CLIMAMASTER
ActiveSummary
CLIMAMASTER has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €142,666 and a net result of €38,137. Equity is growing by ~24.8% per year across the filed fiscal years. Its solvency ranks better than 37% of 397 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▲+6
Solvency61▼-1
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 2.03 against 1.33 in 2024; short-term debt: 30.3% and cash: 31.7% of total assets), but 64.1% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
35.9%
Return on assets
9.6%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-09-2026, 45 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 · 3 filingsDeviation from the deadline
2025
45 d late
2024
59 d late
2023
27 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 44 days after the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€142,666▲ 36.5%
2024 · €104,528
Total assets
€397,858▲ 40.1%
2024 · €284,019
Net result
€38,137▲ 178%
2024 · €13,710
Working capital
€123,605▲ 166%
2024 · €46,535
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
Line202320242025
Operating result€35,631-€23,895▼ 32.9%€67,040▲ 181%
Net result€26,027-€13,710▼ 47.3%€38,137▲ 178%
Equity€90,818-€104,528▲ 15.1%€142,666▲ 36.5%
Total assets€211,351-€284,019▲ 34.4%€397,858▲ 40.1%
Debt€120,533-€179,490▲ 48.9%€255,192▲ 42.2%
Working capital€51,309-€46,535▼ 9.3%€123,605▲ 166%
Staff (FTE)1
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 181% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €397,858
Fixed assets
€153,834 ▲ 62.4%
Current assets
€244,024 ▲ 28.9%
Equity and liabilities €397,858
Equity
€142,666 ▲ 36.5%
Debt
€255,192 ▲ 42.2%
Debt's share of the balance-sheet total rises from 63.2% to 64.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€105,834▲
2024 · €48,011
Cash flow
€76,931▲
2024 · €37,827
Current ratio
2.03▲
2024 · 1.33
Debt to equity
1.79▲
2024 · 1.72
ROE
26.7%▲
2024 · 13.1%
ROA
9.6%▲
2024 · 4.8%
Interest coverage
12.51▼
2024 · 15.93
Debt ≤ 1 year
€120,419▼
2024 · €142,760
Debt > 1 year
€132,671▲
2024 · €36,730
Income taxes
€21,205▲
2024 · €7,253
Staff costs
€78,292▲
2024 · €43,681
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 26,964 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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | €797 | - | - | - |
| Remuneration, social security and pensions62 | €4,790 | €43,681 | €78,292 | ▲ 79.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29,507 | €24,116 | €38,793 | ▲ 60.9% |
| Other operating charges640/8 | €63 | €10,862 | €11,304 | ▲ 4.1% |
| Gross operating margin9900 | €69,990 | €102,555 | €195,430 | ▲ 90.6% |
| Operating profit (loss)9901 | €35,631 | €23,895 | €67,040 | ▲ 181% |
| Financial income75/76B | - | €83 | €760 | ▲ 815% |
| Recurring financial income75 | - | €83 | €760 | ▲ 815% |
| Financial charges65/66B | €2,450 | €3,014 | €8,458 | ▲ 181% |
| Recurring financial charges65 | €2,450 | €3,014 | €8,458 | ▲ 181% |
| Profit (loss) for the period before taxes9903 | €33,181 | €20,964 | €59,342 | ▲ 183% |
| Income taxes67/77 | €7,154 | €7,253 | €21,205 | ▲ 192% |
| Profit (loss) for the period9904 | €26,027 | €13,710 | €38,137 | ▲ 178% |
| Profit (loss) for the period to be appropriated9905 | €26,027 | €13,710 | €38,137 | ▲ 178% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €211,351 | €284,019 | €397,858 | ▲ 40.1% |
| Fixed assets21/28 | €74,596 | €94,723 | €153,834 | ▲ 62.4% |
| Tangible fixed assets22/27 | €74,596 | €94,723 | €153,684 | ▲ 62.2% |
| Land and buildings22 | - | - | €134,922 | - |
| Plant, machinery and equipment23 | €12,955 | €12,891 | €7,137 | ▼ 44.6% |
| Furniture and vehicles24 | €61,641 | €74,572 | €6,031 | ▼ 91.9% |
