LD-HVAC
ActiveSummary
The computed 12-month bankruptcy probability of LD-HVAC is 1.9% (moderate). The 2025 annual accounts show equity of €20k and a net result of €16k. Equity is growing by ~206.2% per year across the filed fiscal years. Its solvency ranks better than 31% of 1904 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
54
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability93▲+52
Solvency53▲+23
Growth78=
Track record82
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.39 against 1.05 in 2024; short-term debt: 72.1% and cash: 0.1% of total assets), and 72.1% 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.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
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 25
Relative position
BE, all sectors
reference
Sector 25
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
27.9%
Return on assets
22.2%
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 22-07-2026, 9 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
9 d early
2024
12 d early
2023
27 d early
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€20k▲ 389%
2024 · €4k
2023: €3k
2024: €4k
2023 → 2025
Total assets
€72k▼ 11.0%
2024 · €80k
2023: €3k
2024: €80k
2023 → 2025
Net result
€16k▲ 1,540%
2024 · €970
2023: €-2k
2024: €970
2023 → 2025
Working capital
€20k▲ 389%
2024 · €4k
2024: €4k
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€3k-€4k▲ 31.1%€20k▲ 389%
Operating result€-2k-€984€20k▲ 1,967%
Net result€-2k-€970€16k▲ 1,540%
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 1,967% 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 €72k
Equity
€20k ▲ 389%
Debt
€52k ▼ 32.4%
Debt's share of the balance-sheet total falls from 94.9% to 72.1%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
1.39▲
2024 · 1.05
Debt to equity
2.58▼
2024 · 18.65
ROE
79.5%▲
2024 · 23.7%
ROA
22.2%▲
2024 · 1.2%
Debt ≤ 1 year
€52k▼
2024 · €76k
Income taxes
€4k
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 · 32 lines
Balance sheet
Code20242025
Assets
Total assets20/58€80k€72k▼
Current assets29/58€80k€72k▼
Stocks and contracts in progress3€22k-
Stocks30/36€22k-
Amounts receivable within one year40/41€55k€72k▲
Trade receivables40€55k€69k▲
Other amounts receivable41€303€3k▲
Cash at bank and in hand54/58€3k€62▼
Equity and liabilities
Total equity and liabilities10/49€80k€72k▼
Equity10/15€4k€20k▲
Contributions10/11€5k€5k=
Profit (loss) carried forward14€-907€15k▲
Amounts payable17/49€76k€52k▼
Amounts payable within one year42/48€76k€52k▼
Trade debts44€52k€48k▼
Suppliers440/4€52k€48k▼
Taxes, remuneration and social security45€25k€4k▼
Taxes450/3€25k€4k▼
Income statement
Code20242025
Goods, raw materials, services and sundry goods60/61€214k€489k▲
Other operating charges640/8€505€1k▲
Gross operating margin9900€1k€21k▲
Operating profit (loss)9901€984€20k▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€14€457▲
Recurring financial charges65€14€457▲
Profit (loss) for the period before taxes9903€970€20k▲
Income taxes67/77-€4k
Profit (loss) for the period9904€970€16k▲
Profit (loss) for the period to be appropriated9905€970€16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-907€15k▲
Profit (loss) brought forward from the previous period14P€-2k€-907▲
The notes to these accounts (1 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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2023net €16k ▲1540%
Operating result €20k, net result €16k, both a record.
19-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €970
Net result €970 after one loss-making year.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · 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, Zandhoven · 1 establishment unit since 2023
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.
Mastendreef 172243 ZandhovenGround area
3,091 m²
Building footprint
306 m²
Volume, LiDAR
1,290 m³
Parcel 11034B0631/00V000, Flanders · tallest building 8.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
LD-HVAC
since 20232.351.447.967
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11034B0631/00V000 | Flanders | 3,091 m² | 1 · 306 m² | 8.8 m · 1 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.
Similar companies · same sector, comparable size
DSF RENOVATION
BE 0502.542.350
Sint-Jans-Molenbeek · Eq €19,991
RAMPART
BE 0692.567.726
Tremelo · Eq €19,981
Mertens Georges
BE 0830.328.413
Hamme (Vl.) · Eq €19,920
DK MAINTENANCE
BE 0774.927.555
Mons · Eq €19,868
H3N
BE 1014.902.882
Antwerpen · Eq €19,711
Of 3,986 companies in sector 25110 we hold annual accounts for 2,147. 1,056 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
Founded06-10-2023
Fiscal year end31-12
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
33110Repair and maintenance of fabricated metal products
47521Retail sale of hardware, building materials, paint and glass (general range)
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.