"AR CHAUFFAGE"
ActiveSummary
The computed 12-month bankruptcy probability of "AR CHAUFFAGE" is 2.2% (moderate). The 2025 annual accounts show equity of €53k and a net result of €28k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 49% of 27965 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability99▲+6
Solvency71▲+16
Growth78=
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 1.78 against 1.39 in 2024; short-term debt: 53.8% and cash: 5.3% of total assets), but 53.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
202122232425
2020 to 2025 · latest year €53k
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 12-11-2025, 12 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 · 6 filingsDeviation from the deadline
2025
12 d late
2024
2 d early
2023
1 d early
2022
2 d late
2021
17 d late
2020
26 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€53k▲ 112%
2024 · €25k
2020: €22k
2021: €4▼ -100.0% vs 2020
2022: €-11k▼ -321533% vs 2021lowest in 6 years
2023: €28k▲ +349% vs 2022
2024: €25k▼ -11.8% vs 2023
2025: €53k▲ +112% vs 2024highest in 6 years
2020 → 2025
Total assets
€115k▲ 36.0%
2024 · €84k
2020: €62klowest in 6 years
2021: €114k▲ +83.7% vs 2020
2022: €134k▲ +17.2% vs 2021highest in 6 years
2023: €62k▼ -53.5% vs 2022
2024: €84k▲ +35.9% vs 2023
2025: €115k▲ +36.0% vs 2024
2020 → 2025
Net result
€28k▲ 68.3%
2024 · €17k
2020: €16k
2021: €-22k▼ -238% vs 2020lowest in 6 years
2022: €-11k▲ +49.5% vs 2021
2023: €40k▲ +449% vs 2022highest in 6 years
2024: €17k▼ -58.0% vs 2023
2025: €28k▲ +68.3% vs 2024
2020 → 2025
Working capital
€48k▲ 110%
2024 · €23k
2020: €23k
2021: €-8k▼ -136% vs 2020
2022: €-15k▼ -74.3% vs 2021lowest in 6 years
2023: €27k▲ +283% vs 2022
2024: €23k▼ -14.9% vs 2023
2025: €48k▲ +110% vs 2024highest in 6 years
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€4-€-11k€28k€25k▼ 11.8%€53k▲ 112%
2021: €4
2022: €-11k▼ -321533% vs 2021lowest in 5 years
2023: €28k▲ +349% vs 2022
2024: €25k▼ -11.8% vs 2023
2025: €53k▲ +112% vs 2024highest in 5 years
Operating result€-23k-€-11k▲ 51.0%€42k€20k▼ 53.4%€37k▲ 90.1%
2021: €-23klowest in 5 years
2022: €-11k▲ +51.0% vs 2021
2023: €42k▲ +471% vs 2022highest in 5 years
2024: €20k▼ -53.4% vs 2023
2025: €37k▲ +90.1% vs 2024
Net result€-22k-€-11k▲ 49.5%€40k€17k▼ 58.0%€28k▲ 68.3%
2021: €-22klowest in 5 years
2022: €-11k▲ +49.5% vs 2021
2023: €40k▲ +449% vs 2022highest in 5 years
2024: €17k▼ -58.0% vs 2023
2025: €28k▲ +68.3% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 90% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €115k
Fixed assets
€5k ▲ 133%
Current assets
€110k ▲ 33.6%
Equity and liabilities €115k
Equity
€53k ▲ 112%
Debt
€62k ▲ 4.0%
Debt's share of the balance-sheet total falls from 70.4% to 53.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€39k▲
2024 · €20k
Cash flow
€30k▲
2024 · €17k
Current ratio
1.78▲
2024 · 1.39
Quick ratio
1.69▲
2024 · 1.24
Debt to equity
1.17▼
2024 · 2.38
ROE
52.9%▼
2024 · 66.7%
ROA
24.4%▲
2024 · 19.7%
Interest coverage
201.18▲
2024 · 85.31
Debt ≤ 1 year
€62k▲
2024 · €59k
Income taxes
€12k▲
2024 · €5k
Staff costs
€83k▲
2024 · €60k
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 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€84k€115k▲
Fixed assets21/28€2k€5k▲
Tangible fixed assets22/27€2k€5k▲
Plant, machinery and equipment23€611€246▼
Furniture and vehicles24€1k€5k▲
Current assets29/58€82k€110k▲
Stocks and contracts in progress3€9k€6k▼
Stocks30/36€9k€6k▼
Amounts receivable within one year40/41€37k€92k▲
