Financials
- Financial year
- 2025
- Total assets
- €316,089
- Profit
- €3,815
- Solvency
- 99.0%
Total assets▲ 1.4%
Net result
20182025
Euro Thermo
ActiveSummary
Euro Thermo has been active since 1963 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €312,828 and a net result of €3,815. Equity is shrinking by about 15% per year across the filed financial years. Its solvency ranks better than 95% of 5,778 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Activity
Renting and operating of own or leased non-residential real estate, excluding land
NACE 68203
Oldest company in Oudsbergen, Real estate sector1 site
Size
≈ €16,000turnover 2025, estimated
- Equity
- €312,828
- Profit
- €3,815
Turnover estimated from the gross margin
Structure
- Parent
- Damah · 100%
- Michel HaexDirector
- Damah BVManaging director · permanent representative Joeri Haex
2025 accounts 2 days early3 of 10 deeds summarised
Why 95raises riskLiquidity: current ratio 9.98, cash €14,918lowers riskEquity €312,828 (99.0% of total assets)Size: total assets €316,089Founded in 1963Show the evidence
Checked score
Score 2025
95
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 61% of its sector peers (NACE 68, micro)
Financial strength · tick = 2024
Strong
Solvency
100=
equity 99.0% of total assets
Liquidity
56-5
short-term debt 1.0% · cash 4.7%
Profitability
41+8
return on assets 1.2%
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 1.5%highest value
12-2024: 0.3%▼ -1.2 percentage points vs 11-2024
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.1%▼ -0.2 percentage points vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026lowest value
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
Credit of up to €25,000 on 30-day terms is acceptable
Liquidity ample (current ratio 9.98, compared with 10.9 in 2024, above the usual 1.5; short-term debt: 1% and cash: 4.7% of total assets), and 1% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 68, micro): better than 91% on solvency, 67% on liquidity, 36% on profitability and 50% on growth.
The bankruptcy probability was computed on 29-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Five signals.
lowers riskraises riskneutral
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 days early
2024
20 days early
2023
29 days early
2022
31 days late
2021
17 days early
2020
39 days early
2019
25 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 14 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 14 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
30-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · full…
- Back to profitnet €3,815
- Annual accounts filedfinancial year 2024 · abbreviated…
Key points
By topic
Board & ownership
- Board
- 2 members
- Parent
- Damah · 100%
- Michel HaexDirector
- Damah BVManaging director
Network & group
- Group
- Weldimo Holding BV
Timeline
- Events
- 60
- Since
- 1978
- Next accounts
- by 31-07-2027
- 02-07-2024Annual accounts filed
- 31-12-2023Liquidity more than 143 times
- 21-11-2023Capital & shares · Amendment of the…
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Renting and operating of own or leased non-residential…NACE 68203
- Founded
- 16-02-1963
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 44
- Purpose
- “De handel in het groot en klein, import en export, de fabricatie, afwerking en omwerking…” (deed in Dutch)
Key facts about Euro Thermo
- What is the company number of Euro Thermo?
- 0401.297.413. In Belgium the VAT number is the company number with BE in front: BE 0401.297.413.
- Where is Euro Thermo based?
- The registered office is at Schrijvenhagenstraat 8, 3670 Oudsbergen.Company details
- What does Euro Thermo do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of Euro Thermo?
- Public limited company (NV).
- When was Euro Thermo founded?
- On 16-02-1963.
- Is Euro Thermo still active?
- Yes, Euro Thermo is an active enterprise in the KBO register.
- What is the turnover of Euro Thermo?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
- Is Euro Thermo profitable?
- In financial year 2025, Euro Thermo made a profit of €3,815.
- Where can I find the annual accounts of Euro Thermo?
- Euro Thermo filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Euro Thermo due?
- By 31-07-2027, for financial year 2026.Timeline
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Parent and group
- Damah100%
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