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THE THRONE

Active
Private limited companyfounded 199729 yrs activeWaterloose Steenweg 66, 1640 Sint-Genesius-Rode, BelgiumKBO/BCE: BE 0460.095.348
Summary

THE THRONE has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€115,205) and a net result of -€116,550. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 1.0% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability15▼-19
Solvency21▼-4
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.01 against 0.01 in 2024; short-term debt: 103.6% and cash: 0.6% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 29 years 0 30 y
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
-4.4%
Return on assets
-4.4%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€115,205
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
on the day
2024
13 d early
2023
6 d early
2022
30 d late
2021
23 d late
2020
16 d late
2019
17 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 10 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 31 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

THE THRONE was incorporated on 26 February 1997.1 The registered office was moved to Sint-Genesius-Rode in 2026.2 Total assets rose from EUR 143,482 in 2018 to EUR 2.6 million in 2025.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 20-03-2026
  3. 3National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€116,550▼ 302%
2024 · -€28,971
Working capital
-€2.7m▼ 32.1%
2024 · -€2.1m
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€12,567▼ 55.2%-€20,425-€16,558▲ 18.9%€17,998€19,700▲ 9.5%
Net result€11,911▼ 67.5%-€35,572-€29,372▲ 17.4%-€28,971▲ 1.4%-€116,550▼ 302%
Equity€95,259▲ 14.3%€59,688▼ 37.3%€30,316▼ 49.2%€1,346▼ 95.6%-€115,205
Total assets€463,085▲ 136%€1.1m▲ 141%€1.3m▲ 19.5%€2.1m▲ 55.7%€2.6m▲ 27.4%
Debt€367,826▲ 227%€1.1m▲ 187%€1.3m▲ 23.4%€2.1m▲ 59.3%€2.8m▲ 33.0%
Working capital-€340,586▼ 432%-€1.0m▼ 207%-€1.2m▼ 16.0%-€2.1m▼ 68.9%-€2.7m▼ 32.1%
Result per fiscal year
Operating resultNet result
-€150,000-€100,000-€50,000€0Operating result 2021: €12,567€12,567Net result 2021: €11,911€11,911Operating result 2022: -€20,425-€20,425Net result 2022: -€35,572-€35,572Operating result 2023: -€16,558-€16,558Net result 2023: -€29,372-€29,372Operating result 2024: €17,998€17,998Net result 2024: -€28,971-€28,971Operating result 2025: €19,700€19,700Net result 2025: -€116,550-€116,55020212022202320242025-€150,000-€100,000-€50,000€0Operating result 2023: -€16,558-€16,600Net result 2023: -€29,372-€29,400Operating result 2024: €17,998€18,000Net result 2024: -€28,971-€29,000Operating result 2025: €19,700€19,700Net result 2025: -€116,550-€117,000202320242025
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 9% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.6m
Fixed assets €2.6m ▲ 27.3%
Current assets €29,167 ▲ 36.9%
Key figures and ratios
2025 value · change against 2024
EBITDA
€27,459
Cash flow
-€108,792
Solvency
-4.4%▼
2024 · 0.1%
Current ratio
0.01▲
2024 · 0.01
Debt to equity
-23.92
ROA
-4.4%▼
2024 · -1.4%
Interest coverage
0.20
Debt ≤ 1 year
€2.7m▲
2024 · €2.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,241 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 93% are still going.

  • Small
  • 20 years or older
  • negative equity
  • a small loss
1.8% went bankrupt
4.0% stopped otherwise
93% still going

A further 1.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 1,241 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 34 lines
Balance sheet Code20242025
Assets
Total assets20/58€2.1m€2.6m▲
Fixed assets21/28€2.1m€2.6m▲
Tangible fixed assets22/27€2.1m€2.6m▲
Land and buildings22€2.1m€2.6m▲
Current assets29/58€21,301€29,167▲
Amounts receivable within one year40/41€18,000€13,000▼
Trade receivables40€18,000-
Other amounts receivable41-€13,000
Cash at bank and in hand54/58€3,301€16,167▲
Equity and liabilities
Total equity and liabilities10/49€2.1m€2.6m▲
Equity10/15€1,346-€115,205▼
Contributions10/11€24,789€24,789=
Reserves13€2,479€2,479=
Distributable reserves133€2,479€2,479=
Profit (loss) carried forward14-€25,923-€142,473▼
Amounts payable17/49€2.1m€2.8m▲
Amounts payable within one year42/48€2.1m€2.7m▲
Financial debts43€1.6m€1.6m=
Credit institutions430/8€1.6m€1.6m=
Trade debts44€19,003€111,179▲
Suppliers440/4€19,003€111,179▲
Other amounts payable47/48€417,578€990,578▲
Accrued charges and deferred income492/3-€19,136
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€7,758
Other operating charges640/8€12,683€13,081▲
Gross operating margin9900€30,681€40,540▲
Operating profit (loss)9901€17,998€19,700▲
Financial charges65/66B€46,969€136,251▲
Recurring financial charges65€46,969€136,251▲
Profit (loss) for the period before taxes9903-€28,971-€116,550▼
Profit (loss) for the period9904-€28,971-€116,550▼
Profit (loss) for the period to be appropriated9905-€28,971-€116,550▼
Appropriation of the result
Profit (loss) to be appropriated9906-€25,923-€142,473▼
Profit (loss) brought forward from the previous period14P€3,048-€25,923▼

