THRM Group
Judicial reorganisationSummary
The file of THRM Group contains 1 judicial reorganisation, as published in the Belgian State 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 2024 annual accounts show equity of €3,152 and a net result of €1,152. Its solvency ranks better than 28% of 18932 sector peers (fiscal year 2024).
Are you a creditor?
Judicial reorganisation
Source: Belgian 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.
The procedure
- Court
- Enterprise Court of Liège
- Opened
- 16 December 2025
- Track
- Reorganisation by amicable settlement
- Docket number
- 20250046
- Moratorium until
- 16 March 2026 (passed; an extension would be in a later judgment)
- Delegated judge
- Renato Sanchioni
- Official Gazette
- 23-12-2025 (pdf) ↗search the document for 2025/152882
What to do now
- 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.
- The file is in RegSol, where you can read the documents of the procedure.
Deadlines: the judgment sets how long the moratorium runs. That date is in RegSol and in the publication in the Official Gazette.
View the file in RegSol ↗
Watch
Follow this reorganisation: you are alerted to an extension, the court's approval, the closure or a bankruptcy.
General information, not legal advice. If in doubt, your lawyer or your accountant can help. Full guide for creditors
Checked score
Score 2024
Axes
Profitability38
Solvency26
Growth-
Track record39
Credit verdict
No credit on open account during an ongoing judicial reorganisation
Liquidity short (current ratio 0.23; short-term debt: 95.4% and cash: 4.4% of total assets), and 98.9% of the assets are financed with debt.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-09-2025, 33 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 · 1 filingDeviation from the deadline
2024
33 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its 2024 accounts 33 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
What should you check before you do business with this company?Supplier due diligence What held for this company on a given day: board, seat, name?Company as of a date Is the registered address a letterbox address or a business centre?Address check Are there other customers at risk in your own list?Debtor check How is the Full-service restaurants sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€3,152
Total assets
€276,249
Net result
€1,152
Working capital
-€201,820
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €276,249
Fixed assets
€214,396
Current assets
€61,853
Equity and liabilities €276,249
Equity
€3,152
Debt
€273,098
Debt finances 98.9% of the balance-sheet total.
Key figures and ratios
EBITDA
€31,403
Cash flow
€9,198
Current ratio
0.23
Quick ratio
0.07
Debt to equity
86.65
ROE
36.5%
ROA
0.4%
Interest coverage
2.21
Debt ≤ 1 year
€263,673
Income taxes
€8,024
Staff costs
€148,026
Annual accounts
| Line | 2024 |
|---|---|
| Non-recurring operating income76A | €41,120 |
| Remuneration, social security and pensions62 | €148,026 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,046 |
| Other operating charges640/8 | €676 |
| Gross operating margin9900 | €180,105 |
| Operating profit (loss)9901 | €23,357 |
| Financial income75/76B | €46 |
| Recurring financial income75 | €46 |
| Financial charges65/66B | €14,227 |
| Recurring financial charges65 | €14,227 |
| Profit (loss) for the period before taxes9903 | €9,176 |
| Income taxes67/77 | €8,024 |
| Profit (loss) for the period9904 | €1,152 |
| Profit (loss) for the period to be appropriated9905 | €1,152 |
| Line | 2024 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €276,249 | |
| Fixed assets21/28 | €214,396 | |
| Intangible fixed assets21 | €62,977 | |
| Tangible fixed assets22/27 | €39,869 | |
| Plant, machinery and equipment23 | €20,819 | |
| Furniture and vehicles24 | €7,488 | |
| Other tangible fixed assets26 | €11,562 | |
| Financial fixed assets28 | €111,550 | |
| Current assets29/58 | €61,853 | |
| Stocks and contracts in progress3 | €43,082 | |
| Stocks30/36 | €43,082 | |
| Amounts receivable within one year40/41 | €3,866 | |
| Trade receivables40 | €3,803 | |
| Other amounts receivable41 | €64 | |
| Cash at bank and in hand54/58 | €12,204 | |
| Deferred charges and accrued income490/1 | €2,701 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €276,249 | |
| Equity10/15 | €3,152 | |
| Contributions10/11 | €2,000 | |
| Profit (loss) carried forward14 | €1,152 | |
| Amounts payable17/49 | €273,098 | |
| Amounts payable within one year42/48 | €263,673 | |
| Current portion of amounts payable after more than one year42 | €26,337 | |
| Trade debts44 | €158,728 | |
| Suppliers440/4 | €158,728 | |
| Taxes, remuneration and social security45 | €62,035 | |
| Taxes450/3 | €19,430 | |
| Remuneration and social security454/9 | €42,605 | |
| Other amounts payable47/48 | €16,572 | |
| Accrued charges and deferred income492/3 | €9,425 | |
| Line | 2024 |
|---|---|
| Profit (loss) for the period9904 | €1,152 |
| + Depreciation and write-downs630 | €8,046 |
| Operating cash flow (approximation) | €9,198 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
23-12
Judicial reorganisation
Opening
Tribunal de l’entreprise de Liège · amicable agreement · event 16-12-2025
02-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 33 days late
SignalNBB filing
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Sint-Jans-Molenbeek · 2 establishment units since 2023
Ground area
3,146 m²
Building footprint
660 m²
Volume, LiDAR
3,423 m³
3 parcels, Brussels, Wallonia · tallest building 19.8 m, ±2 floors. Linked by address, not a title deed.
291
companies at this address
See who is registered here
2 establishment units
Le Saint Hadelin
since 20232.346.326.466
La Table de l'Ermite
since 20242.364.817.141
3 parcels
Wallonia
2
(66.7%)
Brussels
1
(33.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21522B0623/00L000 | Brussels | 2,442 m² | 1 · 406 m² | 19.8 m · 2 fl. |
| 91026H0076/00A002 | Wallonia | 483 m² | 1 · 115 m² | - |
| 91026H0079/02K000 | Wallonia | 221 m² | 1 · 139 m² | - |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesHouyet2.346.326.466
Houyet2.364.817.141
Similar companies · same sector, comparable size
SOFIA
BE 1024.786.192
Oostende · Eq €3,152
FERMETTE
BE 0662.701.525
Gent · Eq €3,151
L'ESCAPADE
BE 0471.817.106
Perwez · Eq €3,145
IN DEN BOULE
BE 0749.631.539
Leuven · Eq €3,167
WESELO
BE 0760.825.933
Mol · Eq €3,170
Of 20,501 companies in sector 56111 we hold annual accounts for 11,453. 3,827 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded15-06-2023
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
Contact
Scores and ratios are computed by Checked and are not a credit decision.