EURO HEAT PIPES
ActiveSummary
EURO HEAT PIPES has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €962k and a net result of €457k. Equity is shrinking by ~18.9% per year across the filed fiscal years. Its solvency ranks better than 13% of 128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability67▲+9
Solvency30▲+2
Growth40▼-10
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity tight (current ratio 1.47 against 1.53 in 2024; short-term debt: 54% and cash: 8.3% of total assets), and 94.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 26
Relative position
BE, all sectors
reference
Sector 26
lower
← fewer bankruptcies
more bankruptcies →
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
5.2%
Return on assets
2.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 128 sector peers (2025).
NBB · sector comparisonPosition among 128 sector peers
Solvency
better than 13%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
18192122232425
2018 to 2025 · latest year €962k
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 22-05-2026, 70 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
70 d early
2024
29 d early
2023
29 d early
2022
69 d early
2021
74 d early
2020
59 d early
2019
63 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, full schema
Turnover
€4.67M▼ 47.8%
2024 · €8.95M
2018: €8.72M
2019: €4.40M
2021: €16.35M
2022: €4.49M
2023: €10.55M
2024: €8.95M
2018 → 2025
EBIT margin
22.6%▲ 16.7pp
2024 · 5.9%
2018: 2.5%
2019: 5.6%
2021: 3.8%
2022: -5.6%
2023: 1.6%
2024: 5.9%
2018 → 2025
Net result
€457k▲ 257%
2024 · €128k
2018: €11k
2019: €54k
2021: €415k
2022: €-456k
2023: €-93k
2024: €128k
2018 → 2025
Working capital
€4.67M▲ 5.0%
2024 · €4.44M
2018: €4.62M
2019: €4.00M
2021: €2.18M
2022: €655k
2023: €1.20M
2024: €4.44M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€16.35M-€4.49M▼ 72.5%€10.55M▲ 135%€8.95M▼ 15.2%€4.67M▼ 47.8%
Equity€1.14M-€632k▼ 44.6%€485k▼ 23.3%€559k▲ 15.2%€962k▲ 72.1%
Operating result€627k-€-251k€169k€526k▲ 210%€1.05M▲ 100%
Net result€415k-€-456k€-93k▲ 79.6%€128k€457k▲ 257%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 100% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €18.53M
Fixed assets
€3.86M ▼ 3.7%
Current assets
€14.67M ▲ 13.9%
Equity and liabilities €18.53M
Equity
€962k ▲ 72.1%
Provisions
€496k ▲ 202%
Debt
€17.07M ▲ 5.6%
Debt's share of the balance-sheet total falls from 95.7% to 92.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.86M▲
2024 · €1.29M
Cash flow
€1.26M▲
2024 · €894k
Current ratio
1.47▼
2024 · 1.53
Quick ratio
0.72▲
2024 · 0.71
Debt to equity
17.74▼
2024 · 28.91
ROE
47.5%▲
2024 · 22.9%
ROA
2.5%▲
2024 · 0.8%
Interest coverage
3.49▲
2024 · 3.35
Debt ≤ 1 year
€10.00M▲
2024 · €8.43M
Debt > 1 year
€7.07M▼
2024 · €7.59M
Income taxes
€41k▼
2024 · €45k
Staff costs
€7.88M▲
2024 · €7.05M
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 · 144 lines
Balance sheet
Code20242025
Assets
Total assets20/58€16.89M€18.53M▲
Fixed assets21/28€4.01M€3.86M▼
Intangible fixed assets21€1.01M€1.05M▲
Tangible fixed assets22/27€2.98M€2.81M▼
Land and buildings22€925k€897k▼
Plant, machinery and equipment23€1.48M€1.51M▲
Furniture and vehicles24€54k€47k▼
Leasing and similar rights25€522k€356k▼
Financial fixed assets28€21k€4k▼
Other financial fixed assets284/8€21k€4k▼
Shares284-€0
Amounts receivable and cash guarantees285/8€21k€4k▼
Current assets29/58€12.87M€14.67M▲
Amounts receivable after more than one year29-€0
Trade receivables290-€0
Other amounts receivable291-€0
Stocks and contracts in progress3€6.86M€7.48M▲
Stocks30/36€535k€1.26M▲
Raw materials and consumables30/31€535k€1.26M▲
Work in progress32-€0
Finished goods33-€0
Goods purchased for resale34-€0
Property held for sale35-€0
Advance payments36-€0
Contracts in progress37€6.32M€6.22M▼
Amounts receivable within one year40/41€4.49M€5.64M▲
