ACTIVE

Heating Services

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Financial year 2025 · closed on 31/12/2025

Net result

230,8 k €

+442.2% YoY

Gross margin

585,1 k €

+125.0% YoY

Equity

388,1 k €

+4.5% YoY

What does Heating Services do?

Heating Services is a Private limited company incorporated in 2008. Its registered office is in Leopoldsburg.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0808.230.130

Incorporation

05/12/2008

Legal form

Private limited company

Registered office

Tunnelstraat 33 box 4
3970 Leopoldsburg · FlandreSee on map

Contributed capital

12 400,00 €

Latest accounts

31/12/2025

Joint committees (2)

124
12400

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 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	585,1 k €	+125%	260,1 k €	+19.8%	217 k €	+12.4%	193 k €	-20.1%	241,6 k €	+40.7%	171,7 k €	-9.0%	188,8 k €	+50.4%	125,5 k €	+35.7%	92,5 k €	-52.1%	192,9 k €	+39.2%	138,6 k €	+25.0%	110,8 k €	+43.7%	77,2 k €	+208%	25 k €	+56.6%	16 k €	-13.8%	18,5 k €	+145%	7,6 k €
EBITDA	367,8 k €	+274%	98,4 k €	-26.6%	134,2 k €	+102%	66,3 k €	-50.5%	134,1 k €	+28.7%	104,1 k €	+14.5%	91 k €	+22.6%	74,2 k €	+306%	18,3 k €	-44.5%	32,9 k €	+76.3%	18,7 k €	-42.3%	32,4 k €	+21.1%	26,7 k €	+114%	12,5 k €	-11.4%	14,1 k €	-13.5%	16,3 k €	+138%	6,8 k €
Operating result	328 k €	+481%	56,5 k €	-41.0%	95,7 k €	+132%	41,3 k €	-64.7%	116,8 k €	+28.1%	91,2 k €	+15.5%	78,9 k €	+25.2%	63 k €	+646%	8,5 k €	-48.4%	16,4 k €	+2064%	757 €	-95.4%	16,5 k €	+45.1%	11,4 k €	+193%	3,9 k €	-45.7%	7,2 k €	-28.5%	10 k €	+671%	1,3 k €
Net result	230,8 k €	+442%	42,6 k €	-39.7%	70,6 k €	+128%	30,9 k €	-66.0%	91 k €	+38.4%	65,8 k €	+16.9%	56,3 k €	+31.5%	42,8 k €	+1219%	3,2 k €	-61.4%	8,4 k €	+99.3%	4,2 k €	-64.8%	12 k €	+93.5%	6,2 k €	+232%	1,9 k €	+29.6%	1,4 k €	-78.1%	6,6 k €	+1831%	341,8 €
Balance sheet
Equity	388,1 k €	+4.5%	371,5 k €	-0.1%	371,7 k €	+15.8%	320,9 k €	+7.5%	298,4 k €	+43.9%	207,4 k €	+35.0%	153,6 k €	+56.6%	98,1 k €	+72.9%	56,7 k €	+6.1%	53,5 k €	+18.7%	45,1 k €	+10.3%	40,9 k €	+41.6%	28,9 k €	+27.4%	22,7 k €	+9.0%	20,8 k €	+7.5%	19,3 k €	+51.8%	12,7 k €
Total assets	689,5 k €	+48.4%	464,6 k €	-2.6%	477 k €	+8.6%	439,1 k €	+16.5%	376,8 k €	+58.6%	237,6 k €	+31.4%	180,8 k €	+4.8%	172,6 k €	+17.1%	147,3 k €	-7.0%	158,3 k €	-2.8%	163 k €	+17.1%	139,1 k €	+45.4%	95,7 k €	+37.5%	69,6 k €	-23.1%	90,5 k €	+19.9%	75,5 k €	+154%	29,7 k €
Cash	295,2 k €	+208%	95,9 k €	+209%	31,1 k €	-73.0%	115,3 k €	-24.3%	152,3 k €	+95.3%	78 k €	+60.6%	48,6 k €	+266%	13,3 k €	+81.3%	7,3 k €	-74.9%	29,2 k €	-6.7%	31,3 k €	+1.4%	30,9 k €	+30.1%	23,7 k €	-2.4%	24,3 k €	-44.3%	43,6 k €	+203%	14,4 k €	+187%	5 k €
Debts	301,3 k €	+224%	93,1 k €	-11.6%	105,3 k €	-10.8%	118,1 k €	+50.7%	78,4 k €	+159%	30,2 k €	+11.0%	27,2 k €	-63.0%	73,7 k €	-16.9%	88,6 k €	-13.6%	102,6 k €	-11.9%	116,4 k €	+19.0%	97,8 k €	+48.0%	66,1 k €	+40.8%	46,9 k €	-32.7%	69,8 k €	+24.2%	56,2 k €	+237%	16,7 k €
Other
Workforce	–		–		–		–		–		–		2,0 ETP	+25.0%	1,6 ETP	+23.1%	1,3 ETP	-56.7%	3,0 ETP	+25.0%	2,4 ETP	+41.2%	1,7 ETP	+70.0%	1,0 ETP	+233%	0,3 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 · 3 ended

