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HEATCO

Active
Private limited companyfounded 2015active for 10 yearsStationsstraat 216, 3110 Rotselaar, BelgiumKBO/BCE: BE 0644.385.648
Summary

HEATCO has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €267,468. Equity has been growing by about 18% per year since 2018. Its solvency ranks better than 47% of 9,848 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Overview

Official details

Source: KBO
Status
Active since 10-12-2015 Normal situation
Registered office
22 active companies are registered at this address 1 started in the 12 months before. Source: KBO register, as of 3 November 2026.
Activity
Wholesale trade NACE 46842and 4 others
Joint committees
124 Paritair Comité voor het bouwbedrijf
149.01 Paritair Subcomité voor de elektriciens: installatie en distributie
200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2024
Establishment unit
2.248.812.663 3110 Rotselaar, since 01-01-2016
Financial year end
31 December
Peppol
Reachable since 01-12-2025

Board and ownership

Board
  • Lopa ManagementDirector
Shareholders
  • BULOPA· score 972025 annual accounts of BULOPA

Financial position

86 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.3%
Annual accounts 2025
Gross margin
€4.1m
▲ 5.1%
Turnover
≈ €17.0m
estimated
Profit
€267,468
▼ 22.6%
Equity
€1.1m
=
Total assets
€2.8m
▲ 3.5%
Employees on 31-12-2025
61
▲ 15.1%
Score breakdownraises riskSize: 55.8 FTE, total assets €2.8mlowers riskFigures for financial year 2025 (filed on 28-02-2026)Profit of €267,468 (financial year 2025)Founded in 2015Show the evidence

Checked score

Score 2025
86 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 50% of medium-sized companies in wholesale trade (NACE 46)
Financial strength · tick: 2024
Average
Solvency 65-1
equity 39.8% of total assets
Liquidity 27+4
short-term debt 60.2% · cash 6.8%
Profitability 81+12
return on assets 9.7%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (748 companies, NACE 46, medium-sized)
Last 24 months 12-2024: 0.5% 01-2025: 0.5%● unchanged vs 12-2024 02-2025: 0.5%● unchanged vs 01-2025 03-2025: 0.6%▲ +0.1 percentage points vs 02-2025 04-2025: 0.7%▲ +0.1 percentage points vs 03-2025highest value 05-2025: 0.7%● unchanged vs 04-2025 06-2025: 0.4%▼ -0.3 percentage points vs 05-2025 07-2025: 0.4%● unchanged vs 06-2025 08-2025: 0.4%● unchanged vs 07-2025 09-2025: 0.4%● unchanged vs 08-2025 10-2025: 0.4%● unchanged vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.4%● unchanged vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.3%▼ -0.1 percentage points vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.3%● unchanged vs 07-2026 09-2026: 0.3%● unchanged vs 08-2026 10-2026: 0.3%● unchanged vs 09-2026lowest value 11-2026: 0.3%● unchanged vs 10-2026lowest value
Credit of up to €90,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.62 (1.65 in 2024), above the usual 1.5. Short-term debt is 60.2% and cash 6.8% of total assets. However, 60.2% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 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). It does better than 49% of them on solvency, 30% on liquidity, 89% on profitability and 31% on growth.

The bankruptcy probability was computed on 02-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Figures for financial year 2025 (filed on 28-02-2026)
NBB · annual accounts
lowers risk · Profit of €267,468 (financial year 2025)
NBB · annual accounts
raises risk · Size: 55.8 FTE, total assets €2.8m
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Founded in 2015
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
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 26-02-2026, 155 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
155 days early
2024
88 days early
2023
124 days early
2022
68 days early
2021
79 days early
2020
73 days early
2019
95 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 97 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 4 May (4 of the last 5 accounts filed within 35 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Higher net result than 86% of companies in wholesale tradesector median €26,853 · 9,827 companies €267,468 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Positive: 8 profitable years in a rowprofit 2025: €267,468 8 years View

Recent changes

  1. · Gazette deed Reappointment: Lopa Management (director)
  2. · Gazette deed Incorporation
All 15 events

Comparable companies

These companies have the same main activity as HEATCO: wholesale trade (NACE 46842). They are comparable in size and age: total assets between €1.9m and €5.7m, founded between 2001 and 2015.

CompanyTotal assetsGross margin
HEATCO Rotselaar€2.8m€4.1m
QUOOKER BELGIUM Malle€5.0m€3.8m
BELGIAN FLUID SYSTEM TECHNOLOGIES Dilbeek€4.4m€2.9m
KINETICO BELGIUM Herk-de-Stad€4.9m-
ITHO DAALDEROP BELGIUM Asse€5.7m-
ANDREWS SYKES Asse€2.4m€2.1m
QUANTUM HEATING Lokeren€1.9m€1.2m
Full comparison

Key facts about HEATCO

What is the company number of HEATCO?
The company number of HEATCO is 0644.385.648. The VAT number is the same number with BE in front: BE 0644.385.648.
Where is HEATCO based?
The registered office is at Stationsstraat 216, 3110 Rotselaar.Company details
What does HEATCO do?
According to the KBO register, the main activity is wholesale trade (NACE 46842).
What is the legal form of HEATCO?
The legal form of HEATCO is Private limited company (BV).
When was HEATCO founded?
HEATCO was founded on 10-12-2015.
Is HEATCO still active?
Yes, HEATCO is an active enterprise in the KBO register.
How many employees does HEATCO have?
HEATCO had an average of 55.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does HEATCO fall under?
In its 2024 annual accounts, HEATCO states joint committees 124 (Paritair Comité voor het bouwbedrijf), 149.01 (Paritair Subcomité voor de elektriciens: installatie en distributie) and 200 (Aanvullend Paritair Comité voor de bedienden).
What is the turnover of HEATCO?
The turnover in financial year 2025 is ≈ €17.0m. This figure is estimated from the gross margin of €4.1m and 98 comparable companies (NACE 46). It probably lies between €10.0m and €29.0m. In financial year 2024 turnover was €10.8m.
Is HEATCO profitable?
In financial year 2025, HEATCO made a profit of €267,468.
Where can I find the annual accounts of HEATCO?
HEATCO filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of HEATCO due?
HEATCO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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