CLIMATE SOLUTIONS
ActiveSummary
CLIMATE SOLUTIONS has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €954,976 and a net result of €64,832, of which €97,001 non-recurring income. Equity remains stable across the filed financial years (±2.2% per year). Its solvency ranks better than 80% of 2,441 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Financials · financial year 2025, full format
2025 annual accounts filed late (42 days) Filed on 11 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00511526.
Turnover
≈ €1.4m
Estimated: probably between €1.2m and €1.8m
EBIT margin
Not included in this filing
Net result
€64,832▲ 241%
2024 · €19,040
Working capital
€267,588▼ 38.7%
2024 · €436,682
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is over 4.8 times 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.2m
2025
Net result€0.06m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€1.4m
2025
Equity€1.0m
2025
Debt€0.4m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.3m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)4.6%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency68.3%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.83
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)4.4
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.03m-€0.01m▼ 50.5%-€0.001m-€0.01m▼ 2,129%€0.04m€0.1m▲ 159%€0.04m▼ 63.6%€0.2m▲ 384%
Net result€0.01m-€0.02m▲ 12.2%-€0.009mbelow the sector's middle half-€0.01mbelow the sector's middle half▼ 8.0%€0.03mwithin the sector's middle half€0.04mwithin the sector's middle half▲ 36.4%€0.02mwithin the sector's middle half▼ 53.2%€0.06mwithin the sector's middle half▲ 241%
Equity€0.8m-€0.8m▲ 2.0%€0.8mabove the sector's middle half▼ 1.1%€0.8mabove the sector's middle half▼ 1.2%€0.8mabove the sector's middle half▲ 3.3%€0.9mabove the sector's middle half▲ 4.9%€0.9mabove the sector's middle half▲ 2.1%€1.0mwithin the sector's middle half▲ 7.3%
Total assets€1.2m-€1.1m▼ 12.1%€1.0mwithin the sector's middle half▼ 6.7%€1.1mwithin the sector's middle half▲ 8.0%€1.2mwithin the sector's middle half▲ 12.3%€1.2mwithin the sector's middle half▲ 2.4%€1.2mwithin the sector's middle half▼ 3.9%€1.4mwithin the sector's middle half▲ 19.4%
Debt€0.4m-€0.2m▼ 41.5%€0.2m▼ 26.7%€0.3m▲ 53.2%€0.4m▲ 40.9%€0.3m▼ 3.3%€0.3m▼ 19.0%€0.4m▲ 42.2%
Working capital€0.8m-€0.4m▼ 42.2%€0.5mabove the sector's middle half▲ 18.6%€0.5mabove the sector's middle half▼ 7.8%€0.5mabove the sector's middle half▲ 9.6%€0.6mabove the sector's middle half▲ 22.4%€0.4mwithin the sector's middle half▼ 32.0%€0.3mwithin the sector's middle half▼ 38.7%
Solvency67.6%-78.4%▲ 10.8pp83.1%above the sector's middle half▲ 4.6pp76.0%above the sector's middle half▼ 7.1pp69.9%above the sector's middle half▼ 6.1pp71.5%above the sector's middle half▲ 1.7pp76.0%above the sector's middle half▲ 4.5pp68.3%above the sector's middle half▼ 7.7pp
Current ratio2.95-3.62▲ 0.675.47above the sector's middle half▲ 1.843.13above the sector's middle half▼ 2.342.70within the sector's middle half▼ 0.433.80above the sector's middle half▲ 1.113.38above the sector's middle half▼ 0.421.83within the sector's middle half▼ 1.55
Return on assets (ROA)1.2%-1.5%▲ 0.3pp-1.0%below the sector's middle half▼ 2.5pp-1.0%below the sector's middle half=2.5%within the sector's middle half▲ 3.5pp3.3%within the sector's middle half▲ 0.8pp1.6%within the sector's middle half▼ 1.7pp4.6%within the sector's middle half▲ 3.0pp
Staff (FTE)11.7-10.2▼ 12.8%9.1within the sector's middle half▼ 10.8%9.1within the sector's middle half=5.6within the sector's middle half▼ 38.5%4.4within the sector's middle half4.4within the sector's middle half=
above
within
below
the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets
€808,309 ▲ 46.7%
Current assets
€589,695 ▼ 4.9%
Equity and liabilities €1.4m
Equity
€954,976 ▲ 7.3%
Provisions
€43,627
Debt
€399,402 ▲ 42.2%
Debt's share of the balance-sheet total rises from 24.0% to 28.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€213,890▲
