DB Verwarming
ActiveSummary
DB Verwarming has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €64k and a net result of €14k. Equity is growing by ~7.5% per year across the filed fiscal years. Its solvency ranks better than 51% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▼-4
Solvency73▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity tight (current ratio 1.21 against 1.23 in 2024; short-term debt: 42.1% and cash: 21.7% of total assets), and 52.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
47.7%
Return on assets
10.1%
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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
28 d early
2023
23 d early
2022
21 d early
2021
20 d early
2020
16 d early
2019
15 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€64k▲ 24.9%
2024 · €52k
2018: €36k
2019: €37k▲ +1.5% vs 2018
2020: €42k▲ +15.0% vs 2019
2021: €31k▼ -26.9% vs 2020lowest in 8 years
2022: €56k▲ +81.0% vs 2021
2023: €35k▼ -37.8% vs 2022
2024: €52k▲ +47.9% vs 2023
2025: €64k▲ +24.9% vs 2024highest in 8 years
2018 → 2025
Total assets
€135k▲ 6.5%
2024 · €127k
2018: €104k
2019: €83k▼ -20.3% vs 2018
2020: €81k▼ -2.4% vs 2019
2021: €66k▼ -18.1% vs 2020lowest in 8 years
2022: €102k▲ +54.9% vs 2021
2023: €80k▼ -21.9% vs 2022
2024: €127k▲ +58.4% vs 2023
2025: €135k▲ +6.5% vs 2024highest in 8 years
2018 → 2025
Net result
€14k▼ 18.2%
2024 · €17k
2018: €4k
2019: €1k▼ -66.4% vs 2018
2020: €6k▲ +374% vs 2019
2021: €-11k▼ -281% vs 2020
2022: €25k▲ +320% vs 2021highest in 8 years
2023: €-21k▼ -184% vs 2022lowest in 8 years
2024: €17k▲ +179% vs 2023
2025: €14k▼ -18.2% vs 2024
2018 → 2025
Working capital
€12k▼ 18.4%
2024 · €15k
2018: €19k
2019: €20k▲ +5.9% vs 2018
2020: €31k▲ +53.6% vs 2019
2021: €21k▼ -34.1% vs 2020
2022: €46k▲ +123% vs 2021highest in 8 years
2023: €28k▼ -38.9% vs 2022
2024: €15k▼ -47.6% vs 2023
2025: €12k▼ -18.4% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€31k-€56k▲ 81.0%€35k▼ 37.8%€52k▲ 47.9%€64k▲ 24.9%
2021: €31klowest in 5 years
2022: €56k▲ +81.0% vs 2021
2023: €35k▼ -37.8% vs 2022
2024: €52k▲ +47.9% vs 2023
2025: €64k▲ +24.9% vs 2024highest in 5 years
Operating result€-11k-€31k€-20k€18k€22k▲ 24.6%
2021: €-11k
2022: €31k▲ +385% vs 2021highest in 5 years
2023: €-20k▼ -163% vs 2022lowest in 5 years
2024: €18k▲ +189% vs 2023
2025: €22k▲ +24.6% vs 2024
Net result€-11k-€25k€-21k€17k€14k▼ 18.2%
2021: €-11k
2022: €25k▲ +320% vs 2021highest in 5 years
2023: €-21k▼ -184% vs 2022lowest in 5 years
2024: €17k▲ +179% vs 2023
2025: €14k▼ -18.2% vs 2024
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 25% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €135k
Fixed assets
€66k ▲ 38.6%
Current assets
€69k ▼ 12.9%
Equity and liabilities €135k
Equity
€64k ▲ 24.9%
Debt
€71k ▼ 6.1%
Debt's share of the balance-sheet total falls from 59.3% to 52.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€38k▲
2024 · €22k
Cash flow
€29k▲
2024 · €21k
Current ratio
1.21▼
2024 · 1.23
Quick ratio
1.01▲
2024 · 0.91
Debt to equity
1.10▼
2024 · 1.46
ROE
21.2%▼
2024 · 32.4%
ROA
10.1%▼
2024 · 13.2%
Interest coverage
8.58▼
2024 · 12.99
Debt ≤ 1 year
€57k▼
2024 · €64k
Debt > 1 year
€14k▲
2024 · €11k
Income taxes
€5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€127k€135k▲
Fixed assets21/28€48k€66k▲
Tangible fixed assets22/27€48k€66k▲
Plant, machinery and equipment23€1k€409▼
Furniture and vehicles24€46k€66k▲
Current assets29/58€79k€69k▼
Stocks and contracts in progress3€21k€11k▼
Stocks30/36€4k€5k▲
Contracts in progress37€17k€6k▼
Amounts receivable within one year40/41€41k€25k▼
