B.THE.C
ActiveSummary
B.THE.C has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €95,916 and a net result of €42,477. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 72% of 32629 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
What stands out
Overview
0 of 1 deed readAccounts 3 d earlyTurnover not published (abridged schema)
Why 94- Limited track record+ Lower-failure-rate sector+ Annual accounts: healthy financial profile+ Growing equityLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100▲+26
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 3.8 against 1.84 in 2024; short-term debt: 23.5% and cash: 64.2% of total assets), and 23.5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
76.5%
Return on assets
33.9%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year €95,916
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
3 d early
2024
18 d late
2023
23 d early
2022
21 d early
2021
25 d early
2020
20 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 6 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 10 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Liquidity doublescurrent ratio 3.80
- Annual accounts filedfiscal year 2024 · micro…
Financials
Fiscal year 2025Total assets €125,344Profit €42,477Solvency 76.5%Liquidity 3.80
Total assets
€125,344▲ 15.6%
2020 - 2025
Net result
€42,477▼ 39.5%
2020 - 2025
Equity
€95,916▲ 79.5%
2020 - 2025
Solvency
76.5%▲ 27.3pp
2020 - 2025
Financials · fiscal year 2025, micro schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€104,032▲ 849%€86,690▼ 16.7%€88,408▲ 2.0%€90,146▲ 2.0%€56,356▼ 37.5%
Net result€81,426above the sector's middle half▲ 864%€66,575above the sector's middle half▼ 18.2%€68,322above the sector's middle half▲ 2.6%€70,176above the sector's middle half▲ 2.7%€42,477within the sector's middle half▼ 39.5%
Equity€91,873within the sector's middle half▲ 779%€157,931within the sector's middle half▲ 71.9%€70,322within the sector's middle half▼ 55.5%€53,439within the sector's middle half▼ 24.0%€95,916within the sector's middle half▲ 79.5%
Total assets€134,142within the sector's middle half▲ 332%€197,517within the sector's middle half▲ 47.2%€97,146within the sector's middle half▼ 50.8%€108,460within the sector's middle half▲ 11.6%€125,344within the sector's middle half▲ 15.6%
Debt€42,269▲ 105%€39,587▼ 6.3%€26,824▼ 32.2%€55,022▲ 105%€29,428▼ 46.5%
Working capital€89,419within the sector's middle half▲ 756%€148,889above the sector's middle half▲ 66.5%€60,828within the sector's middle half▼ 59.1%€46,262within the sector's middle half▼ 23.9%€82,314within the sector's middle half▲ 77.9%
Solvency68.5%within the sector's middle half▲ 34.8pp80.0%above the sector's middle half▲ 11.5pp72.4%within the sector's middle half▼ 7.6pp49.3%within the sector's middle half▼ 23.1pp76.5%within the sector's middle half▲ 27.3pp
Current ratio3.12within the sector's middle half▲ 1.614.76above the sector's middle half▲ 1.653.27within the sector's middle half▼ 1.491.84within the sector's middle half▼ 1.433.80within the sector's middle half▲ 1.96
Return on assets (ROA)60.7%above the sector's middle half▲ 33.5pp33.7%above the sector's middle half▼ 27.0pp70.3%above the sector's middle half▲ 36.6pp64.7%above the sector's middle half▼ 5.6pp33.9%above the sector's middle half▼ 30.8pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 37% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €125,344
Fixed assets
€13,602 ▲ 89.5%
Current assets
€111,741 ▲ 10.3%
Equity and liabilities €125,344
Equity
€95,916 ▲ 79.5%
Debt
€29,428 ▼ 46.5%
Debt's share of the balance-sheet total falls from 50.7% to 23.5%. Equity is higher and debt is lower.
Key figures and ratios
Key figures and ratios
EBITDA
€60,497▼
2024 · €92,464
Cash flow
€46,618▼
2024 · €72,493
Debt to equity
0.31▼
2024 · 1.03
ROE
44.3%▼
2024 · 131.3%
Interest coverage
231.67▲
2024 · 145.45
Debt ≤ 1 year
€29,428▼
2024 · €55,022
Income taxes
€13,618▼
2024 · €20,047
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,975 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €180 | €1,159 | €2,054 | €2,318 | €4,141 | ▲ 78.7% |
| Other operating charges640/8 | €466 | €558 | €368 | €546 | €734 | ▲ 34.4% |
| Gross operating margin9900 | €104,677 | €88,407 | €90,829 | €93,010 | €61,231 | ▼ 34.2% |
| Operating profit (loss)9901 | €104,032 | €86,690 | €88,408 | €90,146 | €56,356 | ▼ 37.5% |
| Financial income75/76B | €175 | €325 | €323 | €712 | - | - |
| Recurring financial income75 | €175 | €325 | €323 | €712 | - | - |
| Financial charges65/66B | €536 | €940 | €717 | €636 | €261 | ▼ 58.9% |
| Recurring financial charges65 | €536 | €940 | €717 | €636 | €261 | ▼ 58.9% |
| Profit (loss) for the period before taxes9903 | €103,671 | €86,075 | €88,013 | €90,222 | €56,095 | ▼ 37.8% |
| Income taxes67/77 | €22,245 | €19,500 | €19,691 | €20,047 | €13,618 | ▼ 32.1% |
