FIRMA THOMAS
ActiveSummary
FIRMA THOMAS has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.8m and a net result of €483,775. Equity remains stable across the filed fiscal years (±2.5% per year). Its solvency ranks better than 42% of 5048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability65▲+10
Solvency63▲+6
Growth67▲+1
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170,000 at 30 days acceptable
Liquidity ample (current ratio 1.73 against 1.54 in 2024; short-term debt: 53.8% and cash: 0.4% of total assets), but 61.8% 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
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
38.2%
Return on assets
6.6%
Age of the figures
15 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
3 d early
2023
14 d late
2022
on the day
2021
1 d late
2020
22 d late
2019
20 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 8 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 31 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
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 Is the workforce growing, and do people stay?Employer check 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?Public money
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
In the rankings
#6 oldest company in Merchtem, Wholesale and retail trade sector#8 company by total assets in Merchtem, Wholesale and retail trade sector#10 fastest grower in Merchtem
Turnover
€14.6m▲ 9.1%
2024 · €13.4m
EBIT margin
4.9%▲ 2.3pp
2024 · 2.6%
Net result
€483,775▲ 150%
2024 · €193,788
Working capital
€2.9m▲ 3.4%
2024 · €2.8m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€13.4m▼ 2.6%€13.7m▲ 2.0%€14.8m▲ 7.9%€13.4m▼ 9.5%€14.6m▲ 9.1%
Operating result€519,593▼ 13.6%€291,681▼ 43.9%€556,116▲ 90.7%€340,935▼ 38.7%€709,441▲ 108%
Net result€347,618within the sector's middle half▼ 7.5%€184,702within the sector's middle half▼ 46.9%€380,779within the sector's middle half▲ 106%€193,788within the sector's middle half▼ 49.1%€483,775within the sector's middle half▲ 150%
EBIT margin3.9%▼ 0.5pp2.1%▼ 1.7pp3.8%▲ 1.6pp2.6%▼ 1.2pp4.9%▲ 2.3pp
Equity€2.5mwithin the sector's middle half▲ 2.6%€2.5mwithin the sector's middle half▲ 0.2%€2.6mwithin the sector's middle half▲ 4.5%€2.7mwithin the sector's middle half▲ 2.7%€2.8mwithin the sector's middle half▲ 5.4%
Total assets€7.1mwithin the sector's middle half▼ 5.6%€6.7mwithin the sector's middle half▼ 5.7%€7.9mwithin the sector's middle half▲ 17.3%€8.4mwithin the sector's middle half▲ 7.0%€7.3mwithin the sector's middle half▼ 12.7%
Debt€4.2m▼ 10.2%€3.8m▼ 9.8%€4.9m▲ 27.4%€5.4m▲ 10.3%€4.2m▼ 22.8%
Working capital€2.7mwithin the sector's middle half▲ 3.4%€2.7mwithin the sector's middle half▲ 0.6%€2.8mwithin the sector's middle half▲ 2.9%€2.8mwithin the sector's middle half▲ 0.6%€2.9mwithin the sector's middle half▲ 3.4%
Solvency34.8%within the sector's middle half▲ 2.8pp37.0%within the sector's middle half▲ 2.2pp32.9%within the sector's middle half▼ 4.1pp31.6%within the sector's middle half▼ 1.3pp38.2%within the sector's middle half▲ 6.6pp
Current ratio1.70within the sector's middle half▲ 0.091.78within the sector's middle half▲ 0.071.61within the sector's middle half▼ 0.171.54within the sector's middle half▼ 0.071.73within the sector's middle half▲ 0.19
Return on assets (ROA)4.9%within the sector's middle half▼ 0.1pp2.8%within the sector's middle half▼ 2.1pp4.8%within the sector's middle half▲ 2.1pp2.3%within the sector's middle half▼ 2.5pp6.6%within the sector's middle half▲ 4.3pp
