MDH Verwarming
ActiveSummary
The computed 12-month bankruptcy probability of MDH Verwarming is 1.7% (moderate). The 2025 annual accounts show equity of €464k and a net result of €41k. Equity is growing by ~34.1% per year across the filed fiscal years. Its solvency ranks better than 92% of 27786 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
81
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78▼-22
Solvency100=
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 15.15 against 5.54 in 2024; short-term debt: 6.3% and cash: 65.2% of total assets), and 11.3% of the assets are financed with debt.
Credit check 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 · 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
88.7%
Return on assets
7.8%
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 29-07-2026, 2 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
2 d early
2024
31 d late
2023
118 d late
2022
92 d late
2021
60 d late
← 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
€464k▲ 9.6%
2024 · €424k
2021: €89k
2022: €174k
2023: €288k
2024: €424k
2021 → 2025
Total assets
€523k▲ 2.4%
2024 · €511k
2021: €238k
2022: €260k
2023: €463k
2024: €511k
2021 → 2025
Net result
€41k▼ 69.8%
2024 · €135k
2021: €86k
2022: €86k
2023: €114k
2024: €135k
2021 → 2025
Working capital
€467k▲ 17.4%
2024 · €398k
2021: €66k
2022: €143k
2023: €298k
2024: €398k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€89k-€174k▲ 96.5%€288k▲ 65.5%€424k▲ 46.8%€464k▲ 9.6%
Operating result€122k-€122k=€152k▲ 23.9%€176k▲ 16.3%€58k▼ 67.3%
Net result€86k-€86k▼ 0.2%€114k▲ 33.4%€135k▲ 18.3%€41k▼ 69.8%
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 2025; 2025 is 67% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €523k
Fixed assets
€24k ▼ 8.1%
Current assets
€500k ▲ 3.0%
Equity and liabilities €523k
Equity
€464k ▲ 9.6%
Debt
€59k ▼ 32.6%
Debt's share of the balance-sheet total falls from 17.2% to 11.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€67k▼
2024 · €183k
Cash flow
€50k▼
2024 · €141k
Current ratio
15.15▲
2024 · 5.54
Quick ratio
15.00▲
2024 · 5.48
Debt to equity
0.13▼
2024 · 0.21
ROE
8.8%▼
2024 · 31.9%
ROA
7.8%▼
2024 · 26.4%
Interest coverage
14.78▼
2024 · 125.06
Debt ≤ 1 year
€33k▼
2024 · €88k
Debt > 1 year
€26k
Income taxes
€18k▼
2024 · €41k
Staff costs
€9k▲
2024 · €8k
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 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€511k€523k▲
Fixed assets21/28€26k€24k▼
Tangible fixed assets22/27€26k€24k▼
Land and buildings22€7k€7k▼
Plant, machinery and equipment23€11k€7k▼
Furniture and vehicles24€4k€6k▲
Other tangible fixed assets26€5k€5k=
Current assets29/58€485k€500k▲
Stocks and contracts in progress3€5k€5k▼
Stocks30/36€5k€5k▼
Amounts receivable within one year40/41€161k€150k▼
Trade receivables40€59k€41k▼
Other amounts receivable41€102k€109k▲
Current investments50/53€200€3k▲
Cash at bank and in hand54/58€319k€341k▲
Deferred charges and accrued income490/1€173€263▲
Equity and liabilities
Total equity and liabilities10/49€511k€523k▲
Equity10/15€424k€464k▲
Contributions10/11€3k€3k=
Reserves13€171k€461k▲
Distributable reserves133€171k€461k▲
Profit (loss) carried forward14€249k-
Amounts payable17/49€88k€59k▼
Amounts payable after more than one year17-€26k
Financial debts170/4-€26k
Amounts payable within one year42/48€88k€33k▼
Current portion of amounts payable after more than one year42-€9k
Trade debts44€76k€22k▼
Suppliers440/4€76k€22k▼
Taxes, remuneration and social security45€11k€2k▼
Taxes450/3€9k€513▼
Remuneration and social security454/9€3k€2k▼
Income statement
Code20242025
Remuneration, social security and pensions62€8k€9k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€9k▲
Other operating charges640/8€3k€4k▲
Gross operating margin9900€194k€79k▼
Operating profit (loss)9901€176k€58k▼
Financial income75/76B€1k€6k▲
Recurring financial income75€1k€6k▲
Financial charges65/66B€1k€5k▲
Recurring financial charges65€1k€5k▲
Profit (loss) for the period before taxes9903€176k€59k▼
Income taxes67/77€41k€18k▼
Profit (loss) for the period9904€135k€41k▼
Profit (loss) for the period to be appropriated9905€135k€41k▼
Appropriation of the result
Profit (loss) to be appropriated9906€249k€290k▲
Profit (loss) brought forward from the previous period14P€114k€249k▲
Transfer to equity691/2-€290k
To other reserves6921-€290k
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
Next filing, fiscal year 2026, expected by
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €41k ▼69.8%
Net result drops to €41k, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 15.15
Current ratio from 5.54 to 15.15; short-term debt falls from €88k to €33k.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Highest result since 2021net €135k ▲18.3%
Operating result €176k, net result €135k, both a record.
26-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 118 days late
2023
31-12
Financial
Equity above €200kEq €288k ▲65.5%
3 profitable years in a row build equity to €288k.
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 92 days late
2022
31-12
Financial
Equity above €150kEq €174k ▲96.5%
2 profitable years in a row build equity to €174k.
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
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, Duffel · 1 establishment unit since 2020
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.
Heidestraat 162570 DuffelGround area
2,023 m²
Building footprint
165 m²
Volume, LiDAR
984 m³
Parcel 12302C0628/00T002, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MDH Verwarming
since 20202.308.347.701
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12302C0628/00T002 | Flanders | 2,023 m² | 1 · 165 m² | 8.8 m · 2 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.
Recognitions · licences · registrations
Dual-learning approval
2 endedMonteur sanitaire en verwarmingsinstallaties duaal (so)
Monteur centrale verwarming (so)
Similar companies · same sector, comparable size
VERWARMING & SANITAIR BART
BE 0471.430.490
Bertem · Eq €464,323
PASCAL MATHY
BE 0632.742.777
Jemeppe-sur-Sambre · Eq €463,987
JDS Airconditioning
BE 0676.544.811
Bocholt · Eq €463,346
FUMISTERIE DUBOIS
BE 0448.120.402
Welkenraedt · Eq €463,251
MORTITECH
BE 0811.634.731
Wingene · Eq €463,231
Of 9,530 companies in sector 43222 we hold annual accounts for 5,662. 4,109 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
Founded08-10-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43221Plumbing work
43230Insulation installation
43320Joinery installation
68203Renting and operating of own or leased non-residential real estate, excluding land
96993Pet care services, excluding veterinary services
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.