ADV Cool/Heat Technics
ActiveThe computed 12-month bankruptcy probability of ADV Cool/Heat Technics is 2.5% (moderate). The 2024 annual accounts show equity of €44k and a net result of €21k. Equity is growing by ~82.2% per year across the filed fiscal years. Its solvency ranks better than 76% of 36373 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
81
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency96▲+21
Growth78=
Track record94
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 3.33 against 2.0 in 2023; short-term debt: 20.5% and cash: 40.3% of total assets), and 29.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-08-2025, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
25 d late
2023
28 d late
2022
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€44k▲ 86.8%
2023 · €24k
2022: €5k
2023: €24k
2022 → 2024
Total assets
€63k▲ 33.1%
2023 · €47k
2022: €16k
2023: €47k
2022 → 2024
Net result
€21k▲ 11.9%
2023 · €18k
2022: €1k
2023: €18k
2022 → 2024
Working capital
€30k▲ 149%
2023 · €12k
2022: €4k
2023: €12k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€5k-€24k▲ 346%€44k▲ 86.8%
Operating result€1k-€20k▲ 1,370%€25k▲ 27.4%
Net result€1k-€18k▲ 1,280%€21k▲ 11.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2024 is 27% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €63k
Fixed assets
€20k▼ 13.9%
Current assets
€43k▲ 78.4%
Equity and liabilities €63k
Equity
€44k▲ 86.8%
Debt
€18k▼ 21.3%
The debt ratio falls from 49.7% to 29.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€31k▲
2023 · €21k
Cash flow
€26k▲
2023 · €20k
Solvency
70.6%▲
2023 · 50.3%
Current ratio
3.33▲
2023 · 2.00
Quick ratio
3.33▲
2023 · 2.00
Debt / equity
0.42▼
2023 · 0.99
ROE
46.5%▼
2023 · 77.6%
ROA
32.8%▼
2023 · 39.0%
Interest coverage
38.79▲
2023 · 21.28
Debt
€18k▼
2023 · €23k
Debt ≤ 1 year
€13k▲
2023 · €12k
Debt > 1 year
€6k▼
2023 · €11k
Income taxes
€4k▲
2023 · €361
Staff costs
€738▲
2023 · €644
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€47k€63k▲
Fixed assets21/28€23k€20k▼
Tangible fixed assets22/27€22k€19k▼
Plant, machinery and equipment23-€800
Furniture and vehicles24€22k€18k▼
Financial fixed assets28€1k€1k=
Current assets29/58€24k€43k▲
Amounts receivable within one year40/41€16k€18k▲
Trade receivables40€10k€15k▲
Other amounts receivable41€6k€3k▼
Cash at bank and in hand54/58€8k€25k▲
Equity and liabilities
Total equity and liabilities10/49€47k€63k▲
Equity10/15€24k€44k▲
Contributions10/11€4k€4k=
Reserves13€20k€40k▲
Distributable reserves133€20k€40k▲
Amounts payable17/49€23k€18k▼
Amounts payable after more than one year17€11k€6k▼
Financial debts170/4€11k€6k▼
Amounts payable within one year42/48€12k€13k▲
Current portion of amounts payable after more than one year42€6k€6k▲
Trade debts44€1k€6k▲
Suppliers440/4€1k€6k▲
Other amounts payable47/48€5k€787▼
Income statement
Code20232024
Remuneration, social security and pensions62€644€738▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€6k▲
Other operating charges640/8€1k€998▼
Gross operating margin9900€23k€32k▲
Operating profit (loss)9901€20k€25k▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€984€793▼
Recurring financial charges65€984€793▼
Profit (loss) for the period before taxes9903€19k€24k▲
Income taxes67/77€361€4k▲
Profit (loss) for the period9904€18k€21k▲
Profit (loss) for the period to be appropriated9905€18k€21k▲
Appropriation of the result
Profit (loss) to be appropriated9906€18k€21k▲
Transfer to equity691/2€18k€21k▲
To other reserves6921€18k€21k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Highest result since 2022net €21k ▲11.9%
Operating result €25k, net result €21k, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Eeklo · 1 establishment unit since 2022
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.
Zandvleuge 39900 EekloGround area
828 m²
Building footprint
187 m²
Volume, LiDAR
1,864 m³
Parcel 43352E0245/00V000, Flanders · tallest building 14.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ADV Cool/Heat Technics
since 20222.328.192.317
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43352E0245/00V000 | Flanders | 828 m² | 1 · 187 m² | 14.6 m · 3 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 285 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 285 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 9,530 companies in sector 43222 we hold annual accounts for 5,661. 4,427 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-01-2022
Fiscal year end31-12
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43240Other construction installation
43291Specialised construction activities
43299Specialised construction activities
43410Roofing work
46842Wholesale trade
47540Retail sale of electrical household appliances
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:andy.de.vriendt@telenet.be