Equity
-€60,704
Debts exceed assets in financial year 2025.
THAPA & SONS
Lifetime
12 annual accounts with figures on one time axispeak €43,529 (2019)
€3,616▼ 70.3%
lowest -€50,623 (2023)
-€1,330▼ €8,788
peak €22,005 (2015)
-€60,704▼ €1,330
€79,651▲ 0.5%
peak 1 FTE (2012)
-not published
Board1 name since 2022
1 directorSuraj THAPA
Documentsfilings and deeds
28-11-202528 days late
2025micro format
Gross margin from €12,193 to €3,616Loss of €1,330Cash from €1,063 to €1,656
Key points
from the 2025 annual accountsDebts
€79,651 420% of the balance sheet
Suppliers 3%Taxes and wages 5%Other 93%
Position in the sector
-320.4%
Lower solvency than 95% of companies in retail trade. Sector median 33.1% · 22,869 companies.
2026 accounts not filed, 7 days past the deadline
Checked score
52
Fair
Financially stronger than 19% of micro companies in retail trade (NACE 47)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.9% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,280 companies (NACE 47, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.5%
01-2025: 2.6%▲ +0.1 percentage points vs 12-2024
02-2025: 2.7%▲ +0.1 percentage points vs 01-2025highest value
03-2025: 1.3%▼ -1.4 percentage points vs 02-2025
04-2025: 1.3%● unchanged vs 03-2025
05-2025: 1.3%● unchanged vs 04-2025
06-2025: 1.3%● unchanged vs 05-2025
07-2025: 1.4%▲ +0.1 percentage points vs 06-2025
08-2025: 1.3%▼ -0.1 percentage points vs 07-2025
09-2025: 1.2%▼ -0.1 percentage points vs 08-2025
10-2025: 1.4%▲ +0.2 percentage points vs 09-2025
11-2025: 1.7%▲ +0.3 percentage points vs 10-2025
12-2025: 1.2%▼ -0.5 percentage points vs 11-2025
01-2026: 1.2%● unchanged vs 12-2025
02-2026: 1.2%● unchanged vs 01-2026
03-2026: 1.2%● unchanged vs 02-2026
04-2026: 1.2%● unchanged vs 03-2026
05-2026: 1.2%● unchanged vs 04-2026
06-2026: 1.2%● unchanged vs 05-2026
07-2026: 1.2%● unchanged vs 06-2026
08-2026: 1.2%● unchanged vs 07-2026lowest value
09-2026: 1.2%● unchanged vs 08-2026
10-2026: 1.7%▲ +0.5 percentage points vs 09-2026
11-2026: 1.9%▲ +0.2 percentage points vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Figures for financial year 2025 (filed on 29-11-2025)
1 financial year not filed after the legal deadline; last filed accounts filed 28 days late; 2 of the last 3 accounts late
Loss of €1,330 (financial year 2025)
lowers risk
Size: total assets €18,947
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 47, micro). It does better than 6% of them on solvency, 11% on liquidity, 22% on profitability and 35% on growth.
The bankruptcy probability was computed on 06-11-2026 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 31-03-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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, 2,333 companies had the same profile as THAPA & SONS has now. Each dot stands for 6 companies, two years later.
90.5%
were still trading
5.8%
stopped another way
2.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of THAPA & SONS itself: 1.9% within 12 months.
Test of the method
The method was tested on the 497,447 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 2,333 companies, not a prediction for THAPA & SONS. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.24 (0.25 in 2024), below 1. Short-term debt is 420.4% and cash 8.7% of total assets. Equity is negative.
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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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€60,704
raises risk · 2025 accounts filed 28 days late
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 28-11-2025, 28 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 · 10 filingsDeviation from the deadline
2026
not filed
2025
28 days late
2024
119 days late
2023
58 days late
2022
29 days late
2021
52 days late
2020
73 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 60 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0889422593
Appointment: Suraj THAPA (director)
Legal-form conversion: from private limited company (pre-2019) to private limited company · General meeting of 28-12-2023 · Gazette deed
First establishment
Tapa & sons, Lange Leemstraat 153, Antwerp
Incorporation
published on 24-05-2007 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| THAPA & SONS Antwerp | - | - | -320.4% | - |
| Épicerie Del'Fine Mouscron | - | - | 52.3% | - |
| MICRO SIB Anderlecht | €421,610 | 0.6% | 88.9% | - |
| EURO PANJAB Forest | €56,665 | 5.2% | 96.8% | - |
| Yukseller Gida Antwerp | - | - | 90.3% | - |
| PARMEET Antwerp | - | - | 54.9% | - |
| BAJWA ENTREPRISES Antwerp | - | - | -167.4% | - |
These companies have the same main activity as THAPA & SONS: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €11,800 and €24,300, founded between 2004 and 2011.
Official details
Source: KBO- Status
- Active since 14-05-2007Normal situation
- Activity
- Non-specialised retail sale with food, beverages or tobacco predominatingNACE 47110
- Establishment unit
- 2.165.608.3402018 Antwerp, since 26-07-2007
- Financial year end
- 31 March
- Peppol
- Reachable since 07-01-2026
Annual accounts to 31-03-2025
- ≈ €110,000estimated
- €18,947▼ 4.6%
- ≈ 0 FTEestimated
- Filing
- Filed on 28-11-2025
Insights on THAPA & SONS
THAPA & SONS files the micro format. That format states no turnover. The gross margin fell from €10,664 in 2011 to €3,616 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 THAPA & SONS
- What is the company number of THAPA & SONS?
- The company number of THAPA & SONS is 0889.422.593. The VAT number is the same number with BE in front: BE 0889.422.593.
- Where is THAPA & SONS based?
- The registered office is at Lange Leemstraat 153, 2018 Antwerp.Company details
- What does THAPA & SONS do?
- According to the KBO register, the main activity is non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110).
- What is the legal form of THAPA & SONS?
- THAPA & SONS is a private limited company (BV).
- When was THAPA & SONS founded?
- THAPA & SONS was founded on 14-05-2007.
- Is THAPA & SONS still active?
- Yes, THAPA & SONS is an active enterprise in the KBO register.
- How many employees does THAPA & SONS have?
- THAPA & SONS had an average of 0.6 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- What is the turnover of THAPA & SONS?
- The turnover in financial year 2025 is ≈ €110,000. This figure is estimated from the gross margin of €3,616 and 305 comparable companies (NACE 47110). It probably lies between €54,000 and €190,000. It is a rough estimate.
- Is THAPA & SONS profitable?
- In financial year 2025, THAPA & SONS made a loss of €1,330.
- Where can I find the annual accounts of THAPA & SONS?
- THAPA & SONS filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
Next steps
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