THERMOCOCOON
ActiveSummary
THERMOCOCOON has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €184,296 and a net result of -€14,676. Equity is growing by ~11.1% per year across the filed fiscal years. Its solvency ranks better than 49% of 36370 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Overview
What they do
Installation of electric heating, air conditioning, cooling and ventilation
NACE 43222
1 site
How big
€404,781total assets 2024
- Staff
- 2.6 FTE
- Equity
- €184,296
- Loss
- -€14,676
Who decides
Accounts 62 d overdue0 of 1 deed read
Why 55- Higher-failure-rate sector- Annual accounts: weaker financial profile- Higher-failure-rate region- Filed more than 90 days late+ Long track recordShow the evidence
Checked score
Score 2024
Axes · tick = 2023
Profitability28▼-40
Solvency71▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days only on tighter terms
Liquidity ample (current ratio 3.92 against 4.55 in 2023; short-term debt: 12.7% and cash: 8.9% of total assets), but 54.5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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 2024Solvency, return and age of the figures
Solvency
45.5%
Return on assets
-3.6%
Age of the figures
21 mo
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
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-11-2025, 120 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
120 d late
2023
88 d late
2022
70 d late
2021
78 d late
2020
30 d late
2019
88 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 79 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · micro…
- Weakest financial yearnet -€14,676
- Annual accounts filedfiscal year 2023 · micro…
Financials
Fiscal year 2024Total assets €404,781Loss -€14,676Solvency 45.5%Liquidity 3.92
Total assets
€404,781▼ 5.3%
2018 - 2024
Net result
-€14,676
2018 - 2024
Equity
€184,296▼ 7.4%
2018 - 2024
Staff (FTE)
2.6▲ 13.0%
2018 - 2024
Financials · fiscal year 2024, micro schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€19,626▼ 57.5%€70,773▲ 261%€12,221▼ 82.7%€4,670▼ 61.8%-€11,929
Net result€16,728within the sector's middle half▼ 54.6%€56,174above the sector's middle half▲ 236%€6,232within the sector's middle half▼ 88.9%€2,608within the sector's middle half▼ 58.2%-€14,676below the sector's middle half
Equity€133,958above the sector's middle half▲ 14.3%€190,133above the sector's middle half▲ 41.9%€196,365above the sector's middle half▲ 3.3%€198,972above the sector's middle half▲ 1.3%€184,296above the sector's middle half▼ 7.4%
Total assets€227,876within the sector's middle half▲ 47.1%€452,873above the sector's middle half▲ 98.7%€475,869above the sector's middle half▲ 5.1%€427,612above the sector's middle half▼ 10.1%€404,781above the sector's middle half▼ 5.3%
Debt€93,918▲ 149%€262,741▲ 180%€279,505▲ 6.4%€228,640▼ 18.2%€220,485▼ 3.6%
Working capital€91,002above the sector's middle half▲ 37.1%€164,530above the sector's middle half▲ 80.8%€151,020above the sector's middle half▼ 8.2%€158,446above the sector's middle half▲ 4.9%€149,721above the sector's middle half▼ 5.5%
Solvency58.8%within the sector's middle half▼ 16.9pp42.0%within the sector's middle half▼ 16.8pp41.3%within the sector's middle half▼ 0.7pp46.5%within the sector's middle half▲ 5.3pp45.5%within the sector's middle half▼ 1.0pp
Current ratio2.90within the sector's middle half▲ 0.144.05above the sector's middle half▲ 1.152.80within the sector's middle half▼ 1.254.55above the sector's middle half▲ 1.753.92above the sector's middle half▼ 0.64
Return on assets (ROA)7.3%within the sector's middle half▼ 16.5pp12.4%within the sector's middle half▲ 5.1pp1.3%within the sector's middle half▼ 11.1pp0.6%within the sector's middle half▼ 0.7pp-3.6%below the sector's middle half▼ 4.2pp
Staff (FTE)2within the sector's middle half▲ 5.3%1.4▼ 30.0%2.3▲ 64.3%2.3=2.6▲ 13.0%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €11,929 after €4,670 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €404,781
Fixed assets
€203,742 ▼ 9.3%
Current assets
€201,039 ▼ 1.0%
Equity and liabilities €404,781
Equity
€184,296 ▼ 7.4%
Debt
€220,485 ▼ 3.6%
Debt's share of the balance-sheet total rises from 53.5% to 54.5%. Equity and debt are lower.
