Dolitherm
ActiveSummary
Dolitherm has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €304,677 and a net result of €101,307. Equity is growing by ~11.7% per year across the filed fiscal years. Its solvency ranks better than 43% of 7445 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability85▲+6
Solvency63▲+3
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20,000 at 30 days acceptable
Liquidity tight (current ratio 1.21 against 1.02 in 2023; short-term debt: 21.9% and cash: 9.2% of total assets), and 61.9% of the assets are financed with debt.
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Signals
Three 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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 29-03-2025, 124 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
124 d early
2023
154 d early
2022
95 d early
2021
122 d early
2020
2 d early
2019
2 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€304,677▲ 24.1%
2023 · €245,423
Total assets
€800,507▲ 14.0%
2023 · €702,110
Net result
€101,307▲ 72.5%
2023 · €58,722
Working capital
€36,289▲ 936%
2023 · €3,502
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€63,695▲ 11.5%€55,308▼ 13.2%€72,822▲ 31.7%€88,005▲ 20.8%€148,954▲ 69.3%
Net result€45,466▲ 12.7%€38,806▼ 14.6%€48,295▲ 24.5%€58,722▲ 21.6%€101,307▲ 72.5%
Equity€208,696▲ 26.6%€231,222▲ 10.8%€258,186▲ 11.7%€245,423▼ 4.9%€304,677▲ 24.1%
Total assets€618,724▲ 221%€674,928▲ 9.1%€668,727▼ 0.9%€702,110▲ 5.0%€800,507▲ 14.0%
Debt€410,029▲ 1,365%€443,705▲ 8.2%€410,540▼ 7.5%€456,688▲ 11.2%€495,829▲ 8.6%
Working capital€89,984▼ 23.9%€75,307▼ 16.3%€81,917▲ 8.8%€3,502▼ 95.7%€36,289▲ 936%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 69% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €800,507
Fixed assets
€589,088 ▲ 6.2%
Current assets
€211,419 ▲ 43.4%
Equity and liabilities €800,507
Equity
€304,677 ▲ 24.1%
Debt
€495,829 ▲ 8.6%
Debt's share of the balance-sheet total falls from 65.0% to 61.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€185,454▲
2023 · €112,301
Cash flow
€137,807▲
2023 · €83,018
Current ratio
1.21▲
2023 · 1.02
Debt to equity
1.63▼
2023 · 1.86
ROE
33.3%▲
2023 · 23.9%
ROA
12.7%▲
2023 · 8.4%
Interest coverage
28.15▲
2023 · 18.81
Debt ≤ 1 year
€175,129▲
2023 · €143,946
Debt > 1 year
€320,700▲
2023 · €312,742
Income taxes
€41,753▲
2023 · €23,533
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,509 | €50,454 | €25,661 | €24,296 | €36,500 | ▲ 50.2% |
| Other operating charges640/8 | - | - | €1,618 | €2,016 | €1,855 | ▼ 8.0% |
| Gross operating margin9900 | €86,897 | €107,267 | €100,101 | €114,317 | €187,309 | ▲ 63.9% |
| Operating profit (loss)9901 | €63,695 | €55,308 | €72,822 | €88,005 | €148,954 | ▲ 69.3% |
| Financial income75/76B | - | - | €33 | €220 | €693 | ▲ 216% |
| Recurring financial income75 | €5 | €0 | €33 | €220 | €693 | ▲ 216% |
| Financial charges65/66B | - | - | €5,600 | €5,970 | €6,588 | ▲ 10.3% |
| Recurring financial charges65 | €2,585 | €7,160 | €5,600 | €5,970 | €6,588 | ▲ 10.3% |
| Profit (loss) for the period before taxes9903 | €61,115 | €48,149 | €67,256 | €82,255 | €143,060 | ▲ 73.9% |
| Income taxes67/77 | €15,649 | €9,343 | €18,961 | €23,533 | €41,753 | ▲ 77.4% |
| Profit (loss) for the period9904 | €45,466 | €38,806 | €48,295 | €58,722 | €101,307 | ▲ 72.5% |
| Profit (loss) for the period to be appropriated9905 | €45,466 | €38,806 | €48,295 | €58,722 | €101,307 | ▲ 72.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €618,724 | €674,928 | €668,727 | €702,110 | €800,507 | ▲ 14.0% |
| Fixed assets21/28 | €459,458 | €520,210 | €505,631 | €554,663 | €589,088 | ▲ 6.2% |
| Tangible fixed assets22/27 | €459,458 | €520,210 | €505,631 | €554,663 | €589,088 | ▲ 6.2% |
| Land and buildings22 | - | - | €484,485 | €475,571 | €523,494 | ▲ 10.1% |
| Plant, machinery and equipment23 | - | - | €15,394 | €13,450 | €11,506 | ▼ 14.5% |
| Furniture and vehicles24 | - | - | €5,752 | €65,642 | €54,088 | ▼ 17.6% |
| Current assets29/58 | €159,267 | €154,718 | €163,096 | €147,448 | €211,419 | ▲ 43.4% |
