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 64 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Pays Chauffage from Waterloo, company number BE0431376123, closed financial year 2025 with a result of € 71,664 after tax. For that financial year Pays Chauffage recorded a gross margin of € 413,429 and equity of € 76,898. Compared with financial year 2024, the result moved from € 68,391 to € 71,664. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 20, 2026.
€ 76,898
▲ 38% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 71,664
▲ 5% vs 2024
Profit after tax over the fiscal year.
€ 600
▲ 11% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 50,665 paid out
71 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 285,383
▲ 2% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 54,373
▼ 38% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 47,348
▼ 54% vs 2024
€ 23,617 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 52,894
▲ 46% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 27,975
▼ 51% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 283,919 | € 386,692 | € 414,300 | € 413,429 | |
| Profit after taxes | € -1,906 | € 56,166 | € 68,391 | € 71,664 | ▲ 5% |
| Equity | € 45,931 | € 55,827 | € 55,899 | € 76,898 | ▲ 38% |
| Total debts | € 200,664 | € 214,699 | € 196,805 | € 128,221 | ▼ 35% |
| Cash | € 2,392 | € 2,656 | € 538 | € 600 | ▲ 11% |
| Land & buildings | € 54,500 | € 54,500 | € 54,500 | € 54,500 | |
| Retained profit | € 8,210 | € 18,106 | € 18,178 | € 39,177 | ▲ 116% |
| Dividend | € 0 | € 46,270 | € 68,320 | € 50,665 | ▼ 26% |
| Bank debt | € 120,515 | € 110,153 | € 102,149 | € 47,348 | ▼ 54% |
| Balance sheet total | € 246,596 | € 270,527 | € 252,703 | € 205,119 | ▼ 19% |
Key figures of Pays Chauffage, 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 Pays Chauffage?
What happened at Pays Chauffage in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 71,664 (▲ 5% vs 2024). Source: NBB ↗
- New establishment in Waterloo. KBO
- Start of the company according to the CBE. KBO
In short
From € 1,906 loss in 2022 to € 71,664 profit in 2025.
Paid € 60,966 in corporate taxes since 2022.
Best year ever: 2025, with € 71,664 profit.
Paid out € 165,255 in dividends to the owners in total.
Establishments
Establishment units
Physical locations of this company
Rue Dury (Emile) 82
1410 Waterloo
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
UPCLOUD, FI
DNS
OVH DNS
Website info
Features
Security
Details
- Company number
- 0431.376.123
- VAT number
- BE 0431.376.123
- Registered office
- Rue Dury (Emile) 82, 1410 Waterloo
- Names & denominations
- Pays Chauffage
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 June 1987
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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