Summary
Conclusion
the dossier summarised in one paragraphA bankruptcy procedure is open for Heating Tec according to publications in the Belgian State Gazette. The 2020 annual accounts show equity of €13k and a net result of €-106k.
Based on the State Gazette, CBE and 2 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneBankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Insolvency timeline
1 events15-04-2025
Bankruptcy
Opening
Filing behaviour
From the deposit records, complete market-wideDeadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 12 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 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.
Filing behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | 29-08-2025 | 29 d late | 2025-00463307 |
| 31-12-2023 | 31-07-2024 | 22-10-2024 | 83 d late | 2024-00512704 |
| 31-12-2022 | 31-07-2023 | 04-10-2023 | 65 d late | 2023-00470524 |
| 31-12-2021 | 31-07-2022 | 16-11-2022 | 108 d late | 2022-20522310 |
| 31-12-2020 | 31-07-2021 | 15-06-2022 | 319 d late | 2022-20065700 |
| 31-12-2019 | 31-07-2020 | 01-02-2021 | 185 d late | 2021-04900194 |
| 31-12-2018 | 31-07-2019 | 24-06-2019 | 37 d early | 2019-22400367 |
| 31-12-2017 | 31-07-2018 | 03-07-2018 | 28 d early | 2018-28000319 |
| 31-12-2016 | 31-07-2017 | 10-08-2017 | 10 d late | 2017-42900535 |
| 31-12-2015 | 31-07-2016 | 30-06-2016 | 31 d early | 2016-25500574 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsRegister: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-106k
Working capital€85k-36.8%
Directors2
Annual accounts & ratios
Source: NBB · 2020Annual accounts filed on 29-08-2025 with the NBB · fiscal year 2024 · micro
€-63k
-
19-20
€-106k
-
19-20
€-93k
-
19-20
€608k
+83.6%
19-20
€13k
-89.3%
19-20
€85k
-36.8%
19-20
3
+43.5%
19-20
€150k
-
19-20
€2k
-97.6%
19-20
€595k
+179.9%
19-20
€264k
+55.4%
19-20
€331k
+698.9%
19-20
1.32
-26.2%
19-20
0.74
-49.0%
19-20
2.1%
-94.2%
19-20
46.80
+13282.8%
19-20
-831.1%
-
19-20
-17.4%
-
19-20
-2.13
-
19-20
Figures by fiscal year
| Fiscal year | 2020 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €-63k |
| Net profit | €-106k |
| Cash flow | €-93k |
| Staff costs | €150k |
| Income taxes | €2k |
| Dividends | - |
| Total assets | €608k |
| Equity | €13k |
| Debt | €595k |
| of which ≤ 1y | €264k |
| of which > 1y | €331k |
| Working capital | €85k |
| Employees (FTE) | 3.3 |
Ratios (computed)
| 2020 | |
|---|---|
| Current ratio | 1.32 |
| Quick ratio | 0.74 |
| Working capital ratio | 14.0% |
| Solvency | 2.1% |
| Debt / equity | 46.80 |
| Long-term debt ratio | 26.01 |
| Interest coverage | -2.13 |
| Gross margin | - |
| Net margin | - |
| ROA | -17.4% |
| ROE | -831.1% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2020
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2020 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €608k |
| Fixed assets | 21/28 | €258k |
| Tangible fixed assets | 22/27 | €258k |
| Current assets | 29/58 | €349k |
| Stocks & contracts in progress | 3 | €153k |
| Amounts receivable within one year | 40/41 | €91k |
| Cash & bank | 54/58 | €51k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €608k |
| Equity | 10/15 | €13k |
| Contributions / capital | 10/11 | €19k |
| Reserves | 13 | €100k |
| Accumulated profits (losses) | 14 | €-106k |
| Amounts payable | 17/49 | €595k |
| Amounts payable after one year | 17 | €331k |
| Amounts payable within one year | 42/48 | €264k |
| Trade debts payable within one year | 44 | €176k |
| Income statement | ||
| Gross operating margin | 9900 | €89k |
| Operating result | 9901 | €-76k |
| Financial income | 75 | €1k |
| Financial charges | 65 | €30k |
| Result before taxes | 9903 | €-104k |
| Income taxes | 67/77 | €2k |
| Net result for the period | 9904 | €-106k |
| Result to be appropriated | 9905 | €-106k |
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2020 · computed0
/ 100
Critical
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2020 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Directors
Directors & mandates
1 directorCurrent directors & mandates
-
ÖZEL AdemDirectorState Gazette act 23476731 (27-12-2023)Current27-12-2023 → present
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Insolvency mandates
2 mandates| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | MARK HUYGEN MAASTRICHTERPOORT 13 BUS 1,
3740 BILZEN-HOESELT |
03-04-2025 → present | Belgian State Gazette |
| Curator | MARTINE
CLAESEN MAASTRICHTERPOORT 13 BUS 1, 3740 BILZEN-
HOESELT |
03-04-2025 → present | Belgian State Gazette |
Legal Structure
| NACE primary | Sanitaire werkzaamheden(43221) |
| Legal form | Private limited company(610) |
| Incorporation | 31-07-2012 |
| Status | Active |
| Postal code | 3945 |
| First BS signal | 15-04-2025 |
| Latest BS signal | 15-04-2025 |
Structure & network
Ownership & control
No ownership or control structure found in the sources.
For this we read shareholding and parent/subsidiary relations from the acts in the Belgian State Gazette, plus the board seats that legal entities hold in one another. Nothing of the sort is published for this company, which is common: most Belgian companies do not publish a shareholding structure.
2 court or liquidation mandates are on record for this company. Such a mandate is a fact about the company itself, not about a tie to another one: two bankruptcies handled by the same receiver are two separate cases. They are listed under Directors & mandates.
Locations & real estate
Registered office
from the Crossroads BankCannot 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.
Schipperstraat 53945 HamEstablishment units
1 locationHeatingTec
since 20122.212.821.012
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area1.2 ha
Buildings1
Building footprint2,841 m²
Volume (LiDAR)14,121 m³
Tallest building10.1 m · ±1 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71033B0348/00W007 | Flanders | 1.2 ha | 1 · 2,841 m² | 10.1 m · 1 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
1 event from the State Gazette15-04-2025
Bankruptcy
Opening
Time machine: BS events + macro context
2021-2026Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad · acts
1 acts All acts · 1
updated 2 years ago
2023
27-12-2023 ÖZEL Adem appointed as director
Analysis
Snowflake analysis
financial profile on 5 axes10
/ 100
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
Health
0
Profitability
0
Solvency
20
Growth
32
Stability
0
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Company registry
Company registry (CBE)
Crossroads BankActivities
Loodgieterswerk43221Sanitaire werkzaamheden43221Installatie van verwarming, klimaatregeling en ventilatie43222Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit43222
Primary activity highlighted.
Names & trade names
| Legal nameNL | Heating Tec |
Registered office
Schipperstraat 5 bus 9
3945 Ham, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.