THARU
ActiveSummary
The computed 12-month bankruptcy probability of THARU is 1.8% (moderate). The 2024 annual accounts show equity of €248k and a net result of €75k. Equity is growing by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 76% of 18936 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability92▲+14
Solvency85▲+9
Growth52=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 2.38 against 2.26 in 2023; short-term debt: 39.6% and cash: 7.8% of total assets), and 39.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
+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 →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
116 d late
2022
31 d late
2021
24 d late
2020
3 d early
2019
3 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€248k▲ 43.4%
2023 · €173k
2018: €128klowest in 7 years
2019: €168k▲ +31.2% vs 2018
2020: €196k▲ +16.7% vs 2019
2021: €207k▲ +5.5% vs 2020
2022: €142k▼ -31.3% vs 2021
2023: €173k▲ +21.6% vs 2022
2024: €248k▲ +43.4% vs 2023highest in 7 years
2018 → 2024
Total assets
€411k▲ 21.3%
2023 · €339k
2018: €241klowest in 7 years
2019: €260k▲ +7.9% vs 2018
2020: €295k▲ +13.2% vs 2019
2021: €290k▼ -1.5% vs 2020
2022: €297k▲ +2.2% vs 2021
2023: €339k▲ +14.1% vs 2022
2024: €411k▲ +21.3% vs 2023highest in 7 years
2018 → 2024
Net result
€75k▲ 145%
2023 · €31k
2018: €94khighest in 7 years
2019: €41k▼ -56.6% vs 2018
2020: €29k▼ -29.0% vs 2019
2021: €11k▼ -62.9% vs 2020
2022: €-65k▼ -704% vs 2021lowest in 7 years
2023: €31k▲ +147% vs 2022
2024: €75k▲ +145% vs 2023
2018 → 2024
Working capital
€225k▲ 23.6%
2023 · €182k
2018: €117klowest in 7 years
2019: €159k▲ +35.6% vs 2018
2020: €186k▲ +17.2% vs 2019
2021: €201k▲ +7.7% vs 2020
2022: €131k▼ -34.7% vs 2021
2023: €182k▲ +38.7% vs 2022
2024: €225k▲ +23.6% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€196k-€207k▲ 5.5%€142k▼ 31.3%€173k▲ 21.6%€248k▲ 43.4%
2020: €196k
2021: €207k▲ +5.5% vs 2020
2022: €142k▼ -31.3% vs 2021lowest in 5 years
2023: €173k▲ +21.6% vs 2022
2024: €248k▲ +43.4% vs 2023highest in 5 years
Operating result€37k-€31k▼ 16.6%€-60k€38k€90k▲ 136%
2020: €37k
2021: €31k▼ -16.6% vs 2020
2022: €-60k▼ -293% vs 2021lowest in 5 years
2023: €38k▲ +164% vs 2022
2024: €90k▲ +136% vs 2023highest in 5 years
Net result€29k-€11k▼ 62.9%€-65k€31k€75k▲ 145%
2020: €29k
2021: €11k▼ -62.9% vs 2020
2022: €-65k▼ -704% vs 2021lowest in 5 years
2023: €31k▲ +147% vs 2022
2024: €75k▲ +145% vs 2023highest 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 2022 the operating result has climbed two years in a row; 2024 is 136% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €411k
Fixed assets
€23k ▲ 77.3%
Current assets
€387k ▲ 19.0%
Equity and liabilities €411k
Equity
€248k ▲ 43.4%
Debt
€163k ▼ 1.8%
Debt's share of the balance-sheet total falls from 48.9% to 39.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€95k▲
2023 · €42k
Cash flow
€79k▲
2023 · €34k
Current ratio
2.38▲
2023 · 2.26
Quick ratio
2.32▲
2023 · 2.21
Debt to equity
0.66▼
2023 · 0.96
ROE
30.3%▲
2023 · 17.7%
ROA
18.3%▲
2023 · 9.1%
Interest coverage
30.62▲
2023 · 5.81
Debt ≤ 1 year
€163k▲
2023 · €144k
Income taxes
€23k▲
2023 · €368
Staff costs
€240k▼
2023 · €246k
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 · 2024 against 2023 · 51 lines
Balance sheet
Code20232024
Assets
Total assets20/58€339k€411k▲
Fixed assets21/28€13k€23k▲
Tangible fixed assets22/27€13k€23k▲
Land and buildings22-€7k
Plant, machinery and equipment23€6k€10k▲
Furniture and vehicles24€4k€4k▼
Other tangible fixed assets26€3k€2k▼
Current assets29/58€325k€387k▲
Amounts receivable after more than one year29€189k€189k=
Other amounts receivable291€189k€189k=
Stocks and contracts in progress3€8k€11k▲
Stocks30/36€8k€11k▲
Amounts receivable within one year40/41€16k€153k▲
Other amounts receivable41€16k€153k▲
Cash at bank and in hand54/58€110k€32k▼
