FUTURE CLIMA
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 15-07-2026 at the NBB all 16 filings
Turnover
≈ €3.1m
Estimated: probably between €2.1m and €5.0m
Total assets
€4.3m▼ 1.4%
2024 · €4.3m
Net result
€179,884▼ 43.5%
2024 · €318,533
Working capital
€2.1m▲ 11.3%
2024 · €1.9m
In the rankings
#4 employer in Limburg, Repair and installation of machinery sector#6 company by equity in Limburg, Repair and installation of machinery sector#7 company by total assets in Limburg, Repair and installation of machinery sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€282,075
▼ 30.8%
2025
20182025
Net result
€179,884
▼ 43.5%
2025
highest quarter of the sector
20182025
Equity
€2.6m
▲ 7.5%
2025
highest quarter of the sector
20182025
Total assets
€4.3m
▼ 1.4%
2025
highest quarter of the sector
20182025
Debt
€1.7m
▼ 12.6%
2025
20182025
Working capital
€2.1m
▲ 11.3%
2025
highest quarter of the sector
20182025
Solvency
60.8%
▲ 5.0pp
2025
highest quarter of the sector
20182025
Current ratio
2.37
▲ 0.32
2025
middle half of the sector
20182025
Return on assets (ROA)
4.2%
▼ 3.2pp
2025
middle half of the sector
20182025
Staff (FTE)
23.5
▲ 14.1%
2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.3m-€0.9m▲ 214%€0.6m▼ 33.9%€0.2m▼ 67.1%€0.1m▼ 22.3%-€0.4m€0.4m€0.3m▼ 30.8%
Net result€0.2m-€0.6m▲ 271%€0.3mabove the sector's middle half▼ 43.9%€0.2mabove the sector's middle half▼ 33.9%€0.09mwithin the sector's middle half▼ 57.5%-€0.4mbelow the sector's middle half€0.3mabove the sector's middle half€0.2mabove the sector's middle half▼ 43.5%
Equity€1.3m-€1.9m▲ 44.9%€2.2mabove the sector's middle half▲ 17.3%€2.4mabove the sector's middle half▲ 9.7%€2.5mabove the sector's middle half▲ 3.8%€2.1mabove the sector's middle half▼ 17.0%€2.4mabove the sector's middle half▲ 15.2%€2.6mabove the sector's middle half▲ 7.5%
Total assets€3.6m-€4.3m▲ 17.9%€5.1mabove the sector's middle half▲ 18.2%€4.9mabove the sector's middle half▼ 2.5%€4.7mabove the sector's middle half▼ 4.3%€5.4mabove the sector's middle half▲ 13.2%€4.3mabove the sector's middle half▼ 19.3%€4.3mabove the sector's middle half▼ 1.4%
Debt€2.3m-€2.4m▲ 2.8%€2.8m▲ 19.1%€2.5m▼ 12.0%€2.2m▼ 12.3%€3.3m▲ 49.3%€1.9m▼ 41.5%€1.7m▼ 12.6%
Working capital€1.2m-€1.5m▲ 27.7%€1.6mabove the sector's middle half▲ 8.2%€1.7mabove the sector's middle half▲ 6.6%€1.7mabove the sector's middle half▼ 1.7%€1.3mabove the sector's middle half▼ 22.3%€1.9mabove the sector's middle half▲ 44.5%€2.1mabove the sector's middle half▲ 11.3%
Solvency35.8%-44.0%▲ 8.2pp43.6%within the sector's middle half▼ 0.4pp49.1%within the sector's middle half▲ 5.5pp53.3%within the sector's middle half▲ 4.2pp39.1%within the sector's middle half▼ 14.2pp55.8%within the sector's middle half▲ 16.7pp60.8%above the sector's middle half▲ 5.0pp
Current ratio1.60-1.72▲ 0.121.65within the sector's middle half▼ 0.071.82within the sector's middle half▲ 0.171.87within the sector's middle half▲ 0.051.42within the sector's middle half▼ 0.452.05within the sector's middle half▲ 0.632.37within the sector's middle half▲ 0.32
Return on assets (ROA)4.3%-13.5%▲ 9.2pp6.4%within the sector's middle half▼ 7.1pp4.4%within the sector's middle half▼ 2.1pp1.9%within the sector's middle half▼ 2.4pp-8.0%below the sector's middle half▼ 9.9pp7.4%within the sector's middle half▲ 15.4pp4.2%within the sector's middle half▼ 3.2pp
