Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
Financials
Financial year 2025
Thermo Electric Company from Westerlo, company number BE0808849940, closed financial year 2025 with a result of € 43,553 after tax. For that financial year Thermo Electric Company recorded a gross margin of € 135,464 and equity of € -48,188. Compared with financial year 2024, the result moved from € 48,990 to € 43,553. The company is profitable. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ -48,188
▲ € 43,553 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 43,553
▼ 11% vs 2024
Profit after tax over the fiscal year.
€ 17,245
▼ 40% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -54,388.
People and assets in 2025
1
Average over the fiscal year, from the social balance sheet.
€ 86,258
▲ 6% vs 2024
€ 86,300 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 436,109
▲ 35% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 10,547
▲ 1% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 55,132 | € 137,730 | € 134,865 | € 135,464 | |
| Profit after taxes | € -17,000 | € 50,385 | € 48,990 | € 43,553 | ▼ 11% |
| Equity | € -191,116 | € -140,731 | € -91,741 | € -48,188 | ▲ € 43,553 |
| Total debts | € 380,439 | € 472,451 | € 340,058 | € 517,853 | ▲ 52% |
| Cash | € 46,196 | € 33,299 | € 28,664 | € 17,245 | ▼ 40% |
| Retained profit | € -197,316 | € -146,931 | € -97,941 | € -54,388 | ▲ € 43,553 |
| Balance sheet total | € 189,323 | € 331,720 | € 248,317 | € 469,665 | ▲ 89% |
| Employees (FTE) | 1 | 1 | 1 | 1 |
Key figures of Thermo Electric Company, 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 Thermo Electric Company?
What happened at Thermo Electric Company in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 43,553 (▼ 11% vs 2024). filed late Source: NBB ↗
- New establishment in Westerlo. KBO
- Start of the company according to the CBE. KBO
In short
From € 17,000 loss in 2022 to € 43,553 profit in 2025.
Paid € 1,097 in corporate taxes since 2022.
Best year ever: 2023, with € 50,385 profit.
On average € 135,500 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 Thermo Electric Company are Davy Loos and Thermo Electric Company Ltd BO.
Directors
According to the 2025 annual accounts
Davy Loos
Director
Thermo Electric Company Ltd BO
Director · represented by Pierre-Emmanuel Lucq
Establishments
Establishment units
Physical locations of this company
Lange Nieuwstraat 34
2260 Westerlo
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
- 0808.849.940
- VAT number
- BE 0808.849.940
- Registered office
- Lange Nieuwstraat 34, 2260 Westerlo
- Names & denominations
- Thermo Electric Company
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 January 2009
- Peppol
- Active · Active since 4 Mar 2026
- Activities · NACE
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