Heatech
ActiveSummary
Heatech has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €80k and a net result of €365k. Equity is growing by ~24.8% per year across the filed fiscal years. Its solvency ranks better than 14% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency37▼-21
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.96 against 1.33 in 2024; short-term debt: 85.7% and cash: 39.1% of total assets), and 87.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
12.4%
Return on assets
57%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 7838 sector peers (2025).
NBB · sector comparisonPosition among 7838 sector peers
Solvency
better than 14%
← weakest
strongest →
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 30-06-2026, 31 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
31 d early
2024
2 d early
2023
31 d early
2022
31 d early
2021
30 d late
2020
3 d early
2019
1 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Hiring this company for building work? Recognition, activities and what to check first.Contractor check Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Financials · fiscal year 2025, abbreviated schema
Equity
€80k▼ 62.8%
2024 · €214k
Total assets
€641k▼ 2.7%
2024 · €659k
Net result
€365k▲ 7.0%
2024 · €342k
Working capital
€-21k
2024 · €144k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€270k▲ 31.5%€278k▲ 2.9%€511k▲ 83.9%€456k▼ 10.7%€490k▲ 7.4%
Net result€222k▲ 24.6%€230k▲ 3.3%€420k▲ 82.5%€342k▼ 18.6%€365k▲ 7.0%
Equity€253k▲ 27.6%€303k▲ 19.7%€473k▲ 55.9%€214k▼ 54.7%€80k▼ 62.8%
Total assets€553k▼ 23.9%€619k▲ 11.9%€772k▲ 24.8%€659k▼ 14.7%€641k▼ 2.7%
Debt€299k▼ 43.3%€316k▲ 5.6%€300k▼ 5.0%€445k▲ 48.4%€562k▲ 26.3%
Working capital€209k▼ 8.2%€252k▲ 20.3%€386k▲ 53.3%€144k▼ 62.7%€-21k
Staff (FTE)7.2▲ 9.1%7.3▲ 1.4%10.4▲ 42.5%11.4▲ 9.6%9.7▼ 14.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 7% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €641k
Fixed assets
€113k ▲ 37.3%
Current assets
€529k ▼ 8.4%
Equity and liabilities €641k
Equity
€80k ▼ 62.8%
Debt
€562k ▲ 26.3%
Debt's share of the balance-sheet total rises from 67.5% to 87.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€535k▲
2024 · €488k
Cash flow
€410k▲
2024 · €373k
Current ratio
0.96▼
2024 · 1.33
Quick ratio
0.94▼
2024 · 1.31
Debt to equity
7.05▲
2024 · 2.08
ROE
458.6%▲
2024 · 159.4%
ROA
57.0%▲
2024 · 51.8%
Interest coverage
263.34▼
2024 · 646.45
Debt ≤ 1 year
€550k▲
2024 · €433k
Debt > 1 year
€12k=
2024 · €12k
Income taxes
€124k▲
2024 · €116k
Staff costs
€701k▼
2024 · €733k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €325k | €414k | €618k | €733k | €701k | ▼ 4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €38k | €32k | €28k | €31k | €44k | ▲ 41.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €5k | - | - |
| Other operating charges640/8 | €2k | €2k | €3k | €3k | €3k | ▲ 4.4% |
| Non-recurring operating charges66A | - | €500 | - | - | - | - |
| Gross operating margin9900 | €635k | €726k | €1.16M | €1.23M | €1.24M | ▲ 0.8% |
| Operating profit (loss)9901 | €270k | €278k | €511k | €456k | €490k | ▲ 7.4% |
| Financial income75/76B | €284 | €3k | €5k | €2k | €2k | ▼ 32.2% |
| Recurring financial income75 | €284 | €3k | €5k | €2k | €2k | ▼ 32.2% |
| Financial charges65/66B | €7k | €4k | €3k | €1k | €2k | ▲ 68.8% |
| Recurring financial charges65 | €7k | €4k | €3k | €755 | €2k | ▲ 169% |
| Non-recurring financial charges66B | - | - | - | €448 | - | - |
| Profit (loss) for the period before taxes9903 | €264k | €277k | €513k | €457k | €490k | ▲ 7.1% |
| Transfer from deferred taxes780 | €879 | €703 | - | - | - | - |
| Income taxes67/77 | €42k | €48k | €93k | €116k | €124k | ▲ 7.2% |
| Profit (loss) for the period9904 | €222k | €230k | €420k | €342k | €365k | ▲ 7.0% |
| Transfer from tax-exempt reserves789 | €2k | €1k | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €224k | €231k | €420k | €342k | €365k | ▲ 7.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €553k | €619k | €772k | €659k | €641k | ▼ 2.7% |
| Fixed assets21/28 | €112k | €91k | €111k | €82k | €113k | ▲ 37.3% |
| Intangible fixed assets21 | €46k | €38k | €30k | €22k | €14k | ▼ 35.8% |
| Tangible fixed assets22/27 | €61k | €53k | €80k | €60k | €98k | ▲ 64.7% |
| Plant, machinery and equipment23 | €45k | €37k | €32k | €25k | €16k | ▼ 37.5% |
| Furniture and vehicles24 | €16k | €16k | €49k | €34k | €82k | ▲ 141% |
| Financial fixed assets28 | €5k | - | - | - | - | - |
