THALASSA
ActiveTHALASSA has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €688k and a net result of €36k. Equity is shrinking by ~7% per year across the filed fiscal years. Its solvency ranks better than 85% of 17987 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
94
/ 100
Excellent▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability26▲+11
Solvency98▲+9
Growth58=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 1.9 against 1.5 in 2024), and 23.3% 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
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
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
76.7%
Return on assets
4%
Age of the figures
8 mo
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 05-06-2026, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
56 d early
2024
43 d early
2023
19 d early
2022
10 d late
2021
31 d early
2020
27 d late
2019
13 d late
← 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€688k▲ 5.5%
2024 · €653k
2018: €1.23M
2019: €1.21M
2020: €1.20M
2021: €1.20M
2022: €1.16M
2023: €633k
2024: €653k
2018 → 2025
Total assets
€898k▲ 5.3%
2024 · €853k
2018: €1.55M
2019: €1.52M
2020: €1.50M
2021: €1.52M
2022: €1.48M
2023: €866k
2024: €853k
2018 → 2025
Net result
€36k▲ 83.8%
2024 · €19k
2018: €19k
2019: €-20k
2020: €-14k
2021: €-941
2022: €-41k
2023: €296k
2024: €19k
2018 → 2025
Working capital
€182k▲ 91.3%
2024 · €95k
2018: €71k
2019: €105k
2020: €143k
2021: €217k
2022: €255k
2023: €22k
2024: €95k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.20M-€1.16M▼ 3.4%€633k▼ 45.3%€653k▲ 3.1%€688k▲ 5.5%
Operating result€10k-€-13k€420k€35k▼ 91.7%€52k▲ 49.0%
Net result€-941-€-41k▼ 4,227%€296k€19k▼ 93.4%€36k▲ 83.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 49% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €898k
Fixed assets
€514k▼ 9.4%
Current assets
€384k▲ 34.6%
Equity and liabilities €898k
Equity
€688k▲ 5.5%
Provisions
€8k▼ 15.6%
Debt
€201k▲ 5.6%
The debt ratio rises from 22.4% to 22.4%: debt grows faster than equity.
Key figures and ratios
EBITDA
€106k▲
2024 · €93k
Cash flow
€89k▲
2024 · €77k
Solvency
76.7%▲
2024 · 76.5%
Current ratio
1.90▲
2024 · 1.50
Quick ratio
1.67▲
2024 · 1.33
Debt / equity
0.29▲
2024 · 0.29
ROE
5.2%▲
2024 · 3.0%
ROA
4.0%▲
2024 · 2.3%
Interest coverage
10.47▲
2024 · 7.25
Debt
€201k▲
2024 · €191k
Debt ≤ 1 year
€201k▲
2024 · €190k
Income taxes
€14k▲
2024 · €11k
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€853k€898k▲
Fixed assets21/28€568k€514k▼
Tangible fixed assets22/27€568k€514k▼
Land and buildings22€500k€481k▼
Furniture and vehicles24€20k€14k▼
Other tangible fixed assets26€47k€20k▼
Current assets29/58€285k€384k▲
Stocks and contracts in progress3€33k€48k▲
Stocks30/36€33k€48k▲
Amounts receivable within one year40/41€648€2k▲
Other amounts receivable41€648€2k▲
Current investments50/53€154k€155k▲
Cash at bank and in hand54/58€94k€176k▲
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€853k€898k▲
Equity10/15€653k€688k▲
Contributions10/11€19k€19k=
Reserves13€634k€670k▲
Tax-exempt reserves132€95k€89k▼
Distributable reserves133€540k€581k▲
Provisions and deferred taxes16€10k€8k▼
Deferred taxes168€10k€8k▼
Amounts payable17/49€191k€201k▲
Amounts payable within one year42/48€190k€201k▲
Trade debts44€5k€2k▼
Suppliers440/4€5k€2k▼
Taxes, remuneration and social security45€21k€30k▲
Taxes450/3€18k€27k▲
Remuneration and social security454/9€3k€3k=
Other amounts payable47/48€164k€170k▲
Accrued charges and deferred income492/3€930€0▼
Income statement
Code20242025
Non-recurring operating income76A€0€26k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€57k€54k▼
Other operating charges640/8€14k€13k▼
Gross operating margin9900€106k€119k▲
Operating profit (loss)9901€35k€52k▲
Financial income75/76B€6k€6k▼
Recurring financial income75€6k€6k▼
Financial charges65/66B€13k€10k▼
Recurring financial charges65€13k€10k▼
Profit (loss) for the period before taxes9903€29k€48k▲
Transfer from deferred taxes780€2k€1k▼
Income taxes67/77€11k€14k▲
Profit (loss) for the period9904€19k€36k▲
Transfer from tax-exempt reserves789€8k€6k▼
Profit (loss) for the period to be appropriated9905€27k€42k▲
Appropriation of the result
Profit (loss) to be appropriated9906€27k€42k▲
Profit (loss) brought forward from the previous period14P€0-
Transfer to equity691/2€27k€42k▲
To other reserves6921€27k€42k▲
The notes to these accounts (6 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
05-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €296k
Net result €296k after 4 loss-making years.
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
2022
31-12
Financial
Weakest financial yearnet €-41k
Net result drops to €-41k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 13 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2024
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
20-01-2024
De Smedt Tony: Resigned as Director
14-09-2023
SMEDT Tony: Resigned as Manager
Location & real-estate footprint
Registered office, Mol · 1 establishment unit since 1985
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.
Statiestraat 22400 MolGround area
462 m²
Building footprint
435 m²
Volume, LiDAR
6,502 m³
Parcel 13434F0767/00N002, Flanders · tallest building 17.1 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Statiestraat 2, 2400 Mol
since 19852.033.532.447
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13434F0767/00N002 | Flanders | 462 m² | 1 · 435 m² | 17.1 m · 5 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.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 3 entries · 3,350 EUR awarded · 3,350 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 2 | 2,000 EUR | 3,350 EUR |
| 2023 | 1 | 1,350 EUR | 0 EUR |
Schemes
Hinderpremie bij openbare werken
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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STARCOLA
BE 0799.906.837
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BONAIRE
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Of 2,200 companies in sector 47711 we hold annual accounts for 889. 454 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-02-1985
Fiscal year end31-12
Activities, NACEBEL
47711Retail sale of women's outerwear
52423
Sources
Crossroads Bank for EnterprisesNational Bank · 41 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:tonyoranges@yahoo.com