CLIMAWEST
ActiveCLIMAWEST has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.06M and a net result of €168k. Equity is growing by ~5.7% per year across the filed fiscal years. Its solvency ranks better than 43% of 2029 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▲+34
Solvency63▲+11
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity ample (current ratio 1.52 against 1.3 in 2024; short-term debt: 62% and cash: 2.3% of total assets), but 62.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
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
37.7%
Return on assets
6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
31 d early
2024
11 d late
2023
65 d late
2022
7 d late
2021
13 d early
2020
11 d early
2019
11 d early
← before the deadline
after the deadline →
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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€168k▲ 452%
2024 · €30k
2018: €229k
2019: €446k
2020: €3k
2021: €185k
2022: €825k
2023: €-442k
2024: €30k
2018 → 2025
Working capital
€903k▲ 24.4%
2024 · €726k
2018: €727k
2019: €906k
2020: €1.11M
2021: €1.40M
2022: €1.32M
2023: €672k
2024: €726k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€861k-€1.31M▲ 51.6%€863k▼ 33.9%€894k▲ 3.5%€1.06M▲ 18.8%
Operating result€290k-€1.15M▲ 295%€-386k€109k€209k▲ 92.7%
Net result€185k-€825k▲ 347%€-442k€30k€168k▲ 452%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 93% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.82M
Fixed assets
€166k▼ 11.4%
Current assets
€2.65M▼ 16.0%
Equity and liabilities €2.82M
Equity
€1.06M▲ 18.8%
Debt
€1.75M▼ 28.4%
The debt ratio falls from 73.3% to 62.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€297k▲
2024 · €203k
Cash flow
€256k▲
2024 · €125k
Solvency
37.7%▲
2024 · 26.7%
Current ratio
1.52▲
2024 · 1.30
Quick ratio
1.02▲
2024 · 0.94
Debt / equity
1.65▼
2024 · 2.74
ROE
15.8%▲
2024 · 3.4%
ROA
6.0%▲
2024 · 0.9%
Interest coverage
7.49▲
2024 · 2.62
Debt
€1.75M▼
2024 · €2.45M
Debt ≤ 1 year
€1.75M▼
2024 · €2.43M
Debt > 1 year
€863▼
2024 · €21k
Income taxes
€1k▼
2024 · €2k
Staff costs
€3.01M▲
2024 · €2.82M
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€3.34M€2.82M▼
Fixed assets21/28€188k€166k▼
Intangible fixed assets21-€36k
Tangible fixed assets22/27€188k€131k▼
Plant, machinery and equipment23€9k€12k▲
Furniture and vehicles24€136k€92k▼
Leasing and similar rights25€14k€7k▼
Other tangible fixed assets26€28k€20k▼
Current assets29/58€3.16M€2.65M▼
Stocks and contracts in progress3€863k€877k▲
Stocks30/36€845k€697k▼
Contracts in progress37€18k€180k▲
Amounts receivable within one year40/41€2.22M€1.67M▼
Trade receivables40€2.04M€1.51M▼
Other amounts receivable41€175k€158k▼
Cash at bank and in hand54/58€63k€64k▲
Deferred charges and accrued income490/1€12k€37k▲
Equity and liabilities
Total equity and liabilities10/49€3.34M€2.82M▼
Equity10/15€894k€1.06M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€832k€1,000k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€31k€31k=
Distributable reserves133€794k€963k▲
Amounts payable17/49€2.45M€1.75M▼
Amounts payable after more than one year17€21k€863▼
Financial debts170/4€21k€863▼
Amounts payable within one year42/48€2.43M€1.75M▼
Current portion of amounts payable after more than one year42€43k€20k▼
Trade debts44€748k€626k▼
Suppliers440/4€748k€626k▼
Advances received on contracts in progress46€37k€0▼
Taxes, remuneration and social security45€178k€185k▲
Taxes450/3€40k€2k▼
Remuneration and social security454/9€138k€183k▲
Other amounts payable47/48€1.42M€915k▼
Accrued charges and deferred income492/3-€7k
Income statement
Code20242025
Non-recurring operating income76A€6k€0▼
Remuneration, social security and pensions62€2.82M€3.01M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€95k€88k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€9k€0▼
Other operating charges640/8€73k€39k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€3.10M€3.34M▲
Operating profit (loss)9901€109k€209k▲
Financial income75/76B€917€0▼
Recurring financial income75€917€0▼
Financial charges65/66B€77k€40k▼
Recurring financial charges65€77k€40k▼
Profit (loss) for the period before taxes9903€32k€170k▲
Income taxes67/77€2k€1k▼
Profit (loss) for the period9904€30k€168k▲
Profit (loss) for the period to be appropriated9905€30k€168k▲
Appropriation of the result
Profit (loss) to be appropriated9906€30k€168k▲
Transfer from equity791/2€0-
Transfer to equity691/2€30k€168k▲
To other reserves6921€30k€168k▲
Social balance
Average headcount (FTE)908740.140.5▲
The notes to these accounts (17 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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Equity above €1MEq €1.06M ▲18.8%
2 profitable years in a row build equity to €1.06M.
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 11 days late
2024
31-12
Financial
Back to profitnet €30k
Net result €30k after one loss-making year.
06-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 65 days late
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 65 days late
2023
31-12
Financial
Weakest financial yearnet €-442k ▼154%
Net result drops to €-442k, the lowest in the series; recovery starts the following year.
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 7 days late
2022
31-12
Financial
Highest result since 2018net €825k ▲347%
Operating result €1.15M, net result €825k, both a record.
31-12
Financial
Equity above €1MEq €1.31M ▲51.6%
5 profitable years in a row build equity to €1.31M.
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
08-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
15 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, Zwevegem · 1 establishment unit since 2000
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.
Pluim(Z) 208550 ZwevegemGround area
6,924 m²
Building footprint
3,416 m²
Parcel 34042A1171/00A000, Flanders. Linked by address, not a title deed.
1 establishment unit
Climawest
since 20002.100.765.919
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34042A1171/00A000 | Flanders | 6,924 m² | 1 · 3,415 m² | - |
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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 4 entries · 13,398 EUR awarded · 13,444 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 2 | 9,000 EUR | 9,043 EUR |
| 2023 | 1 | 2,173 EUR | 2,176 EUR |
| 2022 | 1 | 2,225 EUR | 2,225 EUR |
Schemes
Werkbaarheidscheque (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
3 categoriesCLIMAWEST NV43286
Dual-learning approval
3 endedSimilar companies · same sector, comparable size
WIM LOUAGIE
BE 0462.633.283
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Alfons Ballet en zonen
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EDERGEN
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Mouscron · Eq €1.06M
GT THERMOSERVICE
BE 0884.468.863
Oostende · Eq €1.06M
LAGROU FILIP
BE 0898.689.162
Blankenberge · Eq €1.06M
Of 9,524 companies in sector 43222 we hold annual accounts for 5,657. 3,000 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded22-03-2000
Fiscal year end31-12
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
51100Air transport
52230Warehousing and support activities for transportation
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:Vicky@climawest.be