Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2023 and 2024.
-
Tight liquidity NBB
Cash and receivables cover 27 % of short-term debt in 2024; threshold 65 %.
-
Busy address KBO
58 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
ALL THERMIC SOLUTIONS from Liège, company number BE0467107458, closed financial year 2024 with a result of € -482,087 after tax. For that financial year ALL THERMIC SOLUTIONS recorded revenue of € 711,106 and equity of € 78,719. Compared with financial year 2023, the result moved from € -250,699 to € -482,087. The company made a loss. The buffer shrank hard: equity is 86 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 29, 2025.
€ 78,719
▼ 86% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -482,087
▼ 92 % more loss than in 2023
Profit after tax over the fiscal year.
€ 15,876
▼ 91% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1 million.
People and assets in 2024
5.5
▼ 1.4 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 375,999
▼ 18% vs 2023
€ 68,400 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.
€ 14,472
▼ 45% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 268,472
▲ 38% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 49,324
▲ 14% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | - | - | - | € 711,106 | |
| Gross margin | € 340,800 | € 270,057 | € 282,917 | € -11,600 | ▼ € 294,517 |
| Profit after taxes | € 49,713 | € 383 | € -250,699 | € -482,087 | ▼ € 231,388 |
| Equity | € 486,673 | € 811,506 | € 560,807 | € 78,719 | ▼ 86% |
| Total debts | € 353,983 | € 587,732 | € 944,912 | € 1,012,347 | ▲ 7% |
| Cash | € 23,973 | € 83,979 | € 174,561 | € 15,876 | ▼ 91% |
| Retained profit | € -298,327 | € -297,944 | € -548,643 | € -1,030,731 | ▼ € 482,087 |
| Balance sheet total | € 840,656 | € 1,399,238 | € 1,505,719 | € 1,091,067 | ▼ 28% |
| Employees (FTE) | 3.1 | 3.9 | 6.9 | 5.5 | ▼ 1.4 |
Key figures of ALL THERMIC SOLUTIONS, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to ALL THERMIC SOLUTIONS?
What happened at ALL THERMIC SOLUTIONS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- HORIZON CONSTRUCT SA stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 482,087. filed late Source: NBB ↗
- HORIZON CONSTRUCT SA became a director. NBB
- New establishment in Liège. KBO
- Start of the company according to the CBE. KBO
In short
From € 49,713 profit in 2021 to € 482,087 loss in 2024.
Paid € 77,614 in corporate taxes since 2021.
Best year ever: 2021, with € 49,713 profit.
On average € 41,000 of value added per employee in 2023.
A new publication or filing at ALL THERMIC SOLUTIONS? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of Invest Minguet Gestion comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ALL THERMIC SOLUTIONSThe shares are held by Invest Minguet Gestion (100%). It owns 100% of INFINITY SA itself.
Directors
According to the 2024 annual accounts
Director · represented by LAURENT MINGUET
Also active at: Invest Minguet Gestion, CHARL, Systèmes Photovoltaïques Wallons, MABOTTE, IMMOPLEIADES, DEMINA, NEXT ENERGY, IMMOCHERA +12 more
since 2022 · until 2028
Shareholders
Participations
100%
Establishments
Establishment units
Physical locations of this company
Rue Natalis 2
4020 Liège
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 58 companies are registered at this address.
All companies at this address →Invest Minguet Gestion same network
€ 827,890 revenue · 2024
CHEVALIER
€ -1,619 gross margin · 2025
SYSTÈMES PHOTOVOLTAÏQUES
€ 25,497 gross margin · 2025
Systèmes Photovoltaïques Wallons same network
€ 1.9 million gross margin · 2025
COGESTIM
€ 416,442 gross margin · 2025
+53 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0467.107.458
- VAT number
- BE 0467.107.458
- Registered office
- Rue Natalis 2, 4020 Liège
- Names & denominations
- ALL THERMIC SOLUTIONS · ATS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 October 1999
- Peppol
- Active · Active since 20 Nov 2020
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