THAPV
ActiveSummary
The computed 12-month bankruptcy probability of THAPV is 3.1% (moderate). The 2025 annual accounts show equity of €23k and a net result of €28k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 67% of 13417 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency75▲+34
Growth78=
Track record100
Bankruptcy probability, 12 months
3.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity tight (current ratio 1.23 against 1.01 in 2024; short-term debt: 49.9% and cash: 56.6% of total assets), and 49.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
50.1%
Return on assets
60.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-08-2026, 14 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 · 6 filingsDeviation from the deadline
2025
14 d late
2024
1 d late
2023
30 d late
2022
30 d late
2021
22 d late
2020
30 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€23k▲ 339%
2024 · €5k
2020: €-2k
2021: €-15k▼ -490% vs 2020
2022: €-16k▼ -9.4% vs 2021
2023: €-22k▼ -39.7% vs 2022lowest in 6 years
2024: €5k▲ +124% vs 2023
2025: €23k▲ +339% vs 2024highest in 6 years
2020 → 2025
Total assets
€46k▲ 44.0%
2024 · €32k
2020: €19k
2021: €17k▼ -12.4% vs 2020
2022: €31k▲ +85.8% vs 2021
2023: €14k▼ -56.0% vs 2022lowest in 6 years
2024: €32k▲ +136% vs 2023
2025: €46k▲ +44.0% vs 2024highest in 6 years
2020 → 2025
Net result
€28k▲ 1.2%
2024 · €28k
2020: €-7k
2021: €-12k▼ -62.3% vs 2020lowest in 6 years
2022: €-1k▲ +88.6% vs 2021
2023: €-6k▼ -360% vs 2022
2024: €28k▲ +535% vs 2023
2025: €28k▲ +1.2% vs 2024highest in 6 years
2020 → 2025
Working capital
€5k▲ 3,099%
2024 · €170
2020: €-10k
2021: €-20k▼ -92.8% vs 2020
2022: €-24k▼ -22.1% vs 2021
2023: €-30k▼ -22.9% vs 2022lowest in 6 years
2024: €170▲ +101% vs 2023
2025: €5k▲ +3099% vs 2024highest in 6 years
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-15k-€-16k▼ 9.4%€-22k▼ 39.7%€5k€23k▲ 339%
2021: €-15k
2022: €-16k▼ -9.4% vs 2021
2023: €-22k▼ -39.7% vs 2022lowest in 5 years
2024: €5k▲ +124% vs 2023
2025: €23k▲ +339% vs 2024highest in 5 years
Operating result€-12k-€-473▲ 96.1%€-6k▼ 1,216%€28k€30k▲ 8.2%
2021: €-12klowest in 5 years
2022: €-473▲ +96.1% vs 2021
2023: €-6k▼ -1216% vs 2022
2024: €28k▲ +546% vs 2023
2025: €30k▲ +8.2% vs 2024highest in 5 years
Net result€-12k-€-1k▲ 88.6%€-6k▼ 360%€28k€28k▲ 1.2%
2021: €-12klowest in 5 years
2022: €-1k▲ +88.6% vs 2021
2023: €-6k▼ -360% vs 2022
2024: €28k▲ +535% vs 2023
2025: €28k▲ +1.2% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 8% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €46k
Fixed assets
€18k ▲ 247%
Current assets
€29k ▲ 5.5%
Equity and liabilities €46k
Equity
€23k ▲ 339%
Debt
€23k ▼ 14.1%
Debt's share of the balance-sheet total falls from 83.6% to 49.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€33k▲
2024 · €30k
Cash flow
€31k▲
2024 · €30k
Current ratio
1.23▲
2024 · 1.01
Quick ratio
1.17▲
2024 · 0.95
Debt to equity
1.00▼
2024 · 5.09
ROE
120.2%▼
2024 · 521.4%
ROA
60.2%▼
2024 · 85.7%
Interest coverage
185.85▼
2024 · 218.68
Debt ≤ 1 year
€23k▼
2024 · €27k
Income taxes
€2k
Staff costs
€42k▲
2024 · €18k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€32k€46k▲
Fixed assets21/28€5k€18k▲
Intangible fixed assets21-€8k
Tangible fixed assets22/27€931€6k▲
Plant, machinery and equipment23€931€6k▲
Financial fixed assets28€4k€4k=
Current assets29/58€27k€29k▲
Stocks and contracts in progress3€2k€2k=
Stocks30/36€2k€2k=
Amounts receivable within one year40/41€50€814▲
Other amounts receivable41€50€814▲
Cash at bank and in hand54/58€26k€26k▲
Equity and liabilities
Total equity and liabilities10/49€32k€46k▲
Equity10/15€5k€23k▲
Contributions10/11€5k€5k=
Capital10€5k-
Issued capital100€5k-
Profit (loss) carried forward14€301€18k▲
Amounts payable17/49€27k€23k▼
Amounts payable within one year42/48€27k€23k▼
Trade debts44€1k€2k▲
Suppliers440/4€1k€2k▲
Taxes, remuneration and social security45€3k€10k▲
Taxes450/3€556€3k▲
Remuneration and social security454/9€3k€7k▲
Other amounts payable47/48€22k€12k▼
Income statement
Code20242025
Remuneration, social security and pensions62€18k€42k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Other operating charges640/8€3k€5k▲
Gross operating margin9900€51k€80k▲
Operating profit (loss)9901€28k€30k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€137€179▲
Recurring financial charges65€137€179▲
Profit (loss) for the period before taxes9903€28k€30k▲
Income taxes67/77-€2k
Profit (loss) for the period9904€28k€28k▲
Profit (loss) for the period to be appropriated9905€28k€28k▲
Appropriation of the result
Profit (loss) to be appropriated9906€301€28k▲
Profit (loss) brought forward from the previous period14P€-27k€301▲
Profit to be distributed694/7-€10k
Directors or managers695-€10k
