THRM Group
Annual accounts 2025
micro format, filed on 07-10-2026, 68 days lateTurnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €71,805 on 31-12-2025in euro
in euro
Position in the sector
-490.9%
Lower than 95% of 17,162 companies in 2025.
0.07
Lower than 95% of 16,586 companies in 2025.
-495.3%
Lower than 95% of 16,669 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
Staff
€42,504
Staff costs divided by the average number of full-time equivalents.
-4 people
In 2025, 13 people joined and 17 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
71,805 | 276,249 | |
21/28 |
40,197 | 214,396 | |
21 |
- | 62,977 | |
22/27 |
24,447 | 39,869 | |
23 |
14,776 | 20,819 | |
24 |
5,033 | 7,488 | |
26 |
4,638 | 11,562 | |
28 |
15,750 | 111,550 | |
29/58 |
31,608 | 61,853 | |
3 |
21,092 | 43,082 | |
30/36 |
21,092 | 43,082 | |
40/41 |
8,035 | 3,866 | |
40 |
7,282 | 3,803 | |
41 |
753 | 64 | |
54/58 |
2,481 | 12,204 | |
490/1 |
- | 2,701 | |
| Balance sheet: equity and liabilities | |||
10/49 |
71,805 | 276,249 | |
10/15 |
-352,469 | 3,152 | |
10/11 |
2,000 | 2,000 | |
14 |
-354,469 | 1,152 | |
17/49 |
424,274 | 273,098 | |
42/48 |
422,624 | 263,673 | |
42 |
11,245 | 26,337 | |
43 |
5,319 | - | |
430/8 |
5,319 | - | |
44 |
219,481 | 158,728 | |
440/4 |
219,481 | 158,728 | |
45 |
171,649 | 62,035 | |
450/3 |
45,056 | 19,430 | |
454/9 |
126,593 | 42,605 | |
47/48 |
14,929 | 16,572 | |
492/3 |
1,650 | 9,425 | |
| Income statement | |||
76A |
- | 41,120 | |
9900 |
-65,704 | 180,105 | |
62 |
89,259 | 148,026 | |
630 |
7,744 | 8,046 | |
640/8 |
5,137 | 676 | |
66A |
144,447 | - | |
9901 |
-312,291 | 23,357 | |
75/76B |
17 | 46 | |
75 |
17 | 46 | |
65/66B |
42,697 | 14,227 | |
65 |
42,697 | 14,227 | |
9903 |
-354,971 | 9,176 | |
67/77 |
649 | 8,024 | |
9904 |
-355,621 | 1,152 | |
9905 |
-355,621 | 1,152 | |
| Appropriation of the result | |||
9906 |
-354,469 | 1,152 | |
14P |
1,152 | - | |
| Social balance sheet | |||
9087 |
2.1 | - | |
Hours worked1013 |
2,777 | - | |
| Document | |||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 07-10-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 68 days after the deadline. Filed on 7 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00549935.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| -304,547 | 31,403 | ||
| -347,877 | 9,198 | ||
| -166,456 | 222,442 | ||
| -9,723 | - | ||
| -391,016 | -201,820 | ||
| -490.9% | 1.1% | ||
| 0.07 | 0.23 | ||
| 0.02 | 0.07 | ||
| - | 86.65 | ||
| - | 36.5% | ||
| -495.3% | 0.4% | ||
| -7.13 | 2.21 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 |
|---|---|
| Employees at the balance-sheet date | 1 |
| full-time | 1 |
| in full-time equivalents | 1 |
| 2.1 | |
| On a permanent contract | 1 |
| Joined | 13 |
| Left | 17 |
Source: social balance sheet in the 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | - | €47,915 |
| Intangible fixed assets | - | €62,977 |
| Financial fixed assets | - | €111,550 |
| €7,744 | €8,046 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on THRM Group
The operating result for 2025 is a loss of €312,291, after a profit of €23,357 in 2024.
Equity is negative. Debt (€424,274) exceeds the balance-sheet total (€71,805).