Parent and group
- Luminus80.42%
- EDF BELGIUM68.63%
NAESSENS H.V.AC.
ActiveSummary
NAESSENS H.V.AC. has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.9m and a net result of -€1.2m. Equity has been stable since 2018 (±1.1% per year). Its solvency ranks better than 40% of 2,445 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Overview
Official details
Source: KBO- Status
- Active since 12-01-2001 Normal situation
- Activity
- Installation of electric heating, air conditioning, cooling and ventilation NACE 43222
- Joint committee
- 149.01 Paritair Subcomité voor de elektriciens: installatie en distributie · annual accounts 2025
- Establishment unit
- 2.101.204.102 8790 Waregem, since 12-02-2001
- Financial year end
- 31 December
- Peppol
- Reachable
Board and ownership
- Auditor
- BMS & C°
Shareholders
- Advices for Technical Systems100%· score 962025 annual accounts of Advices for Technical Systems
- LOUBO CONCEPT30%· score 922023 annual accounts of LOUBO CONCEPT
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.8%
Annual accounts 2025
- Turnover
- €12.2m
- ▼ 4.0%
- Loss
- €1.2m
- ▼ 48.0%
- Equity
- €2.9m
- ▼ 29.8%
- Total assets
- €8.1m
- ▼ 3.3%
- Employees on 31-12-2025
- 38
- ▲ 2.7%
Score breakdownraises riskLoss of €1.2m, the second in a row (financial year 2025)1 change of registered office in 24 monthsSector: Specialised construction activities (NACE 43)lowers riskLiquidity: current ratio 2.50, cash €1.5mShow the evidence
Checked score
Score 2025
68
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 38% of small companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Weak
Solvency
61-13
equity 35.7% of total assets
Liquidity
64+6
short-term debt 24.6% · cash 18.3%
Profitability
0=
return on assets -15.2%
Bankruptcy probability within 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
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025lowest value
03-2025: < 0.1%● unchanged vs 02-2025lowest value
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: 0.3%▲ +0.3 percentage points vs 06-2025
08-2025: 0.3%● unchanged vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.6%▲ +0.3 percentage points vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.6%● unchanged vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026
07-2026: 0.6%● unchanged vs 06-2026
08-2026: 0.8%▲ +0.2 percentage points vs 07-2026
09-2026: 1.0%▲ +0.2 percentage points vs 08-2026highest value
10-2026: 0.8%▼ -0.2 percentage points vs 09-2026
11-2026: 0.8%● unchanged vs 10-2026
Credit of up to €190,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.5 (2.31 in 2024), above the usual 1.5. Short-term debt is 24.6% and cash 18.3% of total assets. However, 64.3% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, small). It does better than 47% of them on solvency, 79% on liquidity, 2% on profitability and 24% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€1.2m
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 24-06-2026, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
37 days early
2024
43 days early
2023
56 days early
2022
16 days late
2021
40 days early
2020
50 days early
2019
32 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 35 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 21 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Key points
- Caution: Lower net result than 95% of companies in specialised constructionsector median €42,866 · 2,446 companies -€1.2m View
- Positive: Result rose in 2025from -€2.4m to -€1.2m ▲ 48.0% View
- Caution: 2 loss-making years in a rowloss in financial year 2025 -€1.2m View
- Board changedlatest change 01-06-2026 · 4 in office 1 joined · 1 left View
Recent changes
- · Gazette deed 1 director appointed, 1 director resigning, 1 reappointedAppointment: Jorn Ostijn (director and managing director) · Resignation: Filip De Bruyne (managing director) · Reappointment: BMS&C° (statutory auditor)
- · Gazette deed Registered office moved from Deerlijk to WaregemNew seat: Roterijstraat 145 te 8790 Waregem · Previous seat: Desselgemsesteenweg 39-41 te 8540 Deerlijk · Resignation: Hendrik Aelbrecht (managing director)
- · Gazette deed 1 director appointed, 2 directors resigningPermanent representatives: René Schepens, Hendrik Aelbrecht and Luc Naessens · Resignation: Loubo Concept b.v. (director) · Appointment: Hendrik Aelbrecht (managing director)
Companies linked to NAESSENS H.V.AC.
Comparable companies
These companies have the same main activity as NAESSENS H.V.AC.: installation of electric heating, air conditioning, cooling and ventilation (NACE 43222). They are comparable in size and age: total assets between €5.9m and €9.2m, founded between 1984 and 2004.
| Company | Total assets | Turnover |
|---|---|---|
| NAESSENS H.V.AC. Waregem | €8.1m | €12.2m |
| ABN KLIMATISATIE Bilzen-Hoeselt | €9.2m | €13.2m |
| ENERGIE ET CONFORT Liège | €6.5m | €10.1m |
| Artes Uptech Oudenburg | €8.1m | €19.8m |
| FIEUW KOELTECHNIEK Roeselare | €7.5m | €11.8m |
| AIR AMBIANCE Herve | €5.9m | €12.0m |
| FIRE CONCEPT Saint-Ghislain | €6.2m | €11.2m |
Key facts about NAESSENS H.V.AC.
- What is the company number of NAESSENS H.V.AC.?
- The company number of NAESSENS H.V.AC. is 0473.821.640. The VAT number is the same number with BE in front: BE 0473.821.640.
- Where is NAESSENS H.V.AC. based?
- The registered office is at Roterijstraat 145, 8790 Waregem.Company details
- What does NAESSENS H.V.AC. do?
- According to the KBO register, the main activity is installation of electric heating, air conditioning, cooling and ventilation (NACE 43222).
- What is the legal form of NAESSENS H.V.AC.?
- The legal form of NAESSENS H.V.AC. is Public limited company (NV).
- When was NAESSENS H.V.AC. founded?
- NAESSENS H.V.AC. was founded on 12-01-2001.
- Is NAESSENS H.V.AC. still active?
- Yes, NAESSENS H.V.AC. is an active enterprise in the KBO register.
- How many employees does NAESSENS H.V.AC. have?
- NAESSENS H.V.AC. had an average of 38.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does NAESSENS H.V.AC. fall under?
- In its 2025 annual accounts, NAESSENS H.V.AC. states joint committee 149.01 (Paritair Subcomité voor de elektriciens: installatie en distributie).
- What is the turnover of NAESSENS H.V.AC.?
- The turnover of NAESSENS H.V.AC. was €12.2m in financial year 2025, according to the filed annual accounts.
- Is NAESSENS H.V.AC. profitable?
- In financial year 2025, NAESSENS H.V.AC. made a loss of €1.2m.
- Where can I find the annual accounts of NAESSENS H.V.AC.?
- NAESSENS H.V.AC. filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of NAESSENS H.V.AC. due?
- NAESSENS H.V.AC. must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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