THERMUS
ActiveThe computed 12-month bankruptcy probability of THERMUS is 2.9% (moderate). The annual accounts of THERMUS for fiscal year 2025 show a net loss of 51% of total assets and of 66% of the equity at the start of that year. The 2025 annual accounts show equity of €11k and a net result of €-21k. Its solvency ranks better than 36% of 2167 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
41
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-100
Solvency51▼-14
Growth32
Track record82
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.73 against 1.07 in 2024; short-term debt: 74.2% and cash: 46.8% of total assets), and 74.2% 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.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
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 2025Solvency, return and age of the figures
Solvency
25.8%
Return on assets
-51%
Age of the figures
9 mo
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 16-07-2026, 15 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
15 d early
2024
105 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€11k▼ 66.4%
2024 · €32k
2024: €32k
2024 → 2025
Total assets
€41k▼ 48.2%
2024 · €79k
2024: €79k
2024 → 2025
Net result
€-21k
2024 · €27k
2024: €27k
2024 → 2025
Working capital
€-8k
2024 · €3k
2024: €3k
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€32k-€11k▼ 66.4%
Operating result€41k-€-21k
Net result€27k-€-21k
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 turns negative in 2025: a loss of €21k after €41k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €41k
Fixed assets
€19k▼ 33.7%
Current assets
€22k▼ 56.2%
Equity and liabilities €41k
Equity
€11k▼ 66.4%
Debt
€31k▼ 36.2%
The debt ratio rises from 60.2% to 74.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-7k▼
2024 · €54k
Cash flow
€-7k▼
2024 · €40k
Solvency
25.8%▼
2024 · 39.8%
Current ratio
0.73▼
2024 · 1.07
Quick ratio
0.73▼
2024 · 1.07
Debt / equity
2.88▲
2024 · 1.51
ROE
-197.9%▼
2024 · 84.2%
ROA
-51.0%▼
2024 · 33.5%
Interest coverage
-77.51▼
2024 · 723.44
Debt
€31k▼
2024 · €48k
Debt ≤ 1 year
€31k▼
2024 · €48k
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€79k€41k▼
Fixed assets21/28€28k€19k▼
Tangible fixed assets22/27€28k€19k▼
Plant, machinery and equipment23€1k€2k▲
Furniture and vehicles24€27k€17k▼
Financial fixed assets28€183€183=
Current assets29/58€51k€22k▼
Amounts receivable within one year40/41€7k€1k▼
Trade receivables40€4k€107▼
Other amounts receivable41€3k€1k▼
Cash at bank and in hand54/58€42k€19k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€79k€41k▼
Equity10/15€32k€11k▼
Contributions10/11€5k€5k=
Outside capital11€5k€5k=
Other1109/19€5k€5k=
Reserves13€27k€27k=
Distributable reserves133€27k€27k=
Profit (loss) carried forward14-€-21k
Amounts payable17/49€48k€31k▼
Amounts payable within one year42/48€48k€31k▼
Trade debts44€4k€1k▼
Suppliers440/4€4k€1k▼
Taxes, remuneration and social security45€3k€3k▼
Taxes450/3€3k€3k▼
Other amounts payable47/48€41k€26k▼
Accrued charges and deferred income492/3€44€12▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€14k▲
Other operating charges640/8€2k€884▼
Gross operating margin9900€56k€-6k▼
Operating profit (loss)9901€41k€-21k▼
Financial income75/76B€306€295▼
Recurring financial income75€306€295▼
Financial charges65/66B€74€299▲
Recurring financial charges65€74€85▲
Non-recurring financial charges66B-€214
Profit (loss) for the period before taxes9903€41k€-21k▼
Income taxes67/77€14k-
Profit (loss) for the period9904€27k€-21k▼
Profit (loss) for the period to be appropriated9905€27k€-21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€27k€-21k▼
Transfer to equity691/2€27k-
To other reserves6921€27k-
The notes to these accounts (7 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
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
17-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
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, Brakel · 1 establishment unit since 2023
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.
Stationsstraat 939660 BrakelGround area
220 m²
Building footprint
107 m²
Volume, LiDAR
975 m³
Parcel 45028A0568/00G003, Flanders · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Stationsstraat 93, 9660 Brakel
since 20232.351.874.569
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45028A0568/00G003 | Flanders | 220 m² | 1 · 107 m² | 11.7 m · 3 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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BE 0799.971.569
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EUROTRADE
BE 0421.520.824
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GVD CONCEPT
BE 0782.331.922
Sint-Agatha-Berchem · Eq €11k
Of 29,801 companies in sector 41001 we hold annual accounts for 16,041. 9,492 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-11-2023
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43211General electrical installation work
43230Insulation installation
43291Specialised construction activities
43320Joinery installation
43410Roofing work
43990Other specialised construction activities
43995Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.