FULLTHERM
The computed 12-month bankruptcy probability of FULLTHERM is 5.8% (elevated). The 2020 annual accounts show equity of €231k and a net result of €-17k. Equity is growing by ~18.7% per year across the filed fiscal years. The company has been active since 1996 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
| Equity | €231k |
| Net result | €-17k |
| Staff (FTE) | 8.6 |
| Active | 30 yrs |
Mixed profile: strong on stability, weaker on profitability.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Fiscal year | 2020 |
|---|---|
| Revenue | - |
| EBITDA | €9k |
| Net profit | €-17k |
| Cash flow | €3k |
| Staff costs | €199k |
| Income taxes | €518 |
| Dividends | - |
| Total assets | €347k |
| Equity | €231k |
| Debt | €116k |
| of which ≤ 1y | €87k |
| of which > 1y | €29k |
| Working capital | €41k |
| Employees (FTE) | 8.6 |
| 2020 | |
|---|---|
| Current ratio | 1.47 |
| Quick ratio | 1.42 |
| Working capital ratio | 11.9% |
| Solvency | 66.6% |
| Debt / equity | 0.50 |
| Long-term debt ratio | 0.12 |
| Interest coverage | 1.75 |
| Gross margin | - |
| Net margin | - |
| ROA | -5.0% |
| ROE | -7.5% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2020 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €347k |
| Fixed assets | 21/28 | €219k |
| Tangible fixed assets | 22/27 | €219k |
| Current assets | 29/58 | €128k |
| Stocks & contracts in progress | 3 | €5k |
| Amounts receivable within one year | 40/41 | €82k |
| Cash & bank | 54/58 | €39k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €347k |
| Equity | 10/15 | €231k |
| Contributions / capital | 10/11 | €19k |
| Reserves | 13 | €213k |
| Amounts payable | 17/49 | €116k |
| Amounts payable after one year | 17 | €29k |
| Amounts payable within one year | 42/48 | €87k |
| Trade debts payable within one year | 44 | €51k |
| Income statement | ||
| Gross operating margin | 9900 | €212k |
| Operating result | 9901 | €-12k |
| Financial income | 75 | €2k |
| Financial charges | 65 | €5k |
| Result before taxes | 9903 | €-17k |
| Income taxes | 67/77 | €518 |
| Net result for the period | 9904 | €-17k |
| Result to be appropriated | 9905 | €-17k |
| NACE primary | - |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 15-04-1996 |
| Status | Active |
| Postal code | 1480 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23077A0171/00G002 | Flanders | 578 m² | 1 · 58 m² | 5.3 m · 1 fl. |
| 25105E0026/00Z000 | Wallonia | 430 m² | 1 · 97 m² | 14.0 m · 4 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
20-07-2022 Dissolution of the company
- Ontbinding: 2022-07-06
Technical details
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"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"auditor": null,
"act_meta": {
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"filing_date": "2022-07-06",
"act_kind_objet": "DISSOLUTION JUDICIAIRE"
},
"decision": {
"body": "rechterlijke_uitspraak",
"act_date": "2022-07-06",
"unanimous": null
},
"end_event": {
"reason": "Dissolution judiciaire",
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"is_death": true,
"sub_type": "judicial_dissolution",
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"closure_effective_date": null,
"dissolution_effective_date": "2022-07-06",
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},
"liquidator": {
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"is_judicial": true,
"person_name": "Dominique LEONARD",
"is_remunerated": null,
"person_address": "1370 Jodoigne, avenue des Commandants Borl\u00E9e, 43",
"person_birth_place": null
},
"silent_merger": null,
"court_division": {
"name": "TRIBUNAL DE L\u0027ENTREPHDE",
"language": "fr",
"tribunal_type": "entreprise"
},
"books_custodian": null,
"subject_company": {
"kbo": "0457.643.228",
"name_full": "FULLTHERM",
"legal_form": "SRL"
},
"closure_mandatary": null,
"prior_opening_ref": null,
"publication_proxy": {
"kind": "person",
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"person_name": "Dominique LEONARD",
"org_rep_person_name": null
},
"co_filed_documents": [],
"real_estate_transferred": [],
"shareholder_loan_settled": null,
"financials_at_dissolution": null,
"distribution_to_shareholders": null
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameFR | FULLTHERM |
- 08-09-2025 Late accounts filing