LUCITHERM
ActiveSummary
LUCITHERM has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €369,977 and a net result of €23,693. Equity is shrinking by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 90% of 28806 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Overview
What they do
Installation of electric heating, air conditioning, cooling and ventilation
NACE 43222NACE 45331
1 site
How big
€428,566total assets 2025
- Staff
- 1.3 FTE
- Equity
- €369,977
- Profit
- €23,693
Turnover not published (abridged schema)
Who decides
Accounts filed 52 d late0 of 2 deeds read
Why 75- Higher-failure-rate sector- Higher-failure-rate region+ Long track record+ Annual accounts: healthy financial profileFiled after the deadlineShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability76▼-2
Solvency100▲+16
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 6.74 against 2.38 in 2024; short-term debt: 13.7% and cash: 8% of total assets), and 13.7% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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
86.3%
Return on assets
5.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-09-2026, 52 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
52 d late
2024
27 d late
2023
58 d late
2022
19 d early
2021
31 d late
2020
26 d late
2019
25 d 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 29 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 (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. Usually files around 31 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Weakest financial yearnet €23,693 ▼50.4%
- Liquidity triplescurrent ratio 6.74
Financials
Fiscal year 2025Total assets €428,566Profit €23,693Solvency 86.3%Liquidity 6.74
Total assets
€428,566▼ 34.0%
2018 - 2025
Net result
€23,693▼ 50.4%
2018 - 2025
Equity
€369,977▼ 2.7%
2018 - 2025
Staff (FTE)
1.3=
2018 - 2025
Financials · fiscal year 2025, micro schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€90,391▲ 8.5%€52,846▼ 41.5%€46,860▼ 11.3%€66,751▲ 42.4%€37,051▼ 44.5%
Net result€66,158above the sector's middle half▲ 1.0%€38,379above the sector's middle half▼ 42.0%€32,791above the sector's middle half▼ 14.6%€47,739above the sector's middle half▲ 45.6%€23,693within the sector's middle half▼ 50.4%
Equity€488,564above the sector's middle half▼ 10.3%€523,662above the sector's middle half▲ 7.2%€405,045above the sector's middle half▼ 22.7%€380,284above the sector's middle half▼ 6.1%€369,977above the sector's middle half▼ 2.7%
Total assets€709,095above the sector's middle half▲ 7.0%€728,531above the sector's middle half▲ 2.7%€614,055above the sector's middle half▼ 15.7%€649,738above the sector's middle half▲ 5.8%€428,566above the sector's middle half▼ 34.0%
Debt€220,531▲ 87.6%€204,869▼ 7.1%€209,010▲ 2.0%€269,455▲ 28.9%€58,589▼ 78.3%
Working capital€474,838above the sector's middle half▼ 9.7%€515,197above the sector's middle half▲ 8.5%€400,525above the sector's middle half▼ 22.3%€371,473above the sector's middle half▼ 7.3%€336,397above the sector's middle half▼ 9.4%
Solvency68.9%above the sector's middle half▼ 13.4pp71.9%above the sector's middle half▲ 3.0pp66.0%within the sector's middle half▼ 5.9pp58.5%within the sector's middle half▼ 7.4pp86.3%above the sector's middle half▲ 27.8pp
Current ratio3.15above the sector's middle half▼ 2.323.51above the sector's middle half▲ 0.362.92within the sector's middle half▼ 0.602.38within the sector's middle half▼ 0.546.74above the sector's middle half▲ 4.36
Return on assets (ROA)9.3%within the sector's middle half▼ 0.6pp5.3%within the sector's middle half▼ 4.1pp5.3%within the sector's middle half▲ 0.1pp7.3%within the sector's middle half▲ 2.0pp5.5%within the sector's middle half▼ 1.8pp
Staff (FTE)1.2=1.3▲ 8.3%1.2▼ 7.7%1.3▲ 8.3%1.3=
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 and balance sheet
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 44% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €428,566
Fixed assets
€33,580 ▲ 281%
Current assets
€394,986 ▼ 38.4%
Equity and liabilities €428,566
Equity
€369,977 ▼ 2.7%
Debt
€58,589 ▼ 78.3%
Debt's share of the balance-sheet total falls from 41.5% to 13.7%. Equity and debt are lower.
