ACTIVE

HEAT SWITCH

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Financial year 2025 · closed on 31/12/2025
Net result
-121,5 k €
-250.7% YoY
Gross margin
224,8 k €
-55.8% YoY
Equity
207,6 k €
-36.9% YoY
Workforce
4,6 ETP
-27.0% YoY

What does HEAT SWITCH do?

HEAT SWITCH is a Private limited company incorporated in 2010. Its main activity is: Electrical installation. Its registered office is in Melle. It employs on average 4,6 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0826.717.439
Incorporation
17/06/2010
Legal form
Private limited company
Registered office
Brusselsesteenweg 58-60
9090 Melle · FlandreSee on map
Contributed capital
18 550,00 €
Latest accounts
31/12/2025
Average workforce
4,6 ETP
Activities (NACE)
43211Electrical installation· main43211Electrical installation47540Retail sale of electrical household appliances in specialised stores47540Retail sale of electrical household appliances in specialised stores
Joint committees (4)
  • 124
  • 1240
  • 200
  • 2000
Signals
Solid equityLow riskGood liquidityHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 13 financial years

2025202420232022201920182017201620152014201320122011
Income statement
Gross margin224,8 k €508,6 k €497,4 k €462,7 k €273,6 k €155 k €133,9 k €106,3 k €78,4 k €26,1 k €160,9 k €368,6 k €41,7 k €
EBITDA-88,3 k €128,9 k €35,2 k €-3,3 k €195,4 k €100,2 k €88,5 k €100,8 k €73,9 k €24 k €157,2 k €367,5 k €40,8 k €
Operating result-118,5 k €101,3 k €8,6 k €-48,5 k €139,3 k €39,9 k €41,4 k €59,1 k €16,1 k €-37,6 k €48,8 k €321,9 k €13,2 k €
Net result-121,5 k €80,6 k €6,4 k €-54,9 k €90,6 k €18,6 k €15,7 k €45,1 k €4,4 k €-51,5 k €36,3 k €206,9 k €7 k €
Balance sheet
Equity207,6 k €329 k €248,4 k €242 k €216,6 k €270,1 k €251,5 k €235,7 k €190,6 k €186,3 k €252,7 k €232,4 k €25,5 k €
Total assets564,3 k €620,9 k €840,1 k €721,2 k €761,9 k €672 k €683,9 k €684 k €652,8 k €686,9 k €818,8 k €691,5 k €333,1 k €
Cash190 k €112,5 k €87 k €40 k €282,4 k €205,9 k €210,4 k €170,8 k €156,5 k €138,8 k €256,8 k €421,7 k €153,8 k €
Debts356,8 k €291,9 k €591,7 k €479,1 k €540,1 k €400,8 k €432,1 k €447,9 k €461,6 k €492,3 k €561,8 k €458,3 k €307,2 k €
Other
Workforce4,6 ETP6,3 ETP7,4 ETP5,3 ETP1,7 ETP––––––––
Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 6 ended

Active mandates

ECO HEATING

Director · 0893.919.633

Represented by Danny De Sutter

Active

Ended mandates

ECO HEATING

Director · 0893.919.633

Represented by De SUTTER DANNY

Ended
FRANK VAN NESTE

Manager

Ended
MAARTEN VAN NESTE

Manager

Ended
Sofie Geldhof

Manager

Ended
At this address

Other companies at this address

CompanyCBE no.
DT - BUILDING● Active
0682.651.455
ECO HEATING● Active
0893.919.633
New Energy Solutions Invest● Active
0541.477.457
SANI HEATING● Active
0441.094.038
THERMODRILL● Active
0898.983.330
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/04/202101/04/202001/04/2019
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/03/202131/03/2020
Length of the financial year12 months12 months12 months21 months12 months12 months
Filing date08/07/202619/06/202508/07/202431/08/202302/11/202130/11/2020
General meeting05/06/202606/06/202506/06/202402/06/202303/09/202104/09/2020
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

15 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202505/06/202608/07/2026DutchPDF
Abridged model31/12/202406/06/202519/06/2025DutchPDF
Abridged model31/12/202306/06/202408/07/2024DutchPDF
Abridged model31/12/202202/06/202331/08/2023DutchPDF
Abridged model31/03/202103/09/202102/11/2021DutchPDF
Abridged model31/03/202004/09/202030/11/2020DutchPDF
Abridged model31/03/201908/10/201910/10/2019DutchPDF
Micro model31/03/201819/09/201821/09/2018DutchPDF
Micro model31/03/201719/09/201729/09/2017DutchPDF
Abridged model31/03/201626/09/201629/09/2016DutchPDF
Abridged model31/03/201529/09/201530/09/2015DutchPDF
Abridged model31/03/201412/11/201425/11/2014DutchPDF
Abridged model31/03/201314/11/201322/11/2013DutchPDF
Abridged model31/03/201212/12/201221/12/2012DutchPDF
Abridged model31/03/201124/11/201122/12/2011DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 · 6 ended

Active mandates

ECO HEATING

Director · 0893.919.633

Represented by Danny De Sutter

Active

Ended mandates

ECO HEATING

Director · 0893.919.633

Represented by De SUTTER DANNY

Ended
FRANK VAN NESTE

Manager

Ended
MAARTEN VAN NESTE

Manager

Ended
Sofie Geldhof

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other09/09/2025
    BENAMING - DOEL
    PDF
  • Mandates20/12/2021
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Mandates05/05/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares18/10/2018
    KAPITAAL - AANDELEN
    PDF
  • Mandates22/10/2014
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares28/04/2014
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Registered office23/07/2013
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates30/05/2012
    ONTSLAGEN - BENOEMINGEN
    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 2025-121,5 k €↓
  2. 2025
    Name changeHeat Switch
  3. 2024
    Annual accounts 202480,6 k €↑
  4. 2023
    Annual accounts 20236,4 k €↑
  5. 2022
    Annual accounts 2022-54,9 k €↓
  6. 2019
    Annual accounts 201990,6 k €↑
  7. 2018
    Annual accounts 201818,6 k €↑
  8. 2017
    Annual accounts 201715,7 k €↓
  9. 2016
    Annual accounts 201645,1 k €↑
  10. 2015
    Annual accounts 20154,4 k €↑
  11. 2014
    Annual accounts 2014-51,5 k €↓
  12. 2013
    Annual accounts 201336,3 k €↓
  13. 2012
    Annual accounts 2012206,9 k €↑
  14. 2011
    Annual accounts 20117 k €
  15. 2011
    Name changeVan Neste
  16. 17/06/2010
    IncorporationPrivate limited company