Heatech
Annual accounts 2025
abbreviated format, filed on 30-06-2026, 31 days before the deadlineTurnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €3.4m. Estimated: probably between €2.8m and €4.2m.
Balance sheet
balance sheet total €641,255 on 31-12-2025in euro
in euro
Position in the sector
12.4%
Higher than 14% of 9,973 companies in 2025.
0.96
Higher than 17% of 9,836 companies in 2025.
57.0%
Higher than 95% of 9,905 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter · Staff: top quarter
Staff
€72,314
Staff costs divided by the average number of full-time equivalents.
-3 people
In 2025, 2 people joined and 5 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||
20/58 |
641,255 | 658,918 | 772,309 | 618,617 | 552,827 | 726,726 | 542,190 | 369,050 | |
21/28 |
112,617 | 82,032 | 110,503 | 91,088 | 112,368 | 149,071 | 188,257 | 177,559 | |
21 |
14,366 | 22,366 | 30,366 | 38,366 | 46,366 | 55,500 | 65,862 | 73,137 | |
22/27 |
98,252 | 59,667 | 80,138 | 52,722 | 60,753 | 88,322 | 117,145 | 99,172 | |
23 |
15,907 | 25,435 | 31,588 | 36,736 | 45,022 | 53,732 | 62,198 | 67,307 | |
24 |
82,345 | 34,231 | 48,549 | 15,986 | 15,731 | 34,590 | 54,947 | 31,864 | |
28 |
- | - | - | - | 5,250 | 5,250 | 5,250 | 5,250 | |
29/58 |
528,637 | 576,885 | 661,806 | 527,529 | 440,458 | 577,655 | 353,933 | 191,492 | |
3 |
10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | |
30/36 |
5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | |
37 |
5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | |
40/41 |
233,454 | 206,656 | 302,003 | 258,260 | 221,201 | 268,538 | 129,419 | 144,097 | |
40 |
197,176 | 180,752 | 265,580 | 222,089 | 208,652 | 222,996 | 107,843 | 133,493 | |
41 |
36,278 | 25,904 | 36,423 | 36,171 | 12,548 | 45,541 | 21,576 | 10,604 | |
54/58 |
250,648 | 327,845 | 331,668 | 239,687 | 185,947 | 280,686 | 187,491 | 15,593 | |
490/1 |
34,535 | 32,384 | 18,135 | 19,583 | 23,311 | 18,432 | 27,023 | 21,801 | |
| Balance sheet: equity and liabilities | |||||||||
10/49 |
641,255 | 658,918 | 772,309 | 618,617 | 552,827 | 726,726 | 542,190 | 369,050 | |
10/15 |
79,707 | 214,207 | 472,676 | 303,116 | 253,262 | 198,445 | 119,873 | 36,336 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 3,224 | 4,930 | 6,976 | 1,507 | |
130/1 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,507 | |
1311 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | |
132 |
- | - | - | - | 1,364 | 3,070 | 5,116 | - | |
133 |
1,860 | 1,860 | 1,860 | - | - | - | - | - | |
14 |
59,247 | 193,747 | 452,216 | 282,656 | 231,438 | 187,315 | 106,696 | 28,629 | |
16 |
- | - | - | - | 703 | 1,581 | 2,636 | - | |
168 |
- | - | - | - | 703 | 1,581 | 2,636 | - | |
17/49 |
561,548 | 444,710 | 299,633 | 315,501 | 298,862 | 526,700 | 419,682 | 332,715 | |
17 |