2024 · €47,705
Cash flow
€78,973▲
2024 · €25,448
Quick ratio
1.75▼
2024 · 2.90
Debt to equity
0.42▲
2024 · 0.32
ROE
6.8%▲
2024 · 2.1%
Interest coverage
26.59▲
2024 · 3.12
Debt ≤ 1 year
€322,107▲
2024 · €183,187
Debt > 1 year
€77,294▼
2024 · €97,702
Income taxes
€83,481▲
2024 · €10,804
Staff costs
€253,361▲
2024 · €234,188
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1,362 | €40 | - | - | €97,001 | - |
| Remuneration, social security and pensions62 | - | - | - | €290,461 | €253,310 | €321,050 | €234,188 | €253,361 | ▲ 8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,800 | €14,445 | €9,812 | €3,196 | €1,454 | €6,711 | €6,408 | €14,140 | ▲ 121% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €238 | €586 | €48,025 | €526 | - | - |
| Other operating charges640/8 | - | - | - | €533 | €6,081 | €11,894 | €1,033 | €77,017 | ▲ 75× |
| Non-recurring operating charges66A | - | - | - | €28,463 | €74,449 | €56,618 | €20,000 | - | - |
| Gross operating margin9900 | €618,411 | €630,181 | €386,508 | €309,902 | €379,650 | €557,602 | €303,452 | €544,267 | ▲ 79.4% |
| Operating profit (loss)9901 | €28,848 | €14,287 | -€583 | -€12,988 | €43,770 | €113,304 | €41,297 | €199,749 | ▲ 384% |
| Financial income75/76B | - | - | - | €3,681 | €828 | €1,096 | €3,845 | €607 | ▼ 84.2% |
| Recurring financial income75 | €78 | €2,740 | €5,490 | €3,681 | €828 | €1,096 | €3,845 | €607 | ▼ 84.2% |
| Financial charges65/66B | - | - | - | €847 | €3,007 | €57,023 | €15,298 | €52,043 | ▲ 240% |
| Recurring financial charges65 | €14,620 | €977 | €14,306 | €847 | €3,007 | €57,023 | €15,298 | €8,043 | ▼ 47.4% |
| Non-recurring financial charges66B | - | - | - | - | - | - | - | €44,000 | - |
| Profit (loss) for the period before taxes9903 | €14,306 | €16,050 | -€9,399 | -€10,154 | €41,591 | €57,376 | €29,843 | €148,313 | ▲ 397% |
| Income taxes67/77 | - | - | - | - | €11,744 | €16,658 | €10,804 | €83,481 | ▲ 673% |
| Profit (loss) for the period9904 | €14,306 | €16,050 | -€9,399 | -€10,154 | €29,847 | €40,719 | €19,040 | €64,832 | ▲ 241% |
| Profit (loss) for the period to be appropriated9905 | €14,306 | €16,050 | -€9,399 | -€10,154 | €29,847 | €40,719 | €19,040 | €64,832 | ▲ 241% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.2m | €1.1m | €1.0m | €1.1m | €1.2m | €1.2m | €1.2m | €1.4m | ▲ 19.4% |
| Fixed assets21/28 | €0.05m | €0.4m | €0.3m | €0.4m | €0.4m | €0.3m | €0.6m | €0.8m | ▲ 46.7% |
| Intangible fixed assets21 | €0.02m | €0.005m | €471 | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Tangible fixed assets22/27 | €0.01m | €0.01m | €0.006m | €0.003m | €0.003m | €0.07m | €0.06m | €0.05m | ▼ 21.8% |
| Plant, machinery and equipment23 | - | - | - | €0.002m | €0.003m | €0.007m | €0.007m | €0.007m | = |
| Furniture and vehicles24 | - | - | - | €435 | €0 | €0 | €0 | €0 | - |
| Leasing and similar rights25 | - | - | - | - | - | €0.06m | €0.06m | €0.04m | ▼ 24.4% |
| Financial fixed assets28 | €0.02m | €0.4m | €0.3m | €0.3m | €0.3m | €0.3m | €0.5m | €0.7m | ▲ 57.4% |
| Current assets29/58 | €1.1m | €0.6m | €0.6m | €0.7m | €0.8m | €0.9m | €0.6m | €0.6m | ▼ 4.9% |
| Stocks and contracts in progress3 | €0.08m | €0.04m | €0.05m | €0.07m | €0.04m | €0.06m | €0.09m | €0.02m | ▼ 72.5% |
| Stocks30/36 | - | - | - | €0.05m | €0.03m | €0.06m | €0.09m | €0.02m | ▼ 72.5% |
| Contracts in progress37 | - | - | - | €0.02m | €330 | - | - | - | - |
| Amounts receivable within one year40/41 | €0.9m | €0.5m | €0.5m | €0.5m | €0.7m | €0.8m | €0.4m | €0.5m | ▲ 19.6% |
| Trade receivables40 | - | - | - | €0.3m | €0.5m | €0.5m | €0.3m | €0.5m | ▲ 40.9% |
| Other amounts receivable41 | - | - | - | €0.2m | €0.2m | €0.3m | €0.1m | €0.07m | ▼ 38.8% |
| Current investments50/53 | - | - | - | €296 | €96 | €96 | €96 | €96 | = |
| Cash at bank and in hand54/58 | €0.002m | €0.02m | €0.03m | €0.008m | €0.02m | €0.06m | €0.04m | €0.02m | ▼ 41.5% |