Staff (FTE)21.2within the sector's middle half▼ 4.1%20.8within the sector's middle half▼ 1.9%21.8within the sector's middle half▲ 4.8%21.2within the sector's middle half▼ 2.8%21.1within the sector's middle half▼ 0.5%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 108% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.3m
Fixed assets
€517,528 ▲ 4.7%
Current assets
€6.8m ▼ 13.8%
Equity and liabilities €7.3m
Equity
€2.8m ▲ 5.4%
Provisions
€386,094 ▲ 2.3%
Debt
€4.2m ▼ 22.8%
Debt's share of the balance-sheet total falls from 63.9% to 56.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€812,306▲
2024 · €429,741
Cash flow
€586,640▲
2024 · €282,594
Quick ratio
0.53▼
2024 · 0.55
Debt to equity
1.48▼
2024 · 2.02
ROE
17.3%▲
2024 · 7.3%
Interest coverage
14.94▲
2024 · 5.34
Debt ≤ 1 year
€4.0m▼
2024 · €5.1m
Debt > 1 year
€175,359▼
2024 · €209,289
Income taxes
€183,891▲
2024 · €76,791
Staff costs
€1.3m▲
2024 · €1.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
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 497,338 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% | 1.9% |
| 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 20,134 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €14.0m | €15.0m | €13.6m | €14.8m | ▲ 8.8% |
| Turnover70 | €13.4m | €13.7m | €14.8m | €13.4m | €14.6m | ▲ 9.1% |
| Other operating income74 | - | €313,535 | €259,767 | €191,580 | €182,078 | ▼ 5.0% |
| Non-recurring operating income76A | - | €3,356 | €16,475 | €5,389 | €3,380 | ▼ 37.3% |
| Operating charges60/66A | - | €13.7m | €14.5m | €13.2m | €14.1m | ▲ 6.3% |
| Goods for resale, raw materials and consumables60 | - | €11.3m | €11.9m | €10.6m | €11.3m | ▲ 6.6% |
| Purchases600/8 | - | €11.0m | €13.2m | €10.7m | €11.0m | ▲ 2.3% |
| Change in stocks: decrease (increase)609 | - | €218,171 | -€1.3m | -€100,771 | €348,969 | ▲ 446% |
| Services and other goods61 | - | €1.1m | €1.1m | €1.2m | €1.2m | ▲ 5.4% |
| Remuneration, social security and pensions62 | - | €1.2m | €1.3m | €1.3m | €1.3m | ▲ 0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €116,384 | €124,566 | €116,501 | €88,806 | €102,865 | ▲ 15.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €8,365 | €1,246 | -€3,050 | -€1,526 | ▲ 50.0% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €9,382 | €1,691 | -€20,609 | €8,546 | ▲ 141% |
| Other operating charges640/8 | - | €52,358 | €12,874 | €15,524 | €27,027 | ▲ 74.1% |
| Non-recurring operating charges66A | - | €0 | - | - | - | - |
| Operating profit (loss)9901 | €519,593 | €291,681 | €556,116 | €340,935 | €709,441 | ▲ 108% |
| Financial income75/76B | - | €6,438 | €14,790 | €17,633 | €19,880 | ▲ 12.7% |
| Recurring financial income75 | €6,344 | €6,438 | €14,790 | €17,633 | €19,880 | ▲ 12.7% |
| Income from financial fixed assets750 | - | €2,997 | €5,838 | €0 | - | - |
| Income from current assets751 | - | €3,024 | €7,477 | €15,230 | €19,585 | ▲ 28.6% |
| Other financial income752/9 | - | €417 | €1,475 | €2,403 | €295 | ▼ 87.7% |
| Financial charges65/66B | - | €37,025 | €51,302 | €87,989 | €61,655 | ▼ 29.9% |
| Recurring financial charges65 | €49,933 | €37,025 | €51,302 | €87,989 | €61,655 | ▼ 29.9% |
| Debt charges650 | €49,931 | €37,020 | €51,298 | €80,542 | €54,362 | ▼ 32.5% |
| Other financial charges652/9 | - | €5 | €4 | €7,447 | €7,293 | ▼ 2.1% |
| Profit (loss) for the period before taxes9903 | €476,004 | €261,094 | €519,604 | €270,579 | €667,666 | ▲ 147% |