Trade receivables40€3.65M€5.09M▲
Other amounts receivable41€836k€553k▼
Current investments50/53-€0
Own shares50-€0
Other investments51/53-€0
Cash at bank and in hand54/58€1.46M€1.54M▲
Deferred charges and accrued income490/1€63k€14k▼
Equity and liabilities
Total equity and liabilities10/49€16.89M€18.53M▲
Equity10/15€559k€962k▲
Contributions10/11€750k€750k=
Capital10€750k€750k=
Issued capital100€750k€750k=
Uncalled capital101-€0
Outside capital11-€0
Share premium1100/10-€0
Other1109/19-€0
Revaluation surpluses12-€0
Reserves13€28k€75k▲
Non-distributable reserves130/1€28k€75k▲
Legal reserve130€28k€75k▲
Reserves not available under the articles1311-€0
Own shares acquired1312-€0
Financial assistance1313-€0
Other1319-€0
Tax-exempt reserves132-€0
Distributable reserves133-€0
Profit (loss) carried forward14€-365k€46k▲
Investment grants15€146k€92k▼
Advance to shareholders on the distribution of net assets19-€0
Provisions and deferred taxes16€164k€496k▲
Provisions for liabilities and charges160/5€164k€496k▲
Pensions and similar obligations160-€0
Taxes161€164k€454k▲
Major repairs and maintenance162-€0
Environmental obligations163-€0
Other liabilities and charges164/5-€42k
Deferred taxes168-€0
Amounts payable17/49€16.16M€17.07M▲
Amounts payable after more than one year17€7.59M€7.07M▼
Financial debts170/4€7.59M€7.07M▼
Subordinated loans170€7.57M€7.07M▼
Unsubordinated bonds171-€0
Leasing and similar obligations172€21k€0▼
Credit institutions173-€0
Other loans174-€0
Trade debts175-€0
Suppliers1750-€0
Bills of exchange payable1751-€0
Advances received on contracts in progress176-€0
Other amounts payable178/9-€0
Amounts payable within one year42/48€8.43M€10.00M▲
Current portion of amounts payable after more than one year42€45k€521k▲
Financial debts43-€0
Credit institutions430/8-€0
Other loans439-€0
Trade debts44€2.65M€2.30M▼
Suppliers440/4€2.65M€2.30M▼
Bills of exchange payable441-€0
Advances received on contracts in progress46€3.35M€5.99M▲
Taxes, remuneration and social security45€2.38M€1.19M▼
Taxes450/3€853k€28k▼
Remuneration and social security454/9€1.53M€1.16M▼
Other amounts payable47/48-€0
Accrued charges and deferred income492/3€141k€3k▼
Income statement
Code20242025
Operating income70/76A€14.44M€16.22M▲
Turnover70€8.95M€4.67M▼
Change in stocks of work in progress, finished goods and contracts in progress71€4.77M€10.99M▲
Own construction capitalised72€52k€0▼
Other operating income74€672k€516k▼
Non-recurring operating income76A-€40k
Operating charges60/66A€13.91M€15.17M▲
Goods for resale, raw materials and consumables60€3.25M€3.44M▲
Purchases600/8€3.33M€4.00M▲
Change in stocks: decrease (increase)609€-77k€-554k▼
Services and other goods61€2.39M€2.55M▲
Remuneration, social security and pensions62€7.05M€7.88M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€766k€804k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€109k€4k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€164k€332k▲
Other operating charges640/8€183k€41k▼
Non-recurring operating charges66A-€122k
Operating profit (loss)9901€526k€1.05M▲
Financial income75/76B€56k€67k▲
Recurring financial income75€56k€67k▲
Income from financial fixed assets750€0€0=
Income from current assets751-€313
Other financial income752/9€56k€67k▲
Non-recurring financial income76B-€0
Financial charges65/66B€409k€622k▲
Recurring financial charges65€409k€622k▲
Debt charges650€386k€531k▲
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651-€0
Other financial charges652/9€23k€90k▲
Non-recurring financial charges66B-€0
Profit (loss) for the period before taxes9903€173k€498k▲
Income taxes67/77€45k€41k▼
Taxes670/3€45k€42k▼
Tax adjustments and reversals of tax provisions77-€676
Profit (loss) for the period9904€128k€457k▲
Transfer from tax-exempt reserves789-€0
Transfer to tax-exempt reserves689-€0
