Equity
€274,325 ▼ 14.7%
T&T HEATING SOLUTIONS paid out €61,724 in dividends. That is 432% of the 2025 profit.
T&T HEATING SOLUTIONS
Lifetime
15 annual accounts with figures on one time axispeak €507,559 (2024)
€386,233▼ 23.9%
lowest -€8,469 (2014)
€14,295▼ 80.5%
peak €321,754 (2024)
€274,325▼ 14.7%
€561,215▲ 2.0%
peak 5.1 FTE (2024)
4.2 FTE▼ 17.6%
Board1 name since 2021
1 directorTOPS Christophe
Documentsfilings and deeds
25-08-202625 days late
2025abbreviated format
Gross margin from €507,559 to €386,233Result from €73,489 to €14,295Staff from 5.1 FTE to 4.2 FTEDividend €61,724Equity from €321,754 to €274,325Investments €154,298
Key points
from the 2025 annual accountsResult
€14,295 ▼ 80.5%
The result fell in 2025 from €73,489 to €14,295.
Turnover
≈ €990,000 estimated
The accounts state no turnover.
Investments
€154,298 2.4 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 30.4% higher than in 2024.
Staff
4 employees on 31-12-2025
In 2025, nobody joined and 1 person left.
Filings
15 annual accounts since 2011
Six of the last ten came late. The 2017 accounts came latest: 30 days after the end of the period.
Checked score
81
Excellent
Financially stronger than 37% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.4%▲ +0.1 percentage points vs 05-2025
07-2025: 0.6%▲ +0.2 percentage points vs 06-2025
08-2025: 0.2%▼ -0.4 percentage points vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025lowest value
01-2026: 0.2%● unchanged vs 12-2025lowest value
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.3%▲ +0.1 percentage points vs 06-2026
08-2026: 0.7%▲ +0.4 percentage points vs 07-2026highest value
09-2026: 0.4%▼ -0.3 percentage points vs 08-2026
10-2026: 0.4%● unchanged vs 09-2026
11-2026: 0.4%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Sector: Specialised construction activities (NACE 43)
Liquidity: current ratio 2.38, cash €53,996, halved
lowers risk
Founded in 2010
Figures for financial year 2025 (filed on 28-08-2026)
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, micro). It does better than 35% of them on solvency, 53% on liquidity, 40% on profitability and 21% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 10,904 companies had the same profile as T&T HEATING SOLUTIONS has now. Each dot stands for 28 companies, two years later.
95.1%
were still trading
4.0%
stopped another way
0.7%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of T&T HEATING SOLUTIONS itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 10,904 companies, not a prediction for T&T HEATING SOLUTIONS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €22,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.38 (1.97 in 2024), above the usual 1.5. Short-term debt is 12.2% and cash 6.4% of total assets. However, 67.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
25 days late
2024
29 days early
2023
12 days early
2022
67 days early
2021
33 days early
2020
30 days late
2019
28 days late
← 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 8 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 2 July (4 of the last 5 accounts filed within 38 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0829094632
Change of role: TOPS Christophe, from manager to director
Legal-form conversion: to private limited company · Director discharge: TOPS Christophe · General meeting of 13-12-2022 · Gazette deed
First establishment
Ten Poele 42, Middelkerke
Incorporation
published on 17-09-2010 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| T&T HEATING SOLUTIONS Middelkerke | €0.8m | €386,233 | 32.8% | 4.2 |
| Elvebo Energietechniek Wingene | €0.8m | €426,514 | 55.3% | 4.2 |
| REMELS Herk-de-Stad | €0.9m | €343,076 | 12.4% | 3.9 |
| RALPH WOUTERS Raeren | €1.0m | €330,789 | 32.4% | 4 |
| KORVENT Kortrijk | €0.7m | €332,996 | 86.5% | 4 |
| DEFRANCQ DIMITRI Kortemark | €1.2m | €447,743 | 3.8% | 4 |
| CLIMAVENT Bruges | €1.1m | €471,524 | 18.3% | 3.8 |
These companies have the same main activity as T&T HEATING SOLUTIONS: installation of electric heating, air conditioning, cooling and ventilation (NACE 43222). They are comparable in size and age: total assets between €708,000 and €1.2m, founded between 2007 and 2010.
Official details
Source: KBO- Status
- Active since 08-09-2010Normal situation
- Activity
- Installation of electric heating, air conditioning, cooling and ventilationNACE 43222and 2 others
- Joint committees
- 200Auxiliary committee for white-collar workers
- 124Construction · annual accounts 2025
- Establishment unit
- 2.191.491.4058430 Middelkerke, since 10-09-2010
- Financial year end
- 31 December
- Peppol
- Reachable since 01-09-2025
Annual accounts 2025
- €837,311▼ 4.2%
- Employeeson 31-12-2025
- 4▼ 20.0%
- Filing
- Filed on 25-08-2026
Insights on T&T HEATING SOLUTIONS
T&T HEATING SOLUTIONS files the abbreviated format. That format states no turnover. The gross margin rose from €65,324 in 2011 to €386,233 in 2025.
The balance sheet grew most from 2015 to 2017 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about T&T HEATING SOLUTIONS
- What is the company number of T&T HEATING SOLUTIONS?
- The company number of T&T HEATING SOLUTIONS is 0829.094.632. The VAT number is the same number with BE in front: BE 0829.094.632.
- Where is T&T HEATING SOLUTIONS based?
- The registered office is at Ten Poele 42, 8430 Middelkerke.Company details
- What does T&T HEATING SOLUTIONS 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 T&T HEATING SOLUTIONS?
- T&T HEATING SOLUTIONS is a private limited company (BV).
- When was T&T HEATING SOLUTIONS founded?
- T&T HEATING SOLUTIONS was founded on 08-09-2010.
- Is T&T HEATING SOLUTIONS still active?
- Yes, T&T HEATING SOLUTIONS is an active enterprise in the KBO register.
- How many employees does T&T HEATING SOLUTIONS have?
- T&T HEATING SOLUTIONS had an average of 4.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does T&T HEATING SOLUTIONS fall under?
- In its 2025 annual accounts, T&T HEATING SOLUTIONS states joint committees 200 (Auxiliary committee for white-collar workers) and 124 (Construction).
- What is the turnover of T&T HEATING SOLUTIONS?
- The turnover in financial year 2025 is ≈ €990,000. This figure is estimated from the gross margin of €386,233 and 46 comparable companies (NACE 432). It probably lies between €840,000 and €1.3m.
- Is T&T HEATING SOLUTIONS profitable?
- In financial year 2025, T&T HEATING SOLUTIONS made a profit of €14,295.
- Where can I find the annual accounts of T&T HEATING SOLUTIONS?
- T&T HEATING SOLUTIONS filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of T&T HEATING SOLUTIONS due?
- T&T HEATING SOLUTIONS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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