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HydroHeating Technics

Active
Private limited companyfounded 2024active for 2 yearsKastanjeweg 7, 3140 Keerbergen, BelgiumKBO/BCE: BE 1012.837.772
Summary

The computed 12-month bankruptcy probability of HydroHeating Technics is 1.6% (moderate). The 2025 annual accounts show equity of €23,542 and a net result of €13,416. Its solvency ranks better than 41% of 34,954 sector peers (NACE 43, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Overview

Official details

Source: KBO
Status
Active since 27-08-2024 Normal situation
Activity
Plumbing work NACE 43221and 1 other
Establishment unit
2.363.041.942 3110 Rotselaar, since 27-08-2024
Financial year end
31 December
Peppol
Reachable since 10-09-2024

Board and ownership

Board

Financial position

65 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
1.6%
Annual accounts 2025
Gross margin
€22,383
▲ 102%
Turnover
≈ €200,000
estimated
Profit
€13,416
▲ 65.1%
Equity
€23,542
▲ 132%
Total assets
€60,702
▲ 245%
Score breakdownraises riskFounded in 20241 change of registered office in 24 monthslowers riskLiquidity: current ratio 1.37, cash €33,577Figures for financial year 2025 (filed on 03-08-2026)Show the evidence

Checked score

Score 2025
65 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 71% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Strong
Solvency 64-19
equity 38.8% of total assets
Liquidity 68-12
short-term debt 61.2% · cash 55.3%
Profitability 96-4
return on assets 22.1%
Bankruptcy probability within 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,674 companies, NACE 43, micro)
Last 24 months 09-2025: 1.9% 10-2025: 0.8%▼ -1.1 percentage points vs 09-2025 11-2025: 0.8%● unchanged vs 10-2025 12-2025: 0.8%● unchanged vs 11-2025 01-2026: 0.8%● unchanged vs 12-2025lowest value 02-2026: 0.8%● unchanged vs 01-2026 03-2026: 0.8%● unchanged vs 02-2026 04-2026: 0.9%▲ +0.1 percentage points vs 03-2026 05-2026: 0.9%● unchanged vs 04-2026 06-2026: 0.9%● unchanged vs 05-2026 07-2026: 2.1%▲ +1.2 percentage points vs 06-2026highest value 08-2026: 1.5%▼ -0.6 percentage points vs 07-2026 09-2026: 1.6%▲ +0.1 percentage points vs 08-2026 10-2026: 1.6%● unchanged vs 09-2026 11-2026: 1.6%● unchanged vs 10-2026
Credit of up to €1,500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.37 (1.67 in 2024), below the usual 1.5. Short-term debt is 61.2% and cash 55.3% of total assets. 61.2% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 41% of them on solvency, 67% on liquidity, 82% on profitability and 93% on growth.

The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 1.37, cash €33,577
NBB · annual accounts
raises risk · Founded in 2024
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Figures for financial year 2025 (filed on 03-08-2026)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
1 day early
2024
39 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 2 accounts on average 19 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Where today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since incorporation in 2024.
KBO publications

Financials

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 30-07-2026 at the NBB all 2 filings