Key figures and ratios
Key figures and ratios
EBITDA
€40,798▼
2024 · €68,144
Cash flow
€27,441▼
2024 · €49,132
Quick ratio
6.47▲
2024 · 2.32
Debt to equity
0.16▼
2024 · 0.71
ROE
6.4%▼
2024 · 12.6%
Interest coverage
15.16▼
2024 · 29.66
Debt ≤ 1 year
€58,589▼
2024 · €269,455
Income taxes
€14,828▼
2024 · €18,307
Staff costs
€68,945▼
2024 · €75,040
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% 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
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 31,371 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.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €58,635 | €69,521 | €67,228 | €75,040 | €68,945 | ▼ 8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,070 | €8,563 | €4,069 | €1,393 | €3,748 | ▲ 169% |
| Other operating charges640/8 | €785 | €1,475 | €1,138 | €1,335 | €1,071 | ▼ 19.8% |
| Gross operating margin9900 | €157,881 | €132,406 | €119,295 | €144,520 | €110,815 | ▼ 23.3% |
| Operating profit (loss)9901 | €90,391 | €52,846 | €46,860 | €66,751 | €37,051 | ▼ 44.5% |
| Financial income75/76B | €2,594 | €2,764 | €1,969 | €1,592 | €4,161 | ▲ 161% |
| Recurring financial income75 | €2,594 | €2,764 | €1,969 | €1,592 | €4,161 | ▲ 161% |
| Financial charges65/66B | €2,956 | €2,338 | €2,464 | €2,297 | €2,691 | ▲ 17.2% |
| Recurring financial charges65 | €2,956 | €2,338 | €2,464 | €2,297 | €2,691 | ▲ 17.2% |
| Profit (loss) for the period before taxes9903 | €90,029 | €53,272 | €46,365 | €66,046 | €38,520 | ▼ 41.7% |
| Income taxes67/77 | €23,871 | €14,894 | €13,574 | €18,307 | €14,828 | ▼ 19.0% |
| Profit (loss) for the period9904 | €66,158 | €38,379 | €32,791 | €47,739 | €23,693 | ▼ 50.4% |
| Transfer to tax-exempt reserves689 | - | - | - | €47,739 | - | - |
| Profit (loss) for the period to be appropriated9905 | €66,158 | €38,379 | €32,791 | - | €23,693 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €709,095 | €728,531 | €614,055 | €649,738 | €428,566 | ▼ 34.0% |
| Fixed assets21/28 | €13,726 | €8,465 | €4,520 | €8,811 | €33,580 | ▲ 281% |
| Tangible fixed assets22/27 | €13,331 | €8,070 | €4,001 | €8,291 | €32,937 | ▲ 297% |
| Plant, machinery and equipment23 | €3,335 | €2,179 | €1,515 | €888 | €338 | ▼ 62.0% |
| Furniture and vehicles24 | €9,996 | €5,891 | €2,486 | €7,403 | €32,599 | ▲ 340% |
| Financial fixed assets28 | €395 | €395 | €519 | €519 | €643 | ▲ 23.9% |
| Current assets29/58 | €695,369 | €720,066 | €609,535 | €640,928 | €394,986 | ▼ 38.4% |
| Stocks and contracts in progress3 | €16,220 | €14,788 | €17,745 | €16,424 | €16,074 | ▼ 2.1% |
| Stocks30/36 | €16,220 | €14,788 | €17,745 | €16,424 | €16,074 | ▼ 2.1% |
| Amounts receivable within one year40/41 | €17,832 | €47,857 | €35,326 | €62,875 | €42,990 | ▼ 31.6% |
| Trade receivables40 | €17,832 | €25,359 | €15,889 | €26,481 | €4,875 | ▼ 81.6% |
| Other amounts receivable41 | - | €22,498 | €19,438 | €36,394 | €38,115 | ▲ 4.7% |
| Current investments50/53 | €343,411 | €368,518 | €392,517 | €450,017 | €289,017 | ▼ 35.8% |
| Cash at bank and in hand54/58 | €310,107 | €278,992 | €148,174 | €96,264 | €34,406 | ▼ 64.3% |
| Deferred charges and accrued income490/1 | €7,799 | €9,911 | €15,772 | €15,347 | €12,499 | ▼ 18.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €709,095 | €728,531 | €614,055 | €649,738 | €428,566 | ▼ 34.0% |
| Equity10/15 | €488,564 | €523,662 | €405,045 | €380,284 | €369,977 | ▼ 2.7% |
| Contributions10/11 | €170,000 | €170,000 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €283,268 | €318,366 | €351,157 | €326,396 | €316,089 | ▼ 3.2% |
| Non-distributable reserves130/1 | €17,000 | €17,000 | €17,000 | €17,000 | €17,000 | = |
| Reserves not available under the articles1311 | €17,000 | €17,000 | €17,000 | €17,000 | €17,000 | = |
| Tax-exempt reserves132 | €33,150 | €33,150 | €33,150 | €33,150 | €33,150 | = |
