ThEM Concept
ActiveSummary
ThEM Concept has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €70k and a net result of €20k. Equity is growing by ~57.1% per year across the filed fiscal years. Its solvency ranks better than 60% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability58▼-42
Solvency91▲+5
Growth78=
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 5.35 against 5.33 in 2024; short-term debt: 18% and cash: 69.1% of total assets), and 34% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
66%
Return on assets
18.9%
Age of the figures
9 mo
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 02-07-2026, 29 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
29 d early
2024
73 d early
2023
79 d early
← 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
€70k▲ 40.2%
2024 · €50k
2023: €13klowest in 3 years
2024: €50k▲ +284% vs 2023
2025: €70k▲ +40.2% vs 2024highest in 3 years
2023 → 2025
Total assets
€106k▲ 30.1%
2024 · €81k
2023: €31klowest in 3 years
2024: €81k▲ +161% vs 2023
2025: €106k▲ +30.1% vs 2024highest in 3 years
2023 → 2025
Net result
€20k▼ 46.9%
2024 · €38k
2023: €11klowest in 3 years
2024: €38k▲ +244% vs 2023highest in 3 years
2025: €20k▼ -46.9% vs 2024
2023 → 2025
Working capital
€83k▲ 28.5%
2024 · €64k
2023: €11klowest in 3 years
2024: €64k▲ +463% vs 2023
2025: €83k▲ +28.5% vs 2024highest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€13k-€50k▲ 284%€70k▲ 40.2%
2023: €13klowest in 3 years
2024: €50k▲ +284% vs 2023
2025: €70k▲ +40.2% vs 2024highest in 3 years
Operating result€18k-€51k▲ 183%€57k▲ 13.0%
2023: €18klowest in 3 years
2024: €51k▲ +183% vs 2023
2025: €57k▲ +13.0% vs 2024highest in 3 years
Net result€11k-€38k▲ 244%€20k▼ 46.9%
2023: €11klowest in 3 years
2024: €38k▲ +244% vs 2023highest in 3 years
2025: €20k▼ -46.9% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 13% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €106k
Fixed assets
€4k ▲ 92.4%
Current assets
€102k ▲ 28.4%
Equity and liabilities €106k
Equity
€70k ▲ 40.2%
Debt
€36k ▲ 14.2%
Debt's share of the balance-sheet total falls from 38.8% to 34.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€58k▲
2024 · €51k
Cash flow
€21k▼
2024 · €38k
Current ratio
5.35▲
2024 · 5.33
Quick ratio
5.30▼
2024 · 5.33
Debt to equity
0.52▼
2024 · 0.63
ROE
28.7%▼
2024 · 75.7%
ROA
18.9%▼
2024 · 46.3%
Interest coverage
1.89▼
2024 · 23.28
Debt ≤ 1 year
€19k▲
2024 · €15k
Debt > 1 year
€17k▲
2024 · €17k
Income taxes
€6k▼
2024 · €11k
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 · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€81k€106k▲
Fixed assets21/28€2k€4k▲
Tangible fixed assets22/27€2k€4k▲
Furniture and vehicles24€2k€4k▲
Current assets29/58€79k€102k▲
Amounts receivable after more than one year29€29k-
Other amounts receivable291€29k-
Stocks and contracts in progress3-€900
Stocks30/36-€900
Amounts receivable within one year40/41€18k€26k▲
Trade receivables40€16k€22k▲
Other amounts receivable41€1k€4k▲
Cash at bank and in hand54/58€31k€73k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€81k€106k▲
Equity10/15€50k€70k▲
Contributions10/11€2k€2k=
Reserves13€48k€68k▲
Distributable reserves133€48k€68k▲
Amounts payable17/49€32k€36k▲
Amounts payable after more than one year17€17k€17k▲
Other amounts payable178/9€17k€17k▲
Amounts payable within one year42/48€15k€19k▲
Trade debts44€4k€7k▲
Suppliers440/4€4k€7k▲
Taxes, remuneration and social security45€10k€12k▲
Taxes450/3€8k€8k▲
Remuneration and social security454/9€2k€4k▲
Other amounts payable47/48€859-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€500€1k▲
Other operating charges640/8€516€1k▲
Gross operating margin9900€52k€60k▲
Operating profit (loss)9901€51k€57k▲
Financial income75/76B-€45
Recurring financial income75-€45
Financial charges65/66B€2k€31k▲
Recurring financial charges65€2k€31k▲
Profit (loss) for the period before taxes9903€48k€26k▼
Income taxes67/77€11k€6k▼
Profit (loss) for the period9904€38k€20k▼
Profit (loss) for the period to be appropriated9905€38k€20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€38k€20k▼
Transfer to equity691/2€37k€20k▼
To other reserves6921€37k€20k▼
Profit to be distributed694/7€859-
