Applications Thermiques
ActiveSummary
The computed 12-month bankruptcy probability of Applications Thermiques is 2.8% (moderate). The 2025 annual accounts show negative equity (-€124,544) and a net result of -€270,109. Equity has been shrinking by about 26% per year since 2018. Its solvency ranks better than 5% of 9,895 sector peers (NACE 43, financial year 2025). The company has been active since 1978 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
Source: KBO- Status
- Active since 09-06-1978 Normal situation
- Activity
- Installation of electric heating, air conditioning, cooling and ventilation NACE 43222and 1 other
- Joint committees
- 111 Paritair Comité voor de metaal-, machine- en elektrische bouw
- 209 Paritair Comité voor de bedienden der metaalfabrikatennijverheid · annual accounts 2025
- Establishment unit
- 2.028.399.266 9600 Ronse, since 23-12-1985
- Financial year end
- 31 December
- Peppol
- Reachable since 07-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 2.8%
- Gross margin
- -€131,766
- Loss
- €270,109
- ▲ 176%
- Equity
- -€124,544
- Total assets
- €194,146
- ▼ 53.1%
- Employees on 31-12-2025
- 2
- ▼ 33.3%
- Negative equity on 31-12-2025
- 2025 accounts filed 76 days after the deadline
Score breakdownraises riskLoss of €270,109, the second in a row (financial year 2025)Negative equity -€124,544Last filed accounts filed 76 days late; 2 of the last 3 accounts latelowers riskSize: total assets €194,146Show the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 3% of them on solvency, 71% on liquidity, 4% on profitability and 2% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its last 7 accounts on average 8 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Key points
- Risk: Negative equitydebts exceed assets in financial year 2025 -€124,544 View
- Risk: 8 loss-making years in a rowloss in financial year 2025 -€270,109 View
- Caution: Result fell in 2025different schema filed ▼ 176% View
- Caution: Lower solvency than 95% of companies in specialised constructionsector median 44.0% · 9,895 companies -64.2% View
- Caution: Board changedlatest change 18-06-2026 · 1 in office 1 joined · 1 left View
Recent changes
- · Gazette deed Resignation: Claude Merry (sole director)Appointment: Christine Merry (director)
- · Gazette deed Capital & shares · Resignations & appointmentsChange of role: MERRY Claude, from director to sole director · Resignation: DE WITTE Kurt (director)
Comparable companies
These companies have the same main activity as Applications Thermiques: installation of electric heating, air conditioning, cooling and ventilation (NACE 43222). They are comparable in size and age: total assets between €165,000 and €195,000, founded between 1965 and 1993.
| Company | Total assets | Gross margin |
|---|---|---|
| Applications Thermiques Ronse | €194,146 | -€131,766 |
| Verwarming en Sanitair Ryckaert Fabien Maldegem | €164,898 | €1,036 |
| Klimaver Gent | €183,902 | -€2,253 |
| TRUIENSE MONTAGEWERKEN Sint-Truiden | €191,195 | -€14,882 |
| Groenweghe Ieper | €181,864 | -€17,733 |
| Depaepe Merelbeke-Melle | €168,678 | -€56 |
| J.D.K. Aalter | €194,751 | -€19,836 |
Key facts about Applications Thermiques
- What is the company number of Applications Thermiques?
- The company number of Applications Thermiques is 0418.359.416. The VAT number is the same number with BE in front: BE 0418.359.416.
- Where is Applications Thermiques based?
- The registered office is at Klein Frankrijkstraat 41, 9600 Ronse.Company details
- What does Applications Thermiques do?
- According to the KBO register, the main activity is installation of electric heating, air conditioning, cooling and ventilation (NACE 43222).
- What is the legal form of Applications Thermiques?
- The legal form of Applications Thermiques is Public limited company (NV).
- When was Applications Thermiques founded?
- Applications Thermiques was founded on 09-06-1978.
- Is Applications Thermiques still active?
- Yes, Applications Thermiques is an active enterprise in the KBO register.
- How many employees does Applications Thermiques have?
- Applications Thermiques had an average of 2.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Applications Thermiques fall under?
- In its 2025 annual accounts, Applications Thermiques states joint committees 111 (Paritair Comité voor de metaal-, machine- en elektrische bouw) and 209 (Paritair Comité voor de bedienden der metaalfabrikatennijverheid).
- What is the turnover of Applications Thermiques?
- The annual accounts for financial year 2025 state no turnover. The abbreviated or micro format does not require it.
- Is Applications Thermiques profitable?
- In financial year 2025, Applications Thermiques made a loss of €270,109.
- Where can I find the annual accounts of Applications Thermiques?
- Applications Thermiques filed 47 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Applications Thermiques due?
- Applications Thermiques must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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