HVAC Itterbeek
ActiveThe computed 12-month bankruptcy probability of HVAC Itterbeek is 2.3% (moderate). The 2025 annual accounts show equity of €6k and a net result of €1k. Equity is shrinking by ~4% per year across the filed fiscal years. Its solvency ranks better than 14% of 27450 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
38
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability34▼-3
Solvency35=
Growth32=
Track record94
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.1 against 1.09 in 2024; short-term debt: 90.2% and cash: 15.2% of total assets), and 90.2% 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 · 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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 27450 sector peers (2025).
NBB · sector comparisonPosition among 27450 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 5 filingsDeviation from the deadline
2025
31 d late
2024
61 d late
2023
27 d late
2022
31 d late
2021
60 d late
← 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
€6k▼ 8.1%
2024 · €6k
2021: €9k
2022: €5k
2023: €6k
2024: €6k
2021 → 2025
Total assets
€57k▼ 8.8%
2024 · €62k
2021: €45k
2022: €55k
2023: €79k
2024: €62k
2021 → 2025
Net result
€1k▼ 46.0%
2024 · €2k
2021: €7k
2022: €-4k
2023: €2k
2024: €2k
2021 → 2025
Working capital
€5k▲ 2.5%
2024 · €5k
2021: €-2k
2022: €-868
2023: €4k
2024: €5k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€9k-€5k▼ 44.1%€6k▲ 12.8%€6k▲ 9.3%€6k▼ 8.1%
Operating result€9k-€-2k€8k€10k▲ 17.9%€8k▼ 15.4%
Net result€7k-€-4k€2k€2k▼ 4.8%€1k▼ 46.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 15% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €57k
Fixed assets
€635▼ 48.9%
Current assets
€56k▼ 8.0%
Equity and liabilities €57k
Equity
€6k▼ 8.1%
Debt
€51k▼ 8.9%
The debt ratio falls from 90.3% to 90.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€9k▼
2024 · €11k
Cash flow
€2k▼
2024 · €3k
Solvency
9.8%▲
2024 · 9.7%
Current ratio
1.10▲
2024 · 1.09
Quick ratio
0.58▼
2024 · 0.59
Debt / equity
9.24▼
2024 · 9.32
ROE
21.2%▼
2024 · 36.1%
ROA
2.1%▼
2024 · 3.5%
Interest coverage
1.54▼
2024 · 1.68
Debt
€51k▼
2024 · €56k
Debt ≤ 1 year
€51k▼
2024 · €56k
Income taxes
€1k▼
2024 · €1k
Staff costs
€17k▲
2024 · €16k
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€62k€57k▼
Fixed assets21/28€1k€635▼
Tangible fixed assets22/27€1k€635▼
Plant, machinery and equipment23€1k€635▼
Furniture and vehicles24€0-
Current assets29/58€61k€56k▼
Stocks and contracts in progress3€28k€27k▼
Stocks30/36€12k€8k▼
Contracts in progress37€17k€19k▲
Amounts receivable within one year40/41€15k€13k▼
Trade receivables40€4k€6k▲
Other amounts receivable41€10k€6k▼
Cash at bank and in hand54/58€4k€9k▲
Deferred charges and accrued income490/1€14k€8k▼
Equity and liabilities
Total equity and liabilities10/49€62k€57k▼
Equity10/15€6k€6k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€3k€3k▼
Amounts payable17/49€56k€51k▼
Amounts payable within one year42/48€56k€51k▼
Financial debts43€45€32▼
Credit institutions430/8€45€32▼
Trade debts44€22k€10k▼
Suppliers440/4€22k€10k▼
Taxes, remuneration and social security45€10k€9k▼
Taxes450/3€6k€6k▼
Remuneration and social security454/9€4k€3k▼
Other amounts payable47/48€24k€33k▲
Income statement
Code20242025
Non-recurring operating income76A€18k€0▼
Remuneration, social security and pensions62€16k€17k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€860€607▼
Other operating charges640/8€984€3k▲
Gross operating margin9900€28k€29k▲
Operating profit (loss)9901€10k€8k▼
Financial income75/76B€179€50▼
Recurring financial income75€179€50▼
Financial charges65/66B€6k€6k▼
Recurring financial charges65€6k€6k▼
Profit (loss) for the period before taxes9903€4k€3k▼
Income taxes67/77€1k€1k▼
Profit (loss) for the period9904€2k€1k▼
Profit (loss) for the period to be appropriated9905€2k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€5k€4k▼
Profit (loss) brought forward from the previous period14P€3k€3k▲
Profit to be distributed694/7€2k€2k=
Return on contributions (dividend)694€2k€2k=
The notes to these accounts (4 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-4k ▼152%
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 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, Dilbeek · 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.
Pajottenstraat 121703 DilbeekGround area
3,233 m²
Building footprint
331 m²
Volume, LiDAR
1,787 m³
2 parcels, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HVAC Itterbeek
since 20202.311.087.257
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23075C0219/00W000 | Flanders | 2,781 m² | 1 · 208 m² | 9.0 m · 2 fl. |
| 23070A0070/00F002 | Flanders | 452 m² | 1 · 124 m² | 7.5 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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Of 7,036 companies in sector 43221 we hold annual accounts for 3,468. 1,199 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-12-2020
Fiscal year end31-12
Activities, NACEBEL
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43410Roofing work
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.