HEATING PLUS
ActiveSummary
HEATING PLUS has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €69,092 and a net result of -€13,686. Equity has been stable since 2018 (±2.3% per year). Its solvency ranks better than 79% of 34,946 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 17-08-2016 Normal situation
- Activity
- Plumbing work NACE 43221and 2 others
- Establishment unit
- 2.255.611.472 3581 Beringen, since 22-08-2016
- Financial year end
- 31 December
- Peppol
- Reachable since 14-01-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.1%
- Gross margin
- -€1,196
- ▲ 89.6%
- Loss
- €13,686
- ▼ 55.9%
- Equity
- €69,092
- ▼ 16.5%
- Total assets
- €93,963
- ▼ 1.4%
- 2025 accounts filed 21 days after the deadline
Score breakdownraises riskLoss of €13,686, the second in a row (financial year 2025)1 change of registered office in 24 monthsLast filed accounts filed 21 days late; 1 of the last 3 accounts latelowers riskLiquidity: current ratio 2.58, cash €26,085Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 79% of them on solvency, 73% on liquidity, 9% on profitability and 20% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 17 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 21 days after the deadline Filed on 21 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00429608.
Annual accounts 2025 filed on 21-08-2026 at the NBB all 9 filings
Every figure per financial year
The operating result for 2025 is a loss of €11,114, smaller than the loss of €28,202 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €2,981 | €10,250 | €23,901 |
| Financial fixed assets | - | €3,000 | - | €2,205 | - |
| Depreciation and write-downs of the year | €9,733 | €7,066 | €3,308 | €7,924 | €6,795 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €10,250 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,860 | €8,609 | €8,486 | €9,733 | €7,066 | €3,308 | €7,924 | €6,795 | ▼ 14.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | €6,431 | -€6,431 | - |
| Other operating charges640/8 | - | - | - | €1,184 | €3,013 | €2,709 | €2,381 | €9,062 | ▲ 281% |
| Non-recurring operating charges66A | - | - | - | €2,171 | - | €11,281 | - | €492 | - |
| Gross operating margin9900 | €32,654 | €19,482 | -€45,159 | €47,154 | €42,030 | €60,015 | -€11,466 | -€1,196 | ▲ 89.6% |
| Operating profit (loss)9901 | €15,185 | €9,280 | -€57,509 | €34,066 | €31,950 | €42,718 | -€28,202 | -€11,114 | ▲ 60.6% |
| Financial income75/76B | - | - | - | €128 | €355 | €56 | €47 | - | - |
| Recurring financial income75 | €8 | €10 | €147 | €128 | €355 | €56 | €47 | - | - |
| Financial charges65/66B | - | - | - | €2,049 | €3,850 | €3,092 | €2,547 | €2,289 | ▼ 10.1% |
| Recurring financial charges65 | €774 | €676 | €1,306 | €2,049 | €3,850 | €3,092 | €2,547 | €2,289 | ▼ 10.1% |
| Profit (loss) for the period before taxes9903 | €14,419 | €8,614 | -€58,668 | €32,145 | €28,455 | €39,682 | -€30,702 | -€13,403 | ▲ 56.3% |
| Income taxes67/77 | €2,190 | €1,939 | - | - | €314 | €8,306 | €310 | €284 | ▼ 8.7% |
| Profit (loss) for the period9904 | €12,229 | €6,676 | -€58,668 | €32,145 | €28,141 | €31,376 | -€31,012 | -€13,686 | ▲ 55.9% |
| Profit (loss) for the period to be appropriated9905 | €12,229 | €6,676 | -€58,668 | €32,145 | €28,141 | €31,376 | -€31,012 | -€13,686 | ▲ 55.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €128,444 | €113,509 | €79,381 | €138,481 | €181,915 | €167,691 | €95,320 | €93,963 | ▼ 1.4% |
| Fixed assets21/28 | €28,496 | €19,887 | €25,299 | €15,566 | €11,499 | €11,173 | €12,704 | €29,810 | ▲ 135% |
| Tangible fixed assets22/27 | €27,596 | €18,987 | €25,299 | €15,566 | €8,499 | €8,173 | €10,499 | €27,605 | ▲ 163% |
| Land and buildings22 | - | - | - | €11,459 | €8,499 | €5,540 | €2,580 | - | - |
| Furniture and vehicles24 | - | - | - | €4,107 | - | €2,633 | €7,919 | €27,605 | ▲ 249% |
| Financial fixed assets28 | €900 | €900 | - | - | €3,000 | €3,000 | €2,205 | €2,205 | = |
| Current assets29/58 | €99,947 | €93,621 | €54,082 | €122,915 | €170,415 | €156,517 | €82,616 | €64,152 | ▼ 22.3% |
| Stocks and contracts in progress3 | - | - | €18,870 | €14,849 | €16,073 | €8,745 | €11,303 | €11,433 | ▲ 1.2% |
