THARIS
ActiveTHARIS has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €295k and a net result of €28k. Equity is growing by ~14.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 3668 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability87▼-1
Solvency100=
Growth65▼-1
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 19.44 against 14.3 in 2024; short-term debt: 5.1% and cash: 0.2% of total assets), and 5.4% 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
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
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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
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
94.6%
Return on assets
8.9%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 28-10-2025, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
6 d early
2023
4 d early
2022
3 d early
2021
5 d early
2020
32 d early
2019
50 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close22-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€98k▼ 2.1%
2024 · €100k
2019: €88k
2020: €93k
2021: €91k
2022: €93k
2023: €94k
2024: €100k
2019 → 2025
EBIT margin
37.6%▼ 1.9pp
2024 · 39.5%
2019: 32.5%
2020: 32.1%
2021: 34.8%
2022: 41.1%
2023: 40.9%
2024: 39.5%
2019 → 2025
Net result
€28k▼ 8.0%
2024 · €30k
2019: €20k
2020: €21k
2021: €23k
2022: €28k
2023: €29k
2024: €30k
2019 → 2025
Working capital
€293k▲ 11.0%
2024 · €264k
2019: €129k
2020: €153k
2021: €178k
2022: €206k
2023: €235k
2024: €264k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€91k-€93k▲ 2.6%€94k▲ 0.9%€100k▲ 6.3%€98k▼ 2.1%
Equity€180k-€208k▲ 15.8%€237k▲ 14.0%€267k▲ 12.7%€295k▲ 10.3%
Operating result€32k-€38k▲ 21.0%€39k▲ 0.5%€39k▲ 2.4%€37k▼ 6.7%
Net result€23k-€28k▲ 22.3%€29k▲ 2.5%€30k▲ 3.1%€28k▼ 8.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €312k
Fixed assets
€3k▼ 33.3%
Current assets
€309k▲ 8.8%
Equity and liabilities €312k
Equity
€295k▲ 10.3%
Debt
€17k▼ 19.2%
The debt ratio falls from 7.2% to 5.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€38k▼
2024 · €41k
Cash flow
€29k▼
2024 · €31k
Solvency
94.6%▲
2024 · 92.8%
Current ratio
19.44▲
2024 · 14.30
Quick ratio
19.44▲
2024 · 14.30
Debt / equity
0.06▼
2024 · 0.08
ROE
9.4%▼
2024 · 11.2%
ROA
8.9%▼
2024 · 10.4%
Interest coverage
105.22▲
2024 · 85.54
Debt
€17k▼
2024 · €21k
Debt ≤ 1 year
€16k▼
2024 · €20k
Income taxes
€9k▼
2024 · €9k
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€288k€312k▲
Fixed assets21/28€4k€3k▼
Tangible fixed assets22/27€4k€3k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€2k€1k▼
Current assets29/58€284k€309k▲
Amounts receivable within one year40/41€284k€308k▲
Trade receivables40€9k€7k▼
Other amounts receivable41€274k€301k▲
Cash at bank and in hand54/58€17€671▲
Equity and liabilities
Total equity and liabilities10/49€288k€312k▲
Equity10/15€267k€295k▲
Contributions10/11€6k€6k=
Reserves13€261k€289k▲
Distributable reserves133€261k€289k▲
Amounts payable17/49€21k€17k▼
Amounts payable within one year42/48€20k€16k▼
Current portion of amounts payable after more than one year42-€7k
Financial debts43€5k-
Credit institutions430/8€5k-
Trade debts44€102-
Suppliers440/4€102-
Taxes, remuneration and social security45€15k€9k▼
Taxes450/3€15k€9k▼
Accrued charges and deferred income492/3€850€850=
Income statement
Code20242025
Turnover70€100k€98k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▲
Other operating charges640/8€109€118▲
Gross operating margin9900€41k€38k▼
Operating profit (loss)9901€39k€37k▼
Financial charges65/66B€475€363▼
Recurring financial charges65€475€363▼
Profit (loss) for the period before taxes9903€39k€36k▼
Income taxes67/77€9k€9k▼
Profit (loss) for the period9904€30k€28k▼
Profit (loss) for the period to be appropriated9905€30k€28k▼
Appropriation of the result
Profit (loss) to be appropriated9906€30k€28k▼
Transfer to equity691/2€30k€28k▼
To other reserves6921€30k€28k▼
The notes to these accounts (4 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
2025
28-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
25-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Highest result since 2019net €30k ▲3.1%
Operating result €39k, net result €30k, both a record.
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Equity above €200kEq €208k ▲15.8%
4 profitable years in a row build equity to €208k.
2021
26-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Equity above €150kEq €156k ▲15.6%
2 profitable years in a row build equity to €156k.
2019
11-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
22-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
10-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
19-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Mortsel · 1 establishment unit since 1999
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.
Mechelsesteenweg 1262640 MortselGround area
1,026 m²
Building footprint
365 m²
Volume, LiDAR
2,115 m³
2 parcels, Flanders · tallest building 12.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Oudebaan 123, 2640 Mortsel
since 19992.093.027.495
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11513C0157/00K003 | Flanders | 821 m² | 1 · 295 m² | 12.6 m · 1 fl. |
| 11513C0184/00B002 | Flanders | 205 m² | 1 · 70 m² | 11.2 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,352 companies in sector 56220 we hold annual accounts for 405. 252 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-10-1999
Fiscal year end31-03
Activities, NACEBEL
56210Event catering
56220Contract catering and other food service activities
56290Food and beverage service activities
55522
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.