Key figures and ratios
Key figures and ratios
EBITDA
€8,903▼
2023 · €25,169
Cash flow
€6,156▼
2023 · €23,107
Quick ratio
3.82▼
2023 · 4.41
Debt to equity
1.20▲
2023 · 1.15
ROE
-8.0%▼
2023 · 1.3%
Interest coverage
1.63▼
2023 · 5.86
Debt ≤ 1 year
€51,318▲
2023 · €44,592
Debt > 1 year
€167,819▼
2023 · €181,690
Income taxes
€297▼
2023 · €1,244
Staff costs
€69,437▲
2023 · €57,686
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,910 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.9%
stopped otherwise
91%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,910 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Filed annual accounts
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €37,328 | €54,277 | €57,686 | €69,437 | ▲ 20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,173 | €11,442 | €19,918 | €20,499 | €20,832 | ▲ 1.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €35,638 | - |
| Other operating charges640/8 | - | €5,766 | €1,254 | €1,605 | €1,354 | ▼ 15.7% |
| Gross operating margin9900 | €85,136 | €125,308 | €87,670 | €84,460 | €115,331 | ▲ 36.6% |
| Operating profit (loss)9901 | €19,626 | €70,773 | €12,221 | €4,670 | -€11,929 | ▼ 355% |
| Financial income75/76B | - | €1,185 | €1,161 | €3,477 | €3,007 | ▼ 13.5% |
| Recurring financial income75 | €616 | €1,185 | €1,161 | €3,477 | €3,007 | ▼ 13.5% |
| Financial charges65/66B | - | €6,146 | €4,619 | €4,295 | €5,457 | ▲ 27.1% |
| Recurring financial charges65 | €1,588 | €6,146 | €4,619 | €4,295 | €5,457 | ▲ 27.1% |
| Profit (loss) for the period before taxes9903 | €18,654 | €65,811 | €8,763 | €3,852 | -€14,379 | ▼ 473% |
| Income taxes67/77 | €1,925 | €9,637 | €2,531 | €1,244 | €297 | ▼ 76.1% |
| Profit (loss) for the period9904 | €16,728 | €56,174 | €6,232 | €2,608 | -€14,676 | ▼ 663% |
| Profit (loss) for the period to be appropriated9905 | €16,728 | €56,174 | €6,232 | €2,608 | -€14,676 | ▼ 663% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €227,876 | €452,873 | €475,869 | €427,612 | €404,781 | ▼ 5.3% |
| Fixed assets21/28 | €88,921 | €234,422 | €240,985 | €224,574 | €203,742 | ▼ 9.3% |
| Intangible fixed assets21 | €6,750 | €5,250 | €3,750 | €2,250 | €750 | ▼ 66.7% |
| Tangible fixed assets22/27 | €81,751 | €228,752 | €236,815 | €221,904 | €202,572 | ▼ 8.7% |
| Land and buildings22 | - | €225,945 | €234,670 | €218,319 | €200,099 | ▼ 8.3% |
| Plant, machinery and equipment23 | - | €2,807 | €2,145 | €3,564 | €2,460 | ▼ 31.0% |
| Furniture and vehicles24 | - | €0 | €0 | €21 | €13 | ▼ 39.5% |
| Financial fixed assets28 | €420 | €420 | €420 | €420 | €420 | = |
| Current assets29/58 | €138,955 | €218,451 | €234,884 | €203,038 | €201,039 | ▼ 1.0% |
| Stocks and contracts in progress3 | €8,502 | €5,443 | €13,852 | €6,200 | €4,977 | ▼ 19.7% |
| Stocks30/36 | - | €5,443 | €13,852 | €6,200 | €4,977 | ▼ 19.7% |
| Amounts receivable within one year40/41 | €89,583 | €98,733 | €143,117 | €167,938 | €157,435 | ▼ 6.3% |
| Trade receivables40 | - | €95,554 | €138,075 | €152,650 | €130,126 | ▼ 14.8% |
| Other amounts receivable41 | - | €3,179 | €5,042 | €15,288 | €27,309 | ▲ 78.6% |
| Cash at bank and in hand54/58 | €37,823 | €104,477 | €70,258 | €23,338 | €36,188 | ▲ 55.1% |
| Deferred charges and accrued income490/1 | - | €9,798 | €7,657 | €5,562 | €2,440 | ▼ 56.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €227,876 | €452,873 | €475,869 | €427,612 | €404,781 | ▼ 5.3% |
| Equity10/15 | €133,958 | €190,133 | €196,365 | €198,972 | €184,296 | ▼ 7.4% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €111,860 | €166,860 | €172,860 | €177,860 | €162,860 | ▼ 8.4% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €165,000 | €171,000 | €176,000 | €161,000 | ▼ 8.5% |
| Profit (loss) carried forward14 | €3,498 | €4,673 | €4,905 | €2,512 | €2,836 | ▲ 12.9% |
