VENTILEC
ActiveSummary
VENTILEC has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.53M and a net result of €411k. Equity is growing by ~17.1% per year across the filed fiscal years. Its solvency ranks better than 65% of 406 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▼-4
Solvency82▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €290k at 30 days acceptable
Liquidity ample (current ratio 2.33 against 3.05 in 2024; short-term debt: 16.7% and cash: 26.6% of total assets), and 42.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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
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
57.2%
Return on assets
6.7%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 13-10-2025, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
28 d late
2023
1 d early
2022
4 d early
2021
33 d early
2020
10 d early
2019
30 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 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€3.53M▲ 13.2%
2024 · €3.12M
2019: €1.44Mlowest in 7 years
2020: €1.58M▲ +9.9% vs 2019
2021: €1.73M▲ +9.9% vs 2020
2022: €2.22M▲ +28.3% vs 2021
2023: €2.53M▲ +13.8% vs 2022
2024: €3.12M▲ +23.3% vs 2023
2025: €3.53M▲ +13.2% vs 2024highest in 7 years
2019 → 2025
Total assets
€6.17M▲ 6.8%
2024 · €5.78M
2019: €3.88Mlowest in 7 years
2020: €4.60M▲ +18.6% vs 2019
2021: €4.93M▲ +7.2% vs 2020
2022: €5.94M▲ +20.4% vs 2021
2023: €5.59M▼ -6.0% vs 2022
2024: €5.78M▲ +3.5% vs 2023
2025: €6.17M▲ +6.8% vs 2024highest in 7 years
2019 → 2025
Net result
€411k▼ 28.8%
2024 · €578k
2019: €249k
2020: €142k▼ -43.0% vs 2019lowest in 7 years
2021: €156k▲ +10.0% vs 2020
2022: €490k▲ +214% vs 2021
2023: €307k▼ -37.4% vs 2022
2024: €578k▲ +88.3% vs 2023highest in 7 years
2025: €411k▼ -28.8% vs 2024
2019 → 2025
Working capital
€1.37M▲ 6.7%
2024 · €1.28M
2019: €1.23M
2020: €1.53M▲ +24.0% vs 2019highest in 7 years
2021: €1.10M▼ -27.9% vs 2020
2022: €718k▼ -34.8% vs 2021lowest in 7 years
2023: €808k▲ +12.6% vs 2022
2024: €1.28M▲ +58.9% vs 2023
2025: €1.37M▲ +6.7% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.73M-€2.22M▲ 28.3%€2.53M▲ 13.8%€3.12M▲ 23.3%€3.53M▲ 13.2%
2021: €1.73Mlowest in 5 years
2022: €2.22M▲ +28.3% vs 2021
2023: €2.53M▲ +13.8% vs 2022
2024: €3.12M▲ +23.3% vs 2023
2025: €3.53M▲ +13.2% vs 2024highest in 5 years
Operating result€186k-€636k▲ 241%€411k▼ 35.5%€788k▲ 91.9%€560k▼ 29.0%
2021: €186klowest in 5 years
2022: €636k▲ +241% vs 2021
2023: €411k▼ -35.5% vs 2022
2024: €788k▲ +91.9% vs 2023highest in 5 years
2025: €560k▼ -29.0% vs 2024
Net result€156k-€490k▲ 214%€307k▼ 37.4%€578k▲ 88.3%€411k▼ 28.8%
2021: €156klowest in 5 years
2022: €490k▲ +214% vs 2021
2023: €307k▼ -37.4% vs 2022
2024: €578k▲ +88.3% vs 2023highest in 5 years
2025: €411k▼ -28.8% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 29% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.17M
Fixed assets
€3.77M ▼ 2.6%
Current assets
€2.40M ▲ 25.8%
Equity and liabilities €6.17M
Equity
€3.53M ▲ 13.2%
Provisions
€22k ▼ 88.6%
Debt
€2.62M ▲ 6.3%
Debt's share of the balance-sheet total falls from 42.6% to 42.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€836k▼
2024 · €1.04M
Cash flow
€687k▼
2024 · €827k
Current ratio
2.33▼
2024 · 3.05
Quick ratio
2.24▼
2024 · 2.98
Debt to equity
0.74▼
2024 · 0.79
ROE
11.6%▼
2024 · 18.5%
ROA
6.7%▼
2024 · 10.0%
Interest coverage
32.54▼
2024 · 38.71
Debt ≤ 1 year
€1.03M▲
2024 · €626k
Debt > 1 year
€1.59M▼
2024 · €1.84M
Income taxes
€153k▼
2024 · €194k
Staff costs
€163k▼
2024 · €184k
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 · 69 lines
Balance sheet
Code20242025
Assets
Total assets20/58€5.78M€6.17M▲
Fixed assets21/28€3.87M€3.77M▼
Intangible fixed assets21€19k€17k▼
Tangible fixed assets22/27€3.79M€3.72M▼
Land and buildings22€3.32M€3.37M▲
Plant, machinery and equipment23€368k€264k▼
Furniture and vehicles24€106k€84k▼
Financial fixed assets28€61k€40k▼
Current assets29/58€1.91M€2.40M▲
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Stocks and contracts in progress3€47k€88k▲
