Equity
Tharollo has made a profit in every financial year since 2019.
The dashed line is the sector median: 0.2% across 12,672 companies (NACE 82, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 82, micro). It does better than 88% of them on solvency, 97% on liquidity, 23% on profitability and 44% on growth.
The bankruptcy probability was computed on 09-11-2026 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 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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).
In July 2024, 5,047 companies had the same profile as Tharollo has now. Each dot stands for 13 companies, two years later.
The bankruptcy probability of Tharollo itself is lower: < 0.1% within 12 months. It rests on far more data about Tharollo than the profile alone.
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 5,047 companies, not a prediction for Tharollo. 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.
Liquidity is ample, with a current ratio of 38.14 (19.79 in 2024), above the usual 1.5. Short-term debt is 2.5% and cash 88.4% of total assets. 2.6% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 39 days before the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Tharollo Deinze | €97,803 | €2,764 | 97.4% | - |
| ACADHAMIA Bree | €104,412 | €3,061 | -18.7% | - |
| BELFRAL Ixelles | €118,938 | €2,125 | 36.4% | - |
| SOLIMCO Keerbergen | €88,426 | €2,776 | 72.0% | - |
| ARSO Wellen | €98,071 | €4,111 | 33.8% | - |
| Steyaert Geoffrey schilder- en decoratiewerken Oostkamp | €64,602 | €3,332 | 28.8% | - |
| BI INSPIRED Rixensart | €92,793 | €3,797 | 24.1% | - |
These companies have the same main activity as Tharollo: other business support services (NACE 82990). They are comparable in size and age: total assets between €64,600 and €119,000, founded between 2016 and 2020.
Tharollo files the micro format. That format states no turnover. The gross margin fell from €4,143 in 2019 to €2,764 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €16,000. Estimated: probably between €8,400 and €31,000.
Higher than 95% of 9,696 companies in 2025.
Higher than 95% of 9,314 companies in 2025.
Higher than 28% of 9,438 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
97,803 | 98,592 | 101,970 | 82,016 | 69,146 | 47,275 | 15,485 | |
21/28 |
5,088 | 5,088 | 5,088 | 5,298 | 6,579 | 6,860 | 6,141 | |
22/27 |
5,088 | 5,088 | 5,088 | 5,298 | 5,579 | 5,860 | 6,141 | |
22 |
- | - | 0 | 211 | 492 | 773 | 1,054 | |
26 |
5,088 | 5,088 | 5,088 | 5,088 | 5,088 | 5,088 | 5,088 | |
28 |
- | - | - | 0 | 1,000 | 1,000 | - | |
29/58 |
92,715 | 93,504 | 96,883 | 76,718 | 62,567 | 40,414 | 9,343 | |
40/41 |
6,298 | 8,000 | 6,115 | 8,940 | 7,774 | 5,450 | 140 | |
40 |
3,630 | 3,630 | 6,050 | 6,050 | 6,050 | 5,000 | 140 | |
41 |
2,668 | 4,370 | 65 | 2,890 | 1,724 | 450 | - | |
54/58 |
86,417 | 85,448 | 90,713 | 67,724 | 54,699 | 34,964 | 9,203 | |
490/1 |
0 | 56 | 55 | 53 | 94 | - | - | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
97,803 | 98,592 | 101,970 | 82,016 | 69,146 | 47,275 | 15,485 | |
10/15 |
95,215 | 93,651 | 93,593 | 76,242 | 61,879 | 38,333 | 8,749 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | - | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | |
11 |
- | - | - | - | - | 6,200 | - | |
1100/10 |
- | - | - | - | - | 6,200 | - | |
13 |
89,015 | 87,451 | 87,393 | 70,042 | 55,679 | 32,133 | 2,549 | |
130/1 |
- | - | 0 | 1,860 | 1,860 | 1,860 | - | |
130 |
- | - | - | - | - | - | 1,860 | |
1311 |
- | - | 0 | 1,860 | - | - | - | |
1319 |
- | - | - | - | 1,860 | 1,860 | - | |
133 |
89,015 | 87,451 | 87,393 | 68,182 | 53,819 | 30,273 | 689 | |
17/49 |
2,587 | 4,941 | 8,377 | 5,774 | 7,267 | 8,941 | 6,735 | |
42/48 |
2,431 | 4,725 | 8,224 | 5,774 | 7,267 | 8,837 | 6,654 | |
44 |
