THERM-IC

Active

Private limited company (pre-2019)founded 20179 yrs activeRoelandtsstraat 13, 1030 Schaarbeek, BelgiumKBO/BCE: BE 0672.766.066

The computed 12-month bankruptcy probability of THERM-IC is 2.8% (moderate). The 2024 annual accounts show equity of €33k and a net result of €-18k. Equity is growing by ~10.1% per year across the filed fiscal years. Its solvency ranks better than 81% of 36378 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

55 / 100

Fair

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-52

Solvency100=

Growth52=

Track record100

Bankruptcy probability, 12 months

2.8% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €1.5k at 30 days acceptable

Liquidity ample (current ratio 3.76 against 14.28 in 2023; short-term debt: 25.1% and cash: 48.8% of total assets), and 25.1% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

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

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

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 2024

Solvency, return and age of the figures

Solvency

74.9%

Return on assets

-41.1%

Age of the figures

21 mo

Persistent losses

Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2024

Net result per financial year

18192021222324

2018 to 2024 · latest year €-18k

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-07-2025, 17 days ahead of the deadline.

NBB · 8 filings

Deviation from the deadline

2025

not confirmed

2024

17 d early

2023

22 d early

2022

26 d early

2021

20 d early

2020

39 d early

2019

29 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€33k▼ 35.5%

2023 · €51k

2018: €3k 2019: €27k 2020: €50k 2021: €62k 2022: €59k 2023: €51k

2018 → 2024

Total assets

€44k▼ 19.3%

2023 · €55k

2018: €38k 2019: €71k 2020: €93k 2021: €87k 2022: €73k 2023: €55k

2018 → 2024

Net result

€-18k▼ 141%

2023 · €-8k

2018: €5k 2019: €24k 2020: €24k 2021: €10k 2022: €-3k 2023: €-8k

2018 → 2024

Working capital

€31k▼ 33.5%

2023 · €46k

2018: €-3k 2019: €-217 2020: €29k 2021: €45k 2022: €46k 2023: €46k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€50k-€62k▲ 24.9%€59k▼ 4.9%€51k▼ 12.8%€33k▼ 35.5%

Operating result€35k-€12k▼ 64.2%€-3k€-8k▼ 126%€-18k▼ 141%

Net result€24k-€10k▼ 58.4%€-3k€-8k▼ 149%€-18k▼ 141%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €18k in 2024 against €8k in 2023; the loss grows and 2024 has the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €44k

94.5%

Fixed assets €2k▼ 53.0%

Current assets €42k▼ 15.8%

Equity and liabilities €44k

74.9%

25.1%

Equity €33k▼ 35.5%

Debt €11k▲ 220%

The debt ratio rises from 6.3% to 25.1%. Equity is lower and debt is higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-15k▼

2023 · €2k

Cash flow

€-15k▼

2023 · €2k

Solvency

74.9%▼

2023 · 93.7%

Current ratio

3.76▼

2023 · 14.28

Quick ratio

3.76▼

2023 · 14.28

Debt / equity

0.34▲

2023 · 0.07

ROE

-55.0%▼

2023 · -14.7%

ROA

-41.1%▼

2023 · -13.8%

Interest coverage

-127.46▼

2023 · 16.41

Debt

€11k▲

2023 · €3k

Debt ≤ 1 year

€11k▲

2023 · €3k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€55k€44k▼

Fixed assets21/28€5k€2k▼

Intangible fixed assets21€802€552▼

Tangible fixed assets22/27€4k€2k▼

Plant, machinery and equipment23€202€281▲

Furniture and vehicles24€3k€904▼

Other tangible fixed assets26€811€696▼

Current assets29/58€50k€42k▼

Amounts receivable within one year40/41€17k€18k▲

Trade receivables40€10k€11k▲

Other amounts receivable41€7k€7k▲

Cash at bank and in hand54/58€32k€22k▼

Deferred charges and accrued income490/1€873€2k▲

Equity and liabilities

Total equity and liabilities10/49€55k€44k▼

Equity10/15€51k€33k▼

Contributions10/11€19k€19k=

Reserves13€44k€44k=

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Distributable reserves133€42k€42k=

Profit (loss) carried forward14€-11k€-29k▼

Amounts payable17/49€3k€11k▲

Amounts payable within one year42/48€3k€11k▲

Trade debts44€3k€11k▲

Suppliers440/4€3k€11k▲

Taxes, remuneration and social security45€36-

Taxes450/3€36-

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€3k▼

Other operating charges640/8€923€549▼

Gross operating margin9900€3k€-14k▼

Operating profit (loss)9901€-8k€-18k▼

Financial income75/76B€75€52▼

Recurring financial income75€75€52▼

Financial charges65/66B€100€118▲

Recurring financial charges65€100€118▲

Profit (loss) for the period before taxes9903€-8k€-18k▼

Profit (loss) for the period9904€-8k€-18k▼

Profit (loss) for the period to be appropriated9905€-8k€-18k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-11k€-29k▼

Profit (loss) brought forward from the previous period14P€-3k€-11k▼

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 11Financial 3Filings 8

2025

14-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Weakest financial yearnet €-18k

Net result drops to €-18k, the lowest in the series.

09-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Liquidity triplescurrent ratio 14.28

Current ratio from 4.34 to 14.28; short-term debt falls from €14k to €3k.

05-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

11-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

22-06

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

02-07

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

31-12

Financial Highest result since 2018net €24k ▲395%

Operating result €35k, net result €24k, both a record.

18-06

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

07-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 7 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 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, Schaarbeek · 1 establishment unit since 2017

establishment The establishment unit on the map

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.

Roelandtsstraat 131030 Schaarbeek

Ground area

112 m²

Building footprint

95 m²

Volume, LiDAR

1,173 m³

Parcel 21906D0118/00K006, Brussels · tallest building 16.9 m, ±5 floors. Linked by address, not a title deed.

1 establishment unit

THERM-IC

Roelandtsstraat 13, 1030 SchaarbeekRepair, maintenance and installation of machinery and equipment

since 20172.263.615.556

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21906D0118/00K006	Brussels	112 m²	1 · 95 m²	16.9 m · 5 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Heusden-Zolder · Eq €33k

Techniek Zelfplaatsen

Of 9,531 companies in sector 43222 we hold annual accounts for 5,661. 4,130 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company (pre-2019)

Founded16-03-2017

Fiscal year end31-12

Activities, NACEBEL

43222Installation of electric heating, air conditioning, cooling and ventilation

Sources

Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers

Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.