VANNOX HEATING

Active

Private limited company (pre-2019)founded 199531 yrs activeRue Joseph Van Brusselt(GER) 22, 6280 Gerpinnes, BelgiumKBO/BCE: BE 0454.507.554

Summary

VANNOX HEATING has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €57,298 and a net result of €928. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 18% of 28281 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Risk analysis Watch Report Compare

VANNOX HEATINGActiveChecked score 52/100

Risk analysis Report Compare

Checked score

Score 2025

52 / 100

Fair

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability69▲+20

Solvency40=

Growth78=

Track record100

Bankruptcy probability, 12 months

0.7% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €2,500 at 30 days only on tighter terms

Liquidity tight (current ratio 1.08 against 1.14 in 2024; short-term debt: 73.5% and cash: 1.2% of total assets), and 85.1% of the assets are financed with debt.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+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

Specialised construction activities (NACE 43)

about 85% more bankruptcies

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 28281 sector peers (2025).

NBB · sector comparison

Position among 28281 sector peers

Solvency

better than 18%

← weakest strongest →

Filed more than 90 days late

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 16-07-2026, 166 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 10 filings

Deviation from the deadline

2025

166 d late

2024

142 d late

2023

21 d late

2022

129 d late

2021

14 d late

2020

1 d late

2019

16 d early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 65 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 9 June (4 of the last 5 filed years within 108 days of that day).

Companies Code · seven months

Position in the running window

30-06-2026 close29-09-2026 today31-01-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

History

VANNOX HEATING was incorporated on 21 February 1995.¹ Total assets rose from EUR 222,288 in 2019 to EUR 385,249 in 2025 and headcount from 1.9 full-time equivalents in 2019 to 1.8 in 2023.²

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark

Is this your company? See how customers and banks see it.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, micro schema

In the rankings #10 company by total assets in Gerpinnes, Construction sector

Equity

€57,298▲ 1.6%

2024 · €56,369

Total assets

€385,249▲ 2.9%

2024 · €374,270

Net result

€928

2024 · -€2,060

Working capital

€22,912▼ 46.2%

2024 · €42,569

Trend over the years

Chart Table

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before

favourable unfavourable

Line20212022202320242025

Operating result€8,717▲ 98.0%€4,882▼ 44.0%€8,190▲ 67.8%€5,573▼ 32.0%€10,502▲ 88.4%

Net result€2,931▲ 171%€413▼ 85.9%€1,501▲ 264%-€2,060€928

Equity€56,516▲ 5.5%€56,928▲ 0.7%€58,429▲ 2.6%€56,369▼ 3.5%€57,298▲ 1.6%

Total assets€252,790▲ 9.7%€303,406▲ 20.0%€237,287▼ 21.8%€374,270▲ 57.7%€385,249▲ 2.9%

Debt€196,274▲ 11.0%€246,478▲ 25.6%€178,857▼ 27.4%€317,901▲ 77.7%€327,951▲ 3.2%

Working capital€58,254▼ 19.0%€47,689▼ 18.1%€46,226▼ 3.1%€42,569▼ 7.9%€22,912▼ 46.2%

Solvency22.4%▼ 0.9pp18.8%▼ 3.6pp24.6%▲ 5.9pp15.1%▼ 9.6pp14.9%▼ 0.2pp

Current ratio1.54▼ 0.211.29▼ 0.251.35▲ 0.061.14▼ 0.211.08▼ 0.06

Return on assets (ROA)1.2%▲ 0.7pp0.1%▼ 1.0pp0.6%▲ 0.5pp-0.6%▼ 1.2pp0.2%▲ 0.8pp

Staff (FTE)2▼ 13.0%1.8▼ 10.0%1.8=

above within below the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.

