THERMATEC
ActiveThe computed 12-month bankruptcy probability of THERMATEC is 3.4% (moderate). The 2025 annual accounts show equity of €19k and a net result of €7k. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 67% of 7778 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability94▲+94
Solvency84▲+18
Growth32=
Track record100
Bankruptcy probability, 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 2.37 against 1.71 in 2024; short-term debt: 41% and cash: 59% of total assets), and 41% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
59%
Return on assets
20.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
8 d early
2024
31 d early
2023
23 d early
2022
60 d late
2021
1 d late
2020
16 d early
2019
1 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€7k
2024 · €-30k
2019: €14k
2020: €11k
2021: €-16k
2022: €18k
2023: €10k
2024: €-30k
2019 → 2025
Working capital
€18k▲ 44.5%
2024 · €13k
2019: €20k
2020: €29k
2021: €14k
2022: €33k
2023: €43k
2024: €13k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€16k-€34k▲ 112%€43k▲ 28.6%€13k▼ 70.6%€19k▲ 52.2%
Operating result€-15k-€19k€11k▼ 41.1%€-31k€7k
Net result€-16k-€18k€10k▼ 45.9%€-30k€7k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €7k after a loss of €31k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €33k
Fixed assets
€985
Current assets
€32k
Equity and liabilities €33k
Equity
€19k▲ 52.2%
Debt
€13k▼ 25.2%
The debt ratio falls from 58.5% to 41.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€7k
Cash flow
€7k
Solvency
59.0%▲
2024 · 41.5%
Current ratio
2.37▲
2024 · 1.71
Quick ratio
2.37▲
2024 · 1.71
Debt / equity
0.69▼
2024 · 1.41
ROE
34.3%▲
2024 · -239.6%
ROA
20.3%▲
2024 · -99.3%
Interest coverage
24.36
Debt
€13k▼
2024 · €18k
Debt ≤ 1 year
€13k▼
2024 · €18k
Income taxes
€141▲
2024 · €140
Staff costs
€48k▲
2024 · €46k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€31k€33k▲
Fixed assets21/28-€985
Tangible fixed assets22/27-€985
Furniture and vehicles24-€985
Current assets29/58€31k€32k▲
Amounts receivable within one year40/41€22k€11k▼
Trade receivables40€17k€7k▼
Other amounts receivable41€5k€5k▼
Cash at bank and in hand54/58€8k€19k▲
Deferred charges and accrued income490/1€655€1k▲
Equity and liabilities
Total equity and liabilities10/49€31k€33k▲
Equity10/15€13k€19k▲
Contributions10/11€6k€6k=
Reserves13€697€697=
Non-distributable reserves130/1€697€697=
Reserves not available under the articles1311€697€697=
Profit (loss) carried forward14€6k€12k▲
Amounts payable17/49€18k€13k▼
Amounts payable within one year42/48€18k€13k▼
Trade debts44€7k€3k▼
Suppliers440/4€7k€3k▼
Advances received on contracts in progress46€330€330=
Taxes, remuneration and social security45€11k€10k▼
Taxes450/3€5k€7k▲
Remuneration and social security454/9€6k€4k▼
Income statement
Code20242025
Remuneration, social security and pensions62€46k€48k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€25
Other operating charges640/8€1k€5k▲
Gross operating margin9900€16k€60k▲
Operating profit (loss)9901€-31k€7k▲
Financial income75/76B€928-
Recurring financial income75€928-
Financial charges65/66B€45€292▲
Recurring financial charges65€45€292▲
Profit (loss) for the period before taxes9903€-30k€7k▲
Income taxes67/77€140€141▲
Profit (loss) for the period9904€-30k€7k▲
Profit (loss) for the period to be appropriated9905€-30k€7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€6k€12k▲
Profit (loss) brought forward from the previous period14P€36k€6k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-30k ▼417%
Net result drops to €-30k, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 60 days late
2022
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 1 day late
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Anderlecht · 1 establishment unit since 2018
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.
Generaal Ruquoystraat 211070 AnderlechtGround area
232 m²
Building footprint
59 m²
Volume, LiDAR
554 m³
Parcel 21304B0037/00L003, Brussels · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
THERMATEC
since 20182.282.229.559
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21304B0037/00L003 | Brussels | 232 m² | 1 · 59 m² | 12.2 m · 3 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.
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SOTHERM
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Of 9,530 companies in sector 43222 we hold annual accounts for 5,662. 3,489 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-11-2018
Fiscal year end31-12
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
43299Specialised construction activities
43230Insulation installation
43291Specialised construction activities
43350Other building finishing work
43990Other specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:thermatec@hotmail.com