Turnover
≈ €200,000
Estimated: probably between €150,000 and €410,000
Total assets
€60,702▲ 245%
2024 · €17,588
Net result
€13,416▲ 65.1%
2024 · €8,126
Working capital
€13,762▲ 174%
2024 · €5,025
Multi-year overview
2024 to 2025, 2 financial years
Operating result
€19,468
▲ 83.3% 2025
20242025
Net result
€13,416
▲ 65.1% 2025
middle half of the sector
20242025
Equity
€23,542
▲ 132% 2025
middle half of the sector
20242025
Total assets
€60,702
▲ 245% 2025
lowest quarter of the sector
20242025
Debt
€37,160
▲ 398% 2025
20242025
Working capital
€13,762
▲ 174% 2025
middle half of the sector
20242025
Solvency
38.8%
▼ 18.8pp 2025
middle half of the sector
20242025
Current ratio
1.37
▼ 0.30 2025
middle half of the sector
20242025
Return on assets (ROA)
22.1%
▼ 24.1pp 2025
highest quarter of the sector
20242025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line20242025
Operating result€10,618-€19,468▲ 83.3%
Net result€8,126within the sector's middle half-€13,416within the sector's middle half▲ 65.1%
Equity€10,126below the sector's middle half-€23,542within the sector's middle half▲ 132%
Total assets€17,588below the sector's middle half-€60,702below the sector's middle half▲ 245%
Debt€7,462-€37,160▲ 398%
Working capital€5,025within the sector's middle half-€13,762within the sector's middle half▲ 174%
Solvency57.6%within the sector's middle half-38.8%within the sector's middle half▼ 18.8pp
Current ratio1.67within the sector's middle half-1.37within the sector's middle half▼ 0.30
Return on assets (ROA)46.2%above the sector's middle half-22.1%above the sector's middle half▼ 24.1pp
above within below The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.

The operating result for 2025 is 83% higher than in 2024.

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €60,702
Fixed assets €9,780 ▲ 91.7%
Current assets €50,922 ▲ 308%
Equity and liabilities €60,702
Equity €23,542 ▲ 132%
Debt €37,160 ▲ 398%
Debt's share of the balance-sheet total rises from 42.4% to 61.2%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€21,701▲
2024 · €10,723
Cash flow
€15,649▲
2024 · €8,230
Debt to equity
1.58▲
2024 · 0.74
ROE
57.0%▼
2024 · 80.2%
Interest coverage
9.89▼
2024 · 27.34
Debt ≤ 1 year
€37,160▲
2024 · €7,462
Income taxes
€3,858▲
2024 · €2,100
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired
Item20242025
Tangible fixed assets€5,206€6,912
Depreciation and write-downs of the year€105€2,233

Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet Code20242025
Assets
Total assets20/58€17,588€60,702▲
Fixed assets21/28€5,101€9,780▲
Tangible fixed assets22/27€5,101€9,780▲
Plant, machinery and equipment23-€5,971
Furniture and vehicles24€5,101€3,809▼
Current assets29/58€12,487€50,922▲
Amounts receivable within one year40/41€2,526€17,335▲
Trade receivables40€126€12,274▲
Other amounts receivable41€2,400€5,061▲
Cash at bank and in hand54/58€9,238€33,577▲
Deferred charges and accrued income490/1€722€10▼
Equity and liabilities
Total equity and liabilities10/49€17,588€60,702▲
Equity10/15€10,126€23,542▲
Contributions10/11€2,000€2,000=
Reserves13€8,126€21,542▲
Distributable reserves133€8,126€21,542▲
Amounts payable17/49€7,462€37,160▲
Amounts payable within one year42/48€7,462€37,160▲
Trade debts44€0€12,803▲
Suppliers440/4€0€12,803▲
Taxes, remuneration and social security45€2,100€6,030▲
Taxes450/3€2,100€6,030▲
Other amounts payable47/48€5,362€18,326▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€105€2,233▲
Other operating charges640/8€385€682▲
Gross operating margin9900€11,108€22,383▲
Operating profit (loss)9901€10,618€19,468▲
Financial income75/76B-€2
Recurring financial income75-€2
Financial charges65/66B€392€2,195▲
Recurring financial charges65€392€2,195▲
Profit (loss) for the period before taxes9903€10,226€17,275▲
Income taxes67/77€2,100€3,858▲
Profit (loss) for the period9904€8,126€13,416▲
Profit (loss) for the period to be appropriated9905€8,126€13,416▲
Appropriation of the result
Profit (loss) to be appropriated9906€8,126€13,416▲
Transfer to equity691/2€8,126€13,416▲
To other reserves6921€8,126€13,416▲

