NORMAL SITUATION

Earth Heating Systems

Financial year 2021 · closed on 31/12/2021
Net result
10,4 k €
+746.6% YoY
Gross margin
17,4 k €
+1701.9% YoY
Equity
6,3 k €
+250.0% YoY

Company — Normal situation.

What does Earth Heating Systems do?

Earth Heating Systems is a company registered in Belgium.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0628.796.560
Legal form
Private company with limited liability
Contributed capital
25 000,00 €
Latest accounts
31/12/2021
Joint committees (2)
  • 124
  • 200
Signals
Profitable
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 6 financial years

202120202019201820172016
Income statement
Gross margin17,4 k €-1,1 k €-35,5 k €160,5 k €189,7 k €117,1 k €
EBITDA-2,5 k €-1,5 k €-36,8 k €51,5 k €45,1 k €14,5 k €
Operating result10,7 k €-1,5 k €-36,2 k €17 k €3,7 k €743,9 €
Net result10,4 k €-1,6 k €-36,6 k €7,1 k €797,4 €1,1 k €
Balance sheet
Equity6,3 k €-4,2 k €-2,6 k €34 k €26,9 k €26,1 k €
Total assets93,2 k €83,1 k €95,4 k €160,8 k €235,3 k €98,9 k €
Cash60,6 k €423,1 €10,9 k €45,2 k €63,9 k €34,2 k €
Debts86,9 k €87,3 k €97,9 k €126,8 k €208,4 k €72,8 k €
Other
Workforce1,8 ETP
Governance

Board of directors

Seen on filing of 31/12/2021 · 1 active · 1 ended

Active mandates

Marijke Vanneste

Director

Active

Ended mandates

Marijke Vanneste

Manager

Ended
Annual accounts

Full financial information

202120202019201820172016
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelAbridged model
Start of the financial year01/01/202101/01/202001/01/201901/07/201701/07/201622/04/2015
Closing of the financial year31/12/202131/12/202031/12/201931/12/201830/06/201730/06/2016
Length of the financial year12 months12 months12 months18 months12 months15 months
Filing date11/04/202212/07/202102/07/202005/07/201922/01/201831/01/2017
General meeting11/03/202225/06/202126/06/202028/06/201930/12/201730/12/2016
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

6 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202111/03/202211/04/2022DutchPDF
Micro model31/12/202025/06/202112/07/2021DutchPDF
Micro model31/12/201926/06/202002/07/2020DutchPDF
Micro model31/12/201828/06/201905/07/2019DutchPDF
Micro model30/06/201730/12/201722/01/2018DutchPDF
Abridged model30/06/201630/12/201631/01/2017DutchPDF
Estimate

Indicative valuation

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 31/12/2021 · 1 active · 1 ended

Active mandates

Marijke Vanneste

Director

Active

Ended mandates

Marijke Vanneste

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Dissolution26/04/2022
    RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ...
    PDF
  • Registered office08/11/2021
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other03/07/2018
    ALGEMENE VERGADERING - BOEKJAAR
    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. 2021
    Annual accounts 202110,4 k €
  2. 2020
    Annual accounts 2020-1,6 k €
  3. 2019
    Annual accounts 2019-36,6 k €
  4. 2018
    Annual accounts 20187,1 k €
  5. 2017
    Annual accounts 2017797,4 €
  6. 2016
    Annual accounts 20161,1 k €