Heatechnics
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 23-06-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is 65% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €39,374 | €11,983 |
| Financial fixed assets | - | €0 |
| Depreciation and write-downs of the year | €5,890 | €16,254 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,890 | €16,254 | ▲ 176% |
| Other operating charges640/8 | €1,735 | €3,766 | ▲ 117% |
| Gross operating margin9900 | €43,714 | €32,493 | ▼ 25.7% |
| Operating profit (loss)9901 | €36,089 | €12,473 | ▼ 65.4% |
| Financial income75/76B | €0 | €105 | ▲ 5,245× |
| Recurring financial income75 | €0 | €105 | ▲ 5,245× |
| Financial charges65/66B | €281 | €41 | ▼ 85.3% |
| Recurring financial charges65 | €281 | €41 | ▼ 85.3% |
| Profit (loss) for the period before taxes9903 | €35,808 | €12,536 | ▼ 65.0% |
| Income taxes67/77 | €8,860 | €5,135 | ▼ 42.0% |
| Profit (loss) for the period9904 | €26,948 | €7,401 | ▼ 72.5% |
| Profit (loss) for the period to be appropriated9905 | €26,948 | €7,401 | ▼ 72.5% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €59,203 | €42,503 | ▼ 28.2% |
| Fixed assets21/28 | €33,484 | €29,212 | ▼ 12.8% |
| Tangible fixed assets22/27 | €33,484 | €29,212 | ▼ 12.8% |
| Furniture and vehicles24 | €33,484 | €29,212 | ▼ 12.8% |
| Current assets29/58 | €25,719 | €13,291 | ▼ 48.3% |
| Amounts receivable within one year40/41 | €21,011 | €9,747 | ▼ 53.6% |
| Trade receivables40 | €6,923 | €2,692 | ▼ 61.1% |
| Other amounts receivable41 | €14,088 | €7,054 | ▼ 49.9% |
| Cash at bank and in hand54/58 | €4,708 | €2,738 | ▼ 41.8% |
| Deferred charges and accrued income490/1 | - | €806 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €59,203 | €42,503 | ▼ 28.2% |
| Equity10/15 | €26,948 | €37,348 | ▲ 38.6% |
| Contributions10/11 | - | €3,000 | - |
| Reserves13 | €26,948 | €34,348 | ▲ 27.5% |
| Distributable reserves133 | €26,948 | €34,348 | ▲ 27.5% |
| Amounts payable17/49 | €32,255 | €5,154 | ▼ 84.0% |
| Amounts payable within one year42/48 | €32,255 | €5,154 | ▼ 84.0% |
| Trade debts44 | €22,953 | €0 | ▼ 100% |
| Suppliers440/4 | €22,953 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €8,860 | €5,154 | ▼ 41.8% |
| Taxes450/3 | €8,860 | €5,154 | ▼ 41.8% |
| Other amounts payable47/48 | €442 | €0 | ▼ 100% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €26,948 | €7,401 | ▼ 72.5% |
| + Depreciation and write-downs630 | €5,890 | €16,254 | ▲ 176% |
| Operating cash flow (approximation) | €32,838 | €23,655 | ▼ 28.0% |
| Investment in fixed assets (approximation) | - | -€11,983 | - |
| Change in cash | - | -€1,970 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as Heatechnics has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Heatechnics itself: 1.6% within 12 months.
Test of the method
The method was tested on the 497,446 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 39,278 companies, not a prediction for Heatechnics. 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.