AV CHAUFFAGE
ActiveSummary
AV CHAUFFAGE has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €167k and a net result of €27k. Equity is growing by ~19.4% per year across the filed fiscal years. Its solvency ranks better than 29% of 7500 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability67▼-20
Solvency49▼-34
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 1.74 against 2.18 in 2024; short-term debt: 13.3% and cash: 11.7% of total assets), but 76.2% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← 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
23.8%
Return on assets
3.8%
Age of the figures
12 mo
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-05-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
on the day
2023
1 d early
2022
2 d late
2021
17 d late
2020
on the day
2019
3 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€167k▲ 19.2%
2024 · €140k
2018: €49klowest in 8 years
2019: €61k▲ +24.8% vs 2018
2020: €55k▼ -10.0% vs 2019
2021: €68k▲ +23.2% vs 2020
2022: €106k▲ +55.8% vs 2021
2023: €125k▲ +18.6% vs 2022
2024: €140k▲ +11.8% vs 2023
2025: €167k▲ +19.2% vs 2024highest in 8 years
2018 → 2025
Total assets
€699k▲ 188%
2024 · €243k
2018: €83klowest in 8 years
2019: €125k▲ +50.9% vs 2018
2020: €119k▼ -4.6% vs 2019
2021: €105k▼ -12.0% vs 2020
2022: €181k▲ +72.3% vs 2021
2023: €317k▲ +75.3% vs 2022
2024: €243k▼ -23.3% vs 2023
2025: €699k▲ +188% vs 2024highest in 8 years
2018 → 2025
Net result
€27k▼ 22.7%
2024 · €35k
2018: €12klowest in 8 years
2019: €29k▲ +137% vs 2018
2020: €36k▲ +23.9% vs 2019
2021: €33k▼ -9.6% vs 2020
2022: €55k▲ +67.7% vs 2021highest in 8 years
2023: €40k▼ -28.0% vs 2022
2024: €35k▼ -12.3% vs 2023
2025: €27k▼ -22.7% vs 2024
2018 → 2025
Working capital
€69k▼ 43.5%
2024 · €122k
2018: €33klowest in 8 years
2019: €80k▲ +142% vs 2018
2020: €91k▲ +14.7% vs 2019
2021: €56k▼ -39.0% vs 2020
2022: €98k▲ +75.2% vs 2021
2023: €104k▲ +6.4% vs 2022
2024: €122k▲ +16.9% vs 2023highest in 8 years
2025: €69k▼ -43.5% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€68k-€106k▲ 55.8%€125k▲ 18.6%€140k▲ 11.8%€167k▲ 19.2%
2021: €68klowest in 5 years
2022: €106k▲ +55.8% vs 2021
2023: €125k▲ +18.6% vs 2022
2024: €140k▲ +11.8% vs 2023
2025: €167k▲ +19.2% vs 2024highest in 5 years
Operating result€43k-€83k▲ 92.3%€66k▼ 20.4%€51k▼ 22.5%€57k▲ 10.3%
2021: €43klowest in 5 years
2022: €83k▲ +92.3% vs 2021highest in 5 years
2023: €66k▼ -20.4% vs 2022
2024: €51k▼ -22.5% vs 2023
2025: €57k▲ +10.3% vs 2024
Net result€33k-€55k▲ 67.7%€40k▼ 28.0%€35k▼ 12.3%€27k▼ 22.7%
2021: €33k
2022: €55k▲ +67.7% vs 2021highest in 5 years
2023: €40k▼ -28.0% vs 2022
2024: €35k▼ -12.3% vs 2023
2025: €27k▼ -22.7% vs 2024lowest in 5 years
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 10% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €699k
Fixed assets
€538k ▲ 2,849%
Current assets
€161k ▼ 28.1%
Equity and liabilities €699k
Equity
€167k ▲ 19.2%
Debt
€533k ▲ 417%
Debt's share of the balance-sheet total rises from 42.4% to 76.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€97k▲
2024 · €59k
Cash flow
€67k▲
2024 · €43k
Current ratio
1.74▼
2024 · 2.18
Debt to equity
3.20▲
2024 · 0.74
ROE
16.1%▼
2024 · 24.8%
ROA
3.8%▼
2024 · 14.3%
Interest coverage
5.21▼
2024 · 7.95
Debt ≤ 1 year
€93k▼
2024 · €103k
Debt > 1 year
€440k
Income taxes
€11k▲
2024 · €10k
Staff costs
€29k▲
2024 · €26k
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 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€243k€699k▲
Fixed assets21/28€18k€538k▲
Tangible fixed assets22/27€18k€538k▲
Land and buildings22-€525k
Plant, machinery and equipment23€6k€4k▼
Furniture and vehicles24€12k€9k▼
Current assets29/58€225k€161k▼
Amounts receivable within one year40/41€83k€59k▼
Trade receivables40€64k€40k▼