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€339k€411k▲
Equity10/15€173k€248k▲
Contributions10/11€6k€6k=
Reserves13€201k€242k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€199k€240k▲
Profit (loss) carried forward14€-34k-
Amounts payable17/49€166k€163k▼
Amounts payable within one year42/48€144k€163k▲
Current portion of amounts payable after more than one year42-€49k
Trade debts44€73k€58k▼
Suppliers440/4€73k€58k▼
Taxes, remuneration and social security45€71k€56k▼
Taxes450/3€29k€17k▼
Remuneration and social security454/9€42k€39k▼
Accrued charges and deferred income492/3€22k€44▼
Income statement
Code20232024
Remuneration, social security and pensions62€246k€240k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▲
Other operating charges640/8€6k€2k▼
Non-recurring operating charges66A-€507
Gross operating margin9900€293k€337k▲
Operating profit (loss)9901€38k€90k▲
Financial income75/76B€9€11k▲
Recurring financial income75€9€11k▲
Financial charges65/66B€7k€3k▼
Recurring financial charges65€7k€3k▼
Profit (loss) for the period before taxes9903€31k€98k▲
Income taxes67/77€368€23k▲
Profit (loss) for the period9904€31k€75k▲
Profit (loss) for the period to be appropriated9905€31k€75k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-34k€41k▲
Profit (loss) brought forward from the previous period14P€-65k€-34k▲
Transfer to equity691/2-€41k
To other reserves6921-€41k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €252k | €272k | €246k | €240k | ▼ 2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €3k | €3k | €4k | €4k | ▲ 17.7% |
| Other operating charges640/8 | - | €4k | €3k | €6k | €2k | ▼ 65.3% |
| Non-recurring operating charges66A | - | €1k | €0 | - | €507 | - |
| Gross operating margin9900 | €234k | €292k | €219k | €293k | €337k | ▲ 15.1% |
| Operating profit (loss)9901 | €37k | €31k | €-60k | €38k | €90k | ▲ 136% |
| Financial income75/76B | - | €3k | €3k | €9 | €11k | ▲ 119,188% |
| Recurring financial income75 | €3k | €3k | €3k | €9 | €11k | ▲ 119,188% |
| Financial charges65/66B | - | €16k | €7k | €7k | €3k | ▼ 57.2% |
| Recurring financial charges65 | €2k | €10k | €7k | €7k | €3k | ▼ 57.2% |
| Non-recurring financial charges66B | - | €6k | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | €39k | €18k | €-64k | €31k | €98k | ▲ 216% |
| Income taxes67/77 | €10k | €7k | €368 | €368 | €23k | ▲ 6,108% |
| Profit (loss) for the period9904 | €29k | €11k | €-65k | €31k | €75k | ▲ 145% |
| Profit (loss) for the period to be appropriated9905 | €29k | €11k | €-65k | €31k | €75k | ▲ 145% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €295k | €290k | €297k | €339k | €411k | ▲ 21.3% |
| Fixed assets21/28 | €11k | €9k | €11k | €13k | €23k | ▲ 77.3% |
| Tangible fixed assets22/27 | €11k | €9k | €11k | €13k | €23k | ▲ 77.3% |
| Land and buildings22 | - | - | - | - | €7k | - |
| Plant, machinery and equipment23 | - | €115 | €3k | €6k | €10k | ▲ 67.4% |
| Furniture and vehicles24 | - | €3k | €4k | €4k | €4k | ▼ 5.8% |
| Other tangible fixed assets26 | - | €5k | €4k | €3k | €2k | ▼ 37.0% |
| Current assets29/58 | €284k | €281k | €286k | €325k | €387k | ▲ 19.0% |
| Amounts receivable after more than one year29 | - | €223k | €208k | €189k | €189k | = |
| Trade receivables290 | - | €0 | - | - | - | - |
| Other amounts receivable291 | - | €223k | €208k | €189k | €189k | = |
| Stocks and contracts in progress3 | €9k | €10k | €8k | €8k | €11k | ▲ 26.4% |
| Stocks30/36 | - | €10k | €8k | €8k | €11k | ▲ 26.4% |
| Amounts receivable within one year40/41 | €63k | €12k | €8k | €16k | €153k | ▲ 844% |
| Trade receivables40 | - | €0 | - | - | - | - |
| Other amounts receivable41 | - | €12k | €8k | €16k | €153k | ▲ 844% |
| Cash at bank and in hand54/58 | €29k | €36k | €61k | €110k | €32k | ▼ 70.8% |