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 30-07-2026.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€105€2,233▲ 21×
Other operating charges640/8€385€682▲ 77.2%
Gross operating margin9900€11,108€22,383▲ 102%
Operating profit (loss)9901€10,618€19,468▲ 83.3%
Financial income75/76B-€2-
Recurring financial income75-€2-
Financial charges65/66B€392€2,195▲ 460%
Recurring financial charges65€392€2,195▲ 460%
Profit (loss) for the period before taxes9903€10,226€17,275▲ 68.9%
Income taxes67/77€2,100€3,858▲ 83.7%
Profit (loss) for the period9904€8,126€13,416▲ 65.1%
Profit (loss) for the period to be appropriated9905€8,126€13,416▲ 65.1%
Line20242025Change
Assets
Total assets20/58€17,588€60,702▲ 245%
Fixed assets21/28€5,101€9,780▲ 91.7%
Tangible fixed assets22/27€5,101€9,780▲ 91.7%
Plant, machinery and equipment23-€5,971-
Furniture and vehicles24€5,101€3,809▼ 25.3%
Current assets29/58€12,487€50,922▲ 308%
Amounts receivable within one year40/41€2,526€17,335▲ 586%
Trade receivables40€126€12,274▲ 97×
Other amounts receivable41€2,400€5,061▲ 111%
Cash at bank and in hand54/58€9,238€33,577▲ 263%
Deferred charges and accrued income490/1€722€10▼ 98.6%
Equity and liabilities
Total equity and liabilities10/49€17,588€60,702▲ 245%
Equity10/15€10,126€23,542▲ 132%
Contributions10/11€2,000€2,000=
Reserves13€8,126€21,542▲ 165%
Distributable reserves133€8,126€21,542▲ 165%
Amounts payable17/49€7,462€37,160▲ 398%
Amounts payable within one year42/48€7,462€37,160▲ 398%
Trade debts44€0€12,803-
Suppliers440/4€0€12,803-
Taxes, remuneration and social security45€2,100€6,030▲ 187%
Taxes450/3€2,100€6,030▲ 187%
Other amounts payable47/48€5,362€18,326▲ 242%
Line20242025Change
Profit (loss) for the period9904€8,126€13,416▲ 65.1%
+ Depreciation and write-downs630€105€2,233▲ 21×
Operating cash flow (approximation)€8,230€15,649▲ 90.1%
Investment in fixed assets (approximation)--€6,912-
Change in cash-€24,339-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Historical observation

In July 2024, 39,278 companies had the same profile as HydroHeating Technics has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
95.8% was still going
2.3% stopped otherwise
1.8% went bankrupt

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of HydroHeating Technics itself: 1.6% within 12 months.

Test of the method

The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 39,278 companies, not a prediction for HydroHeating Technics. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Filings with the National Bank (2)
Financial year Type Filed Reference Document
31-12-2025 micro format 30-07-2026 2026-00373395 PDF
31-12-2024 micro format 08-09-2025 2025-00488225 PDF

Board & ownership

Directors

Directors
1 director, no change since 2024
BLOMME Glen
Director (not named in the articles) · since 27-08-2024 · term without a fixed end · listed in the 2025 annual accounts, filed on 30-07-2026
Current
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 29-08-2024

Owners and capital

Shareholders

At incorporation act of 29-08-2024 ↗

Capital transactions

Capital over time
  1. 29-08-2024 Incorporation · €2,000 · 100 shares

Articles of association

Board ruleThese rules set how the board is made up, meets and takes decisions.
“Natuurlijke personen of rechtspersonen,al dan niet aandeelhouder, 1”
Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
No statutory auditor

Articles of association, deed of 29-08-2024 (in Dutch)

Network & group

HydroHeating Technics shares no director with another company.

