GETHERM
ActiveSummary
GETHERM has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14k and a net result of €23k. Equity is shrinking by ~18.7% per year across the filed fiscal years. Its solvency ranks better than 16% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability96▼-4
Solvency38▲+8
Growth58=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.9 against 0.99 in 2024; short-term debt: 87.1% and cash: 46.7% of total assets), and 87.2% of the assets are financed with debt.
Credit check 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 · 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
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
12.8%
Return on assets
21.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 27965 sector peers (2025).
NBB · sector comparisonPosition among 27965 sector peers
Solvency
better than 16%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €14k
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
50 d early
2023
6 d early
2022
6 d late
2021
67 d late
2020
88 d late
2019
87 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€297k▼ 0.1%
2019 · €297k
2018: €256klowest in 3 years
2019: €297k▲ +16.0% vs 2018highest in 3 years
2020: €297k▼ -0.1% vs 2019
2018 → 2020
EBIT margin
5.4%▼ 1.8pp
2019 · 7.2%
2018: 1.2%lowest in 3 years
2019: 7.2%▲ +510% vs 2018highest in 3 years
2020: 5.4%▼ -25.2% vs 2019
2018 → 2020
Net result
€23k▼ 63.9%
2024 · €64k
2018: €-2klowest in 8 years
2019: €13k▲ +981% vs 2018
2020: €8k▼ -37.9% vs 2019
2021: €111▼ -98.7% vs 2020
2022: €14k▲ +12136% vs 2021
2023: €39k▲ +185% vs 2022
2024: €64k▲ +64.2% vs 2023highest in 8 years
2025: €23k▼ -63.9% vs 2024
2018 → 2025
Working capital
€-9k▼ 462%
2024 · €-2k
2018: €36k
2019: €49k▲ +36.1% vs 2018
2020: €60k▲ +22.0% vs 2019
2021: €61k▲ +1.9% vs 2020
2022: €68k▲ +11.7% vs 2021highest in 8 years
2023: €-1k▼ -102% vs 2022
2024: €-2k▼ -45.7% vs 2023
2025: €-9k▼ -462% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€67k-€80k▲ 20.4%€8k▼ 90.0%€8k=€14k▲ 68.1%
2021: €67k
2022: €80k▲ +20.4% vs 2021highest in 5 years
2023: €8k▼ -90.0% vs 2022lowest in 5 years
2024: €8k● 0.0% vs 2023lowest in 5 years
2025: €14k▲ +68.1% vs 2024
Operating result€4k-€22k▲ 496%€56k▲ 153%€90k▲ 62.1%€38k▼ 57.5%
2021: €4klowest in 5 years
2022: €22k▲ +496% vs 2021
2023: €56k▲ +153% vs 2022
2024: €90k▲ +62.1% vs 2023highest in 5 years
2025: €38k▼ -57.5% vs 2024
Net result€111-€14k▲ 12,136%€39k▲ 185%€64k▲ 64.2%€23k▼ 63.9%
2021: €111lowest in 5 years
2022: €14k▲ +12136% vs 2021
2023: €39k▲ +185% vs 2022
2024: €64k▲ +64.2% vs 2023highest in 5 years
2025: €23k▼ -63.9% vs 2024
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 58% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €106k
Fixed assets
€23k ▲ 136%
Current assets
€83k ▼ 43.5%
Equity and liabilities €106k
Equity
€14k ▲ 68.1%
Debt
€93k ▼ 37.7%
Debt's share of the balance-sheet total falls from 94.9% to 87.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€42k▼
2024 · €94k
Cash flow
€26k▼
2024 · €67k
Current ratio
0.90▼
2024 · 0.99
Debt to equity
6.84▼
2024 · 18.46
ROE
169.7%▼
2024 · 789.5%
ROA
21.6%▼
2024 · 40.6%
Interest coverage
9.21▼
2024 · 11.31
Debt ≤ 1 year
€93k▼
2024 · €149k
Income taxes
€11k▼
2024 · €19k
Staff costs
€7k▼
2024 · €46k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€157k€106k▼
Fixed assets21/28€10k€23k▲