Trade receivables40€9k€16k▲
Other amounts receivable41€28k€76k▲
Cash at bank and in hand54/58€30k€6k▼
Deferred charges and accrued income490/1€6k€6k▼
Equity and liabilities
Total equity and liabilities10/49€84k€115k▲
Equity10/15€25k€53k▲
Contributions10/11€6k€6k=
Profit (loss) carried forward14€19k€47k▲
Amounts payable17/49€59k€62k▲
Amounts payable within one year42/48€59k€62k▲
Current portion of amounts payable after more than one year42€252-
Trade debts44€23k€35k▲
Suppliers440/4€23k€35k▲
Taxes, remuneration and social security45€16k€27k▲
Taxes450/3€2k€12k▲
Remuneration and social security454/9€13k€15k▲
Other amounts payable47/48€20k-
Income statement
Code20242025
Non-recurring operating income76A€3k-
Remuneration, social security and pensions62€60k€83k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€512€2k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€230€1k▲
Other operating charges640/8€404€602▲
Non-recurring operating charges66A€319-
Gross operating margin9900€81k€124k▲
Operating profit (loss)9901€20k€37k▲
Financial income75/76B€2k€3k▲
Recurring financial income75€2k€3k▲
Non-recurring financial income76B€2k€3k▲
Financial charges65/66B€235€193▼
Recurring financial charges65€235€193▼
Profit (loss) for the period before taxes9903€22k€40k▲
Income taxes67/77€5k€12k▲
Profit (loss) for the period9904€17k€28k▲
Profit (loss) for the period to be appropriated9905€17k€28k▲
Appropriation of the result
Profit (loss) to be appropriated9906€39k€47k▲
Profit (loss) brought forward from the previous period14P€22k€19k▼
Profit to be distributed694/7€20k-
Return on contributions (dividend)694€20k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €3k | - | - |
| Remuneration, social security and pensions62 | - | €5k | €18k | €60k | €83k | ▲ 38.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €8k | €5k | €512 | €2k | ▲ 245% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €230 | €1k | ▲ 487% |
| Other operating charges640/8 | - | €881 | €565 | €404 | €602 | ▲ 49.0% |
| Non-recurring operating charges66A | - | - | - | €319 | - | - |
| Gross operating margin9900 | €-10k | €3k | €66k | €81k | €124k | ▲ 52.5% |
| Operating profit (loss)9901 | €-23k | €-11k | €42k | €20k | €37k | ▲ 90.1% |
| Financial income75/76B | - | €509 | €619 | €2k | €3k | ▲ 37.1% |
| Recurring financial income75 | - | €509 | €619 | €2k | €3k | ▲ 37.1% |
| Non-recurring financial income76B | - | €509 | €619 | €2k | €3k | ▲ 37.1% |
| Financial charges65/66B | - | €355 | €224 | €235 | €193 | ▼ 17.7% |
| Recurring financial charges65 | €177 | €139 | €224 | €235 | €193 | ▼ 17.7% |
| Non-recurring financial charges66B | - | €216 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €-22k | €-11k | €42k | €22k | €40k | ▲ 85.7% |
| Income taxes67/77 | €165 | €194 | €3k | €5k | €12k | ▲ 145% |
| Profit (loss) for the period9904 | €-22k | €-11k | €40k | €17k | €28k | ▲ 68.3% |
| Profit (loss) for the period to be appropriated9905 | €-22k | €-11k | €40k | €17k | €28k | ▲ 68.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €114k | €134k | €62k | €84k | €115k | ▲ 36.0% |
| Fixed assets21/28 | €14k | €6k | €2k | €2k | €5k | ▲ 133% |
| Tangible fixed assets22/27 | €14k | €6k | €2k | €2k | €5k | ▲ 133% |
| Plant, machinery and equipment23 | - | - | €976 | €611 | €246 | ▼ 59.7% |
| Furniture and vehicles24 | - | €6k | €716 | €1k | €5k | ▲ 214% |
| Current assets29/58 | €100k | €127k | €60k | €82k | €110k | ▲ 33.6% |