Stocks30/36€47k€88k▲
Amounts receivable within one year40/41€391k€375k▼
Trade receivables40€324k€317k▼
Other amounts receivable41€67k€58k▼
Current investments50/53€280k€283k▲
Cash at bank and in hand54/58€1.18M€1.64M▲
Deferred charges and accrued income490/1€13k€12k▼
Equity and liabilities
Total equity and liabilities10/49€5.78M€6.17M▲
Equity10/15€3.12M€3.53M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€3.06M€3.47M▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€641k€480k▼
Distributable reserves133€2.41M€2.98M▲
Provisions and deferred taxes16€197k€22k▼
Provisions for liabilities and charges160/5€170k€0▼
Other liabilities and charges164/5€170k€0▼
Deferred taxes168€27k€22k▼
Amounts payable17/49€2.47M€2.62M▲
Amounts payable after more than one year17€1.84M€1.59M▼
Financial debts170/4€1.84M€1.59M▼
Amounts payable within one year42/48€626k€1.03M▲
Current portion of amounts payable after more than one year42€304k€237k▼
Financial debts43€8k€42k▲
Credit institutions430/8€8k€42k▲
Trade debts44€148k€258k▲
Suppliers440/4€148k€258k▲
Taxes, remuneration and social security45€45k€43k▼
Taxes450/3€15k€27k▲
Remuneration and social security454/9€30k€16k▼
Other amounts payable47/48€122k€453k▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€184k€163k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€249k€276k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€107k€-170k▼
Other operating charges640/8€29k€28k▼
Non-recurring operating charges66A-€2k
Gross operating margin9900€1.36M€859k▼
Operating profit (loss)9901€788k€560k▼
Financial income75/76B€6k€25k▲
Recurring financial income75€6k€25k▲
Financial charges65/66B€27k€26k▼
Recurring financial charges65€27k€26k▼
Profit (loss) for the period before taxes9903€767k€560k▼
Transfer from deferred taxes780€5k€5k=
Income taxes67/77€194k€153k▼
Profit (loss) for the period9904€578k€411k▼
Transfer from tax-exempt reserves789€14k€161k▲
Transfer to tax-exempt reserves689€307k€0▼
Profit (loss) for the period to be appropriated9905€285k€573k▲
Appropriation of the result
Profit (loss) to be appropriated9906€285k€573k▲
Transfer to equity691/2€285k€573k▲
To other reserves6921€285k€573k▲
Social balance
Average headcount (FTE)90873.71.8▼
The notes to these accounts (31 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €5k | €0 | - | - |
| Remuneration, social security and pensions62 | - | €372k | €342k | €184k | €163k | ▼ 11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €246k | €331k | €229k | €249k | €276k | ▲ 10.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €-1k | - | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €79k | €-36k | €107k | €-170k | ▼ 259% |
| Other operating charges640/8 | - | €152k | €28k | €29k | €28k | ▼ 3.6% |
| Non-recurring operating charges66A | - | - | - | - | €2k | - |
| Gross operating margin9900 | €1.15M | €1.57M | €973k | €1.36M | €859k | ▼ 36.7% |
| Operating profit (loss)9901 | €186k | €636k | €411k | €788k | €560k | ▼ 29.0% |
| Financial income75/76B | - | €30k | €4k | €6k | €25k | ▲ 334% |
| Recurring financial income75 | €30k | €30k | €4k | €6k | €25k | ▲ 334% |
| Financial charges65/66B | - | €23k | €32k | €27k | €26k | ▼ 4.2% |
| Recurring financial charges65 | €15k | €23k | €32k | €27k | €26k | ▼ 4.2% |
| Profit (loss) for the period before taxes9903 | €201k | €644k | €383k | €767k | €560k | ▼ 27.1% |
| Transfer from deferred taxes780 | - | €8k | €8k | €5k | €5k | = |
| Income taxes67/77 | €53k | €162k | €84k | €194k | €153k | ▼ 21.3% |
| Profit (loss) for the period9904 | €156k | €490k | €307k | €578k | €411k | ▼ 28.8% |
| Transfer from tax-exempt reserves789 | - | €15k | €15k | €14k | €161k | ▲ 1,052% |
| Transfer to tax-exempt reserves689 | - | - | €105k | €307k | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €69k | €505k | €217k | €285k | €573k | ▲ 101% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.93M | €5.94M | €5.59M | €5.78M | €6.17M | ▲ 6.8% |
| Fixed assets21/28 | €1.55M | €3.91M | €3.91M | €3.87M | €3.77M | ▼ 2.6% |