Tangible fixed assets22/27€8k€21k▲
Plant, machinery and equipment23€637€905▲
Furniture and vehicles24€7k€20k▲
Financial fixed assets28€2k€2k=
Current assets29/58€147k€83k▼
Amounts receivable within one year40/41€110k€32k▼
Trade receivables40€74k€31k▼
Other amounts receivable41€36k€487▼
Cash at bank and in hand54/58€33k€50k▲
Deferred charges and accrued income490/1€4k€2k▼
Equity and liabilities
Total equity and liabilities10/49€157k€106k▼
Equity10/15€8k€14k▲
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133-€2k
Profit (loss) carried forward14-€5k
Amounts payable17/49€149k€93k▼
Amounts payable within one year42/48€149k€93k▼
Trade debts44€52k€58k▲
Suppliers440/4€52k€58k▲
Taxes, remuneration and social security45€32k€32k▲
Taxes450/3€30k€32k▲
Remuneration and social security454/9€2k-
Other amounts payable47/48€64k€2k▼
Accrued charges and deferred income492/3€62€100▲
Income statement
Code20242025
Non-recurring operating income76A€1k-
Remuneration, social security and pensions62€46k€7k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▲
Other operating charges640/8€387€11k▲
Non-recurring operating charges66A€1k-
Gross operating margin9900€141k€60k▼
Operating profit (loss)9901€90k€38k▼
Financial income75/76B€171€272▲
Recurring financial income75€171€272▲
Financial charges65/66B€8k€5k▼
Recurring financial charges65€8k€5k▼
Profit (loss) for the period before taxes9903€82k€34k▼
Income taxes67/77€19k€11k▼
Profit (loss) for the period9904€64k€23k▼
Profit (loss) for the period to be appropriated9905€64k€23k▼
Appropriation of the result
Profit (loss) to be appropriated9906€64k€23k▼
Profit to be distributed694/7€64k€18k▼
Return on contributions (dividend)694€64k€18k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €2k | - | €1k | - | - |
| Remuneration, social security and pensions62 | €8k | €23k | €44k | €46k | €7k | ▼ 84.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €4k | €3k | €3k | €3k | ▲ 3.4% |
| Other operating charges640/8 | - | €348 | €1k | €387 | €11k | ▲ 2,677% |
| Non-recurring operating charges66A | €175 | €2k | €5k | €1k | - | - |
| Gross operating margin9900 | €18k | €51k | €108k | €141k | €60k | ▼ 57.8% |
| Operating profit (loss)9901 | €4k | €22k | €56k | €90k | €38k | ▼ 57.5% |
| Financial income75/76B | €209 | €611 | €59 | €171 | €272 | ▲ 58.8% |
| Recurring financial income75 | €209 | €611 | €59 | €171 | €272 | ▲ 58.8% |
| Financial charges65/66B | €3k | €4k | €5k | €8k | €5k | ▼ 45.2% |
| Recurring financial charges65 | €3k | €4k | €5k | €8k | €5k | ▼ 45.2% |
| Profit (loss) for the period before taxes9903 | €895 | €18k | €50k | €82k | €34k | ▼ 58.5% |
| Income taxes67/77 | €784 | €5k | €12k | €19k | €11k | ▼ 40.1% |
| Profit (loss) for the period9904 | €111 | €14k | €39k | €64k | €23k | ▼ 63.9% |
| Profit (loss) for the period to be appropriated9905 | €111 | €14k | €39k | €64k | €23k | ▼ 63.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €121k | €181k | €238k | €157k | €106k | ▼ 32.3% |
| Fixed assets21/28 | €6k | €13k | €11k | €10k | €23k | ▲ 136% |
| Tangible fixed assets22/27 | €4k | €11k | €9k | €8k | €21k | ▲ 169% |
| Plant, machinery and equipment23 | €527 | €174 | €0 | €637 | €905 | ▲ 42.1% |
| Furniture and vehicles24 | €3k | €11k | €9k | €7k | €20k | ▲ 180% |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €116k | €168k | €227k | €147k | €83k | ▼ 43.5% |