Staff (FTE)23.9-29.9▲ 25.1%36.5above the sector's middle half▲ 22.1%38.9above the sector's middle half▲ 6.6%32.1above the sector's middle half▼ 17.5%21.9above the sector's middle half▼ 31.8%20.6above the sector's middle half▼ 5.9%23.5above the sector's middle half▲ 14.1%
above
within
below
The sector band is the middle half of the companies in Repair, maintenance and installation of machinery and equipment (NACE 33). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 31% lower than in 2024.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.3m
Fixed assets
€632,650 ▼ 0.9%
Current assets
€3.6m ▼ 1.5%
Equity and liabilities €4.3m
Equity
€2.6m ▲ 7.5%
Debt
€1.7m ▼ 12.6%
Debt's share of the balance-sheet total falls from 44.2% to 39.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€404,082▼
2024 · €530,044
Cash flow
€301,892▼
2024 · €440,718
Quick ratio
2.09▲
2024 · 1.70
Debt to equity
0.64▼
2024 · 0.79
ROE
6.9%▼
2024 · 13.2%
Interest coverage
11.62▲
2024 · 6.14
Debt ≤ 1 year
€1.5m▼
2024 · €1.8m
Debt > 1 year
€142,243▲
2024 · €114,508
Income taxes
€73,763▲
2024 · €10,974
Staff costs
€1.4m▲
2024 · €1.3m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 37 | 26 | 21 | 22 | 24 |
| full-time | 35 | 24 | 18 | 21 | 20 |
| part-time | 2 | 2 | 3 | 1 | 4 |
| in full-time equivalents | 36.2 | 25 | 20.4 | 21.8 | 23 |
| Average over the year, in full-time equivalents | 38.9 | 32.1 | 21.9 | 20.6 | 23.5 |
| On a permanent contract | 37 | 26 | 21 | 22 | 22 |
| Joined | 10 | 12 | 8 | 4 | 10 |
| Left | 13 | 23 | 13 | 3 | 8 |
| Training hours | - | - | 205 | 99 | 405 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €486,350 | - | - | - | - |
| Debts guaranteed by Belgian public bodies | - | - | - | €124,072 | €90,549 |
| Mortgages, amount registered | - | - | - | €100,000 | €100,000 |
| Mortgage mandates | - | - | - | €360,000 | €360,000 |
| Pledge on the business | - | - | - | €530,000 | €530,000 |
| Mandates to pledge the business | - | - | - | €100,000 | €100,000 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €201,754 | €28,259 | €114,186 | €5,356 | €166,374 |
| Financial fixed assets | €232,031 | €69,494 | - | - | €0 |
| Depreciation and write-downs of the year | €125,355 | €129,984 | €143,878 | €122,185 | €122,007 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · €6,060 awarded · €6,060 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €3,206 | €3,206 |
| 2024 | 1 | €655 | €655 |
| 2023 | 1 | €1,843 | €2,125 |
| 2022 | 1 | €356 | €74 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €1.9m | €1.7m | €1.3m | €1.3m | €1.4m | ▲ 9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.1m | €0.09m | €0.09m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | €0.09m | -€0.007m | - |
| Other operating charges640/8 | - | - | - | €0.01m | €0.009m | €0.01m | €0.008m | €0.009m | ▲ 10.1% |
| Non-recurring operating charges66A | - | - | - | - | €0.001m | €0.002m | €0.001m | €0.001m | ▲ 127% |
| Gross operating margin9900 | €2.1m | €2.6m | €2.5m | €2.2m | €2.0m | €1.1m | €1.9m | €1.8m | ▼ 5.8% |
| Operating profit (loss)9901 | €0.3m | €0.9m | €0.6m | €0.2m | €0.1m | -€0.4m | €0.4m | €0.3m | ▼ 30.8% |
| Financial income75/76B | - | - | - | €0.008m | €0.004m | €0.04m | €0.008m | €0.006m | ▼ 19.7% |
