ACTIVE

THERMODUCT

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Financial year 2025 · Closed on 31/12/2025

Net result-31,1 k €-113,4 %over 1 year
Gross margin1,9 M €-6,7 %over 1 year
Equity3,3 M €-0,9 %over 1 year
Workforce23,7 ETP+12,9 %over 1 year

Identity

Source · BCE/KBO

THERMODUCT is a Public limited company incorporated in 1990. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Mortsel. It employs on average 23,7 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0442.540.031
Incorporation
03/12/1990
Legal form
Public limited company
Registered office
Heirbaan 47 box G
2640 Mortsel · FlandreSee on map
Contributed capital
88 025,00 €
Latest accounts
31/12/2025
Average workforce
23,7 ETP
Joint committees (4)
  • 111
  • 12400
  • 20000
  • 209
Signals
Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

20252024202320222021
Income statement
Gross margin1,9 M €2 M €2,8 M €2,6 M €2,5 M €
EBITDA96 k €428,7 k €1,1 M €1,1 M €1,7 M €
Operating result-22,7 k €328,5 k €1,1 M €1,1 M €1,6 M €
Net result-31,1 k €232,6 k €779 k €830,3 k €1,2 M €
Balance sheet
Equity3,3 M €3,3 M €4,3 M €3,6 M €4,9 M €
Total assets4,4 M €4,1 M €5,2 M €7,6 M €6,3 M €
Cash260,1 k €373 k €884,3 k €604,9 k €977,5 k €
Debts1,1 M €795,2 k €831,4 k €4 M €1,4 M €
Other
Workforce23,7 ETP21,0 ETP24,5 ETP21,8 ETP13,5 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 10 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Magnum Heating Group B.V.Represented by Van Haaren Alexander
Directorsince 01/09/2020

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Moore Audit0453.925.059Represented by Stijn Van Hout
Commissarislisted until the 2021 accounts
Magnum Heating Group0753.703.262Represented by Van HAAREN ALEXANDER
Director01/09/2020 → 2024 accounts
Magnum Heating GroupRepresented by Alexander Van Haaren
Director01/09/2020 → 2022 accounts

Other companies at this address

Heirbaan 47 2640 Mortsel
CompanyCBE no.
ADRIAENSENS● Active
0473.216.874
Adriaensens btw-eenheid● Active
1003.194.388
DEKNOCK & AERTS● Active
0461.366.345

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/07/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months6 months
Filing date25/06/202601/07/202527/06/202417/07/202310/06/202231/08/2021
General meeting24/06/202611/06/202527/06/202423/06/202316/05/202216/03/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202524/06/202625/06/2026DutchPDF
Abridged model31/12/202411/06/202501/07/2025DutchPDF
Abridged model31/12/202327/06/202427/06/2024DutchPDF
Abridged model31/12/202223/06/202317/07/2023DutchPDF
Abridged model31/12/202116/05/202210/06/2022DutchPDF
Abridged model31/12/202016/03/202131/08/2021DutchPDF
Abridged model30/06/202025/08/202030/09/2020DutchPDF
Abridged model30/06/201917/09/201924/11/2019DutchPDF
Abridged model30/06/201818/09/201810/01/2019DutchPDF
Abridged model30/06/201719/09/201730/10/2017DutchPDF
Abridged model30/06/201620/09/201617/02/2017DutchPDF
Abridged model30/06/201515/09/201530/11/2015DutchPDF
Abridged model30/06/201416/09/201427/01/2015DutchPDF
Abridged model30/06/201317/09/201302/12/2013DutchPDF
Abridged model30/06/201218/09/201228/11/2012DutchPDF
Abridged model30/06/201120/09/201103/07/2012DutchPDF
Abridged model30/06/201021/12/201031/12/2010DutchPDF
Abridged model31/12/200830/04/200907/10/2009DutchPDF
Abridged model31/12/200730/04/200828/08/2008DutchPDF
Abridged model31/12/200630/04/200728/09/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 10 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Magnum Heating Group B.V.Represented by Van Haaren Alexander
Directorsince 01/09/2020

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Moore Audit0453.925.059Represented by Stijn Van Hout
Commissarislisted until the 2021 accounts
Magnum Heating Group0753.703.262Represented by Van HAAREN ALEXANDER
Director01/09/2020 → 2024 accounts
Magnum Heating GroupRepresented by Alexander Van Haaren
Director01/09/2020 → 2022 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates28/09/2026
    ONTSLAGEN, BENOEMINGEN
    PDF
  • Mandates12/01/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates10/10/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring27/05/2022
    KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring01/04/2022
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
    PDF
  • Other31/12/2020
    ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Mandates01/10/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates30/09/2020
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation
Name
Registered office
Annual accounts
Filings20 filings
Mandates
Magnum Heating Group B.V.
Moore Audit
Magnum Heating Group
Magnum Heating Group
Magnum Heating Group BV BV
PROJIMMO
Patricia Bosmans
Tom Driesen
Manu Nys
ALTA RIPA EVENT
Manuel Nys
1990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026
THERMODUCT
Heirbaan 47 bte G, 2640 Mortsel
Director
Director
Director
Managing director
Director
Director
Director
Managing director
Director
Managing director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Heirbaan 47 bte G, 2640 MortselCurrent
accounts 2021 → 2025
Accounts 2025 · 2026-00218030

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
THERMODUCTCurrent
accounts 2006 → 2025
Accounts 2025 · 2026-00218030

Events

  1. 2025
    Annual accounts 2025-31,1 k €↓
  2. 2024
    Annual accounts 2024232,6 k €↓
  3. 2023
    Annual accounts 2023779 k €↓
  4. 2022
    Annual accounts 2022830,3 k €↓
  5. 2021
    Annual accounts 20211,2 M €↑
  6. 2020
    Annual accounts 2020542,4 k €↓
  7. 2020
    Annual accounts 20201,1 M €↑
  8. 2019
    Annual accounts 2019712 k €↓
  9. 2018
    Annual accounts 2018776 k €↑
  10. 2017
    Annual accounts 2017679,5 k €↑
  11. 2016
    Annual accounts 2016469,8 k €↑
  12. 2015
    Annual accounts 2015337,4 k €↓
  13. 2014
    Annual accounts 2014553,3 k €↑
  14. 2013
    Annual accounts 2013441,9 k €↓
  15. 2012
    Annual accounts 2012808,2 k €↑
  16. 2011
    Annual accounts 2011533,3 k €↑
  17. 2010
    Annual accounts 2010454,3 k €↑
  18. 2008
    Annual accounts 2008354,1 k €↑
  19. 2007
    Annual accounts 200798,2 k €↑
  20. 2006
    Annual accounts 200681,4 k €
  21. 03/12/1990
    IncorporationPublic limited company