11,900 | 11,900 | 23,800 | 39,775 | 66,094 | 177,071 | 214,994 | 135,726 | |
170/4 |
11,900 | 11,900 | 23,800 | 39,775 | 66,094 | 177,071 | 214,994 | 135,726 | |
42/48 |
549,648 | 432,810 | 275,833 | 275,720 | 231,106 | 349,630 | 204,689 | 196,893 | |
42 |
- | - | 15,975 | 48,753 | 45,280 | 44,626 | 41,303 | 26,717 | |
43 |
- | - | - | - | - | 40,000 | - | - | |
430/8 |
- | - | - | - | - | 40,000 | - | - | |
44 |
63,731 | 87,637 | 102,154 | 116,981 | 53,355 | 137,869 | 131,289 | 156,241 | |
440/4 |
63,731 | 87,637 | 102,154 | 116,981 | 53,355 | 137,869 | 131,289 | 156,241 | |
45 |
22,671 | 23,023 | 6,371 | 9,478 | 32,256 | 26,919 | 31,882 | 13,934 | |
450/3 |
- | 16,000 | - | - | 22,000 | 16,715 | 26,700 | 10,000 | |
454/9 |
22,671 | 7,023 | 6,371 | 9,478 | 10,256 | 10,205 | 5,182 | 3,934 | |
47/48 |
463,245 | 322,150 | 151,334 | 100,508 | 100,215 | 100,215 | 215 | - | |
492/3 |
- | - | - | 6 | 1,662 | - | - | 96 | |
| Income statement | |||||||||
76A |
- | - | - | - | - | - | 12,920 | 17,816 | |
9900 |
1.2m | 1.2m | 1.2m | 725,664 | 634,914 | 539,398 | 491,025 | 396,262 | |
62 |
701,444 | 733,399 | 618,182 | 413,515 | 324,818 | 288,559 | 310,094 | 304,092 | |
630 |
44,209 | 31,359 | 27,985 | 31,782 | 37,802 | 42,890 | 55,873 | 33,388 | |
631/4 |
- | 4,901 | - | - | - | - | - | 8,725 | |
640/8 |
2,777 | 2,659 | 3,094 | 1,926 | 2,093 | 2,431 | 2,303 | 1,813 | |
66A |
- | - | - | 500 | - | - | - | - | |
9901 |
490,359 | 456,457 | 511,147 | 277,941 | 270,202 | 205,518 | 122,756 | 48,243 | |
75/76B |
1,504 | 2,217 | 5,009 | 2,991 | 284 | 934 | 464 | 70 | |
75 |
1,504 | 2,217 | 5,009 | 2,991 | 284 | 934 | 464 | 70 | |
65/66B |
2,030 | 1,203 | 3,129 | 3,591 | 6,926 | 5,239 | 8,348 | 8,177 | |
65 |
2,030 | 755 | 3,129 | 3,591 | 6,926 | 5,239 | 8,348 | 8,177 | |
66B |
- | 448 | - | - | - | - | - | - | |
9903 |
489,833 | 457,472 | 513,027 | 277,341 | 263,560 | 201,213 | 114,873 | 40,136 | |
780 |
- | - | - | 703 | 879 | - | - | - | |
67/77 |
124,334 | 115,940 | 93,467 | 48,190 | 42,021 | 23,695 | 28,700 | 10,000 | |
9904 |
365,500 | 341,532 | 419,559 | 229,854 | 222,418 | 178,572 | 83,537 | 30,136 | |
789 |
- | - | - | 1,364 | 1,705 | 2,046 | 3,411 | - | |
689 |
- | - | - | - | - | - | 8,527 | - | |
9905 |
365,500 | 341,532 | 419,559 | 231,218 | 224,123 | 180,619 | 78,421 | 30,136 | |
| Appropriation of the result | |||||||||
9906 |
384,247 | 793,747 | 702,216 | 462,656 | 411,438 | 287,315 | 107,050 | 30,136 | |
14P |
18,747 | 452,216 | 282,656 | 231,438 | 187,315 | - | - | - | |
791/2 |
175,000 | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | 353 | 1,507 | |
6920 |
- | - | - | - | - | - | 353 | 1,507 | |
694/7 |
500,000 | 600,000 | 250,000 | 180,000 | 180,000 | 100,000 | - | - | |
694 |
500,000 | 600,000 | 100,000 | 80,000 | 80,000 | - | - | - | |