| Amounts receivable within one year40/41 | €131,239 | €129,579 | €90,603 | €39,143 | €134,989 | ▲ 245% |
| Trade receivables40 | - | - | €86,209 | €35,788 | €123,179 | ▲ 244% |
| Other amounts receivable41 | - | - | €4,394 | €3,355 | €11,810 | ▲ 252% |
| Cash at bank and in hand54/58 | €26,988 | €24,173 | €71,120 | €106,533 | €73,557 | ▼ 31.0% |
| Deferred charges and accrued income490/1 | - | - | €1,372 | €1,772 | €2,872 | ▲ 62.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €618,724 | €674,928 | €668,727 | €702,110 | €800,507 | ▲ 14.0% |
| Equity10/15 | €208,696 | €231,222 | €258,186 | €245,423 | €304,677 | ▲ 24.1% |
| Contributions10/11 | - | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €190,096 | €212,622 | €239,586 | €226,823 | €286,077 | ▲ 26.1% |
| Non-distributable reserves130/1 | - | - | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | - | - | - |
| Distributable reserves133 | - | - | €237,726 | €226,823 | €286,077 | ▲ 26.1% |
| Amounts payable17/49 | €410,029 | €443,705 | €410,540 | €456,688 | €495,829 | ▲ 8.6% |
| Amounts payable after more than one year17 | €340,746 | €364,295 | €329,361 | €312,742 | €320,700 | ▲ 2.5% |
| Financial debts170/4 | - | - | €329,361 | €312,742 | €320,700 | ▲ 2.5% |
| Amounts payable within one year42/48 | €69,283 | €79,410 | €81,179 | €143,946 | €175,129 | ▲ 21.7% |
| Current portion of amounts payable after more than one year42 | - | - | €41,999 | €43,397 | €74,753 | ▲ 72.3% |
| Trade debts44 | €2,941 | €8,023 | €4,612 | €3,003 | €14,230 | ▲ 374% |
| Suppliers440/4 | - | - | €4,612 | €3,003 | €14,230 | ▲ 374% |
| Taxes, remuneration and social security45 | - | - | €11,482 | €24,396 | €45,585 | ▲ 86.9% |
| Taxes450/3 | - | - | €5,730 | €18,510 | €39,600 | ▲ 114% |
| Remuneration and social security454/9 | - | - | €5,752 | €5,886 | €5,985 | ▲ 1.7% |
| Other amounts payable47/48 | - | - | €23,086 | €73,150 | €40,561 | ▼ 44.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €45,466 | €38,806 | €48,295 | €58,722 | €101,307 | ▲ 72.5% |
| + Depreciation and write-downs630 | €22,509 | €50,454 | €25,661 | €24,296 | €36,500 | ▲ 50.2% |
| Operating cash flow (approximation) | €67,975 | €89,260 | €73,956 | €83,018 | €137,807 | ▲ 66.0% |
| Investment in fixed assets (approximation) | - | -€111,207 | -€11,082 | -€73,328 | -€70,926 | ▲ 3.3% |
| Change in cash | - | -€2,815 | €46,947 | €35,413 | -€32,976 | ▼ 193% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
29-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €101,307 ▲72.5%
Operating result €148,954, net result €101,307, both a record.
28-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €38,806 ▼14.6%
Net result drops to €38,806, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €200,000Eq €208,696 ▲26.6%
3 profitable years in a row build equity to €208,696.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity doublescurrent ratio 5.23
Current ratio from 2.50 to 5.23; short-term debt falls from €52,550 to €27,984.
31-12
Financial
Equity above €150,000Eq €164,830 ▲32.4%
2 profitable years in a row build equity to €164,830.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
07-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 7 days late
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
05-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 5 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
5 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, Geel · 1 establishment unit since 2014
Ground area
628 m²
Building footprint
128 m²
Volume, LiDAR
846 m³
Parcel 13008I1006/00L000, Flanders · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Manheuvels 20, 2440 Geel
since 20142.230.929.427
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13008I1006/00L000 | Flanders | 628 m² | 1 · 128 m² | 10.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,534 companies in sector 43222 we hold annual accounts for 5,666. 4,530 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-03-2012
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
Scores and ratios are computed by Checked and are not a credit decision.