ACTIVE

ALL THERMIC SOLUTIONS

Export PDF

Financial year 2025 · Closed on 31/12/2025

Net result100,5 k €+120,8 %over 1 year

Gross margin388,6 k €+3 449,7 %over 1 year

Equity-27,5 k €-135,0 %over 1 year

Workforce5,0 ETP-9,1 %over 1 year

Identity

Source · BCE/KBO

ALL THERMIC SOLUTIONS is a Public limited company incorporated in 1999. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Liège. It employs on average 5,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0467.107.458
Incorporation: 20/10/1999
Legal form: Public limited company
Registered office: Rue Natalis 2
4020 Liège · WallonieSee on map
Contributed capital: 785 000,00 €
Latest accounts: 31/12/2025
Average workforce: 5,0 ETP

Activities (NACE)

43222Plumbing, heat and air-conditioning installation· main 43222Plumbing, heat and air-conditioning installation 45331Sale of motor vehicle parts and accessories 71121Engineering activities and related technical consultancy 71121Engineering activities and related technical consultancy 74203Photographic activities+3

Joint committees (5)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	388,6 k €	+3450%	-11,6 k €	-104%	282,9 k €	+4.8%	270,1 k €	-20.8%	340,8 k €
EBITDA	30 k €	+108%	-390,1 k €	-117%	-180,1 k €	-744%	28 k €	-80.2%	141,5 k €
Operating result	-60,6 k €	+87.1%	-468 k €	-99.8%	-234,2 k €	-10819%	2,2 k €	-98.3%	130,9 k €
Net result	100,5 k €	+121%	-482,1 k €	-92.3%	-250,7 k €	-65564%	383 €	-99.2%	49,7 k €
Balance sheet
Equity	-27,5 k €	-135%	78,7 k €	-86.0%	560,8 k €	-30.9%	811,5 k €	+66.7%	486,7 k €
Total assets	1,1 M €	+0.1%	1,1 M €	-27.5%	1,5 M €	+7.6%	1,4 M €	+66.4%	840,7 k €
Cash	26,6 k €	+67.6%	15,9 k €	-90.9%	174,6 k €	+108%	84 k €	+250%	24 k €
Debts	1,1 M €	+11.3%	1 M €	+10.3%	909,4 k €	+54.7%	587,7 k €	+66.1%	353,9 k €
Other
Workforce	5,0 ETP	-9.1%	5,5 ETP	-20.3%	6,9 ETP	+76.9%	3,9 ETP	+25.8%	3,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
HORIZON CONSTRUCT0865.493.881Represented by LAURENT MINGUET	Director01/01/2022 → 01/01/2028Managing director01/01/2022 → 2023 accountsended
Invest Minguet Gestion0472.499.470Represented by FLORENT MINGUET	MandateDirector27/02/2015 → 2023 accountsendedManaging director27/02/2015 → 2017 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
LAURENT MINGUET	Managing director02/07/2018 → 2020 accounts
Jean Dumbruch	Managing director03/10/2005 → 2007 accounts

Other companies at this address

Rue Natalis 2 4020 Liège

Company	CBE no.
AMAY IMMO● Active	0758.519.016
ANNET INVEST● Active	0896.180.327
Association de didacticiens en Sciences● Active	0647.657.617
ATHENA HMW● Active	0507.742.837
AYE CONSTRUCT● Active	0774.326.254
AYE IMMO● Active	0772.775.541
BC INVEST● Active	0675.658.151
B.D.L.H.● Active	0879.898.777
CAMPAGNE DES MONTS IMMO● Active	0772.775.343
CENTRE D'AFFAIRES NATALIS● Active	0847.129.803
Centre Médical Athena● Active	0740.546.795
CHEVALIER● Active	0473.940.020
COGESTIM● Active	0506.972.973
DEMINA● Active	0668.438.876
ENERGY2BUSINESS● Bankrupt	0631.747.340
EVO-Sun● Active	0541.474.388
FLERON CONSTRUCT● Active	0669.639.993
FLERON IMMO● Active	0873.726.609
FLY WIN● Active	0542.515.258
GANG OF GEEKS● Active	0642.757.731

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/09/2026	29/08/2025	30/08/2024	31/08/2023	24/08/2022	24/08/2021
General meeting	16/05/2026	17/05/2025	19/05/2024	20/05/2023	21/05/2022	15/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

Looking for more information about this company?

