Active BE 0449.453.062Private limited company

SCHIETTEKAT

Stuivenberg 42 ·9570 Lierde, Belgium· 33 yrs active

Sector: Installation of electric heating, air conditioning, cooling and ventilation (43222)

Conclusion Checked

SCHIETTEKAT has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €215k and a net result of €33k. Equity is shrinking by ~11.1% per year across the filed fiscal years. Its solvency ranks better than 74% of 26547 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€215k
Net result	€33k
Staff (FTE)	2
Better than sector	74%

Financial profile 5 of 5 axes measured · computed by Checked

87 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 100

Profitability 77

Solvency 100

Growth 58

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.8% Low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 1993, 33 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

100 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€22k

estimate, not credit advice

Score history

46 2022

57 2023

52 2024

100 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 3.41 (≥ 1.5) +10

Quick ratio Quick ratio 1.82 (≥ 1.0) +5

Leverage Debt/equity 0.43 (< 1.0) +10

Profitability ROE 15% (≥ 10%) +10

Interest coverage Interest coverage 19.1× (≥ 3×) +8

Profit trend Net profit up YoY +5

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview33 NBB filings

Annual accounts filed on 18-08-2026 with the NBB · fiscal year 2025 · micro schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Net result: growth of ~20.5%/year over 4 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 43, Specialised construction activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	70.0%	47.4%	better than 74% of 26547 sector peers
Net result	€33k	€10k	better than 78% of 26539 sector peers
Equity	€215k	€60k	better than 85% of 26557 sector peers
Gross operating margin	€167k	€39k	better than 87% of 26517 sector peers
Staff costs	€102k	€40k	higher than 78% of 10249 sector peers

EBITDA

€55k

- 22-25

Net profit

€33k

- 22-25

Cash flow

€52k

- 22-25

Total assets

€308k

+3.5% 22-25

Equity

€215k

+18.3% 22-25

Working capital

€206k

+26.0% 22-25

Employees (FTE)

2

0.0% 22-25

Staff costs

€102k

-7.6% 22-25

Income taxes

€284

+103.6% 22-25

Debt

€92k

-19.9% 22-25

Debt ≤ 1y

€85k

-14.4% 22-25

Debt > 1y

€3k

-82.0% 22-25

Current ratio

3.41

+29.3% 22-25

Quick ratio

1.82

+58.2% 22-25

Solvency

70.0%

+14.3% 22-25

Debt / equity

0.43

-32.3% 22-25

ROE

15.5%

- 22-25

ROA

10.8%

- 22-25

Interest coverage

19.14

- 22-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022
Deposit	micro schema	micro schema	micro schema	micro schema
Revenue	-	-	-	-
EBITDA	€55k	€-67k	€85k	€83k
Net profit	€33k	€-106k	€21k	€16k
Cash flow	€52k	€-86k	€65k	€62k
Staff costs	€102k	€111k	€78k	€75k
Income taxes	€284	€140	€7k	€4k
Dividends	-	-	-	-
Total assets	€308k	€297k	€823k	€859k
Equity	€215k	€182k	€288k	€267k
Debt	€92k	€115k	€535k	€592k
of which ≤ 1y	€85k	€100k	€290k	€295k
of which > 1y	€3k	€14k	€241k	€296k
Working capital	€206k	€163k	€-36k	€-44k
Employees (FTE)	2.0	2.0	2.0	2.0

Ratios (computed)

	2025	2024	2023	2022
Current ratio	3.41	2.64	0.88	0.85
Quick ratio	1.82	1.15	0.45	0.40
Working capital ratio	66.9%	55.0%	-4.3%	-5.2%
Solvency	70.0%	61.3%	35.0%	31.1%
Debt / equity	0.43	0.63	1.86	2.22
Long-term debt ratio	0.01	0.08	0.84	1.11
Interest coverage	19.14	-3.61	6.22	5.11
Gross margin	-	-	-	-
Net margin	-	-	-	-
ROA	10.8%	-35.7%	2.6%	1.8%
ROE	15.5%	-58.3%	7.3%	5.9%
EBITDA margin	-	-	-	-
Days sales outstanding	-	-	-	-
Days payable outstanding	-	-	-	-
Inventory turnover	-	-	-	-
Days inventory (DSI)	-	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €16k · 5.3% Current assets €291k · 94.7%