Profit (loss) for the period to be appropriated9905€128k€457k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-365k€93k▲
Profit (loss) brought forward from the previous period14P€-493k€-365k▲
Transfer from equity791/2-€0
From contributions791-€0
From reserves792-€0
Transfer to equity691/2-€47k
To contributions691-€0
To the legal reserve6920-€47k
To other reserves6921-€0
Shareholders' contribution to the loss794-€0
Profit to be distributed694/7-€0
Return on contributions (dividend)694-€0
Directors or managers695-€0
Employees696-€0
Other beneficiaries697-€0
Social balance
Average headcount (FTE)908786.089.5▲
The notes to these accounts (170 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
22-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
25-02
State Gazette act
Resignation: Klaus Schmidts (director)Appointment: Adriana Sampaio (director)3 facts ▸
State Gazette act
Resignation: Klaus Schmidts (director)
Appointment: Adriana Sampaio (director)3 facts ▸
- General meeting, 04-09-2025
- Director resignation, Klaus Schmidts (director)
- Director appointment, Adriana Sampaio (director)
2025
31-12
Financial
Highest result since 2018net €457k ▲257%
Operating result €1.05M, net result €457k, both a record.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
23-01
State Gazette act
Resignation: Laurent Ounougha (director)Appointment: Andrew WALKER (director)3 facts ▸
State Gazette act
Resignation: Laurent Ounougha (director)
Appointment: Andrew WALKER (director)3 facts ▸
- General meeting, 21-11-2024
- Director resignation, Laurent Ounougha (director)
- Director appointment, Andrew WALKER (director)
2024
31-12
Financial
Back to profitnet €128k
Net result €128k after 2 loss-making years.
31-12
Financial
Equity above €500kEq €559k ▲15.2%
Equity rises from €485k to €559k.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
31-01
State Gazette act
Resignations & appointmentsResignations: SA Sogepa (director) and Frédéric Rousseau (director) · Appointments: SA WALLONIE ENTREPRENDRE (director) and Klaus Schmidts (director) · Reappointments: Frank Pohlemann, Laurent Ounougha and 4 others16 facts ▸
State Gazette act
Resignations & appointments
Resignations: SA Sogepa (director) and Frédéric Rousseau (director) · Appointments: SA WALLONIE ENTREPRENDRE (director) and Klaus Schmidts (director) · Reappointments: Frank Pohlemann, Laurent Ounougha and 4 others16 facts ▸
- Board meeting, 30-08-2023
- General meeting, 22-11-2023
- Director resignation, SA Sogepa (director)
- Director appointment, SA WALLONIE ENTREPRENDRE (director)
- Director resignation, Frédéric Rousseau (director)
- Director appointment, Klaus Schmidts (director)
- Director reappointment, Frank Pohlemann (director)
- Director reappointment, Laurent Ounougha (director)
- Director reappointment, Klaus Schmidts (director)
- Director reappointment, SA WALLONIE ENTREPRENDRE (director)
- Permanent representative, Alexis Van Lede
- Director reappointment, Sparaxis SA (director)
- +4 further facts in this act
17-01
State Gazette act
Statutes amendmentCapital · Company website · Email address6 facts ▸
State Gazette act
Statutes amendment
Capital · Company website · Email address6 facts ▸
- General meeting, 20-12-2023
- Statutes amendment
- Capital, €750.000
- Company website, www.ehp.be
- Email address, info@ehp.be
- Share categories, 3825, 3675
2023
31-05
State Gazette act
Registered officeRegistered-office move1 fact ▸
State Gazette act
Registered office
Registered-office move1 fact ▸
- Registered-office move, Rue de la Science 9 à 1400 Nivelles
23-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
Show earlier events
2022
31-12
Financial
Weakest financial yearnet €-456k ▼210%
Net result drops to €-456k, the lowest in the series; recovery starts the following year.
