TH ACADEMY

Active

Private limited companyfounded 20233 yrs activeZ. 3 Doornveld 191, 1731 Asse, BelgiumKBO/BCE: BE 0799.907.431

The computed 12-month bankruptcy probability of TH ACADEMY is 2.6% (moderate). The 2024 annual accounts show equity of €5k and a net result of €54. Its solvency ranks better than 58% of 6162 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

48 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability38=

Solvency59▼-13

Growth78

Track record94

Bankruptcy probability, 12 months

2.6% Moderate

0%0.5%1.5%4%10%≥ 25%

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

34%

Return on assets

0.4%

Age of the figures

21 mo

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-08-2025, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 2 filings

Deviation from the deadline

2025

not confirmed

2024

25 d late

2023

22 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€5k▲ 1.1%

2023 · €5k

2023: €5k

2023 → 2024

Total assets

€15k▲ 39.9%

2023 · €11k

2023: €11k

2023 → 2024

Net result

€54▲ 179%

2023 · €19

2023: €19

2023 → 2024

Working capital

€2k▲ 2.7%

2023 · €2k

2023: €2k

2023 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20232024Trend

Equity€5k-€5k▲ 1.1%

Operating result€21-€205▲ 864%

Net result€19-€54▲ 179%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result rises in 2024; 2024 is 864% above 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €15k

20.1%

79.9%

Fixed assets €3k=

Current assets €12k▲ 55.6%

Equity and liabilities €15k

34.0%

66.0%

Equity €5k▲ 1.1%

Debt €10k▲ 74.5%

The debt ratio rises from 52.9% to 66.0%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

Solvency

34.0%▼

2023 · 47.1%

Current ratio

1.21▼

2023 · 1.36

Quick ratio

0.97▼

2023 · 1.24

Debt / equity

1.94▲

2023 · 1.12

ROE

1.1%▲

2023 · 0.4%

ROA

0.4%▲

2023 · 0.2%

Debt

€10k▲

2023 · €6k

Debt ≤ 1 year

€10k▲

2023 · €6k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€11k€15k▲

Fixed assets21/28€3k€3k=

Financial fixed assets28€3k€3k=

Current assets29/58€8k€12k▲

Stocks and contracts in progress3€680€2k▲

Stocks30/36€680€2k▲

Amounts receivable within one year40/41€5k€6k▲

Trade receivables40€5k€6k▲

Cash at bank and in hand54/58€381€3k▲

Deferred charges and accrued income490/1€2k-

Equity and liabilities

Total equity and liabilities10/49€11k€15k▲

Equity10/15€5k€5k▲

Contributions10/11€5k€5k=

Profit (loss) carried forward14€19€74▲

Amounts payable17/49€6k€10k▲

Amounts payable within one year42/48€6k€10k▲

Trade debts44€1k€1k▼

Suppliers440/4€1k€1k▼

Taxes, remuneration and social security45€769€2k▲

Taxes450/3€769€2k▲

Other amounts payable47/48€4k€6k▲

Income statement Code20232024

Gross operating margin9900€21€205▲

Operating profit (loss)9901€21€205▲

Financial charges65/66B€2€151▲

Recurring financial charges65€2€151▲

Profit (loss) for the period before taxes9903€19€54▲

Profit (loss) for the period9904€19€54▲

Profit (loss) for the period to be appropriated9905€19€54▲

Appropriation of the result

Profit (loss) to be appropriated9906€19€74▲

Profit (loss) brought forward from the previous period14P-€19

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 2Filings 2

2025

25-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 25 days late

2024

22-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 22 days late

NBB filing

Directors · office · real estate

Directors

1 act for this company is 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, Asse · 2 establishment units since 2023

establishment All 2 establishment units on the map

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.

Z. 3 Doornveld 1911731 Asse

Ground area

8,989 m²

Building footprint

4,813 m²

Volume, LiDAR

29,364 m³

3 parcels, Brussels, Flanders · tallest building 10.1 m, ±3 floors. Linked by address, not a title deed.

2 establishment units

Axlgreen

Ganzenweidestraat 314, 1130 BrusselRetail sale of cosmetics and toilet articles

since 20232.343.573.646

Goose Factory

Vandervekenstraat 114, 1083 GanshorenFull-service restaurants

since 20262.385.332.839

3 parcels

Flanders 1 (33.3%) Brussels 2 (66.7%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21008A0269/00H000	Brussels	5,855 m²	1 · 2,927 m²	10.1 m · 3 fl.
21821A0188/00E000	Brussels	2,651 m²	1 · 237 m²	7.6 m · 2 fl.
23095B0237/00A000	Flanders	483 m²	1 · 1,650 m²	5.7 m · 1 fl.