| Deferred charges and accrued income490/1 | - | €479 | €547 | €2k | €3k | ▲ 54.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €295k | €290k | €297k | €339k | €411k | ▲ 21.3% |
| Equity10/15 | €196k | €207k | €142k | €173k | €248k | ▲ 43.4% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €190k | €201k | €201k | €201k | €242k | ▲ 20.4% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €199k | €199k | €199k | €240k | ▲ 20.5% |
| Profit (loss) carried forward14 | - | €0 | €-65k | €-34k | - | - |
| Amounts payable17/49 | €98k | €83k | €155k | €166k | €163k | ▼ 1.8% |
| Amounts payable after more than one year17 | €434 | €0 | - | - | - | - |
| Financial debts170/4 | - | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €98k | €81k | €155k | €144k | €163k | ▲ 13.2% |
| Current portion of amounts payable after more than one year42 | - | €434 | €0 | - | €49k | - |
| Financial debts43 | - | €0 | - | - | - | - |
| Credit institutions430/8 | - | €0 | - | - | - | - |
| Trade debts44 | €69k | €53k | €110k | €73k | €58k | ▼ 20.8% |
| Suppliers440/4 | - | €53k | €110k | €73k | €58k | ▼ 20.8% |
| Taxes, remuneration and social security45 | - | €26k | €44k | €71k | €56k | ▼ 21.0% |
| Taxes450/3 | - | €2k | €5k | €29k | €17k | ▼ 41.2% |
| Remuneration and social security454/9 | - | €24k | €39k | €42k | €39k | ▼ 6.9% |
| Other amounts payable47/48 | - | €2k | €496 | - | - | - |
| Accrued charges and deferred income492/3 | - | €2k | €0 | €22k | €44 | ▼ 99.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29k | €11k | €-65k | €31k | €75k | ▲ 145% |
| + Depreciation and write-downs630 | €7k | €3k | €3k | €4k | €4k | ▲ 17.7% |
| Operating cash flow (approximation) | €36k | €14k | €-62k | €34k | €79k | ▲ 131% |
| Investment in fixed assets (approximation) | - | €-1k | €-6k | €-6k | €-15k | ▼ 156% |
| Change in cash | - | €7k | €25k | €49k | €-78k | ▼ 260% |
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
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Equity above €200kEq €248k ▲43.4%
2 profitable years in a row build equity to €248k.
24-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 116 days late
2023
31-12
Financial
Back to profitnet €31k
Net result €31k after one loss-making year.
31-12
Financial
Equity above €150kEq €173k ▲21.6%
Equity rises from €142k to €173k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-65k
Net result drops to €-65k, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
31-12
Financial
Equity above €200kEq €207k ▲5.5%
4 profitable years in a row build equity to €207k.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
03-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 3 days late
2019
31-12
Financial
Equity above €150kEq €168k ▲31.2%
2 profitable years in a row build equity to €168k.
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Schelle · 1 establishment unit since 2016
Ground area
340 m²
Building footprint
93 m²
Volume, LiDAR
732 m³
Parcel 11038B0030/00V000, Flanders · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
THARU
since 20162.258.668.655
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11038B0030/00V000 | Flanders | 340 m² | 1 · 93 m² | 10.9 m · 3 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 siteSchelle2.258.668.655
Similar companies · same sector, comparable size
CHICA
BE 0864.811.418
Zonhoven · Eq €247,707
SAN MARCO
BE 0446.298.681
Bonheiden · Eq €247,680
RONAK
BE 0894.573.194
Brussel · Eq €248,180
Talia Geraardsbergen
BE 0734.912.481
Geraardsbergen · Eq €247,569
Yamayu Santatsu
BE 0418.513.725
Elsene · Eq €248,314
Of 21,853 companies in sector 56112 we hold annual accounts for 9,776. 6,202 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 (pre-2019)
Founded22-11-2016
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Contact
E-mail
pradipthanait@hotmail.com
Scores and ratios are computed by Checked and are not a credit decision.