Thar
The computed 12-month bankruptcy probability of Thar is 0.9% (low). The 2024 annual accounts show equity of €350k and a net result of €-18k. Its solvency ranks better than 91% of 4908 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €350k |
| Net result | €-18k |
| Better than sector | 91% |
| Active | 3 yrs |
Mixed profile: strong on stability, weaker on profitability.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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See plans →| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 81.9% | 16.6% | |
| Net result | €-18k | €2k | |
| Equity | €350k | €27k | |
| Gross operating margin | €-5k | €27k | |
| Total assets | €427k | €301k |
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €-7k |
| Net profit | €-18k |
| Cash flow | €-7k |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €427k |
| Equity | €350k |
| Debt | €77k |
| of which ≤ 1y | €77k |
| of which > 1y | - |
| Working capital | €-76k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 0.02 |
| Quick ratio | 0.02 |
| Working capital ratio | -17.8% |
| Solvency | 81.9% |
| Debt / equity | 0.22 |
| Long-term debt ratio | - |
| Interest coverage | -38.86 |
| Gross margin | - |
| Net margin | - |
| ROA | -4.2% |
| ROE | -5.1% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €427k |
| Fixed assets | 21/28 | €426k |
| Tangible fixed assets | 22/27 | €426k |
| Current assets | 29/58 | €1k |
| Amounts receivable within one year | 40/41 | €206 |
| Cash & bank | 54/58 | €902 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €427k |
| Equity | 10/15 | €350k |
| Contributions / capital | 10/11 | €400k |
| Accumulated profits (losses) | 14 | €-50k |
| Amounts payable | 17/49 | €77k |
| Amounts payable within one year | 42/48 | €77k |
| Trade debts payable within one year | 44 | €891 |
| Income statement | ||
| Gross operating margin | 9900 | €-5k |
| Operating result | 9901 | €-18k |
| Financial charges | 65 | €184 |
| Result before taxes | 9903 | €-18k |
| Net result for the period | 9904 | €-18k |
| Result to be appropriated | 9905 | €-18k |
-
Current16-12-2025 → present
-
MASSIMMO PROJECTSLegal entityDirector· perm. rep.: Pascal BlancquaertState Gazette act 26004866 (12-01-2026)Current16-12-2025 → present
Former directors (2)
-
Former- → 16-12-2025
-
Former- → 16-12-2025
| NACE primary | Real estate activities(68110) |
| Legal form | Private limited company(610) |
| Incorporation | 01-08-2022 |
| Status | Active |
| Postal code | 9860 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44031A0380/00E000 | Flanders | 696 m² | 1 · 167 m² | 13.2 m · 3 fl. |
| 44059A0308/00Y000 | Flanders | 273 m² | 1 · 113 m² | 9.2 m · 3 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
12-01-2026 2 directors appointed, 2 resigning
- Pascal Blancquaert, Bestuurder
- Lynn Blancquaert, Bestuurder
- Roger Lemmens, Bestuurder
- Ben De Geyter, Bestuurder
Technical details
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}03-08-2022 Incorporation of a new BV
Technical details
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}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | Thar |