BM HEATING
Annual accounts 2025
micro format, filed on 16-06-2026, 45 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €170,000. Estimated: probably between €130,000 and €380,000.
Balance sheet
balance sheet total €48,475 on 31-12-2025in euro
in euro
Position in the sector
46.5%
Higher than 50% of 35,136 companies in 2025.
2.05
Higher than 56% of 34,510 companies in 2025.
17.8%
Higher than 74% of 34,711 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
48,475 | 50,899 | 14,473 | |
21/28 |
25,750 | 29,201 | - | |
22/27 |
25,750 | 29,201 | - | |
22 |
4,119 | 1,536 | - | |
25 |
21,631 | 27,665 | - | |
29/58 |
22,725 | 21,698 | 14,473 | |
40/41 |
20,078 | 13,086 | 9,410 | |
40 |
8,300 | 6,070 | 4,547 | |
41 |
11,778 | 7,016 | 4,863 | |
54/58 |
1,885 | 7,971 | 5,063 | |
490/1 |
762 | 641 | - | |
| Balance sheet: equity and liabilities | ||||
10/49 |
48,475 | 50,899 | 14,473 | |
10/15 |
22,540 | 13,906 | 7,742 | |
10/11 |
5,000 | 5,000 | 5,000 | |
14 |
17,540 | 8,906 | 2,742 | |
17/49 |
25,935 | 36,993 | 6,732 | |
17 |
14,851 | 19,982 | - | |
170/4 |
14,851 | 19,982 | - | |
42/48 |
11,083 | 17,011 | 6,732 | |
42 |
5,131 | 4,817 | - | |
44 |
2,868 | 7,682 | 4,340 | |
440/4 |
2,868 | 7,682 | 4,340 | |
45 |
3,084 | 4,512 | 2,391 | |
450/3 |
3,084 | 4,512 | 2,391 | |
| Income statement | ||||
9900 |
20,858 | 13,252 | 8,147 | |
630 |
6,451 | 2,560 | 1,875 | |
640/8 |
1,122 | 1,368 | 1,099 | |
9901 |
13,286 | 9,324 | 5,173 | |
75/76B |
104 | 10 | - | |
75 |
104 | 10 | - | |
65/66B |
1,671 | 1,049 | 40 | |
65 |
1,671 | 1,049 | 40 | |
9903 |
11,719 | 8,285 | 5,133 | |
67/77 |
3,084 | 2,121 | 2,391 | |
9904 |
8,634 | 6,164 | 2,742 | |
9905 |
8,634 | 6,164 | 2,742 | |
| Appropriation of the result | ||||
9906 |
17,540 | 8,906 | 2,742 | |
14P |
8,906 | 2,742 | - | |
| Document | ||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 16-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 19,737 | 11,884 | 7,048 | ||
| 15,085 | 8,724 | 4,617 | ||
| 3,000 | 31,761 | 1,875 | ||
| -6,086 | 2,908 | - | ||
| 11,642 | 4,687 | 7,742 | ||
| 46.5% | 27.3% | 53.5% | ||
| 2.05 | 1.28 | 2.15 | ||
| 1.15 | 2.66 | 0.87 | ||
| 38.3% | 44.3% | 35.4% | ||
| 17.8% | 12.1% | 18.9% | ||
| 11.81 | 11.32 | over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €3,000 | €31,761 | - |
| Intangible fixed assets | - | - | €1,875 |
| €6,451 | €2,560 | €1,875 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on BM HEATING
The operating result for 2025 is 42% higher than in 2024 and the highest since 2023. It is the second rise in a row.
Debt's share of the balance-sheet total falls from 72.7% to 53.5%. Equity is higher and debt is lower.