HEAT CONTROL
ActiveSummary
HEAT CONTROL has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €768k and a net result of €167k. Equity is growing by ~17.9% per year across the filed fiscal years. Its solvency ranks better than 66% of 344 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability86▼-1
Solvency87▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days only on tighter terms
Liquidity ample (current ratio 2.24 against 2.12 in 2023; short-term debt: 21.3% and cash: 13% of total assets), and 38.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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
61.8%
Return on assets
13.4%
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 80
Relative position
BE, all sectors
reference
Investigation and security activities (NACE 80)
about 5% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-11-2025, 111 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
111 d late
2023
68 d late
2022
70 d late
2021
31 d late
2020
31 d late
2019
88 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€768k▲ 18.3%
2023 · €649k
2018: €286klowest in 7 years
2019: €320k▲ +11.9% vs 2018
2020: €423k▲ +32.0% vs 2019
2021: €471k▲ +11.5% vs 2020
2022: €540k▲ +14.6% vs 2021
2023: €649k▲ +20.3% vs 2022
2024: €768k▲ +18.3% vs 2023highest in 7 years
2018 → 2024
Total assets
€1.24M▲ 9.9%
2023 · €1.13M
2018: €950k
2019: €881k▼ -7.3% vs 2018lowest in 7 years
2020: €991k▲ +12.5% vs 2019
2021: €1.03M▲ +3.9% vs 2020
2022: €1.04M▲ +1.5% vs 2021
2023: €1.13M▲ +8.3% vs 2022
2024: €1.24M▲ +9.9% vs 2023highest in 7 years
2018 → 2024
Net result
€167k▼ 0.3%
2023 · €167k
2018: €70k
2019: €42k▼ -39.7% vs 2018lowest in 7 years
2020: €127k▲ +204% vs 2019
2021: €68k▼ -46.3% vs 2020
2022: €108k▲ +58.1% vs 2021
2023: €167k▲ +54.9% vs 2022highest in 7 years
2024: €167k▼ -0.3% vs 2023
2018 → 2024
Working capital
€329k▲ 13.3%
2023 · €290k
2018: €145k
2019: €120k▼ -17.1% vs 2018lowest in 7 years
2020: €154k▲ +28.1% vs 2019
2021: €151k▼ -1.5% vs 2020
2022: €165k▲ +8.9% vs 2021
2023: €290k▲ +75.9% vs 2022
2024: €329k▲ +13.3% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€423k-€471k▲ 11.5%€540k▲ 14.6%€649k▲ 20.3%€768k▲ 18.3%
2020: €423klowest in 5 years
2021: €471k▲ +11.5% vs 2020
2022: €540k▲ +14.6% vs 2021
2023: €649k▲ +20.3% vs 2022
2024: €768k▲ +18.3% vs 2023highest in 5 years
Operating result€185k-€102k▼ 44.7%€158k▲ 54.5%€252k▲ 59.8%€244k▼ 3.1%
2020: €185k
2021: €102k▼ -44.7% vs 2020lowest in 5 years
2022: €158k▲ +54.5% vs 2021
2023: €252k▲ +59.8% vs 2022highest in 5 years
2024: €244k▼ -3.1% vs 2023
Net result€127k-€68k▼ 46.3%€108k▲ 58.1%€167k▲ 54.9%€167k▼ 0.3%
2020: €127k
2021: €68k▼ -46.3% vs 2020lowest in 5 years
2022: €108k▲ +58.1% vs 2021
2023: €167k▲ +54.9% vs 2022highest in 5 years
2024: €167k▼ -0.3% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 3% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.24M
Fixed assets
€649k ▲ 11.6%
Current assets
€594k ▲ 8.0%
Equity and liabilities €1.24M
Equity
€768k ▲ 18.3%
Provisions
€20k =
Debt
€455k ▼ 1.5%
Debt's share of the balance-sheet total falls from 40.9% to 36.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€331k▲
2023 · €324k
Cash flow
€254k▲
2023 · €239k
Current ratio
2.24▲
2023 · 2.12
Quick ratio
2.17▲
2023 · 2.06
Debt to equity
0.59▼
2023 · 0.71
ROE
21.7%▼
2023 · 25.8%
ROA
13.4%▼
2023 · 14.8%
Interest coverage
32.93▼
2023 · 36.69
Debt ≤ 1 year
€265k▲
2023 · €260k
Debt > 1 year
€189k▼
2023 · €202k
Income taxes
€76k▼
2023 · €79k
Staff costs
€150k▲
2023 · €104k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 56 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.13M€1.24M▲
Fixed assets21/28€581k€649k▲
Tangible fixed assets22/27€581k€648k▲
Land and buildings22€516k€501k▼
Plant, machinery and equipment23€869€5k▲
Furniture and vehicles24€64k€143k▲
Financial fixed assets28€125€125=
Current assets29/58€550k€594k▲
Stocks and contracts in progress3€15k€18k▲
Stocks30/36€15k€18k▲
