FM CHAUFFAGE
ActiveFM CHAUFFAGE has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €350k and a net result of €215k. Equity is growing by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 33% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability93▲+8
Solvency56▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity tight (current ratio 1.33 against 1.3 in 2023; short-term debt: 64.6% and cash: 53.1% of total assets), and 68.7% 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.
+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 →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
23 d late
2022
31 d late
2021
25 d late
2020
18 d late
2019
38 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€215k▲ 50.8%
2023 · €143k
2018: €76k
2019: €199k
2020: €217k
2021: €192k
2022: €168k
2023: €143k
2018 → 2024
Working capital
€236k▲ 9.1%
2023 · €216k
2018: €132k
2019: €127k
2020: €189k
2021: €186k
2022: €206k
2023: €216k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€294k-€309k▲ 5.3%€330k▲ 6.6%€325k▼ 1.3%€350k▲ 7.7%
Operating result€277k-€247k▼ 10.9%€211k▼ 14.4%€180k▼ 14.6%€274k▲ 51.8%
Net result€217k-€192k▼ 11.5%€168k▼ 12.7%€143k▼ 14.9%€215k▲ 50.8%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 52% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.12M
Fixed assets
€161k▲ 0.3%
Current assets
€959k▲ 3.4%
Equity and liabilities €1.12M
Equity
€350k▲ 7.7%
Debt
€770k▲ 0.9%
The debt ratio falls from 70.1% to 68.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€299k▲
2023 · €211k
Cash flow
€240k▲
2023 · €173k
Solvency
31.3%▲
2023 · 29.9%
Current ratio
1.33▲
2023 · 1.30
Quick ratio
1.31▲
2023 · 1.23
Debt / equity
2.20▼
2023 · 2.35
ROE
61.4%▲
2023 · 43.9%
ROA
19.2%▲
2023 · 13.1%
Interest coverage
165.61▼
2023 · 217.86
Debt
€770k▲
2023 · €763k
Debt ≤ 1 year
€724k▲
2023 · €712k
Debt > 1 year
€47k▼
2023 · €51k
Income taxes
€65k▲
2023 · €42k
Staff costs
€571k▲
2023 · €425k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.09M€1.12M▲
Fixed assets21/28€161k€161k▲
Tangible fixed assets22/27€160k€161k▲
Land and buildings22€130k€134k▲
Plant, machinery and equipment23€4k€5k▲
Furniture and vehicles24€27k€22k▼
Financial fixed assets28€160€160=
Current assets29/58€928k€959k▲
Stocks and contracts in progress3€50k€13k▼
Stocks30/36€50k€13k▼
Amounts receivable within one year40/41€207k€313k▲
Trade receivables40€164k€280k▲
Other amounts receivable41€42k€33k▼
Cash at bank and in hand54/58€647k€594k▼
Deferred charges and accrued income490/1€24k€39k▲
Equity and liabilities
Total equity and liabilities10/49€1.09M€1.12M▲
Equity10/15€325k€350k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€305k€330k▲
Amounts payable17/49€763k€770k▲
Amounts payable after more than one year17€51k€47k▼
Financial debts170/4€51k€47k▼
Amounts payable within one year42/48€712k€724k▲
Current portion of amounts payable after more than one year42€5k€5k▲
Trade debts44€135k€145k▲
Suppliers440/4€135k€145k▲
Advances received on contracts in progress46€14k€16k▲
Taxes, remuneration and social security45€45k€44k▼
Taxes450/3€23k€44k▲
Remuneration and social security454/9€21k€445▼
Other amounts payable47/48€513k€513k▼
Accrued charges and deferred income492/3€21-
Income statement
Code20232024
Remuneration, social security and pensions62€425k€571k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€25k▼
Other operating charges640/8€4k€3k▼
Non-recurring operating charges66A-€13k
Gross operating margin9900€639k€886k▲
Operating profit (loss)9901€180k€274k▲
Financial income75/76B€5k€9k▲
Recurring financial income75€5k€9k▲
Financial charges65/66B€969€2k▲
Recurring financial charges65€969€2k▲
Profit (loss) for the period before taxes9903€184k€281k▲
Income taxes67/77€42k€65k▲
Profit (loss) for the period9904€143k€215k▲
Profit (loss) for the period to be appropriated9905€143k€215k▲
Appropriation of the result
Profit (loss) to be appropriated9906€452k€520k▲
Profit (loss) brought forward from the previous period14P€309k€305k▼
Profit to be distributed694/7€147k€190k▲
Return on contributions (dividend)694€147k€190k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 23 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 25 days late
2021
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2020
31-12
Financial
Highest result since 2018net €217k ▲9.1%
Operating result €277k, net result €217k, both a record.
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 38 days late
2019
31-12
Financial
Equity above €200kEq €224k ▲37.8%
2 profitable years in a row build equity to €224k.
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Binche · 1 establishment unit since 2017
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.
Rue Madeleine(LEV) 1657134 BincheGround area
3.1 ha
Building footprint
126 m²
Volume, LiDAR
48 m³
2 parcels, Wallonia · tallest building 3.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
FM Chauffage
since 20172.261.369.215
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56011D0082/00S000 | Wallonia | 3.0 ha | 1 · 13 m² | 3.8 m · 1 fl. |
| 56043C0188/00F000 | Wallonia | 574 m² | 1 · 113 m² | - |
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.
Similar companies · same sector, comparable size
C.F. CHAUFFAGE
BE 0506.924.176
Manage · Eq €350k
AWG VENTILATIE
BE 0839.004.567
Zandhoven · Eq €351k
ENTREPRISES LECLUYSE
BE 0436.602.344
Charleroi · Eq €351k
DE BAERE INSTALLATIONS
BE 0502.908.970
Eeklo · Eq €349k
LOMBAERTS HEATING TECHNICS
BE 0885.770.247
Denderleeuw · Eq €349k
Of 9,524 companies in sector 43222 we hold annual accounts for 5,657. 4,411 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-12-2016
Fiscal year end31-12
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 8 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.