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €212 | - | €10k | €18k | €42k | ▲ 131% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €2k | €2k | €2k | €3k | ▲ 44.2% |
| Other operating charges640/8 | €2k | €273 | €4k | €3k | €5k | ▲ 70.1% |
| Gross operating margin9900 | €-7k | €2k | €10k | €51k | €80k | ▲ 56.7% |
| Operating profit (loss)9901 | €-12k | €-473 | €-6k | €28k | €30k | ▲ 8.2% |
| Financial income75/76B | - | - | €0 | €0 | - | - |
| Recurring financial income75 | - | - | €0 | €0 | - | - |
| Financial charges65/66B | €1 | €906 | €122 | €137 | €179 | ▲ 30.6% |
| Recurring financial charges65 | €1 | €906 | €122 | €137 | €179 | ▲ 30.6% |
| Profit (loss) for the period before taxes9903 | €-12k | €-1k | €-6k | €28k | €30k | ▲ 8.1% |
| Income taxes67/77 | - | - | - | - | €2k | - |
| Profit (loss) for the period9904 | €-12k | €-1k | €-6k | €28k | €28k | ▲ 1.2% |
| Profit (loss) for the period to be appropriated9905 | €-12k | €-1k | €-6k | €28k | €28k | ▲ 1.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €17k | €31k | €14k | €32k | €46k | ▲ 44.0% |
| Fixed assets21/28 | €10k | €8k | €7k | €5k | €18k | ▲ 247% |
| Intangible fixed assets21 | €5k | €3k | €2k | - | €8k | - |
| Tangible fixed assets22/27 | €1k | €800 | €2k | €931 | €6k | ▲ 505% |
| Plant, machinery and equipment23 | €1k | €800 | €2k | €931 | €6k | ▲ 505% |
| Financial fixed assets28 | €4k | €4k | €4k | €4k | €4k | = |
| Current assets29/58 | €7k | €23k | €6k | €27k | €29k | ▲ 5.5% |
| Stocks and contracts in progress3 | €500 | €500 | €2k | €2k | €2k | = |
| Stocks30/36 | €500 | €500 | €2k | €2k | €2k | = |
| Amounts receivable within one year40/41 | €3k | €12k | - | €50 | €814 | ▲ 1,515% |
| Trade receivables40 | €3k | €11k | - | - | - | - |
| Other amounts receivable41 | - | €478 | - | €50 | €814 | ▲ 1,515% |
| Cash at bank and in hand54/58 | €2k | €10k | €5k | €26k | €26k | ▲ 2.8% |
| Deferred charges and accrued income490/1 | €780 | €838 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €17k | €31k | €14k | €32k | €46k | ▲ 44.0% |
| Equity10/15 | €-15k | €-16k | €-22k | €5k | €23k | ▲ 339% |
| Contributions10/11 | €5k | €5k | €5k | €5k | €5k | = |
| Capital10 | €5k | €5k | €5k | €5k | - | - |
| Issued capital100 | €5k | €5k | €5k | €5k | - | - |
| Profit (loss) carried forward14 | €-20k | €-21k | €-27k | €301 | €18k | ▲ 5,970% |
| Amounts payable17/49 | €31k | €47k | €36k | €27k | €23k | ▼ 14.1% |
| Amounts payable after more than one year17 | €5k | - | - | - | - | - |
| Financial debts170/4 | €5k | - | - | - | - | - |
| Amounts payable within one year42/48 | €26k | €47k | €36k | €27k | €23k | ▼ 14.1% |
| Current portion of amounts payable after more than one year42 | €5k | €10k | - | - | - | - |
| Trade debts44 | - | €4k | €4k | €1k | €2k | ▲ 37.5% |
| Suppliers440/4 | - | €4k | €4k | €1k | €2k | ▲ 37.5% |
| Taxes, remuneration and social security45 | €714 | €3k | €3k | €3k | €10k | ▲ 175% |
| Taxes450/3 | €607 | €3k | €391 | €556 | €3k | ▲ 359% |
| Remuneration and social security454/9 | €107 | - | €3k | €3k | €7k | ▲ 140% |
| Other amounts payable47/48 | €21k | €30k | €29k | €22k | €12k | ▼ 46.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-12k | €-1k | €-6k | €28k | €28k | ▲ 1.2% |
| + Depreciation and write-downs630 | €3k | €2k | €2k | €2k | €3k | ▲ 44.2% |
| Operating cash flow (approximation) | €-10k | €621 | €-4k | €30k | €31k | ▲ 4.4% |
| Investment in fixed assets (approximation) | - | €0 | €-1k | €0 | €-16k | - |
| Change in cash | - | €7k | €-5k | €21k | €718 | ▼ 96.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 14 days late
2025
31-12
Financial
Highest result since 2020net €28k ▲1.2%
Operating result €30k, net result €28k, both a record.
01-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 1 day late
2024
31-12
Financial
Back to profitnet €28k
Net result €28k after 4 loss-making years.
31-12
Financial
Liquidity times 6current ratio 1.01
Current ratio from 0.17 to 1.01; short-term debt falls from €36k to €27k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Antwerpen · 1 establishment unit since 2020
Ground area
114 m²
Building footprint
92 m²
Volume, LiDAR
1,200 m³
Parcel 11002A2227/00H000, Flanders · tallest building 16.1 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Nakhon
since 20202.297.980.280
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11002A2227/00H000 | Flanders | 114 m² | 1 · 92 m² | 16.1 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
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
Food safety, FASFC
1 siteAntwerpen2.297.980.280
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,462. 9,064 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded15-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
Scores and ratios are computed by Checked and are not a credit decision.