BUSINESS HEATING

Active

Private limited companyfounded 20205 yrs activeDenemarkenstraat 43, 1060 Sint-Gillis (bij-Brussel), BelgiumKBO/BCE: BE 0758.534.753

The computed 12-month bankruptcy probability of BUSINESS HEATING is 4.0% (elevated). The 2024 annual accounts show equity of €335k and a net result of €92k. Equity is growing by ~48.2% per year across the filed fiscal years. Its solvency ranks better than 49% of 3571 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Watch Print / PDF

Checked score

Score 2024

86 / 100

Excellent▲ +10 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100=

Solvency83▲+53

Growth78=

Stability94

Bankruptcy probability, 12 months

4.0% Elevated

0%0.5%1.5%4%10%≥ 25%

Credit up to €30k at 30 days acceptable

Liquidity ample (current ratio 3.37 against 1.4 in 2023), but 60.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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 →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 4 filings

Deviation from the deadline

2025

not confirmed

2024

29 d late

2023

124 d late

2022

490 d late

2021

855 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€92k▼ 12.4%

2023 · €105k

2021: €50k 2022: €77k 2023: €105k

2021 → 2024

Working capital

€521k▲ 22.3%

2023 · €426k

2021: €109k 2022: €73k 2023: €426k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€60k-€138k▲ 128%€243k▲ 76.2%€335k▲ 37.9%

Operating result€51k-€88k▲ 72.3%€174k▲ 97.0%€133k▼ 23.3%

Net result€50k-€77k▲ 53.1%€105k▲ 35.9%€92k▼ 12.4%

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 23% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €846k

12.4%

87.6%

Fixed assets €105k▼ 14.1%

Current assets €741k▼ 50.1%

Equity and liabilities €846k

39.6%

60.4%

Equity €335k▲ 37.9%

Debt €511k▼ 62.5%

The debt ratio falls from 84.9% to 60.4%: equity grows while debt is paid down.

Key figures and ratios

2024 value · change against 2023

EBITDA

€175k▼

2023 · €204k

Cash flow

€134k▼

2023 · €136k

Solvency

39.6%▲

2023 · 15.1%

Current ratio

3.37▲

2023 · 1.40

Quick ratio

3.37▲

2023 · 1.40

Debt / equity

1.53▼

2023 · 5.62

ROE

27.5%▼

2023 · 43.3%

ROA

10.9%▲

2023 · 6.5%

Interest coverage

122.76▲

2023 · 53.11

Debt

€511k▼

2023 · €1.36M

Debt ≤ 1 year

€220k▼

2023 · €1.06M

Debt > 1 year

€255k▼

2023 · €269k

Income taxes

€43k▼

2023 · €70k

Staff costs

€63k▲

2023 · €33k

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€1.61M€846k▼

Fixed assets21/28€122k€105k▼

Tangible fixed assets22/27€122k€105k▼

Plant, machinery and equipment23€26k€25k▼

Furniture and vehicles24€83k€59k▼

Other tangible fixed assets26€13k€21k▲

Current assets29/58€1.49M€741k▼

Amounts receivable within one year40/41€1.08M€377k▼

Trade receivables40€1.06M€376k▼

Other amounts receivable41€13k€675▼

Cash at bank and in hand54/58€408k€334k▼

Deferred charges and accrued income490/1€1k€30k▲

Equity and liabilities

Total equity and liabilities10/49€1.61M€846k▼

Equity10/15€243k€335k▲

Contributions10/11€10k€10k=

Reserves13€100k€192k▲

Distributable reserves133€100k€192k▲

Profit (loss) carried forward14€133k€133k=

Amounts payable17/49€1.36M€511k▼

Amounts payable after more than one year17€269k€255k▼

Other amounts payable178/9€269k€255k▼

Amounts payable within one year42/48€1.06M€220k▼

Trade debts44€506k€95k▼

Suppliers440/4€506k€95k▼

Advances received on contracts in progress46€491k-

Taxes, remuneration and social security45€61k€107k▲

Taxes450/3€61k€98k▲

Remuneration and social security454/9€725€9k▲

Other amounts payable47/48-€18k

Accrued charges and deferred income492/3€36k€36k=

Income statement Code20232024

Non-recurring operating income76A€12k-

Remuneration, social security and pensions62€33k€63k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€42k▲

Other operating charges640/8€1k€2k▲

Non-recurring operating charges66A€150-

Gross operating margin9900€238k€241k▲

Operating profit (loss)9901€174k€133k▼

Financial income75/76B€5k€3k▼

Recurring financial income75€5k€3k▼

Financial charges65/66B€4k€1k▼

Recurring financial charges65€4k€1k▼

Profit (loss) for the period before taxes9903€175k€135k▼

Income taxes67/77€70k€43k▼

Profit (loss) for the period9904€105k€92k▼

Profit (loss) for the period to be appropriated9905€105k€92k▼

Appropriation of the result

Profit (loss) to be appropriated9906€233k€225k▼

Profit (loss) brought forward from the previous period14P€128k€133k▲

Transfer to equity691/2€100k€92k▼

To other reserves6921€100k€92k▼

Social balance

Average headcount (FTE)90871.44.1▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 8Financial 4Filings 4

2025

29-08

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 29 days late

2024

31-12

Financial Liquidity doublescurrent ratio 3.37

Current ratio from 1.40 to 3.37; short-term debt falls from €1.06M to €220k.

02-12

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 124 days late

02-12

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 490 days late

02-12

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 855 days late

2023

31-12

Financial Highest result since 2021net €105k ▲35.9%

Operating result €174k, net result €105k, both a record.

31-12

Financial Equity above €200kEq €243k ▲76.2%

3 profitable years in a row build equity to €243k.

2022

31-12

Financial Equity above €100kEq €138k ▲128%

2 profitable years in a row build equity to €138k.

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, Sint-Gillis (bij-Brussel) · 1 establishment unit since 2020

establishment The establishment unit on the map

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.

Denemarkenstraat 431060 Sint-Gillis (bij-Brussel)

Ground area

135 m²

Building footprint

71 m²

Volume, LiDAR

1,025 m³

Parcel 21562A0335/00H002, Brussels · tallest building 17.7 m, ±5 floors. Linked by address, not a title deed.

1 establishment unit

BUSINESS HEATING

Denemarkenstraat 43, 1060 Sint-Gillis (bij-Brussel)Manufacture of metal structures and parts of structures

since 20202.309.854.664

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21562A0335/00H002	Brussels	135 m²	1 · 71 m²	17.7 m · 5 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.

Similar companies · same sector, comparable size

Grez-Doiceau · Eq €335k

R. & G. DOBBELAERE

BE 0436.341.830

Knokke-Heist · Eq €334k

SCHAERLAEKENS

BE 0840.443.830

Zandhoven · Eq €334k

Of 6,991 companies in sector 43221 we hold annual accounts for 3,445. 2,609 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded18-11-2020

Fiscal year end31-12

Activities, NACEBEL

43221Plumbing work

33110Repair and maintenance of fabricated metal products

43222Installation of electric heating, air conditioning, cooling and ventilation

43230Insulation installation

43291Specialised construction activities

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.