THERMICIEN

Active

Private limited companyfounded 20233 yrs activeRue Baty-de-Fleurus 103, 5030 Gembloux, BelgiumKBO/BCE: BE 0799.796.573

The computed 12-month bankruptcy probability of THERMICIEN is 3.4% (moderate). The 2025 annual accounts show negative equity (€-7k) and a net result of €414. Equity is shrinking by ~50.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 7778 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

36 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability56▲+46

Solvency16▲+1

Growth58▲+26

Track record94

Bankruptcy probability, 12 months

3.4% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.61 against 0.52 in 2024; short-term debt: 62.7% and cash: 5.7% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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 →

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

-8.7%

Return on assets

0.5%

Age of the figures

9 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 7778 sector peers (2025).

NBB · sector comparison

Position among 7778 sector peers

Solvency

better than 5%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.

NBB · 3 filings

Deviation from the deadline

2025

on the day

2024

20 d late

2023

28 d late

← before the deadline after the deadline →

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 months

Position in the running window

23-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Equity

€-7k▲ 5.9%

2024 · €-7k

2023: €105 2024: €-7k

2023 → 2025

Total assets

€76k▲ 7.8%

2024 · €71k

2023: €68k 2024: €71k

2023 → 2025

Net result

€414

2024 · €-7k

2023: €105 2024: €-7k

2023 → 2025

Working capital

€-19k▼ 35.2%

2024 · €-14k

2023: €4k 2024: €-14k

2023 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202320242025Trend

Equity€105-€-7k€-7k▲ 5.9%

Operating result€3k-€-3k€6k

Net result€105-€-7k€414

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2025: €6k after a loss of €3k in 2024, the highest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €76k

61.8%

38.2%

Fixed assets €47k▼ 15.1%

Current assets €29k▲ 94.8%

Key figures and ratios

2025 value · change against 2024

EBITDA

€18k▲

2024 · €2k

Cash flow

€13k▲

2024 · €-2k

Solvency

-8.7%▲

2024 · -10.0%

Current ratio

0.61▲

2024 · 0.52

Quick ratio

0.40▲

2024 · 0.29

Debt / equity

-12.49▼

2024 · -11.03

ROA

0.5%▲

2024 · -10.1%

Interest coverage

4.42▲

2024 · 0.49

Debt

€83k▲

2024 · €78k

Debt ≤ 1 year

€48k▲

2024 · €29k

Debt > 1 year

€35k▼

2024 · €49k

Income taxes

€1k▲

2024 · €189

Staff costs

€48▼

2024 · €136

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€71k€76k▲

Formation expenses20€784€543▼

Fixed assets21/28€55k€47k▼

Intangible fixed assets21€23k€20k▼

Tangible fixed assets22/27€32k€27k▼

Plant, machinery and equipment23€4k€3k▼

Furniture and vehicles24€28k€23k▼

Financial fixed assets28€114€114=

Current assets29/58€15k€29k▲

Stocks and contracts in progress3€7k€10k▲

Stocks30/36€7k€5k▼

Contracts in progress37-€5k

Amounts receivable within one year40/41€4k€14k▲

Trade receivables40€3k€14k▲

Other amounts receivable41€887€44▼

Cash at bank and in hand54/58€4k€4k▲

Deferred charges and accrued income490/1€729€908▲

Equity and liabilities

Total equity and liabilities10/49€71k€76k▲

Equity10/15€-7k€-7k▲

Profit (loss) carried forward14€-7k€-7k▲

Amounts payable17/49€78k€83k▲

Amounts payable after more than one year17€49k€35k▼

Financial debts170/4€49k€35k▼

Amounts payable within one year42/48€29k€48k▲

Current portion of amounts payable after more than one year42€13k€14k▲

Trade debts44€13k€17k▲

Suppliers440/4€13k€17k▲

Advances received on contracts in progress46-€3k

Taxes, remuneration and social security45€243€1k▲

Taxes450/3€243€1k▲

Other amounts payable47/48€2k€12k▲

Income statement Code20242025

Remuneration, social security and pensions62€136€48▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€12k▲

Other operating charges640/8€9k€1k▼

Gross operating margin9900€11k€19k▲

Operating profit (loss)9901€-3k€6k▲

Financial income75/76B€1€1▲

Recurring financial income75€1€1▲

Financial charges65/66B€4k€4k▲

Recurring financial charges65€4k€4k▲

Profit (loss) for the period before taxes9903€-7k€2k▲

Income taxes67/77€189€1k▲

Profit (loss) for the period9904€-7k€414▲

Profit (loss) for the period to be appropriated9905€-7k€414▲

Appropriation of the result

Profit (loss) to be appropriated9906€-7k€-7k▲

Profit (loss) brought forward from the previous period14P€105€-7k▼

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 5Financial 2Filings 3

Next filing, fiscal year 2026, expected by 31-07-2027

2026

31-07

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

31-12

Financial Back to profitnet €414

Net result €414 after one loss-making year.

20-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 20 days late

2024

31-12

Financial Weakest financial yearnet €-7k ▼6912%

Net result drops to €-7k, the lowest in the series; recovery starts the following year.

28-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 28 days late

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, Gembloux · 1 establishment unit since 2023

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.

Rue Baty-de-Fleurus 1035030 Gembloux

1 establishment unit

THERMICIEN

Rue Baty-de-Fleurus 103, 5030 GemblouxManufacture of machinery and equipment not elsewhere classified

since 20232.342.992.735

Similar companies · same sector, comparable size

Of 9,530 companies in sector 43222 we hold annual accounts for 5,662. 22 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded22-03-2023

Fiscal year end31-12

Activities, NACEBEL

43222Installation of electric heating, air conditioning, cooling and ventilation

43211General electrical installation work

43221Plumbing work

43910Bricklaying and masonry work

43994Specialised construction activities

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filings

Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.

Contact details

2 entries

E-mail:philippe.delcon@gmail.com

Enterprise

Phone:+32472535553

Enterprise