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 88% above 2024 and is the highest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €385,249

20.5%

79.5%

Fixed assets €79,129 ▲ 113%

Current assets €306,120 ▼ 9.2%

Equity and liabilities €385,249

14.9%

85.1%

Equity €57,298 ▲ 1.6%

Debt €327,951 ▲ 3.2%

Debt's share of the balance-sheet total rises from 84.9% to 85.1%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€34,353▲

2024 · €27,225

Cash flow

€24,779▲

2024 · €19,592

Quick ratio

0.97▼

2024 · 1.03

Debt to equity

5.72▲

2024 · 5.64

ROE

1.6%▲

2024 · -3.7%

Interest coverage

8.11▲

2024 · 3.67

Debt ≤ 1 year

€283,208▼

2024 · €294,521

Debt > 1 year

€44,216▲

2024 · €22,761

Income taxes

€5,337▲

2024 · €4,551

Staff costs

€129,304▼

2024 · €130,554

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,984 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.

Micro
20 years or older
solvency 10 to 30%
a profit under 5% of the balance sheet

1.1% went bankrupt

2.3% stopped otherwise

97% still going

For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%	1.0%
6	1.3%	1.5%
7	1.6%	1.8%
8	1.8%	1.9%
9	3.0%	3.1%
10	5.6%	6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 3,984 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines

Balance sheet Code20242025

Assets

Total assets20/58€374,270€385,249▲

Fixed assets21/28€37,180€79,129▲

Tangible fixed assets22/27€37,180€79,129▲

Plant, machinery and equipment23€1,307€552▼

Furniture and vehicles24€35,873€78,577▲

Current assets29/58€337,090€306,120▼

Stocks and contracts in progress3€34,832€31,405▼

Stocks30/36€34,832€31,405▼

Amounts receivable within one year40/41€281,623€260,264▼

Trade receivables40€197,362€177,136▼

Other amounts receivable41€84,261€83,127▼

Cash at bank and in hand54/58€4,390€4,743▲

Deferred charges and accrued income490/1€16,246€9,709▼

Equity and liabilities

Total equity and liabilities10/49€374,270€385,249▲

Equity10/15€56,369€57,298▲

Contributions10/11€9,304€9,304=

Reserves13€1,860€1,860=

Non-distributable reserves130/1€1,860€1,860=

Reserves not available under the articles1311€1,860€1,860=

Profit (loss) carried forward14€45,205€46,134▲

Amounts payable17/49€317,901€327,951▲

Amounts payable after more than one year17€22,761€44,216▲

Financial debts170/4€22,761€44,216▲

Amounts payable within one year42/48€294,521€283,208▼

Current portion of amounts payable after more than one year42€24,446€26,075▲

Financial debts43€2,186€11,355▲

Credit institutions430/8€2,186€11,355▲

Trade debts44€232,982€192,096▼

Suppliers440/4€232,982€192,096▼

Taxes, remuneration and social security45€34,907€53,683▲

Taxes450/3€14,506€33,361▲

Remuneration and social security454/9€20,401€20,322▼

Accrued charges and deferred income492/3€618€527▼

Income statement Code20242025

Remuneration, social security and pensions62€130,554€129,304▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21,652€23,851▲

