HEATING PLUS (0660.957.703): financials and annual accounts

HEATING PLUS

Hechtel-Eksel ·KBO/BCE: BE 0660.957.703

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017
Balance sheet: assets
Total assets`20/58`	93,963	95,320	167,691	181,915	138,481	79,381	113,509	128,444	120,801
Fixed assets`21/28`	29,810	12,704	11,173	11,499	15,566	25,299	19,887	28,496	20,266
Tangible fixed assets`22/27`	27,605	10,499	8,173	8,499	15,566	25,299	18,987	27,596	19,366
Land and buildings`22`	-	2,580	5,540	8,499	11,459	14,419	-	-	-
Furniture and vehicles`24`	27,605	7,919	2,633	-	4,107	8,214	12,321	16,930	4,699
Financial fixed assets`28`	2,205	2,205	3,000	3,000	-	-	900	900	900
Current assets`29/58`	64,152	82,616	156,517	170,415	122,915	54,082	93,621	99,947	100,535
Stocks and contracts in progress`3`	11,433	11,303	8,745	16,073	14,849	18,870	-	-	-
Stocks`30/36`	11,433	11,303	8,745	16,073	14,849	18,870	-	-	-
Amounts receivable within one year`40/41`	17,551	22,251	77,517	74,633	31,406	20,438	21,918	38,064	29,215
Trade receivables`40`	12,674	16,613	72,395	71,784	31,406	10,994	11,258	11,955	24,890
Other amounts receivable`41`	4,877	5,638	5,121	2,850	-	9,444	10,660	26,110	4,325
Cash at bank and in hand`54/58`	26,085	37,498	69,073	78,315	75,849	12,463	69,814	60,927	70,223
Deferred charges and accrued income`490/1`	9,083	11,564	1,183	1,394	811	2,311	1,890	957	1,097
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	93,963	95,320	167,691	181,915	138,481	79,381	113,509	128,444	120,801
Equity`10/15`	69,092	82,778	113,790	82,414	54,274	22,129	80,796	74,121	61,892
Contributions`10/11`	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200
Issued capital`100`	-	-	-	-	-	-	18,600	18,600	18,600
Uncalled capital`101`	-	-	-	-	-	-	12,400	12,400	12,400
Reserves`13`	62,892	76,578	86,214	48,074	48,074	67,921	67,921	55,692	55,692
Non-distributable reserves`130/1`	-	-	-	1,860	1,860	1,860	-	-	-
Legal reserve`130`	-	-	-	-	-	-	1,860	1,860	1,860
Reserves not available under the articles`1311`	-	-	-	1,860	1,860	1,860	-	-	-
Distributable reserves`133`	62,892	76,578	86,214	46,214	46,214	66,061	66,061	53,832	53,832
Profit (loss) carried forward`14`	-	-	21,376	28,141	-	-51,992	6,676	12,229	-
Amounts payable`17/49`	24,871	12,542	53,900	99,500	84,208	57,253	32,712	54,323	58,908
Amounts payable after more than one year`17`	-	-	6,818	18,266	29,420	4,266	9,315	19,276	10,279
Financial debts`170/4`	-	-	6,818	18,266	29,420	4,266	9,315	19,276	10,279
Amounts payable within one year`42/48`	24,871	12,146	47,083	81,234	54,638	52,987	23,369	33,999	47,630
Current portion of amounts payable after more than one year`42`	-	6,818	11,449	11,153	15,132	5,049	9,960	9,792	4,740
Trade debts`44`	23,329	1,669	24,641	54,522	23,052	22,226	8,736	5,183	2,409
Suppliers`440/4`	23,329	1,669	24,641	54,522	23,052	22,226	8,736	5,183	2,409
Advances received on contracts in progress`46`	-	-	-	-	-	3,834	-	-	-
Taxes, remuneration and social security`45`	1,525	689	10,994	11,871	6,137	20,300	4,314	16,827	10,481
Taxes`450/3`	325	689	9,229	2,439	3,767	1,939	1,953	13,827	8,981
Remuneration and social security`454/9`	1,200	-	1,765	9,432	2,370	18,361	2,361	3,000	1,500
Other amounts payable`47/48`	16	2,970	-	3,688	10,317	1,578	359	2,197	30,000
Accrued charges and deferred income`492/3`	-	396	-	-	150	-	28	1,048	1,000
Income statement
Non-recurring operating income`76A`	-	10,250	-	-	-	-	-	-	-
Gross operating margin`9900`	-1,196	-11,466	60,015	42,030	47,154	-45,159	19,482	32,654	132,701
Remuneration, social security and pensions`62`	-	-	-	-	-	-	-	-	2,526
