PELLETKACHELS VANHEES
ActiveThe computed 12-month bankruptcy probability of PELLETKACHELS VANHEES is 1.9% (moderate). The 2025 annual accounts show negative equity (€-9k) and a net result of €-19k. Equity is shrinking by ~13.1% per year across the filed fiscal years. Its solvency ranks better than 5% of 27407 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
7
/ 100
Critical▼ -57 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+79
Solvency36▼-38
Growth32▼-20
Stability100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.61 against 1.52 in 2024), and equity is negative.
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-52.2%
Return on assets
-113.2%
Age of the figures
11 mo
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 · 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
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€9k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-03-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
26 d early
2023
33 d early
2022
3 d early
2021
31 d early
2020
29 d early
2019
27 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-9k
2024 · €10k
2018: €10k
2019: €16k
2020: €15k
2021: €7k
2022: €9k
2023: €10k
2024: €10k
2018 → 2025
Total assets
€17k▼ 33.3%
2024 · €26k
2018: €31k
2019: €33k
2020: €37k
2021: €38k
2022: €28k
2023: €23k
2024: €26k
2018 → 2025
Net result
€-19k
2024 · €443
2018: €2k
2019: €6k
2020: €-1k
2021: €-8k
2022: €3k
2023: €592
2024: €443
2018 → 2025
Working capital
€-10k
2024 · €8k
2018: €3k
2019: €14k
2020: €13k
2021: €4k
2022: €5k
2023: €8k
2024: €8k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€7k-€9k▲ 39.3%€10k▲ 6.3%€10k▲ 4.4%€-9k
Operating result€-8k-€3k€2k▼ 47.7%€2k▼ 12.8%€-18k
Net result€-8k-€3k€592▼ 77.6%€443▼ 25.1%€-19k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €18k after €2k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €17k
Fixed assets
€1k▼ 53.5%
Current assets
€16k▼ 31.2%
Key figures and ratios
EBITDA
€-16k▼
2024 · €3k
Cash flow
€-18k▼
2024 · €2k
Solvency
-52.2%▼
2024 · 40.7%
Current ratio
0.61▼
2024 · 1.52
Quick ratio
0.17▼
2024 · 0.36
Debt / equity
-2.91▼
2024 · 1.46
ROE
216.8%▲
2024 · 4.3%
ROA
-113.2%▼
2024 · 1.7%
Interest coverage
-9.57▼
2024 · 2.63
Debt
€26k▲
2024 · €15k
Debt ≤ 1 year
€26k▲
2024 · €15k
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€26k€17k▼
Fixed assets21/28€2k€1k▼
Tangible fixed assets22/27€2k€1k▼
Plant, machinery and equipment23€2k€835▼
Furniture and vehicles24€962€321▼
Current assets29/58€23k€16k▼
Stocks and contracts in progress3€18k€11k▼
Stocks30/36€18k€11k▼
Amounts receivable within one year40/41€5k€2k▼
Trade receivables40€5k€2k▼
Other amounts receivable41-€767
Cash at bank and in hand54/58-€2k
Deferred charges and accrued income490/1€269€98▼
Equity and liabilities
Total equity and liabilities10/49€26k€17k▼
Equity10/15€10k€-9k▼
Contributions10/11€19k€19k=
Reserves13€4k€4k=
Distributable reserves133€4k€4k=
Profit (loss) carried forward14€-12k€-32k▼
Amounts payable17/49€15k€26k▲
Amounts payable within one year42/48€15k€26k▲
Financial debts43€6k-
Credit institutions430/8€6k-
Trade debts44€6k€14k▲
Suppliers440/4€6k€14k▲
Taxes, remuneration and social security45€423€10k▲
Taxes450/3€423€10k▲
Other amounts payable47/48€2k€2k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▼
Other operating charges640/8€552€1k▲
Gross operating margin9900€3k€-15k▼
Operating profit (loss)9901€2k€-18k▼
Financial income75/76B-€7
Recurring financial income75-€7
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€443€-19k▼
Profit (loss) for the period9904€443€-19k▼
Profit (loss) for the period to be appropriated9905€443€-19k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-12k€-32k▼
Profit (loss) brought forward from the previous period14P€-13k€-12k▲
The notes to these accounts (4 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
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €-19k ▼4462%
Net result drops to €-19k, the lowest in the series.
04-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €3k
Net result €3k after 2 loss-making years.
30-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
01-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
03-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Highest result since 2018net €6k ▲188%
Operating result €8k, net result €6k, both a record.
30-09
Financial
Liquidity doublescurrent ratio 2.83
Current ratio from 1.13 to 2.83; short-term debt falls from €21k to €8k.
26-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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, Westerlo · 1 establishment unit since 2014
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.
Boerenkrijglaan 42260 WesterloGround area
797 m²
Building footprint
147 m²
Volume, LiDAR
708 m³
Parcel 13049B0078/00V002, Flanders · tallest building 9.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
PELLETKACHELS VANHEES
since 20142.236.350.638
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13049B0078/00V002indicative | Flanders | 797 m² | 1 · 147 m² | 9.7 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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GROUPE E2SERS
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Of 9,475 companies in sector 43222 we hold annual accounts for 5,625. 2,581 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-09-2014
Fiscal year end30-09
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43291Specialised construction activities
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
71121Engineering and related technical consultancy, excluding land surveyors
74909Other professional, scientific and technical activities
74999Other professional, scientific and technical activities
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.