Gert Horemans Heating
ActiveThe computed 12-month bankruptcy probability of Gert Horemans Heating is 2.0% (moderate). The 2025 annual accounts show equity of €194k and a net result of €184k. Its solvency ranks better than 45% of 27450 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes
Profitability100
Solvency68
Growth-
Track record67
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days only on tighter terms
Liquidity ample (current ratio 1.66; short-term debt: 37.8% and cash: 35.3% of total assets), but 57% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
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 →
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
43%
Return on assets
40.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 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 · 1 filingDeviation from the deadline
2025
17 d late
← before the deadline
after the deadline →
Financials · fiscal year 2025, micro schema
Equity
€194k
Total assets
€452k
Net result
€184k
Working capital
€113k
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €452k
Fixed assets
€169k
Current assets
€284k
Equity and liabilities €452k
Equity
€194k
Debt
€258k
Debt finances 57.0% of the balance-sheet total.
Key figures and ratios
EBITDA
€281k
Cash flow
€226k
Solvency
43.0%
Current ratio
1.66
Quick ratio
1.66
Debt / equity
1.33
ROE
94.9%
ROA
40.8%
Interest coverage
57.27
Debt
€258k
Debt ≤ 1 year
€171k
Debt > 1 year
€82k
Income taxes
€56k
Filed annual accounts
As filed with the NBB · 2025
Balance sheet
Code2025
Assets
Total assets20/58€452k
Fixed assets21/28€169k
Intangible fixed assets21€3k
Tangible fixed assets22/27€166k
Land and buildings22€125k
Plant, machinery and equipment23€12k
Furniture and vehicles24€29k
Current assets29/58€284k
Amounts receivable within one year40/41€123k
Trade receivables40€107k
Other amounts receivable41€16k
Cash at bank and in hand54/58€160k
Deferred charges and accrued income490/1€1k
Equity and liabilities
Total equity and liabilities10/49€452k
Equity10/15€194k
Contributions10/11€10k
Reserves13€184k
Distributable reserves133€184k
Profit (loss) carried forward14€10
Amounts payable17/49€258k
Amounts payable after more than one year17€82k
Financial debts170/4€82k
Amounts payable within one year42/48€171k
Current portion of amounts payable after more than one year42€9k
Trade debts44€84k
Suppliers440/4€84k
Advances received on contracts in progress46€22k
Taxes, remuneration and social security45€57k
Taxes450/3€57k
Accrued charges and deferred income492/3€5k
Income statement
Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€42k
Other operating charges640/8€3k
Gross operating margin9900€284k
Operating profit (loss)9901€239k
Financial income75/76B€6k
Recurring financial income75€6k
Financial charges65/66B€5k
Recurring financial charges65€5k
Profit (loss) for the period before taxes9903€240k
Income taxes67/77€56k
Profit (loss) for the period9904€184k
Profit (loss) for the period to be appropriated9905€184k
Appropriation of the result
Profit (loss) to be appropriated9906€184k
Transfer to equity691/2€184k
To other reserves6921€184k
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 17 days late
NBB filing
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, Tielt-Winge · 1 establishment unit since 2024
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.
Hazelaarsstraat 483391 Tielt-WingeGround area
1,364 m²
Building footprint
203 m²
Volume, LiDAR
1,017 m³
Parcel 24067B0034/00R000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Gert Horemans Heating
since 20242.356.503.647
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24067B0034/00R000 | Flanders | 1,364 m² | 1 · 202 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
2025 · 1 entry · 295 EUR awarded · 295 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 295 EUR | 295 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 7,033 companies in sector 43221 we hold annual accounts for 3,468. 2,901 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-02-2024
Fiscal year end31-12
Activities, NACEBEL
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
43299Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 1 filingAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.