THB 12
ActiveSummary
The computed 12-month bankruptcy probability of THB 12 is 4.9% (elevated). The 2025 annual accounts show equity of €41,639 and a net result of -€7,209. Its solvency ranks better than 24% of 821 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
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Signals
This company filed its last 2 accounts on average 11 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, full schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 865 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 97% are still going.
- Small
- 2 to 5 years old
- solvency under 10%
- a small loss
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 4.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 865 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €627,514 | €533,431 | ▼ 15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €188,018 | €120,045 | ▼ 36.2% |
| Other operating charges640/8 | €6,153 | €500 | ▼ 91.9% |
| Non-recurring operating charges66A | €5,027 | - | - |
| Gross operating margin9900 | €769,048 | €716,236 | ▼ 6.9% |
| Operating profit (loss)9901 | -€57,664 | €62,260 | ▲ 208% |
| Financial income75/76B | €2,910 | €6,435 | ▲ 121% |
| Recurring financial income75 | €2,910 | €6,435 | ▲ 121% |
| Financial charges65/66B | €96,398 | €75,904 | ▼ 21.3% |
| Recurring financial charges65 | €96,398 | €75,904 | ▼ 21.3% |
| Profit (loss) for the period before taxes9903 | -€151,152 | -€7,209 | ▲ 95.2% |
| Profit (loss) for the period9904 | -€151,152 | -€7,209 | ▲ 95.2% |
| Profit (loss) for the period to be appropriated9905 | -€151,152 | -€7,209 | ▲ 95.2% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €1.1m | €1.2m | ▲ 3.3% |
| Formation expenses20 | €1,417 | €983 | ▼ 30.7% |
| Fixed assets21/28 | €1.0m | €1.1m | ▲ 5.9% |
| Intangible fixed assets21 | €24,955 | €21,955 | ▼ 12.0% |
| Tangible fixed assets22/27 | €912,114 | €803,466 | ▼ 11.9% |
| Plant, machinery and equipment23 | €171,322 | €149,968 | ▼ 12.5% |
| Furniture and vehicles24 | €58,454 | €44,604 | ▼ 23.7% |
| Other tangible fixed assets26 | €682,338 | €608,894 | ▼ 10.8% |
| Financial fixed assets28 | €111,914 | €285,917 | ▲ 155% |
| Current assets29/58 | €66,814 | €42,267 | ▼ 36.7% |
| Stocks and contracts in progress3 | €13,329 | €15,012 | ▲ 12.6% |
| Stocks30/36 | €13,329 | €15,012 | ▲ 12.6% |
| Amounts receivable within one year40/41 | €5,457 | €11,782 | ▲ 116% |
| Trade receivables40 | €5,457 | €11,782 | ▲ 116% |
| Cash at bank and in hand54/58 | €34,510 | €15,472 | ▼ 55.2% |
| Deferred charges and accrued income490/1 | €13,517 | - | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €1.1m | €1.2m | ▲ 3.3% |
| Equity10/15 | €48,848 | €41,639 | ▼ 14.8% |
| Contributions10/11 | €200,000 | €200,000 | = |
| Outside capital11 | - | €200,000 | - |
| Other1109/19 | - | €200,000 | - |
| Profit (loss) carried forward14 | -€151,152 | -€158,361 | ▼ 4.8% |
| Amounts payable17/49 | €1.1m | €1.1m | ▲ 4.2% |
| Amounts payable after more than one year17 | €701,924 | €589,235 | ▼ 16.1% |
| Financial debts170/4 | €701,924 | €589,235 | ▼ 16.1% |
| Amounts payable within one year42/48 | €356,912 | €512,777 | ▲ 43.7% |
| Current portion of amounts payable after more than one year42 | €105,267 | €134,592 | ▲ 27.9% |
| Trade debts44 | €206,793 | €313,166 | ▲ 51.4% |
| Suppliers440/4 | €206,793 | €313,166 | ▲ 51.4% |
| Taxes, remuneration and social security45 | €44,853 | €65,019 | ▲ 45.0% |
| Taxes450/3 | €6,939 | €17,738 | ▲ 156% |
| Remuneration and social security454/9 | €37,914 | €47,281 | ▲ 24.7% |
| Accrued charges and deferred income492/3 | €9,529 | €10,936 | ▲ 14.8% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€151,152 | -€7,209 | ▲ 95.2% |
| + Depreciation and write-downs630 | €188,018 | €120,045 | ▼ 36.2% |
| Operating cash flow (approximation) | €36,866 | €112,835 | ▲ 206% |
| Investment in fixed assets (approximation) | - | -€182,400 | - |
| Change in cash | - | -€19,038 | - |
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
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.
Directors · office · real estate
1 establishment unit
2 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25783E0247/00K000 | Wallonia | 1.0 ha | 1 · 494 m² | - |
| 62053A0195/02A000 | Wallonia | 9,846 m² | 1 · 4,948 m² | 10.2 m · 2 fl. |
Linked by address, not proof of ownership
Recognitions · licences · registrations
Food safety, FASFC
1 site · 1 with a smileySimilar companies · same sector, comparable size
Identification & contact
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.