CELSIUS HEAT MANAGEMENT BELGIUM
ActiveCELSIUS HEAT MANAGEMENT BELGIUM has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €103k and a net result of €170k. Equity is growing by ~34.3% per year across the filed fiscal years. Its solvency ranks better than 25% of 7993 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+23
Solvency44▲+37
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity tight (current ratio 1.19 against 0.85 in 2024; short-term debt: 80.7% and cash: 0.3% of total assets), and 80.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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
19.3%
Return on assets
31.8%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 7993 sector peers (2025).
NBB · sector comparisonPosition among 7993 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 21-04-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
33 d early
2023
33 d early
2022
30 d early
2021
30 d early
2020
on the day
2019
on the day
← before the deadline
after the deadline →
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
22-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€103k
2024 · €-66k
2018: €104k
2019: €-364k
2020: €-231k
2021: €-184k
2022: €-139k
2023: €-126k
2024: €-66k
2018 → 2025
Total assets
€533k▲ 40.7%
2024 · €379k
2018: €1.28M
2019: €945k
2020: €405k
2021: €409k
2022: €528k
2023: €299k
2024: €379k
2018 → 2025
Net result
€170k▲ 186%
2024 · €59k
2018: €2k
2019: €-469k
2020: €133k
2021: €47k
2022: €45k
2023: €14k
2024: €59k
2018 → 2025
Working capital
€84k
2024 · €-66k
2018: €54k
2019: €-410k
2020: €120k
2021: €69k
2022: €14k
2023: €-30k
2024: €-66k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-184k-€-139k▲ 24.3%€-126k▲ 9.8%€-66k▲ 47.2%€103k
Operating result€64k-€63k▼ 1.7%€23k▼ 62.9%€68k▲ 191%€170k▲ 151%
Net result€47k-€45k▼ 5.1%€14k▼ 69.6%€59k▲ 335%€170k▲ 186%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 151% above 2024 and is the highest result in the available series.
Balance-sheet composition
Assets €533k
Fixed assets
€20k
Current assets
€514k
Equity and liabilities €533k
Equity
€103k
Debt
€430k
Debt finances 80.7% of the balance-sheet total.
Key figures and ratios
EBITDA
€171k
Cash flow
€171k
Solvency
19.3%▲
2024 · -17.5%
Current ratio
1.19▲
2024 · 0.85
Quick ratio
0.75▲
2024 · 0.50
Debt / equity
4.17▲
2024 · -6.70
ROE
164.5%
ROA
31.8%▲
2024 · 15.7%
Interest coverage
24.75
Debt
€430k▼
2024 · €445k
Debt ≤ 1 year
€430k▼
2024 · €445k
Staff costs
€5k▼
2024 · €8k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€379k€533k▲
Fixed assets21/28-€20k
Tangible fixed assets22/27-€20k
Plant, machinery and equipment23-€20k
Current assets29/58€379k€514k▲
Stocks and contracts in progress3€158k€190k▲
Stocks30/36€158k€190k▲
Amounts receivable within one year40/41€218k€321k▲
Trade receivables40€202k€298k▲
Other amounts receivable41€16k€23k▲
Cash at bank and in hand54/58€2k€2k▼
Deferred charges and accrued income490/1€953€1k▲
Equity and liabilities
Total equity and liabilities10/49€379k€533k▲
Equity10/15€-66k€103k▲
Contributions10/11€163k€163k=
Capital10€163k€163k=
Issued capital100€200k€200k=
Uncalled capital101€38k€38k=
Reserves13€20k€20k=
Non-distributable reserves130/1€20k€20k=
Legal reserve130€20k€20k=
Profit (loss) carried forward14€-249k€-79k▲
Amounts payable17/49€445k€430k▼
Amounts payable within one year42/48€445k€430k▼
Current portion of amounts payable after more than one year42€96k-
Financial debts43€31k€79k▲
Credit institutions430/8€31k€79k▲
Trade debts44€293k€351k▲
Suppliers440/4€293k€351k▲
Taxes, remuneration and social security45€26k-
Taxes450/3€26k-
Other amounts payable47/48€243-
Income statement
Code20242025
Remuneration, social security and pensions62€8k€5k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€1k
Other operating charges640/8€18k€541▼
Gross operating margin9900€94k€177k▲
Operating profit (loss)9901€68k€170k▲
Financial income75/76B€1k€6k▲
Recurring financial income75€1k€6k▲
Financial charges65/66B€10k€7k▼
Recurring financial charges65€10k€7k▼
Profit (loss) for the period before taxes9903€59k€170k▲
Profit (loss) for the period9904€59k€170k▲
Profit (loss) for the period to be appropriated9905€59k€170k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-249k€-79k▲
Profit (loss) brought forward from the previous period14P€-308k€-249k▲
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Highest result since 2018net €170k ▲186%
Net result €170k, the highest in the series.
30-09
Financial
Equity above €100kEq €103k
6 profitable years in a row build equity to €103k.
28-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
28-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Back to profitnet €133k
Net result €133k after one loss-making year.
30-09
Financial
Liquidity doublescurrent ratio 1.50
Current ratio from 0.69 to 1.50; short-term debt falls from €1.31M to €240k.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Weakest financial yearnet €-469k ▼23439%
Net result drops to €-469k, the lowest in the series; recovery starts the following year.
29-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Diest · 1 establishment unit since 2007
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.
Ambachtenlaan 10253294 DiestGround area
4,399 m²
Building footprint
714 m²
Volume, LiDAR
3,958 m³
Parcel 24073K0036/00D000, Flanders · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Celsius Heat Management Belgium NV
since 20072.165.267.157
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24073K0036/00D000 | Flanders | 4,399 m² | 1 · 714 m² | 6.7 m · 2 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
INPACO INDUSTRIE
BE 0466.700.553
Etterbeek · Eq €102k
Dymeco
BE 0643.815.922
Gent · Eq €105k
KRISTAL BELGIUM
BE 0474.576.359
Aalter · Eq €99k
PEGASUS POLYMERS
BE 0808.842.121
Arendonk · Eq €110k
Vanckan
BE 0416.812.265
Chaudfontaine · Eq €94k
Of 432 companies in sector 46869 we hold annual accounts for 244. 131 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded11-09-2007
Fiscal year end30-09
Activities, NACEBEL
46839Wholesale trade
46869Wholesale trade
51562
20130Manufacture of chemicals and chemical products
22240Manufacture of rubber and plastic products
23430Manufacture of other non-metallic mineral products
24130
25230
46130Agents in the wholesale of timber and building materials
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.