95 | 23 | 539 | 165 | - | - | 131 | |
440/4 |
95 | 23 | 539 | 165 | - | - | 131 | |
45 |
1,836 | 2,248 | 4,259 | 2,599 | 7,267 | 7,518 | 2,709 | |
450/3 |
1,836 | 2,248 | 4,259 | 2,599 | 5,767 | 7,518 | 2,709 | |
454/9 |
- | - | - | 0 | 1,500 | - | - | |
47/48 |
500 | 2,454 | 3,426 | 3,009 | - | 1,319 | 3,814 | |
492/3 |
156 | 216 | 153 | - | - | 104 | 81 | |
| Income statement | ||||||||
9900 |
2,764 | 833 | 24,796 | 20,938 | 33,040 | 41,576 | 4,143 | |
630 |
- | 0 | 211 | 281 | 281 | 281 | 351 | |
640/8 |
144 | 141 | 182 | 122 | 240 | - | 50 | |
9901 |
2,620 | 692 | 24,403 | 20,535 | 32,520 | 41,295 | 3,742 | |
75/76B |
- | - | 0 | 1 | 79 | 0 | - | |
75 |
- | - | 0 | 1 | 79 | 0 | - | |
65/66B |
224 | 255 | 205 | 63 | 50 | 161 | 96 | |
65 |
224 | 255 | 205 | 63 | 50 | 161 | 96 | |
9903 |
2,397 | 438 | 24,198 | 20,473 | 32,549 | 41,133 | 3,646 | |
67/77 |
832 | 380 | 6,847 | 6,110 | 9,003 | 11,550 | 1,096 | |
9904 |
1,564 | 58 | 17,351 | 14,363 | 23,546 | 29,584 | 2,549 | |
9905 |
1,564 | 58 | 17,351 | 14,363 | 23,546 | 29,584 | 2,549 | |
| Appropriation of the result | ||||||||
9906 |
1,564 | 58 | 17,351 | 14,363 | 23,546 | 29,584 | 2,549 | |
691/2 |
1,564 | 58 | 17,351 | 14,363 | 23,546 | 29,584 | 2,549 | |
6920 |
- | - | - | - | - | - | 1,860 | |
6921 |
1,564 | 58 | 17,351 | 14,363 | 23,546 | 29,584 | 689 | |
| Document | ||||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 17-12-2025.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 17-12-2025 | 2025-00584763 | |
| 30-06-2024 | micro format | 18-12-2024 | 2024-00624489 | |
| 30-06-2023 | micro format | 28-01-2024 | 2024-00010628 | |
| 30-06-2022 | micro format | 16-12-2022 | 2022-20540178 | |
| 30-06-2021 | micro format | 19-12-2021 | 2021-81000119 | |
| 30-06-2020 | micro format | 16-12-2020 | 2020-75700548 | |
| 30-06-2019 | micro format | 18-12-2019 | 2019-76600002 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| - | 692 | 24,614 | 20,816 | 32,801 | 41,576 | 4,093 | ||
| - | 58 | 17,562 | 14,644 | 23,827 | 29,865 | 2,901 | ||
| - | 0 | 0 | -1,000 | 0 | 1,000 | 6,493 | ||
| 969 | -5,265 | 22,989 | 13,025 | 19,735 | 25,761 | - | ||
| 90,284 | 88,779 | 88,659 | 70,944 | 55,300 | 31,577 | 2,689 | ||
| 97.4% | 95.0% | 91.8% | 93.0% | 89.5% | 81.1% | 56.5% | ||
| 38.14 | 19.79 | 11.78 | 13.29 | 8.61 | 4.57 | 1.40 | ||
| 0.03 | 0.05 | 0.09 | 0.08 | 0.12 | 0.23 | 0.77 | ||
| 1.6% | 0.1% | 18.5% | 18.8% | 38.1% | 77.2% | 29.1% | ||
| 1.6% | 0.1% | 17.0% | 17.5% | 34.1% | 62.6% | 16.5% | ||
| - | 2.72 | over 100 | over 100 | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
The operating result for 2025 is 3.8 times that of 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 5.0% to 2.6%. Equity is higher and debt is lower.
Tharollo has no parent and no holdings in its annual accounts. Arne Verliefde is the only director.
| Sefiri Capital
registered office since 03-04-2018 · founded in 2018 |
total assets €28.8m (2025) 0693.868.318 |
| Cornusius
registered office since 29-12-2025 · founded in 2025 |
total assets €85,500 (2025) 1032.278.156 |
| Verhelle, Isabelle Rosa (sole trader)
establishment since 07-02-2011 |
founded in 2011 0833.620.077 |
The connected companies are in the list below.
Deadline for the 2026 accounts: 31-01-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 30 March 2018, Tharollo was incorporated.1 In 2019 the registered office moved to Deinze.2 Arne Verliefde is director of the company, appointed by deed of 04-04-2018.3 Total assets went from €15,485 in 2019 to €97,803 in 2025.4
| Establishment | Since | Unit number |
|---|---|---|
| Kerrebroek 99 registered office 9800 Deinze | 30-03-2018 | 2.274.891.213 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44039A0132/00L000 | 1.6 ha | 1 · 191 m² | 6.6 m · 1 |
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