LATHERM - TECHNICS
ActiveSummary
LATHERM - TECHNICS has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €113,519 and a net result of €8,775. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 82% of 36386 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability76▲+64
Solvency100▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 4.29 against 3.9 in 2023; short-term debt: 23.3% and cash: 0.1% of total assets), and 23.7% of the assets are financed with debt.
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Signals
Three 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-10-2025, 90 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
90 d late
2023
61 d late
2022
61 d late
2021
61 d late
2020
61 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 71 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€113,519▲ 8.4%
2023 · €104,744
Total assets
€148,750▲ 4.8%
2023 · €141,884
Net result
€8,775
2023 · -€7,995
Working capital
€113,950▲ 8.1%
2023 · €105,385
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€7,687▼ 28.4%€4,958▼ 35.5%-€1,811-€6,933▼ 283%€10,894
Net result€12,637within the sector's middle half▼ 12.7%€1,917within the sector's middle half▼ 84.8%-€3,019below the sector's middle half-€7,995below the sector's middle half▼ 165%€8,775within the sector's middle half
Equity€113,841within the sector's middle half▲ 12.5%€115,758within the sector's middle half▲ 1.7%€112,739within the sector's middle half▼ 2.6%€104,744within the sector's middle half▼ 7.1%€113,519within the sector's middle half▲ 8.4%
Total assets€147,720within the sector's middle half▲ 1.8%€151,454within the sector's middle half▲ 2.5%€157,100within the sector's middle half▲ 3.7%€141,884within the sector's middle half▼ 9.7%€148,750within the sector's middle half▲ 4.8%
Debt€33,879▼ 22.9%€35,697▲ 5.4%€44,362▲ 24.3%€37,140▼ 16.3%€35,231▼ 5.1%
Working capital€113,649above the sector's middle half▲ 12.5%€115,653above the sector's middle half▲ 1.8%€113,085above the sector's middle half▼ 2.2%€105,385above the sector's middle half▼ 6.8%€113,950above the sector's middle half▲ 8.1%
Solvency77.1%above the sector's middle half▲ 7.3pp76.4%above the sector's middle half▼ 0.6pp71.8%above the sector's middle half▼ 4.7pp73.8%above the sector's middle half▲ 2.1pp76.3%above the sector's middle half▲ 2.5pp
Current ratio4.85above the sector's middle half▲ 1.204.54above the sector's middle half▼ 0.313.67above the sector's middle half▼ 0.873.90above the sector's middle half▲ 0.234.29above the sector's middle half▲ 0.39
Return on assets (ROA)8.6%within the sector's middle half▼ 1.4pp1.3%within the sector's middle half▼ 7.3pp-1.9%below the sector's middle half▼ 3.2pp-5.6%below the sector's middle half▼ 3.7pp5.9%within the sector's middle half▲ 11.5pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €10,894 after a loss of €6,933 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €148,750
Fixed assets
€211 =
Current assets
€148,539 ▲ 4.8%
Equity and liabilities €148,750
Equity
€113,519 ▲ 8.4%
Debt
€35,231 ▼ 5.1%
Debt's share of the balance-sheet total falls from 26.2% to 23.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€11,254▲
2023 · -€5,496
Cash flow
€9,134▲
2023 · -€6,557
Quick ratio
4.14▲
2023 · 3.62
Debt to equity
0.31▼
2023 · 0.35
ROE
7.7%▲
2023 · -7.6%
Interest coverage
6.59▲
2023 · -7.35
Debt ≤ 1 year
€34,590▼
2023 · €36,288
Income taxes
€415▲
2023 · €317
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,349 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,438 | €1,438 | €1,438 | €1,438 | €359 | ▼ 75.0% |
| Other operating charges640/8 | - | €1,348 | €1,196 | €1,181 | €1,470 | ▲ 24.5% |
| Gross operating margin9900 | €10,381 | €7,744 | €823 | -€4,314 | €12,724 | ▲ 395% |
| Operating profit (loss)9901 | €7,687 | €4,958 | -€1,811 | -€6,933 | €10,894 | ▲ 257% |
| Financial income75/76B | - | €1 | - | €3 | €3 | ▲ 8.3% |
| Recurring financial income75 | €11,782 | €1 | - | €3 | €3 | ▲ 8.3% |
| Financial charges65/66B | - | €1,904 | €906 | €747 | €1,707 | ▲ 128% |
| Recurring financial charges65 | €2,822 | €1,904 | €906 | €747 | €1,707 | ▲ 128% |
| Profit (loss) for the period before taxes9903 | €16,647 | €3,056 | -€2,717 | -€7,678 | €9,190 | ▲ 220% |
| Income taxes67/77 | €4,010 | €1,139 | €301 | €317 | €415 | ▲ 31.2% |
| Profit (loss) for the period9904 | €12,637 | €1,917 | -€3,019 | -€7,995 | €8,775 | ▲ 210% |
