HVAC Performance
ActiveSummary
The computed 12-month bankruptcy probability of HVAC Performance is 2.0% (moderate). The 2025 annual accounts show equity of €451k and a net result of €187k. Equity is growing by ~66.1% per year across the filed fiscal years. Its solvency ranks better than 77% of 27965 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency97▲+10
Growth78=
Track record94
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 3.51 against 2.48 in 2024; short-term debt: 27.5% and cash: 74.9% of total assets), and 27.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
72.5%
Return on assets
30%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 3 filingsDeviation from the deadline
2025
27 d late
2024
61 d late
2023
29 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€451k▲ 70.6%
2024 · €265k
2023: €102klowest in 3 years
2024: €265k▲ +160% vs 2023
2025: €451k▲ +70.6% vs 2024highest in 3 years
2023 → 2025
Total assets
€623k▲ 45.1%
2024 · €429k
2023: €284klowest in 3 years
2024: €429k▲ +51.0% vs 2023
2025: €623k▲ +45.1% vs 2024highest in 3 years
2023 → 2025
Net result
€187k▲ 14.9%
2024 · €163k
2023: €96klowest in 3 years
2024: €163k▲ +68.8% vs 2023
2025: €187k▲ +14.9% vs 2024highest in 3 years
2023 → 2025
Working capital
€431k▲ 76.8%
2024 · €244k
2023: €97klowest in 3 years
2024: €244k▲ +152% vs 2023
2025: €431k▲ +76.8% vs 2024highest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€102k-€265k▲ 160%€451k▲ 70.6%
2023: €102klowest in 3 years
2024: €265k▲ +160% vs 2023
2025: €451k▲ +70.6% vs 2024highest in 3 years
Operating result€123k-€212k▲ 72.8%€243k▲ 14.4%
2023: €123klowest in 3 years
2024: €212k▲ +72.8% vs 2023
2025: €243k▲ +14.4% vs 2024highest in 3 years
Net result€96k-€163k▲ 68.8%€187k▲ 14.9%
2023: €96klowest in 3 years
2024: €163k▲ +68.8% vs 2023
2025: €187k▲ +14.9% vs 2024highest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 14% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €623k
Fixed assets
€21k ▼ 1.3%
Current assets
€602k ▲ 47.5%
Equity and liabilities €623k
Equity
€451k ▲ 70.6%
Debt
€172k ▲ 4.1%
Debt's share of the balance-sheet total falls from 38.4% to 27.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€249k▲
2024 · €215k
Cash flow
€193k▲
2024 · €166k
Current ratio
3.51▲
2024 · 2.48
Debt to equity
0.38▼
2024 · 0.62
ROE
41.4%▼
2024 · 61.5%
ROA
30.0%▼
2024 · 37.9%
Interest coverage
658.56▼
2024 · 812.29
Debt ≤ 1 year
€172k▲
2024 · €165k
Income taxes
€56k▲
2024 · €49k
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 · 2025 against 2024 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€429k€623k▲
Fixed assets21/28€21k€21k▼
Intangible fixed assets21€1k€805▼
Tangible fixed assets22/27€20k€15k▼
Plant, machinery and equipment23€19k€15k▼
Other tangible fixed assets26€578-
Financial fixed assets28€91€5k▲
Current assets29/58€408k€602k▲
Amounts receivable within one year40/41€154k€136k▼
Trade receivables40€60k€25k▼
Other amounts receivable41€94k€110k▲
Cash at bank and in hand54/58€254k€467k▲
Equity and liabilities
Total equity and liabilities10/49€429k€623k▲
Equity10/15€265k€451k▲
Contributions10/11€6k€6k=
Capital10€6k-
Issued capital100€6k-
Profit (loss) carried forward14€259k€446k▲
Amounts payable17/49€165k€172k▲
Amounts payable within one year42/48€165k€172k▲
Trade debts44€35k€47k▲
Suppliers440/4€35k€47k▲
Taxes, remuneration and social security45€130k€124k▼
Taxes450/3€130k€124k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€6k▲
Other operating charges640/8€683€58▼
Gross operating margin9900€216k€249k▲
Operating profit (loss)9901€212k€243k▲
Financial income75/76B€10€139▲
Recurring financial income75€10€139▲
Financial charges65/66B€265€378▲
Recurring financial charges65€265€378▲
Profit (loss) for the period before taxes9903€212k€243k▲
Income taxes67/77€49k€56k▲
Profit (loss) for the period9904€163k€187k▲
Profit (loss) for the period to be appropriated9905€163k€187k▲
Appropriation of the result
Profit (loss) to be appropriated9906€259k€446k▲
