MICROTHERM
ActiveSummary
MICROTHERM has been active since 1970 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9.61M and a net result of €-476k. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 64% of 285 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability48▼-26
Solvency81▲+12
Growth42▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €650k at 30 days acceptable
Liquidity ample (current ratio 3.18 against 1.97 in 2024; short-term debt: 22.3% and cash: 0% of total assets), and 43.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
56.2%
Return on assets
-2.8%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 23
Relative position
BE, all sectors
reference
Sector 23
lower
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
44 d early
2023
48 d early
2022
48 d early
2021
60 d early
2020
53 d early
2019
65 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€19.04M▼ 39.2%
2024 · €31.32M
2018: €24.25M
2019: €27.82M
2020: €18.62M
2021: €23.98M
2022: €25.57M
2023: €26.78M
2024: €31.32M
2018 → 2025
EBIT margin
-1.2%▼ 8.6pp
2024 · 7.5%
2018: -0.9%
2019: 3.0%
2020: -41.0%
2021: 14.4%
2022: -7.8%
2023: 0.7%
2024: 7.5%
2018 → 2025
Net result
€-476k
2024 · €1.88M
2018: €-296k
2019: €725k
2020: €-7.78M
2021: €3.40M
2022: €-2.06M
2023: €-41k
2024: €1.88M
2018 → 2025
Working capital
€8.31M▼ 1.1%
2024 · €8.41M
2018: €2.66M
2019: €3.16M
2020: €6.41M
2021: €8.30M
2022: €6.15M
2023: €6.92M
2024: €8.41M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€23.98M-€25.57M▲ 6.6%€26.78M▲ 4.7%€31.32M▲ 17.0%€19.04M▼ 39.2%
Equity€10.30M-€8.24M▼ 20.0%€8.20M▼ 0.5%€10.08M▲ 23.0%€9.61M▼ 4.7%
Operating result€3.45M-€-1.99M€177k€2.35M▲ 1,224%€-220k
Net result€3.40M-€-2.06M€-41k▲ 98.0%€1.88M€-476k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €220k after €2.35M in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €17.10M
Fixed assets
€4.98M ▼ 10.8%
Current assets
€12.12M ▼ 29.2%
Equity and liabilities €17.10M
Equity
€9.61M ▼ 4.7%
Provisions
€57k ▼ 81.0%
Debt
€7.44M ▼ 39.6%
Debt's share of the balance-sheet total falls from 54.3% to 43.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€674k▼
2024 · €3.46M
Cash flow
€418k▼
2024 · €3.00M
Current ratio
3.18▲
2024 · 1.97
Quick ratio
1.96▲
2024 · 1.42
Debt to equity
0.77▼
2024 · 1.22
ROE
-5.0%▼
2024 · 18.7%
ROA
-2.8%▼
2024 · 8.3%
Interest coverage
4.81▼
2024 · 17.09
Debt ≤ 1 year
€3.81M▼
2024 · €8.71M
Debt > 1 year
€3.50M=
2024 · €3.50M
Income taxes
€227k▼
2024 · €437k
Staff costs
€11.20M▼
2024 · €12.17M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 91 lines
Balance sheet
Code20242025
Assets
Total assets20/58€22.69M€17.10M▼
Fixed assets21/28€5.58M€4.98M▼
Intangible fixed assets21€166k€75k▼
Tangible fixed assets22/27€5.42M€4.91M▼
Land and buildings22€1.21M€1.13M▼
Plant, machinery and equipment23€3.07M€3.48M▲
Furniture and vehicles24€77k€57k▼
Other tangible fixed assets26€38k€34k▼
Assets under construction and advance payments27€1.02M€213k▼
Financial fixed assets28€199€199=
Other financial fixed assets284/8€199€199=
Amounts receivable and cash guarantees285/8€199€199=
Current assets29/58€17.11M€12.12M▼
Stocks and contracts in progress3€4.76M€4.66M▼
Stocks30/36€4.76M€4.66M▼
Raw materials and consumables30/31€2.63M€2.88M▲
Work in progress32€657k€343k▼
Finished goods33€1.45M€1.40M▼
Goods purchased for resale34€30k€39k▲
Amounts receivable within one year40/41€12.30M€7.44M▼
Trade receivables40€1.77M€2.86M▲
Other amounts receivable41€10.53M€4.58M▼
Cash at bank and in hand54/58€1k€2k▲
Deferred charges and accrued income490/1€53k€11k▼
Equity and liabilities
Total equity and liabilities10/49€22.69M€17.10M▼
Equity10/15€10.08M€9.61M▼
Contributions10/11€5.43M€5.43M=
Capital10€5.35M€5.35M=
Issued capital100€5.35M€5.35M=
Outside capital11€87k€87k=
Share premium1100/10€87k€87k=
Reserves13€2.90M€2.90M=
Non-distributable reserves130/1€308k€308k=
Legal reserve130€297k€297k=
Reserves not available under the articles1311€11k€11k=
Tax-exempt reserves132€81k€81k=
Distributable reserves133€2.51M€2.51M=
Profit (loss) carried forward14€1.75M€1.28M▼
Provisions and deferred taxes16€300k€57k▼
Provisions for liabilities and charges160/5€300k€57k▼
Pensions and similar obligations160€15k€14k▼
Other liabilities and charges164/5€285k€43k▼
Amounts payable17/49€12.31M€7.44M▼
Amounts payable after more than one year17€3.50M€3.50M=
Financial debts170/4€3.50M€3.50M=
Other loans174€3.50M€3.50M=
Amounts payable within one year42/48€8.71M€3.81M▼
Trade debts44€6.23M€1.37M▼
