Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
EUROPEAN HEAT PUMP ASSOCIATION from Brussel, company number BE0599823551, closed financial year 2025 with a result of € -363,298 after tax. For that financial year EUROPEAN HEAT PUMP ASSOCIATION recorded revenue of € 3.3 million and equity of € 662,221. Compared with financial year 2024, the result moved from € -147,973 to € -363,298. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 22, 2026.
€ 662,221
▼ 35% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -363,298
▼ 146 % more loss than in 2024
Profit after tax over the fiscal year.
€ 935,033
▼ 18% vs 2024
Cash and bank balances on the last day of the fiscal year.
People and assets in 2025
34.5
▲ 8.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.5 million
▲ 41% vs 2024
€ 71,100 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.
€ 154,388
▼ 8% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 326,884
▲ 5% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 302,679
▲ 25% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | - | € 3,285,889 | |
| Gross margin | € 881,419 | € 1,270,723 | € 1,705,900 | € 2,261,705 | ▲ 33% |
| Profit after taxes | € 228,738 | € 194,245 | € -147,973 | € -363,298 | ▼ € 215,325 |
| Equity | € 979,247 | € 1,173,492 | € 1,025,519 | € 662,221 | ▼ 35% |
| Total debts | € 1,642,944 | € 2,733,722 | € 2,766,742 | € 3,678,530 | ▲ 33% |
| Cash | € 1,261,212 | € 1,377,276 | € 1,144,071 | € 935,033 | ▼ 18% |
| Retained profit | € 979,247 | € 1,173,492 | € 1,025,519 | € 662,221 | ▼ 35% |
| Balance sheet total | € 2,622,191 | € 3,907,214 | € 3,792,261 | € 4,340,752 | ▲ 14% |
| Employees (FTE) | 10.9 | 17.3 | 26.1 | 34.5 | ▲ 8.4 |
Key figures of EUROPEAN HEAT PUMP ASSOCIATION, 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 EUROPEAN HEAT PUMP ASSOCIATION?
What happened at EUROPEAN HEAT PUMP ASSOCIATION in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 363,298. Source: NBB ↗
- Laure Meljac stepped down as director. NBB
- Thomas Fleckl stepped down as director. NBB
- Thomas Nowak stepped down as director. NBB
- Marta San Roman stepped down as director. NBB
- Jussi Hirvonen stepped down as director. NBB
- Marek Miara stepped down as director. NBB
- Rowena Rodrigues stepped down as director. NBB
In short
From € 228,738 profit in 2022 to € 363,298 loss in 2025.
Paid € 413 in corporate taxes since 2022.
Best year ever: 2022, with € 228,738 profit.
On average € 65,600 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind EUROPEAN HEAT PUMP ASSOCIATION is Paul Kenny.
Directors
According to the 2025 annual accounts
Paul Kenny
Personne chargée de la gestion journalière
since 2024
Laure Meljac
Director
since 2024 · until 2026
Thomas Fleckl
Director
since 2024 · until 2026
Thomas Nowak
Director
since 2024 · until 2026
Marta San Roman
Director
since 2024 · until 2026
Dina Köpke
Director
since 2024 · until 2025
Jussi Hirvonen
Director
since 2025 · until 2026
Marek Miara
Director
since 2024 · until 2026
Rowena Rodrigues
Director
since 2024 · until 2026
Barbara Priesching
Director
since 2024 · until 2026
Valérie Laplagne
Director
since 2024 · until 2026
Patrick Crombez
Chairman of the board
since 2024 · until 2026
Andrea Voigt
Director
since 2024 · until 2026
Malgorzata Smuczynska
Director
since 2024 · until 2026
Enrique Vilamitjana Perez
Director
since 2024 · until 2026
Johannes Brugmann
Director
since 2024 · until 2026
Hauke Hagen
Director
since 2024 · until 2026
Establishments
Establishment units
Physical locations of this company
Kortenberglaan 120
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
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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
MICROSOFT-CORP-MSN-AS-BLOCK - Microsoft Corporation, US
DNS
OVH DNS
Domain
Domain
ehpa.org
Registered
2000-05-04
Registrar
OVH sas
Expires
2027-05-04
Website info
Features
Security
Details
- Company number
- 0599.823.551
- VAT number
- BE 0599.823.551
- Registered office
- Kortenberglaan 120, 1000 Brussel
- Names & denominations
- EUROPEAN HEAT PUMP ASSOCIATION · EHPA
- Enterprise type
- Rechtspersoon
- Legal form
- International non-profit association
- Legal situation
- Normale toestand
- Start date
- 2 March 2015
- Peppol
- Active · Active since 13 Feb 2024
- Contact
- ehpa.org
- Activities · NACE
Activiteiten van bedrijfs- en werkgeversorganisaties
Overig speur- en ontwikkelingswerk op natuurwetenschappelijk gebied
Overig speur- en ontwikkelingswerk op natuurwetenschappelijk gebied