ACTIVE

DTO

Financial year 2025 · Closed on 31/12/2025

Net result75,1 k €-90,1 %over 1 year

Revenue1,7 M €-92,0 %over 1 year

Equity1,8 M €-41,7 %over 1 year

Identity

Source · BCE/KBO

DTO is a Public limited company incorporated in 1994. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Herstal.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0452.126.797
Incorporation: 16/03/1994
Legal form: Public limited company
Registered office: Rue d'Abhooz 23
4040 Herstal · WallonieSee on map
Contributed capital: 1 593 204,51 €
Latest accounts: 31/12/2025

Activities (NACE)

43222Plumbing, heat and air-conditioning installation· main 43222Plumbing, heat and air-conditioning installation 45331Sale of motor vehicle parts and accessories

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 19 filings

Trend over 19 financial years

	2025		2024		2023		2021		2020
Income statement
Revenue	1,7 M €	-92.0%	21,2 M €	-45.5%	38,9 M €	+186%	13,6 M €	+7.3%	12,7 M €
EBITDA	62 k €	-92.6%	836,9 k €	+140%	-2,1 M €	-284%	1,1 M €	+4.0%	1,1 M €
Operating result	-5,2 k €	-101%	689,6 k €	+123%	-2,9 M €	-418%	927 k €	+4.8%	884,9 k €
Net result	75,1 k €	-90.1%	761,9 k €	+125%	-3 M €	-468%	826,9 k €	+5.7%	782,5 k €
Balance sheet
Equity	1,8 M €	-41.7%	3,1 M €	+33.2%	2,3 M €	-85.8%	16,2 M €	+5.4%	15,3 M €
Total assets	4,1 M €	-37.2%	6,5 M €	-36.3%	10,2 M €	-62.9%	27,4 M €	+5.0%	26,1 M €
Cash	59,1 k €	+225%	18,2 k €	-79.2%	87,4 k €	-70.3%	294,2 k €	+10.3%	266,7 k €
Debts	2,3 M €	-33.2%	3,4 M €	-56.5%	7,9 M €	-28.9%	11,1 M €	+4.2%	10,7 M €
Other
Workforce	–		–		–		83,5 ETP	-5.6%	88,5 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
DELTA REFRIGERATION0478.086.967Represented by Philippe DOUIN	Managing director14/02/2024 → 21/06/2029
Jonas DOUIN	Director15/12/2023 → 21/06/2029
LXB MANAGEMENT0847.216.212Represented by Benoit LEVAUX	Director08/07/2020 → 21/06/2029
NOSHAQ0426.624.509Represented by Christine GERARDY	Director24/06/2004 → 21/06/2029

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Claude DOUIN	Managing director08/07/2020 → 2021 accounts
DELTA GROUP0885.817.262Represented by Philippe Douin	Director08/07/2020 → 2021 accounts

Other companies at this address

Rue d'Abhooz 23 4040 Herstal

Company	CBE no.
BIOM● Active	0894.997.620
DELTA GROUP● Active	0885.817.262
DELTA MAINTENANCE● Active	0471.022.201
DELTA REFRIGERATION● Active	0478.086.967
DELTA THERMIC● Active	0718.718.629
DELTA THERMIC - VERTON FRERES● Active	0553.875.641
DTBE-DTO● Active	1010.616.472
PHDJ● Active	0431.035.138
SM DELTA THERMIC-VMA● Active	0799.409.365

