ACTIVE

Thermo Electric Company

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Financial year 2025 · Closed on 31/12/2025

Net result43,6 k €-11,1 %over 1 year
Gross margin135,5 k €+0,4 %over 1 year
Equity-48,2 k €+47,5 %over 1 year
Workforce1,0 ETP0,0 %over 1 year

Identity

Source · BCE/KBO

Thermo Electric Company is a Private limited company incorporated in 2009. Its main activity is: Wholesale of machinery for the textile industry and of sewing and knitting machines. Its registered office is in Westerlo. It employs on average 1,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0808.849.940
Incorporation
06/01/2009
Legal form
Private limited company
Registered office
Lange Nieuwstraat 34
2260 Westerlo · FlandreSee on map
Contributed capital
6 200,00 €
Latest accounts
31/12/2025
Average workforce
1,0 ETP
Joint committees (1)
  • 200
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 17 filings

Trend over 17 financial years

20252024202320222021
Income statement
Gross margin135,5 k €134,9 k €137,7 k €55,1 k €105 k €
EBITDA48,2 k €52,6 k €57,7 k €-15,6 k €40,1 k €
Operating result48,1 k €49,7 k €57,7 k €-15,6 k €40,1 k €
Net result43,6 k €49 k €50,4 k €-17 k €39,7 k €
Balance sheet
Equity-48,2 k €-91,7 k €-140,7 k €-191,1 k €-174,1 k €
Total assets469,7 k €248,3 k €331,7 k €189,3 k €175,4 k €
Cash17,2 k €28,7 k €33,3 k €46,2 k €38,6 k €
Debts517,9 k €339,7 k €470,9 k €376 k €347,1 k €
Other
Workforce1,0 ETP1,0 ETP1,0 ETP1,0 ETP1,0 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 · 7 ended

Active mandates

Davy Loos

Director

Active
Thermo Electric Company Ltd BO

Director

Represented by Pierre-Emmanuel Lucq

Active

Ended mandates

Davy Loos

Director · since 03 mai 2024

Ended
Thermo Electric Company Ltd

Director

Represented by Jerôme Linel

Ended
Thermo Electric Company Ltd

Manager

Represented by Jerôme Linel

Ended
THERMO ELECTRIC COMPANY LTD

Manager

Represented by RICHARD RODELLI

Ended

Other companies at this address

Lange Nieuwstraat 34 2260 Westerlo
CompanyCBE no.
COHERENTAS● Active
0805.984.381
Construct 34● Active
0848.110.887

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
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 months12 months
Filing date31/08/202630/09/202504/10/202428/09/202331/08/202202/11/2021
General meeting26/08/202625/09/202527/09/202428/08/202323/08/202208/10/2021
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, 17 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202526/08/202631/08/2026DutchPDF
Abridged model31/12/202425/09/202530/09/2025DutchPDF
Abridged model31/12/202327/09/202404/10/2024DutchPDF
Abridged model31/12/202228/08/202328/09/2023DutchPDF
Abridged model31/12/202123/08/202231/08/2022DutchPDF
Abridged model31/12/202008/10/202102/11/2021DutchPDF
Abridged model31/12/201912/11/202002/12/2020DutchPDF
Micro model31/12/201823/08/201909/09/2019DutchPDF
Micro model31/12/201728/08/201819/09/2018DutchPDF
Abridged model31/12/201625/08/201718/09/2017DutchPDF
Abridged model31/12/201528/09/201630/09/2016DutchPDF
Abridged model31/12/201431/07/201528/08/2015DutchPDF
Abridged model31/12/201301/08/201421/08/2014DutchPDF
Abridged model31/12/201217/10/201331/10/2013DutchPDF
Abridged model31/12/201131/08/201211/09/2012DutchPDF
Abridged model31/12/201030/08/201131/08/2011DutchPDF
Abridged model31/12/200922/09/201018/10/2010DutchPDF

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 · 7 ended

Active mandates

Davy Loos

Director

Active
Thermo Electric Company Ltd BO

Director

Represented by Pierre-Emmanuel Lucq

Active

Ended mandates

Davy Loos

Director · since 03 mai 2024

Ended
Thermo Electric Company Ltd

Director

Represented by Jerôme Linel

Ended
Thermo Electric Company Ltd

Manager

Represented by Jerôme Linel

Ended
THERMO ELECTRIC COMPANY LTD

Manager

Represented by RICHARD RODELLI

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates23/05/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates25/01/2024
    WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/11/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office14/06/2019
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates29/12/2016
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other14/01/2009
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 202543,6 k €↓
  2. 2024
    Annual accounts 202449 k €↓
  3. 2023
    Annual accounts 202350,4 k €↑
  4. 2022
    Annual accounts 2022-17 k €↓
  5. 2021
    Annual accounts 202139,7 k €↑
  6. 2020
    Annual accounts 2020-12,5 k €↑
  7. 2019
    Annual accounts 2019-36,6 k €↑
  8. 2018
    Annual accounts 2018-68,7 k €↓
  9. 2017
    Annual accounts 2017-18,2 k €↓
  10. 2016
    Annual accounts 201683,5 k €↑
  11. 2015
    Annual accounts 2015-127,6 k €↓
  12. 2014
    Annual accounts 201452,7 k €↑
  13. 2013
    Annual accounts 2013-57,8 k €↓
  14. 2012
    Annual accounts 2012-48,7 k €↓
  15. 2011
    Annual accounts 201125,7 k €↑
  16. 2010
    Annual accounts 2010-415,3 €↑
  17. 2009
    Annual accounts 2009-11,4 k €
  18. 06/01/2009
    IncorporationPrivate limited company