THERMALPLUG
THERMALPLUG has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1k and a net result of €-65. Equity is growing by ~43.7% per year across the filed fiscal years. Its solvency ranks better than 22% of 10877 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
| Equity | €1k |
| Net result | €-65 |
| Better than sector | 22% |
| Active | 14 yrs |
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 4.5% | 42.6% | |
| Net result | €-65 | €6k | |
| Equity | €1k | €60k | |
| Gross operating margin | €282 | €29k | |
| Total assets | €33k | €175k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | €6k | €5k | - | - |
| EBITDA | - | - | - | - | - |
| Net profit | €-65 | €5k | €-53 | €-210 | €-3k |
| Cash flow | - | - | - | - | - |
| Staff costs | - | - | - | - | - |
| Income taxes | €38 | €440 | - | - | - |
| Dividends | - | - | - | - | - |
| Total assets | €33k | €35k | €32k | €36k | €38k |
| Equity | €1k | €2k | €-3k | €-3k | €-3k |
| Debt | €32k | €33k | €35k | €39k | €41k |
| of which ≤ 1y | €32k | €33k | €35k | €39k | €41k |
| of which > 1y | - | - | - | - | - |
| Working capital | €1k | €2k | €-3k | €-3k | €-3k |
| Employees (FTE) | - | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 1.05 | 1.05 | 0.90 | 0.92 | 0.92 |
| Quick ratio | 0.56 | 0.58 | 0.32 | 0.40 | 0.33 |
| Working capital ratio | 4.5% | 4.5% | -10.6% | -9.1% | -8.2% |
| Solvency | 4.5% | 4.5% | -10.6% | -9.1% | -8.2% |
| Debt / equity | 21.20 | 21.29 | -10.44 | -11.96 | -13.18 |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | - | - | - | - | - |
| Gross margin | - | 99.0% | 3.9% | - | - |
| Net margin | - | 76.6% | -1.1% | - | - |
| ROA | -0.2% | 14.1% | -0.2% | -0.6% | -8.9% |
| ROE | -4.4% | 314.5% | 1.6% | 6.4% | 108.0% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | 856d | 365d | - | - |
| Days payable outstanding | - | 6176d | 26d | 2222d | 469d |
| Inventory turnover | 0.00 | 0.00 | 0.24 | 0.00 | 0.05 |
| Days inventory (DSI) | 85958d | 88644d | 1549d | 130632d | 7103d |
Full annual accounts (20 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €33k | €35k | €32k | €36k | €38k |
| Current assets | 29/58 | €33k | €35k | €32k | €36k | €38k |
| Stocks & contracts in progress | 3 | €16k | €16k | €20k | €20k | €24k |
| Amounts receivable within one year | 40/41 | - | €15k | €7k | €6k | €2k |
| Cash & bank | 54/58 | €18k | €4k | €5k | €10k | €12k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €33k | €35k | €32k | €36k | €38k |
| Equity | 10/15 | €1k | €2k | €-3k | €-3k | €-3k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | €19k |
| Accumulated profits (losses) | 14 | €-17k | €-17k | €-22k | €-22k | €-22k |
| Amounts payable | 17/49 | €32k | €33k | €35k | €39k | €41k |
| Amounts payable within one year | 42/48 | €32k | €33k | €35k | €39k | €41k |
| Trade debts payable within one year | 44 | - | €1k | €347 | €347 | €2k |
| Income statement | ||||||
| Turnover | 70 | - | €6k | €5k | - | - |
| Gross operating margin | 9900 | €282 | €6k | €193 | €-57 | €-1k |
| Operating result | 9901 | €229 | €6k | €193 | €-57 | €-3k |
| Financial charges | 65 | €256 | €255 | €246 | €153 | €141 |
| Result before taxes | 9903 | €-27 | €5k | €-53 | €-210 | €-3k |
| Income taxes | 67/77 | €38 | €440 | - | - | - |
| Net result for the period | 9904 | €-65 | €5k | €-53 | €-210 | €-3k |
| Result to be appropriated | 9905 | €-65 | €5k | €-53 | €-210 | €-3k |
| NACE primary | Wholesale of other machinery and equipment(46649) |
| Legal form | Private limited company(610) |
| Incorporation | 23-05-2012 |
| Status | Active |
| Postal code | 1930 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23057C0007/00P000 | Flanders | 3,951 m² | - | - |
| 21017D0374/00S006 | Brussels | 128 m² | 1 · 92 m² | 11.7 m · 3 fl. |
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
22-12-2021 Capital increase of €18,600 to €37,200
- €18.600 → €37.200
Technical details
{
"events": [
{
"kind": "capital_increase",
"after_eur": 37200.0,
"delta_eur": 18600.0,
"before_eur": 18600.0,
"share_emission": {
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"share_form": null,
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"n_new_shares": null,
"with_new_shares": false,
"nominal_value_eur": null,
"issue_price_per_share_eur": null
},
"decrease_purpose": null,
"contribution_type": "kapitalisering_reserves",
"paid_up_delta_eur": null,
"n_shares_destroyed": null,
"not_yet_called_eur": null,
"merger_new_shares_n": null,
"merger_exchange_ratio": null,
"distribution_amount_eur": null,
"statutory_unavailable_equity_op": "convert_to_distributable"
}
],
"notary": {
"name": "Sophie MAQUET",
"firm_city": null,
"firm_name": null,
"office_city": "Brussel",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2021-12-22",
"filing_date": "2021-12-14",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "algemene_vergadering",
"act_date": "2021-11-30",
"unanimous": null,
"under_authorized_capital": false,
"underlying_resolution_date": null
},
"bedrijfsrevisor": null,
"subject_company": {
"kbo": "0846.098.039",
"name_full": "THERMALPLUG",
"legal_form": "besloten vennootschap",
"_kbo_filled_from_list": true,
"is_foreign_registered": false
},
"publication_proxy": {
"kind": "none",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [],
"shareholders_after": [],
"share_classes_after": []
}| Legal nameNL | THERMALPLUG |