Heating Tec
Open bankruptcyFinancials · financial year 2024, micro format
2024 annual accounts filed late (29 days) Filed on 29 August 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00463307.
Equity
-€331,446
2023 · €2,555
Total assets
€326,710▼ 55.4%
2023 · €732,051
Net result
-€334,001▼ 951%
2023 · -€31,784
Working capital
-€319,263
2023 · €13,254
Trend over the years
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result turns negative in 2024: a loss of €312,850 after €178 in 2023, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€312,850
2024
Net result-€334,001
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€326,710
2024
Equity-€331,446
2024
Debt€658,157
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€319,263
2024
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-102.2%
2024
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-101.4%
2024
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.20
2024
Average staff in full-time equivalents (FTE).
Staff (FTE)1.3
2022
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result€21,921-€67,210▲ 207%-€75,631€44,479€35,439▼ 20.3%€178▼ 99.5%-€312,850
Net result€11,673--€11,180-€105,669below the sector's middle half▼ 845%€31,528above the sector's middle half-€9,903below the sector's middle half-€31,784below the sector's middle half▼ 221%-€334,001below the sector's middle half▼ 951%
Equity€129,563-€118,383▼ 8.6%€12,714below the sector's middle half▼ 89.3%€44,242within the sector's middle half▲ 248%€34,339within the sector's middle half▼ 22.4%€2,555below the sector's middle half▼ 92.6%-€331,446below the sector's middle half
Total assets€330,177-€331,004▲ 0.3%€607,752above the sector's middle half▲ 83.6%€706,875above the sector's middle half▲ 16.3%€773,883above the sector's middle half▲ 9.5%€732,051above the sector's middle half▼ 5.4%€326,710above the sector's middle half▼ 55.4%
Debt€200,614-€212,621▲ 6.0%€595,037▲ 180%€662,633▲ 11.4%€739,544▲ 11.6%€729,496▼ 1.4%€658,157▼ 9.8%
Working capital€110,449-€134,790▲ 22.0%€85,142above the sector's middle half▼ 36.8%€106,823above the sector's middle half▲ 25.5%€69,310within the sector's middle half▼ 35.1%€13,254within the sector's middle half▼ 80.9%-€319,263below the sector's middle half
Solvency39.2%-35.8%▼ 3.5pp2.1%below the sector's middle half▼ 33.7pp6.3%below the sector's middle half▲ 4.2pp4.4%below the sector's middle half▼ 1.8pp0.3%below the sector's middle half▼ 4.1pp-101.4%below the sector's middle half▼ 101.8pp
Current ratio1.57-1.79▲ 0.221.32within the sector's middle half▼ 0.471.32within the sector's middle half▼ 0.011.16within the sector's middle half▼ 0.161.03below the sector's middle half▼ 0.130.20below the sector's middle half▼ 0.83
Return on assets (ROA)3.5%--3.4%▼ 6.9pp-17.4%below the sector's middle half▼ 14.0pp4.5%within the sector's middle half▲ 21.8pp-1.3%below the sector's middle half▼ 5.7pp-4.3%below the sector's middle half▼ 3.1pp-102.2%below the sector's middle half▼ 97.9pp
Staff (FTE)1-2.3▲ 130%3.3above the sector's middle half▲ 43.5%3.4▲ 3.0%1.3▼ 61.8%
above
within
below
the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €326,710
Fixed assets
€245,063 ▼ 6.4%
Current assets
€81,647 ▼ 82.6%
Equity and liabilities
Equity-€331,446
Debt€658,157
Equity is negative: debt (€658,157) exceeds the balance-sheet total (€326,710).
