Skip to content

HEAT 21

Active
Public limited companyfounded 1996active for 30 yearsDiamantstraat (HRT) 8, 2200 Herentals, Belgium257 active companies are registered at this addressKBO/BCE: BE 0457.877.018
Summary

HEAT 21 has been active since 1996 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.0m and a net result of €6.9m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 16% of 5,778 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow ReportCompare
HEAT 21ActiveChecked score 91/100
Risk analysis ReportCompare

Overview

Activity
Buying and selling of own real estate
NACE 68110
2nd largest company by total assets in Herentals, Real estate sector1 site
Size
≈ €59.0mturnover 2025, estimated
Equity
€2.0m
Profit
€6.9m
Turnover estimated from the gross marginNet result +1,945%: other schema
Financial health
91 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Parent
Gruppo XXI BV
Board
4 members
Auditor: VAN HAVERMAET BEDRIJFSREVISOREN2025 accounts 39 days early3 of 10 deeds summarised
Why 91raises riskLiquidity: current ratio 1.02, cash €164,699, halvedEquity €2.0m (2.4% of total assets)lowers riskSize: total assets €83.2mFounded in 1996Show the evidence

Checked score

Score 2025
91 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 44% of its sector peers (NACE 68, large)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 27-2
equity 2.4% of total assets
Liquidity 0-11
short-term debt 97.6% · cash 0.2%
Profitability 58+16
return on assets 8.3%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (318 companies, NACE 68, large)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.2%▲ +0.1 percentage points vs 06-2025highest value 08-2025: < 0.1%▼ -0.2 percentage points vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025lowest value 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: 0.1%▲ +0.1 percentage points vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026
Credit of up to €180,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.02, compared with 1.05 in 2024, below the usual 1.5; short-term debt: 97.6% and cash: 0.2% of total assets), and 97.6% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, large): better than 14% on solvency, 2% on liquidity, 69% on profitability and 93% on growth.

The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Seven signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €83.2m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 1.02, cash €164,699, halved
NBB · annual accounts
lowers risk · Founded in 1996
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Equity €2.0m (2.4% of total assets)
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 5778 sector peers (2025).
NBB · sector comparison
Position among 5778 sector peers
Solvency
better than 16%
← weakest strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €2.0m
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 22-06-2026, 39 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
39 days early
2024
31 days early
2023
35 days early
2022
27 days early
2021
37 days early
2020
39 days early
2019
32 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 34 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Highest result from 2018 to 2025net €6.9m ▲1,945%
  3. Equity above €1mequity €2.0m ▲153%

Key points

  • Positive: Result rose in 2025different schema filed ▲ 20× View
  • Positive: Among the best 5% on net resultsector median €20,563 · 5,785 companies €6.9m View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Controlled by Gruppo XXI BV parent View

By topic

Financials

Financial year
2025
Total assets
€83.2m
Profit
€6.9m
Solvency
2.4%
Total assets▲ 350%
Net result
20182025
Go to Financials

Board & ownership

Board
4 members
Parent
Gruppo XXI BV
Auditor
VAN HAVERMAET BEDRIJFSREVISOREN
  • De Reze Ilse Denise VitalChair
  • Didier ClerxDirector
  • MOLENWATER GROEPDirector
  • WATSON & DICKENSManaging director
Go to Board & ownership

Timeline

Events
40
Since
1997
Next accounts
by 31-07-2027
  1. 30-06-2025Annual accounts filed
  2. 03-01-2025Reappointment: Van Havermaet Bedrijfsrevisoren (statutory auditor)
  3. 31-12-2024Back to profit
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Buying and selling of own real estateNACE 68110
Founded
26-04-1996
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
31
Annual meeting
Last Friday of May at 15:00
Purpose
“Het beheer,financiering en exploitatie van onroerende goederen,het deelnemen in,het…” (deed in Dutch)
Go to Articles of association

Key facts about HEAT 21

What is the company number of HEAT 21?
0457.877.018. In Belgium the VAT number is the company number with BE in front: BE 0457.877.018.
Where is HEAT 21 based?
The registered office is at Diamantstraat (HRT) 8, 2200 Herentals.Company details
What does HEAT 21 do?
According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
What is the legal form of HEAT 21?
Public limited company (NV).
When was HEAT 21 founded?
On 26-04-1996.
Is HEAT 21 still active?
Yes, HEAT 21 is an active enterprise in the KBO register.
What is the turnover of HEAT 21?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is HEAT 21 profitable?
In financial year 2025, HEAT 21 made a profit of €6.9m.
Where can I find the annual accounts of HEAT 21?
HEAT 21 filed 30 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of HEAT 21 due?
By 31-07-2027, for financial year 2026.Timeline

Companies related to HEAT 21

Go further with this company

How much credit can you give this customer, and on what payment terms?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.

We would like to set cookies. That happens only with your consent. What we measure