Other amounts receivable41€19k€18k▼
Cash at bank and in hand54/58€117k€82k▼
Deferred charges and accrued income490/1€25k€21k▼
Equity and liabilities
Total equity and liabilities10/49€243k€699k▲
Equity10/15€140k€167k▲
Contributions10/11€20k€20k=
Reserves13€114k€141k▲
Distributable reserves133€114k€141k▲
Profit (loss) carried forward14€6k€6k=
Amounts payable17/49€103k€533k▲
Amounts payable after more than one year17-€440k
Financial debts170/4-€440k
Amounts payable within one year42/48€103k€93k▼
Current portion of amounts payable after more than one year42-€21k
Financial debts43€5k€7k▲
Credit institutions430/8€5k€7k▲
Trade debts44€43k€41k▼
Suppliers440/4€43k€41k▼
Advances received on contracts in progress46€33k-
Taxes, remuneration and social security45€2k€4k▲
Taxes450/3-€2k
Remuneration and social security454/9€2k€1k▼
Other amounts payable47/48€20k€20k▲
Income statement
Code20242025
Remuneration, social security and pensions62€26k€29k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€40k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€120
Other operating charges640/8€871€6k▲
Non-recurring operating charges66A-€157
Gross operating margin9900€86k€132k▲
Operating profit (loss)9901€51k€57k▲
Financial income75/76B€259€106▼
Recurring financial income75€259€106▼
Financial charges65/66B€7k€19k▲
Recurring financial charges65€7k€19k▲
Profit (loss) for the period before taxes9903€44k€38k▼
Income taxes67/77€10k€11k▲
Profit (loss) for the period9904€35k€27k▼
Profit (loss) for the period to be appropriated9905€35k€27k▼
Appropriation of the result
Profit (loss) to be appropriated9906€60k€33k▼
Profit (loss) brought forward from the previous period14P€26k€6k▼
Transfer to equity691/2€35k€27k▼
To other reserves6921€35k€27k▼
Profit to be distributed694/7€20k-
Return on contributions (dividend)694€20k-
The notes to these accounts (7 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €417 | €188 | €15k | €26k | €29k | ▲ 8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €6k | €7k | €8k | €40k | ▲ 413% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €120 | - |
| Other operating charges640/8 | €2k | €2k | €1k | €871 | €6k | ▲ 584% |
| Non-recurring operating charges66A | - | €3k | €1k | - | €157 | - |
| Gross operating margin9900 | €51k | €94k | €91k | €86k | €132k | ▲ 52.5% |
| Operating profit (loss)9901 | €43k | €83k | €66k | €51k | €57k | ▲ 10.3% |
| Financial income75/76B | €133 | - | €33 | €259 | €106 | ▼ 59.1% |
| Recurring financial income75 | €133 | - | €33 | €259 | €106 | ▼ 59.1% |
| Financial charges65/66B | €198 | €5k | €4k | €7k | €19k | ▲ 150% |
| Recurring financial charges65 | €198 | €5k | €4k | €7k | €19k | ▲ 150% |
| Profit (loss) for the period before taxes9903 | €43k | €78k | €62k | €44k | €38k | ▼ 13.6% |
| Income taxes67/77 | €11k | €23k | €23k | €10k | €11k | ▲ 19.8% |
| Profit (loss) for the period9904 | €33k | €55k | €40k | €35k | €27k | ▼ 22.7% |
| Profit (loss) for the period to be appropriated9905 | €33k | €55k | €40k | €35k | €27k | ▼ 22.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €105k | €181k | €317k | €243k | €699k | ▲ 188% |
| Fixed assets21/28 | €12k | €8k | €21k | €18k | €538k | ▲ 2,849% |
| Tangible fixed assets22/27 | €12k | €8k | €21k | €18k | €538k | ▲ 2,849% |
| Land and buildings22 | - | - | - | - | €525k | - |
| Plant, machinery and equipment23 | €2k | €1k | €6k | €6k | €4k | ▼ 38.7% |
| Furniture and vehicles24 | €10k | €6k | €15k | €12k | €9k | ▼ 26.6% |
| Current assets29/58 | €93k | €173k | €296k | €225k | €161k | ▼ 28.1% |
| Stocks and contracts in progress3 | - | - | €22k | - | - | - |
| Stocks30/36 | - | - | €22k | - | - | - |
| Amounts receivable within one year40/41 | €25k | €24k | €185k | €83k | €59k | ▼ 29.1% |