| Amounts payable17/49 | €93,918 | €262,741 | €279,505 | €228,640 | €220,485 | ▼ 3.6% |
| Amounts payable after more than one year17 | €45,965 | €208,732 | €195,326 | €181,690 | €167,819 | ▼ 7.6% |
| Financial debts170/4 | - | €208,732 | €195,326 | €181,690 | €167,819 | ▼ 7.6% |
| Amounts payable within one year42/48 | €47,953 | €53,921 | €83,865 | €44,592 | €51,318 | ▲ 15.1% |
| Current portion of amounts payable after more than one year42 | - | €13,180 | €13,406 | €13,636 | €13,870 | ▲ 1.7% |
| Trade debts44 | €35,339 | €30,967 | €57,266 | €22,572 | €23,540 | ▲ 4.3% |
| Suppliers440/4 | - | €30,967 | €57,266 | €22,572 | €23,540 | ▲ 4.3% |
| Taxes, remuneration and social security45 | - | €9,774 | €11,405 | €7,841 | €13,908 | ▲ 77.4% |
| Taxes450/3 | - | €7,537 | €4,494 | €2,185 | €900 | ▼ 58.8% |
| Remuneration and social security454/9 | - | €2,237 | €6,911 | €5,656 | €13,008 | ▲ 130% |
| Other amounts payable47/48 | - | - | €1,787 | €543 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | €88 | €315 | €2,358 | €1,348 | ▼ 42.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,728 | €56,174 | €6,232 | €2,608 | -€14,676 | ▼ 663% |
| + Depreciation and write-downs630 | €12,173 | €11,442 | €19,918 | €20,499 | €20,832 | ▲ 1.6% |
| Operating cash flow (approximation) | €28,901 | €67,616 | €26,149 | €23,107 | €6,156 | ▼ 73.4% |
| Investment in fixed assets (approximation) | - | -€156,943 | -€26,481 | -€4,088 | €0 | ▲ 100% |
| Change in cash | - | €66,654 | -€34,219 | -€46,921 | €12,850 | ▲ 127% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
C&G Chauffage - Sanitaire
BE 0765.365.632
Theux · Eq €184,193
Pro Heatings
BE 0652.693.994
Edegem · Eq €184,188
Centrale Verwarming en Sanitair Sterckx en Co
BE 0405.925.697
Tessenderlo-Ham · Eq €184,097
B&C TECHNICS BELGIUM
BE 0860.903.902
Geel · Eq €183,934
De Caluwe HVAC
BE 0804.362.008
Merelbeke-Melle · Eq €184,690
Of 9,543 companies in this sector we hold annual accounts for 5,667. 4,861 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
14 eventsLatest 28-11-2025
History
Acts, filings and financial milestones
2025
28-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 120 days late
2024
31-12
Financial
Weakest financial yearnet -€14,676
Net result drops to -€14,676, the lowest in the series.
27-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 88 days late
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
31-12
Financial
Highest result since 2018net €56,174 ▲236%
Operating result €70,773, net result €56,174, both a record.
31-12
Financial
Equity above €150,000Eq €190,133 ▲41.9%
4 profitable years in a row build equity to €190,133.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 88 days late
2019
31-12
Financial
Equity above €100,000Eq €117,230 ▲32.7%
2 profitable years in a row build equity to €117,230.
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 91 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 59 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Company details
Private limited company (pre-2019) · founded 25-04-2008Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company (pre-2019)
Founded25-04-2008
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43221Plumbing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0897569704
Also
9925:BE0897569704
Registered
30-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Neupré · 1 establishment unit since 2008
Ground area
1,031 m²
Building footprint
123 m²
Volume, LiDAR
869 m³
Parcel 62081A0405/00B005, Wallonia · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TERMOCOCOON
since 2008unit no. 2.170.551.479
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62081A0405/00B005 | Wallonia | 1,031 m² | 1 · 123 m² | 9.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.