INGE THOELEN
ActiveINGE THOELEN has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.63M and a net result of €323k. Equity is growing by ~16.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 18120 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
91
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability92▼-3
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140k at 30 days acceptable
Liquidity ample (current ratio 12.96 against 20.6 in 2024; short-term debt: 6.2% and cash: 53.2% of total assets), and 6.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
93.8%
Return on assets
18.6%
Age of the figures
9 mo
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
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
22 d early
2023
16 d early
2022
66 d early
2021
46 d early
2020
67 d early
2019
66 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.63M▲ 12.4%
2024 · €1.45M
2018: €522k
2019: €669k
2020: €831k
2021: €832k
2022: €1.04M
2023: €1.27M
2024: €1.45M
2018 → 2025
Total assets
€1.74M▲ 15.4%
2024 · €1.51M
2018: €546k
2019: €692k
2020: €853k
2021: €858k
2022: €1.06M
2023: €1.29M
2024: €1.51M
2018 → 2025
Net result
€323k▲ 3.7%
2024 · €312k
2018: €135k
2019: €149k
2020: €161k
2021: €178k
2022: €283k
2023: €310k
2024: €312k
2018 → 2025
Working capital
€1.28M▲ 19.6%
2024 · €1.07M
2018: €228k
2019: €341k
2020: €526k
2021: €561k
2022: €669k
2023: €924k
2024: €1.07M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€832k-€1.04M▲ 25.5%€1.27M▲ 22.0%€1.45M▲ 14.1%€1.63M▲ 12.4%
Operating result€255k-€413k▲ 62.1%€447k▲ 8.1%€453k▲ 1.5%€459k▲ 1.3%
Net result€178k-€283k▲ 59.4%€310k▲ 9.3%€312k▲ 0.6%€323k▲ 3.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 1% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.74M
Fixed assets
€348k▼ 8.2%
Current assets
€1.39M▲ 23.3%
Equity and liabilities €1.74M
Equity
€1.63M▲ 12.4%
Debt
€107k▲ 96.0%
The debt ratio rises from 3.6% to 6.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€499k▲
2024 · €491k
Cash flow
€363k▲
2024 · €350k
Solvency
93.8%▼
2024 · 96.4%
Current ratio
12.96▼
2024 · 20.60
Quick ratio
12.96▼
2024 · 20.60
Debt / equity
0.07▲
2024 · 0.04
ROE
19.8%▼
2024 · 21.5%
ROA
18.6%▼
2024 · 20.7%
Interest coverage
1446.65▼
2024 · 1721.68
Debt
€107k▲
2024 · €55k
Debt ≤ 1 year
€107k▲
2024 · €55k
Income taxes
€143k▲
2024 · €142k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.51M€1.74M▲
Fixed assets21/28€379k€348k▼
Tangible fixed assets22/27€379k€348k▼
Land and buildings22€324k€307k▼
Plant, machinery and equipment23€8k€5k▼
Furniture and vehicles24€47k€36k▼
Current assets29/58€1.13M€1.39M▲
Amounts receivable within one year40/41€47k€13k▼
Other amounts receivable41€47k€13k▼
Current investments50/53€300k€451k▲
Cash at bank and in hand54/58€778k€925k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€1.51M€1.74M▲
Equity10/15€1.45M€1.63M▲
Contributions10/11€19k€19k=
Reserves13€1.39M€1.57M▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€777€777=
Distributable reserves133€1.39M€1.57M▲
Profit (loss) carried forward14€40k€40k=
Amounts payable17/49€55k€107k▲
Amounts payable within one year42/48€55k€107k▲
Trade debts44€744€2k▲
Suppliers440/4€744€2k▲
Taxes, remuneration and social security45€54k€106k▲
Taxes450/3€54k€106k▲
Other amounts payable47/48€395-
Income statement
Code20242025
Non-recurring operating income76A€22k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38k€40k▲
Other operating charges640/8€2k€6k▲
Gross operating margin9900€493k€504k▲
Operating profit (loss)9901€453k€459k▲
Financial income75/76B€1k€12k▲
Recurring financial income75€1k€12k▲
Financial charges65/66B€285€4k▲
Recurring financial charges65€285€345▲
Non-recurring financial charges66B-€4k
Profit (loss) for the period before taxes9903€454k€466k▲
Income taxes67/77€142k€143k▲
Profit (loss) for the period9904€312k€323k▲
Transfer from tax-exempt reserves789€6k-
Profit (loss) for the period to be appropriated9905€318k€323k▲
Appropriation of the result
Profit (loss) to be appropriated9906€358k€363k▲
Profit (loss) brought forward from the previous period14P€40k€40k=
Transfer from equity791/2€132k€144k▲
Transfer to equity691/2€318k€323k▲
To other reserves6921€318k€323k▲
Profit to be distributed694/7€132k€144k▲
Return on contributions (dividend)694€132k€144k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €323k ▲3.7%
Operating result €459k, net result €323k, both a record.
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Liquidity triplescurrent ratio 58.56
Current ratio from 22.24 to 58.56; short-term debt falls from €26k to €12k.
30-09
Financial
Equity above €1MEq €1.04M ▲25.5%
5 profitable years in a row build equity to €1.04M.
15-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
24-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
20-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Landen
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Walhostraat 873401 LandenGround area
1,011 m²
Building footprint
121 m²
Volume, LiDAR
744 m³
Parcel 24118B0395/00N000, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24118B0395/00N000 | Flanders | 1,011 m² | 1 · 121 m² | 9.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
875500X5IPT4OMTQ3B22
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Of 5,223 companies in sector 47730 we hold annual accounts for 3,862. 2,595 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-01-2008
Fiscal year end31-12
Activities, NACEBEL
47730Retail sale of pharmaceutical products
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.