| Deferred charges and accrued income490/1 | - | - | - | €0.09m | €0.06m | - | €0.05m | €0.01m | ▼ 76.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.2m | €1.1m | €1.0m | €1.1m | €1.2m | €1.2m | €1.2m | €1.4m | ▲ 19.4% |
| Equity10/15 | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | €0.9m | €0.9m | €1.0m | ▲ 7.3% |
| Contributions10/11 | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Capital10 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Issued capital100 | - | - | - | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Uncalled capital101 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.3m | €0.3m | €0.3m | €0.3m | €0.4m | €0.4m | €0.4m | €0.5m | ▲ 14.6% |
| Non-distributable reserves130/1 | - | - | - | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Legal reserve130 | - | - | - | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Distributable reserves133 | - | - | - | €0.3m | €0.3m | €0.4m | €0.4m | €0.5m | ▲ 16.4% |
| Profit (loss) carried forward14 | €0.06m | €0.08m | €0.07m | €0.06m | - | - | - | - | - |
| Provisions and deferred taxes16 | - | - | - | - | - | - | - | €0.04m | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | - | - | - | €0.04m | - |
| Taxes161 | - | - | - | - | - | - | - | €0 | - |
| Environmental obligations163 | - | - | - | - | - | - | - | €0.04m | - |
| Amounts payable17/49 | €0.4m | €0.2m | €0.2m | €0.3m | €0.4m | €0.3m | €0.3m | €0.4m | ▲ 42.2% |
| Amounts payable after more than one year17 | - | €0.06m | €0.05m | €0.03m | €0.05m | €0.1m | €0.1m | €0.08m | ▼ 20.9% |
| Financial debts170/4 | - | - | - | €0.03m | €0.05m | €0.1m | €0.1m | €0.08m | ▼ 20.9% |
| Amounts payable within one year42/48 | €0.4m | €0.2m | €0.1m | €0.2m | €0.3m | €0.2m | €0.2m | €0.3m | ▲ 75.8% |
| Trade debts44 | €0.05m | €0.09m | €0.05m | €0.1m | €0.1m | €0.2m | €0.1m | €0.2m | ▲ 30.3% |
| Suppliers440/4 | - | - | - | €0.1m | €0.1m | €0.2m | €0.1m | €0.2m | ▲ 30.3% |
| Taxes, remuneration and social security45 | - | - | - | €0.01m | €0.03m | €0.04m | €0.03m | €0.08m | ▲ 211% |
| Taxes450/3 | - | - | - | - | €0.01m | €0.03m | €0.02m | €0.07m | ▲ 336% |
| Remuneration and social security454/9 | - | - | - | €0.01m | €0.02m | €0.02m | €0.01m | €0.01m | ▲ 34.6% |
| Other amounts payable47/48 | - | - | - | €0.1m | €0.2m | €0.009m | €0.04m | €0.09m | ▲ 121% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,306 | €16,050 | -€9,399 | -€10,154 | €29,847 | €40,719 | €19,040 | €64,832 | ▲ 241% |
| + Depreciation and write-downs630 | €25,800 | €14,445 | €9,812 | €3,196 | €1,454 | €6,711 | €6,408 | €14,140 | ▲ 121% |
| Operating cash flow (approximation) | €40,105 | €30,495 | €413 | -€6,958 | €31,301 | €47,430 | €25,448 | €78,973 | ▲ 210% |
| Investment in fixed assets (approximation) | - | -€409,609 | €91,146 | -€13,289 | -€1,906 | €2,328 | -€210,287 | -€271,286 | ▼ 29.0% |
| Change in cash | - | €13,621 | €17,819 | -€25,736 | €12,731 | €34,853 | -€14,510 | -€17,098 | ▼ 17.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 11-09-2026 | 2026-00511526 |
| 31-12-2024 | abbreviated format | 29-09-2025 | 2025-00509671 |
| 31-12-2023 | abbreviated format | 20-09-2024 | 2024-00466407 |
| 31-12-2022 | abbreviated format | 29-09-2023 | 2023-00459991 |
| 31-12-2021 | abbreviated format | 04-11-2022 | 2022-20484431 |
| 31-12-2020 | abbreviated format | 08-11-2021 | 2021-76800455 |
| 31-12-2019 | abbreviated format | 31-08-2020 | 2020-47700236 |
| 31-12-2018 | abbreviated format | 26-09-2019 | 2019-67700002 |
| 31-12-2017 | abbreviated format | 14-08-2018 | 2018-46400519 |
| 31-12-2016 | abbreviated format | 11-07-2017 | 2017-30900394 |
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Of the 9,483 active companies whose main activity is installation of electric heating, air conditioning, cooling and ventilation (NACE 43222), figures are known for 5,768. 3,151 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2022 · 1 entry · €415 awarded · €415 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.