Trade receivables40€14k€15k▲
Other amounts receivable41€27k€9k▼
Cash at bank and in hand54/58€14k€29k▲
Deferred charges and accrued income490/1€4k€4k=
Equity and liabilities
Total equity and liabilities10/49€127k€135k▲
Equity10/15€52k€64k▲
Contributions10/11€19k€19k=
Reserves13€34k€46k▲
Distributable reserves133€34k€46k▲
Profit (loss) carried forward14€-1k-
Amounts payable17/49€75k€71k▼
Amounts payable after more than one year17€11k€14k▲
Financial debts170/4€11k€14k▲
Amounts payable within one year42/48€64k€57k▼
Current portion of amounts payable after more than one year42€4k€6k▲
Trade debts44€9k€6k▼
Suppliers440/4€9k€6k▼
Taxes, remuneration and social security45€1k€5k▲
Taxes450/3€1k€5k▲
Other amounts payable47/48€50k€40k▼
Income statement
Code20242025
Non-recurring operating income76A€10€11▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€16k▲
Other operating charges640/8€367€580▲
Gross operating margin9900€22k€38k▲
Operating profit (loss)9901€18k€22k▲
Financial income75/76B€766€922▲
Recurring financial income75€766€922▲
Financial charges65/66B€2k€4k▲
Recurring financial charges65€2k€4k▲
Non-recurring financial charges66B€0€20▲
Profit (loss) for the period before taxes9903€17k€18k▲
Income taxes67/77-€5k
Profit (loss) for the period9904€17k€14k▼
Profit (loss) for the period to be appropriated9905€17k€14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1k€13k▲
Profit (loss) brought forward from the previous period14P€-18k€-1k▲
Transfer to equity691/2-€12k
To other reserves6921-€12k
Profit to be distributed694/7-€833
Return on contributions (dividend)694-€833
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €2 | €22 | €1 | €10 | €11 | ▲ 5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €8k | €3k | €4k | €16k | ▲ 275% |
| Other operating charges640/8 | €464 | €485 | €386 | €367 | €580 | ▲ 58.0% |
| Gross operating margin9900 | €-5k | €40k | €-16k | €22k | €38k | ▲ 72.3% |
| Operating profit (loss)9901 | €-11k | €31k | €-20k | €18k | €22k | ▲ 24.6% |
| Financial income75/76B | €862 | €1k | €874 | €766 | €922 | ▲ 20.5% |
| Recurring financial income75 | €862 | €1k | €874 | €766 | €922 | ▲ 20.5% |
| Financial charges65/66B | €1k | €2k | €2k | €2k | €4k | ▲ 162% |
| Recurring financial charges65 | €1k | €1k | €2k | €2k | €4k | ▲ 161% |
| Non-recurring financial charges66B | €0 | €23 | €0 | €0 | €20 | ▲ 39,060% |
| Profit (loss) for the period before taxes9903 | €-11k | €31k | €-21k | €17k | €18k | ▲ 10.6% |
| Income taxes67/77 | - | €6k | - | - | €5k | - |
| Profit (loss) for the period9904 | €-11k | €25k | €-21k | €17k | €14k | ▼ 18.2% |
| Profit (loss) for the period to be appropriated9905 | €-11k | €25k | €-21k | €17k | €14k | ▼ 18.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €66k | €102k | €80k | €127k | €135k | ▲ 6.5% |
| Fixed assets21/28 | €10k | €10k | €7k | €48k | €66k | ▲ 38.6% |
| Tangible fixed assets22/27 | €10k | €10k | €7k | €48k | €66k | ▲ 38.6% |
| Plant, machinery and equipment23 | €6k | €4k | €2k | €1k | €409 | ▼ 67.5% |
| Furniture and vehicles24 | €5k | €6k | €5k | €46k | €66k | ▲ 41.5% |
| Financial fixed assets28 | €38 | €38 | €58 | - | - | - |
| Current assets29/58 | €56k | €92k | €73k | €79k | €69k | ▼ 12.9% |
| Stocks and contracts in progress3 | €9k | €11k | €16k | €21k | €11k | ▼ 44.8% |
| Stocks30/36 | €2k | €5k | €6k | €4k | €5k | ▲ 29.0% |
| Contracts in progress37 | €7k | €6k | €10k | €17k | €6k | ▼ 63.2% |
| Amounts receivable within one year40/41 | €11k | €63k | €23k | €41k | €25k | ▼ 39.9% |
| Trade receivables40 | €11k | €55k | €16k | €14k | €15k | ▲ 11.0% |
| Other amounts receivable41 | €166 | €8k | €7k | €27k | €9k | ▼ 65.4% |
| Cash at bank and in hand54/58 | €35k | €18k | €33k | €14k | €29k | ▲ 110% |
| Deferred charges and accrued income490/1 | - | - | €614 | €4k | €4k | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €66k | €102k | €80k | €127k | €135k | ▲ 6.5% |
| Equity10/15 | €31k | €56k | €35k | €52k | €64k | ▲ 24.9% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €24k | €37k | €34k | €34k | €46k | ▲ 34.6% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €22k | €36k | €34k | €34k | €46k | ▲ 34.6% |
| Profit (loss) carried forward14 | €-11k | - | €-18k | €-1k | - | - |
| Amounts payable17/49 | €35k | €46k | €45k | €75k | €71k | ▼ 6.1% |
| Amounts payable after more than one year17 | - | - | - | €11k | €14k | ▲ 26.6% |
| Financial debts170/4 | - | - | - | €11k | €14k | ▲ 26.6% |
| Amounts payable within one year42/48 | €35k | €46k | €45k | €64k | €57k | ▼ 11.6% |
| Current portion of amounts payable after more than one year42 | €1k | - | - | €4k | €6k | ▲ 71.7% |
| Trade debts44 | €378 | €4k | €3k | €9k | €6k | ▼ 38.2% |
| Suppliers440/4 | €378 | €4k | €3k | €9k | €6k | ▼ 38.2% |
| Bills of exchange payable441 | - | €180 | €105 | - | - | - |
| Taxes, remuneration and social security45 | €1k | €3k | €2k | €1k | €5k | ▲ 234% |
| Taxes450/3 | €1k | €3k | €2k | €1k | €5k | ▲ 234% |
| Other amounts payable47/48 | €32k | €40k | €41k | €50k | €40k | ▼ 19.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-11k | €25k | €-21k | €17k | €14k | ▼ 18.2% |
| + Depreciation and write-downs630 | €6k | €8k | €3k | €4k | €16k | ▲ 275% |
| Operating cash flow (approximation) | €-5k | €33k | €-18k | €21k | €29k | ▲ 40.3% |
| Investment in fixed assets (approximation) | - | €-7k | €-20 | €-45k | €-34k | ▲ 24.5% |
| Change in cash | - | €-17k | €15k | €-20k | €15k | ▲ 178% |
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
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-21k
Net result drops to €-21k, the lowest in the series; recovery starts the following year.
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €25k
Net result €25k after one loss-making year.
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
02-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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.
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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, Puurs-Sint-Amands · 1 establishment unit since 2011
Ground area
641 m²
Building footprint
136 m²
Volume, LiDAR
806 m³
Parcel 12008A0303/00Z000, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Schaafstraat 49, 2870 Puurs-Sint-Amands
since 20112.206.008.543
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12008A0303/00Z000 | Flanders | 641 m² | 1 · 136 m² | 9.8 m · 2 fl. |
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 to 2025 · 3 entries · 1,119 EUR awarded · 1,119 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 105 EUR | 105 EUR |
| 2024 | 1 | 459 EUR | 459 EUR |
| 2023 | 1 | 555 EUR | 555 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 4,271 companies in sector 43230 we hold annual accounts for 1,240. 1,041 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
Founded17-11-2011
Fiscal year end31-12
Activities, NACEBEL 2025
43230Insulation installation
33110Repair and maintenance of fabricated metal products
43410Roofing work
Scores and ratios are computed by Checked and are not a credit decision.