Key figures and ratios
EBITDA
-€295,319▼
2023 · €19,635
Cash flow
-€316,470▼
2023 · -€12,328
Interest coverage
-14.09▼
2023 · 0.78
Debt ≤ 1 year
€400,910▼
2023 · €456,854
Debt > 1 year
€257,246▼
2023 · €272,642
Income taxes
€190▼
2023 · €10,703
Staff costs
€35,224▼
2023 · €102,839
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €6,093 | - | - |
| Remuneration, social security and pensions62 | - | - | €149,870 | €158,367 | €72,969 | €102,839 | €35,224 | ▼ 65.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,652 | €6,999 | €12,477 | €19,042 | €17,999 | €19,456 | €17,531 | ▼ 9.9% |
| Other operating charges640/8 | - | - | €2,301 | €4,611 | €3,726 | €1,784 | €3,351 | ▲ 87.9% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €250 | - |
| Gross operating margin9900 | €74,926 | €179,022 | €89,017 | €226,499 | €130,133 | €124,258 | -€256,493 | - |
| Operating profit (loss)9901 | €21,921 | €67,210 | -€75,631 | €44,479 | €35,439 | €178 | -€312,850 | - |
| Financial income75/76B | - | - | €1,232 | €9,666 | €3 | €3,759 | €2 | ▼ 100.0% |
| Recurring financial income75 | - | €658 | €1,232 | €415 | €3 | €3,759 | €2 | ▼ 100.0% |
| Non-recurring financial income76B | - | - | - | €9,251 | - | - | - | - |
| Financial charges65/66B | - | - | €29,622 | €22,617 | €25,210 | €25,020 | €20,964 | ▼ 16.2% |
| Recurring financial charges65 | €4,336 | €9,527 | €29,622 | €22,617 | €25,210 | €25,020 | €20,964 | ▼ 16.2% |
| Profit (loss) for the period before taxes9903 | €17,585 | €58,341 | -€104,021 | €31,528 | €10,232 | -€21,082 | -€333,812 | ▼ 1,483% |
| Income taxes67/77 | €5,912 | €69,521 | €1,648 | - | €20,135 | €10,703 | €190 | ▼ 98.2% |
| Profit (loss) for the period9904 | €11,673 | -€11,180 | -€105,669 | €31,528 | -€9,903 | -€31,784 | -€334,001 | ▼ 951% |
| Profit (loss) for the period to be appropriated9905 | €11,673 | -€11,180 | -€105,669 | €31,528 | -€9,903 | -€31,784 | -€334,001 | ▼ 951% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €330,177 | €331,004 | €607,752 | €706,875 | €773,883 | €732,051 | €326,710 | ▼ 55.4% |
| Fixed assets21/28 | €25,970 | €26,149 | €258,313 | €262,876 | €266,452 | €261,943 | €245,063 | ▼ 6.4% |
| Tangible fixed assets22/27 | €25,970 | €26,149 | €258,313 | €262,876 | €266,452 | €261,943 | €244,412 | ▼ 6.7% |
| Land and buildings22 | - | - | €238,063 | €227,274 | €235,578 | €224,493 | €213,408 | ▼ 4.9% |
| Plant, machinery and equipment23 | - | - | €18,684 | €18,169 | €17,655 | €30,384 | €27,564 | ▼ 9.3% |
| Furniture and vehicles24 | - | - | €1,566 | €17,432 | €13,219 | €7,067 | €3,440 | ▼ 51.3% |
| Financial fixed assets28 | - | - | - | - | - | - | €651 | - |
| Current assets29/58 | €304,207 | €304,855 | €349,439 | €443,999 | €507,431 | €470,108 | €81,647 | ▼ 82.6% |
| Amounts receivable after more than one year29 | - | - | €49,814 | €78,785 | €86,200 | - | - | - |
| Other amounts receivable291 | - | - | €49,814 | €78,785 | €86,200 | - | - | - |
| Stocks and contracts in progress3 | €59,770 | €57,220 | €153,045 | €163,541 | €156,695 | €200,901 | - | - |
| Stocks30/36 | - | - | €56,645 | €145,795 | €130,775 | €140,775 | - | - |
| Contracts in progress37 | - | - | €96,400 | €17,746 | €25,920 | €60,126 | - | - |
| Amounts receivable within one year40/41 | €162,785 | €149,322 | €91,272 | €118,054 | €204,210 | €247,573 | €81,233 | ▼ 67.2% |
| Trade receivables40 | - | - | €67,546 | €97,866 | €175,689 | €168,970 | €81,233 | ▼ 51.9% |
| Other amounts receivable41 | - | - | €23,726 | €20,188 | €28,521 | €78,603 | - | - |
| Cash at bank and in hand54/58 | €1,252 | €25,192 | €50,831 | €51,940 | €37,264 | €9,401 | - | - |
