Thermica is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €4.26M and a net result of €5k. Equity is growing by ~6.8% per year across the filed fiscal years. Its solvency ranks better than 92% of 5507 sector peers (fiscal year 2025). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-12-2025 was due by 30-07-2026 and was filed on 17-07-2026, 13 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
13 d early
2024
14 d early
2023
29 d early
2022
10 d early
2021
4 d early
2020
20 d late
2019
6 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-12-2026 and is due by 30-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today30-12-2026 close30-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€4.26M▼ 3.5%
2024 · €4.42M
2018: €2.58M
2019: €2.58M
2020: €3.64M
2021: €3.63M
2022: €3.74M
2023: €3.73M
2024: €4.42M
2018 → 2025
Net result
€5k▼ 99.3%
2024 · €684k
2018: €-5k
2019: €1k
2020: €1.18M
2021: €-10k
2022: €133k
2023: €-8k
2024: €684k
2018 → 2025
Total assets
€4.44M▼ 1.0%
2024 · €4.48M
2018: €2.61M
2019: €2.68M
2020: €3.97M
2021: €3.82M
2022: €3.79M
2023: €3.75M
2024: €4.48M
2018 → 2025
Solvency
96.1%▼ 2.5pp
2024 · 98.6%
2018: 99.0%
2019: 96.4%
2020: 91.7%
2021: 95.0%
2022: 98.8%
2023: 99.6%
2024: 98.6%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.63M-€3.74M▲ 3.0%€3.73M▼ 0.2%€4.42M▲ 18.3%€4.26M▼ 3.5%
Operating result€-7k-€6k€-12k€1k€-12k
Net result€-10k-€133k€-8k€684k€5k▼ 99.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €12k after €1k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.44M
Fixed assets
€2.60M=
Current assets
€1.84M▼ 2.3%
Equity and liabilities €4.44M
Equity
€4.26M▼ 3.5%
Debt
€175k▲ 169%
The debt ratio rises from 1.4% to 3.9%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
96.1%▼
2024 · 98.6%
ROE
0.1%▼
2024 · 15.5%
ROA
0.1%▼
2024 · 15.3%
Debt
€175k▲
2024 · €65k
Debt ≤ 1 year
€172k▲
2024 · €62k
Income taxes
€4k▼
2024 · €70k
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€4.48M€4.44M▼
Fixed assets21/28€2.60M€2.60M=
Financial fixed assets28€2.60M€2.60M=
Current assets29/58€1.88M€1.84M▼
Amounts receivable within one year40/41€145k€206k▲
Trade receivables40€26k€47k▲
Other amounts receivable41€119k€159k▲
Cash at bank and in hand54/58€1.73M€1.63M▼
Deferred charges and accrued income490/1€9k€6k▼
Equity and liabilities
Total equity and liabilities10/49€4.48M€4.44M▼
Equity10/15€4.42M€4.26M▼
Contributions10/11€1.25M€1.25M=
Reserves13€3.17M€3.01M▼
Distributable reserves133€3.17M€3.01M▼
Profit (loss) carried forward14-€0
Amounts payable17/49€65k€175k▲
Amounts payable within one year42/48€62k€172k▲
Trade debts44€2k€6k▲
Suppliers440/4€2k€6k▲
Taxes, remuneration and social security45€58k€8k▼
Taxes450/3€58k€7k▼
Remuneration and social security454/9€0€1k▲
Other amounts payable47/48€3k€158k▲
Accrued charges and deferred income492/3€3k€2k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0-
Other operating charges640/8€3k€2k▼
Gross operating margin9900€4k€-11k▼
Operating profit (loss)9901€1k€-12k▼
Financial income75/76B€757k€23k▼
Recurring financial income75€757k€23k▼
Financial charges65/66B€4k€2k▼
Recurring financial charges65€4k€2k▼
Profit (loss) for the period before taxes9903€754k€8k▼
Income taxes67/77€70k€4k▼
Profit (loss) for the period9904€684k€5k▼
Profit (loss) for the period to be appropriated9905€684k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€684k€5k▼
Transfer from equity791/2€0€158k▲
Transfer to equity691/2€684k€5k▼
To other reserves6921€684k€5k▼
Profit to be distributed694/7-€158k
Return on contributions (dividend)694-€158k
The notes to these accounts (4 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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-12
Financial
Back to profitnet €684k
Net result €684k after one loss-making year.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-12
Financial
Liquidity doublescurrent ratio 90.08
Current ratio from 38.19 to 90.08; short-term debt falls from €31k to €13k.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-12
Financial
Back to profitnet €133k
Net result €133k after one loss-making year.
30-12
Financial
Liquidity times 5current ratio 38.19
Current ratio from 7.17 to 38.19; short-term debt falls from €166k to €31k.
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-12
Financial
Weakest financial yearnet €-10k ▼101%
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 20 days late
2020
30-12
Financial
Highest result since 2018net €1.18M ▲109574%
Net result €1.18M, the highest in the series.
30-12
Financial
Liquidity times 11current ratio 4.55
Current ratio from 0.41 to 4.55.
05-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 6 days late
2019
30-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 1 day late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 32 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, Schoten · 1 establishment unit since 2012
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.
della Faillelaan 92900 SchotenGround area
2,850 m²
Building footprint
305 m²
Volume, LiDAR
1,994 m³
Parcel 11040D0149/00S009, Flanders · tallest building 11.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Thermica
since 20122.214.971.541
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11040D0149/00S009 | Flanders | 2,850 m² | 1 · 305 m² | 11.9 m · 2 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.
Recognitions · licences · registrations
Legal Entity Identifier
699400NA9JZE5HTR0N39
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Of 24,727 companies in sector 64210 we hold annual accounts for 19,759. 8,627 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-10-2012
Fiscal year end30-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 14 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.