Amounts receivable within one year40/41€262k€259k▼
Trade receivables40€256k€229k▼
Other amounts receivable41€5k€30k▲
Current investments50/53-€150k
Cash at bank and in hand54/58€266k€162k▼
Deferred charges and accrued income490/1€8k€6k▼
Equity and liabilities
Total equity and liabilities10/49€1.13M€1.24M▲
Equity10/15€649k€768k▲
Contributions10/11€19k€19k=
Reserves13€630k€749k▲
Distributable reserves133€630k€749k▲
Provisions and deferred taxes16€20k€20k=
Provisions for liabilities and charges160/5€20k€20k=
Pensions and similar obligations160€20k€20k=
Amounts payable17/49€462k€455k▼
Amounts payable after more than one year17€202k€189k▼
Financial debts170/4€202k€189k▼
Amounts payable within one year42/48€260k€265k▲
Current portion of amounts payable after more than one year42€68k€78k▲
Trade debts44€60k€62k▲
Suppliers440/4€60k€62k▲
Taxes, remuneration and social security45€131k€125k▼
Taxes450/3€114k€91k▼
Remuneration and social security454/9€18k€34k▲
Accrued charges and deferred income492/3€764€400▼
Income statement
Code20232024
Non-recurring operating income76A€5k-
Remuneration, social security and pensions62€104k€150k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€72k€87k▲
Other operating charges640/8€7k€7k▲
Non-recurring operating charges66A€418-
Gross operating margin9900€435k€488k▲
Operating profit (loss)9901€252k€244k▼
Financial income75/76B€3k€9k▲
Recurring financial income75€3k€9k▲
Financial charges65/66B€9k€10k▲
Recurring financial charges65€9k€10k▲
Profit (loss) for the period before taxes9903€246k€243k▼
Income taxes67/77€79k€76k▼
Profit (loss) for the period9904€167k€167k▼
Profit (loss) for the period to be appropriated9905€167k€167k▼
Appropriation of the result
Profit (loss) to be appropriated9906€167k€167k▼
Transfer from equity791/2€58k€48k▼
Transfer to equity691/2€167k€167k▼
To other reserves6921€167k€167k▼
Profit to be distributed694/7€58k€48k▼
Return on contributions (dividend)694€58k€48k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €3k | - | €5k | - | - |
| Remuneration, social security and pensions62 | - | €91k | €117k | €104k | €150k | ▲ 44.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €57k | €61k | €64k | €72k | €87k | ▲ 21.6% |
| Other operating charges640/8 | - | €6k | €14k | €7k | €7k | ▲ 5.3% |
| Non-recurring operating charges66A | - | - | €169 | €418 | - | - |
| Gross operating margin9900 | €309k | €260k | €351k | €435k | €488k | ▲ 12.3% |
| Operating profit (loss)9901 | €185k | €102k | €158k | €252k | €244k | ▼ 3.1% |
| Financial income75/76B | - | €4k | €2k | €3k | €9k | ▲ 189% |
| Recurring financial income75 | €3k | €4k | €2k | €3k | €9k | ▲ 189% |
| Financial charges65/66B | - | €10k | €9k | €9k | €10k | ▲ 14.1% |
| Recurring financial charges65 | €11k | €10k | €9k | €9k | €10k | ▲ 14.1% |
| Profit (loss) for the period before taxes9903 | €176k | €96k | €150k | €246k | €243k | ▼ 1.3% |
| Income taxes67/77 | €49k | €28k | €42k | €79k | €76k | ▼ 3.4% |
| Profit (loss) for the period9904 | €127k | €68k | €108k | €167k | €167k | ▼ 0.3% |
| Profit (loss) for the period to be appropriated9905 | €127k | €68k | €108k | €167k | €167k | ▼ 0.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €991k | €1.03M | €1.04M | €1.13M | €1.24M | ▲ 9.9% |
| Fixed assets21/28 | €622k | €618k | €638k | €581k | €649k | ▲ 11.6% |
| Tangible fixed assets22/27 | €622k | €618k | €638k | €581k | €648k | ▲ 11.6% |
| Land and buildings22 | - | €568k | €549k | €516k | €501k | ▼ 3.0% |
| Plant, machinery and equipment23 | - | €2k | €2k | €869 | €5k | ▲ 444% |
| Furniture and vehicles24 | - | €48k | €87k | €64k | €143k | ▲ 123% |
| Financial fixed assets28 | €125 | €125 | €125 | €125 | €125 | = |
| Current assets29/58 | €369k | €411k | €407k | €550k | €594k | ▲ 8.0% |
| Stocks and contracts in progress3 | €7k | €7k | €12k | €15k | €18k | ▲ 20.4% |
| Stocks30/36 | - | €7k | €12k | €15k | €18k | ▲ 20.4% |
| Amounts receivable within one year40/41 | €271k | €283k | €254k | €262k | €259k | ▼ 1.1% |
