Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 43 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Heating Management Services from Nazareth-De Pinte, company number BE0405527603, closed financial year 2025 with a result of € 35,033 after tax. For that financial year Heating Management Services recorded a gross margin of € 602,405 and equity of € 78,538. Compared with financial year 2024, the result moved from € -215,467 to € 35,033. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 13, 2026.
€ 78,538
▲ € 235,033 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 35,033
▲ still € 215,467 loss in 2024
Profit after tax over the fiscal year.
€ 56,174
▲ 21% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -490,191.
People and assets in 2025
3.7
▲ 1.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 271,155
▲ 56% vs 2024
€ 73,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 102,244
▼ 20% vs 2024
Of which on lease € 102,090.
Debts at end 2025
€ 1.3 million
▲ € 1 million vs 2024
€ 268,591 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 1.2 million
▼ 9% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 73,431
▲ 194% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -70,498 | € -1,156 | € 153,213 | € 602,405 | ▲ 293% |
| Profit after taxes | € -271,633 | € -295,388 | € -215,467 | € 35,033 | ▲ € 250,500 |
| Equity | € 4,224 | € 58,973 | € -156,495 | € 78,538 | ▲ € 235,033 |
| Total debts | € 1,163,643 | € 1,410,791 | € 1,898,993 | € 3,171,203 | ▲ 67% |
| Cash | € 106,656 | € 247,775 | € 46,516 | € 56,174 | ▲ 21% |
| Retained profit | € -14,368 | € -309,756 | € -525,223 | € -490,191 | ▲ € 35,033 |
| Bank debt | € 211,294 | € 268,638 | € 252,387 | € 1,285,017 | ▲ € 1 million |
| Balance sheet total | € 1,167,867 | € 1,469,764 | € 1,742,499 | € 3,249,741 | ▲ 86% |
| Employees (FTE) | 1 | 1.7 | 2.4 | 3.7 | ▲ 1.3 |
Key figures of Heating Management Services, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Heating Management Services?
What happened at Heating Management Services in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 35,033. filed late Source: NBB ↗
- Stijn DE VOS became a director. NBB
- DE VOS PERAZO NV became a director. NBB
- VAN MARCKE TRADING GROUP NV became a director. NBB
- CAVM BV became a director. NBB
- New establishment in Nazareth-De Pinte. KBO
- Start of the company according to the CBE. KBO
In short
From € 271,633 loss in 2022 to € 35,033 profit in 2025.
Paid € 1,184 in corporate taxes since 2022.
Best year ever: 2025, with € 35,033 profit.
On average € 162,800 of value added per employee in 2025.
Management
The stake of CARLENCO, DE VOS PERAZO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Heating Management ServicesBehind Heating Management Services are VAN MARCKE TRADING GROUP NV, Stijn DE VOS, CAVM BV and DE VOS PERAZO NV. The shares are held by CARLENCO (51%) and DE VOS PERAZO (49%).
Directors
According to the 2025 annual accounts
Director · represented by Patrick VAN LEYNSEELE
since 2023
since 2025
Chairman of the board · represented by Caroline VAN MARCKE
Also active at: INTERNATIONAL ROOFING CY, KNOHOPACK, TER DOENAERT, INTERNATIONAL SANITARY WARE - MANUFACTURING CY., Van Marcke Distribution, NORM, IMMOBILIERE HERMANT, VAN MARCKE TRADING GROUP +18 more
since 2023
Managing director · represented by Marcus DE VOS
Also active at: KLIMA + HVAC, CV KEERMAN
since 2025
Shareholders
51%
49%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Begoniastraat 14
9810 Nazareth-De Pinte
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →KLIMA+ Groep same network
€ 251,970 gross margin · 2025
CV KEERMAN same network
€ -1,019 gross margin · 2025
De Vos Brandstoffen same network
€ -869 gross margin · 2025
KLIMA+ SERVICE
€ -792 gross margin · 2025
DE VOS PERAZO same network
€ 189,025 gross margin · 2025
+2 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0405.527.603
- VAT number
- BE 0405.527.603
- Registered office
- Begoniastraat 14, 9810 Nazareth-De Pinte
- Names & denominations
- Heating Management Services · HMS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 June 1939
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Activiteiten van holdings
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed
Holdings
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis