Delta HVAC
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 16-03-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is 63% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2024 | 31-12-2025 |
|---|---|---|
| Employees at the balance-sheet date | 2 | 9 |
| full-time | 2 | 9 |
| part-time | 0 | 0 |
| in full-time equivalents | 2 | 9 |
| Average over the year, in full-time equivalents | 2 | 6.5 |
| On a permanent contract | 2 | 9 |
| Joined | 2 | 10 |
| Left | 0 | 3 |
| Training hours | - | 0 |
Source: social balance sheet in the 2024 to 2025 annual accounts
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €7,082 | €33,792 |
| Depreciation and write-downs of the year | €139 | €9,105 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €10,860 | €359,606 | ▲ 33× |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €139 | €9,105 | ▲ 65× |
| Other operating charges640/8 | €543 | €4,253 | ▲ 684% |
| Gross operating margin9900 | €106,643 | €407,784 | ▲ 282% |
| Operating profit (loss)9901 | €95,100 | €34,821 | ▼ 63.4% |
| Financial income75/76B | - | €0 | - |
| Recurring financial income75 | - | €0 | - |
| Financial charges65/66B | €19 | €181 | ▲ 837% |
| Recurring financial charges65 | €19 | €181 | ▲ 837% |
| Profit (loss) for the period before taxes9903 | €95,081 | €34,639 | ▼ 63.6% |
| Income taxes67/77 | €23,640 | €9,596 | ▼ 59.4% |
| Profit (loss) for the period9904 | €71,441 | €25,044 | ▼ 64.9% |
| Profit (loss) for the period to be appropriated9905 | €71,441 | €25,044 | ▼ 64.9% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €108,557 | €185,204 | ▲ 70.6% |
| Fixed assets21/28 | €6,943 | €31,630 | ▲ 356% |
| Tangible fixed assets22/27 | €6,943 | €31,630 | ▲ 356% |
| Plant, machinery and equipment23 | €2,154 | €15,334 | ▲ 612% |
| Furniture and vehicles24 | €4,788 | €16,296 | ▲ 240% |
| Current assets29/58 | €101,614 | €153,574 | ▲ 51.1% |
| Amounts receivable within one year40/41 | €79,492 | €113,312 | ▲ 42.5% |
| Trade receivables40 | €25,000 | €17,996 | ▼ 28.0% |
| Other amounts receivable41 | €54,492 | €95,316 | ▲ 74.9% |
| Cash at bank and in hand54/58 | €22,123 | €39,214 | ▲ 77.3% |
| Deferred charges and accrued income490/1 | - | €1,049 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €108,557 | €185,204 | ▲ 70.6% |
| Equity10/15 | €76,441 | €101,484 | ▲ 32.8% |
| Contributions10/11 | €5,000 | €5,000 | = |
| Reserves13 | €71,441 | €96,484 | ▲ 35.1% |
| Distributable reserves133 | €71,441 | €96,484 | ▲ 35.1% |
| Amounts payable17/49 | €32,116 | €83,720 | ▲ 161% |
| Amounts payable within one year42/48 | €32,116 | €83,720 | ▲ 161% |
| Trade debts44 | €947 | €2,407 | ▲ 154% |
| Suppliers440/4 | €947 | €2,407 | ▲ 154% |
| Taxes, remuneration and social security45 | €31,170 | €70,973 | ▲ 128% |
| Taxes450/3 | €24,295 | €11,638 | ▼ 52.1% |
| Remuneration and social security454/9 | €6,874 | €59,335 | ▲ 763% |
| Other amounts payable47/48 | - | €10,340 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €71,441 | €25,044 | ▼ 64.9% |
| + Depreciation and write-downs630 | €139 | €9,105 | ▲ 65× |
| Operating cash flow (approximation) | €71,580 | €34,148 | ▼ 52.3% |
| Investment in fixed assets (approximation) | - | -€33,792 | - |
| Change in cash | - | €17,091 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as Delta HVAC has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Delta HVAC itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for Delta HVAC. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.