CHAUFFAGE VERZELEN
ActiveSummary
CHAUFFAGE VERZELEN has been active since 1973 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €462k and a net result of €7k. Equity is shrinking by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 93% of 7777 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
83
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70▲+2
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 5.53 against 10.56 in 2024; short-term debt: 12.8% and cash: 18.9% of total assets), and 12.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
87.2%
Return on assets
1.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
30 d early
2023
7 d early
2022
24 d early
2021
48 d early
2020
31 d late
2019
11 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€462k▼ 8.5%
2024 · €505k
2018: €783k
2019: €772k
2020: €804k
2021: €706k
2022: €554k
2023: €506k
2024: €505k
2018 → 2025
Total assets
€530k▼ 2.6%
2024 · €544k
2018: €911k
2019: €933k
2020: €848k
2021: €737k
2022: €632k
2023: €597k
2024: €544k
2018 → 2025
Net result
€7k
2024 · €-1k
2018: €76k
2019: €-10k
2020: €31k
2021: €-34k
2022: €-26k
2023: €-15k
2024: €-1k
2018 → 2025
Working capital
€306k▼ 17.4%
2024 · €371k
2018: €766k
2019: €675k
2020: €625k
2021: €518k
2022: €391k
2023: €367k
2024: €371k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€706k-€554k▼ 21.5%€506k▼ 8.6%€505k▼ 0.3%€462k▼ 8.5%
Operating result€-71k-€-50k▲ 30.3%€-26k▲ 47.6%€-13k▲ 48.1%€3k
Net result€-34k-€-26k▲ 23.7%€-15k▲ 43.7%€-1k▲ 90.6%€7k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €3k after a loss of €13k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €530k
Fixed assets
€156k ▲ 15.9%
Current assets
€374k ▼ 8.7%
Equity and liabilities €530k
Equity
€462k ▼ 8.5%
Debt
€68k ▲ 74.5%
Debt's share of the balance-sheet total rises from 7.1% to 12.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€47k▲
2024 · €43k
Cash flow
€52k▼
2024 · €55k
Current ratio
5.53▼
2024 · 10.56
Quick ratio
3.55▼
2024 · 7.19
Debt to equity
0.15▲
2024 · 0.08
ROE
1.5%▲
2024 · -0.3%
ROA
1.3%▲
2024 · -0.3%
Interest coverage
8.67▲
2024 · 8.29
Debt ≤ 1 year
€68k▲
2024 · €39k
Income taxes
€2k▲
2024 · €374
Staff costs
€571k▼
2024 · €588k
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 · 2025 against 2024 · 59 lines
Balance sheet
Code20242025
Assets
Total assets20/58€544k€530k▼
Fixed assets21/28€134k€156k▲
Tangible fixed assets22/27€134k€156k▲
Plant, machinery and equipment23€37k€33k▼
Furniture and vehicles24€71k€65k▼
Other tangible fixed assets26€27k€57k▲
Current assets29/58€410k€374k▼
Amounts receivable after more than one year29-€5k
Other amounts receivable291-€5k
Stocks and contracts in progress3€131k€134k▲
Stocks30/36€131k€134k▲
Amounts receivable within one year40/41€193k€121k▼
Trade receivables40€105k€69k▼
Other amounts receivable41€88k€52k▼
Cash at bank and in hand54/58€74k€100k▲
Deferred charges and accrued income490/1€13k€14k▲
Equity and liabilities
Total equity and liabilities10/49€544k€530k▼
Equity10/15€505k€462k▼
Contributions10/11€196k€196k=
Capital10€196k€196k=
Issued capital100€196k€196k=
Reserves13€245k€202k▼
Non-distributable reserves130/1€44k€44k=
Legal reserve130€44k€44k=
Tax-exempt reserves132€44k€44k=
Distributable reserves133€156k€113k▼
Profit (loss) carried forward14€64k€64k=
Amounts payable17/49€39k€68k▲
Amounts payable within one year42/48€39k€68k▲
Trade debts44€16k€38k▲
Suppliers440/4€16k€38k▲
Taxes, remuneration and social security45€23k€29k▲
Taxes450/3-€3k
Remuneration and social security454/9€23k€25k▲
Other amounts payable47/48€0€1k▲
Income statement
Code20242025
Non-recurring operating income76A€1k€1k▼
Remuneration, social security and pensions62€588k€571k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€56k€45k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€4k€12k▲
Non-recurring operating charges66A€7k€0▼
Gross operating margin9900€642k€630k▼
Operating profit (loss)9901€-13k€3k▲
Financial income75/76B€18k€12k▼
Recurring financial income75€18k€12k▼
Financial charges65/66B€5k€5k▲
Recurring financial charges65€5k€5k▲
Profit (loss) for the period before taxes9903€-1k€9k▲
Income taxes67/77€374€2k▲
Profit (loss) for the period9904€-1k€7k▲
Profit (loss) for the period to be appropriated9905€-1k€7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€64k€71k▲
Profit (loss) brought forward from the previous period14P€66k€64k▼
Transfer from equity791/2€0€50k▲
Transfer to equity691/2-€7k
To other reserves6921-€7k
Profit to be distributed694/7€0€50k▲
Return on contributions (dividend)694€0€50k▲
Social balance
Average headcount (FTE)90878.78.2▼
The notes to these accounts (23 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
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €7k
Net result €7k after 4 loss-making years.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity doublescurrent ratio 10.56
Current ratio from 5.07 to 10.56; short-term debt falls from €90k to €39k.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-34k ▼209%
Net result drops to €-34k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Back to profitnet €31k
Net result €31k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 15.36
Current ratio from 5.20 to 15.36; short-term debt falls from €161k to €44k.
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Wielsbeke · 1 establishment unit since 1973
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.
Heirweg 1758710 WielsbekeGround area
1,949 m²
Building footprint
1,704 m²
Volume, LiDAR
8,300 m³
Parcel 37014A0246/00B005, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
P.V.B.A. chauffage VERZELEN
since 19732.008.735.287
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37014A0246/00B005 | Flanders | 1,949 m² | 1 · 1,703 m² | 8.3 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
2022 to 2025 · 4 entries · 3,858 EUR awarded · 3,858 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,127 EUR | 2,190 EUR |
| 2024 | 1 | 821 EUR | 758 EUR |
| 2023 | 1 | 794 EUR | 794 EUR |
| 2022 | 1 | 116 EUR | 116 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
6 live approvalsBrandertechnicus gas/stookolie duaal (so)
Monteur sanitaire en verwarmingsinstallaties duaal (so)
Sanitaire en verwarmingsinstallaties duaal (so)
Technicus installatietechnieken (vwo)
Technicus installatietechnieken duaal (so)
Vakman installatietechnieken (vwo)
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Of 9,530 companies in sector 43222 we hold annual accounts for 5,662. 4,115 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 formPublic limited company
Founded10-05-1973
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:geert.verzelen@telenet.be
Phone:0474320478