475.012.760

Represented by Erwin Leeuwis

Active

Ended mandates

Jonathan COUVREUR

Managing director · since 08 juin 2021 · until 04 avril 2023

Ended
Jonathan COUVREUR

Managing director · since 08 juin 2021 · until 24 avril 2023

Ended
AGENCE INTERCOMMUNALE DE DEVELOPPEMENT ECONOMIQUE DES ARRONDISSEMENTS DE TOURNAI, ATH ET DES COMMUNES AVOISINANTES

Director · since 22 février 2019 · until 24 avril 2023 · 0241.098.844

Represented by Olivier Bontemps

Ended
AGENCE INTERCOMMUNALE DE DEVELOPPEMENT ECONOMIQUE DES ARRONDISSEMENTS DE TOURNAI, ATH ET DES COMMUNES AVOISINANTES

Director · since 22 février 2019 · until 04 septembre 2023 · 0241.098.844

Represented by Olivier Bontems

Ended
At this address

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Annual accounts

Full financial information

202520242023202120202019
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/04/202401/04/202301/01/202201/01/202101/01/202001/01/2019
Closing of the financial year31/03/202531/03/202431/03/202331/12/202131/12/202031/12/2019
Length of the financial year12 months12 months15 months12 months12 months12 months
Filing date01/10/202527/09/202420/10/202310/05/202222/06/202111/05/2020
General meeting01/09/202502/09/202404/09/202325/04/202208/06/202127/04/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

18 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/03/202501/09/202501/10/2025FrenchPDF
Full model31/03/202402/09/202427/09/2024FrenchPDF
Full model31/03/202304/09/202320/10/2023FrenchPDF
Full model31/12/202125/04/202210/05/2022FrenchPDF
Full model31/12/202008/06/202122/06/2021FrenchPDF
Full model31/12/201927/04/202011/05/2020FrenchPDF
Full model31/12/201823/04/201916/05/2019FrenchPDF
Full model31/12/201708/05/201825/06/2018FrenchPDF
Abridged model31/12/201606/06/201727/07/2017DutchPDF
Abridged model31/12/201506/06/201629/08/2016DutchPDF
Abridged model31/12/201401/06/201528/08/2015DutchPDF
Abridged model31/12/201302/06/201425/08/2014DutchPDF
Abridged model31/12/201203/06/201322/08/2013DutchPDF
Abridged model31/12/201104/06/201227/08/2012DutchPDF
Abridged model31/12/201006/06/201108/08/2011DutchPDF
Abridged model31/12/200907/06/201023/07/2010DutchPDF
Abridged model31/12/200802/06/200919/08/2009DutchPDF
Abridged model31/12/200702/06/200820/08/2008DutchPDF
Estimate

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.

Governance

Board of directors

Seen on filing of 31/03/2025 · 4 active · 26 ended

Active mandates

ACLM

Managing director · since 17 mai 2024 · until 03 septembre 2029 · 0723.751.444

Represented by Arnaud JANVIER

Active
Jonathan COUVREUR

Managing director · since 08 juin 2021 · until 17 mai 2024

Active
AGENCE INTERCOMMUNALE DE DEVELOPPEMENT ECONOMIQUE DES ARRONDISSEMENTS DE TOURNAI, ATH ET DES COMMUNES AVOISINANTES

Director · since 22 février 2019 · until 03 septembre 2029 · 0241.098.844

Represented by Olivier Bontems

Active
ENECO WIND BELGIUM

Director · since 06 juin 2017 · until 03 septembre 2029 · 0475.012.760

Represented by Erwin Leeuwis

Active

Ended mandates

Jonathan COUVREUR

Managing director · since 08 juin 2021 · until 04 avril 2023

Ended
Jonathan COUVREUR

Managing director · since 08 juin 2021 · until 24 avril 2023

Ended
AGENCE INTERCOMMUNALE DE DEVELOPPEMENT ECONOMIQUE DES ARRONDISSEMENTS DE TOURNAI, ATH ET DES COMMUNES AVOISINANTES

Director · since 22 février 2019 · until 24 avril 2023 · 0241.098.844

Represented by Olivier Bontemps

Ended
AGENCE INTERCOMMUNALE DE DEVELOPPEMENT ECONOMIQUE DES ARRONDISSEMENTS DE TOURNAI, ATH ET DES COMMUNES AVOISINANTES

Director · since 22 février 2019 · until 04 septembre 2023 · 0241.098.844

Represented by Olivier Bontems

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates13/02/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates08/07/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates28/11/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates12/10/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Other01/04/2022
    ANNEE COMPTABLE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates06/10/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates23/07/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates07/07/2021
    DEMISSIONS, NOMINATIONS
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025-472,9 k €
  2. 2024
    Annual accounts 202487,3 k €
  3. 2023
    Annual accounts 20231,7 M €
  4. 2021
    Annual accounts 2021319,5 k €
  5. 2020
    Annual accounts 2020893,1 k €
  6. 2019
    Annual accounts 2019475,2 k €
  7. 2018
    Annual accounts 2018502,4 k €
  8. 2017
    Annual accounts 201722,5 k €
  9. 2016
    Annual accounts 2016-1,8 k €
  10. 2015
    Annual accounts 2015-1,8 k €
  11. 2014
    Annual accounts 2014-2,1 k €
  12. 2013
    Annual accounts 2013-2,3 k €
  13. 2012
    Annual accounts 2012-2,4 k €
  14. 2011
    Annual accounts 2011-3,6 k €
  15. 2010
    Annual accounts 2010-18,6 k €
  16. 2009
    Annual accounts 2009-63,2 k €
  17. 2008
    Annual accounts 2008-753 €
  18. 24/04/2007
    IncorporationPublic limited company