HEATERTECH
Annual accounts 2025
micro format, filed on 04-08-2026, 4 days late€59,430
▲ 127%
€45,989
▲ 12×
€57,105
▲ 167%
€45,277
▲ 130%
71.0%
▲ 16.9 percentage points
4.47
▲ 1.30
Money flows
no detail for 2025Balance sheet
balance sheet total €102,162 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
71.0%
Higher than 76% of 37,177 companies in 2025.
4.47
Higher than 82% of 36,472 companies in 2025.
33.4%
Higher than 89% of 36,707 companies in 2025.
HEATERTECH
Middle half of the sector
80% of the sector
Micro accounts in specialised construction (NACE 43)
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
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 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||
20/58 |
102,162 | 70,898 | 86,019 | 77,325 | 48,588 | 49,209 | 28,997 | 30,309 | 32,563 | 24,681 | 27,174 | 17,381 | |
21/28 |
4,169 | 15,285 | 31,404 | 20,354 | 950 | 1,900 | 3,907 | 4,703 | 5,170 | 4,000 | - | - | |
22/27 |
4,169 | 15,285 | 31,404 | 20,354 | 950 | 1,900 | 3,907 | 4,703 | 5,170 | 4,000 | - | - | |
23 |
952 | 1,269 | - | - | - | - | - | - | - | - | - | - | |
24 |
3,217 | 14,016 | 31,404 | 20,354 | 950 | 1,900 | 3,907 | 4,703 | 5,170 | 4,000 | - | - | |
29/58 |
97,993 | 55,613 | 54,615 | 56,971 | 47,638 | 47,309 | 25,090 | 25,606 | 27,393 | 20,681 | 27,174 | 17,381 | |
40/41 |
45,219 | 21,533 | 21,595 | 28,051 | 25,483 | 34,976 | 17,500 | 20,922 | 22,637 | 19,230 | 24,197 | 13,365 | |
40 |
12,976 | 1,530 | 3,270 | 9,339 | 9,109 | 33,246 | 2,110 | 5,130 | 11,052 | 6,820 | 23,407 | 11,622 | |
41 |
32,244 | 20,003 | 18,325 | 18,712 | 16,374 | 1,730 | 15,390 | 15,792 | 11,585 | 12,410 | 790 | 1,743 | |
54/58 |
51,782 | 33,417 | 32,601 | 28,467 | 22,077 | 12,334 | 7,490 | 4,685 | 4,756 | 1,451 | 2,977 | 4,015 | |
490/1 |
992 | 663 | 418 | 452 | 78 | - | 100 | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||
10/49 |
102,162 | 70,898 | 86,019 | 77,325 | 48,588 | 49,209 | 28,997 | 30,309 | 32,563 | 24,681 | 27,174 | 17,381 | |
10/15 |
72,537 | 38,376 | 36,372 | 39,962 | 28,466 | 25,514 | 20,369 | 16,819 | 22,368 | 17,130 | 9,043 | 6,341 | |
10/11 |
14,200 | 14,200 | 14,200 | 14,200 | 14,200 | 14,200 | 11,200 | 11,200 | 11,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 7,400 | 7,400 | 7,400 | 12,400 | 12,400 | 12,400 | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | |
14 |
56,477 | 22,316 | 20,312 | 23,902 | 12,406 | 9,454 | 7,309 | 3,759 | 9,308 | 9,070 | 983 | 141 | |
17/49 |
29,625 | 32,522 | 49,648 | 37,362 | 20,122 | 23,695 | 8,628 | 13,490 | 10,195 | 7,551 | 18,131 | 11,040 | |
17 |
7,682 | 14,949 | 26,204 | 14,859 | - | - | - | - | - | - | - | - | |
170/4 |
7,682 | 14,949 | 26,204 | 14,859 | - | - | - | - | - | - | - | - | |
42/48 |
21,943 | 17,574 | 23,444 | 22,503 | 20,122 | 23,695 | 4,451 | 13,490 | 10,195 | 3,201 | 8,225 | 2,540 | |
42 |
7,266 | 11,255 | 10,867 | 6,130 | - | - | - | - | - | - | - | - | |
44 |
2,286 | 5,124 | 7,613 | 11,234 | 17,482 | 22,050 | 3,973 | 13,490 | 7,571 | 601 | 6,977 | - | |
440/4 |
2,286 | 5,124 | 7,613 | 11,234 | 17,482 | 22,050 | 3,973 | 13,490 | 7,571 | 601 | 6,977 | - | |
45 |
12,391 | 1,195 | 4,963 | 5,139 | 2,640 | 1,645 | 478 | - | 2,624 | 2,600 | 900 | - | |
450/3 |
12,391 | 1,195 | 4,963 | 5,139 | 2,640 | 1,645 | 478 | - | 2,624 | 2,600 | 900 | - | |
47/48 |
- | - | - | - | - | - | - | - | - | - | 349 | 2,540 | |
492/3 |
- | - | - | - | - | - | 4,177 | - | - | 4,350 | 9,906 | 8,500 | |
| Income statement | |||||||||||||
70 |
- | - | - | - | - | 43,445 | - | - | - | - | - | - | |
9900 |
59,430 | 26,145 | 12,285 | 33,038 | 5,005 | 9,588 | 7,922 | 1,499 | 5,082 | 14,685 | 4,052 | 323 | |
60/61 |
- | - | - | - | - | 36,179 | - | - | - | - | - | - | |
630 |
11,116 | 17,703 | 14,516 | 7,625 | 950 | 2,007 | 2,531 | 3,647 | 3,057 | 4,000 | - | - | |
640/8 |
2,325 | 4,763 | 861 | 8,105 | 830 | 1,484 | 911 | 1,006 | 1,473 | - | 128 | 475 | |
66A |
- | - | - | - | - | - | 1,016 | 2,000 | - | - | - | - | |
9901 |
