ACTIVE

HEATCO

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Financial year 2025 · closed on 31/12/2025

Net result

267,5 k €

-22.6% YoY

Gross margin

4,1 M €

+5.1% YoY

Equity

1,1 M €

0.0% YoY

Workforce

55,8 ETP

+5.1% YoY

What does HEATCO do?

HEATCO is a Private limited company incorporated in 2015. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Rotselaar. It employs on average 55,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0644.385.648

Incorporation

10/12/2015

Legal form

Private limited company

Registered office

Stationsstraat 216
3110 Rotselaar · FlandreSee on map

Contributed capital

100 000,00 €

Latest accounts

31/12/2025

Average workforce

55,8 ETP

Activities (NACE)

43222Plumbing, heat and air-conditioning installation· main 43222Plumbing, heat and air-conditioning installation 46742Wholesale of hardware, plumbing and heating equipment and supplies 46842Wholesale trade, except of motor vehicles and motorcycles 33110Repair of fabricated metal products 33110Repair of fabricated metal products+6

Joint committees (3)

124
14901
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 9 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017
Income statement
Gross margin	4,1 M €	+5.1%	3,9 M €	+1.5%	3,8 M €	+31.1%	2,9 M €	+40.5%	2,1 M €	+30.4%	1,6 M €	+4.5%	1,5 M €	+10.1%	1,4 M €	+90.7%	723,4 k €
EBITDA	377,6 k €	-24.5%	500,1 k €	-15.8%	593,7 k €	+25.3%	473,7 k €	+23.2%	384,5 k €	+44.2%	266,7 k €	-4.3%	278,6 k €	+52.8%	182,4 k €	+83.9%	99,2 k €
Operating result	351,4 k €	-25.6%	472,3 k €	-12.8%	541,7 k €	+23.2%	439,7 k €	+27.9%	343,9 k €	+59.1%	216,2 k €	-6.8%	232 k €	+59.2%	145,7 k €	+61.7%	90,1 k €
Net result	267,5 k €	-22.6%	345,5 k €	-12.9%	396,6 k €	+23.7%	320,7 k €	+27.0%	252,5 k €	+59.5%	158,3 k €	-0.0%	158,3 k €	+63.7%	96,7 k €	+74.8%	55,3 k €
Balance sheet
Equity	1,1 M €	0.0%	1,1 M €	+10.0%	1 M €	+25.0%	800 k €	+28.0%	625 k €	+25.0%	500 k €	+33.3%	375 k €	+40.8%	266,3 k €	+57.0%	169,6 k €
Total assets	2,8 M €	+3.5%	2,7 M €	-2.4%	2,7 M €	+15.8%	2,4 M €	+11.7%	2,1 M €	+52.6%	1,4 M €	+24.9%	1,1 M €	+17.7%	943,1 k €	+6.9%	881,9 k €
Cash	188 k €	+180%	67,2 k €	+20.7%	55,6 k €	-66.0%	163,8 k €	+5.5%	155,2 k €	+9.6%	141,6 k €	+2.6%	138,1 k €	+3.6%	133,2 k €	-4.5%	139,5 k €
Debts	1,7 M €	+6.0%	1,6 M €	-9.5%	1,7 M €	+11.2%	1,6 M €	+4.6%	1,5 M €	+68.5%	884,6 k €	+20.5%	734,4 k €	+8.5%	676,8 k €	-5.0%	712,2 k €
Other
Workforce	55,8 ETP	+5.1%	53,1 ETP	+6.4%	49,9 ETP	+25.4%	39,8 ETP	+30.9%	30,4 ETP	+16.9%	26,0 ETP	+22.1%	21,3 ETP	+5.4%	20,2 ETP	+64.2%	12,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

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

Active mandates

Lopa Management

Director · 0842.903.472

Represented by ROEL BUELENS

Active

Ended mandates

Lopa Management

Manager · 0842.903.472

Represented by ROEL BUELENS

Ended

At this address

Other companies at this address

Company	CBE no.
BERTON KOELTECHNIEK● Active	0446.508.816
Biomedico● Active	0793.472.767
BNS PROJECTEN● Active	0820.776.188
BULOPA● Active	0842.261.193
BUMACO KOELTECHNIEK● Active	0455.064.414
DE RIGO COOLING EQUIPMENT● Active	0739.785.544
Electrico● Active	0666.919.936
EVERGREEN● Active	0455.118.555
HERTVELDEN● Active	0897.084.902
HILUX● Active	0474.579.131
INFESTIM● Active	0445.280.874
INOX PLUS● Active	0842.169.242
JUFO● Active	0699.501.939
JUPILAR● Active	0633.834.622
KITCHCO● Active	0832.464.589
Lopa Management● Active	0842.903.472
Mertens-Ivomatec Kitchens● Active	1020.260.648
ROBANO● Active	0433.593.760
THE BUELENS● Active	1038.509.912
WING TOWER● Active	0508.651.766

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	26/02/2026	04/05/2025	29/03/2024	24/05/2023	13/05/2022	19/05/2021
General meeting	18/02/2026	30/04/2025	15/03/2024	23/05/2023	11/05/2022	19/05/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

10 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	18/02/2026	26/02/2026	Dutch	PDF
Abridged model	31/12/2024	30/04/2025	04/05/2025	Dutch	PDF
Abridged model	31/12/2023	15/03/2024	29/03/2024	Dutch	PDF
Abridged model	31/12/2022	23/05/2023	24/05/2023	Dutch	PDF
Abridged model	31/12/2021	11/05/2022	13/05/2022	Dutch	PDF
Abridged model	31/12/2020	19/05/2021	19/05/2021	Dutch	PDF
Abridged model	31/12/2019	20/04/2020	27/04/2020	Dutch	PDF
Abridged model	31/12/2018	15/03/2019	17/04/2019	Dutch	PDF
Abridged model	31/12/2017	16/03/2018	04/04/2018	Dutch	PDF
Abridged model	31/12/2016	17/02/2017	20/02/2017	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

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 · 1 ended

Active mandates

Lopa Management

Director · 0842.903.472

Represented by ROEL BUELENS

Active

Ended mandates

Lopa Management

Manager · 0842.903.472

Represented by ROEL BUELENS

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/09/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Other14/12/2015
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

2025
Annual accounts 2025267,5 k €↓
2024
Annual accounts 2024345,5 k €↓
2023
Annual accounts 2023396,6 k €↑
2022
Annual accounts 2022320,7 k €↑
2021
Annual accounts 2021252,5 k €↑
2020
Annual accounts 2020158,3 k €↓
2019
Annual accounts 2019158,3 k €↑
2018
Annual accounts 201896,7 k €↑
2017
Annual accounts 201755,3 k €
10/12/2015
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

HEATCO

Overview

What does HEATCO do?

Trend over 9 financial years

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