What does THERMODUCT do?

THERMODUCT is a heating and ventilation installer in Mortsel. Public Limited, started on 3 December 1990, 1 establishment.

What is the address of THERMODUCT?

The registered office of THERMODUCT is located at Heirbaan 47 box G, 2640 Mortsel.

Is THERMODUCT still active?

Yes. According to the CBE (30 October 2026) THERMODUCT is active, legal situation “Normale toestand”, started on 3 December 1990.

Is THERMODUCT registered on Peppol?

Yes, THERMODUCT is registered on the Peppol network with ID 0208:0442540031.

What is the enterprise number of THERMODUCT?

The enterprise number of THERMODUCT is BE0442540031.

When was THERMODUCT founded?

THERMODUCT was founded on 3 December 1990.

Who are the directors of THERMODUCT?

According to the 2025 annual accounts, the directors of THERMODUCT are: Magnum Heating Group B.V..

Is THERMODUCT a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 3 December 1990; 5 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did THERMODUCT make in 2025?

THERMODUCT recorded a loss after taxes of € 31,059 in financial year 2025.

What is the revenue of THERMODUCT?

As a small company, THERMODUCT is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 1,884,543.

How much does an employee at THERMODUCT earn?

The average wage cost per full-time employee at THERMODUCT was € 74,600 in 2025: staff costs of € 1.8 million for 23.7 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does THERMODUCT have?

According to the 2025 annual accounts, THERMODUCT has 23.7 full-time equivalents (FTE).

THERMODUCT (Public Limited) - Mortsel - BE0442540031

Dossier THERMODUCT, printed on 30 October 2026 from databakkes.be/en/0442540031/thermoduct. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

THERMODUCT from Mortsel, company number BE0442540031, closed financial year 2025 with a result of € -31,059 after tax. For that financial year THERMODUCT recorded a gross margin of € 1.9 million and equity of € 3.3 million. Compared with financial year 2024, the result moved from € 232,587 to € -31,059. 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 25, 2026.

What it is worth Healthy

€ 3.3 million

▼ 1% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -31,059

▼ still € 232,587 profit in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 260,140

▼ 30% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € 3.2 million.

People and assets in 2025

Full-time equivalents

23.7

▲ 2.7 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 1.8 million

▲ 12% vs 2024

€ 74,600 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.

Vehicles and equipment

€ 184,861

▼ 8% vs 2024

Of which on lease € 77,450.

Debts at end 2025

Bank debt ≈ 3 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 65,106

▲ 15% vs 2024

€ 22,506 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.

