L HEAT
ActiveThe computed 12-month bankruptcy probability of L HEAT is 2.0% (moderate). The 2025 annual accounts show equity of €51k and a net result of €51k. Equity is growing by ~25.2% per year across the filed fiscal years. Its solvency ranks better than 48% of 7757 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+12
Solvency67▲+22
Growth78=
Track record94
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 1.73 against 1.24 in 2024; short-term debt: 57.7% and cash: 37.6% of total assets), but 57.7% 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.
−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
Sector 43
higher
← 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
42.3%
Return on assets
42.1%
Age of the figures
9 mo
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 14-07-2026, 17 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
17 d early
2024
14 d early
2023
49 d late
2022
5 d early
2021
23 d early
← 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€51k▲ 103%
2024 · €25k
2021: €18k
2022: €17k
2023: €24k
2024: €25k
2021 → 2025
Total assets
€121k▼ 5.7%
2024 · €129k
2021: €34k
2022: €42k
2023: €43k
2024: €129k
2021 → 2025
Net result
€51k▲ 162%
2024 · €20k
2021: €16k
2022: €-824
2023: €25k
2024: €20k
2021 → 2025
Working capital
€51k▲ 110%
2024 · €24k
2021: €15k
2022: €15k
2023: €23k
2024: €24k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€18k-€17k▼ 4.5%€24k▲ 40.0%€25k▲ 4.2%€51k▲ 103%
Operating result€16k-€-725€30k€23k▼ 24.8%€64k▲ 185%
Net result€16k-€-824€25k€20k▼ 23.2%€51k▲ 162%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 185% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €121k
Equity
€51k▲ 103%
Debt
€70k▼ 32.3%
The debt ratio falls from 80.4% to 57.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€65k▲
2024 · €23k
Cash flow
€52k▲
2024 · €20k
Solvency
42.3%▲
2024 · 19.6%
Current ratio
1.73▲
2024 · 1.24
Quick ratio
1.73▲
2024 · 1.24
Debt / equity
1.37▼
2024 · 4.10
ROE
99.6%▲
2024 · 77.4%
ROA
42.1%▲
2024 · 15.2%
Interest coverage
347.54▲
2024 · 142.40
Debt
€70k▼
2024 · €103k
Debt ≤ 1 year
€70k▼
2024 · €103k
Income taxes
€14k▲
2024 · €3k
Staff costs
€18k▲
2024 · €5k
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€129k€121k▼
Fixed assets21/28€788-
Tangible fixed assets22/27€788-
Plant, machinery and equipment23€788-
Current assets29/58€128k€121k▼
Amounts receivable within one year40/41€114k€76k▼
Trade receivables40€97k€45k▼
Other amounts receivable41€17k€31k▲
Cash at bank and in hand54/58€14k€46k▲
Equity and liabilities
Total equity and liabilities10/49€129k€121k▼
Equity10/15€25k€51k▲
Contributions10/11€2k€2k=
Capital10€2k€2k=
Issued capital100€2k€2k=
Profit (loss) carried forward14€23k€49k▲
Amounts payable17/49€103k€70k▼
Amounts payable within one year42/48€103k€70k▼
Trade debts44€62k€8k▼
Suppliers440/4€62k€8k▼
Advances received on contracts in progress46€19k-
Taxes, remuneration and social security45€4k€20k▲
Taxes450/3€2k€16k▲
Remuneration and social security454/9€2k€3k▲
Other amounts payable47/48€19k€42k▲
Income statement
Code20242025
Remuneration, social security and pensions62€5k€18k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€788€788=
Other operating charges640/8€6k€4k▼
Gross operating margin9900€34k€88k▲
Operating profit (loss)9901€23k€64k▲
Financial income75/76B€6€1k▲
Recurring financial income75€6€1k▲
Financial charges65/66B€164€187▲
Recurring financial charges65€164€187▲
Profit (loss) for the period before taxes9903€22k€65k▲
Income taxes67/77€3k€14k▲
Profit (loss) for the period9904€20k€51k▲
Profit (loss) for the period to be appropriated9905€20k€51k▲
Appropriation of the result
Profit (loss) to be appropriated9906€42k€74k▲
Profit (loss) brought forward from the previous period14P€22k€23k▲
Profit to be distributed694/7€19k€25k▲
Directors or managers695€19k€25k▲
The notes to these accounts (3 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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2021net €51k ▲162%
Operating result €64k, net result €51k, both a record.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 49 days late
2023
31-12
Financial
Back to profitnet €25k
Net result €25k after one loss-making year.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-824 ▼105%
Net result drops to €-824, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
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, Sint-Genesius-Rode · 1 establishment unit since 2021
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.
Waterloose Steenweg 2001640 Sint-Genesius-RodeGround area
7,666 m²
Building footprint
1,630 m²
Volume, LiDAR
17,377 m³
2 parcels, Flanders · tallest building 23.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
L HEAT
since 20212.314.850.758
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22552E0048/00Z025 | Flanders | 7,308 m² | 1 · 1,453 m² | 23.0 m · 4 fl. |
| 41025B0436/00C004 | Flanders | 358 m² | 1 · 177 m² | 8.6 m · 1 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.
Recognitions · licences · registrations
Recognised contractor
3 categoriesL HEAT BV46203
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BE 0748.914.729
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PAESEN pomp & sproei
BE 0741.799.679
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MDL WORKS
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GN RENOVATION
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Of 7,042 companies in sector 43221 we hold annual accounts for 3,469. 2,962 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-03-2021
Fiscal year end31-12
Activities, NACEBEL
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43223Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.