Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 45 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2023.
Financials
Financial year 2025
THERMOPOL KUNSTSTOFTECHNIEK from Essen, company number BE0435933539, closed financial year 2025 with a result of € 1,377 after tax. For that financial year THERMOPOL KUNSTSTOFTECHNIEK recorded revenue of € 11.8 million and equity of € 696,785. Compared with financial year 2024, the result moved from € 36,153 to € 1,377. The company is profitable. The buffer shrank hard: equity is 63 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on November 25, 2025.
€ 696,785
▼ 63% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1,377
▼ 96% vs 2024
Profit after tax over the fiscal year.
€ 226,534
▲ 166% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1.2 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
33.8
▲ 2.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.4 million
▲ 6% vs 2024
€ 99,900 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.
€ 59,638
▲ 13% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.1 million
▼ 9% vs 2024
€ 61,810 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 2.5 million
▲ 34% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 87 days on average.
€ 322,975
▼ 9% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | € 10,725,146 | € 11,125,922 | € 11,768,913 | ▲ 6% |
| Gross margin | € 2,683,840 | - | - | - | |
| Profit after taxes | € 106,242 | € 106,578 | € 36,153 | € 1,377 | ▼ 96% |
| Equity | € 1,715,676 | € 1,822,255 | € 1,858,408 | € 696,785 | ▼ 63% |
| Total debts | € 3,374,360 | € 4,588,409 | € 6,000,399 | € 5,814,243 | ▼ 3% |
| Cash | € 123,655 | € 129,191 | € 85,080 | € 226,534 | ▲ 166% |
| Land & buildings | € 621,098 | € 583,045 | € 572,859 | € 536,754 | ▼ 6% |
| Retained profit | € 1,301,516 | € 1,435,919 | € 1,499,897 | € 366,099 | ▼ 76% |
| Dividend | € 0 | € 0 | € 0 | € 1,163,000 | |
| Bank debt | € 948,673 | € 1,109,017 | € 1,172,167 | € 1,061,053 | ▼ 9% |
| Balance sheet total | € 5,090,037 | € 6,410,664 | € 7,858,807 | € 6,511,028 | ▼ 17% |
| Employees (FTE) | 28.5 | 29.6 | 31.4 | 33.8 | ▲ 2.4 |
Key figures of THERMOPOL KUNSTSTOFTECHNIEK, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to THERMOPOL KUNSTSTOFTECHNIEK?
What happened at THERMOPOL KUNSTSTOFTECHNIEK in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Plasticon Composites GMBH stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1,377 (▼ 96% vs 2024). Source: NBB ↗
- Tom Vanthienen became a director. NBB
- Plasticon Composites GMBH became a director. NBB
- New establishment in Essen. KBO
- Start of the company according to the CBE. KBO
In short
From € 106,242 profit in 2022 to € 1,377 profit in 2025.
Paid € 168,003 in corporate taxes since 2022.
Best year ever: 2023, with € 106,578 profit.
On average € 94,200 of value added per employee in 2022.
Management
Behind THERMOPOL KUNSTSTOFTECHNIEK is Tom Vanthienen.
Directors
According to the 2025 annual accounts
Tom Vanthienen
Persoon belast met dagelijks bestuur
since 2022
Plasticon Composites GMBH
Director · represented by Thomas RAPPEN
since 2021 · until 2027
Establishments
Establishment units
Physical locations of this company
Rijkmakerlaan 43
2910 Essen
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0435.933.539
- VAT number
- BE 0435.933.539
- Registered office
- Rijkmakerlaan 43, 2910 Essen
- Names & denominations
- THERMOPOL KUNSTSTOFTECHNIEK
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 November 1988
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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