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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
58 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
RESEAU DE CHALEUR PLEIADES from Liège, company number BE0827367735, closed financial year 2025 with a result of € -207,060 after tax. For that financial year RESEAU DE CHALEUR PLEIADES recorded a gross margin of € -31,631 and equity of € -833,753. Compared with financial year 2024, the result moved from € -174,196 to € -207,060. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 28, 2026.
€ -833,753
▼ € 229,474 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -207,060
▼ 19 % more loss than in 2024
Profit after tax over the fiscal year.
€ 11,734
▲ 29% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -912,148.
People and assets in 2025
€ 49,293
▼ 1% 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 111,766
▼ 27% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 10,533
▲ 86% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 212,533 | - | |
| Gross margin | € 220,735 | € 3,353 | € -5,712 | € -31,631 | ▼ € 25,919 |
| Profit after taxes | € 57,967 | € -161,863 | € -174,196 | € -207,060 | ▼ € 32,863 |
| Equity | € -223,391 | € -407,668 | € -604,279 | € -833,753 | ▼ € 229,474 |
| Total debts | € 1,231,408 | € 1,188,764 | € 1,338,835 | € 1,450,436 | ▲ 8% |
| Cash | € 75,044 | € 47,221 | € 9,074 | € 11,734 | ▲ 29% |
| Retained profit | € -369,028 | € -530,891 | € -705,088 | € -912,148 | ▼ € 207,060 |
| Bank debt | € 1,131,001 | € 1,153,872 | € 0 | € 0 | |
| Balance sheet total | € 1,008,017 | € 781,096 | € 734,556 | € 616,683 | ▼ 16% |
| Employees (FTE) | 1 | 1 | 1 | - |
Key figures of RESEAU DE CHALEUR PLEIADES, 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 RESEAU DE CHALEUR PLEIADES?
What happened at RESEAU DE CHALEUR PLEIADES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- FLORENT MINGUET stepped down as director. NBB
- INVEST MINGUET GESTION SA stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 207,060. filed late Source: NBB ↗
- FLORENT MINGUET became a director. NBB
- INVEST MINGUET GESTION SA became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Liège. KBO
In short
From € 57,967 profit in 2022 to € 207,060 loss in 2025.
Paid € 475 in corporate taxes since 2022.
Best year ever: 2022, with € 57,967 profit.
On average € 3,400 of value added per employee in 2023.
A new publication or filing at RESEAU DE CHALEUR PLEIADES? We notify you, reason included.
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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
The stake of Invest Minguet Gestion comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
RESEAU DE CHALEUR PLEIADESThe shares are held by Invest Minguet Gestion (100%).
Directors
According to the 2025 annual accounts
FLORENT MINGUET
Director
Also active at: ALL THERMIC SOLUTIONS, Invest Minguet Gestion, CHEVALIER, Systèmes Photovoltaïques Wallons, ATHENA HMW, LES VILLAS DE BALMORAL, EVO-Sun, MABOTTE +30 more
since 2020 · until 2026
Managing director · represented by Laurent MINGUET
Also active at: LE CYGNE BLANC, ALL THERMIC SOLUTIONS, MARTINE & Co, LES VILLAS DE BALMORAL, FLY WIN, NEXT ENERGY, FLERON CONSTRUCT, HOLDING MINGUET MORTIER +10 more
since 2020 · until 2026
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Natalis 2
4020 Liège
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 58 companies are registered at this address.
All companies at this address →ALL THERMIC SOLUTIONS same network
€ 711,106 revenue · 2024
Invest Minguet Gestion same network
€ 827,890 revenue · 2024
CHEVALIER same network
€ -1,619 gross margin · 2025
SYSTÈMES PHOTOVOLTAÏQUES
€ 25,497 gross margin · 2025
Systèmes Photovoltaïques Wallons same network
€ 1.9 million gross margin · 2025
+53 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
- 0827.367.735
- VAT number
- BE 0827.367.735
- Registered office
- Rue Natalis 2, 4020 Liège
- Names & denominations
- RESEAU DE CHALEUR PLEIADES
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 June 2010
- Peppol
- Active · Active since 20 Nov 2020
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