14-12
State Gazette act
Permanent representatives: Sarah Krins, Alexis van Lede and 2 others4 facts ▸
State Gazette act
Permanent representatives: Sarah Krins, Alexis van Lede and 2 others
4 facts ▸
- Permanent representative, Sarah Krins
- Permanent representative, Alexis van Lede
- Permanent representative, Stéphanie Montenair
- Permanent representative, Colin Loyens
23-05
State Gazette act
Reappointment: MAZARS Réviseur d'Entreprises SRL (commissaire aux comptes)2 facts ▸
State Gazette act
Reappointment: MAZARS Réviseur d'Entreprises SRL (commissaire aux comptes)
2 facts ▸
- General meeting, 02-05-2022
- Auditor reappointment, MAZARS Réviseur d'Entreprises SRL (commissaire aux comptes)
18-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
07-02
State Gazette act
Resignation: David Bastin (représentant permanent de l'administrateur sa sparaxis)Appointment: Stéphanie Montenair (représentant permanent de l'administrateur sa sparaxis)2 facts ▸
State Gazette act
Resignation: David Bastin (représentant permanent de l'administrateur sa sparaxis)
Appointment: Stéphanie Montenair (représentant permanent de l'administrateur sa sparaxis)2 facts ▸
- Director resignation, David Bastin (représentant permanent de l'administrateur sa sparaxis)
- Director appointment, Stéphanie Montenair (représentant permanent de l'administrateur sa sparaxis)
04-01
State Gazette act
Resignation: Patrick Chilot (director)Appointment: Frédéric Rousseau (director)3 facts ▸
State Gazette act
Resignation: Patrick Chilot (director)
Appointment: Frédéric Rousseau (director)3 facts ▸
- General meeting, 14-12-2021
- Director resignation, Patrick Chilot (director)
- Director appointment, Frédéric Rousseau (director)
04-01
State Gazette act
Resignation: Jean-Yves Héloret (director)Appointments: Frank Pohlemann (director) and Passion4Excellence bv (independent director) · Permanent representative: Paul Ryckaert5 facts ▸
State Gazette act
Resignation: Jean-Yves Héloret (director)
Appointments: Frank Pohlemann (director) and Passion4Excellence bv (independent director) · Permanent representative: Paul Ryckaert5 facts ▸
- General meeting, 20-10-2021
- Director resignation, Jean-Yves Héloret (director)
- Director appointment, Frank Pohlemann (director)
- Director appointment, Passion4Excellence bv (independent director)
- Permanent representative, Paul Ryckaert
2021
11-06
State Gazette act
Resignations & appointmentsDirector resignation2 facts ▸
State Gazette act
Resignations & appointments
Director resignation2 facts ▸
- General meeting, 03-05-2021
- Director resignation, director
02-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
26-06
State Gazette act
Resignation: Thierry Berthelon (director)Appointment: Laurent Ounougha (director) · Mandate compensation10 facts ▸
State Gazette act
Resignation: Thierry Berthelon (director)
Appointment: Laurent Ounougha (director) · Mandate compensation10 facts ▸
- General meeting, 07-05-2019
- Director resignation, Thierry Berthelon (director)
- Director appointment, Laurent Ounougha (director)
- Mandate compensation, Laurent Ounougha
- Board composition, Jean-Yves Heloret (director)
- Board composition, Patrick Chilot (director)
- Board composition, Laurent Ounougha (director)
- Board composition, SOCIETE WALLONNE DE GESTION ET DE PARTICIPATIONS SA (director)
- Board composition, SPARAXIS SA (director)
- Board composition, MARELEO SCS (director)
11-06
State Gazette act
Appointments: Mazars Réviseurs d'Entreprises SCRL (statutory auditor) and Laurent Ounougha (director)Resignation: Thierry Berthelon (director)4 facts ▸
State Gazette act
Appointments: Mazars Réviseurs d'Entreprises SCRL (statutory auditor) and Laurent Ounougha (director)
Resignation: Thierry Berthelon (director)4 facts ▸
