Climaflow
ActiveSummary
The computed 12-month bankruptcy probability of Climaflow is 3.3% (moderate). The 2025 annual accounts show equity of €5,809 and a net result of -€50. Its solvency ranks better than 12% of 28184 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability37▲+37
Solvency31▼-1
Growth58
Track record94
Bankruptcy probability, 12 months
3.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.92 against 0.89 in 2024; short-term debt: 94.2% and cash: 5.8% of total assets), and 94.2% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six 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 2025Solvency, return and age of the figures
Solvency
5.8%
Return on assets
0%
Age of the figures
15 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
2425
2024 to 2025 · latest year -€50
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 28184 sector peers (2025).
NBB · sector comparisonPosition among 28184 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 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
2 d late
2024
4 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 3 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€5,809▼ 0.8%
2024 · €5,859
Total assets
€100,437▲ 19.1%
2024 · €84,313
Net result
-€50▲ 99.6%
2024 · -€14,141
Working capital
-€7,631▲ 10.7%
2024 · -€8,548
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20242025
Operating result-€13,716-€1,069
Net result-€14,141below the sector's middle half--€50below the sector's middle half▲ 99.6%
Equity€5,859below the sector's middle half-€5,809below the sector's middle half▼ 0.8%
Total assets€84,313within the sector's middle half-€100,437within the sector's middle half▲ 19.1%
Debt€78,455-€94,628▲ 20.6%
Working capital-€8,548--€7,631▲ 10.7%
Solvency6.9%below the sector's middle half-5.8%below the sector's middle half▼ 1.2pp
Staff (FTE)0.9-0.3▼ 66.7%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €1,069 after a loss of €13,716 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €100,437
Fixed assets
€13,440 ▼ 6.7%
Current assets
€86,997 ▲ 24.4%
Equity and liabilities €100,437
Equity
€5,809 ▼ 0.8%
Debt
€94,628 ▲ 20.6%
Debt's share of the balance-sheet total rises from 93.1% to 94.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€4,812▲
2024 · -€9,846
Cash flow
€3,693▲
2024 · -€10,271
Current ratio
0.92▲
2024 · 0.89
Quick ratio
0.49▲
2024 · 0.29
Debt to equity
16.29▲
2024 · 13.39
ROE
-0.9%▲
2024 · -241.4%
ROA
0.0%▲
2024 · -16.8%
Interest coverage
2.21▲
2024 · -22.04
Debt ≤ 1 year
€94,628▲
2024 · €78,455
Staff costs
€15,809▼
2024 · €36,823
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,304 companies that looked in July 2024 the way this one looks now, 5.2% went bankrupt within 24 months and 92% are still going.
- Micro
- 2 to 5 years old
- solvency under 10%
- a small loss
5.2%
went bankrupt
1.6%
stopped otherwise
92%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,304 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €36,823 | €15,809 | ▼ 57.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,870 | €3,743 | ▼ 3.3% |
| Other operating charges640/8 | €2,865 | €464 | ▼ 83.8% |
| Gross operating margin9900 | €29,842 | €21,085 | ▼ 29.3% |
| Operating profit (loss)9901 | -€13,716 | €1,069 | ▲ 108% |
| Financial income75/76B | €22 | €1,062 | ▲ 4,823% |
| Recurring financial income75 | €22 | €1,062 | ▲ 4,823% |
| Financial charges65/66B | €447 | €2,181 | ▲ 388% |
| Recurring financial charges65 | €447 | €2,181 | ▲ 388% |
| Profit (loss) for the period before taxes9903 | -€14,141 | -€50 | ▲ 99.6% |
| Profit (loss) for the period9904 | -€14,141 | -€50 | ▲ 99.6% |
| Profit (loss) for the period to be appropriated9905 | -€14,141 | -€50 | ▲ 99.6% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €84,313 | €100,437 | ▲ 19.1% |
| Fixed assets21/28 | €14,406 | €13,440 | ▼ 6.7% |
| Tangible fixed assets22/27 | €14,406 | €13,440 | ▼ 6.7% |
| Plant, machinery and equipment23 | €14,406 | €13,440 | ▼ 6.7% |
| Current assets29/58 | €69,907 | €86,997 | ▲ 24.4% |
| Stocks and contracts in progress3 | €47,085 | €41,061 | ▼ 12.8% |
| Stocks30/36 | €47,085 | €41,061 | ▼ 12.8% |
| Amounts receivable within one year40/41 | €15,833 | €40,111 | ▲ 153% |
| Trade receivables40 | €9,357 | €33,350 | ▲ 256% |
| Other amounts receivable41 | €6,476 | €6,761 | ▲ 4.4% |
| Cash at bank and in hand54/58 | €6,989 | €5,825 | ▼ 16.7% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €84,313 | €100,437 | ▲ 19.1% |
| Equity10/15 | €5,859 | €5,809 | ▼ 0.8% |
| Contributions10/11 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€14,141 | -€14,191 | ▼ 0.4% |
| Amounts payable17/49 | €78,455 | €94,628 | ▲ 20.6% |
| Amounts payable within one year42/48 | €78,455 | €94,628 | ▲ 20.6% |
| Trade debts44 | €36,459 | €64,800 | ▲ 77.7% |
| Suppliers440/4 | €36,459 | €64,800 | ▲ 77.7% |
| Taxes, remuneration and social security45 | €23,130 | €5,962 | ▼ 74.2% |
| Taxes450/3 | €21,778 | €1,118 | ▼ 94.9% |
| Remuneration and social security454/9 | €1,352 | €4,845 | ▲ 258% |
| Other amounts payable47/48 | €18,865 | €23,865 | ▲ 26.5% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€14,141 | -€50 | ▲ 99.6% |
| + Depreciation and write-downs630 | €3,870 | €3,743 | ▼ 3.3% |
| Operating cash flow (approximation) | -€10,271 | €3,693 | ▲ 136% |
| Investment in fixed assets (approximation) | - | -€2,776 | - |
| Change in cash | - | -€1,164 | - |
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
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 2 days late
2025
04-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Maaseik · 1 establishment unit since 2023
Ground area
4,201 m²
Building footprint
1,662 m²
Volume, LiDAR
467 m³
Parcel 72021A1846/00S000, Flanders · tallest building 39.2 m. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Climaflow
since 20232.340.866.455
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72021A1846/00S000 | Flanders | 4,201 m² | 1 · 1,662 m² | 39.2 m |
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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 999 EUR awarded · 999 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 999 EUR | 999 EUR |
Similar companies · same sector, comparable size
MARTIKRISTO
BE 0821.865.954
Namur · Eq €5,801
ASBI Systems
BE 0682.806.061
Kapellen · Eq €5,821
REXTRA
BE 1021.217.087
Anderlecht · Eq €5,821
BASELINES BUSINESS SERVICES
BE 0738.780.308
Namur · Eq €5,823
CT ELEC
BE 0788.496.964
Zaventem · Eq €5,790
Of 22,831 companies in sector 43211 we hold annual accounts for 10,335. 4,090 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
Founded16-01-2023
Fiscal year end30-06
Activities, NACEBEL 2025
43211General electrical installation work
46647Wholesale trade
43212Electrical installation work in industrial facilities
47540Retail sale of electrical household appliances
71121Engineering and related technical consultancy, excluding land surveyors
95210Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0797235476
Also
9925:BE0797235476
Registered
24-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.