HEAT 21
ActiveHEAT 21 has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €782k and a net result of €337k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 21% of 9690 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+100
Solvency15▲+13
Growth78=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity tight (current ratio 1.05 against 0.04 in 2023), and 95.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
4.2%
Return on assets
1.8%
Age of the figures
20 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 9690 sector peers (2024).
NBB · sector comparisonPosition among 9690 sector peers
Solvency
better than 21%
← weakest
strongest →
lowers risk · Growing equity
Equity grew over 2022-2024. Profits are largely retained rather than distributed.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €782k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
35 d early
2022
27 d early
2021
37 d early
2020
39 d early
2019
32 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€782k▲ 75.8%
2023 · €445k
2018: €-709k
2019: €-860k
2020: €943k
2021: €754k
2022: €709k
2023: €445k
2018 → 2024
Total assets
€18.51M▲ 30.6%
2023 · €14.17M
2018: €9.53M
2019: €10.01M
2020: €12.23M
2021: €12.37M
2022: €12.94M
2023: €14.17M
2018 → 2024
Net result
€337k
2023 · €-105k
2018: €-162k
2019: €-151k
2020: €-112k
2021: €-188k
2022: €-45k
2023: €-105k
2018 → 2024
Working capital
€922k
2023 · €-13.05M
2018: €-9.61M
2019: €-10.42M
2020: €-9.18M
2021: €-10.66M
2022: €-11.90M
2023: €-13.05M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€943k-€754k▼ 20.0%€709k▼ 6.0%€445k▼ 37.3%€782k▲ 75.8%
Operating result€12k-€-1.13M€-14k▲ 98.7%€-11k▲ 19.8%€483k
Net result€-112k-€-188k▼ 67.6%€-45k▲ 76.1%€-105k▼ 134%€337k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €483k after a loss of €11k in 2023, the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €18.51M
Equity
€782k▲ 75.8%
Debt
€17.73M▲ 29.1%
The debt ratio falls from 96.9% to 95.8%: equity grows faster than debt.
Key figures and ratios
Solvency
4.2%▲
2023 · 3.1%
Current ratio
1.05▲
2023 · 0.04
Quick ratio
0.11▲
2023 · 0.04
Debt / equity
22.66▼
2023 · 30.86
ROE
43.1%▲
2023 · -23.7%
ROA
1.8%▲
2023 · -0.7%
Debt
€17.73M▲
2023 · €13.73M
Debt ≤ 1 year
€17.59M▲
2023 · €13.63M
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€14.17M€18.51M▲
Fixed assets21/28€13.59M-
Tangible fixed assets22/27€13.59M-
Land and buildings22€8.97M-
Assets under construction and advance payments27€4.63M-
Current assets29/58€578k€18.51M▲
Stocks and contracts in progress3-€16.49M
Contracts in progress37-€16.49M
Amounts receivable within one year40/41€256k€384k▲
Other amounts receivable41€256k€384k▲
Cash at bank and in hand54/58€322k€1.64M▲
Equity and liabilities
Total equity and liabilities10/49€14.17M€18.51M▲
Equity10/15€445k€782k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€43k€43k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€37k€37k=
Profit (loss) carried forward14€-1.48M€-1.14M▲
Investment grants15€1.82M€1.82M=
Amounts payable17/49€13.73M€17.73M▲
Amounts payable within one year42/48€13.63M€17.59M▲
Financial debts43€10.46M€10.46M=
Credit institutions430/8€10.46M€10.46M=
Trade debts44€2k€19k▲
Suppliers440/4€2k€19k▲
Advances received on contracts in progress46-€2.47M
Other amounts payable47/48€3.17M€4.63M▲
Accrued charges and deferred income492/3€96k€140k▲
Income statement
Code20232024
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€16.00M
Other operating charges640/8€5k€1k▼
Gross operating margin9900€-7k€16.48M▲
Operating profit (loss)9901€-11k€483k▲
Financial charges65/66B€94k€146k▲
Recurring financial charges65€94k€146k▲
Profit (loss) for the period before taxes9903€-105k€337k▲
Profit (loss) for the period9904€-105k€337k▲
Profit (loss) for the period to be appropriated9905€-105k€337k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1.48M€-1.14M▲
Profit (loss) brought forward from the previous period14P€-1.37M€-1.48M▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €337k
Net result €337k after 6 loss-making years.
31-12
Financial
Liquidity times 25current ratio 1.05
Current ratio from 0.04 to 1.05.
31-12
Financial
Equity above €500kEq €782k ▲75.8%
Equity rises from €445k to €782k.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-188k
Net result drops to €-188k, the lowest in the series; recovery starts the following year.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €500kEq €943k
Equity rises from €-860k to €943k.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 91 days late
2017
03-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 3 days late
2016
16-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Herentals · 1 establishment unit since 1996
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.
Diamantstraat (HRT) 82200 HerentalsGround area
1.2 ha
Building footprint
3,044 m²
Volume, LiDAR
52,510 m³
Parcel 13027A0065/00F002, Flanders · tallest building 24.1 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Diamantstraat (HRT) 8, 2200 Herentals
since 19962.076.654.093
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13027A0065/00F002 | Flanders | 1.2 ha | 1 · 3,044 m² | 24.1 m · 6 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.
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EXCELLENCE BRUSSELS
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INMATY
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LUCASS
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Of 7,287 companies in sector 68110 we hold annual accounts for 5,352. 3,400 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded26-04-1996
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
70120
70100Activities of head offices
74152
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress 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.