THERMO TECHNIC
ActiveThe annual accounts of THERMO TECHNIC for fiscal year 2025 show a net loss of 87% of the equity at the start of that year. The 2025 annual accounts show equity of €2k and a net result of €-16k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 12% of 27787 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
38
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-10
Solvency32▼-11
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.06 against 1.14 in 2024; short-term debt: 93% and cash: 31.4% of total assets), and 93% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
7%
Return on assets
-47%
Age of the figures
9 mo
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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
18192122232425
2018 to 2025 · latest year €-16k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 27787 sector peers (2025).
NBB · sector comparisonPosition among 27787 sector peers
Solvency
better than 12%
← weakest
strongest →
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
61 d late
2023
68 d late
2022
120 d late
2021
3 d early
2020
on the day
2019
on the day
← before the deadline
after the deadline →
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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€2k▼ 87.0%
2024 · €19k
2018: €7k
2019: €16k
2020: €16k
2021: €27k
2022: €28k
2023: €28k
2024: €19k
2018 → 2025
Total assets
€35k▼ 66.0%
2024 · €102k
2018: €239k
2019: €165k
2020: €165k
2021: €123k
2022: €109k
2023: €121k
2024: €102k
2018 → 2025
Net result
€-16k▼ 118%
2024 · €-7k
2018: €3k
2019: €10k
2021: €5k
2022: €3k
2023: €2k
2024: €-7k
2018 → 2025
Working capital
€2k▼ 84.3%
2024 · €12k
2018: €42k
2019: €32k
2020: €32k
2021: €4k
2022: €12k
2023: €10k
2024: €12k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€27k-€28k▲ 4.0%€28k▼ 0.3%€19k▼ 32.8%€2k▼ 87.0%
Operating result€9k-€5k▼ 47.6%€7k▲ 46.9%€-5k€-11k▼ 109%
Net result€5k-€3k▼ 50.1%€2k▼ 42.6%€-7k€-16k▼ 118%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11k in 2025 against €5k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €35k
Fixed assets
€556▼ 91.8%
Current assets
€34k▼ 64.1%
Equity and liabilities €35k
Equity
€2k▼ 87.0%
Debt
€32k▼ 61.2%
The debt ratio rises from 81.6% to 93.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-9k▼
2024 · €-124
Cash flow
€-14k▼
2024 · €-2k
Solvency
7.0%▼
2024 · 18.4%
Current ratio
1.06▼
2024 · 1.14
Quick ratio
1.06▲
2024 · 0.69
Debt / equity
13.25▲
2024 · 4.44
ROE
-669.0%▼
2024 · -39.8%
ROA
-47.0%▼
2024 · -7.3%
Interest coverage
-1.71▼
2024 · -0.05
Debt
€32k▼
2024 · €83k
Debt ≤ 1 year
€32k▼
2024 · €83k
Income taxes
€370▲
2024 · €359
Staff costs
€104k▼
2024 · €247k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€102k€35k▼
Fixed assets21/28€7k€556▼
Tangible fixed assets22/27€7k€556▼
Furniture and vehicles24€7k€556▼
Current assets29/58€95k€34k▼
Stocks and contracts in progress3€38k-
Stocks30/36€38k-
Amounts receivable within one year40/41€47k€23k▼
Trade receivables40€38k€5k▼
Other amounts receivable41€9k€18k▲
Cash at bank and in hand54/58€8k€11k▲
Deferred charges and accrued income490/1€2k€685▼
Equity and liabilities
Total equity and liabilities10/49€102k€35k▼
Equity10/15€19k€2k▼
Contributions10/11€7k€7k=
Reserves13€16k€16k=
Non-distributable reserves130/1€820€820=
Reserves not available under the articles1311€820€820=
Distributable reserves133€15k€15k=
Profit (loss) carried forward14€-4k€-20k▼
Amounts payable17/49€83k€32k▼
Amounts payable within one year42/48€83k€32k▼
Financial debts43€15k€18k▲
Other loans439€15k€18k▲
Trade debts44€49k€6k▼
Suppliers440/4€49k€6k▼
Taxes, remuneration and social security45€17k€8k▼
Taxes450/3€12k€8k▼
Remuneration and social security454/9€5k-
Other amounts payable47/48€1k-
Income statement
Code20242025
Remuneration, social security and pensions62€247k€104k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€2k▼
Other operating charges640/8€6k€5k▼
Gross operating margin9900€253k€100k▼
Operating profit (loss)9901€-5k€-11k▼
Financial income75/76B€933€480▼
Recurring financial income75€933€480▼
Financial charges65/66B€3k€5k▲
Recurring financial charges65€3k€5k▲
Profit (loss) for the period before taxes9903€-7k€-16k▼
Income taxes67/77€359€370▲
Profit (loss) for the period9904€-7k€-16k▼
Profit (loss) for the period to be appropriated9905€-7k€-16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€-20k▼
Profit (loss) brought forward from the previous period14P€5k€-4k▼
Profit to be distributed694/7€2k-
Return on contributions (dividend)694€2k-
The notes to these accounts (8 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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
28-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 120 days late
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €10k ▲278%
Operating result €20k, net result €10k, both a record.
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 12 days late
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Boutersem · 1 establishment unit since 2015
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.
Koutemstraat 263370 BoutersemGround area
560 m²
Building footprint
362 m²
Volume, LiDAR
2,598 m³
2 parcels, Flanders · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Thermo Technic
since 20152.240.866.383
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24433E0074/00M000 | Flanders | 423 m² | 1 · 265 m² | 9.8 m · 3 fl. |
| 24702B0278/00D000 | Flanders | 137 m² | 1 · 97 m² | 9.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 22,826 companies in sector 43211 we hold annual accounts for 10,328. 2,156 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-03-2015
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.