| Profit (loss) for the period9904 | €81,426 | €66,575 | €68,322 | €70,176 | €42,477 | ▼ 39.5% |
| Profit (loss) for the period to be appropriated9905 | €81,426 | €66,575 | €68,322 | €70,176 | €42,477 | ▼ 39.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €134,142 | €197,517 | €97,146 | €108,460 | €125,344 | ▲ 15.6% |
| Fixed assets21/28 | €2,454 | €9,042 | €9,494 | €7,177 | €13,602 | ▲ 89.5% |
| Tangible fixed assets22/27 | €2,454 | €9,042 | €9,494 | €7,177 | €13,602 | ▲ 89.5% |
| Furniture and vehicles24 | €2,454 | €9,042 | €9,494 | €7,177 | €13,602 | ▲ 89.5% |
| Current assets29/58 | €131,688 | €188,475 | €87,652 | €101,284 | €111,741 | ▲ 10.3% |
| Amounts receivable after more than one year29 | €30,064 | €30,064 | - | - | - | - |
| Other amounts receivable291 | €30,064 | €30,064 | - | - | - | - |
| Amounts receivable within one year40/41 | €26,860 | €25,830 | €25,813 | €17,731 | €29,810 | ▲ 68.1% |
| Trade receivables40 | €23,325 | €19,925 | €19,515 | €17,731 | €22,711 | ▲ 28.1% |
| Other amounts receivable41 | €3,535 | €5,905 | €6,298 | - | €7,099 | - |
| Cash at bank and in hand54/58 | €73,702 | €130,220 | €59,303 | €81,054 | €80,526 | ▼ 0.7% |
| Deferred charges and accrued income490/1 | €1,062 | €2,361 | €2,535 | €2,499 | €1,405 | ▼ 43.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €134,142 | €197,517 | €97,146 | €108,460 | €125,344 | ▲ 15.6% |
| Equity10/15 | €91,873 | €157,931 | €70,322 | €53,439 | €95,916 | ▲ 79.5% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €89,873 | €155,931 | €68,322 | €51,439 | €93,916 | ▲ 82.6% |
| Distributable reserves133 | €89,873 | €155,931 | €68,322 | €51,439 | €93,916 | ▲ 82.6% |
| Amounts payable17/49 | €42,269 | €39,587 | €26,824 | €55,022 | €29,428 | ▼ 46.5% |
| Amounts payable within one year42/48 | €42,269 | €39,587 | €26,824 | €55,022 | €29,428 | ▼ 46.5% |
| Trade debts44 | €6,071 | €5,896 | €4,875 | €1,282 | €8,034 | ▲ 527% |
| Suppliers440/4 | €6,071 | €5,896 | €4,875 | €1,282 | €8,034 | ▲ 527% |
| Taxes, remuneration and social security45 | €36,198 | €33,690 | €21,950 | €36,932 | €18,411 | ▼ 50.1% |
| Taxes450/3 | €33,698 | €30,990 | €19,250 | €34,232 | €15,689 | ▼ 54.2% |
| Remuneration and social security454/9 | €2,500 | €2,700 | €2,700 | €2,700 | €2,722 | ▲ 0.8% |
| Other amounts payable47/48 | - | - | - | €16,808 | €2,982 | ▼ 82.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €81,426 | €66,575 | €68,322 | €70,176 | €42,477 | ▼ 39.5% |
| + Depreciation and write-downs630 | €180 | €1,159 | €2,054 | €2,318 | €4,141 | ▲ 78.7% |
| Operating cash flow (approximation) | €81,606 | €67,735 | €70,376 | €72,493 | €46,618 | ▼ 35.7% |
| Investment in fixed assets (approximation) | - | -€7,747 | -€2,506 | €0 | -€10,566 | - |
| Change in cash | - | €56,518 | -€70,917 | €21,750 | -€527 | ▼ 102% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
JB-Mobility
BE 1007.091.117
Destelbergen · Eq €95,916
JAVAN
BE 0811.688.575
Wingene · Eq €95,912
SYDO
BE 0895.784.310
Stavelot · Eq €95,903
BODETI
BE 1003.052.848
Antwerpen · Eq €95,944
DE MEESTER BEHEER
BE 1008.248.583
Niel · Eq €95,946
Of 82,601 companies in this sector we hold annual accounts for 52,629. 40,559 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
10 eventsLatest 28-07-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity doublescurrent ratio 3.80
Current ratio from 1.84 to 3.80; short-term debt falls from €55,022 to €29,428.
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 18 days late
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150,000Eq €157,931 ▲71.9%
3 profitable years in a row build equity to €157,931.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2020net €81,426 ▲864%
Operating result €104,032, net result €81,426, both a record.
31-12
Financial
Liquidity doublescurrent ratio 3.12
Current ratio from 1.51 to 3.12.
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Support & recognitions
1 funding sourceFlanders €2,250
Flemish government
€2,250
awarded · 2025
Subsidies and aid
Flemish government
2025 · 1 entry · €2,250 awarded · €750 paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | €2,250 | €750 |
Company details
Private limited company · founded 11-09-2020Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded11-09-2020
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0753951306
Also
9925:BE0753951306
Registered
24-11-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2020
Ground area
415 m²
Building footprint
88 m²
Volume, LiDAR
754 m³
Parcel 11346B0529/00X005, Flanders · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
B.THE.C
since 2020unit no. 2.308.195.865
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11346B0529/00X005 | Flanders | 415 m² | 1 · 88 m² | 11.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies How does this company compare with its sector?Sector benchmark
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