- General meeting, 06-05-2019
- Auditor appointment, Mazars Réviseurs d'Entreprises SCRL
- Director resignation, Thierry Berthelon (director)
- Director appointment, Laurent Ounougha (director)
08-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
20-02
State Gazette act
Permanent representative: Sarah KrinsPermanent representative resignation2 facts ▸
State Gazette act
Permanent representative: Sarah Krins
Permanent representative resignation2 facts ▸
- Permanent representative resignation, Simon Servais
- Permanent representative, Sarah Krins
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
07-06
State Gazette act
Resignations: ANOVI SA (ceo) and René JOST (pouvoirs)Appointment: Laurent BARREMAECKER (ceo et délégué à la gestion journalière)5 facts ▸
State Gazette act
Resignations: ANOVI SA (ceo) and René JOST (pouvoirs)
Appointment: Laurent BARREMAECKER (ceo et délégué à la gestion journalière)5 facts ▸
- Board meeting, 10-04-2018
- Director resignation, ANOVI SA (ceo (délégué à la gestion journalière))
- Director appointment, Laurent BARREMAECKER (ceo et délégué à la gestion journalière)
- Director resignation, René JOST (pouvoirs (non spécifiés))
- Board resolution, approuve l'avenant à sa convention
06-04
State Gazette act
Resignation: MG Consult SPRL (ceo)Appointment: ANOVI SA (ceo ad interim et délégué à la gestion journalière) · Permanent representative: René JOST · Power of attorney5 facts ▸
State Gazette act
Resignation: MG Consult SPRL (ceo)
Appointment: ANOVI SA (ceo ad interim et délégué à la gestion journalière) · Permanent representative: René JOST · Power of attorney5 facts ▸
- Board meeting, 06-02-2018
- Director resignation, MG Consult SPRL (ceo (délégué à la gestion journalière))
- Director appointment, ANOVI SA (ceo ad interim et délégué à la gestion journalière)
- Permanent representative, René JOST
- Power of attorney, Marc FYON
19-02
State Gazette act
Resignations: Theodorus SCA, Olivier de Laet and 3 othersAppointments: Jean-Yves Heloret, Patrick Chilot and 5 others · Permanent representatives: Olivier Belenger, Michel Ganseman and 3 others · Mandate compensation36 facts ▸
State Gazette act
Resignations: Theodorus SCA, Olivier de Laet and 3 others
Appointments: Jean-Yves Heloret, Patrick Chilot and 5 others · Permanent representatives: Olivier Belenger, Michel Ganseman and 3 others · Mandate compensation36 facts ▸
- General meeting, 13-09-2017
- Director resignation, Theodorus SCA (director)
- Director resignation, Olivier de Laet (director)
- Director resignation, Frédéric Levy Morelle (director)
- Director resignation, MG Consult SPRL (director)
- Director resignation, EURO HEAT PIPES (administrateurs restants)
- Director appointment, Jean-Yves Heloret (director)
- Director appointment, Patrick Chilot (director)
- Director appointment, Thierry Berthelon (director)
- Director appointment, SOCIETE WALLONNE DE GESTION ET DE PARTICIPATIONS SA (director)
- Director appointment, SPARAXIS SA (director)
- Director appointment, MARELEO SCS (director)
- +24 further facts in this act
2017
01-08
State Gazette act
Capital & shares · Statutes amendmentStatutes amendment · Capital · Shareholders agreement5 facts ▸
State Gazette act
Capital & shares · Statutes amendment
Statutes amendment · Capital · Shareholders agreement5 facts ▸
- General meeting, 05-07-2017
- Statutes amendment
- Capital, €750.000
- Shareholders agreement, Convention d'actionnaires conclue le 4 juillet 2017, base de la refonte des statuts (articles 5, 15, 17, 19, 20, 21, 22, 23, 24, 25, 26, 29, 31 et 40).
- Share transfer restriction, Période de Blocage: aucun actionnaire ne peut céder des actions de la société avant le 5 juillet 2022 (sous réserve des transferts intra-groupe).
