THERMO-EXPERT
ActiveThe computed 12-month bankruptcy probability of THERMO-EXPERT is 3.3% (moderate). The 2023 annual accounts show negative equity (€-7k) and a net result of €31k. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 9% of 33690 sector peers (fiscal year 2023). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2023
Axes · tick = 2022
Profitability0=
Solvency43▲+4
Growth58=
Stability100
Bankruptcy probability, 12 months
3.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.92 against 0.76 in 2022), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · 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 →
raises risk · 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 2023Solvency, return and age of the figures
Solvency
-2.6%
Return on assets
11.3%
Age of the figures
32 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 33690 sector peers (2023).
NBB · sector comparisonPosition among 33690 sector peers
Solvency
better than 9%
← weakest
strongest →
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 8 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline15-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-08-2024, 30 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
30 d late
2022
309 d late
2021
674 d late
2020
273 d late
2019
88 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Equity
€-7k▲ 81.4%
2022 · €-38k
2018: €-3k
2019: €-37k
2020: €-35k
2021: €-45k
2022: €-38k
2018 → 2023
Total assets
€277k▲ 17.5%
2022 · €235k
2018: €276k
2019: €285k
2020: €285k
2021: €260k
2022: €235k
2018 → 2023
Net result
€31k▲ 392%
2022 · €6k
2018: €-31k
2019: €-34k
2020: €2k
2021: €-10k
2022: €6k
2018 → 2023
Working capital
€-23k▲ 64.5%
2022 · €-65k
2018: €-28k
2019: €-61k
2020: €-71k
2021: €-83k
2022: €-65k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€-37k-€-35k▲ 4.5%€-45k▼ 27.6%€-38k▲ 14.2%€-7k▲ 81.4%
Operating result€-34k-€2k€-9k€7k€32k▲ 370%
Net result€-34k-€2k€-10k€6k€31k▲ 392%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed two years in a row; 2023 is 370% above 2022 and is the highest year so far.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €277k
Fixed assets
€16k▼ 40.2%
Current assets
€261k▲ 24.9%
Key figures and ratios
EBITDA
€43k▲
2022 · €19k
Cash flow
€42k▲
2022 · €18k
Solvency
-2.6%▲
2022 · -16.3%
Current ratio
0.92▲
2022 · 0.76
Quick ratio
0.92▲
2022 · 0.76
Debt / equity
-39.77▼
2022 · -7.13
ROE
-438.6%▼
2022 · -16.6%
ROA
11.3%▲
2022 · 2.7%
Interest coverage
304.71▲
2022 · 134.15
Debt
€284k▲
2022 · €274k
Debt ≤ 1 year
€284k▲
2022 · €274k
Income taxes
€395▲
2022 · €293
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€235k€277k▲
Fixed assets21/28€27k€16k▼
Tangible fixed assets22/27€26k€16k▼
Plant, machinery and equipment23€927€578▼
Furniture and vehicles24€26k€15k▼
Financial fixed assets28€250€250=
Current assets29/58€209k€261k▲
Amounts receivable within one year40/41€190k€211k▲
Trade receivables40€189k€210k▲
Other amounts receivable41€1k€1k=
Cash at bank and in hand54/58€18k€46k▲
Deferred charges and accrued income490/1€1k€4k▲
Equity and liabilities
Total equity and liabilities10/49€235k€277k▲
Equity10/15€-38k€-7k▲
Contributions10/11€19k€19k=
Reserves13€495€495=
Non-distributable reserves130/1€495€495=
Reserves not available under the articles1311€495€495=
Profit (loss) carried forward14€-58k€-26k▲
Amounts payable17/49€274k€284k▲
Amounts payable within one year42/48€274k€284k▲
Trade debts44€122k€121k▼
Suppliers440/4€122k€121k▼
Taxes, remuneration and social security45€30k€48k▲
Taxes450/3€30k€48k▲
Other amounts payable47/48€122k€115k▼
Income statement
Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€11k▼
Other operating charges640/8€50-
Gross operating margin9900€19k€43k▲
Operating profit (loss)9901€7k€32k▲
Financial income75/76B€16€0▼
Recurring financial income75€16€0▼
Financial charges65/66B€139€140▲
Recurring financial charges65€139€140▲
Profit (loss) for the period before taxes9903€7k€32k▲
Income taxes67/77€293€395▲
Profit (loss) for the period9904€6k€31k▲
Profit (loss) for the period to be appropriated9905€6k€31k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-58k€-26k▲
Profit (loss) brought forward from the previous period14P€-64k€-58k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
04-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 309 days late
04-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 674 days late
2023
31-12
Financial
Highest result since 2018net €31k ▲392%
Operating result €32k, net result €31k, both a record.
2022
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 273 days late
2020
31-12
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 88 days late
2019
31-12
Financial
Weakest financial yearnet €-34k
Net result drops to €-34k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
07-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 7 days late
2017
16-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 47 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Brussel · 1 establishment unit since 2015
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.
Handelskaai 251000 BrusselGround area
315 m²
Building footprint
315 m²
Volume, LiDAR
8,291 m³
Parcel 21812N1396/00W000, Brussels · tallest building 32.3 m, ±10 floors. Linked by address, not a title deed.
1 establishment unit
THERMO-EXPERT
since 20152.248.894.916
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21812N1396/00W000 | Brussels | 315 m² | 1 · 315 m² | 32.3 m · 10 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.
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Of 9,475 companies in sector 43222 we hold annual accounts for 5,625. 3,193 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded31-10-2015
Fiscal year end31-12
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
33200Installation of industrial machinery and equipment
43221Plumbing work
46711Wholesale of cars and light vans (up to 3.5 tonnes)
45112
46712Wholesale trade
45192
46180Agents specialised in the wholesale of other particular products
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.