Financials
- Financial year
- 2023
- Total assets
- €10,547
- Loss
- -€1,588
- Solvency
- 99.3%
Total assets▼ 13.0%
Net result
20192023
Thermal Clean Shift
ActiveSummary
The computed 12-month bankruptcy probability of Thermal Clean Shift is 9.3% (elevated). For Thermal Clean Shift, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €10,478 and a net result of -€1,588. Equity is shrinking by about 9.6% per year across the filed financial years. Its solvency ranks better than 27% of 15,476 sector peers (NACE 46, financial year 2024). The company has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Wholesale trade
NACE 46872
1 site
Size
€10,547total assets 2023
- Equity
- €10,478
- Loss
- -€1,588
Turnover not published (abbreviated or micro format)
Financial health
- Bankruptcy probabilitywithin 12 months
- 9.3%
2023 figures too old to score
Structure
- Parent
- HAEMERS Technologies · 100%
Accounts 445 days overdue4 of 5 deeds read
Signalsraises risk1 financial year not filed after the legal deadline; latest accounts 441 days late; 1 of the last 3 lateFigures for financial year 2024 (filed 15-10-2026)Liquidity: current ratio 1.10, cash €269, halvedFounded in 2018Two or more financial years not filedneutralLatest accounts filed on timeShow the evidence
Bankruptcy probability
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Financial strength, FY 2023 · tick = 2022
Strong
Solvency
100=
equity 99.3% of total assets
Liquidity
100=
short-term debt 0.7% · cash 98.6%
Profitability
0-30
return on assets -15.1%
Bankruptcy probability, 12 months
9.3%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 9 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.7%
12-2024: 0.7%● unchanged vs 11-2024
01-2025: 0.6%▼ -0.1 percentage points vs 12-2024lowest value
02-2025: 0.6%● unchanged vs 01-2025lowest value
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.7%▲ +0.1 percentage points vs 04-2025
06-2025: 0.7%● unchanged vs 05-2025
07-2025: 0.8%▲ +0.1 percentage points vs 06-2025
08-2025: 1.4%▲ +0.6 percentage points vs 07-2025
09-2025: 1.6%▲ +0.2 percentage points vs 08-2025
10-2025: 3.7%▲ +2.1 percentage points vs 09-2025
11-2025: 3.8%▲ +0.1 percentage points vs 10-2025
12-2025: 4.3%▲ +0.5 percentage points vs 11-2025
01-2026: 5.6%▲ +1.3 percentage points vs 12-2025
02-2026: 5.6%● unchanged vs 01-2026
03-2026: 5.9%▲ +0.3 percentage points vs 02-2026
04-2026: 5.5%▼ -0.4 percentage points vs 03-2026
05-2026: 5.5%● unchanged vs 04-2026
06-2026: 5.4%▼ -0.1 percentage points vs 05-2026
07-2026: 5.4%● unchanged vs 06-2026
08-2026: 9.2%▲ +3.8 percentage points vs 07-2026
09-2026: 9.2%● unchanged vs 08-2026
10-2026: 9.3%▲ +0.1 percentage points vs 09-2026highest value
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Signals
Six signals.
raises riskneutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 5 filingsPosition against the passed deadline
31-12-2024 year end31-07-2025 deadline19-10-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 05-07-2024, 26 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
26 days early
2022
39 days early
2021
34 days early
2020
31 days late
2019
31 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 7 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (1)
- Restructuring · MiscellaneousMerger · Shareholding · Declaration
- Reappointment: Jan HAEMERS (director)Registered-office move · Capital conversion
- Registered officeRegistered-office move
Key points
By topic
Board & ownership
- Parent
- HAEMERS Technologies · 100%
Network & group
- Mergers and asset contributions
- 1
Timeline
- Events
- 9
- Since
- 2020
- 05-07-2024Annual accounts filed
- 09-02-2024Resignations: Well Recup BV, Avemco BV and…
- 22-06-2023Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Wholesale tradeNACE 46872
- Founded
- 24-10-2018
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 11
- Purpose
- “Le commerce, le transport, la transformation, le traitement et le stockage de déchets, de…” (deed in French)
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