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Viessmann-Belgium

Active
Private limited companyfounded 1964active for 62 yearsHermesstraat 14, 1930 Zaventem, BelgiumKBO/BCE: BE 0402.475.962
Summary

Viessmann-Belgium has been active since 1964 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €22.7m and a net result of €4.5m. Equity is growing by about 9.1% per year across the filed financial years. Its solvency ranks better than 63% of 6,068 sector peers (NACE 46, financial year 2024). The computed 12-month bankruptcy probability is 0.7% (low).

Overview

Activity
Wholesale trade
NACE 46842
7th largest employer in Zaventem, Wholesale and retail trade sector4 sites
Size
€119.4mturnover 2024
Staff
178.6 FTE
Equity
€22.7m
Profit
€4.5m
Financial health
56 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
0.7%
Structure
Parent
Carrier Global Corporation
Accounts 79 days overdue2 of 8 deeds read
Why 56raises riskCapped at 59: a confirmed filing findingFigures for financial year 2024 (filed 10-04-2026)1 financial year not filed after the legal deadline; latest accounts 244 days late; 2 of the last 3 latelowers riskFounded in 1964Size: turnover €119.4m, 178.6 FTE, total assets €42.4mShow the evidence

Checked score

Score 2024
56 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 62% of its sector peers (NACE 46, medium-sized)
A confirmed filing finding caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2023
Strong
Solvency 78+6
equity 53.4% of total assets
Liquidity 42+11
short-term debt 42.1% · cash 9.7%
Profitability 72+3
return on assets 10.5%
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (745 companies, NACE 46, medium-sized)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025lowest value 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.4%▲ +0.2 percentage points vs 07-2025 09-2025: 0.5%▲ +0.1 percentage points vs 08-2025 10-2025: 0.8%▲ +0.3 percentage points vs 09-2025 11-2025: 0.8%● unchanged vs 10-2025 12-2025: 1.1%▲ +0.3 percentage points vs 11-2025 01-2026: 2.2%▲ +1.1 percentage points vs 12-2025highest value 02-2026: 2.2%● unchanged vs 01-2026highest value 03-2026: 2.2%● unchanged vs 02-2026highest value 04-2026: 2.0%▼ -0.2 percentage points vs 03-2026 05-2026: 0.2%▼ -1.8 percentage points vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.3%▲ +0.1 percentage points vs 06-2026 08-2026: 0.4%▲ +0.1 percentage points vs 07-2026 09-2026: 0.5%▲ +0.1 percentage points vs 08-2026 10-2026: 0.7%▲ +0.2 percentage points vs 09-2026
Credit of up to €1,250,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity ample (current ratio 2.2, compared with 1.74 in 2023, above the usual 1.5; short-term debt: 42.1% and cash: 9.7% of total assets), and 46.6% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 46, medium-sized): better than 66% on solvency, 59% on liquidity, 77% on profitability and 46% on growth.

The bankruptcy probability was computed on 18-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises risk
raises risk · Figures for financial year 2024 (filed 10-04-2026)
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 244 days late; 2 of the last 3 late
NBB · filings
lowers risk · Founded in 1964
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Size: turnover €119.4m, 178.6 FTE, total assets €42.4m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 79 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline18-10-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-04-2026, 244 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
244 days late
2023
75 days late
2022
25 days early
2021
6 days early
2020
29 days early
2019
2 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 43 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · full…
  2. Resignation: Leroy Christophe (sole director)Appointments: Matthias van Ardenne (director)…
  3. Highest result from 2018 to 2024net €4.5m ▲11.9%

Key points

  • Positive: Among the best 6% on net resultsector median €93,918 · 6,079 companies €4.5m View
  • Caution: Accounts not fileddeadline was 31-07-2026 79 days late View
  • Controlled by Carrier Global Corporation parent View
  • Positive: 7 profitable years in a rowprofit 2024: €4.5m 7 years View
  • Active since 1964founded 07-07-1964 62 years View

By topic

Financials

Financial year
2024
Turnover
€119.4m
Profit
€4.5m
Solvency
53.4%
Turnover▼ 21.5%
Net result
20182024
Go to Financials

Timeline

Events
51
Since
1978
  1. 14-10-2024Annual accounts filed
  2. 01-10-2024Appointment: PwC Bedrijfsrevisoren (statutory auditor)
  3. 06-07-2023Annual accounts filed
Go to Timeline

Company details

Sites
4
Legal form
Private limited company
Activity
Wholesale tradeNACE 46842
Founded
07-07-1964
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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