| Intangible fixed assets21 | - | - | - | €19k | €17k | ▼ 9.9% |
| Tangible fixed assets22/27 | €1.47M | €3.83M | €3.85M | €3.79M | €3.72M | ▼ 2.1% |
| Land and buildings22 | - | €3.45M | €3.38M | €3.32M | €3.37M | ▲ 1.5% |
| Plant, machinery and equipment23 | - | €338k | €436k | €368k | €264k | ▼ 28.2% |
| Furniture and vehicles24 | - | €44k | €34k | €106k | €84k | ▼ 21.3% |
| Financial fixed assets28 | €79k | €79k | €61k | €61k | €40k | ▼ 34.6% |
| Current assets29/58 | €3.39M | €2.04M | €1.68M | €1.91M | €2.40M | ▲ 25.8% |
| Amounts receivable after more than one year29 | - | €5k | €5k | €0 | - | - |
| Other amounts receivable291 | - | €5k | €5k | €0 | - | - |
| Stocks and contracts in progress3 | €129k | €58k | €42k | €47k | €88k | ▲ 86.5% |
| Stocks30/36 | - | €58k | €42k | €47k | €88k | ▲ 86.5% |
| Amounts receivable within one year40/41 | €817k | €902k | €544k | €391k | €375k | ▼ 3.9% |
| Trade receivables40 | - | €896k | €536k | €324k | €317k | ▼ 2.0% |
| Other amounts receivable41 | - | €6k | €8k | €67k | €58k | ▼ 13.0% |
| Current investments50/53 | €261k | €278k | €280k | €280k | €283k | ▲ 1.4% |
| Cash at bank and in hand54/58 | €2.16M | €775k | €789k | €1.18M | €1.64M | ▲ 39.3% |
| Deferred charges and accrued income490/1 | - | €16k | €16k | €13k | €12k | ▼ 9.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.93M | €5.94M | €5.59M | €5.78M | €6.17M | ▲ 6.8% |
| Equity10/15 | €1.73M | €2.22M | €2.53M | €3.12M | €3.53M | ▲ 13.2% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | - | €62k | €62k | €62k | €62k | = |
| Issued capital100 | - | €62k | €62k | €62k | €62k | = |
| Reserves13 | €1.67M | €2.16M | €2.47M | €3.06M | €3.47M | ▲ 13.4% |
| Non-distributable reserves130/1 | - | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | - | €6k | €6k | €6k | €6k | = |
| Tax-exempt reserves132 | - | €247k | €337k | €641k | €480k | ▼ 25.2% |
| Distributable reserves133 | - | €1.91M | €2.13M | €2.41M | €2.98M | ▲ 23.8% |
| Provisions and deferred taxes16 | €80k | €150k | €106k | €197k | €22k | ▼ 88.6% |
| Provisions for liabilities and charges160/5 | - | €99k | €63k | €170k | €0 | ▼ 100% |
| Major repairs and maintenance162 | - | €20k | - | - | - | - |
| Environmental obligations163 | - | €79k | €60k | - | - | - |
| Other liabilities and charges164/5 | - | - | €3k | €170k | €0 | ▼ 100% |
| Deferred taxes168 | - | €51k | €43k | €27k | €22k | ▼ 17.2% |
| Amounts payable17/49 | €3.12M | €3.57M | €2.95M | €2.47M | €2.62M | ▲ 6.3% |
| Amounts payable after more than one year17 | €828k | €2.24M | €2.08M | €1.84M | €1.59M | ▼ 13.7% |
| Financial debts170/4 | - | €2.24M | €2.08M | €1.84M | €1.59M | ▼ 13.7% |
| Amounts payable within one year42/48 | €2.28M | €1.32M | €867k | €626k | €1.03M | ▲ 65.0% |
| Current portion of amounts payable after more than one year42 | - | €322k | €290k | €304k | €237k | ▼ 21.9% |
| Financial debts43 | - | €12k | €33k | €8k | €42k | ▲ 399% |
| Credit institutions430/8 | - | €12k | €33k | €8k | €42k | ▲ 399% |
| Trade debts44 | €1.55M | €744k | €384k | €148k | €258k | ▲ 74.5% |
| Suppliers440/4 | - | €744k | €384k | €148k | €258k | ▲ 74.5% |
| Taxes, remuneration and social security45 | - | €164k | €51k | €45k | €43k | ▼ 4.6% |
| Taxes450/3 | - | €120k | €12k | €15k | €27k | ▲ 81.7% |
| Remuneration and social security454/9 | - | €44k | €39k | €30k | €16k | ▼ 47.3% |
| Other amounts payable47/48 | - | €75k | €108k | €122k | €453k | ▲ 273% |
| Accrued charges and deferred income492/3 | - | €11k | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €156k | €490k | €307k | €578k | €411k | ▼ 28.8% |
| + Depreciation and write-downs630 | €246k | €331k | €229k | €249k | €276k | ▲ 10.7% |
| Operating cash flow (approximation) | €403k | €821k | €535k | €827k | €687k | ▼ 16.9% |
| Investment in fixed assets (approximation) | - | €-2.69M | €-233k | €-210k | €-175k | ▲ 16.9% |
| Change in cash | - | €-1.38M | €14k | €391k | €464k | ▲ 18.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-07
State Gazette act
