THEBES
ActiveSummary
THEBES has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9k and a net result of €159. Equity is growing by ~46.1% per year across the filed fiscal years. Its solvency ranks better than 71% of 7780 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability36▲+3
Solvency98▲+27
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 3.67 against 1.5 in 2024; short-term debt: 27.3% and cash: 53% of total assets), and 27.3% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
19 d late
2023
30 d early
2022
31 d early
2021
26 d early
2020
31 d late
2019
91 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€9k▲ 1.8%
2024 · €9k
Total assets
€13k▼ 36.3%
2024 · €20k
Net result
€159
2024 · €-4k
Working capital
€9k▲ 87.1%
2024 · €5k
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€3k▼ 85.3%€31k▲ 913%€31k▼ 0.5%€-2k€1k
Net result€1k▼ 92.8%€30k▲ 1,928%€28k▼ 4.0%€-4k€159
Equity€-45k▲ 3.2%€-15k▲ 66.1%€13k€9k▼ 32.4%€9k▲ 1.8%
Total assets€42k▲ 0.2%€48k▲ 13.3%€66k▲ 36.3%€20k▼ 69.9%€13k▼ 36.3%
Debt€87k▼ 1.6%€63k▼ 27.5%€52k▼ 17.4%€11k▼ 79.5%€3k▼ 68.2%
Working capital€10k▼ 68.5%€23k▲ 138%€41k▲ 77.8%€5k▼ 88.1%€9k▲ 87.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €1k after a loss of €2k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €13k
Equity
€9k ▲ 1.8%
Debt
€3k ▼ 68.2%
Debt's share of the balance-sheet total falls from 54.5% to 27.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1k▼
2024 · €3k
Cash flow
€159▲
2024 · €32
Current ratio
3.67▲
2024 · 1.50
Debt to equity
0.37▼
2024 · 1.20
ROE
1.7%▲
2024 · -47.9%
ROA
1.3%▲
2024 · -21.8%
Interest coverage
1.91▼
2024 · 3.95
Debt ≤ 1 year
€3k▼
2024 · €10k
Debt > 1 year
€0▼
2024 · €1k
Income taxes
€455▼
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €4k | €4k | €4k | €0 | ▼ 100% |
| Other operating charges640/8 | €2k | €703 | €976 | €82 | €5k | ▲ 6,282% |
| Gross operating margin9900 | €9k | €36k | €36k | €3k | €7k | ▲ 141% |
| Operating profit (loss)9901 | €3k | €31k | €31k | €-2k | €1k | ▲ 176% |
| Financial income75/76B | €1 | €0 | €0 | €0 | €0 | ▼ 100% |
| Recurring financial income75 | €1 | €0 | €0 | €0 | €0 | ▼ 100% |
| Financial charges65/66B | €1k | €1k | €838 | €667 | €676 | ▲ 1.4% |
| Recurring financial charges65 | €1k | €1k | €838 | €667 | €676 | ▲ 1.4% |
| Profit (loss) for the period before taxes9903 | €2k | €30k | €30k | €-2k | €613 | ▲ 126% |
| Income taxes67/77 | €207 | €235 | €1k | €2k | €455 | ▼ 76.5% |
| Profit (loss) for the period9904 | €1k | €30k | €28k | €-4k | €159 | ▲ 104% |
| Profit (loss) for the period to be appropriated9905 | €1k | €30k | €28k | €-4k | €159 | ▲ 104% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €42k | €48k | €66k | €20k | €13k | ▼ 36.3% |
| Fixed assets21/28 | €17k | €13k | €8k | €5k | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €17k | €13k | €8k | €5k | €0 | ▼ 100% |
| Furniture and vehicles24 | €17k | €13k | €8k | €5k | €0 | ▼ 100% |
| Current assets29/58 | €26k | €36k | €57k | €15k | €13k | ▼ 13.8% |
| Amounts receivable within one year40/41 | €19k | €9k | €16k | €14k | €6k | ▼ 56.4% |
| Trade receivables40 | €19k | €9k | €16k | €11k | €0 | ▼ 100% |
| Other amounts receivable41 | €390 | €639 | €20 | €3k | €6k | ▲ 98.6% |
| Cash at bank and in hand54/58 | €6k | €26k | €41k | €1k | €7k | ▲ 550% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €42k | €48k | €66k | €20k | €13k | ▼ 36.3% |
| Equity10/15 | €-45k | €-15k | €13k | €9k | €9k | ▲ 1.8% |
| Contributions10/11 | €32k | €32k | €32k | €32k | €32k | = |
| Profit (loss) carried forward14 | €-77k | €-47k | €-19k | €-23k | €-23k | ▲ 0.7% |
| Amounts payable17/49 | €87k | €63k | €52k | €11k | €3k | ▼ 68.2% |
| Amounts payable after more than one year17 | €71k | €51k | €36k | €1k | €0 | ▼ 100% |
| Financial debts170/4 | €13k | €9k | €5k | €693 | €0 | ▼ 100% |
| Other amounts payable178/9 | €58k | €42k | €31k | €364 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €16k | €13k | €16k | €10k | €3k | ▼ 64.7% |
| Current portion of amounts payable after more than one year42 | €4k | €4k | €4k | €4k | €0 | ▼ 100% |
| Financial debts43 | - | €10 | €10 | €0 | - | - |
| Credit institutions430/8 | - | €10 | €10 | €0 | - | - |
| Trade debts44 | €3k | €457 | €1k | €346 | €0 | ▼ 100% |
| Suppliers440/4 | €3k | €457 | €1k | €346 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €8k | €7k | €11k | €5k | €2k | ▼ 52.2% |
| Taxes450/3 | €6k | €5k | €11k | €5k | €2k | ▼ 52.2% |
| Remuneration and social security454/9 | €1k | €1k | €0 | - | - | - |
| Other amounts payable47/48 | €1k | €1k | €322 | €0 | €1k | - |
| Accrued charges and deferred income492/3 | €0 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1k | €30k | €28k | €-4k | €159 | ▲ 104% |
| + Depreciation and write-downs630 | €4k | €4k | €4k | €4k | €0 | ▼ 100% |
| Operating cash flow (approximation) | €5k | €34k | €33k | €32 | €159 | ▲ 399% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-1k | €5k | ▲ 615% |
| Change in cash | - | €20k | €14k | €-40k | €6k | ▲ 114% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Back to profitnet €159
Net result €159 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 3.67
Current ratio from 1.50 to 3.67; short-term debt falls from €10k to €3k.
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
31-12
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €30k ▲1,928%
Operating result €31k, net result €30k, both a record.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
Show earlier events
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Frameries · 1 establishment unit since 1999
Ground area
888 m²
Building footprint
173 m²
Volume, LiDAR
912 m³
Parcel 53025C0091/00E000, Wallonia · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
THEBES
since 19992.137.423.209
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53025C0091/00E000 | Wallonia | 888 m² | 1 · 173 m² | 7.2 m · 2 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.
Similar companies · same sector, comparable size
Coucke Management Services
BE 0739.821.968
Beveren-Kruibeke-Zwijndrecht · Eq €9,123
VDV
BE 0825.571.255
Brugge · Eq €9,121
Benelux Inspection Company
BE 0795.188.677
Rumst · Eq €9,121
THE CHANGEMAKERY
BE 0835.991.530
Rixensart · Eq €9,111
PPM UNLIMITED
BE 0780.402.018
Schilde · Eq €9,156
Of 24,515 companies in sector 82990 we hold annual accounts for 9,408. 4,363 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)
Founded07-12-1999
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.