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 35 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
THERMAE from Kampenhout, company number BE0444290781, closed financial year 2025 with a result of € -9,887 after tax. For that financial year THERMAE recorded a gross margin of € 752,022 and equity of € 6.8 million. Compared with financial year 2024, the result moved from € 50,697 to € -9,887. 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 18, 2026.
€ 6.8 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -9,887
▼ still € 50,697 profit in 2024
Profit after tax over the fiscal year.
€ 317,248
▼ 24% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 6.7 million.
People and assets in 2025
€ 167,261
▲ 7% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 194,721
▼ 8% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 111,838
Supplier invoices still open on the last day of the fiscal year.
€ 19,852
▼ 44% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,327,058 | € 864,636 | € 779,556 | € 752,022 | ▼ 4% |
| Profit after taxes | € 798,723 | € 172,612 | € 50,697 | € -9,887 | ▼ € 60,584 |
| Equity | € 6,611,684 | € 6,784,296 | € 6,834,993 | € 6,825,106 | |
| Total debts | € 6,331,435 | € 7,438,181 | € 6,498,569 | € 6,015,025 | ▼ 7% |
| Cash | € 98,647 | € 435,002 | € 417,615 | € 317,248 | ▼ 24% |
| Land & buildings | € 9,974,844 | € 9,649,868 | € 9,324,892 | € 8,999,916 | ▼ 3% |
| Retained profit | € 6,465,924 | € 6,638,483 | € 6,689,180 | € 6,679,293 | |
| Bank debt | € 65,471 | € 9,532 | € 0 | € 0 | |
| Balance sheet total | € 12,943,119 | € 14,222,477 | € 13,333,562 | € 12,840,131 | ▼ 4% |
Key figures of THERMAE, 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 THERMAE?
What happened at THERMAE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 9,887 (▼ € 60,584 vs 2024). Source: NBB ↗
- Tom Leys became a director. NBB
- Ludo Leys became a director. NBB
- New establishment in Kampenhout. KBO
- Start of the company according to the CBE. KBO
In short
From € 798,723 profit in 2022 to € 9,887 loss in 2025.
Paid € 21,056 in corporate taxes since 2022.
Best year ever: 2022, with € 798,723 profit.
Management
Behind THERMAE are Ludo Leys and Tom Leys. The same people are also behind E.E.G. SLACHTHUIS, NOBLE KITCHEN, COCOON and VITALIA. Ludo Leys is also behind LEYS and VOSSEVELDEN.
Directors
According to the 2025 annual accounts
Ludo Leys
Managing director
Also active at: E.E.G. SLACHTHUIS, LEYS, VOSSEVELDEN, NOBLE KITCHEN, COCOON, VITALIA
since 2016
since 2020
Establishments
Establishment units
Physical locations of this company
Leuvensesteenweg 118
1910 Kampenhout
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0444.290.781
- VAT number
- BE 0444.290.781
- Registered office
- Leuvensesteenweg 118, 1910 Kampenhout
- Names & denominations
- THERMAE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 May 1991
- Peppol
- Active · Active since 4 Apr 2025
- Contact
- [email protected] 016 84 77 67
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