ECO HEATING
ActiveSummary
ECO HEATING has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.15M and a net result of €133k. Equity is growing by ~37.5% per year across the filed fiscal years. Its solvency ranks better than 31% of 150 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability60▼-12
Solvency55▲+4
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130k at 30 days acceptable
Liquidity tight (current ratio 1.48 against 1.5 in 2024; short-term debt: 44.7% and cash: 8.2% of total assets), and 70.1% of the assets are financed with debt.
Credit advice 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 33
Relative position
BE, all sectors
reference
Sector 33
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
29.9%
Return on assets
1.8%
Age of the figures
9 mo
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
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
27 d early
2023
23 d early
2022
11 d late
2021
31 d late
2020
9 d early
2019
42 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€9.32M▼ 30.6%
2024 · €13.43M
2024: €13.43M
2024 → 2025
EBIT margin
2.5%▼ 5.0pp
2024 · 7.4%
2024: 7.4%
2024 → 2025
Net result
€133k▼ 81.5%
2024 · €718k
2018: €92k
2019: €126k
2020: €184k
2021: €116k
2022: €151k
2023: €753k
2024: €718k
2018 → 2025
Working capital
€1.55M▼ 11.6%
2024 · €1.76M
2018: €901k
2019: €404k
2020: €719k
2021: €308k
2022: €444k
2023: €1.34M
2024: €1.76M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€13.43M€9.32M▼ 30.6%
Equity€580k-€701k▲ 20.9%€1.38M▲ 96.8%€2.02M▲ 46.6%€2.15M▲ 6.6%
Operating result€146k-€224k▲ 53.0%€1.07M▲ 379%€1.00M▼ 6.6%€230k▼ 77.0%
Net result€116k-€151k▲ 30.2%€753k▲ 399%€718k▼ 4.8%€133k▼ 81.5%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 77% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.20M
Fixed assets
€2.43M ▼ 5.6%
Current assets
€4.77M ▼ 10.1%
Equity and liabilities €7.20M
Equity
€2.15M ▲ 6.6%
Provisions
€1.09M ▼ 21.3%
Debt
€3.95M ▼ 11.6%
Debt's share of the balance-sheet total falls from 56.8% to 54.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€430k▼
2024 · €1.21M
Cash flow
€333k▼
2024 · €927k
Current ratio
1.48▼
2024 · 1.50
Quick ratio
1.07▼
2024 · 1.09
Debt to equity
1.83▼
2024 · 2.21
ROE
6.2%▼
2024 · 35.5%
ROA
1.8%▼
2024 · 9.1%
Interest coverage
19.48▼
2024 · 45.02
Debt ≤ 1 year
€3.21M▼
2024 · €3.55M
Debt > 1 year
€737k▼
2024 · €923k
Income taxes
€59k▼
2024 · €254k
Staff costs
€1.62M▲
2024 · €1.36M
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 · 85 lines
Balance sheet
Code20242025
Assets
Total assets20/58€7.88M€7.20M▼
Fixed assets21/28€2.57M€2.43M▼
Intangible fixed assets21€675€0▼
Tangible fixed assets22/27€1.37M€1.17M▼
Land and buildings22€1.08M€1.01M▼
Plant, machinery and equipment23€20k€11k▼
Furniture and vehicles24€269k€148k▼
Financial fixed assets28€1.21M€1.26M▲
Affiliated companies280/1€1.20M€1.25M▲
Participating interests280€825k€825k=
Amounts receivable281€379k€429k▲
Other financial fixed assets284/8€2k€3k▲
Shares284-€1k
Amounts receivable and cash guarantees285/8€2k€2k=
Current assets29/58€5.31M€4.77M▼
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Stocks and contracts in progress3€1.44M€1.33M▼
Stocks30/36€1.44M€1.33M▼
Raw materials and consumables30/31€1.44M€1.33M▼
Amounts receivable within one year40/41€2.78M€2.63M▼
Trade receivables40€2.34M€2.30M▼
Other amounts receivable41€438k€335k▼
Current investments50/53€380k€0▼
Other investments51/53€380k€0▼
Cash at bank and in hand54/58€696k€593k▼
Deferred charges and accrued income490/1€7k€209k▲
Equity and liabilities
Total equity and liabilities10/49€7.88M€7.20M▼
Equity10/15€2.02M€2.15M▲
Contributions10/11€20k€20k=
Reserves13€16k€16k=
Tax-exempt reserves132€14k€14k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€1.99M€2.12M▲
Provisions and deferred taxes16€1.39M€1.09M▼
Provisions for liabilities and charges160/5€1.39M€1.09M▼
Other liabilities and charges164/5€1.39M€1.09M▼
Amounts payable17/49€4.47M€3.95M▼
Amounts payable after more than one year17€923k€737k▼
Financial debts170/4€923k€737k▼
Credit institutions173€923k€737k▼
Amounts payable within one year42/48€3.55M€3.21M▼
Current portion of amounts payable after more than one year42€200k€186k▼
