HEATERTECH
ActiveSummary
HEATERTECH has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €73k and a net result of €34k. Equity is growing by ~12.4% per year across the filed fiscal years. Its solvency ranks better than 76% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+28
Solvency96▲+17
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 4.47 against 3.16 in 2024; short-term debt: 21.5% and cash: 50.7% of total assets), and 29% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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
71%
Return on assets
33.4%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-08-2026, 4 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
4 d late
2024
22 d early
2023
57 d early
2022
25 d late
2021
6 d early
2020
3 d late
2019
123 d late
← 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
Financials · fiscal year 2025, micro schema
Turnover
€43k
EBIT margin
14.0%
Net result
€34k▲ 1,604%
2024 · €2k
2018: €-6klowest in 8 years
2019: €4k▲ +164% vs 2018
2020: €2k▼ -39.6% vs 2019
2021: €3k▲ +37.6% vs 2020
2022: €11k▲ +289% vs 2021
2023: €-4k▼ -131% vs 2022
2024: €2k▲ +156% vs 2023
2025: €34k▲ +1604% vs 2024highest in 8 years
2018 → 2025
Working capital
€76k▲ 99.9%
2024 · €38k
2018: €12klowest in 8 years
2019: €21k▲ +70.3% vs 2018
2020: €24k▲ +14.4% vs 2019
2021: €28k▲ +16.5% vs 2020
2022: €34k▲ +25.3% vs 2021
2023: €31k▼ -9.6% vs 2022
2024: €38k▲ +22.0% vs 2023
2025: €76k▲ +99.9% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€28k-€40k▲ 40.4%€36k▼ 9.0%€38k▲ 5.5%€73k▲ 89.0%
2021: €28klowest in 5 years
2022: €40k▲ +40.4% vs 2021
2023: €36k▼ -9.0% vs 2022
2024: €38k▲ +5.5% vs 2023
2025: €73k▲ +89.0% vs 2024highest in 5 years
Operating result€3k-€17k▲ 437%€-3k€4k€46k▲ 1,150%
2021: €3k
2022: €17k▲ +437% vs 2021
2023: €-3k▼ -118% vs 2022lowest in 5 years
2024: €4k▲ +219% vs 2023
2025: €46k▲ +1150% vs 2024highest in 5 years
Net result€3k-€11k▲ 289%€-4k€2k€34k▲ 1,604%
2021: €3k
2022: €11k▲ +289% vs 2021
2023: €-4k▼ -131% vs 2022lowest in 5 years
2024: €2k▲ +156% vs 2023
2025: €34k▲ +1604% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 1,150% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €102k
Fixed assets
€4k ▼ 72.7%
Current assets
€98k ▲ 76.2%
Equity and liabilities €102k
Equity
€73k ▲ 89.0%
Debt
€30k ▼ 8.9%
Debt's share of the balance-sheet total falls from 45.9% to 29.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€57k▲
2024 · €21k
Cash flow
€45k▲
2024 · €20k
Current ratio
4.47▲
2024 · 3.16
Debt to equity
0.41▼
2024 · 0.85
ROE
47.1%▲
2024 · 5.2%
ROA
33.4%▲
2024 · 2.8%
Interest coverage
50.23▲
2024 · 14.12
Debt ≤ 1 year
€22k▲
2024 · €18k
Debt > 1 year
€8k▼
2024 · €15k
Income taxes
€12k▲
2024 · €903
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 · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€71k€102k▲
Fixed assets21/28€15k€4k▼
Tangible fixed assets22/27€15k€4k▼
Plant, machinery and equipment23€1k€952▼
Furniture and vehicles24€14k€3k▼
Current assets29/58€56k€98k▲
Amounts receivable within one year40/41€22k€45k▲
Trade receivables40€2k€13k▲
Other amounts receivable41€20k€32k▲
Cash at bank and in hand54/58€33k€52k▲
Deferred charges and accrued income490/1€663€992▲
Equity and liabilities
Total equity and liabilities10/49€71k€102k▲
Equity10/15€38k€73k▲
Contributions10/11€14k€14k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€22k€56k▲
Amounts payable17/49€33k€30k▼
Amounts payable after more than one year17€15k€8k▼
Financial debts170/4€15k€8k▼
Amounts payable within one year42/48€18k€22k▲
Current portion of amounts payable after more than one year42€11k€7k▼
Trade debts44€5k€2k▼
Suppliers440/4€5k€2k▼
Taxes, remuneration and social security45€1k€12k▲
Taxes450/3€1k€12k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€11k▼
Other operating charges640/8€5k€2k▼
Gross operating margin9900€26k€59k▲
Operating profit (loss)9901€4k€46k▲
Financial income75/76B€742€1k▲
Recurring financial income75€742€1k▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€3k€46k▲
Income taxes67/77€903€12k▲
Profit (loss) for the period9904€2k€34k▲
Profit (loss) for the period to be appropriated9905€2k€34k▲
Appropriation of the result
Profit (loss) to be appropriated9906€22k€56k▲
Profit (loss) brought forward from the previous period14P€20k€22k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €950 | €8k | €15k | €18k | €11k | ▼ 37.2% |
| Other operating charges640/8 | €830 | €8k | €861 | €5k | €2k | ▼ 51.2% |
| Gross operating margin9900 | €5k | €33k | €12k | €26k | €59k | ▲ 127% |