| Recurring financial income75 | €0.005m | €374 | €220 | €0.008m | €0.004m | €0.04m | €0.008m | €0.006m | ▼ 19.7% |
| Financial charges65/66B | - | - | - | €0.02m | €0.02m | €0.03m | €0.09m | €0.03m | ▼ 59.7% |
| Recurring financial charges65 | €0.02m | €0.01m | €0.03m | €0.02m | €0.02m | €0.03m | €0.09m | €0.03m | ▼ 59.7% |
| Profit (loss) for the period before taxes9903 | €0.3m | €0.9m | €0.5m | €0.2m | €0.1m | -€0.4m | €0.3m | €0.3m | ▼ 23.0% |
| Income taxes67/77 | €0.1m | €0.3m | €0.2m | -€0.04m | €0.04m | €0.02m | €0.01m | €0.07m | ▲ 572% |
| Profit (loss) for the period9904 | €0.2m | €0.6m | €0.3m | €0.2m | €0.09m | -€0.4m | €0.3m | €0.2m | ▼ 43.5% |
| Transfer from tax-exempt reserves789 | - | - | - | - | - | €0.3m | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €0.2m | €0.3m | €0.3m | €0.2m | €0.09m | -€0.1m | €0.3m | €0.2m | ▼ 43.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €3.6m | €4.3m | €5.1m | €4.9m | €4.7m | €5.4m | €4.3m | €4.3m | ▼ 1.4% |
| Fixed assets21/28 | €0.5m | €0.8m | €1.0m | €1.2m | €1.1m | €1.0m | €0.6m | €0.6m | ▼ 0.9% |
| Intangible fixed assets21 | €0.003m | - | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €0.5m | €0.5m | €0.6m | €0.7m | €0.6m | €0.5m | €0.4m | €0.5m | ▲ 10.9% |
| Land and buildings22 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 6.2% |
| Plant, machinery and equipment23 | - | - | - | €0.009m | €0.003m | €0 | - | €0.02m | - |
| Furniture and vehicles24 | - | - | - | €0.07m | €0.07m | €0.07m | €0.07m | €0.04m | ▼ 35.5% |
| Leasing and similar rights25 | - | - | - | €0.3m | €0.2m | €0.2m | €0.07m | €0.1m | ▲ 97.5% |
| Other tangible fixed assets26 | - | - | - | €122 | €109 | €0 | - | - | - |
| Financial fixed assets28 | €0.002m | €0.3m | €0.4m | €0.5m | €0.6m | €0.4m | €0.2m | €0.2m | ▼ 21.6% |
| Current assets29/58 | €3.1m | €3.5m | €4.1m | €3.8m | €3.6m | €4.4m | €3.7m | €3.6m | ▼ 1.5% |
| Stocks and contracts in progress3 | €0.04m | €0.07m | €0.07m | €0.07m | €0.3m | €0.3m | €0.6m | €0.4m | ▼ 29.9% |
| Stocks30/36 | - | - | - | €0.07m | €0.3m | €0.3m | €0.6m | €0.4m | ▼ 29.9% |
| Amounts receivable within one year40/41 | €2.7m | €1.9m | €3.5m | €2.2m | €2.8m | €3.4m | €2.0m | €1.7m | ▼ 12.7% |
| Trade receivables40 | - | - | - | €2.0m | €2.6m | €3.1m | €1.9m | €1.6m | ▼ 14.2% |
| Other amounts receivable41 | - | - | - | €0.3m | €0.2m | €0.3m | €0.1m | €0.1m | ▲ 12.4% |
| Cash at bank and in hand54/58 | €0.3m | €1.5m | €0.5m | €1.5m | €0.4m | €0.6m | €1.0m | €1.4m | ▲ 36.7% |
| Deferred charges and accrued income490/1 | - | - | - | €0.005m | - | €0.008m | €0.04m | €0.04m | ▼ 9.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €3.6m | €4.3m | €5.1m | €4.9m | €4.7m | €5.4m | €4.3m | €4.3m | ▼ 1.4% |
| Equity10/15 | €1.3m | €1.9m | €2.2m | €2.4m | €2.5m | €2.1m | €2.4m | €2.6m | ▲ 7.5% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €1.3m | €1.9m | €2.2m | €2.4m | €2.5m | €0.3m | €0.3m | €0.3m | = |
| Tax-exempt reserves132 | - | - | - | €0.3m | €0.3m | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €2.1m | €2.2m | €0.3m | €0.3m | €0.3m | = |
| Profit (loss) carried forward14 | - | - | - | - | - | €1.8m | €2.1m | €2.3m | ▲ 8.5% |