695 |
- | - | 150,000 | 100,000 | 100,000 | 100,000 | - | - | |
| Social balance sheet | |||||||||
9087 |
9.7 | 11.4 | 10.4 | 7.3 | 7.2 | 6.6 | 6 | 5.1 | |
Hours worked1013 |
16,454 | 18,130 | 16,135 | 11,290 | 10,560 | 8,329 | 10,056 | 9,448 | |
| Document | |||||||||
The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 30-06-2026 | 2026-00234281 | |
| 31-12-2024 | abbreviated format | 29-07-2025 | 2025-00324890 | |
| 31-12-2023 | abbreviated format | 30-06-2024 | 2024-00191946 | |
| 31-12-2022 | abbreviated format | 30-06-2023 | 2023-00180792 | |
| 31-12-2021 | abbreviated format | 30-08-2022 | 2022-20403535 | |
| 31-12-2020 | abbreviated format | 28-07-2021 | 2021-42000309 | |
| 31-12-2019 | abbreviated format | 30-07-2020 | 2020-37900304 | |
| 31-12-2018 | abbreviated format | 27-06-2019 | 2019-25300268 |
Subsidies and aid
Flemish government 2022 to 2025, 6 entries, €6,151 awarded, €6,151 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €662 | €662 |
| 2024 | 1 | €1,291 | €1,291 |
| 2023 | 2 | €1,405 | €1,405 |
| 2022 | 2 | €2,793 | €2,793 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| 534,568 | 487,817 | 539,131 | 309,723 | 308,004 | 248,408 | 178,629 | 81,631 | ||
| 409,709 | 372,891 | 447,544 | 261,636 | 260,220 | 221,462 | 139,410 | 63,524 | ||
| 74,795 | 2,888 | 47,400 | 15,751 | 1,099 | 3,704 | 84,322 | 210,947 | ||
| -77,197 | -3,823 | 91,981 | 53,740 | -94,739 | 93,194 | 171,898 | - | ||
| -21,010 | 144,075 | 385,972 | 251,809 | 209,353 | 228,025 | 149,245 | -5,401 | ||
| 12.4% | 32.5% | 61.2% | 49.0% | 45.8% | 27.3% | 22.1% | 9.8% | ||
| 0.96 | 1.33 | 2.40 | 1.91 | 1.91 | 1.65 | 1.73 | 0.97 | ||
| 0.94 | 1.31 | 2.36 | 1.88 | 1.86 | 1.62 | 1.68 | 0.92 | ||
| 7.05 | 2.08 | 0.63 | 1.04 | 1.18 | 2.65 | 3.50 | 9.16 | ||
| 458.6% | 159.4% | 88.8% | 75.8% | 87.8% | 90.0% | 69.7% | 82.9% | ||
| 57.0% | 51.8% | 54.3% | 37.2% | 40.2% | 24.6% | 15.4% | 8.2% | ||
| over 100 | over 100 | over 100 | 86.26 | 44.47 | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 9 | 12 | 11 | 9 | 8 |
| full-time | 8 | 10 | 9 | 6 | 7 |
| part-time | 1 | 2 | 2 | 3 | 1 |
| in full-time equivalents | 8.8 | 11.6 | 10.6 | 7.8 | 7.8 |
| 9.7 | 11.4 | 10.4 | 7.3 | 7 | |
| On a permanent contract | 9 | 12 | 11 | 8 | 7 |
| Joined | 2 | 1 | 8 | - | 5 |
| Left | 5 | 0 | 6 | - | 4 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | - | - | - | €64,728 | €99,974 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €74,795 | €2,888 | €47,400 | €15,751 | €1,099 |
| €44,209 | €31,359 | €27,985 | €31,782 | €37,802 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on Heatech
The operating result for 2025 is 7% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 67.5% to 87.6%. Equity is lower and debt is higher.