| Stocks and contracts in progress3 | - | €3k | €11k | €9k | €6k | ▼ 33.7% |
| Stocks30/36 | - | €3k | €11k | €9k | €6k | ▼ 33.7% |
| Amounts receivable within one year40/41 | €38k | €32k | €21k | €37k | €92k | ▲ 149% |
| Trade receivables40 | - | €24k | €10k | €9k | €16k | ▲ 80.8% |
| Other amounts receivable41 | - | €8k | €11k | €28k | €76k | ▲ 171% |
| Cash at bank and in hand54/58 | €59k | €90k | €29k | €30k | €6k | ▼ 79.8% |
| Deferred charges and accrued income490/1 | - | €2k | €112 | €6k | €6k | ▼ 9.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €114k | €134k | €62k | €84k | €115k | ▲ 36.0% |
| Equity10/15 | €4 | €-11k | €28k | €25k | €53k | ▲ 112% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Profit (loss) carried forward14 | €-6k | €-18k | €22k | €19k | €47k | ▲ 150% |
| Amounts payable17/49 | €114k | €145k | €34k | €59k | €62k | ▲ 4.0% |
| Amounts payable after more than one year17 | €6k | €3k | €271 | - | - | - |
| Financial debts170/4 | - | €3k | €271 | - | - | - |
| Amounts payable within one year42/48 | €108k | €142k | €33k | €59k | €62k | ▲ 4.0% |
| Current portion of amounts payable after more than one year42 | - | €3k | €3k | €252 | - | - |
| Trade debts44 | €15k | €39k | €7k | €23k | €35k | ▲ 50.4% |
| Suppliers440/4 | - | €39k | €7k | €23k | €35k | ▲ 50.4% |
| Advances received on contracts in progress46 | - | €7k | - | - | - | - |
| Taxes, remuneration and social security45 | - | €5k | €10k | €16k | €27k | ▲ 73.4% |
| Taxes450/3 | - | €2k | €4k | €2k | €12k | ▲ 381% |
| Remuneration and social security454/9 | - | €3k | €6k | €13k | €15k | ▲ 16.9% |
| Other amounts payable47/48 | - | €88k | €13k | €20k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-22k | €-11k | €40k | €17k | €28k | ▲ 68.3% |
| + Depreciation and write-downs630 | €10k | €8k | €5k | €512 | €2k | ▲ 245% |
| Operating cash flow (approximation) | €-12k | €-3k | €45k | €17k | €30k | ▲ 73.6% |
| Investment in fixed assets (approximation) | - | €0 | €-1k | €-890 | €-5k | ▼ 409% |
| Change in cash | - | €31k | €-61k | €1k | €-24k | ▼ 1,773% |
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
2025
12-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 12 days late
2024
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Back to profitnet €40k
Net result €40k after 2 loss-making years.
31-03
Financial
Liquidity doublescurrent ratio 1.80
Current ratio from 0.90 to 1.80; short-term debt falls from €142k to €33k.
2022
02-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2021
17-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
31-03
Financial
Weakest financial yearnet €-22k
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
2020
26-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Mons · 1 establishment unit since 2018
Ground area
4.0 ha
Building footprint
4.5 ha
Volume, LiDAR
489,968 m³
Parcel 53030D0160/00N000, Wallonia · tallest building 15.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
AR Chauffages
since 20182.280.679.242
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53030D0160/00N000 | Wallonia | 4.0 ha | 1 · 4.5 ha | 15.1 m · 4 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 9,528 companies in sector 43222 we hold annual accounts for 5,663. 4,604 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-10-2018
Fiscal year end31-03
Activities, NACEBEL 2025
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
43221Plumbing work
Scores and ratios are computed by Checked and are not a credit decision.