Age3 yrs
Real estate3 parcels · 3,146 m²
Summary
Conclusion
the dossier summarised in one paragraphThe file of THRM Group contains 1 judicial reorganisation, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is ≥ 25% (high). The 2024 annual accounts show equity of €3k and a net result of €1k. Its solvency ranks better than 32% of 5615 sector peers (fiscal year 2024).
Based on the State Gazette, CBE and 1 annual account.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone≥ 25%
High
0%0,5%1,5%4%10%≥25%
Judicial reorganisation on record
+Higher-failure-rate sector
+Young company
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Insolvency timeline
1 events23-12-2025
Judicial reorganisation
Opening
Trust signals
1 signalIn judicial reorganisation
Ongoing procedure under court protection (Book XX WER). The company is restructuring.
Administrative Flags
No administrative flags
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€1k
Working capital€-202k
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 02-09-2025 with the NBB · fiscal year 2024 · micro
Sector comparison
Fiscal year 2024 · NACE 56, Food & beverage service · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 1.1% | 19.3% | |
| Net result | €1k | €4k | |
| Equity | €3k | €14k | |
| Gross operating margin | €180k | €52k | |
| Staff costs | €148k | €49k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €31k |
| Net profit | €1k |
| Cash flow | €9k |
| Staff costs | €148k |
| Income taxes | €8k |
| Dividends | - |
| Total assets | €276k |
| Equity | €3k |
| Debt | €273k |
| of which ≤ 1y | €264k |
| of which > 1y | - |
| Working capital | €-202k |
| Employees (FTE) | - |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 0.23 |
| Quick ratio | 0.07 |
| Working capital ratio | -73.1% |
| Solvency | 1.1% |
| Debt / equity | 86.65 |
| Long-term debt ratio | - |
| Interest coverage | 2.21 |
| Gross margin | - |
| Net margin | - |
| ROA | 0.4% |
| ROE | 36.5% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €276k |
| Fixed assets | 21/28 | €214k |
| Intangible fixed assets | 21 | €63k |
| Tangible fixed assets | 22/27 | €40k |
| Financial fixed assets | 28 | €112k |
| Current assets | 29/58 | €62k |
| Stocks & contracts in progress | 3 | €43k |
| Amounts receivable within one year | 40/41 | €4k |
| Cash & bank | 54/58 | €12k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €276k |
| Equity | 10/15 | €3k |
| Contributions / capital | 10/11 | €2k |
| Accumulated profits (losses) | 14 | €1k |
| Amounts payable | 17/49 | €273k |
| Amounts payable within one year | 42/48 | €264k |
| Trade debts payable within one year | 44 | €159k |
| Income statement | ||
| Gross operating margin | 9900 | €180k |
| Operating result | 9901 | €23k |
| Financial income | 75 | €46 |
| Financial charges | 65 | €14k |
| Result before taxes | 9903 | €9k |
| Income taxes | 67/77 | €8k |
| Net result for the period | 9904 | €1k |
| Result to be appropriated | 9905 | €1k |
Ratios computed by Checked.
Health barometer
FY 2024 · computed18
/ 100
Critical
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Structure & network
Locations & real estate
Establishment units
2 locationsLe Saint Hadelin
since 20232.346.326.466
La Table de l'Ermite
since 20242.364.817.141
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels3
Ground area3,146 m²
Buildings3
Building footprint660 m²
Volume (LiDAR)3,423 m³
Tallest building19.8 m · ±2 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
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 | - |
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
1 event from the State Gazette23-12-2025
Judicial reorganisation
Opening
Time machine: BS events + macro context
2021-2026Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad · acts
1 acts All acts · 1
updated 1 year ago
2025
29-07-2025 2 directors appointed
- Ulens Maxime, Bestuurder
- Ulens Gavroche, Bestuurder
Analysis
Snowflake analysis
financial profile on 5 axes42
/ 100
Fragile profile, watch solvency in particular.
Health
18
Profitability
100
Solvency
1
Growth
50
Stability
39
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verdict per customer and amountSimilar
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Same sector, ranked by comparable sizeCompany registry
Company registry (CBE)
Crossroads BankActivities
Eetgelegenheden met volledige bediening56101Activiteiten van eetgelegenheden met volledige bediening56111
Primary activity highlighted.
Names & trade names
| Legal nameFR | THRM Group |
Registered office
Kolomstraat 1A
1080 Sint-Jans-Molenbeek, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.