| Distributable reserves133 | €233,118 | €268,216 | €301,007 | €276,246 | €265,939 | ▼ 3.7% |
| Profit (loss) carried forward14 | €35,296 | €35,296 | €35,296 | €35,296 | €35,296 | = |
| Amounts payable17/49 | €220,531 | €204,869 | €209,010 | €269,455 | €58,589 | ▼ 78.3% |
| Amounts payable within one year42/48 | €220,531 | €204,869 | €209,010 | €269,455 | €58,589 | ▼ 78.3% |
| Trade debts44 | €844 | €4,196 | €5,454 | €780 | €572 | ▼ 26.7% |
| Suppliers440/4 | €844 | €4,196 | €5,454 | €780 | €572 | ▼ 26.7% |
| Taxes, remuneration and social security45 | €31,894 | €31,040 | €27,855 | €36,362 | €36,112 | ▼ 0.7% |
| Taxes450/3 | €16,841 | €7,106 | €4,219 | €4,425 | €3,829 | ▼ 13.5% |
| Remuneration and social security454/9 | €15,053 | €23,935 | €23,636 | €31,937 | €32,283 | ▲ 1.1% |
| Other amounts payable47/48 | €187,794 | €169,633 | €175,701 | €232,313 | €21,906 | ▼ 90.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €66,158 | €38,379 | €32,791 | €47,739 | €23,693 | ▼ 50.4% |
| + Depreciation and write-downs630 | €8,070 | €8,563 | €4,069 | €1,393 | €3,748 | ▲ 169% |
| Operating cash flow (approximation) | €74,227 | €46,942 | €36,860 | €49,132 | €27,441 | ▼ 44.1% |
| Investment in fixed assets (approximation) | - | -€3,302 | -€124 | -€5,683 | -€28,517 | ▼ 402% |
| Change in cash | - | -€31,115 | -€130,818 | -€51,910 | -€61,858 | ▼ 19.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
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GODFRIND SRL
BE 0474.567.451
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JOHN MATHEN
BE 0874.988.795
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MICHAEL LAMBERT SPRL
BE 0839.685.943
Bastogne · Eq €369,419
Of 9,543 companies in this sector we hold annual accounts for 5,667. 4,378 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
15 eventsLatest 21-09-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 52 days late
2025
31-12
Financial
Weakest financial yearnet €23,693 ▼50.4%
Net result drops to €23,693, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 6.74
Current ratio from 2.38 to 6.74; short-term debt falls from €269,455 to €58,589.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €500,000Eq €523,662 ▲7.2%
5 profitable years in a row build equity to €523,662.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €66,158 ▲1%
Operating result €90,391, net result €66,158, both a record.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
31-12
Financial
Equity above €500,000Eq €506,946 ▲7.5%
2 profitable years in a row build equity to €506,946.
Show earlier events
09-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 70 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
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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Company details
Private limited company · founded 25-09-1997Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded25-09-1997
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
Contact
Website
www.lucitherm.be
E-mail
info@lucitherm.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0461519664
Also
9925:BE0461519664
Registered
08-08-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Sint-Pieters-Woluwe · 1 establishment unit since 1997
Ground area
198 m²
Building footprint
92 m²
Volume, LiDAR
776 m³
Parcel 21683D0213/00C003, Brussels · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Edouard Gersisstraat 22, 1150 Sint-Pieters-Woluwe
since 1997unit no. 2.084.117.254
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21683D0213/00C003 | Brussels | 198 m² | 1 · 92 m² | 11.7 m · 3 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.
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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