BM HEATING
ActiveSummary
The computed 12-month bankruptcy probability of BM HEATING is 3.1% (moderate). The 2024 annual accounts show equity of €14k and a net result of €6k. Its solvency ranks better than 29% of 36375 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability84▼-8
Solvency52▼-26
Growth78
Track record94
Bankruptcy probability, 12 months
3.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.28 against 2.15 in 2023; short-term debt: 33.4% and cash: 15.7% of total assets), and 72.7% 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.
+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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
27.3%
Return on assets
12.1%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-08-2025, 22 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
22 d late
2023
62 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€14k▲ 79.6%
2023 · €8k
Total assets
€51k▲ 252%
2023 · €14k
Net result
€6k▲ 125%
2023 · €3k
Working capital
€5k▼ 39.5%
2023 · €8k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20232024
Operating result€5k-€9k▲ 80.2%
Net result€3k-€6k▲ 125%
Equity€8k-€14k▲ 79.6%
Total assets€14k-€51k▲ 252%
Debt€7k-€37k▲ 450%
Working capital€8k-€5k▼ 39.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2024; 2024 is 80% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €51k
Fixed assets
€29k
Current assets
€22k
Equity and liabilities €51k
Equity
€14k ▲ 79.6%
Debt
€37k ▲ 450%
Debt's share of the balance-sheet total rises from 46.5% to 72.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€12k▲
2023 · €7k
Cash flow
€9k▲
2023 · €5k
Current ratio
1.28▼
2023 · 2.15
Debt to equity
2.66▲
2023 · 0.87
ROE
44.3%▲
2023 · 35.4%
ROA
12.1%▼
2023 · 18.9%
Interest coverage
11.32▼
2023 · 176.03
Debt ≤ 1 year
€17k▲
2023 · €7k
Debt > 1 year
€20k
Income taxes
€2k▼
2023 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €3k | ▲ 36.5% |
| Other operating charges640/8 | €1k | €1k | ▲ 24.5% |
| Gross operating margin9900 | €8k | €13k | ▲ 62.7% |
| Operating profit (loss)9901 | €5k | €9k | ▲ 80.2% |
| Financial income75/76B | - | €10 | - |
| Recurring financial income75 | - | €10 | - |
| Financial charges65/66B | €40 | €1k | ▲ 2,521% |
| Recurring financial charges65 | €40 | €1k | ▲ 2,521% |
| Profit (loss) for the period before taxes9903 | €5k | €8k | ▲ 61.4% |
| Income taxes67/77 | €2k | €2k | ▼ 11.3% |
| Profit (loss) for the period9904 | €3k | €6k | ▲ 125% |
| Profit (loss) for the period to be appropriated9905 | €3k | €6k | ▲ 125% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €14k | €51k | ▲ 252% |
| Fixed assets21/28 | - | €29k | - |
| Tangible fixed assets22/27 | - | €29k | - |
| Land and buildings22 | - | €2k | - |
| Leasing and similar rights25 | - | €28k | - |
| Current assets29/58 | €14k | €22k | ▲ 49.9% |
| Amounts receivable within one year40/41 | €9k | €13k | ▲ 39.1% |
| Trade receivables40 | €5k | €6k | ▲ 33.5% |
| Other amounts receivable41 | €5k | €7k | ▲ 44.3% |
| Cash at bank and in hand54/58 | €5k | €8k | ▲ 57.4% |
| Deferred charges and accrued income490/1 | - | €641 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €14k | €51k | ▲ 252% |
| Equity10/15 | €8k | €14k | ▲ 79.6% |
| Contributions10/11 | €5k | €5k | = |
| Profit (loss) carried forward14 | €3k | €9k | ▲ 225% |
| Amounts payable17/49 | €7k | €37k | ▲ 450% |
| Amounts payable after more than one year17 | - | €20k | - |
| Financial debts170/4 | - | €20k | - |
| Amounts payable within one year42/48 | €7k | €17k | ▲ 153% |
| Current portion of amounts payable after more than one year42 | - | €5k | - |
| Trade debts44 | €4k | €8k | ▲ 77.0% |
| Suppliers440/4 | €4k | €8k | ▲ 77.0% |
| Taxes, remuneration and social security45 | €2k | €5k | ▲ 88.7% |
| Taxes450/3 | €2k | €5k | ▲ 88.7% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €6k | ▲ 125% |
| + Depreciation and write-downs630 | €2k | €3k | ▲ 36.5% |
| Operating cash flow (approximation) | €5k | €9k | ▲ 89.0% |
| Change in cash | - | €3k | - |
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
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
01-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 62 days late
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Kalmthout · 1 establishment unit since 2023
Ground area
2,463 m²
Building footprint
106 m²
Volume, LiDAR
556 m³
Parcel 11662E0256/00E002, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BM HEATING
since 20232.344.698.153
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11662E0256/00E002 | Flanders | 2,463 m² | 1 · 106 m² | 8.2 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.
Similar companies · same sector, comparable size
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HM TECH
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AZ-TEK
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EQUANO
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Of 7,044 companies in sector 43221 we hold annual accounts for 3,472. 2,114 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
Founded07-04-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
Scores and ratios are computed by Checked and are not a credit decision.