| Deferred charges and accrued income490/1 | - | - | €4,477 | €31,680 | €23,063 | €12,233 | €414 | ▼ 96.6% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €330,177 | €331,004 | €607,752 | €706,875 | €773,883 | €732,051 | €326,710 | ▼ 55.4% |
| Equity10/15 | €129,563 | €118,383 | €12,714 | €44,242 | €34,339 | €2,555 | -€331,446 | - |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Contributions outside capital11 | - | - | - | - | €18,600 | - | - | - |
| Other1109/19 | - | - | - | - | €18,600 | - | - | - |
| Reserves13 | €21,860 | €99,783 | €99,783 | €99,783 | €99,783 | €99,783 | €99,783 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | €97,923 | €97,923 | €97,923 | €97,923 | €97,923 | = |
| Profit (loss) carried forward14 | €89,103 | - | -€105,669 | -€74,141 | -€84,044 | -€115,828 | -€449,829 | ▼ 288% |
| Amounts payable17/49 | €200,614 | €212,621 | €595,037 | €662,633 | €739,544 | €729,496 | €658,157 | ▼ 9.8% |
| Amounts payable after more than one year17 | €6,857 | €41,399 | €330,740 | €325,457 | €301,422 | €272,642 | €257,246 | ▼ 5.6% |
| Financial debts170/4 | - | - | €330,740 | €325,457 | €301,422 | €272,642 | €257,246 | ▼ 5.6% |
| Amounts payable within one year42/48 | €193,757 | €170,066 | €264,297 | €337,176 | €438,121 | €456,854 | €400,910 | ▼ 12.2% |
| Current portion of amounts payable after more than one year42 | - | - | €20,981 | €22,953 | €24,861 | €14,582 | €29,753 | ▲ 104% |
| Financial debts43 | - | - | €30,000 | €30,000 | €30,000 | €30,000 | €32,074 | ▲ 6.9% |
| Credit institutions430/8 | - | - | €30,000 | €30,000 | €30,000 | €30,000 | €32,074 | ▲ 6.9% |
| Trade debts44 | €95,089 | €123,680 | €176,101 | €262,166 | €357,153 | €377,558 | €315,081 | ▼ 16.5% |
| Suppliers440/4 | - | - | €176,101 | €262,166 | €357,153 | €377,558 | €315,081 | ▼ 16.5% |
| Taxes, remuneration and social security45 | - | - | €37,215 | €22,057 | €26,108 | €29,619 | €23,281 | ▼ 21.4% |
| Taxes450/3 | - | - | €21,938 | €3,731 | €15,186 | €3,574 | €9,268 | ▲ 159% |
| Remuneration and social security454/9 | - | - | €15,277 | €18,326 | €10,921 | €26,045 | €14,014 | ▼ 46.2% |
| Other amounts payable47/48 | - | - | - | - | - | €5,095 | €720 | ▼ 85.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,673 | -€11,180 | -€105,669 | €31,528 | -€9,903 | -€31,784 | -€334,001 | ▼ 951% |
| + Depreciation and write-downs630 | €5,652 | €6,999 | €12,477 | €19,042 | €17,999 | €19,456 | €17,531 | ▼ 9.9% |
| Operating cash flow (approximation) | €17,325 | -€4,181 | -€93,192 | €50,570 | €8,096 | -€12,328 | -€316,470 | ▼ 2,467% |
| Investment in fixed assets (approximation) | - | -€7,177 | -€244,641 | -€23,605 | -€21,575 | -€14,948 | -€651 | ▲ 95.6% |
| Change in cash | - | €23,940 | €25,639 | €1,109 | -€14,676 | -€27,862 | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 29-08-2025 | 2025-00463307 |
| 31-12-2023 | micro format | 22-10-2024 | 2024-00512704 |
| 31-12-2022 | micro format | 04-10-2023 | 2023-00470524 |
| 31-12-2021 | micro format | 16-11-2022 | 2022-20522310 |
| 31-12-2020 | micro format | 15-06-2022 | 2022-20065700 |
| 31-12-2019 | micro format | 01-02-2021 | 2021-04900194 |
| 31-12-2018 | micro format | 24-06-2019 | 2019-22400367 |
| 31-12-2017 | abbreviated format | 03-07-2018 | 2018-28000319 |
| 31-12-2016 | abbreviated format | 10-08-2017 | 2017-42900535 |
| 31-12-2015 | abbreviated format | 30-06-2016 | 2016-25500574 |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 7,013 active companies whose main activity is plumbing work (NACE 43221), figures are known for 3,571. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.