Profit (loss) brought forward from the previous period14P€96k€259k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €255 | €3k | €6k | ▲ 102% |
| Other operating charges640/8 | €63 | €683 | €58 | ▼ 91.5% |
| Gross operating margin9900 | €123k | €216k | €249k | ▲ 15.3% |
| Operating profit (loss)9901 | €123k | €212k | €243k | ▲ 14.4% |
| Financial income75/76B | €47 | €10 | €139 | ▲ 1,290% |
| Recurring financial income75 | €47 | €10 | €139 | ▲ 1,290% |
| Financial charges65/66B | €141 | €265 | €378 | ▲ 42.6% |
| Recurring financial charges65 | €141 | €265 | €378 | ▲ 42.6% |
| Profit (loss) for the period before taxes9903 | €123k | €212k | €243k | ▲ 14.5% |
| Income taxes67/77 | €26k | €49k | €56k | ▲ 13.1% |
| Profit (loss) for the period9904 | €96k | €163k | €187k | ▲ 14.9% |
| Profit (loss) for the period to be appropriated9905 | €96k | €163k | €187k | ▲ 14.9% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €284k | €429k | €623k | ▲ 45.1% |
| Fixed assets21/28 | €5k | €21k | €21k | ▼ 1.3% |
| Intangible fixed assets21 | €1k | €1k | €805 | ▼ 27.1% |
| Tangible fixed assets22/27 | €4k | €20k | €15k | ▼ 25.2% |
| Plant, machinery and equipment23 | €4k | €19k | €15k | ▼ 22.9% |
| Other tangible fixed assets26 | - | €578 | - | - |
| Financial fixed assets28 | €91 | €91 | €5k | ▲ 5,495% |
| Current assets29/58 | €279k | €408k | €602k | ▲ 47.5% |
| Amounts receivable within one year40/41 | €227k | €154k | €136k | ▼ 12.2% |
| Trade receivables40 | €202k | €60k | €25k | ▼ 57.7% |
| Other amounts receivable41 | €25k | €94k | €110k | ▲ 17.0% |
| Cash at bank and in hand54/58 | €51k | €254k | €467k | ▲ 83.7% |
| Deferred charges and accrued income490/1 | €938 | - | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €284k | €429k | €623k | ▲ 45.1% |
| Equity10/15 | €102k | €265k | €451k | ▲ 70.6% |
| Contributions10/11 | €6k | €6k | €6k | = |
| Capital10 | €6k | €6k | - | - |
| Issued capital100 | €6k | €6k | - | - |
| Profit (loss) carried forward14 | €96k | €259k | €446k | ▲ 72.1% |
| Amounts payable17/49 | €182k | €165k | €172k | ▲ 4.1% |
| Amounts payable within one year42/48 | €182k | €165k | €172k | ▲ 4.1% |
| Trade debts44 | €99k | €35k | €47k | ▲ 34.8% |
| Suppliers440/4 | €99k | €35k | €47k | ▲ 34.8% |
| Taxes, remuneration and social security45 | €84k | €130k | €124k | ▼ 4.2% |
| Taxes450/3 | €84k | €130k | €124k | ▼ 4.2% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €96k | €163k | €187k | ▲ 14.9% |
| + Depreciation and write-downs630 | €255 | €3k | €6k | ▲ 102% |
| Operating cash flow (approximation) | €97k | €166k | €193k | ▲ 16.4% |
| Investment in fixed assets (approximation) | - | €-19k | €-6k | ▲ 69.6% |
| Change in cash | - | €203k | €213k | ▲ 4.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Highest result since 2023net €187k ▲14.9%
Operating result €243k, net result €187k, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Equity above €200kEq €265k ▲160%
2 profitable years in a row build equity to €265k.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Overijse · 1 establishment unit since 2022
Ground area
1,934 m²
Building footprint
198 m²
Volume, LiDAR
848 m³
Parcel 23062B0376/02D005, Flanders · tallest building 6.6 m, ±1 floor. Linked by address, not a title deed.
311
companies at this address
See who is registered here
1 establishment unit
HVAC Performance
since 20222.337.341.197
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23062B0376/02D005 | Flanders | 1,934 m² | 1 · 198 m² | 6.6 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
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
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BOUWBEDRIJF DEVREKER
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Of 4,096 companies in sector 43240 we hold annual accounts for 1,633. 1,023 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-10-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43240Other construction installation
Scores and ratios are computed by Checked and are not a credit decision.