Duotherm
ActiveThe computed 12-month bankruptcy probability of Duotherm is 2.0% (moderate). The 2025 annual accounts show equity of €174k and a net result of €30k. Equity is growing by ~23.6% per year across the filed fiscal years. Its solvency ranks better than 33% of 27787 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▲+4
Solvency56▲+6
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 1.78 against 1.24 in 2024; short-term debt: 11.7% and cash: 15.9% of total assets), but 68.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
31.4%
Return on assets
5.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
27 d late
2024
29 d late
2023
19 d early
2022
47 d early
2021
62 d early
← 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
€174k▲ 20.8%
2024 · €144k
2021: €22k
2022: €97k
2023: €154k
2024: €144k
2021 → 2025
Total assets
€554k▼ 3.3%
2024 · €573k
2021: €59k
2022: €170k
2023: €243k
2024: €573k
2021 → 2025
Net result
€30k▲ 155%
2024 · €12k
2021: €22k
2022: €75k
2023: €57k
2024: €12k
2021 → 2025
Working capital
€50k▲ 134%
2024 · €21k
2021: €21k
2022: €77k
2023: €138k
2024: €21k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€22k-€97k▲ 339%€154k▲ 58.8%€144k▼ 6.7%€174k▲ 20.8%
Operating result€27k-€101k▲ 266%€79k▼ 21.3%€22k▼ 72.0%€55k▲ 147%
Net result€22k-€75k▲ 240%€57k▼ 23.8%€12k▼ 79.5%€30k▲ 155%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 147% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €554k
Fixed assets
€439k▼ 5.2%
Current assets
€115k▲ 4.6%
Equity and liabilities €554k
Equity
€174k▲ 20.8%
Debt
€380k▼ 11.4%
The debt ratio falls from 74.9% to 68.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€79k▼
2024 · €102k
Cash flow
€54k▼
2024 · €92k
Solvency
31.4%▲
2024 · 25.1%
Current ratio
1.78▲
2024 · 1.24
Quick ratio
1.78▲
2024 · 1.24
Debt / equity
2.19▼
2024 · 2.98
ROE
17.2%▲
2024 · 8.1%
ROA
5.4%▲
2024 · 2.0%
Interest coverage
6.43▼
2024 · 20.55
Debt
€380k▼
2024 · €429k
Debt ≤ 1 year
€65k▼
2024 · €88k
Debt > 1 year
€315k▼
2024 · €341k
Income taxes
€13k▲
2024 · €5k
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€573k€554k▼
Fixed assets21/28€463k€439k▼
Tangible fixed assets22/27€463k€439k▼
Land and buildings22€440k€425k▼
Plant, machinery and equipment23€2k€945▼
Leasing and similar rights25€21k€13k▼
Current assets29/58€110k€115k▲
Amounts receivable within one year40/41€11k€23k▲
Trade receivables40€5k€16k▲
Other amounts receivable41€6k€7k▲
Cash at bank and in hand54/58€98k€88k▼
Deferred charges and accrued income490/1€490€4k▲
Equity and liabilities
Total equity and liabilities10/49€573k€554k▼
Equity10/15€144k€174k▲
Contributions10/11€100€100=
Reserves13€144k€173k▲
Distributable reserves133€144k€173k▲
Profit (loss) carried forward14-€0
Amounts payable17/49€429k€380k▼
Amounts payable after more than one year17€341k€315k▼
Financial debts170/4€341k€315k▼
Amounts payable within one year42/48€88k€65k▼
Current portion of amounts payable after more than one year42€25k€25k▲
Trade debts44€2k€8k▲
Suppliers440/4€2k€8k▲
Taxes, remuneration and social security45€39k€30k▼
Taxes450/3€33k€24k▼
Remuneration and social security454/9€6k€6k=
Other amounts payable47/48€23k€972▼
Accrued charges and deferred income492/3€223€223=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€80k€24k▼
Other operating charges640/8€1k€3k▲
Gross operating margin9900€103k€81k▼
Operating profit (loss)9901€22k€55k▲
Financial income75/76B-€31
Recurring financial income75-€31
Financial charges65/66B€5k€12k▲
Recurring financial charges65€5k€12k▲
Profit (loss) for the period before taxes9903€17k€42k▲
Income taxes67/77€5k€13k▲
Profit (loss) for the period9904€12k€30k▲
Profit (loss) for the period to be appropriated9905€12k€30k▲
Appropriation of the result
Profit (loss) to be appropriated9906€12k€30k▲
Transfer from equity791/2€22k€0▼
Transfer to equity691/2€12k€30k▲
To other reserves6921€12k€30k▲
Profit to be distributed694/7€22k€0▼
Return on contributions (dividend)694€22k€0▼
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Equity above €150kEq €174k ▲20.8%
5 profitable years in a row build equity to €174k.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €12k ▼79.5%
Net result drops to €12k, the lowest in the series; recovery starts the following year.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150kEq €154k ▲58.8%
3 profitable years in a row build equity to €154k.
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2021net €75k ▲240%
Operating result €101k, net result €75k, both a record.
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Mechelen · 1 establishment unit since 2021
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.
Liersesteenweg(MeSK) 1812800 MechelenGround area
157 m²
Building footprint
69 m²
Volume, LiDAR
529 m³
Parcel 12402B0290/00N021, Flanders · tallest building 8.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Duotherm
since 20212.322.440.811
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12402B0290/00N021 | Flanders | 156 m² | 1 · 69 m² | 8.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
CC-Verwarmingsservice
BE 0831.974.344
Hasselt · Eq €174k
A. MOYSES HYDROGROUPE
BE 0432.137.275
Oudergem · Eq €174k
VAN DE VOORDE
BE 0830.082.943
Waasmunster · Eq €173k
Volt Concept
BE 0788.524.084
Oostende · Eq €173k
VOJTEC
BE 0806.093.556
Kontich · Eq €174k
Of 7,042 companies in sector 43221 we hold annual accounts for 3,471. 2,948 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-09-2021
Fiscal year end31-12
Activities, NACEBEL
43221Plumbing work
33110Repair and maintenance of fabricated metal products
33200Installation of industrial machinery and equipment
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43291Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.