| Income taxes67/77 | €128,386 | €76,393 | €138,825 | €76,791 | €183,891 | ▲ 139% |
| Taxes670/3 | - | €76,393 | €138,825 | €76,791 | €183,891 | ▲ 139% |
| Profit (loss) for the period9904 | €347,618 | €184,702 | €380,779 | €193,788 | €483,775 | ▲ 150% |
| Profit (loss) for the period to be appropriated9905 | €347,618 | €184,702 | €380,779 | €193,788 | €483,775 | ▲ 150% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.1m | €6.7m | €7.9m | €8.4m | €7.3m | ▼ 12.7% |
| Fixed assets21/28 | €646,046 | €565,160 | €567,939 | €494,278 | €517,528 | ▲ 4.7% |
| Tangible fixed assets22/27 | €617,098 | €528,232 | €524,551 | €452,104 | €499,572 | ▲ 10.5% |
| Plant, machinery and equipment23 | - | €59,952 | €41,770 | €34,255 | €24,380 | ▼ 28.8% |
| Furniture and vehicles24 | - | €75,124 | €139,319 | €111,088 | €137,493 | ▲ 23.8% |
| Leasing and similar rights25 | - | €393,155 | €343,461 | €306,762 | €337,699 | ▲ 10.1% |
| Financial fixed assets28 | €28,949 | €36,929 | €43,389 | €42,174 | €17,956 | ▼ 57.4% |
| Other financial fixed assets284/8 | - | €36,929 | €43,389 | €42,174 | €17,956 | ▼ 57.4% |
| Amounts receivable and cash guarantees285/8 | - | €36,929 | €43,389 | €42,174 | €17,956 | ▼ 57.4% |
| Current assets29/58 | €6.5m | €6.1m | €7.3m | €7.9m | €6.8m | ▼ 13.8% |
| Stocks and contracts in progress3 | €3.8m | €3.6m | €5.0m | €5.1m | €4.7m | ▼ 6.9% |
| Stocks30/36 | - | €3.6m | €5.0m | €5.1m | €4.7m | ▼ 6.9% |
| Raw materials and consumables30/31 | - | €3.6m | €5.0m | €5.1m | €4.7m | ▼ 6.9% |
| Amounts receivable within one year40/41 | €2.5m | €2.5m | €2.3m | €2.8m | €2.0m | ▼ 27.4% |
| Trade receivables40 | - | €2.5m | €2.3m | €2.8m | €2.0m | ▼ 27.4% |
| Other amounts receivable41 | - | €23,607 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €101,359 | €11,950 | €59,640 | €27,610 | €32,178 | ▲ 16.5% |
| Deferred charges and accrued income490/1 | - | €6,597 | €7,173 | €1,272 | €20,101 | ▲ 1,480% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.1m | €6.7m | €7.9m | €8.4m | €7.3m | ▼ 12.7% |
| Equity10/15 | €2.5m | €2.5m | €2.6m | €2.7m | €2.8m | ▲ 5.4% |
| Contributions10/11 | - | €396,630 | €396,630 | €396,630 | €396,630 | = |
| Reserves13 | €175,370 | €175,370 | €175,370 | €175,370 | €175,370 | = |
| Non-distributable reserves130/1 | - | €39,663 | €39,663 | €0 | - | - |
| Reserves not available under the articles1311 | - | €39,663 | €39,663 | €0 | - | - |
| Tax-exempt reserves132 | - | €50,638 | €50,638 | €50,638 | €50,638 | = |
| Distributable reserves133 | - | €85,069 | €85,069 | €124,732 | €124,732 | = |
| Profit (loss) carried forward14 | €1.9m | €1.9m | €2.0m | €2.1m | €2.2m | ▲ 6.9% |
| Provisions and deferred taxes16 | €387,085 | €396,467 | €398,157 | €377,548 | €386,094 | ▲ 2.3% |
| Provisions for liabilities and charges160/5 | - | €396,467 | €398,157 | €377,548 | €386,094 | ▲ 2.3% |
| Major repairs and maintenance162 | - | €300,000 | €284,951 | €280,080 | €280,080 | = |
| Other liabilities and charges164/5 | - | €96,467 | €113,206 | €97,468 | €106,014 | ▲ 8.8% |
| Amounts payable17/49 | €4.2m | €3.8m | €4.9m | €5.4m | €4.2m | ▼ 22.8% |
| Amounts payable after more than one year17 | €420,937 | €331,105 | €317,069 | €209,289 | €175,359 | ▼ 16.2% |
| Financial debts170/4 | - | €331,105 | €317,069 | €209,289 | €175,359 | ▼ 16.2% |
| Leasing and similar obligations172 | - | €268,097 | €206,858 | €142,805 | €128,649 | ▼ 9.9% |
| Credit institutions173 | - | €63,008 | €110,212 | €66,484 | €46,710 | ▼ 29.7% |