Equity & liabilities

Equity €215k · 70.0% Debt €92k · 30.0%

Full annual accounts (25 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€308k	€297k	€823k	€859k
Fixed assets	21/28	€16k	€34k	€569k	€608k
Tangible fixed assets	22/27	€16k	€33k	€568k	€607k
Financial fixed assets	28	€880	€880	€880	€880
Current assets	29/58	€291k	€263k	€254k	€250k
Stocks & contracts in progress	3	€135k	€148k	€123k	€133k
Amounts receivable within one year	40/41	€130k	€100k	€89k	€91k
Cash & bank	54/58	€0	€8k	€24k	€6k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€308k	€297k	€823k	€859k
Equity	10/15	€215k	€182k	€288k	€267k
Contributions / capital	10/11	€6k	€6k	€6k	€6k
Reserves	13	€61k	€61k	€61k	€61k
Accumulated profits (losses)	14	€148k	€115k	€221k	€200k
Amounts payable	17/49	€92k	€115k	€535k	€592k
Amounts payable after one year	17	€3k	€14k	€241k	€296k
Amounts payable within one year	42/48	€85k	€100k	€290k	€295k
Trade debts payable within one year	44	€33k	€56k	€57k	€94k
Income statement
Gross operating margin	9900	€167k	€571k	€172k	€172k
Operating result	9901	€36k	€-88k	€41k	€36k
Financial income	75	€24	€147	€65	€15
Financial charges	65	€3k	€19k	€14k	€16k
Result before taxes	9903	€34k	€-106k	€28k	€20k
Income taxes	67/77	€284	€140	€7k	€4k
Net result for the period	9904	€33k	€-106k	€21k	€16k
Result to be appropriated	9905	€33k	€-106k	€21k	€16k

Directors & mandates 4 directors

Directors derived from a single State Gazette act, under verification

All 3 current directors first appear in the same act (23436039). Founders or capital subscribers may have been counted as directors here; the real board composition is being verified.

Current directors & mandates

de heer SCHIETTEKAT Geert
Director
State Gazette act 23436039 (24-11-2023)

Current
24-11-2023 → present
de heer SCHIETTEKAT Jens Geert
Director
State Gazette act 23436039 (24-11-2023)

Current
24-11-2023 → present
de heer SCHIETTEKAT Jeroen
Director
State Gazette act 23436039 (24-11-2023)

Current
24-11-2023 → present

Former directors (1)

de heer SCHIETTEKAT
Director
State Gazette act 23436039 (24-11-2023)

Former
- → 24-11-2023

Legal Structure

NACE primary	Installation of electric heating, air conditioning, cooling and ventilation(43222)
Legal form	Private limited company(610)
Incorporation	16-02-1993
Status	Active
Postal code	9570

Establishment units 2 locations

SCHIETTEKAT BVBA

Stuivenberg 34, 9570 LierdeNACE 4522002

since 19932.061.279.296

Schiettekat

Vandendriesschestraat 13, 9620 ZottegemRepair, maintenance and installation of machinery and equipment

since 20182.274.465.403

Real-estate footprint Source: CBE × cadastre

Flanders 3 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
41035A0229/00Y000	Flanders	2,275 m²	1 · 901 m²	8.7 m · 2 fl.
45050A0742/00E000	Flanders	980 m²	1 · 198 m²	9.9 m · 1 fl.
45050A0410/00D000	Flanders	179 m²	1 · 144 m²	7.3 m · 2 fl.

Methodology

via registered seat: 1 · via establishment units: 2

3 of 3 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

All 15Financial 4Gazette 1Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

18-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 18 days late

2025

31-12

Financial Back to profitnet €33k

Net result €33k after one loss-making year.

31-12

Financial Equity above €200kEq €215k ▲18.3%

Equity rises from €182k to €215k.

09-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 9 days late

2024

31-12

Financial Weakest financial yearnet €-106k ▼602%

Net result drops to €-106k, the lowest in the series; recovery starts the following year.

31-12

Financial Liquidity triplescurrent ratio 2.64

Current ratio from 0.88 to 2.64; short-term debt falls from €290k to €100k.

