Equity
Equity fell by 83% in 2 years.
Equity fell by 83% in 2 years.
The abbreviated format states no turnover.
Of this, €549,648 falls due within a year.
Green is investment, beige is depreciation.
In 2025, 2 people joined and 5 left.
Lower solvency than 86% of companies in specialised construction. Sector median 44.0% · 9,973 companies.
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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 43, micro). It does better than 16% of them on solvency, 46% on liquidity, 92% on profitability and 7% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 6,713 companies had the same profile as Heatech has now. Each dot stands for 17 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Heatech itself: 0.8% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,713 companies, not a prediction for Heatech. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is insufficient, with a current ratio of 0.96 (1.33 in 2024), below 1. Short-term debt is 85.7% and cash 39.1% of total assets. 87.6% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 10 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Heatech Wijnegem | €641,255 | €1.2m | 12.4% | 9.7 |
| Van Der Auwera - Invatral Heist-op-den-Berg | €487,255 | €0.8m | 60.4% | 8.1 |
| KLIMATERRA-WP Sint-Niklaas | €836,657 | €1.1m | 79.5% | 9.9 |
| Bougard Samuel Chauffage Andenne | €641,878 | €0.7m | 32.8% | 10.8 |
| L'énergie idéale Charleroi | €975,126 | €0.9m | 41.2% | 10.8 |
| RNEW Flémalle | €746,415 | €0.8m | 42.1% | 11.8 |
| DELECOUR GILLES Clavier | €977,201 | €0.8m | 31.8% | 11 |
These companies have the same main activity as Heatech: installation of electric heating, air conditioning, cooling and ventilation (NACE 43222). They are comparable in size and age: total assets between €487,000 and €977,000, founded between 2017 and 2020.
Heatech files the abbreviated format. That format states no turnover. The gross margin rose from €396,262 in 2018 to €1.2m in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover 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.
Higher than 14% of 9,973 companies in 2025.
Higher than 17% of 9,836 companies in 2025.
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 costs divided by the average number of full-time equivalents.
In 2025, 2 people joined and 5 left.
| 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.
| 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 |
| 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 |
| 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.
| 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
| 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)
| 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)
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.
Source: lists of holdings in the owners' accounts
Heatech has no parent and no holdings in its annual accounts.
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| Vereniging van Mede-eigenaars van het gebouw Bedrijvenpark Ruggeveld Ruggeveldstraat 1 te Wijnegem
registered office since 16-04-2021 |
founded in 2021 0770.573.443 |
The network lets you explore the ties of Heatech.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Ruggeveldstraat 1 registered office 2110 Wijnegem | 20-10-2017 | 2.269.631.833 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11050A0794/00A000 | 6,313 m² | 1 · 2,988 m² | 7.7 m · 2 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0683.544.449
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