Companies at the same address

2 other companies

Connections & network

1 current director
Depth

The network starts from the directors of HydroHeating Technics. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Acts, filings and financial milestones

Deadline for the 2026 accounts: 31-07-2027
2026
30-07
NBB filing Annual accounts 2025 filedNBB
micro format · 1 day before the deadline
09-06
Gazette deed Registered office moved from Rotselaar to Keerbergen
New seat: Kastanjeweg 7, 3140 Keerbergen · Previous seat: Stationsstraat 249, 3110 Rotselaar3 points ▸
  • General meeting, 23-04-2026
  • Other provision, “samenstelling,geldigheid en stemming”, 1 (deed in Dutch)
  • Registered-office move, Kastanjeweg 7, 3140 Keerbergen

Open the act in the Belgian Official Gazette

2025
08-09
NBB filing Annual accounts 2024 filedNBB
micro format · 39 days late
2024
29-08
Gazette deed Incorporation
Starting capital €2,000 · Appointment: BLOMME Glen (director) · Founder7 points ▸
  • Incorporation, 26-08-2024
  • Founder, BLOMME Glen
  • Founding capital, €2,000
  • Registered office clause, “3110 Rotselaar,Stationsstraat 249” (deed in Dutch)
  • Board rule, 1
  • Director appointment, BLOMME Glen (director (not named in the articles))
  • Pre-incorporation commitments, “takeover, alle verbintenissen en verplichtingen die eruit voortvloeien,en alle activiteiten ondernomen in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)

Open the act in the Belgian Official Gazette

Gazette deedNBB filing

Sources:Publications in the Belgian Official GazetteFilings with the National Bank

History

On 27 August 2024, HydroHeating Technics was incorporated as a private limited company by one natural person, with a starting capital of €2,000.12 In 2026 the registered office moved to Keerbergen.3 BLOMME Glen has served as director since 2024.4

  1. 1KBO register
  2. 2Belgian Official Gazette, 29-08-2024
  3. 3Belgian Official Gazette, 09-06-2026
  4. 4National Bank, annual accounts 2025

Company details

Register details

Identity

KBO record
Name HydroHeating Technics in Dutch
Enterprise number 1012.837.772
Legal form Private limited company
Status Active, normale toestand
Founded 27-08-2024
Entity type Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 29-08-2024 (in Dutch)
Name clauseThe company operates under this name according to its articles.
HydroHeating Technics
deed of 29-08-2024 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 29-08-2024 (in Dutch)

Registered office and establishments

Registered office Kastanjeweg 7, 3140 Keerbergen, Belgium
1 former office
  • Stationsstraat 249, 3110 Rotselaar until the act of 09-06-2026
Establishment unit HydroHeating Technics, Stationsstraat 249, 3110 Rotselaar since 27-08-2024 · unit number 2.363.041.942

Activities

NACEBEL 2025
43221 Plumbing work main activity
41001 General construction of residential buildings
Codes under NACEBEL 2008
43221 Plumbing main activity
41201 General construction of buildings

Invoicing and payment

VAT number BE 1012.837.772
E-invoicing via Peppol
Reachable via Peppol
Peppol ID 0208:1012837772
Other Peppol ID 9925:BE1012837772
Registered 10-09-2024

Follow this company and you will hear the next morning if it leaves the Peppol register.

Register as of 3 November 2026 · Peppol Directory

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 1012.837.772

Financial year and general meeting

Accounts at the NBB
Financial year end 31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
30 June at 18:00
deed of 29-08-2024 (in Dutch)

Sites & property

Location
registered office establishment The establishment unit on the map
3 companies at this address See who is registered here

Buildings and parcels at the addresses

Ground area
942 m²
Building footprint
230 m²
Building volume
1,079 m³
Tallest building: 9.7 m.
Cadastral parcel Region Area Buildings Height / floors
24048D0266/00P002 Flanders 610 m² 1 · 136 m² 5.6 m · 1
24094C0777/00K004 Flanders 332 m² 1 · 93 m² 9.7 m · 2