16 June 2026 (passed, unless a later judgment extended it)
Delegated judge
Renato Sanchioni
Official Gazette
23-12-2025search the document for 2025/152882
Extension
judgment of 10 March 2026, Official Gazette 17-03-2026search the document for 2026/110778
Steps for a creditor
Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
An amicable settlement binds only the creditors who sign it. You decide whether you sign.
What you deliver after the opening is not covered by the moratorium. Agree clear payment terms for it.
The file is in RegSol, where you can read the documents of the procedure.
The judgment sets how long the moratorium runs. That date is in RegSol and in the publication in the Official Gazette.
Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.
FollowFollow this reorganisation and you are notified of an extension, the court's approval, the closure or a bankruptcy.
This is general information, not legal advice. If in doubt, your lawyer or your accountant can help.
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Lifetime
2 annual accounts with figures on one time axis
peak €180,105 (2024)
-€65,704▼ €245,809
lowest -€355,621 (2025)
-€355,621▼ €356,773
peak €3,152 (2024)
-€352,469▼ €355,621
€424,274▲ 55.4%
Board4 names since 2023
2 directorsHidden nameVisible after signing in and 1 other
Documentsfilings and deeds
07-10-202668 days late
2025micro format
Judicial reorganisation opened23-12Gross margin from €180,105 to -€65,704Loss of €355,621Appointments: Name hiddenVisible after signing in (director) and Name hiddenVisible after signing in (director)29-07Equity from €3,152 to -€352,469Debts from €273,098 to €424,274
Lower solvency than 95% of companies in food and beverage service. Sector median 29.5% · 17,162 companies.
2025 accounts filed 68 days after the deadlineTurnover not published (micro format)
Checked score
Checked score
The higher the Checked score (0 to 100), the smaller the chance that the company goes bankrupt within twelve months. That chance sets the band, from Critical to Excellent, and within the band how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
XXVisible after signing in
HiddenVisible after signing in
Bankruptcy probability within 12 months
Bankruptcy probability
It is the chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. At 0.2%, about 2 in 1,000 comparable companies go bankrupt. The higher it is, the shorter the payment term to agree.
Judicial reorganisation
About 1 in 4 comparable companies went bankrupt within the year
A judicial reorganisation is open. There is then no bankruptcy probability from the figures. Of every Belgian company in an open or failed reorganisation, 25% to 26% went bankrupt within twelve months (measured in 2024 and 2025).
Financial strength
Financial strength
Financial strength measures the balance sheet and the results with three figures out of 100 from the latest annual accounts: solvency, liquidity and profitability. Without a bankruptcy probability, the company's Checked score rests on these figures.
XXVisible after signing in
XXVisible after signing in
XXVisible after signing in
Credit verdict
Credit verdict
The credit verdict says how much credit you can give the company on open account. “Acceptable” means normal terms, “With conditions” means limiting the amount or the term. “Not advised” means asking for payment up front.
Visible after signing inVisible after signing in
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Signal visible after signing inVisible after signing in
Signal hidden, visible after signing inVisible after signing in
Hidden signalVisible after signing in
Signal visible after signing inVisible after signing in
Board and ownership
Name hiddenVisible after signing in
Director
Hidden nameVisible after signing in
Director
Name after signing inVisible after signing in 20 sharesdeed of 19-06-2023
Name hiddenVisible after signing in 20 sharesdeed of 19-06-2023
Hidden nameVisible after signing in 20 sharesdeed of 19-06-2023
ExtensionEnterprise Court of Liège · amicable agreement · judgment of 10-03-2026 · Judicial reorganisation
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0802782094
Judicial reorganisation openedEnterprise Court of Liège · amicable agreement · judgment of 16-12-2025 · Judicial reorganisation
Appointments: Name hiddenVisible after signing in (director) and Hidden nameVisible after signing in (director)
General meeting of 30-04-2025 · Gazette deed
Sector peers are the companies with the same activity (NACE code) and, where stated, the same size, that the company is compared with. A percentile says how many of them do worse.
These companies have the same main activity as THRM Group: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €54,800 and €78,400, founded between 2022 and 2023.
Official details
Source: KBO
Status
Active since 15-06-2023Judicial reorganisation since 16-12-2025, moratorium until 16-06-2026 · normal situation in the KBO register
The file of THRM Group contains 2 judicial reorganisation notices, as published in the Belgian Official Gazette. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures. Of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months.
The 2025 annual accounts show negative equity (-€352,469) and a net result of -€355,621. Its solvency ranks better than 5% of 17,162 sector peers (NACE 56, financial year 2025).