Exotherm
ActiveThe computed 12-month bankruptcy probability of Exotherm is 2.2% (moderate). The 2025 annual accounts show equity of €45k and a net result of €77k. Equity is growing by ~45.1% per year across the filed fiscal years. Its solvency ranks better than 22% of 27386 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
73
/ 100
Healthy▼ -21 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency32▼-54
Growth78=
Stability94
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity tight (current ratio 1.25 against 1.78 in 2024), and 79.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
20.6%
Return on assets
34.9%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 27386 sector peers (2025).
NBB · sector comparisonPosition among 27386 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 4 filingsDeviation from the deadline
2025
31 d late
2024
18 d late
2023
29 d late
2022
67 d late
← 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€45k▼ 16.4%
2024 · €54k
2022: €4k
2023: €20k
2024: €54k
2022 → 2025
Total assets
€219k▲ 87.3%
2024 · €117k
2022: €15k
2023: €46k
2024: €117k
2022 → 2025
Net result
€77k▲ 122%
2024 · €35k
2022: €-3k
2023: €16k
2024: €35k
2022 → 2025
Working capital
€44k▼ 11.2%
2024 · €49k
2022: €4k
2023: €16k
2024: €49k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€4k-€20k▲ 378%€54k▲ 176%€45k▼ 16.4%
Operating result€-3k-€19k€44k▲ 130%€99k▲ 127%
Net result€-3k-€16k€35k▲ 123%€77k▲ 122%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2025 is 127% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €219k
Fixed assets
€2k▼ 56.8%
Current assets
€217k▲ 93.9%
Equity and liabilities €219k
Equity
€45k▼ 16.4%
Debt
€174k▲ 177%
The debt ratio rises from 53.8% to 79.4%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€100k▲
2024 · €46k
Cash flow
€77k▲
2024 · €37k
Solvency
20.6%▼
2024 · 46.2%
Current ratio
1.25▼
2024 · 1.78
Quick ratio
1.22▼
2024 · 1.68
Debt / equity
3.85▲
2024 · 1.16
ROE
169.1%▲
2024 · 63.8%
ROA
34.9%▲
2024 · 29.5%
Interest coverage
51.96▼
2024 · 203.74
Debt
€174k▲
2024 · €63k
Debt ≤ 1 year
€174k▲
2024 · €63k
Income taxes
€21k▲
2024 · €9k
Staff costs
€3k
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€117k€219k▲
Fixed assets21/28€5k€2k▼
Tangible fixed assets22/27€4k€692▼
Furniture and vehicles24€4k€692▼
Financial fixed assets28€2k€2k=
Current assets29/58€112k€217k▲
Stocks and contracts in progress3€6k€5k▼
Stocks30/36€6k€5k▼
Amounts receivable within one year40/41€76k€185k▲
Trade receivables40€51k€163k▲
Other amounts receivable41€24k€22k▼
Cash at bank and in hand54/58€30k€20k▼
Deferred charges and accrued income490/1-€8k
Equity and liabilities
Total equity and liabilities10/49€117k€219k▲
Equity10/15€54k€45k▼
Contributions10/11€7k€7k=
Profit (loss) carried forward14€47k€38k▼
Amounts payable17/49€63k€174k▲
Amounts payable within one year42/48€63k€174k▲
Trade debts44€42k€68k▲
Suppliers440/4€42k€68k▲
Taxes, remuneration and social security45€14k€27k▲
Taxes450/3€12k€25k▲
Remuneration and social security454/9€2k€2k▲
Other amounts payable47/48€7k€78k▲
Accrued charges and deferred income492/3-€500
Income statement
Code20242025
Remuneration, social security and pensions62-€3k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€667▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€5k-
Other operating charges640/8€119€820▲
Gross operating margin9900€52k€104k▲
Operating profit (loss)9901€44k€99k▲
Financial income75/76B€36€2▼
Recurring financial income75€36€2▼
Non-recurring financial income76B€36€2▼
Financial charges65/66B€234€2k▲
Recurring financial charges65€226€2k▲
Non-recurring financial charges66B€8€1▼
Profit (loss) for the period before taxes9903€44k€97k▲
Income taxes67/77€9k€21k▲
Profit (loss) for the period9904€35k€77k▲
Profit (loss) for the period to be appropriated9905€35k€77k▲
Appropriation of the result
Profit (loss) to be appropriated9906€47k€124k▲
Profit (loss) brought forward from the previous period14P€13k€47k▲
Profit to be distributed694/7-€85k
Return on contributions (dividend)694-€85k
The notes to these accounts (7 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2022net €77k ▲122%
Operating result €99k, net result €77k, both a record.
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 18 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 67 days late
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, Wemmel · 1 establishment unit since 2022
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.
Nerviërslaan 181780 WemmelGround area
823 m²
Building footprint
386 m²
Volume, LiDAR
3,905 m³
2 parcels, Flanders · tallest building 15.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Exotherm
since 20222.331.766.172
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23078A0472/00L000 | Flanders | 461 m² | 1 · 192 m² | 10.8 m · 3 fl. |
| 22662B0378/00P003 | Flanders | 361 m² | 1 · 193 m² | 15.6 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
Debutec
BE 0673.948.278
Ledegem · Eq €45k
Umatec
BE 0733.641.880
Scherpenheuvel-Zichem · Eq €45k
De Elektrieker
BE 0800.188.335
Temse · Eq €45k
SECURI-COM
BE 0846.637.576
Heist-op-den-Berg · Eq €45k
ENERGYP
BE 0688.873.709
Niel · Eq €45k
Of 22,728 companies in sector 43211 we hold annual accounts for 10,271. 8,427 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-05-2022
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
43212Electrical installation work in industrial facilities
43221Plumbing work
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.