| Other tangible fixed assets26 | - | €7,261 | €5,595 | ▼ 22.9% |
| Financial fixed assets28 | - | - | €150 | - |
| Current assets29/58 | €136,756 | €189,295 | €244,024 | ▲ 28.9% |
| Amounts receivable within one year40/41 | €14,061 | €91,520 | €105,847 | ▲ 15.7% |
| Trade receivables40 | €1,414 | €86,779 | €86,786 | = |
| Other amounts receivable41 | €12,647 | €4,741 | €19,061 | ▲ 302% |
| Cash at bank and in hand54/58 | €122,695 | €94,524 | €125,979 | ▲ 33.3% |
| Deferred charges and accrued income490/1 | - | €3,251 | €12,198 | ▲ 275% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €211,351 | €284,019 | €397,858 | ▲ 40.1% |
| Equity10/15 | €90,818 | €104,528 | €142,666 | ▲ 36.5% |
| Contributions10/11 | €100 | €100 | €100 | = |
| Reserves13 | €90,718 | €104,428 | €142,566 | ▲ 36.5% |
| Distributable reserves133 | €90,718 | €104,428 | €142,566 | ▲ 36.5% |
| Amounts payable17/49 | €120,533 | €179,490 | €255,192 | ▲ 42.2% |
| Amounts payable after more than one year17 | €35,086 | €36,730 | €132,671 | ▲ 261% |
| Financial debts170/4 | €35,086 | €36,730 | €132,671 | ▲ 261% |
| Amounts payable within one year42/48 | €85,447 | €142,760 | €120,419 | ▼ 15.6% |
| Current portion of amounts payable after more than one year42 | €25,318 | €38,035 | €22,722 | ▼ 40.3% |
| Trade debts44 | €45,870 | €78,220 | €88,408 | ▲ 13.0% |
| Suppliers440/4 | €45,870 | €78,220 | €88,408 | ▲ 13.0% |
| Taxes, remuneration and social security45 | €10,866 | €18,402 | €9,289 | ▼ 49.5% |
| Taxes450/3 | €10,866 | €16,537 | €9,289 | ▼ 43.8% |
| Remuneration and social security454/9 | - | €1,865 | - | - |
| Other amounts payable47/48 | €3,394 | €8,103 | - | - |
| Accrued charges and deferred income492/3 | - | - | €2,102 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €26,027 | €13,710 | €38,137 | ▲ 178% |
| + Depreciation and write-downs630 | €29,507 | €24,116 | €38,793 | ▲ 60.9% |
| Operating cash flow (approximation) | €55,534 | €37,827 | €76,931 | ▲ 103% |
| Investment in fixed assets (approximation) | - | -€44,244 | -€97,904 | ▼ 121% |
| Change in cash | - | -€28,171 | €31,455 | ▲ 212% |
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
14-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 45 days late
2025
31-12
Financial
Highest result since 2023net €38,137 ▲178%
Operating result €67,040, net result €38,137, both a record.
28-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 59 days late
2024
31-12
Financial
Weakest financial yearnet €13,710 ▼47.3%
Net result drops to €13,710, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €100,000Eq €104,528 ▲15.1%
2 profitable years in a row build equity to €104,528.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Genk · 1 establishment unit since 2018
Ground area
1,414 m²
Building footprint
289 m²
Volume, LiDAR
881 m³
2 parcels, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ClimaMaster
since 20182.280.196.717
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71304D1125/00C000 | Flanders | 796 m² | 1 · 113 m² | 6.8 m |
| 71304D1198/00Z014 | Flanders | 618 m² | 1 · 176 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 to 2024 · 2 entries · 2,336 EUR awarded · 2,336 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,500 EUR | 1,500 EUR |
| 2023 | 1 | 836 EUR | 836 EUR |
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Of 461 companies in sector 28250 we hold annual accounts for 286. 213 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
Founded05-09-2018
Fiscal year end31-12
Activities, NACEBEL 2025
28250Manufacture of machinery and equipment not elsewhere classified
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0703877530
Also
9925:BE0703877530
Registered
06-12-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.