| Operating profit (loss)9901 | €3k | €17k | €-3k | €4k | €46k | ▲ 1,150% |
| Financial income75/76B | €979 | €2 | €2k | €742 | €1k | ▲ 41.4% |
| Recurring financial income75 | €979 | €2 | €2k | €742 | €1k | ▲ 41.4% |
| Financial charges65/66B | €551 | €2k | €1k | €2k | €1k | ▼ 24.9% |
| Recurring financial charges65 | €551 | €2k | €1k | €2k | €1k | ▼ 24.9% |
| Profit (loss) for the period before taxes9903 | €4k | €16k | €-3k | €3k | €46k | ▲ 1,479% |
| Income taxes67/77 | €701 | €4k | €758 | €903 | €12k | ▲ 1,200% |
| Profit (loss) for the period9904 | €3k | €11k | €-4k | €2k | €34k | ▲ 1,604% |
| Profit (loss) for the period to be appropriated9905 | €3k | €11k | €-4k | €2k | €34k | ▲ 1,604% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €49k | €77k | €86k | €71k | €102k | ▲ 44.1% |
| Fixed assets21/28 | €950 | €20k | €31k | €15k | €4k | ▼ 72.7% |
| Tangible fixed assets22/27 | €950 | €20k | €31k | €15k | €4k | ▼ 72.7% |
| Plant, machinery and equipment23 | - | - | - | €1k | €952 | ▼ 25.0% |
| Furniture and vehicles24 | €950 | €20k | €31k | €14k | €3k | ▼ 77.0% |
| Current assets29/58 | €48k | €57k | €55k | €56k | €98k | ▲ 76.2% |
| Amounts receivable within one year40/41 | €25k | €28k | €22k | €22k | €45k | ▲ 110% |
| Trade receivables40 | €9k | €9k | €3k | €2k | €13k | ▲ 748% |
| Other amounts receivable41 | €16k | €19k | €18k | €20k | €32k | ▲ 61.2% |
| Cash at bank and in hand54/58 | €22k | €28k | €33k | €33k | €52k | ▲ 55.0% |
| Deferred charges and accrued income490/1 | €78 | €452 | €418 | €663 | €992 | ▲ 49.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €49k | €77k | €86k | €71k | €102k | ▲ 44.1% |
| Equity10/15 | €28k | €40k | €36k | €38k | €73k | ▲ 89.0% |
| Contributions10/11 | €14k | €14k | €14k | €14k | €14k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €12k | €24k | €20k | €22k | €56k | ▲ 153% |
| Amounts payable17/49 | €20k | €37k | €50k | €33k | €30k | ▼ 8.9% |
| Amounts payable after more than one year17 | - | €15k | €26k | €15k | €8k | ▼ 48.6% |
| Financial debts170/4 | - | €15k | €26k | €15k | €8k | ▼ 48.6% |
| Amounts payable within one year42/48 | €20k | €23k | €23k | €18k | €22k | ▲ 24.9% |
| Current portion of amounts payable after more than one year42 | - | €6k | €11k | €11k | €7k | ▼ 35.4% |
| Trade debts44 | €17k | €11k | €8k | €5k | €2k | ▼ 55.4% |
| Suppliers440/4 | €17k | €11k | €8k | €5k | €2k | ▼ 55.4% |
| Taxes, remuneration and social security45 | €3k | €5k | €5k | €1k | €12k | ▲ 937% |
| Taxes450/3 | €3k | €5k | €5k | €1k | €12k | ▲ 937% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €11k | €-4k | €2k | €34k | ▲ 1,604% |
| + Depreciation and write-downs630 | €950 | €8k | €15k | €18k | €11k | ▼ 37.2% |
| Operating cash flow (approximation) | €4k | €19k | €11k | €20k | €45k | ▲ 130% |
| Investment in fixed assets (approximation) | - | €-27k | €-26k | €-2k | €0 | ▲ 100% |
| Change in cash | - | €6k | €4k | €816 | €18k | ▲ 2,152% |
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
04-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 4 days late
2025
31-12
Financial
Highest result since 2018net €34k ▲1,604%
Operating result €46k, net result €34k, both a record.
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
03-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 3 days late
2020
01-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 123 days late
2019
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 5.64
Current ratio from 1.90 to 5.64; short-term debt falls from €13k to €4k.
15-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 15 days late
2018
19-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 50 days late
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Rebecq · 1 establishment unit since 2014
Ground area
1,259 m²
Building footprint
253 m²
Volume, LiDAR
1,122 m³
2 parcels, Wallonia · tallest building 6.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HEATERTECH
since 20142.235.966.893
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25007A0190/00D000 | Wallonia | 679 m² | 1 · 134 m² | 5.3 m · 1 fl. |
| 25007B0173/00F000 | Wallonia | 580 m² | 1 · 119 m² | 6.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,528 companies in sector 43222 we hold annual accounts for 5,663. 4,797 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 (pre-2019)
Founded03-03-2014
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
Contact
E-mail
heatertech.sprl@skynet.beRebecq
Phone
0475/71.72.19Rebecq
Scores and ratios are computed by Checked and are not a credit decision.