ThermiConcept

Active

Private limited companyfounded 20232 yrs activeRue du Brun Chêne 128, 6032 Charleroi, BelgiumKBO/BCE: BE 1002.249.233

The computed 12-month bankruptcy probability of ThermiConcept is 2.1% (moderate). The 2025 annual accounts show equity of €30k and a net result of €353. Its solvency ranks better than 82% of 474 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

71 / 100

Healthy

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

Axes · tick = 2024

Profitability70▼-30

Solvency91▲+7

Growth52

Track record82

Bankruptcy probability, 12 months

2.1% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €2k at 30 days acceptable

Liquidity ample (current ratio 5.43 against 77.6 in 2024; short-term debt: 13.7% and cash: 21.7% of total assets), and 34% of the assets are financed with debt.

How do we compute the score and the probability?

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

Young company

A young company has little track record yet and statistically fails more often than an established one.

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 33

Relative position

BE, all sectors

reference

Sector 33

higher

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

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

KBO · registered office

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

66%

Return on assets

0.8%

Age of the figures

9 mo

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 2 filings

Deviation from the deadline

2025

31 d late

2024

5 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

17-09-2026 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

€30k▲ 1.2%

2024 · €29k

2024: €29k

2024 → 2025

Total assets

€45k▼ 10.2%

2024 · €50k

2024: €50k

2024 → 2025

Net result

€353▼ 98.7%

2024 · €27k

2024: €27k

2024 → 2025

Working capital

€27k▼ 9.9%

2024 · €30k

2024: €30k

2024 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20242025Trend

Equity€29k-€30k▲ 1.2%

Operating result€28k-€1k▼ 95.2%

Net result€27k-€353▼ 98.7%

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 falls in 2025; 2025 is 95% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €45k

25.7%

74.3%

Fixed assets €12k▼ 40.4%

Current assets €33k▲ 8.9%

Equity and liabilities €45k

66.0%

34.0%

Equity €30k▲ 1.2%

Debt €15k▼ 26.2%

The debt ratio falls from 41.4% to 34.0%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€9k▼

2024 · €32k

Cash flow

€8k▼

2024 · €32k

Solvency

66.0%▲

2024 · 58.6%

Current ratio

5.43▼

2024 · 77.60

Quick ratio

5.43▼

2024 · 77.60

Debt / equity

0.51▼

2024 · 0.71

ROE

1.2%▼

2024 · 94.0%

ROA

0.8%▼

2024 · 55.1%

Interest coverage

9.23▼

2024 · 49.86

Debt

€15k▼

2024 · €21k

Debt ≤ 1 year

€6k▲

2024 · €394

Debt > 1 year

€9k▼

2024 · €20k

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€50k€45k▼

Fixed assets21/28€19k€12k▼

Tangible fixed assets22/27€19k€12k▼

Furniture and vehicles24€19k€12k▼

Current assets29/58€31k€33k▲

Amounts receivable within one year40/41€26k€24k▼

Trade receivables40€7k€3k▼

Other amounts receivable41€19k€21k▲

Cash at bank and in hand54/58€2k€10k▲

Deferred charges and accrued income490/1€2k-

Equity and liabilities

Total equity and liabilities10/49€50k€45k▼

Equity10/15€29k€30k▲

Contributions10/11€2k€2k=

Capital10€2k€2k=

Issued capital100€2k€2k=

Reserves13€175€175=

Non-distributable reserves130/1€175€175=

Legal reserve130€175€175=

Profit (loss) carried forward14€27k€28k▲

Amounts payable17/49€21k€15k▼

Amounts payable after more than one year17€20k€9k▼

Financial debts170/4€20k€9k▼

Amounts payable within one year42/48€394€6k▲

Current portion of amounts payable after more than one year42-€6k

Trade debts44€394€417▲

Suppliers440/4€394€417▲

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€8k▲

Other operating charges640/8€582€80▼

Gross operating margin9900€33k€9k▼

Operating profit (loss)9901€28k€1k▼

Financial income75/76B€3-

Recurring financial income75€3-

Financial charges65/66B€646€991▲

Recurring financial charges65€646€991▲

Profit (loss) for the period before taxes9903€27k€353▼

Profit (loss) for the period9904€27k€353▼

Profit (loss) for the period to be appropriated9905€27k€353▼

Appropriation of the result

Profit (loss) to be appropriated9906€27k€28k▲

Profit (loss) brought forward from the previous period14P-€27k

Transfer to equity691/2€175-

To the legal reserve6920€175-

The notes to these accounts (4 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 3Gazette 1Filings 2

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

2026

31-08

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema · 31 days late

26-03

State Gazette act Statutes amendment

General meeting · Registered-office move · Name change5 facts ▸

General meeting, 05/03/2026
Registered-office move, 6032 Charleroi (Mont-sur-Marchienne), Rue du brun chêne, 128
Name change, ThermiConcept
Corporate purpose, Construire ou faire construire des logements et des bâtiments; L'achat, la vente, la location et la mise en location de ces logements et bâtiments; L'établissem…
Statutes amendment

2025

05-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 5 days late

State Gazette actNBB filing