ACTIVE

Apply Heating

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Financial year 2025 · closed on 31/12/2025
Net result
297,8 k €
+9.7% YoY
Gross margin
1,2 M €
+59.0% YoY
Equity
1,1 M €
+36.8% YoY
Workforce
11,0 ETP
+189.5% YoY

What does Apply Heating do?

Apply Heating is a Private limited company incorporated in 2022. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Aalst. It employs on average 11,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0795.216.985
Incorporation
22/12/2022
Legal form
Private limited company
Registered office
Moorselbaan 316
9300 Aalst · FlandreSee on map
Latest accounts
31/12/2025
Average workforce
11,0 ETP
Activities (NACE)
43222Plumbing, heat and air-conditioning installation· main43222Plumbing, heat and air-conditioning installation43221Plumbing, heat and air-conditioning installation43221Plumbing, heat and air-conditioning installation43230Electrical, plumbing and other construction installation activities43291Other construction installation
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 3 financial years

202520242023
Income statement
Gross margin1,2 M €725,3 k €636,5 k €
EBITDA480 k €464 k €517,4 k €
Operating result431,4 k €424,3 k €480,8 k €
Net result297,8 k €271,4 k €348,6 k €
Balance sheet
Equity1,1 M €809,2 k €537,9 k €
Total assets2,3 M €1,8 M €1,9 M €
Cash19,5 k €56,5 k €194,2 k €
Debts1,2 M €1 M €1,3 M €
Other
Workforce11,0 ETP3,8 ETP2,3 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 · 2 active

Active mandates

ME Consulting

Director · 0761.959.348

Represented by Emanuel Munteanu

Active
Ostia Management

Director · 0761.959.249

Represented by Iselin Lozoveanu

Active
Annual accounts

Full financial information

202520242023
Type of accountAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202422/12/2022
Closing of the financial year31/12/202531/12/202431/12/2023
Length of the financial year12 months12 months13 months
Filing date12/08/202629/08/202505/06/2024
General meeting20/06/202621/06/202522/05/2024
Currency of the financial yearEUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

3 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202520/06/202612/08/2026DutchPDF
Abridged model31/12/202421/06/202529/08/2025DutchPDF
Abridged model31/12/202322/05/202405/06/2024DutchPDF
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 · 2 active

Active mandates

ME Consulting

Director · 0761.959.348

Represented by Emanuel Munteanu

Active
Ostia Management

Director · 0761.959.249

Represented by Iselin Lozoveanu

Active
Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office20/10/2023
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other27/12/2022
    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 2025297,8 k €↑
  2. 2024
    Annual accounts 2024271,4 k €↓
  3. 2023
    Annual accounts 2023348,6 k €
  4. 22/12/2022
    IncorporationPrivate limited company