WARMTENWATER
ActiveWARMTENWATER has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €89k and a net result of €32k. Equity is growing by ~13% per year across the filed fiscal years. Its solvency ranks better than 61% of 27619 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability94▲+36
Solvency82▲+11
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 2.16 against 1.7 in 2024; short-term debt: 43.2% and cash: 19.1% of total assets), and 43.3% 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 · 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 · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
56.7%
Return on assets
20.5%
Age of the figures
9 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 29-08-2026, 29 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 · 10 filingsDeviation from the deadline
2025
29 d late
2024
26 d late
2023
12 d late
2022
24 d late
2021
30 d late
2020
11 d late
2019
2 d early
← 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€89k▲ 10.1%
2024 · €80k
2018: €30k
2019: €42k
2020: €56k
2021: €60k
2022: €62k
2023: €75k
2024: €80k
2018 → 2025
Total assets
€156k▼ 10.8%
2024 · €175k
2018: €58k
2019: €80k
2020: €69k
2021: €80k
2022: €102k
2023: €172k
2024: €175k
2018 → 2025
Net result
€32k▲ 524%
2024 · €5k
2018: €19k
2019: €20k
2020: €14k
2021: €4k
2022: €1k
2023: €14k
2024: €5k
2018 → 2025
Working capital
€78k▲ 18.6%
2024 · €66k
2018: €18k
2019: €34k
2020: €49k
2021: €51k
2022: €45k
2023: €56k
2024: €66k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€60k-€62k▲ 2.4%€75k▲ 22.3%€80k▲ 6.8%€89k▲ 10.1%
Operating result€14k-€9k▼ 40.1%€28k▲ 229%€4k▼ 85.7%€38k▲ 846%
Net result€4k-€1k▼ 63.3%€14k▲ 843%€5k▼ 62.7%€32k▲ 524%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 846% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €156k
Fixed assets
€10k▼ 29.4%
Current assets
€146k▼ 9.1%
Equity and liabilities €156k
Equity
€89k▲ 10.1%
Debt
€67k▼ 28.6%
The debt ratio falls from 54.0% to 43.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€45k▲
2024 · €10k
Cash flow
€39k▲
2024 · €11k
Solvency
56.7%▲
2024 · 46.0%
Current ratio
2.16▲
2024 · 1.70
Quick ratio
2.16▲
2024 · 1.70
Debt / equity
0.76▼
2024 · 1.17
ROE
36.1%▲
2024 · 6.4%
ROA
20.5%▲
2024 · 2.9%
Interest coverage
63.47▲
2024 · 4.24
Debt
€67k▼
2024 · €94k
Debt ≤ 1 year
€67k▼
2024 · €94k
Income taxes
€9k▲
2024 · €2k
Staff costs
€53k▲
2024 · €49k
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€175k€156k▼
Fixed assets21/28€14k€10k▼
Tangible fixed assets22/27€14k€10k▼
Land and buildings22€4k€2k▼
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€7k€5k▼
Current assets29/58€160k€146k▼
Amounts receivable within one year40/41€102k€92k▼
Trade receivables40€94k€87k▼
Other amounts receivable41€8k€5k▼
Current investments50/53€20k€20k=
Cash at bank and in hand54/58€38k€30k▼
Deferred charges and accrued income490/1€1k€4k▲
Equity and liabilities
Total equity and liabilities10/49€175k€156k▼
Equity10/15€80k€89k▲
Contributions10/11€12k€12k=
Reserves13€68k€76k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€66k€74k▲
Amounts payable17/49€94k€67k▼
Amounts payable within one year42/48€94k€67k▼
Trade debts44€78k€43k▼
Suppliers440/4€78k€43k▼
Taxes, remuneration and social security45€16k€14k▼
Taxes450/3€12k€14k▲
Remuneration and social security454/9€4k€241▼
Other amounts payable47/48€702€11k▲
Accrued charges and deferred income492/3€101€64▼
Income statement
Code20242025
Remuneration, social security and pensions62€49k€53k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€7k▲
Other operating charges640/8€957€900▼
Gross operating margin9900€60k€98k▲
Operating profit (loss)9901€4k€38k▲
Financial income75/76B€6k€3k▼
Recurring financial income75€6k€3k▼
Financial charges65/66B€2k€708▼
Recurring financial charges65€2k€708▼
Profit (loss) for the period before taxes9903€7k€41k▲
Income taxes67/77€2k€9k▲
Profit (loss) for the period9904€5k€32k▲
Profit (loss) for the period to be appropriated9905€5k€32k▲
Appropriation of the result
Profit (loss) to be appropriated9906€5k€32k▲
Transfer from equity791/2-€24k
Transfer to equity691/2€5k€32k▲
To other reserves6921€5k€32k▲
Profit to be distributed694/7-€24k
Return on contributions (dividend)694-€24k
The notes to these accounts (5 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
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
31-12
Financial
Highest result since 2018net €32k ▲524%
Operating result €38k, net result €32k, both a record.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
12-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 12 days late
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
31-12
Financial
Weakest financial yearnet €1k ▼63.3%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 11 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 4.67
Current ratio from 1.90 to 4.67; short-term debt falls from €38k to €13k.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 22 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are 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, Evergem · 1 establishment unit since 2010
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.
Venhoute 199940 EvergemGround area
444 m²
Building footprint
99 m²
Volume, LiDAR
603 m³
Parcel 44302D0681/00K000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Warmtenwater
since 20102.195.408.225
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44302D0681/00K000 | Flanders | 444 m² | 1 · 99 m² | 8.4 m · 2 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
2023 to 2024 · 2 entries · 1,667 EUR awarded · 1,667 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 429 EUR | 1,667 EUR |
| 2023 | 1 | 1,238 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
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Of 9,530 companies in sector 43222 we hold annual accounts for 5,661. 4,882 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-07-2010
Fiscal year end31-12
Activities, NACEBEL
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43211General electrical installation work
43990Other specialised construction activities
43995Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:info@warmtenwater.be
Phone:0473 68 00 43
Phone:09 375 62 80