THERMODRILL
ActiveTHERMODRILL has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €171k and a net result of €-94k. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 23% of 7760 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability30▼-46
Solvency47▼-16
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days only on tighter terms
Liquidity tight (current ratio 1.2 against 1.37 in 2024; short-term debt: 78% and cash: 2.4% of total assets), and 78% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 7760 sector peers (2025).
NBB · sector comparisonPosition among 7760 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
42 d early
2023
23 d early
2022
11 d late
2021
31 d late
2020
90 d late
2019
151 d late
← 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€171k▼ 35.3%
2024 · €265k
2018: €218k
2019: €253k
2020: €241k
2021: €43k
2022: €178k
2023: €222k
2024: €265k
2018 → 2025
Total assets
€777k▲ 12.5%
2024 · €691k
2018: €859k
2019: €1.14M
2020: €1.32M
2021: €841k
2022: €895k
2023: €973k
2024: €691k
2018 → 2025
Net result
€-94k
2024 · €42k
2018: €105k
2019: €34k
2020: €-12k
2021: €-198k
2022: €135k
2023: €44k
2024: €42k
2018 → 2025
Working capital
€122k▼ 12.1%
2024 · €139k
2018: €42k
2019: €75k
2020: €115k
2021: €-142k
2022: €27k
2023: €46k
2024: €139k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€43k-€178k▲ 313%€222k▲ 24.5%€265k▲ 19.1%€171k▼ 35.3%
Operating result€-216k-€138k€48k▼ 65.4%€59k▲ 23.9%€-92k
Net result€-198k-€135k€44k▼ 67.6%€42k▼ 3.1%€-94k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €92k after €59k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €777k
Fixed assets
€49k▼ 71.5%
Current assets
€728k▲ 40.2%
Equity and liabilities €777k
Equity
€171k▼ 35.3%
Debt
€606k▲ 42.2%
The debt ratio rises from 61.7% to 78.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€4k▼
2024 · €203k
Cash flow
€3k▼
2024 · €187k
Solvency
22.0%▼
2024 · 38.3%
Current ratio
1.20▼
2024 · 1.37
Quick ratio
1.01▼
2024 · 1.02
Debt / equity
3.54▲
2024 · 1.61
ROE
-54.7%▼
2024 · 16.0%
ROA
-12.0%▼
2024 · 6.1%
Interest coverage
3.13▼
2024 · 67.15
Debt
€606k▲
2024 · €426k
Debt ≤ 1 year
€606k▲
2024 · €380k
Debt > 1 year
€0▼
2024 · €46k
Income taxes
€0▼
2024 · €14k
Staff costs
€67k▼
2024 · €188k
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€691k€777k▲
Fixed assets21/28€171k€49k▼
Tangible fixed assets22/27€170k€47k▼
Plant, machinery and equipment23€44k€0▼
Furniture and vehicles24€29k€3k▼
Leasing and similar rights25€97k€45k▼
Financial fixed assets28€2k€2k=
Current assets29/58€519k€728k▲
Stocks and contracts in progress3€131k€119k▼
Stocks30/36€131k€119k▼
Amounts receivable within one year40/41€360k€582k▲
Trade receivables40€319k€566k▲
Other amounts receivable41€41k€16k▼
Cash at bank and in hand54/58€22k€18k▼
Deferred charges and accrued income490/1€6k€9k▲
Equity and liabilities
Total equity and liabilities10/49€691k€777k▲
Equity10/15€265k€171k▼
Contributions10/11€30k€30k=
Reserves13€235k€141k▼
Distributable reserves133€235k€141k▼
Amounts payable17/49€426k€606k▲
Amounts payable after more than one year17€46k€0▼
Financial debts170/4€46k€0▼
Amounts payable within one year42/48€380k€606k▲
Current portion of amounts payable after more than one year42€89k€46k▼
Trade debts44€285k€559k▲
Suppliers440/4€285k€559k▲
Taxes, remuneration and social security45€4k€1k▼
Taxes450/3€4k€0▼
Remuneration and social security454/9€219€1k▲
Other amounts payable47/48€735€0▼
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Non-recurring operating income76A€96k€78k▼
Remuneration, social security and pensions62€188k€67k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€144k€96k▼
Other operating charges640/8€8k€4k▼
Non-recurring operating charges66A€24k€2k▼
Gross operating margin9900€424k€76k▼
Operating profit (loss)9901€59k€-92k▼
Financial income75/76B€500€0▼
Recurring financial income75€500€0▼
Financial charges65/66B€3k€1k▼
Recurring financial charges65€3k€1k▼
Profit (loss) for the period before taxes9903€56k€-94k▼
Income taxes67/77€14k€0▼
Profit (loss) for the period9904€42k€-94k▼
Profit (loss) for the period to be appropriated9905€42k€-94k▼
Appropriation of the result
Profit (loss) to be appropriated9906€42k€-94k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2-€94k
Transfer to equity691/2€42k€0▼
To other reserves6921€42k€0▼
Social balance
Average headcount (FTE)90872.81.0▼
The notes to these accounts (18 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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €200kEq €222k ▲24.5%
2 profitable years in a row build equity to €222k.
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 11 days late
2022
31-12
Financial
Back to profitnet €135k
Net result €135k after 2 loss-making years.
31-12
Financial
Equity above €150kEq €178k ▲313%
Equity rises from €43k to €178k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-198k
Net result drops to €-198k, the lowest in the series; recovery starts the following year.
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 90 days late
2020
29-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 151 days late
2019
14-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 106 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 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, Melle · 1 establishment unit since 2008
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.
Brusselsesteenweg 58-609090 MelleGround area
7,180 m²
Building footprint
1,865 m²
Volume, LiDAR
11,329 m³
2 parcels, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
THERMODRILL
since 20082.171.753.784
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42025G1502/00A000 | Flanders | 6,213 m² | 1 · 1,684 m² | 8.7 m · 2 fl. |
| 44402A0385/00W014 | Flanders | 967 m² | 1 · 180 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 2,203 EUR awarded · 2,430 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 633 EUR | 633 EUR |
| 2023 | 1 | 1,499 EUR | 1,726 EUR |
| 2022 | 1 | 71 EUR | 71 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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LEGDEN
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APC
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Of 607 companies in sector 43130 we hold annual accounts for 302. 241 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-07-2008
Fiscal year end31-12
Activities, NACEBEL
43130Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0473/378064