23-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 23 days late

2023

24-11

State Gazette act Director changes

Mickaël VELTMANS

25-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

26-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 26 days late

2021

25-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 25 days late

2020

31-08

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 31 days late

2019

26-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 26 days late

2018

30-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 30 days late

2017

16-08

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 16 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 4 acts read

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 2 years ago

2023

24-11-2023 3 directors appointed, 1 resigning Director changes·Mickaël VELTMANS

de heer SCHIETTEKAT Geert, Bestuurder
de heer SCHIETTEKAT Jeroen, Bestuurder
de heer SCHIETTEKAT Jens Geert, Bestuurder
de heer SCHIETTEKAT, Bestuurder

Notary: Mickaël VELTMANS · Lierde

Original publication ↗

Technical details

{
  "events": [
    {
      "kind": "board_snapshot",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "SCHIETTEKAT Geert",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": "statutair",
      "compensated": false,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "indefinite",
        "value": null
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "board_snapshot",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "SCHIETTEKAT Jeroen",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": "statutair",
      "compensated": false,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "indefinite",
        "value": null
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "board_snapshot",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "SCHIETTEKAT Jens Geert",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": "statutair",
      "compensated": false,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "indefinite",
        "value": null
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "de heer SCHIETTEKAT",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": "de_plein_droit_dissolution",
      "subkind": null,
      "via_org": null,
      "statutory": "statutair",
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "De algemene vergadering besluit de huidige zaakvoerder, hierna vermeld, ontslag te geven uit zijn functie en gaat onmiddellijk over tot zijn herbenoeming als niet-statutair bestuurders voor een onbepaalde duur:",
      "decharge_status": "pending_next_agm",
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "de heer SCHIETTEKAT Geert",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": "niet_statutair",
      "compensated": false,
      "effective_date": null,
      "evidence_quote": "De algemene vergadering besluit de huidige zaakvoerder, hierna vermeld, ontslag te geven uit zijn functie en gaat onmiddellijk over tot zijn herbenoeming als niet-statutair bestuurders voor een onbepaalde duur:",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "indefinite",
        "value": null
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "de heer SCHIETTEKAT Jeroen",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": "niet_statutair",
      "compensated": false,
      "effective_date": null,
      "evidence_quote": "De algemene vergadering besluit de huidige zaakvoerder, hierna vermeld, ontslag te geven uit zijn functie en gaat onmiddellijk over tot zijn herbenoeming als niet-statutair bestuurders voor een onbepaalde duur:",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "indefinite",
        "value": null
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "de heer SCHIETTEKAT Jens Geert",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": "niet_statutair",
      "compensated": false,
      "effective_date": null,
      "evidence_quote": "De algemene vergadering besluit de huidige zaakvoerder, hierna vermeld, ontslag te geven uit zijn functie en gaat onmiddellijk over tot zijn herbenoeming als niet-statutair bestuurders voor een onbepaalde duur:",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "indefinite",
        "value": null
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    },
    {
      "kind": "decharge_granted",
      "role": "bestuurder",
      "person": null,
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "De algemene vergadering zal op de volgende jaarvergadering beslissen over de kwijting aan de ontslagnemende zaakvoerder voor de uitoefening van zijn mandaat.",
      "decharge_status": "granted",
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "substantive_delegation",
      "role": "bestuurder",
      "person": null,
      "reason": null,
      "subkind": null,
      "via_org": {
        "kbo": null,
        "name": "Robert De Nul Boekhoudkantoor CommV",
        "address": "9550 Herzele, Perrestraat 76",
        "country": "BE",
        "legal_form": null
      },
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "Volmacht wordt in het bijzonder gegeven aan Robert De Nul Boekhoudkantoor CommV, 9550 Herzele, Perrestraat 76, evenals aan de bedienden, aangestelden of lasthebbers, met macht om afzonderlijk te handelen en met macht van indeplaatsstelling, om alle verrichtingen te doen, alle verklaringen af te legg",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    }
  ],
  "notary": {
    "name": "Micka\u00EBl VELTMANS",
    "firm_city": null,
    "firm_name": null,
    "office_city": "Lierde",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2023-11-24",
    "filing_date": "2023-11-22",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "algemene_vergadering",
      "date": "2023-11-06",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0449.453.062",
    "name_full": "SCHIETTEKAT",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Micka\u00EBl VELTMANS",
    "org_rep_person_name": null,
    "person_role_at_subject": "notaris"
  },
  "co_filed_documents": [
    "uitgifte van de akte"
  ],
  "corrected_publication_numac": null
}

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Installation of electric heating, air conditioning, cooling and ventilation43222General electrical installation work43211Plumbing work432214531045332

Names & trade names

Legal nameNL

SCHIETTEKAT

Similar companies Comparable size · 5,531 of 9,517 companies in this sector with filed accounts

PIETER VERWORST BE 0729.671.216 · Putte

JANS JAN BE 0473.614.079 · Bilzen-Hoeselt

Ecowatt - Vandenbroecke BE 0456.297.896 · Vilvoorde

DE SPIEGELEER JEAN-PAUL BE 0449.809.091 · Zottegem

BART'S KOELTECHNIEK BE 0761.678.048 · Ledegem