Financials
- Financial year
- 2025
- Total assets
- €523,423
- Loss
- -€374,625
- Solvency
- 99.7%
Turnover▼ 59.8%
Net result
20182021
HYDRO-THERM
ActiveSummary
The annual accounts of HYDRO-THERM for financial year 2025 show a net loss of 72% of total assets. The 2025 annual accounts show equity of €521,658 and a net result of -€374,625. Equity is growing by about 4.4% per year across the filed financial years. Its solvency ranks better than 95% of 9,591 sector peers (NACE 43, financial year 2025). The company has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.0% (low).
Overview
Activity
Installation of electric heating, air conditioning, cooling and ventilation
NACE 43222
1 site
Size
€523,423total assets 2025
- Equity
- €521,658
- Loss
- -€374,625
Structure
Accounts filed 5 days late0 of 6 deeds read
Why 55raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €374,625 (financial year 2025)Liquidity: current ratio 292.15, cash €456Sector: Specialised construction activities (NACE 43)lowers riskEquity €521,658 (99.7% of total assets)Show the evidence
Checked score
Score 2025
55
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 37% of its sector peers (NACE 43, micro)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Average
Solvency
100=
equity 99.7% of total assets
Liquidity
50=
short-term debt 0.3% · cash 0.1%
Profitability
0-48
return on assets -71.6%
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.4%lowest value
12-2024: 0.4%● unchanged vs 11-2024lowest value
01-2025: 0.4%● unchanged vs 12-2024lowest value
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.6%▲ +0.2 percentage points vs 06-2025
08-2025: 0.9%▲ +0.3 percentage points vs 07-2025
09-2025: 0.4%▼ -0.5 percentage points vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.5%▲ +0.1 percentage points vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 0.9%▲ +0.4 percentage points vs 07-2026
09-2026: 1.0%▲ +0.1 percentage points vs 08-2026highest value
10-2026: 1.0%● unchanged vs 09-2026highest value
Credit of up to €25,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
short-term debt: 0.3% and cash: 0.1% of total assets, and 0.3% of the assets are financed with debt.
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 43, micro): better than 90% on solvency, 44% on liquidity, 4% on profitability and 10% on growth.
The bankruptcy probability was computed on 09-10-2026 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 risk+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-08-2026, 5 days later. For context: 47% of Belgian companies file late, and of those that file 1 to 90 days late, 2.0% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
5 days late
2024
28 days late
2023
50 days early
2022
13 days early
2021
18 days late
2020
114 days late
2019
90 days late
← 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 27 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% 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 5 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
09-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · abbreviated…
- Weakest financial yearnet -€374,625
- Annual accounts filedfinancial year 2024 · micro…
Key points
By topic
Timeline
- Events
- 21
- Since
- 2008
- Next accounts
- by 31-07-2027
- 11-06-2024Annual accounts filed
- 31-12-2023Liquidity more than doubles
- 18-07-2023Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Installation of electric heating, air conditioning, cooling and…NACE 43222
- Founded
- 16-04-2007
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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