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
27-06
State Gazette act
Reappointment: S.C.R.L CELEN PASCAL (commissaire aux comptes)Written agreement2 facts ▸
State Gazette act
Reappointment: S.C.R.L CELEN PASCAL (commissaire aux comptes)
Written agreement2 facts ▸
- Written agreement, 14/06/2017
- Auditor reappointment, S.C.R.L CELEN PASCAL (commissaire aux comptes)
2015
15-12
State Gazette act
Reappointments: THEODURUS SCA, RNDB SPRL and 2 othersPermanent representatives: Olivier Belenger, Christian Raskin and 5 others · Appointments: Olivier de Laet (director) and Frédéric Levy Morelle (director)17 facts ▸
State Gazette act
Reappointments: THEODURUS SCA, RNDB SPRL and 2 others
Permanent representatives: Olivier Belenger, Christian Raskin and 5 others · Appointments: Olivier de Laet (director) and Frédéric Levy Morelle (director)17 facts ▸
- General meeting, 05-06-2014
- Director reappointment, THEODURUS SCA (director)
- Permanent representative, Olivier Belenger
- Director appointment, Olivier de Laet (director)
- Director appointment, Frédéric Levy Morelle (director)
- Director reappointment, RNDB SPRL (director)
- Permanent representative, Christian Raskin
- Director reappointment, AIRBUS DEFENSE AND SPACE (director)
- Permanent representative, Thierry Berthelon
- Director reappointment, AIRBUS DEFENSE AND SPACE (director)
- Permanent representative, Patrick Chilot
- Director reappointment, SOGEPA (director)
- +5 further facts in this act
2014
24-06
State Gazette act
Reappointment: MG Consult (managing director)Permanent representative: Michel Ganseman3 facts ▸
State Gazette act
Reappointment: MG Consult (managing director)
Permanent representative: Michel Ganseman3 facts ▸
- General meeting, 27-05-2013
- Director reappointment, MG Consult (managing director)
- Permanent representative, Michel Ganseman
15-04
State Gazette act
Reappointment: S.C.P.R.L. FA Wilmet & Cie (statutory auditor)Appointment: S.C.P.R.L. CELEN PASCAL (commissaire aux comptes)2 facts ▸
State Gazette act
Reappointment: S.C.P.R.L. FA Wilmet & Cie (statutory auditor)
Appointment: S.C.P.R.L. CELEN PASCAL (commissaire aux comptes)2 facts ▸
- Auditor reappointment, S.C.P.R.L. FA Wilmet & Cie
- Auditor appointment, S.C.P.R.L. CELEN PASCAL (commissaire aux comptes)
2013
08-11
State Gazette act
Resignation: Jean-François Huyts (permanent representative)Permanent representative: Charles Clossen2 facts ▸
State Gazette act
Resignation: Jean-François Huyts (permanent representative)
Permanent representative: Charles Clossen2 facts ▸
- Director resignation, Jean-François Huyts (permanent representative)
- Permanent representative, Charles Clossen
10-07
State Gazette act
Reappointments: SPRL OLIVIER DE LAET (director) and SA SOGEPA (director)Permanent representative: Jean-François Huyts · Representative5 facts ▸
State Gazette act
Reappointments: SPRL OLIVIER DE LAET (director) and SA SOGEPA (director)
Permanent representative: Jean-François Huyts · Representative5 facts ▸
- General meeting, 07-05-2012
- Director reappointment, SPRL OLIVIER DE LAET (director)
- Representative, Olivier De Laet
- Director reappointment, SA SOGEPA (director)
- Permanent representative, Jean-François Huyts
26-04
State Gazette act
Resignation: SPRL OLIVIER DE LAET (director)Appointment: SPRL MG CONSULT (director) · Permanent representatives: Michel GANSEMAN and Olivier DE LAET7 facts ▸
State Gazette act
Resignation: SPRL OLIVIER DE LAET (director)
Appointment: SPRL MG CONSULT (director) · Permanent representatives: Michel GANSEMAN and Olivier DE LAET7 facts ▸
- Board meeting
- Director resignation, SPRL OLIVIER DE LAET (director)
- Director resignation, SPRL OLIVIER DE LAET (daily management delegate)
- Director appointment, SPRL MG CONSULT (director)
- Director appointment, SPRL MG CONSULT (daily management delegate)
- Permanent representative, Michel GANSEMAN
- Permanent representative, Olivier DE LAET
2011
29-11
State Gazette act
Resignations: Robert Graham (director) and Pierre Paraire (permanent representative)Appointment: Malcolm Evely (director) · Reappointment: SCPRL FA Wilmet & Cie (statutory auditor) · Permanent representative: Jean-François Huyts7 facts ▸
State Gazette act
Resignations: Robert Graham (director) and Pierre Paraire (permanent representative)
Appointment: Malcolm Evely (director) · Reappointment: SCPRL FA Wilmet & Cie (statutory auditor) · Permanent representative: Jean-François Huyts7 facts ▸
- General meeting, 19-05-2011
- Director resignation, Robert Graham (director)
- Director appointment, Malcolm Evely (director)
- Mandate compensation, Malcolm Evely
- Auditor reappointment, SCPRL FA Wilmet & Cie (statutory auditor)
