SP Heating
ActiveThe computed 12-month bankruptcy probability of SP Heating is 1.7% (moderate). The 2025 annual accounts show equity of €142k and a net result of €13k. Equity is growing by ~17.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 26942 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
94
/ 100
Excellent▲ +26 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability45▲+43
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 15.3 against 5.12 in 2024), and 6.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
93.7%
Return on assets
8.5%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
31 d late
2024
7 d late
2023
33 d early
2022
4 d early
2021
33 d early
2020
32 d early
← 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
08-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€142k▲ 10.0%
2024 · €129k
2020: €46k
2021: €74k
2022: €89k
2023: €129k
2024: €129k
2020 → 2025
Total assets
€152k▼ 5.5%
2024 · €161k
2020: €52k
2021: €81k
2022: €107k
2023: €147k
2024: €161k
2020 → 2025
Net result
€13k▲ 2,027%
2024 · €606
2020: €40k
2021: €28k
2022: €15k
2023: €40k
2024: €606
2020 → 2025
Working capital
€135k▲ 4.5%
2024 · €129k
2020: €45k
2021: €73k
2022: €89k
2023: €128k
2024: €129k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€74k-€89k▲ 20.2%€129k▲ 44.4%€129k▲ 0.5%€142k▲ 10.0%
Operating result€43k-€26k▼ 39.6%€62k▲ 142%€6k▼ 90.1%€22k▲ 257%
Net result€28k-€15k▼ 46.4%€40k▲ 164%€606▼ 98.5%€13k▲ 2,027%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 257% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €152k
Fixed assets
€7k
Current assets
€144k
Equity and liabilities €152k
Equity
€142k▲ 10.0%
Debt
€10k▼ 69.3%
The debt ratio falls from 19.5% to 6.3%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€24k▲
2024 · €6k
Cash flow
€15k▲
2024 · €713
Solvency
93.7%▲
2024 · 80.5%
Current ratio
15.30▲
2024 · 5.12
Quick ratio
14.34▲
2024 · 4.75
Debt / equity
0.07▼
2024 · 0.24
ROE
9.1%▲
2024 · 0.5%
ROA
8.5%▲
2024 · 0.4%
Interest coverage
4.86▲
2024 · 1.14
Debt
€10k▼
2024 · €31k
Debt ≤ 1 year
€9k▼
2024 · €31k
Income taxes
€5k▲
2024 · €659
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€161k€152k▼
Fixed assets21/28-€7k
Tangible fixed assets22/27-€5k
Furniture and vehicles24-€5k
Financial fixed assets28-€2k
Current assets29/58€161k€144k▼
Stocks and contracts in progress3€11k€9k▼
Stocks30/36€11k€9k▼
Amounts receivable within one year40/41€30k€23k▼
Trade receivables40€18k€3k▼
Other amounts receivable41€12k€19k▲
Cash at bank and in hand54/58€114k€107k▼
Deferred charges and accrued income490/1€4k€6k▲
Equity and liabilities
Total equity and liabilities10/49€161k€152k▼
Equity10/15€129k€142k▲
Contributions10/11€6k€6k=
Reserves13€123k€136k▲
Distributable reserves133€123k€136k▲
Amounts payable17/49€31k€10k▼
Amounts payable within one year42/48€31k€9k▼
Trade debts44€20k€5k▼
Suppliers440/4€20k€5k▼
Taxes, remuneration and social security45€9k-
Taxes450/3€9k-
Other amounts payable47/48€3k€4k▲
Accrued charges and deferred income492/3-€184
Income statement
Code20242025
Remuneration, social security and pensions62€934-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€107€2k▲
Other operating charges640/8€565€2k▲
Gross operating margin9900€8k€26k▲
Operating profit (loss)9901€6k€22k▲
Financial income75/76B€607€915▲
Recurring financial income75€607€915▲
Financial charges65/66B€5k€5k▼
Recurring financial charges65€5k€5k▼
Profit (loss) for the period before taxes9903€1k€18k▲
Income taxes67/77€659€5k▲
Profit (loss) for the period9904€606€13k▲
Profit (loss) for the period to be appropriated9905€606€13k▲
Appropriation of the result
Profit (loss) to be appropriated9906€606€13k▲
Transfer to equity691/2€606€13k▲
To the legal reserve6920-€13k
To other reserves6921€606-
The notes to these accounts (7 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Liquidity triplescurrent ratio 15.30
Current ratio from 5.12 to 15.30; short-term debt falls from €31k to €9k.
07-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 7 days late
2024
31-12
Financial
Weakest financial yearnet €606 ▼98.5%
Net result drops to €606, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100kEq €129k ▲44.4%
4 profitable years in a row build equity to €129k.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
1 act for this company is 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, Heusden-Zolder · 1 establishment unit since 2019
Ground area
1,527 m²
Building footprint
186 m²
Volume, LiDAR
766 m³
Parcel 71025A1941/00R000, Flanders · tallest building 7.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
SP Heating
since 20192.295.131.945
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71025A1941/00R000 | Flanders | 1,527 m² | 1 · 186 m² | 7.4 m · 1 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.
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Of 9,468 companies in sector 43222 we hold annual accounts for 5,620. 4,870 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-10-2019
Fiscal year end31-12
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
33110Repair and maintenance of fabricated metal products
43221Plumbing work
46842Wholesale trade
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 08-09-2026. Scores and ratios are computed by Checked and are not a credit decision.