Financial debts43€700k€500k▼
Credit institutions430/8€700k€500k▼
Trade debts44€1.79M€1.71M▼
Suppliers440/4€1.79M€1.71M▼
Advances received on contracts in progress46€629k€621k▼
Taxes, remuneration and social security45€143k€199k▲
Taxes450/3€3k€9k▲
Remuneration and social security454/9€140k€190k▲
Other amounts payable47/48€89k€0▼
Income statement
Code20242025
Operating income70/76A€13.53M€9.91M▼
Turnover70€13.43M€9.32M▼
Other operating income74€81k€78k▼
Non-recurring operating income76A€16k€504k▲
Operating charges60/66A€12.53M€9.68M▼
Goods for resale, raw materials and consumables60€9.10M€6.13M▼
Purchases600/8€9.74M€6.02M▼
Change in stocks: decrease (increase)609€-639k€109k▲
Services and other goods61€1.54M€1.49M▼
Remuneration, social security and pensions62€1.36M€1.62M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€209k€200k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€297k€181k▼
Other operating charges640/8€26k€48k▲
Non-recurring operating charges66A-€15k
Operating profit (loss)9901€1.00M€230k▼
Financial income75/76B€137€905▲
Recurring financial income75€137€905▲
Income from current assets751€0€1▲
Other financial income752/9€137€904▲
Financial charges65/66B€29k€39k▲
Recurring financial charges65€29k€39k▲
Debt charges650€27k€22k▼
Other financial charges652/9€2k€17k▲
Profit (loss) for the period before taxes9903€971k€192k▼
Income taxes67/77€254k€59k▼
Taxes670/3€254k€59k▼
Profit (loss) for the period9904€718k€133k▼
Profit (loss) for the period to be appropriated9905€718k€133k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.06M€2.12M▲
Profit (loss) brought forward from the previous period14P€1.34M€1.99M▲
Profit to be distributed694/7€75k€0▼
Return on contributions (dividend)694€75k€0▼
Social balance
Average headcount (FTE)908721.221.8▲
The notes to these accounts (53 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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €2MEq €2.02M ▲46.6%
7 profitable years in a row build equity to €2.02M.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €753k ▲399%
Operating result €1.07M, net result €753k, both a record.
31-12
Financial
Equity above €1MEq €1.38M ▲96.8%
6 profitable years in a row build equity to €1.38M.
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 11 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Equity above €500kEq €580k ▲25%
4 profitable years in a row build equity to €580k.
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
14-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 14 days 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, Melle · 1 establishment unit since 2008
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.
Brusselsesteenweg 58-609090 MelleGround area
7,180 m²
Building footprint
1,865 m²
Volume, LiDAR
11,329 m³
2 parcels, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ECO HEATING
since 20082.167.513.894
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42025G1502/00A000 | Flanders | 6,213 m² | 1 · 1,684 m² | 8.7 m · 2 fl. |
| 44402A0385/00W014 | Flanders | 967 m² | 1 · 180 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 2025 · 4 entries · 19,382 EUR awarded · 15,239 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 5,053 EUR | 1,509 EUR |
| 2024 | 1 | 7,355 EUR | 6,756 EUR |
| 2023 | 1 | 5,940 EUR | 5,940 EUR |
| 2022 | 1 | 1,034 EUR | 1,034 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
3 categoriesECO HEATING BV46182
Similar companies · same sector, comparable size
DYMOTEC
BE 0460.004.088
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ASSEMBLICS
BE 0427.170.479
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CGers
BE 0891.377.738
Heusden-Zolder · Eq €2.13M
TWS Belgium
BE 0862.666.728
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STRAMM
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Lendelede · Eq €2.03M
Of 1,225 companies in sector 33200 we hold annual accounts for 676. 260 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-12-2007
Fiscal year end31-12
Activities, NACEBEL 2025
33200Installation of industrial machinery and equipment
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.