ACTIVE

DELTA THERMIC

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Financial year 2025 · Closed on 31/12/2025

Net result1,3 M €+323,5 %over 1 year

Revenue23,8 M €

Equity2,9 M €+37,4 %over 1 year

Workforce94,7 ETP+0,3 %over 1 year

Identity

Source · BCE/KBO

DELTA THERMIC is a Public limited company incorporated in 2019. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Herstal. It employs on average 94,7 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0718.718.629
Incorporation: 15/01/2019
Legal form: Public limited company
Registered office: Rue d'Abhooz 23
4040 Herstal · WallonieSee on map
Contributed capital: 2 000 000,00 €
Latest accounts: 31/12/2025
Average workforce: 94,7 ETP

Activities (NACE)

43222Plumbing, heat and air-conditioning installation· main 43222Plumbing, heat and air-conditioning installation 33110Repair of fabricated metal products 33110Repair of fabricated metal products 43221Plumbing, heat and air-conditioning installation 43221Plumbing, heat and air-conditioning installation

Joint committees (2)

Signals

ProfitableLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 6 filings

Trend over 6 financial years

	2025		2024		2023		2021		2020
Income statement
Revenue	23,8 M €		–		–		–		–
EBITDA	2,3 M €	+913%	230,8 k €	-91.5%	2,7 M €	+232121%	-1,2 k €	-179%	-420 €
Operating result	1,9 M €	+874%	-242,3 k €	-110%	2,5 M €	+102988%	-2,4 k €	-44.5%	-1,7 k €
Net result	1,3 M €	+323%	-574,6 k €	-135%	1,7 M €	+20730%	8 k €	+23.9%	6,4 k €
Balance sheet
Equity	2,9 M €	+37.4%	2,1 M €	-21.5%	2,7 M €	+32.6%	2 M €	+100%	1 M €
Total assets	13,4 M €	+5.2%	12,7 M €	-13.8%	14,7 M €	+335%	3,4 M €	+236%	1 M €
Cash	1,2 M €	+239%	349 k €	-52.8%	739,9 k €	+67.7%	441,2 k €	-55.6%	992,7 k €
Debts	10,5 M €	-1.3%	10,6 M €	-12.0%	12 M €	+776%	1,4 M €	+77787%	1,8 k €
Other
Workforce	94,7 ETP	+0.3%	94,4 ETP	+7.4%	87,9 ETP		–		–

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
DELTA REFRIGERATION0478.086.967Represented by Philippe DOUIN	Managing director14/02/2024 → 21/06/2029
Jonas DOUIN	Director15/12/2023 → 21/06/2029
LXB MANAGEMENT0847.216.212Represented by Benoit LEVAUX	Director15/01/2019 → 21/06/2029
NOSHAQ0426.624.509Represented by Christine GERARDY	Director15/01/2019 → 21/06/2029

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Philippe Douin	Managing director15/01/2019 → 2023 accounts
Xavier BACQUELAINE	Director15/01/2019 → 2023 accounts

Other companies at this address

Rue d'Abhooz 23 4040 Herstal

Company	CBE no.
BIOM● Active	0894.997.620
DELTA GROUP● Active	0885.817.262
DELTA MAINTENANCE● Active	0471.022.201
DELTA REFRIGERATION● Active	0478.086.967
DELTA THERMIC - VERTON FRERES● Active	0553.875.641
DTBE-DTO● Active	1010.616.472
DTO● Active	0452.126.797
PHDJ● Active	0431.035.138
SM DELTA THERMIC-VMA● Active	0799.409.365

Full financial information

Source · NBB

	2025	2024	2023	2021	2020	2019
Type of account	Full model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/07/2023	01/01/2022	01/01/2021	01/01/2020	15/01/2019
Closing of the financial year	31/12/2025	31/12/2024	30/06/2023	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	18 months	18 months	12 months	12 months	12 months
Filing date	13/07/2026	08/07/2025	12/01/2024	27/07/2022	20/07/2021	14/09/2020
General meeting	17/06/2026	25/06/2025	15/12/2023	29/06/2022	23/06/2021	08/07/2020
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

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Annual accounts filings

Source · NBB, 6 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	17/06/2026	13/07/2026	French	PDF
Abridged model	31/12/2024	25/06/2025	08/07/2025	French	PDF
Abridged model	30/06/2023	15/12/2023	12/01/2024	French	PDF
Abridged model	31/12/2021	29/06/2022	27/07/2022	French	PDF
Abridged model	31/12/2020	23/06/2021	20/07/2021	French	PDF
Abridged model	31/12/2019	08/07/2020	14/09/2020	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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

4 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
DELTA REFRIGERATION0478.086.967Represented by Philippe DOUIN	Managing director14/02/2024 → 21/06/2029
Jonas DOUIN	Director15/12/2023 → 21/06/2029
LXB MANAGEMENT0847.216.212Represented by Benoit LEVAUX	Director15/01/2019 → 21/06/2029
NOSHAQ0426.624.509Represented by Christine GERARDY	Director15/01/2019 → 21/06/2029

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Philippe Douin	Managing director15/01/2019 → 2023 accounts
Xavier BACQUELAINE	Director15/01/2019 → 2023 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Other10/07/2024
ASSEMBLEE GENERALE - ANNEE COMPTABLE
PDF
Mandates20/03/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates07/08/2023
DEMISSIONS, NOMINATIONS
PDF
Capital / shares15/06/2023
CAPITAL, ACTIONS
PDF
Other20/12/2022
DIVERS - ASSEMBLEE GENERALE - ANNEE COMPTABLE
PDF
Mandates07/02/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DENOMINATION
PDF
Other17/01/2019
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
PDF

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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

Filings6 filings

Mandates

DELTA REFRIGERATION

Jonas DOUIN

NOSHAQ

LXB MANAGEMENT

Xavier BACQUELAINE

Philippe Douin

20192020202120222023202420252026202720282029

DELTA THERMICDELTA HVAC

Rue d'Abhooz 23, 4040 Herstal

Managing director

Director

Managing director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue d'Abhooz 23, 4040 HerstalCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00315201

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
DELTA THERMICCurrent	accounts 2023 → 2025	Accounts 2025 · 2026-00315201
DELTA HVAC	accounts 2019 → 2021	Accounts 2021 · 2022-20230396

Events

2025
Annual accounts 20251,3 M €↑
2024
Annual accounts 2024-574,6 k €↓
2023
Annual accounts 20231,7 M €↑
2023
Name changeDELTA THERMIC
2021
Annual accounts 20218 k €↑
2020
Annual accounts 20206,4 k €↑
2019
Annual accounts 2019-1,6 k €
15/01/2019
IncorporationPublic limited company

DELTA THERMIC

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