45,989 | 3,680 | -3,093 | 17,308 | 3,225 | 6,097 | 3,465 | -5,155 | 552 | 10,685 | 3,924 | -152 | |
75/76B |
1,049 | 742 | 1,626 | 2 | 979 | 114 | 1,219 | 85 | - | - | 20 | 293 | |
75 |
1,049 | 742 | 1,626 | 2 | 979 | 114 | 1,219 | 85 | - | - | 20 | 293 | |
65/66B |
1,137 | 1,514 | 1,366 | 1,591 | 551 | 2,899 | 169 | 480 | 289 | 33 | 342 | - | |
65 |
1,137 | 1,514 | 1,366 | 1,591 | 551 | 181 | 169 | 480 | 289 | 33 | 342 | - | |
66B |
- | - | - | - | - | 2,718 | - | - | - | - | - | - | |
9903 |
45,901 | 2,908 | -2,833 | 15,719 | 3,653 | 3,312 | 4,515 | -5,549 | 263 | 10,652 | 3,603 | 141 | |
67/77 |
11,741 | 903 | 758 | 4,223 | 701 | 1,167 | 965 | - | 24 | 2,566 | 900 | - | |
9904 |
34,161 | 2,004 | -3,591 | 11,496 | 2,952 | 2,145 | 3,550 | -5,549 | 239 | 8,086 | 2,703 | 141 | |
9905 |
34,161 | 2,004 | -3,591 | 11,496 | 2,952 | 2,145 | 3,550 | -5,549 | 239 | 8,086 | 2,703 | 141 | |
| Appropriation of the result | |||||||||||||
9906 |
56,477 | 22,316 | 20,312 | 23,902 | 12,406 | 9,454 | 7,309 | 3,759 | 9,308 | 9,070 | 2,843 | 141 | |
14P |
22,316 | 20,312 | 23,902 | 12,406 | 9,454 | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | 1,860 | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | 1,860 | - | |
| Document | |||||||||||||
The notes to these accounts have 5 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 04-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 4 days after the deadline. Filed on 4 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00389551.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 04-08-2026 | 2026-00389551 | |
| 31-12-2024 | micro format | 09-07-2025 | 2025-00262333 | |
| 31-12-2023 | micro format | 04-06-2024 | 2024-00109690 | |
| 31-12-2022 | micro format | 25-08-2023 | 2023-00352533 | |
| 31-12-2021 | micro format | 25-07-2022 | 2022-20217138 | |
| 31-12-2020 | micro format | 03-08-2021 | 2021-46700509 | |
| 31-12-2019 | micro format | 01-12-2020 | 2020-74400024 | |
| 31-12-2018 | micro format | 15-08-2019 | 2019-48000409 | |
| 31-12-2017 | full format | 19-09-2018 | 2018-64200256 | |
| 31-12-2016 | full format | 18-08-2017 | 2017-45100024 | |
| 31-12-2015 | full format | 18-08-2016 | 2016-43300017 | |
| 31-12-2014 | full format | 28-08-2015 | 2015-55100432 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 57,105 | 21,382 | 11,423 | 24,933 | 4,175 | 8,104 | 5,996 | -1,507 | 3,608 | 14,685 | - | - | ||
| 45,277 | 19,707 | 10,925 | 19,121 | 3,902 | 4,152 | 6,081 | -1,902 | 3,295 | 12,086 | - | - | ||
| 0 | 1,584 | 25,566 | 27,029 | 0 | 0 | 3,800 | 1,049 | 4,227 | 8,000 | - | - | ||
| 18,365 | 816 | 4,134 | 6,390 | 9,744 | 4,844 | 2,805 | -71 | 3,306 | -1,527 | -1,038 | - | ||
| 76,050 | 38,039 | 31,171 | 34,468 | 27,516 | 23,614 | 20,639 | 12,116 | 17,198 | 17,480 | 18,949 | 14,841 | ||
| - | - | - | - | - | 14.0% | - | - | - | - | - | - | ||
| 71.0% | 54.1% | 42.3% | 51.7% | 58.6% | 51.8% | 70.2% | 55.5% | 68.7% | 69.4% | 33.3% | 36.5% | ||
| 4.47 | 3.16 | 2.33 | 2.53 | 2.37 | 2.00 | 5.64 | 1.90 | 2.69 | 6.46 | 3.30 | 6.84 | ||
| 0.41 | 0.85 | 1.37 | 0.93 | 0.71 | 0.93 | 0.42 | 0.80 | 0.46 | 0.44 | 2.00 | 1.74 | ||
| 47.1% | 5.2% | -9.9% | 28.8% | 10.4% | 8.4% | 17.4% | -33.0% | 1.1% | 47.2% | 29.9% | 2.2% | ||
| 33.4% | 2.8% | -4.2% | 14.9% | 6.1% | 4.4% | 12.2% | -18.3% | 0.7% | 32.8% | 9.9% | 0.8% | ||
| 50.23 | 14.12 | 8.36 | 15.67 | 7.58 | - | - | - | - | - | - | - | ||
| - | - | - | - | - | 279 days | - | - | - | - | - | - | ||
| - | - | - | - | - | 222 days | - | - | - | - | - | - |
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.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €1,584 | €25,566 | €27,029 | - |
| €11,116 | €17,703 | €14,516 | €7,625 | €950 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on HEATERTECH
The operating result for 2025 is over 12 times that of 2024 and the highest since 2014. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total falls from 45.9% to 29.0%. Equity is higher and debt is lower.