MIDAVAINE CHAUFFAGE
ActiveMIDAVAINE CHAUFFAGE has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €210k and a net result of €12k. Equity is growing by ~11% per year across the filed fiscal years. Its solvency ranks better than 59% of 27711 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▼-1
Solvency80▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 1.86 against 2.31 in 2024; short-term debt: 22.5% and cash: 3.7% of total assets), and 45.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
54.8%
Return on assets
3.1%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
22 d late
2023
20 d late
2022
18 d late
2021
53 d early
2020
23 d late
2019
31 d late
← 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€210k▲ 5.8%
2024 · €198k
2018: €119k
2019: €100k
2020: €115k
2021: €141k
2022: €167k
2023: €184k
2024: €198k
2018 → 2025
Total assets
€383k▲ 0.3%
2024 · €382k
2018: €391k
2019: €303k
2020: €290k
2021: €351k
2022: €408k
2023: €409k
2024: €382k
2018 → 2025
Net result
€12k▼ 19.2%
2024 · €15k
2018: €10k
2019: €-18k
2020: €16k
2021: €27k
2022: €27k
2023: €18k
2024: €15k
2018 → 2025
Working capital
€74k▼ 4.6%
2024 · €78k
2018: €45k
2019: €74k
2020: €89k
2021: €87k
2022: €93k
2023: €75k
2024: €78k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€141k-€167k▲ 18.3%€184k▲ 10.1%€198k▲ 7.7%€210k▲ 5.8%
Operating result€33k-€40k▲ 19.6%€30k▼ 25.8%€29k▼ 0.5%€28k▼ 5.9%
Net result€27k-€27k▼ 1.9%€18k▼ 33.6%€15k▼ 15.9%€12k▼ 19.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 6% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €383k
Fixed assets
€223k▼ 9.2%
Current assets
€160k▲ 17.3%
Equity and liabilities €383k
Equity
€210k▲ 5.8%
Debt
€173k▼ 5.7%
The debt ratio falls from 48.1% to 45.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€70k▲
2024 · €66k
Cash flow
€55k▲
2024 · €52k
Solvency
54.8%▲
2024 · 51.9%
Current ratio
1.86▼
2024 · 2.31
Quick ratio
1.29▼
2024 · 2.14
Debt / equity
0.83▼
2024 · 0.93
ROE
5.7%▼
2024 · 7.5%
ROA
3.1%▼
2024 · 3.9%
Interest coverage
13.34▲
2024 · 10.53
Debt
€173k▼
2024 · €183k
Debt ≤ 1 year
€86k▲
2024 · €59k
Debt > 1 year
€87k▼
2024 · €124k
Income taxes
€12k▼
2024 · €12k
Staff costs
€151k▲
2024 · €121k
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€382k€383k▲
Fixed assets21/28€245k€223k▼
Tangible fixed assets22/27€245k€223k▼
Land and buildings22€146k€135k▼
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€96k€84k▼
Current assets29/58€137k€160k▲
Stocks and contracts in progress3€10k€49k▲
Stocks30/36€10k€49k▲
Amounts receivable within one year40/41€68k€91k▲
Trade receivables40€64k€73k▲
Other amounts receivable41€4k€18k▲
Cash at bank and in hand54/58€54k€14k▼
Deferred charges and accrued income490/1€5k€6k▲
Equity and liabilities
Total equity and liabilities10/49€382k€383k▲
Equity10/15€198k€210k▲
Contributions10/11€12k€12k=
Reserves13€61k€73k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€59k€71k▲
Profit (loss) carried forward14€121k€121k=
Investment grants15€4k€4k▼
Amounts payable17/49€183k€173k▼
Amounts payable after more than one year17€124k€87k▼
Financial debts170/4€124k€87k▼
Amounts payable within one year42/48€59k€86k▲
Current portion of amounts payable after more than one year42€46k€38k▼
Trade debts44-€33k
Suppliers440/4-€33k
Taxes, remuneration and social security45€8k€14k▲
Taxes450/3€5k€5k▲
Remuneration and social security454/9€4k€8k▲
Other amounts payable47/48€5k€2k▼
Income statement
Code20242025
Remuneration, social security and pensions62€121k€151k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€43k▲
Other operating charges640/8€4k€3k▼
Gross operating margin9900€192k€225k▲
Operating profit (loss)9901€29k€28k▼
Financial income75/76B€4k€5k▲
Recurring financial income75€4k€5k▲
Financial charges65/66B€6k€8k▲
Recurring financial charges65€6k€5k▼
Non-recurring financial charges66B-€3k
Profit (loss) for the period before taxes9903€27k€24k▼
Income taxes67/77€12k€12k▼
Profit (loss) for the period9904€15k€12k▼
Profit (loss) for the period to be appropriated9905€15k€12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€136k€133k▼
Profit (loss) brought forward from the previous period14P€121k€121k=
Transfer to equity691/2€15k€12k▼
To other reserves6921€15k€12k▼
The notes to these accounts (9 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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €200kEq €210k ▲5.8%
6 profitable years in a row build equity to €210k.
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 18 days late
2022
31-12
Financial
Equity above €150kEq €167k ▲18.3%
3 profitable years in a row build equity to €167k.
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €27k ▲68.6%
Net result €27k, the highest in the series.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
31-12
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
31-12
Financial
Equity above €100kEq €115k ▲15.1%
Equity rises from €100k to €115k.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Weakest financial yearnet €-18k ▼275%
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 2.84
Current ratio from 1.40 to 2.84; short-term debt falls from €114k to €40k.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Tournai · 1 establishment unit since 2011
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.
Rue Germaine Devalet(TOU) 56B7500 TournaiGround area
980 m²
Building footprint
107 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
MIDAVAINE CHAUFFAGE
since 20112.206.055.162
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57042A0377/00F000 | Wallonia | 881 m² | - | - |
| 57462A0299/00Y005 | Wallonia | 99 m² | 1 · 107 m² | - |
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.
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Of 9,530 companies in sector 43222 we hold annual accounts for 5,661. 4,787 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-10-2011
Fiscal year end31-12
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
33110Repair and maintenance of fabricated metal products
43221Plumbing work
46150Agents in the wholesale of furniture, household goods and hardware
46842Wholesale trade
47521Retail sale of hardware, building materials, paint and glass (general range)
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.