Losses
-€668,945 in nine years
Every financial year from 2017 to 2025 closed with a loss. 2018 was the heaviest.
THB14
Lifetime
9 annual accounts with figures on one time axisGross marginpeak €87,732 (2022)
€76,091▲ €76,098
Resultlowest -€149,367 (2018)
-€20,966▼ €19,646
Equitypeak €212,246 (2023)
€189,960▼ 9.9%
Debts
€339,289▲ 65×
Staffpeak 9.3 FTE (2019)
-not published
Board2 names since 2017
2 directorsMemurlin Thomas and 1 other
Owners
100%THE BBDING Company
Documentsfilings and deeds
12-08-202612 days late
2025micro format
Gross margin from -€7 to €76,091Loss of €20,966Debts from €5,236 to €339,289Investments €296,171
Key points
from the 2025 annual accountsInvestments
€295,649 43.5 × depreciation
Green is investment, beige is depreciation.
Staff
4.8 FTE from 10.1 in 2022
Between 2022 and 2025, 52% of the full-time equivalents disappeared.
Liquidity
0.66 was 38.44 in 2024
Short-term debts rose from €5,236 to €339,289.
Filings
9 annual accounts 6 late
The 2017 accounts came latest: 61 days after the end of the period.
Position in the sector
-€20,966
Lower net result than 87% of companies in food and beverage service. Sector median €4,882 · 17,031 companies.
Checked score
68
Healthy
Financially stronger than 32% of micro companies in food and beverage service (NACE 56)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,788 companies (NACE 56, micro).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.6%
01-2025: 3.6%● unchanged vs 12-2024
02-2025: 3.6%● unchanged vs 01-2025
03-2025: 3.5%▼ -0.1 percentage points vs 02-2025
04-2025: 3.9%▲ +0.4 percentage points vs 03-2025
05-2025: 3.6%▼ -0.3 percentage points vs 04-2025
06-2025: 3.6%● unchanged vs 05-2025
07-2025: 3.9%▲ +0.3 percentage points vs 06-2025
08-2025: 4.4%▲ +0.5 percentage points vs 07-2025highest value
09-2025: 2.6%▼ -1.8 percentage points vs 08-2025
10-2025: 2.6%● unchanged vs 09-2025
11-2025: 2.6%● unchanged vs 10-2025
12-2025: 2.6%● unchanged vs 11-2025
01-2026: 1.7%▼ -0.9 percentage points vs 12-2025
02-2026: 1.7%● unchanged vs 01-2026
03-2026: 1.7%● unchanged vs 02-2026
04-2026: 1.8%▲ +0.1 percentage points vs 03-2026
05-2026: 1.7%▼ -0.1 percentage points vs 04-2026
06-2026: 1.7%● unchanged vs 05-2026
07-2026: 1.8%▲ +0.1 percentage points vs 06-2026
08-2026: 2.2%▲ +0.4 percentage points vs 07-2026
09-2026: 0.7%▼ -1.5 percentage points vs 08-2026lowest value
10-2026: 0.7%● unchanged vs 09-2026lowest value
11-2026: 0.7%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Sector: Food and beverage service activities (NACE 56)
Liquidity: current ratio 0.66, cash €24,990
lowers risk
Size: total assets €529,249
Figures for financial year 2025 (filed on 19-08-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro). It does better than 56% of them on solvency, 18% on liquidity, 23% on profitability and 31% on growth.
The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,440 companies had the same profile as THB14 has now. Each dot stands for 9 companies, two years later.
90.0%
were still trading
7.4%
stopped another way
2.3%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of THB14 itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,440 companies, not a prediction for THB14. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €12,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.66 (38.44 in 2024), below 1. Short-term debt is 64.1% and cash 4.7% of total assets. 64.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€20,966
raises risk · 2025 accounts filed 12 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-08-2026, 12 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 9 filingsDeviation from the deadline
2025
12 days late
2024
13 days late
2023
16 days late
2022
2 days early
2021
30 days early
2020
30 days late
2019
24 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 2 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 12 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
MT
Memurlin Thomas
Director, since 17-03-2017
NG
Navarro Guanipa Roberto
Director, since 17-03-2017
- THE BBDING Company 100%score 67equity €121,037 (2025) · 2025 annual accounts of THE BBDING Company
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0672897809
Company renamed from HD1 to THB14
Registered office moved to Awans · Capital contribution of €828,904.76 · New registered office: rue de Bruxelles, 10-15, 4340 Awans · Gazette deed
First establishment
THB14 SRL, Boulevard de France SN, Braine-l'Alleud
Incorporation
published on 06-04-2017 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| THB14 Awans | €529,249 | €76,091 | 35.9% | - |
| SIMON VERRYT Sprimont | €580,471 | €69,085 | 11.1% | - |
| EOSU Deinze | €553,267 | €91,145 | 25.1% | - |
| Wanda Ghent | €480,124 | €61,621 | 10.0% | 0.5 |
| ZAM CORP Hannut | €445,120 | €86,717 | 22.2% | - |
| EG FOOD Verviers | €505,330 | €100,333 | 42.4% | - |
| FRITAS Soumagne | €407,881 | €92,918 | 14.1% | 11.8 |
These companies have the same main activity as THB14: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €408,000 and €580,000, founded between 2016 and 2019.
Official details
Source: KBO- Status
- Active since 22-03-2017Normal situation
- Registered office
- 51 active companies are registered at this address3 started in the 12 months before. Source: KBO register, as of 5 November 2026.
- Activity
- Limited-service restaurants, excluding mobile food servicesNACE 56112and 1 other
- Joint committee
- 302Hotels and catering · annual accounts 2023
- Establishment unit
- 2.262.972.3861420 Braine-l'Alleud, since 06-04-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 20-06-2025
Annual accounts 2025
- Turnover
- ≈ €280,000estimated
- Total assets
- €529,249▲ 145%
- Filing
- Filed on 12-08-2026
Insights on THB14
THB14 files the micro format. That format states no turnover. The gross margin rose from €8,025 in 2017 to €76,091 in 2025.
THE BBDING Company holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about THB14
- What is the company number of THB14?
- The company number of THB14 is 0672.897.809. The VAT number is the same number with BE in front: BE 0672.897.809.
- Where is THB14 based?
- The registered office is at Rue de Bruxelles 10-15, 4340 Awans.Company details
- What does THB14 do?
- According to the KBO register, the main activity is limited-service restaurants, excluding mobile food services (NACE 56112).
- What is the legal form of THB14?
- THB14 is a private limited company (BV).
- When was THB14 founded?
- THB14 was founded on 22-03-2017.
- Is THB14 still active?
- Yes, THB14 is an active enterprise in the KBO register.
- How many employees does THB14 have?
- THB14 had an average of 4.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does THB14 fall under?
- In its 2023 annual accounts, THB14 states joint committee 302 (Hotels and catering).
- What is the turnover of THB14?
- The turnover in financial year 2025 is ≈ €280,000. This figure is estimated from the gross margin of €76,091 and 91 comparable companies (NACE 56112). It probably lies between €210,000 and €340,000.
- Is THB14 profitable?
- In financial year 2025, THB14 made a loss of €20,966.
- Where can I find the annual accounts of THB14?
- THB14 filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of THB14 due?
- THB14 must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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