| Current assets29/58 | €440k | €528k | €662k | €577k | €529k | ▼ 8.4% |
| Stocks and contracts in progress3 | €10k | €10k | €10k | €10k | €10k | = |
| Stocks30/36 | €5k | €5k | €5k | €5k | €5k | = |
| Contracts in progress37 | €5k | €5k | €5k | €5k | €5k | = |
| Amounts receivable within one year40/41 | €221k | €258k | €302k | €207k | €233k | ▲ 13.0% |
| Trade receivables40 | €209k | €222k | €266k | €181k | €197k | ▲ 9.1% |
| Other amounts receivable41 | €13k | €36k | €36k | €26k | €36k | ▲ 40.0% |
| Cash at bank and in hand54/58 | €186k | €240k | €332k | €328k | €251k | ▼ 23.5% |
| Deferred charges and accrued income490/1 | €23k | €20k | €18k | €32k | €35k | ▲ 6.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €553k | €619k | €772k | €659k | €641k | ▼ 2.7% |
| Equity10/15 | €253k | €303k | €473k | €214k | €80k | ▼ 62.8% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €3k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Tax-exempt reserves132 | €1k | - | - | - | - | - |
| Distributable reserves133 | - | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €231k | €283k | €452k | €194k | €59k | ▼ 69.4% |
| Provisions and deferred taxes16 | €703 | - | - | - | - | - |
| Deferred taxes168 | €703 | - | - | - | - | - |
| Amounts payable17/49 | €299k | €316k | €300k | €445k | €562k | ▲ 26.3% |
| Amounts payable after more than one year17 | €66k | €40k | €24k | €12k | €12k | = |
| Financial debts170/4 | €66k | €40k | €24k | €12k | €12k | = |
| Amounts payable within one year42/48 | €231k | €276k | €276k | €433k | €550k | ▲ 27.0% |
| Current portion of amounts payable after more than one year42 | €45k | €49k | €16k | - | - | - |
| Trade debts44 | €53k | €117k | €102k | €88k | €64k | ▼ 27.3% |
| Suppliers440/4 | €53k | €117k | €102k | €88k | €64k | ▼ 27.3% |
| Taxes, remuneration and social security45 | €32k | €9k | €6k | €23k | €23k | ▼ 1.5% |
| Taxes450/3 | €22k | - | - | €16k | - | - |
| Remuneration and social security454/9 | €10k | €9k | €6k | €7k | €23k | ▲ 223% |
| Other amounts payable47/48 | €100k | €101k | €151k | €322k | €463k | ▲ 43.8% |
| Accrued charges and deferred income492/3 | €2k | €6 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €222k | €230k | €420k | €342k | €365k | ▲ 7.0% |
| + Depreciation and write-downs630 | €38k | €32k | €28k | €31k | €44k | ▲ 41.0% |
| Operating cash flow (approximation) | €260k | €262k | €448k | €373k | €410k | ▲ 9.9% |
| Investment in fixed assets (approximation) | - | €-11k | €-47k | €-3k | €-75k | ▼ 2,489% |
| Change in cash | - | €54k | €92k | €-4k | €-77k | ▼ 1,919% |
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
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €420k ▲82.5%
Operating result €511k, net result €420k, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-12
Financial
Equity above €200kEq €253k ▲27.6%
4 profitable years in a row build equity to €253k.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €150kEq €198k ▲65.5%
3 profitable years in a row build equity to €198k.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €100kEq €120k ▲230%
2 profitable years in a row build equity to €120k.
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Wijnegem · 1 establishment unit since 2017
Ground area
6,313 m²
Building footprint
2,988 m²
Volume, LiDAR
16,857 m³
Parcel 11050A0794/00A000, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
13
companies at this address
See who is registered here
1 establishment unit
Heatech
since 20172.269.631.833
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11050A0794/00A000 | Flanders | 6,313 m² | 1 · 2,988 m² | 7.7 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 6,151 EUR awarded · 6,151 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 662 EUR | 662 EUR |
| 2024 | 1 | 1,291 EUR | 1,291 EUR |
| 2023 | 2 | 1,405 EUR | 1,405 EUR |
| 2022 | 2 | 2,793 EUR | 2,793 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
3 endedMonteur centrale verwarming (so)
Monteur sanitaire en verwarmingsinstallaties duaal (so)
Sanitair installateur (so)
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Of 9,534 companies in sector 43222 we hold annual accounts for 5,666. 4,842 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
Founded20-10-2017
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
42212Civil engineering
43240Other construction installation
64210Activities of holding companies
70100Activities of head offices
Scores and ratios are computed by Checked and are not a credit decision.