Return on contributions (dividend)694€859-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €500 | €1k | ▲ 124% |
| Other operating charges640/8 | €5k | €516 | €1k | ▲ 183% |
| Gross operating margin9900 | €24k | €52k | €60k | ▲ 15.8% |
| Operating profit (loss)9901 | €18k | €51k | €57k | ▲ 13.0% |
| Financial income75/76B | €15 | - | €45 | - |
| Recurring financial income75 | €15 | - | €45 | - |
| Financial charges65/66B | €457 | €2k | €31k | ▲ 1,304% |
| Recurring financial charges65 | €457 | €2k | €31k | ▲ 1,304% |
| Profit (loss) for the period before taxes9903 | €17k | €48k | €26k | ▼ 45.4% |
| Income taxes67/77 | €7k | €11k | €6k | ▼ 40.1% |
| Profit (loss) for the period9904 | €11k | €38k | €20k | ▼ 46.9% |
| Profit (loss) for the period to be appropriated9905 | €11k | €38k | €20k | ▼ 46.9% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €31k | €81k | €106k | ▲ 30.1% |
| Fixed assets21/28 | €2k | €2k | €4k | ▲ 92.4% |
| Tangible fixed assets22/27 | €2k | €2k | €4k | ▲ 92.4% |
| Furniture and vehicles24 | €2k | €2k | €4k | ▲ 92.4% |
| Current assets29/58 | €30k | €79k | €102k | ▲ 28.4% |
| Amounts receivable after more than one year29 | - | €29k | - | - |
| Other amounts receivable291 | - | €29k | - | - |
| Stocks and contracts in progress3 | - | - | €900 | - |
| Stocks30/36 | - | - | €900 | - |
| Amounts receivable within one year40/41 | €15k | €18k | €26k | ▲ 45.7% |
| Trade receivables40 | €13k | €16k | €22k | ▲ 35.1% |
| Other amounts receivable41 | €1k | €1k | €4k | ▲ 171% |
| Cash at bank and in hand54/58 | €13k | €31k | €73k | ▲ 139% |
| Deferred charges and accrued income490/1 | €1k | €2k | €2k | ▲ 1.5% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €31k | €81k | €106k | ▲ 30.1% |
| Equity10/15 | €13k | €50k | €70k | ▲ 40.2% |
| Contributions10/11 | €2k | €2k | €2k | = |
| Reserves13 | €11k | €48k | €68k | ▲ 41.9% |
| Distributable reserves133 | €11k | €48k | €68k | ▲ 41.9% |
| Amounts payable17/49 | €18k | €32k | €36k | ▲ 14.2% |
| Amounts payable after more than one year17 | - | €17k | €17k | ▲ 1.9% |
| Other amounts payable178/9 | - | €17k | €17k | ▲ 1.9% |
| Amounts payable within one year42/48 | €18k | €15k | €19k | ▲ 28.0% |
| Trade debts44 | €2k | €4k | €7k | ▲ 76.7% |
| Suppliers440/4 | €2k | €4k | €7k | ▲ 76.7% |
| Taxes, remuneration and social security45 | €13k | €10k | €12k | ▲ 20.9% |
| Taxes450/3 | €10k | €8k | €8k | ▲ 1.6% |
| Remuneration and social security454/9 | €3k | €2k | €4k | ▲ 101% |
| Other amounts payable47/48 | €4k | €859 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €11k | €38k | €20k | ▼ 46.9% |
| + Depreciation and write-downs630 | €1k | €500 | €1k | ▲ 124% |
| Operating cash flow (approximation) | €12k | €38k | €21k | ▼ 44.7% |
| Investment in fixed assets (approximation) | - | €-1k | €-3k | ▼ 179% |
| Change in cash | - | €17k | €43k | ▲ 147% |
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
Next filing, fiscal year 2026, expected by
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
19-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2023net €38k ▲244%
Net result €38k, the highest in the series.
31-12
Financial
Liquidity triplescurrent ratio 5.33
Current ratio from 1.63 to 5.33; short-term debt falls from €18k to €15k.
13-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Plombières · 1 establishment unit since 2023
Ground area
4,320 m²
Building footprint
304 m²
Volume, LiDAR
2,058 m³
Parcel 63028A1035/00E000, Wallonia · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Völkerich 92, 4851 Plombières
since 20232.340.944.451
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63028A1035/00E000 | Wallonia | 4,320 m² | 1 · 304 m² | 9.6 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.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 39,635 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
Founded24-01-2023
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
16110Sawmilling and planing of wood
16120Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
73300Public relations and communication consultancy
Scores and ratios are computed by Checked and are not a credit decision.