CHAUFFAGE PINON
ActiveSummary
The computed 12-month bankruptcy probability of CHAUFFAGE PINON is 2.8% (moderate). The 2024 annual accounts show equity of €45k and a net result of €41k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 19% of 36375 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
52
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability89▲+73
Solvency42▲+15
Growth78▲+46
Track record94
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.04 against 0.82 in 2023; short-term debt: 69.1% and cash: 13.2% of total assets), and 82.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
17.3%
Return on assets
16.1%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 36375 sector peers (2024).
NBB · sector comparisonPosition among 36375 sector peers
Solvency
better than 19%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
21222324
2021 to 2024 · latest year €45k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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
not confirmed
2024
61 d late
2023
65 d late
2022
127 d late
2021
30 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€45k▲ 1,293%
2023 · €3k
2021: €31k
2022: €20k
2023: €3k
2021 → 2024
Total assets
€257k▲ 28.6%
2023 · €200k
2021: €200k
2022: €197k
2023: €200k
2021 → 2024
Net result
€41k
2023 · €-17k
2021: €21k
2022: €-10k
2023: €-17k
2021 → 2024
Working capital
€8k
2023 · €-28k
2021: €-4k
2022: €-9k
2023: €-28k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€31k-€20k▼ 33.8%€3k▼ 84.2%€45k▲ 1,293%
Operating result€26k-€-7k€-7k▼ 1.5%€58k
Net result€21k-€-10k€-17k▼ 64.9%€41k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €58k after a loss of €7k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €257k
Fixed assets
€72k ▼ 7.1%
Current assets
€185k ▲ 51.0%
Equity and liabilities €257k
Equity
€45k ▲ 1,293%
Debt
€212k ▲ 8.0%
Debt's share of the balance-sheet total falls from 98.4% to 82.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€73k▲
2023 · €11k
Cash flow
€56k▲
2023 · €301
Current ratio
1.04▲
2023 · 0.82
Quick ratio
0.97▲
2023 · 0.72
Debt to equity
4.77▼
2023 · 61.53
ROE
92.8%▲
2023 · -532.4%
ROA
16.1%▲
2023 · -8.5%
Interest coverage
8.81▲
2023 · 0.99
Debt ≤ 1 year
€178k▲
2023 · €150k
Debt > 1 year
€27k▼
2023 · €41k
Income taxes
€9k▲
2023 · €10
Staff costs
€147k▲
2023 · €135k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 52 lines
Balance sheet
Code20232024
Assets
Total assets20/58€200k€257k▲
Fixed assets21/28€77k€72k▼
Intangible fixed assets21€46k€41k▼
Tangible fixed assets22/27€31k€30k▼
Furniture and vehicles24€31k€30k▼
Financial fixed assets28€871€871=
Current assets29/58€123k€185k▲
Stocks and contracts in progress3€15k€13k▼
Stocks30/36€15k€13k▼
Amounts receivable within one year40/41€81k€108k▲
Trade receivables40€73k€88k▲
Other amounts receivable41€8k€20k▲
Cash at bank and in hand54/58€24k€34k▲
Deferred charges and accrued income490/1€3k€31k▲
Equity and liabilities
Total equity and liabilities10/49€200k€257k▲
Equity10/15€3k€45k▲
Contributions10/11€10k€10k=
Reserves13-€35k
Distributable reserves133-€35k
Profit (loss) carried forward14€-7k€50▲
Amounts payable17/49€197k€212k▲
Amounts payable after more than one year17€41k€27k▼
Financial debts170/4€41k€27k▼
Amounts payable within one year42/48€150k€178k▲
Current portion of amounts payable after more than one year42€13k€22k▲
Trade debts44€86k€56k▼
Suppliers440/4€86k€56k▼
Taxes, remuneration and social security45€7k€64k▲
Taxes450/3€389€55k▲
Remuneration and social security454/9€6k€9k▲
Other amounts payable47/48€44k€35k▼
Accrued charges and deferred income492/3€5k€8k▲
Income statement
Code20232024
Non-recurring operating income76A-€807
Remuneration, social security and pensions62€135k€147k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€15k▼
Other operating charges640/8€1k€1k▲
Non-recurring operating charges66A-€30
Gross operating margin9900€146k€221k▲
Operating profit (loss)9901€-7k€58k▲
Financial income75/76B€374€413▲
Recurring financial income75€374€413▲
Financial charges65/66B€11k€8k▼
Recurring financial charges65€11k€8k▼
Profit (loss) for the period before taxes9903€-17k€50k▲
Income taxes67/77€10€9k▲
Profit (loss) for the period9904€-17k€41k▲
Profit (loss) for the period to be appropriated9905€-17k€41k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-17k€35k▲
Profit (loss) brought forward from the previous period14P€222€-7k▼
Transfer from equity791/2€10k-
Transfer to equity691/2-€35k
To other reserves6921-€35k
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Back to profitnet €41k
Net result €41k after 2 loss-making years.
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 65 days late
2023
31-12
Financial
Weakest financial yearnet €-17k
Net result drops to €-17k, the lowest in the series; recovery starts the following year.
05-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 127 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
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, Courcelles · 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.
Rue Francisco Ferrer(GY) 396181 CourcellesGround area
2,109 m²
Building footprint
93 m²
Volume, LiDAR
768 m³
Parcel 52031B0274/00Y000, Wallonia · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
CHAUFFAGE PINON
since 20212.320.256.826
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52031B0274/00Y000 | Wallonia | 2,109 m² | 1 · 93 m² | 10.2 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.
Similar companies · same sector, comparable size
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BE 1011.258.850
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Enyxtherm
BE 0693.805.762
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GUEUR CHAUFFAGE
BE 0780.767.153
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GAIONI
BE 0791.808.327
Bassenge · Eq €44,473
CR Sanitair en Verwarming
BE 0820.639.596
Tielt-Winge · Eq €44,445
Of 9,530 companies in sector 43222 we hold annual accounts for 5,662. 4,428 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-07-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43240Other construction installation
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.