THERMIBEL
ActiveTHERMIBEL has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.71M and a net result of €699k. Equity is growing by ~8.8% per year across the filed fiscal years. Its solvency ranks better than 36% of 128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability89▲+52
Solvency65▲+13
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130k at 30 days acceptable
Liquidity ample (current ratio 1.64 against 1.52 in 2024; short-term debt: 57.1% and cash: 15.3% of total assets), but 59.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 26
Relative position
BE, all sectors
reference
Sector 26
lower
← 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
40.4%
Return on assets
16.5%
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
31 d early
2023
20 d early
2022
34 d early
2021
34 d early
2020
47 d early
2019
45 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€699k
2024 · €-14k
2018: €110k
2019: €64k
2020: €32k
2021: €252k
2022: €285k
2023: €32k
2024: €-14k
2018 → 2025
Working capital
€1.56M▲ 21.0%
2024 · €1.29M
2018: €791k
2019: €742k
2020: €758k
2021: €925k
2022: €988k
2023: €1.06M
2024: €1.29M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.17M-€1.27M▲ 8.4%€1.30M▲ 1.9%€1.27M▼ 1.8%€1.71M▲ 34.7%
Operating result€344k-€405k▲ 17.7%€111k▼ 72.6%€89k▼ 20.0%€1.04M▲ 1,069%
Net result€252k-€285k▲ 13.1%€32k▼ 88.8%€-14k€699k
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1,069% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.25M
Fixed assets
€266k▼ 72.2%
Current assets
€3.98M▲ 5.5%
Equity and liabilities €4.25M
Equity
€1.71M▲ 34.7%
Debt
€2.53M▼ 26.8%
The debt ratio falls from 73.1% to 59.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.20M▲
2024 · €239k
Cash flow
€865k▲
2024 · €136k
Solvency
40.4%▲
2024 · 26.9%
Current ratio
1.64▲
2024 · 1.52
Quick ratio
1.23▲
2024 · 1.01
Debt / equity
1.48▼
2024 · 2.72
ROE
40.8%▲
2024 · -1.1%
ROA
16.5%▲
2024 · -0.3%
Interest coverage
12.60▲
2024 · 2.21
Debt
€2.53M▼
2024 · €3.46M
Debt ≤ 1 year
€2.42M▼
2024 · €2.49M
Debt > 1 year
€98k▼
2024 · €671k
Income taxes
€250k▲
2024 · €17k
Staff costs
€2.20M▲
2024 · €2.04M
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€4.73M€4.25M▼
Fixed assets21/28€957k€266k▼
Intangible fixed assets21€17k€12k▼
Tangible fixed assets22/27€928k€242k▼
Land and buildings22€312k-
Plant, machinery and equipment23€403k€81k▼
Furniture and vehicles24€6k€3k▼
Leasing and similar rights25€207k€158k▼
Financial fixed assets28€13k€12k▼
Current assets29/58€3.77M€3.98M▲
Amounts receivable after more than one year29€96k-
Trade receivables290€96k-
Stocks and contracts in progress3€1.27M€988k▼
Stocks30/36€1.27M€988k▼
Amounts receivable within one year40/41€1.91M€2.29M▲
Trade receivables40€1.77M€1.75M▼
Other amounts receivable41€137k€537k▲
Current investments50/53€257k-
Cash at bank and in hand54/58€208k€648k▲
Deferred charges and accrued income490/1€35k€56k▲
Equity and liabilities
Total equity and liabilities10/49€4.73M€4.25M▼
Equity10/15€1.27M€1.71M▲
Contributions10/11€409k€409k=
Capital10€409k€409k=
Issued capital100€409k€409k=
Reserves13€331k€74k▼
Non-distributable reserves130/1€298k€41k▼
Reserves not available under the articles1311€41k€41k=
Own shares acquired1312€257k-
Tax-exempt reserves132€15k€15k=
Distributable reserves133€18k€18k=
Profit (loss) carried forward14€532k€1.23M▲
Amounts payable17/49€3.46M€2.53M▼
Amounts payable after more than one year17€671k€98k▼
Financial debts170/4€671k€98k▼
Amounts payable within one year42/48€2.49M€2.42M▼
Current portion of amounts payable after more than one year42€170k€53k▼
Financial debts43€1.27M€1.21M▼
Credit institutions430/8€1.27M€1.21M▼
Trade debts44€753k€613k▼
Suppliers440/4€753k€613k▼
Advances received on contracts in progress46-€90k
Taxes, remuneration and social security45€290k€458k▲
Taxes450/3€112k€257k▲
Remuneration and social security454/9€178k€202k▲
Accrued charges and deferred income492/3€300k€9k▼
Income statement
Code20242025
Non-recurring operating income76A€42k€653k▲
Remuneration, social security and pensions62€2.04M€2.20M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€150k€166k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€243k
Provisions for liabilities and charges: additions (uses and reversals)635/8€-14k-
Other operating charges640/8€34k€37k▲
Non-recurring operating charges66A€9k€832▼
Gross operating margin9900€2.30M€3.69M▲
Operating profit (loss)9901€89k€1.04M▲
Financial income75/76B€22k€8k▼
Recurring financial income75€22k€8k▼
Financial charges65/66B€108k€95k▼
Recurring financial charges65€108k€95k▼
Profit (loss) for the period before taxes9903€3k€949k▲
Income taxes67/77€17k€250k▲
Profit (loss) for the period9904€-14k€699k▲
Profit (loss) for the period to be appropriated9905€-14k€699k▲
Appropriation of the result
Profit (loss) to be appropriated9906€532k€1.23M▲
Profit (loss) brought forward from the previous period14P€546k€532k▼
Transfer from equity791/2-€0
Transfer to equity691/2-€0
To other reserves6921-€0
Social balance
Average headcount (FTE)908727.429.2▲
The notes to these accounts (16 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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €699k
Net result €699k after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-14k ▼143%
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €1MEq €1.17M ▲27.5%
4 profitable years in a row build equity to €1.17M.
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
27-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
22-12-2025
Marie-Cécile Croonenberghs: Resigned as Director
22-12-2025
Romuald Pistis: Resigned as Director
22-12-2025
Sonia Beauvois: Resigned as Director
30-04-2025
Croonenberghs Emmanuel: Resigned as Director
04-09-2023
Giancarlo Pistis: Resigned as Director
03-07-2020
Jacques Croonenberghs: Resigned as Director
03-01-2016
Christina Scapparino: Resigned as Director
Location & real-estate footprint
Registered office, La Louvière · 1 establishment unit since 1983
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.
Pavé du Roeulx(S-B) 4457110 La LouvièreGround area
6,077 m²
Building footprint
622 m²
Volume, LiDAR
2,667 m³
Parcel 55042A0581/00B002, Wallonia · tallest building 6.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Pavé du Roeulx(S-B) 445, 7110 La Louvière
since 19832.038.354.931
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55042A0581/00B002 | Wallonia | 6,077 m² | 1 · 622 m² | 6.1 m · 1 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.
Statutory auditor
1 auditor| Fondu, Pyl, Stassin Statutory auditor · represented by Jacques Lenoir | - → 02-05-2016 |
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Of 213 companies in sector 26510 we hold annual accounts for 166. 105 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded23-02-1983
Fiscal year end31-12
Activities, NACEBEL
26510Manufacture of computer, electronic and optical products
33201
Sources
Crossroads Bank for EnterprisesNational Bank · 43 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.