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Logitherm

Active
Private limited companyfounded 2014active for 12 yearsRue du Trieu du Bois(GOZ) 15, 6534 Thuin, BelgiumKBO/BCE: BE 0553.662.439
Summary

The computed 12-month bankruptcy probability of Logitherm is 5.2% (elevated). The 2024 annual accounts show equity of €23,177 and a net result of €4,975. Equity is growing by about 35% per year across the filed financial years. Its solvency ranks better than 26% of 35,968 sector peers (NACE 43, financial year 2024). The company has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Installation of electric heating, air conditioning, cooling and ventilation
NACE 43222
1 site
Size
€92,380total assets 2024
Equity
€23,177
Profit
€4,975
Turnover not published (micro format)
Financial health
37 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
5.2%
Structure
Accounts 75 days overdue0 of 5 deeds read
Why 37raises riskFigures for financial year 2024 (filed 08-10-2025)1 financial year not filed after the legal deadline; latest accounts 64 days late; 1 of the last 3 lateLiquidity: current ratio 1.33, cash €6, halvedlowers riskSize: total assets €92,380Show the evidence

Checked score

Score 2024
37 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 32% of its sector peers (NACE 43, micro)
Financial strength · tick = 2023
Weak
Solvency 50-6
equity 25.1% of total assets
Liquidity 9-8
short-term debt 74.9% · cash 0.0%
Profitability 51+14
return on assets 5.4%
Bankruptcy probability, 12 months
5.2% Elevated
0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,546 companies, NACE 43, micro)
Last 24 months 11-2024: 1.3% 12-2024: 1.1%▼ -0.2 percentage points vs 11-2024lowest value 01-2025: 1.1%● unchanged vs 12-2024lowest value 02-2025: 1.2%▲ +0.1 percentage points vs 01-2025 03-2025: 1.2%● unchanged vs 02-2025 04-2025: 1.3%▲ +0.1 percentage points vs 03-2025 05-2025: 1.5%▲ +0.2 percentage points vs 04-2025 06-2025: 1.4%▼ -0.1 percentage points vs 05-2025 07-2025: 1.6%▲ +0.2 percentage points vs 06-2025 08-2025: 2.5%▲ +0.9 percentage points vs 07-2025 09-2025: 3.5%▲ +1.0 percentage point vs 08-2025 10-2025: 6.6%▲ +3.1 percentage points vs 09-2025highest value 11-2025: 4.1%▼ -2.5 percentage points vs 10-2025 12-2025: 4.1%● unchanged vs 11-2025 01-2026: 4.1%● unchanged vs 12-2025 02-2026: 4.1%● unchanged vs 01-2026 03-2026: 4.2%▲ +0.1 percentage points vs 02-2026 04-2026: 4.4%▲ +0.2 percentage points vs 03-2026 05-2026: 4.6%▲ +0.2 percentage points vs 04-2026 06-2026: 4.5%▼ -0.1 percentage points vs 05-2026 07-2026: 4.5%● unchanged vs 06-2026 08-2026: 5.5%▲ +1.0 percentage point vs 07-2026 09-2026: 6.6%▲ +1.1 percentage points vs 08-2026 10-2026: 5.2%▼ -1.4 percentage points vs 09-2026
Credit of up to €500 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity tight (current ratio 1.33, compared with 1.45 in 2023, below the usual 1.5; short-term debt: 74.9% and cash: 0% of total assets), and 74.9% of the assets are financed with debt and provisions.
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 27% on solvency, 6% on liquidity, 24% on profitability and 73% on growth.

The bankruptcy probability was computed on 14-10-2026 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

Six signals.
lowers riskraises riskneutral
raises risk · Figures for financial year 2024 (filed 08-10-2025)
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 64 days late; 1 of the last 3 late
NBB · filings
raises risk · Liquidity: current ratio 1.33, cash €6, halved
NBB · annual accounts
lowers risk · Size: total assets €92,380
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 75 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline14-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-10-2025, 64 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
64 days late
2023
29 days late
2022
24 days late
2021
30 days late
2020
27 days late
2019
35 days early
← 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 23 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 (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · micro…
  2. Back to profitnet €4,975
  3. Annual accounts filedfinancial year 2023 · micro…

Key points

  • Caution: Accounts not fileddeadline was 31-07-2026 75 days late View
  • Total assets 20246 financial years filed €92,380 View
  • Active since 2014founded 06-06-2014 12 years View

By topic

Financials

Financial year
2024
Total assets
€92,380
Profit
€4,975
Solvency
25.1%
Total assets▲ 57.6%
Net result
20182024
Go to Financials

Timeline

Events
15
Since
2015
  1. 31-12-2023Weakest financial year
  2. 24-08-2023Annual accounts filed
  3. 30-08-2022Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Installation of electric heating, air conditioning, cooling and…NACE 43222
Founded
06-06-2014
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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