HVAC Xpair
ActiveSummary
The computed 12-month bankruptcy probability of HVAC Xpair is 5.0% (elevated). The 2024 annual accounts show equity of €91k and a net result of €45k. Its solvency ranks better than 43% of 36375 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. An elevated bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability87▼-13
Solvency66▲+5
Growth52
Track record94
Bankruptcy probability, 12 months
5.0%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days only on tighter terms
Liquidity ample (current ratio 2.64 against 2.05 in 2023; short-term debt: 37.2% and cash: 47% of total assets), but 59.5% 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 →
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 29-06-2025, 32 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
32 d early
2023
30 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€293k
EBIT margin
26.6%
Net result
€45k▼ 33.4%
2023 · €67k
2023: €67k
2023 → 2024
Working capital
€138k▲ 108%
2023 · €66k
2023: €66k
2023 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Turnover€293k-
Equity€46k-€91k▲ 97.4%
Operating result€78k-€58k▼ 25.3%
Net result€67k-€45k▼ 33.4%
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 2024; 2024 is 25% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €225k
Fixed assets
€3k
Current assets
€221k
Equity and liabilities €225k
Equity
€91k ▲ 97.4%
Provisions
€30k ▲ 50.0%
Debt
€104k ▲ 64.2%
The debt ratio falls from 48.8% to 46.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€60k
Cash flow
€47k
Current ratio
2.64▲
2023 · 2.05
Debt / equity
1.14▼
2023 · 1.37
ROE
49.3%▼
2023 · 146.2%
ROA
20.0%▼
2023 · 52.1%
Debt ≤ 1 year
€84k▲
2023 · €63k
Debt > 1 year
€20k
Income taxes
€13k▲
2023 · €11k
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 · 2024 against 2023 · 53 lines
Balance sheet
Code20232024
Assets
Total assets20/58€129k€225k▲
Formation expenses20€0-
Fixed assets21/28€0€3k▲
Tangible fixed assets22/27€0€3k▲
Plant, machinery and equipment23€0-
Furniture and vehicles24€0-
Leasing and similar rights25€0-
Other tangible fixed assets26€0€3k▲
Assets under construction and advance payments27€0-
Current assets29/58€129k€221k▲
Amounts receivable within one year40/41€73k€113k▲
Trade receivables40€61k€85k▲
Other amounts receivable41€13k€29k▲
Cash at bank and in hand54/58€56k€105k▲
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€129k€225k▲
Equity10/15€46k€91k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€43k€88k▲
Provisions and deferred taxes16€20k€30k▲
Provisions for liabilities and charges160/5€20k€30k▲
Major repairs and maintenance162€20k€30k▲
Amounts payable17/49€63k€104k▲
Amounts payable after more than one year17-€20k
Financial debts170/4-€20k
Amounts payable within one year42/48€63k€84k▲
Trade debts44€20k€53k▲
Suppliers440/4€20k€53k▲
Taxes, remuneration and social security45€44k€30k▼
Taxes450/3€16k€24k▲
Remuneration and social security454/9€28k€6k▼
Income statement
Code20232024
Turnover70€293k-
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€2k
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-30k
Provisions for liabilities and charges: additions (uses and reversals)635/8€-20k-
Non-recurring operating charges66A€0-
Gross operating margin9900€58k€30k▼
Operating profit (loss)9901€78k€58k▼
Financial income75/76B€0-
Recurring financial income75€0-
Non-recurring financial income76B€0-
Financial charges65/66B€0-
Recurring financial charges65€0-
Non-recurring financial charges66B€0-
Profit (loss) for the period before taxes9903€78k€58k▼
Income taxes67/77€11k€13k▲
Profit (loss) for the period9904€67k€45k▼
Profit (loss) for the period to be appropriated9905€67k€45k▼
Appropriation of the result
Profit (loss) to be appropriated9906€67k€88k▲
Profit (loss) brought forward from the previous period14P-€43k
Profit to be distributed694/7€24k-
Directors or managers695€24k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
NBB filing
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, Brussel · 1 establishment unit since 2024
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.
Dieudonné Lefèvrestraat 171020 BrusselGround area
8,222 m²
Building footprint
5,857 m²
Volume, LiDAR
60,763 m³
Parcel 21815D0297/00G004, Brussels · tallest building 15.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
HVAC XPAIR
since 20242.378.803.254
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21815D0297/00G004 | Brussels | 8,221 m² | 1 · 5,857 m² | 15.0 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.
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BDL CHAUFFAGE
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Of 9,530 companies in sector 43222 we hold annual accounts for 5,662. 4,888 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
Founded21-04-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.