- Director resignation, Pierre Paraire (permanent representative)
- Permanent representative, Jean-François Huyts
2006
07-07
State Gazette act
Appointments: Société Wallonne de Gestion et de Participations (director) and Verhaert Consultancys NV (director)Reappointments: ULB, SPRL Olivier de LAET and 2 others · Resignation: Agnés FLEMAL (director) · Share issue14 facts ▸
State Gazette act
Appointments: Société Wallonne de Gestion et de Participations (director) and Verhaert Consultancys NV (director)
Reappointments: ULB, SPRL Olivier de LAET and 2 others · Resignation: Agnés FLEMAL (director) · Share issue14 facts ▸
- General meeting, 06-06-2006
- Share issue, 10000, 7 ans
- Capital increase
- Share issue, 10000, 7 ans
- Capital increase
- Power of attorney, Euro Heat Pipes
- Statutes amendment
- Director appointment, Société Wallonne de Gestion et de Participations (director)
- Director appointment, Verhaert Consultancys NV (director)
- Director reappointment, ULB (director)
- Director reappointment, SPRL Olivier de LAET (director)
- Director reappointment, THEODORUS (director)
- +2 further facts in this act
2005
09-05
State Gazette act
Appointment: Wallonia Space Logistics s.a. (director)Permanent representative: Agnès Flémal3 facts ▸
State Gazette act
Appointment: Wallonia Space Logistics s.a. (director)
Permanent representative: Agnès Flémal3 facts ▸
- General meeting, 20-01-2005
- Director appointment, Wallonia Space Logistics s.a. (director)
- Permanent representative, Agnès Flémal
2004
12-07
State Gazette act
Resignation: SABCA (director)1 fact ▸
State Gazette act
Resignation: SABCA (director)
1 fact ▸
- Director resignation, SABCA (director)
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
25 directors, no change since 2025
Adriana Sampaio
CurrentDirector · since 05-09-2025
Andrew WALKER
CurrentDirector · since 21-11-2024
Wallonie Entreprendre
CurrentDirector · since 30-08-2023 · Public limited company · perm. rep.: Alexis Van Lede
Frank Pohlemann
CurrentDirector · since 20-10-2021
Passion4Excellence BV
CurrentIndependent director · since 20-10-2021 · Legal entity · perm. rep.: Paul Ryckaert
Madame Stéphanie Montenair
CurrentReprésentant permanent de l'administrateur sa sparaxis · since 07-09-2020
19 other directors
Passion4Excellence BVBA
CurrentDirector · Legal entity · perm. rep.: Paul Ryckaert
Sparaxis SA
CurrentDirector · Legal entity · perm. rep.: Colin Loyens
Laurent BARREMAECKER
Not recently confirmedCeo et délégué à la gestion journalière · since 10-04-2018
MARELEO
Not recently confirmedDirector · since 04-07-2017 · Limited partnership · perm. rep.: Grégory Reichling
SPARAXIS
Not recently confirmedDirector · since 04-07-2017 · Public limited company · perm. rep.: David Bastin
AIRBUS DEFENSE AND SPACE
Not recently confirmedDirector · since 05-06-2014 · Legal entity
RNDB SPRL
Not recently confirmedDirector · since 05-06-2014 · Legal entity · perm. rep.: Christian Raskin
SOGEPA
Not recently confirmedDirector · since 05-06-2014 · Legal entity
THEODURUS SCA
Not recently confirmedDirector · since 05-06-2014 · Legal entity · perm. rep.: Olivier Belenger
MG Consult
Not recently confirmedManaging director · since 27-05-2013 · Legal entity · perm. rep.: Michel Ganseman
OLIVIER DE LAET SPRL
Not recently confirmedDirector · since 06-06-2006 · Legal entity · perm. rep.: Olivier DE LAET
MG CONSULT
Not recently confirmedDirector · since 25-02-2013 · Private limited company (pre-2019) · perm. rep.: Michel GANSEMAN
Malcolm Evely
Not recently confirmedDirector · since 19-05-2011
Jean Claude LEGROS
Not recently confirmedDirector · since 06-06-2006
SOCIETE WALLONNE DE GESTION ET DE PARTICIPATIONS
Not recently confirmedDirector · since 06-06-2006 · Legal entity
Theodorus
Not recently confirmedDirector · since 06-06-2006 · Legal entity
ULB
Not recently confirmedDirector · since 06-06-2006 · Legal entity
Verhaert Innovation Facilities
Not recently confirmedDirector · since 06-06-2006 · Public limited company
IGNITY
Not recently confirmedDirector · since 20-01-2005 · Public limited company · perm. rep.: Agnès Flémal
05-09-2025
Adriana Sampaio: Appointed as Director
04-09-2025
Klaus Schmidts: Resigned as Director
21-11-2024
Andrew WALKER: Appointed as Director
21-11-2024
Laurent Ounougha: Resigned as Director
22-11-2023
Klaus Schmidts: Appointed as Director
Location & real-estate footprint
Registered office, Nivelles · 2 establishment units since 2001
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 de la Science 91400 NivellesGround area
1.7 ha
Building footprint
1,594 m²
2 parcels, Wallonia. Linked by address, not a title deed.