| Stocks30/36 | - | - | - | €14,849 | €16,073 | €8,745 | €11,303 | €11,433 | ▲ 1.2% |
| Amounts receivable within one year40/41 | €38,064 | €21,918 | €20,438 | €31,406 | €74,633 | €77,517 | €22,251 | €17,551 | ▼ 21.1% |
| Trade receivables40 | - | - | - | €31,406 | €71,784 | €72,395 | €16,613 | €12,674 | ▼ 23.7% |
| Other amounts receivable41 | - | - | - | - | €2,850 | €5,121 | €5,638 | €4,877 | ▼ 13.5% |
| Cash at bank and in hand54/58 | €60,927 | €69,814 | €12,463 | €75,849 | €78,315 | €69,073 | €37,498 | €26,085 | ▼ 30.4% |
| Deferred charges and accrued income490/1 | - | - | - | €811 | €1,394 | €1,183 | €11,564 | €9,083 | ▼ 21.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €128,444 | €113,509 | €79,381 | €138,481 | €181,915 | €167,691 | €95,320 | €93,963 | ▼ 1.4% |
| Equity10/15 | €74,121 | €80,796 | €22,129 | €54,274 | €82,414 | €113,790 | €82,778 | €69,092 | ▼ 16.5% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €55,692 | €67,921 | €67,921 | €48,074 | €48,074 | €86,214 | €76,578 | €62,892 | ▼ 17.9% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | €46,214 | €46,214 | €86,214 | €76,578 | €62,892 | ▼ 17.9% |
| Profit (loss) carried forward14 | €12,229 | €6,676 | -€51,992 | - | €28,141 | €21,376 | - | - | - |
| Amounts payable17/49 | €54,323 | €32,712 | €57,253 | €84,208 | €99,500 | €53,900 | €12,542 | €24,871 | ▲ 98.3% |
| Amounts payable after more than one year17 | €19,276 | €9,315 | €4,266 | €29,420 | €18,266 | €6,818 | - | - | - |
| Financial debts170/4 | - | - | - | €29,420 | €18,266 | €6,818 | - | - | - |
| Amounts payable within one year42/48 | €33,999 | €23,369 | €52,987 | €54,638 | €81,234 | €47,083 | €12,146 | €24,871 | ▲ 105% |
| Current portion of amounts payable after more than one year42 | - | - | - | €15,132 | €11,153 | €11,449 | €6,818 | - | - |
| Trade debts44 | €5,183 | €8,736 | €22,226 | €23,052 | €54,522 | €24,641 | €1,669 | €23,329 | ▲ 14× |
| Suppliers440/4 | - | - | - | €23,052 | €54,522 | €24,641 | €1,669 | €23,329 | ▲ 14× |
| Taxes, remuneration and social security45 | - | - | - | €6,137 | €11,871 | €10,994 | €689 | €1,525 | ▲ 121% |
| Taxes450/3 | - | - | - | €3,767 | €2,439 | €9,229 | €689 | €325 | ▼ 52.8% |
| Remuneration and social security454/9 | - | - | - | €2,370 | €9,432 | €1,765 | - | €1,200 | - |
| Other amounts payable47/48 | - | - | - | €10,317 | €3,688 | - | €2,970 | €16 | ▼ 99.4% |
| Accrued charges and deferred income492/3 | - | - | - | €150 | - | - | €396 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,229 | €6,676 | -€58,668 | €32,145 | €28,141 | €31,376 | -€31,012 | -€13,686 | ▲ 55.9% |
| + Depreciation and write-downs630 | €8,860 | €8,609 | €8,486 | €9,733 | €7,066 | €3,308 | €7,924 | €6,795 | ▼ 14.3% |
| Operating cash flow (approximation) | €21,089 | €15,285 | -€50,182 | €41,878 | €35,207 | €34,684 | -€23,088 | -€6,892 | ▲ 70.2% |
| Investment in fixed assets (approximation) | - | €0 | -€13,898 | €0 | -€3,000 | -€2,981 | -€9,455 | -€23,901 | ▼ 153% |
| Change in cash | - | €8,887 | -€57,351 | €63,386 | €2,466 | -€9,242 | -€31,574 | -€11,413 | ▲ 63.9% |
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, 4,805 companies had the same profile as HEATING PLUS has now. Two years later, 88.1% were still going and 2.0% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% 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 HEATING PLUS itself: 1.1% 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 4,805 companies, not a prediction for HEATING PLUS. 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.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 21-08-2026 | 2026-00429608 | |
| 31-12-2024 | micro format | 01-09-2025 | 2025-00474530 | |
| 31-12-2023 | micro format | 30-07-2024 | 2024-00335410 | |
| 31-12-2022 | micro format | 08-08-2023 | 2023-00326107 | |
| 31-12-2021 | micro format | 26-08-2022 | 2022-20353847 | |
| 31-12-2020 | micro format | 21-09-2021 | 2021-68000201 | |
| 31-12-2019 | micro format | 09-07-2020 | 2020-29300465 | |
| 31-12-2018 | micro format | 04-07-2019 | 2019-28900251 | |
| 31-12-2017 | micro format | 27-07-2018 | 2018-39000340 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 18-12-2023 Converted to unavailable equity · €8,060
