Heating Projects
ActiveSummary
The computed 12-month bankruptcy probability of Heating Projects is 2.4% (moderate). The 2024 annual accounts show equity of €33k and a net result of €26k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 57% of 36375 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
74
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency78▲+14
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 1.83 against 1.64 in 2023; short-term debt: 46.8% and cash: 39.6% of total assets), and 46.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 2024Solvency, return and age of the figures
Solvency
53.2%
Return on assets
42%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
69 d late
2022
31 d late
2021
31 d late
2020
20 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€33k▲ 376%
2023 · €7k
2020: €7k
2021: €-10k
2022: €-8k
2023: €7k
2020 → 2024
Total assets
€62k▲ 250%
2023 · €18k
2020: €37k
2021: €22k
2022: €11k
2023: €18k
2020 → 2024
Net result
€26k▲ 70.4%
2023 · €15k
2020: €5k
2021: €-17k
2022: €1k
2023: €15k
2020 → 2024
Working capital
€24k▲ 248%
2023 · €7k
2020: €7k
2021: €-10k
2022: €-8k
2023: €7k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€7k-€-10k€-8k▲ 14.8%€7k€33k▲ 376%
Operating result€6k-€-15k€3k€20k▲ 539%€39k▲ 97.2%
Net result€5k-€-17k€1k€15k▲ 951%€26k▲ 70.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 97% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €62k
Fixed assets
€9k
Current assets
€53k
Equity and liabilities €62k
Equity
€33k ▲ 376%
Debt
€29k ▲ 169%
Debt's share of the balance-sheet total falls from 60.9% to 46.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€44k
Cash flow
€30k
Current ratio
1.83▲
2023 · 1.64
Quick ratio
1.74▲
2023 · 1.41
Debt to equity
0.88▼
2023 · 1.56
ROE
79.0%▼
2023 · 220.4%
ROA
42.0%▼
2023 · 86.2%
Interest coverage
20.91
Debt ≤ 1 year
€29k▲
2023 · €11k
Income taxes
€11k▲
2023 · €4k
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 · 2024 against 2023 · 42 lines
Balance sheet
Code20232024
Assets
Total assets20/58€18k€62k▲
Fixed assets21/28-€9k
Tangible fixed assets22/27-€9k
Furniture and vehicles24-€9k
Current assets29/58€18k€53k▲
Stocks and contracts in progress3€3k€3k=
Stocks30/36€3k€3k=
Amounts receivable within one year40/41€14k€25k▲
Trade receivables40€10k€9k▼
Other amounts receivable41€4k€16k▲
Cash at bank and in hand54/58€811€25k▲
Deferred charges and accrued income490/1€589€1k▲
Equity and liabilities
Total equity and liabilities10/49€18k€62k▲
Equity10/15€7k€33k▲
Contributions10/11€3k€3k=
Reserves13-€26k
Distributable reserves133-€26k
Profit (loss) carried forward14€4k€4k=
Amounts payable17/49€11k€29k▲
Amounts payable within one year42/48€11k€29k▲
Trade debts44€6k€13k▲
Suppliers440/4€6k€13k▲
Taxes, remuneration and social security45€4k€16k▲
Taxes450/3€4k€16k▲
Other amounts payable47/48€0-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€4k
Other operating charges640/8€736€2k▲
Non-recurring operating charges66A-€112
Gross operating margin9900€21k€46k▲
Operating profit (loss)9901€20k€39k▲
Financial income75/76B€38€352▲
Recurring financial income75€38€352▲
Financial charges65/66B€402€2k▲
Recurring financial charges65€402€2k▲
Profit (loss) for the period before taxes9903€20k€37k▲
Income taxes67/77€4k€11k▲
Profit (loss) for the period9904€15k€26k▲
Profit (loss) for the period to be appropriated9905€15k€26k▲
Appropriation of the result
Profit (loss) to be appropriated9906€4k€31k▲
Profit (loss) brought forward from the previous period14P€-11k€4k▲
Transfer to equity691/2-€26k
To other reserves6921-€26k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2020net €26k ▲70.4%
Operating result €39k, net result €26k, both a record.
08-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 69 days late
2023
31-12
Financial
Liquidity triplescurrent ratio 1.64
Current ratio from 0.56 to 1.64; short-term debt falls from €19k to €11k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-17k ▼472%
Net result drops to €-17k, the lowest in the series; recovery starts the following year.
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Edegem · 1 establishment unit since 2020
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.
Ter Borchtlaan 92650 EdegemGround area
322 m²
Building footprint
86 m²
Volume, LiDAR
578 m³
Parcel 11013A0278/00A004, Flanders · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Heating Projects
since 20202.308.101.043
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11013A0278/00A004 | Flanders | 322 m² | 1 · 86 m² | 10.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
D-HAW
BE 0759.755.171
Zwevegem · Eq €33,189
BEN-TECHNICS
BE 0750.989.242
Elsene · Eq €33,167
EASY SERVICE GROUP
BE 0795.356.745
Zaventem · Eq €33,140
KWALITY CONCEPT
BE 0739.573.035
Nivelles · Eq €33,251
Nantec
BE 0786.439.475
Lommel · Eq €33,092
Of 7,041 companies in sector 43221 we hold annual accounts for 3,471. 2,791 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-09-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
33110Repair and maintenance of fabricated metal products
41001General construction of residential buildings
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.