Other operating charges640/8€14,310€1,945▼

Gross operating margin9900€172,089€165,602▼

Operating profit (loss)9901€5,573€10,502▲

Financial income75/76B€4,337€0▼

Recurring financial income75€4,337€0▼

Financial charges65/66B€7,419€4,237▼

Recurring financial charges65€7,419€4,237▼

Profit (loss) for the period before taxes9903€2,491€6,265▲

Income taxes67/77€4,551€5,337▲

Profit (loss) for the period9904-€2,060€928▲

Profit (loss) for the period to be appropriated9905-€2,060€928▲

Appropriation of the result

Profit (loss) to be appropriated9906€45,205€46,134▲

Profit (loss) brought forward from the previous period14P€47,265€45,205▼

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2021	2022	2023	2024	2025	Change
Remuneration, social security and pensions62	-	€107,725	€90,903	€130,554	€129,304	▼ 1.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€19,687	€27,675	€32,566	€21,652	€23,851	▲ 10.2%
Other operating charges640/8	-	€38,066	€1,590	€14,310	€1,945	▼ 86.4%
Gross operating margin9900	€140,887	€178,348	€133,249	€172,089	€165,602	▼ 3.8%
Operating profit (loss)9901	€8,717	€4,882	€8,190	€5,573	€10,502	▲ 88.4%
Financial income75/76B	-	€668	-	€4,337	€0	▼ 100.0%
Recurring financial income75	€37	€668	-	€4,337	€0	▼ 100.0%
Financial charges65/66B	-	€2,869	€4,368	€7,419	€4,237	▼ 42.9%
Recurring financial charges65	€4,988	€2,869	€4,368	€7,419	€4,237	▼ 42.9%
Profit (loss) for the period before taxes9903	€3,766	€2,681	€3,823	€2,491	€6,265	▲ 151%
Income taxes67/77	€836	€2,268	€2,322	€4,551	€5,337	▲ 17.3%
Profit (loss) for the period9904	€2,931	€413	€1,501	-€2,060	€928	▲ 145%
Profit (loss) for the period to be appropriated9905	€2,931	€413	€1,501	-€2,060	€928	▲ 145%

Line	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€252,790	€303,406	€237,287	€374,270	€385,249	▲ 2.9%
Fixed assets21/28	€85,995	€91,515	€59,410	€37,180	€79,129	▲ 113%
Tangible fixed assets22/27	€85,995	€91,515	€59,410	€37,180	€79,129	▲ 113%
Plant, machinery and equipment23	-	€2,398	€2,083	€1,307	€552	▼ 57.8%
Furniture and vehicles24	-	€89,118	€57,327	€35,873	€78,577	▲ 119%
Current assets29/58	€166,794	€211,891	€177,876	€337,090	€306,120	▼ 9.2%
Stocks and contracts in progress3	-	-	-	€34,832	€31,405	▼ 9.8%
Stocks30/36	-	-	-	€34,832	€31,405	▼ 9.8%
Amounts receivable within one year40/41	€153,904	€199,209	€150,277	€281,623	€260,264	▼ 7.6%
Trade receivables40	-	€122,195	€85,106	€197,362	€177,136	▼ 10.2%
Other amounts receivable41	-	€77,014	€65,171	€84,261	€83,127	▼ 1.3%
Cash at bank and in hand54/58	€5,780	€10,468	€11,277	€4,390	€4,743	▲ 8.0%
Deferred charges and accrued income490/1	-	€2,214	€16,322	€16,246	€9,709	▼ 40.2%
Equity and liabilities
Total equity and liabilities10/49	€252,790	€303,406	€237,287	€374,270	€385,249	▲ 2.9%
Equity10/15	€56,516	€56,928	€58,429	€56,369	€57,298	▲ 1.6%
Contributions10/11	€9,304	€9,304	€9,304	€9,304	€9,304	=
Capital10	-	€9,304	-	-	-	-
Issued capital100	-	€18,600	-	-	-	-
Uncalled capital101	-	€9,296	-	-	-	-
Outside capital11	-	-	€9,304	-	-	-
Other1109/19	-	-	€9,304	-	-	-
Reserves13	€1,860	€1,860	€1,860	€1,860	€1,860	=
Non-distributable reserves130/1	-	€1,860	€1,860	€1,860	€1,860	=
Legal reserve130	-	€1,860	-	-	-	-
Reserves not available under the articles1311	-	-	€1,860	€1,860	€1,860	=
Profit (loss) carried forward14	€45,352	€45,764	€47,265	€45,205	€46,134	▲ 2.1%
Amounts payable17/49	€196,274	€246,478	€178,857	€317,901	€327,951	▲ 3.2%
Amounts payable after more than one year17	€87,733	€74,230	€47,207	€22,761	€44,216	▲ 94.3%
Financial debts170/4	-	€74,230	€47,207	€22,761	€44,216	▲ 94.3%
Amounts payable within one year42/48	€108,541	€164,202	€131,650	€294,521	€283,208	▼ 3.8%
Current portion of amounts payable after more than one year42	-	€35,571	€27,023	€24,446	€26,075	▲ 6.7%
Financial debts43	-	-	-	€2,186	€11,355	▲ 419%
Credit institutions430/8	-	-	-	€2,186	€11,355	▲ 419%
Trade debts44	€45,664	€88,648	€79,291	€232,982	€192,096	▼ 17.5%
Suppliers440/4	-	€88,648	€79,291	€232,982	€192,096	▼ 17.5%
Taxes, remuneration and social security45	-	€39,983	€25,336	€34,907	€53,683	▲ 53.8%
Taxes450/3	-	€27,235	€12,889	€14,506	€33,361	▲ 130%
Remuneration and social security454/9	-	€12,748	€12,448	€20,401	€20,322	▼ 0.4%
Accrued charges and deferred income492/3	-	€8,045	-	€618	€527	▼ 14.8%

