Equity
€42,823 ▲ 773%
TERMO ISOLATION paid out €10,000 in dividends. That is 25% of the 2024 profit.
TERMO ISOLATION
Lifetime
6 annual accounts with figures on one time axispeak €62,788 (2024)
€62,788▲ 178%
lowest -€5,398 (2022)
€39,898▲ 151%
peak €42,823 (2024)
€42,823▲ 773%
€83,721▲ 91.4%
Board6 names since 2019
1 directorOSORIO FIGUEIRA Francisco
Documentsfilings and deeds
13-10-202574 days late
2024micro format
Gross margin from €22,608 to €62,788Result from €15,877 to €39,898Legal-form change 23-02Resignation: RODRIGUESDEMATOS VitorManuel (director) 22-02Dividend €10,000Equity from €4,905 to €42,823
Key points
from the 2024 annual accountsTurnover
≈ €190,000 estimated
The micro format states no turnover.
Investments
€20,500 4.1 × depreciation
Green is investment, beige is depreciation.
Filings
6 annual accounts 103 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
At the same address
307 companies
Board
1 joined · 1 left
Board changed. Latest change 03-08-2026 · 1 in office.
Checked score
19
Critical
Financially stronger than 61% of micro companies without a NACE code
Probability in this band: over 15.0%
Bankruptcy probability within 12 months
16.9% High
0%0.5%1.5%4%10%≥ 25%
About 1 in 6 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 10.2%
01-2025: 4.0%▼ -6.2 percentage points vs 12-2024
02-2025: 3.9%▼ -0.1 percentage points vs 01-2025
03-2025: 3.9%● unchanged vs 02-2025
04-2025: 4.0%▲ +0.1 percentage points vs 03-2025
05-2025: 3.6%▼ -0.4 percentage points vs 04-2025
06-2025: 3.6%● unchanged vs 05-2025
07-2025: 6.3%▲ +2.7 percentage points vs 06-2025
08-2025: 8.1%▲ +1.8 percentage points vs 07-2025
09-2025: 9.0%▲ +0.9 percentage points vs 08-2025
10-2025: 13.7%▲ +4.7 percentage points vs 09-2025
11-2025: 3.0%▼ -10.7 percentage points vs 10-2025
12-2025: 3.0%● unchanged vs 11-2025
01-2026: 3.0%● unchanged vs 12-2025
02-2026: 3.0%● unchanged vs 01-2026
03-2026: 2.9%▼ -0.1 percentage points vs 02-2026lowest value
04-2026: 6.9%▲ +4.0 percentage points vs 03-2026
05-2026: 7.1%▲ +0.2 percentage points vs 04-2026
06-2026: 7.9%▲ +0.8 percentage points vs 05-2026
07-2026: 7.9%● unchanged vs 06-2026
08-2026: 10.4%▲ +2.5 percentage points vs 07-2026
09-2026: 11.4%▲ +1.0 percentage point vs 08-2026
10-2026: 16.9%▲ +5.5 percentage points vs 09-2026highest value
11-2026: 16.9%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
2 changes of registered office in 24 months
Figures for financial year 2024 (filed on 15-10-2025)
1 financial year not filed after the legal deadline; last filed accounts filed 74 days late; 3 of the last 3 accounts late
lowers risk
Size: total assets €126,544
Calculation
The band follows from the bankruptcy probability. 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 (no NACE code, micro). It does better than 35% of them on solvency, 22% on liquidity, 90% on profitability and 99% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the high class on 30-06-2025, 14.6% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 26,972 companies had the same profile as TERMO ISOLATION has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of TERMO ISOLATION itself is higher: 16.9% within 12 months. It rests on far more data about TERMO ISOLATION than the profile alone.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,972 companies, not a prediction for TERMO ISOLATION. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is tight, with a current ratio of 1.24 (0.95 in 2023), below the usual 1.5. Short-term debt is 66.2% and cash 19.5% of total assets. 66.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
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, 103 days later.
NBB · 6 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline11-11-2026 today
raises risk · 2024 accounts filed 74 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-10-2025, 74 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 · 6 filingsDeviation from the deadline
2025
not filed
2024
74 days late
2023
132 days late
2022
125 days late
2021
141 days late
2020
67 days late
2019
215 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 6 accounts on average 126 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (1)
Recent changes
Transfer of 100 shares from GIURINTANO Melania to LIVRAMENTO ALVES Fabio
Resignation: GIURINTANO Melania (director) · Appointment: LIVRAMENTO ALVES Fabio (director) · Director discharge: GIURINTANO Melania · General meeting of 27-02-2026 · Gazette deed
Registered office moved within Brussels
New registered office: Chaussée d'Alsemberg 842, 1180 Bruxelles · Previous registered office: Avenue Kersbeek 308, 1180 Bruxelles · General meeting of 27-02-2026 · Gazette deed
Transfer of 100 shares from STAELENS Logan to GIURINTANO Melania
Resignation: STAELENS Logan (director) · Appointment: GIURINTANO Melania (director) · Director discharge: STAELENS Logan · General meeting of 30-06-2025 · Gazette deed
Registered office moved within Brussels
Transfer of 100 shares from OSORIO FIGUEIRA Francisco to STAELENS Logan · New registered office: Avenue de Kersbeek 308, 1180 Bruxelles · Previous registered office: Avenue de la Constitution 49, 1083 Bruxelles · Gazette deed
Official details
Source: KBO- Status
- Active since 15-02-2019Normal situation
- Registered office
- 308 active companies are registered at this address16 started in the 12 months before. Source: KBO register, as of 10 November 2026.
- Activity
- “La vente et l’achat, l’importation et l’exportation, la distribution et le commerce en général…” (deed in French)From the articles, 66 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.315.878.2651050 Ixelles, since 17-03-2021
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Insights on TERMO ISOLATION
TERMO ISOLATION files the micro format. That format states no turnover. The gross margin rose from -€260 in 2019 to €62,788 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TERMO ISOLATION
- What is the company number of TERMO ISOLATION?
- The company number of TERMO ISOLATION is 0720.793.934. The VAT number is the same number with BE in front: BE 0720.793.934.
- Where is TERMO ISOLATION based?
- The registered office is at Alsembergsesteenweg 842, 1180 Uccle.Company details
- What is the legal form of TERMO ISOLATION?
- TERMO ISOLATION is a private limited company (BV).
- When was TERMO ISOLATION founded?
- TERMO ISOLATION was founded on 15-02-2019.
- Is TERMO ISOLATION still active?
- Yes, TERMO ISOLATION is an active enterprise in the KBO register.
- What is the turnover of TERMO ISOLATION?
- The turnover in financial year 2024 is ≈ €190,000. This figure is estimated from the gross margin of €62,788 and 2,667 comparable companies of the same size. It probably lies between €120,000 and €330,000. It is a rough estimate.Financials
- Is TERMO ISOLATION profitable?
- In financial year 2024, TERMO ISOLATION made a profit of €39,898.
- Where can I find the annual accounts of TERMO ISOLATION?
- TERMO ISOLATION filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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