| Amounts receivable after more than one year29 | €63k | €57k | €51k | - | - | - |
| Other amounts receivable291 | €63k | €57k | €51k | - | - | - |
| Amounts receivable within one year40/41 | €41k | €86k | €136k | €110k | €32k | ▼ 71.0% |
| Trade receivables40 | €18k | €69k | €88k | €74k | €31k | ▼ 57.5% |
| Other amounts receivable41 | €23k | €17k | €48k | €36k | €487 | ▼ 98.7% |
| Cash at bank and in hand54/58 | €10k | €23k | €32k | €33k | €50k | ▲ 51.9% |
| Deferred charges and accrued income490/1 | €2k | €2k | €8k | €4k | €2k | ▼ 63.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €121k | €181k | €238k | €157k | €106k | ▼ 32.3% |
| Equity10/15 | €67k | €80k | €8k | €8k | €14k | ▲ 68.1% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | - | - |
| Distributable reserves133 | - | - | - | - | €2k | - |
| Profit (loss) carried forward14 | €59k | €72k | - | - | €5k | - |
| Amounts payable17/49 | €54k | €100k | €230k | €149k | €93k | ▼ 37.7% |
| Amounts payable within one year42/48 | €54k | €99k | €228k | €149k | €93k | ▼ 37.8% |
| Current portion of amounts payable after more than one year42 | €3k | - | - | - | - | - |
| Trade debts44 | €47k | €60k | €59k | €52k | €58k | ▲ 11.5% |
| Suppliers440/4 | €47k | €60k | €59k | €52k | €58k | ▲ 11.5% |
| Advances received on contracts in progress46 | - | €26k | €29k | - | - | - |
| Taxes, remuneration and social security45 | €4k | €13k | €29k | €32k | €32k | ▲ 0.7% |
| Taxes450/3 | €4k | €6k | €24k | €30k | €32k | ▲ 6.5% |
| Remuneration and social security454/9 | €688 | €7k | €5k | €2k | - | - |
| Other amounts payable47/48 | - | €210 | €112k | €64k | €2k | ▼ 97.0% |
| Accrued charges and deferred income492/3 | €91 | €1k | €2k | €62 | €100 | ▲ 59.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €111 | €14k | €39k | €64k | €23k | ▼ 63.9% |
| + Depreciation and write-downs630 | €7k | €4k | €3k | €3k | €3k | ▲ 3.4% |
| Operating cash flow (approximation) | €7k | €17k | €41k | €67k | €26k | ▼ 60.6% |
| Investment in fixed assets (approximation) | - | €-11k | €-990 | €-2k | €-17k | ▼ 921% |
| Change in cash | - | €13k | €9k | €918 | €17k | ▲ 1,748% |
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
Next filing, fiscal year 2026, expected by
2026
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €64k ▲64.2%
Operating result €90k, net result €64k, both a record.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 6 days late
2022
06-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 67 days late
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2020
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
2019
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
01-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Eghezée · 1 establishment unit since 2007
Ground area
1,608 m²
Building footprint
257 m²
Volume, LiDAR
788 m³
2 parcels, Wallonia · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Getherm
since 20072.159.596.419
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25091C0002/00T002 | Wallonia | 1,144 m² | 1 · 144 m² | 6.8 m · 2 fl. |
| 92072A0506/00K000 | Wallonia | 464 m² | 1 · 113 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,528 companies in sector 43222 we hold annual accounts for 5,663. 2,976 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
Founded31-01-2007
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.