Resignations: Veerle CEURSTEMONT (director) and Herman SCHELFHOUT (director)Appointments: LOCRENSA, HERVEE INVEST and 2 others · Permanent representatives: Herman SCHELFHOUT, Veerle CEURSTEMONT and 2 others · Mandate compensation23 facts ▸
State Gazette act
Resignations: Veerle CEURSTEMONT (director) and Herman SCHELFHOUT (director)
Appointments: LOCRENSA, HERVEE INVEST and 2 others · Permanent representatives: Herman SCHELFHOUT, Veerle CEURSTEMONT and 2 others · Mandate compensation23 facts ▸
- General meeting, 22/06/2026
- Board meeting, 22/06/2026
- Director resignation, Veerle CEURSTEMONT (director)
- Director resignation, Herman SCHELFHOUT (director)
- Director appointment, LOCRENSA (director)
- Director appointment, HERVEE INVEST (director)
- Director appointment, SCHELFHOUT ENGINEERING (director)
- Director appointment, LOBOR (director)
- Permanent representative, Herman SCHELFHOUT
- Permanent representative, Veerle CEURSTEMONT
- Permanent representative, Rik SCHELFHOUT
- Permanent representative, Jef SCHELFHOUT
- +11 further facts in this act
2025
13-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
28-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
31-03
Financial
Highest result since 2019net €578k ▲88.3%
Operating result €788k, net result €578k, both a record.
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Equity above €2MEq €2.22M ▲28.3%
4 profitable years in a row build equity to €2.22M.
2021
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
21-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
31-03
Financial
Weakest financial yearnet €142k ▼43%
Net result drops to €142k, the lowest in the series; recovery starts the following year.
2019
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
22-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
26-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 9 acts read
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
under verification, last change in 2026
This board is reconstructed from a single act (26097678). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
HERVEE INVEST
CurrentDirector · since 22-06-2026 · Private limited company · perm. rep.: Veerle CEURSTEMONT
LOBOR
CurrentDirector · since 22-06-2026 · Private limited company · perm. rep.: Jef SCHELFHOUT
LOCRENSA
CurrentDirector · since 22-06-2026 · Legal entity · perm. rep.: Herman SCHELFHOUT
SCHELFHOUT ENGINEERING
CurrentDirector · since 22-06-2026 · Private limited company · perm. rep.: Rik SCHELFHOUT
22-06-2026
HERVEE INVEST: Appointed as Director
22-06-2026
HERVEE INVEST: Appointed as Managing director
22-06-2026
HERVEE INVEST: Appointed as Day-to-day manager
22-06-2026
HERVEE INVEST: Appointed as Chair of the board
22-06-2026
LOBOR: Appointed as Director
Not every act has been read: a resignation may be missing here
8 of this company's 9 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Lokeren · 1 establishment unit since 1995
Ground area
6,026 m²
Building footprint
3,426 m²
Volume, LiDAR
22,592 m³
Parcel 46382B1439/00E000, Flanders · tallest building 9.5 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
VENTILEC NV
since 19952.071.729.067
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46382B1439/00E000 | Flanders | 6,026 m² | 1 · 3,426 m² | 9.5 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 18,377 EUR awarded · 18,377 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 429 EUR | 429 EUR |
| 2023 | 2 | 226 EUR | 17,834 EUR |
| 2022 | 2 | 17,722 EUR | 114 EUR |
Schemes
Call groene stroom (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
7 categoriesVENTILEC NV40458
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Of 346 companies in sector 28990 we hold annual accounts for 278. 131 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded21-12-1994
Fiscal year end31-03
Activities, NACEBEL 2025
28990Manufacture of machinery and equipment not elsewhere classified
43222Installation of electric heating, air conditioning, cooling and ventilation
Contact
Scores and ratios are computed by Checked and are not a credit decision.