Try for free

Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	16/05/2026	29/09/2026	French	PDF
Abridged model	31/12/2024	17/05/2025	29/08/2025	French	PDF
Abridged model	31/12/2023	19/05/2024	30/08/2024	French	PDF
Abridged model	31/12/2022	20/05/2023	31/08/2023	French	PDF
Abridged model	31/12/2021	21/05/2022	24/08/2022	French	PDF
Abridged model	31/12/2020	15/05/2021	24/08/2021	French	PDF
Abridged model	31/12/2019	16/05/2020	08/10/2020	French	PDF
Abridged model	31/12/2018	18/05/2019	30/08/2019	French	PDF
Abridged model	31/12/2017	10/08/2018	25/09/2018	French	PDF
Abridged model	31/12/2016	30/06/2017	29/08/2017	French	PDF
Abridged model	31/12/2015	30/06/2016	31/08/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	26/09/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	08/08/2014	French	PDF
Abridged model	31/12/2012	18/05/2013	03/08/2013	French	PDF
Abridged model	31/12/2011	19/05/2012	06/08/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	11/08/2011	French	PDF
Abridged model	31/12/2009	30/06/2010	04/08/2010	French	PDF
Abridged model	31/12/2008	08/06/2009	16/07/2009	French	PDF
Abridged model	31/12/2007	17/05/2008	04/10/2008	French	PDF
Abridged model	31/12/2006	28/06/2007	27/08/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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

2 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
HORIZON CONSTRUCT0865.493.881Represented by LAURENT MINGUET	Director01/01/2022 → 01/01/2028Managing director01/01/2022 → 2023 accountsended
Invest Minguet Gestion0472.499.470Represented by FLORENT MINGUET	MandateDirector27/02/2015 → 2023 accountsendedManaging director27/02/2015 → 2017 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
LAURENT MINGUET	Managing director02/07/2018 → 2020 accounts
Jean Dumbruch	Managing director03/10/2005 → 2007 accounts

Ownership and network

Looking for more information about this company?

Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates04/09/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates03/03/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates01/02/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates11/01/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates30/08/2018
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates07/03/2018
DEMISSIONS, NOMINATIONS
PDF
Registered office13/03/2017
Transfert de siège social
PDF
Mandates23/02/2017
Approbation des comptes annuels / Démission - Nomination
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

HORIZON CONSTRUCT

Invest Minguet Gestion

LAURENT MINGUET

Jean Dumbruch

BOLIMA

MISE

R.ORTMANS

19992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027

ATSALL THERMIC SOLUTIONS

Rue Natalis 2, 4020 Liège-4020

DirectorManaging director

Managing director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue Natalis 2, 4020 Liège-4020Current	accounts 2021 → 2025	Accounts 2025 · 2026-00530845

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
ALL THERMIC SOLUTIONSCurrent		CBE
ATS	accounts 2024 → 2025	Accounts 2025 · 2026-00530845
ALL THERMIC SOLUTIONS	accounts 2021 → 2023	Accounts 2023 · 2024-00417502

Events

2025
Annual accounts 2025100,5 k €↑
2024
Annual accounts 2024-482,1 k €↓
2024
Name changeATS
2023
Annual accounts 2023-250,7 k €↓
2022
Annual accounts 2022383 €↓
2021
Annual accounts 202149,7 k €↓
2020
Annual accounts 2020191,3 k €↑
2019
Annual accounts 2019104,5 k €↑
2018
Annual accounts 2018-496,8 k €↓
2017
Annual accounts 2017-32,2 k €↓
2016
Annual accounts 201650,6 k €↓
2015
Annual accounts 2015392 k €↑
2014
Annual accounts 201445,2 k €↑
2013
Annual accounts 2013-19,2 k €↓
2012
Annual accounts 2012105,1 k €↓
2011
Annual accounts 2011118,8 k €↑
2010
Annual accounts 2010-96,1 k €↑
2009
Annual accounts 2009-239,3 k €↓
2008
Annual accounts 2008-154,9 k €↓
2007
Annual accounts 2007-144,4 k €↓
2006
Annual accounts 2006-51 k €
20/10/1999
IncorporationPublic limited company

ALL THERMIC SOLUTIONS

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline

Registered offices

Company names

Events