Result
-€121,472 -€121,472
From profit to loss in 2025, after a profit of €80,620 in 2024.
HEAT SWITCH
Lifetime
15 annual accounts with figures on one time axispeak €508,552 (2024)
€224,781▼ 55.8%
lowest -€121,472 (2025)
-€121,472▼ €202,091
peak €329,030 (2024)
€207,559▼ 36.9%
€356,765▲ 22.2%
peak 7.4 FTE (2023)
4.6 FTE▼ 27.0%
Board1 name since 2021
1 directorECO HEATING
Owners
100%ECO HEATING
Documentsfilings and deeds
08-07-202623 days before the deadline
2025abbreviated format
Gross margin from €508,552 to €224,781Loss of €121,472Staff from 6.3 FTE to 4.6 FTECompany renamed from VAN NESTE to HEAT SWITCH 09-09Equity from €329,030 to €207,559Debts from €291,878 to €356,765
Key points
from the 2025 annual accountsTurnover
≈ €1.3m estimated
The abbreviated format states no turnover.
Debts
€356,765 ▲ 22.2%
Debts rose by €64,887 in 2025.
Staff
4.6 FTE from 7.4 in 2023
Between 2023 and 2025, 38% of the full-time equivalents disappeared.
Filings
15 annual accounts since 2011
Three of the last ten came late. The 2022 accounts came latest: 31 days after the end of the period.
Position in the sector
-€121,472
Lower net result than 95% of companies in retail trade. Sector median €27,487 · 12,827 companies.
Checked score
69
Healthy
Financially stronger than 36% of micro companies in retail trade (NACE 47)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,280 companies (NACE 47, micro).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.9%highest value
01-2025: 0.9%● unchanged vs 12-2024
02-2025: 0.9%● unchanged vs 01-2025
03-2025: 0.9%● unchanged vs 02-2025
04-2025: 0.9%● unchanged vs 03-2025
05-2025: 0.9%● unchanged vs 04-2025
06-2025: 0.9%● unchanged vs 05-2025
07-2025: 0.3%▼ -0.6 percentage points vs 06-2025
08-2025: 0.3%● unchanged vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.2%▼ -0.1 percentage points vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026lowest value
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.7%▲ +0.5 percentage points vs 07-2026
09-2026: 0.7%● unchanged vs 08-2026
10-2026: 0.7%● unchanged vs 09-2026
11-2026: 0.7%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Loss of €121,472 (financial year 2025)
Sector: Retail trade (NACE 47)
lowers risk
Liquidity: current ratio 1.68, cash €190,028
Figures for financial year 2025 (filed on 08-07-2026)
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 47, micro). It does better than 52% of them on solvency, 72% on liquidity, 6% on profitability and 14% on growth.
The bankruptcy probability was computed on 06-11-2026 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 low class on 30-06-2025, 0.8% 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, 4,805 companies had the same profile as HEAT SWITCH has now. Each dot stands for 13 companies, two years later.
88.1%
were still trading
9.8%
stopped another way
2.0%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of HEAT SWITCH itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,447 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 4,805 companies, not a prediction for HEAT SWITCH. 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 €14,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.68 (2.19 in 2024), above the usual 1.5. Short-term debt is 52.5% and cash 33.7% of total assets. However, 63.2% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 days early
2024
42 days early
2023
23 days early
2022
31 days late
2021
2 days late
2020
30 days late
2019
21 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 7 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% 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 9 July (3 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- ECO HEATING 100%score 85equity €2.2m (2025) · 2025 annual accounts of ECO HEATING
Recent changes
Company renamed from VAN NESTE to HEAT SWITCH
“Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit; Het…” (deed in Dutch) · General meeting of 21-08-2025 · Gazette deed
Change of role: ECO HEATING, from manager to director
Permanent representative: DE SUTTER Danny · Registered office clause: Brusselsesteenweg 58-60, 9090 Melle · General meeting of 09-12-2021 · Gazette deed
Incorporation
published on 28-06-2010 · Gazette deed
First establishment
Bruggesteenweg 263, Hooglede
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| HEAT SWITCH Melle | €564,323 | €224,781 | 36.8% | 4.6 |
| BOUTET ARLON Arlon | €607,869 | €220,111 | 10.5% | 4.1 |
| AMELIM Wetteren | €884,518 | €291,190 | 26.7% | 4 |
| BEAUTENIC Nazareth-De Pinte | €692,542 | €370,254 | 30.5% | 5.6 |
| ELECTRO TEPPERS Bocholt | €675,667 | €332,502 | 77.7% | 3.2 |
| SOMERS ELECTRO VISUAL Dilbeek | €557,704 | €411,940 | 30.0% | 4.7 |
| ELECTRO VANDEPUT Tienen | €820,025 | €246,303 | 61.3% | 5.8 |
These companies have the same main activity as HEAT SWITCH: retail sale of electrical household appliances (NACE 47540). They are comparable in size and age: total assets between €558,000 and €885,000, founded between 2007 and 2013.
Official details
Source: KBO- Status
- Active since 17-06-2010Normal situation
- Activity
- Retail sale of electrical household appliancesNACE 47540and 1 other
- Joint committees
- 124Construction
- 200Auxiliary committee for white-collar workers · annual accounts 2023
- Establishment unit
- 2.189.529.1348830 Hooglede, since 14-06-2010
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €564,323▼ 9.1%
- Employeeson 31-12-2025
- 5▲ 25.0%
- Filing
- Filed on 08-07-2026, 23 days before the end of the filing period
Insights on HEAT SWITCH
HEAT SWITCH files the abbreviated format. That format states no turnover. The gross margin rose from €41,695 in 2011 to €224,781 in 2025.
The balance sheet grew most from 2012 to 2013 through fixed assets, financed with long-term debt.
ECO HEATING holds all the shares.
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 HEAT SWITCH
- What is the company number of HEAT SWITCH?
- The company number of HEAT SWITCH is 0826.717.439. The VAT number is the same number with BE in front: BE 0826.717.439.
- Where is HEAT SWITCH based?
- The registered office is at Brusselsesteenweg 58-60, 9090 Melle.Company details
- What does HEAT SWITCH do?
- According to the KBO register, the main activity is retail sale of electrical household appliances (NACE 47540).
- What is the legal form of HEAT SWITCH?
- HEAT SWITCH is a private limited company (BV).
- When was HEAT SWITCH founded?
- HEAT SWITCH was founded on 17-06-2010.
- Is HEAT SWITCH still active?
- Yes, HEAT SWITCH is an active enterprise in the KBO register.
- How many employees does HEAT SWITCH have?
- HEAT SWITCH had an average of 4.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does HEAT SWITCH fall under?
- In its 2023 annual accounts, HEAT SWITCH states joint committees 124 (Construction) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of HEAT SWITCH?
- The turnover in financial year 2025 is ≈ €1.3m. This figure is estimated from the gross margin of €224,781 and 34 comparable companies (NACE 475). It probably lies between €980,000 and €1.9m.
- Is HEAT SWITCH profitable?
- In financial year 2025, HEAT SWITCH made a loss of €121,472.
- Where can I find the annual accounts of HEAT SWITCH?
- HEAT SWITCH filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of HEAT SWITCH due?
- HEAT SWITCH must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.