| Trade receivables40 | - | €234k | €250k | €256k | €229k | ▼ 10.7% |
| Other amounts receivable41 | - | €48k | €4k | €5k | €30k | ▲ 456% |
| Current investments50/53 | - | - | - | - | €150k | - |
| Cash at bank and in hand54/58 | €90k | €112k | €135k | €266k | €162k | ▼ 39.2% |
| Deferred charges and accrued income490/1 | - | €10k | €6k | €8k | €6k | ▼ 22.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €991k | €1.03M | €1.04M | €1.13M | €1.24M | ▲ 9.9% |
| Equity10/15 | €423k | €471k | €540k | €649k | €768k | ▲ 18.3% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €404k | €453k | €521k | €630k | €749k | ▲ 18.8% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €451k | €519k | €630k | €749k | ▲ 18.8% |
| Provisions and deferred taxes16 | €20k | €20k | €20k | €20k | €20k | = |
| Provisions for liabilities and charges160/5 | - | €20k | €20k | €20k | €20k | = |
| Pensions and similar obligations160 | - | €20k | €20k | €20k | €20k | = |
| Amounts payable17/49 | €549k | €539k | €485k | €462k | €455k | ▼ 1.5% |
| Amounts payable after more than one year17 | €333k | €279k | €243k | €202k | €189k | ▼ 6.1% |
| Financial debts170/4 | - | €279k | €243k | €202k | €189k | ▼ 6.1% |
| Amounts payable within one year42/48 | €216k | €260k | €242k | €260k | €265k | ▲ 2.1% |
| Current portion of amounts payable after more than one year42 | - | €54k | €58k | €68k | €78k | ▲ 14.9% |
| Trade debts44 | €63k | €79k | €106k | €60k | €62k | ▲ 2.3% |
| Suppliers440/4 | - | €79k | €106k | €60k | €62k | ▲ 2.3% |
| Taxes, remuneration and social security45 | - | €106k | €71k | €131k | €125k | ▼ 4.6% |
| Taxes450/3 | - | €85k | €45k | €114k | €91k | ▼ 20.1% |
| Remuneration and social security454/9 | - | €21k | €26k | €18k | €34k | ▲ 95.7% |
| Other amounts payable47/48 | - | €20k | €7k | - | - | - |
| Accrued charges and deferred income492/3 | - | €293 | €216 | €764 | €400 | ▼ 47.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €127k | €68k | €108k | €167k | €167k | ▼ 0.3% |
| + Depreciation and write-downs630 | €57k | €61k | €64k | €72k | €87k | ▲ 21.6% |
| Operating cash flow (approximation) | €184k | €130k | €172k | €239k | €254k | ▲ 6.2% |
| Investment in fixed assets (approximation) | - | €-58k | €-83k | €-15k | €-155k | ▼ 964% |
| Change in cash | - | €22k | €23k | €131k | €-104k | ▼ 179% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
19-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 111 days late
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
31-12
Financial
Highest result since 2018net €167k ▲54.9%
Operating result €252k, net result €167k, both a record.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
31-12
Financial
Equity above €500kEq €540k ▲14.6%
5 profitable years in a row build equity to €540k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 88 days late
2019
31-12
Financial
Weakest financial yearnet €42k ▼39.7%
Net result drops to €42k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Bornem · 1 establishment unit since 2006
Ground area
719 m²
Building footprint
166 m²
Volume, LiDAR
1,129 m³
Parcel 12007B0401/00F002, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Heat Control Bvba
since 20062.154.674.262
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12007B0401/00F002 | Flanders | 719 m² | 1 · 166 m² | 9.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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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Of 461 companies in sector 80090 we hold annual accounts for 261. 141 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-04-2006
Fiscal year end31-12
Activities, NACEBEL 2025
46649Wholesale of other machinery and equipment
80090Investigation and security activities
47521Retail sale of hardware, building materials, paint and glass (general range)
Scores and ratios are computed by Checked and are not a credit decision.