D&O Heating
ActiveD&O Heating has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €192k and a net result of €58k. Equity is growing by ~19.3% per year across the filed fiscal years. Its solvency ranks better than 26% of 27787 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78▼-3
Solvency49▼-12
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity tight (current ratio 1.33 against 1.55 in 2024; short-term debt: 46.1% and cash: 17.6% of total assets), and 75.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 · 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
24.5%
Return on assets
7.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
30 d late
2022
29 d late
2021
25 d late
2020
16 d late
2019
21 d late
← 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€192k▲ 37.2%
2024 · €140k
2018: €52k
2019: €63k
2020: €70k
2021: €84k
2022: €107k
2023: €102k
2024: €140k
2018 → 2025
Total assets
€783k▲ 103%
2024 · €386k
2018: €77k
2019: €87k
2020: €109k
2021: €116k
2022: €121k
2023: €115k
2024: €386k
2018 → 2025
Net result
€58k▲ 53.6%
2024 · €37k
2018: €24k
2019: €11k
2020: €7k
2021: €14k
2022: €23k
2023: €-5k
2024: €37k
2018 → 2025
Working capital
€118k▼ 12.5%
2024 · €135k
2018: €48k
2019: €56k
2020: €64k
2021: €82k
2022: €105k
2023: €102k
2024: €135k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€84k-€107k▲ 28.0%€102k▼ 4.5%€140k▲ 36.6%€192k▲ 37.2%
Operating result€18k-€31k▲ 70.6%€-4k€59k€95k▲ 60.5%
Net result€14k-€23k▲ 66.4%€-5k€37k€58k▲ 53.6%
Turnover and EBIT margin not published: the micro 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 60% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €783k
Fixed assets
€305k▲ 5,699%
Current assets
€479k▲ 25.7%
Equity and liabilities €783k
Equity
€192k▲ 37.2%
Debt
€592k▲ 140%
The debt ratio rises from 63.8% to 75.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€101k▲
2024 · €60k
Cash flow
€63k▲
2024 · €38k
Solvency
24.5%▼
2024 · 36.2%
Current ratio
1.33▼
2024 · 1.55
Quick ratio
1.30▼
2024 · 1.51
Debt / equity
3.09▲
2024 · 1.76
ROE
30.0%▲
2024 · 26.8%
ROA
7.3%▼
2024 · 9.7%
Interest coverage
12.62▼
2024 · 19.80
Debt
€592k▲
2024 · €246k
Debt ≤ 1 year
€361k▲
2024 · €246k
Debt > 1 year
€231k
Income taxes
€30k▲
2024 · €19k
Staff costs
€4k▼
2024 · €4k
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€386k€783k▲
Fixed assets21/28€5k€305k▲
Tangible fixed assets22/27€5k€305k▲
Land and buildings22-€300k
Plant, machinery and equipment23€5k€5k▼
Current assets29/58€381k€479k▲
Stocks and contracts in progress3€9k€9k=
Stocks30/36€9k€9k=
Amounts receivable within one year40/41€349k€331k▼
Trade receivables40€325k€293k▼
Other amounts receivable41€24k€38k▲
Cash at bank and in hand54/58€22k€138k▲
Equity and liabilities
Total equity and liabilities10/49€386k€783k▲
Equity10/15€140k€192k▲
Contributions10/11€6k€620▼
Reserves13€32k€87k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€30k€85k▲
Profit (loss) carried forward14€102k€104k▲
Amounts payable17/49€246k€592k▲
Amounts payable after more than one year17-€231k
Financial debts170/4-€231k
Amounts payable within one year42/48€246k€361k▲
Current portion of amounts payable after more than one year42-€13k
Trade debts44€87k€184k▲
Suppliers440/4€87k€184k▲
Taxes, remuneration and social security45€29k€41k▲
Taxes450/3€20k€40k▲
Remuneration and social security454/9€9k€1k▼
Other amounts payable47/48€130k€123k▼
Income statement
Code20242025
Remuneration, social security and pensions62€4k€4k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€731€6k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€66k€107k▲
Operating profit (loss)9901€59k€95k▲
Financial income75/76B€32€418▲
Recurring financial income75€32€418▲
Financial charges65/66B€3k€8k▲
Recurring financial charges65€3k€8k▲
Profit (loss) for the period before taxes9903€56k€88k▲
Income taxes67/77€19k€30k▲
Profit (loss) for the period9904€37k€58k▲
Profit (loss) for the period to be appropriated9905€37k€58k▲
Appropriation of the result
Profit (loss) to be appropriated9906€132k€159k▲
Profit (loss) brought forward from the previous period14P€94k€102k▲
Transfer to equity691/2€30k€55k▲
To other reserves6921€30k€55k▲
The notes to these accounts (6 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2018net €58k ▲53.6%
Operating result €95k, net result €58k, both a record.
31-12
Financial
Equity above €150kEq €192k ▲37.2%
2 profitable years in a row build equity to €192k.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €37k
Net result €37k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-5k ▼121%
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Liquidity triplescurrent ratio 8.86
Current ratio from 3.53 to 8.86; short-term debt falls from €33k to €13k.
31-12
Financial
Equity above €100kEq €107k ▲28%
5 profitable years in a row build equity to €107k.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
2019
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
01-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 1 day late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Beringen · 1 establishment unit since 2015
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.
Pieter Vanhoudtstraat 673582 BeringenGround area
114 m²
Building footprint
114 m²
Parcel 71029B2118/00F002, Flanders. Linked by address, not a title deed.
1 establishment unit
D&O Heating
since 20152.249.568.966
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71029B2118/00F002 | Flanders | 114 m² | 1 · 114 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
2024 to 2025 · 2 entries · 1,233 EUR awarded · 1,233 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 177 EUR | 177 EUR |
| 2024 | 1 | 1,056 EUR | 1,056 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 22,826 companies in sector 43211 we hold annual accounts for 10,328. 8,335 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-08-2015
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:osi_makaveli@hotmail.com
Phone:0485159288