Line	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€2,931	€413	€1,501	-€2,060	€928	▲ 145%
+ Depreciation and write-downs630	€19,687	€27,675	€32,566	€21,652	€23,851	▲ 10.2%
Operating cash flow (approximation)	€22,618	€28,088	€34,067	€19,592	€24,779	▲ 26.5%
Investment in fixed assets (approximation)	-	-€33,195	-€461	€578	-€65,800	▼ 11,475%
Change in cash	-	€4,687	€809	-€6,887	€353	▲ 105%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

All 13Financial 3Filings 10

Next filing, fiscal year 2026, expected by 31-01-2027

2026

16-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 166 days late

2025

30-06

Financial Back to profitnet €928

Net result €928 after one loss-making year.

22-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 142 days late

2024

21-02

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 21 days late

2023

09-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 129 days late

2022

14-02

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 14 days late

2021

30-06

Financial Highest result since 2019net €2,931 ▲171%

Net result €2,931, the highest in the series.

01-02

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 1 day late

2020

30-06

Financial Back to profitnet €1,082

Net result €1,082 after one loss-making year.

15-01

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

30-01

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

17-01

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

01-02

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 1 day late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

Location & real-estate footprint

Registered office, Gerpinnes · 1 establishment unit since 1995

seat establishment The establishment unit on the map

Ground area

2,230 m²

Building footprint

255 m²

Volume, LiDAR

1,303 m³

2 parcels, Wallonia · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

Rue Praile(NAL) 147, 6120 Ham-sur-Heure-Nalinnes

NACE 4525012

since 19952.070.615.250

2 parcels

Wallonia 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
56058C0894/00G000	Wallonia	1,198 m²	1 · 170 m²	6.2 m · 2 fl.
52025B0619/00F000	Wallonia	1,032 m²	1 · 86 m²	8.2 m · 2 fl.

Linked by address, not proof of ownership

Good to know

2 of 2 parcels with an exact address match; the rest are indicative.

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

Similar companies · same sector, comparable size

ETABLISSEMENTS OLIVIER DE BODT

BE 0436.919.276

Morlanwelz · Eq €57,279

BILTEREYST

BE 0436.687.664

Sint-Gillis (bij-Brussel) · Eq €57,205

Zaventem · Eq €57,430

MDR Technieken

BE 1011.511.545

Willebroek · Eq €57,437

Of 7,044 companies in sector 43221 we hold annual accounts for 3,477. 3,003 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification

Legal formPrivate limited company (pre-2019)

Founded21-02-1995

Fiscal year end30-06

Activities, NACEBEL 2025

43221Plumbing work

43222Installation of electric heating, air conditioning, cooling and ventilation

E-invoicing

Reachable via Peppol

Peppol ID 0208:0454507554

Also 9925:BE0454507554

Registered 15-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Scores and ratios are computed by Checked and are not a credit decision.