Verwarming Bros
ActiveThe computed 12-month bankruptcy probability of Verwarming Bros is 2.1% (moderate). The 2025 annual accounts show equity of €49k and a net result of €15k. Equity is growing by ~34.7% per year across the filed fiscal years. Its solvency ranks better than 54% of 27358 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
85
/ 100
Excellent▼ -8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency80▼-11
Growth78=
Stability94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity tight (current ratio 1.32 against 1.65 in 2024), and 49% 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
51%
Return on assets
15.5%
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 · 4 filingsDeviation from the deadline
2025
31 d late
2024
1 d early
2023
8 d late
2022
25 d late
← 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€49k▼ 29.1%
2024 · €70k
2022: €11k
2023: €49k
2024: €70k
2022 → 2025
Total assets
€97k▼ 14.8%
2024 · €114k
2022: €17k
2023: €85k
2024: €114k
2022 → 2025
Net result
€15k▼ 29.0%
2024 · €21k
2022: €8k
2023: €38k
2024: €21k
2022 → 2025
Working capital
€15k▼ 48.1%
2024 · €29k
2022: €11k
2023: €45k
2024: €29k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€11k-€49k▲ 350%€70k▲ 43.5%€49k▼ 29.1%
Operating result€10k-€50k▲ 396%€33k▼ 34.1%€32k▼ 2.1%
Net result€8k-€38k▲ 384%€21k▼ 44.1%€15k▼ 29.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 2% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €97k
Fixed assets
€34k▼ 15.7%
Current assets
€62k▼ 14.4%
Equity and liabilities €97k
Equity
€49k▼ 29.1%
Debt
€47k▲ 7.7%
The debt ratio rises from 38.7% to 49.0%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€42k▲
2024 · €35k
Cash flow
€24k▲
2024 · €24k
Solvency
51.0%▼
2024 · 61.3%
Current ratio
1.32▼
2024 · 1.65
Quick ratio
1.32▼
2024 · 1.65
Debt / equity
0.96▲
2024 · 0.63
ROE
30.3%▲
2024 · 30.3%
ROA
15.5%▼
2024 · 18.6%
Interest coverage
5.04▼
2024 · 6.57
Debt
€47k▲
2024 · €44k
Debt ≤ 1 year
€47k▲
2024 · €44k
Income taxes
€9k▲
2024 · €7k
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€114k€97k▼
Fixed assets21/28€41k€34k▼
Tangible fixed assets22/27€40k€34k▼
Plant, machinery and equipment23€3k€4k▲
Furniture and vehicles24€38k€30k▼
Financial fixed assets28€400€400=
Current assets29/58€73k€62k▼
Amounts receivable within one year40/41€10k€2k▼
Trade receivables40€2k€2k▼
Other amounts receivable41€7k€2▼
Cash at bank and in hand54/58€63k€60k▼
Equity and liabilities
Total equity and liabilities10/49€114k€97k▼
Equity10/15€70k€49k▼
Contributions10/11€3k€3k=
Reserves13€67k€46k▼
Distributable reserves133€67k€46k▼
Amounts payable17/49€44k€47k▲
Amounts payable within one year42/48€44k€47k▲
Trade debts44€18k€28k▲
Suppliers440/4€18k€28k▲
Advances received on contracts in progress46€8k-
Taxes, remuneration and social security45€17k€18k▲
Taxes450/3€17k€18k▲
Other amounts payable47/48€2k€882▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€9k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€38k€43k▲
Operating profit (loss)9901€33k€32k▼
Financial income75/76B€2€3▲
Recurring financial income75€2€3▲
Financial charges65/66B€5k€8k▲
Recurring financial charges65€5k€8k▲
Profit (loss) for the period before taxes9903€28k€24k▼
Income taxes67/77€7k€9k▲
Profit (loss) for the period9904€21k€15k▼
Profit (loss) for the period to be appropriated9905€21k€15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€21k€15k▼
Transfer from equity791/2-€35k
Transfer to equity691/2€21k€15k▼
To other reserves6921€21k€15k▼
Profit to be distributed694/7-€35k
Return on contributions (dividend)694-€35k
The notes to these accounts (6 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
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 8 days late
2023
31-12
Financial
Highest result since 2022net €38k ▲384%
Operating result €50k, net result €38k, both a record.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Antwerpen · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
August Petenlei 102100 AntwerpenGround area
191 m²
Building footprint
83 m²
Volume, LiDAR
656 m³
Parcel 11346B0508/00V016, Flanders · tallest building 9.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Verwarming Bros
since 20212.319.464.592
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11346B0508/00V016 | Flanders | 191 m² | 1 · 83 m² | 9.4 m · 3 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 390 EUR awarded · 390 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 390 EUR | 390 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 6,989 companies in sector 43221 we hold annual accounts for 3,444. 2,941 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-06-2021
Fiscal year end31-12
Activities, NACEBEL
43221Plumbing work
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.