| Profit (loss) for the period to be appropriated9905 | €12,637 | €1,917 | -€3,019 | -€7,995 | €8,775 | ▲ 210% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €147,720 | €151,454 | €157,100 | €141,884 | €148,750 | ▲ 4.8% |
| Fixed assets21/28 | €4,524 | €3,086 | €1,649 | €211 | €211 | = |
| Tangible fixed assets22/27 | €4,313 | €2,876 | €1,438 | - | - | - |
| Leasing and similar rights25 | - | €2,876 | €1,438 | - | - | - |
| Financial fixed assets28 | €211 | €211 | €211 | €211 | €211 | = |
| Current assets29/58 | €143,196 | €148,368 | €155,452 | €141,674 | €148,539 | ▲ 4.8% |
| Stocks and contracts in progress3 | €1,843 | €6,913 | €10,279 | €10,487 | €5,214 | ▼ 50.3% |
| Stocks30/36 | - | €6,913 | €10,279 | €10,487 | €5,214 | ▼ 50.3% |
| Amounts receivable within one year40/41 | €140,443 | €140,277 | €137,609 | €130,005 | €142,519 | ▲ 9.6% |
| Trade receivables40 | - | €14,187 | €30,589 | €12,008 | €11,658 | ▼ 2.9% |
| Other amounts receivable41 | - | €126,090 | €107,020 | €117,998 | €130,861 | ▲ 10.9% |
| Cash at bank and in hand54/58 | €435 | €365 | €572 | €160 | €160 | = |
| Deferred charges and accrued income490/1 | - | €813 | €6,991 | €1,022 | €647 | ▼ 36.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €147,720 | €151,454 | €157,100 | €141,884 | €148,750 | ▲ 4.8% |
| Equity10/15 | €113,841 | €115,758 | €112,739 | €104,744 | €113,519 | ▲ 8.4% |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €61,859 | €61,859 | €61,859 | €61,859 | €61,859 | = |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | - | €60,000 | €60,000 | €60,000 | €60,000 | = |
| Profit (loss) carried forward14 | €33,390 | €35,306 | €32,288 | €24,293 | €33,068 | ▲ 36.1% |
| Amounts payable17/49 | €33,879 | €35,697 | €44,362 | €37,140 | €35,231 | ▼ 5.1% |
| Amounts payable after more than one year17 | €3,753 | €2,268 | €688 | - | - | - |
| Financial debts170/4 | - | €2,268 | €688 | - | - | - |
| Amounts payable within one year42/48 | €29,547 | €32,715 | €42,367 | €36,288 | €34,590 | ▼ 4.7% |
| Current portion of amounts payable after more than one year42 | - | €1,485 | €1,580 | €688 | - | - |
| Financial debts43 | - | €3,461 | €922 | €4,302 | €4,947 | ▲ 15.0% |
| Credit institutions430/8 | - | €3,461 | €922 | €4,302 | €4,947 | ▲ 15.0% |
| Trade debts44 | €15,085 | €19,727 | €35,445 | €27,743 | €26,540 | ▼ 4.3% |
| Suppliers440/4 | - | €19,727 | €35,445 | €27,743 | €26,540 | ▼ 4.3% |
| Taxes, remuneration and social security45 | - | €8,042 | €4,420 | €3,556 | €3,102 | ▼ 12.8% |
| Taxes450/3 | - | €8,042 | €4,420 | €3,556 | €3,102 | ▼ 12.8% |
| Accrued charges and deferred income492/3 | - | €714 | €1,307 | €851 | €641 | ▼ 24.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,637 | €1,917 | -€3,019 | -€7,995 | €8,775 | ▲ 210% |
| + Depreciation and write-downs630 | €1,438 | €1,438 | €1,438 | €1,438 | €359 | ▼ 75.0% |
| Operating cash flow (approximation) | €14,075 | €3,355 | -€1,581 | -€6,557 | €9,134 | ▲ 239% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€359 | - |
| Change in cash | - | -€70 | €207 | -€413 | €0 | ▲ 100% |
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
2025
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 90 days late
2024
31-12
Financial
Back to profitnet €8,775
Net result €8,775 after 2 loss-making years.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet -€7,995
Net result drops to -€7,995, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Highest result since 2018net €14,470 ▲21.1%
Net result €14,470, the highest in the series.
31-12
Financial
Equity above €100,000Eq €101,204 ▲16.7%
2 profitable years in a row build equity to €101,204.
28-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 59 days late
2018
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 60 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Deinze · 1 establishment unit since 1993
Ground area
1,022 m²
Building footprint
137 m²
Volume, LiDAR
717 m³
Parcel 44004A1001/00N000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LATHERM-TECHNICS LT
since 19932.061.985.319
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44004A1001/00N000 | Flanders | 1,022 m² | 1 · 137 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,536 companies in sector 43222 we hold annual accounts for 5,669. 4,934 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 (pre-2019)
Founded09-04-1993
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0449815625
Also
9925:BE0449815625
Registered
22-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.