Owed to suppliers

€ 735,853

▲ 28% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 226,319

▲ 133% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 2,638,663 Gross margin 2022: € 2,638,663 First fiscal year in the series	€ 2,790,058 Gross margin 2023: € 2,790,058 ▲ 6% vs 2022 (€ 2,638,663) Favourable step	€ 2,020,498 Gross margin 2024: € 2,020,498 ▼ 28% vs 2023 (€ 2,790,058) Unfavourable step	€ 1,884,543 Gross margin 2025: € 1,884,543 ▼ 7% vs 2024 (€ 2,020,498) Unfavourable step	▼ 7%
Profit after taxes	€ 830,330 Profit after taxes 2022: € 830,330 First fiscal year in the series	€ 779,003 Profit after taxes 2023: € 779,003 ▼ 6% vs 2022 (€ 830,330) Unfavourable step	€ 232,587 Profit after taxes 2024: € 232,587 ▼ 70% vs 2023 (€ 779,003) Unfavourable step	€ -31,059 Profit after taxes 2025: € -31,059 ▼ € 263,646 vs 2024 (€ 232,587) Unfavourable step	▼ € 263,646
Equity	€ 3,554,824 Equity 2022: € 3,554,824 First fiscal year in the series	€ 4,333,827 Equity 2023: € 4,333,827 ▲ 22% vs 2022 (€ 3,554,824) Favourable step	€ 3,327,414 Equity 2024: € 3,327,414 ▼ 23% vs 2023 (€ 4,333,827) Unfavourable step	€ 3,296,355 Equity 2025: € 3,296,355 ▼ 1% vs 2024 (€ 3,327,414) Unfavourable step	▼ 1%
Total debts	€ 4,045,092 Total debts 2022: € 4,045,092 First fiscal year in the series	€ 853,244 Total debts 2023: € 853,244 ▼ 79% vs 2022 (€ 4,045,092) Favourable step	€ 815,500 Total debts 2024: € 815,500 ▼ 4% vs 2023 (€ 853,244) Favourable step	€ 1,099,287 Total debts 2025: € 1,099,287 ▲ 35% vs 2024 (€ 815,500) Unfavourable step	▲ 35%
Cash	€ 604,874 Cash 2022: € 604,874 First fiscal year in the series	€ 884,277 Cash 2023: € 884,277 ▲ 46% vs 2022 (€ 604,874) Favourable step	€ 372,982 Cash 2024: € 372,982 ▼ 58% vs 2023 (€ 884,277) Unfavourable step	€ 260,140 Cash 2025: € 260,140 ▼ 30% vs 2024 (€ 372,982) Unfavourable step	▼ 30%
Land & buildings	€ 3,500 Land & buildings 2022: € 3,500 First fiscal year in the series	€ 2,800 Land & buildings 2023: € 2,800 ▼ 20% vs 2022 (€ 3,500) Unchanged	€ 2,100 Land & buildings 2024: € 2,100 ▼ 25% vs 2023 (€ 2,800) Unchanged	€ 1,400 Land & buildings 2025: € 1,400 ▼ 33% vs 2024 (€ 2,100) Unchanged	▼ 33%
Retained profit	€ 3,466,799 Retained profit 2022: € 3,466,799 First fiscal year in the series	€ 4,245,802 Retained profit 2023: € 4,245,802 ▲ 22% vs 2022 (€ 3,466,799) Favourable step	€ 3,239,389 Retained profit 2024: € 3,239,389 ▼ 24% vs 2023 (€ 4,245,802) Unfavourable step	€ 3,208,330 Retained profit 2025: € 3,208,330 ▼ 1% vs 2024 (€ 3,239,389) Unfavourable step	▼ 1%
Dividend	€ 2,450,000 Dividend 2022: € 2,450,000 First fiscal year in the series	€ 0 Dividend 2023: € 0 ▼ 100% vs 2022 (€ 2,450,000) Unchanged	€ 1,239,000 Dividend 2024: € 1,239,000 Unchanged (€ 0) Unchanged	€ 0 Dividend 2025: € 0 ▼ 100% vs 2024 (€ 1,239,000) Unchanged	▼ 100%
Bank debt	€ 0 Bank debt 2022: € 0 First fiscal year in the series	€ 74,589 Bank debt 2023: € 74,589 Unchanged (€ 0) Unfavourable step	€ 56,547 Bank debt 2024: € 56,547 ▼ 24% vs 2023 (€ 74,589) Favourable step	€ 65,106 Bank debt 2025: € 65,106 ▲ 15% vs 2024 (€ 56,547) Unfavourable step	▲ 15%
Balance sheet total	€ 7,599,916 Balance sheet total 2022: € 7,599,916 First fiscal year in the series	€ 5,187,071 Balance sheet total 2023: € 5,187,071 ▼ 32% vs 2022 (€ 7,599,916) Unchanged	€ 4,142,914 Balance sheet total 2024: € 4,142,914 ▼ 20% vs 2023 (€ 5,187,071) Unchanged	€ 4,395,642 Balance sheet total 2025: € 4,395,642 ▲ 6% vs 2024 (€ 4,142,914) Unchanged	▲ 6%
Employees (FTE)	21.8 Employees (FTE) 2022: 21.8 First fiscal year in the series	24.5 Employees (FTE) 2023: 24.5 ▲ 2.7 vs 2022 (21.8) Unchanged	21 Employees (FTE) 2024: 21 ▼ 3.5 vs 2023 (24.5) Unchanged	23.7 Employees (FTE) 2025: 23.7 ▲ 2.7 vs 2024 (21) Unchanged	▲ 2.7

Key figures of THERMODUCT, 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 THERMODUCT?

What happened at THERMODUCT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jun 25, 2026 New annual accounts for financial year 2025: loss of € 31,059 (▼ € 263,646 vs 2024). Source: NBB ↗
2020 Magnum Heating Group B.V. became a director. NBB
Jan 8, 1991 New establishment in Mortsel. KBO
Dec 3, 1990 Start of the company according to the CBE. KBO

In short

From € 830,330 profit in 2022 to € 31,059 loss in 2025.

Paid € 664,413 in corporate taxes since 2022.

Best year ever: 2022, with € 830,330 profit.

On average € 79,500 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

Magnum Heating Group 100%

THERMODUCT

Behind THERMODUCT is Magnum Heating Group B.V.. The shares are held by Magnum Heating Group (100%).

Directors

According to the 2025 annual accounts

Magnum Heating Group B.V.

Director · represented by Van Haaren Alexander

since 2020

Shareholders

Magnum Heating Group

100%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Heirbaan 47 box G

2640 Mortsel

2.053.024.497

Heirbaan 47G

2640 Mortsel

Active since 8 January 1991

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.

All companies at this address →

DEKNOCK & AERTS

€ 136,301 gross margin · 2025

ADRIAENSENS

€ 1.6 million gross margin · 2025

Adriaensens btw-eenheid

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0442.540.031

VAT number

BE 0442.540.031

Registered office

Heirbaan 47 bus G, 2640 Mortsel

Names & denominations

THERMODUCT

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

3 December 1990

Peppol

Active · Active since 4 Jan 2026

Activities · NACE

Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit

Installatie van verwarming, klimaatregeling en ventilatie

View on CBE Public ↗ Annual accounts (NBB) ↗

THERMODUCT

Financials

What happened to THERMODUCT?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions