ACTIVE

THERMALPLUG

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Financial year 2025 · closed on 31/12/2025

Net result

-65,0 €

-101.3% YoY

Gross margin

282,0 €

-95.5% YoY

Equity

1,5 k €

-4.2% YoY

What does THERMALPLUG do?

THERMALPLUG is a Private limited company incorporated in 2012. Its main activity is: Wholesale of machinery for the textile industry and of sewing and knitting machines. Its registered office is in Zaventem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0846.098.039

Incorporation

23/05/2012

Legal form

Private limited company

Registered office

Hermesstraat 2 box C
1930 Zaventem · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

46649Wholesale of machinery for the textile industry and of sewing and knitting machines· main 46699Wholesale of other machinery and equipment

Signals

Positive EBITDA

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013
Income statement
Gross margin	282,0 €	-95.5%	6,3 k €	+3181%	193,0 €	+439%	-57,0 €	+95.4%	-1,2 k €	-116%	7,8 k €	+327%	1,8 k €	-53.2%	3,9 k €	+779%	-573,0 €	+49.6%	-1,1 k €	+6.8%	-1,2 k €	+66.8%	-3,7 k €	+59.4%	-9,1 k €
EBITDA	229,0 €	-95.9%	5,6 k €	+2801%	193,0 €	+439%	-57,0 €	+98.2%	-3,2 k €	-143%	7,4 k €	+308%	1,8 k €	-53.2%	3,9 k €	+523%	-920,0 €	+40.1%	-1,5 k €	-25.8%	-1,2 k €	+85.3%	-8,3 k €	+15.1%	-9,8 k €
Operating result	229,0 €	-95.9%	5,6 k €	+2801%	193,0 €	+439%	-57,0 €	+98.2%	-3,2 k €	-143%	7,4 k €	+308%	1,8 k €	-53.2%	3,9 k €	+523%	-920,0 €	+40.1%	-1,5 k €	+79.7%	-7,6 k €	+17.2%	-9,1 k €	+23.3%	-11,9 k €
Net result	-65,0 €	-101%	4,9 k €	+9351%	-53,0 €	+74.8%	-210,0 €	+93.7%	-3,3 k €	-146%	7,3 k €	+307%	1,8 k €	-54.0%	3,9 k €	+523%	-920,0 €	+43.6%	-1,6 k €	+78.4%	-7,6 k €	+17.6%	-9,2 k €	+23.7%	-12,0 k €
Balance sheet
Equity	1,5 k €	-4.2%	1,6 k €	+147%	-3,3 k €	-1.6%	-3,3 k €	-6.8%	-3,1 k €	-1358%	245,0 €	+103%	-7,0 k €	+20.3%	-8,8 k €	+30.6%	-12,7 k €	-7.8%	-11,8 k €	-16.0%	-10,2 k €	-290%	-2,6 k €	-140%	6,6 k €
Total assets	33,2 k €	-4.6%	34,7 k €	+10.0%	31,6 k €	-12.5%	36,1 k €	-3.9%	37,5 k €	+26.8%	29,6 k €	+23.9%	23,9 k €	+31.1%	18,2 k €	+185%	6,4 k €	+177%	2,3 k €	-55.9%	5,2 k €	-17.4%	6,3 k €	-50.0%	12,7 k €
Cash	17,6 k €	+319%	4,2 k €	-7.0%	4,5 k €	-52.8%	9,6 k €	-18.4%	11,7 k €	+36.9%	8,6 k €	+361%	1,9 k €	+84.8%	1,0 k €	+513%	164,0 €	+1722%	9,0 €	-99.8%	5,0 k €	+58009%	8,6 €	-51.4%	17,7 €
Debts	31,7 k €	-4.6%	33,2 k €	-5.0%	34,9 k €	-11.3%	39,4 k €	-3.1%	40,6 k €	+38.3%	29,4 k €	-5.1%	30,9 k €	+14.3%	27,1 k €	+41.5%	19,1 k €	+35.4%	14,1 k €	-8.5%	15,4 k €	+72.1%	9,0 k €	+46.4%	6,1 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

BRICE BUHLMANN

Mandate

Active

Ended mandates

Pierre Huberty

Manager · since 20 août 2014

Ended

Sandrine Heerebout

Manager · since 30 avril 2012 · until 20 août 2014

Ended

Sandrine Heerebout

Manager · since 30 avril 2012

Ended

At this address

Other companies at this address

Company	CBE no.
Buhlmann● Active	0401.871.493
Imo● Active	0406.503.046
STB● Active	0861.845.097

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro 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	11/06/2026	19/06/2025	04/07/2024	27/06/2023	24/06/2022	23/06/2021
General meeting	29/05/2026	06/06/2025	19/06/2024	23/06/2023	16/06/2022	27/05/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

13 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	29/05/2026	11/06/2026	Dutch	PDF
Micro model	31/12/2024	06/06/2025	19/06/2025	Dutch	PDF
Micro model	31/12/2023	19/06/2024	04/07/2024	Dutch	PDF
Micro model	31/12/2022	23/06/2023	27/06/2023	Dutch	PDF
Micro model	31/12/2021	16/06/2022	24/06/2022	Dutch	PDF
Abridged model	31/12/2020	27/05/2021	23/06/2021	Dutch	PDF
Abridged model	31/12/2019	27/05/2020	19/08/2020	Dutch	PDF
Abridged model	31/12/2018	21/06/2019	14/08/2019	Dutch	PDF
Abridged model	31/12/2017	05/07/2018	26/07/2018	Dutch	PDF
Abridged model	31/12/2016	27/06/2017	24/07/2017	Dutch	PDF
Abridged model	31/12/2015	01/07/2016	18/01/2017	Dutch	PDF
Abridged model	31/12/2014	11/05/2015	01/07/2015	French	PDF
Abridged model	31/12/2013	09/06/2014	31/08/2014	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

BRICE BUHLMANN

Mandate

Active

Ended mandates

Pierre Huberty

Manager · since 20 août 2014

Ended

Sandrine Heerebout

Manager · since 30 avril 2012 · until 20 août 2014

Ended

Sandrine Heerebout

Manager · since 30 avril 2012

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/07/2026
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares22/12/2021
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Registered office12/11/2015
BENAMING - MAATSCHAPPELIJKE ZETEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates22/10/2014
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Other04/06/2012
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 2025-65,0 €↓
2024
Annual accounts 20244,9 k €↑
2023
Annual accounts 2023-53,0 €↑
2022
Annual accounts 2022-210,0 €↑
2021
Annual accounts 2021-3,3 k €↓
2020
Annual accounts 20207,3 k €↑
2019
Annual accounts 20191,8 k €↓
2018
Annual accounts 20183,9 k €↑
2017
Annual accounts 2017-920,0 €↑
2016
Annual accounts 2016-1,6 k €↑
2015
Annual accounts 2015-7,6 k €↑
2014
Annual accounts 2014-9,2 k €↑
2013
Annual accounts 2013-12,0 k €
23/05/2012
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

THERMALPLUG

Overview

What does THERMALPLUG do?

Trend over 13 financial years

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