Full financial information

Source · NBB

	2025	2024	2023	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/07/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2025	31/12/2024	30/06/2023	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	18 months	18 months	12 months	12 months	12 months
Filing date	13/07/2026	08/07/2025	12/01/2024	22/07/2022	20/07/2021	23/07/2020
General meeting	17/06/2026	25/06/2025	15/12/2023	29/06/2022	23/06/2021	08/07/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 19 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	17/06/2026	13/07/2026	French	PDF
Full model	31/12/2024	25/06/2025	08/07/2025	French	PDF
Full model	30/06/2023	15/12/2023	12/01/2024	French	PDF
Full model	31/12/2021	29/06/2022	22/07/2022	French	PDF
Full model	31/12/2020	23/06/2021	20/07/2021	French	PDF
Full model	31/12/2019	08/07/2020	23/07/2020	French	PDF
Full model	31/12/2018	21/06/2019	19/07/2019	French	PDF
Full model	31/12/2017	24/10/2018	31/10/2018	French	PDF
Full model	31/12/2016	29/06/2017	24/07/2017	French	PDF
Full model	31/12/2015	07/07/2016	26/07/2016	French	PDF
Full model	31/12/2014	30/06/2015	27/07/2015	French	PDF
Full model	31/12/2013	16/06/2014	15/07/2014	French	PDF
Full model	31/12/2012	25/06/2013	05/07/2013	French	PDF
Full model	31/12/2011	28/06/2012	12/07/2012	French	PDF
Full model	31/12/2010	09/06/2011	05/07/2011	French	PDF
Full model	31/12/2009	21/06/2010	24/08/2010	French	PDF
Full model	31/12/2008	11/06/2009	08/07/2009	French	PDF
Full model	31/12/2007	12/06/2008	01/07/2008	French	PDF
Full model	31/12/2006	15/06/2007	09/07/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
DELTA REFRIGERATION0478.086.967Represented by Philippe DOUIN	Managing director14/02/2024 → 21/06/2029
Jonas DOUIN	Director15/12/2023 → 21/06/2029
LXB MANAGEMENT0847.216.212Represented by Benoit LEVAUX	Director08/07/2020 → 21/06/2029
NOSHAQ0426.624.509Represented by Christine GERARDY	Director24/06/2004 → 21/06/2029

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Claude DOUIN	Managing director08/07/2020 → 2021 accounts
DELTA GROUP0885.817.262Represented by Philippe Douin	Director08/07/2020 → 2021 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Other10/07/2024
ASSEMBLEE GENERALE - ANNEE COMPTABLE
PDF
Mandates20/03/2024
DEMISSIONS, NOMINATIONS
PDF
Restructuring19/05/2023
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...) - CAPITAL, ACTIONS
PDF
Restructuring19/05/2023
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring01/03/2023
CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring01/03/2023
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Other16/12/2022
ASSEMBLEE GENERALE - ANNEE COMPTABLE
PDF
Mandates09/02/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DENOMINATION
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings19 filings

Mandates

DELTA REFRIGERATION

NOSHAQ

LXB MANAGEMENT

Jonas DOUIN

DELTA GROUP

Claude DOUIN

SOCIETE WALLONNE DE GESTION ET DE PARTICIPATIONS

Philippe DOUIN

DELTA MAINTENANCE

199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026202720282029

DTODELTA THERMIC

Rue d'Abhooz 23, 4040 Herstal

Managing director

Director

DirectorManaging director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue d'Abhooz 23, 4040 HerstalCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00311593

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
DTOCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00311593
DELTA THERMIC	accounts 2006 → 2020	Accounts 2020 · 2021-37500425

Events

2025
Annual accounts 202575,1 k €↓
2024
Annual accounts 2024761,9 k €↑
2023
Annual accounts 2023-3 M €↓
2021
Annual accounts 2021826,9 k €↑
2021
Name changeDTO
2020
Annual accounts 2020782,5 k €↑
2019
Annual accounts 2019702,5 k €↑
2018
Annual accounts 2018508,6 k €↑
2017
Annual accounts 2017186,6 k €↓
2016
Annual accounts 20167,3 M €↑
2015
Annual accounts 2015-4,1 M €↓
2014
Annual accounts 2014482,2 k €↑
2013
Annual accounts 201340 k €↓
2012
Annual accounts 201293,7 k €↓
2011
Annual accounts 20111,2 M €↑
2010
Annual accounts 2010297,1 k €↑
2009
Annual accounts 2009148,8 k €↑
2008
Annual accounts 2008146,9 k €↓
2007
Annual accounts 2007331,9 k €↑
2006
Annual accounts 200651,8 k €
16/03/1994
IncorporationPublic limited company

DTO

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline

Registered offices

Company names

Events