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630----€7,758-
Other operating charges640/8€9,272€9,489€11,824€12,683€13,081▲ 3.1%
Gross operating margin9900€21,839-€10,935-€4,734€30,681€40,540▲ 32.1%
Operating profit (loss)9901€12,567-€20,425-€16,558€17,998€19,700▲ 9.5%
Financial charges65/66B€656€15,147€12,814€46,969€136,251▲ 190%
Recurring financial charges65€656€15,147€12,814€46,969€136,251▲ 190%
Profit (loss) for the period before taxes9903€11,911-€35,572-€29,372-€28,971-€116,550▼ 302%
Profit (loss) for the period9904€11,911-€35,572-€29,372-€28,971-€116,550▼ 302%
Profit (loss) for the period to be appropriated9905€11,911-€35,572-€29,372-€28,971-€116,550▼ 302%
Line20212022202320242025Change
Assets
Total assets20/58€463,085€1.1m€1.3m€2.1m€2.6m▲ 27.4%
Fixed assets21/28€438,305€1.1m€1.2m€2.1m€2.6m▲ 27.3%
Tangible fixed assets22/27€438,305€1.1m€1.2m€2.1m€2.6m▲ 27.3%
Land and buildings22€438,305€1.1m€1.2m€2.1m€2.6m▲ 27.3%
Current assets29/58€24,780€6,237€85,769€21,301€29,167▲ 36.9%
Amounts receivable within one year40/41€1,627-€81,775€18,000€13,000▼ 27.8%
Trade receivables40€1,627-€81,775€18,000--
Other amounts receivable41----€13,000-
Cash at bank and in hand54/58€18,875€3,385€2,567€3,301€16,167▲ 390%
Deferred charges and accrued income490/1€4,278€2,852€1,426---
Equity and liabilities
Total equity and liabilities10/49€463,085€1.1m€1.3m€2.1m€2.6m▲ 27.4%
Equity10/15€95,259€59,688€30,316€1,346-€115,205▼ 8,662%
Contributions10/11€24,789€24,789€24,789€24,789€24,789=
Reserves13€2,479€2,479€2,479€2,479€2,479=
Non-distributable reserves130/1€2,479€2,479€2,479---
Reserves not available under the articles1311€2,479€2,479€2,479---
Distributable reserves133---€2,479€2,479=
Profit (loss) carried forward14€67,991€32,420€3,048-€25,923-€142,473▼ 450%
Amounts payable17/49€367,826€1.1m€1.3m€2.1m€2.8m▲ 33.0%
Amounts payable after more than one year17€2,460€860€860---
Other amounts payable178/9€2,460€860€860---
Amounts payable within one year42/48€365,366€1.1m€1.3m€2.1m€2.7m▲ 32.1%
Financial debts43-€689,253€887,397€1.6m€1.6m=
Credit institutions430/8-€689,253€887,397€1.6m€1.6m=
Trade debts44€56,104€10,390-€19,003€111,179▲ 485%
Suppliers440/4€56,104€10,390-€19,003€111,179▲ 485%
Other amounts payable47/48€309,262€353,578€412,578€417,578€990,578▲ 137%
Accrued charges and deferred income492/3----€19,136-
Line20212022202320242025Change
Profit (loss) for the period9904€11,911-€35,572-€29,372-€28,971-€116,550▼ 302%
+ Depreciation and write-downs630----€7,758-
Operating cash flow (approximation)€11,911-€35,572-€29,372-€28,971-€108,792▼ 276%
Investment in fixed assets (approximation)--€669,227-€137,850-€806,244-€567,654▲ 29.6%
Change in cash--€15,490-€818€733€12,866▲ 1,655%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
31-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
20-03
State Gazette act Registered office
Registered-office move2 facts ▸
  • Board meeting, 02/03/2026
  • Registered-office move, Waterloosesteenweg 66, 1640 Sint-Genesius-Rode
2025
31-12
Financial Weakest financial yearnet -€116,550
Net result drops to -€116,550, the lowest in the series.
18-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
25-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
30-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
23-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
16-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
31-12
Financial Highest result since 2018net €36,678 ▲72.4%
Net result €36,678, the highest in the series.
17-08
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 17 days late
2019
30-08
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
31-08
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
30-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts

Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not 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
4 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Genesius-Rode · 1 establishment unit since 1997
seat establishment The establishment unit on the map
Ground area
1,838 m²
Building footprint
269 m²
Volume, LiDAR
2,507 m³
2 parcels, Brussels, Flanders · tallest building 19.4 m, ±5 floors. Linked by address, not a title deed.
10 companies at this address See who is registered here
1 establishment unit
Raymond Blyckaertsplein 4, 1050 Elsene
Manufacture of rubber and plastic products
since 19972.081.147.767
2 parcels
Flanders 1 (50%) Brussels 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
22552F0009/00Y061 Flanders 1,481 m² 1 · 161 m² 11.7 m · 3 fl.
21442A0084/00D020 Brussels 356 m² 1 · 108 m² 19.4 m · 5 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. BELGOIMMO 100%
  2. THE THRONE

Highest known parent: BELGOIMMO. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPrivate limited company
Founded26-02-1997
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0460095348
Registered 15-04-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.