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	6,795	7,924	3,308	7,066	9,733	8,486	8,609	8,860	9,093
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-6,431	6,431	-	-	-	-	-	-	7,324
Other operating charges`640/8`	9,062	2,381	2,709	3,013	1,184	1,383	1,593	491	1,218
Non-recurring operating charges`66A`	492	-	11,281	-	2,171	2,481	-	8,117	2,180
Operating profit (loss)`9901`	-11,114	-28,202	42,718	31,950	34,066	-57,509	9,280	15,185	110,360
Financial income`75/76B`	-	47	56	355	128	147	10	8	100
Recurring financial income`75`	-	47	56	355	128	147	10	8	100
Financial charges`65/66B`	2,289	2,547	3,092	3,850	2,049	1,306	676	774	1,542
Recurring financial charges`65`	2,289	2,547	3,092	3,850	2,049	1,306	676	774	1,542
Profit (loss) for the period before taxes`9903`	-13,403	-30,702	39,682	28,455	32,145	-58,668	8,614	14,419	108,918
Income taxes`67/77`	284	310	8,306	314	-	-	1,939	2,190	23,225
Profit (loss) for the period`9904`	-13,686	-31,012	31,376	28,141	32,145	-58,668	6,676	12,229	85,692
Profit (loss) for the period to be appropriated`9905`	-13,686	-31,012	31,376	28,141	32,145	-58,668	6,676	12,229	85,692
Appropriation of the result
Profit (loss) to be appropriated`9906`	-13,686	-9,636	59,517	28,141	-19,847	-51,992	18,904	12,229	85,692
Profit (loss) brought forward from the previous period`14P`	-	21,376	28,141	-	-51,992	-	-	-	-
Transfer from equity`791/2`	13,686	31,012	-	-	19,847	-	-	-	-
Transfer to equity`691/2`	-	21,376	38,141	-	-	-	12,229	-	55,692
To the legal reserve`6920`	-	-	-	-	-	-	-	-	1,860
To other reserves`6921`	-	21,376	38,141	-	-	-	12,229	-	53,832
Profit to be distributed`694/7`	-	-	-	-	-	-	-	-	30,000
Directors or managers`695`	-	-	-	-	-	-	-	-	30,000
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	21-08-2026	2026-00429608	PDF
31-12-2024	micro format	01-09-2025	2025-00474530	PDF
31-12-2023	micro format	30-07-2024	2024-00335410	PDF
31-12-2022	micro format	08-08-2023	2023-00326107	PDF
31-12-2021	micro format	26-08-2022	2022-20353847	PDF
31-12-2020	micro format	21-09-2021	2021-68000201	PDF
31-12-2019	micro format	09-07-2020	2020-29300465	PDF
31-12-2018	micro format	04-07-2019	2019-28900251	PDF
31-12-2017	micro format	27-07-2018	2018-39000340	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017
EBITDA	-4,319	-20,278	46,025	39,017	43,799	-49,023	17,889	24,045	119,452
Cash flow	-6,892	-23,088	34,684	35,207	41,878	-50,182	15,285	21,089	94,785
Investment in fixed assets (approximation)	23,901	12,455	2,981	3,000	0	14,798	0	27,035	31,538
Change in cash	-11,413	-31,574	-9,242	2,466	63,386	-57,351	8,887	-9,296	-
Working capital	39,282	70,470	109,435	89,181	68,277	1,096	70,253	65,948	52,905
Solvency	73.5%	86.8%	67.9%	45.3%	39.2%	27.9%	71.2%	57.7%	51.2%
Current ratio	2.58	6.80	3.32	2.10	2.25	1.02	4.01	2.94	2.11
Quick ratio	2.12	5.87	3.14	1.90	1.98	0.66	4.01	2.94	2.11
Debt to equity	0.36	0.15	0.47	1.21	1.55	2.59	0.40	0.73	0.95
ROE	-19.8%	-37.5%	27.6%	34.1%	59.2%	-265.1%	8.3%	16.5%	138.5%
ROA	-14.6%	-32.5%	18.7%	15.5%	23.2%	-73.9%	5.9%	9.5%	70.9%
Interest coverage	-1.89	-7.96	14.89	10.13	21.38	-	-	-	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€23,901	€10,250	€2,981	-	-
Financial fixed assets	-	€2,205	-	€3,000	-
Depreciation and write-downs of the year	€6,795	€7,924	€3,308	€7,066	€9,733

HEATING PLUS

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency73.5%

Current ratio2.58

Return on assets-14.6%

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on HEATING PLUS

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