Losses
-€140,430 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
NTheo
Lifetime
15 annual accounts with figures on one time axispeak €271,998 (2023)
-€57,841▲ €21,280
lowest -€80,958 (2024)
-€59,471▲ €21,487
peak €461,427 (2023)
€320,998▼ 15.6%
€4,793▼ 36.8%
peak 1.3 FTE (2016)
-not published
Board3 names since 2021
3 directors and 2 others
Documentsfilings and deeds
26-08-202626 days late
2025micro format
Gross margin from -€79,121 to -€57,841Loss of €59,471Equity from €380,469 to €320,998Debts from €7,581 to €4,793Cash from €156,086 to €80,634
Key points
from the 2025 annual accountsFilings
15 annual accounts since 2011
Three of the last ten came late. The 2025 accounts came latest: 26 days after the end of the period.
Position in the sector
-€59,471
Lower net result than 95% of companies in other professional activities. Sector median €9,095 · 4,564 companies.
Turnover not published (abbreviated or micro format)
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 4,820 companies had the same profile as NTheo has now. Each dot stands for 13 companies, two years later.
87.9%
were still trading
10.0%
stopped another way
2.0%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 4,820 companies, not a prediction for NTheo. 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
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0833204165
Capital conversion · Amendment of the articles · Legal-form change · Resignations & appointments
Appointment: (director) · General meeting of 27-11-2023 · Gazette deed
Incorporation
published on 31-01-2011 · Gazette deed
First establishment
NTheo BV, Brialmontlei 77, Antwerp
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| NTheo Antwerp | €325,791 | -€57,841 | 98.5% | - |
| PERUSE Kuurne | €465,902 | -€37,946 | 78.2% | - |
| KAATTILLEYCREATION Brussels | €286,842 | -€2,008 | 49.8% | - |
| CCSB Forest | €371,679 | -€88,997 | 26.9% | - |
| AFSART Woluwe-Saint-Pierre | €120,583 | -€3,770 | 2.1% | - |
| C I O Kontich | €118,257 | -€20,423 | 84.2% | - |
| AMENTA Schoten | €83,823 | -€4,457 | -78.3% | 0 |
These companies have the same main activity as NTheo: design of textile patterns, clothing, jewellery, furniture and decorative items (NACE 74111). They are comparable in size and age: total assets between €83,800 and €466,000, founded between 1998 and 2017.
Official details
Source: KBO- Status
- Active since 27-01-2011Normal situation
- Activity
- Design of textile patterns, clothing, jewellery, furniture and decorative itemsNACE 74111and 4 others
- Joint committees
- 113Ceramics industry
- 200Auxiliary committee for white-collar workers · annual accounts 2021
- Establishment unit
- 2.195.812.2592018 Antwerp, since 27-01-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 17-12-2025
Insights on NTheo
NTheo files the micro format. That format states no turnover. The gross margin fell from €57,310 in 2011 to -€57,841 in 2025.
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 NTheo
- What is the company number of NTheo?
- The company number of NTheo is 0833.204.165. The VAT number is the same number with BE in front: BE 0833.204.165.
- Where is NTheo based?
- The registered office is at Brialmontlei 77, 2018 Antwerp.Company details
- What does NTheo do?
- According to the KBO register, the main activity is design of textile patterns, clothing, jewellery, furniture and decorative items (NACE 74111).
- What is the legal form of NTheo?
- NTheo is a private limited company (BV).
- When was NTheo founded?
- NTheo was founded on 27-01-2011.
- Is NTheo still active?
- Yes, NTheo is an active enterprise in the KBO register.
- How many employees does NTheo have?
- NTheo had an average of 0.4 full-time equivalents in financial year 2022, according to the filed annual accounts.Financials
- Which joint committee does NTheo fall under?
- In its 2021 annual accounts, NTheo states joint committees 113 (Ceramics industry) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of NTheo?
- The annual accounts for financial year 2025 state no turnover. The abbreviated or micro format does not require it.
- Is NTheo profitable?
- In financial year 2025, NTheo made a loss of €59,471.
- Where can I find the annual accounts of NTheo?
- NTheo filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of NTheo due?
- NTheo must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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