HEATING PLUS
ActiveHEATING PLUS has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €69k and a net result of €-14k. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 78% of 27450 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
58
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability1▲+1
Solvency99▼-1
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 2.58 against 6.8 in 2024; short-term debt: 26.5% and cash: 27.8% of total assets), and 26.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
73.5%
Return on assets
-14.6%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-14k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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 · 9 filingsDeviation from the deadline
2025
21 d late
2024
32 d late
2023
1 d early
2022
8 d late
2021
26 d late
2020
52 d late
2019
22 d early
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€69k▼ 16.5%
2024 · €83k
2018: €74k
2019: €81k
2020: €22k
2021: €54k
2022: €82k
2023: €114k
2024: €83k
2018 → 2025
Total assets
€94k▼ 1.4%
2024 · €95k
2018: €128k
2019: €114k
2020: €79k
2021: €138k
2022: €182k
2023: €168k
2024: €95k
2018 → 2025
Net result
€-14k▲ 55.9%
2024 · €-31k
2018: €12k
2019: €7k
2020: €-59k
2021: €32k
2022: €28k
2023: €31k
2024: €-31k
2018 → 2025
Working capital
€39k▼ 44.3%
2024 · €70k
2018: €66k
2019: €70k
2020: €1k
2021: €68k
2022: €89k
2023: €109k
2024: €70k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€54k-€82k▲ 51.8%€114k▲ 38.1%€83k▼ 27.3%€69k▼ 16.5%
Operating result€34k-€32k▼ 6.2%€43k▲ 33.7%€-28k€-11k▲ 60.6%
Net result€32k-€28k▼ 12.5%€31k▲ 11.5%€-31k€-14k▲ 55.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11k in 2025 against €28k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €94k
Fixed assets
€30k▲ 135%
Current assets
€64k▼ 22.3%
Equity and liabilities €94k
Equity
€69k▼ 16.5%
Debt
€25k▲ 98.3%
The debt ratio rises from 13.2% to 26.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-4k▲
2024 · €-20k
Cash flow
€-7k▲
2024 · €-23k
Solvency
73.5%▼
2024 · 86.8%
Current ratio
2.58▼
2024 · 6.80
Quick ratio
2.12▼
2024 · 5.87
Debt / equity
0.36▲
2024 · 0.15
ROE
-19.8%▲
2024 · -37.5%
ROA
-14.6%▲
2024 · -32.5%
Interest coverage
-1.89▲
2024 · -7.96
Debt
€25k▲
2024 · €13k
Debt ≤ 1 year
€25k▲
2024 · €12k
Income taxes
€284▼
2024 · €310
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€95k€94k▼
Fixed assets21/28€13k€30k▲
Tangible fixed assets22/27€10k€28k▲
Land and buildings22€3k-
Furniture and vehicles24€8k€28k▲
Financial fixed assets28€2k€2k=
Current assets29/58€83k€64k▼
Stocks and contracts in progress3€11k€11k▲
Stocks30/36€11k€11k▲
Amounts receivable within one year40/41€22k€18k▼
Trade receivables40€17k€13k▼
Other amounts receivable41€6k€5k▼
Cash at bank and in hand54/58€37k€26k▼
Deferred charges and accrued income490/1€12k€9k▼
Equity and liabilities
Total equity and liabilities10/49€95k€94k▼
Equity10/15€83k€69k▼
Contributions10/11€6k€6k=
Reserves13€77k€63k▼
Distributable reserves133€77k€63k▼
Amounts payable17/49€13k€25k▲
Amounts payable within one year42/48€12k€25k▲
Current portion of amounts payable after more than one year42€7k-
Trade debts44€2k€23k▲
Suppliers440/4€2k€23k▲
Taxes, remuneration and social security45€689€2k▲
Taxes450/3€689€325▼
Remuneration and social security454/9-€1k
Other amounts payable47/48€3k€16▼
Accrued charges and deferred income492/3€396-
Income statement
Code20242025
Non-recurring operating income76A€10k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€7k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€6k€-6k▼
Other operating charges640/8€2k€9k▲
Non-recurring operating charges66A-€492
Gross operating margin9900€-11k€-1k▲
Operating profit (loss)9901€-28k€-11k▲
Financial income75/76B€47-
Recurring financial income75€47-
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€-31k€-13k▲
Income taxes67/77€310€284▼
Profit (loss) for the period9904€-31k€-14k▲
Profit (loss) for the period to be appropriated9905€-31k€-14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-10k€-14k▼
Profit (loss) brought forward from the previous period14P€21k-
Transfer from equity791/2€31k€14k▼
Transfer to equity691/2€21k-
To other reserves6921€21k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 21 days late
2025
01-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 32 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 6.80
Current ratio from 3.32 to 6.80; short-term debt falls from €47k to €12k.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100kEq €114k ▲38.1%
3 profitable years in a row build equity to €114k.
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Back to profitnet €32k
Net result €32k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 2.25
Current ratio from 1.02 to 2.25.
21-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 52 days late
2020
31-12
Financial
Weakest financial yearnet €-59k ▼979%
Net result drops to €-59k, the lowest in the series; recovery starts the following year.
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Beringen · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Nijverheidspark 33580 BeringenGround area
8,024 m²
Building footprint
3,641 m²
Volume, LiDAR
20,888 m³
2 parcels, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HEATING PLUS
since 20162.255.611.472
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71004A0233/00K000 | Flanders | 7,714 m² | 1 · 3,409 m² | 7.7 m · 2 fl. |
| 71005C1331/00V018 | Flanders | 310 m² | 1 · 232 m² | 7.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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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CORDEEL GLEN
BE 0837.622.813
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SaniVervoort
BE 1003.056.016
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Of 7,036 companies in sector 43221 we hold annual accounts for 3,468. 3,035 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-08-2016
Fiscal year end31-12
Activities, NACEBEL
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
46150Agents in the wholesale of furniture, household goods and hardware
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.