Financials
- Fiscal year
- 2025
- Turnover
- €1.4m
- Profit
- €115,041
- Solvency
- 52.7%
Turnover▼ 14.4%
Net result
20222025
KILOWATTS
ActiveThe file of KILOWATTS contains 2 historical bankruptcy publications, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 0.8% (low). The 2025 annual accounts show equity of €341,026 and a net result of €115,041. Equity is growing by ~38.4% per year across the filed fiscal years. Its solvency ranks better than 60% of 9523 sector peers (fiscal year 2025).
Overview
Activity
Installation of electric heating, air conditioning, cooling and ventilation
NACE 43222Other building finishing work NACE 43350
1 site
Size
€1.4mturnover 2025
- Equity
- €341,026
- Profit
- €115,041
Structure
Accounts 9 d early0 of 6 deeds read
Why 68- 1 change of registered office in 24 months- Liquidity: current ratio 2.13, cash €23,187, halved- Sector Specialised construction activities (NACE 43)+ Figures for FY 2025 (filed 22-07-2026)Show the evidence
Checked score
Score 2025
68
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 50% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
78+12
equity 52.7% of total assets
Liquidity
33-5
short-term debt 44.4% · cash 3.6%
Profitability
84+25
return on assets 17.8%
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 3.0%
12-2024: 2.8%▼ -7.4% vs 11-2024
01-2025: 4.0%▲ +43.4% vs 12-2024
02-2025: 3.9%▼ -2.7% vs 01-2025
03-2025: 4.1%▲ +6.3% vs 02-2025
04-2025: 4.3%▲ +4.3% vs 03-2025
05-2025: 4.8%▲ +11.7% vs 04-2025highest value
06-2025: 4.1%▼ -14.2% vs 05-2025
07-2025: 0.7%▼ -83.5% vs 06-2025
08-2025: 0.7%● 0.0% vs 07-2025
09-2025: 0.6%▼ -9.3% vs 08-2025
10-2025: 0.6%● 0.0% vs 09-2025
11-2025: 0.6%● 0.0% vs 10-2025
12-2025: 0.6%● 0.0% vs 11-2025
01-2026: 0.6%▼ -0.2% vs 12-2025lowest value
02-2026: 0.6%▲ +0.6% vs 01-2026
03-2026: 0.6%● 0.0% vs 02-2026
04-2026: 0.7%▲ +16.0% vs 03-2026
05-2026: 0.9%▲ +20.9% vs 04-2026
06-2026: 0.8%▼ -3.7% vs 05-2026
07-2026: 0.9%▲ +6.3% vs 06-2026
08-2026: 0.8%▼ -7.6% vs 07-2026
09-2026: 0.8%▲ +0.6% vs 08-2026
10-2026: 0.8%▼ -3.7% vs 09-2026
- 1 change of registered office in 24 months raises the probability
- Liquidity: current ratio 2.13, cash €23,187, halved raises the probability
- Figures for FY 2025 (filed 22-07-2026) lowers the probability
- Sector Specialised construction activities (NACE 43) raises the probability
Credit up to €23,000 at 30 days only on tighter terms
Liquidity ample (current ratio 2.13 against 1.67 in 2024; short-term debt: 44.4% and cash: 3.6% of total assets), and 47.3% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 57%, liquidity 21%, profitability 67%, growth against the median 57%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 22-07-2026, 9 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
9 d early
2024
44 d early
2023
16 d early
2022
17 d early
2021
81 d late
2020
5 d early
2019
39 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 4 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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. Usually files around 16 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
05-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Highest result since 2018net €115,041 ▲400%
- Annual accounts filedfiscal year 2024 · micro…
Key points
By topic
Timeline
- Events
- 16
- Since
- 2018
- Next accounts
- by 31-07-2027
- 22-07-2026Annual accounts filed
- 31-12-2025Highest result since 2018
- 17-06-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Installation of electric heating, air conditioning, cooling and…NACE 43222
- Founded
- 02-05-2017
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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