| Amounts payable within one year42/48 | €3.8m | €3.5m | €4.5m | €5.1m | €4.0m | ▼ 23.1% |
| Current portion of amounts payable after more than one year42 | - | €124,087 | €108,669 | €107,781 | €134,633 | ▲ 24.9% |
| Financial debts43 | - | €375,000 | €615,000 | €1.4m | €175,000 | ▼ 87.4% |
| Credit institutions430/8 | - | €375,000 | €615,000 | €1.4m | €175,000 | ▼ 87.4% |
| Trade debts44 | €2.8m | €2.6m | €3.3m | €3.0m | €2.8m | ▼ 5.7% |
| Suppliers440/4 | - | €2.6m | €3.3m | €3.0m | €2.8m | ▼ 5.7% |
| Taxes, remuneration and social security45 | - | €200,253 | €269,918 | €319,389 | €375,278 | ▲ 17.5% |
| Taxes450/3 | - | €87,949 | €139,196 | €168,874 | €248,199 | ▲ 47.0% |
| Remuneration and social security454/9 | - | €112,303 | €130,723 | €150,515 | €127,080 | ▼ 15.6% |
| Other amounts payable47/48 | - | €180,000 | €270,000 | €314,000 | €427,500 | ▲ 36.1% |
| Accrued charges and deferred income492/3 | - | €40,259 | €23,062 | €24,439 | €24,014 | ▼ 1.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €347,618 | €184,702 | €380,779 | €193,788 | €483,775 | ▲ 150% |
| + Depreciation and write-downs630 | €116,384 | €124,566 | €116,501 | €88,806 | €102,865 | ▲ 15.8% |
| Operating cash flow (approximation) | €464,002 | €309,267 | €497,280 | €282,594 | €586,640 | ▲ 108% |
| Investment in fixed assets (approximation) | - | -€43,680 | -€119,280 | -€15,144 | -€126,115 | ▼ 733% |
| Change in cash | - | -€89,409 | €47,690 | -€32,029 | €4,568 | ▲ 114% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-06
Financial
Highest result since 2019net €483,775 ▲150%
Operating result €709,441, net result €483,775, both a record.
28-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
14-02
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 14 days late
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
01-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 1 day late
2021
22-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 22 days late
2020
20-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 20 days late
2019
12-02
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 12 days late
2018
06-02
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 6 days late
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Merchtem · 1 establishment unit since 1980
Ground area
6,227 m²
Building footprint
2,666 m²
Volume, LiDAR
20,496 m³
Parcel 23602I0074/00L002, Flanders · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
FIRMA THOMAS
since 19802.017.516.955
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23602I0074/00L002 | Flanders | 6,227 m² | 1 · 2,666 m² | 10.7 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 7,615 EUR awarded · 7,615 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 296 EUR | 296 EUR |
| 2024 | 1 | 1,410 EUR | 1,410 EUR |
| 2023 | 1 | 402 EUR | 402 EUR |
| 2022 | 1 | 5,507 EUR | 5,507 EUR |
Recognitions · licences · registrations
Dual-learning approval
2 live approvalsOnderhoudsmecanicien personenwagens en lichte bedrijfsvoertuigen (vwo)
Onderhoudsmechanica auto duaal (so)
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Of 805 companies in sector 46610 we hold annual accounts for 566. 376 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-12-1979
Fiscal year end30-06
Activities, NACEBEL 2025
46610Wholesale trade
47812Retail trade
46713Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0420042761
Registered
23-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.