Active mandates

Bart Willems

Director · since 24 novembre 2008

Active

Ended mandates

David Ceuppens

Manager · since 01 avril 2009 · until 31 décembre 2009

Ended

Bart Willems

Manager · since 24 novembre 2008

Ended

Bart Willems

Director

Ended

At this address

Other companies at this address

Company	CBE no.
Kloepoek● Active	0746.395.105
Vereniging van mede-eigenaars van BEDRIJVENPARK LEOPOLDSBURG● Active	0795.808.091

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	28/05/2026	28/04/2025	16/04/2024	11/04/2023	24/06/2022	21/06/2021
General meeting	26/05/2026	02/04/2025	31/03/2024	31/03/2023	17/06/2022	18/06/2021
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	26/05/2026	28/05/2026	Dutch	PDF
Micro model	31/12/2024	02/04/2025	28/04/2025	Dutch	PDF
Micro model	31/12/2023	31/03/2024	16/04/2024	Dutch	PDF
Micro model	31/12/2022	31/03/2023	11/04/2023	Dutch	PDF
Micro model	31/12/2021	17/06/2022	24/06/2022	Dutch	PDF
Micro model	31/12/2020	18/06/2021	21/06/2021	Dutch	PDF
Abridged model	31/12/2019	01/05/2020	28/05/2020	Dutch	PDF
Abridged model	31/12/2018	21/06/2019	27/06/2019	Dutch	PDF
Abridged model	31/12/2017	15/06/2018	18/06/2018	Dutch	PDF
Abridged model	31/12/2016	16/06/2017	26/06/2017	Dutch	PDF
Abridged model	31/12/2015	17/06/2016	30/08/2016	Dutch	PDF
Abridged model	31/12/2014	19/06/2015	10/07/2015	Dutch	PDF
Abridged model	31/12/2013	20/06/2014	01/07/2014	Dutch	PDF
Abridged model	31/12/2012	21/06/2013	28/06/2013	Dutch	PDF
Abridged model	31/12/2011	15/06/2012	18/06/2012	Dutch	PDF
Abridged model	31/12/2010	17/06/2011	30/06/2011	Dutch	PDF
Abridged model	31/12/2009	18/06/2010	30/06/2010	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 · 3 ended

Active mandates

Bart Willems

Director · since 24 novembre 2008

Active

Ended mandates

David Ceuppens

Manager · since 01 avril 2009 · until 31 décembre 2009

Ended

Bart Willems

Manager · since 24 novembre 2008

Ended

Bart Willems

Director

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office30/09/2024
MAATSCHAPPELIJKE ZETEL
PDF
Mandates13/04/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Registered office25/02/2015
MAATSCHAPPELIJKE ZETEL
PDF
Other12/07/2010
DOEL
PDF
Mandates10/02/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/08/2009
ONTSLAGEN - BENOEMINGEN
PDF
Other09/12/2008
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 2025230,8 k €↑
2024
Annual accounts 202442,6 k €↓
2023
Annual accounts 202370,6 k €↑
2022
Annual accounts 202230,9 k €↓
2021
Annual accounts 202191 k €↑
2020
Annual accounts 202065,8 k €↑
2019
Annual accounts 201956,3 k €↑
2018
Annual accounts 201842,8 k €↑
2017
Annual accounts 20173,2 k €↓
2016
Annual accounts 20168,4 k €↑
2015
Annual accounts 20154,2 k €↓
2014
Annual accounts 201412 k €↑
2013
Annual accounts 20136,2 k €↑
2012
Annual accounts 20121,9 k €↑
2011
Annual accounts 20111,4 k €↓
2010
Annual accounts 20106,6 k €↑
2009
Annual accounts 2009341,8 €
05/12/2008
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

Heating Services

Overview

What does Heating Services do?

Trend over 17 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