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| CAM Emre |
|
| MURAT Latif |
|
Articles of association
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Bij ontbinding om welke reden en op welk ogenblik ook, algemene vergadering mag één of meerdere vereffenaars aanduiden,bevoegdheden…”
Articles of association, deed of 18-12-2023 (in Dutch)
Network & group
HEATING PLUS shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of HEATING PLUS. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
28-09
Gazette deed
Registered office moved from Beringen to Hechtel-Eksel2 points ▸
- Board meeting, 09-08-2026
- Registered-office move, Hasseltsebaan 95 te 3940 Hechtel-Eksel
14-06
Gazette deed
Registered office moved within Beringen3 points ▸
- Board meeting, 30-04-2024
- Registered-office move, Nijverheidspark 3 Unit 6C te 3580 Beringen
- Other provision, “publication reference”, 24090421 (deed in Dutch)
18-12
Gazette deed
Resignations: CAM Emre (director) and MURAT Latif (director)Appointments: CAM Emre (director) and MURAT Latif (director) · Amendment of the articles · Capital conversion11 points ▸
- General meeting, 11-12-2023
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffen, statutair onbeschikbare eigen vermogensrekening aangelegd bij toepassing van artikel 39,§2,tweede lid wet van 23-03-2019” (deed in Dutch)
- Other provision, “deel van in verleden geplaatst kapitaal op heden nog niet gestort geboekt op eigen vermogensrekening niet-opgevraagde inbrengen” (deed in Dutch)
- Capital
- Director resignation, CAM Emre
- Director resignation, MURAT Latif
- Director appointment, CAM Emre (director (not named in the articles))
- Director appointment, MURAT Latif (director (not named in the articles))
- Registered office clause, “3581 Beringen,Koolmijnlaan 394” (deed in Dutch)
29-03
Gazette deed
Registered office moved within Beringen2 points ▸
- Board meeting, 10-03-2022
- Registered-office move, Koolmijnlaan 394 te 3581 Beringen
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
2 former offices
- Nijverheidspark 3 Unit 3C, 3580 Beringen until the act of 28-09-2026
- Koolmijnlaan 394, 3581 Beringen until the act of 14-06-2024
Activities
NACEBEL 2025Codes under NACEBEL 2008
13 activities
- Installeren van sanitaire inrichtingen en gasverwarming
- Lood-en zinkwerk
- Installeren van waterverzachters
- Plaatsen van apparatuur en toestellen voor waterbehandeling van zwembaden
- Het kopen,verkopen,huren en verhuren,het onderhouden en herstellen van wellnessproducten zoals sauna’s,hotsprings,zwembaden en aanverwanten.
- Installatie van luchtbehandeling en climatisering en warme luchtkanalen
- Aan-en verkoop van verwarmingsinstallaties,-toestellen en sanitaire toestellen alsook de plaatsing ervan
- Tussenpersoon in de handel
- Het plaatsen,aan-en verkoop,import en export en herstellen van zonnepanelen en warmtepompen
- Elektriciteitswerken en elektrotechnisch installateur
- Het beheren van beleggingen en van participaties in dochtervennootschappen,het waarnemen van bestuurdersfuncties,het verlenen van advies,management en andere diensten aan of in overeenstemming met de activiteiten die de vennootschap zelf voert.Deze diensten kunnen worden geleverd krachtens contractuele of statutaire benoemingen en in de hoedanigheid van externe raadgever of orgaan van de cliënt
- Het beleggen,het intekenen op,vast overnemen,plaatsen,kopen,verkopen en verhandelen van aandelen,deelbewijzen,obligaties,warrants,certificaten,schuldvorderingen,gelden en andere roerende waarden,uitgegeven door Belgische of buitenlandse ondernemingen al dan niet onder de vorm van handelsvennootschappen,administratiekantoren,instellingen en verenigingen al dan niet met een (semi)-publiekrechterlijk statuut
- Het kopen,verkopen,afstaan,ruilen,huren en verhuren,leasen,oprichten met oog op wederverkoop of verhuur,alsook het beheer zowel voor eigen rekening als voor rekening van derden van alle onroerende goederen en rechten
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0660.957.703
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 72013B0078/00K000 | Flanders | 795 m² | 1 · 111 m² | 6.9 m · 2 |
| 71005C1331/00V018 | Flanders | 310 m² | 1 · 232 m² | 7.3 m · 2 |