| Provisions and deferred taxes16 | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0 | - | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | €0.03m | €0.03m | €0 | - | - | - |
| Major repairs and maintenance162 | - | - | - | - | - | €0 | - | - | - |
| Other liabilities and charges164/5 | - | - | - | €0.03m | €0.03m | - | - | - | - |
| Amounts payable17/49 | €2.3m | €2.4m | €2.8m | €2.5m | €2.2m | €3.3m | €1.9m | €1.7m | ▼ 12.6% |
| Amounts payable after more than one year17 | €0.4m | €0.3m | €0.4m | €0.3m | €0.3m | €0.2m | €0.1m | €0.1m | ▲ 24.2% |
| Financial debts170/4 | - | - | - | €0.3m | €0.3m | €0.2m | €0.1m | €0.1m | ▲ 24.2% |
| Amounts payable within one year42/48 | €1.9m | €2.1m | €2.5m | €2.1m | €1.9m | €3.1m | €1.8m | €1.5m | ▼ 15.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.1m | €0.08m | €0.1m | €0.07m | €0.08m | ▲ 18.0% |
| Financial debts43 | - | - | - | - | - | €0.4m | €0.4m | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | - | - | €0.4m | €0.4m | €0 | ▼ 100% |
| Trade debts44 | €1.7m | €1.7m | €2.2m | €1.8m | €1.7m | €2.5m | €1.3m | €1.3m | ▼ 0.1% |
| Suppliers440/4 | - | - | - | €1.8m | €1.7m | €2.5m | €1.3m | €1.3m | ▼ 0.1% |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.1m | €0.08m | €0.04m | €0.2m | ▲ 353% |
| Taxes450/3 | - | - | - | €0.02m | - | €0.006m | €0.001m | €0.08m | ▲ 121× |
| Remuneration and social security454/9 | - | - | - | €0.1m | €0.1m | €0.08m | €0.04m | €0.09m | ▲ 153% |
| Other amounts payable47/48 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | €0.06m | - | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.2m | €0.6m | €0.3m | €0.2m | €0.09m | -€0.4m | €0.3m | €0.2m | ▼ 43.5% |
| + Depreciation and write-downs630 | €0.1m | €0.09m | €0.09m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 0.1% |
| Operating cash flow (approximation) | €0.3m | €0.7m | €0.4m | €0.3m | €0.2m | -€0.3m | €0.4m | €0.3m | ▼ 31.5% |
| Investment in fixed assets (approximation) | - | -€0.3m | -€0.4m | -€0.3m | -€0.1m | €0.01m | €0.2m | -€0.1m | - |
| Change in cash | - | €1.1m | -€1.0m | €1.0m | -€1.0m | €0.2m | €0.4m | €0.4m | ▼ 4.7% |
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, 6,049 companies had the same profile as FUTURE CLIMA has now. Two years later, 95.9% were still going and 0.4% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
95.9%
was still going
3.6%
stopped otherwise
0.4%
went bankrupt
That fits the bankruptcy probability of FUTURE CLIMA itself: < 0.1% 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 6,049 companies, not a prediction for FUTURE CLIMA. 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.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 15-07-2026 | 2026-00324931 | |
| 31-12-2024 | abbreviated format | 09-07-2025 | 2025-00255266 | |
| 31-12-2023 | abbreviated format | 30-08-2024 | 2024-00453930 | |
| 31-12-2022 | abbreviated format | 13-07-2023 | 2023-00232076 | |
| 31-12-2021 | abbreviated format | 18-07-2022 | 2022-20193426 | |
| 31-12-2020 | abbreviated format | 25-08-2021 | 2021-53100569 | |
| 31-12-2019 | abbreviated format | 07-07-2020 | 2020-27700586 | |
| 31-12-2018 | abbreviated format | 28-06-2019 | 2019-27300197 | |
| 30-06-2017 | abbreviated format | 20-12-2017 | 2017-73200089 | |
| 30-06-2016 | abbreviated format | 19-12-2016 | 2016-70700345 |