ACTIVE

HEAT WORKS

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Financial year 2025 · Closed on 31/12/2025

Net result30,9 k €+901,5 %over 1 year
Gross margin72,5 k €+36,8 %over 1 year
Equity109,8 k €+39,3 %over 1 year

Identity

Source · BCE/KBO

HEAT WORKS is a Private limited company incorporated in 2021. Its main activity is: Electrical installation. Its registered office is in Zaventem.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0774.893.111
Incorporation
01/10/2021
Legal form
Private limited company
Registered office
Excelsiorlaan 71
1930 Zaventem · FlandreSee on map
Contributed capital
1 000,00 €
Latest accounts
31/12/2025
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 3 filings

Trend over 3 financial years

202520242023
Income statement
Gross margin72,5 k €53 k €92 k €
EBITDA69,1 k €50,5 k €82,4 k €
Operating result57,5 k €17,2 k €48,1 k €
Net result30,9 k €3,1 k €47,7 k €
Balance sheet
Equity109,8 k €78,8 k €75,7 k €
Total assets466,4 k €404,4 k €325,5 k €
Cash280,3 k €147,2 k €126,3 k €
Debts356,7 k €325,6 k €249,8 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation

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Full financial information

Source · NBB
202520242023
Type of accountMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/2023
Closing of the financial year31/12/202531/12/202431/12/2023
Length of the financial year12 months12 months12 months
Filing date13/09/202630/09/202510/09/2024
General meeting13/09/202617/09/202505/06/2024
Currency of the financial yearEUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 3 filings
ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202513/09/202613/09/2026DutchPDF
Micro model31/12/202417/09/202530/09/2025DutchPDF
Micro model31/12/202305/06/202410/09/2024FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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.

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Registered office06/08/2024
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other05/10/2021
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

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 202530,9 k €↑
  2. 2024
    Annual accounts 20243,1 k €↓
  3. 2023
    Annual accounts 202347,7 k €
  4. 01/10/2021
    IncorporationPrivate limited company