Turnover
≈ €140,000 estimated
The micro format states no turnover.
B-THERM
Lifetime
11 annual accounts with figures on one time axispeak €33,062 (2015)
€10,368▲ €13,909
lowest -€6,010 (2023)
€1,851▲ €7,861
peak €50,202 (2020)
€40,181▲ 4.8%
€12,569▲ 89.0%
Board2 names since 2024
1 directorL HEAT
Documentsfilings and deeds
17-07-202514 days before the deadline
2024micro format
Gross margin from -€3,541 to €10,368Back to profit: €1,851Registered office moved from Jette to Schaerbeek 17-10Debts from €6,652 to €12,569
Key points
from the 2024 annual accountsFilings
11 annual accounts 102 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
76.2%
Higher solvency than 82% of companies in specialised construction. Sector median 46.6% · 35,956 companies.
Checked score
56
Fair
Financially stronger than 58% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
A confirmed filing finding caps the score at 59.
Bankruptcy probability within 12 months
1.5% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.9%
01-2025: 0.9%● unchanged vs 12-2024
02-2025: 0.9%● unchanged vs 01-2025
03-2025: 0.9%● unchanged vs 02-2025
04-2025: 0.9%● unchanged vs 03-2025
05-2025: 1.0%▲ +0.1 percentage points vs 04-2025
06-2025: 1.0%● unchanged vs 05-2025
07-2025: 1.1%▲ +0.1 percentage points vs 06-2025
08-2025: 0.7%▼ -0.4 percentage points vs 07-2025
09-2025: 0.7%● unchanged vs 08-2025
10-2025: 0.7%● unchanged vs 09-2025lowest value
11-2025: 0.7%● unchanged vs 10-2025lowest value
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.7%● unchanged vs 12-2025
02-2026: 0.7%● unchanged vs 01-2026
03-2026: 0.7%● unchanged vs 02-2026
04-2026: 0.8%▲ +0.1 percentage points vs 03-2026
05-2026: 0.9%▲ +0.1 percentage points vs 04-2026
06-2026: 0.9%● unchanged vs 05-2026
07-2026: 1.0%▲ +0.1 percentage points vs 06-2026
08-2026: 1.5%▲ +0.5 percentage points vs 07-2026
09-2026: 2.0%▲ +0.5 percentage points vs 08-2026highest value
10-2026: 1.5%▼ -0.5 percentage points vs 09-2026
11-2026: 1.5%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Capped at 59: a confirmed filing finding
Figures for financial year 2024 (filed on 17-07-2025)
Size: total assets €52,750
lowers risk
Equity €40,181 (76.2% of total assets)
Founded in 2014
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 90% of them on solvency, 52% on liquidity, 45% on profitability and 46% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 10,904 companies had the same profile as B-THERM has now. Each dot stands for 28 companies, two years later.
95.1%
were still trading
4.0%
stopped another way
0.7%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of B-THERM itself is higher: 1.5% within 12 months. It rests on far more data about B-THERM than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 10,904 companies, not a prediction for B-THERM. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €2,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity is ample, with a current ratio of 4.17 (6.57 in 2023), above the usual 1.5. Short-term debt is 23.8% and cash 11.7% of total assets. 23.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 102 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline10-11-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-07-2025, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
14 days early
2023
32 days early
2022
24 days early
2021
on the day
2020
7 days late
2019
41 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 4 days before 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 (1)
Board and ownership
LH
L HEAT
Director, Afailal Yassine
- L HEAT 1,000 sharesdeed of 17-10-2024
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0547571928
Registered office moved from Jette to Schaerbeek
New registered office: Place des Bienfaiteurs 11;1030 Schaerbeek · Previous registered office: avenue de Laeken 13;1090 Jette · Resignation: Constantin Veronel lonut (director) · Gazette deed
Registered office moved within Brussels
New registered office: avenue de LAEKEN 13 à 1090 BRUXELLES · Previous registered office: BD DU ROI ALBERT II 28/30 BT 50 à 1000 BRUXELLES · General meeting of 02-01-2019 · Gazette deed
Incorporation
published on 11-03-2014 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| B-THERM Jette | - | - | 76.2% | - |
| Weerts et Fils Bièvre | - | - | 28.2% | - |
| Cover Project Ottignies-Louvain-la-Neuve | - | - | 66.6% | - |
| TWSERVICES Grimbergen | - | - | 94.6% | - |
| THERMATECH Brussels | - | - | 70.0% | - |
| ReNoV services Genappe | €92,090 | 11.1% | 53.3% | - |
| ElectroNik Holsbeek | €207,071 | 2.6% | 93.1% | - |
These companies have the same main activity as B-THERM: installation of electric heating, air conditioning, cooling and ventilation (NACE 43222). They are comparable in size and age: total assets between €46,300 and €61,800, founded between 2011 and 2015.
Official details
Source: KBO- Status
- Active since 28-02-2014Normal situation
- Activity
- Installation of electric heating, air conditioning, cooling and ventilationNACE 43222
- Establishment unit
- 2.228.667.9411090 Jette, since 28-02-2014
- Financial year end
- 31 December
- Peppol
- Reachable since 08-12-2025
Insights on B-THERM
B-THERM files the micro format. That format states no turnover. The gross margin rose from €3,428 in 2014 to €10,368 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about B-THERM
- What is the company number of B-THERM?
- The company number of B-THERM is 0547.571.928. The VAT number is the same number with BE in front: BE 0547.571.928.
- Where is B-THERM based?
- The registered office is at Lakense Laan 13, 1090 Jette.Company details
- What does B-THERM 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 B-THERM?
- B-THERM is a private limited company (pre-2019) (BVBA).
- When was B-THERM founded?
- B-THERM was founded on 28-02-2014.
- Is B-THERM still active?
- Yes, B-THERM is an active enterprise in the KBO register.
- What is the turnover of B-THERM?
- The turnover in financial year 2024 is ≈ €140,000. This figure is estimated from the gross margin of €10,368 and 32 comparable companies (NACE 43222). It probably lies between €85,000 and €190,000. It is a rough estimate. In financial year 2020 turnover was €94,495.Financials
- Is B-THERM profitable?
- In financial year 2024, B-THERM made a profit of €1,851.
- Where can I find the annual accounts of B-THERM?
- B-THERM filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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