THERMIC ENGINEERING

Active

Public limited companyfounded 1985active for 41 yearsWeihoek 3, 1930 Zaventem, Belgium15 active companies are registered at this addressKBO/BCE: BE 0427.934.603

Summary

THERMIC ENGINEERING has been active since 1985 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€426,701) and a net result of -€53,816. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 8% of 884 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Risk analysisFollow Report Compare

THERMIC ENGINEERINGActiveChecked score 55/100

Risk analysis Report Compare

Activity

Engineering and related technical consultancy, excluding land surveyors

NACE 71121

1 site

Size

€99,732turnover 2025

Equity: -€426,701
Loss: -€53,816

Financial health

55 Fair Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.8%

Structure

2025 accounts 36 days early4 deeds in the Belgian Official Gazette

Why 55raises riskCapped at 59: negative equityLiquidity: current ratio 45.00Negative equity -€426,701lowers riskSize: turnover €99,732, total assets €1.9mFounded in 1985Show the evidence

Checked score

Score 2025

55 / 100

Fair

Probability in this band: 1.5% to 4.2%

Financially better than 36% of its sector peers (NACE 71, micro)

Negative equity caps the score at 59. Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 2-3

equity -22.7% of total assets

Liquidity 100=

short-term debt 2.2%

Profitability 30+1

return on assets -2.9%

Bankruptcy probability, 12 months

0.8% Low

0%0.5%1.5%4%10%≥ 25%

About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (14,811 companies, NACE 71, micro)

Last 24 months 11-2024: 1.1% 12-2024: 2.7%▲ +1.6 percentage points vs 11-2024 01-2025: 2.7%● unchanged vs 12-2024 02-2025: 2.8%▲ +0.1 percentage points vs 01-2025 03-2025: 2.8%● unchanged vs 02-2025 04-2025: 2.8%● unchanged vs 03-2025highest value 05-2025: 2.7%▼ -0.1 percentage points vs 04-2025 06-2025: 2.5%▼ -0.2 percentage points vs 05-2025 07-2025: 2.7%▲ +0.2 percentage points vs 06-2025 08-2025: 0.9%▼ -1.8 percentage points vs 07-2025 09-2025: 0.9%● unchanged vs 08-2025 10-2025: 0.9%● unchanged vs 09-2025 11-2025: 0.9%● unchanged vs 10-2025 12-2025: 0.9%● unchanged vs 11-2025 01-2026: 0.9%● unchanged vs 12-2025 02-2026: 0.9%● unchanged vs 01-2026 03-2026: 0.9%● unchanged vs 02-2026 04-2026: 0.9%● unchanged vs 03-2026 05-2026: 0.9%● unchanged vs 04-2026 06-2026: 1.0%▲ +0.1 percentage points vs 05-2026 07-2026: 0.8%▼ -0.2 percentage points vs 06-2026 08-2026: 1.1%▲ +0.3 percentage points vs 07-2026 09-2026: 1.3%▲ +0.2 percentage points vs 08-2026 10-2026: 0.8%▼ -0.5 percentage points vs 09-2026lowest value

No credit on open account

Liquidity ample (current ratio 45.0, compared with 21.12 in 2024, above the usual 1.5; short-term debt: 2.2% of total assets), but equity is negative.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 (NACE 71, micro): better than 6% on solvency, 97% on liquidity, 16% on profitability and 24% on growth.

The bankruptcy probability was computed on 27-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskraises riskneutral

Liquidity: current ratio 45.00

NBB · annual accounts

Size: turnover €99,732, total assets €1.9m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Negative equity -€426,701

NBB · annual accounts

Founded in 1985

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

Equity per financial year

1819202122232425

2018 to 2025 · latest year -€426,701

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-06-2026, 36 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

36 days early

2024

7 days early

2023

111 days late

2022

122 days late

2021

190 days late

2020

555 days late

2019

28 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 130 days after the deadline; the sector median (NACE 71) for financial year 2024 is 8 days before the deadline, and 34% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 20 November (4 of the last 5 filed years within 119 days of that day).

Companies Code · seven months

Where today falls in the filing period

28-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

25-06-2026 Annual accounts filedfinancial year 2025 · full…
31-12-2025 Liquidity more than doubledcurrent ratio 45.00
24-07-2025 Annual accounts filedfinancial year 2024 · abbreviated…

Key points

Risk: Negative equityfinancial year 2025: debts exceed assets -€426,701 View
Caution: From profit to loss in 2025after €6,679 in 2024 -€53,816 View
Caution: Among the weakest 5% on equitysector median €565,664 · 884 companies -€426,701 View

By topic

Financials

Financial year: 2025
Turnover: €99,732
Loss: -€53,816
Solvency: -22.7%

Go to Financials

Timeline

Events: 46
Since: 1987
Next accounts: by 31-07-2027

31-12-2024Back to profit
31-12-2024Liquidity more than 13 times
19-11-2024Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Engineering and related technical consultancy, excluding land surveyorsNACE 71121
Founded: 25-10-1985
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Key facts about THERMIC ENGINEERING

What is the company number of THERMIC ENGINEERING?: 0427.934.603. In Belgium the VAT number is the company number with BE in front: BE 0427.934.603.
Where is THERMIC ENGINEERING based?: The registered office is at Weihoek 3, 1930 Zaventem.Company details
What does THERMIC ENGINEERING do?: According to the KBO register, the main activity is engineering and related technical consultancy, excluding land surveyors (NACE 71121).
What is the legal form of THERMIC ENGINEERING?: Public limited company (NV).
When was THERMIC ENGINEERING founded?: On 25-10-1985.
Is THERMIC ENGINEERING still active?: Yes, THERMIC ENGINEERING is an active enterprise in the KBO register.
How many employees does THERMIC ENGINEERING have?: On average 2.2 full-time equivalents in financial year 2019, according to the filed annual accounts.Financials
What is the turnover of THERMIC ENGINEERING?: €99,732 in financial year 2025, according to the filed annual accounts.
Is THERMIC ENGINEERING profitable?: In financial year 2025, THERMIC ENGINEERING made a loss of €53,816.
Where can I find the annual accounts of THERMIC ENGINEERING?: THERMIC ENGINEERING filed 40 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of THERMIC ENGINEERING due?: By 31-07-2027, for financial year 2026.Timeline