THERMO-TECHNICS AB
ActiveTHERMO-TECHNICS AB has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €576k and a net result of €10k. Equity is shrinking by ~6% per year across the filed fiscal years. Its solvency ranks better than 54% of 31527 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
86
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability9▼-32
Solvency98=
Growth58=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 2.51 against 2.34 in 2024), and 39.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
60.1%
Return on assets
1.1%
Age of the figures
8 mo
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €576k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 10 filingsDeviation from the deadline
2025
28 d late
2024
32 d late
2023
1 d early
2022
on the day
2021
on the day
2020
4 d early
2019
49 d early
← before the deadline
after the deadline →
neutral · 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 monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€576k▲ 1.8%
2024 · €566k
2019: €849k
2020: €810k
2021: €776k
2022: €780k
2023: €519k
2024: €566k
2019 → 2025
Total assets
€959k▼ 2.9%
2024 · €987k
2019: €914k
2020: €836k
2021: €906k
2022: €996k
2023: €1.04M
2024: €987k
2019 → 2025
Net result
€10k▼ 78.5%
2024 · €47k
2019: €-35k
2020: €-39k
2021: €-34k
2022: €4k
2023: €79k
2024: €47k
2019 → 2025
Working capital
€575k▲ 2.2%
2024 · €563k
2019: €834k
2020: €792k
2021: €853k
2022: €967k
2023: €712k
2024: €563k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€776k-€780k▲ 0.5%€519k▼ 33.5%€566k▲ 9.0%€576k▲ 1.8%
Operating result€-43k-€422€78k▲ 18,501%€63k▼ 20.0%€7k▼ 89.4%
Net result€-34k-€4k€79k▲ 1,754%€47k▼ 40.6%€10k▼ 78.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 89% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €959k
Fixed assets
€2k▼ 36.7%
Current assets
€957k▼ 2.8%
Equity and liabilities €959k
Equity
€576k▲ 1.8%
Debt
€383k▼ 9.2%
The debt ratio falls from 42.7% to 39.9%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€8k▼
2024 · €68k
Cash flow
€11k▼
2024 · €53k
Solvency
60.1%▲
2024 · 57.3%
Current ratio
2.51▲
2024 · 2.34
Quick ratio
1.70▲
2024 · 1.62
Debt / equity
0.66▼
2024 · 0.74
ROE
1.7%▼
2024 · 8.3%
ROA
1.1%▼
2024 · 4.8%
Interest coverage
12.26▲
2024 · 3.78
Debt
€383k▼
2024 · €421k
Debt ≤ 1 year
€381k▼
2024 · €421k
Income taxes
€3k▼
2024 · €14k
Staff costs
€3k▼
2024 · €4k
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€987k€959k▼
Fixed assets21/28€3k€2k▼
Tangible fixed assets22/27€3k€2k▼
Land and buildings22€3k€2k▼
Current assets29/58€984k€957k▼
Stocks and contracts in progress3€302k€309k▲
Stocks30/36€302k€309k▲
Amounts receivable within one year40/41€196k€141k▼
Trade receivables40€47k€28k▼
Other amounts receivable41€149k€113k▼
Current investments50/53€324k€317k▼
Cash at bank and in hand54/58€162k€177k▲
Deferred charges and accrued income490/1-€13k
Equity and liabilities
Total equity and liabilities10/49€987k€959k▼
Equity10/15€566k€576k▲
Contributions10/11€12k€12k=
Reserves13€554k€554k=
Distributable reserves133€554k€554k=
Profit (loss) carried forward14-€10k
Amounts payable17/49€421k€383k▼
Amounts payable within one year42/48€421k€381k▼
Trade debts44€38k€8k▼
Suppliers440/4€38k€8k▼
Taxes, remuneration and social security45€19k€21k▲
Taxes450/3€19k€14k▼
Remuneration and social security454/9€236€6k▲
Other amounts payable47/48€364k€353k▼
Accrued charges and deferred income492/3-€1k
Income statement
Code20242025
Remuneration, social security and pensions62€4k€3k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€1k▼
Other operating charges640/8€2k€2k▼
Non-recurring operating charges66A€70k-
Gross operating margin9900€144k€13k▼
Operating profit (loss)9901€63k€7k▼
Financial income75/76B€17k€7k▼
Recurring financial income75€17k€7k▼
Financial charges65/66B€18k€641▼
Recurring financial charges65€18k€641▼
Profit (loss) for the period before taxes9903€61k€13k▼
Income taxes67/77€14k€3k▼
Profit (loss) for the period9904€47k€10k▼
Profit (loss) for the period to be appropriated9905€47k€10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€340k€10k▼
Profit (loss) brought forward from the previous period14P€293k-
Transfer to equity691/2€340k-
To other reserves6921€340k-
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
01-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 32 days late
2024
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Highest result since 2019net €79k ▲1754%
Operating result €78k, net result €79k, both a record.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Back to profitnet €4k
Net result €4k after 3 loss-making years.
30-06
Financial
Liquidity doublescurrent ratio 70.64
Current ratio from 30.65 to 70.64; short-term debt falls from €29k to €14k.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Weakest financial yearnet €-39k
Net result drops to €-39k, the lowest in the series; recovery starts the following year.
30-06
Financial
Liquidity triplescurrent ratio 60.98
Current ratio from 19.80 to 60.98; short-term debt falls from €44k to €13k.
2019
13-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
20-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
29-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
15-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2023
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
21-12-2023
Amand BLAFFART: Resigned as Manager
04-02-2008
Meertens Anne-Françoise: Resigned as Manager
Location & real-estate footprint
Registered office, Bassenge · 1 establishment unit since 2025
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 du Village 344690 BassengeGround area
1,544 m²
Building footprint
115 m²
Parcel 62029D0294/00Z000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue du Village 34, 4690 Bassenge
since 20252.378.117.623
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62029D0294/00Z000 | Wallonia | 1,544 m² | 1 · 115 m² | - |
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
894500SHGDHVP4KWPB62
Similar companies · same sector, comparable size
VALUTHERM
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A.M.A.
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POLARSUN
BE 0769.520.103
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ETABLISSEMENTS VRANCKEN
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ENTREPRISE SCHOUTENDE
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Oupeye · Eq €575k
Of 9,475 companies in sector 43222 we hold annual accounts for 5,625. 3,815 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-06-2006
Fiscal year end31-12
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 18 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.