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 2024 and 2025.
Financials
Financial year 2025
THERMOVAULT from Genk, company number BE0678687125, closed financial year 2025 with a result of € -1.1 million after tax. For that financial year THERMOVAULT recorded a gross margin of € 42,755 and equity of € 1.1 million. Compared with financial year 2024, the result moved from € -1 million to € -1.1 million. The company made a loss. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 29, 2026.
€ 1.1 million
▲ € 921,382 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.1 million
▼ 4 % more loss than in 2024
Profit after tax over the fiscal year.
€ 943,360
▲ 147% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -5.2 million.
People and assets in 2025
9.5
▼ 1.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.1 million
▼ 4% vs 2024
€ 113,500 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.
€ 5,342
▼ 31% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 500,000
Loans from banks and other lenders, long and short.
€ 189,109
▲ 6% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 107,449
▼ 44% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -422,344 | € -202,098 | € 169,707 | € 42,755 | ▼ 75% |
| Profit after taxes | € -1,058,465 | € -1,119,779 | € -1,034,652 | € -1,078,618 | ▼ € 43,966 |
| Equity | € 1,272,522 | € 152,742 | € 133,072 | € 1,054,454 | ▲ € 921,382 |
| Total debts | € 928,087 | € 1,117,555 | € 872,104 | € 818,249 | ▼ 6% |
| Cash | € 1,865,435 | € 1,012,889 | € 382,220 | € 943,360 | ▲ 147% |
| Retained profit | € -1,996,078 | € -3,115,858 | € -4,150,509 | € -5,229,127 | ▼ € 1.1 million |
| Bank debt | € 500,000 | € 500,000 | € 500,000 | € 500,000 | |
| Balance sheet total | € 2,200,609 | € 1,270,297 | € 1,005,176 | € 1,872,702 | ▲ 86% |
| Employees (FTE) | 7.4 | 10.2 | 10.9 | 9.5 | ▼ 1.4 |
Key figures of THERMOVAULT, 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 THERMOVAULT?
What happened at THERMOVAULT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1.1 million. Source: NBB ↗
- Carlo Germano Ravina became a director. NBB
- Laurion BV became a director. NBB
- Energyzer BV became a director. NBB
- Giorgio Scaloni became a director. NBB
- Simone Sarachine became a director. NBB
- New establishment in Leuven. KBO
- New establishment in Genk. KBO
In short
From € 1.1 million loss in 2022 to € 1.1 million loss in 2025.
Paid € 8,926 in corporate taxes since 2022.
On average € 4,500 of value added per employee in 2025.
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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
Behind THERMOVAULT are Carlo Germano Ravina, Laurion BV, Energyzer BV, Giorgio Scaloni and Simone Sarachine.
Directors
According to the 2025 annual accounts
Carlo Germano Ravina
Director
since 2020
Director · represented by Lenaerts Rudi
since 2020
Managing director · represented by Iacovella Sandro
since 2020
Giorgio Scaloni
Director
since 2020
Simone Sarachine
Director
since 2020
Establishments
Establishment units
Physical locations of this company
Hoefstadstraat 86
3600 Genk
Diestsevest 32 box 3A
3000 Leuven
Active since 1 July 2019
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0678.687.125
- VAT number
- BE 0678.687.125
- Registered office
- Hoefstadstraat 86, 3600 Genk
- Names & denominations
- THERMOVAULT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 July 2017
- Peppol
- Active · Active since 7 Apr 2026
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