| Trade receivables40 | €12k | €23k | €176k | €64k | €40k | ▼ 36.9% |
| Other amounts receivable41 | €13k | €1k | €9k | €19k | €18k | ▼ 3.0% |
| Cash at bank and in hand54/58 | €68k | €149k | €69k | €117k | €82k | ▼ 30.5% |
| Deferred charges and accrued income490/1 | - | - | €20k | €25k | €21k | ▼ 13.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €105k | €181k | €317k | €243k | €699k | ▲ 188% |
| Equity10/15 | €68k | €106k | €125k | €140k | €167k | ▲ 19.2% |
| Contributions10/11 | €20k | €20k | €20k | €20k | €20k | = |
| Reserves13 | €2k | €40k | €79k | €114k | €141k | ▲ 23.5% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | - | €38k | €79k | €114k | €141k | ▲ 23.5% |
| Profit (loss) carried forward14 | €46k | €46k | €26k | €6k | €6k | = |
| Amounts payable17/49 | €37k | €75k | €192k | €103k | €533k | ▲ 417% |
| Amounts payable after more than one year17 | - | - | - | - | €440k | - |
| Financial debts170/4 | - | - | - | - | €440k | - |
| Amounts payable within one year42/48 | €37k | €75k | €192k | €103k | €93k | ▼ 10.0% |
| Current portion of amounts payable after more than one year42 | €3k | - | €2k | - | €21k | - |
| Financial debts43 | - | €3k | €5k | €5k | €7k | ▲ 32.9% |
| Credit institutions430/8 | - | €3k | €5k | €5k | €7k | ▲ 32.9% |
| Trade debts44 | €7k | €39k | €131k | €43k | €41k | ▼ 5.8% |
| Suppliers440/4 | €7k | €39k | €131k | €43k | €41k | ▼ 5.8% |
| Advances received on contracts in progress46 | €5k | - | €31k | €33k | - | - |
| Taxes, remuneration and social security45 | €12k | €16k | €3k | €2k | €4k | ▲ 136% |
| Taxes450/3 | €7k | €16k | €2k | - | €2k | - |
| Remuneration and social security454/9 | €6k | - | €443 | €2k | €1k | ▼ 4.6% |
| Other amounts payable47/48 | €11k | €17k | €20k | €20k | €20k | ▲ 1.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33k | €55k | €40k | €35k | €27k | ▼ 22.7% |
| + Depreciation and write-downs630 | €6k | €6k | €7k | €8k | €40k | ▲ 413% |
| Operating cash flow (approximation) | €39k | €61k | €47k | €43k | €67k | ▲ 57.5% |
| Investment in fixed assets (approximation) | - | €-2k | €-21k | €-5k | €-560k | ▼ 11,141% |
| Change in cash | - | €81k | €-80k | €49k | €-36k | ▼ 174% |
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
2026
31-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
30-09
Financial
Equity above €150kEq €167k ▲19.2%
8 profitable years in a row build equity to €167k.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
30-09
Financial
Highest result since 2018net €55k ▲67.7%
Operating result €83k, net result €55k, both a record.
30-09
Financial
Equity above €100kEq €106k ▲55.8%
5 profitable years in a row build equity to €106k.
17-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
03-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 3 days late
2019
28-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
08-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Libin · 1 establishment unit since 2015
Ground area
1,515 m²
Building footprint
79 m²
Volume, LiDAR
426 m³
Parcel 84070A0572/00Y007, Wallonia · tallest building 6.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
AV CHAUFFAGE
since 20152.246.040.047
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84070A0572/00Y007 | Wallonia | 1,515 m² | 1 · 79 m² | 6.4 m · 2 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 29,779 companies in sector 41001 we hold annual accounts for 16,044. 12,455 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
Founded22-07-2015
Fiscal year end30-09
Activities, NACEBEL 2025
41001General construction of residential buildings
43222Installation of electric heating, air conditioning, cooling and ventilation
Contact
Phone
0475762774Libin
Scores and ratios are computed by Checked and are not a credit decision.