2 establishment units
Rue de la Science 9, 1400 Nivelles
since 20012.097.951.137
Euro Heat Pipes
since 20232.352.089.949
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25099D0028/00L002 | Wallonia | 9,620 m² | 1 · 994 m² | - |
| 25099D0028/00B003 | Wallonia | 7,543 m² | 1 · 600 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
1 auditor| Mazars Réviseur d'Entreprises SRLCurrent Commissaire aux comptes | 02-05-2022 → present |
Show 5 earlier auditors
| S.C.P.R.L. CELEN PASCAL Commissaire aux comptes succeeded by S.C.P.R.L. FA Wilmet & Cie in 2014 | 01-01-2013 → 15-04-2014 |
| S.C.P.R.L. FA Wilmet & Cie Auditor succeeded by S.C.R.L CELEN PASCAL in 2017 | 15-04-2014 → 27-06-2017 |
| S.C.R.L CELEN PASCAL Commissaire aux comptes succeeded by SCRL Mazars Réviseurs d'entreprises in 2019 | 27-06-2017 → 06-05-2019 |
| SCPRL FA Wilmet & Cie Statutory auditor succeeded by S.C.P.R.L. CELEN PASCAL in 2013 | 19-05-2011 → 01-01-2013 |
| SCRL Mazars Réviseurs d'entreprises Auditor succeeded by Mazars Réviseur d'Entreprises SRL in 2022 | 06-05-2019 → 02-05-2022 |
Articles of association
Purpose
La société a pour objet tant en Belgique qu'à l'étranger... 1. la recherche, l'étude, la conception, la réalisation, la fabrication, la mise au point de systèmes thermiques à usage…
Full purpose
La société a pour objet tant en Belgique qu'à l'étranger... 1. la recherche, l'étude, la conception, la réalisation, la fabrication, la mise au point de systèmes thermiques à usage principal de l'industrie aéronautique et spatiale... 2. la production, la promotion, l'achat et la vente... 3. la consultance... 4. le dépôt et l'exploitation des brevets... 5. la formation... 6. la recherche... de tous types d'appareillages et accessoires...
Structure & network
Connections & network
26 connected companiesLinked via shared directors
via Andrew WALKER · Executive general manager of the power technique business area
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via Andrew WALKER · Director
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Capital and shareholders
Capital over the years
- 17-01-2024 Capital stated in 2 acts · 750,000 EUR · 7,500 shares
Public money · subsidies and aid
European research
6 projects · 3 as coordinator · 1,403,466 EUR EU contributionProgrammes
Seventh Framework Programme
Horizon 2020
Projects
Passive Ice Protection System
Development, construction, integration, and progress toward to two-phase device monitoring and qualification on aircrafts
CompoLight: Rapid Manufacturing of lightweight metal components
Passive cooling solution validation for aircraft application
Integration of Innovative Ice Protection Systems
Show 1 more projects
Next-Generation Computational Methods for Enhanced Multiphase Flow Processes
Recognitions · licences · registrations
Legal Entity Identifier
213800BJ83V1AJFGDO82
Similar companies · same sector, comparable size
SENTERA EUROPA
BE 0462.307.146
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ALFANO S.A.
BE 0472.890.638
Nivelles · Eq €944k
T.M.C.
BE 0426.061.216
Tubize · Eq €932k
SENSY
BE 0729.867.293
Charleroi · Eq €912k
MagCam
BE 0820.600.204
Leuven · Eq €1.03M
Of 213 companies in sector 26510 we hold annual accounts for 166. 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
Founded06-04-2001
Fiscal year end31-12
Abbreviation FR
EHP
Activities, NACEBEL 2025
26510Manufacture of computer, electronic and optical products
30310Manufacture of other transport equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.