Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 142.8 to 120.4.
Financials
Financial year 2025
MICROTHERM from Sint-Niklaas, company number BE0407566878, closed financial year 2025 with a result of € -475,902 after tax. For that financial year MICROTHERM recorded revenue of € 19 million and equity of € 9.6 million. Compared with financial year 2024, the result moved from € 1.9 million to € -475,902. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 8, 2026.
€ 9.6 million
▼ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -475,902
▼ still € 1.9 million profit in 2024
Profit after tax over the fiscal year.
€ 1,925
▲ 50% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 4.2 million.
People and assets in 2025
120.4
▼ 9.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 11.2 million
▼ 8% vs 2024
€ 93,000 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 57,406
▼ 26% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 3.5 million
Loans from banks and other lenders, long and short.
€ 1.4 million
▼ 78% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 42 days on average.
€ 2.4 million
▼ 2% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 25,568,518 | € 26,775,661 | € 31,322,479 | € 19,043,659 | ▼ 39% |
| Profit after taxes | € -2,059,138 | € -40,559 | € 1,883,928 | € -475,902 | ▼ € 2.4 million |
| Equity | € 8,239,223 | € 8,198,664 | € 10,082,592 | € 9,606,690 | ▼ 5% |
| Total debts | € 9,058,406 | € 10,605,088 | € 12,312,368 | € 7,437,708 | ▼ 40% |
| Cash | € 1,530 | € 1,351 | € 1,282 | € 1,925 | ▲ 50% |
| Land & buildings | € 798,877 | € 1,213,325 | € 1,214,802 | € 1,125,053 | ▼ 7% |
| Retained profit | € 2,807,640 | € 2,767,081 | € 4,651,009 | € 4,175,107 | ▼ 10% |
| Bank debt | € 3,500,000 | € 3,500,000 | € 3,500,000 | € 3,500,000 | |
| Balance sheet total | € 17,788,048 | € 19,470,669 | € 22,694,792 | € 17,101,485 | ▼ 25% |
| Employees (FTE) | 163.6 | 142.8 | 130.2 | 120.4 | ▼ 9.8 |
Key figures of MICROTHERM, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to MICROTHERM?
What happened at MICROTHERM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Ombline Hamelryckx stepped down as director. NBB
- Tanguy Vanderborght stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 475,902 (▼ € 2.4 million vs 2024). Source: NBB ↗
- Ombline Hamelryckx became a director. NBB
- Tanguy Vanderborght became a director. NBB
- New establishment in Sint-Niklaas. KBO
- Start of the company according to the CBE. KBO
In short
From € 2.1 million loss in 2022 to € 475,902 loss in 2025.
Paid € 687,499 in corporate taxes since 2022.
Best year ever: 2024, with € 1.9 million profit.
Pays suppliers within 42 days on average.
Management
The shares are held by Etex Building Performance NV (99.9%) and Promat Research And Technology Centre NV (0.1%).
Directors
According to the 2025 annual accounts
Tanguy Vanderborght
Managing director
since 2022 · until 2028
Ombline Hamelryckx
Director
since 2024 · until 2030
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Industriepark-Noord 1
9100 Sint-Niklaas
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
EPISERVER_AS, SE
Domain
Domain
promat.com
Registered
2000-08-09
Registrar
MarkMonitor, Inc.
Expires
2027-08-09
Website info
Features
Security
Details
- Company number
- 0407.566.878
- VAT number
- BE 0407.566.878
- Registered office
- Industriepark-Noord 1, 9100 Sint-Niklaas
- Names & denominations
- MICROTHERM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 October 1970
- Peppol
- Active · Active since 3 Oct 2025
- Contact
- promat.com
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