iThermAI
ActiveiThermAI has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €58k and a net result of €-4k. Equity is growing by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 59% of 9388 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability63▼-31
Solvency88▼-12
Growth52=
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 2.48 against 6.14 in 2024; short-term debt: 36.8% and cash: 43.9% of total assets), and 36.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
63.2%
Return on assets
-4.9%
Age of the figures
9 mo
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 08-06-2026, 53 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
53 d early
2024
30 d early
2023
37 d early
2022
32 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€15k
EBIT margin
304.9%
Net result
€-4k
2024 · €15k
2022: €44k
2023: €-7k
2024: €15k
2022 → 2025
Working capital
€50k▲ 4.8%
2024 · €47k
2022: €40k
2023: €30k
2024: €47k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Turnover€15k-
Equity€54k-€48k▼ 12.2%€62k▲ 30.5%€58k▼ 7.2%
Operating result€46k-€-5k€29k€-4k
Net result€44k-€-7k€15k€-4k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €4k after €29k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €91k
Fixed assets
€8k▼ 45.8%
Current assets
€83k▲ 47.1%
Equity and liabilities €91k
Equity
€58k▼ 7.2%
Debt
€34k▲ 265%
The debt ratio rises from 12.9% to 36.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€2k▼
2024 · €36k
Cash flow
€2k▼
2024 · €21k
Solvency
63.2%▼
2024 · 87.1%
Current ratio
2.48▼
2024 · 6.14
Quick ratio
2.48▼
2024 · 6.14
Debt / equity
0.58▲
2024 · 0.15
ROE
-7.7%▼
2024 · 23.4%
ROA
-4.9%▼
2024 · 20.4%
Interest coverage
37.70▼
2024 · 1123.04
Debt
€34k▲
2024 · €9k
Debt ≤ 1 year
€34k▲
2024 · €9k
Income taxes
€176▼
2024 · €15k
Staff costs
€7k▼
2024 · €25k
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€71k€91k▲
Fixed assets21/28€15k€8k▼
Tangible fixed assets22/27€14k€8k▼
Plant, machinery and equipment23€0-
Furniture and vehicles24€14k€8k▼
Financial fixed assets28€544€0▼
Current assets29/58€57k€83k▲
Amounts receivable within one year40/41€9k€8k▼
Trade receivables40€1k€0▼
Other amounts receivable41€7k€8k▲
Current investments50/53€35k€35k=
Cash at bank and in hand54/58€12k€40k▲
Deferred charges and accrued income490/1€679€683▲
Equity and liabilities
Total equity and liabilities10/49€71k€91k▲
Equity10/15€62k€58k▼
Contributions10/11€10k€10k=
Reserves13€52k€52k=
Non-distributable reserves130/1€35k€35k=
Own shares acquired1312€35k€35k=
Distributable reserves133€17k€17k=
Profit (loss) carried forward14€0€-4k▼
Amounts payable17/49€9k€34k▲
Amounts payable within one year42/48€9k€34k▲
Trade debts44€1k€20k▲
Suppliers440/4€1k€20k▲
Taxes, remuneration and social security45€7k€10k▲
Taxes450/3€6k€8k▲
Remuneration and social security454/9€1k€2k▲
Other amounts payable47/48€879€4k▲
Income statement
Code20242025
Remuneration, social security and pensions62€25k€7k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k▲
Other operating charges640/8€703€891▲
Non-recurring operating charges66A€0-
Gross operating margin9900€61k€10k▼
Operating profit (loss)9901€29k€-4k▼
Financial income75/76B€123€106▼
Recurring financial income75€123€106▼
Financial charges65/66B€32€55▲
Recurring financial charges65€32€55▲
Profit (loss) for the period before taxes9903€29k€-4k▼
Income taxes67/77€15k€176▼
Profit (loss) for the period9904€15k€-4k▼
Profit (loss) for the period to be appropriated9905€15k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€9k€-4k▼
Profit (loss) brought forward from the previous period14P€-6k€0▲
Transfer to equity691/2€9k€0▼
To other reserves6921€9k€0▼
The notes to these accounts (9 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
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 6.14
Current ratio from 1.95 to 6.14; short-term debt falls from €32k to €9k.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-7k ▼115%
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Leuven · 1 establishment unit since 2021
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.
Hollestraat 203001 LeuvenGround area
5,172 m²
Building footprint
1,348 m²
Volume, LiDAR
4,783 m³
2 parcels, Flanders · tallest building 6.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Industrieweg 3, 3001 Leuven
since 20212.320.066.784
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24514B0186/00S000 | Flanders | 3,077 m² | 1 · 918 m² | 6.5 m · 2 fl. |
| 24432D0140/02C000 | Flanders | 2,096 m² | 1 · 431 m² | - |
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.
Structure & network
Connections & network
3 connected companiesNetwork connections
Shared address
→
Shared address
→
Shared address
→
Similar companies · same sector, comparable size
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COURSIER FRANS
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opersci
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Of 11,554 companies in sector 71121 we hold annual accounts for 6,557. 4,988 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-04-2021
Fiscal year end31-12
Activities, NACEBEL
63100Computing infrastructure, data processing, hosting and related activities
63110Computing infrastructure, data processing, hosting and other information service activities
71121Engineering and related technical consultancy, excluding land surveyors
26110Manufacture of computer, electronic and optical products
47400Retail sale of information and communication equipment
47430Retail trade
62020IT consultancy
62200Computer consultancy and computer facilities management
72109Other research and development on natural sciences
74909Other professional, scientific and technical activities
74999Other professional, scientific and technical activities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.