Suppliers440/4€6.23M€1.37M▼
Taxes, remuneration and social security45€2.45M€2.39M▼
Taxes450/3€444k€571k▲
Remuneration and social security454/9€2.00M€1.82M▼
Other amounts payable47/48€33k€46k▲
Accrued charges and deferred income492/3€107k€133k▲
Income statement
Code20242025
Operating income70/76A€38.97M€23.75M▼
Turnover70€31.32M€19.04M▼
Change in stocks of work in progress, finished goods and contracts in progress71€338€-360k▼
Own construction capitalised72€51€176▲
Other operating income74€7.53M€5.06M▼
Non-recurring operating income76A€119k-
Operating charges60/66A€36.63M€23.97M▼
Goods for resale, raw materials and consumables60€14.03M€6.83M▼
Purchases600/8€13.43M€6.99M▼
Change in stocks: decrease (increase)609€604k€-159k▼
Services and other goods61€9.62M€5.16M▼
Remuneration, social security and pensions62€12.17M€11.20M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.12M€894k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-117k€-105k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-367k€-243k▲
Other operating charges640/8€172k€237k▲
Operating profit (loss)9901€2.35M€-220k▼
Financial income75/76B€244k€131k▼
Recurring financial income75€243k€131k▼
Income from current assets751€239k€128k▼
Other financial income752/9€4k€3k▼
Non-recurring financial income76B€1k-
Financial charges65/66B€270k€160k▼
Recurring financial charges65€270k€160k▼
Debt charges650€203k€140k▼
Other financial charges652/9€67k€20k▼
Profit (loss) for the period before taxes9903€2.32M€-249k▼
Income taxes67/77€437k€227k▼
Taxes670/3€437k€256k▼
Tax adjustments and reversals of tax provisions77-€29k
Profit (loss) for the period9904€1.88M€-476k▼
Profit (loss) for the period to be appropriated9905€1.88M€-476k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.84M€1.28M▼
Profit (loss) brought forward from the previous period14P€-41k€1.75M▲
Transfer to equity691/2€92k-
To the legal reserve6920€92k-
Social balance
Average headcount (FTE)9087130.2120.4▼
The notes to these accounts (66 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €1.88M
Net result €1.88M after 2 loss-making years.
31-12
Financial
Equity above €10MEq €10.08M ▲23%
Equity rises from €8.20M to €10.08M.
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
01-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €3.40M
Net result €3.40M after one loss-making year.
31-12
Financial
Equity above €10MEq €10.30M ▲49.2%
Equity rises from €6.90M to €10.30M.
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €-7.78M ▼1173%
Net result drops to €-7.78M, the lowest in the series; recovery starts the following year.
27-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
31-12
Financial
Back to profitnet €725k
Net result €725k after one loss-making year.
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
17-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
30 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Niklaas · 1 establishment unit since 1971
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Industriepark-Noord 19100 Sint-NiklaasGround area
4.1 ha
Building footprint
1.9 ha
Parcel 46442C0771/00S000, Flanders. Linked by address, not a title deed.
1 establishment unit
Industriepark-Noord 1, 9100 Sint-Niklaas
since 19712.005.712.649
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46442C0771/00S000 | Flanders | 4.1 ha | 1 · 1.9 ha | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Ownership & control
1 parent companyControl over this companyparent company per the LEI register1
Zaventem
controls
MICROTHERMBE 0407.566.878
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 24,318 EUR awarded · 24,318 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 682 EUR | 682 EUR |
| 2024 | 1 | 3,365 EUR | 3,365 EUR |
| 2023 | 1 | 12,950 EUR | 12,950 EUR |
| 2022 | 1 | 7,321 EUR | 7,321 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Legal Entity Identifier
5493003ZXYYZZ3WJRO50
Similar companies · same sector, comparable size
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3 T Prefabbeton
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OMNICOL
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Of 117 companies in sector 23660 we hold annual accounts for 49. 20 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded30-10-1970
Fiscal year end31-12
Activities, NACEBEL 2025
23660Manufacture of other non-metallic mineral products
23990Manufacture of other non-metallic mineral products
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.