ACTIVE

REX HEATING

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Financial year 2025 · closed on 31/12/2025
Net result
88,1 k €
-8.0% YoY
Gross margin
345,9 k €
+16.6% YoY
Equity
74,8 k €
+4.3% YoY

What does REX HEATING do?

REX HEATING is a Public limited company incorporated in 2014. Its main activity is: Wholesale of hardware, plumbing and heating equipment and supplies. Its registered office is in Mechelen.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0548.991.096
Incorporation
26/03/2014
Legal form
Public limited company
Registered office
Leuvensesteenweg 412
2800 Mechelen · FlandreSee on map
Contributed capital
61 500,00 €
Latest accounts
31/12/2025
Activities (NACE)
46742Wholesale of hardware, plumbing and heating equipment and supplies· main46842Wholesale trade, except of motor vehicles and motorcycles43222Plumbing, heat and air-conditioning installation43222Plumbing, heat and air-conditioning installation43230Electrical, plumbing and other construction installation activities43291Other construction installation+2
Joint committees (2)
  • 14904
  • 200
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 11 financial years

20252024202320222021202020192018201720162015
Income statement
Gross margin345,9 k €296,6 k €240,5 k €239,7 k €256,1 k €344,8 k €170,1 k €142,6 k €163,7 k €151,5 k €270 k €
EBITDA75,2 k €81,4 k €30,5 k €16,4 k €14 k €189,2 k €87,1 k €87,6 k €120,6 k €98,2 k €92,2 k €
Operating result74,2 k €80,3 k €30 k €13,1 k €11,5 k €186,7 k €84,1 k €83,1 k €115,8 k €91,4 k €79,8 k €
Net result88,1 k €95,7 k €26,5 k €2,4 k €21,1 k €183,9 k €92,8 k €90,9 k €112,4 k €91,1 k €71,3 k €
Balance sheet
Equity74,8 k €71,7 k €66 k €64,5 k €62,1 k €61 k €27,1 k €24,3 k €23,4 k €22 k €20,9 k €
Total assets218,8 k €254,2 k €223,9 k €225,6 k €244,6 k €325,4 k €262,8 k €307,9 k €343 k €293,9 k €252,3 k €
Cash67,8 k €122,5 k €42,7 k €30,3 k €13 k €65,2 k €37,9 k €18 k €28,1 k €22,1 k €26,3 k €
Debts144 k €182,5 k €157,9 k €161,1 k €182,4 k €264,4 k €235,7 k €283,6 k €319,6 k €269,9 k €231,4 k €
Other
Workforce––––––––––1,7 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

SDC Group

Director · 0633.647.847

Represented by Sven De Coninck

Active

Ended mandates

SDC Group

Manager · since 08 juillet 2015 · 0633.647.847

Represented by Sven De Coninck

Ended
SDC Group

Director · 0633.647.847

Represented by Sven De Coninck

Ended
SDC Group

Manager · 0633.647.847

Represented by Sven De Coninck

Ended
SDC Group

Director · 0633.647.847

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date17/07/202630/07/202516/07/202420/07/202311/07/202202/08/2021
General meeting01/06/202602/06/202503/06/202405/06/202306/06/202230/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

11 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202501/06/202617/07/2026DutchPDF
Micro model31/12/202402/06/202530/07/2025DutchPDF
Micro model31/12/202303/06/202416/07/2024DutchPDF
Micro model31/12/202205/06/202320/07/2023DutchPDF
Micro model31/12/202106/06/202211/07/2022DutchPDF
Micro model31/12/202030/06/202102/08/2021DutchPDF
Micro model31/12/201923/06/202006/08/2020DutchPDF
Micro model31/12/201803/06/201929/07/2019DutchPDF
Micro model31/12/201704/06/201811/06/2018DutchPDF
Micro model31/12/201606/06/201721/09/2017DutchPDF
Abridged model31/12/201506/06/201604/07/2016DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

SDC Group

Director · 0633.647.847

Represented by Sven De Coninck

Active

Ended mandates

SDC Group

Manager · since 08 juillet 2015 · 0633.647.847

Represented by Sven De Coninck

Ended
SDC Group

Director · 0633.647.847

Represented by Sven De Coninck

Ended
SDC Group

Manager · 0633.647.847

Represented by Sven De Coninck

Ended
SDC Group

Director · 0633.647.847

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates08/03/2024
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM
    PDF
  • Mandates14/09/2015
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other09/04/2014
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 202588,1 k €↓
  2. 2024
    Annual accounts 202495,7 k €↑
  3. 2023
    Annual accounts 202326,5 k €↑
  4. 2022
    Annual accounts 20222,4 k €↓
  5. 2021
    Annual accounts 202121,1 k €↓
  6. 2020
    Annual accounts 2020183,9 k €↑
  7. 2019
    Annual accounts 201992,8 k €↑
  8. 2018
    Annual accounts 201890,9 k €↓
  9. 2017
    Annual accounts 2017112,4 k €↑
  10. 2016
    Annual accounts 201691,1 k €↑
  11. 2015
    Annual accounts 201571,3 k €
  12. 26/03/2014
    IncorporationPublic limited company